We start today's double podcast assessing US intelligence statements with respect to China, Russia and Iran. It gives a clear indication of their current thinking and why they largely remain oblivious to the realities of what is happening on the ground. We also contrast their thinking with that of recent statements made regarding Pentagon cooperation with Beijing. We then move onto the subject of shipbuilding, both commercial and militarily, to highlight the extent of China's growth in this sector and why the US has been left floundering in the process. We conclude by assessing recent comments by the former Chief Exec of Intel with respect to semiconductors and AI technology.