Valuetainment - May 28, 2026


＂You BETTER Lower Rates＂ - Trump Welcomes Warsh With Subtle Fed Warning


Episode Stats


Length

12 minutes

Words per minute

187.52498

Word count

2,346

Sentence count

190


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Transcript

Transcript generated with Whisper (turbo).
00:00:00.040 Okay, when I sell my business, I want the best tax and investment advice.
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00:00:30.000 Kevin Warsh being sworn in, apparently it was the closest one.
00:00:36.100 A lot of issues, a lot of challenges getting into it as they were going back and forth.
00:00:40.400 But it's official. Rob, is this the president announcing it?
00:00:43.140 Yes, sir.
00:00:43.520 Go for it.
00:00:44.400 I just turned on the television. I want to see how the stock market's doing today.
00:00:48.480 Stock market's up 600 points. That means they like you.
00:00:53.300 If they didn't like you, I love when people like you.
00:01:00.000 That's him? Looks like a young guy, man.
00:01:01.940 It's actually up to 50,702.
00:01:04.640 So that's as of about 12 minutes ago.
00:01:06.840 Now, who knows?
00:01:07.540 But I think it can only go up.
00:01:09.080 I think with you, it's only going to go up.
00:01:10.760 That was a number that nobody thought was reachable during my entire four years.
00:01:15.520 You know how much pressure he just put in front of him?
00:01:17.800 You know what he just did?
00:01:18.680 I don't know if you know what he just did.
00:01:20.700 What?
00:01:21.140 Let it keep playing, Rob.
00:01:22.600 That would be impossible during the four years, but sometime after.
00:01:25.540 We hit it in the first year, but now we're really hitting it.
00:01:28.100 This guy is so good.
00:01:29.400 Think of it.
00:01:30.200 He's so funny and so good what he just did.
00:01:33.400 And S&P, likewise, set a new record today.
00:01:35.860 They both set new records today.
00:01:37.220 And then he's talking about how great the Dow is doing,
00:01:42.560 and he's saying it's just going to go up with you.
00:01:44.420 You know what he's saying?
00:01:45.560 That I'm great.
00:01:46.360 No, no, no, not at all.
00:01:47.900 No, not at all.
00:01:49.080 What he's saying to him is you better lower the rates.
00:01:51.940 Yeah, yeah.
00:01:53.800 In front of everybody.
00:01:54.420 That's what he's saying.
00:01:55.440 And look at his face.
00:01:56.780 He's kind of like, oh, shit.
00:01:58.240 He knows, by the way, what do you think is the only place this relationship can go moving forward the next two years?
00:02:04.020 Good or bad?
00:02:04.840 It's only down.
00:02:05.860 This is the happiest these two are going to be the next two years.
00:02:09.420 Ever.
00:02:09.900 After this, it's...
00:02:12.020 He's going to say he's the worst guy he's ever met in his life.
00:02:15.300 He has to own this.
00:02:16.620 But by the way, who picked Powell?
00:02:19.920 That's right.
00:02:20.440 Trump did.
00:02:21.380 So this is back to back.
00:02:22.380 So, Tom, tell us why this is a big deal.
00:02:24.160 And the tough part is even Tom is saying that the poor guy is going to have to raise the rates if inflation goes the way it's going, not even lower the rates.
00:02:31.280 Go ahead, Tom.
00:02:31.780 Right.
00:02:31.900 There's all kinds of false flags and assumption here.
00:02:35.020 So part one, this guy came out of the Senate Banking Committee 13 to 11.
00:02:41.700 That was the vote in committee, Pat, that this guy should go out to a vote on the floor to be on the Fed.
00:02:47.520 Two votes out of committee.
00:02:49.120 Then they voted 55-45, Pat.
00:02:53.960 Isn't that amazing?
00:02:55.100 That's tight.
00:02:56.160 Do you know what Jerome Powell was when he was put in under Biden?
00:03:00.820 84-13.
00:03:02.860 The whole Senate, like bipartisan was there.
00:03:05.980 The only Democrat this guy got was Fetterman.
00:03:09.100 Then when Powell was that member of Trump, Trump 84-13, excuse me,
00:03:15.260 And then under Biden, you know, Powell renewed at 80 to 19.
00:03:20.820 You go back to people like Alan Greenspan, 91 to 7.
00:03:25.560 We have politicized the Fed to the point that now it's on party lines.
00:03:30.120 And they held this up because they didn't like Trump.
00:03:34.640 That's my first point is to take a look at what was going on here.
00:03:37.840 But the second thing is, let me explain.
00:03:40.440 He is a supply side guy.
00:03:42.240 And the supply side guy are the people that believe the economy should be enabled by access to inexpensive capital.
00:03:52.300 So, Vinny, you could go build the little factory you want to build, to build a garment factory to make angry patriot hats and shirts.
00:04:00.980 Thank you.
00:04:01.220 Supply-siders say, how do I make it so that everything from the Small Business Administration to bank loans for little companies be there so you can go build?
00:04:12.980 Whereas the Keynesians, those are the ones that are in the Fed right now.
