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Speaker 1: Welcome in Clay Travis, Buck Sexton Show. Appreciate all of

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Speaker 1: you hanging out with us as we were rolling in

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Speaker 1: on a Thursday edition of the program. All Right, we

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Speaker 1: got a lot of breaking news, many of you wondering,

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Speaker 1: and we are still waiting for the biggest breaking news

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Speaker 1: on the show, which is Buck and Carrie Sexton and

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Speaker 1: the baby update. Last night they said, hey, actually we

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Speaker 1: don't want you coming in tonight to deliver the baby.

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Speaker 2: They have gone in today.

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Speaker 1: Texting with Buck last night, I'm trying to stay out

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Speaker 1: of the line of fire here because I know, having

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Speaker 1: been through three deliveries, it's a little bit crazy. We

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Speaker 1: will update you as news arrives. But I told Buck

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Speaker 1: last night when they got the pass, like, hey, you

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Speaker 1: might as well watch Gladiator tonight. You don't have to

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Speaker 1: go in for the I'm sure Carrie couldn't be any

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Speaker 1: more excited. She's got another night at home nine pregnant.

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Speaker 1: You guys should definitely crank up Gladiator. Maybe maybe Brave Heart,

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Speaker 1: maybe you can double down. So we will update you

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Speaker 1: on Baby Watch twenty twenty five as we get updates here.

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Speaker 1: But the result is I am with you solo at

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Speaker 1: least for today and tomorrow. Don't know how long Buck

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Speaker 1: will stay out with the baby coming, But that is

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Speaker 1: that update.

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Speaker 2: All right.

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Speaker 1: A lot of different news stories going on right now.

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Speaker 1: Let me hit you with the absolute latest. Positive. Inflation

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Speaker 1: is softening. It has hit the lowest rate two point

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Speaker 1: four percent since COVID. Basically it has actually turned negative,

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Speaker 1: which is very positive. We will break all that down.

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Speaker 1: That is this morning's news. A budget resolution has passed

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Speaker 1: the House, which will allow us to theoretically get one

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Speaker 1: big beautiful bill from the from the House and the Senate.

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Speaker 1: They will now move into reconciliation. It passed two sixteen

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Speaker 1: to fourteen after it was held over last night, and

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Speaker 1: so we are going to get the tax cut. All

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Speaker 1: of that. The details need to be hammered out. That

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Speaker 1: is on its way. Also, we have further an addition

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Speaker 1: of the tariffs coming down on China. One hundred and

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Speaker 1: forty five percent is now the tariff level that Trump

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Speaker 1: has put on too China. Yesterday, the stock market had

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Speaker 1: an absolute record day after a ninety day pause was

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Speaker 1: put into place on the tariffs for every other country.

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Speaker 1: But Trump now continues to escalate the China trade war.

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Speaker 1: He has isolated China, and the tariff is now up

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Speaker 1: to one hundred and forty five percent onto China. Stocks

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Speaker 1: have begun to backtrack as Trump is saying that China

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Speaker 1: is the worst trade abuser in history. So all of

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Speaker 1: that is underway, many different aspects of breaking news associated

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Speaker 1: with it, and so all of those right now underway again.

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Speaker 1: Stock market has turned negative. It has been a absolute

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Speaker 1: roller coaster for everybody paying attention to the trade. Yesterday

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Speaker 1: was the best day that we have seen percentage wise

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Speaker 1: nearly in the history of the stock market. But as

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Speaker 1: I am talking to you right now, to the extent

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Speaker 1: that I am now also a financial news analyst, the

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Speaker 1: S and P five hundred down about four and a

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Speaker 1: half percent after raising rising itself nearly ten percent yesterday.

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Speaker 1: So all of that going on right now, we do

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Speaker 1: have we have some audio clips to put into context.

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Speaker 1: Let me put that all into context for you. First

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Speaker 1: cut one, this was Stuart Varney saying inflation softening. It's

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Speaker 1: now at two point four percent. That is lower than

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Speaker 1: the expected rate.

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Speaker 3: Let's take a big, deep breath. There's a whirl wind

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Speaker 3: coming at you and your money. We'll start with inflation.

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Speaker 3: Last month, consumer prices went down zero point one percent

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Speaker 3: in the last year, they're up only two point four percent.

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Speaker 3: Those are favorable numbers. Inflation is softening.

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Speaker 1: Okay, So inflation softening, hitting a four year low.

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Speaker 2: Uh.

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Speaker 1: And also this was CNN pointing out as you heard

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Speaker 1: Stuart Varney say, there, actually prices have actually gone down.

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Speaker 1: This is cut twenty four, which is an updated version

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Speaker 1: of what CNN is saying.

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Speaker 2: Listen to this.

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Speaker 4: Consumer prices month over month. So this was actually a

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Speaker 4: drop of point one percent, negative point one percent.

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Speaker 5: That's the first time we've seen.

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Speaker 2: That since COVID.

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Speaker 4: Year over year, the annual inflation rate was at two

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Speaker 4: point four percent. This was also better than expected and

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Speaker 4: a six month low, moving in the right direction. As

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Speaker 4: far as why this happened, there's a few drivers. One

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Speaker 4: thing that really played a role here, as you can

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Speaker 4: see the trend here at the inflation rate dipping a

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Speaker 4: little bit.

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Speaker 5: One of the drivers was energy.

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Speaker 4: The fact that gasoline prices did not move up like

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Speaker 4: they usually do in the month of March.

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Speaker 5: That really helped.

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Speaker 1: Okay, so that is the updated inflation numbers. Why does

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Speaker 1: this matter, Well, certainly, inflation got to nine percent under

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Speaker 1: Joe Biden. Remember it started off at one point eight

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Speaker 1: percent when he came into office in January of twenty

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Speaker 1: twenty one, rapidly skyrocketed to nine percent, and we have

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Speaker 1: been fighting the inflation battle since to bring it all

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Speaker 1: the way back down to now two point four percent.

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Speaker 1: Trump is arguing, and I think there is some base

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Speaker 1: in truth for this, that the overall interest rates set

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Speaker 1: by the Fed need to be dropped as well. Obviously,

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Speaker 1: that is why we're dealing with seven percent still ish

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Speaker 1: thirty year mortgage rates that many of you have got

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Speaker 1: in your lives that have locked you up and are

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Speaker 1: keeping you from moving into a new house or maybe

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Speaker 1: even putting your house on the market because you don't

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Speaker 1: want to give up the number that you got. Okay,

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Speaker 1: all of this is complicated. Let's go back into the

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Speaker 1: tariff universe. Here Trump was asked about why he decided

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Speaker 1: to put a ninety day pause in place. This is

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Speaker 1: something that we told you on the show. We thought

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Speaker 1: made a lot of sense. And Trump is saying, hey,

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Speaker 1: we are rewarding the countries that have not retaliated with

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Speaker 1: higher rates of tariffs. And here is Trump cut four

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Speaker 1: speaking to the press, saying he was watching the bond

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Speaker 1: market and he was concerned about how the bond mark

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Speaker 1: market was moving.

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Speaker 2: Listen to cut four.

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Speaker 6: I was watching the bond market. That bond market is

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Speaker 6: very tricky. I was watching it. But if you look

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Speaker 6: at it now, it's beautiful. The bond market right now

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Speaker 6: is beautiful. But yeah, I saw it last night where

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Speaker 6: people are getting a little queasy.

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Speaker 7: I think everything had well.

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Speaker 5: The big move wasn't what I did today.

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Speaker 6: The big move was what I did on Liberation Day.

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Speaker 6: We had Liberation Day in America, were liberated from all

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Speaker 6: of the horrible deals.

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Speaker 5: That were made.

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Speaker 1: Okay, so that is Trump. Here's Trump as well. He

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Speaker 1: is asked, well, let's first see Trump has asked why

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Speaker 1: Democrats wanted tariffs in the past. If you've seen Nancy Pelosi,

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Speaker 1: if you've seen all of these other Democrats, Chuck Schumer

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Speaker 1: talk about the necessity for tariffs. Here is cut six.

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Speaker 1: Trump is praising a reporter who asked why Democrats wanted

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Speaker 1: tariffs back then.

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Speaker 2: Now they hate them Duck Humor and Nancy Pelosi. They've

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Speaker 2: been talking about tariffs for decades.

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Speaker 8: How come when these Democrat elifs want tariffs, everything's hunky jory.

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Speaker 8: But when President Trump wants tariffs all help breaks the

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Speaker 8: Do you see this double standard?

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Speaker 6: I love this guy, whoever the hell that is. That's

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Speaker 6: really I appreciate that question. No, Chuck, chumor Nancy, everybody

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Speaker 6: knew you how to do it, but they never had

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Speaker 6: the guts to do it. It does take guts. It

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Speaker 6: even takes guts for our country to go through it.

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Speaker 6: That's why I say, be cool. They would taking about

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Speaker 6: just be cool. It's gonna work out. It's gonna work out,

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Speaker 6: and it's it's working out. I can tell you working out,

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Speaker 6: maybe faster than I thought. But I said, it's you know,

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Speaker 6: it's gonna take a little conditioning. It's a transition to

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Speaker 6: it's really I think it's a transition to greatness. It's

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Speaker 6: gonna be greatness. Our country is going to be there'll

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Speaker 6: be nothing like it, and people investing in our country

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Speaker 6: they're going to do better than they've ever done before.

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Speaker 1: Okay, so let's talk about where we are right now. Effectively,

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Speaker 1: Trump has isolated China. The terif rate on China, as

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Speaker 1: I said, has now been elevated to one hundred and

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Speaker 1: forty five percent. Every other country out there effectively is

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Speaker 1: in a tariff pause. They are negotiating. I think you

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Speaker 1: will see in the near future Trump start to announce

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Speaker 1: trade agreements with England, with Japan, with South Korea, Australia,

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Speaker 1: countries that we have strong relationships with. I don't think

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Speaker 1: it will take very long for those new deals to

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Speaker 1: go into place. In the meantime, what he has now

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Speaker 1: done is effectively announce hey, this is the United States

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Speaker 1: versus China. And he has isolated China so that they

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Speaker 1: are standing alone in terms of how this battle is

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Speaker 1: playing out. And he has elevated tariffs to now one

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Speaker 1: hundred and forty five percent on Chinese goods. This handcuffs

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Speaker 1: China in a substantial degree because China relies on exports

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Speaker 1: to the United States for a massive part of its

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Speaker 1: overall economic growth, and if China is not able to

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Speaker 1: move those exports to the United States, I believe Trump

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Speaker 1: is right here that China is going to have to

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Speaker 1: sue for peace, and we will get at some form

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Speaker 1: or fashion. In theory, a trade agreement that is fair

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Speaker 1: for America helps to protect American jobs and helps to

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Speaker 1: allow American business to more fairly compete with China. What

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Speaker 1: Trump has smartly done is he has recognized now that

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Speaker 1: every other country is coming to the table and that

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Speaker 1: we now are going to be in a position to

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Speaker 1: negotiate better deals there too as well. And here's what

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Speaker 1: I would also just continue to tell all of you.

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Speaker 1: I'm going to give you stock market updates here and there.

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Speaker 1: I understand this is not CNBC, this is not Fox Business.

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Speaker 1: But what I would encourage all of you to do

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Speaker 1: is recognize you don't buy and sell stocks, or at

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Speaker 1: least most of you should not on a day to

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Speaker 1: day basis. You shouldn't make emotional decisions when it comes

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Speaker 1: to your investments. And the analogy that I have made

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Speaker 1: that I think is a really good one is your house.

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Speaker 1: If you are fortunate enough to own a home, your

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Speaker 1: home has a fluctuating value. Any given day, it can

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Speaker 1: be up or down depending on whether someone is interested

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Speaker 1: in buying your house or not. You don't day trade

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Speaker 1: homes because you know that the home is the foundation.

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Speaker 1: You're not only owning an asset, it's also where your

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Speaker 1: family lives. It's where you put your head down at night.

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Speaker 1: You're not typically going to be selling your home and

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Speaker 1: worried about the cost on a day to day basis,

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Speaker 1: week to week basis, even month to month basis in

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Speaker 1: an ideal scenario, there are substantial costs associated with selling homes.

