After a brief hiatus, Doug and Matt discuss Trump's escalating rhetoric about Iran potentially nuking U.S. cities and argue the U.S. bears historical responsibility for the conflict, citing oil interests, the CIA-backed coup against Mossadegh, the Shah, and the 1979–1980 embassy crisis. Doug says Trump's actions have worsened the situation, advocates a public apology and possible indemnity to de-escalate, and predicts Trump will not complete his term due to impeachment, the 25th Amendment, assassination, or broader instability. They debate nuclear delivery realities, warn that antagonizing adversaries invites catastrophe, and frame current conflicts—Middle East shipping chokepoints, Houthi-Saudi fighting, and Russia-Ukraine maritime attacks—as kindling for World War III. They also cover French unrest, demographic and religious shifts, bond-market stress, a potential tech-bubble burst, and conclude by favoring energy and mining stocks.

00:00 Back From Hiatus

00:28 Trump Iran Nukes Talk

03:07 Why Iran Hates US

05:45 Apology Not Escalation

07:55 Trump Term Prediction

09:43 Nuclear Delivery Reality

14:33 World War Three Path

15:12 Saudi Yemen Flashpoint

20:15 Chokepoints And Shipping

26:05 Empire Bases Vulnerable

27:52 Elections And Dissidents

30:36 Islam And Instability

31:52 France Protests Breakdown

36:46 Bond Market To Collapse

39:43 Fourth Turning Theory

41:22 Worst President Forecast

43:05 Wrap Up And Investing