WEBVTT 00:02.030 --> 00:10.270 Okay, we have some breaking news here out of the UK as the government is holding an emergency 00:11.070 --> 00:11.950 Cobra meeting. 00:12.270 --> 00:14.710 So the meeting is going on right now. 00:14.890 --> 00:19.130 I did delay starting the stream because I was hoping it would be finished, but we'll 00:19.130 --> 00:23.190 keep an eye on it to see if it's finished by the time we go through the stream. 00:23.430 --> 00:26.670 But I can tell you what they are talking about now and we're going to go through a lot 00:26.670 --> 00:30.650 of this today and it really focuses around two main points. 00:30.650 --> 00:37.070 Number one is that they believe that the UK is going to run out of petrol. 00:37.330 --> 00:37.610 I'm sorry. 00:37.670 --> 00:38.350 Let me say that again. 00:38.390 --> 00:46.010 They believe that there's going to be shortages of petrol and diesel that will result in not 00:46.010 --> 00:48.490 just shortages, but rationing is one. 00:48.770 --> 00:51.030 I didn't mean to say they're going to completely run out. 00:51.150 --> 00:51.970 That's not accurate. 00:52.150 --> 00:58.330 There will always be fuel, but there will be rationing if what has come out is accurate. 00:58.330 --> 01:05.750 The second one that you should pay attention to is not the fuel aspect, but it's the food 01:05.750 --> 01:06.410 aspect. 01:07.030 --> 01:08.870 I've been following this over the last week. 01:09.030 --> 01:14.610 I wanted to wait until I had all the data before I came out with this because I didn't 01:14.610 --> 01:20.170 want to kind of alarm people without all the data behind it. 01:20.650 --> 01:25.290 So we'll go through that and we'll look at what's happening with food and fertilizer 01:25.290 --> 01:27.130 and everything around that. 01:27.130 --> 01:33.390 I'll just say it's not good news and that's why this emergency Cobra meeting is taking 01:33.390 --> 01:34.970 place right now. 01:35.570 --> 01:42.010 So let's just start with the first main story here, which is out today from the Independent. 01:42.690 --> 01:47.830 This was earlier, so they said Starmus to hold this emergency Cobra meeting over the 01:47.830 --> 01:52.110 around war after warning that price rises are now inescapable. 01:52.670 --> 01:55.890 So again, this is what they were talking about. 01:55.890 --> 02:01.770 If you remember, for the last two or three weeks here, I've been saying exactly what they're 02:01.770 --> 02:07.370 now telling the public and that it's inescapable, and this is really just simple economics. 02:07.610 --> 02:13.770 It's supply and demand economics, very basic lesson here, but because of the confusion 02:13.770 --> 02:19.570 and the fear and everything else that was going on, it kind of confused a lot of 02:19.570 --> 02:23.790 people and the media and the government tried to reassure everyone that everything 02:23.790 --> 02:24.890 is going to be OK. 02:25.750 --> 02:29.610 But now they've got to the point where the public are realizing actually this isn't 02:29.610 --> 02:30.470 going to be OK. 02:31.070 --> 02:33.930 We've lost 20 percent of all the LNG production. 02:34.770 --> 02:38.470 We've lost 10 percent of the oil production, which is just increased today. 02:38.590 --> 02:40.390 I'll tell you about that later in the stream. 02:41.190 --> 02:42.750 What's taken place today? 02:42.990 --> 02:45.730 And no, it's not actually in the Middle East. 02:46.030 --> 02:50.250 It's it's in Russia, a Ukrainian strike on Russian oil. 02:50.910 --> 02:53.230 In fact, let me just give you a quick summary of this now. 02:53.230 --> 02:54.490 Why did they do that? 02:54.810 --> 03:00.090 It's because Russia was profiting and making a lot of money over the closure 03:00.090 --> 03:01.490 of the strait. 03:02.010 --> 03:06.590 So Ukraine actually struck it with a lot of drones. 03:06.790 --> 03:11.570 I mean, a huge amount of drones just so they couldn't profit off the shortages. 03:12.230 --> 03:14.790 So this now has really escalated. 03:14.990 --> 03:19.070 So the oil supply that was already bad is now even worse. 03:19.570 --> 03:20.290 Huge huge. 03:20.330 --> 03:22.290 It was actually Russia's biggest refinery. 03:22.290 --> 03:27.290 So, ladies and gentlemen, this is going to be and I've been saying this for three 03:27.290 --> 03:32.250 or four weeks since it started now, but I'm going to keep saying it because I feel 03:32.250 --> 03:36.710 like I'm actually getting this shift now and people are realizing that they can't 03:36.710 --> 03:40.810 trust what they are being told on the media and that this is all going to be fine. 03:40.970 --> 03:44.330 In fact, the media has even flipped now and telling you they're openly telling 03:44.330 --> 03:46.390 you this isn't going to be fine. 03:46.490 --> 03:47.510 This isn't going to be OK. 03:49.090 --> 03:51.310 This there's going to be ripple effects of this. 03:51.310 --> 03:54.990 You know, it's not going to be an economic collapse right at this stage, 03:54.990 --> 03:59.030 but we're definitely going to see a massive decline in the economy. 