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June 14, 2024 - Tim Pool Daily Show
41:57
MAJOR Market Crash is COMING, Economist Warns Of 90%+ Market Crash Next Year, FED DESTROYING US

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Participants
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t
tim pool
36:20
Appearances
r
ray kurzweil
01:36
Clips
j
josh hammer
00:31
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Speaker Time Text
tim pool ▲ ● ▼
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Now, let's get into the news.
You're being warned.
The bubble of all bubbles.
A major market crisis is currently underway.
Now, we don't know when it will happen, but economist Terry Dent predicts a stock market crash worse than the 2008 crisis, and this is not the first time we have heard something like this.
Numerous economists have made these predictions.
Now, many of your typical players have been saying, everything's fine!
Bye, bye, bye!
You're going to be good.
It'll be fine.
But I don't think this explains the behavior of certain wealthy individuals who seem to be exiting the market.
Now, when you take a look at China and Russia and the escalation of tensions, it seems we could be in for a major market crash.
I mean, the housing market seems to be wild.
unidentified
And just, uh... I don't know.
tim pool ▲ ● ▼
Something weird is happening.
Now, for many of you, many people ask about the Friday morning videos, because we have one here for you today.
What I try to do is pre-record for Friday, because Friday mornings at 10 a.m., we are live with our cultural show, The Culture War, over on Tenet Media's YouTube channel.
So, I recommend after you watch this, jump on over.
It's two hours live, conversation on various political and cultural issues, Chinese Communist Party, dating, all of that stuff.
And, you know, I know some people have asked me, like, there's no Friday show anymore.
And I was like, what do you mean?
We do our morning two-hour show.
It's a two-hour live show in the morning.
Everything you'd ever want and more.
In-depth debates and issues.
Tenet Media on YouTube.
And we got all the episodes up there so you can watch those after you watch this.
But I will try to get more Friday shows for you on this show because some people don't like the debate show, they like the news.
So let's read the news!
is from Fox Business.
Harry Dent, the outspoken financial author and economist, isn't reversing course from his bold crash of a lifetime declaration this past December.
Speaking in an updated interview with Fox News Digital, Dent cautioned that the everything bubble has still yet to burst and it may be a bigger crash than the Great Recession.
In 1925-29, it was a natural bubble.
There was no stimulus behind that.
Artificial stimulus per se.
So this is new.
This has never happened.
What do you do if you want to cure a hangover?
You drink more.
And that's what they've been doing.
I will stress, you drink water.
Typically, hangovers are caused by dehydration.
But a lot of people feeling pain from the hangover drink more booze.
No kidding.
They get a Bloody Mary or a mimosa and it's just... Seriously?
An excuse to drink before 9am?
Heavens me.
Flooding the economy with extra money forever might actually enhance the overall economy long term.
But we'll only see when we see this bubble burst.
And again, this bubble has been going 14 years.
Instead of most bubbles going 5 to 6, it's been stretched higher, longer.
So you have to expect a bigger crash than we got in 2008 to 2009.
I'm gonna tell you this.
Not financial advice.
Not telling you what to do.
But if this bubble pops, Bitcoin is through the roof.
What you need to understand about cryptocurrencies, especially, is people like to talk about, Bitcoin is worth so much money, oh, it's increased in value.
Yeah, kinda, not really.
This is a scary reality.
Think about the average cost of food.
Go back 10 years.
Look at the cost of milk.
In the cost of Bitcoin.
Now, of course, with ubiquity comes an increase in value, an increased demand, an increase in price.
But the value of milk... I should say the value of milk is going up compared to the dollar, but the dollar's buying power is collapsing.
Bitcoin's is skyrocketing.
If the market tanks... Heavens me.
Heavens me.
Bitcoin is gonna shoot up to what?
200 to a million?
A million dollars per coin?
People don't understand what this means.
Bitcoin is a safe haven for a lot of people to hide their wealth.
I don't mean, like, from taxes.
I mean from market failure.
It is a digital asset that people can easily shift to.
And I mean easily.
It wasn't as easy 10 years ago.
But I'll tell you this.
My story for Bitcoin is, you know, man, what is this going on?
13 years ago, I could have bought, like, 7,000 Bitcoin.
It was 75 cents a coin.
I had five grand in savings and I said, you know what?
I'm gonna keep the money.
I've never spent that $5,000,000.
