Speaker 1: Welcome in Clay Travis, Buck Sexton Show. Appreciate all of
Speaker 1: you hanging out with us as we were rolling in
Speaker 1: on a Thursday edition of the program. All Right, we
Speaker 1: got a lot of breaking news, many of you wondering,
Speaker 1: and we are still waiting for the biggest breaking news
Speaker 1: on the show, which is Buck and Carrie Sexton and
Speaker 1: the baby update. Last night they said, hey, actually we
Speaker 1: don't want you coming in tonight to deliver the baby.
Speaker 2: They have gone in today.
Speaker 1: Texting with Buck last night, I'm trying to stay out
Speaker 1: of the line of fire here because I know, having
Speaker 1: been through three deliveries, it's a little bit crazy. We
Speaker 1: will update you as news arrives. But I told Buck
Speaker 1: last night when they got the pass, like, hey, you
Speaker 1: might as well watch Gladiator tonight. You don't have to
Speaker 1: go in for the I'm sure Carrie couldn't be any
Speaker 1: more excited. She's got another night at home nine pregnant.
Speaker 1: You guys should definitely crank up Gladiator. Maybe maybe Brave Heart,
Speaker 1: maybe you can double down. So we will update you
Speaker 1: on Baby Watch twenty twenty five as we get updates here.
Speaker 1: But the result is I am with you solo at
Speaker 1: least for today and tomorrow. Don't know how long Buck
Speaker 1: will stay out with the baby coming, But that is
Speaker 1: that update.
Speaker 2: All right.
Speaker 1: A lot of different news stories going on right now.
Speaker 1: Let me hit you with the absolute latest. Positive. Inflation
Speaker 1: is softening. It has hit the lowest rate two point
Speaker 1: four percent since COVID. Basically it has actually turned negative,
Speaker 1: which is very positive. We will break all that down.
Speaker 1: That is this morning's news. A budget resolution has passed
Speaker 1: the House, which will allow us to theoretically get one
Speaker 1: big beautiful bill from the from the House and the Senate.
Speaker 1: They will now move into reconciliation. It passed two sixteen
Speaker 1: to fourteen after it was held over last night, and
Speaker 1: so we are going to get the tax cut. All
Speaker 1: of that. The details need to be hammered out. That
Speaker 1: is on its way. Also, we have further an addition
Speaker 1: of the tariffs coming down on China. One hundred and
Speaker 1: forty five percent is now the tariff level that Trump
Speaker 1: has put on too China. Yesterday, the stock market had
Speaker 1: an absolute record day after a ninety day pause was
Speaker 1: put into place on the tariffs for every other country.
Speaker 1: But Trump now continues to escalate the China trade war.
Speaker 1: He has isolated China, and the tariff is now up
Speaker 1: to one hundred and forty five percent onto China. Stocks
Speaker 1: have begun to backtrack as Trump is saying that China
Speaker 1: is the worst trade abuser in history. So all of
Speaker 1: that is underway, many different aspects of breaking news associated
Speaker 1: with it, and so all of those right now underway again.
Speaker 1: Stock market has turned negative. It has been a absolute
Speaker 1: roller coaster for everybody paying attention to the trade. Yesterday
Speaker 1: was the best day that we have seen percentage wise
Speaker 1: nearly in the history of the stock market. But as
Speaker 1: I am talking to you right now, to the extent
Speaker 1: that I am now also a financial news analyst, the
Speaker 1: S and P five hundred down about four and a
Speaker 1: half percent after raising rising itself nearly ten percent yesterday.
Speaker 1: So all of that going on right now, we do
Speaker 1: have we have some audio clips to put into context.
Speaker 1: Let me put that all into context for you. First
Speaker 1: cut one, this was Stuart Varney saying inflation softening. It's
Speaker 1: now at two point four percent. That is lower than
Speaker 1: the expected rate.
Speaker 3: Let's take a big, deep breath. There's a whirl wind
Speaker 3: coming at you and your money. We'll start with inflation.
Speaker 3: Last month, consumer prices went down zero point one percent
Speaker 3: in the last year, they're up only two point four percent.
Speaker 3: Those are favorable numbers. Inflation is softening.
Speaker 1: Okay, So inflation softening, hitting a four year low.
Speaker 2: Uh.
Speaker 1: And also this was CNN pointing out as you heard
Speaker 1: Stuart Varney say, there, actually prices have actually gone down.
Speaker 1: This is cut twenty four, which is an updated version
Speaker 1: of what CNN is saying.
Speaker 2: Listen to this.
Speaker 4: Consumer prices month over month. So this was actually a
Speaker 4: drop of point one percent, negative point one percent.
Speaker 5: That's the first time we've seen.
Speaker 2: That since COVID.
Speaker 4: Year over year, the annual inflation rate was at two
Speaker 4: point four percent. This was also better than expected and
Speaker 4: a six month low, moving in the right direction. As
Speaker 4: far as why this happened, there's a few drivers. One
Speaker 4: thing that really played a role here, as you can
Speaker 4: see the trend here at the inflation rate dipping a
Speaker 4: little bit.
Speaker 5: One of the drivers was energy.
Speaker 4: The fact that gasoline prices did not move up like
Speaker 4: they usually do in the month of March.
Speaker 5: That really helped.
Speaker 1: Okay, so that is the updated inflation numbers. Why does
Speaker 1: this matter, Well, certainly, inflation got to nine percent under
Speaker 1: Joe Biden. Remember it started off at one point eight
Speaker 1: percent when he came into office in January of twenty
Speaker 1: twenty one, rapidly skyrocketed to nine percent, and we have
Speaker 1: been fighting the inflation battle since to bring it all
Speaker 1: the way back down to now two point four percent.
Speaker 1: Trump is arguing, and I think there is some base
Speaker 1: in truth for this, that the overall interest rates set
Speaker 1: by the Fed need to be dropped as well. Obviously,
Speaker 1: that is why we're dealing with seven percent still ish
Speaker 1: thirty year mortgage rates that many of you have got
Speaker 1: in your lives that have locked you up and are
Speaker 1: keeping you from moving into a new house or maybe
Speaker 1: even putting your house on the market because you don't
Speaker 1: want to give up the number that you got. Okay,
Speaker 1: all of this is complicated. Let's go back into the
Speaker 1: tariff universe. Here Trump was asked about why he decided
Speaker 1: to put a ninety day pause in place. This is
Speaker 1: something that we told you on the show. We thought
Speaker 1: made a lot of sense. And Trump is saying, hey,
Speaker 1: we are rewarding the countries that have not retaliated with
Speaker 1: higher rates of tariffs. And here is Trump cut four
Speaker 1: speaking to the press, saying he was watching the bond
Speaker 1: market and he was concerned about how the bond mark
Speaker 1: market was moving.
Speaker 2: Listen to cut four.
Speaker 6: I was watching the bond market. That bond market is
Speaker 6: very tricky. I was watching it. But if you look
Speaker 6: at it now, it's beautiful. The bond market right now
Speaker 6: is beautiful. But yeah, I saw it last night where
Speaker 6: people are getting a little queasy.
Speaker 7: I think everything had well.
Speaker 5: The big move wasn't what I did today.
Speaker 6: The big move was what I did on Liberation Day.
Speaker 6: We had Liberation Day in America, were liberated from all
Speaker 6: of the horrible deals.
Speaker 5: That were made.
