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Speaker 1: The Charlie kirkshow starts.

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Speaker 2: Now, why we have to do what we're doing one

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Speaker 2: point two trillion dollar trade deficit. We've exported eighteen billion

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Speaker 2: dollars worth of our wealth since China joined the WTO

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Speaker 2: in two thousand and one by running these trade deficits,

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Speaker 2: and we'd give it away our houses or office buildings,

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Speaker 2: or food supply or farmland.

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Speaker 1: That's got to stop.

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Speaker 2: It's threatening our economic prosperity national security.

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Speaker 3: So justin point in fact, the reason that the European Union,

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Speaker 3: even though they are our fourth biggest market for agricultural products,

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Speaker 3: as you know, don't take as much American pork as

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Speaker 3: you would like is because they have issues.

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Speaker 1: With hormones used in fork.

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Speaker 3: I don't want to get into a whole debate over that,

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Speaker 3: but that's it's not an issue about tariff's. Conservative economists

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Speaker 3: of the American enterproducts.

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Speaker 4: No wait loa wait, hold on, Jake, no no no, no, no, no, no,

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Speaker 4: no no no, this is really important. You can't just

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Speaker 4: say that. So here's the bottom line. They are using

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Speaker 4: fake science and unsubstantiated claims to not take our products.

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Speaker 1: So it isn't just that they have high tariffs.

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Speaker 4: Thank you for making this point for me, by the

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Speaker 4: way I mean to make it. It's not just the

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Speaker 4: tariff numbers. It's the way they've treated our products. Oh sorry,

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Speaker 4: we can't take your beef since two thousand and two

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Speaker 4: because you use a certain type of feed. That's just

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Speaker 4: absolute bull. It is not correct and not appropriate. Our supplies,

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Speaker 4: our farmers and ranchers, we produce the safest, the most secure,

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Speaker 4: the best food in the world. And so to use

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Speaker 4: that for you to say, oh, oh my goodness, we

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Speaker 4: can't do it because of this reason, it's absolutely wrong

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Speaker 4: and it's not based on sound science.

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Speaker 1: Okay.

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Speaker 4: The bottom line is this, in the last four years,

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Speaker 4: the cost of inputs for our farmers lane up thirty percent.

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Speaker 4: In the last four years, we had an agriculture expert

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Speaker 4: deficit that increased from zero when President Trump left to

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Speaker 4: forty nine billion. Dollars. Are farming and our farmers and

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Speaker 4: ranchers are hurting. They are operating at profits of margins

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Speaker 4: of profit that are thinner than they have in a

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Speaker 4: really long time due to the policies of the last

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Speaker 4: four years. The long term, the tariffs worked, I mean,

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Speaker 4: the research shows that we had an activity increase in jobs, etc.

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Speaker 4: Until frankly, the Biden administration stopped enforcing some of those

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Speaker 4: the deal once we left office. In twenty twenty one.

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Speaker 5: The Treasury Secretary said on another network, We're going to

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Speaker 5: hold the course. It's not the kind of thing you

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Speaker 5: can negotiate away in days or weeks. That makes it

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Speaker 5: sound like the tariffs are staying in place at least

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Speaker 5: for days or weeks. Is that correct or is the

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Speaker 5: present considering postponing implementation to negotiate.

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Speaker 1: There is no postponing. They are definitely just paying place

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Speaker 1: for days and weeks.

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Speaker 6: That is sort of obvious.

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Speaker 7: The President needs to reset global trade. Everybody has a

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Speaker 7: trade surplus and we have a trade deficit. We are

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Speaker 7: paying away our future and our lives. The countries of

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Speaker 7: the world are ripping this off, and it's got to end.

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Speaker 7: The President has made it crystal crystal clear.

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Speaker 1: This is the policy.

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Speaker 7: We're going to protect the factories that come build in America.

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Speaker 8: We are going to protect them.

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Speaker 1: They're going to be successful.

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Speaker 7: That's why they're going to build in America, the greatest

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Speaker 7: economy in the earth.

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Speaker 9: We saw during COVID that optimal supply chains are not resilient,

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Speaker 9: and what I could say is the only good outcome

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Speaker 9: from COVID is it was a beta test for what

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Speaker 9: would happen if our supply chains got broken. And President

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Speaker 9: Trump has decided that we cannot be at risk like

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Speaker 9: that for our crucial medicines, for semiconductors they have for shipping,

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Speaker 9: and we are going to move forward. The American people

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Speaker 9: can know that they are going to have a more

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Speaker 9: secure future.

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Speaker 10: Well, Chris, why, I want my cake and eat it

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Speaker 10: too as well. So I want to bring the jobs

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Speaker 10: back to America, end of the day.

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Speaker 1: I do want zero tariffs.

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Speaker 11: You.

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Speaker 10: Growing up in Kansas, since the day I was born,

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Speaker 10: I've heard farmers say, you know, why does EUFFE have

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Speaker 10: a fifty percent tariff on American agriculture? India one hundred,

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Speaker 10: Canada two hundred, and Beyond the tariffs, it's the non

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Speaker 10: tariff barriers. A lot of those countries simply won't let

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Speaker 10: agriculture products into those countries.

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Speaker 1: So yeah, short.

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Speaker 10: Term pain, long term gain, bring the jobs back and

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Speaker 10: then get to true free reciprocal tariffs.

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Speaker 12: I got a report from the USTR last night that

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Speaker 12: more than fifty countries have reached out to the President

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Speaker 12: to begin a negotiation but they're doing that because they

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Speaker 12: understand that they bear a lot of the tariff, and

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Speaker 12: so I don't think that you're going to see a

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Speaker 12: big effect on the consumer in the US, because I

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Speaker 12: do think that the reason why we have a persistent

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Speaker 12: long run trade deficit is these people have very in

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Speaker 12: elastic supply. They've been dumping goods into the country in

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Speaker 12: order to create jobs.

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Speaker 13: Say in China, every day is a battle for your mind,

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Speaker 13: raging information coming from every angle.

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Speaker 14: But the will to the sea, fear not. You found

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Speaker 14: the place for truth, the voice of a generation that

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Speaker 14: still has the will to believe in the greatest country

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Speaker 14: in the history of the world. This is the Charlie

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Speaker 14: Kirk Show.

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Speaker 8: Fuck a lot, here we go.

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Speaker 15: Okay, everybody, Radio stations across the country, honored to be

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Speaker 15: with you.

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Speaker 16: As always.

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Speaker 15: I will be heading on the campus at the University

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Speaker 15: of South Carolina momentarily. But first we are here breaking

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Speaker 15: down all of the news of the day. In fact,

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Speaker 15: news is moving so quickly, it is moving at such

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Speaker 15: an accelerated pace right now that it is difficult to

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Speaker 15: keep up. It is moving so quick we have to

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Speaker 15: basically have five different chats open of different responses from

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Speaker 15: foreign nations regarding tariff threats, regarding reciprocity.

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Speaker 16: So there is a lot going on here.

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Speaker 15: But instead of going into all the details, because that's good,

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Speaker 15: it's going to change by every five minutes, I think

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Speaker 15: we need to take a step back and reset the

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Speaker 15: foundational framework, to reset a thirty thousand foot view of

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Speaker 15: exactly what's going on here. President Donald Trump has been

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Speaker 15: railing against bad trade deals for the last thirty or

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Speaker 15: forty years. President Donald Trump, as a businessman, identified trade deficits,

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Speaker 15: and the way trade is supposed to be constituted is

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Speaker 15: we do what we do best, and you do what

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Speaker 15: you do best, and we will barter. By doing so,

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Speaker 15: you will make us wealthier and we will trade and

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Speaker 15: we will both be able to have a flourishing future.

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Speaker 15: But ended up happening in the nineteen nineties and early

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Speaker 15: two thousands. In the nineteen nineties, there were three critical

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Speaker 15: mistakes made by Bill Clinton, the entrance of China into

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Speaker 15: the World Trade Organization, the NAFTA, and also the repeal

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Speaker 15: of the idea of investment bank and commercial banks. That's

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Speaker 15: a whole separate issue for another time, but the inflation

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Speaker 15: of investment in commercial banks allowed the cheap flow of

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Speaker 15: money to go into the capital markets in a way

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Speaker 15: that that specific deregulation I think actually led us to

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Speaker 15: the two thousand and eight financial crisis and the lords

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Speaker 15: of easy money leading us closer and closer to fiscal

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Speaker 15: and financial apocalypse. Now, free trade did make the stock

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Speaker 15: market go up. Nobody is doubting that unlimited, unfettered free

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Speaker 15: trade did make the ten percent do very well.

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Speaker 16: I am part of the ten percent.

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Speaker 15: I can say this as somebody who is part of

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Speaker 15: the evil ten percent of the country. When you are

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Speaker 15: on the upper part of the socioeconomic ladder, specifically, if

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Speaker 15: you do work that does not involve your hands but

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Speaker 15: only involves your brain, that does not involve your body,

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Speaker 15: but only involves your brain. Free trade is traditionally a

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Speaker 15: great idea because we became an information economy and a

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Speaker 15: consumer economy and not an industrial one, because we were

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Speaker 15: entering into a technological revolution. Because that we were entering

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Speaker 15: into a brave new world of unfettered, unapologetic free trade,

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Speaker 15: that we would no longer need to make stuff. In fact,

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Speaker 15: that is what the third world does. The idea was

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Speaker 15: that the third world will make our products for us,

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Speaker 15: and that we will be able to become wealthier. Francis

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Speaker 15: Fukiyama famously wrote a book called The End of History.

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Speaker 15: The assumption was permanent US dominance. It was a post

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Speaker 15: Cold War mentality. It was that neoliberalism is the end

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Speaker 15: of history. Fukiyama wrote in the End of History that

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Speaker 15: this will be the end of war, that neoliberalism was

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Speaker 15: the apex of civilization. Neoliberalism was course, invade the world.

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Speaker 15: Invite the world. The idea of the Western liberal order

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Speaker 15: will be able to be spread to all corners of

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Speaker 15: the world, and we will end the Escaton. The Escaton,

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Speaker 15: of course, is a Christian view of when christ rules

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Speaker 15: are for a thousand year reign. Imminetizing the Esketon is

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Speaker 15: what the free traders thought they were going to get.

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Speaker 15: In fact, I remember growing up. I was in sixth

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Speaker 15: grade at MacArthur Middle School right there on Palatine Road,

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Speaker 15: right where I grew up, and.

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Speaker 16: I remember we would watch they had these morning news bits.

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Speaker 15: I forgot the name of it. Maybe Blake would know.

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Speaker 15: It was like five to ten minutes long. It was

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Speaker 15: like mandatory must runs. I remember one of them. I'll

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Speaker 15: think of it. I could find it in a break anyway.

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Speaker 16: It was the news clips.

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Speaker 15: In one of them, they said, can you find a

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Speaker 15: single thing when you're walking through a parking lot at

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Speaker 15: Walmart and ask people what they bought that was made

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Speaker 15: in America?

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Speaker 16: And the answer was no.

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Speaker 15: And of course all my sixth grade classmates like, that's wrong,

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Speaker 15: that's wrong. And I remember the teacher would interject, and

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Speaker 15: I wouldn't even say the teacher was liberal, the teacher

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Speaker 15: was neoliberal. And the teacher would interject and say, no,

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Speaker 15: this is a good thing. This made us wealthier. We

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Speaker 15: don't have to do that work. We are liberated. In fact,

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Speaker 15: what we were told, what I was told growing up,

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Speaker 15: is that free trade would then make it where the

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Speaker 15: Russians will be wearing Levi jeans, eating McDonald's, taking selfies.

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Speaker 15: Well at the time, just listening to iPads, iPods. And

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Speaker 15: it's not even that it's a bad thing for other

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Speaker 15: things to be made in other countries.

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Speaker 16: Of course not.

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Speaker 15: We want a competition, we want markets. We do not

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Speaker 15: want no trade. Instead, it is when nothing is made

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Speaker 15: in America, or next to nothing, when it's such a

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Speaker 15: small percentage when making something in America, almost people look

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Speaker 15: differently at you. Why would you do that now we

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Speaker 15: also must be fair. We have to be fair in

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Speaker 15: our analysis partially but not mainly. Partially as to why

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Speaker 15: the corporate class decided to move these jobs overseas is

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Speaker 15: that you unions got very greedy in the.

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Speaker 16: Nineteen seventies and nineteen eighties.

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Speaker 15: This is a lesser appreciated component of this analysis is

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Speaker 15: unions thought that they were too big for their bridges.

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Speaker 15: They were like, what are you gonna like leave? Literally,

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Speaker 15: some of the labor unions would look at the corporate

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Speaker 15: class and say, we want a forty percent increase in wages,

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Speaker 15: we want more days off, and the corporate class decided

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Speaker 15: to get back at the unions. America became less competitive.

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Speaker 15: Now again, a lot of the Trump coalition is union labor. However,

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Speaker 15: as Blake Astuteley pointed out, find one part of the

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Speaker 15: American economy that is mass unionized that isn't totally awful.

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Speaker 15: It's really hard to find, in fact, in the fact

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Speaker 15: where mass unionization, especially public sector unization, public sector teacher unions,

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Speaker 15: public sector janitorial unions, public sector government unions. I think

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Speaker 15: that there's a place, for example, a carpenter's union. They're

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Speaker 15: very good at training they're very good at apprenticeship. However,

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Speaker 15: there needs to be a balance between capital and labor.

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Speaker 15: And what happened, of course, is the capital, the corporate

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Speaker 15: class having no allegiance to the United States of America,

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Speaker 15: and the fact that unions overreached and unions got cocky.

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Speaker 15: They looked at the corporate class in the eye and said,

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Speaker 15: we're American labor. What are you going to really go

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Speaker 15: and make that trinket in China? And the mackenzie type said, yep,

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Speaker 15: that's exactly what we're going to do. Actually, and it

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Speaker 15: was made easier by this decision. Understand, what President Donald

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Speaker 15: Trump is doing is fixing and remedying the mistakes of past.

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Speaker 15: If you had to go look at what is the

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Speaker 15: original sin as to why we are in the place

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Speaker 15: that we are in. There are many places, there are

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Speaker 15: many decisions, but the one where we actually have it

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Speaker 15: on tape. Rarely do you have the original sin on tape.

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Speaker 15: And it was televised on c SPIN. And that is

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Speaker 15: when we decided to make what was then a third

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Speaker 15: World and maybe a second World country entrance into the

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Speaker 15: World Trade Organization. This was a glide path. We did

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Speaker 15: not do this to try and make us have greater

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Speaker 15: harmony with China. In fact, you could make an argument

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Speaker 15: that our relations with China were probably better before China

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Speaker 15: went into the World Trade Organization. The free trade zealots

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Speaker 15: told us that trade will bring us peace. In fact,

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Speaker 15: it turns out that mass trade with China brought us

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Speaker 15: closer and closer to conflict. President Donald Trump is fixing

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Speaker 15: this problem. From Bill Clinton play cut one twenty one.

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Speaker 13: The WTO agreement will move China in the right direction.

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Speaker 13: It will advance the goals of America has worked for

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Speaker 13: in China for the past three decades, and of course,

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Speaker 13: it will advance our own economic interests. Economically, this agreement

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Speaker 13: is the equivalent of a one way street. It requires

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Speaker 13: China to open its markets with a fifth of the

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Speaker 13: world's population, potentially the biggest markets in the world, to

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Speaker 13: both our products and services in unprecedented new ways. All

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Speaker 13: we do is to agree to maintain the present access

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Speaker 13: which China enjoys. Chinese terifts and telecommunications, products to automobiles,

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Speaker 13: to agriculture will fall by half or more over just

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Speaker 13: five years. For the first time, our companies will be

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Speaker 13: able to sell and distribute products in China made by

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Speaker 13: workers here in America without being forced to relocate manufacturing

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Speaker 13: to China, sell through the Chinese government, or transfer valuable technology.

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Speaker 13: For the first time, we'll be able to export products

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Speaker 13: without exporting jobs.

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Speaker 15: Boy, there is so much wrong with that. I'll analyze

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Speaker 15: that after the break. You look at that there's still

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Speaker 15: joint technology transfers. We are not allowed to sell our

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Speaker 15: products in China. Our technology companies are not allowed to

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Speaker 15: sell in the interior of China. Relief Factor dot com

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Speaker 16: We'll be right back.

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Speaker 14: Stop watching the news and start making some the Charliekirkshow.

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Speaker 16: Okay, everybody, welcome back.

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Speaker 15: I am about to be on campus all week University

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Speaker 15: South Carolina. We have Illinois State University, University of Illinois,

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Speaker 15: that is not even the full agenda. If you guys

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Speaker 15: payment on their private student loans. May not be available

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Speaker 15: where you are and how they've escaped student loan debt.

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Speaker 15: You can even see what their monthly payments were versus

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Speaker 15: what they are now. Just call a to eight y

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Speaker 16: Bad credit is accepted.

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Speaker 15: Let's face it, if you have distressed or defaulted private

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Speaker 15: student loans, nobody is coming to bail you out. Go

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Speaker 15: f y dot com again. They are the sponsor of

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Speaker 15: our very popular, very viral campus tour.

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Speaker 16: Go to yr f y dot com.

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Speaker 15: Email me freedom at Charliekirk dot com.

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Speaker 16: Okay, everybody, welcome back. You are living through history.

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Speaker 15: You're living through the attempted realignment of a failed rules

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Speaker 15: based international order. So one of the reasons why President

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Speaker 15: Trump's approval rating is going gone up. President Trump's daily

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Speaker 15: tracker of approval rating went up last week after the

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Speaker 15: application of tarots. It's so fascinating to me. I feel

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Speaker 15: as if I live in two different realities. And I

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Speaker 15: say this, by the way, as someone who is very

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Speaker 15: invested in the stock market. Thankfully I have a great

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Speaker 15: person and team that helps manage that stuff. I was

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Speaker 15: only down a couple percent. Well of other people were

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Speaker 15: down a lot more. You could have hedges by the Vicks,

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Speaker 15: you can have buffers all that stuff. But I feel

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Speaker 15: as if I live in two different realities. I was

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Speaker 15: walking around Arizona, a certain part of Phoenix, Arizona this weekend,

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Speaker 15: and a very wealthy guy came up and he was

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Speaker 15: very worried.

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Speaker 16: Came out to me, Charlie, what is Trump think with

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Speaker 16: these tariffs? What do you think? What do you think?

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Speaker 16: What do you think?

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Speaker 15: I said, Look, everything I'm going to tell you privately,

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Speaker 15: I also say publicly, I have no inside information, and

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Speaker 15: if I did, I certainly wouldn't just share.

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Speaker 16: It with you.

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Speaker 15: Very worried, he said, you know, my portfolios down, my

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Speaker 15: market's down zone. Okay, kind of almost freaking out. And

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Speaker 15: then in the other's reality, when I went out to

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Speaker 15: dinner with my wife, guy comes up to me and

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Speaker 15: he says, Charlie, I'm a welder.

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Speaker 16: This is the greatest week I've ever seen in politics.

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Speaker 16: So what do you mean?

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Speaker 15: He said, Finally someone is giving the middle finger to

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Speaker 15: the corporate class, and they're going to offend those of us.

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Speaker 16: That work for a living.

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Speaker 15: US blue collar world have a fighter in the White House,

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Speaker 15: and we've been waiting for it.

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Speaker 8: Now.

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Speaker 15: I'm not even saying one is right and one is wrong.

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Speaker 15: They're both are very valued constituencies. One is the capital

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Speaker 15: class and one is the labor. And properly understood and

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Speaker 15: properly balanced, you have hopefully some brokered equilibrium between capital

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Speaker 15: and labor. Understand, the top ten percent, which I am

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Speaker 15: part of and many of the audience are part of,

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Speaker 15: own about eighty eight percent of the equities.

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Speaker 16: Now it's a little.

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Speaker 15: Deceiving because a lot of teachers, and a lot of janitors,

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Speaker 15: and a lot of people that have four O one

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Speaker 15: k's they might get blended into a major wealth management fund.

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Speaker 15: Nobody is happy with what's going on with the stock market.

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Speaker 15: But again America, ten percent of Americans owte eighty eight

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Speaker 15: percent of equities. Next for own twelve percent of the

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Speaker 15: stock market, and the bottom fifty percent has debt. They

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Speaker 15: have credit card bills, They rent their homes, and they

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Speaker 15: have auto loans, and they've been.

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Speaker 16: Screaming and crying for some relief.

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Speaker 15: What's even worse is if Trump didn't do anything about this.

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Speaker 15: And I'm not even talking about economical because this is

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Speaker 15: a risk. This is a gamble. We must be honest

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Speaker 15: with This is an economic gamble. There is a risk

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Speaker 15: associated with it. I think it's going to work out.

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Speaker 15: I trust Stephen Miller, and I trust Susie Wilds, and

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Speaker 15: I trust Scott Besson, and I trust Jade Vance, and

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Speaker 15: of course most importantly I trust President Trump. But there

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Speaker 15: is a risk. There is a gamble involved in all

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Speaker 15: of this. But the greater risk would be if you

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Speaker 15: run on tariffs and you don't apply them, that would.

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Speaker 16: Be the end of democracy as we know it.

