Episode 4385： Outcry From Liberation Day; The Great Deal
Episode Stats
Summary
Trade war day finally arrives and the Dow Jones and S&P 500 hit new all-time lows as the Trump administration announced new tariffs on China and other major trading partners. Andrew Yang and Andrew Yang discuss the impact on the Dow and the markets, the potential for a full-scale trade war, and the implications for the global economy.
Transcript
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on the tariffs enough already let's just disrupt everything the president wants to do it he wants
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to hammer canada he wants to hobble mexico he's all over europe and mercedes-benz vw lambo hey
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toyota look out same with nissan china forget it jake tough luck nissan and kia see ya yep welcome
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to liberation day where america does to all of our trading partners like we did to the red coast in
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days of europe it's time to make them pay teach them a lesson don't tread on me just begun to
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fight whether you think it's good policy or bad policy it sure seems like wall street's gotten
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tired worrying about it and just says bring it on although today in some sort of weird reprieve
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the dow gained 235 points has to be advanced 0.67 percent and the nasa actually climbed 0.87 percent
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you know what that's kind of like a joke see because that was before all the announcements
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after hours and the trades after hours are painting a different picture a horrendous picture the one we
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had had dangled in front of us since election day the one that's finally here and it's every bit as
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horrible for stocks as many of us thought it could be i want to highlight something donald trump has
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argued over and over that we need to impose these tariffs because other countries have been ripping us
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off for years taking advantage of the american people the white house says the 10 percent tariffs
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are going to apply everywhere well wire and axios pointed out something really important those taxes
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include the herd and mcdonald islands you can see right here on this massive list the administration
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put out on social media but here's what you might not realize those islands they're in antarctica
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they don't produce any exports do you know why because there are not any human beings that even live
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there there is no possible way that they could be taking advantage of us on trade what we do not
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know is that the penguins who live there will retaliate that's exactly right i i do think in in prior
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periods i mean i the late jack welch whom we worked for at ge would have said something irrespective of
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of any considerations for the price of the stock or or any other issues that might have been outstanding
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we think he would have i think we had a functioning democracy yeah we did absolutely but i also think
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um in this as we've seen with with the law firms i mean the retribution is is swift and severe
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and and that you know the i i to an extent understand their reticence but to come out and
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and really ignore what the economic implications of a full-scale trade war are and what will that
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will do to the domestic and global economy which is in their own business interest as well
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is is perplexing at best global community is reacting to president trump's sweeping new tariffs
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a spokesperson for the government of france says we are ready for this war british prime minister
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keir starmer is warning nobody wins in a trade war poland's leader also issued a warning if a bit
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vague saying partnership means really and truly reciprocal tariffs australia's prime minister says
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his country will not join a race to the bottom and china's commerce ministry is pushing back
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calling the tariffs a form of quote unilateral bullying adding that protectionism is not a
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solution complaint about the harris and the by the administration was the intrusion of corporations
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they don't have an allegiance to the u.s that's that's the heart of the problem in trump's mind
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is the elite multinational corporations know no borders the money goes everywhere and the free trade
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global global globalism has been in reverse really since covet the problem is is that the direction of
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that reversal was wrong and maybe if trump had a second term instead of biden instead of vietnam and
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some of the alternate places uh that that were extracted from china during covet maybe it would have
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come to the u.s maybe that would have helped andrew's question of how long it's going to take for
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ongoing to occur i'll tell you what the structural issues of re uh jiggering trade are not going to
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be easy but in the end once again it comes to you know i was doing santelli exchanges on the end of
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globalism 10 years ago the handwriting has been on the wall ultimately if you live in the u.s or you live
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in europe or you live in china ultimately what goes on at home is very important and after world war ii
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when the united states was way up here economically and everybody else was in melting ruins we created
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this structure and the structure is outlived its usefulness in many ways and to try to tweak this
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because we're the richest country in the world for maintenance is not going to be wait wait what'd you
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say because we're the richest country in the world we came out of the pandemic faster we had better
