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April 3, 2025 - Tim Pool Daily Show
01:03:26
Trump Just NUKED Global Economy, Tariffs Ignite Trade War, Markets COLLAPSING
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tim pool
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jake tapper
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tim pool
Worse than the worst case scenario, CNBC host hits the panic button as Trump rolls out sweeping tariffs.
Ladies and gentlemen, one of the most, if not the most, significant move made in the past hundred years pertaining to global trade is Donald Trump's global, and I mean global, tariffs.
Trade upending maneuver.
Trump is putting tariffs on little islands with Tiny populations.
The ultimate goal, well, there's the overt and the subversive, I guess you might call it.
What are the true goals of the Trump administration in this?
On the surface, it's very simple.
It's time to bring back the jobs to this country, self-sufficiency, and stop playing this game where, I don't know, a BuzzFeed writer makes a hundred grand a year and a first responder makes thirty or forty.
Yeah, we ain't playing that game anymore.
We are not self-sufficient.
We don't make our own medicines.
We don't make our own products.
It's wasteful.
And it's a product of the post-World War II liberal economic order.
Which brings us to the second point.
Perhaps there is another play with what Donald Trump is doing as it pertains to the tariffs.
Crushing the liberal economic order which has failed and spread a crackpot ideology which is gutting and destroying the West.
Is it true what Elon Musk says?
Well, for those of you that have actively paid attention to what's going on in the world, you'd see in the UK, oh boy, I don't even know if I want to mention what we know about the UK at this point, what with the attacks, the children being severely abused, and the people who speak out against it getting arrested, we can see all across Europe, except for certain countries like Poland, terror attacks and violence.
And you look to the United States and in order to maintain the psychotic vision of what's called the liberal economic order, the Biden administration and Democrats, I don't want to give Biden credit because I don't think his brain worked, opened up the border, gutted this country, sold off its working class, enriched the billionaires and the millionaires, and the best part about it is they convinced the progressive left, people like Bernie, to root against themselves.
If you took Bernie Sanders today, And had him debate Bernie Sanders from 10 years ago, it'd be a heck of a debate.
Probably would be very similar to Trump versus Hillary Clinton.
Bernie Sanders is off the deep end.
Trump has issued many tariffs.
Now, he's calling them reciprocal.
The left, liberals, and just generally people who don't like the tariffs are saying, these are not, these countries didn't put tariffs on us.
These are not reciprocal tariffs.
They are.
There have been many economists who have laid out exactly what Donald Trump's plan is going to be.
How he's going to roll out tariffs, how those tariffs are going to affect us, and why he's doing it.
And it is not because, you know, some foreign country, Madagascar for instance, has a 93% tariff.
It's because of a trade imbalance where we are being extracted.
And Trump says, it's time for some barriers to bring back the ability of the Americans to compete On the international market.
Unsurprisingly, international billionaires, corporations and special interests are furious about it.
And so are their stooges in the uniparty establishment, which includes Republicans, largely Democrats.
So we've got a lot to break down, my friends.
But let me start by saying this.
Don't come at me, bro.
The unions are supporting Donald Trump's move.
Not all of them.
But you got big unions coming out and saying, thank you, Mr. President.
Now, how does that make sense?
Look, I'm not a big fan of the big corporate gang unions, but these are Democrat establishments.
They're saying, nah, the Democrats sold us out and gutted us, and therefore Donald Trump.
So I ask Democrats, who do you represent?
Yesterday we had Mark Mitchell from Rasmussen.
I've been pronouncing, I say Rasmussen, everybody else did, but he says Rasmussen.
Polling. One of the most accurate pollsters.
And precise, as he would say.
We had him on to talk about these issues and he said, well look, the people who are being affected by this in terms of their retirement accounts tend to be Harris voters.
The people who voted for Trump tend not to be people with strong 401ks and stock portfolios.
Ain't that something?
Yeah. Young people who support Trump.
You'd think these people, like Gen Z's got a stock portfolio?
I gotta be honest.
I'm gonna tell you right off the bat.
I do.
I have a small stock portfolio.
Probably not sufficient enough for retirement or anything like that.
I'm losing money, but not so bad.
Because it's just about the investments I chose to make.
But I'm not going to cry about it.
Right now, when we're looking at these tariffs, there's going to be a direct impact on us here at TimCast.
But you know what?
When we sell our Boonies skateboards at boonieshq.com, all American made, baby.
No change in cost.
Then again, Cask Brew Coffee sources a variety of coffee blends from all over the world.
So we're going to see what this means for us.
For an industry like coffee, I think it's where we get to an interesting criticism.
Sure, there's Kona coffee in Hawaii.
That's the American growing region.
But sometimes there are products that have to be imported.
So it'll be interesting to see exactly how the tariffs are laid out and what that means.
Because I understand a tariff on general goods, cars, steel, etc.
But yo, Guatemala coffee is from Guatemala.
I ain't hurting about it though.
I'm generally in favor of the moves that Trump is making, and let's break them down.
Before we get started, my friends, shout out to Steven Crowder and the Mug Club.
Thanks, Steven, for shouting out the show and for promoting the work that I do to your amazing Mug Club fan base and to all the Mug Club viewers who have begun to watch the Tim Pool Morning News show here.
I'm your host, Tim Pool, as well as TimCast IRL.
It is deeply appreciated, and I will be eternally grateful to Steven.
for for shouting us out and helping support the work that we do so I'll make sure to say that in kind because You know, it's not one for one Stephen's a much bigger show with a much bigger audience and his promoting of my work greatly benefits me I can't provide the same Response, but I can at least shout out because I'll try right and so you guys make sure to give Crowder a watch in the mornings when you can And I really do appreciate it.
Before we get started, my friends, head over to CastBrew.com.
Pick up some Cast Brew coffee and support the show.
We've got everyone's favorite Appalachian Nights, Stand Your Grounds, Ian's Graphene Dream sells quite a bit very quickly, so pick it up while you can.
But don't forget, for those that want decaf, how about some Sleepy Joe?
Sleepy Joe decaf is available.
And Mr. Bocas, focus with Mr. Bocas, our old cat.
Rest in peace, Mr. Bocas.
Don't forget to also join our Discord server at TimCast.com.
You know, we just had a big election the other day in Wisconsin, and the Democrats won the Supreme Court judge position, judgeship.
And the reason is Trump's supporters, they don't turn out after the elections.
