WEBVTT - Executive Disorder: White House Weekly #7 0:00:01.720 --> 0:00:07.200 Coolson Media. 0:00:07.680 --> 0:00:11.399 This is It could Happen here Executive Disorder, our weekly 0:00:11.440 --> 0:00:14.640 newscast covering what's happening in the White House, the crumbling 0:00:14.800 --> 0:00:17.520 of the world, and what it means for you. I'm 0:00:17.520 --> 0:00:20.920 Garrison Davis today I'm joined by Mia Wong and Robert Evans. 0:00:21.520 --> 0:00:24.279 This episode, we're covering the week of March five to 0:00:24.440 --> 0:00:28.840 March twelve. Trump films a Tesla commercial, RFK Junior eats 0:00:28.880 --> 0:00:31.840 beef tallow French fries at Steak and Shake, and Sam 0:00:31.840 --> 0:00:35.800 Seter commits a mass casualty event on YouTube. How's everyone 0:00:35.840 --> 0:00:36.400 doing today? 0:00:36.760 --> 0:00:39.720 Very happy to join you for ED this week. Huge 0:00:39.800 --> 0:00:43.120 fan of ED, just like just big big ED guy. 0:00:43.320 --> 0:00:45.400 So yeah, psyched to be here. I feel like we 0:00:45.400 --> 0:00:46.280 should mention up top. 0:00:46.320 --> 0:00:49.080 There's also a bunch of unhinged tariff news and the 0:00:49.120 --> 0:00:53.360 most like electing fucking Caliguli's horse to the Senate thing 0:00:53.360 --> 0:00:55.560 I've seen in a long time, So stay. 0:00:55.320 --> 0:00:57.040 Tuned for that. Lots of good stuff. 0:00:57.440 --> 0:00:59.840 Yes, we will get to it. First, I would like 0:00:59.880 --> 0:01:02.480 to have a little bit of an update on a 0:01:02.520 --> 0:01:05.640 story that we talked about a few days ago, the 0:01:05.680 --> 0:01:09.680 detention and the revocation of a green card for a 0:01:09.680 --> 0:01:15.280 Palestinian activist Mamood Khalil. As of Wednesday, his lawyers have 0:01:15.360 --> 0:01:19.560 still been unable to even contact their client. There was 0:01:19.600 --> 0:01:22.959 a large rally outside the First Court conference in New 0:01:23.040 --> 0:01:26.160 York this Wednesday. So we talked about this a few 0:01:26.200 --> 0:01:29.760 days ago for some background an episode with James Robert 0:01:29.800 --> 0:01:33.679 and myself. Robert, do you want to like briefly summarize 0:01:33.760 --> 0:01:36.480 the situation and then I'll play a clip from one 0:01:36.480 --> 0:01:37.160 of his lawyers. 0:01:37.520 --> 0:01:41.680 This situation is that this guy got taken into custody. 0:01:42.240 --> 0:01:45.160 My understanding is it was at an apartment that he 0:01:45.200 --> 0:01:47.480 lived in with his wife. He was a US citizen. 0:01:48.280 --> 0:01:50.920 He became aware, it looks like at least about twenty 0:01:50.920 --> 0:01:53.680 four hours before probably became more that he was being 0:01:54.040 --> 0:01:55.400 It's a little clear if he was just like being 0:01:55.440 --> 0:01:57.400 surveilled or there was something else that tipped them off. 0:01:57.400 --> 0:02:00.320 But he contacted the school asking for help convince that 0:02:00.480 --> 0:02:03.160 Ice was coming for him about a day before they 0:02:03.200 --> 0:02:07.400 did when they entered the house. My understanding is based 0:02:07.400 --> 0:02:10.600 on the claims being made by his wife that they 0:02:10.680 --> 0:02:13.480 did not like, they didn't like produce a warrant or anything. 0:02:13.600 --> 0:02:15.600 He's still not charged with any crime, No he's not 0:02:15.639 --> 0:02:17.799 been charged with any and they just took him and 0:02:17.840 --> 0:02:19.760 like turned off the phone when they were on the 0:02:19.800 --> 0:02:23.040 phone to their lawyers, if I'm remembering correctly. Correct, So 0:02:23.080 --> 0:02:25.280 it's like none of this is the way this should 0:02:25.280 --> 0:02:28.000 have gone. Like if this was an arrest. 0:02:28.080 --> 0:02:30.720 No, he was just like black bagged from campus. 