Global Trade This Week – August 29th, 2022
What’s going on in Global Trade this Week? Today Doug Draper of ACME Distribution and Pete Mento of Mento LLC cover:
2:00 -Chilean Rare Earth Minerals and the Need for a Bilateral Trade Agreement.
9:27 -Using a "Digital Twin" in Supply Chain Forecasting.
14:55 -Halftime https://www.washingtonpost.com/nation/2022/08/29/pumpkin-boat-world-record-nebraska/
24:00 -Nuclear Power Making a Possible Comeback?
26:25 -Military Exercises, Taiwan and Its Impact on US Imports
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Keenan Brugh 0:00
You're watching Global Trade This Week with Pete Mento and Doug Draper.
Doug Draper 0:10
I love it. Here we are another edition of global trade this week. I am your host Doug Draper. I reside to you in the intermountain west of Denver, Colorado and my co host. On the other side of the country is my good friend, Mr. Pete mento. Pete, trade this week, another edition How you doing? What the hell is inner Mountain West? What is? This is new to me, buddy. Intermountain West. Yeah. So we're kind of like not all the way to the west. We're like in or Mountain West.
Unknown Speaker 0:45
I just explained it by restating my comment. So
Pete Mento 0:51
sometimes I think that you and Keenan say things about Colorado just to force me to Google things after the show. Yeah, that's okay. Sorry. I learned something cool today. So internet was so well, you got to how is the granite gray granite state then? It's always fabulous. The air is cleaner. The people are freer. The gums are more bountiful. i This is a kooky place, man. This is
Unknown Speaker 1:18
those of you have never been to New Hampshire. Not big on rules out here. Not as I'm requesting permission. This is about as close to chaos and anarchy as you're gonna get this country but
Unknown Speaker 1:32
to get used to it, it's
Unknown Speaker 1:35
it's a it's a fascinating place to be. But I live in probably the only big city. But the farther you get from this big city, the more it turns into
Unknown Speaker 1:46
sort of a Stanley Kubrick film, the farther you get away from here. So it's it's a lot of fun. It's a lot of fun. Good. All right, Stanley Kubrick films and Intermountain West. I think that's a great way to kick this show off. So what do you got for us?
Unknown Speaker 2:03
Yeah, Topic One goes back to what seems to every couple of weeks, we got to talk about EVs man got to talk about electric vehicles. And I get to tie in global trade this week with electric vehicles. So one of the big problems you have with building electric vehicles is you have to get the rare earth minerals, and the rare minerals necessary to build the batteries. And most of the necessary materials to do that, unfortunately, for those of us on this hemisphere are in China.
Unknown Speaker 2:35
So it forces the United States and companies engaged in building, you know, these pretty cool cars to have to go over to that side of the world and have the hand beg for, that's not necessarily going to be the case anymore. So it turns out that Chile, that beautiful country that is known for being pretty progressive in the way that they deal with the United States, pretty open minded, pretty cool about working with us happens to be sitting on some of the largest deposits of rare of available, where earth minerals in the world. So not only do they have access to rare earth, minerals, they're available. Massive distinction. So for, for those of people who are watching, there's all kinds of rare earth materials all over the world. It's just hard to get to him, it's hard to access them, they can get to the chile,
Unknown Speaker 3:28
people don't want to invest in the necessary mining in Chile, until we have a free trade agreement. It's a bilateral with Chile, because right now, the trade agreements that are in place would not give them provisional duty free treatment back and forth, for not only those materials, but for the equipment necessary to get to them. Everybody wants to do it is bilateral support for it by bicameral, you know,
Unknown Speaker 3:54
democratic and conservative issue is that Harry Reid, Mitch McConnell don't want to give the necessary time on the two weeks necessary on the floor to do it, and to slowing it down. But it's just got to happen in order for this to go. So it's strange, you know, we talked so much about the necessary infrastructure to do this, how we've got a got to have the charging, nothing's going anywhere on this, until we can actually get the parts necessary to become truly independent. If you look at the way that this infrastructure bill was proposed, and what it takes for you to get a car that lives up to the tax structure. It's got to be North American made, but it's got to be made by an American company and produced in North America. So many of the EVS that we're talking about will not live up to the standards necessary. And a huge part of the cost of that comes from the battery. And this is a way to get around that so they better work this out of seeing some of the new EVs that are coming out they are pretty cool. I saw rivian For the first time ever out on the open road the other day, not my kind of truck, but I can see where the appeal is. It's beautiful. I keep seeing these
Unknown Speaker 5:00
Cyber trucks again, not my kind of thing, but I can see the appeal these new Dodge cars, pretty badass. The fact you could do a burnout him rear wheel drive, that's pretty awesome. In anytime that you can walk off the
Unknown Speaker 5:16
dealer's showroom out of the dealer showroom with a 1500 horsepower car that goes zero to 60, in less than 1.7 seconds, it was made in America, the idea that it's going to cost less than $70,000 I think for the top of the line model, and you can go out of the showroom was something not too far off of that sort of, you know, bass horsepower for like, 50 grand. That's, that's gonna have guys buying those cars again, and probably cruising up and down the main street. So I don't know, I think it's cool. I'll be the last guy, you know, probably to buy an electric car. But
Unknown Speaker 5:51
this, this Chilean trade deal has to happen in order for this to move forward. But yeah, yeah. Speaking of a really nice someone yesterday, coming over the folks in Colorado for birthday pass coming out of Winter Park was climbing, and Holland acid thing it was in my rearview mirror, and they have a very distinct headlight pattern. And it was with my wife, and I'm like, you gotta check out I was super excited. I'm like, check out this car, check out this car, check it out.
