Louder with Crowder - 🔴 Black Monday: Trump's Tariffs are Causing Global Panic - But Should They?

00:00:00.000 Here we go.

00:01:53.000 Welcome to the lineup.

00:01:54.000 There was a Freddie Mercury conversation right before you came in here, and I apologize.

00:01:58.000 We just needed to have, we needed a palate cleanse from discussing tariffs, which we will be discussing today.

00:02:03.000 But welcome, Bongino Army. 0.94

00:02:05.000 Welcome, Vince viewers, which, of course, actually in, well, not necessarily Latin, but if you go to any of the romance languages in Italian as it exists today, it means nothing really matters.

00:02:17.000 Or Freddie Mercury's final words, which were, ah, no.

00:02:24.000 My question to you before, we're going to talk about the tariffs today, okay?

00:02:27.000 The fallout of the tariffs, the protests.

00:02:29.000 How to discuss this and how not to discuss it if you are a broadcast personality, because I know that people are scared, I know there's uncertainty, and I know that people, you know, are going through some actual pain.

00:02:40.000 I don't want to be dismissive of that.

00:02:41.000 I also don't necessarily know that the panic is warranted at this point.

00:02:45.000 Just look at the market this morning.

00:02:46.000 Things can recorrect.

00:02:47.000 We'll actually maybe even give you a little bit of advice, not like Jim Cramer, but also the reasoning for this.

00:02:53.000 And having a roundtable discussion.

00:02:55.000 Is this something that was warranted and what are the primary reasons that Donald Trump has done this?

00:02:59.000 Are we already seeing some progress on that front?

00:03:01.000 Also, the two finalists for the Women's Pool Championship, well, they weren't women. 0.96

00:03:08.000 My question to you, though, is do you understand currency manipulation?

00:03:12.000 I kind of do, but in reality, I don't.

00:03:15.000 We'll discuss that more after this introduction.

00:03:23.000 After Mr. Rogers saved his neighborhood from the fire, he hosted and funded a block party for all to attend.

00:03:30.000 You know, my neighbor, old Mrs. Whitby, she refinanced with American Financing, saved a bundle. 0.99

00:03:36.000 Well, that's nice.

00:03:37.000 What does that have to do with this story right now?

00:03:39.000 This is live.

00:03:39.000 We're on live radio.

00:03:40.000 Well, they both saved.

00:03:41.000 Great. In other news, in the latest study, nutritionists say you won't believe what's hidden in your children's lunch meat.

00:03:47.000 You know, with American Financing...

00:03:50.000 There's no hidden fees.

00:03:51.000 New studies show...

00:03:52.000 My wife was hiding things from me. 0.97

00:03:54.000 Studies show...

00:03:56.000 Separate checking and savings account?

00:03:58.000 Let me guess.

00:03:58.000 A secret lover, too.

00:03:59.000 Huh? Can I guess?

00:04:01.000 How did you know?

00:04:02.000 A big one?

00:04:02.000 Was it you?

00:04:03.000 Oh, everyone saw that dime store floozy for the harlot that she was. 1.00

00:04:07.000 You adultering bastard! 1.00

00:04:08.000 I'm not an adult. 1.00

00:04:09.000 I wouldn't touch that broad with his dick. 1.00

00:04:11.000 Hey! I'm sorry. 1.00

00:04:12.000 You know I like you. 1.00

00:04:13.000 It's just his wife's a slut. 1.00

00:04:16.000 You're right. 1.00

00:04:17.000 No! I'm sorry.

00:04:18.000 I just get so worked up.

00:04:19.000 It's... What is with...

00:04:21.000 No, don't say...

00:04:21.000 Fight back!

00:04:22.000 Have a backbone.

00:04:24.000 This is the problem.

00:04:25.000 The reason...

00:04:25.000 Your wife wants a man that she can have a volley with.

00:04:28.000 You can't have a volley if you're just mush.

00:04:30.000 I'm still wearing the ring. 1.00

00:04:32.000 Yes, because you're a loser. 0.99

00:04:33.000 This guy can't get it off. 1.00

00:04:35.000 What are you on about?

00:04:37.000 Fingers got too fat. 0.99

00:04:39.000 I don't know if I feel bad for you or just want to spit on you. 0.97

00:04:42.000 Move on with my day.

00:04:44.000 I haven't showered in weeks.

00:04:45.000 That'd be nice.

00:04:47.000 You know, I never told this story.

00:04:51.000 But one time I actually hit a small boy with my car.

00:04:55.000 Call American Financing today at 1-800-974-6500 or visit AmericanFinancing.net slash Crowder.

00:05:04.000 No upfront fees.

00:05:05.000 Goes in as fast as 10 days and you could even lay up to two mortgage payments.

00:05:10.000 NMLS 182334.

00:05:51.000 Glad to be with you today.

00:05:52.000 I apologize, I'm a little out of sorts.

00:05:54.000 Anyone out there know what beta-alanine is? 0.78

00:05:55.000 It's something that they put in, like, pre-workout and explode ass type thing. 0.95

00:06:00.000 What? I only know alpha-alanine, bro. 0.89

00:06:03.000 I just realized it was in this thing that I had had that was sent as a sample, and now my eyebrows and ears are itchy.

00:06:08.000 Anyone ever experience that?

00:06:11.000 Yeah, makes you want to lift weights.

00:06:13.000 Yeah, it doesn't make me want to lift weights, it makes me want to scratch like Wolfman.

00:06:17.000 I know I asked you about currency manipulation, but let me ask you this.

00:06:19.000 We are going to be discussing tariffs today because the market was up, it was down.

00:06:22.000 During run-through, we didn't even know what numbers we were going to use in today's show because of the volatility.

00:06:28.000 But that also kind of makes the point.

00:06:29.000 Let me ask you this.

00:06:30.000 What do you think the biggest motivations behind these tariffs are?

00:06:34.000 And do you think they'll be effective?

00:06:35.000 Is this a necessary adjustment?

00:06:38.000 Or is it a misstep?

00:06:39.000 You do have people on both sides, by the way, including just on the right today.

00:06:42.000 And I think some folks are doing a great disservice to you.

00:06:45.000 I know you have portfolios.

00:06:46.000 I know you have retirement.

00:06:47.000 I know that you have investments.

00:06:48.000 And I know that this either can be affecting you right now or could potentially affect you.

00:06:55.000 And you want to know which way is up.

00:06:56.000 And unfortunately...

00:07:00.000 Not everyone's honest.

00:07:01.000 It's a live show.

00:07:02.000 Weekdays, 11 a.m.

00:07:03.000 We don't have to worry about the YouTube dump button because we're only live on Rumble.

00:07:05.000 Kevin Morgan, CEO, how are you?

00:07:07.000 Tranny! Sorry, I just feel freedom.

00:07:09.000 Well, we're addressing John Oliver tomorrow.

00:07:11.000 Oh, okay.

00:07:11.000 Never mind.

00:07:12.000 Yeah, we were going to do it today, but of course the markets went nuts.

00:07:14.000 John Oliver did a 42-minute installment on transgender athletes.

00:07:17.000 But you need to stop making it an issue!

00:07:22.000 Gaslighting is overused, but it was never an issue.

00:07:24.000 Men competed against men and women competed against women. 0.87

00:07:26.000 And now you're making it a thing!

00:07:29.000 And we're saying, hey, don't make it a thing.

00:07:30.000 So now you're saying that we're making it a thing by saying don't make it a thing?

00:07:33.000 Just, how about no one has ever made it a thing?

00:07:35.000 Men compete against men. 0.99

00:07:37.000 Women compete against women. 1.00

00:07:38.000 Deal. We'll address it tomorrow.

00:07:40.000 I guarantee you I know what it is.

00:07:42.000 It's, you're making a mountain out of a molehill!

00:07:44.000 You're turning it into a culture war issue, but let me spend 42 minutes making the case.

00:07:49.000 So, that's exactly what it is.

00:07:51.000 We'll address it tomorrow and Friday, Saturday, May 23rd, 24th at Good Nights Comedy Club in Raleigh.

00:07:56.000 North Carolina.

00:07:57.000 Nice spot, Josh Feierstein.

00:07:59.000 Hi. Yeah, I can't believe they're making me a feminist. 1.00

00:08:02.000 Really? What?

00:08:03.000 Yeah. I'm like fighting for women here. 0.99

00:08:05.000 I'm like, oh, man.

00:08:06.000 Yeah, that's true.

00:08:06.000 A part of me goes the other way, too, where I'm like, you know what?

00:08:09.000 It was women who wanted men in women's sports. 1.00

00:08:12.000 Deal with it.

00:08:15.000 There are no more divisions.

00:08:16.000 It's just sports.

00:08:17.000 I'll make the case theoretically. 0.95

00:08:19.000 Like, ah, this is why it's silly.

00:08:20.000 But you know what?

00:08:21.000 I think you should probably have to face a biological man in a contact sport. 0.96

00:08:25.000 You're welcome, feminism. 1.00

00:08:26.000 Good luck.

00:08:27.000 So here's, well, it segues right into this.

00:08:31.000 Combat sport, like what, dueling?

00:08:32.000 Yeah, exactly.

