A new poll shows that Americans' values are shifting generationally. President Trump revs up the trade war with China, and Joe Biden still isn't sure where he is. Today's episode is all about why you should be pursuing gold and silver as part of your portfolio, and why it's a good idea to diversify your investment portfolio away from the Dow and S&P 500, and into gold and precious metals like Bitcoin and Treasuries, to protect your savings from the vagaries of inflation and the inevitable decline in the stock market, which is why the prices have been rising with the uncertainty surrounding the future of the markets. Get a FREE information kit from Birch Gold Group that includes a 16-page guide on investing in physical precious metals, including gold, silver, and the rarer precious metals such as platinum and palladium, to help you protect your money, your investments, and your retirement accounts. Get a free information kit on precious metals and get access to the latest tools and resources to make your portfolio safer, more resilient, and more resilient than ever before! Get your FREE information guide on precious metal investments and more! Subscribe today using the promo code: "ELISSAFE" at checkout to receive 20% off your first month of your first box of Gold, Silver, and Copper! Ben Shapiro's newest book, "EMERGENCY PRICING" drops on Amazon Prime and Vimeo starting on September 19th! $99.99. Learn more about your ad-free 7-day trial offer! Want to sponsor the show? Subscribe to The Ben Shapiro Show? and get 20% OFF for 7 days of unlimited access to his newest episodes starting July 5th and 6 months of the show, starting July 1st, only, only $99/month, shipping worldwide, and shipping worldwide? Get the best deals on Prime + 7 days worldwide, shipping anywhere else gets you an ad-only deal, FREE on 7 days, starting on 7-AVOIDED PRICEDGEPRICING FREE, starting from $99, starting only $49, starting at $39, and getting a limited offer, and 7-GBRMSRP gets you a maximum of $99 a month, and 5-GBPRIC + VIP access to 7GBR, and a FREE 3 months, and all other places get a discount on the best deal starts at $99 and 4GBR is $99?
00:00:19.000But first, have you noticed that the economy seems to be sort of up and down?
00:00:21.000Have you noticed that the stock market is up and down?
00:00:23.000People seem to be uncertain about the future.
00:00:25.000Well, now might be a pretty good time for you to diversify, considering that Germany is about to enter recession, if it has not already done so.
00:01:00.000When the bottom falls out of everything else, gold does tend to safeguard savings, which is why the prices have been rising with the uncertainty.
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00:01:55.000And that is not a particular surprise.
00:01:58.000Generation Z, millennials, these are kids who have grown up in a morally relativistic universe in which they are told that the only value is acceptance and tolerance, except for acceptance and tolerance of those who think differently.
00:02:17.000Not only that, these are kids who have been taught that in the two-sided sort of war over America's narrative, one side that says America was founded in eternal truth and goodness and was taken away from by the fact that it was concurrently founded at a time in which slavery was reprehensibly present on the American continent and was part of the founding bargain, that when all of this happened, That the good side of America is the side that is worth focusing on because the story of America is a story of us perfecting our own fulfillment of eternal values, right?
00:02:46.000That's a story that was told by everybody from Abraham Lincoln to Frederick Douglass to Martin Luther King Jr.
00:02:52.000Then there's the other side of the American story and that side is America was rooted, as the 1619 Project says, In racism and sexism and bigotry and homophobia, all of our institutions are suffused by it, all of our institutions are replete with it, and thus, these are inextricably intertwined, and the institutions have to be torn down.
00:03:09.000These are the two visions of American history.
00:03:11.000Well, if you're a millennial, or if you're a Gen Z-er, The chances are that you have heard more from your public schooling and from the media world about the second narrative than you have about the first narrative.
00:03:22.000The first narrative is considered parochial and insular.
00:03:26.000That first narrative is considered brazen and wrong.
00:03:30.000It's the second narrative that shows your humility.
00:03:32.000See, the hilarious thing about the second narrative is that supposedly it shows your humility as an American, when in reality it shows your arrogance as a modern person.
00:03:41.000Because, yes, it is more humble to talk about America's flaws in the context of America's history.
00:03:47.000But it is also a lot more arrogant for you to sit around saying that you're so much better than people who lived 200 years ago, as though you would be implementing your values today, 200 years ago, were you only living then.
00:03:59.000You'd have grown up in an entirely different circumstance.
00:04:01.000But we live in a generation that believes that the world began spinning with their birth and this has really been true since the baby boomers who may have wrecked the country and then won't leave us alone as it turns out.
00:04:10.000The baby boomer spends an awful lot of time...
00:04:14.000Talking about how they transformed the world.
00:04:16.000They seem not to recognize how they ripped away a lot of fundamental values that undergirded the American bargain in the first place.
00:04:23.000Anyway, here are the results of the new poll.
00:04:25.000It's a new poll conducted by the Wall Street Journal and NBC News.