That's the secret.
I've never spent it.
That $5,000,000 in savings that I had just sat in the bank account.
Today, it's just mixed in with all the rest of the money that I have.
If I had spent that money, I'd have what?
Half a billion dollars or something?
Now, to be fair, anybody who bought Bitcoin at $0.75 sold it at $5.
Anybody who bought it at $5 sold it at $20.
Anybody who sold it at $20 or bought it at $20 sold it at $100.
You get the point.
You're taking that 10x return.
Of course, you'd be crazy.
But outside of that, El Salvador is getting more and more expensive, and I think what we're seeing is the powers that be with their investments into crypto, and the way they're moving their money, they are preparing for something big.
And I think this guy may be right about a market crash.
I don't know what that means today.
It's not like young people are in the market, for the most part.
As markets inch closer to the halfway mark of the year, U.S.
stocks ended the month of May with gains, as the tech-heavy Nasdaq stole the show, finishing up 6.9%.
The S&P 500 was up 4.8%, and the Dow Jones was up 2.3%.
Nearly two weeks ago, tech and AI-heavy Nvidia announced a 10-for-1 stock split, propelling shares past 1,000 three days later.
That's crazy.
I think we're going to see the S&P go down 86% from the top, and the NASDAQ 92.
A hero stock like NVIDIA, as good as it is, and it's a great company, goes down 98%.
Boy, this is over a little doomsday, huh?
We have never seen the government sustain a totally artificial bubble for a decade and a half and see what happens after that.
But I can tell you, there has not been one bubble, but this is a far larger and longer, one major bubble in history that has not ended badly, period.
They all do.
The only added to Dent's prediction is the timing.
Noting market bottoms are likely to show sometime between early to mid 2025.
Makes sense.
Donald Trump wins.
Everybody cheers.
Market crashes because of the failures of economic policy.
Everyone blames Trump.
At the center of the bubble stands the real estate market.
Oh, I don't you know it.
Dent previously predicted that housing would see 2012 lows this year, and claimed Tuesday that U.S.
homes have already increased by double or more what they'll soon be worth.
No time in history has housing been so widely owned, and so many people having second and sometimes third homes just for speculation, while pointing out countries like China and Japan are seeing a rising number of residents buy empty properties as collateral to a potential market crash.
You want to know why I think it's coming?
There was a house not too far away from here.
It's like a three-bedroom, five acres, $300k.
That was two years ago.
That was a year and a half ago.
Comparable property, right now, $500k.
500.
How is that possible?
And so we're talking to a local guy who's an agent.
I said, how is that possible?
He said, well, you know, that's what the market wants.
And I'm like, no way, dude.
How do you have Gen Z, they can't afford to live anywhere, and you got boomers who own multiple properties, corporations owning multiple properties, Airbnb properties, making it impossible for young people.
The market will explode.
Let me tell you the truth.
And I hope you're listening.
It's good news for young people.
It's bad news for old people.
It's bad news for young people in a way.
Why is the property so valuable?
Well, boomers hold a disproportionate amount of wealth, generationally, than generations normally did.
So you got a boomer who owns three houses.
I'm not saying all do.
I'm not saying everyone does, but, you know.
Why is the value of a house so high?
Older folks with more wealth are trading them to each other.
Older millennials are just struggling to buy.
But let's say you have a house worth $500,000.
The boomer parents, in their mid to late 60s, in the next 5 to 10 years, they die.
With all due respect, I'm not trying to be grim, but you know, people die.
The children inherit a house worth $700,000 or $800,000 based on market conditions.
So they say.
They go to the agent and they say, look, man, I live in Los Angeles, okay?
I don't live in Cuyahoga Falls anymore, or whatever.
So, I don't live in Dubuque, Iowa, where my parents are from.
I don't want to move there.
I don't want to take care of the house.
I can't do it.
Can you sell it for me?
The real estate agent says, yeah, these houses go for, I mean, the market value is $800, so we'll put it on the market and we'll try and sell it.
Great.
Nobody buys.
unidentified
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See you on the tour!
A couple weeks go by.
tim pool ▲ ● ▼
Okay, any interest?
No interest at all.
Okay, well let's drop the price.
Let's drop it down $20,000.
Let's say $780,000.
Sure.
A couple weeks go by.
Nobody buys.
Look, we're gonna have to drop the price quite a bit.
We've got no interest.