00:08:34.000 Even with pistol dueling, I bet you men would be better.

00:08:36.000 I know what you're thinking.

00:08:36.000 Hey, that's sexist.

00:08:37.000 Are men better than women at everything? 1.00

00:08:40.000 Well, to you I would say, last night, Harriet Hines beat Lucy Smith to win the Ultimate Women's Pro Series Event 2, but both of them are men.

00:08:55.000 Let's talk about the Ultimate Pool Women's Pro Series event.

00:08:59.000 It was in Wigan on Sunday night, and after numerous women had competed in this pro pool tournament, the tournament came down to the final. 0.99

00:09:08.000 The two finalists, Harriet Haynes and Lucy Smith, battled it out. 1.00

00:09:12.000 In the end, it was Harriet Haynes that won.

00:09:15.000 What is really, really bizarre, though, is that neither Harriet nor Lucy is actually a woman.

00:09:21.000 So why on earth were they competing in a women's Pro pool event.

00:09:25.000 Why? Well, because they claim to be women. 1.00

00:09:32.000 I do appreciate her candor.

00:09:34.000 Yes! What is really bizarre, though, is the two cooks.

00:09:39.000 And she's in jail.

00:09:41.000 Yes. It has to be two men in a women's sport for us to even talk about pool. 0.91

00:09:46.000 Didn't we just have Strangeo just last week saying there are no male athletes in female sports because now they redefine it and they say there's no such thing as a trans woman.

00:09:54.000 You're just a woman. 1.00

00:09:55.000 I don't know what you're thinking.

00:09:56.000 Why are men better than women at pool? 1.00

00:09:59.000 I didn't think that was going to be...

00:10:01.000 I thought, okay, come on, pull, help me out here.

00:10:03.000 And when you said it, I was like...

00:10:04.000 I'll tell you exactly what it is.

00:10:05.000 It's the more the merrier. 0.98

00:10:06.000 You got eight balls, now you got plus four.

00:10:08.000 Don't get them started on snooker.

00:10:10.000 That's just an ology.

00:10:11.000 Now, I don't know anything about snooker other than it's a bigger table.

00:10:14.000 You don't need to teach me, I don't care.

00:10:17.000 It's men occupy the end of the bell curve.

00:10:19.000 A lot of people don't necessarily know this.

00:10:21.000 So it's true.

00:10:22.000 Women, on average, have a couple points higher IQ in that bulk of the curve. 1.00

00:10:28.000 At a certain point, so before women get mad and say this is sexist, men occupy all, almost 100% of the violent prisons, right? 0.77

00:10:36.000 Serial killers, gang members.

00:10:38.000 But at a certain point, there are only male geniuses.

00:10:41.000 Almost 100%.

00:10:43.000 Men occupy both ends of the bell curve because we have more extreme personalities.

00:10:47.000 It requires an almost obsessive-like devotion to a sport to be excellent, and that lends itself to the male personality type, not to mention spatial awareness, reaction time.

00:10:59.000 So yeah, even some sports that aren't necessarily I mean, they've already won it once at least.

00:11:19.000 Twice? Twice, I think.

00:11:20.000 Twice? What?

00:11:21.000 And it's the only qualifier.

00:11:25.000 It's another one that's like, oh, what?

00:11:26.000 Men are better? 0.99

00:11:27.000 Okay, yeah, well, okay.

00:11:28.000 Swimming, I guess it makes...

00:11:29.000 Alright, obviously MMA.

00:11:30.000 Boxing, okay.

00:11:31.000 Wrestling, alright, fine.

00:11:32.000 Pool, still?

00:11:34.000 Darts? Alright, how about this?

00:11:35.000 Just be a woman of the year. 0.99

00:11:38.000 Just be a woman. 1.00

00:11:40.000 Guy still wins your bullshit. 1.00

00:11:42.000 Pickleball! Bonus points if you have your own pickle. 1.00

00:11:44.000 Yes, exactly.

00:11:45.000 B-Y-O-P. 1.00

00:11:47.000 So, Haynes took home $2,305 for winning, and Smith, another man, semifinalist, took home $1,153 for second place.

00:11:57.000 With their combined winnings, they still...

00:12:00.000 Couldn't afford a pool table.

00:12:03.000 Luck is for dudes!

00:12:04.000 By the way, I need to admonish you.

00:12:06.000 This was in England, so those were pounds and not dollars.

00:12:09.000 Those were pounds?

00:12:10.000 So maybe it's admonished.

00:12:11.000 No, we did the conversion.

00:12:13.000 No, we did the conversion.

00:12:14.000 We did the conversion?

00:12:16.000 Yes. Dang it!

00:12:21.000 Yeah, we did the conversion, Gerald.

00:12:23.000 I took it, but I redirected it like a Hadouken.

00:12:26.000 You can't redirect a Hadouken! 0.74

00:12:28.000 Don't let me do a flaming hadouken. 0.99

00:12:30.000 Okay, play with Finn, whatever your gay character is. 0.99

00:12:33.000 Gerald's glue. 0.99

00:12:34.000 Faye Long.

00:12:35.000 That's right.

00:12:35.000 Faye Long, you know it.

00:12:37.000 And it's the only time I beat you.

00:12:39.000 So here's the thing.

00:12:40.000 Sometimes the pendulum is swinging the right way, but like we saw this last week with fencing, the left can't help themselves.

00:12:46.000 They can't.

00:12:46.000 Just know, when you are voting Democrat, you are voting for men and women's sports.

00:12:50.000 To be clear.

00:12:51.000 You are voting for the most extreme abortion policies.

00:12:53.000 You are voting for...

00:12:54.000 They cannot help themselves.

00:12:56.000 They'll say that you're turning it into an issue.

00:12:58.000 Pin them down.

00:13:00.000 And I mean this.

00:13:01.000 When you talk with someone in real life, pin them down.

00:13:04.000 So, you would support no biological men in women's sports ever. 0.99

00:13:08.000 They can't do it.

00:13:10.000 They can't.

00:13:11.000 Unfortunately, some of these people then become heads of organizations.

00:13:14.000 We saw it with the Olympic Committee.

00:13:17.000 This is what we saw just in 2024.

00:13:19.000 Haynes, the man who won,...was pouting, this is one year ago, that he could not compete in the She's Pool event.

00:13:29.000 Last year, I was removed from the English Blackpool Pool Federation's female category.

00:13:38.000 The males league exists!

00:13:39.000 ...trans women from competing against biological women. 1.00

00:13:43.000 An ugly one. 0.99

00:13:45.000 The music they play, like it's Schindler's List.

00:13:51.000 I couldn't hit the eight ball.

00:13:55.000 This is your civil rights struggle? 0.99

00:13:57.000 I couldn't beat the piss out of women. 1.00

00:14:01.000 Look, how about this? 0.99

00:14:03.000 If you want to compare yourself to civil rights, fine. 0.53

00:14:06.000 You can compete in the women's division, provided when you show up to that pool table, there is a German shepherd and fire hose awaiting you. 0.98

00:14:13.000 Okay? It's such an affront to the actual civil rights movements that we've had.

00:14:20.000 By the way, the ban on trannies is not because of the danger related to them winning, but the danger related to them losing, as we saw. 1.00

00:14:29.000 Yeah, look.

00:14:30.000 And he didn't even chalk the cue first.

00:14:38.000 Disrespect. Disrespect. 0.89

00:14:39.000 You gotta chalk that thing up for at least 45 seconds.

00:14:42.000 Yes, exactly.

00:14:43.000 I don't even know that it does anything.

00:14:44.000 I don't play pool.

00:14:45.000 Ah, it's the grip strength.

00:14:48.000 It causes an infection.

00:14:50.000 I don't think that's her primary concern at this point.

00:14:53.000 It makes it go...

00:14:53.000 You guys can let me know.

00:14:56.000 Who's making this an actual issue?

00:14:58.000 And I'm never going to stop mocking it until it is no longer an issue.

00:15:01.000 How about that?

00:15:01.000 Because it's fun, and I think it's funny.

00:15:04.000 I think PPs, where there should only be hoo-hahs... 1.00

00:15:07.000 It's funny.

00:15:08.000 Okay? I still think it's funny.

00:15:11.000 I'll always think it's funny.

00:15:12.000 And I hate that our society has come to this.

00:15:15.000 Have you seen one?

00:15:16.000 They look funny.

00:15:16.000 They do.

00:15:17.000 They are.

00:15:17.000 Look. We should look together later.

00:15:19.000 We should.

00:15:19.000 What? Yeah, we should have a, you know, a watch party.

00:15:22.000 Yeah, exactly.

00:15:22.000 Over by the pool table.

00:15:23.000 Yeah. Or is it Schnooker?

00:15:25.000 We don't have a pool table.

00:15:26.000 Hey, by the way, best way to follow us, download the Rumble app and follow us on Rumble.

00:15:30.000 You get notified only when we are live.

00:15:32.000 It's Rumble.

00:15:32.000 We own.

00:15:34.000 Live, there is no algorithm that severs the tie.

00:15:38.000 So if you're on, well, no one's seeing it.

00:15:40.000 Well, they might see it as a clip.

00:15:40.000 If you're on YouTube, if you're on Facebook, just go follow on Rumble.