00:04:28.000Nearly 80% of people aged 55 to 91 said being patriotic is important to them.
00:04:33.000Only 42% of millennials and Gen Zers, those aged 18 to 38, that's my age group, said the same.
00:04:41.000So about half the number of millennials and Gen Zers as the number of people who are baby boomers and above think that being patriotic is important.
00:04:50.000That's not even talking about nationalism, right?
00:04:52.000There's this rich debate on the right about the differences between patriotism and nationalism.
00:04:57.000Is America a country founded on a creed?
00:04:59.000Or is America a country founded on a culture and ties of blood and ties of history?
00:05:04.000And what exactly makes America, America?
00:05:08.000On the one side, you have people like David French.
00:05:09.000On the other side, you have people like Rich Lowry over at National Review.
00:05:12.000You have Yoram Hazony on the nationalistic side.
00:05:15.000And you have Jonah Goldberg on the patriotic side.
00:05:17.000And there's agreement and disagreement among them.
00:05:20.000That's an interesting and important debate philosophically.
00:05:22.000But all of them would agree that patriotism is important.
00:05:26.000And even Democrats used to agree that patriotism was important, that an inherent pride in country was an important thing, because America is a uniquely wonderful place that has brought about uniquely wonderful things, namely freedom and prosperity to billions the globe over.
00:05:47.000I mean, America is so much more powerful than the British Empire or the Roman Empire, it would boggle the mind.
00:05:52.000And that's not just because of technological advances, that's because of the power of the American economy, which is embedded in all of the other economies globally.
00:05:59.000As America rises, the rest of the world rises.
00:06:01.000As America sinks, the rest of the world sinks.
00:06:04.000Being patriotic is an important part of being American, because there is a lot of us to be proud of, but The Millennials and Gen Zers have been taught that they can actually feel better about themselves by disdaining patriotism.
00:07:16.000No, that's not what we're talking about.
00:07:18.000I can freely acknowledge the wonders inherent in Chinese culture, or British culture, or Italian culture, while recognizing that America is something unique, America is something incredible, America is something to be proud of.
00:07:33.000I mean, this is a massive generation gap, and it's going to have a significant impact.
00:07:36.000Because if you do not feel pride in being an American, well then, what exactly is the culture that you are seeking to preserve?
00:07:42.000What are the ideas that you are seeking to preserve?
00:07:46.000What makes America, what makes our ideas and philosophy and values better than any place else?
00:07:51.000And if they're not better than any place else, well then why should we seek to preserve them?
00:07:56.000Why not just take the advice of other countries on matters related to how domestic policy is done?
00:08:02.000What exactly are the values we should all be defending?
00:08:04.000Now, normally when people say patriotism in the United States, it doesn't just mean that they're proud of the flag or they're proud of the American military.
00:08:10.000It means they're proud of our traditions of free speech, our right to bear arms, the Constitution of the United States, which is a sort of secular, holy document to the citizens of the United States, the Declaration of Independence.
00:08:20.000These are our twin founding documents, the Declaration and the Constitution.
00:08:24.000And respect for those founding documents.
00:08:27.000Belief in the rights that they lay forth.
00:08:30.000Belief in the system of government that they talk about.
00:08:33.000But if you are not patriotic about those things, what in there is worth upholding?
00:08:38.000Maybe you want to substitute a European version of rights.
00:08:40.000Maybe you want to substitute a European version of hate speech.
00:08:43.000Maybe you want to imitate other countries in how they deal with their problems.
00:08:47.000And this is what we are seeing more and more in the United States.
00:08:51.000There's this belief that America is anachronistic.
00:08:53.000Not in a good way, because we are exceptional, in a bad way.
00:08:56.000And this is why you see so many folks on the political left talking about, America's the only country on earth, developed country, that doesn't have a universal healthcare system.
00:09:03.000First of all, we have something that sort of approaches a universal healthcare system.
00:09:06.000That's why we have Medicaid, that's why we have Medicare, that's why we also have laws on the books that require emergency room treatment for people who show up at a hospital.
00:09:13.000We do have something that resembles it.
00:09:14.000It may be too expensive, it may be a bad mix of private and public, but, Obviously, the reason that people talk about this on the left, America, as anachronism, is because they believe that America should be more like other countries, whereas true patriots believe that more countries should be more like America.
00:09:29.000The world would be a better place if countries were more like America.
00:09:32.000You hear this with regard to gun control all the time.
00:09:34.000Why is America the only developed country that allows people to... Why is America the most powerful economy on Earth?
00:09:39.000Why is America the freest country on Earth?
00:09:40.000Why is it that you can come to America and hope to become Bill Gates, whereas you go to Europe and you hope to be on a welfare check the rest of your life?
00:11:06.000That's not the argument that I'm making.
00:11:07.000The argument that I'm making is that a culture of trust requires you to have common values.
