Jonathan Bass, CEO of PTM Images shares his thoughts on the ongoing trade war between China and the United States, and the potential impact it could have on our economy. He also talks about the impact of the strikes in China and how they could impact our economy and our manufacturing sector.
00:00:00.000Hello, everybody. Welcome to the Great America Show. Glad to have you with us all together as we fight for the American way to preserve and protect it and our great constitutional republic.
00:00:12.520We've got a lot of work ahead of us. That's all right, because we're already seeing signs our efforts are paying off.
00:00:19.040Take the New York Times, for example. The New York Times, with an article this week alerting the Marxist left Dems, the entire Democratic Party, that is, that there's a Republican effort afoot to actually demonstrate how the 2020 election was rigged and how to fix the electoral system before this November's midterm elections.
00:00:40.020And yes, some believe that 2020 votes could still be decertified. Even fewer believe if some votes could be decertified, that President Trump could be reinstated as the rightful winner of the 2020 election.
00:00:55.720That does not seem to be a proximate reality.
00:00:59.300While most of the article rants about decertification efforts and implausibility, the subtext of it all seems to acknowledge the Dems' discomfort with Trump supporters and Trump supporter efforts to fix the election that was obviously rigged, if not in all cases illegal.
00:01:17.480That discomfort seems less driven, though, by decertification efforts than the fact Republican energy is building at our local and state level all across the country.
00:01:29.680And heightened Republican participation in local politics and elections to assure electoral integrity, well, that's upsetting Dems because it would doom any attempted repeat of the 2020 Dems strategy this year.
00:01:46.460That obviously is deeply concerning and upsetting to the left.
00:01:53.960And I hope you, your family and friends and neighbors are all planning to be full participants and volunteers in your local elections this November.
00:02:05.900And big issues all around us, of course, and more building the Russian war against Ukraine, the threatened Chinese war on Taiwan,
00:02:14.200hyperinflation in America, wide open borders with Mexico, to name but a few of the issues, and all of those issues and more do affect America and all of us.
00:03:12.660I actually think that we're going to see in the next six months a large disruption in supply chain.
00:03:19.160Right now, with the COVID shutdowns raging throughout China and the lockdowns, that means that people can't go to factories and work and trucks can't cross from one province to the other without permitting.
00:03:32.600So the issues really are, you know, there's a ton of boats waiting outside the, you know, coast from north to south in China.
00:03:41.140And all those goods that were supposed to be produced now that should be hitting our markets in six months are going to be delayed.
00:03:48.440Now, they are saying the trade has been surging between China and Russia.
00:03:54.060The trade is surging between China and Russia because all the goods that were supposed to hit pre-Christmas that were paid for and sitting at ports hit in February, March, and April.
00:04:05.900And so our warehouses are stocked with goods, but they're all goods that were supposed to be here for our Christmas season.
00:04:13.160So it's going to be interesting what six months from now is going to look like.
00:04:16.860They said that the L.A. ports have started to get some relief.
00:04:20.840Well, there's relief because there's no ships coming into port.
00:04:23.840So they have still 60 to 80 boats outside 150 miles.
00:04:28.700And then they have about 20 on the last count in, you know, just circling around port.
00:04:35.500And we're also talking about very little that's being actually exported to China in the way of value-added goods, that is, finished goods.
00:04:49.160We are seeing huge supplies of basic commodities, which is popular for third-world country exports,
00:04:57.760but that doesn't make sense for the most developed economy on Earth to be the net exporter on the basis of commodities, for crying out loud.
00:06:45.860Well, China, Apple has Foxcom doing its dirty work in China.
00:06:53.040And they are subject, they're a Taiwanese company that is subject to, you know, Chinese regulations and laws.
00:07:03.980And, you know, a typical factory is probably about 10,000 people in direct employees.
00:07:13.000But remember, the first employees to jump off of a building, off the dormitories, where they had to install nets in Shenzhen were the Foxcom factories.