Speaker 1: Okay, so that is Trump. Here's Trump as well. He
Speaker 1: is asked, well, let's first see Trump has asked why
Speaker 1: Democrats wanted tariffs in the past. If you've seen Nancy Pelosi,
Speaker 1: if you've seen all of these other Democrats, Chuck Schumer
Speaker 1: talk about the necessity for tariffs. Here is cut six.
Speaker 1: Trump is praising a reporter who asked why Democrats wanted
Speaker 1: tariffs back then.
Speaker 2: Now they hate them Duck Humor and Nancy Pelosi. They've
Speaker 2: been talking about tariffs for decades.
Speaker 8: How come when these Democrat elifs want tariffs, everything's hunky jory.
Speaker 8: But when President Trump wants tariffs all help breaks the
Speaker 8: Do you see this double standard?
Speaker 6: I love this guy, whoever the hell that is. That's
Speaker 6: really I appreciate that question. No, Chuck, chumor Nancy, everybody
Speaker 6: knew you how to do it, but they never had
Speaker 6: the guts to do it. It does take guts. It
Speaker 6: even takes guts for our country to go through it.
Speaker 6: That's why I say, be cool. They would taking about
Speaker 6: just be cool. It's gonna work out. It's gonna work out,
Speaker 6: and it's it's working out. I can tell you working out,
Speaker 6: maybe faster than I thought. But I said, it's you know,
Speaker 6: it's gonna take a little conditioning. It's a transition to
Speaker 6: it's really I think it's a transition to greatness. It's
Speaker 6: gonna be greatness. Our country is going to be there'll
Speaker 6: be nothing like it, and people investing in our country
Speaker 6: they're going to do better than they've ever done before.
Speaker 1: Okay, so let's talk about where we are right now. Effectively,
Speaker 1: Trump has isolated China. The terif rate on China, as
Speaker 1: I said, has now been elevated to one hundred and
Speaker 1: forty five percent. Every other country out there effectively is
Speaker 1: in a tariff pause. They are negotiating. I think you
Speaker 1: will see in the near future Trump start to announce
Speaker 1: trade agreements with England, with Japan, with South Korea, Australia,
Speaker 1: countries that we have strong relationships with. I don't think
Speaker 1: it will take very long for those new deals to
Speaker 1: go into place. In the meantime, what he has now
Speaker 1: done is effectively announce hey, this is the United States
Speaker 1: versus China. And he has isolated China so that they
Speaker 1: are standing alone in terms of how this battle is
Speaker 1: playing out. And he has elevated tariffs to now one
Speaker 1: hundred and forty five percent on Chinese goods. This handcuffs
Speaker 1: China in a substantial degree because China relies on exports
Speaker 1: to the United States for a massive part of its
Speaker 1: overall economic growth, and if China is not able to
Speaker 1: move those exports to the United States, I believe Trump
Speaker 1: is right here that China is going to have to
Speaker 1: sue for peace, and we will get at some form
Speaker 1: or fashion. In theory, a trade agreement that is fair
Speaker 1: for America helps to protect American jobs and helps to
Speaker 1: allow American business to more fairly compete with China. What
Speaker 1: Trump has smartly done is he has recognized now that
Speaker 1: every other country is coming to the table and that
Speaker 1: we now are going to be in a position to
Speaker 1: negotiate better deals there too as well. And here's what
Speaker 1: I would also just continue to tell all of you.
Speaker 1: I'm going to give you stock market updates here and there.
Speaker 1: I understand this is not CNBC, this is not Fox Business.
Speaker 1: But what I would encourage all of you to do
Speaker 1: is recognize you don't buy and sell stocks, or at
Speaker 1: least most of you should not on a day to
Speaker 1: day basis. You shouldn't make emotional decisions when it comes
Speaker 1: to your investments. And the analogy that I have made
Speaker 1: that I think is a really good one is your house.
Speaker 1: If you are fortunate enough to own a home, your
Speaker 1: home has a fluctuating value. Any given day, it can
Speaker 1: be up or down depending on whether someone is interested
Speaker 1: in buying your house or not. You don't day trade
Speaker 1: homes because you know that the home is the foundation.
Speaker 1: You're not only owning an asset, it's also where your
Speaker 1: family lives. It's where you put your head down at night.
Speaker 1: You're not typically going to be selling your home and
Speaker 1: worried about the cost on a day to day basis,
Speaker 1: week to week basis, even month to month basis in
Speaker 1: an ideal scenario, there are substantial costs associated with selling homes.
Speaker 1: As a result, most people, the best investment they ever
Speaker 1: make is buying a home, living in that home, and
Speaker 1: being able one day to profit on the increased value
Speaker 1: of that home. If you treat your stocks like you
Speaker 1: treat your home, then you are going to be in
Speaker 1: a far better position. And I'm not telling you to
Speaker 1: do something different. Then what I do. I buy s
Speaker 1: and P five hundred index funds. I put them in
Speaker 1: basically my bank accounts, my investment accounts, and I don't
Speaker 1: really touch them. And over time, you are going to
Speaker 1: make eight or nine percent a year on that, and
Speaker 1: every ten years your money's gonna double. If you do that,
Speaker 1: you are betting on American growth and the exceptionalism and
Speaker 1: the capitalistic dynamism of the entire United States, and you
Speaker 1: don't have to worry about day to day market fluctuations
Speaker 1: in price. That's what I would encourage you to do,
Speaker 1: because emotion often leads you to make poor choices, and
Speaker 1: if you make poor choices, then ultimately you and your
Speaker 1: family end up bearing the brunt of those poor choices.
Speaker 1: What do I mean by poor choices, I mean, by
Speaker 1: and large, what often happens is people sell at the
Speaker 1: absolute bottom of the market and they buy at the
Speaker 1: absolute top of the market. If you just keep your assets.
Speaker 1: And by the way, people say, oh, Clay, you've got more.
Speaker 1: So what I'm doing the same thing now as I
Speaker 1: did a decade ago when I had a negative net worth,
Speaker 1: when I still had a lot of school loans that
Speaker 1: I was paying off. It doesn't matter whether you have
Speaker 1: five hundred dollars to invest or five hundred million dollars
Speaker 1: to invest. What I would be telling you is the
Speaker 1: exact same advice. We'll take your calls. We've got a
Speaker 1: couple of great guests coming your way, Steven Moore. We're
Speaker 1: trying to get economic experts on the program. Yesterday we
Speaker 1: had doctor Art Laugher of the Laugher Curve, one of
Speaker 1: the foremost American economists in the entire country, come on
Speaker 1: and talk to all of you today. Steven Moore, one
Speaker 1: of Trump's top economic advisors, will be with us. Historically,
Speaker 1: Stephen Moore has been at one thirty one of the
Speaker 1: smartest guys on the right in all of the world.
Speaker 1: Douglas Murray is going to be on to talk about
Speaker 1: his brand new book, and those are two guests that
Speaker 1: are coming during the course of the day. And as
Speaker 1: I said, we will continue to update you on Buck
Speaker 1: and carry Sexton baby watch if there is more news
Speaker 1: to share with you there. But in the meantime, I've
Speaker 1: got you. I'll have you today and tomorrow. At a minimum.
Speaker 1: We'll see when Buck comes back as a new dad.