00:11:12.000And atheism does not necessarily push a set of common values, whereas if you're going to church with somebody, that certainly is a social institution that does generate common values.
00:11:21.000If you lose these social institutions, you're not spending time with neighbors, you don't know the people you live next to, you don't know the people in your community, there's no social safety net, that is going to lead to the rise of a massive government that is supposed to fill the gap where the social institutions have failed.
00:11:35.000This is why you've seen millennials and Generation Z talking more and more about reliance on the government as opposed to reliance on local community.
00:11:42.000And very often when you talk to younger people and you say, you know, your community will help pick you up, they look at you cross-eyed.
00:11:49.000As religion has decreased in the United States, there's a greater call for the involvement of the collective.
00:11:54.000That collective used to be present in places like churches and synagogues.
00:11:58.000It is no longer present, particularly among young people who have disdained religion because they feel that it's too restrictive with regard to their lives.
00:12:06.000And then they've created their own new religion, and that religion is leftism, a religion that has sinners but no saints, a religion that has no forgiveness, a religion that is as brutal as any religion in history.
00:12:18.000I mean, over the course of the 20th century, leftism sure killed a few hundred million people.
00:12:23.000But the fact is that 30% of millennials in Generation Z say religion is important to them.
00:12:27.000So we don't have religion in common anymore.
00:12:28.000We don't have patriotism in common anymore.
00:12:30.000So you'd say, okay, well, at least we have a belief in the future, right?
00:12:33.000At least we want to make the country better for our kids.
00:12:35.000Except that this poll shows only 30% of millennials in Generation Z say it's even important to have children.
00:12:43.000As a corollary to, I don't care about patriotism and I don't care about religion, the question becomes, why would you think it's important to have children?
00:14:26.000I have children, not because it is quote-unquote enriching to me, although I think it has changed my life in massive, incredible ways.
00:14:33.000As I say repeatedly, I think that having children makes you a better person, because the more responsibility you take on in life, the better a person you become.
00:14:41.000As I've said a thousand times on this show, having children also broadens your vision of the world.
00:14:47.000As I've said, when you're single, your spectrum of happiness to sadness goes from maybe like a 10 to a 0, and then when you get married, your spectrum of happiness goes from like a 20 to a negative 20, because your spouse's pain is also your pain, and your spouse's happiness is also your happiness, and then you have kids, and the upper limit goes away, and the bottom limit goes away, and the worst moments of your life are things happening with your kids.
00:15:06.000And the best moments of your life are also things happening with their kids.
00:15:09.000All of that is a good, self-interested case for having children.
00:15:16.000Accepting more responsibility is tough.
00:15:19.000They cost a lot of money, they're a pain in the butt, it takes 18 years to raise them and they may still be horrible, you have no control over them after they hit 18.
00:15:28.000Having kids is a burden, which is why religion suggested that you must, as a matter of morality, progenerate and have more kids.
00:15:38.000You were put on earth to have more kids and to raise them properly.
00:15:41.000This is one of your missions on the planet.
00:15:42.000This is also bound up in the patriotic mission of having good kids who are going to enact American morality and guarantee a future for the greatest country in the history of the world and the philosophy of that country.
00:15:53.000If you don't have any higher values, in other words, there really is not a lot of reason to have kids.
00:15:57.000In fact, what polls show is that a lot of couples who don't have kids are pretty happy.
00:16:56.000Sure, the entire house of cards is going to cave in on itself.
00:17:00.000And hell, maybe the solution is that you bring in lots and lots of new immigrants, and you don't really worry whether they share your values, because after all, patriotism doesn't matter.
00:17:07.000And they come in, and then they are going to work hard.
00:17:10.000I mean, first of all, there is something deeply cynical about suggesting that immigrants are supposed to come in and pay the bills for you, right?
00:17:15.000I mean, that's really messed up on a moral level.
00:17:18.000Yeah, well, I want some new immigrant who's seeking a freer life to come pay my social security.
00:17:23.000That's absurdity on the highest level.
00:17:24.000But with all of that said, What we are watching right now is a dramatic decrease in all the values that used to unify the country.
00:17:41.000Self-fulfillment, actually, this is, I love this.
00:17:44.000So the value of self-fulfillment, this is where young people are succeeding.
00:17:49.000Okay, so when it comes to self-fulfillment and belief in making yourself feel better, right there, the Millennials and Gen Z really have it on the mark.
00:17:57.000Right there, nearly 80% of Millennials and Gen Z say that it is very important to be self-fulfilled, whereas about 60% of older people say it's important to be self-fulfilled.
00:18:06.000So we are now living in the fully subjectivist, hedonistic, silly ideology of self-fulfillment rather than any vision of morality or objective decency or anything like that.
00:18:21.000What's amazing about this is this doesn't suggest, by the way, that boomers in the silent generation are actually intolerant.