Unknown Speaker 6:17
And she was like, what it looks like a pickup truck to me. So anyway, but I like your point, my you know,
Unknown Speaker 6:26
it's kind of I've made this mentioned before the BASF BASF. We don't make the things that you buy, we make the things that you buy better.
Unknown Speaker 6:34
This is a perfect example. Right? I mean, it's all great to plug something in your garage and feel good about what you're doing for the environment. But the reality is, those components come from a lot of different places. And even with electric vehicles, is as well. So
Unknown Speaker 6:50
yeah, I think the mining is definitely something that is something that we're gonna have to continue to deal with. And I'm sure it'll develop some friction because people don't have a good concept promoting other podcasts. Pete, we've not done that recently. But on the uptime logistics podcast, I interviewed
Unknown Speaker 7:08
some folks that were involved with the Arizona mining Association, and there's so much copper, that they're mining down there. And I think the accessibility that you made mention of is key. But one of their videos is two kids in a bedroom, and they pull out the laptop and one says, a cool laptop, and then they have this video for like 45 seconds, it just reverses everything of where that where that laptop was, was, was built. So everything's in reverse. And then it goes all the way back to a copper mine in Arizona and say that laptop wouldn't exist without this rare earth material, which is exactly what you're talking about. So I think there's a lot of credence there. That's cool, man. You know, I, I was on my motorcycle not too long ago, and I was on the highway. And I move at a pretty good clip, you know, I'm probably doing 100 miles an hour to be very honest. Seriously? Yeah, I was probably going to melanoma early. And
Unknown Speaker 8:06
one of those higher I think the plan had to be maybe it wasn't I don't know, these tassels are quick, just blew past me. I saw I saw, like you said in the rearview mirror. And it was a three lane highway and I was over in the middle lane. But I got over the right hand lane, give this guy some room. And it just, it was like those moments in the Autobahn when somebody in the Lamborghini just got a pass, you know, it was probably doing easily 130 140 miles an hour. And my, my first my first thing that I realized was that's really cool. And the gear hit me was was like, I gotta get a car that fast, you know, just to play around with. But then the the gear did. And he said, I'm not going to buy a car that looks like that. I'm not I'm not going to. But now that we're at the point where Porsche is making cars that are going to have that kind of performance, and dodge is making cars and Ford's making cars, and there's going to be somebody who's going to put electric engine in a car that looks like an old Shelby. And when that happens, you know, dudes like me that drink bud heavies and smoke Marlboros and have knuckle dragging arms or they're going to go out and they're going to start buying those cars. And that's where the difference is gonna come. I'm telling you, man up. I'll be buying diesel pickup trucks and real gas Jeeps for a long, long time. Yeah. So
Unknown Speaker 9:27
Well, my first one is talking a little bit about something called a digital twin. And, basically, excuse me. So digital twins can exist in lots of different aspects of life beyond supply chain, but for those of you that may not know have heard of the term before, it's essentially a virtual kind of representation of physical things. So in this example, it'd be a virtual representation of a physical supply chain, where you can analyze and do dynamics and predict success abilities. So it's kind of like
Unknown Speaker 10:00
like a, you know a game where you can flip the switch here and turn this level there and kind of see how the supply chain would come out. Data Analytics, I guess would be the modern day version of it.