0:02:31.320 --> 0:02:33.560 But it's not an arrest again, and they've been very 0:02:33.600 --> 0:02:36.440 clear about this that, like they have specifically stated we're 0:02:36.440 --> 0:02:39.440 not accusing him of like breaking the law, right, Like, 0:02:39.480 --> 0:02:41.440 that's not what's going on here. 0:02:41.480 --> 0:02:43.360 Correct, And we will get to some of that later. 0:02:43.560 --> 0:02:45.600 I'm gonna play a clip from a press conference outside 0:02:45.639 --> 0:02:49.959 court that happened on Wednesday, March twelfth. This is one 0:02:50.000 --> 0:02:51.920 of his lawyers. 0:02:51.680 --> 0:02:55.640 Mister Khalil's detention has nothing to do with security. It 0:02:55.720 --> 0:03:01.680 is only about repression. United States government has taken the 0:03:01.720 --> 0:03:06.520 position that it can arrest, detain, and seek to deport 0:03:06.680 --> 0:03:13.280 a lawful permanent resident exclusively because of his peaceful, constitutionally 0:03:13.360 --> 0:03:18.960 protected activism, in this case, activism in support of Palestinian 0:03:19.040 --> 0:03:23.520 human rights and an end to the genocide in Gaza. 0:03:25.120 --> 0:03:28.640 The government takes the position that because the Secretary of 0:03:28.680 --> 0:03:38.440 State finds his descent unacceptable or contrary to US foreign policy, 0:03:38.880 --> 0:03:44.560 he can be deported. As Romsey suggested, it's largely unprecedented, 0:03:44.680 --> 0:03:51.320 save for ugly historical precedents, including the Red Scare and McCarthyism. 0:03:51.720 --> 0:03:53.240 That's what we're talking about. 0:03:53.560 --> 0:03:56.920 We're also talking about a period of repression that the 0:03:56.920 --> 0:04:00.680 Center for Constitutional Rights knows well following nine to eleven, 0:04:01.240 --> 0:04:04.960 when we were in the courts trying to get people 0:04:05.040 --> 0:04:06.120 out of secret detention. 0:04:06.800 --> 0:04:08.520 One thing that's different now. 0:04:08.840 --> 0:04:12.880 Is the legal infrastructure is so much stronger, and everyone 0:04:12.960 --> 0:04:16.440 out here on the streets knows that we cannot hide 0:04:16.720 --> 0:04:17.560 in the face of. 0:04:17.560 --> 0:04:19.200 This amount of repression. 0:04:19.640 --> 0:04:22.640 We will be fighting in the courts and fighting in 0:04:22.680 --> 0:04:28.039 the streets to bring Mahmoud home and prevent this level 0:04:28.040 --> 0:04:33.960 of repression from spreading to many others, as the administration 0:04:34.000 --> 0:04:35.920 that's threatened to do so. 0:04:36.120 --> 0:04:39.760 That was on Wednesday. For now, a Khalil will be 0:04:39.880 --> 0:04:44.440 remaining in ICE attention in Louisiana, and ICE director Tom 0:04:44.440 --> 0:04:49.799 Homan said Wednesday that quote, free speech has its limitations. 0:04:50.200 --> 0:04:55.040 Unquote, Yeah, I have found some stuff today of people 0:04:55.080 --> 0:04:58.000 on the right attacking the judge who put out as 0:04:58.520 --> 0:05:01.400 I guess called a stay on this in part because 0:05:01.440 --> 0:05:05.120 the judge is Jewish, so it's nice to see the 0:05:05.160 --> 0:05:09.120 anti Semitism being used in that way as well in 0:05:09.200 --> 0:05:13.279 this instance. Just fascinating. We're really breaking new ground in 0:05:13.360 --> 0:05:13.840 all of this. 0:05:14.360 --> 0:05:17.039 A White House official did tell friend of the Pod 0:05:17.360 --> 0:05:21.160 the Free Press not necessarily our favorite publication, but they 0:05:21.160 --> 0:05:23.520 do have an exclusive quote here that the basis for 0:05:23.560 --> 0:05:26.120 targeting Khalil is being used as a blueprint for investigations 0:05:26.120 --> 0:05:30.080 against other students, saying Khalil is quote a threat to 0:05:30.160 --> 0:05:33.680 the foreign policy and national security interests of the United 0:05:33.680 --> 0:05:37.320 States unquote, said the official, noting that this calculation was 0:05:37.360 --> 0:05:40.760 the driving force behind the arrest, saying, quote, the allegation 0:05:40.839 --> 0:05:43.440 here is not that he was breaking the law. So 0:05:43.680 --> 0:05:46.640 we