00:18:26.000In fact, in terms of tolerance for others, the boomers and the millennials actually have basically the same value set.
00:18:31.000And the same thing is true when it comes to financial security.
00:18:35.000When it comes to hard work, it's very close.
00:18:37.000And so when it comes to I want to work hard, or I want financial security, or I want to be tolerant of other people, the generations are fairly close.
00:18:44.000The gaps emerge when it comes to higher values.
00:18:46.000When it comes to higher values, older people have it right and younger people have it wrong.
00:19:30.000Under 60% of Republicans say it's important to have kids, which is a shocking number.
00:19:34.000Under 40% of Democrats say it's important to have kids.
00:19:39.000Many more Republicans than Democrats believe in hard work.
00:19:41.000When it comes to tolerance for others, about 70% of Republicans say that that is a high value, as opposed to nearly 100% of Democrats.
00:19:49.000Because obviously, these are the values of difference, and self-fulfillment, Democrats outrank Republicans there as well.
00:19:57.000So the emerging generation just does not have the same values.
00:19:59.000What does this say about our politics?
00:20:00.000It says our politics are about to get a lot uglier.
00:20:02.000Because the fact is that, you know, Clausewitz, the famous military strategist, he used to suggest that war is simply politics by other means, meaning that You're attempting to get something done.
00:20:16.000Well, the problem is when you don't share values with the people you live with, what ends up happening is that is that politics tends to be war by other means, meaning the only thing stopping war is the fact that we're drawing at each other.
00:20:35.000It is true to talk, and it is to war on one another, but the line is getting very thin.
00:20:39.000And if you really believe that the values that distinguish you from your neighbor are worth going to war over, and that the thin veneer of civilization is all that keeps us from being at each other's throats, that's not much of a veneer.
00:20:50.000You need a revivification of American values.
00:21:10.000And we're not teaching young people anything.
00:21:12.000I mean, our educational system is such an enormous failure.
00:21:15.000Parents are failing their kids in teaching their kids.
00:21:18.000There's another poll out today that shows that young Americans are warming to socialism because they don't know what the hell it is.
00:21:25.000According to ABC News, there's a new Pew Research Center poll And it says that more than half of Americans reject socialism in a recent Gallup poll.
00:21:35.00043% surveyed said some version of it would be good for the country.
00:21:38.000That sentiment was held by 58% of respondents aged 18 to 34, compared with just 36% of those 55 and older.
00:21:53.000It means sharing harmony a little bit.
00:21:55.000No, that's not what socialism means, guys.
00:21:57.000It means the nationalization of the means of production and then use of that nationalization to cram down whatever distribution of wealth you find fair.
00:22:05.000Usually with a few people at the top to get rich off of it.
00:22:09.000What we are watching right now is a complete failure of education, a complete collapse in the inculcation of American values.
00:22:14.000And I think part of this had to do with the fall of the Soviet Union.
00:22:17.000I do not think that it is a coincidence that the generation born during and after the fall of the Soviet Union is abandoning core American values and embracing socialism.
00:22:25.000Part of that is because there's no existential threat from a Soviet Union-type state and evil empire that is threatening nuclear annihilation against the United States while simultaneously keeping its people in poverty and poisoning them with nuclear fallout a la Chernobyl.
00:23:12.000Well, it turns out that's pretty difficult to do because the other side, meaning people who don't like the American system, don't have to defend anything.
00:23:23.000And it's sort of the same attitude when it comes to the Middle East where you ignore Israel's opponents and you just focus in on Israel and say, ah, well, look at all these bad things Israel's doing.
00:23:41.000But this is what we have taught our kids to do.
00:23:43.000And again, they believe that America is bad, mainly because they've never lived anywhere else.
00:23:49.000They've never seen the opposition to the United States, and that is disunifying the country.
00:23:55.000All of which brings us to President Trump's trade war with the Chinese.
00:24:00.000Now, I think that there is a solid case to be made for, as Niall Ferguson has suggested, the historian.
00:24:05.000Niall Ferguson has suggested That we need a Cold War 2.0.
00:24:10.000That China is actually incredibly dangerous.
00:24:12.000And I think that this is actually true.
00:24:14.000I think that China is incredibly dangerous.
00:24:16.000We just haven't been talking about it because since the end of the Cold War, we haven't wanted to acknowledge the fact That China's massive growth, which has in fact enriched the United States, free trade tends to enrich both sides because these are mutually beneficial exchanges, but that bringing China into the so-called family of nations was bringing a fox into the chicken coop.
00:24:35.000That China actually is a malevolent force on the world stage.
00:24:39.000And this is not just because President Trump is mad at China.
00:24:42.000This goes back a lot further than that.
00:24:45.000And the Chinese strategy since now has been to see the United States as its opponent and to take measures against the United States.
00:24:52.000This is particularly true under the current dictator of China, Xi Jinping.
