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April 7, 2025 - Stew Peters Show
01:02:00
Millstone Report w Paul Harrell: Trump Tariffs Mark End of Globalism?
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Welcome to the show.
Thanks so much for being with us.
This is the Millstone Report.
My name is Paul Harrell.
As always, we can't do the show without you watching.
Thank you so much.
I hope everybody had a great weekend.
I hope you had a terrific New Year's Day.
We had a lot to get to.
A great show for you.
Obviously revolving around the economic conditions right now in America, across the Earth, across the globe as well.
Trump's tariff revolution.
We've been talking about this for a while.
What at least appears to me, Donald Trump trying to Totally revolutionized not only the American financial system, but the global financial system as well.
How we structure, how we fund our government, we're going to talk about that later in the program.
If we have time, we do have a planned segment.
I'm already against women clergy.
You don't have to convince me.
We have that geared up.
Believe it or not, some female clergy out there, they really believe that if it's traumatizing to you to refer to God as Father, because maybe the idea of your parents, maybe they haven't treated you right, so the idea of referring to God, your Heavenly Father, as Father, maybe you should say, I don't know, Grandmother.
Maybe you should refer to God as your Grandmother when you say the Lord's Prayer.
I kid you not.
Also, Megyn Kelly...
And I'm summarizing, but we'll get to that clip as well.
I think they're kind of all going to tie in towards the end of the show.
Before we go any further, I want to remind you that this portion of the broadcast is brought to you by Red Vive Health.
I want you to check out the healing power of red light over at redvivehealth.org.
That's redvivehealth.org.
And we'll tell you more about their fantastic red light panels and the healing power of light here in just a moment.
But let's get right to it.
Donald Trump is essentially telling the country in the midst of the stock market.
Being way down.
Cryptocurrencies as well, way down.
Everything as a reaction to these tariffs.
Donald Trump is essentially saying, look, America, this country, economically speaking, is sick.
He's saying that this is medicine.
Essentially, this is medicine.
You also have the Treasury Secretary, Bessett, also saying that the American economy is essentially like a bodybuilder who's on steroids.
He may look big, may look strong on the outside, but on the inside is organized.
It's all fake.
It's fake.
The stock market certainly has been that way for a very long time.
They're also really saying that this is, you know, we have heard middle class Americans have been hearing for, you know, on and off, you know, for sure the last 10 years.
The economy's strong.
The economy's amazing.
The economy's booming.
You know, you show somebody a sheet from...
Like the S&P 500 or the Nasdaq or whatever, and you look at the trajectory and see things are awesome.
For the majority of Americans, those numbers mean absolutely nothing to them.
Now, I know there's specifically among the boomer generation, you know, they're taking huge losses right now in their retirement.
But for the average American, if you look at how many people are actually invested in stocks, which is it's not it's a vast majority of us are not invested in this.
And so the question is, you go all the way back to 2008, which is right before I started, you know, getting into politics and covering this.
You go all the way back to 2008 and you see what happened, the bailouts that they turned the printing machine on in the financial crisis of 2008.
But it was all based on unsound corruption, basically, and manipulation to make the rich richer and the poor poorer.
Main Street didn't get the bailout, but Wall Street did.
The whole conventional wisdom at that time was, well, we had to bail out Wall Street so that we could save Main Street, right?
All of that was just nonsense.
From what I can tell.
And then you even go back to what happened directly after the 08. You had the Tea Party faction in 2010, and then you had the Occupy Wall Street faction in 2009 and 2010.
And it's fascinating, and I think Tim Pool made this observation.
This may be another issue where Trump has essentially stolen the left's girlfriend on this issue.
Where, you know, the left has always been about eat the rich.
Remember the old Aerosmith song, eat the rich?
Remember the millionaires and billionaires don't pay their fair share?
Well, interestingly enough, whether you buy into that rhetoric or not, or that specific view of politics, because we obviously know that in the past it's skeered towards socialism, it is fascinating that what the left have said they wanted for a very, very long time...
According to what they've said, right, Trump is actually making it harder on millionaires than anything they've ever done.
At least you can make that argument, is what some people are saying out there.
Fascinating. It really kind of goes along with this complete, total political realignment we have seen.
You know, all through 2024, these new political coalitions coming together.
Fascinating. And I will say, you know, our friend Jeff Younger has said that a lot of this, if you look at the different elites, you've got the wall...
He even said this on the show one time, and I'm going to do a terrible job of articulating it, but talking about how...
You know, you've got the tech elites or the Silicon Valley elites, and you've got the Wall Street elites, and he painted a picture that those two are at odds.
Obviously, there's a Venn diagram there where they cross, but it is interesting to take note that right now Wall Street is taking a bath right now.
But let's get to the medicine comment, because I think that's where we're going to start today.
We've got Donald Trump here giving one of his, you know, these are now becoming pretty Things are going to straighten out, but we've got to take our medicine.
Listen to this.
Is there pain in the market?
At some point, you're unwilling to tolerate this idea of what Trump would.