have this official like openly saying, like, he's not 0:05:46.720 --> 0:05:48.880 charged with a crime. We're just wanting to see if 0:05:48.920 --> 0:05:51.640 we can do this. Can we deport a legal permanent 0:05:51.720 --> 0:05:53.760 resident for saying something that we don't like? 0:05:54.080 --> 0:05:56.000 Yeah, And I think there's been a lot of comparisons 0:05:56.000 --> 0:05:58.479 to this to direct maccarthyism. I think that's accurate to 0:05:58.480 --> 0:06:00.400 some extent. I think the most direct compared to this 0:06:00.520 --> 0:06:03.640 is not maccarthyism. It's the Palmer Raids yep, which I 0:06:03.680 --> 0:06:06.000 think people tend to be way less familiar with. That 0:06:06.080 --> 0:06:08.280 was the first Red Scare, which is largely targeted at 0:06:08.279 --> 0:06:10.359 the industrial workers of the world for their opposition to 0:06:10.440 --> 0:06:13.560 World War One, and they did basically the same shit. 0:06:13.560 --> 0:06:15.200 A lot of people would give anti war speeches and 0:06:15.200 --> 0:06:18.080 then a whole bunch of IWW organizers and other sort 0:06:18.120 --> 0:06:22.080 of like leftists would get fucking deported for it. So yeah, 0:06:22.120 --> 0:06:25.520 that was a absolutely terrifying period of repression. If the 0:06:25.560 --> 0:06:27.560 line is not drawn here, and it should have been 0:06:27.640 --> 0:06:30.479 drawn like two hundred miles back from here, but if 0:06:30.560 --> 0:06:32.160 isn't drawn here, this is going to continue. This is 0:06:32.200 --> 0:06:33.320 going to continue to get worse. 0:06:33.920 --> 0:06:36.240 And I mean all of this is in relation to 0:06:36.400 --> 0:06:41.160 Trump's executive order, you know about quote unquote anti Semitism. Meanwhile, 0:06:41.240 --> 0:06:44.479 today in the Oval Office he said something incredibly anti 0:06:44.520 --> 0:06:47.320 Semitic and also anti Arab somehow, like in this same 0:06:47.440 --> 0:06:51.280 statement saying, quote, Schumer is a Palestinian as far as 0:06:51.279 --> 0:06:55.359 I'm concerned, he's become a Palestinian. He used to be Jewish, 0:06:55.640 --> 0:07:00.560 He's not Jewish anymore. He's a Palestinian unquote, which is 0:07:00.640 --> 0:07:05.200 just an unbelievably anti Semitic and anti Arab statement all 0:07:05.279 --> 0:07:09.920 at once, like removing someone's Jewishness because of how they 0:07:10.000 --> 0:07:12.440 act or things they've said or things they believe in. 0:07:13.000 --> 0:07:15.040 Yeah, and it's one of those things. Again, Like it's 0:07:15.080 --> 0:07:17.880 worth like covering this as it develops. There's not much 0:07:17.880 --> 0:07:20.120 to say other than like, this is incredibly illegal and 0:07:20.200 --> 0:07:25.600 has to be opposed immediately and vigorously. Like yeah, yeah, no. 0:07:25.600 --> 0:07:27.320 It's really bad. And of course you're not gonna have 0:07:27.320 --> 0:07:29.200 the ADL coming out against Trump hero. 0:07:29.320 --> 0:07:32.240 The ACLU did, which I should note because I heard 0:07:32.240 --> 0:07:34.760 some people saying they did not expect the ACLU too 0:07:34.800 --> 0:07:37.480 they have. But yeah, the ADL is fully in the 0:07:37.520 --> 0:07:40.560 camp of lock any one up who's ever protested Israel. 0:07:40.840 --> 0:07:42.960 And they're not gonna call Trump anti Semitic for making 0:07:43.000 --> 0:07:46.600 a statement like this, Yeah, because their interests are are 0:07:46.600 --> 0:07:49.960 fairly aligned at this point. Read what's happening in Gaza. 0:07:50.560 --> 0:07:53.520 So I think now we're gonna play a special report 0:07:53.560 --> 0:07:56.000 from James, who can't be on the recording here today, 0:07:56.160 --> 0:08:00.400 but he does have a report on deportations in Panama. 