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Chapter 1: What are the current challenges in negotiations with Iran?
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Cheating on your partner is a huge breach of trust. All of the pain and the guilt and the reality of what was happening hit me just like a tidal wave all at once. Why do people cheat? And why does it make us so mad even when we're not the ones it's happening to? That's this week on Explain It To Me. New episodes Sundays wherever you get your podcasts. Today's number, 1.3 square miles.
That's the landmass of Central Park, greater than the nation state of Monaco. Ed, you guys may not know this, but Ed actually went to Princeton, and Princeton is credited with more sex research than any university in the world. I went to UCLA. At Princeton, they invented sex. At UCLA, we introduced it to women.
Chapter 2: How does Secretary Clinton view the strength of Iran's position?
That's pretty good. Yeah, this corner likes it. Some people up there don't like it. My Princeton buddies in the crowd, they don't like it either.
All right, who wants a dick joke? So the Mooch is here and he and I were at the urinal and he looks over and he's like, circumcised? And I'm like, nope, that's just the wear and tear. I love you.
Well, Scott, it's great to be here finally in New York City, the final stop on the tour. You know, at each city that we've been doing this show, we like to sort of begin the show with a little bit of data about the city, usually some economic data. So, you know, in Los Angeles, we were talking about Hollywood, and in Miami, we were talking about crypto.
So I would like to share some New York City-specific data of my own before we get into the show. So my first number to give you today, Scott, is 27. 27. That's how many years have passed since the New York Knicks last made it to the NBA Finals. Today's other number is 53. That's how many years have passed since the New York Knicks last won an NBA championship. I heard a lot of boos there.
I can't tell why that's happening, but all I can tell you, Scott, I have three words. Let's go Knicks! That's right. Scott, will you be tuning in tomorrow night?
Be honest with us, does it look like John Santa's going to bust through and I'm going to be a 650 first make a wish? Seriously, look at me right now. Look at us.
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Chapter 3: What insights does Hillary Clinton provide on the future of the Democratic Party?
You look good. No, this is what you call birth control.
Well, okay. Now that we have our pandering to the audience out of the way, now that we've gotten on your side, I hope, I'm going to launch us into our first story. Great. Okay. It's been 94 days since the US first launched strikes on Iran and the path ahead is still unclear. Iran is reportedly still reviewing the latest draft of a potential agreement with the US and has yet to issue a response.
Trump also posted on Truth Social that talks were, quote, going on. However, rhetoric from Tehran continues to harden. A senior Iranian military official said Tuesday that renewed hostilities with the US appear inevitable, adding that the Iranian nation will never surrender.
Meanwhile, the Strait of Hormuz remains effectively closed, continuing to disrupt one of the world's most important energy corridors. So, Scott... Week 13 of the war, we talked about inflation, which continues to rise. The numbers do not look great.
Chapter 4: Why are young people increasingly favoring socialism over capitalism?
The Strait remains closed. What do you make of these recent developments in Iran, and where do you see this all heading?
Well, the justification for doing this to begin with was such that Iran would never have access.
Oh my God, you do not know what you're talking about. Who's that? Also, your dick joke is old, just so you know. This is the voice of God talking to you, Scott Galloway.
I think I recognize that voice.
First of all, you cheat on me with a younger man. And I happen to be in New York. So, hey, everybody. Hey. It's okay. It's all right. The other man, the other man. So I'm actually not the surprise guest in my ongoing, that was an old joke.
Yeah, by the way, that was, and just so you know, he's a better kisser. Okay. But this is just like you. You criticize when you don't come up.
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Chapter 5: What are the implications of President Trump's insider trading activities?
That's not that helpful. Who would you have?
Yeah. Yeah, who would I have? Well, anybody but you for first.
Okay.
Because, you know, you're frequently wrong but never in doubt. But I wanted to bring you a special surprise just to show, as always, I am the top and you are the bottom. And so I programmed your very special guest, and I thought, who, who, who could I bring who knows something about Iran and about Ukraine and about the entire world?
So I would like to introduce the author of Project 2029, I hope, the most badass woman I know, someone who probably should have been president, Secretary Hillary Clinton. Thank you. All right. All right, everybody. We will now hear, actually, what's happening in Iran, and my work is done. I maintain the hegemony over Scott Galloway. Have a great time.
Thank you, Carla Swisher.
Whoa. Yeah, she asked me to meet her here. Oh, that Kara.
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Chapter 6: How are recent changes in market regulations affecting investors?
You know all about that.
Well, this is shocking, exciting. I can't really believe it, and we're so glad to have you here. Thank you for joining us. Scott, I'm going to let you bust into our first question here, and then we'll get into our conversation. Thank you so much for being with us, Secretary Clinton.
