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April 7, 2025 - Louder with Crowder
01:01:41
🔴 Black Monday: Trump's Tariffs are Causing Global Panic - But Should They?
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Time Text
Here we go.
Welcome to the lineup.
There was a Freddie Mercury conversation right before you came in here, and I apologize.
We just needed to have, we needed a palate cleanse from discussing tariffs, which we will be discussing today.
But welcome, Bongino Army.
Welcome, Vince viewers, which, of course, actually in, well, not necessarily Latin, but if you go to any of the romance languages in Italian as it exists today, it means nothing really matters.
Or Freddie Mercury's final words, which were, ah, no.
My question to you before, we're going to talk about the tariffs today, okay?
The fallout of the tariffs, the protests.
How to discuss this and how not to discuss it if you are a broadcast personality, because I know that people are scared, I know there's uncertainty, and I know that people, you know, are going through some actual pain.
I don't want to be dismissive of that.
I also don't necessarily know that the panic is warranted at this point.
Just look at the market this morning.
Things can recorrect.
We'll actually maybe even give you a little bit of advice, not like Jim Cramer, but also the reasoning for this.
And having a roundtable discussion.
Is this something that was warranted and what are the primary reasons that Donald Trump has done this?
Are we already seeing some progress on that front?
Also, the two finalists for the Women's Pool Championship, well, they weren't women.
My question to you, though, is do you understand currency manipulation?
I kind of do, but in reality, I don't.
We'll discuss that more after this introduction.
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Well, that's nice.
What does that have to do with this story right now?
This is live.
We're on live radio.
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My wife was hiding things from me.
Studies show...
Separate checking and savings account?
Let me guess.
A secret lover, too.
Huh? Can I guess?
How did you know?
A big one?
Was it you?
Oh, everyone saw that dime store floozy for the harlot that she was.
You adultering bastard!
I'm not an adult.
I wouldn't touch that broad with his dick.
Hey! I'm sorry.
You know I like you.
It's just his wife's a slut.
You're right.
No! I'm sorry.
I just get so worked up.
It's... What is with...
No, don't say...
Fight back!
Have a backbone.
This is the problem.
The reason...
Your wife wants a man that she can have a volley with.
You can't have a volley if you're just mush.
I'm still wearing the ring.
Yes, because you're a loser.
This guy can't get it off.
What are you on about?
Fingers got too fat.
I don't know if I feel bad for you or just want to spit on you.
Move on with my day.
I haven't showered in weeks.
That'd be nice.
You know, I never told this story.
But one time I actually hit a small boy with my car.
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Glad to be with you today.
I apologize, I'm a little out of sorts.
Anyone out there know what beta-alanine is?
It's something that they put in, like, pre-workout and explode ass type thing.
What? I only know alpha-alanine, bro.
I just realized it was in this thing that I had had that was sent as a sample, and now my eyebrows and ears are itchy.
Anyone ever experience that?
Yeah, makes you want to lift weights.
Yeah, it doesn't make me want to lift weights, it makes me want to scratch like Wolfman.
I know I asked you about currency manipulation, but let me ask you this.
We are going to be discussing tariffs today because the market was up, it was down.
During run-through, we didn't even know what numbers we were going to use in today's show because of the volatility.
But that also kind of makes the point.
Let me ask you this.
What do you think the biggest motivations behind these tariffs are?
And do you think they'll be effective?
Is this a necessary adjustment?
Or is it a misstep?
You do have people on both sides, by the way, including just on the right today.
And I think some folks are doing a great disservice to you.
I know you have portfolios.
I know you have retirement.
I know that you have investments.
And I know that this either can be affecting you right now or could potentially affect you.
And you want to know which way is up.
And unfortunately...
Not everyone's honest.
It's a live show.
Weekdays, 11 a.m.
We don't have to worry about the YouTube dump button because we're only live on Rumble.
Kevin Morgan, CEO, how are you?
Tranny! Sorry, I just feel freedom.
Well, we're addressing John Oliver tomorrow.
Oh, okay.
Never mind.
Yeah, we were going to do it today, but of course the markets went nuts.
John Oliver did a 42-minute installment on transgender athletes.
But you need to stop making it an issue!
Gaslighting is overused, but it was never an issue.
Men competed against men and women competed against women.
And now you're making it a thing!
And we're saying, hey, don't make it a thing.
So now you're saying that we're making it a thing by saying don't make it a thing?
Just, how about no one has ever made it a thing?
Men compete against men.
Women compete against women.
Deal. We'll address it tomorrow.
I guarantee you I know what it is.
It's, you're making a mountain out of a molehill!
You're turning it into a culture war issue, but let me spend 42 minutes making the case.
So, that's exactly what it is.
We'll address it tomorrow and Friday, Saturday, May 23rd, 24th at Good Nights Comedy Club in Raleigh.
North Carolina.
Nice spot, Josh Feierstein.
Hi. Yeah, I can't believe they're making me a feminist.
Really? What?
Yeah. I'm like fighting for women here.
I'm like, oh, man.
Yeah, that's true.
A part of me goes the other way, too, where I'm like, you know what?
It was women who wanted men in women's sports.
Deal with it.
There are no more divisions.
It's just sports.
I'll make the case theoretically.
Like, ah, this is why it's silly.
But you know what?
I think you should probably have to face a biological man in a contact sport.
You're welcome, feminism.
Good luck.
So here's, well, it segues right into this.
Combat sport, like what, dueling?
Yeah, exactly.
Even with pistol dueling, I bet you men would be better.
I know what you're thinking.
Hey, that's sexist.
Are men better than women at everything?
Well, to you I would say, last night, Harriet Hines beat Lucy Smith to win the Ultimate Women's Pro Series Event 2, but both of them are men.
Let's talk about the Ultimate Pool Women's Pro Series event.
It was in Wigan on Sunday night, and after numerous women had competed in this pro pool tournament, the tournament came down to the final.
The two finalists, Harriet Haynes and Lucy Smith, battled it out.
In the end, it was Harriet Haynes that won.
What is really, really bizarre, though, is that neither Harriet nor Lucy is actually a woman.
So why on earth were they competing in a women's Pro pool event.
Why? Well, because they claim to be women.