0:08:00.920 --> 0:08:02.600 So James take it away. 0:08:03.040 --> 0:08:05.720 So something that we've seen in the last week is 0:08:05.720 --> 0:08:08.800 that the people who the US government has deported to 0:08:08.840 --> 0:08:11.880 Panama who it can't deport to their home countries, have 0:08:12.000 --> 0:08:14.360 in some cases been released by the Panamanian government and 0:08:14.400 --> 0:08:18.000 given a thirty day visa or thirty days to essentially 0:08:18.080 --> 0:08:21.600 exit Panama, and they're not really been given any support. 0:08:21.680 --> 0:08:23.560 So they're in some cases like just sleeping on the 0:08:23.600 --> 0:08:26.680 streets in Panama City, right just wandering around trying to 0:08:26.680 --> 0:08:29.400 work out how to get home and trying to work 0:08:29.440 --> 0:08:32.200 out like what they should do next. 0:08:32.400 --> 0:08:33.600 Obviously, these people who. 0:08:33.400 --> 0:08:36.640 Have fled places like Afghanistan, Iran, right, places where they 0:08:36.679 --> 0:08:39.000 can't go back to, they would face persecution just for 0:08:39.080 --> 0:08:42.440 the act of having tried to lead they weren't already 0:08:42.480 --> 0:08:44.640 facing persecution before, which many of them were. 0:08:44.679 --> 0:08:45.720 That that's why they fled. 0:08:46.400 --> 0:08:49.040 So they've just kind of kicked it down the road 0:08:49.120 --> 0:08:51.880 a little bit and we'll see where this leads. But 0:08:52.760 --> 0:08:56.400 it's another piece of evidence that this wasn't hugely well planned, 0:08:56.440 --> 0:08:58.839 that the Trump administration just wanted to get these deportation 0:08:58.960 --> 0:09:00.760 numbers up but almost cost. 0:09:01.320 --> 0:09:03.319 All right, We're gonna go on a break and come 0:09:03.360 --> 0:09:06.840 back to talk about the Department of Education and Tariff 0:09:06.880 --> 0:09:07.960 talk with Mia Walong. 0:09:20.360 --> 0:09:24.560 Wow. Well, we are back, and you know it's everyone's 0:09:24.640 --> 0:09:30.400 favorite time of the podcast talking about tariffs. And before 0:09:30.440 --> 0:09:32.679 we get to Mia, I want to bring on a 0:09:32.800 --> 0:09:35.439 musical guest to set this section of the program up. 0:09:39.920 --> 0:09:50.000 Rocky Jazz Bob rocking jazz boy locking rocking jazz bo rocking. 0:09:50.000 --> 0:09:52.240 Jazz bo Ah. 0:09:52.559 --> 0:09:56.400 Yeah, oh my gosh. That was worth the rest of 0:09:56.480 --> 0:09:59.880 our year's budget. Now everyone will be getting paid for 0:10:00.040 --> 0:10:02.760 the rest of the year in Denny's coupons. That's all 0:10:02.840 --> 0:10:05.160 we have left after paying for this. But I think 0:10:05.200 --> 0:10:06.679 we can all agree worth it. 0:10:07.000 --> 0:10:08.760 Do you want to explain what that is because I 0:10:08.960 --> 0:10:13.840 still don't really have a clue what exactly that opening 0:10:13.920 --> 0:10:15.400 theme song is for Tariff Talk. 0:10:15.800 --> 0:10:18.240 Well, there was a great band called the Clash once 0:10:18.320 --> 0:10:20.959 and they wrote one song that wasn't very good, and 0:10:21.559 --> 0:10:24.240 in it, somebody says something that didn't sound very much 0:10:24.360 --> 0:10:27.520 like the word tariff. But if you mispronounce the word tariff, 0:10:27.640 --> 0:10:31.480 it fit in. And that's where forty two thousand dollars 0:10:31.559 --> 0:10:34.160 of our operating budget this year went. Anyway, Mia, let's 0:10:34.200 --> 0:10:35.080 talk about tariff's. 0:10:35.280 --> 0:10:37.120 Yeah, now that I've now that I've gotten one of 0:10:37.160 --> 0:10:39.600 the two things I've ever wanted in life, play on music. 