Speaker 1: But we appreciate all of you hanging out with us
Speaker 1: in what is a dynamic and rapidly evolving media environment
Speaker 1: with so much news going on. Again, biggest news story
Speaker 1: I would say right now is that the budget resolution
Speaker 1: has passed the House, which is going to allow the
Speaker 1: big beautiful bill that Trump favors to actually become law,
Speaker 1: and that is going to preserve the tax cuts among
Speaker 1: other things. As that continues to play itself out, but
Speaker 1: I want to tell you, everybody's got a fire extinguish
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Speaker 9: Making America great again isn't just one man, It's many.
Speaker 9: The Team forty seven podcast Sunday's at noon Eastern in
Speaker 9: the Clay and.
Speaker 2: Buck podcast feed.
Speaker 9: Find it on the iHeartRadio app or wherever you get
Speaker 9: your podcasts.
Speaker 1: Welcome back in Clay Travis Buck Sexton Show. Appreciate all
Speaker 1: of you hanging out with us. Stock market stores Yesterday
Speaker 1: one of the best days in the history of the markets,
Speaker 1: and the ladies on the View, not surprisingly, had a
Speaker 1: series of inordinately stupid opinions, even by the standard of
Speaker 1: inordinate stupidity for which that show is widely known.
Speaker 2: Sonny Hostin's says Trump actually.
Speaker 1: Was engaging engaging in insider trading.
Speaker 2: Here is cut twelve.
Speaker 8: Trump tweeted out before this little pause.
Speaker 2: He said, this is a great.
Speaker 8: Time to buy, and that's really a whistle to those
Speaker 8: billionaires that can or people that have money that can
Speaker 8: buy low and then the stock market prices go up.
Speaker 8: That's generally called insider trading, and that would ordinarily trigger
Speaker 8: an investigation by the Securities and Exchange Commission. We know
Speaker 8: now that that's not probably going to happen because all
Speaker 8: of these government agencies have been destroyed and dismantled. But
Speaker 8: someone with knowledge of an economic policy change that would
Speaker 8: cause the markets to shoot back up right before posting
Speaker 8: about how great a time it is to buy right
Speaker 8: before the policy change happened, would certainly be guilty of
Speaker 8: insider trading.
Speaker 1: I mean, first of all, he's the president of the
Speaker 1: United States. Everything that he says moves markets. Secondly, you
Speaker 1: have to prove, and we probably have a bunch of
Speaker 1: insider trading experts, you have to prove that someone benefited
Speaker 1: in some way from insider trading. In other words, my
Speaker 1: understanding is the president, unlike Hunter Biden, actually has frozen
Speaker 1: all of his assets for some time. One of the
Speaker 1: ways that presidents handle these sorts of situations is, by
Speaker 1: and large they say, hey, I'm not managing my stocks
Speaker 1: on a day to day basis. They're outside of my control.
Speaker 1: They invest in index funds. I mean, it's absolutely bonkers,
Speaker 1: But yes, Sunny Austin, if it could be proven that
Speaker 1: Trump was given kickbacks in order to change the to
Speaker 1: give the ninety day pause on tariffs, then yes, you're right.
Speaker 1: This is drastic insider trading, but crazily sunny Houstin is
Speaker 1: not even the dumbest person on the View the Views,
Speaker 1: Joy Behar says that Trump is intentionally tanking the economy
Speaker 1: for his billionaire buddies so that he can make himself
Speaker 1: a dictator. This is her theory. This is what you're
Speaker 1: listening to. And you might say, okay, well, why does
Speaker 1: this matter? There are millions of people that are listening
Speaker 1: to this show on a daily basis. Here is cut thirteen,
Speaker 1: Joy Behar with her theory about what's going on.
Speaker 7: He's trying to destroy the country. Now why is he
Speaker 7: doing that? So there's a couple of theories. First of all,
Speaker 7: if he tanks the entire stock market, not all his
Speaker 7: billionaire friends can swoop in and buy everything. Look, that's
Speaker 7: not an original idea. That's Hawkim Jeffrey said that, and
Speaker 7: in fact, today on Truth Social Trump wrote a great
Speaker 7: time to buy hmm.
Speaker 1: There.
Speaker 7: The theory is from James Carville, which I think is
Speaker 7: interesting that he wants to stoke such instability and chaos
Speaker 7: to consolidate power for himself so that people start to
Speaker 7: really go nutspeak, starting to get mad. How mad will
Speaker 7: people get and how broke will people get and how
Speaker 7: many jobs will they lost? And then he can say, well,
Speaker 7: there's too much chaos and now we're going to have
Speaker 7: martial law in this country and he becomes a dictator.
Speaker 1: Okay, this is bonkers. First of all, Trump has been
Speaker 1: saying it's a great time to buy in America for
Speaker 1: a long time. He's a pro American leader. But the
Speaker 1: billionaire buddies thing doesn't even make sense. Okay, do you
Speaker 1: know where most billionaires have their assets?
Speaker 2: The stock market?
Speaker 1: Whatever losses are occurring on paper are drastically higher for
Speaker 1: billionaires than they are for people who are not billionaires.
Speaker 1: It doesn't make sense that Trump would allow his billionaire
Speaker 1: buddies to make way more money by driving down the
Speaker 1: prices of their assets. It again, these are crazy town talks,
Speaker 1: and that James Carvel says, Hey, what they're trying to
Speaker 1: do is actually create dictator opportunities for Trump. Again, this
Speaker 1: is crazy town talk. And I've said this before, but
Speaker 1: I do think it bears repeating. If Trump truly wanted
Speaker 1: to be a dictator, Let's pretend that he called me
Speaker 1: and he said, Clay, what should I do to become
Speaker 1: a dictator? The time when Trump had the most dictatorial
Speaker 1: powers basically of any president in our lives except for
Speaker 1: George W. Bush right after nine to eleven. Do you
Speaker 1: know what it was when COVID happened. Do you know
Speaker 1: what Trump did? He allowed governors to make decisions in
Speaker 1: their states, and he allowed individual mayors to make decisions
Speaker 1: in their cities. If anything, if you were going to
Speaker 1: criticize Trump, it would actually be for during COVID not
Speaker 1: taking more executive authority and giving too much power back
Speaker 1: to the states, because the governors of California and New York,
Speaker 1: for instance, made disastrous decisions for most of their citizens
Speaker 1: because Trump deferred to the principles of federalism. Do you
Speaker 1: know who then took over massive amounts of power and
Speaker 1: tried to regulate you to the ends of the earth.
Speaker 1: Joe Biden when he said if you didn't get the
Speaker 1: COVID shot that you could be fired from your jobs.
Speaker 1: Do y'all remember that, I bet most of you do.
Speaker 1: The only reason that didn't become law was because the
Speaker 1: Supreme Court said that Joe Biden didn't have the power
Speaker 1: to do it. Biden is the one who actually took
Speaker 1: advantage of COVID to implement dictatorial powers. You remember, we're
Speaker 1: going to have a winter of death. Remember when Joe
Speaker 1: Biden said his patience was running thin if you weren't
Speaker 1: getting the COVID shot I do. And again, this is
Speaker 1: why the argument that Trump wants to be a dictator
Speaker 1: and authoritarian is absolutely bonkers. Okay, some of you guys
Speaker 1: went away in I told you I'd take some calls
Speaker 1: eight hundred. Uh, you can give us a call to
Speaker 1: a two to eight A two Sam in Milwaukee.
Speaker 2: What you got for us?
Speaker 10: All right, thanks for taking my call. I wanted to say,
Speaker 10: I actually support Trump's tariffs, and I this is somebody
Speaker 10: who's lucky to be well off. My portfolio went down,
Speaker 10: you know, by six figures over the last few days.