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growth we are the most dynamic economy in the world money and much of that and much of that money we
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spent was in debt the debt was financed by foreigners some of that they enabled us just like the fed
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enabled us with those capital accounts i'm saying there is a dark side to the trade deficits in a
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different way i think than trump looks at it i look at it like it does it does underscore and underpin
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a type of financial behavior that in the long term hurts us i'm confused because if people make a
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decision to buy something from abroad isn't that part of the freedom and independence people have
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they don't make that decision they make the decision to buy what's cheap and that's the problem
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okay we're gonna make it so it's not artificially cheap anymore every day kmart low prices had a dark
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side for the american economy no but but here's my question rick what about all of the the folks in
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china and india and other places who've been buying nikes uh who've been buying starbucks who've been
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going to mcdonald's okay why does nike sell a pair of gym shoes for 200 bucks and they have to make it
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in china where they pay people peanuts it doesn't make sense from the get-go wait now you care about
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chinese workers rick build them over here okay now you care about the chinese workers people that make
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more money we have benefits we cost more to make stuff but there's a reason for that because people
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bring their they they buy something cheap and they have money to buy other things that's how it works
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rick over time you want us to go back to the horse and buggy it really that's why trump's reversing it
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because we have 37 trillion dollars worth of how it works because china is an adversary it is not a
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partner for the united states europe would make a very different argument and europe might be wondering
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this morning why they're being thrown into the same bucket as the chinese what explanation can you give
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them europe does not treat our products fairly they do not treat our companies fairly they treat
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themselves incredibly well to the detriment of the united states of america right it is time for them
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to treat us fairly and that is the point this is not it's not free and fair trade their tariffs are higher
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the non-tariff trade barriers are incredible like i'd ask you why don't they take our beef why don't they
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take our agricultural products why because they don't want them because they want to make the money
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themselves why is it okay for every other country to feel this way and it's not okay for america i tell
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you why because we were the world's piggy bank and donald trump has said our 36 trillion dollar deficit
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our 1.2 trillion dollar trade deficit 1.2 trillion dollars we buy other people's things more than we
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sell them ours it's got to be rebalanced it's a national emergency let's fix america and we can
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this is the primal scream of a dying regime pray for our enemies because we're going to medieval on
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these people you're just not got a free shot all these networks lying about the people the people
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have had a belly full of it i know you don't like hearing that i know you try to do everything the
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world to stop that but you're not going to stop it it's going to happen and where do people like that
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go to share the big line mega media i wish in my soul i wish that any of these people had a
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conscience ask yourself what is my task and what is my purpose if that answer is to save my country
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this country will be saved war room here's your host stephen k bantt
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it's a thursday 3 april in the year of the lord 2025 the morning after the brewery went morning after
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folks besides all the people running around lighting their hair on fire it's been pretty orderly
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it's a market reaction but it's certainly not the market crash it was forecasted it's it's an orderly
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sell-off of people changing their portfolio around companies that have taken advantage of the united
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states of america and countries that have taken advantage of the united states of america president
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trump don't take it from me take it from president trump just put up on true social if denver would
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be so uh kind to put this up and it's in all caps so you know this is president trump double down and
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meaning it the operation is over the patient lived in his healing the prognosis is that the patient will
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be far stronger bigger better and more resilient than ever before make america great again
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yesterday one of the most important days in american history the liberation you saw right there the
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intense of fight back and forth you also see that was it lieberman or leesman the big liberal over at
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cnbc is a complete this is the pablum put out the anti-american pablum the anti-american worker
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pablum see but they got a retreat to when he's trying to argue oh don't you want treat goods you're
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taking people's freedom away no it's they're all lies and misrepresentation running dogs of wall street
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that have stolen from this country and stolen from its people for decade after decade at the corporatist
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and the sociopathic overlords have ripped off this country and as trump says he doesn't blame the