03:59.250 --> 04:03.330 And you've got to prepare yourself for this now because a lot of, you know, 04:03.810 --> 04:06.110 my Friday walk and talk that I just did on Friday, 04:06.790 --> 04:10.270 mostly positive comments, people understanding what I was explaining. 04:10.490 --> 04:14.650 But a lot of people still not getting it, thinking it's scaremongering 04:14.650 --> 04:15.650 and oil is going to come. 04:15.750 --> 04:19.370 Some of the comments say oil is coming down back down to $60 a barrel. 04:19.370 --> 04:22.290 You know, it's going to come back down in a couple of weeks, 04:22.370 --> 04:23.830 stop scaremongering or this. 04:24.150 --> 04:25.330 It's not scaremongering. 04:25.630 --> 04:28.050 It's simple supply and demand economics. 04:28.410 --> 04:34.010 You can't destroy manufacturing, LNG, oil, pipelines, 04:34.410 --> 04:37.970 all these other things, the infrastructure and then somehow 04:38.610 --> 04:40.810 I don't know, is it positive thinking? 04:40.990 --> 04:41.510 I don't know. 04:41.810 --> 04:45.190 Think that it's all going to come back online in a couple of weeks. 04:45.770 --> 04:46.970 It's not possible. 04:46.970 --> 04:51.730 If I'm driving my car and I park it at the supermarket and someone 04:51.730 --> 04:55.170 comes out and destroys my car, I can't say always fine. 04:55.430 --> 04:59.590 In a couple of hours, the car will just magically be 100 percent 04:59.590 --> 05:01.890 OK again, and I'm going to drive it. 05:02.190 --> 05:04.410 It doesn't work that way, ladies and gentlemen. 05:04.950 --> 05:08.290 So, you know, you've got to try and help your friends and family 05:08.290 --> 05:11.250 and co-workers here because they're just not getting it. 05:11.310 --> 05:14.850 They really think all of this is just going to come back and be restored. 05:14.850 --> 05:18.630 Wait till we get into fertilizer and all the things that around 05:18.630 --> 05:22.090 fertilizer, which is going into farming or shall I say, 05:22.130 --> 05:23.510 it's not going into farming right now. 05:24.390 --> 05:26.610 So, yeah, this this was one that came out earlier and we'll come 05:26.610 --> 05:29.650 on to the update of this, that the Prime Minister was going to meet 05:29.650 --> 05:33.250 with senior ministers, Bank of England to discuss this conflict. 05:33.570 --> 05:37.390 But, you know, this is this is serious. 05:37.550 --> 05:41.550 They're telling everyone needs to be prepared for every eventuality here. 05:41.550 --> 05:45.530 So he's chairing this emergency Cobra meeting, 05:45.750 --> 05:49.570 but they're now saying this is inescapable senior cabinet ministers. 05:49.650 --> 05:51.430 This is what kind of made me laugh. 05:51.530 --> 05:52.950 We'll come on to those in a moment. 05:53.490 --> 05:55.730 But Andrew Bailey, Governor of the Bank of England, 05:55.870 --> 05:59.230 he's been actually very honest about it, which I do appreciate. 06:00.910 --> 06:04.670 But they're saying now this is going to be very, very bad. 06:04.730 --> 06:07.370 Even if they open the straight, it's not going to make much difference. 06:07.550 --> 06:09.310 Now, the damages is done. 06:09.830 --> 06:15.570 So a little bit of context and I want to talk into what I don't think 06:15.570 --> 06:18.510 even think some of the social media channels have caught up with this yet. 06:19.050 --> 06:22.250 So we know Trump gave the automator 48 hours 06:22.250 --> 06:24.890 or he's going to destroy Iran's infrastructure. 06:25.490 --> 06:26.970 A couple of things with that 06:27.650 --> 06:29.350 that I don't think people really understand. 06:29.550 --> 06:33.870 If you actually look at Iran's energy infrastructure is very different 06:33.870 --> 06:37.090 to a lot of countries infrastructure where they might have these big power 06:37.090 --> 06:40.530 plants that supply a large amount of energy. 06:41.050 --> 06:42.230 Iran is very different. 06:42.990 --> 06:44.570 It's very decentralized. 06:45.050 --> 06:48.270 There's loads of energy infrastructure everywhere. 06:48.890 --> 06:52.210 So, yes, you can destroy a lot of it, but you're not going to take it all out. 06:52.310 --> 06:54.450 You're going to it's going to take a lot of strikes 06:54.450 --> 06:57.030 to just go after one after the other after the other. 06:57.930 --> 07:00.070 Other countries are not quite the same. 07:00.190 --> 07:04.250 In fact, you saw the response that Iran struck Israel's 07:04.250 --> 07:09.350 one of its main power plants, which I actually believe it was nuclear in nature. 07:09.870 --> 07:14.070 So that, again, is not good, which comes back into what I talked about last 07:14.070 --> 07:18.850 Wednesday, where I said at some point we're going to see that we could see 07:18.850 --> 07:24.050 and this came out of the UN and all the other WHO and all these other things. 