Is there a threshold?
I think your question is so stupid.
I don't want anything to go down, but sometimes you have to take medicine to fix something.
We have such a horrible, we have been treated so badly by other countries because we had stupid leadership that allowed this to happen.
They took our businesses, they took our money, they took our jobs, they moved it to Mexico, they moved it to Canada, they moved a lot of it to China, and it's not sustainable.
We're not going to do it.
Now we have hundreds of billions of dollars that's pouring into our country.
On a monthly basis, it's pouring, it's already started.
Because they put tariffs on it.
And eventually it's going to straighten out and our country will be solid and strong again.
And again, what we talked about on Wednesday, which was Liberation Day, by the way, thank you for your prayers.
In my area where I live in Arkansas, we have been, well, you probably saw it, Lake City, Arkansas, just getting that, was it an EF3 tornado?
I haven't even looked to see what it was.
I think it was a minimum of that.
And I saw the devastation personally on Saturday night.
Thank you for your prayers for this area.
It's not just Arkansas.
It was just this giant line of storms.
Now we're in the midst of flooding.
Rivers are not going to crest for a day or so.
We covet your prayers, by the way.
All of these people that have been affected by these storms, the loss of life, loss of property, it's absolutely devastating, but we do appreciate it.
On Wednesday, we did the show, and then from Wednesday night, it has just done nothing but rain.
I can't tell you how many times I've been in a basement over the last five days.
It's been absolutely crazy.
I wasn't able to do a show on Thursday just because of sheer tornado exhaustion all night.
And then thankfully for Friday's show, when we had that up early on at my Substack, paultalkshow.substack.com, for those of you who want to listen early, but we sat down with the Tesla owner, Jacob Holloway.
That show actually aired across Ex-American News and other platforms on Friday.
Had a good time with that.
So this is my first time back in the chair here live, I guess, since Wednesday.
So a lot's gone down, but I really wanted to say that.
I appreciate your prayers.
Please continue to pray for those people in the South who have lost everything and the weather.
We've got to take our medicine.
It's fascinating.
Real quick.
I don't want anything to go down.
But sometimes you have to take medicine to fix something.
We have such a horrible, we have been treated so badly by other countries because we had stupid leadership that allowed this to happen.
They took our businesses, they took our money, they took our jobs, they moved it to Mexico, they moved it to Canada, they moved a lot of it to China, and it's not sustainable.
We're not going to do it.
Now we have hundreds of billions of dollars.
Okay, so again, the overall goal here, one of the goals when we highlighted this on Wednesday was, The fact that we're expected to spend $6 trillion this year as a country, and we're only going to take in $4 trillion.
You have $50 billion in tariffs, but they want to get that to $500 billion in tariffs.
Then you look at the tax cuts.
Donald Trump is trying to eliminate the deficit.
He's trying to actually turn the year-to-year financial situation into a surplus.
By cutting a trillion dollars in waste, fraud, and abuse with Doge.
So a trillion dollars, you cut that, and then all of a sudden you're not spending six trillion, you're spending five trillion.
You see how close you can get?
At least I think that's what is on his mind.
That's one of the things.
Then we get, yeah, this was the comment I was talking about, Tim Pool.
Trump did more to eliminate millionaires and billionaires this week than the left has done in decades.
This is, it's just a funny observation.
There's no way around how funny this is.
And you just look.
I've said, somebody said it.
I didn't come up with it.
The left gets mad when Trump steals their girlfriend on issues.
One of them was war.
The left used to be anti-war.
Trump ran on being anti-war.
We're going to see if that actually plays out.
I'm very skeptical.
There's plenty of chatter out there right now about how Israel is going to preemptively strike Iran.
And the United States is going to support that.
And then maybe even get us involved into another war in the Middle East, which is totally unacceptable and will destroy President Trump's anti-war legacy forever.
Here is Stephen Miller.
Talking about what the original sin was, the incentive to push our manufacturing overseas.
The original sin of how the modern economy in America is structured, the president talks about more than anything else.
I guess to Caroline's point about the overall economic vision, the original sin was that we created a tax system that punished you for making something in America.
And rewarded you for making something in China or a foreign country.
So in other words, if you had your factory in America, you paid a sky-high corporate tax rate, you were beaten to death with regulation, you had radically unaffordable energy prices, and Washington just in every way made your life miserable.
And the political class didn't do anything about it.
They allowed it to happen.
They sat by and watched it happen for decades.
And I actually think you've got some of these Republicans now that are coming out trying to file bills.
They're going to file bills to take the power of setting tariffs away from President Trump.
Obviously, he's got the veto power as well, so he can veto that legislation if it were to get out.
But it really is fascinating.
I think we're going to find it.
I think the politicians that crow the loudest, Are clearly the ones that are going to be benefiting from this system.
And right now, I mean, just bare minimum, the benefits are a high stock market.
The benefits are for these politicians, right?
This is how a politician gets in with a very minimal net worth, and then they get these insider trading tips, and then their net worth grows.
There's a whole, oh, what's it called?
