01:26:13.280You need to know what all of this means about the tariffs.
01:26:17.680We are waiting for a response from the Supreme Court.
01:26:23.840They had mentioned that they may have released this decision this week, and then that kind of disappeared, which makes me a little nervous.
01:26:31.700Because I want you to understand, this is massive, absolutely massive.
01:26:38.520And it is an important question, constitutionally.
01:26:42.260Can the president issue these tariffs and use them the way he has?
01:26:46.340He says yes, because it's a national emergency.
01:26:49.580The left made the argument that now this isn't a national emergency, but I would just like you to hear this out.
01:26:58.620But most importantly, I want you to understand what this decision does to you, to the United States, and to the world.
01:28:54.860They are how the United States, without firing a bullet, forces negotiations,
01:29:01.600disciplines bad actors, signals seriousness in a world that only respects strength backed by action.
01:29:07.880The reason why Donald Trump is able to change the world right now is because people are taking the president of the United States seriously,
01:29:17.020really, truly seriously for the first time, because he's not playing by the same rules that have been established by the same people that have been screwing us forever.
01:30:16.420First, if the Supreme Court decides that the president does not have the power to do what he has done, you're not going to feel it, you know, the next morning when you're buying coffee.
01:30:27.980But you will feel it when your job becomes non-competitive.
01:30:32.220And we're having enough problems with that as it is.
01:30:34.400When your pension assumes growth that never arrives, when your kid discovers that they're competing not just with the kid down the street, but also with the state-subsidized labor halfway around the globe.
01:31:07.700Already we're teaching the world that every four years we change directions.
01:31:11.700If you don't think that if the Democrats win in 2028, we're going to turn this ship around as fast as they possibly can, and they will be going the 180 degrees in the other, you lose respect for the world.
01:31:26.820The world is like, they don't know what they're doing.
01:31:29.260We can't trust them because they're constantly changing.
01:31:33.600Because what comes next will not be decided by the voters.
01:31:36.740It will be decided by governments that don't ask permission, don't consult courts, they don't apologize for advancing their own people first.
01:31:47.460It's about whether your children inherit a country that can set its own terms or one that is permanently reacting to terms that is set by others.
01:31:55.740And I don't want to react to those terms set by the rest of the world anymore.
01:36:18.680You can cheer the court if you want, but understand what you are cheering for, because when the lever breaks, the wave does not ask who you voted for.
01:36:29.440And if you are for a new world order, as Mark Carney has just said, the prime minister of Canada, as he wants to side with China, that's exactly what this will further.
01:36:43.000I think people, I think you need to urge your friends to get closer to God, get closer to family, repair the things that you can repair.
01:37:04.320Correct the problems in your own life that you can correct.
01:37:57.140You have people who are bad actors, people who think it's funny, think people who are just trying to advance some sort of, I don't know, whatever.
01:38:05.200And they're messing it up for the rest of us, and we're buying into a lot of this.
01:38:09.740And every time you are wrong on something, your credibility goes down a little bit.
01:38:13.920And I'm telling you, credibility is the only thing that will matter in three years.
01:38:21.300You say what you mean and mean what you say.
01:41:08.820All you have to do is now get it from My Patriot Supply.
01:41:12.160And the best part, the Vesta and a bunch of other preparedness gear come as free gifts when you order the winter survival kit from My Patriot Supply.
01:42:17.860And you should watch it because it really shows you if we go into this trade thing, if this happens, capital controls are going to come out of the woodwork, I believe.
01:45:06.100So you're seeing them already when people say, like Mom Donnie says, you know, you have to be a certain color for you to have the same relationship with private property.
01:50:20.700So I think that you're absolutely right that this is massive chaos, particularly if they say that the administration has to do refunds.
01:50:33.900Because from an administrative standpoint, both at the federal level, but then also trickling down to all of the businesses who may have passed tariffs onto their customers, in some cases, transparently.