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Speaker 15: That means you could pander to a constituency endlessly to

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Speaker 15: just go get their votes and you don't do it. That,

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Speaker 15: to be perfectly honest with you, is far more horrifying

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Speaker 15: and terrifying to the health of our politics than the

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Speaker 15: stock market going down. And I know the stock market

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Speaker 15: right now going down is hurting.

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Speaker 16: A lot of people.

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Speaker 15: And look, this could go terribly wrong. Europe and China

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Speaker 15: are gonna be the main countries that will most likely escalate.

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Speaker 15: There could be a de dollarization. A lot of our

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Speaker 15: wealth in this country is built on the fact that

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Speaker 15: we are the world's reserve currency. So this is a

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Speaker 15: high wire. This is a live wire act, one that

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Speaker 15: I support. The markets knew this was coming, and Trump

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Speaker 15: gave plenty of notice, and still we are seeing a

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Speaker 15: sell off. But I think back to that blue collar

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Speaker 15: guy that came up to me. So this is the

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Speaker 15: best week of politics' ever seen. In the contrast, the

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Speaker 15: people that own in the market think this is terrible.

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Speaker 15: The people that have built the country think this is wonderful.

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Speaker 15: I would like to think them have them both think

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Speaker 15: something is wonderful.

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Speaker 16: However, if you look at.

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Speaker 15: The last five years, Wall Street has done very very well.

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Speaker 15: Main Street has not done very well the last five years,

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Speaker 15: been crushed by inflation, being crushed by consumer debt. They

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Speaker 15: don't own homes, and they have been screaming at their politicians,

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Speaker 15: please listen to us, please do something for us. And

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Speaker 15: that is what Donald Trump embodied, which is why, regardless

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Speaker 15: of what Trump said or how they attacked him, the

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Speaker 15: working class continued to rise up in record numbers. And

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Speaker 15: how President Trump is delivering it. He is the promise

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Speaker 15: keeper president. We've seen that on the border. The idea

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Speaker 15: of these tariffs is to smoke out behavior targeted at

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Speaker 15: American exports, and some of it is direct tariffs. But

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Speaker 15: it's not only that. There's a lot of howling going

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Speaker 15: on right now, and some of it is understandable. A

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Speaker 15: lot of countries got used to the existing system. Well,

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Speaker 15: Trump is starting our thousand mile journey with a great,

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Speaker 15: big leap. But most importantly is he's fulfilling the promises

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Speaker 15: that he made. And you want to see a much

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Speaker 15: more dramatic, horrifying political moment if President Trump would have

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Speaker 15: just said, huh, just kidding, just like ever the politician,

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Speaker 15: I say one thing and do another. Instead, it's promises made,

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Speaker 15: promises kept.

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Speaker 17: Be right back, Welcome back to this Real America's Voice

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Speaker 17: news break.

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Speaker 6: I'm Terrence Bads.

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Speaker 17: Dozens of countries are reportedly ready to negotiate in the

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Speaker 17: face of President Trump's tariffs. Taiwan's president, for instance, is

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Speaker 17: offering zero tariffs in return for the US dropping its

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Speaker 17: trade barriers.

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Speaker 6: Is rarely.

440
00:23:32,400 --> 00:23:35,159
Speaker 17: Prime Minister Benjamin at Yahoo expected to ask for a

441
00:23:35,240 --> 00:23:39,040
Speaker 17: reprieve on the seventeen percent tariffs against his country during

442
00:23:39,080 --> 00:23:42,200
Speaker 17: an oval office visit coming up here shortly. And when

443
00:23:42,200 --> 00:23:45,040
Speaker 17: it comes to China and the European Union, the President

444
00:23:45,080 --> 00:23:48,200
Speaker 17: says his tariffs are all about leveling the playing field

445
00:23:48,240 --> 00:23:49,879
Speaker 17: after being ripped off for years.

446
00:23:50,600 --> 00:23:55,440
Speaker 18: We have massive surplus countries that we're dealing with. We

447
00:23:55,480 --> 00:23:59,240
Speaker 18: have massive deficits. We've got to strade that out because

448
00:23:59,280 --> 00:24:01,200
Speaker 18: you can't continue to be that which been that way

449
00:24:01,240 --> 00:24:04,280
Speaker 18: for years now, and it can't go on any longer.

450
00:24:04,960 --> 00:24:08,800
Speaker 18: And with the Biggiebank, we have all the advantages. Forget

451
00:24:08,840 --> 00:24:11,080
Speaker 18: markage for a second, we have all the advantages. We'll

452
00:24:11,080 --> 00:24:12,920
Speaker 18: get it straight out. We're going to become a wealthy

453
00:24:13,200 --> 00:24:16,040
Speaker 18: nation again, wealthy like never before.

454
00:24:17,480 --> 00:24:20,920
Speaker 17: US customs officials are reportedly collecting the across the board

455
00:24:21,000 --> 00:24:24,840
Speaker 17: ten percent tariffs already. The higher reciprocal tariffs of between

456
00:24:24,880 --> 00:24:28,280
Speaker 17: eleven and fifty percent on individual countries are set to

457
00:24:28,320 --> 00:24:32,520
Speaker 17: take effect on Wednesday. A weekend of storms and massive

458
00:24:32,560 --> 00:24:35,600
Speaker 17: flooding have at least eighteen people dead in communities from

459
00:24:35,600 --> 00:24:38,800
Speaker 17: Texas to Ohio. Drying out and preparing for a week

460
00:24:38,800 --> 00:24:42,040
Speaker 17: of insurance claims. Kentucky and Tennessee are dealing with the

461
00:24:42,040 --> 00:24:44,720
Speaker 17: worst of the flooding as some rivers there have risen

462
00:24:44,720 --> 00:24:47,560
Speaker 17: to near record levels. The flooding has been brought on

463
00:24:47,680 --> 00:24:51,879
Speaker 17: by NonStop rain for days. As a result, utilities in

464
00:24:51,880 --> 00:24:55,200
Speaker 17: some areas have cut off power and gas. Emergency officials

465
00:24:55,280 --> 00:24:59,000
Speaker 17: in north central Kentucky have ordered mandatory evacuations for a

466
00:24:59,000 --> 00:25:01,600
Speaker 17: couple of towns near the the bend of the Lucking

467
00:25:01,720 --> 00:25:03,160
Speaker 17: River or Licking River.

468
00:25:03,200 --> 00:25:04,399
Speaker 6: I'm sorry, that's what it's called.

469
00:25:04,680 --> 00:25:07,840
Speaker 17: As the water continues to rise, the situation is frightening

470
00:25:07,920 --> 00:25:11,000
Speaker 17: reminder of thirty years ago when the river reached a

471
00:25:11,080 --> 00:25:14,760
Speaker 17: record fifty feet, resulting in five deaths and one thousand

472
00:25:14,840 --> 00:25:19,600
Speaker 17: homes destroyed. The World Series champion Los Angeles Dodgers take

473
00:25:19,600 --> 00:25:22,439
Speaker 17: over the White House. The team is in Washington to

474
00:25:22,440 --> 00:25:25,400
Speaker 17: play the Nationals, but first stop by the White House

475
00:25:25,440 --> 00:25:28,760
Speaker 17: to meet with President Trump. As this tradition, the team

476
00:25:28,840 --> 00:25:31,320
Speaker 17: gave forty seven a Dodger's jersey with his name on

477
00:25:31,400 --> 00:25:34,679
Speaker 17: it before getting a private tour of the Oval Office.

478
00:25:35,240 --> 00:25:37,560
Speaker 17: That's a great check of your headlines. We appreciate you

479
00:25:37,600 --> 00:25:39,439
Speaker 17: being here with us. Now let's get you back to

480
00:25:39,480 --> 00:25:53,119
Speaker 17: the Charlie Kirk Show.

481
00:25:53,480 --> 00:25:56,919
Speaker 14: This movement will not be silenced. You're listening to the

482
00:25:57,040 --> 00:25:58,720
Speaker 14: Charlie Kirk Show.

483
00:26:00,000 --> 00:26:00,440
Speaker 16: Welcome back.

484
00:26:00,440 --> 00:26:02,520
Speaker 15: Email us as always Freedom at Charliekirk dot com. I

485
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Speaker 15: gotta tell you this is one of my favorite stories

486
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Speaker 15: and I saw this on X the other day, I said,

487
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Speaker 15: book this guy. I love it from five different directions,

488
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Speaker 15: and I'll explain in a second. But first, my Patriots Supply.

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Speaker 15: Check out my Patriots Supply dot com. That is my

490
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491
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492
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Speaker 15: to my families well being, we use my Patriots Supply.

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Speaker 15: I just got the word and they've done something they've

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Speaker 15: never done before. Right now, you can get their best

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Speaker 15: selling Mega three month emergency food supply for the same

496
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Speaker 15: price as the standard kit for more than three hundred

497
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Speaker 15: and sixty dollars of real beef chicken, plus farm fresh

498
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Speaker 15: fruits and vegetables included at no extra charge. Even better,

499
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Speaker 15: this kit now gives you two five hundred calories a day,

500
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Speaker 15: more than any other emergency food supply that I've seen.

501
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Speaker 15: Let's be honest. When things go sideways, You're gonna need

502
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Speaker 15: more than just survival. You need strength, You need energy,

503
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Speaker 15: you need vital do, you need spirit, You need food.

504
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Speaker 15: You are nine meals away from anarchy. Write that down

505
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Speaker 15: and committed to memory. You are nine meals away from anarchy.

506
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Speaker 15: This kit will be there for you when you need it,

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Speaker 15: stays fresh for up to twenty five years, and ships

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Speaker 15: fast and discreetly.

509
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Speaker 16: If you've been.

510
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Speaker 15: Waiting for the right time, this is it. Go to

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Speaker 15: my patriots supply dot com and claim your mega kit

512
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Speaker 15: for while this lasts. Go to my patriots supply dot com.

513
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Speaker 15: Portions of Charlie kirkshow are brought to in part by

514
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Speaker 15: my patriotsupply dot com. Okay, this is an amazing story.

515
00:27:28,040 --> 00:27:33,040
Speaker 15: So I have a new obsession, which is I believe

516
00:27:33,080 --> 00:27:35,000
Speaker 15: the fight of the twenty first century is going to

517
00:27:35,040 --> 00:27:39,280
Speaker 15: be a fight against the bureaucracy. Not just the bureaucracy

518
00:27:39,320 --> 00:27:43,000
Speaker 15: and government, but bureaucracy in general. Very similar to how

519
00:27:43,200 --> 00:27:47,840
Speaker 15: men as they get older, middle aged men develop an intractable,

520
00:27:48,560 --> 00:27:57,160
Speaker 15: seemingly irreversible beer belly middle fat. It seems as if government, churches, charities, companies,

521
00:27:57,320 --> 00:28:01,080
Speaker 15: and of course colleges develop that kind of mid level

522
00:28:01,119 --> 00:28:06,920
Speaker 15: management job justification paper shuffling desk worker industry. In fact,

523
00:28:07,000 --> 00:28:11,800
Speaker 15: bureaucrat literally means desk worker from its original French doge

524
00:28:11,920 --> 00:28:15,120
Speaker 15: exists to try to get rid of the bureaucracy. What

525
00:28:15,160 --> 00:28:20,400
Speaker 15: do you do here? Is the lethal weapon against bureaucracy?

526
00:28:21,520 --> 00:28:24,879
Speaker 15: The question of what do you do here might be

527
00:28:25,240 --> 00:28:31,720
Speaker 15: the most effective, the most effective weapon against bloat that

528
00:28:31,800 --> 00:28:34,560
Speaker 15: I have seen. Well, we have a very special guest,

529
00:28:34,680 --> 00:28:37,879
Speaker 15: someone that goes to Brown Universities who obviously he's very smart,

530
00:28:38,280 --> 00:28:41,440
Speaker 15: and he decided to do something I love.

531
00:28:41,480 --> 00:28:43,600
Speaker 16: His name is Alex Shay. I believe that's how you

532
00:28:43,600 --> 00:28:43,920
Speaker 16: say it.

533
00:28:44,400 --> 00:28:47,880
Speaker 15: He's Brown University class of twenty twenty seven, software engineer

534
00:28:48,000 --> 00:28:48,920
Speaker 15: and a journalist.

535
00:28:48,960 --> 00:28:50,440
Speaker 16: So what he decided to do.

536
00:28:50,480 --> 00:28:53,040
Speaker 15: He's a software at Brown University, which is incredibly liberal,

537
00:28:53,080 --> 00:28:58,480
Speaker 15: as you know. He decided to email three thousand and

538
00:28:58,560 --> 00:29:01,960
Speaker 15: eight hundred Brown staff members with a very simple question,

539
00:29:02,680 --> 00:29:06,360
Speaker 15: describe what tasks you performed in the past week. Shaye

540
00:29:06,400 --> 00:29:09,960
Speaker 15: said he got about twenty responses to his email, including.

541
00:29:09,520 --> 00:29:10,600
Speaker 16: One of them was f off.

542
00:29:11,280 --> 00:29:14,200
Speaker 15: Shae created a website called Bloat at Brown where he

543
00:29:14,280 --> 00:29:17,200
Speaker 15: listed off every employee at the school and used ai.

544
00:30:22,600 --> 00:30:25,440
Speaker 19: That they're gonna take away Brown schedule funding because of

545
00:30:25,560 --> 00:30:28,080
Speaker 19: DEDI and anti Semitism. But this is even before that,

546
00:30:28,200 --> 00:30:32,880
Speaker 19: because Brown get this. Brown costs ninety three thousand dollars

547
00:30:32,960 --> 00:30:35,600
Speaker 19: a year for one year of college. And I know

548
00:30:35,680 --> 00:30:38,040
Speaker 19: that you say college is always a scam. Charlie but

549
00:30:38,120 --> 00:30:41,040
Speaker 19: it's seeming more and more like that these days, because

550
00:30:41,040 --> 00:30:43,680
Speaker 19: where does all this money go? That's an excellent question.

551
00:30:44,560 --> 00:30:47,760
Speaker 19: And it's pretty much like you said, And five non

552
00:30:47,840 --> 00:30:51,120
Speaker 19: faculty staff members. These are not These are not professors

553
00:30:51,160 --> 00:30:53,400
Speaker 19: who are teaching the classes. These are people who sit

554
00:30:53,440 --> 00:30:56,040
Speaker 19: at desks and they push around papers and nobody exactly

555
00:30:56,080 --> 00:30:59,120
Speaker 19: knows what they do because they won't tell me especially,

556
00:30:59,200 --> 00:31:02,960
Speaker 19: And so I just find that all very suspect and suspicious.

557
00:31:04,520 --> 00:31:05,920
Speaker 15: No, I just I first saw I love this, and

558
00:31:05,960 --> 00:31:08,880
Speaker 15: I want to just say, as a macro point, when

559
00:31:09,120 --> 00:31:15,680
Speaker 15: high IQ driven young patriots like yourself get disagreeable against power,

560
00:31:16,280 --> 00:31:18,720
Speaker 15: I love it because they don't know how to deal

561
00:31:18,720 --> 00:31:21,680
Speaker 15: with it. So you've created this, I'm not We're on

562
00:31:21,800 --> 00:31:24,080
Speaker 15: radio right now, Alex, so we can't give the exact title.

563
00:31:24,080 --> 00:31:26,520
Speaker 15: But let's just say BS job subscores. Is that fair

564
00:31:26,520 --> 00:31:26,880
Speaker 15: to say?

565
00:31:27,320 --> 00:31:27,600
Speaker 6: Uh?

566
00:31:27,640 --> 00:31:30,480
Speaker 15: And so you have a you have yet you have

567
00:31:30,560 --> 00:31:33,720
Speaker 15: a you score jobs for BS jobs that waste money.

568
00:31:33,960 --> 00:31:37,280
Speaker 15: So basically, you are the customer at Brown for ninety

569
00:31:37,280 --> 00:31:40,080
Speaker 15: three thousand dollars a year. You're a journalist. You're trying

570
00:31:40,080 --> 00:31:41,840
Speaker 15: to figure out what the heck are we paying all

571
00:31:41,840 --> 00:31:44,680
Speaker 15: this money for? In Providence, Rhode Island. You are the client.

572
00:31:45,440 --> 00:31:49,680
Speaker 15: Brown employees more than four thousand, four hundred employees, but

573
00:31:49,920 --> 00:31:53,120
Speaker 15: fewer than one thousand are instructors of any kind. So

574
00:31:53,120 --> 00:31:55,760
Speaker 15: that means that means seventy five percent of jobs at

575
00:31:55,800 --> 00:31:59,920
Speaker 15: Brown are not instructors. What BS jobs have you found

576
00:32:00,120 --> 00:32:01,240
Speaker 15: at Brown University?

577
00:32:02,280 --> 00:32:03,680
Speaker 20: Well, that's a great question.

578
00:32:03,800 --> 00:32:06,600
Speaker 19: So at our website right now Bloats dot bro Inspectator

579
00:32:06,760 --> 00:32:09,280
Speaker 19: dot com, we have about forty nine people that are

580
00:32:09,320 --> 00:32:12,680
Speaker 19: dedicated to DEI rolls. Again, these are the people that

581
00:32:12,880 --> 00:32:15,680
Speaker 19: just cost Brown five hundred and ten million dollars from

582
00:32:15,680 --> 00:32:19,560
Speaker 19: the Trump administration because they're refusing to comply with the

583
00:32:19,640 --> 00:32:23,920
Speaker 19: directives about DEI. But just in general, it's like there

584
00:32:23,920 --> 00:32:26,880
Speaker 19: are multiple people, Charlie, that are dedicated to ad sales

585
00:32:26,920 --> 00:32:27,200
Speaker 19: for the.

586
00:32:27,120 --> 00:32:29,520
Speaker 20: Alumni magazine, for the Alumni Meg.

587
00:32:29,640 --> 00:32:32,560
Speaker 19: I didn't even know that the alumni magazine ran ads,

588
00:32:32,680 --> 00:32:34,960
Speaker 19: but apparently one person is not good enough for that.

589
00:32:35,040 --> 00:32:37,560
Speaker 19: You need to have multiple people running ad sales for

590
00:32:37,600 --> 00:32:38,440
Speaker 19: the alumni magazine.

591
00:32:38,440 --> 00:32:40,640
Speaker 20: There's about seven full time people.

592
00:32:40,520 --> 00:32:44,040
Speaker 19: That are on the alumni magazine in general, in roles

593
00:32:44,040 --> 00:32:44,520
Speaker 19: in general.

594
00:32:44,680 --> 00:32:46,840
Speaker 20: But the funny thing is that I couldn't find that many.

595
00:32:46,800 --> 00:32:49,320
Speaker 19: Articles that were written by these seven time, full time staffers,

596
00:32:49,480 --> 00:32:52,360
Speaker 19: because they make freelancers and students write the actual articles.

597
00:32:52,520 --> 00:32:55,800
Speaker 19: So it's just blow like that in the Alumni magazine,

598
00:32:56,000 --> 00:32:59,520
Speaker 19: in all of these various offices that as a student,

599
00:32:59,640 --> 00:33:01,920
Speaker 19: I wouldn't even think to think that we had such

600
00:33:01,920 --> 00:33:04,440
Speaker 19: a thing that that these offices existed.

601
00:33:04,080 --> 00:33:06,960
Speaker 20: Because they don't really interact those students. They're pretty much

602
00:33:07,000 --> 00:33:07,800
Speaker 20: just behind the scenes.

603
00:33:07,960 --> 00:33:10,360
Speaker 19: But they're raising the cost of tuition that are making

604
00:33:10,480 --> 00:33:13,520
Speaker 19: schools like Brown like again. They always say that the

605
00:33:13,560 --> 00:33:18,320
Speaker 19: Ivy League is supposed to be uh an economic ladder.

606
00:33:18,360 --> 00:33:20,080
Speaker 21: You know that that poor kids can go to the

607
00:33:20,080 --> 00:33:23,480
Speaker 21: Ivy League schools and and they'll they'll turn out successful

608
00:33:23,520 --> 00:33:25,920
Speaker 21: in life, But that that is really being put to

609
00:33:26,000 --> 00:33:28,920
Speaker 21: the test by this enormous price tag and sort of

610
00:33:29,000 --> 00:33:33,360
Speaker 21: disregard for financial planning of any sort.

611
00:33:36,400 --> 00:33:39,040
Speaker 15: Alex you have, there's two there's two components here. I

612
00:33:39,040 --> 00:33:40,320
Speaker 15: want to make sure recover. First, I want to go

613
00:33:40,360 --> 00:33:42,520
Speaker 15: through these spot categories and I think it's hilarious and

614
00:33:42,600 --> 00:33:44,360
Speaker 15: so astute. And then I want to talk about the

615
00:33:44,400 --> 00:33:47,000
Speaker 15: disciplinary action. And then I have a third point that

616
00:33:47,040 --> 00:33:48,280
Speaker 15: I do want to make. So you have that you

617
00:33:48,320 --> 00:33:51,240
Speaker 15: have these five buckets if you will, that you have

618
00:33:51,320 --> 00:33:54,400
Speaker 15: distilled of trying to organize what these people do.

619
00:33:54,600 --> 00:33:55,480
Speaker 16: I want you to go through them.