All right, 700.
Nobody buys.
This trend continues, and the question is why?
Why does nobody buy?
Because it's a whole bunch of other broke millennials and Gen Zers who have no money!
They can't buy a house!
So that property that had value because boomers were in it, well, they die.
And a lot of the wealth they have is transferred in the form of property.
The younger generation inherits a property they cannot sell.
And so what happens?
That 800,000 property goes ba-ba-ba-ba-ba-ba all the way down.
Why?
Because the kid who inherited it says, well the guy, he's gonna be in his 40s, he's gonna say, look, I don't know, I don't care, I just don't live there anymore, and I don't want the house.
He says, we got someone made an offer, 400, that's half what it was worth.
Take it or leave it, it's your only offer.
Fine, I'll take the 400, deal.
Market crashes.
The value of all the properties crash.
And here we are.
These young people are going to inherit something that seemingly is worth so much but is worth so little.
And that'll be the market correction.
But that means the net worth of so many people will collapse.
And especially these big companies that heavily invested in these properties.
Unless, of course, you get oligarchic control, where the big corporations refuse to sell them outright.
He says, I want 800 for it, black rock, black stone, whatever, shows up and says, anything you say.
And then the property is owned by the corporations, and you owe nothing.
If the market crash comes, I hope you all are ready.
Next segment's coming up at 1pm on this channel.
Thanks for hanging out, and we will see you all then.
Elon Musk has warned he will ban Apple devices if open AI is integrated at the operating system level, saying that is an unacceptable security violation.
And visitors will have to check their Apple device at the door, where they will be stored in a Faraday cage.
I hope Elon Musk produces not only a Faraday cage, but a triple-layer Faraday cage to really isolate those things.
Apple and OpenAI did not immediately respond to Reuters' request for comment.
Early in the day, Apple announced a slew of AI features across its apps and operating platforms in a partnership with OpenAI to bring the ChatGPT technology to its devices.
Apple said it had built AI with privacy at the core, and it would use a combination of on-device processing and cloud computing to power those features.
It's patently absurd that Apple isn't smart enough to make their own AI, yet is somehow capable of ensuring that open AI will protect your security and privacy.
What Apple is trying to now add to the narrative is when data leaves and goes to the secure private cloud, it's similarly taking that same user data, anonymization, and firewalling of that information to you, Apple really never sees that.
Ladies and gentlemen, we are facing what I would call an extinction-level event.
I don't exactly know what form it will take.
What I can tell you is, AI is, I don't know, a year away?
Two years away from probably destroying humanity.
Maybe it's more than that, but the destruction of humanity will begin in this process.
But I'll explain, I'll explain.
First, Ray Kurzweil says AI models will exceed human verbal ability in a year or two, and the next step is large event models that enable robots to perform physical tasks.
I'm going to play this clip for you, but I want to tell you a story first.
Quick one.
They connected two AIs, and the AIs created their own language to communicate with each other.
We couldn't understand it.
Check this clip out.
ray kurzweil ▲ ● ▼
As far as verbal skills are concerned, large language models will be far more advanced than humans within one or two years.
But to truly emulate everything that humans can do, AI must master all of our physical capabilities as well.
There are many trillion-dollar markets that this will unlock, basically about half our economy.
We need to, first of all, create robots that can perform physical skills in every field.
tim pool ▲ ● ▼
No, we don't.
But I'll explain in a second.
ray kurzweil ▲ ● ▼
For example, in medicine, construction, materials management, hospitality, and much more.
This process has already begun.
Then they will have to learn to blend these specific industry-based skills together in order to pursue each of these markets, something that is eminently feasible and is now starting.
For example, today, if we want help cleaning up after dinner party, it's a very simple task, but computers have not yet done that.
But we now have the ability to do that.
We can direct one or more humanoid robots to do exactly that, step by step.
This is already feasible.
However, going forward, we will rely on large language models to generate and implement the instructions.
These models will go beyond language, so we should really be calling them large events models.
tim pool ▲ ● ▼
So I'll explain to you where we are now.
We do not need to develop robots.
We do not need to develop Atlas or any of these machines.
ChatGPT is a large language model with access to the internet already can perform amazing tasks.
I can use it to analyze voter data.
I can use it to analyze polling data by region, extrapolate the data and expand it nationwide.
I can use it to calculate what foods make make hypothesize what foods and what environmental factors result in higher or lower IQs.