I do appreciate her candor.
Yes! What is really bizarre, though, is the two cooks.
And she's in jail.
Yes. It has to be two men in a women's sport for us to even talk about pool.
Didn't we just have Strangeo just last week saying there are no male athletes in female sports because now they redefine it and they say there's no such thing as a trans woman.
You're just a woman.
I don't know what you're thinking.
Why are men better than women at pool?
I didn't think that was going to be...
I thought, okay, come on, pull, help me out here.
And when you said it, I was like...
I'll tell you exactly what it is.
It's the more the merrier.
You got eight balls, now you got plus four.
Don't get them started on snooker.
That's just an ology.
Now, I don't know anything about snooker other than it's a bigger table.
You don't need to teach me, I don't care.
It's men occupy the end of the bell curve.
A lot of people don't necessarily know this.
So it's true.
Women, on average, have a couple points higher IQ in that bulk of the curve.
At a certain point, so before women get mad and say this is sexist, men occupy all, almost 100% of the violent prisons, right?
Serial killers, gang members.
But at a certain point, there are only male geniuses.
Almost 100%.
Men occupy both ends of the bell curve because we have more extreme personalities.
It requires an almost obsessive-like devotion to a sport to be excellent, and that lends itself to the male personality type, not to mention spatial awareness, reaction time.
So yeah, even some sports that aren't necessarily I mean, they've already won it once at least.
Twice? Twice, I think.
Twice? What?
And it's the only qualifier.
It's another one that's like, oh, what?
Men are better?
Okay, yeah, well, okay.
Swimming, I guess it makes...
Alright, obviously MMA.
Boxing, okay.
Wrestling, alright, fine.
Pool, still?
Darts? Alright, how about this?
Just be a woman of the year.
Just be a woman.
Guy still wins your bullshit.
Pickleball! Bonus points if you have your own pickle.
Yes, exactly.
B-Y-O-P.
So, Haynes took home $2,305 for winning, and Smith, another man, semifinalist, took home $1,153 for second place.
With their combined winnings, they still...
Couldn't afford a pool table.
Luck is for dudes!
By the way, I need to admonish you.
This was in England, so those were pounds and not dollars.
Those were pounds?
So maybe it's admonished.
No, we did the conversion.
No, we did the conversion.
We did the conversion?
Yes. Dang it!
Yeah, we did the conversion, Gerald.
I took it, but I redirected it like a Hadouken.
You can't redirect a Hadouken!
Don't let me do a flaming hadouken.
Okay, play with Finn, whatever your gay character is.
Gerald's glue.
Faye Long.
That's right.
Faye Long, you know it.
And it's the only time I beat you.
So here's the thing.
Sometimes the pendulum is swinging the right way, but like we saw this last week with fencing, the left can't help themselves.
They can't.
Just know, when you are voting Democrat, you are voting for men and women's sports.
To be clear.
You are voting for the most extreme abortion policies.
You are voting for...
They cannot help themselves.
They'll say that you're turning it into an issue.
Pin them down.
And I mean this.
When you talk with someone in real life, pin them down.
So, you would support no biological men in women's sports ever.
They can't do it.
They can't.
Unfortunately, some of these people then become heads of organizations.
We saw it with the Olympic Committee.
This is what we saw just in 2024.
Haynes, the man who won,...was pouting, this is one year ago, that he could not compete in the She's Pool event.
Last year, I was removed from the English Blackpool Pool Federation's female category.
The males league exists!
...trans women from competing against biological women.
An ugly one.
The music they play, like it's Schindler's List.
I couldn't hit the eight ball.
This is your civil rights struggle?
I couldn't beat the piss out of women.
Look, how about this?
If you want to compare yourself to civil rights, fine.
You can compete in the women's division, provided when you show up to that pool table, there is a German shepherd and fire hose awaiting you.
Okay? It's such an affront to the actual civil rights movements that we've had.
By the way, the ban on trannies is not because of the danger related to them winning, but the danger related to them losing, as we saw.
Yeah, look.
And he didn't even chalk the cue first.
Disrespect. Disrespect.
You gotta chalk that thing up for at least 45 seconds.
Yes, exactly.
I don't even know that it does anything.
I don't play pool.
Ah, it's the grip strength.
It causes an infection.
I don't think that's her primary concern at this point.
It makes it go...
You guys can let me know.
Who's making this an actual issue?
And I'm never going to stop mocking it until it is no longer an issue.
How about that?
Because it's fun, and I think it's funny.
I think PPs, where there should only be hoo-hahs...
It's funny.
Okay? I still think it's funny.
I'll always think it's funny.
And I hate that our society has come to this.
Have you seen one?
They look funny.
They do.
They are.
Look. We should look together later.
We should.
What? Yeah, we should have a, you know, a watch party.
Yeah, exactly.
Over by the pool table.
Yeah. Or is it Schnooker?
We don't have a pool table.
Hey, by the way, best way to follow us, download the Rumble app and follow us on Rumble.
You get notified only when we are live.
It's Rumble.
We own.
Live, there is no algorithm that severs the tie.
So if you're on, well, no one's seeing it.
Well, they might see it as a clip.
If you're on YouTube, if you're on Facebook, just go follow on Rumble.
You actually get to watch what it is that you choose.
And let's go on to the Trump protests.
And I know you have something you want to plug in for.
So did you see this?
Before we get to the tariffs, there were organized protests against, take a guess, correct, Donald Trump, Elon Musk.
They happened across the country and a few other major cities.
This was on Saturday.
Across the U.S. and the world, more than 1,400 protests on Saturday, according to organizers, telling U.S. President Donald Trump and his advisor, Elon Musk, hands off.
Hands off Canada!
Hands off Greenland!
It's like an afterthought.
You know, you think about it, when the Tea Party happened after Barack Obama, they were, I was there, they were proposing very specific policies, and they elected.
You know, they actually got people into political office, and it was a movement.
In this case, what do you think?
You're just going to say, hands off Canada, hands off Donald Trump?
Well, since you said so.
He doesn't even have his hands on them, though, right now.
He's like, hey, you guys should probably vote Greenland to come and be a part of America.
We'll see what happens.
Canada, you guys will be better as a state, right?
Like, that's it.