07:24.350 --> 07:25.530 They're very concerned now. 07:25.590 --> 07:26.230 They've raised the level. 07:26.350 --> 07:28.410 They think it's going to be a nuclear event. 07:29.390 --> 07:32.370 And even this missile, we've seen this missile hit 07:32.370 --> 07:35.870 go over the the British base and all this other stuff. 07:36.070 --> 07:38.950 I'm not convinced that was an Iranian ballistic missile. 07:38.950 --> 07:42.550 I think it could have even been a false flag event trying to pull other 07:42.550 --> 07:44.350 NATO countries into the war. 07:44.410 --> 07:48.390 This is another theory, which I actually think could be quite, quite accurate. 07:48.690 --> 07:51.210 But coming back, though, the 48 hour automaton. 07:52.030 --> 07:55.010 What happened during that 48 hour automaton? 07:55.150 --> 07:56.230 The US said one thing. 07:56.670 --> 08:01.830 Israel started to actually strike those energy plants early. 08:02.370 --> 08:04.630 And even though Trump didn't say anything about it, 08:04.650 --> 08:07.730 I'm sure he wasn't happy with that because we know his tactics. 08:09.210 --> 08:11.690 He he sometimes bluffs, as it were. 08:11.810 --> 08:12.490 Let's just say that. 08:12.590 --> 08:14.010 Would he have actually done it? 08:14.210 --> 08:14.670 I don't know. 08:14.950 --> 08:17.670 But let me loop back to the main point I'm trying to make here. 08:18.290 --> 08:22.090 A lot of the commentators I'm seeing are saying either 08:23.310 --> 08:27.710 Trump's having these negotiations with Iran and Iran saying he isn't. 08:27.710 --> 08:28.910 So they're saying Iran's lying. 08:28.910 --> 08:34.310 Other people are saying that Trump's lying and Iran's telling the truth. 08:34.710 --> 08:36.830 Actually, I think there's a third option here. 08:37.030 --> 08:38.210 So hear me out on this. 08:38.890 --> 08:41.590 I think because we haven't heard from the US exactly what's happened. 08:42.090 --> 08:46.070 I think the third option is if you think about because I was thinking 08:46.070 --> 08:49.250 about the what Iran was saying over the weekend, 08:49.850 --> 08:53.170 and they said that we can't really be affected because if you, you know, 08:53.250 --> 08:56.290 in effect, take the head off the snake, another head will grow up 08:56.290 --> 08:57.470 and, you know, things like that. 08:58.530 --> 09:02.330 My thoughts are the US is probably speaking to 09:03.070 --> 09:06.170 because they're not massively centralized, the Iranian infrastructure 09:06.170 --> 09:07.270 right now in the government. 09:07.530 --> 09:11.930 You've got the IRGC here, which is dealing with the war aspect. 09:12.170 --> 09:14.590 You've also got cabinet ministers in different places. 09:15.170 --> 09:18.430 So they're probably speaking to these cabinet ministers elsewhere 09:18.430 --> 09:21.090 and negotiating. So it doesn't mean he's lying. 09:21.630 --> 09:24.470 It doesn't mean that either party is lying. 09:24.470 --> 09:27.490 It just it could just be that this is what's taking place, 09:27.490 --> 09:29.870 which I think is highly, highly likely. 09:30.530 --> 09:32.130 So now we've covered that point then. 09:33.210 --> 09:36.410 A lot of the Iranian infrastructure was here, but it wasn't the US. 09:36.610 --> 09:39.990 People are people again missing saying this incorrectly, saying that 09:39.990 --> 09:42.770 the US just did it before the 48 hour deadline. 09:42.870 --> 09:43.810 It wasn't the US. 09:43.930 --> 09:46.970 It was actually Israel that did the strikes. 09:47.410 --> 09:49.710 So who was on this emergency Cobra meeting? 09:49.870 --> 09:50.670 Then you won't believe this. 09:50.670 --> 09:56.430 It was Rachel Reeves, Yvette Cooper and Ed Miliband. 09:57.070 --> 10:00.490 These probably the worst people. 10:01.250 --> 10:04.650 Again, we need people that are, you know, when you're in a wartime economy, 10:04.650 --> 10:07.490 which I really believe we're in now, I truly do. 10:07.930 --> 10:13.430 You don't need people who are not that way inclined in their thinking. 10:14.170 --> 10:16.330 OK, and that's what we've got in this room. 10:16.950 --> 10:20.110 So Ed Miliband, he's all net zero green energy. 10:20.110 --> 10:21.950 He said, doesn't matter what happened. 10:22.010 --> 10:23.770 You remember this statement, doesn't matter what happened. 10:24.050 --> 10:25.230 He won't change his response. 10:25.590 --> 10:28.590 Well, we're in a wartime footing at the moment. 10:29.150 --> 10:35.210 And even though we're not directly at war, we are in a kind of proxy war with. 10:35.670 --> 10:39.850 And again, I when I say we, most of us watching, we're not involved in it, 10:39.890 --> 10:43.530 but we've been pulled into it by default, by the leadership. 10:43.750 --> 10:47.110 And this is a big issue, a big, big problem, because we didn't vote for this. 10:47.110 --> 10:51.650 And we've got Russia and we've got Iran saying that at some point, 10:51.750 --> 10:55.710 the UK is going to there's going to be a retribution, right? 