620
00:33:55,480 --> 00:34:00,600
Speaker 15: You have flunky, you have goon, duct, taper, box, ticker,

621
00:34:00,720 --> 00:34:02,080
Speaker 15: and task master.

622
00:34:02,800 --> 00:34:07,120
Speaker 19: Explain right, So, Charlie, I know that you're a conservative,

623
00:34:07,160 --> 00:34:10,360
Speaker 19: but these categories were actually dreamt up by David Graber,

624
00:34:10,400 --> 00:34:13,320
Speaker 19: who is an anthropologist, and he's hardly conservative. He's a

625
00:34:13,400 --> 00:34:15,440
Speaker 19: left anarchist. But I think this is sort of one

626
00:34:15,480 --> 00:34:18,680
Speaker 19: of the issues really that should be apolitical, that people

627
00:34:18,719 --> 00:34:21,040
Speaker 19: at both ends of the politicals backtum should see is

628
00:34:21,040 --> 00:34:22,719
Speaker 19: that there are a lot of these people with sort

629
00:34:22,719 --> 00:34:24,040
Speaker 19: of confusing.

630
00:34:23,560 --> 00:34:25,239
Speaker 20: Jobs and just to run through them.

631
00:34:25,280 --> 00:34:29,200
Speaker 19: The flunkies are people like administrative assistant, but there are

632
00:34:29,239 --> 00:34:33,000
Speaker 19: a lot of assistants for these mid level bureaucrats. Why

633
00:34:33,040 --> 00:34:36,160
Speaker 19: all of these mid level bureaucrats need assistance again, is unclear.

634
00:34:36,280 --> 00:34:38,480
Speaker 20: Are they Are they really that busy? Maybe they are,

635
00:34:38,520 --> 00:34:39,839
Speaker 20: but maybe, and.

636
00:34:39,800 --> 00:34:42,640
Speaker 19: This is what Graver says, is that the bureaucrats are

637
00:34:42,680 --> 00:34:45,000
Speaker 19: just there to make them feel more important, and that

638
00:34:45,040 --> 00:34:48,200
Speaker 19: also seems like a very plausible explanation. Again, we can't

639
00:34:48,239 --> 00:34:50,359
Speaker 19: know for sure unless we hear from them. And that's

640
00:34:50,400 --> 00:34:54,319
Speaker 19: why we sent that email. Goons are those who sort

641
00:34:54,360 --> 00:34:56,399
Speaker 19: of fight people on behalf of the university to see

642
00:34:56,480 --> 00:35:00,200
Speaker 19: people everybody in the communications office essentially.

643
00:35:00,480 --> 00:35:05,040
Speaker 15: I know type that is keep going yes and.

644
00:35:04,400 --> 00:35:09,000
Speaker 22: And and in particular, the Brown spokesperson has has been

645
00:35:09,040 --> 00:35:12,800
Speaker 22: putting a lot of misinformation out about about me in

646
00:35:13,200 --> 00:35:16,279
Speaker 22: the press because he's been saying that that this site

647
00:35:16,360 --> 00:35:17,840
Speaker 22: is using confidential information.

648
00:35:17,920 --> 00:35:20,640
Speaker 20: He's been talking that to all the reporters. And that's

649
00:35:20,680 --> 00:35:22,239
Speaker 20: not true. But we can get into that later.

650
00:35:22,840 --> 00:35:25,520
Speaker 19: But but your your title, your job is your that's

651
00:35:25,600 --> 00:35:26,960
Speaker 19: not confidential that.

652
00:35:27,120 --> 00:35:29,680
Speaker 20: The duct tapers are the third category.

653
00:35:29,719 --> 00:35:33,279
Speaker 19: These are sort of people like like like like think

654
00:35:33,280 --> 00:35:37,319
Speaker 19: about like all the IT staff that is dedicated to

655
00:35:37,840 --> 00:35:40,799
Speaker 19: maintaining an upkeep of of all these various.

656
00:35:40,520 --> 00:35:42,560
Speaker 20: Data systems like that Brown the Wi.

657
00:35:42,320 --> 00:35:46,360
Speaker 19: Fi goes out all the time, Like all the systems

658
00:35:46,400 --> 00:35:47,800
Speaker 19: the IT t citizens are not great.

659
00:35:48,040 --> 00:35:49,960
Speaker 20: And so instead of just having like an end to

660
00:35:50,120 --> 00:35:52,680
Speaker 20: end solution that is like a well designed system, they

661
00:35:52,760 --> 00:35:56,600
Speaker 20: just have a whole lot of IT T staff just

662
00:35:56,600 --> 00:36:00,839
Speaker 20: just sitting around fixing things when it breaks, duct taping it,

663
00:36:00,920 --> 00:36:02,920
Speaker 20: so to say, instead of just designing it well in

664
00:36:03,239 --> 00:36:03,920
Speaker 20: the first place.

665
00:36:04,560 --> 00:36:09,840
Speaker 19: The box stickers are essentially people compliance officers, DEI officers

666
00:36:10,120 --> 00:36:12,920
Speaker 19: that just go around and and and they just essentially

667
00:36:13,000 --> 00:36:13,920
Speaker 19: check boxes to.

668
00:36:13,880 --> 00:36:16,200
Speaker 20: See are you doing this? Are you doing this? You

669
00:36:16,200 --> 00:36:18,759
Speaker 20: don't really add any value. They're just making sure that

670
00:36:18,840 --> 00:36:21,040
Speaker 20: everybody else toes the line.

671
00:36:21,200 --> 00:36:23,399
Speaker 19: And then the task masters are just these mid level

672
00:36:23,440 --> 00:36:27,200
Speaker 19: administrators that just boss around the lower level.

673
00:36:27,000 --> 00:36:31,880
Speaker 20: Administrators and give them tasks. Maybe they're they're writing memos,

674
00:36:32,239 --> 00:36:34,800
Speaker 20: maybe they're drafting strategic action plans.

675
00:36:35,360 --> 00:36:38,439
Speaker 19: How this benefits students, I don't know, but I'm sure

676
00:36:38,480 --> 00:36:40,360
Speaker 19: they think that they are very.

677
00:36:40,280 --> 00:36:45,279
Speaker 16: Very important, and so put it.

678
00:36:45,480 --> 00:36:47,400
Speaker 15: I think this is this is one of my favorite

679
00:36:47,480 --> 00:36:50,239
Speaker 15: like distillations. I want all of you to think about

680
00:36:50,280 --> 00:36:53,000
Speaker 15: when you send your kid to college. That so at Brown,

681
00:36:53,080 --> 00:36:57,040
Speaker 15: just to repeat, four four hundred employees at Brown, A

682
00:36:57,160 --> 00:36:59,040
Speaker 15: thousand of them are instructors of any kind. And that's

683
00:36:59,040 --> 00:37:02,120
Speaker 15: even being generous because in close teachers assistants, and a

684
00:37:02,200 --> 00:37:05,239
Speaker 15: thousand is a generous number. So there are three four

685
00:37:05,320 --> 00:37:09,200
Speaker 15: hundred people that are either flunkies, goons, duck tabers, box tickers,

686
00:37:09,280 --> 00:37:13,839
Speaker 15: or task masters for ninety three thousand dollars a year.

687
00:37:14,440 --> 00:37:18,279
Speaker 15: And look, this would be even more hilarious if it

688
00:37:18,320 --> 00:37:21,600
Speaker 15: wasn't tragic. And by the way, Alex, you are a

689
00:37:21,640 --> 00:37:24,600
Speaker 15: great example as to why they do not want the

690
00:37:24,600 --> 00:37:26,919
Speaker 15: IVY League to be based in merit, why they don't

691
00:37:26,920 --> 00:37:29,200
Speaker 15: want Asians or whites to come to the IVY League.

692
00:37:29,320 --> 00:37:32,080
Speaker 15: They just want people. You're asked too many questions. You're

693
00:37:32,120 --> 00:37:34,480
Speaker 15: way too disagreeable for them. You're like, actually, no, what

694
00:37:34,520 --> 00:37:35,080
Speaker 15: do you do here?

695
00:37:35,239 --> 00:37:35,919
Speaker 16: What is this?

696
00:37:36,760 --> 00:37:40,080
Speaker 15: And you're kind of doing your own micro doge one minute, Alex,

697
00:37:40,239 --> 00:37:42,560
Speaker 15: I want to keep you after the break, but one

698
00:37:42,600 --> 00:37:44,120
Speaker 15: thing I want to make sure I express then I

699
00:37:44,160 --> 00:37:46,000
Speaker 15: want to get after the break. We're going to talk

700
00:37:46,000 --> 00:37:49,719
Speaker 15: about the disciplinarian action of this. But if anyone out there,

701
00:37:49,800 --> 00:37:53,080
Speaker 15: I know someone at Harvard, I want this should be happened.

702
00:37:52,800 --> 00:37:54,560
Speaker 16: That you should start a whole movement of this. We

703
00:37:54,560 --> 00:37:55,720
Speaker 16: should have one at Harvard.

704
00:37:55,760 --> 00:37:57,600
Speaker 15: We should have one at Princeton, we should have one

705
00:37:57,600 --> 00:38:00,480
Speaker 15: at Yale, we should have one at Stanford where students

706
00:38:00,520 --> 00:38:04,520
Speaker 15: to start mass emailing the entire faculty and saying I

707
00:38:04,640 --> 00:38:06,840
Speaker 15: go to school here and I pay one hundred thousand

708
00:38:06,840 --> 00:38:10,000
Speaker 15: dollars a year, what did you accomplish last week? And

709
00:38:10,040 --> 00:38:14,359
Speaker 15: start organizing the entire faculty database at the school that

710
00:38:14,520 --> 00:38:18,640
Speaker 15: you are going into debt for to justify why they exist.

711
00:38:18,680 --> 00:38:20,000
Speaker 16: This could start a mass movement.

712
00:38:20,800 --> 00:38:23,120
Speaker 15: And by the way, I'm going to also push Linda

713
00:38:23,200 --> 00:38:26,040
Speaker 15: McMahon and the Trump administration to demand this info as well.

714
00:38:26,440 --> 00:38:29,120
Speaker 15: What do you do here and organize everybody in those

715
00:38:29,160 --> 00:38:31,560
Speaker 15: five categories, Alex Brilliant stay right there. Then we're going

716
00:38:31,640 --> 00:38:36,399
Speaker 15: to talk about the disciplinarian action of this Patriotmobile dot

717
00:38:36,400 --> 00:38:37,280
Speaker 15: com slash Charlie.

718
00:38:37,280 --> 00:38:37,680
Speaker 16: Think about it.

719
00:38:37,680 --> 00:38:40,080
Speaker 15: Every day you spend, every dollar you spend is either

720
00:38:40,080 --> 00:38:42,520
Speaker 15: supporting your values or working against them. In today's economy,

721
00:38:42,600 --> 00:38:44,480
Speaker 15: where you spend your money matters. That's how we take

722
00:38:44,520 --> 00:38:46,600
Speaker 15: back our country. Patriot Mobile is leading the way. Is

723
00:38:46,600 --> 00:38:50,560
Speaker 15: America's only Christian conservative wireless provider. You'll get exceptional nationwide

724
00:38:50,600 --> 00:38:53,839
Speaker 15: coverage because, unlike most budget wireless providers Paytriot Mobile has

725
00:38:53,840 --> 00:38:56,680
Speaker 15: access to all three major networks. You can even add

726
00:38:56,680 --> 00:38:58,840
Speaker 15: two numbers on two networks or on the phone.

727
00:38:59,160 --> 00:39:00,520
Speaker 16: Right now, we'll go to Patriot.

728
00:39:00,160 --> 00:39:02,399
Speaker 15: Mobile dot com slash Charlie or called nine seven two

729
00:39:02,400 --> 00:39:04,720
Speaker 15: Patriot to get a free month of service with promo

730
00:39:04,760 --> 00:39:07,840
Speaker 15: code Charlie. That is Patriot Mobile dot com slash Charlie.

731
00:39:07,880 --> 00:39:09,840
Speaker 15: So take a look at it right now at Patriot

732
00:39:09,880 --> 00:39:13,600
Speaker 15: Mobile dot com slash Charlie. Patriot Mobile dot com slash

733
00:39:13,680 --> 00:39:16,120
Speaker 15: Charlie is an amazing way that you guys are able

734
00:39:16,160 --> 00:39:19,680
Speaker 15: to make the switch to support a company that shares

735
00:39:19,719 --> 00:39:22,200
Speaker 15: your values. If you have a cell phone in out there, listen.

736
00:39:22,520 --> 00:39:25,000
Speaker 15: If you have a cell phone, make the switch today

737
00:39:25,200 --> 00:39:28,680
Speaker 15: at Patriotmobile dot com slash Charlie. That is Patriot Mobi

738
00:39:28,680 --> 00:39:31,560
Speaker 15: dot com slash Charlie. Stop funding Woke Wireless and go

739
00:39:31,600 --> 00:39:34,440
Speaker 15: to Patriot Mobile dot com slash Charlie. I'll tell you what.

740
00:39:35,280 --> 00:39:37,200
Speaker 15: I don't know what Alex Sheha is gonna do in

741
00:39:37,200 --> 00:39:38,560
Speaker 15: his life, but he'll be successful.

742
00:39:38,600 --> 00:39:39,160
Speaker 8: We'll be right.

743
00:39:39,080 --> 00:39:54,080
Speaker 14: Back the American Maid darn proud of it, The Charliekirk Show.

744
00:39:55,400 --> 00:39:56,520
Speaker 16: Okay, everybody, welcome back.

745
00:39:56,520 --> 00:39:59,279
Speaker 15: Email us as always freedom at Charliekirk dot com and

746
00:39:59,320 --> 00:40:00,440
Speaker 15: subscribe to our podcast.

747
00:40:00,480 --> 00:40:00,960
Speaker 16: Just reminder.

748
00:40:01,000 --> 00:40:04,360
Speaker 15: I'll be at University South Carolina today and then I

749
00:40:04,440 --> 00:40:07,719
Speaker 15: go to Illinois State University tomorrow and the University of

750
00:40:07,719 --> 00:40:12,440
Speaker 15: Illinois for an evening event in Urbana, Champagne. On Thursday,

751
00:40:12,440 --> 00:40:17,040
Speaker 15: I will be going to West Lafayette, Indiana Purdue University

752
00:40:17,760 --> 00:40:20,840
Speaker 15: and wrapping out the week at Michigan State University. Next

753
00:40:20,880 --> 00:40:24,600
Speaker 15: week I will be at Boise State University in beautiful Boise, Idaho.

754
00:40:25,239 --> 00:40:27,960
Speaker 15: And then I will also be at Washington State University

755
00:40:28,400 --> 00:40:32,239
Speaker 15: in Pullman, Washington. The week after that, I will be

756
00:40:32,400 --> 00:40:35,680
Speaker 15: in Laramie, Wyoming at the University of Wyoming for both

757
00:40:35,719 --> 00:40:36,799
Speaker 15: approved me Wrong.

758
00:40:36,640 --> 00:40:37,520
Speaker 16: And an evening event.

759
00:40:37,719 --> 00:40:39,680
Speaker 15: And then I'll also be at Texas A and M

760
00:40:39,880 --> 00:40:44,400
Speaker 15: University where they say Gigham and howdy. And that is

761
00:40:44,440 --> 00:40:45,600
Speaker 15: just a little bit of a taste. We have a

762
00:40:45,600 --> 00:40:48,360
Speaker 15: lot more campus stops coming. On top of that, we

763
00:40:48,400 --> 00:40:51,359
Speaker 15: have stuff coming in Boston. We have a lot more

764
00:40:51,400 --> 00:40:55,640
Speaker 15: California stops. Were not slowing down. We have to keep

765
00:40:55,680 --> 00:40:56,359
Speaker 15: the pace up.

766
00:40:56,400 --> 00:40:58,920
Speaker 16: It is. Look, you've got to be working hard. The

767
00:40:59,239 --> 00:41:00,000
Speaker 16: left there revenue.

768
00:41:00,280 --> 00:41:05,080
Speaker 15: They've had rallies and protests and screaming sessions across the country.

769
00:41:05,120 --> 00:41:07,239
Speaker 15: We have to do more. And then turning point USA,

770
00:41:07,320 --> 00:41:10,080
Speaker 15: we are doing more. Tyranny never sleeps, and neither do

771
00:41:10,160 --> 00:41:25,520
Speaker 15: we stay right there. Okay, the Herzog Foundation is wonderful.

772
00:41:25,600 --> 00:41:28,000
Speaker 15: Check it out right now. Are you rethinking your kid's

773
00:41:28,080 --> 00:41:30,680
Speaker 15: educational path, wondering if their current school truly supports your

774
00:41:30,680 --> 00:41:33,200
Speaker 15: family's values? If so, You're not alone, and the Herzog

775
00:41:33,200 --> 00:41:35,799
Speaker 15: Foundation is here to help. With the Trump administration working

776
00:41:35,840 --> 00:41:38,560
Speaker 15: to abolish the Federal Department Education, There's never been a

777
00:41:38,560 --> 00:41:41,880
Speaker 15: better time to explore Christian education. The Herzog Foundation is

778
00:41:41,920 --> 00:41:45,239
Speaker 15: your trusted guide to navigating these changes. Whether families are

779
00:41:45,239 --> 00:41:48,319
Speaker 15: considering a Christian school or a hybrid model, or homeschooling,

780
00:41:48,640 --> 00:41:52,680
Speaker 15: they provide the resources families need to make informed decisions.

781
00:41:53,600 --> 00:41:56,279
Speaker 15: Visit readline dot com to access musty articles, and don't

782
00:41:56,320 --> 00:41:59,400
Speaker 15: forget to sign up for the Lions daily and weekly newsletters.

783
00:41:59,520 --> 00:42:01,880
Speaker 15: That's read line dot com. Stay informs, stay equipped, and

784
00:42:01,880 --> 00:42:04,680
Speaker 15: shaped your child's future. Read line dot Com. Portions of

785
00:42:04,680 --> 00:42:06,560
Speaker 15: The Charlie Kirk Show are brought to in part by

786
00:42:06,560 --> 00:42:10,080
Speaker 15: the Herzog Foundation. Alex Shay continues with us, Alex, if

787
00:42:10,080 --> 00:42:13,400
Speaker 15: you guys are just joining us, is dojing Brown University,

788
00:42:13,800 --> 00:42:15,759
Speaker 15: which he's exposed me a scam? So you've done this,

789
00:42:15,840 --> 00:42:18,440
Speaker 15: so let me just make sure you email all these

790
00:42:18,440 --> 00:42:21,400
Speaker 15: facults you ask these questions. How has the university responded

791
00:42:21,400 --> 00:42:23,480
Speaker 15: to you? The university that you are paying?

792
00:42:23,600 --> 00:42:27,640
Speaker 19: Alex Kay, right, So this has been reported pretty widely

793
00:42:27,719 --> 00:42:30,760
Speaker 19: at this point, and I'm backed by fire The Foundation

794
00:42:30,800 --> 00:42:33,319
Speaker 19: for Individual Rights and Expression, and they put out a

795
00:42:33,360 --> 00:42:36,600
Speaker 19: blog post that pretty much outlies the entire situation. But

796
00:42:36,680 --> 00:42:40,560
Speaker 19: according to what Fire is saying is Brown is pursuing

797
00:42:40,560 --> 00:42:44,000
Speaker 19: a preliminary review against me for four different charges. They're

798
00:42:44,040 --> 00:42:48,719
Speaker 19: saying it's emotional and psychological harm. They're saying violation of

799
00:42:48,880 --> 00:42:54,520
Speaker 19: operational rules. They're saying misrepresentation because I said I'm a

800
00:42:54,520 --> 00:42:57,359
Speaker 19: reporter for the Brown Spectator and that's not recognized by

801
00:42:57,360 --> 00:43:01,560
Speaker 19: the Student Activities office, that must mean it's misrepresented. And

802
00:43:01,880 --> 00:43:05,080
Speaker 19: the last charge is invasion of privacy again for publishing

803
00:43:05,120 --> 00:43:08,440
Speaker 19: people's names and job titles that Brown themself publishes on

804
00:43:08,480 --> 00:43:12,280
Speaker 19: the internet. And so again it's not really clear how

805
00:43:12,320 --> 00:43:15,799
Speaker 19: that's confidential. Now in Rhode Island, where Brown is is,

806
00:43:15,800 --> 00:43:18,440
Speaker 19: we have a state law even that called the Students

807
00:43:18,600 --> 00:43:22,000
Speaker 19: Journalist Freedom of Expression Act, which protects student journalism like

808
00:43:22,080 --> 00:43:24,280
Speaker 19: is in my case. And I think this is really

809
00:43:24,440 --> 00:43:28,280
Speaker 19: just an evidence of double standards that Brown has.

810
00:43:28,440 --> 00:43:29,239
Speaker 20: I don't know if your.

811
00:43:29,120 --> 00:43:32,760
Speaker 19: Audience knows this, Charlie, but Charlie Kirk is also banned

812
00:43:32,800 --> 00:43:34,360
Speaker 19: from Brown University's campus.

813
00:43:34,400 --> 00:43:36,680
Speaker 20: This was because of an incident that happened a few

814
00:43:36,800 --> 00:43:40,240
Speaker 20: years ago where Brown told him, he couldn't film.