It's like a preschool teacher's convention.
And the protest was literally called hands off.
I know.
Hands off.
This, of course, goes back to, you know, hands off my posse.
That was the thing with the vagina hats.
This is the 2016 retread?
It's San Francisco 60s retreads using punchline slogan retreads from 2016.
They still have the signs, Stephen.
You gotta put them to use.
Hands off the bloated government.
Yeah, exactly.
Yes, there we go.
It's the civil rights issue of our time, and dudes playing pool against women.
So the official hands-off website, they have a partners list, and of course you see the usual suspects, the ACLU, the labor unions, the Arab American Institute, the Bend the Arc Jewish Action, LGBTQ AIP groups, Planned Parenthood, and some accidental support, this time from one George McFly.
Oh! Hey you, get your damn hands off her.
He's nervous.
He meant to be at the pool tournament.
Guys, are you getting the picture?
Remember when Nancy Pelosi said the tea party was astroturf?
When the left accuses you of something, they are telling on themselves.
When they say you are turning trans athletes, male athletes competing against women, when you're turning that into a cultural issue, they're telling on themselves.
When they say, oh, actually, this is AstroTurf from the MAGA crowd, they're telling on themselves, this is very clearly AstroTurf.
NGO-supported protein.
This is not grassroots.
That's why you haven't really heard of it.
That's why no one you know has actually attended it.
And I just don't think it works anymore.
I remember I was on Joe Rogan's show, gosh, 2016, 2017, where he was so, well, the big pussy march.
That was a big thing.
And I said, it wasn't grassroots.
That was from the top down.
And he was surprised.
We know it now.
Just remember this.
This is always what the left does.
They're not even actually protesting anything real right now.
Hands off Social Security.
He said he was going after fraud in Social Security.
He didn't say anything about any benefits, and so did Donald Trump.
He's like, I'm not going to touch that.
I already told you about Greenland and Canada, so what are we out here yelling about?
I don't think anybody knows.
Stop changing the color of the sky!
What? Hands off my chemtrails?
I don't know.
I have no idea.
Well, anyway, maybe we'll get some more context with some highlights here from the hands-off trademark 2025 protests.
I am an immigrant.
That's a huge bitch!
I'm afraid.
Queer and unashamed.
Should be.
Where'd you immigrate from?
Charlie? Chocolate factory?
Hands-off Boston March.
And it is the slowest march I have ever been.
Told his dentist, hands off my teeth.
Hands off my broom.
Oh, jeez.
Hands off the Cheetos.
Hands off women for him.
We're going to litigate?
Okay. This is what kicking the shit out of fascism looks like.
Yes, thank you, Chinese spy, banger, and chief Eric Swalwell.
So, kicking the shit out of fascism is trannies and puppets?
Sex puppet.
Sex puppet?
They're people.
The left has no message?
And they have no messengers.
For proof, see the protest that involved drum circles, trannies, puppets, and their messenger, Eric Swalwell.
I don't know if they ever went again!
And here's the thing, too.
We used to think of it as a youth movement, right?
That has shifted dramatically.
I'm a millennial where, of course, they were very, very left-wing.
Gen Z is the most conservative generation at this point in their life, meaning 20-year-olds, young people, than any we have seen really in the last at least three quarters of a century.
So if you were looking for some young people, some enthusiasm at these protests, you're not the only one.
I'm at the protest right now in New York City, anti-Trump, anti-fascist protest, and I have one question.
Where the f*** Gen Z. These people are cheering, they're talking like it's just the 60s, it's just like the 60s, and they're having conversations and walking slowly.
There's no fight here.
There's no youth here.
It's all 30-somethings and their children.
Barely any teenagers ever.
Like, these, oh my god.
I can't even.
Like, where are you going if you're not going to the protest right now?
Anywhere! They're going anywhere that's not the protest.
Somewhere with their friends, you lonely bitch.
Yes, you not-without-my-daughter retread.
She says from the 60s and they're 30-something with their kids.
I will say this, being someone in my 30s, this is the first generation you will have young people, particularly young liberals, who will go, okay, boomer, to someone who's like, I have a theory.
I think it's because if you're in your 30s, you were born in the 90s or 80s, which makes it a different century.
Okay, the turn of the century?
So we're 20th century kids.
They were old.
Was that what it was like kids who were born in 1901?
Yeah, they were antiquated.
Listen to your old 19th century rhetoric.
You don't know what it's like being raised in today's youth.
Nobody cares about Gettysburg.
That's right.
We care about Pittsburgh.
That's right.
We've been emancipated.
Get with the program.
I have 14 brothers and sisters and 12 of them died by being kicked from a horse.
Oh look, a motor car!
Yeah! So to give you an idea though, Generation Z, we've seen this right in 2024, 46 went for Trump, 52% for Harris.
Now that's a huge number when you look at people under 30 compared to any other election.
Pretty much ever.
And it's even more glaring when you look at Gen Z men.
56% for Trump, 42% for Harris.
Typically, young people become more conservative.
They don't become more liberal.
These are kids who are voting for Donald Trump before they even pay taxes, before they have families.
So it's not all doom and gloom.
There is a silver lining.
I think they see the absurdity.
Yeah, and we talk about that all the time, that once you get older, you get out into the workforce, you have to have a job, you have to pay taxes, you start raising a family.
That you become very conservative very fast, typically.
You see those numbers now, that is very heartwarming, because for a while there it was looking pretty bad.
I think it's less them becoming more conservative and just being disgusted with the left.
I think that's part of it.
With what the Democratic Party's doing, and then it's quickly making them go, oh, maybe I shouldn't be siding with these people.
What are they saying on the other side?
Yeah, yeah, I think so.
I mean, the left just can't, again, they just can't help themselves.
Probably, you know, you were raised in, you know, kind of on the West Coast.
They're up in Washington area.
You think about back then, okay, gay marriage, that was kind of, okay, socialist.
People are like, oh, I'm socially liberal.
But now, if you're voting Democrat, you have to be voting for sex surgeries, for violent inmates, and for biological men to compete in women's contact sports and not even fill out a form.
The disconnect is so wide.
I've got to imagine that young men are in high schools today.
And please, I know there are a ton of you who watch.