Speaker 10: But I think it's it's good for the country, and
Speaker 10: it's good for blue collar working people. And it's the
Speaker 10: people who have a lot of money in the stock
Speaker 10: market and who profited from outsourcing who are complaining. The
Speaker 10: other thing I wanted to ask about is in another
Speaker 10: way to bring jobs back to the US, what do
Speaker 10: you guys think about replacing minimum wage with an earned
Speaker 10: income tax credit? Because you know, China has an unfaired
Speaker 10: advantage they treat their people like slaves. They don't have
Speaker 10: to adhere to the same safty and environment environmental regulations.
Speaker 10: Allowing pre market to dictate a wage and then redistributing
Speaker 10: as much or as little wealth as you want with
Speaker 10: earned income tax credit would avoid that as well as
Speaker 10: encourage people to work.
Speaker 1: Thanks, thank you for the call. We're coming up on
Speaker 1: April fifteenth. We have a situation where less than half
Speaker 1: of Americans actually pay income taxes. Now, to the caller's point,
Speaker 1: a lot of people pay payroll taxes if you have
Speaker 1: a job. And the biggest challenge that we have on
Speaker 1: a structural level with China is what he just referenced.
Speaker 1: The average Chinese worker makes a fraction of what the
Speaker 1: average American worker makes. And by the way, people in
Speaker 1: China make more money than people in Vietnam or Cambodia.
Speaker 1: And so if you're producing a product, you can have
Speaker 1: wages that would be considered below slave wages in the
Speaker 1: United States to produce products. I mean, Nike is a
Speaker 1: good example. This is why I went after the guys
Speaker 1: in the NBA so aggressively, because they're very happy to
Speaker 1: rip America to shreds. They never point out that China,
Speaker 1: for instance, was making Nike shoes back in the day
Speaker 1: with legitimate Chinese slave labor. So the modern day slave
Speaker 1: masters were actually NBA athletes who were profiting making tens
Speaker 1: of millions of dollars off of Nike shoes being produced by,
Speaker 1: at least in Xingjiang Province, people who were effectively slaves,
Speaker 1: and China was bragging about the fact that the cotton
Speaker 1: to make many of these shoes was coming from basically
Speaker 1: slave labor production. Now Nike has since pulled some of
Speaker 1: its production out of China. They moved into the Philippines.
Speaker 1: They didn't do that because they're amazingly great human rights advocates.
Speaker 1: They did it because it was way cheaper to make
Speaker 1: shoes in the Philippines, because wages went up in China
Speaker 1: as China became a more industrialized country and it was
Speaker 1: cheaper to go elsewhere. And this is one of the
Speaker 1: biggest challenges in general right about production of goods, is
Speaker 1: that it is quite a lot cheaper to make goods
Speaker 1: in foreign countries where they basically have what we would
Speaker 1: consider in the United States to be slave labor wages.
Speaker 1: In places like Vietnam and Cambodia. And what China has
Speaker 1: done is they have recognized that their overall cheating on
Speaker 1: the world trade stage, even in China has been caught
Speaker 1: on some level, but they now have moved production to
Speaker 1: other countries, which is why figuring out how to rectify
Speaker 1: all of their cheating when it comes to global trade
Speaker 1: is so complicated. James in Roanoke, Virginia, what you got
Speaker 1: for us?
Speaker 11: Well, mister Travis, thank you for taking my call. Longtime
Speaker 11: listeners since the mid eighties. I have a question that
Speaker 11: I'm really struggling with and I get frustrated when I
Speaker 11: hear people say that these illegal that are being deported
Speaker 11: have a ride to a trial. And I've always thought
Speaker 11: that eagles don't have any rights just based on being illegals,
Speaker 11: and so I was wondering if you can help them
Speaker 11: with that circa.
Speaker 1: Well, I mean, yes, that's an argument that's going on
Speaker 1: right now, for instance, with the deportation of Venezuelan illegals.
Speaker 1: And honestly, it's been a huge debate that has gone
Speaker 1: to the Supreme Court several different times. And I want
Speaker 1: to sound like a lawyer nerd, but this is one
Speaker 1: reason why Guantanamo exists because if you don't bring prisoners
Speaker 1: into the United States, and Guantanamo initially was created for
Speaker 1: nine to eleven prisoners, their rights as enemy combatants are
Speaker 1: different than the rights of someone who is being prosecuted
Speaker 1: in American court. And again, this gets really far down
Speaker 1: into the weeds on exactly what due process rights exist.
Speaker 1: The argument here is that because they are here illegally,
Speaker 1: they have violated American law, and therefore they are not
Speaker 1: subject to the same due process rights that you or me,
Speaker 1: or any other American citizen would be. And on the
Speaker 1: enemy combatant front, which is another angle where they are
Speaker 1: trying to analyze this, if you were seized in a
Speaker 1: foreign country, the question of who exactly is an enemy
Speaker 1: combatant is actually one that is very complicated inside the law.
Speaker 1: So the long way around the question is I think
Speaker 1: that the Trump administration is behaving appropriately when it comes
Speaker 1: to these individuals. The courts are going to determine exactly
Speaker 1: how to classify someone who is here in the United
Speaker 1: States physically present, but does not have the legal right
Speaker 1: to be here. And so I am of the opinion
Speaker 1: that the Trump administration has behaved lawfully. I think the
Speaker 1: Supreme Court will agree Trump is on a winning streak.
Speaker 1: I think he's won five straight cases in front of
Speaker 1: the Supreme Court. But that is the complication that is
Speaker 1: associated with it. Thank you for listening for a long time,
Speaker 1: and thank you for calling Carol in my tan you
Speaker 1: wanted to weigh in on the view. By the way,
Speaker 1: public information is not insider trading. Another important aspect here.
Speaker 1: When you say something public, insider information typically has to
Speaker 1: be something that others do not know. Trump saying now
Speaker 1: is a good time to buy is immediately public, therefore
Speaker 1: everyone can act upon it. Insider trading would require that
Speaker 1: Trump called friends and said, hey, I'm about to pause
Speaker 1: the ninety day issue here. I'm about to issue a
Speaker 1: ninety day tear pause. You should all go by right now.
Speaker 1: That did not seem to occur, at least based on
Speaker 1: my watching of the market, because the market did not
Speaker 1: pop until Trump officially made the statement on truth social
Speaker 1: that he was pausing the ninety days. So public comments
Speaker 1: by their very nature are not insider trading because they
Speaker 1: are immediately public for everyone but Carol in Montana. I'll
Speaker 1: get to Carol in Montana and we come back. Pause
Speaker 1: for that, because I need to do this read. But
Speaker 1: we'll get to Carol in Montana. I'll get to Greg
Speaker 1: and Sioux Falls and Jesse and Aurora, Colorado.
Speaker 2: A lot of you lining up.
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Speaker 9: Sometimes all you can do is laugh, and they do
Speaker 9: a lot of it with the Sunday Hang join Clay
Speaker 9: and Buck as they laugh it up in the Klay
Speaker 9: and Buck podcast feed on the iHeartRadio app or wherever
Speaker 9: you get your podcasts.
Speaker 1: News that is out there, Inflation softening down, to two
Speaker 1: point four percent, the lowest rate in four years. Prices
Speaker 1: actually went down point one percent since the last reading.