Absolutely. Glad to be with you. Yeah, welcome. So you have a lot of experience in the region. Set the table. What do you think is going on in the quote unquote war room right now? And do you think we're close to some sort of agreement?
Well, I think number one, this was so ill-conceived and even more poorly executed in terms of any outcome that is going to restrain Iran, enhance our security and our other interests, particularly our economic interests.
You know, I was stunned when reporting started coming out about conversations in the White House, because in the years I was on the Senate Armed Services Committee and I was Secretary of State, any time we talked about Iran, any kind of war game scenario that we discussed, among the very first questions was, what if they close the Strait of Hormuz? What do we do?
And then from the reporting, it sounded as though that just hadn't been really discussed or at least not brought to the highest levels of the administration. And I think now, sadly, and I really do say this with a lot of regret because this should be an American issue that we have to deal with together, not a partisan issue. I think we are in a weakened position.
I think Iran is in a stronger position than it was before we did this.
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Chapter 7: What lessons can be learned from the current economic landscape?
I actually approved of the strikes on the nuclear facilities back in June a year ago. They had a clear objective. They were carried out effectively. They didn't accomplish all that they claim, but they did accomplish enough to argue that the nuclear weapons program was set back. But now I think the Iranians are really playing a stronger hand vis-a-vis Trump. And he's kind of flummoxed.
He doesn't know what to do. I mean, on his truth socially talks about how he doesn't find it interesting pursuing these peace negotiations. He's bored by it. And, you know, when you think about the hard work of both waging war and everything that it entails and the then trying to extricate yourself from a conflict with some sort of advantage, that's really hard work, and that's not being done.
So I can't tell at this point where we're going to be in a week or two or three, but if we end up, number one, where the Iranians control the Strait of Hormuz and are actually... you know, exacting tolls from commercial shipping.
If we don't get any kind of realistic agreement, certainly not one better than the one I worked on when I worked with President Obama and started the negotiations that led to the agreement. And if we don't really have evidence that we have seriously damaged their ballistic missile and other drone capability, then what have we gained? And it just will further weaken us.
And if you're sitting in Moscow or you're sitting in Beijing and you're following this, you are, you know, just first of all, probably dumbstruck that any American president would do this because I know from my own experience that We were often urged to do it, but did not for all kinds of reasons.
And I really worry about not just what it means for the relationship in the region and specifically what Iran can continue to do, but what messages it sends to everybody else.
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Chapter 8: How can the Democratic Party improve its messaging for the midterms?
So I guess my bottom line would be that and I don't think this would happen, it would be extremely reassuring if we had a real team of negotiators who knew enough about what needed to happen with Iran and they had the patience and the discipline and could drive a very strong argument as to why Iran would suffer consequences if they didn't reach an agreement.
But Iran is not only on the ground stronger, but they're playing a really effective social media game. I don't know if you've seen their Mr. Explosive, the explosive Lego character that they are using that is all over social media. And it is just mocking us. And it's not just mocking our current president. It's mocking our country. So I would like to see a serious...
dedicated effort to try to actually get as much out of this unfortunate situation that we could right now.
But you'd have to create, if there's a deal to be had, you need leverage. Yes. How would you, what would be your strategy for coordinating with allies or economic sanctions? Let's assume that someone were to call you and say, okay, we broke it. Can you help us fix it? How does America gain the type of leverage it needs to in some way declare victory and leave, if you will?
Well, I can give you an analogy from my own experience. When I started the secret negotiations that tested whether we could negotiate with Iran, I did it through the good offices of the Omani government, the then sultan of Oman. And Oman, as you know, is on the other side of the strait. We have leverage with Oman. We have unfortunately misused it, but we have leverage.
And the other argument I made, which ended up getting a UN Security Council resolution imposing universal sanctions, was to make the case, particularly to China and to India, that there will be a price to pay if you don't help us rein in Iran. Our goal is to prevent them from ever getting a nuclear weapon arsenal.
So you have to demonstrate, you know, real allegiance to that idea because if we launch a nuclear arms race in the Middle East, that is not good for any of us. And I think that kind of tough diplomacy, none of which I heard coming out of the recent meeting that Trump had with Xi Jinping, would lead to putting together a coalition of diplomatic support for exercising leverage.
with the Gulf states, with China in a way that makes it very clear, we may have given that away, but if we could rebuild it to basically say, you know, we want to get back to free navigable waters in the strait, that's in your interest. You're the one who's buying most of that oil. You've got a way in.
You could look at this and see all the different players who have their own individual leverage and then aggregate that and begin to put it together. It doesn't happen overnight. It would be painstaking diplomacy, but it could be done if we had the right approach.
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