00:07:24.980So the conditions in working in these factories are so horrendous that your only way out is to jump from your bedroom and kill yourself.
00:07:36.440Labor and corporate America, they've demonstrated time and time again in corporate America that they're willing to labor arbitrage anywhere in the world.
00:07:52.280But in China, and a couple of other countries as well, but in China, we're talking about the Uyghurs, we're talking about labor conditions that are absolutely inhumane.
00:08:03.280No one is speaking honestly about American corporations who have offshored production, who've outsourced jobs, and who are doing so in support of a totalitarian government that is simply inhumane.
00:08:19.920You know, globalists were, or internationalists, where they began.
00:08:25.780I mean, we started with Nixon trying to create bridges with China to checkmate Russia out.
00:08:34.940And, you know, we look at what our presidents do and their actions, and we say, you know, presidential actions don't really mean much.
00:08:41.680They have four years, and they're elected another four.
00:08:43.860But if we look at Nixon's opening with China, the impact was 50 years later that we were squeezed out, and it was Russia and China sitting, Xi and Putin sitting, planning, you know, the takeover of the world 50 years later, and the Americans weren't even at the table.
00:09:01.340And then you look at 40 years later, and then you look at 40 years ago with Carter, and supporting, you know, the Ayatollah against our friend, the Pahlavis and the Shah, and taking our presence out of Iran, left a vacuum for the Iranian regime to be the most destructive, disruptive entity in the Gulf, which actually has the most power within this.
00:09:28.480And then you look at Clinton, who came in, what, 25 years ago, put the WTO in place, and put China from an $800 billion economy to the second largest economy in the world.
00:09:42.600If presidents don't have power, what Biden is doing is going to affect our grandchildren's lives, and we just don't see it yet.
00:09:50.300So this issue going on right now with trade and our intent of our globalist companies to search out the lowest cost labor or even slave labor at that point is the wrong attitude.
00:10:04.480We weren't built on capitalism at slave labor.
00:10:10.440We fought a civil war, losing 650,000 lives in defense of the freedom of labor and fair labor.
00:10:18.480So, you know, I think we need to look at ourselves and look at is low, you know, saving money and low price the bellwether for what a capitalist society is?
00:10:34.660Or are we better off looking at America 25 years ago that we were producing the best cars, the best refrigerators, the best washing machines, the best furniture, the best of lighting, the best of everything?
00:10:48.480And now, by outsourcing everything, we're producing subpar products because we can't pack our cost of labor into items and be competitive on a global basis against slave labor.
00:11:01.840And don't you love, and I'm going to be, I'm going to resort to the vernacular here today because we're talking about a subject that I feel very strongly about, but don't you love the fact that the jackasses and the commerce, the chamber of commerce, the business round table, we'll talk about the necessity of being competitive around the world.
00:11:22.260And that to do that, and that to do that, they've got to have a lower tax rate.
00:11:26.220We hear the same mantra each time they are not competitive.
00:11:31.740In point of fact, those other countries have always competed with us on cost of labor.
00:11:38.780And it's never been an important, significant differential.
00:11:45.240It's always been about quality in this country, the rest of the world, not so much.
00:11:49.740We have really taken ourselves down a path to hell, it seems to me.
00:11:56.080If we don't recognize this race to the bottom has got to end now, and we've got to focus on the domestic economy.
00:12:04.680Yes, let's be world competitive, but let's be honest about what we're doing.
00:12:08.780I agree with you that the mouthpieces of these institutions like the chamber or the council for foreign policy or whatever are completely off base.
00:12:23.900I mean, they're tending to appease their donors, right?
00:12:32.620And their donors' dependency on low cost and even slave labor.
00:12:36.660And the impact it would have by moving production to the North American hemisphere is death to most of these companies because they're used to 80%, 90% margins.
00:12:48.900I mean, when you look at our largest retailers out there that are making 70%, 80% margin, they're paying 20%, 20%, 25% for those cost of goods.