10:55.970 --> 11:01.310 The UK is going to get its comeuppance, as we would say, when I was younger. 11:01.850 --> 11:03.450 And that they've both said this. 11:03.670 --> 11:05.150 So it's pretty concerning. 11:05.510 --> 11:11.090 And then you've got these leaders or these politicians who just haven't 11:11.090 --> 11:14.990 they haven't grasped the gravity of the situation that they're getting us into. 11:14.990 --> 11:18.010 And I even saw, I don't know if I'm going to be able to find the quote here, 11:18.690 --> 11:21.670 but I even saw something I thought was shocking in this thing. 11:22.230 --> 11:26.030 And they said, no, I'm not going to be able to pull it up because there's so many 11:26.710 --> 11:27.830 hundreds of pages here. 11:28.130 --> 11:33.130 But one of the things that he or should I say, I always start with hundreds of pages 11:33.130 --> 11:35.730 and I whittle it right down to give you the condensed version. 11:35.950 --> 11:39.530 And if you're not subscribed, by the way, please subscribe to the channel. 11:39.710 --> 11:42.530 I cover geopolitics like this each week. 11:42.530 --> 11:47.950 So one thing that they were saying was the energy bills are looked to spiral 11:48.490 --> 11:53.070 and there's this soaring cost of energy that's going to be coming through 11:53.070 --> 11:54.630 the economy and it's inescapable. 11:55.110 --> 11:57.330 But they said something along the line. 11:57.390 --> 11:58.550 This isn't on the Cobra meeting. 11:58.750 --> 12:00.790 This was the I think it was Steve. 12:01.830 --> 12:02.870 I can't remember who it was. 12:02.950 --> 12:04.110 It was Steve Reed, I think it was. 12:04.570 --> 12:07.810 And he actually said that everyone should be prepared for this. 12:08.130 --> 12:12.290 But he basically said the answer wasn't because Ed Miliband doesn't want to do it. 12:12.530 --> 12:16.550 To reduce the taxes on the energy, the North Sea energy companies. 12:16.830 --> 12:18.730 He said, we'll look for alternative options. 12:19.150 --> 12:21.310 Well, that is the solution. 12:21.750 --> 12:24.650 You think about the UK with the North Sea. 12:25.130 --> 12:27.070 It's already energy independent. 12:27.650 --> 12:31.450 It's just that they've taxed it so much that you can't get the energy out. 12:32.050 --> 12:33.570 So we're all we're doing. 12:33.670 --> 12:34.430 It's pretty dumb. 12:34.470 --> 12:36.410 If you think about it, it's really stupid. 12:36.790 --> 12:38.550 All we're doing, we're still using energy. 12:38.870 --> 12:40.890 We're just paying other countries for the energy. 12:41.350 --> 12:46.490 And then we're taxing the North Sea energy companies in our own backyard. 12:47.390 --> 12:52.030 And so they can't produce energy because it's not profitable at 78 percent tax. 12:53.270 --> 12:55.970 So they're not actually producing the energy. 12:56.110 --> 12:56.990 We're just buying it elsewhere. 12:57.430 --> 12:58.570 It's so ridiculous. 12:58.850 --> 13:02.930 And I really hope when we have a new change of leadership that they're 13:02.930 --> 13:06.030 going to actually start to use this energy. 13:06.210 --> 13:10.210 And this will be great for the UK because it will bring down all of the energy 13:10.210 --> 13:12.890 prices because it will be domestic, it will be cheaper. 13:13.650 --> 13:17.510 And then those energy prices then will feed into the economy, the lower prices, 13:17.510 --> 13:22.770 which means that everything will perform a lot better production wise. 13:23.030 --> 13:24.490 So it'll be great for the economy. 13:24.750 --> 13:26.630 We'll save a lot of money. 13:27.230 --> 13:29.830 So yeah, these are the people who are on this emergency meeting. 13:29.830 --> 13:33.490 So I'm not holding out much intelligence coming out from that. 13:33.870 --> 13:37.310 But yeah, the main thing is they're concerned about food prices 13:37.710 --> 13:41.350 and that they're saying it's inescapable now. 13:42.850 --> 13:44.270 So that was the main one. 13:44.410 --> 13:45.570 So then we have the update. 13:45.750 --> 13:46.670 So this was the update. 13:46.930 --> 13:49.890 And again, we'll we'll see if there's been an update to the update in a moment. 13:50.490 --> 13:55.050 But Starmer's warns there's no quick and early end to the US Iran war. 13:55.250 --> 13:57.550 He thinks this is going to continue on. 13:57.550 --> 13:59.790 And this was just before he went into the meeting. 14:00.110 --> 14:03.810 Now, these are a lot of the headlines that we are seeing right now. 14:04.270 --> 14:06.210 Let's cover some of these headlines. 14:06.210 --> 14:10.110 Oh, and by the way, before that, I always say, forget to say, 14:10.310 --> 14:13.970 if you haven't looked at the digital income mastery program yet, 14:14.890 --> 14:16.870 I'll leave the link below in the description. 14:17.050 --> 14:17.990 Please check this out. 14:18.030 --> 14:22.310 I've done a video for you here as well so you can actually see what this is about. 14:22.510 --> 14:24.210 Is we're pre filming at the moment. 