Hey everybody, Peter Zeihan here coming to you from the shores of Lake how we it’s the famed Dingle burn arm behind me, this is my favorite lake in New Zealand for the obvious reasons. And today we’re talking about Russia and nukes. So for those of you who have not been under a rock, the Russians have been threatened in nuclear this and that and everything since the Ukraine war started. But if you’ve looked back and look at the statements, you’ll know that sometime in mid March of last year, Putin stopped making threats. And it was only in the last couple of weeks that the Russians have said they’re moving nukes up to permanent station in Belarus, which is the first expansion of the Russian military footprint in terms of nuclear arms. Since the end of the Cold War, a lot of people are worried about that. But I think it’s best to look back before we look forward. So if you remember back to February and early March, Putin was making nuclear threats against anyone who was willing to support the Ukrainians in any way. And then he just stopped. And the way it was explained to me the last time I was in Washington, when something like this, that the ambassador was dispatched to talk to Putin, and to lay out a little bit of logic. And the idea was that if you look back to February and March, especially in January, when the Russians would have a super secret meeting with the National Security Council in a locked room, and then within hours, the transcript of those conversations would be published in Western media, the way the ambassador explained it to Putin was that the Americans had been listening to everything, every phone call every conversation, reading every email, and in doing so have a full picture of everything that Putin was personally considering and within his inner circle. And the idea was that, you know, a minor detail of this sort of espionage was that the United States knew at any given time, physically where Putin was. So if he thought he could fling a nuke into the Western Hemisphere in the first couple wouldn’t just come back and come right down his throat, he was kind of out of his mind. So he stopped making the threats, and he left it to his henchmen to do it. This new development is kind of in the same vein, putting nukes in a place doesn’t in of itself, change your military posture. And we know from some of the nuclear threats that the Russians made back in last March and April and May, is that they didn’t actually change their readiness, they were just shouting. This is kind of like that. Because if you put a nuke in another country, you need a hardened facility, you need a command and control system, you need an IT system that is absolutely hack proof. And putting that in Belarus, Belarus barely has electricity on a good day. It’s a horrible place for nuclear base. So if the Russians did transfer nukes there, they’d basically been sitting in crates surrounded by soldiers unable to be launched. So at this point, and this specific issue, the nuclear threat coming out of Russia has not actually increased. The potential risk we have here is proliferation because we know that the Russians don’t have security. And we know that the military has become really corrupt, especially when it comes to hardware and funding. So taking secure nuclear materials and transferring them to a country that’s a kleptocracy like Belarus actually raises the chance that these things might get sold on the open market. It’s not that that’s a non risk, but it’s a very, very different risk from the idea of the Russians actually physically expanding their nuclear deployment footprint. But in terms of operational readiness, there’s really no change because the Russians already have a nuclear footprint in their little enclave of Kaliningrad on the Baltic Sea, which is west of Belarus. So nothing has really changed here. The Russians are just looking for a little way to beat their chests and kind of feed the domestic nationalism machine that is keeping the government in power. This is about internal Russian politics, not international security issues, at least for now. All right, that’s it for me. Talk to you guys later.