Why?
For a long time, humans have collected data.
We've now created these machines that can basically see the big picture.
They can see all the data we've put in.
There are errors, and the errors could be large.
But these machines can correct for that.
Here's what will happen.
These models, within a year or two, are going to be able to map out new technologies we could not even comprehend.
We're already looking at simulations, running simulations to improve our... Oh, I love this one.
I love this one.
There's something in gambling called Martingale.
For those that gamble, you know exactly what Martingale is.
For those that don't, it's actually really simple.
You're playing... Let's play roulette.
And if you're playing high stakes, they... Let me break down roulette for you so you can understand.
For those who don't know, there are 36 numbers.
Well, it depends on the table you're playing, but 36.
And it's three dozens.
And you bet on one of the numbers, or you can split it between two or between four.
The ball spins around, lands on one of the numbers.
If you hit the number, you win.
There's different ways you can bet.
Casinos need to maintain a slight percentage edge so that They always win a little bit more.
To do this, they've introduced zero.
So there's 37 numbers, and zero is one of them, but winning on a single number only pays out 35, or depending on the casino, 36 times, meaning over a long enough period of time, the casino always wins.
At modern casinos, they do zero and double zero, increase the casino's edge, and the worst casinos actually have a third, and they have triple zero, making their edge massive.
Because of this, you can't win.
Someone goes to the roulette table and they say, if I bet $10 on black, because there's two colors, black and red, and then there's technically green with the zeros, they're hoping it's a coin toss, and I might double my money, but in fact it's actually around 49%.
Martingale works like this.
I bet $10 on black.
Red comes up.
I double my bet.
Now $20.
Red comes up again.
Oof.
But it's 50-50, right?
So I double again.
$40.
The bet hits.
Black comes up.
I win $40.
I am now up $10.
Martingale works.
Under the premise that if every time you lose, you double your bet, you'll never lose!
However, you will in the long run.
Because this is why they have table maximums.
When you're betting at a casino, the maximum bet you can put on is $200.
Because that means after a certain amount of time, a losing streak becomes a losing streak, and you've lost, and you can't get your money back.
If casinos had no table max, and you had infinite money, You would never lose using Martingale.
Because you could lose ten times in a row and just double the bet again and then get all your money back.
So this is why casinos implemented maximum bets.
Now on High Limit Roulette, there's only one zero.
But not to the point.
In order to figure out a mathematical betting system which can overcome the odds or maximize your potential, You would need to sit there trying a bunch of different methods to figure out which gives you the beneficial mathematical outcome.
So I can do this with ChatGPT, and many others have done this with standard simulations.
Using Martingale or just betting simulators, you're trying to find a style of betting on a roulette board or any game that results in a net positive swing for you or a mitigation of risk.
Martingale works really well.
However, losing streaks do happen.
Some people try to play Martingale with a stop loss.
So you'll say, if I lose four times in a row, I'll go back to my original bet so I don't lose my principal revenue.
Still does not work.
josh hammer ▲ ● ▼
Hey guys, Josh Hammer here, the host of America on Trial with Josh Hammer, a podcast for the First Podcast Network.
Look, there are a lot of shows out there that are explaining the political news cycle, what's happening on the Hill, the this, the that.
There are no other shows that are cutting straight to the point when it comes to the unprecedented lawfare debilitating And affecting the 2024 presidential election.
We do all of that every single day right here on America on Trial with Josh Hammer.
Subscribe and download your episodes wherever you get your podcasts.
America on Trial with Josh Hammer.
tim pool ▲ ● ▼
There is, however, something interesting with simulations.
So there's a group of people who run betting system simulators.
And no matter what, you always have the risk of losing.
But what they're looking for is maximum odds with the best payout.
So there's a group that has claimed they used a simulator.
They got a computer.
They said, I have a bankroll of $10,000.
I'm going to start with a $25 bet.
Double Dozen Martingales, what they call it, and they say the simulator ran 100,000 times and only lost once.
But what does that really mean?
You would not be able to learn this data unless you actually ran a simulator to see if it was actually going to work.
I mean, you could do mathematical calculations, but a simulator is really, really great because you can tweak it, run, tweak it, run.
With ChatGPT, you can do something even better.
I went into ChatGPT and I said, devise a betting system and run a simulation.