That's why I'm a strong advocate that we have to be active participants.
One of the ways that we've set this up is the TimCast.com Discord server.
Go to TimCast.com, sign up, join us, get in the Discord server, and start sharing your ideas so that you are plugged in all the time and helping make this country better.
Now, let's get started, my friends.
The markets are going crazy.
CNBC says it's worse than the worst-case scenario.
Now, forgive me.
But I wanted to start with some chicken littling from the media, as they do.
I got a lot of thoughts on this, ladies and gentlemen.
And let me just say, pain, I believe, will come.
I think it's going to hurt a lot of people.
I think we here at SimCast will be deeply affected by this.
I have deep concerns over these moves.
But I'm going to tell you, this country needs a heavy correction.
And I ain't talking about a market correction.
I'm talking about a ground-up cultural correction.
Let me tell you, we live in a country Where there is a guy, 24 years old, 25 years old, and he's trying to find a job.
He gets hired to do real work.
Contracting, construction, plumbing, electrician, whatever it may be.
Maybe he's working on a farm.
Is that guy getting paid six figures?
Of course not.
But I'm gonna let you in on a secret.
Over in these big cities, They will hire some of these entry-level employees, 24 years old, at upwards of $60,000, $70,000, $80,000, $90,000, $100,000 a year.
Why? Well, somebody's got to write about Brad Pitt's junk for the 800th time, and that's what they do at these companies.
Because they make money off it.
We need a cultural correction.
It should not be the case that there are wealthy do-nothings whose only job is to write garbled nonsense on the internet, and they're getting paid more than those who actually build this country and do the hard work.
As I explained last night on TimCast IRL, when I go to a steakhouse, you know what I should see?
The man slicing through his delicious filet mignon with herb butter should be the working class guy who lays the bricks that build this nation, and not some pencil-neck blowhard who complains about people on the internet for a living.
And look, I'm not giving myself any exceptions in this.
The fact that there are people whose whole job is just to lie, cheat, and smear in news articles to attract eyeballs, and they live like Not like Kings per se, but like Kings is laughably wrong.
I think Trump's tariff moves go beyond just a standard, we're going to balance out trade.
I think Trump is saying, break it down and build it back up.
And that means pain's coming.
Oh, media, you're always giving me the errors.
unidentified
President Trump at the Rose Garden at the White House.
It looks like he is preparing to perhaps sign this executive order tied to this very sweeping policy that was just announced.
What he called quote kind reciprocal tariffs a baseline 10% tariff across the board on countries with the 60 worst offenders tiered structure so China for example including tariffs currency manipulation and trade barriers charging a quote discounted Wow.
Wow. It's worse than the worst case scenario of the tariffs that many...
tim pool
It's more than a hundred percent.
It's worse than the worst case scenario.
Let me show you what we're working with, ladies and gentlemen.
The White House says, Liberation Day reciprocal tariffs.
Now, they were straightforward right off the bat.
It's hard to see on the screen, but it's very tiny.
It says, tariffs charged to the USA including currency manipulation and trade barriers versus USA discounted Next two, USA discounted reciprocal tariffs.
Immediately what happens is, Trump's attractors come out and say, hey, wait a minute.
What does that mean?
There's no 67% tariff, 39% tariff.
It literally says, including currency manipulation.
So what's the formula?
Well, a bunch of libs and Democrats came out and they were apoplectic, banging their faces on the table, screaming, it's a fake number, it's a fake number.
No, it just, the number doesn't matter.
It's a PR number.
I'm going to tell you right off the bat.
The number given by the White House is immaterial in a certain sense.
It's a PR statement.
It might as well be Trump saying, here's my view of how much they're ripping us off, so here's what we're going to put in terms of tariffs.
I will additionally add, too, because I didn't get to this in the introduction, they're also shutting down the de minimis loophole, they call it.
I believe that's what it's called.
Basically, People were buying products from foreign companies directly.
There's now going to be a massive tax, a 30% tax on those products, so they can't sell directly as cheaply anymore either.
But here's the point.
Trump's basically laid out how they see a trade imbalance, currency manipulation, trade barriers, which is a trade imbalance, and Breitbart points it out.
The Trump administration calculated the new reciprocal tariffs.
They say, according to a statement from the official, From the Office of the United States Trade Representative, USTR, the tariffs are calculated using a straightforward formula based on each country's goods trade surplus with the United States.
Specifically, the method divides a country's trade surplus by its total exports to the U.S., then applies a 50% discount to the resulting percentage.
For example, China exported $438 billion in goods to the U.S. in 2024 and read a trade surplus of $295 billion.
According to Census Bureau data, that yields a surplus ratio of 67.4%, and after halving that figure, the U.S. imposed a 34% reciprocal tariff rate.
Countries with smaller imbalances are assessed proportionally lower rates.
Nations where trade flows are roughly even or where the U.S. runs a surplus are subject to a flat 10% tariff.
The USTR said the method serves as a practical proxy for the wide array of foreign barriers that have contributed to America's enduring trade deficits.
Quote, while individually computing the trade deficit effects of tens of thousands of tariff, regulatory tax, and other policies in each country is complex, if not impossible, their combined effects can be proxied by computing the tariff level consistent with driving bilateral trade deficits to zero.
The approach reflects a shift in U.S.
trade policy toward results based reciprocity rather than attempting to match foreign tariffs and regulations one by one.
Administration officials noted that foreign trade barriers often include hard to measure factors such as regulatory delays, industrial industry.
That's how that's how Trump says it.
Subsidies, currency policies, value added taxes and rebated exports, blah, blah, blah, blah.
Basically, when they're coming out and saying the numbers make no sense, the White House admin basically laid out How they're calculating these percentages.
So, half, right?
And you can see that basically applies across the board.
Whenever they put a USA discounted reciprocal tariff, they're basically saying, whatever your deficit is, we're going to tariff you at half the percentage of that deficit.
Whatever that deficit is.
Okay. Now, why are they all screaming it's the end of days?
Donald Trump put out the statement, the operation is over, the patient lived and is healing.
The prognosis is that the patient will be far stronger, bigger, better, and more resilient than ever before.
Make America great again.
Well, I can tell you this.
It ain't stopping here.
Senate votes to rescind some Trump tariffs with GOP support.
There are Republicans that are losing their minds.
The story from yesterday.
There are questions.
Can Congress stop the tariffs?
There are Republicans.
We're all dead.