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Speaker 1: As a result, most people, the best investment they ever

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Speaker 1: make is buying a home, living in that home, and

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Speaker 1: being able one day to profit on the increased value

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Speaker 1: of that home. If you treat your stocks like you

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Speaker 1: treat your home, then you are going to be in

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Speaker 1: a far better position. And I'm not telling you to

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Speaker 1: do something different. Then what I do. I buy s

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Speaker 1: and P five hundred index funds. I put them in

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Speaker 1: basically my bank accounts, my investment accounts, and I don't

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Speaker 1: really touch them. And over time, you are going to

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Speaker 1: make eight or nine percent a year on that, and

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Speaker 1: every ten years your money's gonna double. If you do that,

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Speaker 1: you are betting on American growth and the exceptionalism and

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Speaker 1: the capitalistic dynamism of the entire United States, and you

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Speaker 1: don't have to worry about day to day market fluctuations

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Speaker 1: in price. That's what I would encourage you to do,

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Speaker 1: because emotion often leads you to make poor choices, and

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Speaker 1: if you make poor choices, then ultimately you and your

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Speaker 1: family end up bearing the brunt of those poor choices.

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Speaker 1: What do I mean by poor choices, I mean, by

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Speaker 1: and large, what often happens is people sell at the

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Speaker 1: absolute bottom of the market and they buy at the

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Speaker 1: absolute top of the market. If you just keep your assets.

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Speaker 1: And by the way, people say, oh, Clay, you've got more.

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Speaker 1: So what I'm doing the same thing now as I

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Speaker 1: did a decade ago when I had a negative net worth,

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Speaker 1: when I still had a lot of school loans that

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Speaker 1: I was paying off. It doesn't matter whether you have

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Speaker 1: five hundred dollars to invest or five hundred million dollars

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Speaker 1: to invest. What I would be telling you is the

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Speaker 1: exact same advice. We'll take your calls. We've got a

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Speaker 1: couple of great guests coming your way, Steven Moore. We're

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Speaker 1: trying to get economic experts on the program. Yesterday we

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Speaker 1: had doctor Art Laugher of the Laugher Curve, one of

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Speaker 1: the foremost American economists in the entire country, come on

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Speaker 1: and talk to all of you today. Steven Moore, one

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Speaker 1: of Trump's top economic advisors, will be with us. Historically,

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Speaker 1: Stephen Moore has been at one thirty one of the

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Speaker 1: smartest guys on the right in all of the world.

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Speaker 1: Douglas Murray is going to be on to talk about

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Speaker 1: his brand new book, and those are two guests that

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Speaker 1: are coming during the course of the day. And as

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Speaker 1: I said, we will continue to update you on Buck

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Speaker 1: and carry Sexton baby watch if there is more news

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Speaker 1: to share with you there. But in the meantime, I've

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Speaker 1: got you. I'll have you today and tomorrow. At a minimum.

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Speaker 1: We'll see when Buck comes back as a new dad.

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Speaker 1: But we appreciate all of you hanging out with us

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Speaker 1: in what is a dynamic and rapidly evolving media environment

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Speaker 1: with so much news going on. Again, biggest news story

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Speaker 1: I would say right now is that the budget resolution

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Speaker 1: has passed the House, which is going to allow the

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Speaker 1: big beautiful bill that Trump favors to actually become law,

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Speaker 1: and that is going to preserve the tax cuts among

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Speaker 1: other things. As that continues to play itself out, but

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Speaker 1: I want to tell you, everybody's got a fire extinguish

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Speaker 1: your fire alarms case there's a fire no brainer. You

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Speaker 1: might even have done some fire drills before with your family,

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Speaker 1: especially if you have a young kids, But what about

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Speaker 1: if you have a home intruder. Our sponsor Saber makes

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Speaker 1: to college in high school. Got pepper spray on your keychains?

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Speaker 1: How about inside the home too. We've got bars on

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Speaker 1: We've got handguns, we've got guns in the house, but

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Speaker 9: Making America great again isn't just one man, It's many.

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Speaker 9: The Team forty seven podcast Sunday's at noon Eastern in

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Speaker 9: the Clay and.

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Speaker 2: Buck podcast feed.

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Speaker 9: Find it on the iHeartRadio app or wherever you get

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Speaker 9: your podcasts.

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Speaker 1: Welcome back in Clay Travis Buck Sexton Show. Appreciate all

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Speaker 1: of you hanging out with us. Stock market stores Yesterday

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Speaker 1: one of the best days in the history of the markets,

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Speaker 1: and the ladies on the View, not surprisingly, had a

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Speaker 1: series of inordinately stupid opinions, even by the standard of

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Speaker 1: inordinate stupidity for which that show is widely known.

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Speaker 2: Sonny Hostin's says Trump actually.

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Speaker 1: Was engaging engaging in insider trading.

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Speaker 2: Here is cut twelve.

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Speaker 8: Trump tweeted out before this little pause.

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Speaker 2: He said, this is a great.

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Speaker 8: Time to buy, and that's really a whistle to those

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Speaker 8: billionaires that can or people that have money that can

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Speaker 8: buy low and then the stock market prices go up.

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Speaker 8: That's generally called insider trading, and that would ordinarily trigger

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Speaker 8: an investigation by the Securities and Exchange Commission. We know

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Speaker 8: now that that's not probably going to happen because all

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Speaker 8: of these government agencies have been destroyed and dismantled. But

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Speaker 8: someone with knowledge of an economic policy change that would

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Speaker 8: cause the markets to shoot back up right before posting

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Speaker 8: about how great a time it is to buy right

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Speaker 8: before the policy change happened, would certainly be guilty of

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Speaker 8: insider trading.

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Speaker 1: I mean, first of all, he's the president of the

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Speaker 1: United States. Everything that he says moves markets. Secondly, you

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Speaker 1: have to prove, and we probably have a bunch of

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Speaker 1: insider trading experts, you have to prove that someone benefited

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Speaker 1: in some way from insider trading. In other words, my

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Speaker 1: understanding is the president, unlike Hunter Biden, actually has frozen

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Speaker 1: all of his assets for some time. One of the

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Speaker 1: ways that presidents handle these sorts of situations is, by

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Speaker 1: and large they say, hey, I'm not managing my stocks

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Speaker 1: on a day to day basis. They're outside of my control.

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Speaker 1: They invest in index funds. I mean, it's absolutely bonkers,

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Speaker 1: But yes, Sunny Austin, if it could be proven that

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Speaker 1: Trump was given kickbacks in order to change the to

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Speaker 1: give the ninety day pause on tariffs, then yes, you're right.

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Speaker 1: This is drastic insider trading, but crazily sunny Houstin is

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Speaker 1: not even the dumbest person on the View the Views,

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Speaker 1: Joy Behar says that Trump is intentionally tanking the economy

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Speaker 1: for his billionaire buddies so that he can make himself

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Speaker 1: a dictator. This is her theory. This is what you're

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Speaker 1: listening to. And you might say, okay, well, why does

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Speaker 1: this matter? There are millions of people that are listening

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Speaker 1: to this show on a daily basis. Here is cut thirteen,

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Speaker 1: Joy Behar with her theory about what's going on.

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Speaker 7: He's trying to destroy the country. Now why is he

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Speaker 7: doing that? So there's a couple of theories. First of all,

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Speaker 7: if he tanks the entire stock market, not all his

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Speaker 7: billionaire friends can swoop in and buy everything. Look, that's

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Speaker 7: not an original idea. That's Hawkim Jeffrey said that, and

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Speaker 7: in fact, today on Truth Social Trump wrote a great

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Speaker 7: time to buy hmm.

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Speaker 1: There.

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Speaker 7: The theory is from James Carville, which I think is

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Speaker 7: interesting that he wants to stoke such instability and chaos

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Speaker 7: to consolidate power for himself so that people start to

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Speaker 7: really go nutspeak, starting to get mad. How mad will

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Speaker 7: people get and how broke will people get and how

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Speaker 7: many jobs will they lost? And then he can say, well,

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Speaker 7: there's too much chaos and now we're going to have

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Speaker 7: martial law in this country and he becomes a dictator.

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Speaker 1: Okay, this is bonkers. First of all, Trump has been

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Speaker 1: saying it's a great time to buy in America for

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Speaker 1: a long time. He's a pro American leader. But the

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Speaker 1: billionaire buddies thing doesn't even make sense. Okay, do you

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Speaker 1: know where most billionaires have their assets?

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Speaker 2: The stock market?

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Speaker 1: Whatever losses are occurring on paper are drastically higher for

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Speaker 1: billionaires than they are for people who are not billionaires.

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Speaker 1: It doesn't make sense that Trump would allow his billionaire

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Speaker 1: buddies to make way more money by driving down the

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Speaker 1: prices of their assets. It again, these are crazy town talks,

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Speaker 1: and that James Carvel says, Hey, what they're trying to

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Speaker 1: do is actually create dictator opportunities for Trump. Again, this

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Speaker 1: is crazy town talk. And I've said this before, but

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Speaker 1: I do think it bears repeating. If Trump truly wanted

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Speaker 1: to be a dictator, Let's pretend that he called me

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Speaker 1: and he said, Clay, what should I do to become

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Speaker 1: a dictator? The time when Trump had the most dictatorial

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Speaker 1: powers basically of any president in our lives except for

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Speaker 1: George W. Bush right after nine to eleven. Do you

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Speaker 1: know what it was when COVID happened. Do you know

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Speaker 1: what Trump did? He allowed governors to make decisions in

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Speaker 1: their states, and he allowed individual mayors to make decisions

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Speaker 1: in their cities. If anything, if you were going to

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Speaker 1: criticize Trump, it would actually be for during COVID not

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Speaker 1: taking more executive authority and giving too much power back

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Speaker 1: to the states, because the governors of California and New York,

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Speaker 1: for instance, made disastrous decisions for most of their citizens

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Speaker 1: because Trump deferred to the principles of federalism. Do you

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Speaker 1: know who then took over massive amounts of power and

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Speaker 1: tried to regulate you to the ends of the earth.

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Speaker 1: Joe Biden when he said if you didn't get the

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Speaker 1: COVID shot that you could be fired from your jobs.

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Speaker 1: Do y'all remember that, I bet most of you do.

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Speaker 1: The only reason that didn't become law was because the

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Speaker 1: Supreme Court said that Joe Biden didn't have the power

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Speaker 1: to do it. Biden is the one who actually took

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Speaker 1: advantage of COVID to implement dictatorial powers. You remember, we're

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Speaker 1: going to have a winter of death. Remember when Joe

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Speaker 1: Biden said his patience was running thin if you weren't

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Speaker 1: getting the COVID shot I do. And again, this is

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Speaker 1: why the argument that Trump wants to be a dictator

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Speaker 1: and authoritarian is absolutely bonkers. Okay, some of you guys

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Speaker 1: went away in I told you I'd take some calls

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Speaker 1: eight hundred. Uh, you can give us a call to

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Speaker 1: a two to eight A two Sam in Milwaukee.

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Speaker 2: What you got for us?

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Speaker 10: All right, thanks for taking my call. I wanted to say,

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Speaker 10: I actually support Trump's tariffs, and I this is somebody

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Speaker 10: who's lucky to be well off. My portfolio went down,

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Speaker 10: you know, by six figures over the last few days.

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Speaker 10: But I think it's it's good for the country, and

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Speaker 10: it's good for blue collar working people. And it's the

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Speaker 10: people who have a lot of money in the stock

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Speaker 10: market and who profited from outsourcing who are complaining. The

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Speaker 10: other thing I wanted to ask about is in another

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Speaker 10: way to bring jobs back to the US, what do

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Speaker 10: you guys think about replacing minimum wage with an earned

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Speaker 10: income tax credit? Because you know, China has an unfaired

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Speaker 10: advantage they treat their people like slaves. They don't have

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Speaker 10: to adhere to the same safty and environment environmental regulations.

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Speaker 10: Allowing pre market to dictate a wage and then redistributing

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Speaker 10: as much or as little wealth as you want with

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Speaker 10: earned income tax credit would avoid that as well as

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Speaker 10: encourage people to work.