00:13:01.680And it's the American consumer that has had a dependency on low cost.
00:13:06.660And, you know, corporate America is not in line with the direction of the American people.
00:13:23.020Yes, but at the end of the day, we had the strongest, most capable manufacturing and corporate American base, you know, from the 1950s all the way through 1995 before Clinton took us into the WTO.
00:13:41.560So this dependency on slave labor is only a dependency on increased profitability without hard work.
00:13:49.860And so long as we allow corporate America to arbitrage labor costs, the penalty will fall squarely on our middle class and those who aspire to it.
00:14:05.560There's just no other interpretation or analysis that reveals anything remotely approaching the truth if you don't start there.
00:14:14.860You know, it's interesting because I think what's bothering corporate America right now in this whole situation is how does sustainability, environmental, global warming play into this globalization mission that's gone towards single source supply chain?
00:14:34.400How does it how does it how does it work when you have 15 of the largest container ships polluting as much as 780 million cars and you have 53,900 cargo ships on the water with an average age of 10 years?
00:14:47.400How does it work when you have 15 of 10 years?
00:14:48.400We're heating our waters at four nuclear bombs a day that's melting our icebergs from the bottom, not from the top.
00:14:56.400They're crashing into the water because the foundation, I call it the Titanic effect and 90% has melted away and the 10% that's above water is crashing into the water because there's no foundation left.
00:15:09.460And so how does that checkmate corporate America because they're pushing the sustainability environmentalist movement, but yet globalization is the most destructive initiative to our planet?
00:15:24.720And with and you and you never hear about the effect of the cost of the impact of all of those container ships moving goods from China and Southeast Asia to the United States and to Europe.
00:15:39.720You know what, I have never seen a major splash in the Wall Street Journal to the New York Times, the Washington Post, not one on the environmental impact of globalization.
00:15:53.160And that really says a lot about the forces at work here, doesn't it?
00:15:59.900And Keith Kroc, who was the undersecretary for the environment at the State Department.
00:16:05.060You know, I worked with him on writing an environmental piece before he left office and he went on, tried to place this editorial out there.
00:16:14.540And the only one who would take it was the Jamaica Observer.
00:16:17.100And it went through the whole impact that China has in plastic waste, ocean waste, the coal fire plants that are, you know, China is building 1,600 coal fire plants in 63 countries with the effect of a coal fire plant lasting over 45 years.
00:16:37.460You know, they went through all of these issues that are on the horizon with China and their environmental policies and how we're handcuffed and that we Americans are supporting environmental destruction in China without recognizing that the world is one globe and what happens in China actually impacts California.
00:16:59.720And so I think that we're in a position where, you know, the media doesn't want to go after corporate America because that's who's funding them.
00:19:07.620They plant trees, and they come back in 40 years, and they cut them.
00:19:10.660And they replant 40 for every one that they're taking out.
00:19:13.460I said, there's nothing that's changed in harvesting a tree except one thing.
00:19:20.020Keystone Pipeline was shut, threatened of cutting off all the drilling, changing from a net exporter of energy to a net importer of energy.
00:19:29.400And it started to impact our sawmills, our transportation of wood.
00:19:35.040And everyone's wondering, why has wood gone up by 300%?
00:19:39.720Wood gone up 300% because of fuel and energy.
00:19:44.020And so when we're looking at this, until we fix some of these problems, you know, they want to start saying, you know, dog whistling that we have to do business with Venezuela and Iran to fix our inflation issue.
00:19:58.640So that means that we have to get in bed with our further enemies that want to kill Americans only because we don't want to drill or we want to shut 30% of Louisiana's oil and gas for the progressive left to be able to get up and say, hey, we're making energy progress.
00:20:21.540Now, I mean, I understand we have a problem, but we have to look at the source of the problem.
00:20:28.160The source of the problem is globalization.