00:24:56.000The former Dengistu, it's called after Deng, who was the president slash prime minister.
00:25:01.000He was the leader of the Chinese Communist Party for years.
00:25:04.000His goal was to slowly grow Chinese power without offending the West too much.
00:25:09.000Well, Xi Jinping is now making incredibly aggressive moves around the world in direct opposition to America's interests and saying to people that it's in direct opposition to the United States.
00:25:18.000There are a couple of initiatives that are worth knowing about that that that Xi Jinping is involved in.
00:25:23.000First of all, the continued buildup of the military, the continued testing of treaty violating weaponry.
00:25:30.000Bill Gertz has a great new book out about the threat that China constitutes on the world stage.
00:25:35.000But there are a couple of initiatives that folks really need to focus in on.
00:25:37.000This is where, as I've been saying, I think that President Trump, if he wants a trade war with the Chinese, if he is ready to bring America face-to-face with the specter of Chinese communism, which is aggressive and which does need to be curbed, then the president owes it to the American people to make a speech in which he lays out exactly what China has been doing and why they're a malevolent force.
00:25:56.000Because the fact is, for a lot of years, there's been a lot of people saying, no, China's fine.
00:26:03.000You know, and if they grow economically good, that means fewer people in poverty.
00:26:07.000Look, we all want fewer people in poverty, but we don't want that enriching a regime that is then going to keep a billion and a half people under the communist heel while building up a massive land army, as well as taking over shipping lanes in the South China Sea.
00:26:21.000And just a second, I'm going to lay forth the actual threat of China on the world stage.
00:26:25.000There are several areas in which China is becoming an increasing threat, and in many ways more of a threat than the Soviet Union even was.
00:26:31.000The Soviet Union was an overt threat because of their nuclear-tipped missiles pointed right at the United States, and because of their threats to take over territory in Eastern Europe.
00:26:40.000For example, they had already taken over Eastern Europe, but to move into Western Europe, or to roll on into Areas like Afghanistan, all of that was deeply threatening.
00:26:48.000But the fact is that Russia was a second rate economy.
00:26:51.000China is moving quickly into the ranks of a first rate economy, and they are doing so at the same time that they are building up their military and making the same sort of territorial overtures to regimes around the world to place them in opposition to America's interests.
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00:28:20.000Okay, so let's talk about the threat of China.
00:28:22.000So, China, is involved in something they like to call the Belt and Road Initiative.
00:28:27.000The Economist reported on this back in May of 2017, and they gave a pretty good summary of it, so I'll use their summary.
00:28:33.000They say, over the weekend, Xi Jinping welcomed 28 heads of state and government to Beijing for a coming out party, which continues today to celebrate the Belt and Road Initiative, his most ambitious foreign policy.
00:28:44.000Launched in 2013 as One Belt, One Road, it involves China underwriting billions of dollars of infrastructure investment in countries along the old Silk Road, linking it with Europe.
00:29:06.000So what exactly is the Belt and Road Initiative?
00:29:09.000The project is the clearest expression so far, according to The Economist, of Mr. Xi's determination to break with Deng Xiaoping's dictum to hide our capabilities and bide our time, never try to take the lead.
00:29:19.000The Belt and Road Forum, which was actually called BARF, is the second set piece event this year at which Mr. Xi will lay out China's claim to global leadership.
00:29:26.000There is also the World Economic Forum in 2017.
00:29:30.000The ultimate aim here is to make Eurasia, dominated by China, an economic and trading area to rival the transatlantic one, dominated by the United States.
00:29:39.000This is one of the reasons why President Obama, for all the crap he took for it, was actually not doing the wrong thing with the Trans-Pacific Partnership.
00:29:46.000There are holes in the Trans-Pacific Partnership.
00:29:49.000That deal needed to be opened up so that we could actually take a look at it.
00:29:52.000But the idea of creating a trading block to shut out China was actually quite a good one.
00:29:56.000Behind this broad strategic imperative lie a plethora of secondary motivations.
00:30:00.000And it is the number and variety of these, says the economist, that prompts skepticism about the coherence and practicality of the project.
00:30:06.000By investing in infrastructure, Xi hopes to find a more profitable home for China's vast foreign exchange reserves, most of which are in low-interest-bearing American government securities.
00:30:14.000But that's not really what this is about.
00:30:17.000Really, what they want is to invest in volatile countries in Central Asia so that they can expand their areas of influence.
00:30:23.000By encouraging more Chinese projects around the South China Sea, the initiative could bolster China's claims in that area.
00:30:29.000When belt and road, belt refers to the actual roads, the road refers to sea lanes.
00:30:34.000The sea lanes are what China wants to take control of.
00:30:37.000So this may not be a smart investment on a monetary level, but this is obviously a foreign policy initiative that the Chinese are trying to use on foreign countries.