Speaker 1: Trump has raised tariffs to one hundred and forty five
Speaker 1: percent on China, and we have a budget resolution that
Speaker 1: has passed the House two sixteen to to fourteen, which
Speaker 1: will lead to a tax cut, the big Beautiful bill
Speaker 1: as Trump is calling it. Also, we'll add more for
Speaker 1: border security, many different moving parts. Their stock market back
Speaker 1: down today after one of the biggest days in the
Speaker 1: history of stock market rallies yesterday.
Speaker 2: We will dive into that a bit more. But we
Speaker 2: bring on now.
Speaker 1: We've been decided Buck and I did a while back,
Speaker 1: as the tariff process has played itself out, let's bring
Speaker 1: on people with strong economic backgrounds to talk with all
Speaker 1: of you. Yesterday we had our laugher on at the
Speaker 1: same time. Today we have on Stephen Moore, President Trump's
Speaker 1: former senior economic advisor. He is right now the co
Speaker 1: founder of Committee to Unleash Prosperity, and we bring him
Speaker 1: in now. And Steve and I appreciate you making the
Speaker 1: time for us.
Speaker 2: You've been on.
Speaker 1: It's been a couple of years since you were on
Speaker 1: with us last What do you think from an economic perspective,
Speaker 1: the millions of people listening to us right right now
Speaker 1: should know about what President Trump is doing and its impact.
Speaker 12: Well, Klaie, thanks so much for having me. And by
Speaker 12: the way, how cool is that you had a laugher
Speaker 12: on the most famous economists in the world yesterday.
Speaker 5: That's pretty cool.
Speaker 12: And I have to say that he and I wrote
Speaker 12: a piece in the Wall Street Journal on Tuesday urging
Speaker 12: Trump to you know, let's just offer these countries zero
Speaker 12: terrorists and see if you know they'll lower their terrasts zero,
Speaker 12: we'd lower ours. And I think that was the impetus
Speaker 12: for Trump putting this proposal on the table, which I
Speaker 12: thought was fantastic. That you're right, yesterday was the biggest
Speaker 12: point increase in the Doubt Jones in the history of
Speaker 12: the stock market. Now it's down today, but it's not
Speaker 12: down nearly as much as it.
Speaker 5: Was up yesterday.
Speaker 12: And then look, this is going to be a top
Speaker 12: sea turvy market for the next number of months until
Speaker 12: we get this settled. But I got to tell you,
Speaker 12: having worked with Donald Trump and seen him in action
Speaker 12: out front and personal, this guy is three steps ahead
Speaker 12: of everybody else on the chess board.
Speaker 5: He is a master negotiator. He knows what he's doing.
Speaker 12: And in the end, I think from my first advice
Speaker 12: to people, just now would be a terrible time to sell.
Speaker 12: You never want to sell, you know, when stocks have
Speaker 12: been falling. That's violating the first rule of stock convesting.
Speaker 12: You want to buy low and sell high. But sometimes
Speaker 12: people get panicked.
Speaker 5: That's number one.
Speaker 12: Number two. I believe what Trump is trying to do
Speaker 12: from an economics standpoint is his strategy is to isolate
Speaker 12: the bad actor, the new Soviet Union of the world,
Speaker 12: and that is China. China is a country that is
Speaker 12: a national security and economic security threat to the United
Speaker 12: States is I think they are to the free world,
Speaker 12: And so what he's trying to do, I think is
Speaker 12: unite the rest of the world against a kind of
Speaker 12: decouple from them because because they are such a threat.
Speaker 12: And I think that strategy can work. But we're going
Speaker 12: to find out. We're going to really see whether or
Speaker 12: who are friends and allies are and who are our enemies?
Speaker 12: Will where will Europe be? Will they stand with us?
Speaker 12: What about Britain? Will they stand with us? What about Japan?
Speaker 12: What about Canada? We need to unite Trump is the
Speaker 12: guy to do it.
Speaker 5: But we'll see.
Speaker 1: Okay, So let's dive into this. You mentioned people who
Speaker 1: own stocks right now, which is a huge percentage, Yeah,
Speaker 1: huge percentage of our audience out there, either in pensions
Speaker 1: for oh one k's or people buying it and selling
Speaker 1: individual stocks. What would you tell people who are nervous, apprehensive,
Speaker 1: maybe pay attention to stock prices only when they're really
Speaker 1: kind of popping in one way or the other. How
Speaker 1: should they handle emotional reactions to valuations on the stock
Speaker 1: market from your perspective as a highly try trained, highly
Speaker 1: successful economist.
Speaker 12: Well, I'm an economist. I'm not a financial analyst, and
Speaker 12: sometimes sometimes economists are not great stock pickers. Of the
Speaker 12: great greatest economists who ever lived was Milton Friedman, and
Speaker 12: he was terrible. It's not investing, so yeah, I'll say
Speaker 12: that as a prelude to But the advice I'm going
Speaker 12: to give to your listeners is really pretty straightforward, and
Speaker 12: I think almost every financial honest would agree with me.
Speaker 12: It's called stops for the long run. So in other words,
Speaker 12: if you're investing for you know, for it returns five
Speaker 12: years from now, ten years from now, twenty years from now,
Speaker 12: depending on what your age is, you want to be
Speaker 12: in the American stock market, it goes up.
Speaker 5: It goes up. Now that doesn't mean that you.
Speaker 12: Get these kind of downturns, but the real rate of
Speaker 12: return of the US stock market since the New York
Speaker 12: Stock Exchange opened its stores, it is like seven percent.
Speaker 12: So what I'm saying is, if you don't have to
Speaker 12: take your money out, if you're not cash squeezed right now,
Speaker 12: keep it in the market. It's going to do well
Speaker 12: over time. And again I'm not saying a you're from now,
Speaker 12: maybe you're from now, maybe a little bit lower. What
Speaker 12: I'm saying is I feel very very strongly that three
Speaker 12: years from now, five years from now, you're going to
Speaker 12: get a nice return on your money. And if anything,
Speaker 12: I'd be buying stock right now, not selling it.
Speaker 1: Okay, let's go into China in particular, because this is
Speaker 1: obviously now the focus based on the way the President
Speaker 1: has responded with yesterday's news, he really has isolated China.
Speaker 1: Tariffs up now to one hundred and forty five percent
Speaker 1: on China. From your perspective, what does a fair economic
Speaker 1: deal with China look like?
Speaker 12: Well, China cheats, They steal They steal our intellectual property,
Speaker 12: they steal out patents. It is a very predatory nation.
Speaker 12: So I think we have to be very tough with China.
Speaker 12: And and by the way, you're talking to a guy
Speaker 12: who's a free trader. You know, I like free trade.
Speaker 12: I'm not a big fan of tariff's. I agree with
Speaker 12: eighty percent of what Trump is doing. I'm not a
Speaker 12: huge fan of terrists. My only the only thing I
Speaker 12: would fault Trump on is that I think we should
Speaker 12: you know, why is he going after Canada and some
Speaker 12: of our allies. We really have to focus on China,
Speaker 12: and that's I think that's where he is right now.
Speaker 12: So that's that's the issue. I mean, come on, China
Speaker 12: is on the verge of possibly invading Taiwan. They're building
Speaker 12: up their military in a very aggressive way. They don't
Speaker 12: They're tariffs are three to four times higher than ours are.
Speaker 12: And I want to make sure that your listeners understand this.
Speaker 12: You know, I do a lot of I'm doing like
Speaker 12: the BBC, I do a lot of like media in
Speaker 12: like Europe and Japan. You know, they're interested what Trump's
Speaker 12: going to do, and they're so self and they're self righteous,
Speaker 12: and they're They're like, why is Trump doing this? He's
Speaker 12: starting starting a trade war? And I said, wait a minute,
Speaker 12: what are people talking about.