815
00:43:40,360 --> 00:43:43,680
Speaker 19: And so Charlie Kirk came came to our campus and

816
00:43:44,120 --> 00:43:44,920
Speaker 19: he wasn't filming.

817
00:43:44,920 --> 00:43:47,319
Speaker 20: He was complying to all these rules. But some other

818
00:43:47,400 --> 00:43:50,799
Speaker 20: students were filming him and those got posted online and

819
00:43:51,160 --> 00:43:53,880
Speaker 20: that was deemed to be in violation of Brown's filming policy.

820
00:43:53,880 --> 00:43:58,480
Speaker 19: And so now Charlie is unfortunately banned from UH from

821
00:43:58,520 --> 00:44:02,000
Speaker 19: Brown's campus. But take this into accounts what Brown has

822
00:44:02,040 --> 00:44:05,759
Speaker 19: been doing with these pro Palestinian protesters in twenty twenty three,

823
00:44:06,200 --> 00:44:08,640
Speaker 19: a group of like about thirty of them or just

824
00:44:08,719 --> 00:44:12,000
Speaker 19: trespassing in an administrative building. Again, what I'm doing is speech,

825
00:44:12,040 --> 00:44:14,840
Speaker 19: what they're doing is trespassing, and they actually got arrested

826
00:44:14,920 --> 00:44:17,080
Speaker 19: and charged with that, and then Brown just decided to

827
00:44:17,160 --> 00:44:19,960
Speaker 19: drop the charges because they didn't want to inflame tensions

828
00:44:20,040 --> 00:44:22,920
Speaker 19: or something like that. Then when there was the encampment,

829
00:44:23,200 --> 00:44:25,960
Speaker 19: the people who were in an encampment, they stuck struck

830
00:44:25,960 --> 00:44:29,239
Speaker 19: a deal with the Brown administration that they wouldn't be

831
00:44:30,320 --> 00:44:32,920
Speaker 19: that they wouldn't be held in the normal disciplinary proceedings,

832
00:44:32,920 --> 00:44:35,000
Speaker 19: and that expulsion and suspension would be.

833
00:44:35,000 --> 00:44:36,359
Speaker 20: Off the table for all of them.

834
00:44:36,360 --> 00:44:38,440
Speaker 19: And again, I think this just shows that there is

835
00:44:38,520 --> 00:44:41,560
Speaker 19: a clear double standard here about how people are treated.

836
00:44:41,680 --> 00:44:45,320
Speaker 19: I mean, like myself and Charlie were it's just speech,

837
00:44:45,360 --> 00:44:48,600
Speaker 19: it's freedom of speech. But when people get into disruptive

838
00:44:48,640 --> 00:44:52,120
Speaker 19: actions and breaking actual laws, as long as they're on

839
00:44:52,160 --> 00:44:53,560
Speaker 19: the left, they're pretty much protected.

840
00:44:56,080 --> 00:44:56,319
Speaker 16: Yeah.

841
00:44:56,360 --> 00:44:58,640
Speaker 15: So just to be clear, if instead of asking the

842
00:44:58,680 --> 00:45:00,960
Speaker 15: people that you employ, let's they do all day long?

843
00:45:01,400 --> 00:45:03,840
Speaker 15: If you would host i don't know, like a Student's

844
00:45:03,840 --> 00:45:08,320
Speaker 15: for Justice of Palestine encampment in the middle of Brown's campus,

845
00:45:08,719 --> 00:45:10,120
Speaker 15: then that's perfectly fine.

846
00:45:10,120 --> 00:45:13,240
Speaker 16: They would settle with you. But going around and asking blow.

847
00:45:13,080 --> 00:45:17,600
Speaker 15: To bureaucrats that are duct taper box tickers that you employ,

848
00:45:17,920 --> 00:45:19,840
Speaker 15: what do you do all day long? You are subject

849
00:45:19,840 --> 00:45:24,280
Speaker 15: now to a disciplinary investigation Alex one minute remaining. Would

850
00:45:24,280 --> 00:45:28,120
Speaker 15: you say that Brown is a place where I don't

851
00:45:28,120 --> 00:45:30,600
Speaker 15: want to again? Scam is kind of my thing. College scam.

852
00:45:30,640 --> 00:45:33,879
Speaker 15: But how would you describe Brown now after this experience

853
00:45:34,239 --> 00:45:37,319
Speaker 15: to the country, to the nation, how would you categorize it?

854
00:45:38,360 --> 00:45:39,280
Speaker 20: I think it's elitist.

855
00:45:39,440 --> 00:45:41,000
Speaker 19: That's the way that I would sum it up is

856
00:45:41,040 --> 00:45:44,800
Speaker 19: that they're coming after people who as fou as more rightling,

857
00:45:44,920 --> 00:45:47,879
Speaker 19: like libertarians and conservatives. They don't come after the far

858
00:45:48,000 --> 00:45:51,640
Speaker 19: left the pro Palestine people who are breaking actual rules.

859
00:45:51,840 --> 00:45:54,120
Speaker 20: And also just think about the price tag. Ninety three

860
00:45:54,200 --> 00:45:55,200
Speaker 20: thousand dollars a year.

861
00:45:55,440 --> 00:45:57,160
Speaker 19: Financially, it's not going to cut it for a lot

862
00:45:57,160 --> 00:45:59,320
Speaker 19: of people, and so people just can't go to Brown.

863
00:45:59,480 --> 00:46:01,280
Speaker 20: And so this is a leaders' plain and simple.

864
00:46:01,520 --> 00:46:03,839
Speaker 19: They only want to be accessible to people that are

865
00:46:03,880 --> 00:46:06,719
Speaker 19: on the coasts that can afford this price tag and

866
00:46:06,840 --> 00:46:09,839
Speaker 19: have those trendy progressive elite for perspective.

867
00:46:10,440 --> 00:46:12,400
Speaker 20: And if you think DEI is bad.

868
00:46:12,280 --> 00:46:15,000
Speaker 19: Even if you just want to criticize the blows, that's

869
00:46:15,040 --> 00:46:17,160
Speaker 19: not acceptable at a place like Brown University.

870
00:46:19,280 --> 00:46:21,080
Speaker 16: Alex, you're a good man. You're going to succeed in

871
00:46:21,160 --> 00:46:21,680
Speaker 16: whatever you want to do.

872
00:46:21,719 --> 00:46:22,920
Speaker 15: And if you if you ever want to go work

873
00:46:22,920 --> 00:46:24,520
Speaker 15: for the real dose, I'll be happy to write you

874
00:46:24,560 --> 00:46:28,200
Speaker 15: a letter recommendation. We need super geniuses and hyper patriots

875
00:46:28,200 --> 00:46:30,480
Speaker 15: like yourself that can ask the right questions.

876
00:46:30,719 --> 00:46:31,920
Speaker 16: And I want to just repeat this.

877
00:46:32,160 --> 00:46:37,080
Speaker 15: I hope you find counterparts at Cornell, Yes, Dartmouth, Blake,

878
00:46:37,280 --> 00:46:39,640
Speaker 15: but I'm sure they're not as bad Columbia. There should

879
00:46:39,640 --> 00:46:42,799
Speaker 15: be doges of every single major Ivy League school, every

880
00:46:42,800 --> 00:46:47,359
Speaker 15: school in the country. And boy, I hope Brown metaphorically

881
00:46:47,400 --> 00:46:52,680
Speaker 15: metaphorically has to be Let's just say go through a

882
00:46:52,719 --> 00:46:56,279
Speaker 15: transformational process. I'll be kinder Alex, Thanks so much, God

883
00:46:56,280 --> 00:46:56,839
Speaker 15: bless you man.

884
00:46:57,080 --> 00:46:58,080
Speaker 16: Second hour coming up.

885
00:47:13,960 --> 00:47:16,680
Speaker 17: Welcome back to this Real America's Voice news break. I'm

886
00:47:16,800 --> 00:47:20,120
Speaker 17: Terrence Bates. One can argue the fountain of youth is

887
00:47:20,160 --> 00:47:22,960
Speaker 17: inside of you. The ability to slow aging and live

888
00:47:22,960 --> 00:47:27,160
Speaker 17: a healthier lifestyle is as basic as stimulating yourselves. My

889
00:47:27,320 --> 00:47:30,080
Speaker 17: next guest has made a life and a business out

890
00:47:30,080 --> 00:47:32,440
Speaker 17: of doing just that. John Jubilee is the founder of

891
00:47:32,560 --> 00:47:35,399
Speaker 17: Energized Health. He joins me this morning with more. John

892
00:47:35,440 --> 00:47:37,120
Speaker 17: always good to see you.

893
00:47:37,239 --> 00:47:40,000
Speaker 1: Great to see you to terrace. So let's get right

894
00:47:40,040 --> 00:47:40,439
Speaker 1: to it.

895
00:47:40,600 --> 00:47:43,840
Speaker 6: Cellular hydration. That really is the fountain of youth in

896
00:47:43,880 --> 00:47:46,279
Speaker 6: your estimation, but.

897
00:47:47,200 --> 00:47:49,479
Speaker 11: It really is, Terrence. You know, think about it. Any

898
00:47:49,719 --> 00:47:53,319
Speaker 11: farmer or any gardener knows. You know, how do you

899
00:47:53,320 --> 00:47:55,520
Speaker 11: have healthy plants, How do you have a healthy farm,

900
00:47:55,560 --> 00:47:56,880
Speaker 11: How do you have a healthy garden.

901
00:47:57,480 --> 00:47:59,000
Speaker 1: It's all about hydration, right.

902
00:47:59,040 --> 00:48:01,879
Speaker 11: If you don't want the next thing, you know, first

903
00:48:01,920 --> 00:48:03,880
Speaker 11: it shrivels and then it dies.

904
00:48:04,640 --> 00:48:06,160
Speaker 1: And it's the same with us, Terrence.

905
00:48:06,200 --> 00:48:08,640
Speaker 11: If we're not hydrated, we're going to shrivel and then

906
00:48:08,680 --> 00:48:10,000
Speaker 11: we're going to be in.

907
00:48:09,960 --> 00:48:13,640
Speaker 1: Pain, and then we're gonna die. So cellular hydration is

908
00:48:13,680 --> 00:48:14,640
Speaker 1: the fountain of youth.

909
00:48:15,640 --> 00:48:18,239
Speaker 17: And it's a way to help people transform not only

910
00:48:18,280 --> 00:48:20,080
Speaker 17: their bodies but also their minds.

911
00:48:20,640 --> 00:48:21,399
Speaker 6: And you and I have.

912
00:48:21,400 --> 00:48:24,799
Speaker 17: Talked about that quite a bit, but that's also part

913
00:48:24,800 --> 00:48:27,200
Speaker 17: of the healing process. It's not just the physical, it's

914
00:48:27,239 --> 00:48:30,400
Speaker 17: also the mental. And then you can add in the spiritual.

915
00:48:29,960 --> 00:48:32,839
Speaker 20: If you'd like, Well, it really is.

916
00:48:32,960 --> 00:48:35,440
Speaker 1: You know, we're you know, God made us. You know,

917
00:48:35,520 --> 00:48:36,640
Speaker 1: he made us a spirit.

918
00:48:37,480 --> 00:48:39,520
Speaker 11: You know, we live in a body, and then we

919
00:48:39,600 --> 00:48:41,799
Speaker 11: have our soul, which is our mind, our will, and

920
00:48:41,840 --> 00:48:44,759
Speaker 11: our emotions, and we need to be healthy in all

921
00:48:44,800 --> 00:48:47,919
Speaker 11: three of those. You know, think about terrence, the fact

922
00:48:47,960 --> 00:48:52,080
Speaker 11: that if somebody a lot of times, when someone loses

923
00:48:52,280 --> 00:48:54,960
Speaker 11: a spouse of many decades that they've been married to,

924
00:48:55,840 --> 00:48:58,279
Speaker 11: it's common for them to die within one year the

925
00:48:58,360 --> 00:49:02,880
Speaker 11: other person. And why because their mental and their spiritual

926
00:49:03,760 --> 00:49:06,200
Speaker 11: side is so sad it just.

927
00:49:06,200 --> 00:49:07,840
Speaker 1: Wants to go be with the other person.

928
00:49:07,880 --> 00:49:11,000
Speaker 11: And so there is such a connection between the mind,

929
00:49:11,200 --> 00:49:16,160
Speaker 11: the body, and the spirit. The average life expectancy of

930
00:49:16,280 --> 00:49:20,280
Speaker 11: someone who retires, so when they have their their life

931
00:49:20,320 --> 00:49:23,359
Speaker 11: is tied up in their work and they retire, they

932
00:49:23,400 --> 00:49:26,719
Speaker 11: die within seven years. Well, why because they lost their

933
00:49:26,719 --> 00:49:30,000
Speaker 11: purpose in life. It's not even because they had a

934
00:49:30,000 --> 00:49:33,960
Speaker 11: physical decline. It's because their spirit is broken from losing

935
00:49:34,000 --> 00:49:37,759
Speaker 11: its purpose and the mind is sad from and not

936
00:49:37,920 --> 00:49:40,120
Speaker 11: active anymore like it used to be on that job

937
00:49:40,200 --> 00:49:42,799
Speaker 11: every day. So we need to be healthy in our mind,

938
00:49:42,880 --> 00:49:46,080
Speaker 11: our body, and our spirit. But Terrence, I'll give you

939
00:49:46,080 --> 00:49:47,680
Speaker 11: a couple of quick numbers in the Bible.

940
00:49:47,719 --> 00:49:47,959
Speaker 1: Here.

941
00:49:48,719 --> 00:49:50,920
Speaker 11: You know, Abraham lived to be one hundred and seventy

942
00:49:50,920 --> 00:49:53,520
Speaker 11: five years old, and then he had a son named Isaac.

943
00:49:53,560 --> 00:49:55,239
Speaker 1: He lived to be one hundred and eighty years old.

944
00:49:56,239 --> 00:49:58,640
Speaker 1: And then Isaac had a son named Jacob. He lived

945
00:49:58,640 --> 00:50:00,479
Speaker 1: to be one hundred and forty seven years old.

946
00:50:01,480 --> 00:50:05,200
Speaker 11: Interesting, when I could make a case the reason that

947
00:50:05,320 --> 00:50:07,680
Speaker 11: Jacob didn't live as long he thought Joseph was dead

948
00:50:07,680 --> 00:50:12,960
Speaker 11: for fourteen years. He broke his father's heart, and so

949
00:50:13,000 --> 00:50:16,880
Speaker 11: he lived about thirty years less than his father and

950
00:50:16,920 --> 00:50:19,720
Speaker 11: his grandfather. So there is such a mind body connection

951
00:50:19,800 --> 00:50:23,480
Speaker 11: with us. We got to be a sailar level and

952
00:50:23,520 --> 00:50:25,480
Speaker 11: we have to be healthy at all three areas.

953
00:50:25,960 --> 00:50:28,839
Speaker 17: Let's talk lifestyle real quickly. You've seen people get back

954
00:50:28,880 --> 00:50:32,279
Speaker 17: to doing things like hiking and biking, dancing, golfing, all

955
00:50:32,320 --> 00:50:34,120
Speaker 17: the things that they thought they had to give up

956
00:50:34,160 --> 00:50:37,359
Speaker 17: forever as a result of a body decline. So how

957
00:50:37,360 --> 00:50:40,759
Speaker 17: does cellular hydration make that possible even after years of

958
00:50:40,880 --> 00:50:43,280
Speaker 17: joint pain or fatigue or other sorts of issues.

959
00:50:45,360 --> 00:50:47,840
Speaker 11: Well, what happens here is when we get our intersalular hydration,

960
00:50:48,000 --> 00:50:51,160
Speaker 11: we regrow our cartilage and so now our joints are

961
00:50:51,200 --> 00:50:53,400
Speaker 11: back how they were when they were seventeen years old.

962
00:50:54,239 --> 00:50:57,520
Speaker 11: So the only reason people stop hiking or dancing or

963
00:50:57,960 --> 00:50:59,920
Speaker 11: doing the things they love is because they don't have

964
00:51:00,400 --> 00:51:04,080
Speaker 11: the physical strength that they used to have. But do

965
00:51:04,120 --> 00:51:07,239
Speaker 11: you know that muscle is three parts water. It's three

966
00:51:07,239 --> 00:51:10,600
Speaker 11: parts water and it's one part protein. So it's three

967
00:51:10,640 --> 00:51:13,480
Speaker 11: times more important to have sailor hydration if you want

968
00:51:13,520 --> 00:51:15,800
Speaker 11: to have lean muscle than it is even to eat

969
00:51:15,920 --> 00:51:18,279
Speaker 11: protein or lift weights.

970
00:51:19,480 --> 00:51:21,160
Speaker 1: That's the power of sailor hydration.

971
00:51:21,239 --> 00:51:24,440
Speaker 11: And so we have clients in their eighties and nineties, Terrence,

972
00:51:24,480 --> 00:51:29,000
Speaker 11: that are gaining ten fifteen pounds of solid muscle. You know,

973
00:51:29,280 --> 00:51:33,480
Speaker 11: they're climbing seven mountains, they're running these half marathons.

974
00:51:33,960 --> 00:51:34,520
Speaker 1: You know, we had a.

975
00:51:34,560 --> 00:51:37,040
Speaker 11: Ninety two year old guy he won the national champion,

976
00:51:37,120 --> 00:51:39,960
Speaker 11: the rowing Championship for seventy and over at ninety two

977
00:51:40,040 --> 00:51:42,080
Speaker 11: years old. We got an eighty five year old guy

978
00:51:42,160 --> 00:51:48,319
Speaker 11: that he qualified for the pickle ball fifty five and

979
00:51:48,400 --> 00:51:50,080
Speaker 11: over eighty five years old.

980
00:51:50,239 --> 00:51:50,799
Speaker 6: Oh my god.

981
00:51:50,800 --> 00:51:51,839
Speaker 1: We really can be.

982
00:51:51,840 --> 00:51:54,600
Speaker 11: Healthy and do the things we love at any age.

983
00:51:54,760 --> 00:51:56,680
Speaker 1: But we got to get healthy at the cellular level.

984
00:51:57,200 --> 00:52:00,200
Speaker 17: John Jubileee Energizedealth dot Com. Go there and find find

985
00:52:00,200 --> 00:52:02,640
Speaker 17: out more information. Always a pleasure, my friend. Thanks for

986
00:52:02,680 --> 00:52:03,080
Speaker 17: being here.

987
00:52:20,360 --> 00:52:24,760
Speaker 23: All right, Welcome back everybody, live from Bitcoin dot Com Studios,

988
00:52:24,760 --> 00:52:28,400
Speaker 23: sort of remote version of it here. I'm Andrew Covid,

989
00:52:28,400 --> 00:52:31,480
Speaker 23: executive producer of the Charlie Kirk Show as and I'm

990
00:52:31,520 --> 00:52:35,440
Speaker 23: joined by the one and only Blake Neff, one of

991
00:52:35,440 --> 00:52:38,319
Speaker 23: our producers here on the show. Blake, this has been

992
00:52:38,520 --> 00:52:43,680
Speaker 23: an action packed morning when it comes to the economy, financials,

993
00:52:43,760 --> 00:52:47,840
Speaker 23: the tariff war, the trade war. Charlie for those wondering,

994
00:52:47,880 --> 00:52:52,719
Speaker 23: had to depart to a campus stop and so we

995
00:52:52,719 --> 00:52:54,279
Speaker 23: were lucky to kind of squeeze him in.

996
00:52:54,880 --> 00:52:56,640
Speaker 8: Blake. You and I are going to be taking it

997
00:52:56,640 --> 00:52:57,200
Speaker 8: from here.

998
00:52:57,360 --> 00:53:00,600
Speaker 23: We also have EJ and Tony joining us at one

999
00:53:00,760 --> 00:53:05,160
Speaker 23: thirty Eastern economists from the Heritage Foundation, so that we

1000
00:53:05,200 --> 00:53:07,840
Speaker 23: have to look forward to as well. But Blake, let's

1001
00:53:07,880 --> 00:53:10,960
Speaker 23: just bring our audience up to speed. What's happened in

1002
00:53:11,040 --> 00:53:16,120
Speaker 23: the last few hours here. We have seen the largest

1003
00:53:16,200 --> 00:53:19,480
Speaker 23: just by point, maybe not by percentage, but by points,

1004
00:53:19,520 --> 00:53:22,440
Speaker 23: a twenty six hundred points swing on the Doubt was

1005
00:53:22,480 --> 00:53:25,920
Speaker 23: down like you know, let's say, fifteen hundred points. It

1006
00:53:26,160 --> 00:53:28,800
Speaker 23: swung up to as high as about eight point fifty

1007
00:53:28,880 --> 00:53:34,960
Speaker 23: eight sixty based on some rumors that President Trump was

1008
00:53:35,080 --> 00:53:39,560
Speaker 23: considering a ninety day pause in his tariff regime. That

1009
00:53:39,680 --> 00:53:43,840
Speaker 23: turned out to be fake news, fake news. But in

1010
00:53:43,880 --> 00:53:47,120
Speaker 23: the meantime, we've seen the market fluctuate. Currently it's down

1011
00:53:47,160 --> 00:53:50,319
Speaker 23: about nine forty the Dow. But here's what I would

1012
00:53:50,320 --> 00:53:53,040
Speaker 23: say to everybody out there watching wonder what the heck

1013
00:53:53,120 --> 00:53:53,719
Speaker 23: is going on.