0:10:40.080 --> 0:10:44.840 So since last week this has been an entire roller 0:10:44.880 --> 0:10:47.839 coaster because right after we finished recording, in like the 0:10:47.920 --> 0:10:50.440 next two days, everyone went, oh, the tariff aren't going 0:10:50.480 --> 0:10:52.280 to be that bad, because a lot of the tariffs 0:10:52.320 --> 0:10:55.120 that were hit with Trump sort of general twenty five 0:10:55.200 --> 0:10:58.040 percent Canada Mexico tariff got waved after Trump agreed not 0:10:58.160 --> 0:11:00.720 to apply them to goods covered by the U SMA 0:11:00.960 --> 0:11:05.600 Free Trade Agreement. But then everyone remembered that the twenty 0:11:05.679 --> 0:11:07.840 five percent steel in a Lune of tariff was still 0:11:07.840 --> 0:11:11.240 going into effect, and so that went into effect this week. Now, 0:11:11.600 --> 0:11:14.439 there was also a brief, incredible moment of panic where 0:11:14.440 --> 0:11:17.319 Trump was talking about doubling them to fifty percent. He 0:11:17.480 --> 0:11:20.120 backs off of this in exchange for Ontario's Doug Ford 0:11:20.280 --> 0:11:25.200 stopping a like twenty five percent increase in electricity prices. However, coma, 0:11:25.360 --> 0:11:29.080 the trade war is one hundred percent still on. Canada 0:11:29.280 --> 0:11:31.440 is doing a whole like sort of slate of reciprocal 0:11:31.480 --> 0:11:35.280 tariffs specifically on steel and also tariffs and taxes on 0:11:35.480 --> 0:11:38.560 a whole suite of other US goods. I'm just going 0:11:38.640 --> 0:11:40.679 to read this from the Associated Press, because this is 0:11:40.760 --> 0:11:43.440 no longer the trade war here is no longer limited 0:11:43.520 --> 0:11:46.280 to the US, Canada, China, and to some extp Mexico. 0:11:46.400 --> 0:11:50.160 For Mexico's really hasn't been responding in the same way 0:11:50.320 --> 0:11:53.000 as basically every other country who's come under these tariffs, 0:11:53.120 --> 0:11:55.160 or at least the sort of main focuses of these tariffs. 0:11:56.040 --> 0:11:58.599 But this week the EU officially joined the phrase. So 0:11:58.679 --> 0:12:01.760 here's from the AP quote across the Atlantic, the European 0:12:01.840 --> 0:12:06.240 Union will raise terrace on American beef, poultry, bourbon and motorcycles. 0:12:06.720 --> 0:12:07.640 Bourbon again. 0:12:08.880 --> 0:12:12.280 Yeah, yeah, bourbon twice. Yeah, bourbon twice. It's twice as 0:12:12.320 --> 0:12:13.360 important as the other things. 0:12:13.760 --> 0:12:16.120 Yes, peanut, butter and jeans. Actually you say this, there 0:12:16.200 --> 0:12:19.360 was a whole like part of the whole speech. It 0:12:19.480 --> 0:12:21.839 was not a joke, maya people the EU would like this. 0:12:21.960 --> 0:12:23.400 This was this was part of the thing. Was yeah, like, 0:12:23.440 --> 0:12:26.079 we're hoping to restore the profitability of the American spirits 0:12:26.120 --> 0:12:27.559 markets with the US backs down. 0:12:27.960 --> 0:12:30.640 It was also the only American product that Trudeau can 0:12:30.720 --> 0:12:33.080 named during his big very funny. 0:12:34.280 --> 0:12:37.040 Let's be honest, outside of music, this nation has produced 0:12:37.120 --> 0:12:39.320 one thing of value to the world, and it's bourbon. 0:12:40.120 --> 0:12:42.839 Yeah, pretty reusable It's also very funny that it was 0:12:42.880 --> 0:12:45.719 like Bourbon was like our what attempt number was it 0:12:45.840 --> 0:12:48.319 at making whiskey before we finally got one that was 0:12:48.440 --> 0:12:50.640 like exportable. 0:12:51.240 --> 0:12:54.240 Terrible. I mean, yeah, it took. It took generations. Look, 0:12:54.320 --> 0:12:57.440 you know, Rome wasn't built in the day, and Bourbon 0:12:57.640 --> 0:12:59.920 is the rome of liquors produced in Kentucky. 0:13:00.480 --> 0:13:00.680 Yeah. 0:13:00.720 --> 0:13:02.599 Well, and speaking of it being produced in Kentucky, this 0:13:02.760 --> 0:13:05.920 is actually deliberately Okay, well, all right, so the EU 0:13:06.080 --> 0:13:08.520 in theory, the line that they're saying is that these 0:13:08.559 --> 0:13:12.400 are deliberately designed to like target things that are made 0:13:12.400 --> 0:13:16.760 in red States. They also did do soybean tariffs too, though, 0:13:17.160 --> 0:13:21.240 which is you know, like you're dropping a new kin 0:13:21.320 --> 0:13:24.720 Illinois here. Okay, So the EU as impost reciprocal tariffs 0:13:24.720 --> 0:13:28.880 on twenty eight billion dollars of US goods. Also on Tuesday, 0:13:29.080 --> 0:13:32.320 China's tariffs went into effect, which means the agricultural terrifts 0:13:32.320 --> 0:13:33.920 that we talked about last week. And notably I keep 0:13:33.960 --> 0:13:35.959 coming back to soybeans because soybeans are such a critical 0:13:36.080 --> 0:13:38.840 part of the system of American agriculture as the crop 0:13:38.880 --> 0:13:40.520 that you rotate out with coren to sort of like 0:13:40.559 --> 0:13:44.320 preserve soil integrity. The Chinese tariffs are now in effect. 