If you're in that generation and you are, for example, in a public school, how do people in your class treat the transgender, queer, pansexual furry in your class?
How do you guys deal with it?
Do you just go, oh, okay, yeah, sure.
Is there a rejection of it?
Is that why we're seeing this divide between, again, young men and women?
I've got to imagine that they're living with it going, this is absurd.
Yeah, you're right.
This view has changed.
When we were teenagers or young adults, the saying was, it's not Adam and Steve.
I'm like, oh, that's fine.
It's not a big deal.
But now it's like, oh, Adam's in Eve's cell.
Yes! Getting her pregnant in prison.
Yeah. And Eve used to also be Adam as well, and I don't know how she got pregnant.
I'm very confused.
That doesn't make sense.
Why is the warden a cat?
What's happening?
Their prison should just be they have to be completely normal in whatever gender they are.
We're not even going to put you in a prison.
We're just going to put you on a routine where you're going to get up at the same time.
You're going to eat three square meals a day.
You're going to exercise.
You're going to do your word jumble some Sudoku.
The problem will take care of itself.
Speaking of discipline, we'll move on here to the markets and tariffs and the reason why.
But before that, obviously, at opening bell this morning, markets went red.
And then they went up, and then they went down again.
And I don't know where we are right now.
Up, down.
They've gone up, down, up, down.
There's a lot of volatility, and I understand that that creates a lot of uncertainty.
And I understand why a lot of you may be worried.
But that brings us to the word of the day right now that you are seeing the media use.
Circuit breaker.
The UK has suspended its stock futures due to a circuit breaker and trading has been suspended there.
The Korean stock market tumble during early trade on I did not expect that voice.
We also saw a number of markets like Japan actually in that circuit breaker today.
It's something you need, right?
You need a circuit breaker, I guess.
I did expect that voice.
They would have turned the lights out on the market to try to save us from ourselves.
Good night, sweet bitch.
Now, I really didn't expect that voice from the Korean lady.
No, huh?
I expected her to be like, Ah!
Korean market bad!
Sell! Sell!
Sell! Sell!
Fire! So, what this is actually addressing, the circuit breaker is, it defines the pause, right?
Yes. The pause that takes place in trading when prices drop too fast.
So it kind of gives everyone a little bit of a break to let things calm down.
Let me explain kind of the triggers to you.
So if in a single day the S&P drops 7%, there's a 15-minute circuit breaker, a 15-minute pause in trading across all the stock market indexes.
If there's a 13% drop, there's another 15-minute pause.
And if there's a 20% drop, trading ends for the day.
That's really what it is.
And sometimes they're saying circuit breaker and they keep anticipating circuit breaker.
You're almost like, I think you almost want a circuit breaker is how this kind of sounds.
I mean, it's almost like you guys sell fear and panic.
But remember, for those of you at home, breaking the circuit can be dangerous as we saw in overseas markets this weekend.
Three, two, one.
Don't do that.
It's a new firework.
You're right.
The fear porn right now is everywhere.
Everybody's talking about how the market is down.
It was funny because we were watching CNN talk about how bad the markets were as the stock market had trended up.
It was up 300 points on the NASDAQ and the Dow roughly.
They were trending all over the place, but they're not covering that stuff.
Just calm down.
I know what our demographics of our audience are right now.
I know what you are.
Don't worry.
It could suck.
and we'll get into that in the next segment for just a little while, but don't worry.
And if you're an old person that's not so great, but you should probably be in something that's less volatile right now anyway if you move the market around.
Yeah, so that's the thing.
But CNN would have you believe that the world is coming to an end, and so would social media, to be honest.
And this is not the first time that this has happened.
No. So to be clear, kind of getting to this, before we get into – Please. I've seen some people out there going, I'm pulling everything out.
So buy high and sell low.
There's an interesting strategy.
Locking in those losses.
Yes, exactly.
Just hold on a little bit.
But there are some reasons for the tariffs.
We talked about this really for the last several months saying there's going to be some discomfort.
And that's not to minimize the discomfort.
But at a certain point, you do have to understand and you do have to make a choice.
Okay. Do we want to live in a world where we continue to lose our manufacturing, where we continue to lose our national economy because of a foreign communist adversary who is subsidizing industry with the expressed goal of destroying our national economy?
At some point, there needs to be a change, right?
We're going to get to why this has taken place.
Before we get to that, though, the panic, okay, let me just give you some...
Very clear historical context.
In 2008, right, it was way worse than this.
Let's grab this overlay.
In 2008, there was a point, if you look there, you go, oh my gosh, look, this is terrible.
I have to sell.
The market is, it's done.
But then if you just zoom out, if you'd have done nothing, look, you would have more than doubled.
In some case, if you were in the dip, tripled your money.
Let me be really clear.
The market wins out.
There are people out there who want to pick stocks and give you a hot ticket.
That is one thing that is constant.
It's something that Toolman has talked about, that people here were very conservative in our investment strategy with our wealth.
If you panicked and sold, and there were some people who did that in 2008, that's the wrong...
Let me give you again, COVID.
Remember COVID?
There was a day, oh my gosh, it's done, it's over.
Some people panicked and sold.
Okay, I've lost everything.
Now let's just zoom out a couple of years.
If you did nothing, you not only get it all back, you would have gotten it all back and significantly outpaced the inflation that followed.
This happens every single time.
Every single time.
And I have been on some calls with some of the best minds out there who talk about investing for some other stuff that I've done.
And they are honest.
They're like, you want to look at these trends?
You want to look at those trends?
Fine, you can look at those trends.
You know what it is?
Time in the market.
Period. Period.
Period. Doesn't matter.
Just put your money in and leave it in as long as you possibly can.
And I say this because we would be doing you a disservice.
And I know that some of you will be upset at this anyway and say that I'm a Wall Street show.
I'm not.
I absolutely am not.
I hate that Wall Street wants to privatize profits and socialize losses.
That is not capitalism.
It is not free enterprise.
I am a conservative in spite of the crony capitalism that we have seen in this country.
I am a conservative as it relates to healthcare.
I'm anti-socialized healthcare in spite of effectively the pseudo-nationalization that we've seen with insurance companies.
That is not free market capitalism.
It sucks today.
It may suck for a while.