00:15:43.000 You actually get to watch what it is that you choose.

00:15:45.000 And let's go on to the Trump protests.

00:15:47.000 And I know you have something you want to plug in for.

00:15:50.000 So did you see this?

00:15:51.000 Before we get to the tariffs, there were organized protests against, take a guess, correct, Donald Trump, Elon Musk.

00:15:59.000 They happened across the country and a few other major cities.

00:16:01.000 This was on Saturday.

00:16:03.000 Across the U.S. and the world, more than 1,400 protests on Saturday, according to organizers, telling U.S. President Donald Trump and his advisor, Elon Musk, hands off.

00:16:14.000 Hands off Canada! 0.75

00:16:16.000 Hands off Greenland! 0.99

00:16:21.000 It's like an afterthought.

00:16:22.000 You know, you think about it, when the Tea Party happened after Barack Obama, they were, I was there, they were proposing very specific policies, and they elected.

00:16:32.000 You know, they actually got people into political office, and it was a movement.

00:16:35.000 In this case, what do you think?

00:16:37.000 You're just going to say, hands off Canada, hands off Donald Trump?

00:16:39.000 Well, since you said so.

00:16:42.000 He doesn't even have his hands on them, though, right now.

00:16:44.000 He's like, hey, you guys should probably vote Greenland to come and be a part of America. 0.99

00:16:47.000 We'll see what happens.

00:16:48.000 Canada, you guys will be better as a state, right?

00:16:50.000 Like, that's it.

00:16:51.000 It's like a preschool teacher's convention.

00:16:53.000 And the protest was literally called hands off.

00:16:56.000 I know.

00:16:57.000 Hands off.

00:16:57.000 This, of course, goes back to, you know, hands off my posse.

00:17:01.000 That was the thing with the vagina hats. 1.00

00:17:02.000 This is the 2016 retread? 0.71

00:17:05.000 It's San Francisco 60s retreads using punchline slogan retreads from 2016.

00:17:12.000 They still have the signs, Stephen.

00:17:13.000 You gotta put them to use.

00:17:16.000 Hands off the bloated government. 1.00

00:17:18.000 Yeah, exactly.

00:17:18.000 Yes, there we go.

00:17:19.000 It's the civil rights issue of our time, and dudes playing pool against women. 1.00

00:17:22.000 So the official hands-off website, they have a partners list, and of course you see the usual suspects, the ACLU, the labor unions, the Arab American Institute, the Bend the Arc Jewish Action, LGBTQ AIP groups, Planned Parenthood, and some accidental support, this time from one George McFly.

00:17:44.000 Oh! Hey you, get your damn hands off her. 1.00

00:17:50.000 He's nervous. 1.00

00:17:52.000 He meant to be at the pool tournament.

00:17:56.000 Guys, are you getting the picture?

00:17:58.000 Remember when Nancy Pelosi said the tea party was astroturf?

00:18:01.000 When the left accuses you of something, they are telling on themselves.

00:18:04.000 When they say you are turning trans athletes, male athletes competing against women, when you're turning that into a cultural issue, they're telling on themselves.

00:18:11.000 When they say, oh, actually, this is AstroTurf from the MAGA crowd, they're telling on themselves, this is very clearly AstroTurf.

00:18:19.000 NGO-supported protein.

00:18:21.000 This is not grassroots.

00:18:22.000 That's why you haven't really heard of it.

00:18:24.000 That's why no one you know has actually attended it.

00:18:27.000 And I just don't think it works anymore. 0.95

00:18:29.000 I remember I was on Joe Rogan's show, gosh, 2016, 2017, where he was so, well, the big pussy march. 1.00

00:18:34.000 That was a big thing. 0.77

00:18:35.000 And I said, it wasn't grassroots.

00:18:37.000 That was from the top down.

00:18:38.000 And he was surprised.

00:18:39.000 We know it now.

00:18:41.000 Just remember this.

00:18:42.000 This is always what the left does.

00:18:45.000 They're not even actually protesting anything real right now.

00:18:49.000 Hands off Social Security.

00:18:50.000 He said he was going after fraud in Social Security.

00:18:53.000 He didn't say anything about any benefits, and so did Donald Trump.

00:18:55.000 He's like, I'm not going to touch that.

00:18:57.000 I already told you about Greenland and Canada, so what are we out here yelling about?

00:19:00.000 I don't think anybody knows.

00:19:01.000 Stop changing the color of the sky!

00:19:03.000 What? Hands off my chemtrails?

00:19:06.000 I don't know.

00:19:07.000 I have no idea.

00:19:09.000 Well, anyway, maybe we'll get some more context with some highlights here from the hands-off trademark 2025 protests.

00:19:15.000 I am an immigrant. 1.00

00:19:17.000 That's a huge bitch! 1.00

00:19:19.000 I'm afraid. 1.00

00:19:20.000 Queer and unashamed. 1.00

00:19:22.000 Should be.

00:19:23.000 Where'd you immigrate from?

00:19:24.000 Charlie? Chocolate factory?

00:19:26.000 Hands-off Boston March.

00:19:27.000 And it is the slowest march I have ever been.

00:19:30.000 Told his dentist, hands off my teeth.

00:19:32.000 Hands off my broom. 0.56

00:19:33.000 Oh, jeez.

00:19:34.000 Hands off the Cheetos. 1.00

00:19:37.000 Hands off women for him. 1.00

00:19:39.000 We're going to litigate?

00:19:42.000 Okay. This is what kicking the shit out of fascism looks like. 0.99

00:19:50.000 Yes, thank you, Chinese spy, banger, and chief Eric Swalwell. 1.00

00:19:54.000 So, kicking the shit out of fascism is trannies and puppets? 1.00

00:20:00.000 Sex puppet. 1.00

00:20:02.000 Sex puppet? 1.00

00:20:03.000 They're people. 0.98

00:20:03.000 The left has no message? 0.98

00:20:06.000 And they have no messengers.

00:20:07.000 For proof, see the protest that involved drum circles, trannies, puppets, and their messenger, Eric Swalwell. 1.00

00:20:16.000 I don't know if they ever went again!

00:20:19.000 And here's the thing, too.

00:20:20.000 We used to think of it as a youth movement, right?

00:20:22.000 That has shifted dramatically.

00:20:24.000 I'm a millennial where, of course, they were very, very left-wing.

00:20:27.000 Gen Z is the most conservative generation at this point in their life, meaning 20-year-olds, young people, than any we have seen really in the last at least three quarters of a century.

00:20:38.000 So if you were looking for some young people, some enthusiasm at these protests, you're not the only one.

00:20:45.000 I'm at the protest right now in New York City, anti-Trump, anti-fascist protest, and I have one question. 0.97

00:20:52.000 Where the f*** Gen Z. These people are cheering, they're talking like it's just the 60s, it's just like the 60s, and they're having conversations and walking slowly. 0.96

00:21:03.000 There's no fight here.

00:21:04.000 There's no youth here.

00:21:05.000 It's all 30-somethings and their children. 0.99

00:21:08.000 Barely any teenagers ever.

00:21:10.000 Like, these, oh my god.

00:21:13.000 I can't even.

00:21:14.000 Like, where are you going if you're not going to the protest right now?

00:21:20.000 Anywhere! They're going anywhere that's not the protest.

00:21:23.000 Somewhere with their friends, you lonely bitch. 1.00

00:21:27.000 Yes, you not-without-my-daughter retread. 1.00

00:21:32.000 She says from the 60s and they're 30-something with their kids.

00:21:38.000 I will say this, being someone in my 30s, this is the first generation you will have young people, particularly young liberals, who will go, okay, boomer, to someone who's like, I have a theory.

00:21:56.000 I think it's because if you're in your 30s, you were born in the 90s or 80s, which makes it a different century.

00:22:03.000 Okay, the turn of the century?

00:22:04.000 So we're 20th century kids.

00:22:06.000 They were old.

00:22:07.000 Was that what it was like kids who were born in 1901?

00:22:10.000 Yeah, they were antiquated.

00:22:12.000 Listen to your old 19th century rhetoric.

00:22:15.000 You don't know what it's like being raised in today's youth.

00:22:18.000 Nobody cares about Gettysburg.

00:22:20.000 That's right.

00:22:21.000 We care about Pittsburgh.

00:22:22.000 That's right.

00:22:23.000 We've been emancipated.

00:22:24.000 Get with the program.

00:22:27.000 I have 14 brothers and sisters and 12 of them died by being kicked from a horse.

00:22:32.000 Oh look, a motor car!

00:22:33.000 Yeah! So to give you an idea though, Generation Z, we've seen this right in 2024, 46 went for Trump, 52% for Harris.

00:22:44.000 Now that's a huge number when you look at people under 30 compared to any other election.

00:22:50.000 Pretty much ever.

00:22:52.000 And it's even more glaring when you look at Gen Z men. 0.94

00:22:55.000 56% for Trump, 42% for Harris.

00:23:00.000 Typically, young people become more conservative.

00:23:03.000 They don't become more liberal.

00:23:04.000 These are kids who are voting for Donald Trump before they even pay taxes, before they have families.

00:23:11.000 So it's not all doom and gloom.