0:13:44.480 --> 0:13:49.480 It's mostly on agricultural goods. Yeah, and this has I 0:13:49.600 --> 0:13:52.520 think in ways that are pretty predictable, at least to me. 0:13:53.120 --> 0:13:56.160 This has caused a lot of panic in the markets. 0:13:56.200 --> 0:13:58.679 There's been some sort of rallying as like more information 0:13:58.840 --> 0:14:02.360 comes in, but there's stuff that I did not predict, 0:14:02.760 --> 0:14:06.679 which is so okay. Goldman Sachs has downgraded its projection 0:14:06.840 --> 0:14:09.920 for us GDP growth. Their chief economist is talking about 0:14:09.920 --> 0:14:12.079 how he thinks we're gonna get stagflation again, which is 0:14:12.160 --> 0:14:14.880 sort of While ceclation was the thing in the seventies 0:14:14.960 --> 0:14:18.160 that was, you know, like you have inflation and unemployment 0:14:18.200 --> 0:14:21.320 growth at the same time, this is basically the economic 0:14:21.360 --> 0:14:23.720 condition that liquidated the welfare state and allowed to write 0:14:23.760 --> 0:14:24.760 take power in the first place. 0:14:24.880 --> 0:14:27.120 That's funny because when I google stag inflation, I get 0:14:27.280 --> 0:14:30.480 very different results. That could just be my own. 0:14:30.880 --> 0:14:34.680 No, that's that's stagfilation, Garrison, two very different things. 0:14:35.080 --> 0:14:39.360 Oh sorry, yeah, I think I I think I'm anyway. 0:14:40.880 --> 0:14:42.680 The things I have to deal with on this job, 0:14:43.160 --> 0:14:47.680 they never warned me every single time. It's true, It's true, 0:14:47.720 --> 0:14:48.080 it's true. 0:14:48.120 --> 0:14:48.400 This is this. 0:14:48.520 --> 0:14:49.480 This makes up for a lot. 0:14:49.400 --> 0:14:51.400 If you ever get to fight the Undertaker, you have 0:14:51.480 --> 0:14:52.640 a song to go on too. 0:14:53.080 --> 0:14:56.680 It's true, So okay now now, so it's sort of 0:14:56.840 --> 0:14:59.880 more surprisingly and this is something I have literally never 0:15:00.080 --> 0:15:03.800 seen before with the US. Both City Bank, while City 0:15:03.840 --> 0:15:06.160 which is the over the City Bank like changed his 0:15:06.240 --> 0:15:09.760 name to City or something, but City Bank and ubs 0:15:09.920 --> 0:15:14.520 the giants Swiss Bank downgraded the status of all US equities. 0:15:14.760 --> 0:15:17.120 I have never seen anything like this in my entire life. 0:15:17.160 --> 0:15:20.360 They are also boosting the status of Chinese and EU 0:15:20.400 --> 0:15:22.920 equity So this is basically like this doesn't have like 0:15:23.160 --> 0:15:26.000 a technical official effect, but this is like this is 0:15:26.080 --> 0:15:32.080 basically their their evaluation of what countries like stocks basically 0:15:32.120 --> 0:15:34.080 you should purchase right And this is also sort of 0:15:34.120 --> 0:15:35.240 applies to bonds, So. 0:15:36.080 --> 0:15:36.600 Is that bad? 0:15:37.440 --> 0:15:41.360 This is like I assume that the US would get 0:15:41.360 --> 0:15:45.120 its actual credit rating devalued before this happens. I've never 0:15:45.280 --> 0:15:47.960 this is this is unreal. Like the argument that they 0:15:48.000 --> 0:15:49.320 are making here is that it is because of the 0:15:49.400 --> 0:15:52.400 instability in the US, like because because of the tariffs 0:15:52.400 --> 0:15:54.880 and because of everything that's going on, that like you 0:15:54.960 --> 0:15:57.000 should just fucking pull your money out of the out 0:15:57.040 --> 0:15:59.080 of the US