There's like a whole organization that follows Nancy Pelosi's stock buying.
And then recommends to other people, hey, your portfolio should mimic and parrot Nancy Pelosi because you'll make a lot of money that way.
So now that the stock market is going down, D.C. is affected by this because this is politicians and all of the big corporations that support the politicians.
They're having a cow ride now.
And now you have people like Eric Erickson who are going to start talking about those of us who are like, hey, you know, America is not an economic zone.
America is a particular nation state for a people.
This guy here, Steve Cortez, says we must reorder the American economy to work for the masses of working class citizens.
Eric Erickson says, kind of borrowing a talking point from 2010, the right is starting to sound like Karl Marx, which should be a warning sign, not a good thing.
J.D. Hall says, this post is why unipartiest like Erickson ran the GOP.
We didn't win elections.
Being concerned about the wealth gap is not Marxist, and alleging such is a good way to go back to the Republicans hate poor people narrative that marginalized us since the 1940s.
There's a big problem leading to the poor getting poorer and the rich getting richer, and that problem is unsustainable.
I thank God that populism is placing Erickson and the neocons like him in the time-out corner.
Also, our friend Charles Haywood over at the Worthy House saying that the S&P 500 has doubled in the past five years.
Does anybody with sense think that the companies that make up the S&P 500 have, on average, doubled in their prospects over that time?
Of course not.
It's all just financialization driven by interest rate manipulation, speculation, and other forms of chicanery.
Well, yeah, you know, I don't know.
Maybe this has always been the case because I'm not a financial guy.
I wasn't a business major or anything like that, but it seems to me that the stock market, And this whole idea of, you know, IPOs and taking a company public, it's not really about what the company is actually worth.
It's what you can convince people it's worth.
Now, maybe it's always been that way, but certainly I think there's maybe varying degrees of where the emphasis is.
Are we actually worth this, or is it all psychological?
A lot of the market is psychological.
It just seems kind of...
I mean, that's just smoke and mirrors.
That's just fake, right?
We're not actually worth this, but we're going to do our best to convince the market that we're worth this and take everybody's money.
Again, based on future cash flows.
So, anyway, it's just there's a total disconnect between average Americans and what goes on on Wall Street.
I think we know that.
Here's Scott Bessett talking about the bodybuilder analogy.
It would have been really fun for me to come in and just keep issuing a lot of debt.
It's almost like a bodybuilder is taking steroids.
Outside looks great.
You're muscular.
Inside, you're killing your vital organs.
That's what was going on here.
But it would have been easy to keep pumping up the economy, borrowing a lot of money, creating a lot of government jobs.
There was no controversy when we're doing all that.
But you were going to end up in a calamity if you go back and look.
You look at the financial crisis in 07-08.
Economy looked great right up until then.
You go back and you look at the end of the dot-com bubble and then the whole credit problem, the fraud at WorldCom, Enron, some other companies.
Economy looked great until it didn't.
And I think one of the things that we won't get credit for, but that this administration will have done, is avoiding a financial calamity.
Interesting. Because there's people right now saying, oh, this is the financial calamity.
But he's exactly right about the bodybuilder.
I thought that was really good.
So yeah, for those of you who don't know, that was Scott Besant on Tucker Carlson.
He went on Tucker Carlson's podcast, I guess, the day after or the day of the tariffs, the Liberation Day, either on Liberation Day or the day after.
But this is really the clip that has been making the rounds about how Wall Street does versus how the rest of us do.
And this really gets to the populist.
The next 40% owns 12% of the stock market.
The bottom 50 has debt.
They have credit card bills.
They rent their homes.
They have auto loans, and we've got to give them some relief.
I was struck by the statistic from last year.
That's the message right there.
Just as a bystander, I'm like, wow, okay.
I will say, that very much is, that used to be what the Democrats would say on the campaign trail.
That was their goal, right?
You know, Barack Obama, so millionaires and billionaires don't pay their fair share.
You know?
That used to be the thing, and so that used to be the, that was the narrative, and now, I'm sure they would still say that, they would maybe disagree with the tactics, but it is fascinating.
I've said for a while that, you know, everybody has said this for a while, not just me.
You know, Donald Trump really, in many ways, is like a 1960s Democrat.
Go back and listen to JFK and his idea of economics and tax policies and tax cuts and everything else.
But here's a rhino congressman by the name of Don Bacon from Nebraska.
I know you are introducing companion legislation to what Senator Cantwell just laid out for us.
But as I understand it, in the House, Republican leaders have already restricted the ability to rein in changes to the Mexico, Canada, and China tariffs.
They've tucked language into the continuing resolution.
Does that get in your way when you are trying to now claw back some congressional control of tariffs?
Well, first of all, good morning, Margaret.
Thanks for having me on.
And I enjoyed listening to Senator Cantwell.
I support the legislation that Senator Grassley, Senator Cantwell, we have I have some beginning support on the House side, which we'll unveil tomorrow.
It will be harder to pass this in the House, no doubt.