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Speaker 1: Thanks, thank you for the call. We're coming up on

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Speaker 1: April fifteenth. We have a situation where less than half

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Speaker 1: of Americans actually pay income taxes. Now, to the caller's point,

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Speaker 1: a lot of people pay payroll taxes if you have

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Speaker 1: a job. And the biggest challenge that we have on

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Speaker 1: a structural level with China is what he just referenced.

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Speaker 1: The average Chinese worker makes a fraction of what the

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Speaker 1: average American worker makes. And by the way, people in

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Speaker 1: China make more money than people in Vietnam or Cambodia.

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Speaker 1: And so if you're producing a product, you can have

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Speaker 1: wages that would be considered below slave wages in the

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Speaker 1: United States to produce products. I mean, Nike is a

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Speaker 1: good example. This is why I went after the guys

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Speaker 1: in the NBA so aggressively, because they're very happy to

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Speaker 1: rip America to shreds. They never point out that China,

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Speaker 1: for instance, was making Nike shoes back in the day

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Speaker 1: with legitimate Chinese slave labor. So the modern day slave

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Speaker 1: masters were actually NBA athletes who were profiting making tens

439
00:25:17,560 --> 00:25:21,240
Speaker 1: of millions of dollars off of Nike shoes being produced by,

440
00:25:21,680 --> 00:25:25,640
Speaker 1: at least in Xingjiang Province, people who were effectively slaves,

441
00:25:26,040 --> 00:25:28,520
Speaker 1: and China was bragging about the fact that the cotton

442
00:25:28,600 --> 00:25:31,680
Speaker 1: to make many of these shoes was coming from basically

443
00:25:31,760 --> 00:25:36,439
Speaker 1: slave labor production. Now Nike has since pulled some of

444
00:25:36,440 --> 00:25:38,879
Speaker 1: its production out of China. They moved into the Philippines.

445
00:25:38,920 --> 00:25:42,840
Speaker 1: They didn't do that because they're amazingly great human rights advocates.

446
00:25:42,880 --> 00:25:45,160
Speaker 1: They did it because it was way cheaper to make

447
00:25:45,200 --> 00:25:47,879
Speaker 1: shoes in the Philippines, because wages went up in China

448
00:25:48,200 --> 00:25:50,560
Speaker 1: as China became a more industrialized country and it was

449
00:25:50,640 --> 00:25:52,919
Speaker 1: cheaper to go elsewhere. And this is one of the

450
00:25:52,920 --> 00:25:58,720
Speaker 1: biggest challenges in general right about production of goods, is

451
00:25:58,760 --> 00:26:02,080
Speaker 1: that it is quite a lot cheaper to make goods

452
00:26:02,400 --> 00:26:06,399
Speaker 1: in foreign countries where they basically have what we would

453
00:26:06,400 --> 00:26:09,080
Speaker 1: consider in the United States to be slave labor wages.

454
00:26:10,000 --> 00:26:12,800
Speaker 1: In places like Vietnam and Cambodia. And what China has

455
00:26:12,880 --> 00:26:17,560
Speaker 1: done is they have recognized that their overall cheating on

456
00:26:17,760 --> 00:26:22,800
Speaker 1: the world trade stage, even in China has been caught

457
00:26:22,880 --> 00:26:25,560
Speaker 1: on some level, but they now have moved production to

458
00:26:25,640 --> 00:26:29,600
Speaker 1: other countries, which is why figuring out how to rectify

459
00:26:29,760 --> 00:26:32,359
Speaker 1: all of their cheating when it comes to global trade

460
00:26:32,440 --> 00:26:36,360
Speaker 1: is so complicated. James in Roanoke, Virginia, what you got

461
00:26:36,359 --> 00:26:36,960
Speaker 1: for us?

462
00:26:37,960 --> 00:26:41,120
Speaker 11: Well, mister Travis, thank you for taking my call. Longtime

463
00:26:41,160 --> 00:26:45,840
Speaker 11: listeners since the mid eighties. I have a question that

464
00:26:45,880 --> 00:26:50,159
Speaker 11: I'm really struggling with and I get frustrated when I

465
00:26:50,200 --> 00:26:54,600
Speaker 11: hear people say that these illegal that are being deported

466
00:26:55,800 --> 00:26:58,720
Speaker 11: have a ride to a trial. And I've always thought

467
00:26:59,040 --> 00:27:04,120
Speaker 11: that eagles don't have any rights just based on being illegals,

468
00:27:04,560 --> 00:27:05,919
Speaker 11: and so I was wondering if you can help them

469
00:27:05,920 --> 00:27:06,640
Speaker 11: with that circa.

470
00:27:06,640 --> 00:27:08,919
Speaker 1: Well, I mean, yes, that's an argument that's going on

471
00:27:09,040 --> 00:27:13,800
Speaker 1: right now, for instance, with the deportation of Venezuelan illegals.

472
00:27:14,240 --> 00:27:16,600
Speaker 1: And honestly, it's been a huge debate that has gone

473
00:27:16,640 --> 00:27:18,640
Speaker 1: to the Supreme Court several different times. And I want

474
00:27:18,640 --> 00:27:22,240
Speaker 1: to sound like a lawyer nerd, but this is one

475
00:27:22,320 --> 00:27:28,520
Speaker 1: reason why Guantanamo exists because if you don't bring prisoners

476
00:27:28,560 --> 00:27:32,560
Speaker 1: into the United States, and Guantanamo initially was created for

477
00:27:32,800 --> 00:27:37,520
Speaker 1: nine to eleven prisoners, their rights as enemy combatants are

478
00:27:37,600 --> 00:27:41,560
Speaker 1: different than the rights of someone who is being prosecuted

479
00:27:41,560 --> 00:27:45,000
Speaker 1: in American court. And again, this gets really far down

480
00:27:45,000 --> 00:27:49,360
Speaker 1: into the weeds on exactly what due process rights exist.

481
00:27:50,000 --> 00:27:53,600
Speaker 1: The argument here is that because they are here illegally,

482
00:27:54,040 --> 00:27:58,119
Speaker 1: they have violated American law, and therefore they are not

483
00:27:58,440 --> 00:28:01,240
Speaker 1: subject to the same due process rights that you or me,

484
00:28:01,400 --> 00:28:04,320
Speaker 1: or any other American citizen would be. And on the

485
00:28:04,440 --> 00:28:07,400
Speaker 1: enemy combatant front, which is another angle where they are

486
00:28:07,440 --> 00:28:12,240
Speaker 1: trying to analyze this, if you were seized in a

487
00:28:12,280 --> 00:28:16,000
Speaker 1: foreign country, the question of who exactly is an enemy

488
00:28:16,000 --> 00:28:19,280
Speaker 1: combatant is actually one that is very complicated inside the law.

489
00:28:19,560 --> 00:28:23,040
Speaker 1: So the long way around the question is I think

490
00:28:23,080 --> 00:28:27,919
Speaker 1: that the Trump administration is behaving appropriately when it comes

491
00:28:27,960 --> 00:28:32,080
Speaker 1: to these individuals. The courts are going to determine exactly

492
00:28:32,080 --> 00:28:34,840
Speaker 1: how to classify someone who is here in the United

493
00:28:34,840 --> 00:28:38,480
Speaker 1: States physically present, but does not have the legal right

494
00:28:38,560 --> 00:28:41,760
Speaker 1: to be here. And so I am of the opinion

495
00:28:41,800 --> 00:28:44,840
Speaker 1: that the Trump administration has behaved lawfully. I think the

496
00:28:44,840 --> 00:28:47,920
Speaker 1: Supreme Court will agree Trump is on a winning streak.

497
00:28:47,920 --> 00:28:50,000
Speaker 1: I think he's won five straight cases in front of

498
00:28:50,040 --> 00:28:53,240
Speaker 1: the Supreme Court. But that is the complication that is

499
00:28:53,240 --> 00:28:55,440
Speaker 1: associated with it. Thank you for listening for a long time,

500
00:28:55,480 --> 00:29:00,920
Speaker 1: and thank you for calling Carol in my tan you

501
00:29:00,960 --> 00:29:02,600
Speaker 1: wanted to weigh in on the view. By the way,

502
00:29:03,120 --> 00:29:07,840
Speaker 1: public information is not insider trading. Another important aspect here.

503
00:29:08,320 --> 00:29:12,040
Speaker 1: When you say something public, insider information typically has to

504
00:29:12,080 --> 00:29:15,520
Speaker 1: be something that others do not know. Trump saying now

505
00:29:15,640 --> 00:29:19,240
Speaker 1: is a good time to buy is immediately public, therefore

506
00:29:19,320 --> 00:29:23,840
Speaker 1: everyone can act upon it. Insider trading would require that

507
00:29:24,000 --> 00:29:29,360
Speaker 1: Trump called friends and said, hey, I'm about to pause

508
00:29:29,480 --> 00:29:33,920
Speaker 1: the ninety day issue here. I'm about to issue a

509
00:29:34,000 --> 00:29:37,160
Speaker 1: ninety day tear pause. You should all go by right now.

510
00:29:37,760 --> 00:29:41,000
Speaker 1: That did not seem to occur, at least based on

511
00:29:41,200 --> 00:29:44,000
Speaker 1: my watching of the market, because the market did not

512
00:29:44,360 --> 00:29:48,840
Speaker 1: pop until Trump officially made the statement on truth social

513
00:29:48,920 --> 00:29:52,560
Speaker 1: that he was pausing the ninety days. So public comments

514
00:29:52,680 --> 00:29:56,400
Speaker 1: by their very nature are not insider trading because they

515
00:29:56,440 --> 00:30:00,720
Speaker 1: are immediately public for everyone but Carol in Montana. I'll

516
00:30:00,720 --> 00:30:02,520
Speaker 1: get to Carol in Montana and we come back. Pause

517
00:30:02,560 --> 00:30:04,520
Speaker 1: for that, because I need to do this read. But

518
00:30:04,560 --> 00:30:06,440
Speaker 1: we'll get to Carol in Montana. I'll get to Greg

519
00:30:06,480 --> 00:30:08,880
Speaker 1: and Sioux Falls and Jesse and Aurora, Colorado.

520
00:30:08,920 --> 00:30:09,960
Speaker 2: A lot of you lining up.

521
00:30:10,600 --> 00:30:12,720
Speaker 1: If you're a good gun owner, you need to know

522
00:30:12,760 --> 00:30:16,040
Speaker 1: about the United States Concealed Carry Association. They're all about

523
00:30:16,080 --> 00:30:19,960
Speaker 1: protecting your rights to allowing you to defend yourself. Look,

524
00:30:20,320 --> 00:30:23,320
Speaker 1: I'm a member, but I have done and this is important.

525
00:30:23,760 --> 00:30:26,720
Speaker 1: I have done a lot of criminal defense cases over

526
00:30:26,760 --> 00:30:29,920
Speaker 1: the years. In fact, I've even gone and gotten my

527
00:30:30,040 --> 00:30:34,040
Speaker 1: continuing legal education on what is the difference between a

528
00:30:34,120 --> 00:30:36,800
Speaker 1: good shoot that is one that is legal and a

529
00:30:36,840 --> 00:30:39,760
Speaker 1: bad shoot that is one that is illegal. And often

530
00:30:39,920 --> 00:30:43,800
Speaker 1: it can come down to very minuscule factual analysis. You

531
00:30:43,880 --> 00:30:46,080
Speaker 1: just heard me talking about, for instance, what is and

532
00:30:46,120 --> 00:30:49,560
Speaker 1: what is not an illegal alien? What do process rights

533
00:30:49,680 --> 00:30:52,920
Speaker 1: are in play? The law can be very complicated. If

534
00:30:52,960 --> 00:30:57,080
Speaker 1: you are defending yourself from someone who is trying to

535
00:30:57,160 --> 00:31:01,600
Speaker 1: do you harm, but somehow you end up being prosecuted.

536
00:31:02,040 --> 00:31:04,240
Speaker 1: You want to know that you've got somebody who can

537
00:31:04,280 --> 00:31:06,680
Speaker 1: have your back. You want to be a member of

538
00:31:06,760 --> 00:31:10,760
Speaker 1: the us CCA. They're the newest sponsor to this program.