14:24.710 --> 14:27.010 So we're still on the pre launch. 14:27.550 --> 14:30.930 And it's about halfway through has been released of the first program. 14:31.230 --> 14:34.250 And this will help a lot of you, especially if you are worried 14:34.250 --> 14:39.270 about your income and rising prices and inflation that will be coming. 14:40.150 --> 14:43.790 It'll just help you to create some income on the side from home, 14:43.890 --> 14:46.550 work from home or work from wherever you you are. 14:46.910 --> 14:47.990 But it's really simple. 14:48.130 --> 14:51.730 We just we're just creating and selling digital products and services 14:51.730 --> 14:54.510 to a market place where we're doing searches. 14:54.750 --> 14:58.690 We're finding what isn't available and we're creating them really, really easily. 14:58.910 --> 15:01.410 It's a very simple business model. 15:01.410 --> 15:04.830 And then the I'm actually teaching you how to market these things 15:04.830 --> 15:06.350 and how to sell them. 15:06.350 --> 15:07.790 So I'm giving you the whole infrastructure. 15:07.950 --> 15:09.170 So it's pretty simple. 15:09.390 --> 15:12.010 But check out the video and it will explain all of it. 15:12.430 --> 15:15.270 OK, now we've seen all of these headlines then. 15:15.590 --> 15:16.990 Where are they? Here we go. 15:17.670 --> 15:19.810 And these are just ramping up at the moment. 15:19.850 --> 15:21.390 So this is just come out today. 15:22.010 --> 15:26.250 Food shortages warning a stomach used of rushing through tax rates on the farmers. 15:27.010 --> 15:29.330 Food prices could rise within weeks. 15:29.330 --> 15:32.450 But the big worry is that they won't come back down. 15:32.530 --> 15:33.890 I would agree with that statement. 15:33.930 --> 15:36.450 I don't think they will necessarily come back down. 15:36.610 --> 15:40.590 And then I want to go through some of the the info here. 15:40.630 --> 15:41.970 In fact, I'll take it off the shared screen 15:41.970 --> 15:44.710 because it's not a good quality image anyway. 15:45.710 --> 15:47.590 So Sulfur. Here we go. 15:49.530 --> 15:53.490 Sulfur, 45 percent of the market share Middle East. 15:53.730 --> 15:54.970 OK, Middle East for that. 15:55.210 --> 15:59.010 And this is the input for sulfuric acid and fertilizer production. 15:59.330 --> 16:02.190 But let me let me just go through the industries 16:02.190 --> 16:03.890 that are going to be affected by this in a moment. 16:04.190 --> 16:08.570 But you've got LPG, that's your butane, your propane. 16:09.050 --> 16:13.750 Again, 44 percent is affected by the Middle East crude oil, 34 percent helium. 16:14.350 --> 16:16.010 Not many people are talking about this. 16:16.250 --> 16:20.090 Critical for semiconductor production, 33 percent Middle East. 16:21.390 --> 16:26.430 Petrochemicals, methanol, 30 percent aluminum or aluminum, 16:26.950 --> 16:32.710 24 percent ammonia, 22 percent and then G 19 percent. 16:33.130 --> 16:37.190 All of these things are closed down right now 16:37.190 --> 16:39.310 in terms of what we're going to lose from the marketplace. 16:39.830 --> 16:43.150 And you think these are crucial for 16:44.650 --> 16:48.870 for fertilizers, they're crucial for semiconductors. 16:49.290 --> 16:51.330 If you haven't got the the helium, 16:51.530 --> 16:54.490 how are you going to make semiconductors with this AI race 16:54.490 --> 16:55.910 that's going on at the moment? 16:55.910 --> 16:59.890 Which I think, in fact, we'll talk about this another day, 16:59.930 --> 17:01.110 maybe the Friday walk and talk. 17:01.530 --> 17:05.390 Just be careful with AI stocks at the moment with this energy crisis. 17:05.730 --> 17:10.630 But also in the next few years, we'll talk about this later. 17:10.830 --> 17:14.030 I think there's going to be a massive shock to the AI stocks 17:14.030 --> 17:16.470 when all of this needs to be replaced. 17:17.170 --> 17:18.270 I think it's going to be a big problem. 17:18.850 --> 17:21.090 So what industries are going to be hit then? 17:22.150 --> 17:24.490 The list is absolutely enormous. 17:24.490 --> 17:27.870 Agriculture, chemicals, metal processing, 17:28.370 --> 17:32.010 batteries, commercial fuel, industrial power, 17:32.910 --> 17:35.770 petrochemicals, semiconductors, health care, aerospace, 17:36.450 --> 17:39.750 plastic manufacturing, textiles, consumer goods, 17:39.950 --> 17:43.930 automation, construction, health care and pharmaceuticals, 17:44.170 --> 17:47.330 tire and rubber production, construction, automation, 17:48.190 --> 17:50.990 machinery, agriculture, mining. 17:51.410 --> 17:52.410 We're already seeing that. 17:53.150 --> 17:54.390 Utilities and power. 17:55.150 --> 17:57.850 This just goes on and on and on. 17:57.990 --> 18:00.070 It is not good at all. 18:00.410 --> 18:02.630 And that's why we're seeing all of these headlines. 