It's painful, and I understand that, but discipline is just as important today as it was yesterday, and it will be tomorrow.
This will pass, and it's been a lot worse for significantly longer periods of time.
This is not unexpected as it relates to the tariffs.
It would never be consequence-free, but this doesn't change the reason that they had been implemented in the first place, which brings us to the latest installment of the Tarifier.
fire Still the best thing I've potentially ever seen.
Gotta get that shirt.
And you guys, comment below, especially anyone who's been through this, what kind of rebound you saw, and people who are going through it right now who might find yourself in a tough spot.
Talk in the chat and in the comment section.
People there who are a little bit older, wiser, please do help some folks because you have some kids who are, and by kids I mean younger people who feel like they want to swallow a knife.
We're not there.
So when the patient, in this case, our trade agreements, in this case, our national economy, and I'm no longer anti-protectionism, to be clear, because if you're protecting your economy from a communist foreign adversary, isn't that a good thing?
understand economic protectionism if you are basically siloing yourself off from the world, right, where you're rejecting new technology, more efficient methods of goods, of creating or delivering goods and services.
That's not what we're talking about.
These tariffs are designed to silo the supervillain of the world who's been taking advantage for a very long time, and we'll get into some shocking numbers.
References are always available every single show regarding manufacturing, regarding deficit.
So, this is where we end up.
Yep, China has been using our system.
I mean, many loopholes to take advantage of us and to basically tear apart at the carcass that is the United States national economy.
Manufacturing, as far as intellectual property, you look at our trade agreements, it's never actually been fair.
That is something that cannot be disputed.
So now you say, okay, where do we line up on how to deal with this?
Status quo?
Keep doing it because we're all comfortable with this?
Or at some point, you're going to come home to roost and we'd rather deal with it now before this gets worse.
It kind of is an A or B. And that's where we find ourselves.
When the patient is sick, in this case, our national economy, medicine can have an adverse reaction initially.
It doesn't mean that it's not necessary.
And that's what President Trump spoke to regarding his new tariff policy last night, I believe, on Air Force.
Is there a Trump put, though?
Is there a pain in the market at some point you're unwilling to tolerate this idea of a Trump hood?
Is there a threshold?
I think your question is so stupid.
I mean, I think it's a, I don't want anything to go down, but sometimes you have to be True. True.
Very stupid leadership.
So you know the markets are down across the board, right?
Japan was, the Japanese markets were down 7.8%.
Korea was 5.1%.
China was 7.3%.
Australia 4.2%.
Germany 6.8%.
And as of the time of this broadcast, at 11.30 Eastern, the U.S. market, I guess it's down now about 2.25%.
It's moving around a lot.
So that brings us to, okay, what were the reasons for these tariffs?
How severe are these consequences?
And really, how long are they going to last?
Let's go through the reasons.
They haven't changed.
First reason.
Okay? To try and use these tariffs to get countries to negotiate.
As a leverage tool.
Not the only reason, but one of them.
Right? And according now to the Treasury Secretary, Scott Besant, 50 countries, 50 countries at least, have reached out to the United States to try and negotiate tariffs.
More than 50 countries have approached the administration about lowering their non-tariff trade barriers, lowering their tariffs, stopping currency manipulation, and they've been bad actors for a long time, and it's not the kind of thing you can negotiate away in days or weeks.
And here's the good news.
When you're talking about these tariffs, when you're talking about executive orders, if these countries play ball, they can change like that.
It could be instant.
They can come to the table instantly, and we can negotiate instantly.
There is some value in it.
There are pros and cons.
And this was just happening this morning, I believe.
The EU just offered to introduce zero tariffs on specifically industrial goods.
And this is a major turning point for the United States.
Nonetheless, we stand ready to negotiate with the United States.
We stand ready.
Indeed, we have offered zero for zero tariffs for industrial goods, as we have successfully done with many other trading partners, because Europe is always ready for a good deal, so we keep it on the table.
Two things.
Why had you done it with other trading partners and not us?
Screw you for that.
Two, we stand now.
Ready? To negotiate.
She acts like they're getting ready for it.
We stand now ready to say, Uncle?
We don't do it sitting down.
That's right.
And by the way, that's a huge...
We are brave and courageous.
Industrial goods, that's the vast majority of our trade.
So percentage-wise, that's huge.
That's not just some random thing that's getting thrown around out there.
So that's a big, big, big deal.
By the way, I want to go back to what Scott Besant said, which is really rude to have that in there.
It makes it hard to pronounce his name.
He said it's not just about tariffs.
It's about other things that these countries have done to us to keep our goods and companies out of their country and competing with them or exporting to them, right?
It's trade barriers.
Trade barriers can be like, well, I don't like how you take care of some kind of a toxin or some kind of a bacteria in your chicken.
I don't like that you do that.
We do something similar to it, but we do it in a different way, and I don't like that, so therefore you can't do it.
I don't have a tariff on it.
China said, you mean you do nothing?
Yeah, exactly.
We do nothing.
Oh, nothing, not okay.
Okay, okay, okay.
We do something.
Speaking of which, China, currency manipulation.
Instead of letting your currency float where it should, right, where the market demands it goes, you artificially do something to it to make your goods, I don't know, cheaper on the world market like China is theoretically doing or would do right now.
To stay competitive.
All of that hurts U.S. businesses.
All of it.
And we've just gotten so used to it that we're just like, ah, fine.
Right. And it's, by the way, this is not free enterprise.
It's not.
Here's one thing, too.
Yep, there's a problem with unions in the United States.
I understand that.
Yes, where it makes it cost prohibitive for certain goods.
But the American worker, even the non-union American worker, taxpayer, you're not competing with an honest.
You're not even necessarily.
Competing with slave labor in the third world?
As it relates to China, you are competing with slave labor that is still not profitable, so the Chinese Communist government subsidizes it.
You cannot win.
And China's okay doing it, so long as it cuts us off at the knees.
Do you understand that?
We're talking about the...
Where are we?
Hold on a second.
This timeline, because last week, I thought they were saying, we don't have tariffs.
We don't.
Donald Trump said reciprocal tariffs.
He said, well, we don't really have those.
But now they're saying, well, we're going to introduce zero tariffs.