Unknown Speaker 10:10
highly complex things that nature, you can identify potential bottlenecks in your supply chain, you know, planning strategies, facilities way to play, where to place inventory, even how things are being consumed and your commodities. So it's like, you know, the traditional forecasting model, that would be the equivalent of a 1980s, fax machine, and just hyper,
Unknown Speaker 10:33
hyper lifted into into space. And I think that, that terminology, you're going to hear more and more, and I really think that there, there's some, some value in it right? With the internet of things continue to mature and how everything is going to be connected. I think digital twin will be used more and more to be predictive, analytical and make supply chain decisions happen quickly. And the reason I came up with this topic today, Pete was really I was looking at another article today that talked about the supply chain and how ports were congested and rates were going to go up. And then I looked back, and like two months ago, they were talking about rates were going to go down and volumes will continue to pressure and just the media fluctuation of what's going on in the world related supply chain is such a popular topic right now. It seems like everybody is rushing. And when I see everybody, I'm mostly talking media, you when I hopefully are rolled up into that, because we do have a pot here. And I think we're we enjoy more educational. But I think that there's so much noise out there about how things change so dramatically. And everybody wants to have the first piece of information relating to this new data point is that I think that good predictors, and good companies that are trying to figure out their supply chain are going to turn that noise level off, look at the digital twin model and really plug and play in their own specific supply chain so they can see really, how are things going to be impacted in their world, their universe and what they do for their business? Because I think there's a lot of distraction out there about what is going to happen there. What's going to happen here. And I think a digital twin is very specific to a supply chain. And if used properly, and with the technology continue to expand specifically the internet of things, I think it's going to be a very robust tool to use and really engage. So I'm a fan of digital twin. Let's see how it evolves.
Unknown Speaker 12:31
Yeah, you
Unknown Speaker 12:33
you brought up something that I I've been listening to a lot about, and that is this concept of sort of gaming things. And when I went to graduate school, one of my favorite things that I fell in love with and ended up teaching was game theory. And that is this
Unknown Speaker 12:50
this basic concept of using mathematical analysis to understand the likely outcome on as much information as was readily available. So based on all necessary
Unknown Speaker 13:03
inputs, and based on all available inputs, what is the likely outcome. So when you have a digital twin, you should be able to gain the possible outcomes, which is wonderful. We don't do a lot of it. When you when you look at the military, one of the things that they've been doing a lot of lately is taking human beings and making them do WarGames again, and saying if Russia does this in Ukraine, what's the likely outcome, you know, if there was an invasion in Miami, by the Cubans, or whatever, it's making them actually go through it. And then using machine learning and AI, to take what was done by human beings bring it to the next level. And what you're talking about here is a great opportunity. It's a fabulous opportunity to take all of those things and combine them to take all that data and do something with it. One of the saddest things about sort of the the data ification. The muddy balling of logistics, is that most of the people who are doing it don't know a god damn thing about logistics. They, they, they pull all this data from everywhere they see, see, look what I've done, can I have a gold sticker on the refrigerator, look at how brilliant I am. But they don't understand what the trends are teaching them. It's like they get on the scale. And the skill says, Hey, you're fat. But no one says well, how do I make a diet work? What's the next step? Show me how to work out. They don't have the courage to take that information and do something with it. This is where combining that brilliance of data analytics with real hardcore understandings of what goes on our industry and forcing people to really game it. And allowing those models to go through again and again and again. And trusting the process and trusting those analytics could really do our business a lot of good. I don't think anyone's taking the time to really try to do that. Try to monetize it and turn it into a real business. Somebody ought to maybe we should up
Unknown Speaker 14:54
good. Good points. All right, halftime. I love it. Yeah, of course. It's
Unknown Speaker 15:00
brought to us by CAP logistics. They're the guys Keenan. I always say push the button, turn the levers, we wouldn't be here being able to have some fun and and pontificate on what we think is right or wrong and the supply chain sort of cap logistics.com Thank you very much, please visit their website. All right, Pete, you want to go first? Sure. Yeah. You know, the things I hate the most right young people and fit people.
Unknown Speaker 15:27
Young fit people? Well,
Unknown Speaker 15:29
I've been I've been reading a lot about this quiet quitting.
Unknown Speaker 15:34
If you could read about the quiet quitting? Yeah, for sure. Yeah.
