00:00So basically constraining the regime on the budgetary side post fighting while adding on the blockade basically allows you to
00:08weaponize the dollar in a way that you have done damage, particularly to the above ground solid propellant ballistic missile
00:14production in Iran.
00:15And if you squeeze the resources at a time when they otherwise have budgetary issues, they have subsidy issues, it
00:21was a failed state pre-war, it was a failed state even pre-protest.
00:24Anyway, when you look at the macroeconomic indicators sliding this way, like inflation, for example, in the Islamic Republic, you
00:31maximize that, which means you maximize the damage that was done by the kinetics in the previous round of fighting.
00:36And if Iran's philosophy is, you mentioned partisan politics, if it's build back better as quickly as possible, some of
00:45you may know that bill.
00:47Are you saying that the IRGC are a bunch of Democrats?
00:50I'll let you say that, Mike.
00:52But if their philosophy is to build back better or to build back faster or to race us to build,
00:58these are the tools that actually put time on our side.
01:01Because if you marry this powerful financial architecture with what the blockade was able to do, I mean, just look
01:06at the oil exports from February, I think, to May.
01:112.1 million barrels per day, 1.15 million barrels per day, 900,000 million barrels per day.
01:16And then by the time you got to the full month of the blockade, after about a half month of
01:20the ceasefire, you had only 64,000 barrels per day.
01:23Only four ships got past the U.S. that month before we got into the month that led to the
01:27negotiations, that got into the MOU.
01:29So this will be effective.
01:30So this will be effective.