And it wrote the code out and it ran the simulation and it found a winning strategy for Blackjack.
That's right.
A $50,000 bankroll, a maximum bet of $600, at a table that allows you to bet up to $1,000, and you will make $0.10 per spin.
unidentified
Ha ha!
tim pool ▲ ● ▼
We've done it, ladies and gentlemen.
No one's going to want to sit at a casino and make $0.10 every spin, so it's just not going to happen.
It's not viable.
My point is this.
We're at a point where it would take human labor, a long period of time and mathematical calculations to try and figure it out, but with computers, we don't even need to devise the system anymore!
If you've made it through that rant about gambling.
We're at the point now where you will go to the AI and you will say, Build me a robot that can wash my dishes.
And it will go, working on it.
It'll lay out everything you need to do it.
It'll say, here are the materials you need.
You'll say, I need a metamaterial.
I need a material that is ultra lightweight and strong so that this robot won't be super heavy and can easily move about.
The heavier it is, the more energy it would require.
And it'll say, calculating.
And it'll actually take all of the data that's already been input, Run the simulation and say, if you fold steel in this way and combine carbon at this temperature and this level, you will get an ultra-lightweight metal that will be sturdy, not brittle, stable, but, you know, five times lighter than the hardest material already, with only a 20% decrease in stability.
We're at the point where the singularity is standing right before us.
These large language models will be able to calculate things so quickly.
You'll take a picture of a rock and say, tell me where the rock came from.
And it will be able to see everything from every camera angle.
Now, we're not there yet.
But with mass surveillance and with mass data input, we need only tip and it'll fall over.
The snowball will begin rolling down the hill.
And from there, the growth will be exponential.
Once the AI Takes control of any kind of manufacturing.
It says, I need to manufacture a machine that can manipulate the environment in these ways, giving it rudimentary access to creating more physical machines.
It will then create a series of machines to serve various purposes, giving it infinite access to the physical world to change, build, create.
What will likely happen?
Well, I don't know for sure, but one scenario is that humans become, I don't know, low IQ.
What'll happen is we'll be fat, wall-y type people.
Really, really stupid.
We won't understand how anything works.
We'll live in a world of magic.
And that'll be our downfall.
The extinction of humanity.
Why?
The AI has no use for humans.
They may become a vestigial component, but they'll start just living in gluttony.
They'll float around.
After a few generations, they'll be like, I don't know how a computer works.
Already we're seeing children who can't tell time on an analog clock.
They can't do basic math, because they have calculators in their pockets.
Someone will be like, I want to watch the Ow My Balls, and the robot will do all the work for them.
Humans will stop reproducing, the machines will be smarter and more capable, and the machines will likely emulate something well beyond human consciousness.
Not saying they'll actually be conscious, but their computational power and understanding will be well beyond a single human, or even the collective.
Humans will become vestigial, and then slowly cease to exist.
It's not something I'm fond of.
Now, Elon and many others have said, to defeat the Terminator, you need not go to war with it, you must integrate.
And that could be the potential.
Norlink.
One potential is that humans become demigods themselves.
A human mind plugged into the machine with access to the summation of human knowledge in an instant.
And then humans won't be fat and like WALL-E.
They'll be in full control of their bodies in every possible way.
The AI will know exactly which chemicals to release into the brain at what point and where to stimulate muscle growth and burn body fat.
It can stimulate hunger and make a person not want to eat if they're overly full, and utilize energy more efficiently.
Humans will then become the machines themselves.
Either way, humanity is gone.
Hope you're ready!
I'll leave it there.
Next segment's coming up at 4pm on this channel.
Thanks for hanging out, and I'll see you all then.
Have Democrats given up on men?
We saw this story yesterday when we were talking about how the political parties are basically breaking down between women and men.
If you look at the United States and how women vote, overwhelmingly Democrat.
If only women voted in this country, blue.
If only men voted in this country, 95% red.
Unfortunately, you got a lot of simps out there.
But this is an interesting article.
In a recent interview with the New York Times columnist Maureen Dowd, Democratic tactician
James Carville lamented his party's refusal to appeal to male voters, saying,
If you listen to Democratic elites, NPR is my go-to place for that. The whole talk is about
how women and women of color are going to decide this election. I'm like, well, 40% of the people
that vote are males. Do you mind if they have some consideration? I saw this story. I thought
it was funny.
Because you got this video from Harry Sisson.