539
00:31:10,800 --> 00:31:14,080
Speaker 1: They do many things. They have great guides on concealed

540
00:31:14,160 --> 00:31:18,000
Speaker 1: carry family defense guides, but also they'll give you mental prep,

541
00:31:18,120 --> 00:31:22,240
Speaker 1: legal insights, step by step training. If you own a gun,

542
00:31:22,840 --> 00:31:26,160
Speaker 1: you can go and sign up with them and you

543
00:31:26,240 --> 00:31:29,760
Speaker 1: can ensure that if you one day need a warrior

544
00:31:30,120 --> 00:31:33,400
Speaker 1: to defend you when you use that gun. This is

545
00:31:33,440 --> 00:31:36,600
Speaker 1: one of the things that they do. They provide incredible

546
00:31:36,680 --> 00:31:40,160
Speaker 1: legal analysis. They also will provide you with all the

547
00:31:40,200 --> 00:31:44,800
Speaker 1: background you need to be able to defend yourself legally.

548
00:31:45,200 --> 00:31:50,800
Speaker 1: Go online to USCCA dot com slash clay to get

549
00:31:50,840 --> 00:31:54,160
Speaker 1: a free guide and see all the fabulous things they do.

550
00:31:54,640 --> 00:31:59,240
Speaker 1: That is us CCA dot com slash clay.

551
00:32:00,120 --> 00:32:00,440
Speaker 2: More time.

552
00:32:00,520 --> 00:32:02,240
Speaker 1: I want you to go check out all the work

553
00:32:02,280 --> 00:32:04,280
Speaker 1: that they do. I think it's important if you own

554
00:32:04,360 --> 00:32:06,920
Speaker 1: firearms for you to know exactly what your rights are

555
00:32:07,080 --> 00:32:09,880
Speaker 1: and be able to protect you and your family in

556
00:32:09,960 --> 00:32:15,040
Speaker 1: the event that you need legal protection. USCCA dot com

557
00:32:15,080 --> 00:32:16,040
Speaker 1: slash clay.

558
00:32:17,080 --> 00:32:20,560
Speaker 9: Sometimes all you can do is laugh, and they do

559
00:32:20,680 --> 00:32:23,920
Speaker 9: a lot of it with the Sunday Hang join Clay

560
00:32:23,960 --> 00:32:26,480
Speaker 9: and Buck as they laugh it up in the Klay

561
00:32:26,480 --> 00:32:29,720
Speaker 9: and Buck podcast feed on the iHeartRadio app or wherever

562
00:32:29,760 --> 00:32:31,000
Speaker 9: you get your podcasts.

563
00:32:31,280 --> 00:32:35,840
Speaker 1: News that is out there, Inflation softening down, to two

564
00:32:35,920 --> 00:32:40,160
Speaker 1: point four percent, the lowest rate in four years. Prices

565
00:32:40,200 --> 00:32:45,120
Speaker 1: actually went down point one percent since the last reading.

566
00:32:45,720 --> 00:32:49,560
Speaker 1: Trump has raised tariffs to one hundred and forty five

567
00:32:49,720 --> 00:32:55,160
Speaker 1: percent on China, and we have a budget resolution that

568
00:32:55,280 --> 00:32:58,680
Speaker 1: has passed the House two sixteen to to fourteen, which

569
00:32:58,760 --> 00:33:01,600
Speaker 1: will lead to a tax cut, the big Beautiful bill

570
00:33:01,720 --> 00:33:04,840
Speaker 1: as Trump is calling it. Also, we'll add more for

571
00:33:04,960 --> 00:33:09,520
Speaker 1: border security, many different moving parts. Their stock market back

572
00:33:09,600 --> 00:33:13,400
Speaker 1: down today after one of the biggest days in the

573
00:33:13,560 --> 00:33:16,760
Speaker 1: history of stock market rallies yesterday.

574
00:33:17,480 --> 00:33:20,160
Speaker 2: We will dive into that a bit more. But we

575
00:33:20,240 --> 00:33:20,880
Speaker 2: bring on now.

576
00:33:20,920 --> 00:33:23,960
Speaker 1: We've been decided Buck and I did a while back,

577
00:33:24,000 --> 00:33:27,560
Speaker 1: as the tariff process has played itself out, let's bring

578
00:33:27,600 --> 00:33:31,920
Speaker 1: on people with strong economic backgrounds to talk with all

579
00:33:31,960 --> 00:33:34,960
Speaker 1: of you. Yesterday we had our laugher on at the

580
00:33:35,040 --> 00:33:38,360
Speaker 1: same time. Today we have on Stephen Moore, President Trump's

581
00:33:38,440 --> 00:33:42,960
Speaker 1: former senior economic advisor. He is right now the co

582
00:33:43,040 --> 00:33:48,040
Speaker 1: founder of Committee to Unleash Prosperity, and we bring him

583
00:33:48,040 --> 00:33:50,240
Speaker 1: in now. And Steve and I appreciate you making the

584
00:33:50,240 --> 00:33:50,760
Speaker 1: time for us.

585
00:33:50,760 --> 00:33:51,240
Speaker 2: You've been on.

586
00:33:51,440 --> 00:33:53,160
Speaker 1: It's been a couple of years since you were on

587
00:33:53,240 --> 00:33:57,640
Speaker 1: with us last What do you think from an economic perspective,

588
00:33:58,040 --> 00:34:01,960
Speaker 1: the millions of people listening to us right right now

589
00:34:02,440 --> 00:34:06,360
Speaker 1: should know about what President Trump is doing and its impact.

590
00:34:06,960 --> 00:34:08,839
Speaker 12: Well, Klaie, thanks so much for having me. And by

591
00:34:08,880 --> 00:34:11,800
Speaker 12: the way, how cool is that you had a laugher

592
00:34:11,880 --> 00:34:16,040
Speaker 12: on the most famous economists in the world yesterday.

593
00:34:16,640 --> 00:34:17,359
Speaker 5: That's pretty cool.

594
00:34:17,640 --> 00:34:19,560
Speaker 12: And I have to say that he and I wrote

595
00:34:19,560 --> 00:34:22,920
Speaker 12: a piece in the Wall Street Journal on Tuesday urging

596
00:34:22,960 --> 00:34:27,200
Speaker 12: Trump to you know, let's just offer these countries zero

597
00:34:27,320 --> 00:34:30,520
Speaker 12: terrorists and see if you know they'll lower their terrasts zero,

598
00:34:30,560 --> 00:34:33,360
Speaker 12: we'd lower ours. And I think that was the impetus

599
00:34:33,440 --> 00:34:36,279
Speaker 12: for Trump putting this proposal on the table, which I

600
00:34:36,280 --> 00:34:40,440
Speaker 12: thought was fantastic. That you're right, yesterday was the biggest

601
00:34:41,200 --> 00:34:43,719
Speaker 12: point increase in the Doubt Jones in the history of

602
00:34:43,719 --> 00:34:47,719
Speaker 12: the stock market. Now it's down today, but it's not

603
00:34:47,800 --> 00:34:49,040
Speaker 12: down nearly as much as it.

604
00:34:49,040 --> 00:34:49,840
Speaker 5: Was up yesterday.

605
00:34:49,840 --> 00:34:51,560
Speaker 12: And then look, this is going to be a top

606
00:34:51,560 --> 00:34:54,520
Speaker 12: sea turvy market for the next number of months until

607
00:34:54,560 --> 00:34:56,680
Speaker 12: we get this settled. But I got to tell you,

608
00:34:56,719 --> 00:34:59,680
Speaker 12: having worked with Donald Trump and seen him in action

609
00:34:59,800 --> 00:35:03,000
Speaker 12: out front and personal, this guy is three steps ahead

610
00:35:03,000 --> 00:35:04,480
Speaker 12: of everybody else on the chess board.

611
00:35:04,880 --> 00:35:07,840
Speaker 5: He is a master negotiator. He knows what he's doing.

612
00:35:08,400 --> 00:35:12,200
Speaker 12: And in the end, I think from my first advice

613
00:35:12,239 --> 00:35:14,840
Speaker 12: to people, just now would be a terrible time to sell.

614
00:35:14,920 --> 00:35:18,520
Speaker 12: You never want to sell, you know, when stocks have

615
00:35:18,560 --> 00:35:23,680
Speaker 12: been falling. That's violating the first rule of stock convesting.

616
00:35:23,719 --> 00:35:26,080
Speaker 12: You want to buy low and sell high. But sometimes

617
00:35:26,080 --> 00:35:27,040
Speaker 12: people get panicked.

618
00:35:28,680 --> 00:35:29,279
Speaker 5: That's number one.

619
00:35:29,360 --> 00:35:31,960
Speaker 12: Number two. I believe what Trump is trying to do

620
00:35:32,040 --> 00:35:37,719
Speaker 12: from an economics standpoint is his strategy is to isolate

621
00:35:38,160 --> 00:35:43,720
Speaker 12: the bad actor, the new Soviet Union of the world,

622
00:35:43,760 --> 00:35:47,200
Speaker 12: and that is China. China is a country that is

623
00:35:48,280 --> 00:35:52,640
Speaker 12: a national security and economic security threat to the United

624
00:35:52,680 --> 00:35:55,360
Speaker 12: States is I think they are to the free world,

625
00:35:55,680 --> 00:35:57,480
Speaker 12: And so what he's trying to do, I think is

626
00:35:57,640 --> 00:36:00,960
Speaker 12: unite the rest of the world against a kind of

627
00:36:01,040 --> 00:36:05,479
Speaker 12: decouple from them because because they are such a threat.

628
00:36:05,920 --> 00:36:08,040
Speaker 12: And I think that strategy can work. But we're going

629
00:36:08,120 --> 00:36:10,920
Speaker 12: to find out. We're going to really see whether or

630
00:36:11,080 --> 00:36:14,400
Speaker 12: who are friends and allies are and who are our enemies?

631
00:36:14,600 --> 00:36:17,279
Speaker 12: Will where will Europe be? Will they stand with us?

632
00:36:17,280 --> 00:36:19,680
Speaker 12: What about Britain? Will they stand with us? What about Japan?

633
00:36:19,800 --> 00:36:23,279
Speaker 12: What about Canada? We need to unite Trump is the

634
00:36:23,320 --> 00:36:24,040
Speaker 12: guy to do it.

635
00:36:24,480 --> 00:36:25,880
Speaker 5: But we'll see.

636
00:36:26,719 --> 00:36:29,399
Speaker 1: Okay, So let's dive into this. You mentioned people who

637
00:36:29,480 --> 00:36:33,040
Speaker 1: own stocks right now, which is a huge percentage, Yeah,

638
00:36:33,200 --> 00:36:36,920
Speaker 1: huge percentage of our audience out there, either in pensions

639
00:36:36,960 --> 00:36:39,440
Speaker 1: for oh one k's or people buying it and selling

640
00:36:39,440 --> 00:36:44,120
Speaker 1: individual stocks. What would you tell people who are nervous, apprehensive,

641
00:36:45,000 --> 00:36:48,200
Speaker 1: maybe pay attention to stock prices only when they're really

642
00:36:48,320 --> 00:36:51,479
Speaker 1: kind of popping in one way or the other. How

643
00:36:51,600 --> 00:36:56,960
Speaker 1: should they handle emotional reactions to valuations on the stock

644
00:36:57,000 --> 00:37:01,200
Speaker 1: market from your perspective as a highly try trained, highly

645
00:37:01,239 --> 00:37:02,960
Speaker 1: successful economist.

646
00:37:03,520 --> 00:37:06,640
Speaker 12: Well, I'm an economist. I'm not a financial analyst, and

647
00:37:06,719 --> 00:37:09,799
Speaker 12: sometimes sometimes economists are not great stock pickers. Of the

648
00:37:09,800 --> 00:37:13,160
Speaker 12: great greatest economists who ever lived was Milton Friedman, and

649
00:37:13,160 --> 00:37:17,600
Speaker 12: he was terrible. It's not investing, so yeah, I'll say

650
00:37:17,640 --> 00:37:20,839
Speaker 12: that as a prelude to But the advice I'm going

651
00:37:20,880 --> 00:37:24,000
Speaker 12: to give to your listeners is really pretty straightforward, and

652
00:37:24,040 --> 00:37:27,200
Speaker 12: I think almost every financial honest would agree with me.