00:23:13.000 There is a silver lining.

00:23:14.000 I think they see the absurdity.

00:23:16.000 Yeah, and we talk about that all the time, that once you get older, you get out into the workforce, you have to have a job, you have to pay taxes, you start raising a family.

00:23:23.000 That you become very conservative very fast, typically.

00:23:26.000 You see those numbers now, that is very heartwarming, because for a while there it was looking pretty bad.

00:23:32.000 I think it's less them becoming more conservative and just being disgusted with the left.

00:23:38.000 I think that's part of it.

00:23:40.000 With what the Democratic Party's doing, and then it's quickly making them go, oh, maybe I shouldn't be siding with these people.

00:23:46.000 What are they saying on the other side?

00:23:48.000 Yeah, yeah, I think so.

00:23:49.000 I mean, the left just can't, again, they just can't help themselves.

00:23:52.000 Probably, you know, you were raised in, you know, kind of on the West Coast.

00:23:56.000 They're up in Washington area.

00:23:57.000 You think about back then, okay, gay marriage, that was kind of, okay, socialist.

00:24:00.000 People are like, oh, I'm socially liberal.

00:24:01.000 But now, if you're voting Democrat, you have to be voting for sex surgeries, for violent inmates, and for biological men to compete in women's contact sports and not even fill out a form. 0.65

00:24:14.000 The disconnect is so wide.

00:24:17.000 I've got to imagine that young men are in high schools today.

00:24:19.000 And please, I know there are a ton of you who watch.

00:24:22.000 If you're in that generation and you are, for example, in a public school, how do people in your class treat the transgender, queer, pansexual furry in your class?

00:24:35.000 How do you guys deal with it?

00:24:36.000 Do you just go, oh, okay, yeah, sure.

00:24:37.000 Is there a rejection of it?

00:24:39.000 Is that why we're seeing this divide between, again, young men and women?

00:24:43.000 I've got to imagine that they're living with it going, this is absurd.

00:24:46.000 Yeah, you're right.

00:24:46.000 This view has changed.

00:24:47.000 When we were teenagers or young adults, the saying was, it's not Adam and Steve.

00:24:54.000 I'm like, oh, that's fine.

00:24:55.000 It's not a big deal.

00:24:56.000 But now it's like, oh, Adam's in Eve's cell.

00:25:00.000 Yes! Getting her pregnant in prison. 1.00

00:25:03.000 Yeah. And Eve used to also be Adam as well, and I don't know how she got pregnant.

00:25:08.000 I'm very confused.

00:25:10.000 That doesn't make sense.

00:25:12.000 Why is the warden a cat?

00:25:15.000 What's happening?

00:25:17.000 Their prison should just be they have to be completely normal in whatever gender they are. 1.00

00:25:24.000 We're not even going to put you in a prison.

00:25:25.000 We're just going to put you on a routine where you're going to get up at the same time.

00:25:28.000 You're going to eat three square meals a day.

00:25:30.000 You're going to exercise.

00:25:31.000 You're going to do your word jumble some Sudoku.

00:25:37.000 The problem will take care of itself.

00:25:38.000 Speaking of discipline, we'll move on here to the markets and tariffs and the reason why.

00:25:43.000 But before that, obviously, at opening bell this morning, markets went red.

00:25:47.000 And then they went up, and then they went down again.

00:25:49.000 And I don't know where we are right now.

00:25:51.000 Up, down.

00:25:52.000 They've gone up, down, up, down.

00:25:53.000 There's a lot of volatility, and I understand that that creates a lot of uncertainty.

00:25:56.000 And I understand why a lot of you may be worried.

00:25:58.000 But that brings us to the word of the day right now that you are seeing the media use.

00:26:03.000 Circuit breaker.

00:26:06.000 The UK has suspended its stock futures due to a circuit breaker and trading has been suspended there.

00:26:15.000 The Korean stock market tumble during early trade on I did not expect that voice.

00:26:20.000 We also saw a number of markets like Japan actually in that circuit breaker today.

00:26:30.000 It's something you need, right?

00:26:31.000 You need a circuit breaker, I guess.

00:26:34.000 I did expect that voice.

00:26:38.000 They would have turned the lights out on the market to try to save us from ourselves. 1.00

00:26:42.000 Good night, sweet bitch. 1.00

00:26:44.000 Now, I really didn't expect that voice from the Korean lady. 1.00

00:26:48.000 No, huh?

00:26:48.000 I expected her to be like, Ah!

00:26:49.000 Korean market bad! 1.00

00:26:50.000 Sell! Sell!

00:26:51.000 Sell! Sell!

00:26:51.000 Fire! So, what this is actually addressing, the circuit breaker is, it defines the pause, right?

00:26:59.000 Yes. The pause that takes place in trading when prices drop too fast.

00:27:04.000 So it kind of gives everyone a little bit of a break to let things calm down.

00:27:08.000 Let me explain kind of the triggers to you.

00:27:10.000 So if in a single day the S&P drops 7%, there's a 15-minute circuit breaker, a 15-minute pause in trading across all the stock market indexes.

00:27:19.000 If there's a 13% drop, there's another 15-minute pause.

00:27:23.000 And if there's a 20% drop, trading ends for the day.

00:27:28.000 That's really what it is.

00:27:30.000 And sometimes they're saying circuit breaker and they keep anticipating circuit breaker.

00:27:34.000 You're almost like, I think you almost want a circuit breaker is how this kind of sounds.

00:27:37.000 I mean, it's almost like you guys sell fear and panic.

00:27:41.000 But remember, for those of you at home, breaking the circuit can be dangerous as we saw in overseas markets this weekend.

00:27:49.000 Three, two, one.

00:27:53.000 Don't do that.

00:27:55.000 It's a new firework.

00:27:58.000 You're right.

00:27:59.000 The fear porn right now is everywhere.

00:28:01.000 Everybody's talking about how the market is down.

00:28:03.000 It was funny because we were watching CNN talk about how bad the markets were as the stock market had trended up.

00:28:09.000 It was up 300 points on the NASDAQ and the Dow roughly.

00:28:12.000 They were trending all over the place, but they're not covering that stuff.

00:28:15.000 Just calm down.

00:28:17.000 I know what our demographics of our audience are right now.

00:28:20.000 I know what you are.

00:28:21.000 Don't worry. 0.98

00:28:22.000 It could suck. 0.56

00:28:24.000 and we'll get into that in the next segment for just a little while, but don't worry.

00:28:26.000 And if you're an old person that's not so great, but you should probably be in something that's less volatile right now anyway if you move the market around.

00:28:34.000 Yeah, so that's the thing.

00:28:35.000 But CNN would have you believe that the world is coming to an end, and so would social media, to be honest.

00:28:40.000 And this is not the first time that this has happened.

00:28:42.000 No. So to be clear, kind of getting to this, before we get into – Please. I've seen some people out there going, I'm pulling everything out.

00:28:54.000 So buy high and sell low.

00:28:55.000 There's an interesting strategy.

00:28:58.000 Locking in those losses.

00:28:59.000 Yes, exactly.

00:29:00.000 Just hold on a little bit.

00:29:01.000 But there are some reasons for the tariffs.

00:29:04.000 We talked about this really for the last several months saying there's going to be some discomfort.

00:29:08.000 And that's not to minimize the discomfort.

00:29:10.000 But at a certain point, you do have to understand and you do have to make a choice.

00:29:14.000 Okay. Do we want to live in a world where we continue to lose our manufacturing, where we continue to lose our national economy because of a foreign communist adversary who is subsidizing industry with the expressed goal of destroying our national economy? 0.78

00:29:32.000 At some point, there needs to be a change, right?

00:29:36.000 We're going to get to why this has taken place.

00:29:39.000 Before we get to that, though, the panic, okay, let me just give you some...

00:29:45.000 Very clear historical context.

00:29:47.000 In 2008, right, it was way worse than this.

00:29:49.000 Let's grab this overlay.

00:29:50.000 In 2008, there was a point, if you look there, you go, oh my gosh, look, this is terrible.

00:29:55.000 I have to sell.

00:29:56.000 The market is, it's done.

00:29:58.000 But then if you just zoom out, if you'd have done nothing, look, you would have more than doubled.

00:30:04.000 In some case, if you were in the dip, tripled your money.

00:30:06.000 Let me be really clear.

00:30:07.000 The market wins out.

00:30:09.000 There are people out there who want to pick stocks and give you a hot ticket.

00:30:13.000 That is one thing that is constant.

00:30:38.000 It's something that Toolman has talked about, that people here were very conservative in our investment strategy with our wealth.

00:30:43.000 If you panicked and sold, and there were some people who did that in 2008, that's the wrong...

00:30:49.000 Let me give you again, COVID.

00:30:50.000 Remember COVID?

00:30:50.000 There was a day, oh my gosh, it's done, it's over.

00:30:53.000 Some people panicked and sold.

00:30:54.000 Okay, I've lost everything.

00:30:56.000 Now let's just zoom out a couple of years.

00:30:59.000 If you did nothing, you not only get it all back, you would have gotten it all back and significantly outpaced the inflation that followed.

00:31:07.000 This happens every single time.

00:31:09.000 Every single time.