For real?
Oh boy.
jake tapper
Some Republican lawmakers are not sold.
unidentified
In the long run, we're all dead.
Short run matters too.
Nobody knows what the impact of these tariffs is going to be on the economy.
Anyone who says there may be a little bit of pain before we get things right, need to talk about farmers who are one crop away from bankruptcy.
jake tapper
Senator Kennedy of Louisiana and Senator Tillis of North Carolina, they're both Republicans.
unidentified
Let's go straight to the White House where we find our own- We don't need to listen to Caitlin Collins on this one.
tim pool
Let me tell you, my friends, it's true.
There's going to be some pain.
It's a disaster.
Global markets slide after Trump unveils tariffs.
We will revisit some of this.
We have this from Bloomberg.
European stocks sink as index set for biggest drop since August.
And then, of course, we do have the counterpoint from Bhatia Angersargon pointing out that what Donald Trump is doing is helping the middle class.
I want to play this for you so you can hear it straight from Batia as to how she assesses this as it pertains to the stock drop off and what Trump is doing.
unidentified
Let's be clear about what we're seeing right now.
This market sell off is Wall Street trying to short President Trump's agenda.
They are betting against the American worker.
It's utterly despicable.
Instead of doing what President Trump is doing, which is saying we're going to invest heavily Our middle class.
We are no longer going to be a country in which our economy is an upward funnel of wealth from the hardest working Americans into the pockets of the international global elites.
Wall Street is trying to control the president's agenda with this totally anti-American sell-off.
And I think it's unbelievable that the president is not caving and that he is standing strong with the agenda that he promised the American people.
This is what he was given a mandate to do.
And it is so exciting to see somebody actively Indeed.
tim pool
Well spoken from Bhatia Angar Sargon, who I think she calls herself mega leftist.
I don't know if that actually makes sense, but she's right.
She's completely correct.
Donald Trump's interests are not the millionaires and the billionaires.
When Bernie Sanders comes out and goes, it's the billionaires running it for the billionaires.
It's a no, Bernie.
You have sold out to the machine state.
And you are exactly what you fought against your whole life.
Just another grifter for cash.
Hope that money was worth it, buddy!
But let me tell you, my friends, we face, uh, here at TimCast, because we have cast-to-brew coffee.
And, uh, so we're gonna face some impact of this, uh, on this.
I don't know exactly how the tariffs are gonna play out.
Uh, I am no fan, let me tell you.
I refuse and reject.
If we're gonna make a product, it's gonna be made in America if we can make it in America.
I'm not gonna make excuses about price.
If we can't do it, we can't do it, we'll figure it out.
So we have two principal companies.
Like, we do merch and stuff like this, but we use third parties.
The two companies that we have here at SimCast are Boonies HQ, which is skateboards, and stickers, and shirts, and whatever.
And then we've got Coffee, with Cast Brew Coffee.
When given the option to make our skateboards in China, China, Canadian wood, Shipped to China.
Slave labor puts the boards together, brings them back to America, and we sell them to Americans.
We were told we could save, like, five bucks a board.
That's five bucks a board we put in our pockets.
I said, no.
I said, how do we make them in America?
And they said, okay, well, there's an American shop.
We can use that.
And they sent us samples from China and from America.
I tried both.
The Chinese boards were legit.
I'm not gonna screw around.
They were very good.
And I said, don't, I don't care.
I, I, when I Lose that $5 per board because I want it made in America?
That's me spending $5 on America.
To buy America and the American dream, as it were.
I am paying that money because I want American workers to be able to succeed, to have kids, to have families, to build, to grow.
Now, when it comes to the coffee stuff, well, we source our coffee from all sorts of different countries because that's how coffee works.
If you want a Costa Rican roast or a Costa Rican blend, it's from Costa Rica.
The coffee we have in the United States is Kona coffee and it's from Hawaii.
Still a bit hard to ship because that's Hawaii.
So this will be interesting.
There are some companies where it makes absolute sense we should be handling them here.
I don't know exactly how they're going to be handling the tariffs.
If Trump does a blanket on all things from these countries, then it's going to be wild.
So we're going to check our bottom line basically on the coffee business and we are going to see with all of these different tariffs, certain coffees becoming more expensive, certain coffees becoming less expensive.
Now I'm going to tell you this my friends, we will do what we can to absorb the costs where we can.
You know the thing is, you can get a cheap bag of coffee from one of these big distributors, you go to Amazon or whatever, and they produce millions upon millions of bags and they get their margins razor thin but massive volume.
We don't have that luxury.
Our volume's very, very low because we just sell to you guys.
Use promo code RUMBLE30, by the way, for 30% off.
Which, I don't know if we'll be able to maintain with the tariffs.
Actually, no, I'm pretty sure we can't because our margins aren't anywhere near that.
So, we need to sell ten times more coffee if we're going to absorb these costs, but we'll figure it out.
We'll see what happens.
I am not interested in raising prices, but it is interesting because coffee is not something we can just make here.
That being said.
Before we get into all of these statements here, we've got this economist, Orrin Cass, chief economist from AmerCompass and author of The Once Future Worker.
He says, the new policies announced by Trump today confirm the end of the disastrous WTO era and lay the groundwork for a new set of arrangements in the international economy that prioritize the national interest and the flourishing of the nation's working families.
He has a thread where he basically points out, this is amazing, where he's like, The people that are claiming they never saw this coming are wrong, because he wrote it up a long time ago.
I'm gonna lay this out for you.
Then we've got statements from three different unions cheering on the tariffs.
But I'm gonna tell you why the tariffs are important, and I'm gonna make it personal, my friends.
I've told this story before.
For those that don't know, I will tell you now.
And for those that already do know, please bear with me for those that haven't heard it.
My industry, of course, is skateboarding.
One of my industries, right?
I've been skateboarding since I was a little kid, 13, and I still to this day.
We have a company, Boonies HQ.
We produce content, videos, shenanigans, and we want to create American culture and revitalize it.
I got word a few days ago that a 40-year-old skateboard shop in Chicago was shutting down.
After 40 years, it was shutting it down.
How does that make sense?
How can you be open for 40 years, but now you shut down?
Well, there are always some interesting factors.
There's illness and things like that.
These things happen.
Then I got word a couple other shops in various areas had been shutting down.
The skateboard industry is dead.
But how did this happen?
We're talking about an Olympic sport.