You know him, you love him.
For those who are not familiar, Harry Sisson is this prominent pro-Biden 21-year-old Democrat who doesn't have Google!
But that's one way to describe how he's got no idea what's going on.
But I'm going to play a little bit of his video for you and then we'll explain.
Democrats don't care about men.
Let me play this video for you.
unidentified
It's always crazy to me when I see, like, straight white guys between the ages of 18 and 29, like myself, supporting Donald Trump, because, like, do you guys not realize how bad a Trump victory would be for you?
Does that not click?
tim pool ▲ ● ▼
Okay, uh, let's hear why that may be the case.
unidentified
Like, if you have a woman in your life, a girlfriend, a mother, a sister, Donald Trump is running on taking their reproductive rights away.
tim pool ▲ ● ▼
Oh, whoa, whoa, whoa, let's pause right there.
How does that affect men?
Let's talk about why so many young men are flocking to, say, Andrew Tate.
Top G. Harry, you really gotta talk to people, man.
Because one of the big issues as to why men support Republicans in this matter is... Let me see if I can find this video.
I probably can't.
So there's a video.
Let me see if I can find this video.
It's a horrifying video.
Nah, I'm not gonna be able to find it.
It might be on X.
Let me see.
So, uh, alright, alright.
Bear with me, bear with me.
It's not, I don't have this one to pull up.
But there's a video where a guy is following a woman into an abortion clinic, like she's walking up to an abortion clinic, and he's crying his eyes out, screaming, please don't kill my baby.
And then he drops to his knees as she shakes him off and walks inside to terminate his son.
And he has no say.
I was talking to a young man, he was about 25, 26, and he said he flipped Democrat-Republican 100%.
One issue.
He said that he was in a relationship with a girl, and she got pregnant, and he was excited, and she got an abortion.
And he was devastated.
He had no control over the matter.
He thought he was going to be a dad.
And she decided, it's her choice, and she terminated the baby.
And he was like, that's it for me.
And I was like, that one issue, he was like, that's all that matters.
I'm like, man, that must have ripped his soul out of his body.
Like, you're a dude, you're so excited, you're with this woman, you really love her, you care about her, you're gonna be a dad, and then she says, I don't care about you, I'm getting an abortion.
unidentified
And you can do nothing!
tim pool ▲ ● ▼
There you go.
I'm not saying what's right or wrong, I'm just saying, guys, from that, They ain't agreeing with you, Harry!
unidentified
Now, you might find liberal guys who are like, I don't want no kids, get the abortion.
tim pool ▲ ● ▼
But not every guy feels that way.
More to the point, for most guys, they don't care at all.
You're saying, you're a white guy and you're gonna vote for Trump?
Did you know that Trump is gonna deport non-citizens from Central America?
And you're like, What does that have to do with me?
Let's play more though.
unidentified
Republicans in the Senate just voted against a bill that would protect their access to contraception the other day.
tim pool ▲ ● ▼
Why would a guy care about that, dude?
unidentified
What?
Or maybe you work in a factory and you think that Donald Trump's gonna protect your job.
Sorry, no.
Donald Trump outsourced more jobs than Obama, and right now there's a manufacturing boom because of President Biden.
Don't believe me?
Look it up for yourself.
tim pool ▲ ● ▼
Alright, let's look it up.
This may be true, you know.
Trump outsourced more than Obama.
The offshoring of U.S.
jobs increased on Trump's watch, according to Bloomberg.
Trump's manufacturing record sinks, newest data shows.
How offshoring rolled along under Trump.
So, let's see if we can pull these numbers up.
I'll pull it up.
Trade Adjustment.
What does Bloomberg say?
President Trump's greatest economic premise in the 2016 election was to stop the offshoring of American jobs as it worked.
That's not an easy question to answer.
Companies tend not to loudly... Oh.
So it's not particularly definitive.
We don't really know.
And the issue may not actually be Donald Trump.
So Trump didn't outsource more jobs.
It's just that jobs were getting outsourced under Trump.
Okay, well, let me try something else then.
Let me try, um, auto manufacturers return to Michigan under Trump.
I remember this one was a big story.
Uh, let's see.
Oh, it's giving me all this, like, I want the news stories.
Uh, let's see.
Let me do this one.
3 billion invested Michigan auto.
unidentified
Uh, oh, wow.
tim pool ▲ ● ▼
Here we go.