1014
00:53:54,600 --> 00:53:59,200
Speaker 8: Don't pay too close attention to the market currently.

1015
00:53:59,320 --> 00:54:02,120
Speaker 23: There is a lot of moving pieces. There is a

1016
00:54:02,160 --> 00:54:05,800
Speaker 23: lot that is changing in and influx any given moment.

1017
00:54:06,360 --> 00:54:08,960
Speaker 8: So everybody just take a breath, breathe.

1018
00:54:09,920 --> 00:54:13,960
Speaker 23: Let's just assume that the market has factored a lot

1019
00:54:14,040 --> 00:54:16,840
Speaker 23: of this stuff in. There will continue to be market

1020
00:54:16,880 --> 00:54:23,319
Speaker 23: shifts and fluctuations. Nevertheless, we don't know where all this is.

1021
00:54:23,280 --> 00:54:23,640
Speaker 8: Going to go.

1022
00:54:23,800 --> 00:54:26,040
Speaker 23: We don't know where it's going to land. But the

1023
00:54:26,080 --> 00:54:29,640
Speaker 23: sky is not falling, I assure you, despite a lot

1024
00:54:29,680 --> 00:54:37,600
Speaker 23: of prognosticators and economists ataalizing on the internet, afaalizing on

1025
00:54:38,320 --> 00:54:39,799
Speaker 23: business shows and the like.

1026
00:54:39,880 --> 00:54:41,759
Speaker 8: So, Blake, I want to get your take on this.

1027
00:54:41,960 --> 00:54:44,880
Speaker 23: I know that you are, let's just say, in the

1028
00:54:44,960 --> 00:54:48,239
Speaker 23: spectrum of pro tariff or anti tariff, you're sort of,

1029
00:54:48,760 --> 00:54:52,160
Speaker 23: I would say, somewhere in the middle. So I'm curious

1030
00:54:52,160 --> 00:54:55,160
Speaker 23: about your take of what you've seen this morning. We

1031
00:54:55,320 --> 00:54:59,400
Speaker 23: were on chats Sunday night basically predicting, I would say,

1032
00:55:00,040 --> 00:55:05,839
Speaker 23: a much bigger market collapse than what we've ultimately seen. Now,

1033
00:55:05,840 --> 00:55:08,160
Speaker 23: the day's not done yet, it's about we're down eight

1034
00:55:08,320 --> 00:55:10,160
Speaker 23: forty as I'm looking at it right now.

1035
00:55:10,200 --> 00:55:12,640
Speaker 8: What is your take on the news that's unfolded so far.

1036
00:55:13,480 --> 00:55:15,319
Speaker 16: Well, it's been back and forth all day.

1037
00:55:16,040 --> 00:55:18,759
Speaker 24: The line I saw was when there was basically a

1038
00:55:18,800 --> 00:55:22,960
Speaker 24: false report that a ninety day pause was likely or imminent,

1039
00:55:23,320 --> 00:55:27,759
Speaker 24: the overall stock markets rose about true trillion dollars in

1040
00:55:27,840 --> 00:55:31,920
Speaker 24: value and three yeah, three trillion maybe, And you know,

1041
00:55:32,040 --> 00:55:35,000
Speaker 24: it's gone up and down, up and down all the day.

1042
00:55:35,040 --> 00:55:37,759
Speaker 24: And I think probably the reason it's more moderate is

1043
00:55:37,920 --> 00:55:41,319
Speaker 24: I think there's a greater sense that some sort of

1044
00:55:41,360 --> 00:55:44,080
Speaker 24: deals are likely to be made. We have the European

1045
00:55:44,200 --> 00:55:47,400
Speaker 24: Union offering to junk a bunch of tariffs. We have

1046
00:55:47,680 --> 00:55:51,040
Speaker 24: Vietnam offering to eliminate all tariffs if they can make

1047
00:55:51,040 --> 00:55:53,640
Speaker 24: a deal. And we have Trump saying we're basically open

1048
00:55:53,719 --> 00:55:56,600
Speaker 24: to negotiating with every country that isn't China. And if

1049
00:55:56,640 --> 00:56:00,400
Speaker 24: you take the US trade deficit, you know, most trade

1050
00:56:00,520 --> 00:56:02,360
Speaker 24: the US does is not with China. So if you

1051
00:56:03,320 --> 00:56:06,160
Speaker 24: reduce the range of trade war from every single country

1052
00:56:06,200 --> 00:56:08,920
Speaker 24: in the world to just China, that's undoing a lot

1053
00:56:09,000 --> 00:56:13,400
Speaker 24: of what we've announced in the past week. As you said,

1054
00:56:13,520 --> 00:56:15,200
Speaker 24: I'm you know, more in the middle on this. I

1055
00:56:15,239 --> 00:56:17,319
Speaker 24: would say, what I feel, and what a lot of

1056
00:56:17,320 --> 00:56:22,440
Speaker 24: people feel concerned about, is the sense that this was

1057
00:56:22,560 --> 00:56:24,600
Speaker 24: like just taking a giant like it was like they

1058
00:56:24,680 --> 00:56:28,440
Speaker 24: wanted to pit push one single button to achieve everything

1059
00:56:28,440 --> 00:56:31,319
Speaker 24: they wanted to do. You know, there's been reporting that

1060
00:56:31,920 --> 00:56:34,319
Speaker 24: one of the offices in the Trump White House they

1061
00:56:34,320 --> 00:56:36,680
Speaker 24: actually did go and they figured out what would a

1062
00:56:36,719 --> 00:56:40,160
Speaker 24: reciprocal tariff be on every tariff on US goods, So

1063
00:56:40,200 --> 00:56:42,960
Speaker 24: they you know, they look at what actual tariffs are

1064
00:56:43,000 --> 00:56:45,920
Speaker 24: they imposing in France, what are they imposing in Vietnam,

1065
00:56:45,960 --> 00:56:49,600
Speaker 24: what are they imposing in Great Britain, and so on,

1066
00:56:49,760 --> 00:56:52,320
Speaker 24: and then they were going to match those point for point,

1067
00:56:52,880 --> 00:56:56,480
Speaker 24: and then apparently the White House just thought that's now,

1068
00:56:56,600 --> 00:56:58,960
Speaker 24: let's just go for the easiest one, and so they

1069
00:56:58,960 --> 00:57:03,000
Speaker 24: did this trade deficit based calculation. And what's missing from

1070
00:57:03,000 --> 00:57:05,200
Speaker 24: that is what do we say our goal here is

1071
00:57:05,280 --> 00:57:10,320
Speaker 24: our goal is to bring more manufacturing back to America.

1072
00:57:10,480 --> 00:57:13,640
Speaker 24: But when it's just like this, it's not finely tuned

1073
00:57:13,640 --> 00:57:17,919
Speaker 24: to that purpose. So for example, you're not you're doing

1074
00:57:17,920 --> 00:57:20,600
Speaker 24: a flat tariff on everything. You're not doing, for example,

1075
00:57:20,720 --> 00:57:24,480
Speaker 24: a tariff on finished goods, but then no tariff on

1076
00:57:24,600 --> 00:57:27,880
Speaker 24: raw materials that would encourage people to bring raw materials

1077
00:57:27,920 --> 00:57:31,360
Speaker 24: into the US and then make stuff here. Instead, it's

1078
00:57:31,360 --> 00:57:36,720
Speaker 24: just basically a hike on everything, very abruptly, and I

1079
00:57:36,760 --> 00:57:38,440
Speaker 24: think a lot of people are very worried about what

1080
00:57:38,480 --> 00:57:39,720
Speaker 24: the impact of that will be.

1081
00:57:41,000 --> 00:57:41,200
Speaker 6: Yeah.

1082
00:57:41,280 --> 00:57:43,720
Speaker 23: No, And I think that is one of the critiques

1083
00:57:43,760 --> 00:57:46,400
Speaker 23: that I've heard floated that it's a you know, a

1084
00:57:46,440 --> 00:57:49,080
Speaker 23: sledgehammer when a scalpel was needed, and that sort of thing.

1085
00:57:49,120 --> 00:57:53,240
Speaker 23: And I will say that listen, you know, President Trump,

1086
00:57:54,600 --> 00:57:57,120
Speaker 23: he did not hide that this was going to happen.

1087
00:57:57,160 --> 00:57:59,120
Speaker 8: Now, we didn't understand the details or how.

1088
00:57:59,000 --> 00:58:02,840
Speaker 23: It was going to be, you know, sort of put

1089
00:58:02,880 --> 00:58:04,640
Speaker 23: into place, put into practice.

1090
00:58:04,840 --> 00:58:06,480
Speaker 8: Nevertheless, this is not a mystery.

1091
00:58:06,520 --> 00:58:09,160
Speaker 23: President Trump has been very very clear about this, and I,

1092
00:58:09,280 --> 00:58:11,920
Speaker 23: you know, I happen to and I mean, Blake, you

1093
00:58:11,960 --> 00:58:14,120
Speaker 23: and I have talked about this privately. I am a

1094
00:58:14,160 --> 00:58:17,840
Speaker 23: true believer in this, in this strategy. I hear every

1095
00:58:17,920 --> 00:58:21,320
Speaker 23: one of the pushbacks, and I absolutely, you.

1096
00:58:21,240 --> 00:58:21,920
Speaker 8: Know, disagree.

1097
00:58:21,960 --> 00:58:23,840
Speaker 23: I will say, you know, they could have done it

1098
00:58:23,880 --> 00:58:26,080
Speaker 23: without so much pomp and circumstance. They could have just

1099
00:58:26,120 --> 00:58:29,800
Speaker 23: done it quietly and done it country by country. I

1100
00:58:29,800 --> 00:58:33,200
Speaker 23: would have been fine with that. But directionally, here's what

1101
00:58:33,480 --> 00:58:37,040
Speaker 23: I mean. I completely agree that there needed to be

1102
00:58:37,600 --> 00:58:40,920
Speaker 23: as Jack Posovic calls, a reset of the great reset.

1103
00:58:41,040 --> 00:58:43,400
Speaker 23: We needed a reset of the way that we do

1104
00:58:43,480 --> 00:58:46,720
Speaker 23: business with our trading partners. And I do believe that

1105
00:58:47,240 --> 00:58:51,280
Speaker 23: President Trump's art of the deal brinkmanship can be unnerving

1106
00:58:51,480 --> 00:58:52,160
Speaker 23: for the market.

1107
00:58:52,240 --> 00:58:54,800
Speaker 8: It can be unnerving for many people that are just

1108
00:58:54,920 --> 00:58:59,600
Speaker 8: watching it. Take place. But the base that voted for

1109
00:58:59,680 --> 00:59:02,120
Speaker 8: Trump wanted change, and.

1110
00:59:02,120 --> 00:59:05,120
Speaker 23: There is there are clips after clips after clips of

1111
00:59:05,560 --> 00:59:10,680
Speaker 23: you know, farmers, beef ranchers that are saying yes, thank

1112
00:59:10,720 --> 00:59:13,160
Speaker 23: you because all of these other countries have been able

1113
00:59:13,160 --> 00:59:16,720
Speaker 23: to sell into America for years, and you know, we

1114
00:59:16,800 --> 00:59:21,280
Speaker 23: haven't been able to do the same to those countries Australia, Argentina, whatever.

1115
00:59:21,840 --> 00:59:26,280
Speaker 23: This is recalibrating different parts of the economy and that's

1116
00:59:26,320 --> 00:59:26,760
Speaker 23: going to.

1117
00:59:26,800 --> 00:59:28,600
Speaker 8: Be rough and bumpy for a little while.

1118
00:59:28,960 --> 00:59:31,680
Speaker 23: But I think what is very clear after this morning

1119
00:59:31,760 --> 00:59:35,360
Speaker 23: is that President Trump is dead serious Peter Navarro's Dead

1120
00:59:35,400 --> 00:59:39,160
Speaker 23: series Howard Letnik is dead serious about resetting and recalibrating

1121
00:59:39,520 --> 00:59:41,200
Speaker 23: a lot of these trade negotiations.

1122
00:59:41,200 --> 00:59:42,680
Speaker 8: Now, one of the.

1123
00:59:42,720 --> 00:59:46,120
Speaker 23: Pieces of news that came across the wire this morning

1124
00:59:46,520 --> 00:59:49,560
Speaker 23: was out of the EU. Okay, so I'm gonna go

1125
00:59:49,560 --> 00:59:51,720
Speaker 23: go ahead and play this clip. This is what I

1126
00:59:51,760 --> 00:59:53,920
Speaker 23: think is a good sign, and I'll explain on the

1127
00:59:53,920 --> 00:59:54,480
Speaker 23: other side of it.

1128
00:59:54,480 --> 00:59:55,280
Speaker 8: One thirty six.

1129
00:59:56,440 --> 00:59:59,800
Speaker 25: We stand ready to negotiate with the United States. Indeed,

1130
00:59:59,840 --> 01:00:03,640
Speaker 25: we have offered zero for zero terriffs for industrial goods,

1131
01:00:03,720 --> 01:00:07,240
Speaker 25: as we have successfully done with many other trading partners.

1132
01:00:07,520 --> 01:00:10,680
Speaker 25: Because Europe is always ready for a good deal, so

1133
01:00:10,960 --> 01:00:13,480
Speaker 25: we keep it on the table, but we are also

1134
01:00:13,560 --> 01:00:18,120
Speaker 25: prepared to respond through countermeasures and defend our interests.

1135
01:00:19,800 --> 01:00:22,880
Speaker 8: So this was European commissioned President Ursula.

1136
01:00:23,200 --> 01:00:26,919
Speaker 23: That's quite the name Von der Leyan And she says

1137
01:00:26,960 --> 01:00:30,560
Speaker 23: the EU stands ready for a zero for zero terroriff deal. Now,

1138
01:00:30,960 --> 01:00:33,200
Speaker 23: you know, she makes it sound like this is something

1139
01:00:33,240 --> 01:00:35,800
Speaker 23: they do all the time. Everything's fine. I don't know

1140
01:00:35,800 --> 01:00:38,040
Speaker 23: why we couldn't have just, you know, gotten together and

1141
01:00:38,120 --> 01:00:38,919
Speaker 23: hammered this out.

1142
01:00:39,200 --> 01:00:40,240
Speaker 8: Well, here's the problem.

1143
01:00:40,400 --> 01:00:43,880
Speaker 23: They couldn't hammer this out because the EU are really

1144
01:00:43,880 --> 01:00:48,160
Speaker 23: good negotiators. The United States has been locked in by

1145
01:00:48,160 --> 01:00:52,280
Speaker 23: a free trading I would say cult that sold a

1146
01:00:52,280 --> 01:00:53,760
Speaker 23: lot of our workers down the river.

1147
01:00:54,160 --> 01:00:55,360
Speaker 8: Meanwhile, EU has been.

1148
01:00:55,360 --> 01:00:58,920
Speaker 23: Very strategic about protecting its industry. And so why is

1149
01:00:58,960 --> 01:01:01,240
Speaker 23: she willing to say this now? Now she's willing to

1150
01:01:01,240 --> 01:01:04,240
Speaker 23: say it because President Trump is playing hardball and the

1151
01:01:04,280 --> 01:01:06,880
Speaker 23: world is quickly catching up to the fact that we're

1152
01:01:07,200 --> 01:01:11,200
Speaker 23: not messing around. Now, Yeah, we've lost trillions in market

1153
01:01:11,280 --> 01:01:14,439
Speaker 23: value over this trade war.

1154
01:01:15,040 --> 01:01:17,800
Speaker 8: These tariff this tariff policy to.

1155
01:01:18,000 --> 01:01:21,600
Speaker 23: Adjust essentially a one to one point five trillion dollar

1156
01:01:21,760 --> 01:01:24,040
Speaker 23: trade deficit and a lot of people say eight trillion

1157
01:01:24,080 --> 01:01:27,120
Speaker 23: dollars in market cap is not worth a one point

1158
01:01:27,120 --> 01:01:30,240
Speaker 23: five trillion dollar trade deficit. You have to expand that

1159
01:01:30,320 --> 01:01:33,360
Speaker 23: over years, folks, And you have to also assume the

1160
01:01:33,480 --> 01:01:37,040
Speaker 23: human price that has been paid as a result over

1161
01:01:37,200 --> 01:01:41,120
Speaker 23: years of these trade tariffs and these trade barriers that

1162
01:01:41,160 --> 01:01:42,120
Speaker 23: these countries put up.

1163
01:01:42,240 --> 01:01:44,640
Speaker 8: So guess what, as soon as we.

1164
01:01:44,600 --> 01:01:46,560
Speaker 23: Get resolution on this, you're going to see that market

1165
01:01:46,600 --> 01:01:49,720
Speaker 23: cap shoot right back up more for the Charlie Kirk

1166
01:01:49,800 --> 01:01:50,920
Speaker 23: Show will be right.

1167
01:01:50,760 --> 01:02:03,760
Speaker 14: Back at our researchers than the CDC. Yeah, may not

1168
01:02:03,880 --> 01:02:06,720
Speaker 14: be saying much. It's the Charlie Kirk.

1169
01:02:06,480 --> 01:02:10,080
Speaker 23: Show, all right, Welcome back to Charlie Kirkshow Andrew colvit

1170
01:02:10,320 --> 01:02:14,120
Speaker 23: in for the one and only Charlie Kirk at our

1171
01:02:14,360 --> 01:02:19,480
Speaker 23: mobile Bitcoin dot com studio Here. This is actually a

1172
01:02:19,520 --> 01:02:23,280
Speaker 23: pretty relevant point to bring up. I'm gonna tell you

1173
01:02:23,320 --> 01:02:26,840
Speaker 23: about whyrefly dot com. There is billions and billions of

1174
01:02:26,880 --> 01:02:30,080
Speaker 23: dollars in private student loan debt, and by the way,

1175
01:02:30,120 --> 01:02:32,760
Speaker 23: the total is about three hundred billion dollars of student

1176
01:02:32,800 --> 01:02:35,760
Speaker 23: loan debt. About forty five billion of that is labeled

1177
01:02:35,760 --> 01:02:41,480
Speaker 23: as distressed. Why REFI, whyrefight dot com refinances distressed or

1178
01:02:41,560 --> 01:02:45,440
Speaker 23: defaulted private student loans that other people won't touch. And

1179
01:02:45,480 --> 01:02:49,320
Speaker 23: actually why refle is out right now with Charlie in

1180
01:02:49,360 --> 01:02:52,360
Speaker 23: the field doing a campus stop, and we're very excited

1181
01:02:52,360 --> 01:02:56,040
Speaker 23: about them. Great partners of the show, Great partners of

1182
01:02:56,080 --> 01:03:01,120
Speaker 23: the show, great partners of Turning Point and of Charlie.

1183
01:03:01,160 --> 01:03:03,560
Speaker 8: So please check out why refight dot Com.

1184
01:03:03,600 --> 01:03:07,080
Speaker 23: They can reduce your monthly payment and guarantee interest rates

1185
01:03:07,200 --> 01:03:10,320
Speaker 23: under six percent, ensuring that it's affordable that you can

1186
01:03:10,360 --> 01:03:12,480
Speaker 23: actually take care of the monthly payment.

1187
01:03:12,560 --> 01:03:14,320
Speaker 8: So whyrefight dot com?

1188
01:03:14,320 --> 01:03:16,720
Speaker 23: If you are one of those people that has distressed

1189
01:03:16,760 --> 01:03:19,640
Speaker 23: private student loan debt, of which there are so many

1190
01:03:19,720 --> 01:03:22,560
Speaker 23: of you, there's about forty five billion dollars on the market.

1191
01:03:22,600 --> 01:03:26,200
Speaker 23: They can refinance it for you when anybody else out

1192
01:03:26,200 --> 01:03:27,000
Speaker 23: on the market.

1193
01:03:26,680 --> 01:03:27,439
Speaker 8: Will not do it.

1194
01:03:27,520 --> 01:03:33,560
Speaker 23: So please check out why refit dot com. Yrefit dot com.

1195
01:03:34,400 --> 01:03:36,400
Speaker 23: If you feel stuck, you don't have to feel stuck,

1196
01:03:36,560 --> 01:03:39,680
Speaker 23: check it out. Please check out why refit dot Com.

1197
01:03:39,720 --> 01:03:42,760
Speaker 23: All right, so much more to get to this hour,

1198
01:03:42,840 --> 01:03:45,160
Speaker 23: so much breaking news, and again we have EJ and

1199
01:03:45,320 --> 01:03:49,480
Speaker 23: Tony joined and Tony joining us at one point thirty eastern,

1200
01:03:49,520 --> 01:03:53,160
Speaker 23: So you're gonna want to stick around for that great economists.

1201
01:03:53,920 --> 01:03:56,560
Speaker 23: And one other point I want to make here, Blake

1202
01:03:57,240 --> 01:03:58,840
Speaker 23: and I said this to the break, and we're gonna

1203
01:03:58,840 --> 01:04:01,120
Speaker 23: get in the Bill Acman stuff. We when we have

1204
01:04:01,320 --> 01:04:05,760
Speaker 23: the when we join back. This is if you are

1205
01:04:05,840 --> 01:04:08,600
Speaker 23: worried about how many trillions, if you hear them, bring

1206
01:04:08,680 --> 01:04:10,560
Speaker 23: up how many trillions has.