01:50:48.420The undoing of that is going to be just mass, mass chaos, which is why I think we could very well be in for a hybrid ruling.
01:51:00.220One where they say, okay, you don't have the emergency powers, but we're going to not make this retroactive.
01:51:28.520I'm talking about because all these tariffs, they're all levers to change the world into our direction.
01:51:34.740So all of these agreements that he's got, now everybody's going to look like president doesn't, president can't do what he says he wants to do.
01:51:43.960And all of these things that have pushed rare minerals our way, it's all up for grabs again.
01:51:49.180And it's going to make China look stable.
01:51:51.660Let me potentially talk you off the ledge and then throw some good, good possibilities out there, which, again, is a little, a little reversal of rules.
01:51:58.500From a foreign policy standpoint, I understand that trade has been a lever, but the strength of Trump and the military and sort of his unpredictability and his suite of tools has been absolutely unparalleled.
01:52:17.320From, you know, helping to free the hostages in Gaza, to the surgical strike in Iran, to the capturing of Maduro.
01:52:28.120I mean, everybody is on notice, and I don't think a ruling on tariffs is going to undo the absolute strength that we have shown on the world stage from that standpoint.
01:52:41.180Furthermore, and obviously, you know, I am not a legal expert, but in my research, you have folks who do these things, research these things, like Cato, believe that there are other tariff options that are not emergency tariff options.
01:52:58.820So if it is struck down, there is no doubt in my mind that the administration has already decided whether it's the Trade Expansion Act for, you know, national security reasons, whether it's the, you know, balance of payment issues.
01:53:13.380There are multiple sections of trade acts where they can pivot.
01:53:17.140So, yes, it's a setback and one that, in my opinion, is an unforced error.
01:53:22.500But I think that there is so much strength from this administration in other areas and other options that it won't be as bad.
01:53:48.760I think they are concerned, but they were prepared for this going either way.
01:53:53.740And I do think that the reason why the court decision hasn't come out this week, which they talked about maybe coming out this week,
01:54:01.160I think one of the reasons why they're delaying is they're trying to split the cat, if you will, and make sure they don't do complete, you know, just devastation to everything.
01:54:13.540Trying to find a way that kind of keeps the Constitution.
01:54:17.540The Constitution gives the president powers that he might need.
01:54:21.760And more importantly, give everybody a chance to find a way out.
01:55:05.920Yeah, it's interesting, because if you listen to the Trump administration and the AGs, they're saying, we have no idea what Powell's talking about.
01:55:15.140You know, we never said it was indictment.
01:55:16.580We're just trying to get some information from him.
01:55:18.900And so the fact that you have Powell coming out in an unprecedented move, I mean, the Fed does not make statements
01:55:25.360outside normal scheduled business hours and scheduled statements.
01:55:29.940And by the way, if you watch the statement, it's like a hostage video.
01:55:54.900But it does come off political, if that is actually what's happening, which is sort of unclear that that's actually what is happening.
01:56:05.260But I think if you're going to go after the Fed for anything, the absolute cavalier nature of the fact that they have hurt affordability for Americans, they've made housing unaffordable, they've helped enable our tremendous debt.
01:56:21.500There are so many things that we can go after the Fed for that, you know, the cost on a renovation that's not being funded by taxpayers directly seems strange.
01:56:32.020Unless, again, very, very, you know, 4D chess here.
01:56:56.560Per CNBC, the president made comments today.
01:57:01.040And the frontrunner for the position was Trump's top economic advisor, a different Kevin, Kevin Hassett, that we all know, had the director of the National Economic Council.
01:57:10.640Now, Trump is saying, well, you know, Kevin, I really like to keep you in this place, which made everyone go, oh, Kevin, you know, Hassett's not the top pick.
01:57:22.680And the concern with Hassett is that he's too tied into the administration, that he would be, you know, sort of a wonky economist that's doing Trump's bidding.