I think if we get 60 votes in the Senate, they'll put pressure on the House to look at this.
And if we continue to see the stock market go a certain direction...
There it is.
So the stock market go, if we continue to see a stock market go a different direction, they're going to try to rally D.C. for a mutiny against Donald Trump and his terrorist policy, which is something he campaigned on.
There's no one that's under any illusions.
Donald Trump campaigned on this every single stop.
He talked about tariffs, talked about how America's getting ripped off.
He's been talking about it since he went on Oprah back in the 80s.
This is not a new thing.
This is not a surprise.
This is very much what the American people voted for.
But I just want to reiterate, I don't think you can have this conversation about D.C. now trying to strip Trump's power from setting tariffs as the chief executive, the commander in chief.
I don't think that you can have this conversation fairly without talking about the amount of money Congress makes off the stock market by getting insider trading tips.
And they are mad right now.
Because of their own personal losses.
Period. They are upset because of the donor class and they're upset because if the stock market goes down, it hurts a guy like Don Bacon more than it hurts some average American going to work at a factory right now.
And so we need to be very skeptical about their principles.
Even Rand Paul, who's been super hardcore against tariffs for the last five days.
Trying to talk about how it's a tax, it's a tax, it's a tax.
And it's like, look, if tariffs are so bad, why do other countries put them on us?
It's just not as black and white as somebody like Senator Rand Paul would want you to believe.
It's just not.
And to that point, here it is.
Let's listen more from Besant on Tucker.
President Trump cares.
This administration cares.
And this is the first step towards realigning that a lot of our trading partners, including some of our allies, have not been good partners.
If tariffs are so bad, why do they have them?
Why do they have them?
Right? We have stopped making things, especially... A lot of things are relevant for national security.
I think one of the few good outcomes from COVID was we had a beta test for what maybe a kinetic war with a large adversary could look like.
And it turned out that these highly efficient supply chains were not strategically secure.
So that we don't make our own medicines, that we don't make our own semiconductors, that we don't make our own ships anymore.
So I think if I were to say, was there any good outcome from COVID?
It woke the world up to these supply chain problems.
The supply chain issue, certainly something that we have to talk about, not just With everything that happened with COVID, but just from a national security...
We have to make our own stuff at this point.
We have to make our own stuff.
And I think I have a tweet from R.N. McIntyre coming up about that very thing here in just a moment.
Let's see, what do we have next?
So in the 80s, so we've got Lutnik here.
And then we have that.
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So, many people are speculating that in response to the Trump tariffs, You have this announcement that the Federal Reserve is meeting today at 11.30am.
Are they going to lower interest rates?
Are they going to cut interest rates as the stock market continues to decline?
Will the Federal Reserve cut interest rates?
Many people also think this could give the United States government more freedom, more wiggle room to refinance our national debt.
But Tucker Carlson, we've been playing a lot of his interview with Secretary Besant.
He says, whatever you think of tariffs, it's clear that now is the worst possible time for the United States to participate in a military strike on Iran.
Tucker Carlson here, I mean, echoes my sentiments.
You know, as somebody who...
I'm sick of it.
I know you're sick of it out there as well.
And I just go back to Colonel Douglas McGregor.
And when he breaks down, and I don't know if Colonel Douglas McGregor is 100% correct, but it's a take that I haven't heard anywhere else in the media where he says, I mean, I tend to think he's correct, but he says that the United States getting involved in a war with Iran lasts about 7 to 14 days, and then we're out of ammunition.
I don't know, just interesting.
Food for thought there, as we talk about the tariffs and where we are right now.
Donald Trump is saying, look, we've got to take our medicine, which means things are going to get worse before they get better.
That's what you have to do when you're sick.
And interesting, so speaking of just geopolitical warmongering, There was a moment in this podcast where Besset and Tucker talked about the Nord Stream pipeline.
Europeans, we look back and there was a famous meeting where President Trump told the Europeans, you're insane for building Nord Stream 2. What are you doing?
You already get most of your energy from Russia and you're going to double down on it?
And they did.
And look what happened.
We blew it up.
Somebody did.
Probably Putin!
You know, it's interesting.
I mean, everybody knows the United States did it.
Or United States backed Ukraine did it.
It doesn't really matter.
It's just frustrating how the United States government won't admit it.
And I guess they won't admit it because if they did, it would be an admission of an act of war against not only Russia, but it's an admission of an act of war against Germany.
You know, for all the talk about Putin needing to agree to a ceasefire.
I think we need to remember, I mean, if you put yourself in Putin's shoes, NATO, let's just say NATO, blew up Russia, Germany and Russia's pipeline so that Germany wouldn't get cold feet about Russian sanctions.
I think we need to remember that.
Somebody somewhere in NATO said we're going to take this chess piece off the board.
We're going to take the pipeline off the board to where Germany isn't even tempted to go easy on Russia so that they can get access to energy to heat their homes in the winter.
We forget this.
There's a history here.
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Trump, again, speaking of NATO, blowing up Russia and Germany's pipeline.
