Topic: Scott Besant

The ongoing conflict with Iran is discussed in the context of economic "choke outs" and the targeting of Iranian oil revenue. Trump advisor Scott Besant and Commerce Secretary Howard Lutnick describe efforts to close down cash houses in Dubai and Qatar that facilitate Iranian trade in Chinese currency (RMB). The hosts critique the administration's messaging regarding service member casualties and the duration of the military engagement.

Several nations, including France and the Netherlands, are reportedly moving their gold reserves out of the United States and United Kingdom to store them domestically. This trend is linked to fears of cyberattacks or being "kicked off" the dollar-based financial system. The hosts note that Bitcoin is seeing a resurgence as an alternative asset that is harder for government officials like Scott Besant to block compared to traditional banking.

Treasury Secretary Scott Besant announced "Operation Economic Outcast," a campaign to block all Iranian oil revenue and funding for the IRGC. Besant described the move as an "economic D-Day," a comparison that draws criticism for equating financial sanctions with the bloody military invasion of Normandy.