00:31:10.000 And I have been on some calls with some of the best minds out there who talk about investing for some other stuff that I've done.

00:31:16.000 And they are honest.

00:31:17.000 They're like, you want to look at these trends?

00:31:19.000 You want to look at those trends?

00:31:20.000 Fine, you can look at those trends.

00:31:21.000 You know what it is?

00:31:21.000 Time in the market.

00:31:22.000 Period. Period.

00:31:23.000 Period. Doesn't matter.

00:31:24.000 Just put your money in and leave it in as long as you possibly can.

00:31:27.000 And I say this because we would be doing you a disservice.

00:31:30.000 And I know that some of you will be upset at this anyway and say that I'm a Wall Street show.

00:31:34.000 I'm not.

00:31:35.000 I absolutely am not.

00:31:36.000 I hate that Wall Street wants to privatize profits and socialize losses.

00:31:40.000 That is not capitalism.

00:31:41.000 It is not free enterprise.

00:31:43.000 I am a conservative in spite of the crony capitalism that we have seen in this country.

00:31:47.000 I am a conservative as it relates to healthcare.

00:31:49.000 I'm anti-socialized healthcare in spite of effectively the pseudo-nationalization that we've seen with insurance companies.

00:31:57.000 That is not free market capitalism. 0.98

00:31:59.000 It sucks today. 0.99

00:32:00.000 It may suck for a while. 0.98

00:32:02.000 It's painful, and I understand that, but discipline is just as important today as it was yesterday, and it will be tomorrow.

00:32:10.000 This will pass, and it's been a lot worse for significantly longer periods of time.

00:32:15.000 This is not unexpected as it relates to the tariffs.

00:32:18.000 It would never be consequence-free, but this doesn't change the reason that they had been implemented in the first place, which brings us to the latest installment of the Tarifier.

00:32:28.000 fire Still the best thing I've potentially ever seen.

00:32:42.000 Gotta get that shirt.

00:32:43.000 And you guys, comment below, especially anyone who's been through this, what kind of rebound you saw, and people who are going through it right now who might find yourself in a tough spot.

00:32:53.000 Talk in the chat and in the comment section.

00:32:55.000 People there who are a little bit older, wiser, please do help some folks because you have some kids who are, and by kids I mean younger people who feel like they want to swallow a knife.

00:33:02.000 We're not there.

00:33:03.000 So when the patient, in this case, our trade agreements, in this case, our national economy, and I'm no longer anti-protectionism, to be clear, because if you're protecting your economy from a communist foreign adversary, isn't that a good thing?

00:33:20.000 understand economic protectionism if you are basically siloing yourself off from the world, right, where you're rejecting new technology, more efficient methods of goods, of creating or delivering goods and services.

00:33:33.000 That's not what we're talking about.

00:33:34.000 These tariffs are designed to silo the supervillain of the world who's been taking advantage for a very long time, and we'll get into some shocking numbers.

00:33:42.000 References are always available every single show regarding manufacturing, regarding deficit.

00:33:47.000 So, this is where we end up.

00:33:52.000 Yep, China has been using our system. 0.62

00:33:57.000 I mean, many loopholes to take advantage of us and to basically tear apart at the carcass that is the United States national economy.

00:34:05.000 Manufacturing, as far as intellectual property, you look at our trade agreements, it's never actually been fair.

00:34:10.000 That is something that cannot be disputed.

00:34:13.000 So now you say, okay, where do we line up on how to deal with this?

00:34:16.000 Status quo?

00:34:17.000 Keep doing it because we're all comfortable with this?

00:34:20.000 Or at some point, you're going to come home to roost and we'd rather deal with it now before this gets worse.

00:34:27.000 It kind of is an A or B. And that's where we find ourselves.

00:34:31.000 When the patient is sick, in this case, our national economy, medicine can have an adverse reaction initially.

00:34:38.000 It doesn't mean that it's not necessary.

00:34:40.000 And that's what President Trump spoke to regarding his new tariff policy last night, I believe, on Air Force.

00:34:46.000 Is there a Trump put, though?

00:34:48.000 Is there a pain in the market at some point you're unwilling to tolerate this idea of a Trump hood?

00:34:55.000 Is there a threshold? 1.00

00:34:56.000 I think your question is so stupid. 1.00

00:34:58.000 I mean, I think it's a, I don't want anything to go down, but sometimes you have to be True. True. 1.00

00:35:19.000 Very stupid leadership. 1.00

00:35:21.000 So you know the markets are down across the board, right? 1.00

00:35:23.000 Japan was, the Japanese markets were down 7.8%.

00:35:25.000 Korea was 5.1%.

00:35:27.000 China was 7.3%.

00:35:28.000 Australia 4.2%.

00:35:30.000 Germany 6.8%.

00:35:31.000 And as of the time of this broadcast, at 11.30 Eastern, the U.S. market, I guess it's down now about 2.25%.

00:35:41.000 It's moving around a lot.

00:35:42.000 So that brings us to, okay, what were the reasons for these tariffs?

00:35:48.000 How severe are these consequences?

00:35:49.000 And really, how long are they going to last?

00:35:52.000 Let's go through the reasons.

00:35:53.000 They haven't changed.

00:35:55.000 First reason.

00:35:56.000 Okay? To try and use these tariffs to get countries to negotiate.

00:35:59.000 As a leverage tool.

00:36:00.000 Not the only reason, but one of them.

00:36:02.000 Right? And according now to the Treasury Secretary, Scott Besant, 50 countries, 50 countries at least, have reached out to the United States to try and negotiate tariffs.

00:36:13.000 More than 50 countries have approached the administration about lowering their non-tariff trade barriers, lowering their tariffs, stopping currency manipulation, and they've been bad actors for a long time, and it's not the kind of thing you can negotiate away in days or weeks.

00:36:34.000 And here's the good news.

00:36:36.000 When you're talking about these tariffs, when you're talking about executive orders, if these countries play ball, they can change like that.

00:36:42.000 It could be instant.

00:36:44.000 They can come to the table instantly, and we can negotiate instantly.

00:36:48.000 There is some value in it.

00:36:49.000 There are pros and cons.

00:36:51.000 And this was just happening this morning, I believe.

00:36:54.000 The EU just offered to introduce zero tariffs on specifically industrial goods.

00:36:59.000 And this is a major turning point for the United States.

00:37:03.000 Nonetheless, we stand ready to negotiate with the United States.

00:37:07.000 We stand ready.

00:37:08.000 Indeed, we have offered zero for zero tariffs for industrial goods, as we have successfully done with many other trading partners, because Europe is always ready for a good deal, so we keep it on the table.

00:37:23.000 Two things.

00:37:24.000 Why had you done it with other trading partners and not us? 0.94

00:37:27.000 Screw you for that.

00:37:28.000 Two, we stand now. 0.99

00:37:31.000 Ready? To negotiate.

00:37:33.000 She acts like they're getting ready for it.

00:37:34.000 We stand now ready to say, Uncle?

00:37:39.000 We don't do it sitting down.

00:37:42.000 That's right.

00:37:42.000 And by the way, that's a huge...

00:37:43.000 We are brave and courageous.

00:37:44.000 Industrial goods, that's the vast majority of our trade.

00:37:48.000 So percentage-wise, that's huge.

00:37:50.000 That's not just some random thing that's getting thrown around out there.

00:37:53.000 So that's a big, big, big deal.

00:37:55.000 By the way, I want to go back to what Scott Besant said, which is really rude to have that in there.

00:37:59.000 It makes it hard to pronounce his name.

00:38:00.000 He said it's not just about tariffs.

00:38:02.000 It's about other things that these countries have done to us to keep our goods and companies out of their country and competing with them or exporting to them, right? 0.91

00:38:11.000 It's trade barriers.

00:38:12.000 Trade barriers can be like, well, I don't like how you take care of some kind of a toxin or some kind of a bacteria in your chicken.

00:38:19.000 I don't like that you do that.

00:38:21.000 We do something similar to it, but we do it in a different way, and I don't like that, so therefore you can't do it.

00:38:24.000 I don't have a tariff on it.

00:38:25.000 China said, you mean you do nothing?

00:38:27.000 Yeah, exactly.

00:38:29.000 We do nothing.

00:38:30.000 Oh, nothing, not okay.

00:38:32.000 Okay, okay, okay.

00:38:33.000 We do something.

00:38:34.000 Speaking of which, China, currency manipulation.

00:38:36.000 Instead of letting your currency float where it should, right, where the market demands it goes, you artificially do something to it to make your goods, I don't know, cheaper on the world market like China is theoretically doing or would do right now.

00:38:47.000 To stay competitive.

00:38:48.000 All of that hurts U.S. businesses.

00:38:50.000 All of it.

00:38:50.000 And we've just gotten so used to it that we're just like, ah, fine.

00:38:54.000 Right. And it's, by the way, this is not free enterprise.

00:38:57.000 It's not.

00:38:57.000 Here's one thing, too.

00:38:58.000 Yep, there's a problem with unions in the United States.

00:39:00.000 I understand that.

00:39:02.000 Yes, where it makes it cost prohibitive for certain goods.

00:39:05.000 But the American worker, even the non-union American worker, taxpayer, you're not competing with an honest.