1207
01:04:10,440 --> 01:04:12,680
Speaker 8: Been wiped away in net wealth on the market.

1208
01:04:13,360 --> 01:04:15,600
Speaker 23: Just see you as soon as there was a ninety

1209
01:04:15,680 --> 01:04:19,600
Speaker 23: day pause, three trillion dollars rush back into the market

1210
01:04:19,600 --> 01:04:23,880
Speaker 23: in about ten minutes. So just everybody take a breath,

1211
01:04:23,920 --> 01:04:38,680
Speaker 23: stay the course, We'll be right back, right back. Charlie

1212
01:04:38,720 --> 01:04:43,880
Speaker 23: kirkshow second parce Andrew Colvitt into Charlie the Bubble Bitcoin.

1213
01:04:43,600 --> 01:04:44,480
Speaker 8: Dot Com Studios.

1214
01:04:44,520 --> 01:04:50,040
Speaker 23: I'm joined by Blake nef extraordinaire Rome historian who has

1215
01:04:50,080 --> 01:04:51,560
Speaker 23: studied the fall of nations.

1216
01:04:51,800 --> 01:04:55,160
Speaker 8: Blake is the sky falling? What does Bill Ackman say?

1217
01:04:55,520 --> 01:04:57,960
Speaker 8: Ray write down this whole Bill Ackman story for.

1218
01:04:58,000 --> 01:05:00,640
Speaker 24: Us, of course, of course, so Bill ac he's a

1219
01:05:01,240 --> 01:05:04,320
Speaker 24: Wall Street veteran, very opinionated. He's been a guy a

1220
01:05:04,400 --> 01:05:07,360
Speaker 24: very loud voice on Twitter and then X over the

1221
01:05:07,440 --> 01:05:10,440
Speaker 24: past few years. He very notably was one of the

1222
01:05:11,240 --> 01:05:15,200
Speaker 24: sort of He's generally mostly a Democrat donor historically, and

1223
01:05:15,240 --> 01:05:17,880
Speaker 24: he is one of the most prominent voices who shifted

1224
01:05:18,200 --> 01:05:22,640
Speaker 24: towards being a pretty vocal Trump supporter. In twenty twenty four,

1225
01:05:22,920 --> 01:05:27,440
Speaker 24: he denounced DEI. He was very involved in attacking universities

1226
01:05:27,520 --> 01:05:30,840
Speaker 24: like Harvard after the ten to seven attacks. So he's

1227
01:05:30,840 --> 01:05:34,000
Speaker 24: a guy who generally in the middle has moved towards

1228
01:05:34,000 --> 01:05:36,360
Speaker 24: supporting the right, probably a good barometer of like the

1229
01:05:36,520 --> 01:05:37,760
Speaker 24: centrist Wall.

1230
01:05:37,560 --> 01:05:38,920
Speaker 8: Street money person.

1231
01:05:39,520 --> 01:05:45,160
Speaker 24: And he has been pretty upset about the tariff announcement,

1232
01:05:45,200 --> 01:05:47,800
Speaker 24: and he's been on a tear the last couple of days.

1233
01:05:48,160 --> 01:05:50,520
Speaker 24: On x He had a very long post last night

1234
01:05:50,560 --> 01:05:53,080
Speaker 24: that's already over twelve million views. I can't read the

1235
01:05:53,080 --> 01:05:56,000
Speaker 24: whole thing, wanted to get to a few excerpts from it.

1236
01:05:56,680 --> 01:05:59,280
Speaker 24: He says that you know, the country is one hundred

1237
01:05:59,320 --> 01:06:03,080
Speaker 24: percent behind President Trump on fixing a global system of

1238
01:06:03,200 --> 01:06:07,560
Speaker 24: tariffs that has disadvantaged the country. But he says business

1239
01:06:07,640 --> 01:06:12,440
Speaker 24: is a confidence game, and confidence depends on trust. He

1240
01:06:12,480 --> 01:06:16,640
Speaker 24: continues later by placing massive and disproportionate tariffs on our

1241
01:06:16,680 --> 01:06:20,240
Speaker 24: friends and our enemies alike, and thereby launching a global

1242
01:06:20,280 --> 01:06:23,400
Speaker 24: economic war against the whole world at once. We are

1243
01:06:23,480 --> 01:06:27,320
Speaker 24: in the process of destroying confidence in our country as

1244
01:06:27,360 --> 01:06:29,680
Speaker 24: a trading partner, as a place to do business, and

1245
01:06:29,720 --> 01:06:33,640
Speaker 24: as a market to invest capital. He continues further down,

1246
01:06:34,080 --> 01:06:37,480
Speaker 24: what CEO and what board of directors will be comfortable

1247
01:06:37,520 --> 01:06:42,160
Speaker 24: making large, long term economic commitments in the United States

1248
01:06:42,480 --> 01:06:45,320
Speaker 24: in the middle of an economic nuclear war. That's the

1249
01:06:45,440 --> 01:06:48,560
Speaker 24: term he uses. He says, it's not just big companies

1250
01:06:48,560 --> 01:06:52,360
Speaker 24: that will suffer. Small and medium sized businesses will experience

1251
01:06:52,680 --> 01:06:56,880
Speaker 24: much greater pain because almost no business can pass through

1252
01:06:56,880 --> 01:07:00,360
Speaker 24: an overnight massive increase in the cost of business, and

1253
01:07:00,400 --> 01:07:04,120
Speaker 24: they can't pass that on to their customers. So he's

1254
01:07:04,360 --> 01:07:07,360
Speaker 24: long story short, He's saying the president has an opportunity

1255
01:07:07,360 --> 01:07:09,800
Speaker 24: on Monday. He was saying this yesterday to call a

1256
01:07:09,880 --> 01:07:14,280
Speaker 24: timeout and have time to execute unfixing an unfair tariff system.

1257
01:07:14,640 --> 01:07:17,680
Speaker 24: And he got pretty angry because just a short time

1258
01:07:17,720 --> 01:07:20,440
Speaker 24: after he posted this, he then followed up and he said,

1259
01:07:20,800 --> 01:07:23,160
Speaker 24: I just figured out why Howard Lutnik in the Trump

1260
01:07:23,200 --> 01:07:26,400
Speaker 24: administration is indifferent to the stock market crashing.

1261
01:07:26,880 --> 01:07:29,320
Speaker 16: He and Canter Fitzgerald, the company that he was.

1262
01:07:29,280 --> 01:07:34,000
Speaker 24: From, are long bonds. He profits when our economy implodes

1263
01:07:34,280 --> 01:07:36,800
Speaker 24: it's a bad idea to pick a Secretary of Commerce

1264
01:07:36,960 --> 01:07:40,400
Speaker 24: whose firm is levered on long fixed income. It is

1265
01:07:40,440 --> 01:07:45,200
Speaker 24: an irreconcilable conflict of interest. And then this morning he

1266
01:07:45,240 --> 01:07:47,800
Speaker 24: walked back from that, he said it was unfair of

1267
01:07:47,840 --> 01:07:50,840
Speaker 24: me to lash out at Howard Lutnik. I don't think

1268
01:07:50,840 --> 01:07:53,160
Speaker 24: he is pursuing his self interest. I'm sure he is

1269
01:07:53,200 --> 01:07:55,800
Speaker 24: doing the best he can. It is not an easy job.

1270
01:07:56,040 --> 01:07:59,880
Speaker 24: But I am just I Bill Lackman am frustrated watching

1271
01:08:00,160 --> 01:08:03,320
Speaker 24: I believe to be a major policy error occur after

1272
01:08:03,360 --> 01:08:06,680
Speaker 24: our country and our president have been making huge economic

1273
01:08:06,720 --> 01:08:09,480
Speaker 24: progress and that is now at risk due to tariffs.

1274
01:08:09,520 --> 01:08:10,480
Speaker 6: So this is just.

1275
01:08:10,480 --> 01:08:14,200
Speaker 24: One guy, but he is speaking for a lot of people.

1276
01:08:14,200 --> 01:08:16,759
Speaker 24: I think there's a lot of people who are very

1277
01:08:16,800 --> 01:08:20,439
Speaker 24: anxious about what the tariff policy is. They're warning that

1278
01:08:20,640 --> 01:08:23,920
Speaker 24: this will have dramatic consequences if it's not paused or

1279
01:08:24,000 --> 01:08:26,519
Speaker 24: mitigated in some way, and we can see their angst

1280
01:08:26,520 --> 01:08:27,960
Speaker 24: playing out in the markets every day.

1281
01:08:28,720 --> 01:08:31,160
Speaker 23: Well, and I will agree with Actman. I think he's

1282
01:08:31,160 --> 01:08:35,519
Speaker 23: a very smart guy. I don't necessarily think he's a

1283
01:08:35,600 --> 01:08:40,320
Speaker 23: true believer in sort of reforming reshaping the American economy,

1284
01:08:40,600 --> 01:08:43,400
Speaker 23: especially with our trade deficits, I think he likes it.

1285
01:08:43,880 --> 01:08:45,920
Speaker 8: I don't know that he's got the.

1286
01:08:47,800 --> 01:08:52,599
Speaker 23: Guts or the true belief and the conviction to stay

1287
01:08:52,600 --> 01:08:53,200
Speaker 23: the course.

1288
01:08:53,000 --> 01:08:55,280
Speaker 8: When it gets rocky. And I'm a little bit different

1289
01:08:55,280 --> 01:08:55,760
Speaker 8: in that way.

1290
01:08:56,320 --> 01:08:58,400
Speaker 23: I think, you know where I will agree with him

1291
01:08:58,439 --> 01:09:03,120
Speaker 23: is that business is markets need predictability, and so the

1292
01:09:03,200 --> 01:09:05,599
Speaker 23: sooner that we can get to a predictable.

1293
01:09:05,040 --> 01:09:07,679
Speaker 8: Baseline, the better it will be long term.

1294
01:09:07,720 --> 01:09:10,920
Speaker 23: And so whether that baseline is the ten percent tariff

1295
01:09:10,960 --> 01:09:14,040
Speaker 23: across the board, so be it, or if we're going

1296
01:09:14,120 --> 01:09:17,559
Speaker 23: to have right now Trump, you know, basically what happened

1297
01:09:17,600 --> 01:09:19,439
Speaker 23: with China to bring the audience up to speak with

1298
01:09:19,479 --> 01:09:21,560
Speaker 23: that is we essentially had fifty.

1299
01:09:21,320 --> 01:09:23,760
Speaker 8: Four percent tariffs on China. They reciprocal.

1300
01:09:23,840 --> 01:09:28,280
Speaker 23: They came back with reciprocal tariffs or you know, retaliatory

1301
01:09:28,320 --> 01:09:29,799
Speaker 23: tariffs of thirty four percent.

1302
01:09:30,800 --> 01:09:33,000
Speaker 8: Trump now went true social.

1303
01:09:32,760 --> 01:09:34,519
Speaker 23: And said, listen, we're going to hit you with an

1304
01:09:34,560 --> 01:09:38,400
Speaker 23: additional tariff of fifty percent, which would essentially put the

1305
01:09:38,520 --> 01:09:41,640
Speaker 23: tariff over one hundred percent on Chinese imported goods. I

1306
01:09:41,680 --> 01:09:44,960
Speaker 23: think China is his number one nemesis here that he

1307
01:09:45,040 --> 01:09:48,080
Speaker 23: wants to take off the chessboard, and he's playing some

1308
01:09:48,280 --> 01:09:51,479
Speaker 23: high risk poker. There's no doubt about it, basically saying

1309
01:09:51,560 --> 01:09:57,000
Speaker 23: China cannot survive if without being able to trade all

1310
01:09:57,040 --> 01:09:59,000
Speaker 23: these goods into the United States. Now, there's going to

1311
01:09:59,000 --> 01:10:03,799
Speaker 23: be other problems for us that comes along with China

1312
01:10:04,200 --> 01:10:05,679
Speaker 23: having supply chain issues into.

1313
01:10:05,560 --> 01:10:08,320
Speaker 8: The United States. But that is the number one though

1314
01:10:08,479 --> 01:10:09,400
Speaker 8: that Trump is after.

1315
01:10:09,439 --> 01:10:14,200
Speaker 23: It's very very clear. So I happen to think that listen,

1316
01:10:14,240 --> 01:10:15,240
Speaker 23: this guy's not falling.

1317
01:10:15,280 --> 01:10:17,760
Speaker 8: It's gonna get bumpy, but we got to stay the

1318
01:10:17,760 --> 01:10:20,800
Speaker 8: course right now, We'll be right back. Cantoni joins us.

1319
01:10:20,840 --> 01:10:30,920
Speaker 17: Next, Terrence Bates here with your Real America's Voice News Break.

1320
01:10:30,960 --> 01:10:33,559
Speaker 6: Thanks so much for joining us today.

1321
01:10:34,200 --> 01:10:37,000
Speaker 17: We begin with a view of the White House. President

1322
01:10:37,080 --> 01:10:40,759
Speaker 17: Trump hosting his latest high profile visitor is rarely Prime

1323
01:10:40,840 --> 01:10:44,000
Speaker 17: Minister Benjamin Netanyao, who arriving in the White House about

1324
01:10:44,040 --> 01:10:46,000
Speaker 17: five minutes ago. You can see him pulling up in

1325
01:10:46,000 --> 01:10:49,000
Speaker 17: the car here only to be met by President Trump.

1326
01:10:49,040 --> 01:10:52,240
Speaker 17: The two exchanged a couple of quick nighte andry pleasantries

1327
01:10:52,280 --> 01:10:55,080
Speaker 17: excuse me, before ultimately walking in the door. There at

1328
01:10:55,120 --> 01:10:57,600
Speaker 17: the White House, we of course are waiting for the

1329
01:10:57,680 --> 01:11:00,320
Speaker 17: two to host the news conference in the city down

1330
01:11:00,360 --> 01:11:03,200
Speaker 17: here in short order, the moment that happens will take

1331
01:11:03,240 --> 01:11:05,439
Speaker 17: you there live. But as you can see the two

1332
01:11:05,479 --> 01:11:08,200
Speaker 17: men shaking hands here, waving to the media, and then

1333
01:11:08,600 --> 01:11:10,639
Speaker 17: entering the White House where they're going to be meeting

1334
01:11:10,800 --> 01:11:12,960
Speaker 17: and discussing a number of issues. We expect that they'll

1335
01:11:12,960 --> 01:11:16,360
Speaker 17: talk about Iran, obviously, the situation in Gaza and the

1336
01:11:16,439 --> 01:11:19,839
Speaker 17: latest tariffs that the Trump administration is put on Israel,

1337
01:11:19,880 --> 01:11:21,880
Speaker 17: as well as the rest of the country. Again, a

1338
01:11:21,920 --> 01:11:24,200
Speaker 17: live report from the White House coming up here in

1339
01:11:24,240 --> 01:11:27,120
Speaker 17: short order will take you there. In the meantime, dozens

1340
01:11:27,160 --> 01:11:29,840
Speaker 17: of countries are reportedly ready to negotiate in the face

1341
01:11:29,880 --> 01:11:34,000
Speaker 17: of President Trump's tariffs. Taiwan's president is offering zero tariffs

1342
01:11:34,120 --> 01:11:37,240
Speaker 17: in return for the US dropping its trade barriers, and

1343
01:11:37,280 --> 01:11:40,120
Speaker 17: as I just said, Israeli Prime Minister Benjamin at Yahoo

1344
01:11:40,160 --> 01:11:42,600
Speaker 17: already at the White House right now looking for a

1345
01:11:42,640 --> 01:11:46,479
Speaker 17: reprieve from the seventeen percent tariffs against his country. When

1346
01:11:46,479 --> 01:11:49,360
Speaker 17: it comes to China and the European Union, the President

1347
01:11:49,400 --> 01:11:52,599
Speaker 17: says his tariffs are all about leveling the playing field

1348
01:11:52,800 --> 01:11:54,719
Speaker 17: after being ripped off for years.

1349
01:11:55,400 --> 01:12:00,200
Speaker 18: We have massive surplus countries that we're dealing with. We

1350
01:12:00,240 --> 01:12:04,040
Speaker 18: have massive deficities We've got to straighten that out because

1351
01:12:04,040 --> 01:12:06,000
Speaker 18: you can't continue to be that Whi's been that way

1352
01:12:06,040 --> 01:12:09,040
Speaker 18: for years now and it can't go on any longer.

1353
01:12:09,760 --> 01:12:12,440
Speaker 18: And with the Biggie Bank, we have all the advantages.

1354
01:12:13,120 --> 01:12:15,040
Speaker 18: If we get martage for a second, we have all

1355
01:12:15,080 --> 01:12:17,080
Speaker 18: the advantages we'll getting straight out. We're going to become

1356
01:12:17,080 --> 01:12:20,839
Speaker 18: a wealthy nation again, wealthy like never before.

1357
01:12:22,479 --> 01:12:26,040
Speaker 17: US customs officials are reportedly collecting the across the board

1358
01:12:26,080 --> 01:12:30,439
Speaker 17: ten percent tariffs already. The higher reciprocal tariffs of between

1359
01:12:30,479 --> 01:12:33,840
Speaker 17: eleven and fifty percent on individual countries are set to

1360
01:12:33,880 --> 01:12:38,360
Speaker 17: take effect Wednesday, a weekend of storms. The massive flooding

1361
01:12:38,360 --> 01:12:41,200
Speaker 17: have at least eighteen people dead in communities from Texas

1362
01:12:41,200 --> 01:12:43,880
Speaker 17: to Ohio, drying out and preparing for a week of

1363
01:12:43,960 --> 01:12:47,439
Speaker 17: insurance claims. Look at this water here. It's a mess

1364
01:12:47,640 --> 01:12:50,040
Speaker 17: and lots of cities and counties are in states of

1365
01:12:50,080 --> 01:12:53,040
Speaker 17: emergency right now. That's a quick check of your headlines.

1366
01:12:53,080 --> 01:13:11,160
Speaker 23: I'm Terrance Beads, all right, Welcome back, everybody, back to

1367
01:13:11,200 --> 01:13:14,080
Speaker 23: the Mobile Bitcoin dot Com studios here. Charlie is on

1368
01:13:14,120 --> 01:13:18,040
Speaker 23: the road right now, so we're filling in on this busy,

1369
01:13:18,080 --> 01:13:21,320
Speaker 23: busy news day and honored to be joined by doctor E. J.

1370
01:13:21,520 --> 01:13:22,200
Speaker 8: And Tony.

1371
01:13:23,080 --> 01:13:26,559
Speaker 23: He's an economist over at Heritage. Doctor Antoni, welcome to

1372
01:13:26,600 --> 01:13:28,680
Speaker 23: the show. Thanks for making some time here on a

1373
01:13:28,680 --> 01:13:32,040
Speaker 23: breaking news day. Sum up for us what you are

1374
01:13:32,720 --> 01:13:36,200
Speaker 23: seeing the market looks like Dow is down four to eighty.

1375
01:13:36,280 --> 01:13:38,880
Speaker 8: I mean it was down much lower than that.

1376
01:13:39,080 --> 01:13:41,280
Speaker 23: Then it was shot up to about plus eight forty

1377
01:13:41,280 --> 01:13:43,640
Speaker 23: on some fake news of a ninety day pause in

1378
01:13:43,720 --> 01:13:47,080
Speaker 23: the tear excuse me, in the tariff war. Now we're

1379
01:13:47,160 --> 01:13:50,519
Speaker 23: back down at for four fifty something like that. We're

1380
01:13:50,600 --> 01:13:53,160
Speaker 23: hearing news is about fifty plus countries that are.

1381
01:13:53,160 --> 01:13:54,439
Speaker 8: At the negotiating table.

1382
01:13:54,479 --> 01:13:56,880
Speaker 23: We've got bb net and Yahoo has just arrived at

1383
01:13:56,880 --> 01:14:00,080
Speaker 23: the White House. Lots happening, make it make sense for us.

1384
01:14:01,520 --> 01:14:02,840
Speaker 26: Well, Andrew, thanks for having me.

1385
01:14:02,880 --> 01:14:03,040
Speaker 1: You know.

1386
01:14:03,160 --> 01:14:05,519
Speaker 27: Unfortunately, a lot that we have to go on right

1387
01:14:05,560 --> 01:14:08,080
Speaker 27: now is really just rumor, and that's why there's so

1388
01:14:08,200 --> 01:14:10,080
Speaker 27: much volatility in the marketplace.

1389
01:14:10,120 --> 01:14:10,240
Speaker 18: Now.

1390
01:14:10,280 --> 01:14:12,000
Speaker 27: There are a few things that we know for sure,

1391
01:14:12,120 --> 01:14:15,920
Speaker 27: right Like you mentioned Benjamin Netanyaho being in town, like

1392
01:14:15,960 --> 01:14:17,760
Speaker 27: that's something we can defendit.

1393
01:14:17,320 --> 01:14:18,759
Speaker 26: If you say is the case.