653
00:37:27,880 --> 00:37:31,080
Speaker 12: It's called stops for the long run. So in other words,

654
00:37:31,120 --> 00:37:34,799
Speaker 12: if you're investing for you know, for it returns five

655
00:37:34,840 --> 00:37:36,920
Speaker 12: years from now, ten years from now, twenty years from now,

656
00:37:36,920 --> 00:37:38,960
Speaker 12: depending on what your age is, you want to be

657
00:37:39,080 --> 00:37:41,440
Speaker 12: in the American stock market, it goes up.

658
00:37:41,520 --> 00:37:43,719
Speaker 5: It goes up. Now that doesn't mean that you.

659
00:37:43,719 --> 00:37:47,279
Speaker 12: Get these kind of downturns, but the real rate of

660
00:37:47,320 --> 00:37:49,640
Speaker 12: return of the US stock market since the New York

661
00:37:49,719 --> 00:37:52,400
Speaker 12: Stock Exchange opened its stores, it is like seven percent.

662
00:37:53,360 --> 00:37:56,040
Speaker 12: So what I'm saying is, if you don't have to

663
00:37:56,120 --> 00:37:58,759
Speaker 12: take your money out, if you're not cash squeezed right now,

664
00:37:58,880 --> 00:38:00,879
Speaker 12: keep it in the market. It's going to do well

665
00:38:00,880 --> 00:38:03,160
Speaker 12: over time. And again I'm not saying a you're from now,

666
00:38:03,280 --> 00:38:06,440
Speaker 12: maybe you're from now, maybe a little bit lower. What

667
00:38:06,480 --> 00:38:09,799
Speaker 12: I'm saying is I feel very very strongly that three

668
00:38:09,920 --> 00:38:12,360
Speaker 12: years from now, five years from now, you're going to

669
00:38:12,400 --> 00:38:14,760
Speaker 12: get a nice return on your money. And if anything,

670
00:38:15,080 --> 00:38:17,279
Speaker 12: I'd be buying stock right now, not selling it.

671
00:38:17,760 --> 00:38:20,719
Speaker 1: Okay, let's go into China in particular, because this is

672
00:38:20,760 --> 00:38:23,760
Speaker 1: obviously now the focus based on the way the President

673
00:38:23,800 --> 00:38:28,200
Speaker 1: has responded with yesterday's news, he really has isolated China.

674
00:38:28,320 --> 00:38:31,720
Speaker 1: Tariffs up now to one hundred and forty five percent

675
00:38:31,880 --> 00:38:36,279
Speaker 1: on China. From your perspective, what does a fair economic

676
00:38:36,320 --> 00:38:37,759
Speaker 1: deal with China look like?

677
00:38:39,320 --> 00:38:44,240
Speaker 12: Well, China cheats, They steal They steal our intellectual property,

678
00:38:44,320 --> 00:38:49,640
Speaker 12: they steal out patents. It is a very predatory nation.

679
00:38:50,360 --> 00:38:53,040
Speaker 12: So I think we have to be very tough with China.

680
00:38:53,200 --> 00:38:54,480
Speaker 12: And and by the way, you're talking to a guy

681
00:38:54,480 --> 00:38:57,640
Speaker 12: who's a free trader. You know, I like free trade.

682
00:38:57,680 --> 00:38:59,920
Speaker 12: I'm not a big fan of tariff's. I agree with

683
00:39:00,160 --> 00:39:02,080
Speaker 12: eighty percent of what Trump is doing. I'm not a

684
00:39:02,160 --> 00:39:04,759
Speaker 12: huge fan of terrists. My only the only thing I

685
00:39:04,800 --> 00:39:07,600
Speaker 12: would fault Trump on is that I think we should

686
00:39:07,920 --> 00:39:09,880
Speaker 12: you know, why is he going after Canada and some

687
00:39:09,920 --> 00:39:12,520
Speaker 12: of our allies. We really have to focus on China,

688
00:39:12,520 --> 00:39:14,520
Speaker 12: and that's I think that's where he is right now.

689
00:39:15,600 --> 00:39:19,160
Speaker 12: So that's that's the issue. I mean, come on, China

690
00:39:19,239 --> 00:39:23,280
Speaker 12: is on the verge of possibly invading Taiwan. They're building

691
00:39:23,360 --> 00:39:26,839
Speaker 12: up their military in a very aggressive way. They don't

692
00:39:27,040 --> 00:39:30,839
Speaker 12: They're tariffs are three to four times higher than ours are.

693
00:39:31,120 --> 00:39:33,600
Speaker 12: And I want to make sure that your listeners understand this.

694
00:39:34,239 --> 00:39:35,880
Speaker 12: You know, I do a lot of I'm doing like

695
00:39:35,920 --> 00:39:38,640
Speaker 12: the BBC, I do a lot of like media in

696
00:39:39,040 --> 00:39:42,320
Speaker 12: like Europe and Japan. You know, they're interested what Trump's

697
00:39:42,320 --> 00:39:45,560
Speaker 12: going to do, and they're so self and they're self righteous,

698
00:39:45,600 --> 00:39:48,160
Speaker 12: and they're They're like, why is Trump doing this? He's

699
00:39:48,160 --> 00:39:50,879
Speaker 12: starting starting a trade war? And I said, wait a minute,

700
00:39:50,880 --> 00:39:52,120
Speaker 12: what are people talking about.

701
00:39:52,560 --> 00:39:54,120
Speaker 11: We have the lowest tariffs.

702
00:39:53,680 --> 00:39:54,480
Speaker 13: In the world.

703
00:39:54,880 --> 00:39:57,799
Speaker 12: Their terrorists are higher than ours, So how can they

704
00:39:57,800 --> 00:39:59,439
Speaker 12: say we're starting a trade war.

705
00:40:00,400 --> 00:40:02,760
Speaker 1: No, it's a fantastic question. And when we've been asking

706
00:40:02,800 --> 00:40:05,480
Speaker 1: on this program for some time. Okay, so you in

707
00:40:05,560 --> 00:40:09,319
Speaker 1: general are a free trader. There is a tension and

708
00:40:09,360 --> 00:40:13,400
Speaker 1: it certainly has been i think exposed to some degree

709
00:40:13,440 --> 00:40:15,919
Speaker 1: between say Elon Musk, who is more of a free

710
00:40:15,920 --> 00:40:18,799
Speaker 1: trader than not, and Peter Navarro, who is very much

711
00:40:18,920 --> 00:40:22,239
Speaker 1: not a free trader. So here is the challenge, so

712
00:40:22,320 --> 00:40:24,400
Speaker 1: far as I can see it is you kind of

713
00:40:24,440 --> 00:40:27,360
Speaker 1: have a schism. For lack of a better way to

714
00:40:27,480 --> 00:40:31,080
Speaker 1: describe it, what Trump is advocating for, on one hand

715
00:40:31,160 --> 00:40:34,040
Speaker 1: is free trade, and yesterday talking with Art Laugher, I said,

716
00:40:34,080 --> 00:40:37,480
Speaker 1: free trade with Europe can make sense, Japan, South Korea,

717
00:40:37,600 --> 00:40:39,799
Speaker 1: so called good actors. Right, for lack of a better

718
00:40:39,840 --> 00:40:42,239
Speaker 1: way to describe it, then there are I think it's

719
00:40:42,280 --> 00:40:43,880
Speaker 1: fair to say bad actors.

720
00:40:43,480 --> 00:40:46,319
Speaker 2: In China would be the most prominent and powerful among them.

721
00:40:46,840 --> 00:40:50,200
Speaker 1: How do you balance the free trade perspectives with a

722
00:40:50,239 --> 00:40:53,640
Speaker 1: country that is not committed to free trade and end

723
00:40:53,719 --> 00:40:56,440
Speaker 1: up with a deal that makes sense across the board

724
00:40:56,560 --> 00:40:57,719
Speaker 1: from your perspective.

725
00:40:58,080 --> 00:41:00,520
Speaker 12: Well, that's a great question, and I'm going to give

726
00:41:00,520 --> 00:41:03,320
Speaker 12: you a kind of historical parallel. You know, in the

727
00:41:03,400 --> 00:41:06,360
Speaker 12: nineteen thirties, you know, we were a pretty free trade country,

728
00:41:06,680 --> 00:41:10,800
Speaker 12: and we were trading with Japan. You know, we almost

729
00:41:10,880 --> 00:41:13,319
Speaker 12: literally sold them the lead and the steel that they

730
00:41:13,440 --> 00:41:15,760
Speaker 12: used for the bombs that they dropped on Pearl Harbor.

731
00:41:16,600 --> 00:41:18,440
Speaker 12: So that was kind of a dumb thing to do.

732
00:41:18,800 --> 00:41:21,439
Speaker 12: And so do we really want to do that again

733
00:41:21,480 --> 00:41:24,319
Speaker 12: with China? I say no, I think we need to

734
00:41:24,480 --> 00:41:28,960
Speaker 12: really be very cautious about China. I also like and

735
00:41:28,960 --> 00:41:31,080
Speaker 12: by the way, Trump has changed my mind a little

736
00:41:31,120 --> 00:41:33,240
Speaker 12: bit on this stuff because I've watched him in action.

737
00:41:34,120 --> 00:41:36,160
Speaker 12: I used to be like, a unilateral free trader, we

738
00:41:36,160 --> 00:41:38,279
Speaker 12: should have low terrace, no matter what other countries do.

739
00:41:38,560 --> 00:41:39,759
Speaker 5: I no longer believe that.

740
00:41:39,880 --> 00:41:43,080
Speaker 12: I think Trump is right that. Look, I like this

741
00:41:43,280 --> 00:41:45,600
Speaker 12: idea of reciprocity. If you're going to hit up, if

742
00:41:45,600 --> 00:41:47,080
Speaker 12: you're going to hit us in the nose with a

743
00:41:47,120 --> 00:41:49,400
Speaker 12: twenty percent terraft, you know what we're going to hit

744
00:41:49,480 --> 00:41:51,319
Speaker 12: you in the nose, and if you keep it up,

745
00:41:51,400 --> 00:41:52,759
Speaker 12: you know we're going to ratchet it.

746
00:41:53,040 --> 00:41:53,759
Speaker 5: I think at the.

747
00:41:53,760 --> 00:41:57,160
Speaker 12: End of the day, I really believe this that Trump

748
00:41:57,200 --> 00:42:00,600
Speaker 12: is going to force these other countries to play other rules,

749
00:42:00,640 --> 00:42:03,280
Speaker 12: create a level playing field that benefits everyone.

750
00:42:03,800 --> 00:42:07,839
Speaker 1: Okay, we're talking with Stephen Moore, Trump economic advisor, very

751
00:42:07,840 --> 00:42:10,560
Speaker 1: successful economists. Let me ask you this question big picture.

752
00:42:11,640 --> 00:42:14,240
Speaker 1: I'm sure you remember this well. I was a young

753
00:42:14,280 --> 00:42:17,120
Speaker 1: guy at the time. But in the nineteen eighties, those

754
00:42:17,200 --> 00:42:19,640
Speaker 1: of us who remember the nineteen eighties, the idea was

755
00:42:19,760 --> 00:42:22,759
Speaker 1: sure Japan was going to buy up everything. Their economy

756
00:42:22,840 --> 00:42:26,359
Speaker 1: was on fire, they were growing like crazy, and there

757
00:42:26,440 --> 00:42:29,520
Speaker 1: was a great deal of fear about Japanese ownership of

758
00:42:29,600 --> 00:42:30,560
Speaker 1: American assets.

759
00:42:30,880 --> 00:42:31,080
Speaker 5: Yeah.

760
00:42:31,200 --> 00:42:35,120
Speaker 1: Now forty years later, the japan economies around the same size,

761
00:42:35,320 --> 00:42:39,160
Speaker 1: ish at least according to the stock market. Is China

762
00:42:39,880 --> 00:42:42,680
Speaker 1: somewhat like Japan where you're going to see this massive

763
00:42:42,800 --> 00:42:45,399
Speaker 1: growth and then they're kind of going to run into

764
00:42:45,400 --> 00:42:48,400
Speaker 1: a wall now here we know the demographics. China's population

765
00:42:48,520 --> 00:42:51,840
Speaker 1: is but likely begun to decline. You know, there are

766
00:42:52,000 --> 00:42:54,880
Speaker 1: also it's getting more expensive to make goods in China,

767
00:42:54,920 --> 00:42:59,200
Speaker 1: which is how as economies rise, the expectation of workers increases.