00:39:12.000 You're not even necessarily.

00:39:13.000 Competing with slave labor in the third world?

00:39:16.000 As it relates to China, you are competing with slave labor that is still not profitable, so the Chinese Communist government subsidizes it.

00:39:24.000 You cannot win.

00:39:26.000 And China's okay doing it, so long as it cuts us off at the knees. 1.00

00:39:31.000 Do you understand that?

00:39:33.000 We're talking about the...

00:39:34.000 Where are we?

00:39:36.000 Hold on a second.

00:39:37.000 This timeline, because last week, I thought they were saying, we don't have tariffs.

00:39:41.000 We don't.

00:39:43.000 Donald Trump said reciprocal tariffs.

00:39:44.000 He said, well, we don't really have those.

00:39:45.000 But now they're saying, well, we're going to introduce zero tariffs.

00:39:47.000 Well, what are you introducing?

00:39:48.000 What are you standing tall to introduce?

00:39:50.000 You know what makes this particularly egregious with the EU?

00:39:54.000 After the Second World War, the United States basically said, we're the richest country on the planet right now, and to make sure that your economies get back into the global order, and it's better for safety and stability, I get it, but to make sure that you guys can rebuild, we will have an imbalance.

00:40:09.000 Right. We will help you guys do this.

00:40:12.000 And then to get treated like that?

00:40:14.000 Are you serious?

00:40:15.000 Yeah, we're like, okay, we're going to help you get back.

00:40:17.000 Wait, wait, wait.

00:40:17.000 How are you giving everyone free internet?

00:40:19.000 You still haven't spent your amount in NATO?

00:40:21.000 Wait a second.

00:40:21.000 You're giving everyone free healthcare, but we invent the drugs.

00:40:23.000 Hold on, hold on, hold on.

00:40:25.000 This wasn't the deal.

00:40:26.000 By the way, Argentina has come to the table as well.

00:40:29.000 Malay said that Argentina was working on a zero tariff deal with the United States.

00:40:32.000 Currently, their tariffs average around 10 to 13%.

00:40:35.000 Where is he sending the tariffs?

00:40:38.000 What was that?

00:40:39.000 Afuera. Yes, yes, exactly.

00:40:40.000 I was hoping to get one from Billy.

00:40:41.000 I thought there was an answer that I didn't know.

00:40:42.000 I'm like, wait, what?

00:40:43.000 I was hoping that.

00:40:45.000 Afuera! Afuera! 0.99

00:40:46.000 There we go.

00:40:47.000 Vietnam, we talked about them last week.

00:40:49.000 They offered to remove all tariffs on American goods.

00:40:52.000 Their current average rate is about 9.4%.

00:40:54.000 Taiwan, actually, the president, Lai Ching-to, Lai Ching-to, wrote on X, Taiwan does not seek retaliatory tariffs against the United States.

00:41:19.000 Instead, we'll start talking from bilateral zero tariffs to ensure Taiwan's competitiveness will increase U.S. imports and adopt other measures.

00:41:32.000 Working together will usher in a golden age of shared prosperity!

00:41:37.000 I gotta wait from you.

00:41:39.000 Current rate averages about 6.5%.

00:41:42.000 So over 50 plus countries, these are the ones that we know about.

00:41:48.000 You can say it's not enough, sure I understand that, but you can't say that it's insignificant when that's one of the primary goals of these tariffs.

00:41:57.000 By the way, Ireland seems to be the most desperate.

00:42:01.000 They actually sent this open video plea to President Trump this morning.

00:42:05.000 Dear President Trump, we, the people of Ireland, are humbly begging you to undo this tragedy your presidency has caused the Irish people.

00:42:14.000 We can no longer survive under these conditions.

00:42:18.000 Please, oh please, take back Rosie O'Donnell. 0.99

00:42:21.000 We don't even care about the tariffs.

00:42:24.000 Truly. In fact, I'll do you one further.

00:42:28.000 We will take on other countries' tariffs if you'll just take this monster off our hands.

00:42:33.000 We haven't enough potatoes on the island for the appetite of... 1.00

00:42:36.000 Oh, shite! 1.00

00:42:38.000 I think she's here! 1.00

00:42:40.000 Oh, for the love of God and all that is holy!

00:42:43.000 Oh, now she's stopping in and demanding more potatoes. 1.00

00:42:46.000 Oh, sorry.

00:42:52.000 Sometimes you don't really know.

00:42:53.000 That's really what the president of Ireland looks like.

00:42:56.000 It looks like a leprechaun.

00:42:58.000 You don't really understand until you see how it affects real folks.

00:43:02.000 Real folks.

00:43:04.000 Name that movie line.

00:43:05.000 Here's reason number two for the tariffs.

00:43:08.000 And this is going to take a little while, but it's the re-industrializing of the United States.

00:43:15.000 The numbers are shocking.

00:43:17.000 Now I want you to keep in context the reason that this manufacturing has been siphoned.

00:43:21.000 It's not because of automation.

00:43:23.000 It's not because of us entering into the modern workforce.

00:43:28.000 No, it's because of communist subsidized slave labor.

00:43:32.000 In other words, slave labor isn't enough to beat the United States to the goods and services punch when you're seeing this from China. 0.97

00:43:39.000 It is subsidized.

00:43:41.000 You cannot be a small business in the United States and compete with the Chinese communist government who doesn't care about losses. 0.98

00:43:49.000 As a matter of fact, it's part, it's not a bug, it's a feature.

00:43:52.000 comment if you understand the difference.

00:43:54.000 A small business in the United States competing against a small business in Germany or a medium-sized business in the United States competing against a medium-sized business in Taiwan is very, very different from a business in the USA competing against a communist government who is willing to subsidize losses in order to drive you out of business.

00:44:13.000 So Commerce Secretary Howard Lundgren, Howard Lutnick, he actually talked about this on Face the Nation.

00:44:19.000 The army of millions and millions of human beings screwing in little, little screws to make iPhones.

00:44:25.000 That kind of thing is going to come to America.

00:44:28.000 It's going to be automated.

00:44:29.000 And great Americans, the tradecraft of America, is going to fix them.

00:44:34.000 It's going to work on them.

00:44:35.000 They're going to be mechanics.

00:44:36.000 There's going to be HVAC specialists.

00:44:38.000 There's going to be electricians.

00:44:39.000 The tradecraft of America are high school educated Americans.

00:44:43.000 The core to our workforce is going to have the greatest resurgence of jobs.

00:44:49.000 In the history of America, to work on these high-tech factories, which are all coming to America, that's what's going to build our next generation of America.

00:44:58.000 Let me give you some numbers on manufacturing jobs, okay?

00:45:00.000 In 1999, before most of the new policies that we see regarding China came into play, the manufacturing jobs in America, they were about 17.5 million.

00:45:08.000 Today, they're about 12.5 million.

00:45:11.000 Now, here's what's even more startling.

00:45:14.000 If you look at the global...

00:45:16.000 ...manufacturing share from the United States.

00:45:18.000 How much of the global manufacturing we made up.

00:45:20.000 1995, we made up 24%.

00:45:22.000 China was 5%.

00:45:23.000 Compared to today, where we make up 15% and China makes up 32%.

00:45:29.000 We went from 24% to 15% and China went from 5% to 32%. 0.94

00:45:35.000 That occurs nowhere in nature.

00:45:37.000 And certainly not for a country where most of those people live in abject poverty.

00:45:43.000 And eat street food fried in sewer water, and that's not a joke.

00:45:48.000 That's the reality for those people.

00:45:51.000 Again, bring up the overlay for those who doubt it.

00:45:53.000 You can check the references.

00:45:54.000 China subsidizes their industries to create more than can possibly be consumed to dump it on a market and ensure that you are run out of business.

00:46:03.000 They're not even doing this to turn a profit.

00:46:05.000 They're doing it to...

00:46:07.000 End your business, your industry.

00:46:09.000 So I want to go back to something that Howard said there because this is one of those very fine people clips.

00:46:14.000 Everybody this weekend was sharing that after he had that appearance on Sunday morning and saying that Howard Lutnick was basically saying, oh good, we're going to have thousands and millions of jobs created by people screwing in tiny little screws.

00:46:26.000 And they were like, great, sweatshop labor is coming to the United States.

00:46:29.000 Without playing the clip for two more seconds where we said, and we're going to automate that.

00:46:35.000 Basically he's saying we don't need sweatshop labor.

00:46:38.000 Shouldn't this be good?

00:46:39.000 We can actually automate this process.

00:46:41.000 We can get rid of sweatshop labor because that's just taking advantage of a workforce. 1.00

00:46:45.000 Obviously you have to retrain that workforce and move into something else.

00:46:48.000 But isn't this a good thing?

00:46:49.000 And they're like, he's bringing sweatshop labor to the United States.

00:46:51.000 That's not at all what he said there.

00:46:53.000 But this is another time, instead of dealing with the facts that you just gave them, Right?

00:46:57.000 You can deal with that.

00:46:58.000 You can go, oh, sweatshop labor. 0.88

00:47:00.000 I don't have to deal with the fact that China's kicking our butts in manufacturing.