Well, what are you introducing?
What are you standing tall to introduce?
You know what makes this particularly egregious with the EU?
After the Second World War, the United States basically said, we're the richest country on the planet right now, and to make sure that your economies get back into the global order, and it's better for safety and stability, I get it, but to make sure that you guys can rebuild, we will have an imbalance.
Right. We will help you guys do this.
And then to get treated like that?
Are you serious?
Yeah, we're like, okay, we're going to help you get back.
Wait, wait, wait.
How are you giving everyone free internet?
You still haven't spent your amount in NATO?
Wait a second.
You're giving everyone free healthcare, but we invent the drugs.
Hold on, hold on, hold on.
This wasn't the deal.
By the way, Argentina has come to the table as well.
Malay said that Argentina was working on a zero tariff deal with the United States.
Currently, their tariffs average around 10 to 13%.
Where is he sending the tariffs?
What was that?
Afuera. Yes, yes, exactly.
I was hoping to get one from Billy.
I thought there was an answer that I didn't know.
I'm like, wait, what?
I was hoping that.
Afuera! Afuera!
There we go.
Vietnam, we talked about them last week.
They offered to remove all tariffs on American goods.
Their current average rate is about 9.4%.
Taiwan, actually, the president, Lai Ching-to, Lai Ching-to, wrote on X, Taiwan does not seek retaliatory tariffs against the United States.
Instead, we'll start talking from bilateral zero tariffs to ensure Taiwan's competitiveness will increase U.S. imports and adopt other measures.
Working together will usher in a golden age of shared prosperity!
I gotta wait from you.
Current rate averages about 6.5%.
So over 50 plus countries, these are the ones that we know about.
You can say it's not enough, sure I understand that, but you can't say that it's insignificant when that's one of the primary goals of these tariffs.
By the way, Ireland seems to be the most desperate.
They actually sent this open video plea to President Trump this morning.
Dear President Trump, we, the people of Ireland, are humbly begging you to undo this tragedy your presidency has caused the Irish people.
We can no longer survive under these conditions.
Please, oh please, take back Rosie O'Donnell.
We don't even care about the tariffs.
Truly. In fact, I'll do you one further.
We will take on other countries' tariffs if you'll just take this monster off our hands.
We haven't enough potatoes on the island for the appetite of...
Oh, shite!
I think she's here!
Oh, for the love of God and all that is holy!
Oh, now she's stopping in and demanding more potatoes.
Oh, sorry.
Sometimes you don't really know.
That's really what the president of Ireland looks like.
It looks like a leprechaun.
You don't really understand until you see how it affects real folks.
Real folks.
Name that movie line.
Here's reason number two for the tariffs.
And this is going to take a little while, but it's the re-industrializing of the United States.
The numbers are shocking.
Now I want you to keep in context the reason that this manufacturing has been siphoned.
It's not because of automation.
It's not because of us entering into the modern workforce.
No, it's because of communist subsidized slave labor.
In other words, slave labor isn't enough to beat the United States to the goods and services punch when you're seeing this from China.
It is subsidized.
You cannot be a small business in the United States and compete with the Chinese communist government who doesn't care about losses.
As a matter of fact, it's part, it's not a bug, it's a feature.
comment if you understand the difference.
A small business in the United States competing against a small business in Germany or a medium-sized business in the United States competing against a medium-sized business in Taiwan is very, very different from a business in the USA competing against a communist government who is willing to subsidize losses in order to drive you out of business.
So Commerce Secretary Howard Lundgren, Howard Lutnick, he actually talked about this on Face the Nation.
The army of millions and millions of human beings screwing in little, little screws to make iPhones.
That kind of thing is going to come to America.
It's going to be automated.
And great Americans, the tradecraft of America, is going to fix them.
It's going to work on them.
They're going to be mechanics.
There's going to be HVAC specialists.
There's going to be electricians.
The tradecraft of America are high school educated Americans.
The core to our workforce is going to have the greatest resurgence of jobs.
In the history of America, to work on these high-tech factories, which are all coming to America, that's what's going to build our next generation of America.
Let me give you some numbers on manufacturing jobs, okay?
In 1999, before most of the new policies that we see regarding China came into play, the manufacturing jobs in America, they were about 17.5 million.
Today, they're about 12.5 million.
Now, here's what's even more startling.
If you look at the global...
...manufacturing share from the United States.
How much of the global manufacturing we made up.
1995, we made up 24%.
China was 5%.
Compared to today, where we make up 15% and China makes up 32%.
We went from 24% to 15% and China went from 5% to 32%.
That occurs nowhere in nature.
And certainly not for a country where most of those people live in abject poverty.
And eat street food fried in sewer water, and that's not a joke.
That's the reality for those people.
Again, bring up the overlay for those who doubt it.
You can check the references.
China subsidizes their industries to create more than can possibly be consumed to dump it on a market and ensure that you are run out of business.
They're not even doing this to turn a profit.
They're doing it to...
End your business, your industry.
So I want to go back to something that Howard said there because this is one of those very fine people clips.
Everybody this weekend was sharing that after he had that appearance on Sunday morning and saying that Howard Lutnick was basically saying, oh good, we're going to have thousands and millions of jobs created by people screwing in tiny little screws.
And they were like, great, sweatshop labor is coming to the United States.
Without playing the clip for two more seconds where we said, and we're going to automate that.
Basically he's saying we don't need sweatshop labor.
Shouldn't this be good?
We can actually automate this process.
We can get rid of sweatshop labor because that's just taking advantage of a workforce.
Obviously you have to retrain that workforce and move into something else.
But isn't this a good thing?
And they're like, he's bringing sweatshop labor to the United States.
That's not at all what he said there.
But this is another time, instead of dealing with the facts that you just gave them, Right?
You can deal with that.
You can go, oh, sweatshop labor.
I don't have to deal with the fact that China's kicking our butts in manufacturing.
And I understand, too, the argument that people will make regarding automation.
We have this argument all the time regarding AI.
For sure.
Well, oh, you'll automate Americans out of jobs.
That can happen, or if you can automate menial, low-skilled tasks, it allows more high-paying, skilled labor jobs for Americans.
And that's what we've seen.