768
00:42:59,560 --> 00:43:02,839
Speaker 1: Do you see a parallel potentially between the rapid rise

769
00:43:02,920 --> 00:43:06,160
Speaker 1: that we saw with Japan and then the plateau with

770
00:43:06,320 --> 00:43:08,360
Speaker 1: what we have seen with China as well?

771
00:43:09,080 --> 00:43:10,279
Speaker 5: Yeah, and even more so.

772
00:43:10,600 --> 00:43:15,120
Speaker 12: Look, China is a centrally planned economy that is run

773
00:43:15,160 --> 00:43:18,640
Speaker 12: by their government. It is run out of Beijing. One

774
00:43:18,760 --> 00:43:22,279
Speaker 12: lesson of history. You're a history historian. I am a

775
00:43:22,320 --> 00:43:25,360
Speaker 12: bit too. One of the most important lessons of economic

776
00:43:25,440 --> 00:43:28,239
Speaker 12: history is that central planning does not work right.

777
00:43:28,480 --> 00:43:29,239
Speaker 5: It does not work.

778
00:43:29,280 --> 00:43:31,120
Speaker 12: It didn't work for the Soviet Union, It's not going

779
00:43:31,200 --> 00:43:34,440
Speaker 12: to work for China. So China's economy will implode. And

780
00:43:34,520 --> 00:43:36,120
Speaker 12: I'm not saying it's going to happen next year, but

781
00:43:36,160 --> 00:43:39,239
Speaker 12: it will implode. It's going to happen because you know,

782
00:43:39,400 --> 00:43:41,600
Speaker 12: we have a free enterprise system where we let capital

783
00:43:41,680 --> 00:43:44,920
Speaker 12: markets and our small businessmen and women make the decisions.

784
00:43:45,080 --> 00:43:47,160
Speaker 5: They have the government making the decision. Who are you

785
00:43:47,200 --> 00:43:47,799
Speaker 5: going to bet on?

786
00:43:48,440 --> 00:43:48,520
Speaker 13: No?

787
00:43:48,640 --> 00:43:50,880
Speaker 1: I agree, okay, So let me ask you this last question.

788
00:43:50,920 --> 00:43:52,719
Speaker 1: I appreciate the time. I know how busy you are

789
00:43:52,719 --> 00:43:56,320
Speaker 1: doing interviews all over the world. Who has more short

790
00:43:56,400 --> 00:43:59,920
Speaker 1: term pressure on them in a tara for by your

791
00:44:00,080 --> 00:44:04,480
Speaker 1: analysis China or the United States whose economy suffers more

792
00:44:04,680 --> 00:44:06,919
Speaker 1: as we go back and forth stare each other down.

793
00:44:07,239 --> 00:44:11,880
Speaker 12: Well there, look, you know when we sneeze, China catches pneumonia,

794
00:44:12,000 --> 00:44:15,000
Speaker 12: they have to trade with us. If we if we

795
00:44:15,120 --> 00:44:17,759
Speaker 12: stopped at trading with China, it would hurt our economy,

796
00:44:17,800 --> 00:44:20,600
Speaker 12: but their economy would go into a great depression. That's

797
00:44:20,640 --> 00:44:23,560
Speaker 12: the leverage that we have over China. And Trump is

798
00:44:23,560 --> 00:44:27,480
Speaker 12: playing that card. But it's a complicated question because they

799
00:44:27,520 --> 00:44:28,719
Speaker 12: don't face elections.

800
00:44:28,880 --> 00:44:30,839
Speaker 5: Yes, President Gee, what's going to stop him?

801
00:44:30,880 --> 00:44:33,120
Speaker 12: He may he may be willing to throw his economy

802
00:44:33,160 --> 00:44:35,440
Speaker 12: and do a depression. You know, Luckily we are a

803
00:44:35,480 --> 00:44:38,960
Speaker 12: democratic country and so you know, our pain threshold is

804
00:44:38,960 --> 00:44:40,120
Speaker 12: probably a lot of less.

805
00:44:39,960 --> 00:44:42,600
Speaker 5: Than theirs are because they're run by a dictator.

806
00:44:42,800 --> 00:44:43,200
Speaker 2: No doubt.

807
00:44:43,480 --> 00:44:46,239
Speaker 1: Well, that's an interesting way of contemplating it. What I

808
00:44:46,239 --> 00:44:48,080
Speaker 1: know I said last question, But what do you think

809
00:44:48,239 --> 00:44:52,440
Speaker 1: Chairman z is hearing and thinking as this process plays out.

810
00:44:52,480 --> 00:44:54,120
Speaker 1: I think a lot of people can get into Trump's

811
00:44:54,160 --> 00:44:56,920
Speaker 1: mind and understand the United States perspective. What do you

812
00:44:56,960 --> 00:44:58,719
Speaker 1: think the China perspective is right now?

813
00:44:59,440 --> 00:45:01,760
Speaker 5: I think there's scared you know, it's not being covered

814
00:45:01,760 --> 00:45:04,279
Speaker 5: by the media, but their market has fallen much more

815
00:45:04,280 --> 00:45:04,640
Speaker 5: than ours.

816
00:45:04,680 --> 00:45:04,839
Speaker 2: Haas.

817
00:45:05,040 --> 00:45:08,040
Speaker 12: Yeah, you know they're facing there, are facing a very

818
00:45:08,160 --> 00:45:09,280
Speaker 12: very severe recession.

819
00:45:09,480 --> 00:45:11,399
Speaker 5: So I think they're freaked out right now. They don't

820
00:45:11,400 --> 00:45:12,440
Speaker 5: know how to deal with Trump.

821
00:45:12,480 --> 00:45:15,279
Speaker 12: I think Trump is as the upper hand here, and

822
00:45:15,400 --> 00:45:17,640
Speaker 12: I'm going to bet on Trump in America, not China.

823
00:45:17,960 --> 00:45:20,600
Speaker 1: Steven Moore, I loved the editorial that you and Art

824
00:45:20,680 --> 00:45:23,319
Speaker 1: laugher pin for the Wall Street Journal. We appreciate you

825
00:45:23,360 --> 00:45:25,640
Speaker 1: coming on and thank Art again. I need to text

826
00:45:25,680 --> 00:45:28,360
Speaker 1: him to thank him for coming on yesterday. We appreciate

827
00:45:28,400 --> 00:45:31,080
Speaker 1: your expertise, and anytime you want to come on, let

828
00:45:31,160 --> 00:45:31,400
Speaker 1: us know.

829
00:45:32,239 --> 00:45:33,440
Speaker 5: Okay, thanks so much, Take care.

830
00:45:33,760 --> 00:45:36,040
Speaker 2: It's great. I mean, you just heard from two of

831
00:45:36,120 --> 00:45:39,560
Speaker 2: the most prominent economists in the world, frankly in the

832
00:45:39,640 --> 00:45:40,359
Speaker 2: last two days.

833
00:45:40,400 --> 00:45:40,600
Speaker 14: Here.

834
00:45:40,920 --> 00:45:42,600
Speaker 1: I'll take some of your questions. By the way, the

835
00:45:42,680 --> 00:45:45,719
Speaker 1: cabinet meeting continuing right now as I am looking up.

836
00:45:45,760 --> 00:45:49,960
Speaker 1: Elon Musk is attending the cabinet meeting and speaking is

837
00:45:50,040 --> 00:45:52,680
Speaker 1: live right now on CNN and Fox News. We are

838
00:45:52,719 --> 00:45:56,640
Speaker 1: monitoring it and we will bring you whatever we have got.

839
00:45:56,680 --> 00:46:01,000
Speaker 1: In terms of news there, look down with Buck last

840
00:46:01,000 --> 00:46:04,919
Speaker 1: week in Miami, and went over to his place and

841
00:46:05,160 --> 00:46:08,680
Speaker 1: his awesome wife Carrie, and he you know what we did.

842
00:46:08,920 --> 00:46:11,680
Speaker 1: We had steaks. They came from Good Ranchers and they

843
00:46:11,719 --> 00:46:15,920
Speaker 1: were absolutely fantastic. I've talked about this. My wife does

844
00:46:15,960 --> 00:46:18,360
Speaker 1: a great job cooking steaks for the boys. The Travis

845
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846
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Speaker 1: If you've got young kids seventeen, fourteen, and ten, or

847
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Speaker 1: my three boys, they eat a lot of food and

848
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849
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850
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851
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852
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853
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854
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855
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856
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857
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858
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859
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861
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862
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863
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864
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865
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866
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867
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868
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869
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870
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875
00:48:00,360 --> 00:48:05,360
Speaker 9: Stories of freedom, stories of America, Inspirational stories that you

876
00:48:05,480 --> 00:48:08,759
Speaker 9: unite us all each day. Spend time with Clay and

877
00:48:09,560 --> 00:48:12,880
Speaker 9: find them on the free iHeartRadio app or wherever you

878
00:48:13,000 --> 00:48:14,080
Speaker 9: get your podcasts.

879
00:48:14,280 --> 00:48:17,920
Speaker 1: Welcome back in Clay, Travis Buck Sexton show. Appreciate all

880
00:48:17,960 --> 00:48:20,760
Speaker 1: of you hanging out with us. We are joined now

881
00:48:21,440 --> 00:48:27,760
Speaker 1: by a author, journalist, all round incredibly talented guy, Douglas

882
00:48:27,840 --> 00:48:31,520
Speaker 1: Murray new book on Democracies and death Cults, Israel and

883
00:48:31,600 --> 00:48:35,319
Speaker 1: the Future of Civilization. We appreciate you coming on. For

884
00:48:35,360 --> 00:48:37,480
Speaker 1: those of you watching on video, the book is up

885
00:48:37,520 --> 00:48:41,560
Speaker 1: beside me. Let's start right here. I got to go

886
00:48:41,560 --> 00:48:43,880
Speaker 1: to Israel in December for the first time ever. I

887
00:48:43,920 --> 00:48:46,719
Speaker 1: went to the kibbutz's on the border with Gaza. I

888
00:48:46,800 --> 00:48:49,640
Speaker 1: went all the way to the north in Lebanon. I

889
00:48:49,760 --> 00:48:52,160
Speaker 1: was blown away by the concept which I should have

890
00:48:52,239 --> 00:48:54,520
Speaker 1: understood before, but I didn't until I stood on the

891
00:48:54,520 --> 00:48:58,560
Speaker 1: ground that Israel really is the front line of Western civilization.

892
00:48:58,719 --> 00:49:01,759
Speaker 1: If it falls, then Eastern civilization is in trouble. I

893
00:49:01,800 --> 00:49:03,640
Speaker 1: know this is a big part of the book argument

894
00:49:03,719 --> 00:49:08,319
Speaker 1: you make, but do people really understand the stakes, the

895
00:49:08,360 --> 00:49:11,000
Speaker 1: consequences of what's going on in the Middle East, and

896
00:49:11,040 --> 00:49:13,680
Speaker 1: more alarmingly, the fact that a lot of people in

897
00:49:13,760 --> 00:49:17,040
Speaker 1: America and other Western civilizations have lost the ability to

898
00:49:17,080 --> 00:49:18,560
Speaker 1: distinguish between good and evil.

