00:02:25.020The balls on this guy to stare down the banks right here, this clip, to stare down the banks and say, this administration is not about you.
00:03:28.880Please don't come for me in the comment in the chat.
00:03:31.360Please, chat, don't come for me over this.
00:03:32.660But I'm telling you, when you go into his background and see that he worked with George Soros, Scott Bessett worked with George Soros as his chief risk manager when he collapsed the British pound.
00:03:44.720When George Soros did a strategic collapse of the British government doing it through, hear me out on this, an overinflated stock market in the U.K., an overvalued currency in the U.K.,
00:03:59.660mass immigration that was disproportionate and making the culture wobbly, and an elite class that had sold out to the working class of their country.
00:04:10.540And he and Scott Bessett, our current treasury secretary with George Soros, swooped in and made a fortune that couldn't be spent in 100,000 lifetimes by betting against, by shorting the U.K. government in the pound.
00:04:22.980And this man saw the structural inefficiencies and the risks associated with this single greatest financial coup in world history, arguably, what made George Soros famous.
00:04:37.820Trump is a genius, man, for bringing this guy on, for ignoring the fact that he's friends with Soros, bringing this guy on to work out these structural inefficiencies in our country so that this can't happen to us.
00:04:49.980And that's what I believe is actually happening here. Will it lead to a recession?
00:04:53.100I don't know. I'll leave that for people with much higher IQs. I went to community college.
00:04:57.100But is Scott Bessett on a warpath to create a wall around our home?
00:05:04.320And I like using the home analogy, the metaphor. I'm sorry. It's going to get old.
00:05:08.400But Scott Bessett is out there to reinforce against someone like Soros doing that to the American dollar and the American economy.
00:05:14.860I am 100 percent in favor of that. Yes, there will be pain. Yes, you'll have to exercise some demons.
00:05:20.740These are the kind of things that happen when you have a when you have demonic possession, which is what the country has right now.
00:05:27.500When you have things that are really bad and wrong with the country, you're going to have to exercise them out.
00:05:31.820But that's what Scott Bessett is doing.
00:05:33.460And if you understand the full picture of what's happening there as he's trying to reinforce to protect against what he did to the UK, he's doing that for us.
00:05:42.220That's amazing. Very interesting. I didn't know that, by the way.
00:05:58.020Why? Because if the consumer gets worried and you're worried about tomorrow, then you don't buy incremental things that you might think are luxuries.
00:06:07.420You save. If you're worried about what's going to happen tomorrow, maybe you, you know, honey, we were going to take a trip and we were going to go to Orlando and we were going to go to all the theme parks and everything.
00:06:18.700What if we go to the Grand Canyon and go to the national parks and do some things like that the summer with the kids, do something fun, but let's not spend three grand.
00:06:28.100Let's spend twelve hundred bucks and let's save the rest of it.
00:06:31.180These this is not fiction. These are the decisions that a populace that looks at all this, because most Americans are not in the stock market and they think the stock market's the economy,
00:06:41.820because that's what comes screaming out of the news at them. The stock market is not the economy.
00:06:47.300The economy is Costco yesterday said I had a really good first quarter. That's the economy.
00:06:52.460The American consumer shopping at Costco. And so, and by the way, the market for, you know, an hour and a half is going to love the Costco earnings report.
00:06:59.800It's going to go up. And so, you know, that's that's what it is.
00:07:04.240So what is a recession? Two quarters of negative GDP growth.
00:07:07.940That doesn't mean we're in the shitter. That means excuse me. That means that the growth stops.
00:07:14.820Why does the growth stop? The sentiment stops.
00:07:18.080And then if corporate sentiment, which was mentioned by Jamie Dimon and consumer sentiment or more conservative, hey, let's let all this tariff stuff sort out.
00:07:27.180Then they buy less. That's what a recession is. It's not a depression and a collapse of all the mechanisms.
00:07:32.460It's merely two quarters or six and a half quarters, if it's the Biden math of negative GDP growth.
00:07:40.300And so I think Jamie Dimon could be correct. But I believe he's correct about one thing at the end.
00:07:47.280If there is one, it will be brief because I think he's also looking and he said, I'm gonna leave it to my quants,
00:07:53.040that the negotiation of all of these tariff things, Pat, where do you think it's going to be in four months, six months?
00:07:59.340It's going to be the food poisoning. We're going to be out of the bathroom, over our food poisoning and back at work.
00:08:06.400Yeah, I mean, out of the bathroom, Tom.
00:08:09.160No, I'm saying it's a bad case of food poisoning. I don't know what you ate.
00:08:12.120I'm saying it's a bad visual, but I'm saying it's restaurants.
00:08:14.540The tariffs, think of it, think of the tariffs as having a really bad cold and you're off work for a couple of days because it's a bad cold.
00:08:22.320And now guess what? And you're going to be back. That's what the tariffs are. It's a medicine we have to take.
00:08:26.120Can somebody explain to me why Joe Biden wasn't hit with the R word?
00:08:49.200Yeah. They changed the definition while we were literally live on the air.
00:08:52.060Well, I look at it a little bit different because this is kind of the conversation I was having with Brandon the other day where he's like,
00:08:58.920you have to understand the macroeconomics and what happens with the quantitative easing.
00:09:02.560And then what happens is, I was like, well, have you started investing yet?