For example, you've seen plenty of companies who moved to subsidized sweatshop labor in China.
Apple did that.
And then what did they do?
Well, then they expanded rapidly.
Then they created new products and services.
They had more manpower.
They had more brainpower to focus on the kinds of advances that you have seen where you, frankly, have more in common.
Well, they actually said, they've talked about this.
They've said that young people today are so different as far as they've grown up in the era of a smartphone that people born in the 19...
70s had more in common with someone from the time of Jesus Christ.
Literally. Pre-smartphone, pre-modern computers than they would with today's generation.
Now you can argue if technology has been a good thing or a bad thing.
But when Apple started using the subsidized slave labor in China, they became the Apple that you know today.
So wouldn't we rather not have slave labor, sweatshop labor automate some jobs here on shore and chance?
These companies providing more jobs.
We've talked about that with mugs.
There is not an American manufacturer that could meet the demand for mugs because of the kinds of policies that we have seen.
So it is made overseas and we have Americans who etch it and paint it.
And that pays a lot more than the bulk cost of mugs.
By the way, if you're an American mug manufacturer and you can, please reach out.
We still haven't found them.
You need to be able to create many, many tens of thousands or hundreds of thousands of mugs.
Like that.
No one could do it.
So, the skilled labor goes to Americans, because that's the only possibility.
Let's go to Apple and look at them.
2001. That's when they started this huge partnership with China to set up their manufacturing, their housing, their factories, roads, all this stuff with the Chinese government in order to set up their manufacturing there.
What happened?
They became the most valuable company for the United States.
But a lot of that money is going to a foreign adversary.
Wouldn't you rather have those headquarters here?
Would you rather have something automated in the United States and everyone else at Apple employed here, or instead of automation, Chinese slave labor?
Again, you do have to kind of look at it and make your choice.
There's a reason for it.
Because with Apple, it led to a huge loss in American jobs and a huge trade deficit, which has been described by Donald Trump many times and is one of the reasons for these tariffs.
Hundreds of billions of dollars a year we lose with China.
And unless we solve that problem, I'm not going to make a deal.
Now, I'm willing to deal with China, but they have to solve their surplus.
We have a tremendous deficit problem with China.
They have a surplus of at least a trillion dollars a year.
I think it's like a trillion one.
And I want that solved.
No other president's taking it on.
I hadn't taken it on the last time.
And then we had a rigged election.
We're not going to lose a trillion dollars for the privilege of buying pencils from China.
The privilege of buying pencils from China.
He's putting a finer point on it, and by the way, he's mostly correct.
This brings us to the third reason, and the primary reason.
Beating China's ass.
That's a big reason for this.
We have a very skewed economy and we have a very significant enemy.
I don't know that an enemy has been more underestimated than China in modern history to the United States, especially when you look at exactly what they say they aim to do and exactly how they refer to us, how they treat us.
So now in response to retaliatory terror, China said there's gonna be a retaliatory to retaliatory tariffs.
Another 34% tariff on U.S. products.
And what's funny is China, yes, the communist government of China, accused the United States of economic bullying.
The pursuit of so-called fairness is more than just America first.
So are you Chinese or Japanese?
That's the stance that China has taken on U.S. sweeping tariffs against trading partners around the globe.
In a statement on Saturday, Beijing said Washington's move infringes on other countries' legitimate rights, violates World Trade Organization rules, harms the rules-based multilateral trading system, and disrupts global economic stability.
It also labeled US tariffs as an act of unilateralism, protectionism, and economic bullying.
What? We're bullying?
We're bullying?
What do you do to Christian converts in China?
Hold on a second.
We're bullying?
How do you treat your workers there in China?
I just want to understand.
Are people allowed to speak out against the government?
Just to your own citizens.
Then we're bullying?
What kind of tariffs have you had against the United States?
What kind of industries have you subsidized specifically to take out business in the United States?
To take food from the mouths of our children?
You accuse us of bullying?
And this term, protectionism.
And I was more libertarian where, again, that was a dirty word.
Yeah! Protecting us from China?
Protecting us from communism?
Let me ask you this.
We weren't major trading partners, obviously, with the Soviet Union, but if during the Cold War, you guys understand, we said, okay, obviously we're not going to be, we're not going to be paying for it, we're not going to be supplying Russia through trade.
Through economic exchange.
We're going to have a moratorium.
We're going to have a ban on purchasing anything.
Why? Because they're a nuclear nation who wants to wipe us off the face of the map.
How do we know?
Because they've said so.
You would never bet on it.
Okay, that makes sense.
They're an enemy.
Why is it wrong to protect you, the American worker, from the communist Chinese government?
And President Trump responded to this.
The tariffs on truth, he said, all caps, China played it wrong!
They panicked!
The one thing they cannot afford to do!
Well, if they panicked before, they're going to be crapping in their small little britches right now.
Donald Trump just posted something else threatening a 50% tariff if they didn't remove their 34% additional tariff in response to us.
So China responds with 34% more, I guess.
They're going to do it.
Donald Trump's like, well, if you don't pull that off by Tuesday, close of business, I believe is what it is, then on Wednesday, 50% goes into effect on you.
That's pretty ballsy.
That's pretty ballsy.
By the way, it's very rich for the Chinese government to accuse anybody else of doing things unilaterally or for protectionist methods or using protectionist methods to kind of destabilize.
This is the most protectionist economy that has ever existed in the history of mankind.
They manipulate everything about their economy to the detriment of the rest of the world.
And the rest of the world, the only reason that we stand there and go, okay, fine, is because of cheap labor.
Right. If we could find another place tomorrow to do super-duper cheap labor and it could be spun up very quickly, we'd go there.
Let me ask you this.
Research, are you allowed to even wave an American flag in China?
No. It's just funny they say we're bullies.
I doubt it.
We're bullies here in the United States.
They can never course correct.
Because they kill people who speak out against the communist fashion that takes place.
They gotta be careful, too.
They keep raising the tariffs on us.
We're like their number two soybean importer.
Goodbye soy sauce.
Yep, yep.
No more free packets of soy sauce with your beef and broccoli.
Yeah. You gotta pay for that.
Now how are your men gonna grow tits?
Yeah. Good luck.
But even trying to send the quiet part out loud, you do have a choice to make.