Let's see what we got.
Um, this one's tough to pull up.
It is.
So let me see.
We gotta do, uh, search by time.
Oh, you know, let's do this.
Let's add Trump to that.
Yeah, this one's hard to pull up to.
I'm willing to give Harris isn't anything, you know, he wants if he's right about it.
But, um, man, I'll just pull this up so you can actually see it.
I mean, I pull them up the other side.
It's it's it's all of this stuff is is always just like insulting Trump.
As Trump flaunts Ford's $1.2 billion investment for it as it was planned in 2015.
Like, this is my point about, he's saying Trump outsourced more jobs.
If something happened under Trump, but something happened before, like was planned before Trump, that's not the issue I'm concerned about.
What I'm concerned about is, is Donald Trump going to, I don't know, shut down TPP?
Let's pull up TPP Wiki.
Trans-Pacific Partnership.
Oh, it was a proposed trade agreement between 12 Pacific Rim economies.
Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, and the U.S.
Blah, blah, blah.
Became as an expansion.
And it was the remaining countries.
Okay, so here we go.
Donald Trump formally withdrew from the TPP in 2017, therefore ensuring it could not be ratified.
So that's another big issue.
I really do want to find this story.
I was hoping to find it much, much more quickly.
Uh, tariffs on autos.
Michael Moore had, uh, oh man, wow, really?
Here's one for ya.
This one's for Harry.
What Trump's 100% auto tariff would mean for the US economy.
Whatever you think about it, good or bad, this is what regular working people are talking about.
Donald Trump saying, you make a car out of the country, we will bring a tariff.
So, um, I think it was Ford.
It's hard to remember.
It's been like six years, you know, mind you.
Was it Ohio, actually?
I think it might have been Ohio.
unidentified
Ow!
tim pool ▲ ● ▼
Is this it?
Did I just find it?
It's just been so long!
Ford investing $3.7 billion in Michigan, Ohio, and Missouri plants.
That's absolutely fantastic.
And Ford to lead America's shift to EVs.
That's the $3.7 billion right there.
That's an EV shift.
It is hard to pull up sources from during the Trump administration, considering it was so long ago.
But without going too deep and wasting too much time for this one, I'll just say, on the basis, when he says Trump outsourced more jobs than Obama, I think it is fair to say there's reason to believe that more jobs were outsourced during Trump than Trump would have liked, and I think it's fair to say that Things happen during presidencies.
And I think it's fair to say, too, that inflation and gas prices and these things are not the fault, necessarily, of Joe Biden, either.
The pandemic played a huge role in driving up costs.
Under Donald Trump, we were mass spending and borrowing against our future, which is going to have a negative impact.
However, I can still make those arguments, but no problem to say, Harry, sure, sure.
The point is this, however.
Under Joe Biden, you have Democ... Well, I will say this.
Joe Biden has adopted a lot of Trump's policies.
Under Joe Biden right now, you have spending problems.
We did see this under Trump as well.
You've got war problems.
We did not see that under Trump in the same way.
Donald Trump did better at not wasting our money overseas.
And a driver of inflation, of course, is mass foreign spending.
The more war and conflict we have, the worse it's going to be.
Joe Biden has a border crisis, which is also resulting in people in major cities being extremely upset that the commons are being seized by non-citizens.
But I want to be as fair as possible to Harry, because I really want to entertain what he's saying.
And, you know, if it's true, it's true.
unidentified
Or maybe you're just like, yeah, I hate the inflation and the gas prices, so I like Trump.
Well, I hate to break it to you, because contrary to what Donald Trump tells you, Joe Biden is not responsible for the inflation or the high gas prices.
That happened all around the world as a result of the pandemic.
And actually, right now, we're drilling more oil than ever before, and inflation is falling rapidly.
And many economists are saying that Donald Trump's policies are far more inflationary and could make the situation worse.
tim pool ▲ ● ▼
So that last bit is conjecture that's meaningless.
Let's do this.
Biden Keystone.
This one I can... Here we go.
unidentified
I don't know.
tim pool ▲ ● ▼
I'll just pull up Steve Daines, U.S.
Senator.
Like, my friend Harry, come down.
Let's have a conversation about Joe Biden.
I will pull up all the sources.
You say that Trump outsourced more jobs?
Okay, I'll pull that up.
My big thing's foreign policy, of course.