01:57:31.900Kevin Warsh is somebody who is a former Wall Street guy, former M&A banker that went into politics.
01:57:39.020He was appointed to the Board of Governors of the Fed by George W. Bush.
01:57:44.260And so he has that experience, but he also is sort of a liaison.
01:57:49.380So during the Great Recession financial crisis, he was the one who was liaising between the Fed and the banks and the White House and creating that.
01:57:58.860So he's seen, even though he's somebody who wants to lower interest rates and he's aligned with a lot of the president's policies, he's somebody who's considered more credible in that type of position.
01:58:43.640They are leading the AI revolution, all of that.
01:58:47.040Then they attack that very revolution.
01:58:49.800At the time when that revolution is going to make or break your area, they get rid of all of your electricity.
01:58:56.440Then they start going after those billionaires that have set all of those things up and get them to move all of their assets out of California.
01:59:03.600What the hell is California going to have left in the end?
01:59:08.100Well, I'm less concerned about California as I am about the rest of the country, because this is something that is going to have reverberations throughout the country.
01:59:17.440We know every bad economic proposal this country has is incubated in California, and then it ends up spreading.
01:59:25.600So if this is something that is adopted, and you talked about capital control, let's try to trap wealth here in the state.
01:59:31.660You know, if it's January 1st and you are not out of here yet, we're going to make this retroactive.
01:59:37.120Well, that's because there are other states to go to.
01:59:39.700If Democrats get behind this nationally, this means this could be enacted not only nationally, but we know no policies that come out for the wealthy ever stay with the wealthy.
01:59:52.440But also something that you've talked about that's so critically important is we are in a race for our lives with tech, for the future of this country in terms of the economy and growth and national security.
02:00:09.260And if we have a disruption in innovation, if we have a disruption in the stock market, which all of a sudden impacts all of us and all of our wealth, these are things that don't just impact the billionaires.
02:00:25.420It rolls out to the rest of us and hurts the country overall.
02:00:30.760So we can't just poo-poo it and say, oh, it's California.
02:00:34.100You get what you vote for, because this has real consequences for everybody.
02:00:38.220I will tell you that that's why a new stock market is being built here in Dallas, Texas, why Elon moved to Texas, while they are building power plants and everything else that they can to invite that money here.
02:00:50.920I think the capital of innovation and money just may end up being Texas in the end.
02:00:58.100And by the way, we were talking about California and you said this will spread.
02:01:01.400But I think on that list of absolute spreading to trapping money in states, New York, California, Washington state, Illinois, I mean, it's just going to happen, right?
02:01:19.540And we've seen it here in Chicago just from bad policies.
02:01:24.300We had our biggest billionaire, Ken Griffin, who left.
02:01:28.660Not only did he take his tax revenue, he took his philanthropy with it.
02:01:32.680And now the middle class is having to pay crazy increases in property tax and energy and the like because we no longer have that tax revenue and they have shrunk the pie.
02:01:42.980And nobody is economically illiterate or economically illiterate.
02:01:46.920All those charities are now like, what happened?
02:03:03.360Particular kind of fatigue that doesn't come from doing, you know, too much.
02:03:06.880It comes from constantly managing discomfort.
02:03:10.100Adjusting how you sit, how you stand, how you move.
02:03:12.320Little compromises that you make all day without thinking about it.
02:03:15.360I am getting ready to go in for some back surgery because I am just off the charts with nerve pain and just can't take it.
02:03:25.260And I got to tell you, there are days that I'm at 8 o'clock in the morning and I'm exhausted just from managing the pain.
02:03:33.260Now, this doesn't get into nerve pain, but this does get into the little aches and pains that you've had or your shoulder, your knees or whatever.
02:03:39.640The things that are caused by inflammation.
02:03:42.100A lot of people who take relief factor say the same thing.
02:03:45.160They didn't realize how much energy they were spending managing pain until they didn't have to anymore.