00:30:47.000They're offering them all sorts of sweetheart deals in order so that they can help control their economy and control their foreign policy future and direct it against the United States.
00:31:07.000China has been sponsoring Huawei, right?
00:31:10.000They are using literally billions of dollars to pump money into the development of 5G, and they're offering it more and more to developing countries at discounted prices.
00:31:25.000Many countries are simply taking Huawei's technology because it's cheaper.
00:31:29.000And, okay, well, if the Chinese have a backdoor to grab data, the Chinese have a backdoor to grab data.
00:31:34.0005G, according to CNBC, is designed to bring faster speeds and lower lag times than previous wireless networks like 4G and 3G.
00:31:41.000While much has been said about how the networks will give consumers faster downloads of videos or games, 5G is perhaps more importantly a potential game changer for functions such as driverless cars or remote surgery that require quick, reliable internet connections.
00:31:54.000Mobile operators like Verizon and AT&T have started trying their own 5G.
00:31:57.000China is taking a centralized approach.
00:31:59.000They're pumping money into the technology as a government initiative.
00:32:03.000officials say that Chinese companies, like Huawei, should not be allowed to build out the critical infrastructure, such as radio networking equipment and software, that would enable 5G.
00:32:11.000They warn that Huawei equipment could create a backdoor for the Chinese government to spy on American networks.
00:32:17.000Intelligence experts have been skeptical about Huawei's assurances that they aren't a security risk.
00:32:21.000And you've seen the Trump administration crack down on Huawei specifically because of all of this.
00:32:26.000China has the ability and the desire to weaponize technologies like 5G.
00:32:30.000Not only that, once they have their own 5G network and all of America's ISPs are expected to operate off of Huawei's 5G network, well then it's going to be very easy to control information that is going into and out of countries.
00:32:42.000Google is, as Peter Thiel has pointed out, Google is already cutting deals with the Chinese to restrict the flow of information into China if they hope to operate in-country.
00:32:50.000Well, what happens when China expands its 5G across Africa, into Latin America, across Asia?
00:32:55.000And suddenly, information cannot penetrate there.
00:32:59.000When it comes to information warfare, 5G is actually extraordinarily important.
00:33:03.000So if President Trump wants to talk about infrastructure building, then what we actually should be talking about, if we want a moon project, we should be developing an American 5G network that is cheaper, faster, and more reliable than the Chinese network.
00:33:14.000And then we should make that technology available to American private companies.
00:33:33.000You have to understand that China is a communist country.
00:33:36.000China is a country that wishes to see a centralized government dominate every aspect of life.
00:33:40.000China has rolled out in-country A system of social ranking that allows people to be barred from certain professions.
00:33:46.000It allows people to be treated in a certain way because the government gathers information about you and then ranks you as a citizen.
00:33:51.000If that sounds creepy and big brother, that's because it is creepy and big brother.
00:33:55.000China has a million people in gulags basically right now for the crime of being Muslim.
00:34:01.000Rather than talk about America and the West being Islamophobic, nobody seems to talk about the Uyghurs in China, if that's how it's pronounced, who are being held, a million of them, in internment camps because of their religion.
00:34:14.000When I said earlier that America needs an ideological opponent to contrast, China would be it.
00:34:19.000Now would be a pretty good time for President Trump to lay that out.
00:34:21.000I'll talk a little bit more about that in just a second.
00:34:24.000But first, there are a lot of types of car on the roads, and that means it's very difficult to find all of the car parts that you actually need for your car when you just go to a local auto parts store.
00:34:33.000Instead, what you need is a thing called the interwebs.
00:34:35.000And on the interwebs, there's a thing called RockAuto.com.
00:35:47.000Pacific, for our latest episode of The Conversation.
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00:37:59.000Now, really, what he should be doing is if he's gonna call for Americans to make a sacrifice, he should be making a speech laying out all the stuff I just explained to you.
00:38:06.000Laying out China's philosophy, laying out the government's philosophy, what they're trying to do, why Xi just decided that he would make himself dictator for life, what his actual vision for the world is, and that vision includes a centralized Chinese-dominated government sphere that ranges all the way from China and across Asia, even down to Africa and Latin America, where they're trying to push into the 5G network area.
00:38:27.000They're trying to use their Belt and Road Initiative all across the world.
00:38:34.000And frankly, he should lay this out because the American people have been lied to by policymakers on both sides.
00:38:39.000The Bush administration treated the Chinese with kid gloves.
00:38:41.000The Clinton administration certainly treated the Chinese with kid gloves.
00:38:44.000They went so far as to basically allow the transfer of technology to China that violated national security precepts.
00:38:51.000The Obama administration was incredibly soft on China, except for maybe the TPP.
00:38:56.000Well, Trump has not been soft on China, but he's not been clear about why he's not being soft on China.
00:39:00.000Instead, he has suggested that China is screwing us on trade, which in some ways they are.