1394
01:14:18,760 --> 01:14:22,200
Speaker 27: But as far as nations being at the negotiating table again,

1395
01:14:22,400 --> 01:14:24,760
Speaker 27: there's rumors that there's a lot more. There's rumors that

1396
01:14:24,800 --> 01:14:28,280
Speaker 27: there's a lot less. We have heard some EU officials

1397
01:14:28,360 --> 01:14:31,200
Speaker 27: go on the record saying that they are willing on

1398
01:14:31,320 --> 01:14:34,200
Speaker 27: certain things to go to zero tariffs if the US

1399
01:14:34,200 --> 01:14:37,439
Speaker 27: does as well. So again, there is definitely some good

1400
01:14:37,439 --> 01:14:40,880
Speaker 27: progress here, but overall there's a lot of rumor, which

1401
01:14:40,880 --> 01:14:42,960
Speaker 27: means there's a lot of volatility. Another thing that we

1402
01:14:43,040 --> 01:14:45,559
Speaker 27: know for sure was that because there were so many

1403
01:14:45,600 --> 01:14:48,320
Speaker 27: short positions on Wall Street, as soon as we saw

1404
01:14:48,320 --> 01:14:50,320
Speaker 27: a little bit of an uptick today in stocks, there

1405
01:14:50,360 --> 01:14:52,599
Speaker 27: was a rush to cover. In other words, people were

1406
01:14:52,600 --> 01:14:55,880
Speaker 27: starting to buy stocks for fear that if the price

1407
01:14:55,920 --> 01:14:58,360
Speaker 27: went up, they'd have to buy them at an even

1408
01:14:58,439 --> 01:15:01,360
Speaker 27: higher price. Now, normally stock prices going up would be

1409
01:15:01,360 --> 01:15:03,559
Speaker 27: a good thing, but in the case of a short position,

1410
01:15:03,600 --> 01:15:04,880
Speaker 27: it's exactly the opposite.

1411
01:15:04,960 --> 01:15:07,559
Speaker 26: You're betting on things going down, not up.

1412
01:15:07,600 --> 01:15:12,200
Speaker 27: So whatever the case, this all caused a tremendous, tremendous

1413
01:15:12,200 --> 01:15:14,720
Speaker 27: amount of not just volatility, but a huge swing. The

1414
01:15:14,800 --> 01:15:17,559
Speaker 27: Dow had its biggest intra day swing ever, moving over

1415
01:15:17,640 --> 01:15:20,880
Speaker 27: twenty six hundred points between its lowest and its highest

1416
01:15:20,880 --> 01:15:23,200
Speaker 27: point of the trading day. And we're only halfway done

1417
01:15:23,200 --> 01:15:26,240
Speaker 27: at this point. So again tons of rumors, which means

1418
01:15:26,240 --> 01:15:29,559
Speaker 27: tons of volatility. Markets are looking for direction, they're looking

1419
01:15:29,560 --> 01:15:32,200
Speaker 27: for definitive answers. We thought we were going to get

1420
01:15:32,200 --> 01:15:35,679
Speaker 27: that last week with the tariff announcement, and unfortunately, because

1421
01:15:35,680 --> 01:15:38,080
Speaker 27: of the way these tariffs have been structured, we've gotten

1422
01:15:38,120 --> 01:15:41,240
Speaker 27: exactly the opposite of clear answers. We've gotten a lot

1423
01:15:41,280 --> 01:15:42,000
Speaker 27: of misdirection.

1424
01:15:43,280 --> 01:15:45,320
Speaker 23: Yeah, I want to go into that idea of the

1425
01:15:45,320 --> 01:15:48,840
Speaker 23: way these tariffs are structured, doctor and TONI because there's

1426
01:15:48,880 --> 01:15:52,360
Speaker 23: been a lot of back and forth, especially on social

1427
01:15:52,400 --> 01:15:57,639
Speaker 23: media about that. Some people feel that President Trump shot

1428
01:15:57,840 --> 01:16:00,320
Speaker 23: too high on the tariffs, that they're not one to one,

1429
01:16:01,080 --> 01:16:04,679
Speaker 23: but they say they're factoring in uh, you know, trade

1430
01:16:04,720 --> 01:16:06,479
Speaker 23: deficits as well as other.

1431
01:16:06,560 --> 01:16:08,680
Speaker 8: Non terror related trade barriers.

1432
01:16:09,320 --> 01:16:12,240
Speaker 23: Basically, President Trump, if I was if I was looking

1433
01:16:12,280 --> 01:16:16,080
Speaker 23: at this, I would say that he is very provably,

1434
01:16:16,160 --> 01:16:19,280
Speaker 23: a very a true believer that he wants to get

1435
01:16:19,320 --> 01:16:24,040
Speaker 23: equal trade meaning no trade deficit ongoing with the United

1436
01:16:24,080 --> 01:16:25,799
Speaker 23: States and our trading partners.

1437
01:16:27,040 --> 01:16:28,639
Speaker 8: I predict that this.

1438
01:16:28,560 --> 01:16:32,519
Speaker 23: Is going to be a fairly long term struggle in

1439
01:16:32,560 --> 01:16:34,360
Speaker 23: a trade war, if we want to use that word.

1440
01:16:35,120 --> 01:16:37,200
Speaker 8: What are are you seeing the same.

1441
01:16:37,560 --> 01:16:40,400
Speaker 23: And please comment on the way that these tariffs were

1442
01:16:40,400 --> 01:16:42,280
Speaker 23: structured in the first place, where they was.

1443
01:16:42,280 --> 01:16:43,920
Speaker 8: It done right with the things that we could have

1444
01:16:43,920 --> 01:16:44,400
Speaker 8: done better?

1445
01:16:45,640 --> 01:16:49,920
Speaker 27: The floor is yours, Andrews are great questions, Thank you

1446
01:16:49,960 --> 01:16:52,280
Speaker 27: for asking them. And it's really something I think where

1447
01:16:52,280 --> 01:16:54,640
Speaker 27: we need to set the record straight because there is

1448
01:16:54,680 --> 01:16:56,120
Speaker 27: so much misinformation out there.

1449
01:16:56,040 --> 01:16:57,880
Speaker 26: There are way too many versions of the truth. Here,

1450
01:16:57,880 --> 01:16:59,880
Speaker 26: there's only one truth. So here it is.

1451
01:17:00,080 --> 01:17:04,679
Speaker 27: What President Trump wanted were true reciprocal tariffs. In other words,

1452
01:17:04,680 --> 01:17:07,479
Speaker 27: he wanted a kind of economic golden rule, if you will,

1453
01:17:07,640 --> 01:17:10,160
Speaker 27: where we say to other countries, look, you are imposing

1454
01:17:10,200 --> 01:17:12,840
Speaker 27: these tariff and non tariff barriers on us. You are

1455
01:17:12,880 --> 01:17:17,160
Speaker 27: penalizing our exporters and therefore our workers, and so we're

1456
01:17:17,200 --> 01:17:19,479
Speaker 27: going to do exactly the same thing to you, holding

1457
01:17:19,600 --> 01:17:22,040
Speaker 27: up a mirror as it were to these other countries.

1458
01:17:22,400 --> 01:17:25,120
Speaker 26: That is what he tasked members of his.

1459
01:17:25,040 --> 01:17:30,240
Speaker 27: Administration with, like the Commerce Department, like the US Trade Representative, etc.

1460
01:17:31,720 --> 01:17:33,919
Speaker 27: That was the whole reason for the delay, for example,

1461
01:17:34,040 --> 01:17:37,280
Speaker 27: waiting until April second, was to give those folks time

1462
01:17:37,600 --> 01:17:41,400
Speaker 27: to calculate what are the average effective tariff rates among

1463
01:17:41,520 --> 01:17:44,360
Speaker 27: all these different countries around the world. Instead, what we

1464
01:17:44,439 --> 01:17:47,280
Speaker 27: got was something that has literally nothing to do Let

1465
01:17:47,280 --> 01:17:50,400
Speaker 27: me be perfectly clear. These tariff rates have nothing to

1466
01:17:50,479 --> 01:17:53,840
Speaker 27: do with other nations tariff and non tariff barriers. They

1467
01:17:53,880 --> 01:17:56,880
Speaker 27: simply looked at the ratio of imports to exports and

1468
01:17:57,000 --> 01:17:59,720
Speaker 27: only looked at the imports and exports of products, not

1469
01:17:59,760 --> 01:18:02,599
Speaker 27: even services. And so at the end of the day,

1470
01:18:02,840 --> 01:18:05,680
Speaker 27: you're simply looking at trade deficits, and again it's just

1471
01:18:05,720 --> 01:18:09,639
Speaker 27: the trade deficit in terms of goods. Unfortunately, that means

1472
01:18:10,120 --> 01:18:13,320
Speaker 27: for some countries where we actually have an overall trade surplus,

1473
01:18:14,240 --> 01:18:18,439
Speaker 27: maybe we sell them shoes. Excuse me, they sell us shoes,

1474
01:18:18,640 --> 01:18:20,960
Speaker 27: so we're buying shoes from them, let's say. And then

1475
01:18:21,000 --> 01:18:23,840
Speaker 27: maybe we turn around and sell them financial services and

1476
01:18:23,880 --> 01:18:26,599
Speaker 27: they are buying much more in financial services from us.

1477
01:18:26,800 --> 01:18:29,439
Speaker 27: Then we buy shoes from them. That's a trade surplus

1478
01:18:29,439 --> 01:18:32,560
Speaker 27: for the United States, except that according to this formula,

1479
01:18:32,800 --> 01:18:35,559
Speaker 27: it's counted as a trade deficit, and we impose a

1480
01:18:35,600 --> 01:18:40,200
Speaker 27: penalty tariff rate on that country for having that trade deficit.

1481
01:18:39,800 --> 01:18:42,719
Speaker 26: In goods with them. That's a ludicrous trade policy.

1482
01:18:42,920 --> 01:18:45,400
Speaker 27: It's not going to get us what we want, which

1483
01:18:45,439 --> 01:18:46,599
Speaker 27: is more free trade.

1484
01:18:46,600 --> 01:18:48,519
Speaker 26: That's the whole point of reciprocal tariffs.

1485
01:18:48,680 --> 01:18:51,000
Speaker 27: It's to force other nations to get rid of their

1486
01:18:51,040 --> 01:18:53,920
Speaker 27: tariff and non tariff barriers so that just as foreign

1487
01:18:54,000 --> 01:18:57,559
Speaker 27: nations have access to our consumer markets, our producers can

1488
01:18:57,600 --> 01:19:00,960
Speaker 27: have access to their consumer markets. That the here we

1489
01:19:01,000 --> 01:19:05,720
Speaker 27: want more free trade, not less. It's not that we're protectionists,

1490
01:19:05,760 --> 01:19:09,760
Speaker 27: it's that again we want true reciprocal free trade, free

1491
01:19:09,800 --> 01:19:12,160
Speaker 27: and fair trade what some people call it. And the

1492
01:19:12,280 --> 01:19:14,920
Speaker 27: problem with how these tariffs are structured, because they're not

1493
01:19:15,000 --> 01:19:18,479
Speaker 27: actually looking at other nations tariff and non tariff barriers,

1494
01:19:18,840 --> 01:19:21,439
Speaker 27: is that we have imposed penalty rates on many countries

1495
01:19:21,439 --> 01:19:23,600
Speaker 27: who don't deserve them. Why on earth is it we

1496
01:19:23,680 --> 01:19:26,439
Speaker 27: have a teriff rate on Israel that's almost twice as

1497
01:19:26,520 --> 01:19:29,040
Speaker 27: high as the one on Iran. Why is it that

1498
01:19:29,160 --> 01:19:31,680
Speaker 27: China has a teriff rate that's just frankly middle of

1499
01:19:31,720 --> 01:19:34,599
Speaker 27: the pack. They should have the highest rate among any

1500
01:19:34,680 --> 01:19:37,920
Speaker 27: nation because they engage in the most trade abuses, whether

1501
01:19:37,960 --> 01:19:42,800
Speaker 27: that's manipulation of the currency, subsidizing industry, and dumping artificially

1502
01:19:42,840 --> 01:19:46,599
Speaker 27: low priced products in other countries markets you have slave labor.

1503
01:19:46,960 --> 01:19:50,160
Speaker 27: I can go on and on, whether it's currency manipulation, etc.

1504
01:19:50,640 --> 01:19:52,200
Speaker 27: The list just goes on and on when it comes

1505
01:19:52,240 --> 01:19:54,880
Speaker 27: to China and all of their unfair trade practices, and

1506
01:19:54,960 --> 01:19:58,080
Speaker 27: yet again they have a middle of the road tariff rate.

1507
01:19:58,200 --> 01:20:01,599
Speaker 27: So the issue here is not the goal, right. President

1508
01:20:01,640 --> 01:20:04,679
Speaker 27: Trump absolutely has the right goal, and I even think

1509
01:20:04,720 --> 01:20:09,760
Speaker 27: that his method, if you will, or his tactic of

1510
01:20:10,120 --> 01:20:13,720
Speaker 27: reciprocal tariffs was a good one. The issue here is

1511
01:20:13,920 --> 01:20:17,040
Speaker 27: how that was implemented. The issue here is that he

1512
01:20:17,080 --> 01:20:20,599
Speaker 27: has people within his administration who frankly have not served

1513
01:20:20,680 --> 01:20:23,720
Speaker 27: him well enough, who did not provide him with the

1514
01:20:23,760 --> 01:20:26,480
Speaker 27: reciprocal tariff schedule that was promised.

1515
01:20:26,600 --> 01:20:27,800
Speaker 26: That's the issue here.

1516
01:20:28,080 --> 01:20:31,200
Speaker 27: And again, if you look at market's reaction when it

1517
01:20:31,240 --> 01:20:32,760
Speaker 27: was first announced we were going to have this ten

1518
01:20:32,800 --> 01:20:36,400
Speaker 27: percent across the board, tariff markets actually rallied. Initially, the

1519
01:20:36,400 --> 01:20:38,960
Speaker 27: futures markets went up I think about one point five

1520
01:20:39,040 --> 01:20:41,240
Speaker 27: percent on that news. But then all of a sudden,

1521
01:20:41,280 --> 01:20:44,799
Speaker 27: when this tariff schedule appeared where it made absolutely no sense.

1522
01:20:45,240 --> 01:20:47,680
Speaker 27: These numbers clearly did not come from tariff and non

1523
01:20:47,720 --> 01:20:51,280
Speaker 27: tariff barriers. That's when futures started to tumble. And then

1524
01:20:51,400 --> 01:20:54,920
Speaker 27: we've had now three days basically where the markets have

1525
01:20:55,040 --> 01:20:56,360
Speaker 27: really taken it on the chin.

1526
01:20:56,720 --> 01:20:57,040
Speaker 26: Again.

1527
01:20:57,080 --> 01:20:59,960
Speaker 27: This all has to do with uncertainty. People don't know

1528
01:21:00,200 --> 01:21:03,240
Speaker 27: where we're gonna go from here, and that's a problem.

1529
01:21:03,840 --> 01:21:07,400
Speaker 8: Yeah, And I think to your point, I mean, President Trump.

1530
01:21:07,120 --> 01:21:10,120
Speaker 23: I believe everything that I'm seeing and everything that I've

1531
01:21:10,120 --> 01:21:16,120
Speaker 23: seen from him historically is dead said on correcting a

1532
01:21:16,200 --> 01:21:19,680
Speaker 23: trade deficit that we currently are experiencing. Right, let's just

1533
01:21:19,720 --> 01:21:21,479
Speaker 23: play one of many clips that are out there.

1534
01:21:21,680 --> 01:21:22,800
Speaker 8: Let's play one oh seven.

1535
01:21:22,880 --> 01:21:26,200
Speaker 23: This is a twenty twelve President Trump talking about in tariffs.

1536
01:21:26,520 --> 01:21:27,160
Speaker 8: One oh seven.

1537
01:21:29,000 --> 01:21:31,880
Speaker 26: And I said, somebody said, well, what would you do?

1538
01:21:31,960 --> 01:21:34,200
Speaker 6: What can you do so easy?

1539
01:21:35,600 --> 01:21:41,520
Speaker 28: I dropped a twenty five percent tax on China. And

1540
01:21:41,760 --> 01:21:44,360
Speaker 28: you know, I said to somebody that is really the messenger.

1541
01:21:44,560 --> 01:21:46,080
Speaker 6: The messenger is important.

1542
01:21:46,439 --> 01:21:50,280
Speaker 28: I could have one man say we're going to text

1543
01:21:50,360 --> 01:21:55,240
Speaker 28: you twenty five percent, and I could say another, listen,

1544
01:21:55,960 --> 01:21:57,799
Speaker 28: we're going to text you twenty five percent.

1545
01:22:01,160 --> 01:22:04,040
Speaker 23: I mean, there's tons of these clips around. So I mean,

1546
01:22:04,400 --> 01:22:07,160
Speaker 23: here's what I've and he's been consistent throughout the years,

1547
01:22:07,200 --> 01:22:09,800
Speaker 23: and I think he's seeing this moment as his one

1548
01:22:09,880 --> 01:22:14,120
Speaker 23: opportunity where he's early on in his term to seize

1549
01:22:14,600 --> 01:22:17,240
Speaker 23: this issue and push it forward.

1550
01:22:17,280 --> 01:22:18,960
Speaker 8: Now, I will agree that.

1551
01:22:18,960 --> 01:22:21,919
Speaker 23: The way it was done, I think has spooked the markets.

1552
01:22:22,000 --> 01:22:23,760
Speaker 23: I think you could have done it a different way.

1553
01:22:24,400 --> 01:22:28,679
Speaker 23: So let's game this out then, doctor Antoni. So where

1554
01:22:28,680 --> 01:22:31,840
Speaker 23: would you like to see his strategy go from here?

1555
01:22:32,000 --> 01:22:35,400
Speaker 23: Because Trump is going to claim a win one way

1556
01:22:35,479 --> 01:22:38,680
Speaker 23: or the other. So that's we know politically that's going

1557
01:22:38,760 --> 01:22:39,960
Speaker 23: to be part of the next step.

1558
01:22:40,520 --> 01:22:42,080
Speaker 8: What does he have to do to sort of.

1559
01:22:42,080 --> 01:22:46,840
Speaker 23: Claim plausibly that his tariff and his policies have effectuated

1560
01:22:46,840 --> 01:22:50,519
Speaker 23: the change he wanted while also rewarding the markets, bringing

1561
01:22:50,560 --> 01:22:53,080
Speaker 23: everybody to a stable place with predictability.

1562
01:22:54,760 --> 01:22:56,719
Speaker 27: Well, I think one of the key things is going

1563
01:22:56,800 --> 01:23:01,040
Speaker 27: to be during these negotiating processes with different countries will

1564
01:23:01,040 --> 01:23:05,360
Speaker 27: be to come up with actual average effective TIF rates.

1565
01:23:05,439 --> 01:23:07,760
Speaker 27: So you look at a nation like Canada, look at

1566
01:23:07,760 --> 01:23:10,360
Speaker 27: all of their teriffs, but also their non tariff barriers,

1567
01:23:10,560 --> 01:23:13,400
Speaker 27: their quotas for example that they put on things like

1568
01:23:13,720 --> 01:23:14,960
Speaker 27: American dairy products.

1569
01:23:14,960 --> 01:23:17,280
Speaker 26: You that really hurts our dairy farmers.

1570
01:23:17,320 --> 01:23:20,559
Speaker 27: So figure out, okay, what is the mathematical equivalent in

1571
01:23:20,640 --> 01:23:22,000
Speaker 27: terms of an overall tariff?

1572
01:23:22,280 --> 01:23:24,440
Speaker 26: And so say to Canada, look.

1573
01:23:24,479 --> 01:23:26,880
Speaker 27: If you are willing to get rid of X, Y

1574
01:23:27,080 --> 01:23:30,000
Speaker 27: and Z tariffs or non tariff barriers that you currently

1575
01:23:30,000 --> 01:23:33,040
Speaker 27: have in place, we will reduce this tariff rate by

1576
01:23:33,080 --> 01:23:36,800
Speaker 27: a certain amount. Okay, and that's your negotiating tool. But

1577
01:23:36,960 --> 01:23:40,439
Speaker 27: the problem with again, with the current tariff schedule, when

1578
01:23:40,439 --> 01:23:44,000
Speaker 27: there is no real relationship between those trade barriers and

1579
01:23:44,080 --> 01:23:46,400
Speaker 27: the rates, some of these nations are coming to the

1580
01:23:46,400 --> 01:23:48,719
Speaker 27: negotiating table with their arms up in the air saying,

1581
01:23:48,880 --> 01:23:51,280
Speaker 27: we have no idea what we're supposed to do here,

1582
01:23:51,400 --> 01:23:53,599
Speaker 27: We have no idea how we can actually get these

1583
01:23:53,640 --> 01:23:56,840
Speaker 27: tariff rates down. So I think some further explanation from

1584
01:23:56,880 --> 01:24:00,160
Speaker 27: the White House and some further clarification on what the

1585
01:24:00,560 --> 01:24:03,320
Speaker 27: actual rates should look like would go a long way.

1586
01:24:03,439 --> 01:24:06,320
Speaker 27: The other really big thing is that it seems like

1587
01:24:06,360 --> 01:24:08,719
Speaker 27: we've kind of put the cart before the horse.