Speaker 11: We have the lowest tariffs.
Speaker 13: In the world.
Speaker 12: Their terrorists are higher than ours, So how can they
Speaker 12: say we're starting a trade war.
Speaker 1: No, it's a fantastic question. And when we've been asking
Speaker 1: on this program for some time. Okay, so you in
Speaker 1: general are a free trader. There is a tension and
Speaker 1: it certainly has been i think exposed to some degree
Speaker 1: between say Elon Musk, who is more of a free
Speaker 1: trader than not, and Peter Navarro, who is very much
Speaker 1: not a free trader. So here is the challenge, so
Speaker 1: far as I can see it is you kind of
Speaker 1: have a schism. For lack of a better way to
Speaker 1: describe it, what Trump is advocating for, on one hand
Speaker 1: is free trade, and yesterday talking with Art Laugher, I said,
Speaker 1: free trade with Europe can make sense, Japan, South Korea,
Speaker 1: so called good actors. Right, for lack of a better
Speaker 1: way to describe it, then there are I think it's
Speaker 1: fair to say bad actors.
Speaker 2: In China would be the most prominent and powerful among them.
Speaker 1: How do you balance the free trade perspectives with a
Speaker 1: country that is not committed to free trade and end
Speaker 1: up with a deal that makes sense across the board
Speaker 1: from your perspective.
Speaker 12: Well, that's a great question, and I'm going to give
Speaker 12: you a kind of historical parallel. You know, in the
Speaker 12: nineteen thirties, you know, we were a pretty free trade country,
Speaker 12: and we were trading with Japan. You know, we almost
Speaker 12: literally sold them the lead and the steel that they
Speaker 12: used for the bombs that they dropped on Pearl Harbor.
Speaker 12: So that was kind of a dumb thing to do.
Speaker 12: And so do we really want to do that again
Speaker 12: with China? I say no, I think we need to
Speaker 12: really be very cautious about China. I also like and
Speaker 12: by the way, Trump has changed my mind a little
Speaker 12: bit on this stuff because I've watched him in action.
Speaker 12: I used to be like, a unilateral free trader, we
Speaker 12: should have low terrace, no matter what other countries do.
Speaker 5: I no longer believe that.
Speaker 12: I think Trump is right that. Look, I like this
Speaker 12: idea of reciprocity. If you're going to hit up, if
Speaker 12: you're going to hit us in the nose with a
Speaker 12: twenty percent terraft, you know what we're going to hit
Speaker 12: you in the nose, and if you keep it up,
Speaker 12: you know we're going to ratchet it.
Speaker 5: I think at the.
Speaker 12: End of the day, I really believe this that Trump
Speaker 12: is going to force these other countries to play other rules,
Speaker 12: create a level playing field that benefits everyone.
Speaker 1: Okay, we're talking with Stephen Moore, Trump economic advisor, very
Speaker 1: successful economists. Let me ask you this question big picture.
Speaker 1: I'm sure you remember this well. I was a young
Speaker 1: guy at the time. But in the nineteen eighties, those
Speaker 1: of us who remember the nineteen eighties, the idea was
Speaker 1: sure Japan was going to buy up everything. Their economy
Speaker 1: was on fire, they were growing like crazy, and there
Speaker 1: was a great deal of fear about Japanese ownership of
Speaker 1: American assets.
Speaker 5: Yeah.
Speaker 1: Now forty years later, the japan economies around the same size,
Speaker 1: ish at least according to the stock market. Is China
Speaker 1: somewhat like Japan where you're going to see this massive
Speaker 1: growth and then they're kind of going to run into
Speaker 1: a wall now here we know the demographics. China's population
Speaker 1: is but likely begun to decline. You know, there are
Speaker 1: also it's getting more expensive to make goods in China,
Speaker 1: which is how as economies rise, the expectation of workers increases.
Speaker 1: Do you see a parallel potentially between the rapid rise
Speaker 1: that we saw with Japan and then the plateau with
Speaker 1: what we have seen with China as well?
Speaker 5: Yeah, and even more so.
Speaker 12: Look, China is a centrally planned economy that is run
Speaker 12: by their government. It is run out of Beijing. One
Speaker 12: lesson of history. You're a history historian. I am a
Speaker 12: bit too. One of the most important lessons of economic
Speaker 12: history is that central planning does not work right.
Speaker 5: It does not work.
Speaker 12: It didn't work for the Soviet Union, It's not going
Speaker 12: to work for China. So China's economy will implode. And
Speaker 12: I'm not saying it's going to happen next year, but
Speaker 12: it will implode. It's going to happen because you know,
Speaker 12: we have a free enterprise system where we let capital
Speaker 12: markets and our small businessmen and women make the decisions.
Speaker 5: They have the government making the decision. Who are you
Speaker 5: going to bet on?
Speaker 13: No?
Speaker 1: I agree, okay, So let me ask you this last question.
Speaker 1: I appreciate the time. I know how busy you are
Speaker 1: doing interviews all over the world. Who has more short
Speaker 1: term pressure on them in a tara for by your
Speaker 1: analysis China or the United States whose economy suffers more
Speaker 1: as we go back and forth stare each other down.
Speaker 12: Well there, look, you know when we sneeze, China catches pneumonia,
Speaker 12: they have to trade with us. If we if we
Speaker 12: stopped at trading with China, it would hurt our economy,
Speaker 12: but their economy would go into a great depression. That's
Speaker 12: the leverage that we have over China. And Trump is
Speaker 12: playing that card. But it's a complicated question because they
Speaker 12: don't face elections.
Speaker 5: Yes, President Gee, what's going to stop him?
Speaker 12: He may he may be willing to throw his economy
Speaker 12: and do a depression. You know, Luckily we are a
Speaker 12: democratic country and so you know, our pain threshold is
Speaker 12: probably a lot of less.
Speaker 5: Than theirs are because they're run by a dictator.
Speaker 2: No doubt.
Speaker 1: Well, that's an interesting way of contemplating it. What I
Speaker 1: know I said last question, But what do you think
Speaker 1: Chairman z is hearing and thinking as this process plays out.
Speaker 1: I think a lot of people can get into Trump's
Speaker 1: mind and understand the United States perspective. What do you
Speaker 1: think the China perspective is right now?
Speaker 5: I think there's scared you know, it's not being covered
Speaker 5: by the media, but their market has fallen much more
Speaker 5: than ours.
Speaker 2: Haas.
Speaker 12: Yeah, you know they're facing there, are facing a very
Speaker 12: very severe recession.
Speaker 5: So I think they're freaked out right now. They don't
Speaker 5: know how to deal with Trump.
Speaker 12: I think Trump is as the upper hand here, and
Speaker 12: I'm going to bet on Trump in America, not China.
Speaker 1: Steven Moore, I loved the editorial that you and Art
Speaker 1: laugher pin for the Wall Street Journal. We appreciate you
Speaker 1: coming on and thank Art again. I need to text
Speaker 1: him to thank him for coming on yesterday. We appreciate
Speaker 1: your expertise, and anytime you want to come on, let
Speaker 1: us know.
Speaker 5: Okay, thanks so much, Take care.
Speaker 2: It's great. I mean, you just heard from two of
Speaker 2: the most prominent economists in the world, frankly in the
Speaker 2: last two days.