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foreigners if you if you're going to have people here running your institutions that allow you to
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rip off the nation rip it off competing nations not there to be your buddies your friends folks the
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reason i say was stave is now two percent three percent oh my gosh people are saying we just went to
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economic war with china you understand those tariffs with china where she right now is with that
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economy being so fragile because once again they've papered over problems and the great rick santelli
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remember rick santelli rick santelli started the tea party movement when he had that amazing rant
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i think in march of 2009 when they first started the bailouts obama first started the bailouts
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the tea party the folks you know the the michael patrick lahe's and the jenny beth martin's
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and others that were just kind of around the kind of the jim hall set on st louis they they they pulled
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together rallies off of his off of his uh rant rallies on april 15th of 2009 on on tax day
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right there santelli's beating him back said hey this has been 30 40 50 years you have to look at two
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deficits and they're inextricably linked as much as my brothers on wall street don't want to admit this
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these are inextricably linked you have 37 trillion dollars face amount of debt folks the um contingent
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liabilities that you have remember your full faith and credit of the united states of america backing up
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that greenback that dollar the contingent liabilities are over 100 trillion dollars that thing's so
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overwhelming i don't even get into it with you let's let's take the face amount of the 37 trillion
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which has exploded right it has exploded things have been 16 trillion dollars of debt
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and the top one percent keep aggregating their wealth i think in the last six months 4.4 trillion
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dollars has accumulated to the top one percent greater than the entire bottom 50 the united states
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you can't that's a system that's not sustainable the trade deficit i think the 1.2 trillion this year
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record trade deficit every month leading up to this the trade deficit i think the aggregate
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spencer morris said last time we're talking morrison talk last night i think it's 25 trillion dollars
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maybe higher than that that is the amount of resources we have paid other countries to bring
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consumer products into here but that means your money's going out overseas and not saying in the
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country and wall street oh the money's fungible services just good no you're all wrong you're just wrong
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you have 37 trillion dollars face amount of debt they're running two trillion dollar deficits every
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year we have a 1.2 trillion dollar trade deficit we have 25 trillion dollars aggregate
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think trade deficit we've hollowed out the country and yesterday an individual a guy from queens that
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made his money in real estate and then became a media star the blue-collar billionaire
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stepped out in the rose garden upon as lincoln would say thrusted upon the world stage and said
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guess what there is a new sheriff in town and we're going to restructure this entire thing
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you're no longer going to rip off american workers in the american working class the american middle class
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trump promised to put you in the room remember in washington dc not in the room not in the deal
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well yesterday more than even the creditors committee he put you at the head of the operators
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committee the operations committee this president trump said this morning operation went fine patients
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doing okay short break you don't go out and buy a life jacket when the boat is already sinking and you
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don't buy gold when the economy has already collapsed clearly others are heeding this advice as gold hit an
00:15:10.960
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00:16:07.780
your financial future today with gold have trade surpluses and we didn't have a fed that left
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rates at zero maybe the pain of overspending would hit home much sooner rick if you don't have
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the but if you don't have the trade deficit then you won't and everything gets manufactured here
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you're not going to collect the revenue that you want i think from those tariffs i think trump would
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be happy with that i think the people who used to talk about economic freedom are suddenly talking
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about something a little different that that there was a time when i've never talked about economic
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freedom i talked about i've never been a fan of globalism never but you're a fan of the government
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telling us where and how we can buy and how much we ought to pay for it and what kind of industries
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business ought to do and where apple ought to source it that's what you're in favor of call it back i
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can't take leasman this is this is this is this is the running dogs for the gold globalists all
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sudden they're so interested in freedom for the first guy that said no if the terror if they bring
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the factories here we manufacture here no you're not going to get tariffs hello but you're going
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to get taxes this is not that hard guys you work it is supposedly the biggest most sophisticated