00:04:16.880 And the Fed is overrun by Keynesians who think that the government should control the demand by all the levers that it's pushing.
00:04:24.900 And I don't feel that way.
00:04:26.640 This guy just walked into the lion's den, and he is in there going to get it back.
00:04:32.540 And there is a difference between people say, oh, you know, inflation is up.
00:04:37.280 We should raise the rates.
00:04:38.700 No, inflation is not up.
00:04:40.340 We have supply spikes that are raising prices, but those are not pure signs that the whole economy's got an inflation problem.
00:04:48.880 We have a supply spike. Which way? Down. In oil and everything that oil becomes. Gasoline, heating for your home, not as important in the summer, and jet fuel. So guess what? Airline tickets go up. Everything that goes up. Diesel fuel, getting all that apples to the grocery store. Apple is up not because there's inflation effect on apples, but because there's inflation on the diesel fuel.
00:05:12.540 But as soon as you fix the supply spike on fuel, we are going to discover that the inflation rate is not 3.1%, 3.84%.
00:05:22.660 Those are false flags.
00:05:25.980 And so the first thing that he has to do, Pat, is get through all this because I believe we need rate cut.
00:05:32.520 We need a quarter cut on July 28th, 29th.
00:05:36.440 That's what I believe, and all the supply siders that I line up with believe that.
00:05:41.280 his fight is going to be against the spike because the spike is not you see what i'm saying it's a
00:05:47.780 supply spike that is putting inflation statistics statistics that might normally indicate inflation
00:05:54.940 but it's not and so i am glad this guy got through 13 to 11 55 45 i'm glad that trump's happy with
00:06:02.840 them i agree the relationship can only go one way from that press conference but i'm telling you
00:06:08.040 I am praying this guy is successful, and people should put aside the partisan and understand that the socialists love the Keynesians because they're government-oriented people, and they want to control demand by government, and that's what the socialists want.
00:06:24.460 The supply-siders like me are free market guys.
00:06:27.620 Did you get that, Ben?
00:06:29.100 Dude, I concur with everything that he just said.
00:06:30.940 You sure?
00:06:31.640 100%.
00:06:32.120 Well, you know what?
00:06:33.020 What?
00:06:33.320 You might be wrong, buddy.
00:06:34.340 What?
00:06:34.680 Because there might be some things that Tom is wrong about that.
00:06:36.480 Go ahead.
00:06:36.740 Tell me.
00:06:37.140 I mean, I'm not going to fight with Tom, but, I mean, maybe other people.
00:06:40.260 There's one thing that I'll correct on that.
00:06:42.180 By the way, welcome to the big leagues, Kevin Marsh.
00:06:45.920 Kevin Warsh.
00:06:47.080 See, he's not even a known guy now.
00:06:49.140 I've got his name wrong.
00:06:50.080 Welcome to the big leagues, Kevin Warsh.
00:06:51.360 By the way, we just talked earlier about MBAs and going to education.
00:06:55.220 This guy is a prodigy.
00:06:57.680 This guy went to Stanford.
00:06:59.020 He went to Harvard.
00:06:59.780 Then he went to Harvard Business School.
00:07:01.000 And then he went to Harvard Law School.
00:07:02.340 So two tasks.
00:07:02.980 Who's this guy?
00:07:03.920 He's Tomming it up.
00:07:05.260 he makes tom look like a buffoon and tom's the smartest guy we know we all know that
00:07:09.820 but here's a couple things uh we we know that the fed's job is to do two things keep uh employment
00:07:15.760 at a at a rate below five percent and keep interest rates as close to two percent and
00:07:20.820 they're constantly moving that that lever uh bad news for the end the fed crowd this guy's just
00:07:24.920 going to uh retain more power but here's why i disagree with tom uh you're saying that you're
00:07:30.520 are most likely going to have a rate cut.
00:07:33.620 That's kind of what you said.
00:07:35.120 Wall Street, it says here,
00:07:36.920 that they're planning and betting on a rate hike.
00:07:40.980 They're saying that-
00:07:41.600 Why are they betting?
00:07:42.500 Wall Street has increased their bets
00:07:43.980 on a potential rate rise.
00:07:45.840 Why?
00:07:46.220 Traders in the futures market
00:07:48.000 are now fully pricing in a quarter point increase
00:07:51.500 in rates by the end of 2026.
00:07:54.080 Here's my question.
00:07:54.860 You think Trump brought this guy in to do an increase?
00:07:58.780 Doubtful, right?
00:07:59.880 Because that's basically what it is.
00:08:00.720 But that's not what's going to happen.
00:08:02.020 These types of guys, they're not going to do what the president wants them to do.
00:08:07.540 This guy's not going to do what he wants them to do.
00:08:08.260 That's my point, is that everyone is saying that you need to basically keep rates as is,
00:08:12.840 and they're factoring in a potential rate hike.
00:08:15.960 What Trump wants, and what Tom is sort of saying, is a rate reduction, right?
00:08:19.760 Right.
00:08:20.720 Bottom line, a quarter point is probably going to go up, yes, or go down.