Speaker 14: Here.
Speaker 1: I'll take some of your questions. By the way, the
Speaker 1: cabinet meeting continuing right now as I am looking up.
Speaker 1: Elon Musk is attending the cabinet meeting and speaking is
Speaker 1: live right now on CNN and Fox News. We are
Speaker 1: monitoring it and we will bring you whatever we have got.
Speaker 1: In terms of news there, look down with Buck last
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Speaker 9: Stories of freedom, stories of America, Inspirational stories that you
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Speaker 1: Welcome back in Clay, Travis Buck Sexton show. Appreciate all
Speaker 1: of you hanging out with us. We are joined now
Speaker 1: by a author, journalist, all round incredibly talented guy, Douglas
Speaker 1: Murray new book on Democracies and death Cults, Israel and
Speaker 1: the Future of Civilization. We appreciate you coming on. For
Speaker 1: those of you watching on video, the book is up
Speaker 1: beside me. Let's start right here. I got to go
Speaker 1: to Israel in December for the first time ever. I
Speaker 1: went to the kibbutz's on the border with Gaza. I
Speaker 1: went all the way to the north in Lebanon. I
Speaker 1: was blown away by the concept which I should have
Speaker 1: understood before, but I didn't until I stood on the
Speaker 1: ground that Israel really is the front line of Western civilization.
Speaker 1: If it falls, then Eastern civilization is in trouble. I
Speaker 1: know this is a big part of the book argument
Speaker 1: you make, but do people really understand the stakes, the
Speaker 1: consequences of what's going on in the Middle East, and
Speaker 1: more alarmingly, the fact that a lot of people in
Speaker 1: America and other Western civilizations have lost the ability to
Speaker 1: distinguish between good and evil.
Speaker 13: It's very good to be with you and your listeners again. Firstly,
Speaker 13: the book is an attempted to describe the atrocities of
Speaker 13: the seventh of October twenty twenty three, how they came,
Speaker 13: about what happened. I've been there in the zone of
Speaker 13: the conflict for most of the last year and a half,
Speaker 13: and so it's a first hand account as well as
Speaker 13: a tempt to write first draft of history about the
Speaker 13: atrocities of that day. But the other thing that the
Speaker 13: book is really about is a much bigger question. Is
Speaker 13: the one, as you say, that affects us here in
Speaker 13: America and the rest of the West, which is why
Speaker 13: when a democracy and how I of ours was attacked
Speaker 13: so brutally, the twelve hundred people massacred, two hundred and
Speaker 13: fifties innocent civilians taken hostage, why did so many people
Speaker 13: here in America side not with the democracy, but with
Speaker 13: the deaf cult of Hamaz. And I come to not
Speaker 13: just ask the question, but also I hope to try
Speaker 13: to answer it. And one of the things that we've seen,
Speaker 13: and I relate that I saw it straight away early
Speaker 13: on on the eighth of October, as the massacre was
Speaker 13: still going on in Times Square in New York, I
Speaker 13: saw the demonstration of people supporting the terrorists supporting Hamaz.
Speaker 13: In the year and a half since, we've seen this
Speaker 13: disgusting outburst of hatred against the Jewish state and against
Speaker 13: the Jewish people. Just two days ago at Princeton University,
Speaker 13: Jewish students were screened at by other students telling them
Speaker 13: to go home. The reason, in part, but as you know,
Speaker 13: and you've covered so well on your show, is that
Speaker 13: we have lived through an era in which America, the West,
Speaker 13: all of our allies are seen as the bad guys
Speaker 13: over and over again. And if I have a rule
Speaker 13: that I've developed in the last fear and a half,
Speaker 13: wherever I've gone in America, when I see an anti
Speaker 13: Israel protest, I notice that they fly the Palestinian flag.
Speaker 13: They may fly the flag of Hamas or Hezbolah one
Speaker 13: of these other terrorist groups. They never fly the American flag.
Speaker 13: In fact, when they find an American flag, they'll burn it.
Speaker 13: Compare it with the pro Israel demonstrations that have happened.
Speaker 13: They always have the flying of the Israeli flag and
Speaker 13: the flying of the American flag, and the singing of
Speaker 13: the Star Spangled banner and more. The people who have
Speaker 13: been most vocal again Israel since the massacre are people
Speaker 13: who have also told us that they hate Israel first,
Speaker 13: but they hate America and the West most. And anyone
Speaker 13: who thinks that that is some kind of hyperbole, just
Speaker 13: consider that the student group of Colombia most supportive of
Speaker 13: Hamad says in its founding statements that it seeks as
Speaker 13: its aim the quote complete destruction of Western civilization, the
Speaker 13: complete destruction of Western civilization. They see Israel as being
Speaker 13: the nearest targets as Hamaz does, but not the last targets.
Speaker 1: Why do you think young people, compared to older people
Speaker 1: in the United States in particular, are so susceptible to
Speaker 1: the argument that Israel is a force for evil and
Speaker 1: that in some way the Palestinians or the larger Middle
Speaker 1: Eastern community is a source of good, even in the
Speaker 1: wake of October seventh. Why has that worked with so
Speaker 1: many young people.
Speaker 13: I believe that because they've been prepared for this moment
Speaker 13: very carefully for years. I said in my last book,
Speaker 13: The War on the West, that Americans, this generation of
Speaker 13: Americans coming up, were being taught hatred of America and
Speaker 13: hatred of the West.
Speaker 14: We have seen in America the whole great history of
Speaker 14: America rewritten. In recent years, students and others told that
Speaker 14: to be an American is to be born into guilt,
Speaker 14: to inherit the guilt of slavery, of white supremacy, of colonialism,
Speaker 14: of genocide, and much more. Look at what the pro
Speaker 14: Hamaz anti.
Speaker 13: Israel demonstrators on American campuses accuse Israel off. They accused
Speaker 13: of Israel completely falsely as falsely against America. They accuse
Speaker 13: Israel today of genocide, of ethnic cleansing, of white supremacy,
Speaker 13: and of all of the sins that they have been
Speaker 13: told they solves are the Americans born in the twenty
Speaker 13: first century are guilty of. This is what a psychologist
Speaker 13: would call projection on a massive scale. Tell me what
Speaker 13: you accuse the Jewish state of, and I'll tell you
Speaker 13: what you've been taught that you are guilty of.
Speaker 2: We're talking to Douglas Murray.
Speaker 1: The book is on democracy and death, Cults, Israel, and
Speaker 1: the future of civilization. What should happen? You know, we've
Speaker 1: heard a lot from people in the Trump era talking
Speaker 1: about the right and wrong side of history. If you
Speaker 1: can see the massacre of Jews, the worst day since
Speaker 1: the Holocaust on October seventh and not recognize what the
Speaker 1: right and wrong side of history is. How do we
Speaker 1: rectify that? What should people who are smart enough to
Speaker 1: know better be doing well.
Speaker 13: I believe that young people in the West, not just
Speaker 13: America but principally America, but also I've seen this in
Speaker 13: the last few and a half Autralia and Canada and
Speaker 13: Britain and elsewhere. They've been taught into this Western self
Speaker 13: hatred and hatred. Now that's been taught. Older generations of
Speaker 13: Americans do not hate America because they weren't taught to
Speaker 13: hate America. Older generations of Americans don't hate other democracies
Speaker 13: because they weren't taught to hate other democracies. Part of
Speaker 13: this generation, not all of them. There are some great
Speaker 13: young people coming up, but part of this generation has
Speaker 13: been taught this hatred. I believe that it is going
Speaker 13: to require a generation to teach them out of it.