Unknown Speaker 15:39
And this idea, this concept of just saying, I'm slowly going to just do my job. And, you know, we've had a lot of chats about this. But But here's, here's what I wanted to really share with the audience today, the concept is simple. I'm just going to do what I was paid to do. From the time I paid to do it, until the time I'm not paid to do it. So when you read all these articles, Doug, that's essentially the gist. It's not, I'm going to do less than I was told to do. Instead, I'm not going to do more than I was told to do. So let's say you have an eight o'clock to five o'clock job,
Unknown Speaker 16:24
in our industry, as an example. And there are very defined things that you're supposed to do. And to do those defined things. I'm going to do them from eight o'clock to five o'clock. And after five o'clock, I'm not going to deal. In my experience. Just doing that is pretty rare. There's a lot of people in this business, that if we could just get a whole company of people to just commit to being focused and engaged. And given a damn about churning out good quality work for eight solid hours a day, you would have a top five logistics firm,
Unknown Speaker 17:06
for everybody operations sales it than at the admin HR, if everybody committed to doing their job for eight hours a day. So I would
Unknown Speaker 17:18
I would challenge these snot nose pains in the ass that are claiming that now I'm quiet quitting. What were you doing before?
Unknown Speaker 17:29
Were you really committed to working? Or were you working five hours over a 12 hour span because I do understand the idea of having demanding bosses who expect you to work beyond the times that you've agreed to work. That's not fair. If you've been told by someone that you're not supposed to be working after five o'clock that you shouldn't be working at five o'clock. And that people are being disruptive of your personal life after five o'clock, then that's something you should have a chat with them about because that is not fair. But
Unknown Speaker 18:00
that's part of the gig. That's part of the gig, baby. And you and I've been working for a long time. And the number of phones I've seen thrown across rooms, the number of personal holidays, birthdays, weddings, anniversaries, you name it, that had been utterly destroyed. Because of something that's gone wonderfully wrong in this business. I don't I can't even keep count. I can't even keep counting. I gave a seminar the day after my daughter was born.
Unknown Speaker 18:27
Because she was early. I was I was I was there the day after my daughter was born in Boston, Massachusetts, for expediters in Peabody, Massachusetts in front of 80 people giving an important compliance seminar sold out crowd because I had to do it. The number of times I had to fly fly to Hong Kong, give one speech or give one meeting get back on a plane and fly back because I had something I had to do a dozen times for Shanghai, or Amsterdam or Buenos Aires or you name it I this is not a business for the meet. Logistics is a business for people who are going to work very very very hard because the people that we do it for are giving us the money away for free. And I think that if you're going to do this business, and you're a young person who welcome you but understand our expectations are going to be very high
Unknown Speaker 19:19
I have nothing else to say to that beat because you just nailed it all
Unknown Speaker 19:24
go quiet quit like like Morgan Stanley did like Go Go by credit fidelity Don't, don't come to FedEx or UPS or like ch Robinson or like one of these. Don't quite quit a truck broker. They're gonna find you like in your car crying because you're gonna get you're gonna get fired fast truck broker isn't gonna put up with that stuff. We're in a warehouse. Why is that guy over there sitting around? We got a lot of work to do. This is not the business for that. It's just not
Unknown Speaker 19:50
agreed. Sorry. I get emotional. What do you got, man? All right. Oh, I know I have I can't wait for this. Yes, this one caught my attention literally just this morning. I'm
Unknown Speaker 20:00
Like, bingo, that is the halftime so there's this farmer. Gotta give him credit. His name is Duane Hanson. He's from Nebraska. He's been growing it his whole thing is like large pumpkins, right? He's been growing large pumpkins went to a seminar on how to grow up and he's been growing this one pumpkin for 10 years. And over the weekend, he set a world record by paddling down 41 miles of the Missouri River inside of this pumpkin growing in a pumpkin down the Missouri River, he said, a world record the previous record was like 25 miles. The fact that there's even a previous record of this thing is baffling to me. It's comical. But this guy grew a pumpkin for 10 years. Bored it out. He's literally inside of the pumpkin. He's in the pumpkin. And I know Keenan will put a link here to see this thing out. And he took you know, he probably just got a paddle from a canoe that he had or whatever from like the 80s and he's got this paddle. He's got a baseball cap on. He's got like a wife beater white t shirt on and he's just hauling ass down the down the river 41 miles. Right. And the two funny things on this one. First of all, Dwayne Hansen is a baller. I think that is phenomenal. Come up with that idea.