00:08:24.620 By the way, it's not my arbitrary one.
00:08:26.900 I believe when the supply shock goes away on oil and things come back down, we are going to discover we do not have an inflationary economy.
00:08:35.020 We are discovering that we've got job changes and unemployment, which means we need to give capital to businesses to go expand.
00:08:43.000 I agree with you on the temporary inflation, what they call the transitory back in the day.
00:08:47.520 I think obviously there's an oil spike and everything like that.
00:08:49.960 The bigger thing, I think, of what you're saying is how to basically hire unemployment due to AI.
00:08:54.840 I think you think that everybody's been spooked by the length of time of the war and they're seeing all these inflation oriented stats out there.
00:09:02.980 But it's not broad based structural inflation at the bottom.
00:09:05.780 I think we're saying the same thing.
00:09:06.760 So that's why they're like, oh, my gosh, all these stats are going to be out there and worse is going to have no choice but to raise it a quarter.
00:09:14.000 And I'm like, what's going to happen?
00:09:17.100 I'm still riding.
00:09:17.800 I'm riding a dime with Pimp Tom.
00:09:18.940 We officially have our speakers for the Vol Conference finalized.
00:09:22.980 and I waited till the last one and the last one I literally got the confirmation last night at 8 p.m
00:09:28.720 7 p.m ish when I got the text that we're done done and I wanted to make sure we put an event
00:09:34.740 together where we talk about everything that's going on with AI the good bad the ugly and how
00:09:39.580 to leverage it one of the biggest names on AI we're bringing are you going to know who he is
00:09:43.620 many of you will I wanted to talk about the importance of having running mates because for me
00:09:48.940 winning at the highest level you need a running mate Tom is a running mate you go faster when
00:09:53.400 you find your running mate so I brought uh two people that ran together and won multiple
00:09:58.680 championships together and then I wanted to bring somebody that your sons a lot of you guys are
00:10:03.000 bringing their sons and their kids on social media to be able to know how to build a brand
00:10:06.660 maybe the guy that was able to do this at the highest level uh and he's one of the biggest
00:10:11.360 names right on social media who's very successful made a lot of money as well and last but not least
00:10:16.100 one of the biggest podcasters in the world
00:10:18.800 who does it in a way that's very different
00:10:21.380 than everybody else, and he's killing it.
00:10:23.440 He's got almost 20 million subscribers
00:10:24.880 on his YouTube channel.
00:10:26.100 With that being said, these are the speakers
00:10:27.440 at the VOL Conference 2026, MGM Grand Arena.
00:10:31.120 Go ahead, Rob.
00:10:35.140 The beautiful thing about these events,
00:10:38.460 you know how quickly it goes?
00:10:43.500 Like this.
00:10:46.100 Is everybody ready to get started?
00:10:50.660 I've helped over 10,000 business owners grow and scale their companies.
00:10:55.160 I'm just passionate about watching entrepreneurs create great business.
00:10:59.060 When you get guys like Jerry Rice, that was his work ethic.
00:11:04.020 We were able to challenge Jerry.
00:11:06.500 The single most important trait I had was a healthy dose of delusion.
00:11:10.420 Stephen Bartlett.
00:11:11.180 And I always refer to it as self-belief.
00:11:14.520 Coming from UK.
00:11:15.420 When I can do something that I love, that is good for me, and I can get content out of it, that's my trifecta.
00:11:25.660 That's so cool.
00:11:27.060 That's a great lineup.
00:11:28.320 Good for you, Logan.
00:11:29.080 It's a phenomenal, phenomenal lineup.
00:11:33.820 Vault Conference, MGM Grand Arena.
00:11:37.200 If you haven't yet registered, listen, CO tickets, which there's only 500 of, less than 100 left.
00:11:43.320 Go to vault2026.com, vault2026.com.
00:11:48.360 Get your tickets.
00:11:49.580 We have companies that are bringing – one company from France is bringing 500 of their sales reps from France.
00:11:55.700 Did you hear what I just said?
00:11:56.640 Oui, oui.
00:11:57.060 From France.
00:11:57.600 Oui, oui.
00:11:58.080 Yes.
00:11:59.180 So some of you guys are on the sales team.
00:12:01.300 You have your executive team.
00:12:02.320 A lot of guys bring their family, their partners, and also with some of you that want to have your kids learning on how to create content the way that Logan and Jake Paul have.
00:12:12.280 and they became who they are today with their businesses,
00:12:14.780 you may want to bring your kids as well.
00:12:16.140 So go to vault2026.com, get registered.
00:12:19.100 We cannot wait to see you.
00:12:21.000 It'll be the greatest vault conference we've ever had.
00:12:23.740 Cannot wait to see everybody there.
00:12:24.940 Okay.
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00:12:27.840 And if you want to watch the entire podcast, click here.