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business channel in the world you ought to learn something leasman's just a big mouth liberal
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there all the time a trump hater doesn't know anything total airhead and the great rick santelli
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think what rick santelli has put up every day over there santelli telling the truth just like he
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talked to power and started the tea party revolution santelli is a major major player in this because
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and the globalists hey look it's a declaration of economic war against the ccp yesterday but those
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tariffs that will break china they can't have that you're going to see every nation on earth running
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to the oval office zuckerberg yesterday on suits that president trump started in first term to break
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the oligarchs and the democrats didn't have the back alina khan or any of the antitrust people they
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put in his window dressing these people were hammers but remember the progressive regime of
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biden really in obama didn't have their back president trump is two weeks away from the trial
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as mike davis said last night zuckerberg's in the in the oval office begging for mercy reporting i think
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a politico saying the staff over there is getting tired of it the intense pressure being put by by
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facebook and by people all over town to ease up that's the exact same thing you're going to see
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here every day for president trump now for the next couple years going to be a negotiation
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matt boyle i think said it best uh you know i'm a maximalist when it comes to reciprocity
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the reciprocal tariffs because i think trump thought the idea up i thought it was brilliant nobody thought
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it up beforehand he conceived this years ago he wanted to do in the first term
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but yesterday was far better it's not a maximalist approach it's kind of the the wisdom of solomon
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he didn't quite split the baby he went more to the reciprocity side than to the tiered 20 percent but it was
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it's a beautiful thing the market reaction no matter what msnbc is saying is orderly because like
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when you say the stock market's up the stock market's up it's it's the mag seven it's seven tech stocks
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that have been kind of hyped and have had no antitrust these oligarchs have no antitrust been hyped on ai
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then looking for the public to start paying for the data centers
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you know another bailout of the of the wealthy of the oligarchs
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and they've been they've taken advantage of this trade situation guess what that's over
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trump threw down hard yesterday the europeans are in shock
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that's when we started with kramer the cold open start with kramer because at the end of market yesterday
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i kept telling people they don't believe they don't believe trump there was really no market activity
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the dow finished up 200 points when it closed at four o'clock
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but then trump magnificently walked out there folks if if you're a trump supporter
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if you've been with president trump and even those are just now coming aboard
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we love you too right we love converts um yesterday was so magnificent and the stagecraft was so perfect
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his speech was so incredible he had full command like you want an executive to have full command
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of the issue how it was going to be presented to make it accessible to the american people
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and i often say this i was i was concerned that there wasn't enough rollout part of that they had not
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finally decided but it was not enough rollout beforehand
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understanding that president trump knows mass communications
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and he is a mcclellan's figure i kind of got it
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a few minutes into his speech he held no leaks no no no going out on cnbc and giving a heads up
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they gave a media they gave a media at three o'clock a tee up to the media but nothing could lead close hold
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uh for the so the media could start thinking it through and people were like in gasping
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he wanted the world to know and to see in his own voice in his own cadence in his own thought processes
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because he's reordering the world's economic system
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the victory in world war ii and us being the arsenal of democracy
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we're going to bring because russia was exempted and we're doing this rush push mount with russia
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we've gone to war with the ccp really to free laobai jing
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i think what you're seeing folks and what's going to play with the next couple years we're actually ending world war ii
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surrender of the governments in the military of the fascists in italy in the imperial japanese in tokyo and of course the nazis in berlin
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and that's where we had the cold war immediately with our who'd been our biggest ally during the war the bolsheviks under stalin
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1989 at tanneman square in the fall of the berlin wall
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and then when the people in those two countries had had enough of it
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and president reagan obviously the victory you know pushing the evil empire when they collapsed and cratered
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kicked into the elites in america set up had already set up a globalist
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system this is why in 70 uh you know for we talked about spencer morrison yesterday the first time we had a trade deficit