Something that every kid had a skateboard at my age, you know, when we were kids.
You had the Tony Hawk video game series.
I mean, Tony Hawk's a celebrity.
He appears everywhere.
How is the industry dead?
I'm going to tell you.
Outsourcing of our jobs.
Now look, a lot of people come back to me and they say, Tim, I don't care about skateboarding.
You're stupid.
If you are not going to hear what this means for this industry and understand that it applies to so many others, that's your problem.
Okay, the reality is this.
I can relate to you an experience that I am dealing with right now in the industry.
How it leads to wokeness, a collapse of the industry, a collapse of livelihood, the bolstering of the Chinese market, our adversaries, and it has to do with outsourcing and free trade.
And these liberal, I'm sorry, these libertarians are like, but Grafko up?
Grafko up?
Who cares?
Let me tell you about Grafko up.
At a certain point, many companies trying to turn a bigger profit when they're already making tons of money said, Back in the day,
some guy working in a woodshop makes a skateboard.
They have demos in the park.
There's a very famous photo from the 60s of a woman doing a handstand and of a guy in a suit riding a skateboard in Central Park in New York.
It's fledgling industry.
Everybody gets excited.
What happens?
There's a boom.
They start selling more.
They start selling more.
They are traveling around the country doing marketing demos.
The men and women who work in these shops doing the woodworking come home and show their kids.
Their kids get skateboards, their kids ride the boards.
The culture expands.
One day, a guy comes in and says, we've just rolled out free trade.
You can now have Chinese peasants produce the boards instead, and you will save $5 per board.
The companies all said, wow, think about all of the extra money we will have.
We are going to increase our margins.
And they did.
And what happens?
The U.S. manufacturing shops lay off their workers.
The workers no longer have jobs and can't feed their families and try and find jobs elsewhere.
The kids no longer skateboard.
There's no longer any money in the country from these shops or interest in doing these demos.
Effectively, the ultra-wealthy started to extract what little was left of the culture and the industry over a long period of time And it's fascinating.
In 15 years, we went from seeing multi-millionaire skateboarders in a massive multi-billion dollar industry to a complete collapse.
In 15 years.
Thank you, manufacturing our skateboards overseas or in Mexico.
And they cheer for it.
Now apply that to literally anything else where it makes sense.
This is American rock maple.
North American rock maple.
It's made here in the United States.
It's sourced in the United States.
And then sent to China.
Why not do it here?
The guy who runs the company said, I can make more money.
Well, guess what?
Now he's broke.
Why? There's no one left to sell anything to because the culture was gutted.
The fascinating thing is when I first told this story, I got hit up by surfers and snowboarders who said the exact same thing.
In order for a culture to exist, the underlying manufacture and production of the root elements must exist in your community.
Otherwise, it ceases to exist.
And you have cut the flower from its root, as Dennis Prager points out, and it looks pretty for a while and then dies.
And that's what they have done.
With this WTO, this NAFTA, I'm not a big fan of the USMCA either, but Trump's trying.
The Trans-Pacific Partnership, the liberal economic order burned our culture and our country, and it is rotting.
And Donald Trump says we have to get it back.
Now, I've read some interesting arguments.
One economist posted on Exang, just because you could bench 300 pounds when you were in your 30s, doesn't mean you can get it back.
After 50 years, you can still bench that much weight.
And Donald Trump trying to implement policies from a hundred years ago to try and restore what we had back then doesn't mean it will work.
Perhaps. But I don't think Trump takes these actions lightly.
Now take a look at this from Oren Cass.
He says, if you don't like what Trump did on reciprocity, that's fine.
But if you're claiming it's indecipherable, you're not trying very hard.
In February, In Understanding America, I explained exactly how this might look and why.
He says, quote, Some analysts have taken the threat of reciprocal tariffs to mean literally holding a mirror up to the tariff regimes of other countries.
There's no reason to believe that's what the administration is pursuing.
Trump's orders indicate a desire to assess the extent of imbalance in the market access between the US and each of its trading partners and then use a tariff to counteract it.
This approach has two important implications.
First, the focus is not only or even mainly on tariffs as a source of imbalance.
Second, the trade deficit with a country may serve as a proxy for the level of imbalance in trade policies and the level of reciprocal tariff.
Five, he says, excuse me, this is going to drive economists bonkers because there are also perfectly legitimate reasons unrelated to trade policy that two countries might have an imbalanced trading partner relationship.
But that's a theoretically valid critique with little practical purchase.
He says, and again, this is from February, if one sees all that as a problem, as even economists are grudgingly admitting they must, then responding with tariffs and calibrating those tariffs to the size of the imbalance is a quite coherent approach.
Completely agree.
Now, what's fascinating is the argument is that Trump's doing all this for the billionaires and the billionaires, right?
That's weird.
I got three unions that have stepped up and said, thank you, Mr. President.
Rapid response 47. National Electrical Contractors Association applauds President Trump's leadership on tariffs and the impact on the electrical industry.
Wow. They write, the National Electrical Contractors Association applauds President, this is a NECA, Applauds President Donald J. Trump's strong leadership in addressing critical national priorities, including strengthening American manufacturing, securing our borders, and revitalizing our economy.
As an association representing thousands of electrical contractors nationwide, we share his vision for a more resilient domestic supply chain and a thriving workforce.
At the same time, NECA remains mindful of the potential impacts the newly announced tariffs may have on the electrical construction industry.
With the global supply chain integral to our work, increased costs on key materials such as copper wiring, transformers, work vehicles, and electrical products could pose challenges for contractors, project timelines, and infrastructure development.
That said, we appreciate the administration's efforts to support American businesses and are encouraged that several key materials critical to the electrical construction industry Such as copper, semiconductors, steel, and aluminum are not subject to these new reciprocal tariffs.
Ensuring access to these essential goods at competitive prices is vital to the success of our contractors and the broader economy.
We also have NCBA.
A statement from the National Cattlemen's Beef Association.
They say, Today, the National Cattlemen's Beef Association Senior Vice President of Government Affairs, Ethan Lane, issued a statement after attending President Trump's reciprocal tariff announcement.
For too long, America's family farmers and ranchers have been mistreated by certain trading partners around the world.
President Trump is taking action to address numerous trade barriers that prevent consumers overseas from enjoying high-quality, wholesome American beef.
NCBA will continue engaging with the White House to ensure fair treatment of America's cattle producers around the world and optimize opportunities for exports abroad.