00:20:30.580I don't know how in Los Angeles, when we're not allowed to run our electricity to put on our air conditioning from 5 p.m. to 9 p.m. in the summers, how we're going to all come home at 4.30 to 6 and plug in hundreds of thousands of cars into the grid.
00:20:50.080And it's not going to take down the whole grid when we're not allowed to run our air conditioning.
00:20:54.400The electrification of transport throughout this country.
00:20:59.620We intelligent people don't comprehend the magnitude of the ordeal that awaits us.
00:21:07.280If we were to, for whatever rabid reason, suddenly decide we're going to follow AOC into hell.
00:21:15.840I mean, this is madness that we're dealing with here.
00:21:20.480You know, my thought is that we have to look internally first.
00:21:28.780And we have to fix our own home first.
00:21:31.120And I think that our political elite have managed to figure out how to manipulate the consumer, the American citizen, in believing that they actually care about all of us.
00:21:45.880And they actually don't care about all of us.
00:21:49.660If you look at history, history will always tell us what's coming in the future.
00:21:53.060And the instance between Stalin and Lenin was a battle of whether centralized government or decentralized government.
00:22:02.660And America is decentralized, where governors are taking care of the people.
00:22:06.740And it's usually always governors who come to the support of the people.
00:22:09.860And now you have, you know, after Clinton and the issues in Russia that we've gone through and where we are with Russia today, where, you know, American corporate America came in and, you know, wanted control of the natural resources from Russia, which is great.
00:22:32.800And Putin's, I think, discontent with that currently.
00:22:39.460And Ukraine is, you know, somewhat of an issue that sort of it's the prize that will make Russia a superpower because north of the Ukrainian border is very cold and the temperatures are very harsh.
00:22:56.440South of the Ukrainian border is the energy belt, the grain belt, the food belt, the production belt.
00:23:05.320Ukraine's the biggest prize in this whole thing.
00:23:07.880And had our political elite been aware of what we were doing when we let the Chinese trample through using the Taliban Afghanistan and take control of that, putting Iran in a very strong position in Afghanistan, it made Russia and China awaken that they have a golden opportunity to take more control.
00:23:32.680So they started with Kazakhstan and taking the president of Kazakhstan, who was pro-West, pro-NATO, pro-American, pro-European, out and replacing them without a word with a pro-Chinese, pro-Russian puppet.
00:24:11.220He is a Marxist leftist, whether people don't want to describe that label to him and his administration.
00:24:18.020But if you look at each of their policies, domestic or foreign, it's who they are.
00:24:23.480And opening our borders to the south, just leaving the country effectively defenseless at the border?
00:24:31.560The issue we have is that people cannot get visas to come to America.
00:24:36.920So people who come to this country that spend money in hotels and visit our attractions and fund our tourism are not being allowed visas.
00:24:48.060My 80-year-old mother-in-law, who lives in France, was told she can't get a visa and come back and apply in 200 days to visit her grandchildren that she hasn't seen in three years.
00:25:02.120There's a guy in the Philippines that his brother is getting a bone marrow transplant.
00:25:11.400A friend of mine called me and said, is there any way to get his brother?
00:25:15.240He's the only match to get a visa because the U.S. Embassy refused him to come in and give a bone marrow transplant to his brother so his brother can survive.
00:25:26.340We have rejections of people all over the world not getting visas to come visit our country for whatever family, medical, whatever the reasons are.
00:25:38.360But yet, if you go through the southern border, you can walk across.
00:25:43.080Now, I actually think that maybe this is being done on the southern border to try to combat labor issues domestically.
00:25:53.720I was working with a company out of Michigan, and in December, I went up and visited their factory, huge facility, million square feet of factory.
00:26:33.020We have to get our people to want to go back to work.
00:26:35.640If we don't get our people to want to go back to work and contribute to our society and build our great nation, we're never going to come out of this.
00:26:43.720Well, we're never going to come out of it because Biden, the left, the corporate America, Wall Street, they don't want us to come out of it.
00:26:55.500They're bringing in these people because they want their votes.