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going off the gold standard the arab oil embargo
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all of it happened in the early 70s that whole decade
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and so instead of taking out the chinese communist party we emboldened them
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to the detriment of laobai jing this was the bush this was scowcroft this is the the neoliberal neocons in the bush
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really the west led by western europe tried to just go and steal everything of the russian people
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used to come to our offices in beverly hills oh you can buy the greatest studio in the world for
00:24:34.860
five cents on the dollar i said no no meeting you're out of here and they go why i go because
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one day the russian people are gonna sit there and go hey who are these foreigners that stole
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our assets and that's what happened a couple years later the kgb took over the kgb runs it today
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and the chinese communist party is stronger than ever
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what president trump is really doing is saying that post-war international rules-based order
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eventually got to gut it set up a globalist system
00:25:01.920
that was predicated upon the working men and women in the united states
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for them to supply the cannon fodder of their sons and daughters
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to be spread out all of hell's half acre in these forever wars but also to pay the price economically
00:25:16.640
and to make sure all the high value added jobs that had been here during our rise to power
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would be shipped overseas to work essentially at slave labor throughout the rest of the world
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while you suffered here and had to work a couple of jobs or
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got a job in a mcdonald's or i don't know was it 18 million
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men are out of the workforce because of no high value manufacturing jobs that's what he's trying to bring
00:25:39.900
back that's the whole package that's what this is about jack basobic last night told me it's
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called it should be called the great deal the great deal he's made a compact with the american
00:25:53.280
people that i will put america first and i will put american citizens first he says something very
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powerful yesterday whether republicans or democrats these individuals thought they were president of the
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world you're not president of the world you're president of the united states of america
00:26:09.780
and you're the leader of the american people so with all the complexity and everything they're
00:26:15.920
trying to throw at you and steve the steve leismans of the world and all this bs they're trying to
00:26:19.620
throw out this is quite simple we're not going to get ripped off by a bunch of elites in these
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countries that we underwrite that we are upside down on commerce upside down on trade because they
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hinder our trade with non-trade bearers and tariffs at the same time that you're paying and underwriting
00:26:37.360
their defense it's over and of course they're going to be upset about it of course they're
00:26:43.260
going to be pulling their head about of course they're going to be cursing trump and cursing
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trump's reactionary followers of course they're going to do that i wouldn't expect them to do anything
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else but they've been out it we're not paying for your defense anymore and we're not going to let
00:26:56.780
you steal from us of what you've been doing and you're going to have all kind of complicated
00:27:01.320
well it basically that's what it is and trump yesterday walked out in that magnificent backdrop
00:27:07.800
of the oval office but festooned with the american flag just amazingly beautiful great stagecraft there
00:27:14.280
guys in the oval office and overcast and i think slightly chilly day
00:27:18.400
liberation day one of the most important days in american history it'll be the national holiday
00:27:27.860
reminding and remembering people about president trump long after he's gone decades from now it won't
00:27:35.060
be his birthday it'll be april 2nd when he stepped on the world stage and told the globalists your game
00:27:42.200
is up it's over i hereby decree that we're going to have a different deal a great deal a great deal for
00:27:52.020
the american people and guess what it'll work out for you too after some period of adjustment
00:27:56.400
incredible absolutely breathtakingly incredible short break
00:28:06.280
what if you had the brightest mind in the war room delivering critical financial research every
00:28:17.780
month steve bannon here war room listeners know jim rickards i love this guy he's our wise man a
00:28:24.380
former cia pentagon and white house advisor with an unmatched grasp of geopolitics and capital markets
00:28:30.460
jim predicted trump's electoral college victory exactly 312 to 226 down to the actual number itself
00:28:39.620
now he's issuing a dire warning about april 11th a moment that could define trump's presidency
00:28:45.760
in your financial future his latest book money gpt exposes how ai is setting the stage for financial
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now war room members get a free copy of money gpt when they sign up for strategic intelligence this is
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go to rickardswarroom.com that's all one word rickards war room records with an s go now and claim your free book
00:29:21.380
that's rickardswarroom.com do it today here's your host stephen k man
00:29:28.300
market's down 1400 points i think it's three percent but it's orderly i know it's not a meltdown because gold's down a little bit
00:29:38.840
gold's at 31 30 a guy said today about gold and of course you know i didn't get my financial times
00:29:46.940
today delivered we got everything else we got the you know trump rolls out vast arsenal vast arsenal on
00:29:54.580
global on global tariffs from the new york times you got that's a beautiful shot too by the way over
00:30:00.040
president trump's shoulder into the crowd that was there and you see the cabinet in the first row
00:30:05.560
really magnificent about how they set that up yesterday this is this is one a posto loves
00:30:10.700
and now that meme is president trump like moses those are the reciprocal tariffs right
00:30:17.720
by country posto yesterday why is my president holding his charts he loves his charts those are like
00:30:24.300
the tablets that moses brought down trump slaps broad tariffs on imports then they got editorials
00:30:30.120
hating on it gold's down a little bit that means you show it's not a meltdown
00:30:34.440
it's not a meltdown president what did president trump said the the the patient came through the