Unknown Speaker 21:18
The two things on this on this deal that he said is to figure out the buoyancy and where he needed to cut it, how it needed to sit that he decided to put it into a CMAT pond, which you and I would call the swimming pool to figure out the boy.
Unknown Speaker 21:33
And then Then he took it out, and then he got it out. But the funny thing, the most funny thing, and I gotta find this to read exactly this. This is crazy. He said that he wasn't sure if he could do it. Because he's never been in a pumpkin before rolling down a river. And I'm like, to when I read this whole thing, and I think you know what, as crazy as the world is, and you hear about heat, flooding, fires, craziness, the whole world, you sit here and here's this guy in Nebraska that threw himself in a pumpkin, and he just rode down the river. You know, it makes me sad. I need to move to a small town and in the Midwest and just really focus on what's important in life. But anyway, love the story. Duane Hansen, your big baller, congratulations. So here's, here's my response. Is there a Guinness Book of World record record for tandem? Two people in a pumpkin? Because if there isn't, you and I are going to grow pumpkin, and we're going to see how far we have to go. I mean, there isn't one. Just the fact that the two of us tried to row together in a giant pumpkin even if we go like 50 feet. That's the new record. So I think that we should, we should see what the record currently is. If there is one if there isn't, we need to set the record. Second of all,
Unknown Speaker 22:55
that's the Missouri River. I live above the Merrimack River. I mean, I visible from every window in my home.
Unknown Speaker 23:02
I think we should we should do something on the Merrimack River where we try to roll a pumpkin on the Merrimack River. I don't think I have 10 years to grow a pumpkin though. That's
Unknown Speaker 23:13
yeah, that is quite a feat in and of itself. Yes. I'm sure Dwayne will hook us up if we need to. I don't I don't know. But I love the idea. Different river different coasts, different everything. And we should do it.
Unknown Speaker 23:26
That I mean,
Unknown Speaker 23:28
all love and respect out to Dwayne for doing this. That's That's great. That's America right there. That's like rock and roll cruise missiles. And in the photo mat, I gotta give you the I gotta give it up to you, man. We're gonna go 2014 Keenan is going to put it up there or down below. But there'll be a link, they will definitely be a link to go check this guy out. We need to win the show. Yeah, but thank you. All right, to a cap logistics for keeping the show going. And that's it for halftime. You got it. Hi, man. Let her rip topic to topic number two. When you get to read the infrastructure bill for our our lovely Congress gave us one of the things that they did is they actually made it easier for companies to build nuclear power plants.
Unknown Speaker 24:20
This completely caught me by surprise. I listened to three different podcasts over the course of the past week that pointed this out. They're actually quietly encouraging new construction. So most of what you hear in the news right now is about you know, possibly a nuclear disaster in Ukraine.
Unknown Speaker 24:38
There's a lot of talk because of the Three Mile Island documentary that's out right now, where people are talking about our the incredible scientific strides that have been taken and safety. The fact that we simply don't have problems in this country with nuclear power,
Unknown Speaker 24:52
and that it's gotten safer and safer and safer and more and more efficient, more environmentally safe and incredibly
Unknown Speaker 25:00
Incredibly powerful over time, if we're going to rely on electricity to dry people all over the place, we're gonna have to get electricity from someplace right now in Europe, you have coal plants firing up again. And we don't need that here.
Unknown Speaker 25:16
I was watching that dope sick with me the other day. And part of it, there's people in these coal mines and like West Virginia, I mean, I know that's a financially lucrative way to make a living. But I can't imagine it's a nice one. And I don't want to live in a country where we force people to do that, or keeps people's Tesla's moving. So
Unknown Speaker 25:34
Nuclear Power Man is making a comeback. I see a real opportunity here to make electricity from it. I've spoken in the past before about electrified container vessels, this electric has to come from someplace, let's bring it from the most powerful science we have, which is splitting the atom to make electricity. The time has come done. It's time for people to understand what it means and how safe it actually is enough.
Unknown Speaker 25:57
Agreed. A lot of it. We spoke about a little bit, but it's the marketing like anything else and world you got to market it. Because things that happened decades ago, generation ago now related to Three Mile Island and Chernobyl. That's what's going to draw the headlines. But at some point, it's going to pivot and all the benefits you laid out are real. They're happening right now. And it can it can make an impact. Dare I say it, let the Navy run it, buddy?