Here's Trump.
This is what Clandestine says.
It says, Trump continues to build a case to leave NATO.
He points out...
How we have unfair trade deals with Europe and how the U.S. essentially pays to defend their continent.
Trump is getting, I'm sorry, Trump is cutting costs and NATO is atop the chopping block.
Listen to this.
I've spoken to many countries.
They all want to do it.
Just so you understand the power of what I'm doing.
Every country is calling it being very solicitous.
Except China.
Very, very nice.
And being very nice.
And we have to be able to justify where we go.
This is not sustainable.
The United States can't lose $1.9 trillion on trade.
We can't do that and also spend a lot of money on NATO in order to protect European nations.
We cover them with military, then we lose money on trade.
The whole thing is crazy.
And I got elected on that basis.
We explained it.
You know, the American people understand it a lot better than the media.
But the media understands it.
Much of the media writes correctly about it, I must say.
And I will just take this opportunity, any time I get a chance, I will remind you that NATO was created to protect Christian Europe from the godless communist Soviets.
Who are the godless communist Soviets now?
It seems like it's Europe to me.
They're the ones arresting people for praying outside abortion clinics or arresting people for social media posts that are politically incorrect.
They're arresting people for simply saying, hey, I don't think mass immigration is good for Germany or good for Britain.
It's totally changing the demographics of this country and making it a miserable place to live.
Straight to jail.
Who are the godless communists of today?
Honest question, but I think we know the answer.
J.D. Vance has tried to highlight this by saying, look, we still believe in freedom of speech over here.
Then we have this.
Is this Maria Bartiromo?
We're going to get to China here in a minute.
That's what we've been pointing out this morning.
And the president has been pointing it out.
Rates are plummeting.
Oil prices are plummeting.
Deregulation is happening.
We've got all of these things happening.
President Trump is not going to bend.
He told me.
You know, a number of times that he's trying to build the economy and make it independent as opposed to relying on China for things like prescription drugs.
And the trade war with China has certainly heated up today.
Here in just a minute we have that.
But there are some good things.
I mean, I would assume we're going to expect much lower gas prices for the average American coming up.
But here's Senator John Barrasso talking about how this is good for American cattle farmers.
Congress has given the president more and more authority on tariffs, specifically national security, for unfair trade practices.
President Trump is fully...
Within his authority.
And I appreciate what the president is doing on tariffs, specifically in our home state of Wyoming.
In terms of beef, the cattle producers, they're saying it is about time.
One of the countries that you just showed on that slip before I came on, Australia.
Australia has sold $29 billion worth of beef in the United States, and we haven't been able to sell one hamburger in Australia because of barriers.
I'll tell you this much.
If you can get the price of brisket back down to where What it used to be.
The reason brisket is a barbecue meat is because it used to be a cheap cut.
Brisket's high, man.
Brisket's too expensive.
There's all these barbecuers out there, myself included, that are racing to find what's the next brisket?
What's the next tough cut, tough muscle that's got a decent amount of fat content to render and make the whole thing tender?
People have gone towards beef cheeks.
Beef cheeks are even now getting more expensive.
And that may be because there's a lot of people who are barbecue enthusiasts like myself, an aspiring pitmaster myself.
But in terms of, I'm just saying personal here, this is a personal note, if you can get the price of beef to come down, I think the average American will be so, so happy.
There's a whole problem, by the way, though, as well.
There's a corrupt section in our agricultural industry here where the price of beef versus when it gets to the store, it's the meat packing plants and everything.
They've got their own lobbyists that work against the interests of the actual cattle farmers.
And then they kind of get in there and they capture senators.
They capture people who are on the ag committees and don't really want to do anything about it.
There's a big racket that's been going on in this country for a long time when it comes to beef prices.
Because if you look at the price of cattle, you say, okay, well, it should be much lower, but then it's not because the middleman is getting in the way and making it ridiculously expensive.
And I've talked to cattle farmers here in my home state of Arkansas, and they know that that is the case.
I've gotten that information firsthand.
So that's some good stuff.
But here's the deal.
This kind of goes back to what Trump said, or what Besset said about COVID and how the COVID supply lines highlighted a giant national security threat.
R.N. McIntyre reminds us about a very peculiar incident that happened last year.
Do you remember when Hezbollah had these pagers?
And Israel had a backdoor in these pagers and was able to trigger them to explode.
Okay. So, Aaron McIntyre says, however you feel about Israel's pager attack against Hezbollah, you should recognize it was a watershed moment in global trade.
Now, this isn't a unique take because I didn't hear this from anybody else, but it does really make you think.
He writes, the liberal global economic order largely survived on the idea that supply chains could be stretched as far as possible to increase efficiency.
The U.S. Navy kept the shipping lanes open And economic exchange could remain security neutral.
This was all based on the assumption that the U.S. would remain the undisputed global hegemon in perpetuity.
It was always insane to believe that this meant you could move the production of critical military hardware and medication like antibiotics to a country like China, but the U.S. did it anyway.