and American companies and put it somewhere else. 0:15:59.320 --> 0:16:02.320 And they're they're secifically boosting the status of Chinese and 0:16:02.760 --> 0:16:06.720 EU equities, which is astonishing because again one of one 0:16:06.760 --> 0:16:08.800 of the one of the countries again who's whose equity 0:16:08.840 --> 0:16:11.160 status that they are boosting is China. China's economy is 0:16:11.200 --> 0:16:13.680 a fucking disaster right now. They're dealing with like their 0:16:13.720 --> 0:16:16.080 fucking housing bubble going under. They've been trying to do 0:16:16.160 --> 0:16:18.400 this pivot to a consumer based economy for years and 0:16:18.480 --> 0:16:20.200 years and years and years, and it doesn't work because 0:16:20.200 --> 0:16:22.800 they don't pay people enough to actually like fuel an 0:16:22.840 --> 0:16:26.480 economy consumer spending. Like they're you know, they're they're about 0:16:26.480 --> 0:16:28.640 to take giant damage from the trade war. And also 0:16:28.720 --> 0:16:30.120 they like you know, like it was only like three 0:16:30.160 --> 0:16:33.680 years ago the CCP faced their first like nationwide mass 0:16:33.720 --> 0:16:37.040 protests like since Tianneman, right, and these guys like and 0:16:37.120 --> 0:16:39.240 again these are these these are the financial analysts of 0:16:39.680 --> 0:16:42.840 City Bank and UBS have looked at that and went, 0:16:43.200 --> 0:16:45.560 you are better off putting your money there than you 0:16:45.680 --> 0:16:46.840 are putting it in the US. 0:16:47.160 --> 0:16:49.480 I mean, at this point, I think Trump's tariffs have 0:16:49.600 --> 0:16:53.320 wiped out. I'm reading four trillion from the US stock 0:16:53.400 --> 0:16:54.680 market just in this past month. 0:16:55.040 --> 0:16:56.240 Now, now trillion? 0:16:56.520 --> 0:16:56.680 Is that? 0:16:58.040 --> 0:17:01.640 Okay? So for example, I have thirty two dollars right 0:17:01.720 --> 0:17:04.280 now in in my pocket. Is it more than that? 0:17:04.840 --> 0:17:07.240 I think it's a little bit more, Okay, Okay, okay, 0:17:07.320 --> 0:17:12.600 so it is enough to buy two different servings of pizza. Okay, 0:17:12.920 --> 0:17:14.560 this is I'm trying to put this into terms I 0:17:14.600 --> 0:17:15.600 can understand, thank you. 0:17:16.000 --> 0:17:16.280 It is. 0:17:16.600 --> 0:17:18.840 Imagine, imagine one burger, right. 0:17:18.920 --> 0:17:21.600 And a burger and Portland does cost thirty two dollars? 0:17:21.720 --> 0:17:25.400 So yes, yes, Now now imagine I thought you're gonna say, 0:17:26.560 --> 0:17:28.320 does cost for tull a dollar? 0:17:29.080 --> 0:17:31.800 I mean probably tomorrow, right, like khudos. I don't know 0:17:31.880 --> 0:17:34.399 if if any fucking plagues that. 0:17:34.400 --> 0:17:38.280 We're doing adding levity because this is legitimately kind of frightening. 0:17:38.840 --> 0:17:42.000 No, like this is I have never seen the financial 0:17:42.040 --> 0:17:44.080 press like, yes, like the only times I've ever seen 0:17:44.119 --> 0:17:46.280 the financial pressure react to something like this is like 0:17:47.600 --> 0:17:50.560 they were kind of acting like this about the possibility 0:17:50.600 --> 0:17:53.960 of Jeremy Corbin like taking power in the UK, like 0:17:54.440 --> 0:17:58.760 they are like I washed a guy on CNBC, right, 0:17:58.920 --> 0:18:01.560 this is not like like this is this is not MSNBC. 0:18:01.760 --> 0:18:04.879 This is not even like CNN. This is CNBC literally 0:18:05.000 --> 0:18:07.399 go on air and call what Trump is doing quote 0:18:07.480 --> 0:18:10.480 insane and start talking about how and this is and 0:18:10.520 --> 0:18:12.000 this is I think what these people are worried about 0:18:12.040 --> 0:18:14.040 is they're you know, the thing that they're seeing that's 0:18:14.040 --> 0:18:15.560 starting right now, and it's starting with these sort of 0:18:15.640 --> 0:18:19.520 these downgrades views equities is capital flight, which is straight 0:18:19.600 --> 0:18:22.320 up a butt like international capital taking their money from 0:18:22.359 --> 0:18:24.520 the US and fucking literally moving out of the country 0:18:24.560 --> 0:18:26.640 and moving it somewhere else because the US is so unstable. 