18:02.850 --> 18:05.450 You know, food securities rising again, 18:05.930 --> 18:11.170 up 12 percent for UK households as of as of what we're going through 18:11.950 --> 18:16.610 how the Iran War could trigger a global food crisis, 18:16.650 --> 18:18.990 which is what I talked about briefly on Friday. 18:19.570 --> 18:21.570 But let's just look at Brent's right now. 18:22.070 --> 18:24.910 And it's very interesting that we're just not seeing it break. 18:25.370 --> 18:28.110 Even though it's come down, it was a hundred and fourteen earlier. 18:28.570 --> 18:31.490 It's still not breaking this hundred dollar line. 18:31.790 --> 18:34.830 You know, you keep seeing the resistance here at the hundred dollar. 18:34.950 --> 18:37.790 We've seen it twice, actually, resistance at a hundred dollars. 18:38.570 --> 18:39.350 But but let's see. 18:39.710 --> 18:41.410 I'm not saying it's not going to come back down. 18:41.550 --> 18:44.130 But what I am saying is it's not going to stay down. 18:44.650 --> 18:47.330 OK, people think it's coming down to here, 60 dollars. 18:48.990 --> 18:51.230 Let me know in the comments how you're seeing that, 18:51.250 --> 18:54.050 because I do not see this coming down to 60 dollars. 18:54.150 --> 18:56.750 I just can't see how that's even going to happen. 18:57.270 --> 19:00.790 And even if we look at the what's actually happening with the 10 percent 19:00.790 --> 19:06.090 drop on the day, 9 percent here, this is simply because of the news 19:06.710 --> 19:11.110 that President Trump said he was negotiating right now with Iran. 19:11.370 --> 19:13.870 But again, there's so many parts of that. 19:14.150 --> 19:15.830 Who is he negotiating with? 19:16.390 --> 19:18.950 Has that person got the power to do the deal? 19:20.350 --> 19:22.950 All you're seeing every time a tweet is put out 19:22.950 --> 19:25.890 or whatever you want to call it these days, a post on X or whatever, 19:26.430 --> 19:29.650 you see the drops and then it goes back up and then you see another drop. 19:29.790 --> 19:32.010 You can only do this for so long. 19:34.370 --> 19:39.950 The OK, I've got a short one to show you here, short video here that I want to show you. 19:41.810 --> 19:44.930 Fertilizers, those that need to buy are hurting pretty bad 19:44.930 --> 19:50.630 because we've had this huge dump in fertilizer prices because of this this conflict. 19:51.250 --> 19:56.230 And, you know, with only about 30 percent of fertilizer coming through the Strait of Horaz, 19:57.410 --> 20:01.550 that's if you divide that out per day, that's about 0.09 percent 20:01.550 --> 20:04.490 of the world's fertilizer coming through there. 20:04.570 --> 20:07.690 And even if the U.S. only uses 30 percent of that, 20:07.690 --> 20:13.650 which I think is probably a really high number, that's 0.03 percent per day. 20:14.270 --> 20:16.930 So we've only been in conflict for nearly 12 days here. 20:17.530 --> 20:21.530 And our fertilizer costs have jumped nearly 77 percent. 20:22.210 --> 20:23.870 That's what I wanted you to hear there. 20:24.410 --> 20:29.210 He said fertilizer has jumped seventy seven percent. 20:29.930 --> 20:34.410 And that's across the board because there's different fertilizers, obviously. 20:35.050 --> 20:38.890 Another one, then China has actually stopped their fertilizer exports. 20:39.930 --> 20:41.150 This is a big one. 20:41.290 --> 20:45.270 And I have, again, a verified everything I tell you on the streams, I have verified. 20:45.610 --> 20:48.990 So they've actually stopped their exports as well. 20:49.350 --> 20:51.130 So this is yet again another. 20:51.390 --> 20:56.050 So what I'm really trying to get out here is people are looking at things 20:56.050 --> 20:58.630 and they're not looking at it in clusters. 20:59.190 --> 21:00.710 You've got to look at it in clusters. 21:01.030 --> 21:03.770 You can't just look at one thing here, one thing there and say, 21:03.770 --> 21:08.450 oh, well, you know, this tweet went out today and oh, this is fine. 21:08.490 --> 21:10.930 So that's dropped. You've got to look at everything. 21:11.410 --> 21:14.970 China has now stopped the export fertilizers. 21:15.390 --> 21:16.790 That's going to have a knock on effect. 21:17.030 --> 21:19.770 This is going to be but it's not going to be equal across the board. 21:19.910 --> 21:22.210 It will depend on each on each country. 21:23.170 --> 21:25.590 But this is what I wanted to show you as well. 21:26.450 --> 21:28.970 So this was it. This was out of bricks news. 21:29.130 --> 21:32.710 Ukraine strikes Russia's largest oil port. 21:33.280 --> 21:34.990 And we do have some footage of this. 21:42.060 --> 21:44.220 Absolutely crazy, crazy scenes. 21:45.220 --> 21:47.460 And then I wanted to show you a couple of bits 21:47.460 --> 21:49.260 I highlighted from someone's post here. 21:49.880 --> 21:51.980 So actually, this was the Russian port that was here. 21:52.240 --> 21:57.380 Process up to 1.5 million barrels of oil and oil products per day. 21:57.940 --> 22:01.000 So that's 100 million tons per year. 22:01.580 --> 22:05.020 Now, he hasn't done the calculation here, but we can do the calculation. 