Unknown Speaker 26:25
All right, take us home. What do you got done? All right. Well, this one, when I when I was thinking about I'm like, this is a very Pete mento asked type of topic. You know, I'm usually in trucks and trains and all kinds of other stuff. So I'm queuing this one up for some good, some good, good feedback. So I'm going to keep mine super simple. But I was just thinking, this weekend about all the military exercises and the intensified pressures and tactics that China has around around Taiwan, everybody's kind of pounding their chest a little bit. And and what does that mean, for for US imports on a very simplistic way, you know, there's uncertainty in the region.
Unknown Speaker 27:05
There's a really long runway, so to speak, as far as doing any negotiations with Taiwan to have some stability there.
Unknown Speaker 27:13
And the big picture is that we've made a commitment to say we will stand by Taiwan. So we've kind of drawn a line in the sand to some degree with Brian Biden made that when we had some of our politicians go over and beyond soil. So we kind of got this triangle of Taiwan, US, China, we're trying to negotiate with everybody at once, and nobody all at the same time. And what that means is uncertainty. And when people have uncertainty,
Unknown Speaker 27:42
they can start to panic. So I think that what's going to happen is there's going to be the equivalent of panic, panic buying to some degree, you know, the best
Unknown Speaker 27:53
thing that we've seen in the past is the toilet paper craziness. And I'm not saying there's going to be a toilet paper run out of Taiwan. But if you think about that, and same concept, when there's uncertainty, there will be panic buying. So there will be stress on the supply chain and Taiwan, whether something actually happens or not. It's the potential of something happening, positive or negative. So the forward lean on this one, Pete is we you and I made this comment years ago, pre COVID is, you better have a plan B, because sourcing in Taiwan, is going to be a little bit crazy. And if you are a company that has a tough or a tight supply chain in Taiwan, you better be hyper focused on what the plan is there, specifically. So if you have different things you're working on and your product comes and touches, or goes through Taiwan, you better focus there, or you're going to have potential problems moving forward. So it's going to continue to be a discussion right now. It's political in nature, but you're gonna see the direct implications of products and tangible things coming out of that market pretty quick. Yeah,
Unknown Speaker 28:56
it's gonna be more than quiet political to think that the whole world is watching. It's just not us. It's It's weird how everyone just slowly let it happen in Taiwan, let the semiconductor thing be so based in Taiwan, and how we allowed over decades for it to almost become not single source but but damn here, and now the United States is going to be investing billions and billions and billions and billions and billions of dollars to bring it back home. And we're hearing that best case, 10 years, maybe quicker on some of the stuff, best case about a decade. And that's why Doug,
Unknown Speaker 29:37
I'm gonna make a big prediction.
Unknown Speaker 29:40
10 years from now,
Unknown Speaker 29:43
China is going to continue to buzz around and be obnoxious,
Unknown Speaker 29:46
but they're not going to do it.
Unknown Speaker 29:49
10 years 10 years is a blink in the eyes to jump in.
Unknown Speaker 29:57
As soon as America starts its fat plants.
Unknown Speaker 30:00
soon as things start to go okay here
Unknown Speaker 30:03
we're gonna let him invade
Unknown Speaker 30:07
we're not going to say a damn thing about it right? Like there is no longer any financial strategic benefit for us with Taiwan.
Unknown Speaker 30:15
You're welcome.
Unknown Speaker 30:19
We'll just gonna
Unknown Speaker 30:22
let him in. And then we're gonna save the rest of the world who needs a new chips? We're open. We should, yeah, wow, that I had not even thought of that. And it makes a lot of sense as disheartening as it may, I can see why it would make sense. We're gonna let them invade. And if Taiwan smart, they're gonna see it coming. And they're going to work something out. And before those 10 years, they're going to come up with some kind of a treaty. And it's all going to be okay. I'm telling you, man, we're gonna let them invade. We're gonna see you no longer serve any purpose to us. Other than a political bargaining chip, strong do what they will or weak except that they must.
Unknown Speaker 31:04
Interesting. Well, when you're on a boat somewhere and I'm on a beach, you'll have to call me and not in 10 years and we'll we'll talk about it. And I'll still be working these kids are expensive. Crazy. I mean, someone's got to teach Keenan how to shave in 10 years.
Unknown Speaker 31:23
Well, and with that, that's gonna do it for another fantastic episode of global trade this week, brought to you by our great friends at CAP logistics. As always keen, it's back in the booth making it all happen. And I was fortunate enough to have my good friend Doug. And we'll see you again next week for another great episode. God, thank you so much. I can't wait for another one. I'll see you next week. Okay, thanks. Bye bye.