0:18:27.280 --> 0:18:30.320 This is like, I don't know if anyone knows what 0:18:30.760 --> 0:18:34.240 mass capital flight from the US would do, because I've 0:18:34.320 --> 0:18:37.080 never seen anything like this. So part of what's going 0:18:37.119 --> 0:18:38.480 on right and part of the reason the markets have 0:18:38.560 --> 0:18:40.840 kind of recovered in the last few days after the tanking, 0:18:40.840 --> 0:18:43.760 and they did Monday, is that, like the inflation data 0:18:43.840 --> 0:18:45.720 came out and it wasn't that bad. But the thing is, 0:18:45.880 --> 0:18:47.480 all of the inflation data we're getting right now, and 0:18:47.520 --> 0:18:50.360 all of the economic indicators we're getting right now, it's 0:18:50.400 --> 0:18:52.959 gonna take a little bit of time for the actual 0:18:53.000 --> 0:18:56.000 effects of these terrorists to set in, right Like these 0:18:56.000 --> 0:18:57.560 are these are things that like you know, it's going 0:18:57.640 --> 0:18:59.520 to take it's going to take like six months, maybe 0:18:59.560 --> 0:19:01.440 a year before we fully see the impact of that. 0:19:01.760 --> 0:19:03.840 But and when we do, it is going to fucking 0:19:04.320 --> 0:19:06.760 law ismoking creator into the economy. And the worst part 0:19:06.800 --> 0:19:08.280 of it this about this is this isn't even the 0:19:08.320 --> 0:19:11.520 most unhinged part of this. The most unhinged part of 0:19:11.600 --> 0:19:13.639 this is how the Republicans have been reacting to all 0:19:13.680 --> 0:19:16.440 of this in Congress. So one of the few things 0:19:16.480 --> 0:19:18.680 the Democrats have been trying to do, and I say 0:19:18.720 --> 0:19:20.760 one of the few because like the response has been 0:19:21.080 --> 0:19:24.600 Downwright collaborationists, that they've been trying to force Republicans to 0:19:24.680 --> 0:19:27.720 take a vote on the tariffs, because the tariffs are 0:19:27.880 --> 0:19:33.960 unbelievably unpopular, and they're particularly unbelievably unpopular among like the 0:19:34.040 --> 0:19:36.879 capital owning class, who you know, actually matter. So what 0:19:36.920 --> 0:19:39.159 they've been trying to do is that Trump did these 0:19:39.200 --> 0:19:42.000 tariffs by declaring a state of emergency, and the Democrats 0:19:42.040 --> 0:19:44.240 wanted to use the National Emergencies Act to force the 0:19:44.320 --> 0:19:45.600 vote in the tariffs. I'm just going to read this 0:19:45.640 --> 0:19:48.600 in the New York Times. The National Emergency Law lays 0:19:48.640 --> 0:19:51.000 out a fast track process for Congress to consider a 0:19:51.080 --> 0:19:57.040 resolution ending a presidential emergency, requiring committee consideration within fifteen 0:19:57.160 --> 0:20:00.000 calendar days after one is introduced, and a floor vote 0:20:00.119 --> 0:20:03.320 within three days after that. But the language the House 0:20:03.359 --> 0:20:06.840 Republicans inserted into their measure on Tuesday declare that quote 0:20:07.240 --> 0:20:09.560 each day for the remainder of the one hundred and 0:20:09.640 --> 0:20:13.600 nineteenth Congress shall not constitute a calendar day for the 0:20:13.680 --> 0:20:16.760 purposes of the emergency that Trump declared on February first. 0:20:17.480 --> 0:20:19.720 So the point we are at right now is is 0:20:20.000 --> 0:20:22.359 in order to preserve a bunch of tariffs which are 0:20:22.600 --> 0:20:25.960 effectively about to fucking obliterate the entire world economy, Congress 0:20:26.080 --> 0:20:31.720 has declared that days don't pass. This is fucking this 0:20:31.880 --> 0:20:34.560 is completely unhinged. This is fucking like caligulous horse in 0:20:34.600 --> 0:20:37.080