00:47:02.000 And I understand, too, the argument that people will make regarding automation.

00:47:05.000 We have this argument all the time regarding AI.

00:47:07.000 For sure.

00:47:08.000 Well, oh, you'll automate Americans out of jobs. 0.99

00:47:09.000 That can happen, or if you can automate menial, low-skilled tasks, it allows more high-paying, skilled labor jobs for Americans.

00:47:19.000 And that's what we've seen.

00:47:20.000 For example, you've seen plenty of companies who moved to subsidized sweatshop labor in China.

00:47:27.000 Apple did that.

00:47:28.000 And then what did they do?

00:47:29.000 Well, then they expanded rapidly.

00:47:31.000 Then they created new products and services.

00:47:33.000 They had more manpower.

00:47:34.000 They had more brainpower to focus on the kinds of advances that you have seen where you, frankly, have more in common.

00:47:43.000 Well, they actually said, they've talked about this.

00:47:45.000 They've said that young people today are so different as far as they've grown up in the era of a smartphone that people born in the 19...

00:47:55.000 70s had more in common with someone from the time of Jesus Christ.

00:48:00.000 Literally. Pre-smartphone, pre-modern computers than they would with today's generation.

00:48:07.000 Now you can argue if technology has been a good thing or a bad thing.

00:48:10.000 But when Apple started using the subsidized slave labor in China, they became the Apple that you know today.

00:48:17.000 So wouldn't we rather not have slave labor, sweatshop labor automate some jobs here on shore and chance? 0.97

00:48:25.000 These companies providing more jobs.

00:48:27.000 We've talked about that with mugs.

00:48:28.000 There is not an American manufacturer that could meet the demand for mugs because of the kinds of policies that we have seen.

00:48:34.000 So it is made overseas and we have Americans who etch it and paint it. 0.95

00:48:37.000 And that pays a lot more than the bulk cost of mugs.

00:48:40.000 By the way, if you're an American mug manufacturer and you can, please reach out.

00:48:44.000 We still haven't found them.

00:48:46.000 You need to be able to create many, many tens of thousands or hundreds of thousands of mugs.

00:48:52.000 Like that.

00:48:52.000 No one could do it.

00:48:53.000 So, the skilled labor goes to Americans, because that's the only possibility. 1.00

00:48:57.000 Let's go to Apple and look at them.

00:48:59.000 2001. That's when they started this huge partnership with China to set up their manufacturing, their housing, their factories, roads, all this stuff with the Chinese government in order to set up their manufacturing there.

00:49:09.000 What happened?

00:49:09.000 They became the most valuable company for the United States.

00:49:13.000 But a lot of that money is going to a foreign adversary.

00:49:16.000 Wouldn't you rather have those headquarters here?

00:49:21.000 Would you rather have something automated in the United States and everyone else at Apple employed here, or instead of automation, Chinese slave labor? 0.97

00:49:30.000 Again, you do have to kind of look at it and make your choice.

00:49:33.000 There's a reason for it.

00:49:34.000 Because with Apple, it led to a huge loss in American jobs and a huge trade deficit, which has been described by Donald Trump many times and is one of the reasons for these tariffs.

00:49:44.000 Hundreds of billions of dollars a year we lose with China.

00:49:47.000 And unless we solve that problem, I'm not going to make a deal.

00:49:51.000 Now, I'm willing to deal with China, but they have to solve their surplus. 0.97

00:49:55.000 We have a tremendous deficit problem with China.

00:49:59.000 They have a surplus of at least a trillion dollars a year.

00:50:03.000 I think it's like a trillion one.

00:50:06.000 And I want that solved.

00:50:08.000 No other president's taking it on.

00:50:10.000 I hadn't taken it on the last time.

00:50:12.000 And then we had a rigged election.

00:50:14.000 We're not going to lose a trillion dollars for the privilege of buying pencils from China.

00:50:20.000 The privilege of buying pencils from China.

00:50:23.000 He's putting a finer point on it, and by the way, he's mostly correct.

00:50:26.000 This brings us to the third reason, and the primary reason. 1.00

00:50:30.000 Beating China's ass. 1.00

00:50:33.000 That's a big reason for this. 1.00

00:50:34.000 We have a very skewed economy and we have a very significant enemy.

00:50:39.000 I don't know that an enemy has been more underestimated than China in modern history to the United States, especially when you look at exactly what they say they aim to do and exactly how they refer to us, how they treat us.

00:50:52.000 So now in response to retaliatory terror, China said there's gonna be a retaliatory to retaliatory tariffs.

00:50:59.000 Another 34% tariff on U.S. products.

00:51:02.000 And what's funny is China, yes, the communist government of China, accused the United States of economic bullying.

00:51:09.000 The pursuit of so-called fairness is more than just America first.

00:51:13.000 So are you Chinese or Japanese?

00:51:15.000 That's the stance that China has taken on U.S. sweeping tariffs against trading partners around the globe.

00:51:22.000 In a statement on Saturday, Beijing said Washington's move infringes on other countries' legitimate rights, violates World Trade Organization rules, harms the rules-based multilateral trading system, and disrupts global economic stability.

00:51:37.000 It also labeled US tariffs as an act of unilateralism, protectionism, and economic bullying.

00:51:44.000 What? We're bullying?

00:51:47.000 We're bullying?

00:51:51.000 What do you do to Christian converts in China?

00:51:54.000 Hold on a second.

00:51:55.000 We're bullying?

00:51:57.000 How do you treat your workers there in China?

00:51:59.000 I just want to understand.

00:52:01.000 Are people allowed to speak out against the government?

00:52:03.000 Just to your own citizens.

00:52:04.000 Then we're bullying?

00:52:05.000 What kind of tariffs have you had against the United States?

00:52:07.000 What kind of industries have you subsidized specifically to take out business in the United States?

00:52:11.000 To take food from the mouths of our children? 0.69

00:52:14.000 You accuse us of bullying?

00:52:16.000 And this term, protectionism.

00:52:17.000 And I was more libertarian where, again, that was a dirty word.

00:52:20.000 Yeah! Protecting us from China? 0.97

00:52:23.000 Protecting us from communism?

00:52:24.000 Let me ask you this.

00:52:25.000 We weren't major trading partners, obviously, with the Soviet Union, but if during the Cold War, you guys understand, we said, okay, obviously we're not going to be, we're not going to be paying for it, we're not going to be supplying Russia through trade.

00:52:39.000 Through economic exchange.

00:52:41.000 We're going to have a moratorium.

00:52:42.000 We're going to have a ban on purchasing anything.

00:52:44.000 Why? Because they're a nuclear nation who wants to wipe us off the face of the map. 1.00

00:52:48.000 How do we know?

00:52:49.000 Because they've said so.

00:52:50.000 You would never bet on it.

00:52:50.000 Okay, that makes sense.

00:52:51.000 They're an enemy.

00:52:54.000 Why is it wrong to protect you, the American worker, from the communist Chinese government?

00:52:59.000 And President Trump responded to this.

00:53:01.000 The tariffs on truth, he said, all caps, China played it wrong! 0.57

00:53:08.000 They panicked!

00:53:09.000 The one thing they cannot afford to do!

00:53:13.000 Well, if they panicked before, they're going to be crapping in their small little britches right now.

00:53:19.000 Donald Trump just posted something else threatening a 50% tariff if they didn't remove their 34% additional tariff in response to us.

00:53:31.000 So China responds with 34% more, I guess.

00:53:34.000 They're going to do it.

00:53:36.000 Donald Trump's like, well, if you don't pull that off by Tuesday, close of business, I believe is what it is, then on Wednesday, 50% goes into effect on you.

00:53:46.000 That's pretty ballsy.

00:53:48.000 That's pretty ballsy.

00:53:49.000 By the way, it's very rich for the Chinese government to accuse anybody else of doing things unilaterally or for protectionist methods or using protectionist methods to kind of destabilize.

00:54:01.000 This is the most protectionist economy that has ever existed in the history of mankind.

00:54:06.000 They manipulate everything about their economy to the detriment of the rest of the world.

00:54:11.000 And the rest of the world, the only reason that we stand there and go, okay, fine, is because of cheap labor.

00:54:14.000 Right. If we could find another place tomorrow to do super-duper cheap labor and it could be spun up very quickly, we'd go there.

00:54:21.000 Let me ask you this.

00:54:23.000 Research, are you allowed to even wave an American flag in China?

00:54:26.000 No. It's just funny they say we're bullies.

00:54:28.000 I doubt it.

00:54:30.000 We're bullies here in the United States.

00:54:31.000 They can never course correct.

00:54:33.000 Because they kill people who speak out against the communist fashion that takes place.

00:54:39.000 They gotta be careful, too.

00:54:40.000 They keep raising the tariffs on us.

00:54:42.000 We're like their number two soybean importer.

00:54:44.000 Goodbye soy sauce.

00:54:45.000 Yep, yep.

00:54:47.000 No more free packets of soy sauce with your beef and broccoli.

00:54:50.000 Yeah. You gotta pay for that.

00:54:52.000 Now how are your men gonna grow tits? 1.00

00:54:53.000 Yeah. Good luck. 0.99

00:54:56.000 But even trying to send the quiet part out loud, you do have a choice to make.