22:05.650 --> 22:11.720 If you think about how much has already sort of that we've lost, what is it? 22:11.840 --> 22:14.800 So 20 million barrels per day is closed. 22:15.920 --> 22:19.020 And then you add on another 1.5 million barrels. 22:19.180 --> 22:21.520 This is what I was trying to get out earlier in the stream. 22:22.520 --> 22:25.980 20 million plus another 1.5 plus all the other little things 22:25.980 --> 22:27.360 that's happening at the same time. 22:27.560 --> 22:29.900 This is really going to have another knock on effect. 22:30.020 --> 22:32.300 So it's not just the 20 million that's been closed off. 22:32.300 --> 22:35.700 If you just round it to say 2 million, because there's a couple of other things, 22:36.040 --> 22:39.060 that's another 10% of the 20 million that's been closed. 22:40.040 --> 22:42.160 This is not good at all. 22:43.260 --> 22:47.280 So what would a global fertilizer shortage look like then? 22:47.980 --> 22:49.820 Well, here's a couple of facts for you. 22:50.180 --> 22:55.960 The Strait of Hormuz closure disrupts nearly one third of the global fertilizer trade 22:55.960 --> 22:58.100 because it's not just a fertilizer itself. 22:58.160 --> 23:01.040 It's the energy input and everything else for that. 23:01.540 --> 23:07.700 Supply constraints store millions of tonnes monthly and sharply raise global prices, 23:08.060 --> 23:12.080 rising energy costs intensify, nitrogen fertilizer shortages 23:12.320 --> 23:16.240 and heightened production risks and lower fertilizer access 23:16.240 --> 23:21.260 threatens crop yields and food security across key regions. 23:22.240 --> 23:29.540 So it's roughly 30 to 35% of urea exports and 20 to 30% of ammonia exports 23:29.540 --> 23:32.340 come from the region that's currently in conflict. 23:32.700 --> 23:37.760 It's also a key exporter of sulfur, which is also heavily used in fertilizer. 23:38.900 --> 23:41.220 So this is going to have a knock on effect. 23:41.620 --> 23:45.640 But they've also stored an estimated four million tonnes 23:45.640 --> 23:49.720 of fertilizer trade per month on top of everything else. 23:50.440 --> 23:55.080 And you've got to think, it's not like energy, it's not like oil. 23:55.560 --> 23:58.460 There is no strategic fertilizer reserve. 23:59.100 --> 24:01.540 It's just not something that countries keep. 24:02.140 --> 24:06.360 It's a jit kind of supply chain just in time model. 24:06.760 --> 24:12.240 It comes in and then it almost very, very quickly turns over and goes into the soil. 24:12.580 --> 24:14.580 So this is very, very worrier. 24:15.060 --> 24:19.380 On top of this, nitrogen fertilizer relies on natural gas as a feedstock. 24:19.600 --> 24:23.000 So the rising energy prices caused by the conflict in Iran 24:23.000 --> 24:25.340 have also impacted fertilizers. 24:27.200 --> 24:28.840 So what else will we see? 24:29.500 --> 24:33.740 Well, another thing I was thinking about was how it could actually create lower crop yields. 24:34.680 --> 24:40.080 Why? Because if farmers can't get enough, as long as they're not going to plant, 24:40.560 --> 24:41.640 they're probably still going to plant. 24:41.800 --> 24:45.220 But if they haven't got enough fertilizer, well, what are you going to do? 24:45.300 --> 24:49.220 If you're a farmer, let me know in the comments, but I will let us all know what are you going to do? 24:49.740 --> 24:53.420 Are you just going to crop, plant a certain amount of your fields? 24:53.420 --> 24:58.780 Or will you just plant it anyway and then spread the fertilizer more thinly 24:58.780 --> 25:04.220 and just hope for the best and, you know, hope for a really good sunny year, as it were. 25:05.020 --> 25:07.080 I hope it will. But I don't know. 25:07.320 --> 25:10.340 I don't know. I'm not a farmer, but these are some of the concerns 25:10.340 --> 25:12.480 that I have over what's going on. 25:13.080 --> 25:17.160 But I did look up the countries that will be most exposed here. 25:18.840 --> 25:22.180 Brazil, India, Thailand, Bangladesh, 25:22.780 --> 25:27.240 Turkey, those are the sort of, you know, countries there. 25:27.580 --> 25:32.840 But then for most of my audience, Australia is going to get hit really hard. 25:33.180 --> 25:38.720 And the United States as well is going to be impacted really, really badly from this. 25:39.180 --> 25:42.880 So Australia and US viewers, really be careful. 25:43.380 --> 25:48.300 But for everybody else, you know, for those of you that are in the UK region 25:49.040 --> 25:51.920 and others, I want to just be clear on a point here. 25:52.800 --> 25:56.660 Because a lot of people are saying or messaging in and saying, 25:56.720 --> 25:59.540 you know, I'm really worried about about food. 25:59.660 --> 26:04.260 Should I be going out and just stocking up my kitchen and pantry right now? 26:04.560 --> 26:07.880 And the answer is, well, you should have some stocks anyway. 