00:30:40.740
operation there's a long way to go on this folks long way to go but gold's down otherwise of gold if
00:30:48.020
they had all been a flight into gold and the markers down 10 and look all that could happen
00:30:53.000
stay by day but i think they're realizing that trump trump means what he says when he says he's going
00:31:02.160
to close the border he's going to close the border when he says he's going to deport people he's going
00:31:07.100
to deport people when he says he's going to take on these judges about judicial supremacy he's going
00:31:12.080
to do it when he's going to break the law firms he's going to do it when he's
00:31:19.080
going to take on these universities he's going to do it i can go on and on and on and on when donald
00:31:27.180
john trump says he's going to do something he's not just spouting off they treat it like he's
00:31:31.360
spouting off since he came on the scene let's say in 14 or 15 so what we're 10 years into this a
00:31:37.340
decade into this they still don't understand anything about him they don't give him the
00:31:42.300
common decency or courtesy of actually trying to understand what he says what it means and
00:31:47.640
how it all fits together because it all fits together quite brilliantly and the european
00:31:53.680
elites just thought they could outlast him i thought hey the americans you know all the guys
00:31:58.840
in msnbc they're there the atlantic council they're all being our side the party of davis
00:32:04.320
just got to wait this out now they're now they're in bad shape they're not going to be under not
00:32:10.000
having the defense paid for by you and your kids and they're not going to let them rip them off on
00:32:16.140
trade sorry not sorry european elites are in for a very bad rum i i don't know you think a couple
00:32:25.240
of those governments could be overthrown by the populist right in elections uh let me think
00:32:29.660
thinking thinking thinking yeah i think so because they've been exposed for exactly what they were
00:32:37.220
remember all those governments are just kind of follow-ons from the aristocracy
00:32:41.500
that really didn't take you get that get taken out in world war one and i'm about as big an
00:32:48.220
anti-monarchist as you can get i think aristocracies throughout history have proved proven time and
00:32:54.620
time again just to be for their own self-interest and not for the interest of the people not for
00:33:00.300
the interest of their nations and certainly not in the interest of god although they cover that up
00:33:05.460
and had a lot of um you know a lot of symbolism associated that but not real meaning not real impact
00:33:11.320
not real actions so that's what you're saying that's what europe is just a it's just a monarchist
00:33:16.680
reactionary to the sovereign will of the people and trump finally said like rick santelli we're we're
00:33:25.460
not a piggy bank anymore this is why we had this massive debt this is why we had this massive trade
00:33:32.160
deficit and their industry could be linked and trump's saying enough now we're gonna have to get in some
00:33:37.120
very gnarly political things about the one big beautiful bill and all that particularly if there's
00:33:43.380
not real cuts in spending and particularly if there's not i don't know if you can't gap it i don't know why
00:33:50.400
we're cutting taxes or extending tax cuts for the wealthy i don't get that i just don't see the math
00:33:57.740
elon musk again the other day i think yesterday again reiterated one trillion dollars in cuts coming
00:34:05.780
out of doge brother if you do that we we will we will say there's a national holiday should be named
00:34:12.680
after you but so far i'm not seeing it you have some programmatic things like usaid but that's people
00:34:19.740
worked on forever that's not waste fraud and abuse that is programmatically should have been shut down
00:34:24.940
elon crane's people try to shut down a couple years ago but establishment republicans the controlled
00:34:29.240
opposition of the republican party kept it in there that's what trump's in in a bold stroke is throwing
00:34:35.120
away yesterday how many republicans how many republicans came to the ramparts yesterday and said how
00:34:42.840
magnificent this was in the senate in the senate the libertarian rand paul who i i i really love i love
00:34:51.080
rand paul but him but mcconnell what collins the senator from alaska the democrat senator of alaska
00:34:59.300
that's sitting in a republican seat they voted and so they have a resolution in the senate that the
00:35:05.580
emergency measures over and you can't do the tariffs with canada that's how much support you've got
00:35:11.300
from and there's another 30 republicans who would love to vote for that but they understand they're
00:35:15.620
afraid of you they're afraid of the trump voter they don't support us they don't you have not purged that
00:35:22.440
that's another issue for another day trump is essentially one man alone he's got supporters you
00:35:31.500
see lutnik's trying to get up to speed in some moments he's got some real brilliance in what he says
00:35:36.920
and there's other moments that is are suboptimal you've got scott besson scott besson's doing his
00:35:45.020
duties he's trying to keep the capital markets from imploding right scott's got his task and purpose
00:35:51.020
navarra's out breathing fire as he should and president trump came down harder on reciprocity than i thought
00:35:58.480
he would he landed to the reciprocity side and he did it was a magnificent explanation
00:36:03.060
and putting the charts up and now they're all saying the numbers are all wrong the numbers are
00:36:07.080
wrong well hey you calculate your numbers we'll calculate ours do you have your formula we have
00:36:14.060
but you can see by the reaction i'll tell you what you didn't get a real reaction the reaction you got
00:36:22.000
in china this happened the day before so you had the stock market yesterday that what didn't react that
00:36:27.020
badly right i said well you know you got the chinese navy that's now showing new aircraft carriers and
00:36:34.160
they got you know these uh these exercises off taiwan i think that's their equivalent of the market
00:36:39.560
kind of being down before you announced that they knew what was coming the ccp i think was
00:36:45.140
more ahead of this than um was was ahead of this much more than the stock market they understood
00:36:53.540
something was coming i'm not sure they realized it was economic warfare flat out which i'm digging
00:37:00.780
because i don't know at the current tariff structure he's got in the breaking non-tariff barriers let me
00:37:06.500
be blunt the chinese and they will be up at 11 with day brett the chinese county's party can't exist
00:37:12.120
it will implode can't they understand they're the you haven't seen them whining as much everybody else i
00:37:19.260
think they're behind scenes he's on it plotting on hey do we make a move in taiwan or not we got to
00:37:25.860
take it now because this guy's a madman he's much worse you know people used to say nixon's a madman
00:37:32.780
this guy really is because he'll take action uh gold i've never said this on the show but i've said
00:37:38.660
on bloomberg today and i'll have to repeat i'll get the clip go uh go take bannon your phone b-a-n-n-o-i-9-8-9-8-9-8-9-8-9-8 you get the
00:37:48.440
brochure the ultimate guide for investing in gold in the era trump from birch gold he gets to talk to
00:37:55.200
birch gold clearly they're converging forces in the restructuring of the global economy