00:39:05.000I mean, they've cheated on trade, but that free trade is really the problem and that there's not going to be any blowback economically if we are to cut off the Chinese at the knees.
00:39:18.000It's true also with regard to intellectual property theft.
00:39:22.000It may be true with regard to subsidies, although when another country subsidizes a particular business, sometimes that's actually good for the United States' economy.
00:39:30.000Nonetheless, the real case against China is a security case.
00:40:12.000Okay, what Trump says there is 100% true.
00:40:14.000Okay, the fact is that the United States treated China with kid gloves because they were trying to separate off China from the Soviet Union.
00:40:20.000This is why Nixon opened China back in the 1970s.
00:40:23.000And since then, the Russians have gone down, the USSR has gone down the tubes, but the Chinese government has become a world threat, a serious international power.
00:40:31.000Trump said yesterday, I could declare a national emergency if I really wanted to get American businesses to stop doing business with China, I could just declare a national emergency.
00:40:41.000That would not be the best way to do it.
00:40:43.000But the fact is, he needs to lay out for the American public why China is a threat, not just because they're, quote-unquote, screwing us on trade, but because they are an international threat to the international system, representing what socialism actually looks like when a top-down government controls every aspect of life.
00:41:05.000When they steal and take out and intellectual property theft, anywhere from $300 billion to $500 billion a year, and when we have a total loss of almost a trillion dollars a year, for many years this has been going on.
00:41:43.000If Trump wants leverage against the Chinese, he has to motivate the American people to be behind him in his adversarial action against the Chinese, because the media obviously are going to play this game where they suggest that Trump should just cut a deal with the Chinese and that it's Trump's fault the economy is sinking.
00:41:57.000And that's what's going on right now, because there is a third player in U.S.
00:42:00.000versus China, and that is public perception, American public perception.
00:42:08.000He can at least imprison them or ruin their lives.
00:42:10.000But Trump has to worry about public opinion.
00:42:12.000So if you want to negotiate with the Chinese and you want to present a strong face to the Chinese, you have to make the American people aware of what it is the Chinese are doing.
00:42:21.000And it can't simply be offhanded remarks about intellectual property theft.
00:42:27.000You actually have to lay out what China's ambitions are on the world stage.
00:42:32.000President Trump, again, has been sending these mixed signals.
00:42:34.000And I think that Trump is the only president in my lifetime who's actually been taking the proper adversarial view of China, but he's not laid forth exactly why he is doing that.
00:42:42.000And that's what I'm calling on him to do.
00:42:44.000I think President Trump can make a very strong stand here against the Chinese government and explain to the American people why he is doing what he is doing.
00:43:04.000He said that he will work brilliantly with the Fed in order to make the United States economy better, etc, etc, etc.
00:43:12.000But then he got to his real target of ire.
00:43:15.000As our country has lost stupidly trillions of dollars with China over many years, they've stolen our intellectual property at the rate of hundreds of billions of dollars a year.
00:43:24.000We don't need China and frankly, would be far better off without them.
00:43:28.000The vast amounts of money made and stolen by China from the United States year after year for decades will and must stop.
00:43:32.000Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing your companies home and making your products in the USA.
00:43:40.000I will be responding to China's tariffs this afternoon because China levied some tariffs
00:44:57.000If you could substitute Mexico for China, it's not a good argument.
00:45:00.000The reason that we should be opposed to what the Chinese government is doing is not merely because they've stolen our intellectual property, although that's a pretty good reason.
00:45:07.000We should be opposed to what the Chinese government is doing because socialism is evil.
00:45:12.000Centralized government, nationalized government is evil.
00:45:14.000It has proved itself so over the last century and a half.
00:45:18.000But Trump is focusing on the economics of this in a sort of Peter Navarro way, and that is not economically accurate.
00:45:25.000And he's setting up, from a political perspective, he's setting up expectations he won't be able to fulfill.
00:45:30.000If he makes this all about how breaking up with China is going to benefit the American economy, no such luck.
00:45:37.000Hey, you are asking the American people to undertake a sacrifice.
00:45:40.000And during World War II, FDR was not shy about explaining to the American people the sacrifices they would have to undertake.
00:45:46.000During the Cold War, JFK was not shy about asking the American people what sacrifices they would have to undertake.
00:45:53.000And Trump should not be shy about telling the American people the threat of China, and explaining the threat of China, because China is, in fact, a threat.
00:46:01.000China's a threat, and pretending that China's not a threat is a mistake.
00:46:04.000And by the way, this would be a good Good, great opportunity to explain the differences between the American system and the Chinese system.
00:46:12.000Instead, here's the way this looks like this is gonna go.
00:46:15.000It does not look as though the Trump administration is going to take a hard line position on China for the foreseeable future, simply because if Trump is unwilling to explain why Americans should sacrifice to fight Chinese influence around the globe, like Hong Kong, why isn't Trump on TV every night talking about Hong Kong?