He says the pager attacks shattered the illusion.
...of security-neutral supply lines.
Countries can no longer pretend that a reliance on foreign goods and labor has no cost.
The post-Cold War Pax Romana is coming to an end, and countries who wish to survive will have no choice but to secure their own supply chains.
Many of the neocons on here like to portray Trump's attempt to reshore manufacturing as an outdated and ignorant attempt to bring back the middle class.
In reality, re-industrialization, which is what Besson said on Carlson, is an existential necessity.
So the idea is these pagers, and I don't remember where they come from.
Did they come from China?
The bottom line is Israel had a back door to where they could just send a signal and make them into bombs.
Your pager, psych, not just a pager, it's also an explosive device.
I hadn't thought about that, but he's right.
And I think that's another reason.
You heard this in the first Trump administration, all of the talk about steel.
That's why when Donald Trump got in in his second term, he issued an executive order back on February 10th of 2025, headlining adjusting imports of steel into the United States.
And in this, he says that the Commerce Secretary transmitted a report to him.
About the imports of steel mill articles on the national security of the United States, the impact of it.
And that's why he put, I think, a 25% tariff on that back then.
The idea is, look, we need to make sure that the steel that we use to make our weapons and our military vehicles, that sort of thing, that we carefully know the quality.
we know what kind of steel we're getting.
I saw a picture of, and I don't know if this guy, I don't know if it's because he was driving around in a lot of high salt, maybe a beach area.
Anyway, I saw a video over the weekend of a guy who has a brand new 2024 truck with 15,000 miles on it.
After 15,000 miles, the underside is just completely rusted.
It looks like the steel it was made out of was made out of a paper bag or something.
A lot of people were saying, well, that's because maybe he's driving through a lot of salt water or a lot of rain maybe around a coast.
One way or the other, I have no idea.
But it did make me think, wow, what kind of steel are we getting?
Where are we getting it from?
Whether that one example is true or not, I don't know.
But the supply chain, we've got to make our own stuff.
We've got to make our own stuff in-country, and this is why.
Many people are saying that what Trump has done on these tariffs is the beginning of the end of globalization or globalism.
Here is, let's see here.
Yeah, this was from earlier today.
Yahoo Finance stock market today.
Chaos breaks out on Wall Street as Trump tariff fallout continues to rattle markets.
So earlier this morning, U.S. stocks whipsawed on Monday, spending time on both sides of the flat line in a chaotic trading session that has seen multiple headlines push around a jumpy market as impacts from Trump's reciprocal tariff announcements continue to puzzle investors.
We've got near 11.30 Eastern time on Monday.
The S&P 500 was down 2.2 with the tech-heavy Nasdaq composite was down 2.1%.
The Dow Jones Industrial dropped 1,000 points or 2.6%.
But it says this, stocks briefly turned green after speculation Trump was considering a 90-day pause.
...to implementing the tariffs on Wednesday, but that was fake news.
I wonder if somebody probably made a lot of money on that announcement.
I spoke to Caroline Levitt, the White House press secretary, on the phone just a short time ago, and she tells me it is quote-unquote fake news that the White House is considering a 90-day pause.
So the White House pouring cold water on this idea, wherever it came from, that they are considering a 90-day pause on tariffs, saying that the president is committed to his tariff regime and any reports that he's considering.
So they're saying that that's what explained, like, look, this is what Charlie Kirk said.
He thought this was based on the European Union.
But he posted earlier the market quickly reversed, wiping out losses and moving rapidly into positive territory, presumably on news that the EU is willing to negotiate with zero tariffs.
This was not correct, apparently.
So this is interesting news about the EU wanting to negotiate with tariffs.
But according to what we now know, this was because there was a rumor out there that Trump was going to pause the tariffs for 90 days.
He said no.
So the stocks went up, and then the stocks came back down.
Here is the European Commission President Ursula von der Leyen.
Talking about negotiating tariffs.
We stand ready to negotiate with the United States.
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.
All right, so is she ready for a good deal?
She says she's also ready for countermeasures.
We've got Peter Navarro out there saying, though, that this is not just about tariffs.
This is also going to be other trade barriers.
So to bring our tariffs back down, to end these tariffs or lower these tariffs on some of these countries, Donald Trump's going to try to leverage other trade barriers as well out there that he doesn't like.
So these deals are going to be comprehensive.
I don't think they're just going to have to do with tariffs.
I really don't.
Alex Jones saying, Trump tells the globalists that the party is over, that the European Union...
So this is relevant to the head of the European Union here, Ursula.
Alex Jones posted this earlier.
Can you say, did you agree to lowering tariffs for any of the countries that you spoke to today?
What you understand, Jennifer, you have to understand this.
We have massive surplus countries that we're dealing with.
We have massive deficits.
We've got to straighten that out because you can't continue to be there.
It's been that way for years now and it can't go on any longer.
And we're the piggy bank.
We have all the advantages.
Forget markets for a second.
We have all the advantages.
We're going to straight out.
We're going to become a wealthy nation again.