00:26:58.500They don't want to believe that Wall Street and corporate America would act in utter disregard of the interests of the United States and American citizens.
00:27:06.780We're a nation of oligarchs, and no one wants to admit it.
00:27:09.720We exalt billionaires, but we don't pay attention to the fact that they own our media, they own our political parties, and they leave us then with rather shallow choices.
00:27:21.540And Hobson choices is the result of nearly every general election.
00:27:26.500It's funny that you say a nation of oligarchs.
00:27:30.860It's funny that the Russians are getting dumped on that they have oligarchs, but we have preordained oligarchs.
00:27:40.020If you go back and you look at the Clinton oligarchs, who he took from certain industries, titans that were nothing, and he made them oligarchs.
00:27:52.180And the oligarchs that control our country are controlling our government, and we're sitting by, and I don't know for how long that's going to last.
00:28:06.280Because, you know, one thing about the Americans is that we do know what revolution is, and I'm not calling upon it.
00:28:13.300But if you push everybody to a certain point where they're no longer going to stand by, not to rob you because they're not getting the same amount of checks that they were getting from the government, they don't want to go to work, and they want your watch to sell it on eBay.
00:28:31.700But, you know, we need transformation and transformation through elected officials, and we need elected officials that represent the people, not the oligarchs.
00:28:42.100But money is such a big part of our system to get elected that until we figure out how we can equalize the money issue and the dependency on the money, it's going to be a difficult challenge.
00:28:57.700I really believe that most Americans right now are not prepared to revolt.
00:29:02.300They're not prepared to go to the next revolution to throw off the invisible chains and manacles that have been placed on them.
00:29:14.160They don't even appreciate, in any cases, the fewer job opportunities that are available to them because we have brought in millions, millions of illegal immigrants in the last two years who are taking those jobs,
00:29:30.500and their children are not going to have those jobs awaiting them.
00:29:33.800We are creating a monstrous contraption in this economy that will ultimately, I really believe, could spell doom for the American dream itself.
00:29:47.640We have no countervailing influence to Facebook, to Twitter, to big tech and its ability to shut down an issue.
00:30:00.560I mean, on October 14th of 2020, the hammer came down from big tech, social media, corporate media, and you couldn't get a story on the laptop, Hunter Biden's laptop,
00:30:12.860and the lives of 51 of our intelligence community veterans and five former CIA directors because they were covering for Joe Biden.
00:30:24.200They stole an election, they stole much of Trump's presidency, and you can't even get the corporate media to talk about it.
00:30:35.180We heard, and I still don't know why, but the New York Times and the Washington Post finally acknowledged it was all real.
00:30:41.880And then they submerged again into their corporate cloister.
00:30:51.040It's disgusting, and I am truly frightened for the first time in my life.
00:30:56.420I am frightened of the prospects for this country.
00:36:31.520So we've based an investment strategy based on an empty bag of goods.
00:36:39.600And when that thing crushes, I think those guys are going to have a rude awakening.
00:36:44.940Russia, look, what I look at is how American companies were checkmated to pull out of Russia, whether it was Volkswagen as a German company or McDonald's.
00:37:01.360The European and American companies had to distance themselves from Russia based on the atrocities that are going on in the Ukraine.
00:37:08.400We yet have not had the same reaction to the atrocities of the Uyghurs and the rest of the Chinese government.
00:37:19.480But if they make a move on Taiwan, which is more than likely at some point in our lifetimes, what will that do to American companies?
00:37:29.380They will be forced to make a decision.
00:37:32.940And if SWIFT goes into action based on that, Vietnam will be stalled.
00:39:51.420We're looking at companies in this country, retailers, who just in and of themselves represent a place on the top 10 export markets for Chinese goods.
00:40:25.320And we've decided to do so on a little place called China.
00:40:29.560And we're willing then to turn it all over to Walmart, to Home Depot, because that's just, those are boffo ideas.
00:40:39.320They were destructive of decentralization.