Here's UAW.
In a victory for autoworkers, auto tariffs mark the beginning of the end of NAFTA and the free trade disaster.
Bravo. Absolutely amazing, man.
Absolutely amazing.
Now look, they're not all just coming out and saying the tariffs are the perfect thing, the best thing ever.
What they're saying is Trump is actually trying to address their needs and concerns.
So, I gotta tell you, my friends, when the left comes out and cries and screams and says it's a bad thing, it's the apocalypse, I can only tell you this.
It's quite strange that the worst of the worst are all angry.
I'll tell you what I think.
I think we're in for some hard times.
I think it's a reality.
I think y'all better accept it.
You know what?
We are men of action.
And that means when Donald Trump says, strap in boys, it's going to get hot.
We don't cry and say, but can't we just sleep on the beach instead?
I'd like to explain to you the two distinct worldviews that we're having here.
There is a clear and obvious problem.
Dare I say a clear and present danger to this country in these trade deficits.
We have a fractured manufacturing base that is eroding.
We have a loss of the middle class.
We have a generation in Gen Z that struggle to buy homes if they can get it at all, or even find a job.
A mass influx of illegal immigration and criminal gangs.
The funding of these individuals' lives at the expense of Gen Z. This does not work.
And it must be fixed.
So what do you do?
Well, look, I'll say this.
There are those who understand honor, Nobility and loyalty.
And that is, while Donald Trump can be a bit of an erratic guy, I am willing to stand firm and say, I have made my choice in November, and I will see it through because I am not a whiny baby.
That means we're going to see what happens with Trump, trust him to take action, and we will grin and bear it.
But there, again, two worldviews.
Imagine there is a bridge over 200 foot drop into raging rapids and jagged rocks and it's made of rope.
There are those of us that say, this journey will be perilous, but it must be done.
And there's the others who are saying, you know, it's pretty comfortable sitting right here on the rock and not going anywhere.
I give you this, my friends, imagine dear Samwise and Frodo Baggins had they decided that the Shire was so comfortable and safe that they would just stick around.
Why go to Mount Doom?
Right? Oh, I know, it's a silly analogy once again, Tim, citing movies and comics and things like that.
But there's a reason we tell these stories.
For those that don't know the Lord of the Rings, the One Ring was gonna cause a lot of problems.
And there were ringwraiths that were gonna kill everybody to get it.
And then the Dark Lord would rise and destroy Middle-Earth or whatever, but I don't know.
The point is this.
The stories we tell and inspire young people with are often about someone abandoning their comforts Being thrust into danger and facing it head on.
So who are we?
Do you choose to be sitting in the desert, knowing you will die of dehydration, saying, I can sit right here and I'm comfortable?
You'll certainly die.
Or are you going to say, I will take the perilous journey and try and survive?
That's what we're dealing with right now.
If we stay on course for exactly what we're doing, we're doomed.
If we want to fix it, it's going to be a perilous journey.
So either grow up, face the problem head-on, or lay down and get out of the way and let us deal with it.
In this story from QZ, 42% of Americans support tariffs despite rising prices, Exec says.
Indeed, Sean Cassidy, CEO of DKC, appeared on the New York Stock Exchange TV to break down the challenges businesses face in explaining tariff-related price increases to consumers.
My friends, let's play this video.
Before we do, again, smash that like button, share the show with everyone you know.
Castbrew.com, promo code RUMBLE30.
30% off everything.
I think we might actually be losing money doing that.
I don't know.
But we did it anyway.
Well, I'll have to check to make sure we're not losing money doing that.
But, support our work.
More importantly, The Culture War Live will be in about a month.
And this means the members of our Discord community, if you've already gotten the tickets, you've gotten the tickets because it's a limited seating.
But we are going to have you all join us on stage at the table to debate.
We got some liberals, we got some crazy people.
I think Alec Stein's going to be there.
I don't know if we asked him yet.
We might have.
But we want him there.
Because it's going to be entertaining.
And it's going to be funny, it's going to be serious, but we're going to give a chance to you guys to join the Culture War fray on camera, on the show, because we're trying to decentralize this and bring everybody into the debate.
Let me see if we got anything substantive in this video.
unidentified
Joining us to understand more, Sean Cassidy.
He's CEO at DKC.
Sean, welcome.
Thank you.
Thank you for having me.
A big day, of course, for America, the world, and here at the New York Stock Exchange.
When it comes to trade, we're just about 15 minutes until the market open at this time that we're sitting down.
I want to hear more about your study and what it revealed in terms of defining tariffs.
How easy or challenging that is for Americans.
It's very challenging.
Businesses are going to be on the front.
lines describing what's going to ultimately be price increases to their consumers.
And one of the major challenges combining the fact that just at the cash register, consumers are going to see higher prices, is that many consumers and data show that more than a third don't even understand what a tariff is.
Interesting. So companies have to have the double whammy of explaining that and then also being very transparent about the fact that the prices at the car service are going to go up.
Interesting. Of course, we did see President Trump win the popular vote this time around for a second term in office, but inflation is a major concern among consumers.
seen that in the economic data as well.
I see here 42 percent of participants say they are pro-tariff.
What more can you tell us about that?
Well, one, I think a lot of that is linked to the fact that a significant portion of the population does not understand what a tariff is.
So if you have a popular candidate, you're going to, a lot of people who don't understand what the impact of tariffs are going to be are going to go along with that candidate.
So some of it may be that.
It's also, I think that there is an America first sentiment that a lot of people believe that may change very clearly when folks start to notice that the prices of the cash register are going up and should inflation follow?
tim pool
How does So, ultimately what I wanted to grab with this one is exactly that.
Two important distinctions.
42% of Americans support tariffs despite rising prices.
When we had Mark Mitchell on the other day, he was pointing out that people largely trust and support Donald Trump.
And that is what's important here.
This guy might say, look, a third of people don't even know what tariffs are.
That's what Mark told us.
He said, people don't know.
So when you ask, do you support it, a third says yes, a third says no, and a third says, I don't even know what's going on.
There's a big challenge.
However, what you find is that people are saying, you know what?
I trust Donald Trump.
I trust the guy.
We have seen disastrous policy from Democrats for too long.
Donald Trump, please get in, fix it.
Take a look at this.
Large majority of Europeans support retaliatory tariffs against the U.S. poll fines.