26:08.100 --> 26:10.620 You should have your emergency food supplies anyway. 26:11.820 --> 26:16.920 But no, it's not a case of there's not going to be enough food to go around. 26:17.280 --> 26:19.920 That's not really the issue because 26:20.560 --> 26:24.780 richer countries will simply buy the food at higher prices. 26:25.540 --> 26:28.860 OK, the supermarkets aren't just going to stop buying the food. 26:29.080 --> 26:32.760 It's just they're going to have to pay more and then they'll pass the costs on to you. 26:33.080 --> 26:36.020 You think about food prices back in 2019. 26:36.720 --> 26:39.300 I know some people say, you know, when are you going to make those videos again 26:39.300 --> 26:43.820 where you go to the supermarket and you do your basket and stuff like that? 26:44.640 --> 26:48.080 I'm not sure. Maybe join this crisis at this rate. 26:48.680 --> 26:49.780 But you remember those videos? 26:50.540 --> 26:54.200 Some of those things and it was a random basket of just items that I bought. 26:54.740 --> 26:57.240 Some of those things had gone up 100 percent. 26:57.660 --> 27:01.080 Some of them have now gone up 200 percent since 2019. 27:01.700 --> 27:02.840 And it's not a coincidence. 27:03.520 --> 27:05.180 All of this is interconnected. 27:06.060 --> 27:08.060 So are you going to be without food? 27:08.340 --> 27:13.460 No, but food is going to be more expensive for you to buy at the supermarket. 27:14.180 --> 27:16.660 So what are some of the things that that I do? 27:16.660 --> 27:20.160 And you probably read my newsletter on Friday, where I talked about 27:20.160 --> 27:23.200 and gave some examples and what I what I recommend. 27:23.440 --> 27:28.120 But one of the things I wrote in the newsletter was how I had a room of paper 27:28.780 --> 27:31.960 that I pulled out because I was putting some paper in my printer. 27:32.660 --> 27:37.980 And I remembered that that same room of paper cost me two pounds 27:37.980 --> 27:42.760 fifty when I bought it just before all the the covid stuff was going on. 27:43.020 --> 27:44.060 Cost me two pound fifty. 27:44.540 --> 27:50.940 I saw that exact same room of paper for six pound fifty in the same shop now. 27:51.240 --> 27:54.520 So you think two pound fifty is now six pound fifty. 27:55.160 --> 27:57.200 So think about it this way. 27:57.520 --> 28:00.480 All the things that you would use on the day by day basis that 28:01.020 --> 28:05.100 they're not going to expire like paper, papers, paper. 28:05.540 --> 28:10.420 OK, if you if you shave, you use razor blades, they're not they're not going to expire. 28:10.720 --> 28:13.460 Right. So going out and buying those things 28:13.460 --> 28:17.080 and you shampoo and you things like that is a sensible thing 28:17.080 --> 28:21.560 because if you're going to use these things anyway, 28:22.100 --> 28:26.420 then why not buy them now before you get these massive price rises or shortages 28:26.420 --> 28:30.020 of certain certain things similar with food? 28:30.020 --> 28:33.140 But you've got to bear in mind unless you're freeze drying, 28:33.360 --> 28:36.260 you know, freeze drying machine and some of the things that I do, 28:36.260 --> 28:40.680 then it's not going to it's not going to help you long, long term 28:41.260 --> 28:45.580 because. Yeah, you can buy canned goods and things like that, 28:45.580 --> 28:49.760 but you're not going to be able to buy fresh chicken and store it forever. 28:50.360 --> 28:52.220 You know, you freeze this and you got limited space. 28:52.520 --> 28:54.300 So this is the way you want to be thinking about it. 28:54.440 --> 28:59.480 So I hope this is kind of helping you with your thoughts around the food situation. 29:00.780 --> 29:05.020 It's not that there's going to be there will probably be shortages of certain foods, 29:05.760 --> 29:08.940 but it's not that there's going to be shortages and people are going to starve 29:08.940 --> 29:11.560 in in Western countries or wealthy countries. 29:12.120 --> 29:13.480 You're always going to be able to buy it. 29:13.540 --> 29:15.140 It's just going to be a higher price. 29:15.620 --> 29:17.420 So I hope that really helped with everything. 29:18.060 --> 29:20.340 Thank you again for being subscribers here. 29:20.620 --> 29:25.300 Just a reminder to check out the digital income mastery program. 29:25.660 --> 29:29.300 I'm working on it every day and recording every day as well. 29:29.740 --> 29:33.560 So it's going to be a while before the whole program is released, 29:33.560 --> 29:38.280 but gives you a great opportunity to get it now at a massive, massive discount. 29:38.280 --> 29:43.620 And then once it's all recorded, then the full retail price will apply. 29:43.880 --> 29:45.960 So thank you so much for being a subscriber here. 29:46.580 --> 29:47.800 Take care. God bless you. 29:47.920 --> 29:50.680 God bless your family through these difficult times. 29:51.040 --> 29:53.800 And I'll see you on the next video this week. 29:53.960 --> 29:54.260 Take care.