00:38:01.120
that will have implications of gold as a hedge in a store of value but when the top analyst was on
00:38:06.840
bloomberg they had him in for an entire hour to go through the whole trade thing really brilliant guy
00:38:11.020
didn't agree with everything he said but had a really smart way of looking at credit markets and
00:38:15.640
equity markets in the bond market and he said hey look gold's an interesting asset he said
00:38:21.580
he says we track gold very closely it's outperformed the s&p 500 over the last 25 years hello
00:38:29.680
full stop his words i'll get the clip mark gold has outperformed the s&p
00:38:35.880
500 which is actually a better indicator of american industry it does include the banks
00:38:41.880
it's the s&p 400 is the best but the 500 is the american economy better than the dow jones
00:38:46.700
over the last 25 years now more than ever you need to understand not the price of gold you need to
00:38:53.880
understand the forces driving gold as a hedge in a store of value because folks it's going to be
00:38:59.220
turbulent never promised you a rose garden on this promise you we would deliver it from the rose
00:39:05.580
garden how's that for how's that for a a a land that land that um but go check out gold and most
00:39:16.080
importantly get to know philip patrick and team and why they recommend physical gold now more than
00:39:20.680
ever just do that also records more than ever if you like this stuff if you're attracted to this
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and want to learn more and particularly if you haven't had the chance or the opportunity to get
00:39:30.340
college education or postgraduate education a lot of people just had to go to work
00:39:35.480
my parents were high school grads one of their things was make sure all five of their kids went
00:39:40.540
to college and they succeeded in that but i think my sister my older sister first kid in the expanded
00:39:45.880
clan they graduated from college so if you hadn't had those opportunities or even if you did and you
00:39:52.460
kind of partied through it records of strategic intelligence a great newsletter will keep you up to
00:39:58.360
speed and i think reinforce a lot of what you hear in the war room in a little more depth because
00:40:02.960
you can take topics and go in depth records war room.com strategic intelligence and he throws in a
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free book on money and ai that is um we'll get your attention okay we'll get your attention
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and last but not least home title lock now we need you at the ramparts a lot of work people are
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talking about what happened in wisconsin what happened in florida understanding that it's about
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low propensity voters in the war room posse who pulled out a massive win breitbart
00:40:27.520
matt boyle and warren posse have gotten all the kudos for pulling out the victory that looks like
00:40:33.620
it was going to be a defeat in florida six so we don't need you worried about your title remember
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right now particularly where the economy is 80 or 90 your net worth is tied up
00:40:43.160
in home sweet home and the only thing you get you've got to prove that even if you're living there
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is the title to your home don't anybody get to it the triple main dial triple lock protection 24
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our coverage in the middle of the night they will alert you if anybody's messing with your title
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and if all else fails to have a million dollar restoration project including lawyers talk to
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natalie dominguez and the team today steve 25 home title lock.com steve 25 do it today
00:41:11.180
do i have ben harnwell ben harnwell this is one of the most i'm so waiting for this
00:41:16.520
your your your uh focus on the european capitals their response to america's liberation day sir
00:41:24.540
morning steve well let me invite you therefore to get your bucket of popcorn ready as i read
00:41:31.940
through the meltdown here across the european capitals let's start off with war room favorite
00:41:36.900
ursula von der leyen president of the european commission unelected president of the european
00:41:42.940
politburo she said that these terrorists were a major blow to the world economy america's great
00:41:49.760
friend china the commerce ministry said that there are no winners in trade wars there's no way out
00:41:55.920
um and then there's lots of other hypocritical platitudes which follow kirstama now i happen to think
00:42:05.680
that the brits have been unfairly treated on this but uh kirstama says that nobody wins in a trade war
00:42:11.480
we have a fair and balanced trade relationship with the u.s um nonetheless i will only strike a deal
00:42:18.860
um if there's a national interest why i say that i think the uk has been unfairly treated steve is
00:42:25.880
simply the reason that america had a trade surplus with with the u.s uh with america had a trade
00:42:32.620
surplus with the uk not a trade deficit um and the whole the whole the whole uh mathematical
00:42:39.340
arithmetical calculation behind these reciprocal tariffs was based on the trade deficit that the
00:42:46.420
u.s holds with other countries you had you sold more to the uk than you bought um yeah i just do
00:42:53.340
germany ben ben hang on a second that's because the uk doesn't make anything they abandoned just hang
00:42:57.500
over a second take a short commercial break ben harnwell's with me dave brad's going to join
00:43:02.100
dr thayer we're going to go around the world on the morning after liberation day
00:43:12.440
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of service do it today here's your host stephen k bannon a historic day it's the morning after and um
00:45:01.720
the world ain't melting down the rhetoric's a lot higher than the market moves
00:45:07.500
the market is going to move no doubt about that but you're seeing a reorientation a restructuring
00:45:14.660
of the world's economy so the american people are not it doesn't rest all on your shoulders and you're
00:45:20.020
not getting the benefits you're not getting the benefits you have to scramble for everything
00:45:26.820
you've got you're worried non-stop if you're in your 20s and 30s you worry non-stop about what
00:45:32.700
happens when i hit my 60s can i ever retire can i be like my parents or my grandparents i guess not
00:45:38.740
so much for your parents because your parents aren't retiring either that's all gonna be done away with how
00:45:43.060
do you how do you how is the system that creates so much wealth in the world rest upon the shoulders of
00:45:47.960
the working class and middle class in this country and they're not in on the deal if you're in the
00:45:53.280
middle class you get a taste you get your beak wet you get your beak wet but ask yourself
00:45:58.900
you get restructured out of that job and the corporations don't care at all you get restructured
00:46:04.120
out of that job tell me where you're on 100 days how you feeling how you looking you're nervous this
00:46:10.060
anxiety hangs over everybody shouldn't have why why do we have that anxiety in the united states of
00:46:15.120
america if the whole system rests on your shoulder why are you anxious shouldn't you say yeah rest on