00:46:31.000Wouldn't this be a perfect example of Chinese Violation of treaties?
00:46:36.000I mean, they literally signed a treaty with the British in 97, when the British abdicated in Hong Kong, that they would not violate the human rights of the people of Hong Kong.
00:46:57.000If he's talking about North Korea as a world threat, he used to talk about China placing pressure on the North Koreans.
00:47:04.000Well, the fact is that if we're going to face down the Chinese, there will be sacrifices that are necessary.
00:47:08.000But I think the most likely scenario here is that the Chinese force Trump back to the table, not because Trump is likely to want to come back to the table, but because if he does not, then the economy is likely going to sink further as we approach the election.
00:48:11.000Apparently, the Treasury Secretary, Steve Mnuchin, told reporters that Chinese Vice Premier Liu He had called for talks to resume when Trump pressed him for details during a bilateral meeting later in the afternoon with the Indian Prime Minister.
00:48:23.000It was not immediately clear if Mnuchin was referring to a phone call Liu made to the U.S.
00:48:27.000officials or his comments at a technology conference earlier that day.
00:48:32.000Trump is taking the position that the tariffs are helping the American economy.
00:48:35.000They are not, of course, because tariffs don't generally help any economy, including the economy that levies the tariffs.
00:48:43.000Again, I think that the leverage right now, because Trump has not made the case to the American people, is on the side of the Chinese, also because, again, he doesn't have to worry about his own people.
00:48:51.000If they fuss with him, then he simply imprisons them.
00:48:55.000So that means that the Chinese have the leverage, unless Trump makes the case.
00:48:57.000So, Mr. President, make the case, get out there, explain to the American people why you are doing what you are doing.
00:49:02.000And it is not just because trade wars are good and easy to win, because that is not true.
00:49:06.000But China is an imperturbable foe, an imperturbable foe.
00:49:40.000There was kind of a screw-up at Disneyland, and so I couldn't take my kids, which was too bad.
00:49:44.000But, we decided instead that we would take them to their first in-theater movie, which is always a risky proposition, because I have a five-year-old and a three-year-old.
00:49:50.000She is fully capable of sitting through a movie in a theater My son, not so much.
00:49:56.000He's up and down, he's bouncing around.
00:49:58.000But, we went and saw Toy Story 4, and it's pretty great.
00:50:01.000Okay, the Toy Story series, I have to admit, when I saw the first Toy Story, I was not a huge fan.
00:50:34.000Forky is the most important toy to Bonnie right now.
00:50:37.000We all have to make sure nothing happens to it.
00:50:39.000So one of the things that Pixar has done so well over the years, of course, is they've really placed adult messages in children's films.
00:50:46.000This movie is basically about baby boomers retiring.
00:50:49.000That really is what the movie is about.
00:50:51.000And deciding to get out there and have fun with your life and not dwell on the past, that's really what this movie is about.
00:50:56.000What's interesting about the Toy Story series is it starts off as a series about children and childhood, and then it moves through adolescence, and then it moves to adulthood, and now it's moving to retirement.
00:51:06.000It sort of dealt with death last time around in Toy Story 3.
00:51:16.000And again, one of the great things about Pixar is that you can really enjoy the film as an adult, even as your kids are laughing at it while they completely miss the deeper messages of the film.
00:51:26.000Okay, time for a quick thing that I hate.
00:51:33.000All righty, so Andrew Luck is this terrific quarterback of the Indianapolis Colts, or should I say ex-quarterback of the Indianapolis Colts.
00:51:40.000He won comeback player of the year last year.
00:51:42.000He was seen as sort of the great hope to replace Peyton Manning in Indianapolis, and he was great.
00:51:50.000I mean, last year he threw for 39 touchdowns.
00:52:36.000Okay, in seven seasons with the team, he led them to the playoffs four times.
00:52:40.000In the three years he didn't, it was because he missed games due to injury.
00:52:43.000You know, the fact that he was booed off the field, I understand as a fan being upset that the quarterback on whom your team had staked its future is leaving.
00:52:53.000But the fact is, he's gonna have to live with his body for the next 60 years, and you are not.
00:53:10.000There's something to be said for the idea that the NFL really should have taken a different tack on all of this, which is, yes, we're a dangerous sport.
00:53:23.000But because the NFL wants to be a youth sport and a mainstream sport and not sort of an underground violent sport, because of that, they have moved into this weird area where they proclaim that they are safe, while they are not, in fact, safe.
00:53:34.000Well, the retirement of Andrew Luck is going to be another blow to that sort of press for the NFL.
00:53:49.000And if he decides to no longer do the job, that is not his obligation.
00:53:52.000And if fans don't like it, well, frankly, they can stick it because they're not the ones who are going to have to live with concussions and broken ankles and inability to walk around without pain the next morning.