Survey shows between 56 and 79 percent across seven countries in favor if Trump introduces Liberation Day levies.
Which, you know, he did.
So, I guess trade war it is.
Now this is where it comes straight to you guys.
This is the major online loophole that I believe they call the de minimis loophole.
Yeah. Check this one out.
This is where it gets really important.
Guys, I don't know that Trump is right.
What I do know is I made my choice.
You were allowed to criticize Donald Trump.
You were allowed to criticize administration.
That was always the case.
We don't live in a world where you have to align 100% with a man if you want him to be president because we are a representative democracy.
We choose the best we can.
Donald Trump has some ideas on tariffs I really, really like.
This broad-stroke international tariff thing has me a little worried.
Because I know that it means prices are going to go up and people will hurt.
I don't know what's going to happen for us and how we handle this.
We've got 30 to 40 staff members.
They're going to be hit by this as well.
And the question is, do we have the resources to cover the costs?
It's going to get interesting.
That being said, I stand behind my decision.
I voted for Donald Trump.
I will see this through.
And whatever comes of my decision, I am a man and I will accept those consequences.
That's what it means.
Donald Trump signed an executive order as part of his Liberation Day plans that charges a 30% tax on orders under $800 from foreign retailers.
A move that could change the face of online shopping forever.
Now, a jittery Wall Street is bracing for chaos Thursday morning as U.S. stock markets open for the first time since Trump unveiled the higher-than-expected tariffs.
Initially overshadowed by the broader tariff announcement, an executive order that closes what's known as the de minimis loophole, a century-old trade law that allows imports valued under $800 to enter duty-free, provided they are shipped directly to individual buyers.
Shutting down this exception could be the death knell for companies like Shine and Timu, Which rely on direct shipments from China and Hong Kong that allow them to bypass U.S. import fees.
I also just want to mention, you know when you come into the international terminal at an airport and they have the duty-free section?
Maybe not so much duty-free anymore, we'll see.
Under the new rules, imports valued at $800 or less will now face either a 30% duty or a $25 per item fee, with that rate set to double to $50 per item after June 1st.
The impact will be huge.
U.S. Customs and Border Protection processes over 1 billion De Minimis shipments per year, with Shine and Teemu alone accounting for nearly 600,000 packages daily.
More than 90% of all packages coming into the U.S. now enter via De Minimis, making this one of the biggest shakeups to online shopping in years.
I think, uh, didn't Teemu drop, like, some ridiculous number?
What is that?
I don't know.
Someone mentioned that, but I'm not entirely sure.
Timu's stock price?
Hmm. Dow Jones is falling?
It is what it is.
Trump explained, in the order, that ending the exception is meant as a way to combat China's role in America's synthetic opioid crisis.
The president initially got rid of the loophole in early February before making a quick U-turn after shoppers had complained they were already feeling the pain of his new rules.
However, the delay was only so the Commerce Department can confirm procedures are in place to process them and collect tariff revenue.
Chinese companies have been increasingly taking advantage of this rule, prior to Trump getting rid of it.
Chinese exports of low-value packages jumped to $66 billion in 2023, up from $5.3 billion in 2018.
The reclosing of the loophole means prices will rise for Americans who buy $5 shirts, $10 lamps, and $20 shoes on direct-from-China shopping sites.
Retail experts say that regular US retailers like Walmart and Amazon who ship items from domestic warehouses face a disadvantage compared to their rivals who ship items directly from China and avoid various import fees.
Can I, um...
I want to tell you guys something.
You've heard quite a bit about China buying up American farmland and American property throughout the country.
How do you think they do that?
It is the fault of these loopholes.
It is because of the expansion of technologies, communication technologies, which makes this easy.
Let's go back in time, my friends.
You ever see one of those open flags?
Let me pull up a picture for you.
This is an open flag, they call them.
Here we go.
Let's grab an image here of just some random...
Ah, here's a good one.
How interesting.
All right.
Let's go back in time.
You've seen one of these before?
Open. I see them all over the place.
And I said, that's funny.
That's the Dutch flag.
And so I was walking with my wife and I said, I know why we use Dutch flags to say open.
How much you want to bet during the colonial period when these various countries were coming to the new world, the Dutch, who were merchants known for high seas trade, they came to this continent and they would set up trade outposts and fly the Dutch flag.
Other individuals from other countries would see that flag, and it eventually came to represent, hey, that's a market.
I can buy stuff there.
And that is exactly what happened.
The Dutch flag was constantly flying over trade posts.
People knew that you would buy things at these places, and it evolved.
Eventually, people didn't know it was the Dutch flag.
They were just like, hey, look, a market.
And that flag now represents being open.
So when we're looking at this de minimis loophole, And what's going on with China and the exportation and how they're buying all our land?
Go back in time, China could not sell cheap shoes to Americans because the Americans couldn't ask them for it.
So what they'd have to do is say, someone needs to take the shoes from us and then sell it to the Americans.
A company would then handle the principal import, which would face a tariff.
Then they'd be at a marketplace where they would sell to consumers.
These are imported goods.
We handle them.
Nowadays, with Fast as light communications, people go online and send a message instantly to that company, who then fills it out and hands it directly to the postal workers in their country, who send them to you.
No longer do you need the importer or the middleman.
This created a massive loophole where China is buying from the United States.
But here's the problem.
This means they're taking US dollars in that they can spend and have us do labor for, but we are not actually producing anything.
It is an imbalance which results in an extraction.
Meaning, if the American people don't make stuff, let's just lay it down very simply for you.
If the American people are not making a product, for what could the Chinese companies buy?
Why, if a dollar represents a debt?
And the idea is, A Chinese company sells you a $20 pair of shoes.
Now they have $20.
What are they going to do with it?
Americans don't make anything.
Are they going to buy nothing?
Are they going to buy advertisements on BuzzFeed?
No. They're going to buy up our real estate.
And that's what they've been doing.
So all the people who are saying, why aren't they doing anything about it?
This is exactly how you do.
There are many stories.
If you guys follow Yellowstone.
Great show until, you know, the last season.
It's about this massive, massive acreage ranch.
And one of the plot points is, they owe taxes.
Massive ranch, massive property value, insane taxes.
How do they pay the taxes?
They don't make that much money.
One idea is, why don't we sell off a portion of the land to cover the taxes?
The problem?
Next year, you do it again.
This happens all the time.
There are legacy properties that exist in this country still.
Let's say it's 17-something.
