Mr. Arnold, welcome back to the show and a little weak hiatus there for very good reasons,

but we're back. And a lot has happened over the last two weeks, sir. Yeah. A lot has happened

since I woke up this morning. Yeah, Trump. I'm kidding. Sending out true social posts,

markets moving pretty aggressively this morning. But let's take a step back and put ourselves in your mindset, in your, in your writer's seat.

You titled the newsletter, the timestamp this week, Quibono, who benefits?

You're benefiting from all this.

What's happening here?

Yeah.

I mean, it's a question that's very much on my mind.

And I hope the minds of others over the last few weeks when you've got things like the, you know, the Snip-Snap Michael Scott approach to foreign policy and how to handle what's going on in the Persian Gulf.

It's helpful to just kind of step back and try to frame it as who's actually benefiting from the different ways

that things are playing out of that could play out. And, you know, I wrote about that.

Tried to reason through a little bit of that in the timestamp this week, standing on the

shoulders of people who are much smarter than me and much better informed. Maybe we can kind of

get into that. But as just a table setting comment,

it really feels like, you know, the news letter this week was response to like, it feels very

much if you're strolling the timeline, if you're watching the clips on Meet the Press or

someone off Fox News, you know, your options for processing all this are basically like, you

know, rah-rah, we're going to destroy the most evil regime in the world, and we can't let Iran have a nuclear weapon, and you're, what are you not a patriot if you don't want that to happen? You got that. And then you've got Trump is a complete moron, and he alone is guiding every element of foreign policy and every decision that's being made. And he has no plan. he's going to get us all killed and it's it's World War III. And so, you know, sell everything and there's no hope and no strategy at all going into this. And China's going to win everything as a result. You know, the U.S. will destroy its position in the world and the China will, you know, take its place. So there's kind of like the Mark Levin approach and like the Ray Dalio approach. And that's like basically all that we have been given by the mainstream press. And I feel like there's a lot more nuance at play, which I don't pretend to be smart enough to fully reason through entirely. But that's what I was trying to maybe think through a little bit in the newsletter this week. Yeah. no i recorded with tom loongo late friday night too i think that's a little bit in the news live this week yeah no i recorded with tom luongo late

friday night too i think that's a little bit more in the middle he's got a he's got a very

specific theory that we're not going to dive into here if you want to listen to that and get the tfTC

and get it but that i think fog of war and i've consistently had to remind myself of this over the last three, four weeks is try not to make any shoot from the hip decisions or react to emotionally to the headlines, the pundant talking points or the true social posts that come out because we're truly in the fog of war. And speaking of true social, I think, just to make sure we're staying on at the task of the show,

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