This is a restructuring of the global economy.
China Communist.
Now, you do have to pick what world you want to live in.
A world where China dictates the terms or the United States.
The United States is not perfect.
Would you rather live under de facto international Chinese rule or the United States?
That is the pick you have to make.
And the finance professor of Tsinghua University actually gave a pretty honest take of this, said...
We're willing to take on challenge.
We're ready to compete with the USA in redefining the global trade system.
Meaning this is not going to be what we once knew.
This is not we get to benefit from slave labor that's subsidized by a communist nation because we like some cheap trinkets here in the United States.
We have to rip off the band-aid and no longer support our adversaries abroad and we have to start looking out for the United States.
That is what we are seeing.
An entire reconstruction of the global economy.
You've been saying you want to fight globalists?
This is what it looks like.
It's decoupling from the most powerful communist force that is...
Do you understand?
To give you an idea, the people that we are talking about, the reason for these tariffs...
Let's just laser in here.
These tariffs are designed to address the nation that has stolen our manufacturing, that has stolen a lot of our intellectual property, technology, businesses.
And this nation still venerates the single most deadly communist regime that has ever taken place on Earth.
Mile. It's not even close.
They still have statues and posters.
It's not like they course corrected.
Which you can at least say about Russia.
Okay, alright, Stalin, we're not like...
They still have the little red book.
It's a lot different than us having Confederate statues.
Right. This is to address the government that is, call it, the protege of Mao.
Depending who you ask, it's 30 million to 100 million people killed from that communist regime.
And they're still, blatantly, self-avowed communists.
All of a sudden, some tariffs seem kind of mild, don't they?
And why have we gone this long without addressing it?
Seems to me that should have happened right away when we started opening up some kind of international trade relations.
Wait, hold on a second.
That whole running people over with tanks, the whole tens of millions of people who you guys starve to death in the name of communism, right?
You're done with that, right?
Otherwise, we're not going to be business pals.
No one ever did.
No one ever did.
And Wall Street kept telling us they were going to be the next great superpower, and we just had to accept it.
It's Mao.
You want to...
You want to allow Mao's government to take your job?
What are we doing?
What are we thinking?
It doesn't make any sense.
And so in 2003, you had Warren Buffett write an article that actually decried a situation where we had an imbalance of basically ownership.
Money that was actually just being sucked out of our economy to the rest of the world versus what the rest of the world was contributing to us.
And around that time, it was just under $3 trillion.
That's a lot of money.
Warren Buffett, a guy right now who says tariffs are terrible and he's the only...
Billionaire in the top 20 who's actually increased his fortune.
He's a pretty smart guy.
He's not going to get everything right, but he raised the alarm in 2003.
That was when we were bringing China full force into everything as much as possible.
He said that was a bad thing.
Now, it's $23 trillion.
That's the kind of deficit.
Just think about that right now.
Since he raised the alarm, an additional $20 trillion being sucked out of our economy.
Think about tentacles.
In the United States, from everywhere else in the world, sucking the lifeblood out of our economy.
That's what it's like.
And we think we can just innovate our way out of this.
And to some degree you can, but innovation typically is really, it's happening really closely to manufacturing.
That's where the innovation occurs.
Yeah. Why do you think China has made such a great leap forward in innovation and technology?
It's because all the manufacturing is happening over there.
Yeah. You have to be able to pull this stuff back.
We have known this forever.
Donald Trump's on video talking about this in the 80s.
Yes. Talking about all these problems.
Like, this is not a new thing.
And there are plenty of people.
Economists will tell you one way or the other.
It'll happen.
It'll be 100% sure.
And you have people all over the spectrum.
But there are plenty of very smart people who've been in the business world who have to deal with this on a daily basis, not in academia, who tell you, you have to fix this.
The problem is that we didn't fix it under George Bush or Barack Obama.
Because the profits were too good.
Exactly. The companies just turned a blind eye.
We're making too much money, and now we're about to die.
Donald Trump is the hipster of hating China.
He is.
He's been doing it for years.
I hated this.
Look, frankly, I...
Despise the jinx before it was cool.
He'd say it like that in the 80s.
It was fine.
Sooner or later, those zipper heads will have to pay.
I've always said this.
Insane. And, by the way, for those of you who are still with us, before I actually mention Tim Pool, this actually just came in from, I believe, the Military Journal 1945.
Intelligence analysts have said that they expect the Chinese invasion of Taiwan within the next six months.
And, of course, that...
Could be catastrophic as far as semiconductors, chips.
We've discussed this before.
If you are not a Rumble Premium member, we're going to discuss this And more how to address this, the markets.
We've talked about the tariffs, addressing the markets.
There are people like Ben Shapiro and there are people like Benny Johnson.
There are people on the left and on the right who are addressing it as though either this is idiotic and supporting it is ridiculous or, hey, you don't need that iPhone.
I think these are wrong approaches.
We'll get into that and have some clips.
But before that, you had something you wanted to tell me, right, Noodles?
I was just letting you know that research had chimed in about the flag thing.
They said there's no definitive laws saying that you can't.
You can do things like the Olympics, for example.
However, Hong Kongers used American flags in their protests, if that tells you anything.
Oh, there you go.
They knew how to piss off the Chinese.
That said, you can manufacture them there.
In 2017, 99.5% of the American flags that we brought in came from China.
Oh, lovely.
Not mine.
I stitched my own.
There you go, Betty Ross.
That's right.
Betsy Ross.
Look, this readjustment, I would argue, is absolutely necessary.
If you disagree, you can let me know.
There are always going to be...
Short-term growing pains, and I do believe that these are short-term.
I do believe, in the end, it's necessary, and I think that we'll come out better for it.
And I certainly think that Donald Trump is making a significant effort.
If you are not, by the way, a Rumble premium member, you click that, you continue with us.
I think we're going to go a whole hour.
We have a lot more to get to as it relates to China and the globalists and gay frogs.
If not, hey, you're watching the lineup.
You just keep on watching.
You keep watching.
Tim Pool, he's coming up next, and you don't have to pay a dime.
We appreciate it, but consider joining.
That's the only way we keep the lights on.
Donald Trump has really given this the old college try and doing pretty well.
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