A guy comes and stakes a hundred acres, and he says, there's nothing here, there's nobody here, this will be my land, I'm gonna set up a farm.
He gets to work.
He raises a family, he has a hundred acres.
A hundred years goes by, and there's a few generations later, and the tax man shows up and says, we're doing property taxes now.
He says, well look, we're a farm, we make enough to cover, we make enough food for our family and a little bit extra, But we can't afford to pay taxes.
We don't make that much.
Well, you got too much land.
And we're taxing the land, not what you make from it.
So the family says, okay, what do we do?
Why don't we sell one acre of the land?
We'll parcel it out.
That'll cover our taxes.
They do that every year.
Today, there's no farm anymore.
There's no generational ownership.
And the seventh or eighth generation kid says, I inherited a single acre.
My great-great-great-great-great-grandfather set up a farm here, a hundred acres, and it was gutted and stripped away by the state.
That is what happens when you are forced to give money away but have nothing to sell.
If you are not making...
So we'll put it this way.
If on your farm you had an excess of saffron and you are selling at a high profit, you can pay taxes, no problem.
But when you don't have anything to sell, you sell the land.
So in the United States, The Chinese are taking...
It's not like it's a mandatory thing.
What happens is they're buying, they're selling products to us for our money.
We don't make anything of value in return for the most part.
It's not absolute.
And then they use the money they buy from us and buy up all our land.
And now we're looking at large swaths of this country being purchased by an adversary.
It's time to shut it all down.
That being said, Donald Trump very much could just bang the gavel and be like, we're seizing all the land from China.
Thanks for the free stuff.
You know, that might start some kind of very serious conflict, but, you know, this is where we're currently at.
Global trade war.
Leaders are planning their next steps.
Yeah, we're hearing it across the board.
We're hearing it across the board.
Congress may move to stop Donald Trump, but we'll see.
They can try, but it'll be split.
However, only two defectors, and you will see this play out.
The one thing I think everybody needs to understand is It's not so cut and dry.
The reason why I brought up cast brew coffee was because some things you import.
If your business imports, your business imports.
It'll be interesting to see how the tariffs are actually rolled out.
I believe it would make sense.
If there is an item that can be produced in the United States, we tariff it.
If there is something that can only be sourced or produced abroad, then it's probably fine to have either a minimal tariff or no tariff at all.
That being said, drawing those lines can be very difficult.
But like Look, if someone wants to buy Guatemalan coffee because it is a specific blend, a specific type of plant, that's how coffee works.
It's the region, it's the soil that makes the coffee specific.
Interestingly, similarly with wine.
But Donald Trump put a tariff, I don't know if he actually followed through on the European alcohol stuff, but that's funny.
Because, you know, my friends who are big into wine, they were like, not California wine!
Like, because now it's the only thing you get.
Nah, come on, we got vineyards out here in Virginia.
You get wine up here.
Congress may try to stop this because I'm already seeing a lot of people who like Trump saying, this is insane.
There are businesses that are built on imports that aren't trying to gut the US manufacturing base or American products or trade.
They are literally just, hey, here's a country who makes a very specific kind of dress.
We import them because people like it.
And you can't rope that into the same thing as Sometimes people need dresses.
If someone wants to buy a specific Argentinian style of dress from Lama Hair or whatever, it makes sense.
But I will counter that argument.
You're a specialty shop.
It costs what it costs.
If you want to raise your prices, I ain't gonna cry about that.
If someone says, I want Moroccan coffee, well Moroccan coffee now costs more.
So we'll take a look if that makes sense.
But if you're a company that makes cotton t-shirts, And it can be made in America, but you make them in China instead?
Aw, man, you get no sympathy from me.
My friends, we're gonna grab some of your Rumble Rants!
We're gonna grab some of your Rumble Rants.
Shout out again to Steven Crowder and the Mug Club for joining the show.
Smash the like button and share this video.
Follow me on X and Instagram at TimCast.
Of course, we're back tonight at 8pm for TimCast IRL.
We're gonna grab your rants, and of course, as the show rounds out, we will be sending you on your way, eventually, to hang out with our good friend Russell Brand.
And then I believe Jeremy Hamlin is on Fridays, but Russell Brand starts at 1 p.m.
So for the time being, let's grab some of your chats and comments and have that conversation.
Liberate says, the lineup has allowed me to listen to both you and Crowder.
Now you don't have to watch one live and one on VOD.
So happy you're a part of the lineup.
It's an honor and a privilege.
My Morning Show is now one of the biggest live streams in the country.
I think in the last week, Rumble has had 11 of the top 15 news livestreams.
Nuts. And I think in terms of all livestreams, it was like 5 out of 15. Like 5 out of 10 or something crazy.
Dan Zoom says, Tim, please tell us what hotel to stay at for the Culture War event 5.3.
So we don't need a car, need to book my trip.
Also, can Raymond G be the MC?
Taylor's ex-wife.
I'm gonna have to confer with the team.
Because I don't even know the location.
We have a small...
So, we had two options.
Do we want to do a big explosive thing, or do we want to do a small thing?
And we opted for small.
I'm usually not one to go small, but I trust the team and said, let's...
we'll roll with it.
Let's keep it light.
We'll try it out.
And so, what we are doing is...
It'll be really interesting.
The ultimate goal with the Culture War Live, for me...
Don't tell my wife.
I'd like to do it every Saturday.
Every Saturday night, we are live at a hangout.
That being said, I know that's possible.
But if I did, it'd allow me to do my Friday morning shows alongside, you know, because I do Monday through Thursday for the live, and then Friday is Culture War.
We would do Culture War Saturday, and then I would do Monday through Friday all content, which would be...
I'd like to do that.
But we'll see.
So it's a small studio-slash-venue.
We can seat about 40. Hopefully, if it works, and once we figure out the nuts and bolts here, I'd like to find a bigger venue, but understand this.
Some of the venues we looked at, they're like $30,000 for an event like this, and we're like, whoa.
So, if we really want to make it happen, we're going to try it small first, and make sure we can get it down and get it right.
But it'll be fun.
It'll be fun.
So again, go to TimCast.com, click join us, join the Discord server, and get involved.
To access the higher tiers of the chats, we have gated the Discord.
We had to because far leftists were abusive and harrassive and trying to cause harm.
So it's either you have the basic chat room for $10 a month.
After six months, you get full access upgrade.
And then for $25 a month, you bypass everything.