Speaker 2: I think that's well said. We're talking to Douglas Murray.
Speaker 1: The book I encourage you to all to go check
Speaker 1: it out is on Democracies and death cults.
Speaker 2: It's out right now.
Speaker 1: You mentioned younger generations and the need to teach them
Speaker 1: about what actually has taken place. How much of this
Speaker 1: is the perverse idea that you built on here that
Speaker 1: white people are to blame for everything, and that Jewish
Speaker 1: people are just seen as white and therefore in the
Speaker 1: left wing anti American and anti Western perspective, there is
Speaker 1: no ability to grapple with the idea that someone who
Speaker 1: is of lighter skin could actually be a victim here.
Speaker 1: I mean, I think is partly a function of just
Speaker 1: the broken worldview at play.
Speaker 13: I think you're completely right. The thing that this generation
Speaker 13: has been taught, the thing that has been across our media,
Speaker 13: whether it's a New York Times sixty nineteen project, whether
Speaker 13: it's radical Democrats talking about white guilt and all of
Speaker 13: this sort of thing, always the Jews are going to
Speaker 13: become a victim of this. And sure enough, the people
Speaker 13: who believe that they're against racism are accusing.
Speaker 5: Again.
Speaker 13: It goes back to this thing. It's a mirror of
Speaker 13: their own sins, as they've been told them ways they
Speaker 13: accuse Israel of white supremacy.
Speaker 5: I mean, you've been there, yeah, like me.
Speaker 13: It's one of the most ethnically racially diverse countries on
Speaker 13: the planet. One third of people in Israel of European
Speaker 13: descent one third. The other two thirds are Middle Eastern.
Speaker 13: They are from countries across the region historically who were
Speaker 13: chased out of those countries Iraqi Jews, Persian Jews, Assyrian Jews,
Speaker 13: and many others North African Jews. To see white college
Speaker 13: campus kids in America accusing black Jewish Israelis of white
Speaker 13: supremacy is even by the standards of our time and
Speaker 13: even with our probably wearied ability ability to be shocked,
Speaker 13: absolutely shocking and shocking, not least just for its sheer ignorance.
Speaker 1: When you look Douglas Murray, the author of On Democracies
Speaker 1: and Death Cults, encourage you to go read the book
Speaker 1: what you just said, the you know, white American college
Speaker 1: kids coming after this. When I went to Israel, the
Speaker 1: other thing that stood out was Trump being called Hitler
Speaker 1: when Israel, if it could vote in the American presidential election,
Speaker 1: would have voted like Wyoming did or like West Virginia did.
Speaker 1: That is basically seventy thirty pro Trump as someone who
Speaker 1: doesn't live in America. And when you hear that argument,
Speaker 1: how outrageous and outlandish is that analogy for our current
Speaker 1: president when it comes to his relationship with Israel.
Speaker 13: Well, just one quick thing, I actually do live in
Speaker 13: America when I'm not living in various war zones. I
Speaker 13: hotfooted it from my native Britain some years ago for
Speaker 13: very good reasons, and I'd like to think I'm one
Speaker 13: of the better American importance of research.
Speaker 2: We'll accept you, yes, thank you.
Speaker 13: Not to say but you know, because I love this country.
Speaker 13: I love America, I love the founding Fathers, I love
Speaker 13: American history, and I love American people. So it grieves
Speaker 13: me enormously to see some of the wild, wild hatred
Speaker 13: and wild claims that people have been encouraged into in
Speaker 13: recent years. Many people have been persuaded that basically, you know,
Speaker 13: all of the history is just the nineteen thirties and forties.
Speaker 13: They only know one bad person in history, and that's Hitler,
Speaker 13: and their aim is to be anti Hitler, which is like, wow, guys,
Speaker 13: that was a very brave and important thing to be
Speaker 13: in the nineteen thirty and.
Speaker 1: Forties, by the way, when many of the people were
Speaker 1: not actually anti Hitler, when it would have been helpful, right.
Speaker 13: Exactly, It would have really helped if there'd been more
Speaker 13: anti Hitler people in those days. But history is a
Speaker 13: bit more complicated when you're going through it, and we
Speaker 13: are going through it now. One of the things that
Speaker 13: we've se in the last eighteen months is how many
Speaker 13: people who regard themselves as being anti racists are in
Speaker 13: fact the racists. How many people who think they're anti
Speaker 13: Nazi are literally siding with a Nazi movement Hanaz. How
Speaker 13: many people who think they would have been on the
Speaker 13: right side in the nineteen thirties and the nineteen forties
Speaker 13: are on the side of an anti Semitic and anti
Speaker 13: Western Deaf cult today. The people who told us for
Speaker 13: ten years to believe all women are the people who
Speaker 13: don't believe Israeli women who were raped on the seventh
Speaker 13: of October. This tells us nothing about the Jewish state
Speaker 13: or the Jewish people. It tells us everything about the
Speaker 13: people who have been lecturing us for years now, and
Speaker 13: how wicked they can be.
Speaker 1: Douglas Murray, last question for you. You hit on something
Speaker 1: that I think is hugely important we have in a
Speaker 1: historically illiterate country. Your point is, yes, basically, the only
Speaker 1: historical analogy many people seem to be able to make
Speaker 1: is too Hitler and too World War two how much
Speaker 1: of all of this is rooted in America, but also
Speaker 1: Western civilization in general, not having educated its people in
Speaker 1: terms of real history and having much of a depth
Speaker 1: of knowledge at all.
Speaker 13: Well, I'll tell you it's obviously. The ignorance of history
Speaker 13: is profound everywhere, not just in America. Across the West,
Speaker 13: young British and Canadian school children and college students are
Speaker 13: also being taught versions of the same rot. One of
Speaker 13: the things I finished this book on, though, is to say,
Speaker 13: why not regard this as I do, as a civilizational
Speaker 13: moment and a civilizational test. We all weigh ourselves up
Speaker 13: against the greatest generation of World War II, and we
Speaker 13: should we ask ourselves, would we do what our forefathers
Speaker 13: were able to do when the time of trial came.
Speaker 13: You can take the route, if you're a young American
Speaker 13: of being led into the grievance culture, the victimhood culture
Speaker 13: that you and I have spoken about for years and
Speaker 13: that we hate. But you can also choose another route,
Speaker 13: and it's the route that the young men and women
Speaker 13: of Israel who I had the honor to be with
Speaker 13: in Gaza, in Lebanon, in Israel in the last eighteen months.
Speaker 13: It's the route they have chosen, which is the root
Speaker 13: of heroism. Protecting your people, protecting your faith, protecting your family,
Speaker 13: protecting your way of life, and knowing that your way
Speaker 13: of life will only continue if you're willing to fight
Speaker 13: for it. I'd like to see Americans learn from the
Speaker 13: Israeli youth on this, because if they do, we have
Speaker 13: a bright future too.
Speaker 1: Well said the book on Democracies and Death called Douglas
Speaker 1: Murray good luck on the trail, and I hope you
Speaker 1: sell a lot of books. I know this audience will
Speaker 1: be very receptive to your book and the argument you're making.
Speaker 2: Thanks for everything you're doing.
Speaker 13: It's great to be with you. Thank you.
Speaker 1: That is Douglas Murray look much less serious. I hope
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Speaker 1: literacy is a big part of the challenge that we
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