899
00:49:19,960 --> 00:49:24,240
Speaker 13: It's very good to be with you and your listeners again. Firstly,

900
00:49:24,600 --> 00:49:28,080
Speaker 13: the book is an attempted to describe the atrocities of

901
00:49:28,120 --> 00:49:31,160
Speaker 13: the seventh of October twenty twenty three, how they came,

902
00:49:31,200 --> 00:49:34,040
Speaker 13: about what happened. I've been there in the zone of

903
00:49:34,080 --> 00:49:36,400
Speaker 13: the conflict for most of the last year and a half,

904
00:49:37,080 --> 00:49:40,239
Speaker 13: and so it's a first hand account as well as

905
00:49:40,239 --> 00:49:43,160
Speaker 13: a tempt to write first draft of history about the

906
00:49:43,160 --> 00:49:46,640
Speaker 13: atrocities of that day. But the other thing that the

907
00:49:46,640 --> 00:49:49,719
Speaker 13: book is really about is a much bigger question. Is

908
00:49:49,760 --> 00:49:52,440
Speaker 13: the one, as you say, that affects us here in

909
00:49:52,480 --> 00:49:55,920
Speaker 13: America and the rest of the West, which is why

910
00:49:56,520 --> 00:50:02,200
Speaker 13: when a democracy and how I of ours was attacked

911
00:50:02,280 --> 00:50:06,359
Speaker 13: so brutally, the twelve hundred people massacred, two hundred and

912
00:50:06,360 --> 00:50:10,880
Speaker 13: fifties innocent civilians taken hostage, why did so many people

913
00:50:10,960 --> 00:50:14,960
Speaker 13: here in America side not with the democracy, but with

914
00:50:15,120 --> 00:50:19,560
Speaker 13: the deaf cult of Hamaz. And I come to not

915
00:50:19,719 --> 00:50:22,359
Speaker 13: just ask the question, but also I hope to try

916
00:50:22,400 --> 00:50:25,920
Speaker 13: to answer it. And one of the things that we've seen,

917
00:50:26,000 --> 00:50:28,720
Speaker 13: and I relate that I saw it straight away early

918
00:50:28,760 --> 00:50:31,200
Speaker 13: on on the eighth of October, as the massacre was

919
00:50:31,239 --> 00:50:34,400
Speaker 13: still going on in Times Square in New York, I

920
00:50:34,600 --> 00:50:40,440
Speaker 13: saw the demonstration of people supporting the terrorists supporting Hamaz.

921
00:50:40,880 --> 00:50:42,920
Speaker 13: In the year and a half since, we've seen this

922
00:50:43,280 --> 00:50:48,080
Speaker 13: disgusting outburst of hatred against the Jewish state and against

923
00:50:48,080 --> 00:50:52,080
Speaker 13: the Jewish people. Just two days ago at Princeton University,

924
00:50:52,200 --> 00:50:56,120
Speaker 13: Jewish students were screened at by other students telling them

925
00:50:56,160 --> 00:51:00,960
Speaker 13: to go home. The reason, in part, but as you know,

926
00:51:01,040 --> 00:51:04,080
Speaker 13: and you've covered so well on your show, is that

927
00:51:04,200 --> 00:51:08,160
Speaker 13: we have lived through an era in which America, the West,

928
00:51:08,480 --> 00:51:12,120
Speaker 13: all of our allies are seen as the bad guys

929
00:51:12,160 --> 00:51:16,200
Speaker 13: over and over again. And if I have a rule

930
00:51:16,239 --> 00:51:18,320
Speaker 13: that I've developed in the last fear and a half,

931
00:51:18,680 --> 00:51:21,720
Speaker 13: wherever I've gone in America, when I see an anti

932
00:51:21,880 --> 00:51:25,960
Speaker 13: Israel protest, I notice that they fly the Palestinian flag.

933
00:51:26,239 --> 00:51:29,719
Speaker 13: They may fly the flag of Hamas or Hezbolah one

934
00:51:29,760 --> 00:51:33,040
Speaker 13: of these other terrorist groups. They never fly the American flag.

935
00:51:33,320 --> 00:51:36,600
Speaker 13: In fact, when they find an American flag, they'll burn it.

936
00:51:37,040 --> 00:51:40,840
Speaker 13: Compare it with the pro Israel demonstrations that have happened.

937
00:51:41,000 --> 00:51:43,799
Speaker 13: They always have the flying of the Israeli flag and

938
00:51:43,840 --> 00:51:46,480
Speaker 13: the flying of the American flag, and the singing of

939
00:51:46,520 --> 00:51:50,000
Speaker 13: the Star Spangled banner and more. The people who have

940
00:51:50,160 --> 00:51:55,080
Speaker 13: been most vocal again Israel since the massacre are people

941
00:51:55,080 --> 00:51:59,080
Speaker 13: who have also told us that they hate Israel first,

942
00:51:59,560 --> 00:52:04,120
Speaker 13: but they hate America and the West most. And anyone

943
00:52:04,120 --> 00:52:07,400
Speaker 13: who thinks that that is some kind of hyperbole, just

944
00:52:07,520 --> 00:52:12,360
Speaker 13: consider that the student group of Colombia most supportive of

945
00:52:12,400 --> 00:52:17,200
Speaker 13: Hamad says in its founding statements that it seeks as

946
00:52:17,239 --> 00:52:23,160
Speaker 13: its aim the quote complete destruction of Western civilization, the

947
00:52:23,239 --> 00:52:28,359
Speaker 13: complete destruction of Western civilization. They see Israel as being

948
00:52:28,440 --> 00:52:33,040
Speaker 13: the nearest targets as Hamaz does, but not the last targets.

949
00:52:33,600 --> 00:52:37,280
Speaker 1: Why do you think young people, compared to older people

950
00:52:37,320 --> 00:52:41,400
Speaker 1: in the United States in particular, are so susceptible to

951
00:52:41,520 --> 00:52:45,319
Speaker 1: the argument that Israel is a force for evil and

952
00:52:45,360 --> 00:52:49,279
Speaker 1: that in some way the Palestinians or the larger Middle

953
00:52:49,320 --> 00:52:53,000
Speaker 1: Eastern community is a source of good, even in the

954
00:52:53,040 --> 00:52:57,000
Speaker 1: wake of October seventh. Why has that worked with so

955
00:52:57,040 --> 00:52:57,840
Speaker 1: many young people.

956
00:52:59,080 --> 00:53:02,160
Speaker 13: I believe that because they've been prepared for this moment

957
00:53:02,640 --> 00:53:06,200
Speaker 13: very carefully for years. I said in my last book,

958
00:53:06,280 --> 00:53:10,400
Speaker 13: The War on the West, that Americans, this generation of

959
00:53:10,440 --> 00:53:15,319
Speaker 13: Americans coming up, were being taught hatred of America and

960
00:53:15,400 --> 00:53:16,480
Speaker 13: hatred of the West.

961
00:53:16,920 --> 00:53:20,200
Speaker 14: We have seen in America the whole great history of

962
00:53:20,239 --> 00:53:25,960
Speaker 14: America rewritten. In recent years, students and others told that

963
00:53:26,000 --> 00:53:28,760
Speaker 14: to be an American is to be born into guilt,

964
00:53:29,120 --> 00:53:34,040
Speaker 14: to inherit the guilt of slavery, of white supremacy, of colonialism,

965
00:53:34,160 --> 00:53:38,000
Speaker 14: of genocide, and much more. Look at what the pro

966
00:53:38,239 --> 00:53:39,800
Speaker 14: Hamaz anti.

967
00:53:39,640 --> 00:53:44,840
Speaker 13: Israel demonstrators on American campuses accuse Israel off. They accused

968
00:53:44,840 --> 00:53:50,080
Speaker 13: of Israel completely falsely as falsely against America. They accuse

969
00:53:50,239 --> 00:53:56,280
Speaker 13: Israel today of genocide, of ethnic cleansing, of white supremacy,

970
00:53:56,680 --> 00:53:59,160
Speaker 13: and of all of the sins that they have been

971
00:53:59,239 --> 00:54:02,560
Speaker 13: told they solves are the Americans born in the twenty

972
00:54:02,560 --> 00:54:05,960
Speaker 13: first century are guilty of. This is what a psychologist

973
00:54:05,960 --> 00:54:10,399
Speaker 13: would call projection on a massive scale. Tell me what

974
00:54:10,480 --> 00:54:13,680
Speaker 13: you accuse the Jewish state of, and I'll tell you

975
00:54:13,760 --> 00:54:16,399
Speaker 13: what you've been taught that you are guilty of.

976
00:54:17,640 --> 00:54:18,839
Speaker 2: We're talking to Douglas Murray.

977
00:54:18,880 --> 00:54:23,120
Speaker 1: The book is on democracy and death, Cults, Israel, and

978
00:54:23,160 --> 00:54:28,040
Speaker 1: the future of civilization. What should happen? You know, we've

979
00:54:28,040 --> 00:54:30,400
Speaker 1: heard a lot from people in the Trump era talking

980
00:54:30,440 --> 00:54:34,279
Speaker 1: about the right and wrong side of history. If you

981
00:54:34,440 --> 00:54:38,080
Speaker 1: can see the massacre of Jews, the worst day since

982
00:54:38,160 --> 00:54:42,880
Speaker 1: the Holocaust on October seventh and not recognize what the

983
00:54:42,960 --> 00:54:45,960
Speaker 1: right and wrong side of history is. How do we

984
00:54:46,040 --> 00:54:49,239
Speaker 1: rectify that? What should people who are smart enough to

985
00:54:49,280 --> 00:54:51,719
Speaker 1: know better be doing well.

986
00:54:51,880 --> 00:54:56,040
Speaker 13: I believe that young people in the West, not just

987
00:54:56,120 --> 00:54:58,880
Speaker 13: America but principally America, but also I've seen this in

988
00:54:58,880 --> 00:55:01,320
Speaker 13: the last few and a half Autralia and Canada and

989
00:55:01,400 --> 00:55:06,280
Speaker 13: Britain and elsewhere. They've been taught into this Western self

990
00:55:06,320 --> 00:55:11,279
Speaker 13: hatred and hatred. Now that's been taught. Older generations of

991
00:55:11,320 --> 00:55:15,759
Speaker 13: Americans do not hate America because they weren't taught to

992
00:55:15,800 --> 00:55:21,040
Speaker 13: hate America. Older generations of Americans don't hate other democracies

993
00:55:21,360 --> 00:55:25,440
Speaker 13: because they weren't taught to hate other democracies. Part of

994
00:55:25,480 --> 00:55:27,680
Speaker 13: this generation, not all of them. There are some great

995
00:55:27,719 --> 00:55:31,239
Speaker 13: young people coming up, but part of this generation has

996
00:55:31,360 --> 00:55:34,879
Speaker 13: been taught this hatred. I believe that it is going

997
00:55:34,920 --> 00:55:38,640
Speaker 13: to require a generation to teach them out of it.

998
00:55:40,000 --> 00:55:42,240
Speaker 2: I think that's well said. We're talking to Douglas Murray.

999
00:55:42,280 --> 00:55:44,120
Speaker 1: The book I encourage you to all to go check

1000
00:55:44,120 --> 00:55:47,280
Speaker 1: it out is on Democracies and death cults.

1001
00:55:47,280 --> 00:55:48,240
Speaker 2: It's out right now.

1002
00:55:49,960 --> 00:55:53,719
Speaker 1: You mentioned younger generations and the need to teach them

1003
00:55:54,040 --> 00:55:58,040
Speaker 1: about what actually has taken place. How much of this

1004
00:55:58,400 --> 00:56:02,000
Speaker 1: is the perverse idea that you built on here that

1005
00:56:02,040 --> 00:56:05,640
Speaker 1: white people are to blame for everything, and that Jewish

1006
00:56:05,640 --> 00:56:09,200
Speaker 1: people are just seen as white and therefore in the

1007
00:56:09,320 --> 00:56:14,040
Speaker 1: left wing anti American and anti Western perspective, there is

1008
00:56:14,160 --> 00:56:17,680
Speaker 1: no ability to grapple with the idea that someone who

1009
00:56:17,760 --> 00:56:20,919
Speaker 1: is of lighter skin could actually be a victim here.

1010
00:56:20,960 --> 00:56:23,759
Speaker 1: I mean, I think is partly a function of just

1011
00:56:23,800 --> 00:56:25,440
Speaker 1: the broken worldview at play.

1012
00:56:26,760 --> 00:56:31,240
Speaker 13: I think you're completely right. The thing that this generation

1013
00:56:31,360 --> 00:56:34,280
Speaker 13: has been taught, the thing that has been across our media,

1014
00:56:34,320 --> 00:56:38,080
Speaker 13: whether it's a New York Times sixty nineteen project, whether

1015
00:56:38,160 --> 00:56:42,560
Speaker 13: it's radical Democrats talking about white guilt and all of

1016
00:56:42,600 --> 00:56:46,120
Speaker 13: this sort of thing, always the Jews are going to

1017
00:56:46,160 --> 00:56:50,080
Speaker 13: become a victim of this. And sure enough, the people

1018
00:56:50,080 --> 00:56:53,960
Speaker 13: who believe that they're against racism are accusing.