If you're a $25 a month member, after six months, you can downgrade.
We're not doing it because we're like, we want more money.
We did it because people were coming in and trying to destroy the whole thing.
And it's not a perfect solution.
I really don't know how you solve for these problems.
Far-left wackos and weirdos and trolls, and not even necessarily the far-left, were like, how can I burn this down?
And we were like, we need to keep these people out.
But how do we do it?
So we needed some kind of gate.
So we said, time?
No, we can't do time because there's good people who want to come in right away.
And they don't, we can't, we can't bar everybody.
It's like, okay, well, money?
No, it's not fair, because then we're just making it too expensive and cost prohibitive.
So, I think it's six months, it might be three, I'm not sure, but it's unfortunate, because this is why, you know, they say this is why you can't have nice things.
Help my country is being literally, oh, I can, literally not, figuratively.
Sam Seder was an absolute clown on the PBD podcast this morning, what a grifter.
You should tell me what he did.
No, no, I didn't.
I will say this of Sam Seder.
Guys, it's remarkable that we live in a country where people watch this kind of stuff because Sam Seder—oh, am I streaming on the wrong channel?
I am streaming on the wrong channel.
I didn't even realize.
Well, you know, these things happen.
Sam Seder—I can't believe I streamed to the Tim Cast IRL channel.
Well, you know, these things happen.
Sam Seder doesn't Google search things.
It's been—we had this conversation about deontological moral worldviews versus utilitarian, and he didn't know what it meant.
And I couldn't even explain it to him because he's too pompous.
It's been almost a decade, and he did another debate where he was like, I don't know, I don't know that, I don't bother myself with those things.
And it's like, bro, these are like 18-year-old, like when you're 18, you learn about these things.
It's like your first year of college if you go to college.
In fact, maybe when you're 17 and you're in high school, they talk about these things.
Yikes. Yeah, we're, uh, I just realized I'm streaming on Timcast IRL.
Whoops. Uh-oh.
Smoke alarm just went off!
Don't worry, it was a false alarm.
Uh, smash that like button, share the show, blah blah blah.
Dan Zoom says, uh, oh, we read that one already.
Uh, Desert Army Man says, I said yesterday Rumble had been blocked on government devices.
I think it may have been a rogue IT employee as it was unblocked towards the end of the day.
Interesting. Copiampapi says, just a reminder to check out our new EP, available with merch at Copiampapi's.
If you like bands like Tool, Nine Inch Nails, Manson, Alice in Chains, The Mars Volta, and other weird-ish, you may enjoy.
I indeed am a big fan of those.
7 Legion Studios says, Indiana was hit with tornadoes last night.
Home's fine, but power's still out.
Help out and get a great comic by ordering 7 Legion's issue 3 on Amazon, or issues 1 and 2 from InkSlayerEntertainment.com.
Very cool, man.
Thanks for the Rumble rant.
Let's see...
Booty Juice!
Tim Pool's attempt to revive Brick and Mortar in face-to-face is absolutely commendable.
I see people bitching all the time about it, but Tim is actually doing something about it.
Well, what I'll say is, holy smokes, we're trying.
But dang, is it hard.
We do have moves happening with the Casper franchising and stuff.
It just takes a millennia to do.
So we have hundreds.
I think...
Well, for a fact, over a hundred location requests, and we've been going through individuals who want to open up their own Casper locations, and a few look like they're kicking off soon.
We're in the process, I think we're in the process of one, so that'll be really, really cool.
As for trying to get it all back in person, it's really tough, because, you know, man, I was talking with the Boonies crew, and I was like, I was telling my guys, we're all, you know, We're all in our 30s, you know, ranging from early 30s to late 30s.
I don't think anyone in the boonies is over 40. But I was like, guys, we're old.
Like, where are the young dudes who are gonna lead this charge and produce this content after we are done?
And it's like, dude, young people don't do this stuff anymore.
So one thing we're looking for with the boonies is some youth energy.
That is not to say that, and it's really interesting.
We're looking for young upstarts who skate.
We're looking for people to sponsor.
But again, clearly, we do not discriminate on the basis of age because everyone here is old.
And in order to remedy that age diversity problem, we need younger people.
And I'm like, we need people who can inherit this.
You know what I mean?
It's tough.
I'll have to make sure the next time I do my live stream I don't accidentally put it on the Timcast IRL channel.
I don't know if that's bad or not.
Maybe it is.
It's not going to be on the...
I don't know, whatever.
I don't know.
All right.
CC1980 says, Tim, you are not old.
Well, look, for professional sports, oh yeah.
Captain Issue says, Tim, you should follow Amy Mechon X about Epic City and other Islamic settlements popping up here in Texas.
Expressed purpose of the settlement is to implement sharia in Texas and the U.S. Callison says, hey Tim, question, how does one get their name out on Rumble?
Just upload in Hope?
I have some pretty big ideas for something I'm not seeing out there.
God bless you.
I don't know about Rumble.
What I would say is join the TimCast Discord server.
Get active in the community.
We host several of the individuals from our community.
Shout out to Roma Nation, the Quiet Part podcast.
We have brought these individuals on TimCast IRL because we are trying to build a sphere of influence with more voices.
So what we're doing with Culture War is we have this A handful of people, they're smaller personalities in terms of follower count, but they're good at what they do, and we want to create a bigger and better network.
And so, this really works out because bigger leftists and liberals won't go on shows.
Conservatives do it every day.
It's easy.
Smaller liberal personalities are hungry, and they're willing to engage, and so we get that.
So it's worth it.
So I would just say, join the Discord server and get involved.
My friends, it is time to join our good friend, Russell Brand, We're gonna raid the Russell Brand channel right now.
Send everybody on your way.
Confirm raid.
Let's get it.
Let's go.
And, uh, Russell is currently live right now.
Talking about Elon Musk.
So it's gonna be, uh, it's gonna be fun.
Make sure you go check out his channel.
I'll, uh, post a link right now.
Alright. If you're on Rumble 2, just, uh, I will say this.
Make the content.
Cause one thing I'm gonna do is...
When we wrap Timcast IRL every night once we finish the free portion.
We're gonna raid Someone live on rumble and so that we can support these newer and smaller creators and give them an opportunity as well I think that'll be a whole a whole lot of fun.
I think it's a fun feature my friend smash that like button share the show Thank you for tuning in we're back tonight at 8 p.m..
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