00:46:22.060
my shoulders but i'm feeling good because i know you know we we create the value here we're the
00:46:27.220
foundational element so we get we get we get a piece of the action no that's not what happens
00:46:32.280
you get the exact opposite that's what trump's doing it's very basic you're now going to get a piece
00:46:38.620
of the action and you're not a freeloader you're not asking this for free what are we asking for
00:46:44.120
bring manufacturing jobs back so people can work long hours and productive jobs that they love and
00:46:50.060
they're happy with they feel they're fulfilled and they know they've got a future for themselves and
00:46:55.000
their families not a big ask is it for a country that's created more wealth than anywhere in the
00:47:00.780
world that's freed more people that have more debt and more foreign battlefields that bailed the
00:47:04.960
freaking europeans out time and time and time again when they get in their messes we got to go
00:47:10.700
back countries that kicked us all out think about that they kicked every one of your parents out
00:47:16.460
virtually grandparents great-grandparents you hear them pining for the old country not so much
00:47:23.040
because in the old country they got screwed so they'd rather come here you ever been across the
00:47:29.160
american west and think about my god what must have been their life to do this think about it
00:47:37.700
and they're going to sit there and their great-grandchildren will be taken advantage of by the
00:47:43.180
same elites running europe and they want to be bailed again and today they're whining screw you
00:47:47.140
don't want to hear you whining we're not bailing you out anymore militarily and we're not going to
00:47:52.940
bail you out economically oh by the way let me add as a side note zelinski's making a big deal and
00:47:57.480
and harnwell's going to talk to you in the next hour if brad gets him in about the trump advisors
00:48:03.140
now realize they're being sucked into our morass because they're dealing with the ukraine screw
00:48:07.480
the ukrainian leadership i don't care what they have to say or what they want either sign the
00:48:11.940
economic deal or don't we don't want it signed we'd love to walk away but sign it today as is or walk
00:48:17.080
away just like in europe don't sit there and tell me you're great we're great allies you're not great
00:48:23.380
allies we've bailed you out every time of messes that you got in because you're elite leadership
00:48:29.820
because of what you got into and now we got to face the chinese communist party which you're going
00:48:36.320
to rub up the other day people saying well on the university professors these guys getting laid
00:48:40.800
in the box so we'll just get we'll just get research money for the from the chinese communist
00:48:44.620
party try i dare you i'm hearing this from these research they're going to cuss off the ivy league
00:48:49.400
schools of the state land grand ivies bannon's big talk we'll get it from the chinese yeah you
00:48:53.380
will we'll throw you in freaking prison you're going to trade with the enemy big talk shows you
00:48:59.380
how much they love this country right let's just do it all and let's have a great unmasking let's see
00:49:05.200
who's with us and who's against us that's what this is about anybody supporting trump's on our side
00:49:11.620
of the football including you had all the union folks there yesterday that back trump
00:49:16.200
uaw uaw and others let's have a great unmasking right now just like in the pandemic was kind of
00:49:25.140
a preamble the great reset and build back better hey we're building back better here we got a plan
00:49:30.920
we're building back better don't like it leave here's how much empathy i have with you none
00:49:37.100
the credential class and here the msnbc whining and oh the consumer prices are going to go up and
00:49:45.600
stocks are fun when the hell did you ever care about capitalism of stocks the billionaires that
00:49:50.440
own you do but you're just puppets and your phony cosplay populism aoc and bernie sanders bernie
00:49:59.980
sanders hapless old man new order of bernie bros you guys going to the big things you're losers
00:50:06.040
you're backing a loser who didn't take on the clintons the two times he had him and ain't gonna
00:50:11.840
take him on again and trust me he's thinking about running he sees those crowds he's all juiced up
00:50:16.980
he's sitting there going i'm 83 i'll be 86 when i run how can i do that but he loves it he loves it
00:50:22.560
it's because it's all about him it's all about him it's all about him that's when nothing happened
00:50:29.840
listen to the speech there's no populism in there some hapless old man wandering around
00:50:34.340
aoc she doesn't know what she's doing that's all cosplay what trump gave you is the real deal
00:50:42.860
guess what we're going to bring manufacturing jobs back here and trump says it's very simple
00:50:48.160
make it here you don't have to pay him stop whining you got a thing making the united states
00:50:52.520
america what's so bad about that pretty good country pretty good workers pretty good folks
00:50:55.680
pretty good system you got leasman and the other guy on there well hold it if it all comes here
00:51:02.480
how are you going how do you not have your tariff money it's called taxes you moron you moron
00:51:07.860
this is why i don't take cnbc seriously i take certain people there seriously like rick santelli
00:51:14.420
i can't take it seriously it's the msnbc of finance and business
00:51:21.580
president trump stepped out onto the world stage yesterday just like lincoln said when you're
00:51:29.520
thrust out onto the world stage you know what he said he threw down hard he said the day of ripping
00:51:36.280
off the united states of america the day of you taking advantage
00:51:41.720
in destroying american workers is over why do you think the union guys were standing up and applauding
00:51:49.140
and don't you find that ironic that msnbc and the new york times all these progressives and they're
00:51:54.720
so worried about the people they're sitting there's running dogs for the wall street crowd barking
00:52:00.880
snipping at president trump's heels and the workers in the rose garden were they ever invited the rose
00:52:07.920
garden in biden's regime or obama's i don't remember seeing a lot of hard hats around there coming up to
00:52:12.300
the microphone throwing down i missed that the right stuff takes us out
00:52:18.700
bratt harnwell thayer that's a cast of characters the great dave bratt short commercial break
00:52:29.500
i didn't even play my gold i'm gonna hold that i got the i pulled the gold thing for this morning
00:52:35.140
never played this play tonight this afternoon in the afternoon show short commercial break i think a
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minute 90 seconds back for hour two in the world
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every year year in and year out heart disease builds over time hypertension high blood pressure
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bad cholesterol diabetes all of it affects our heart a healthy heart is key to being energetic as we get
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older it is never too early to take care of your heart you see heart disease sneaks up on us you can
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start in your 30s and when this happens you're at serious risk by the time you turn 60 if you want
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