1019
00:56:54,040 --> 00:56:54,320
Speaker 5: Again.

1020
00:56:54,360 --> 00:56:56,520
Speaker 13: It goes back to this thing. It's a mirror of

1021
00:56:56,560 --> 00:57:00,680
Speaker 13: their own sins, as they've been told them ways they

1022
00:57:00,719 --> 00:57:03,279
Speaker 13: accuse Israel of white supremacy.

1023
00:57:03,400 --> 00:57:06,200
Speaker 5: I mean, you've been there, yeah, like me.

1024
00:57:06,719 --> 00:57:10,719
Speaker 13: It's one of the most ethnically racially diverse countries on

1025
00:57:10,760 --> 00:57:16,800
Speaker 13: the planet. One third of people in Israel of European

1026
00:57:17,120 --> 00:57:21,680
Speaker 13: descent one third. The other two thirds are Middle Eastern.

1027
00:57:22,360 --> 00:57:25,800
Speaker 13: They are from countries across the region historically who were

1028
00:57:25,840 --> 00:57:31,680
Speaker 13: chased out of those countries Iraqi Jews, Persian Jews, Assyrian Jews,

1029
00:57:31,720 --> 00:57:37,040
Speaker 13: and many others North African Jews. To see white college

1030
00:57:37,120 --> 00:57:43,640
Speaker 13: campus kids in America accusing black Jewish Israelis of white

1031
00:57:43,720 --> 00:57:46,840
Speaker 13: supremacy is even by the standards of our time and

1032
00:57:46,880 --> 00:57:52,160
Speaker 13: even with our probably wearied ability ability to be shocked,

1033
00:57:52,560 --> 00:57:58,560
Speaker 13: absolutely shocking and shocking, not least just for its sheer ignorance.

1034
00:57:58,840 --> 00:58:02,400
Speaker 1: When you look Douglas Murray, the author of On Democracies

1035
00:58:02,440 --> 00:58:04,880
Speaker 1: and Death Cults, encourage you to go read the book

1036
00:58:05,480 --> 00:58:08,320
Speaker 1: what you just said, the you know, white American college

1037
00:58:08,400 --> 00:58:12,320
Speaker 1: kids coming after this. When I went to Israel, the

1038
00:58:12,360 --> 00:58:15,840
Speaker 1: other thing that stood out was Trump being called Hitler

1039
00:58:16,280 --> 00:58:20,160
Speaker 1: when Israel, if it could vote in the American presidential election,

1040
00:58:20,480 --> 00:58:25,000
Speaker 1: would have voted like Wyoming did or like West Virginia did.

1041
00:58:25,080 --> 00:58:29,040
Speaker 1: That is basically seventy thirty pro Trump as someone who

1042
00:58:29,080 --> 00:58:33,000
Speaker 1: doesn't live in America. And when you hear that argument,

1043
00:58:33,240 --> 00:58:37,680
Speaker 1: how outrageous and outlandish is that analogy for our current

1044
00:58:37,800 --> 00:58:40,400
Speaker 1: president when it comes to his relationship with Israel.

1045
00:58:41,440 --> 00:58:43,680
Speaker 13: Well, just one quick thing, I actually do live in

1046
00:58:43,720 --> 00:58:47,280
Speaker 13: America when I'm not living in various war zones. I

1047
00:58:47,400 --> 00:58:50,480
Speaker 13: hotfooted it from my native Britain some years ago for

1048
00:58:50,640 --> 00:58:53,080
Speaker 13: very good reasons, and I'd like to think I'm one

1049
00:58:53,080 --> 00:58:55,640
Speaker 13: of the better American importance of research.

1050
00:58:56,960 --> 00:58:58,800
Speaker 2: We'll accept you, yes, thank you.

1051
00:58:59,640 --> 00:59:03,800
Speaker 13: Not to say but you know, because I love this country.

1052
00:59:03,840 --> 00:59:06,080
Speaker 13: I love America, I love the founding Fathers, I love

1053
00:59:06,120 --> 00:59:10,520
Speaker 13: American history, and I love American people. So it grieves

1054
00:59:10,560 --> 00:59:16,000
Speaker 13: me enormously to see some of the wild, wild hatred

1055
00:59:16,560 --> 00:59:19,600
Speaker 13: and wild claims that people have been encouraged into in

1056
00:59:19,640 --> 00:59:25,840
Speaker 13: recent years. Many people have been persuaded that basically, you know,

1057
00:59:26,040 --> 00:59:29,760
Speaker 13: all of the history is just the nineteen thirties and forties.

1058
00:59:30,080 --> 00:59:33,720
Speaker 13: They only know one bad person in history, and that's Hitler,

1059
00:59:34,000 --> 00:59:38,480
Speaker 13: and their aim is to be anti Hitler, which is like, wow, guys,

1060
00:59:39,240 --> 00:59:42,000
Speaker 13: that was a very brave and important thing to be

1061
00:59:42,080 --> 00:59:43,320
Speaker 13: in the nineteen thirty and.

1062
00:59:43,360 --> 00:59:45,880
Speaker 1: Forties, by the way, when many of the people were

1063
00:59:45,920 --> 00:59:48,840
Speaker 1: not actually anti Hitler, when it would have been helpful, right.

1064
00:59:49,200 --> 00:59:52,040
Speaker 13: Exactly, It would have really helped if there'd been more

1065
00:59:52,040 --> 00:59:54,360
Speaker 13: anti Hitler people in those days. But history is a

1066
00:59:54,440 --> 00:59:57,120
Speaker 13: bit more complicated when you're going through it, and we

1067
00:59:57,160 --> 00:59:59,600
Speaker 13: are going through it now. One of the things that

1068
00:59:59,640 --> 01:00:02,360
Speaker 13: we've se in the last eighteen months is how many

1069
01:00:02,440 --> 01:00:07,760
Speaker 13: people who regard themselves as being anti racists are in

1070
01:00:07,840 --> 01:00:11,920
Speaker 13: fact the racists. How many people who think they're anti

1071
01:00:12,040 --> 01:00:17,680
Speaker 13: Nazi are literally siding with a Nazi movement Hanaz. How

1072
01:00:17,720 --> 01:00:20,200
Speaker 13: many people who think they would have been on the

1073
01:00:20,280 --> 01:00:23,360
Speaker 13: right side in the nineteen thirties and the nineteen forties

1074
01:00:23,560 --> 01:00:26,440
Speaker 13: are on the side of an anti Semitic and anti

1075
01:00:26,480 --> 01:00:30,200
Speaker 13: Western Deaf cult today. The people who told us for

1076
01:00:30,320 --> 01:00:34,160
Speaker 13: ten years to believe all women are the people who

1077
01:00:34,200 --> 01:00:38,000
Speaker 13: don't believe Israeli women who were raped on the seventh

1078
01:00:38,040 --> 01:00:42,440
Speaker 13: of October. This tells us nothing about the Jewish state

1079
01:00:42,680 --> 01:00:46,280
Speaker 13: or the Jewish people. It tells us everything about the

1080
01:00:46,840 --> 01:00:50,640
Speaker 13: people who have been lecturing us for years now, and

1081
01:00:50,680 --> 01:00:52,120
Speaker 13: how wicked they can be.

1082
01:00:52,680 --> 01:00:55,200
Speaker 1: Douglas Murray, last question for you. You hit on something

1083
01:00:55,200 --> 01:00:57,920
Speaker 1: that I think is hugely important we have in a

1084
01:00:58,200 --> 01:01:03,120
Speaker 1: historically illiterate country. Your point is, yes, basically, the only

1085
01:01:03,280 --> 01:01:06,080
Speaker 1: historical analogy many people seem to be able to make

1086
01:01:06,320 --> 01:01:09,600
Speaker 1: is too Hitler and too World War two how much

1087
01:01:09,640 --> 01:01:12,960
Speaker 1: of all of this is rooted in America, but also

1088
01:01:13,120 --> 01:01:17,760
Speaker 1: Western civilization in general, not having educated its people in

1089
01:01:17,840 --> 01:01:21,200
Speaker 1: terms of real history and having much of a depth

1090
01:01:21,240 --> 01:01:23,000
Speaker 1: of knowledge at all.

1091
01:01:23,160 --> 01:01:26,040
Speaker 13: Well, I'll tell you it's obviously. The ignorance of history

1092
01:01:26,080 --> 01:01:29,400
Speaker 13: is profound everywhere, not just in America. Across the West,

1093
01:01:29,760 --> 01:01:33,560
Speaker 13: young British and Canadian school children and college students are

1094
01:01:33,600 --> 01:01:36,960
Speaker 13: also being taught versions of the same rot. One of

1095
01:01:36,960 --> 01:01:39,360
Speaker 13: the things I finished this book on, though, is to say,

1096
01:01:39,800 --> 01:01:44,280
Speaker 13: why not regard this as I do, as a civilizational

1097
01:01:44,360 --> 01:01:48,240
Speaker 13: moment and a civilizational test. We all weigh ourselves up

1098
01:01:48,280 --> 01:01:51,120
Speaker 13: against the greatest generation of World War II, and we

1099
01:01:51,200 --> 01:01:54,600
Speaker 13: should we ask ourselves, would we do what our forefathers

1100
01:01:54,640 --> 01:01:57,000
Speaker 13: were able to do when the time of trial came.

1101
01:01:57,920 --> 01:02:00,560
Speaker 13: You can take the route, if you're a young American

1102
01:02:00,840 --> 01:02:04,760
Speaker 13: of being led into the grievance culture, the victimhood culture

1103
01:02:04,840 --> 01:02:07,840
Speaker 13: that you and I have spoken about for years and

1104
01:02:07,880 --> 01:02:11,920
Speaker 13: that we hate. But you can also choose another route,

1105
01:02:12,040 --> 01:02:14,240
Speaker 13: and it's the route that the young men and women

1106
01:02:14,280 --> 01:02:16,720
Speaker 13: of Israel who I had the honor to be with

1107
01:02:17,240 --> 01:02:20,640
Speaker 13: in Gaza, in Lebanon, in Israel in the last eighteen months.

1108
01:02:20,680 --> 01:02:23,479
Speaker 13: It's the route they have chosen, which is the root

1109
01:02:23,640 --> 01:02:28,840
Speaker 13: of heroism. Protecting your people, protecting your faith, protecting your family,

1110
01:02:28,920 --> 01:02:32,120
Speaker 13: protecting your way of life, and knowing that your way

1111
01:02:32,160 --> 01:02:35,320
Speaker 13: of life will only continue if you're willing to fight

1112
01:02:35,400 --> 01:02:38,480
Speaker 13: for it. I'd like to see Americans learn from the

1113
01:02:38,600 --> 01:02:42,040
Speaker 13: Israeli youth on this, because if they do, we have

1114
01:02:42,080 --> 01:02:43,200
Speaker 13: a bright future too.

1115
01:02:43,520 --> 01:02:47,360
Speaker 1: Well said the book on Democracies and Death called Douglas

1116
01:02:47,440 --> 01:02:49,760
Speaker 1: Murray good luck on the trail, and I hope you

1117
01:02:49,760 --> 01:02:51,440
Speaker 1: sell a lot of books. I know this audience will

1118
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Speaker 1: be very receptive to your book and the argument you're making.

1119
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Speaker 2: Thanks for everything you're doing.

1120
01:02:56,040 --> 01:02:57,720
Speaker 13: It's great to be with you. Thank you.

1121
01:02:58,160 --> 01:03:01,640
Speaker 1: That is Douglas Murray look much less serious. I hope

1122
01:03:01,680 --> 01:03:05,120
Speaker 1: you guys enjoyed that super smart guy. Obviously historical a

1123
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Speaker 1: literacy is a big part of the challenge that we

1124
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Speaker 1: face in this country, but much less serious. I bet

1125
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Speaker 1: a lot of you are paying attention to the Masters

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Speaker 1: down in Augusta, Georgia, where I know we have a

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Speaker 1: huge audience right now Thursday at the Masters Underway and

1128
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Speaker 9: get your podcasts.