00:40:41.840They were destructive of family business, the small, the small businessman and woman has for 30 years just been something of an anachronism.
00:40:52.220We have to return, it seems to me, to some level of decentralization in distribution and retail as well as production.
00:41:03.500I really think we've got to be strategic in our thinking.
00:41:08.720And we don't have a single person in the United States Congress who knows what the hell you and I are talking about.
00:42:09.500But the Russians, we're pushing for, we're pushing for regime change in Russia, which we should have never done.
00:42:15.960We should have talked about, you know, a unification.
00:42:19.680We need Russia against China more than China needs Russia with them.
00:42:24.440And so this whole issue is going to put us into a position where we are segmenting the world into trading blocks that are no longer valid under the old way.
00:42:39.820And China's actions, China's actions with Russia from the Olympics all the way through, if that doesn't show our politicians what we're dealing with, there's nothing will.
00:42:57.040If the CIA director under Biden, I meant, I almost said Obama, a Freudian slip there.
00:43:04.020There may have been a correct slip, by the way.
00:43:05.840Yeah, but the CIA director saying that China is our number one threat today.
00:43:14.720Russia's, I mean, they can't, their ships don't even sail.
00:43:19.180They're sinking, you know, the Ukrainians are ship taking out everything.
00:43:23.220I don't think that we'd have the same type of war with China.
00:43:29.240I think it would be far more devastating.
00:43:32.780Offensively, I think we would be hurt.
00:43:36.680And I think we would lose a lot of lives.
00:43:39.040But I think that we're pushing on four fronts right now.
00:43:42.040And I don't know how our military under Austin is going to deal with four fronts.
01:06:23.100I mean, we're in two different levels, but wealth, you know, I raised my whole life in LA and you have this elite in Hollywood.
01:06:38.420And, you know, they make $20 million a movie or $50 million and they feel guilty for the amount of money that they make when other people aren't.
01:06:48.420So what they do is they come in and they try to push the rest of us.
01:07:33.840I am sick and tired of living under the threat of what China is going to do or think or what some, you know, pencil neck buttercup in Washington thinks of global warming policy.
01:07:50.780We are looking at all the wrong problems, while square in our face is communist China and Soviet Russia in the remaking.
01:08:05.240We're looking at a corporate news media that is working for elites, leftists, Marxists, trying to destroy the country.
01:08:17.920Our corporate structures are absolutely rotten to the core.
01:08:22.540Our markets, our capital markets are very perilously close to being, let me put it this way, destabilized.
01:08:33.820We are kidding ourselves in this country, and we are damn fools for doing so, and we've got to awaken to that.
01:08:41.420But that's the fork in the road that I want to take.
01:08:45.320And if it isn't a fork in the road, I want to blaze a path in that direction.
01:08:49.220But you're right, because we bonus corporate America not on finding solutions to our global supply chain issues, but continuing profitability.
01:09:00.820We don't, you know, we're not incentivizing building automation and factories and investing in our supply chain infrastructure.
01:09:12.700We're incentivizing companies on investing on our infrastructure in a green, sustainable way, which is all coming from China, which doesn't make sense.
01:09:22.860But we're not incentivizing a decoupling of our issues and our dependency on a single source supply chain.
01:10:02.240Because at the end of the day, you know what?
01:10:03.860Maybe we're going to get our containers flowing again.
01:10:06.620And, you know, we can raise prices and sock away the freight costs.
01:10:10.920And now you hear, look, at the USTR, there was a letter that was sent to the USTR, signed, I think, by 146 members of Congress, of which 60-plus were Republicans.
01:11:48.180You're one of the smartest people I know.
01:11:49.660You tell me who's going to sit down and represent the Republicans at that table and who will represent the Democrats, the leftists versus the rhinos.
01:11:59.120I mean, there's no room for compromise.
01:12:01.020You're talking about a party that's committed to the destruction of this country.
01:12:05.040They want one party and they want it to be theirs.