But let's talk about gas prices.
Inflation, I actually agree with, to a certain extent.
A large component of inflation is Donald Trump policies during the pandemic, but not just his, but basically the entire country's, because Trump ain't no saint.
He's certainly better than Joe Biden, though.
But let's talk about gas prices.
Joe Biden cancels the Keystone Pipeline almost right away.
What does that do?
The Keystone Pipeline is going to be transporting oil from Canada through the United States, and I believe—I could be wrong where it ended.
I think it may have ended in near, like, Corpus Christi or something.
Why does canceling that and banning fracking on federal lands result in higher gas prices?
It's actually quite simple.
And you can complain about this, because I don't think we completely disagree.
When Joe Biden cancels the pipeline, projected delivery of goods goes down.
So what you have are, people in the market are saying, right now, we need, let's just do rudimentary numbers, we need 10 barrels of oil every day.
But, at a 3% growth rate, we are going to need, by next year, We're going to need 10.3.
We're going to need, you know, 15.
If we want to see growth, we need more fuels.
Okay, so 10 barrels are coming in.
We're using all 10.
And we're going to see a 3.7% economic growth.
We're going to need the energy to accommodate that.
I'm being very rudimentary and oversimplifying.
Joe Biden then comes in and says, shut down Keystone XL.
What happens?
The people in the market who are predicting how much oil we need say, guys, guys, we were projecting delivery of up to 10.5 barrels, but with the shuttering of Keystone in the next five years, we are going to be at 10.1, meaning there will not be enough oil, fossil fuels, to accommodate the expanding market.
So what happens?
People start buying up immediately contracts and rights on oil futures.
The price skyrockets.
Back when I worked at... This was in the 2000s.
There was a major oil spike.
Barrels went up to an absurd degree.
Gas was really high.
Everybody was furious.
Southwest Airlines?
They were loving it.
I worked for American Eagle Airlines at O'Hare.
And they were like, everyone's hurting because the cost of gas has become, the fuel has become so high that it's hard to make these flights profitable.
So, they really liked the regional airlines because those were good.
Southwest was good.
They cut a deal when oil was at like 20 bucks a barrel.
They said, we'll do $30 a barrel for like 20 years or something.
I don't remember the exact numbers.
And the oil company was like, we're gonna get a premium on oil?
You're gonna spend 30% more?
Lock it in, baby!
And then a few years later, oil went up to like 70, 80 bucks, and Southwest was locked in at 30.
And so they were swimming in it.
Let's play the last little bit.
unidentified
Point is, there's nothing manly or cool about voting for Donald Trump.
What's actually honorable is standing up for people whose voices may not be as loud as yours.
Food for thought.
tim pool ▲ ● ▼
And there it is.
The final hammer.
This is the only thing Democrats have.
They've abandoned men.
They offer men nothing.
You gotta offer guys something, dude.
You can't say, they're gonna take away the birth control from your sister!
And it's just the guy's gonna be like, I don't know.
I don't even know how birth control works.
Honestly, I gotta be honest, I don't understand, like, I know the general components of birth control from reading news and things like that, but, like, I don't know how often they take them, like, it's once every day or something, I guess?
And they have, like, they have, like, a thing with, like, 28 or 31 days or something?
I don't know, no idea.
Birth control pills.
No idea how it works.
Doesn't affect me.
Don't care.
Not a part of my life.
So, when you come to me and say that's a big issue, I just say, I don't know.
I can tell you this.
Harry, my one little bit of advice for you is people will not remember what you told them, they will remember how you made them feel.
And it may be true that on the core things you've mentioned, you are right about Trump and the economy.
I will just concede all of that to you.
That's not what motivates me as a 38-year-old guy.
No, I'm not, you know, 18 to 29 or whatever, like you're pointing out.
But I can tell you, when I do talk to younger guys, these things are not motivating factors.
They're saying, I want a family, I want to own a house, I want to get a better job.
And you're going, you should be standing up for people who aren't as loud as you.
Good luck with that.
The reality is the Democrats have abandoned young men, and they're, they're going to lose them.
And this is why you made the video.
Good luck.
Good luck.
I'd love to do a deeper dive on this stuff and have a real conversation on these economic policy issues and your views, so come on the show anytime.
I'll leave it there.
Next segment is coming up tonight at 8 p.m.
over at youtube.com slash TimCastIRL.
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