Wealthy like never before.
And we're not going to let other nations that have been ripping us off, whether it's China or the European Union, with all of the European nations that have just made, it's been like a feast.
Look, the European Union was formed for one reason.
You know what that was?
To rip off the United States.
So put that in your bonnet.
I hope you had a good flight.
Put that in your bonnet.
All right, so this is Ursula von der Leyen.
She is going to have to negotiate with Trump, and Trump says that basically her entire, you know, the entire utopia...
Fake utopia that the European Union was supposed to be was created to rip off the United States.
Number one reason.
Number one reason to rip off the United States.
What is this clip here?
I think President Trump is a dealmaker.
He threw out the most significant, worst unexpected tariffs on what he called Liberation Day, and that's probably the high watermark.
From here, he uses that as a negotiating lever, and you've got all of these countries.
Yeah, you use it as a negotiating lever, but we also have to deal with China, okay?
Donald Trump posting this on his Truth Social.
Yesterday China issued retaliatory tariffs.
Of 34% on top of their already record-setting tariffs, non-monetary tariffs, illegal subsidization of companies, and massive long-term currency manipulation, despite my warning that any country that retaliates against the United States by issuing additional tariffs above and beyond their already existing long-term tariff abuse of our nation will be immediately met with new and substantially higher tariffs over and above those initially set.
Therefore, if China does not withdraw its 34% increase above their already long-term trading abuses by tomorrow, April 8, 2025, the United States will impose additional tariffs on China of 50% effective April 9. Additionally, all talks with China concerning their requested meetings with us will be terminated.
Meaning, if you want to negotiate this at all, you better reverse.
He says, negotiations with other countries, which is what Bart Romo was just talking about, which have also requested meetings, will begin taking place immediately.
Thank you for your attention to this matter.
China is accusing the United States of bullying their country.
It says the United States is being a bully on tariffs.
What a time to be alive, ladies and gentlemen.
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We got an interesting situation in Colorado.
We briefly covered it last week.
The Trump administration.
We've got Colin J. Smothers is urging the Trump administration to sue Colorado immediately because of this new law that the House Democrats there have passed a bill that makes misgendering a child an act of discrimination.
Which would then mean that the state can take the children away from parents who refuse to go along with the left's woke LGBTQ, RST, LNE, would-you-like-to-buy-a-vowel sex religion.
This is big, and Colorado's a blue state, and it's going to come to all these other blue states.
They're going to try to make...
They're going to try to compel speech, right?
This is actually what Jordan Peterson fought at the University of Canada years and years ago.
Now it's coming.
They are trying to push back against the majority of this country that doesn't believe transing kids is healthcare, that doesn't believe taking kids to drag shows is good, that wants to ban it, that wants to stand up, wants to protect kids from this evil, doesn't want to sexualize kids, doesn't want to normalize pedophilia.
They are now going to push back.
As you know, they see themselves as having the moral high ground here, when in fact they don't.
They're the immorals.
But they're going to push back with great vigor in these blue states while they can.
Which means you're going to continue to see an exodus.
I mean, if I was living in a blue state, and I had a kid in public school, and now this was the, no, you're going to take my kid from me?
Well, then I'm going to move.
So yeah, I agree with this.
I think Pam Bonney should sue Colorado immediately.
To give these parents who don't go along with a woke sexual religion that live in Colorado a fighting chance.
I completely agree with that.
Megyn Kelly went viral for this clip.
We talked about it earlier.
Listen to this.
Here's what's happening on the right.
Young women, and I talk to young conservative women all the time about their lives and their goals and the things that they want.
What's happening is they can't find men who are Maybe more conservative.
Usually they're looking for somebody who is religious.
A lot of conservative women tend to be God-loving conservatives.
And they can't find a lot of young men who want to marry a working woman now.
So they're God-fearing conservative women, but they want to also be career women as well, according to Megyn Kelly.
This is an actual problem that's coming up on the right.
And to me, it's so sad because it's like, how do we get to the point where we're now telling young, conservative, amazing women that they're not attractive if they also work?
If they choose to, let's say, do what I'm doing and what you're doing and get their voice out there.
But I'll stick with me just because I think conservatives listening to this will like the thought of another Megyn Kelly voice up and coming.
Well, why wouldn't we want that?
Why would we take somebody who's talented in this field and really wants to make a difference and have the messaging to her be, you're really not that valuable unless you give it up and go into the home and only have a family and only raise a family.
So, Megyn Kelly here is highlighting that there is, according to her, her testimony is, there's a growing group of men that are done with feminism.
And they're done with the gynocracy, and they don't want to marry a woman who doesn't want to be a traditional wife and mother.
And she has a problem with this.
Not only are we sending her that message, but young men are actually believing that.
They're actually believing it, especially on the right, because the trad mom has gotten so popular.
Well, no, they're believing it on the right because it's now their conviction, And they're saying, I want to do things differently.
Like, I remember, you know, maybe their mom wasn't like that.
Maybe their mom was working.
Maybe they remember their grandparents.