1588
01:24:08,760 --> 01:24:09,559
Speaker 26: In a certain sense.

1589
01:24:10,120 --> 01:24:14,439
Speaker 27: What this economy really needs is supply side policies. We

1590
01:24:14,520 --> 01:24:18,839
Speaker 27: need drastic I mean drastic cuts to government spending, to taxes,

1591
01:24:19,120 --> 01:24:22,919
Speaker 27: to regulation. We need an energy production boom in this country.

1592
01:24:23,160 --> 01:24:26,320
Speaker 27: And so by getting tariffs first without all of those

1593
01:24:26,360 --> 01:24:29,599
Speaker 27: other things, the American middle class who has been drowning,

1594
01:24:29,640 --> 01:24:32,240
Speaker 27: it's like we just threw them an anchor without first

1595
01:24:32,240 --> 01:24:35,200
Speaker 27: building them a boat. And so it is imperative that

1596
01:24:35,240 --> 01:24:38,240
Speaker 27: we get things like the tax cut across the finish line.

1597
01:24:38,479 --> 01:24:40,960
Speaker 27: And also what I would really like to see from Congress.

1598
01:24:41,000 --> 01:24:43,840
Speaker 27: You know, this isn't just the administration's fault. Congress has

1599
01:24:43,880 --> 01:24:46,800
Speaker 27: been painfully slow to act on this. So I would

1600
01:24:46,880 --> 01:24:50,200
Speaker 27: love to see Congress in the reconciliation process where we

1601
01:24:50,280 --> 01:24:54,240
Speaker 27: get the tax bill through, to include in that process

1602
01:24:54,640 --> 01:24:58,080
Speaker 27: this ten percent kind of baseline tariff that the President

1603
01:24:58,080 --> 01:25:01,519
Speaker 27: has put in place. Put that into statute, but do

1604
01:25:01,600 --> 01:25:04,320
Speaker 27: it as a border adjustment tax, and that has a

1605
01:25:04,320 --> 01:25:07,799
Speaker 27: lot of different advantages. First, it gives a huge benefit

1606
01:25:07,840 --> 01:25:12,280
Speaker 27: to our exporters, which encourages production here, encourages manufacturing, and

1607
01:25:12,439 --> 01:25:17,160
Speaker 27: encourages American jobs, which is tremendous. But it also puts

1608
01:25:17,200 --> 01:25:20,160
Speaker 27: the tariff only on imports, so you're not going to

1609
01:25:20,240 --> 01:25:23,639
Speaker 27: have things like the car industry where a car part

1610
01:25:23,720 --> 01:25:26,479
Speaker 27: may cross the border between the US, Mexico, and Canada

1611
01:25:26,720 --> 01:25:29,439
Speaker 27: half a dozen times before it goes into the final

1612
01:25:29,479 --> 01:25:31,800
Speaker 27: car assembly. You don't want that to get hit with

1613
01:25:31,880 --> 01:25:35,439
Speaker 27: attax every single time. So a border adjustment tax solves

1614
01:25:35,640 --> 01:25:36,799
Speaker 27: a lot of those problems.

1615
01:25:36,800 --> 01:25:38,439
Speaker 26: And the other great thing by putting it in.

1616
01:25:38,400 --> 01:25:41,200
Speaker 27: Statute is the fact that now you can include that

1617
01:25:41,640 --> 01:25:44,920
Speaker 27: in the calculation of the reconciliation process, so that all

1618
01:25:44,960 --> 01:25:47,840
Speaker 27: the revenues can be used to reduce income taxes.

1619
01:25:48,280 --> 01:25:50,920
Speaker 23: Doctor Antoni got hit a brake. Stay right there, We'll

1620
01:25:50,960 --> 01:25:51,439
Speaker 23: be right.

1621
01:25:51,320 --> 01:26:03,000
Speaker 14: Back relentless spirit. You're listening to the Charlie Kirk Show.

1622
01:26:04,439 --> 01:26:06,400
Speaker 8: All right, Welcome back to the Charlie Kirk Show.

1623
01:26:06,439 --> 01:26:09,800
Speaker 23: Andrew Covid in for Charlie, who's on his campus tour

1624
01:26:10,439 --> 01:26:13,160
Speaker 23: this week. I want to welcome back doctor e j

1625
01:26:13,240 --> 01:26:14,560
Speaker 23: Antoni from Heritage.

1626
01:26:15,520 --> 01:26:17,240
Speaker 8: Doctor Antoni, you were talking about.

1627
01:26:17,040 --> 01:26:20,640
Speaker 23: Something and I think it's it's as nuanced point, but

1628
01:26:20,680 --> 01:26:24,439
Speaker 23: I think it's incredibly important because you brought up the

1629
01:26:24,479 --> 01:26:25,839
Speaker 23: reconciliation package.

1630
01:26:25,920 --> 01:26:28,439
Speaker 8: Now, there was some waffling, and.

1631
01:26:28,400 --> 01:26:31,559
Speaker 23: I would say they Congress was attempting to water down

1632
01:26:32,280 --> 01:26:37,200
Speaker 23: some of these spending cuts, the tax extending Trump's tax cuts.

1633
01:26:37,240 --> 01:26:39,599
Speaker 23: There was I mean, you've got the moderates and you've

1634
01:26:39,600 --> 01:26:43,120
Speaker 23: got the fiscal hawks, and I mean what we were

1635
01:26:43,120 --> 01:26:45,920
Speaker 23: getting was a muddled mess. I do think one of

1636
01:26:46,000 --> 01:26:50,880
Speaker 23: the unintended consequences, positive consequences of what we're seeing in

1637
01:26:50,880 --> 01:26:55,280
Speaker 23: the markets is now Congress has added incentive to ensure

1638
01:26:55,320 --> 01:26:57,400
Speaker 23: that we are getting the supply side relief that you're

1639
01:26:57,439 --> 01:27:00,519
Speaker 23: talking about, meaning are we going to get derecation, are

1640
01:27:00,520 --> 01:27:02,360
Speaker 23: we going to get are we going to.

1641
01:27:02,280 --> 01:27:05,000
Speaker 8: Get these tax cuts extended?

1642
01:27:05,120 --> 01:27:10,200
Speaker 23: Are we also going to add this ten percent baseline tariff.

1643
01:27:09,840 --> 01:27:11,439
Speaker 8: Or you.

1644
01:27:13,120 --> 01:27:15,120
Speaker 23: Categorize it a different way, But what that does is

1645
01:27:15,120 --> 01:27:20,080
Speaker 23: it essentially builds in that revenue into this reconciliation package.

1646
01:27:20,600 --> 01:27:22,400
Speaker 23: Continue on with that, because I think it's a really

1647
01:27:22,439 --> 01:27:25,719
Speaker 23: important point that nobody's really bringing up at this point.

1648
01:27:27,320 --> 01:27:28,280
Speaker 26: Well, thank you, Andrew.

1649
01:27:28,439 --> 01:27:33,120
Speaker 27: Basically, because these different tariffs which are going to generate revenue,

1650
01:27:33,160 --> 01:27:36,360
Speaker 27: these tariffs are being put in place by the executive

1651
01:27:36,520 --> 01:27:39,960
Speaker 27: and not put in statute by the legislature, they can't

1652
01:27:40,040 --> 01:27:44,320
Speaker 27: be counted in the reconciliation process in terms of revenue

1653
01:27:44,320 --> 01:27:46,519
Speaker 27: that's going to come into the treasury. And that's so

1654
01:27:46,600 --> 01:27:50,439
Speaker 27: important because under reconciliation, this is supposed to be a

1655
01:27:50,479 --> 01:27:54,120
Speaker 27: process by which you take an existing budget and you

1656
01:27:54,160 --> 01:27:56,760
Speaker 27: basically just tweak it. And so you're not supposed to

1657
01:27:56,800 --> 01:28:00,519
Speaker 27: have drastic changes to either revenue or expenditures. You're you're

1658
01:28:00,560 --> 01:28:02,519
Speaker 27: supposed to essentially have no effect.

1659
01:28:02,600 --> 01:28:04,040
Speaker 26: It should it should even out.

1660
01:28:04,320 --> 01:28:06,639
Speaker 27: So if we're going to make a change like reducing

1661
01:28:06,720 --> 01:28:09,600
Speaker 27: marginal tax rates on income taxes.

1662
01:28:09,240 --> 01:28:11,040
Speaker 26: Which is terrific. That's a great thing.

1663
01:28:11,240 --> 01:28:13,759
Speaker 27: It's exactly what the economy needs, it's what the middle

1664
01:28:13,760 --> 01:28:14,439
Speaker 27: class needs.

1665
01:28:14,479 --> 01:28:16,000
Speaker 26: They need tax relief.

1666
01:28:16,360 --> 01:28:19,040
Speaker 27: But now you're going to need to offset that somewhere.

1667
01:28:19,040 --> 01:28:21,280
Speaker 27: And I understand the fact that there's a law for

1668
01:28:21,400 --> 01:28:22,280
Speaker 27: curve effect here.

1669
01:28:22,439 --> 01:28:23,439
Speaker 26: In other words, as you.

1670
01:28:23,439 --> 01:28:27,639
Speaker 27: Reduce tax rates, that increases economic activity, which grows your

1671
01:28:27,680 --> 01:28:30,759
Speaker 27: tax base. And if you grow the tax base faster

1672
01:28:31,200 --> 01:28:35,200
Speaker 27: than the tax rate declines, overall tax revenue actually increases.

1673
01:28:35,479 --> 01:28:37,920
Speaker 27: That's what we saw during the first Trump administration. The

1674
01:28:38,000 --> 01:28:40,880
Speaker 27: problem is that's not how the Congressional Budget Office scores it,

1675
01:28:41,120 --> 01:28:44,040
Speaker 27: and so you need what they sometimes call an offset

1676
01:28:44,400 --> 01:28:47,360
Speaker 27: to the reduction in personal income tax rates. And a

1677
01:28:47,400 --> 01:28:49,880
Speaker 27: great way to do that would be to take the

1678
01:28:49,920 --> 01:28:52,720
Speaker 27: revenue that's going to come in from a tariff, a

1679
01:28:53,320 --> 01:28:57,000
Speaker 27: border adjustment tax is what we really have, and then

1680
01:28:57,080 --> 01:29:00,719
Speaker 27: you can you can now essentially shift of the tax

1681
01:29:00,760 --> 01:29:04,480
Speaker 27: burden onto foreigners, which is great from an economic standpoint,

1682
01:29:04,800 --> 01:29:08,040
Speaker 27: because there is actually an externality at play here.

1683
01:29:08,080 --> 01:29:11,120
Speaker 26: It is our navy that patrols the world's sea lanes.

1684
01:29:11,200 --> 01:29:15,040
Speaker 27: It is our navy, at our expense, that keeps the

1685
01:29:15,320 --> 01:29:19,080
Speaker 27: ocean safe for international trade, and so it only makes

1686
01:29:19,120 --> 01:29:22,519
Speaker 27: sense that other nations would help pay that expense, and

1687
01:29:22,600 --> 01:29:24,160
Speaker 27: a great way for them to do it would be

1688
01:29:24,200 --> 01:29:27,120
Speaker 27: to tax the very thing that our navy is supporting,

1689
01:29:27,200 --> 01:29:30,120
Speaker 27: which again is international trade.

1690
01:29:30,600 --> 01:29:33,919
Speaker 8: I totally agree. I think that's really well said doctor Antoni.

1691
01:29:34,240 --> 01:29:38,719
Speaker 23: I want to switch gears slightly here, and this clip

1692
01:29:38,760 --> 01:29:41,840
Speaker 23: was making the rounds with Secretary of Treasury Scott Besson.

1693
01:29:41,960 --> 01:29:44,200
Speaker 23: He sat down with Tucker Carlston and he made this

1694
01:29:44,560 --> 01:29:48,519
Speaker 23: pretty remarkable statement. Now, I want to factor in what

1695
01:29:48,640 --> 01:29:53,439
Speaker 23: Scott Besson says here in this clip and then kind

1696
01:29:53,439 --> 01:29:57,400
Speaker 23: of use that to understand the way the market is reacting.

1697
01:29:57,520 --> 01:30:02,160
Speaker 23: Is it an overreaction? Is are the wrong people incentivized

1698
01:30:02,520 --> 01:30:04,200
Speaker 23: in the wrong ways here? So let's go ahead and

1699
01:30:04,240 --> 01:30:05,559
Speaker 23: play cut one twenty four.

1700
01:30:06,680 --> 01:30:10,720
Speaker 29: And I'm not happy with what's going on in the

1701
01:30:10,720 --> 01:30:16,160
Speaker 29: market today. But the distribution of equities across households. The

1702
01:30:16,160 --> 01:30:20,240
Speaker 29: top ten percent of Americans own eighty eight percent of equities,

1703
01:30:20,960 --> 01:30:24,240
Speaker 29: eighty eight percent of the stop market. The next forty

1704
01:30:25,040 --> 01:30:28,400
Speaker 29: owns twelve percent of the stop market. The bottom fifty

1705
01:30:28,840 --> 01:30:33,439
Speaker 29: has debt, they have credit card bills, they rent their homes,

1706
01:30:33,680 --> 01:30:37,040
Speaker 29: they have auto loans, and we've got to give them

1707
01:30:37,120 --> 01:30:37,759
Speaker 29: some relief.

1708
01:30:39,960 --> 01:30:43,000
Speaker 23: So doctor Antoine, let me frame it this way. There

1709
01:30:43,360 --> 01:30:47,920
Speaker 23: seems to be a disconnect between Wall Street and Main Street.

1710
01:30:48,280 --> 01:30:52,320
Speaker 23: And obviously when Trump has done this tariff regiment, we

1711
01:30:53,120 --> 01:30:58,520
Speaker 23: are seeing Wall Street panic. They're unsure, there's no predictability.

1712
01:30:58,840 --> 01:30:59,800
Speaker 8: I understand that. Night.

1713
01:31:00,479 --> 01:31:06,040
Speaker 23: The point is, is this recalibration of our economy a

1714
01:31:06,080 --> 01:31:08,559
Speaker 23: way to make it so that Main Street finally gets

1715
01:31:08,560 --> 01:31:10,600
Speaker 23: that relief and Wall Street's just going to have to

1716
01:31:10,640 --> 01:31:12,519
Speaker 23: take it on the chin, or is there a way

1717
01:31:12,520 --> 01:31:14,960
Speaker 23: to make them both win too.

1718
01:31:15,160 --> 01:31:17,439
Speaker 26: That's a great great that's a great question, Andrew.

1719
01:31:17,479 --> 01:31:20,559
Speaker 27: And look, it's not that we need to redistribute wealth

1720
01:31:20,800 --> 01:31:24,160
Speaker 27: from Wall Street to main Street. The redistribution of wealth

1721
01:31:24,240 --> 01:31:27,639
Speaker 27: is not the answer here. Instead, what we primarily want

1722
01:31:27,720 --> 01:31:30,040
Speaker 27: is we want to focus on main Street growing.

1723
01:31:30,120 --> 01:31:30,320
Speaker 6: Now.

1724
01:31:30,400 --> 01:31:32,720
Speaker 27: The good news for Wall Street is the fact that

1725
01:31:32,800 --> 01:31:35,599
Speaker 27: when main Street does better, wall Street will too.

1726
01:31:35,960 --> 01:31:36,120
Speaker 13: Right.

1727
01:31:36,400 --> 01:31:38,679
Speaker 27: The problem is that in this country we haven't had

1728
01:31:38,720 --> 01:31:41,960
Speaker 27: that happen in a very very long time. Instead, Wall

1729
01:31:42,000 --> 01:31:45,160
Speaker 27: Street has continuously to has continued to do better at

1730
01:31:45,200 --> 01:31:48,599
Speaker 27: the expense of Main Street. When you have runaway inflation,

1731
01:31:48,760 --> 01:31:52,360
Speaker 27: for example, what goes up in price everything. The price

1732
01:31:52,400 --> 01:31:54,640
Speaker 27: of a home goes up, rent goes up, food goes up.

1733
01:31:54,680 --> 01:31:57,599
Speaker 27: But you know what else goes up, equities. So stocks

1734
01:31:57,640 --> 01:32:02,080
Speaker 27: appreciate in price tremendously. Those who already own homes, those

1735
01:32:02,120 --> 01:32:04,920
Speaker 27: who own an apartment complex, let's say, whatever the case

1736
01:32:04,960 --> 01:32:07,200
Speaker 27: may be, all of those assets are going to rise

1737
01:32:07,760 --> 01:32:12,080
Speaker 27: in price. And so for the people who have essentially

1738
01:32:12,920 --> 01:32:17,000
Speaker 27: already established a wealth position, they do just fine. But

1739
01:32:17,200 --> 01:32:20,400
Speaker 27: everyone else, as the Secretary was just saying, they're forced

1740
01:32:20,400 --> 01:32:23,520
Speaker 27: to take on a lot of debt. Homes become perpetually

1741
01:32:23,560 --> 01:32:27,840
Speaker 27: out of reach. The median mortgage payment on a home

1742
01:32:27,880 --> 01:32:31,160
Speaker 27: today is literally twice as high as it was four

1743
01:32:31,200 --> 01:32:34,240
Speaker 27: years ago. In other words, under the Biden administration, the

1744
01:32:34,320 --> 01:32:37,480
Speaker 27: median price home became twice as expensive.

1745
01:32:37,560 --> 01:32:38,400
Speaker 26: That's obscene.

1746
01:32:38,760 --> 01:32:41,280
Speaker 27: And that's why, for the first time since the Great Depression,

1747
01:32:41,520 --> 01:32:43,160
Speaker 27: people think they're not going to be able to achieve

1748
01:32:43,200 --> 01:32:45,559
Speaker 27: the standard of living that their parents had. So this

1749
01:32:45,640 --> 01:32:49,040
Speaker 27: whole reordering of global trade is not about trying to

1750
01:32:49,040 --> 01:32:52,240
Speaker 27: penalize Wall Street or force the market to tank. No,

1751
01:32:52,840 --> 01:32:55,000
Speaker 27: the reason the markets are tanking right now is because

1752
01:32:55,000 --> 01:32:56,360
Speaker 27: they're looking for direction.

1753
01:32:56,439 --> 01:32:59,479
Speaker 26: They're trying to figure out what exactly is this new

1754
01:32:59,479 --> 01:33:00,640
Speaker 26: world order gonna look like.

1755
01:33:01,160 --> 01:33:03,360
Speaker 23: No, I totally agree. I think you're one hundred percent right.

1756
01:33:03,400 --> 01:33:04,800
Speaker 23: What they want is predictability.

1757
01:33:04,960 --> 01:33:05,280
Speaker 8: They're not.

1758
01:33:05,680 --> 01:33:09,679
Speaker 23: It's almost like the market isn't rejecting tariffs on its face.

1759
01:33:09,720 --> 01:33:14,479
Speaker 8: What it's rejecting is can we predict what the what the.

1760
01:33:14,479 --> 01:33:20,200
Speaker 23: Basic operating you know, assumptions are for businesses internationally. And

1761
01:33:20,240 --> 01:33:22,479
Speaker 23: by the way, just as we're talking here, doctor Antoni,

1762
01:33:22,520 --> 01:33:25,280
Speaker 23: we're seeing some green. The SMP five hundred looks up,

1763
01:33:25,320 --> 01:33:26,679
Speaker 23: the Nasdaq looks back up.

1764
01:33:27,000 --> 01:33:30,880
Speaker 8: The Dow's down two hundred. It was down much much more.

1765
01:33:31,200 --> 01:33:33,599
Speaker 8: I'm not sure what the one thing.

1766
01:33:34,560 --> 01:33:38,160
Speaker 23: Yeah, I'm not sure what any signals causing this, but hey,

1767
01:33:38,200 --> 01:33:40,839
Speaker 23: perhaps we end on a high note here, doctor Antoni.

1768
01:33:40,920 --> 01:33:43,479
Speaker 23: That that you know, the guy is not falling. We're

1769
01:33:43,479 --> 01:33:46,960
Speaker 23: gonna get some resolution here. Stay the course, keep your

1770
01:33:47,000 --> 01:33:49,960
Speaker 23: wits about you, but your points are well made. Thank

1771
01:33:50,000 --> 01:33:52,000
Speaker 23: you for making the time on a on a on

1772
01:33:52,040 --> 01:33:53,519
Speaker 23: a busy breaking news day.

1773
01:33:53,400 --> 01:33:54,120
Speaker 8: Doctor Antoni.

1774
01:33:55,000 --> 01:33:56,559
Speaker 26: Oh Andrew, thank you for having me.

1775
01:33:57,600 --> 01:33:59,880
Speaker 23: Absolutely we'll probably have you back on this week is

1776
01:34:00,080 --> 01:34:03,639
Speaker 23: as the news keeps shifting, So take a look for

1777
01:34:03,800 --> 01:34:06,160
Speaker 23: text coming your way. Thank you, everybody, We'll be back

1778
01:34:06,200 --> 01:34:07,320
Speaker 23: tomorrow more Charlie Kirk

1779
01:34:09,720 --> 01:34:10,240
Speaker 1: Mm hmmm