00:55:00.000 This is a restructuring of the global economy.

00:55:02.000 China Communist.

00:55:03.000 Now, you do have to pick what world you want to live in.

00:55:06.000 A world where China dictates the terms or the United States. 0.82

00:55:09.000 The United States is not perfect.

00:55:11.000 Would you rather live under de facto international Chinese rule or the United States?

00:55:17.000 That is the pick you have to make.

00:55:19.000 And the finance professor of Tsinghua University actually gave a pretty honest take of this, said...

00:55:26.000 We're willing to take on challenge.

00:55:27.000 We're ready to compete with the USA in redefining the global trade system.

00:55:33.000 Meaning this is not going to be what we once knew.

00:55:36.000 This is not we get to benefit from slave labor that's subsidized by a communist nation because we like some cheap trinkets here in the United States.

00:55:45.000 We have to rip off the band-aid and no longer support our adversaries abroad and we have to start looking out for the United States.

00:55:52.000 That is what we are seeing.

00:55:53.000 An entire reconstruction of the global economy.

00:55:56.000 You've been saying you want to fight globalists?

00:55:58.000 This is what it looks like.

00:56:00.000 It's decoupling from the most powerful communist force that is...

00:56:06.000 Do you understand?

00:56:08.000 To give you an idea, the people that we are talking about, the reason for these tariffs...

00:56:12.000 Let's just laser in here. 1.00

00:56:13.000 These tariffs are designed to address the nation that has stolen our manufacturing, that has stolen a lot of our intellectual property, technology, businesses. 0.95

00:56:24.000 And this nation still venerates the single most deadly communist regime that has ever taken place on Earth.

00:56:32.000 Mile. It's not even close.

00:56:36.000 They still have statues and posters.

00:56:38.000 It's not like they course corrected.

00:56:41.000 Which you can at least say about Russia.

00:56:43.000 Okay, alright, Stalin, we're not like...

00:56:44.000 They still have the little red book.

00:56:46.000 It's a lot different than us having Confederate statues.

00:56:49.000 Right. This is to address the government that is, call it, the protege of Mao.

00:56:57.000 Depending who you ask, it's 30 million to 100 million people killed from that communist regime.

00:57:03.000 And they're still, blatantly, self-avowed communists.

00:57:10.000 All of a sudden, some tariffs seem kind of mild, don't they?

00:57:12.000 And why have we gone this long without addressing it?

00:57:15.000 Seems to me that should have happened right away when we started opening up some kind of international trade relations.

00:57:19.000 Wait, hold on a second.

00:57:20.000 That whole running people over with tanks, the whole tens of millions of people who you guys starve to death in the name of communism, right?

00:57:25.000 You're done with that, right?

00:57:27.000 Otherwise, we're not going to be business pals.

00:57:29.000 No one ever did.

00:57:30.000 No one ever did.

00:57:31.000 And Wall Street kept telling us they were going to be the next great superpower, and we just had to accept it.

00:57:36.000 It's Mao.

00:57:37.000 You want to...

00:57:38.000 You want to allow Mao's government to take your job?

00:57:42.000 What are we doing?

00:57:43.000 What are we thinking?

00:57:44.000 It doesn't make any sense.

00:57:45.000 And so in 2003, you had Warren Buffett write an article that actually decried a situation where we had an imbalance of basically ownership.

00:57:55.000 Money that was actually just being sucked out of our economy to the rest of the world versus what the rest of the world was contributing to us.

00:58:00.000 And around that time, it was just under $3 trillion.

00:58:03.000 That's a lot of money.

00:58:04.000 Warren Buffett, a guy right now who says tariffs are terrible and he's the only...

00:58:07.000 Billionaire in the top 20 who's actually increased his fortune.

00:58:09.000 He's a pretty smart guy.

00:58:10.000 He's not going to get everything right, but he raised the alarm in 2003.

00:58:13.000 That was when we were bringing China full force into everything as much as possible. 1.00

00:58:18.000 He said that was a bad thing.

00:58:19.000 Now, it's $23 trillion.

00:58:23.000 That's the kind of deficit.

00:58:24.000 Just think about that right now.

00:58:26.000 Since he raised the alarm, an additional $20 trillion being sucked out of our economy.

00:58:30.000 Think about tentacles.

00:58:32.000 In the United States, from everywhere else in the world, sucking the lifeblood out of our economy.

00:58:36.000 That's what it's like.

00:58:37.000 And we think we can just innovate our way out of this.

00:58:40.000 And to some degree you can, but innovation typically is really, it's happening really closely to manufacturing.

00:58:47.000 That's where the innovation occurs.

00:58:48.000 Yeah. Why do you think China has made such a great leap forward in innovation and technology?

00:58:52.000 It's because all the manufacturing is happening over there.

00:58:54.000 Yeah. You have to be able to pull this stuff back.

00:58:56.000 We have known this forever.

00:58:57.000 Donald Trump's on video talking about this in the 80s.

00:59:00.000 Yes. Talking about all these problems.

00:59:02.000 Like, this is not a new thing.

00:59:03.000 And there are plenty of people.

00:59:04.000 Economists will tell you one way or the other.

00:59:06.000 It'll happen.

00:59:07.000 It'll be 100% sure.

00:59:08.000 And you have people all over the spectrum.

00:59:10.000 But there are plenty of very smart people who've been in the business world who have to deal with this on a daily basis, not in academia, who tell you, you have to fix this.

00:59:18.000 The problem is that we didn't fix it under George Bush or Barack Obama.

00:59:22.000 Because the profits were too good.

00:59:24.000 Exactly. The companies just turned a blind eye.

00:59:26.000 We're making too much money, and now we're about to die. 0.96

00:59:29.000 Donald Trump is the hipster of hating China. 0.93

00:59:31.000 He is. 0.94

00:59:32.000 He's been doing it for years.

00:59:32.000 I hated this.

00:59:35.000 Look, frankly, I...

00:59:37.000 Despise the jinx before it was cool.

00:59:41.000 He'd say it like that in the 80s.

00:59:42.000 It was fine.

00:59:42.000 Sooner or later, those zipper heads will have to pay.

00:59:45.000 I've always said this.

00:59:47.000 Insane. And, by the way, for those of you who are still with us, before I actually mention Tim Pool, this actually just came in from, I believe, the Military Journal 1945.

00:59:57.000 Intelligence analysts have said that they expect the Chinese invasion of Taiwan within the next six months.

01:00:02.000 And, of course, that...

01:00:04.000 Could be catastrophic as far as semiconductors, chips.

01:00:06.000 We've discussed this before.

01:00:08.000 If you are not a Rumble Premium member, we're going to discuss this And more how to address this, the markets.

01:00:13.000 We've talked about the tariffs, addressing the markets.

01:00:16.000 There are people like Ben Shapiro and there are people like Benny Johnson. 0.99

01:00:18.000 There are people on the left and on the right who are addressing it as though either this is idiotic and supporting it is ridiculous or, hey, you don't need that iPhone. 0.99

01:00:25.000 I think these are wrong approaches. 0.99

01:00:27.000 We'll get into that and have some clips.

01:00:28.000 But before that, you had something you wanted to tell me, right, Noodles?

01:00:31.000 I was just letting you know that research had chimed in about the flag thing.

01:00:34.000 They said there's no definitive laws saying that you can't.

01:00:36.000 You can do things like the Olympics, for example.

01:00:39.000 However, Hong Kongers used American flags in their protests, if that tells you anything.

01:00:43.000 Oh, there you go.

01:00:43.000 They knew how to piss off the Chinese.

01:00:45.000 That said, you can manufacture them there.

01:00:47.000 In 2017, 99.5% of the American flags that we brought in came from China.

01:00:52.000 Oh, lovely.

01:00:54.000 Not mine.

01:00:55.000 I stitched my own.

01:00:56.000 There you go, Betty Ross.

01:00:57.000 That's right.

01:00:58.000 Betsy Ross.

01:00:59.000 Look, this readjustment, I would argue, is absolutely necessary.

01:01:03.000 If you disagree, you can let me know.

01:01:05.000 There are always going to be...

01:01:07.000 Short-term growing pains, and I do believe that these are short-term.

01:01:10.000 I do believe, in the end, it's necessary, and I think that we'll come out better for it.

01:01:14.000 And I certainly think that Donald Trump is making a significant effort.

01:01:18.000 If you are not, by the way, a Rumble premium member, you click that, you continue with us.

01:01:21.000 I think we're going to go a whole hour. 0.53

01:01:22.000 We have a lot more to get to as it relates to China and the globalists and gay frogs. 1.00

01:01:28.000 If not, hey, you're watching the lineup. 0.87

01:01:30.000 You just keep on watching.

01:01:31.000 You keep watching.

01:01:32.000 Tim Pool, he's coming up next, and you don't have to pay a dime.

01:01:35.000 We appreciate it, but consider joining.

01:01:36.000 That's the only way we keep the lights on.

01:01:37.000 Donald Trump has really given this the old college try and doing pretty well.

Louder with Crowder - April 07, 2025

🔴 Black Monday: Trump's Tariffs are Causing Global Panic - But Should They?

Episode Stats

Summary

Transcript