And they remember the traditional roles that their grandparents exhibited.
And it's like, no, if we do that, we're not going to have any strong conservative or right-leaning women to provide a role model for younger conservative women who, and there's nothing to apologize for here, don't.
Well, then, I mean, this is really just about freedom of choice, right?
I mean, this is the thing.
I mean, you can say trad moms have gotten popular or trad wives or whatever, but you've got a bunch of young men who have been told their whole lives that they're the problem and they're recognizing, no, actually, we're the solution.
And the solution is building families that...
That actually have a definition.
We can actually define what a good family is, or at least attempt to, versus what it used to be or what it is now.
Eric Kahn writing, Megan can't figure out why men don't want to live in the longhouse with a boss babe wife.
A godly man wants a godly woman who works to build his productive household, love his children, and love him.
It's really as simple as that.
It's as simple as that.
And that's not to say that there aren't any women out there who also work as well and things are going great and they're in biblical, loving Christian homes and building Christian families.
I know that still takes place.
But she's talking about the phenomenon of up-and-coming young men who are, you know, they have an ideal of what they want in a spouse.
This is the biggest decision of your life.
Who are you going to spend the rest of your life with?
Who are you going to make a family with?
And people are, and young men are now putting, according to her, are putting out their expectations and they don't care if it's politically incorrect and they don't care if it insults.
Matter of fact, if it insults the person they're courting or dating, then well, I just won't, have fun, you know, have fun in your 20s and 30s not getting married.
And this goes right into the situation we saw with proxy voting last week in Congress.
Historically, it's been much more wealthy, you know, older men who serve in Congress.
This isn't designed for young families and for young women especially.
Congress was designed and built for old white men to represent themselves.
So here you have these Democrats and Republican Annapolina Luna and...
You know, Matt Walsh is saying this is a joke.
These women were sent to Congress to represent their constituents, but instead they're wasting time fighting for accommodations for themselves.
It's grotesque.
If you can't handle the job, shut up and go do something else with your life.
Like Congress, the whole legislative process, you're right, legislative process was not built for people that have to take care of infants.
Jeff Younger writing, this is what women do when they enter institutions.
The Constitution forbids proxy voting.
Women don't care in this respect.
Not all women.
Marjorie Taylor Greene actually is against this idea.
But it is something interesting.
You go back to Nancy Mace talking about how, I want to stand up for female spaces, and I don't want trans people in women's bathrooms.
That makes me uncomfortable.
She's exactly right.
But yet she went into an all-male space at whatever military academy she went to.
I can't remember.
The Citadel.
And she was the first woman to be allowed to do that.
It's like, so...
Female spaces are fine exclusively, but you can't have exclusive male spaces.
Which brings us to my favorite segment of every show.
When we get a chance to do it, here it is.
And let us confess our faith today in the words of the Sparkle Creed.
I believe in the non-binary God.
And now it's time for I'm Already Against Female Clergy.
You don't have to convince me.
All right, so for this edition of I'm Already Against Women Clergy, You Don't Have to Convince Me, it is once again courtesy of Protestia.
This is a United Methodist minister, a pastor explaining that praying to God as our Father is just painful.
Our Father.
Today we shift ever so subtly from our to Father.
What does it mean that we address God in this way?
What does that tell us about God about our relationship to God and our relationship to each other?
Whether you pray our father in heaven or our mother in heaven or our parent in heaven It makes no difference in terms of the prayer itself However It can make a tremendous difference in the life of the one who is praying for with strained
Where one's parent or caregiver has been unloving or abusive, it can be damaging to pray to God and think of God as parent, especially if doing so projects abusive qualities onto God.
So in that situation, I might counsel a person to consider shaping their prayer around a different metaphor.
Our creator.
Or our good shepherd.
If these metaphors have positive associations.
But it could even be something like our Sunday school teacher.
Our grandmother.
Our coach.
Our mentor.
Whatever will elicit from you this sense of belovedness.
It's all about me, me, me.
Instead of God the Father.
You know, the actual theological, like, you know, it is true.
Parents are not perfect, and kids end up realizing that at some point in their lives.
But you know who is perfect?
God the Father in heaven, who can actually fill whatever emotional damage that you think that you've incurred or have actually incurred.
The recognition that my Father in heaven is perfect and meets all of my needs, especially in Jesus Christ and his gospel.
Not to say, well, don't call him father then.
No, that's how we are instructed to pray our father, and he is.
Again, they can't help it, right?
The gynocracy, the longhouse, it's real.
Anyway, that concludes our segment of...
I'm already against women clergy.
This has been I'm Already Against Women Clergy.
You don't have to convince me.
All right, ladies and gentlemen, that is all the time that we have for this edition of the Millstone Report.
Thank you so much for being with us.
Unless I'm providentially hindered, I'm going to be back here tomorrow wishing you a happy Tuesday.
I hope you enjoy the rest of your Monday.
And again, I hope you had a great weekend.
Thank you so much for watching.
God bless, and we will see you tomorrow.
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