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🚨CRYPTO TALK RADIO: TRUMP’s TARIFFS - MARKETS ARE RED.
Recorded: April 3, 2025 Duration: 3:07:52Space Recording
Short Summary
In a heated discussion, crypto enthusiasts explored the implications of recent market fluctuations, emphasizing the importance of understanding economic dynamics and the potential for recovery. With a focus on resilience and strategic investment, participants expressed optimism about the future of crypto, highlighting the need for informed decision-making amidst volatility.
Full Transcription
Music Thank you. Music Thank you. Music Thank you. . Thank you. I'm out. the death of me i fast like i'm on ecstasy drop a hundred bars for real like i'm looking for a deal if i ain't home be who the is i'm worse than the mafrican kids i ain't straight to my numbers
match the motorola biz who off the streets have been wild like i'm a kid if i ain't strapped that
means i took them off my night game i thought about it should i play some hip-hop music should
i get right into it but no no no no no no. The markets are not going to make me change my game.
So we start with hip hop and then we'll go into it.
Good morning. How we floss and don't give a fuck with his car stick. Yo, yo, prank the bus pipe. It's time to apply it now.
Pick out a quiet town and tie it down.
Make niggas lie it down.
Y'all know where to buy it now.
Beanie Mac, I supply it now.
My quad roll deep.
We're falling cars with two seats.
Couple of fives instead of a few jeeps.
Bag enough coke to land for a few weeks.
Case niggas wanna test.
Best in a few heat.
You really wanna test my name?
Then test my game until you have me. Test my aim?
Y'all niggas nuts like Test the Throat.
Kick you up in your apartment building vestibule.
Breakfast is best for you to keep on walking.
Keep running, knocking, keep on sparking.
Platinum, Presti, Bessie, Safe Barkland.
Cop off the lot, never see me at the auction.
Pine of a Cardi Dawkins when it's harkin'.
Out on the strip until I reach the margin.
Not trying to meet the sergeant at the precinct.
Eating cheeses, eating cheese, and eating cheese. I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I'm not sure if I Off the lot never see me at the auction Pine of a Carly Dawkins when it's harkin' Out on the strip until I reach the margin
Not tryna meet the sergeant at the precinct
Eatin' cheese sandwiches down for the weekend
Locked up with dirty white balls and reekin'
Now if I kill you I probably do ten in the box
Come down on the pill then I'm killin' your pops
You fillin' the locks? Nigga why you grillin' the locks?
If this rap shit don't work nigga still in the spots
You bring it to me, I gotta lose your family
Gangsters don't die, they get chubby and move to Miami
Shit is deep down, dawg, but it gets deeper
Fuck it, the weather's nice and the price is much cheaper
I put it on tape, you gon' buy it
I put it in the bag, you gon' try it
Y'all niggas can't deny it
Lotta cats still tryna study my last bounce
Tell you what, get a beat tape in the half ounce
They got me where I can't be without my large gas. Teflon long sleeve and my hard hat. No matter if I'm opening up or headline. Doing the speed limit or pushing red lines. Six months in the county off bedtime. I'ma be the kids nigga until it's bedtime. Anything I'm on is a classic. Any nigga ever had beef with? Son is a bastard. Anytime I spit, spit acid. L.O.X. Ruff Riding your herd? We got the game master.
I told you the pain was coming. You were listening.
You gotta play me like a joke. Now who got the last laugh?
Now take these bullets with you to hell.
Your motherfuckers are sick. Don't dig sauce and shit.
So many niggas on my nuts. I thought I lost my dick.
Picture me falling off. I'm camera shy.
Hand was fly. Might miss you. But your man would die. What's the difference? Either way, I'm Son sure I lost my dick. Picture me falling off. I'm camera shy. Hand was fly. Might miss you.
But your man to die.
What's the difference?
Either way, I'm sunny at cruise.
I fucked the wind.
Y'all niggas coming to lose.
Something to prove?
Spit it.
We can have a spray off.
I lay off whack niggas and kill them on my day off.
Ain't nothing for me to bust a tray off.
Murdered a whole month of April, nigga.
Just to take May off.
Run with more Germans than Adolf.
You like cruise?
Now I concentrate on your camp
Like shoes
Flow hot like a heat wave bitch
Whips fatter than them shits
They beat slaves with
I'm a mill stacker nigga
Who pull quick
Still thacking
Before you feel Jackson Higgins on that floor
I don't give a fuck who you are
So fuck who you are
I don't care about the pretty bitch
Watch our car
I don't care about your block
And whoever you shot
I don't care about your album
And whenever it drops I don't care about your past If I you shot. I don't care about your album and whenever it drops.
I don't care about your past.
If I did, I would have asked.
I'm too busy lighting throw with a whole lot of hats.
Bar just rap shit.
I'm 10 steps ahead of niggas, chewing backwards.
Just some practice.
Ride or die, nigga, hopping in your casket.
Bout to go to hell with you.
Blow the L with you.
Tell the whole world I'm spitting.
Let them know the shell, bitch.
I tell niggas, quick, suck dick and get a clock.
My name rings bells like Sunday at 12 o'clock.
I'm half past seven, bus 6 and 11.
You know me, slide my man, my joints, they reload me.
I rough ride at Pop-a-fella for Rockefeller.
What the fuck?
Spinning mozzarella.
I know, Pop, you can't stand it, Susie.
Cop them hammers.
Run in your crib, no prisoners.
Pop your grandma.
Locked in a slammer?
Nope.
Popped up in Atlanta.
Cropped up in a dropper.
Popped up the antenna, whoa.
Watch your manners when my veins pop like scanners, like raindrops, you hear the thunder when I cock the cannon.
Big dames, big chains, ain't shit chains, shit brain in the four dots, six brains, shit man.
Switch lanes, every time I hit switch lanes, bitch flip big cane, flow with no cut, you take it in vain to the brain.
Motherfuckers is nodding and throwing up, you know that, you don't wanna owe that man, he'll hit you, get the picture, Kodak man, got a love for war, I don't floss no more, I just sit on my money till I'm above the law, how the fuck you gonna stop us with your mesi-assies, we don't stop at the toes, we got easy passes, nigga, multiple cars and dealers with D-class. Iceberg sweat with IB on the elastic. Shit.
Bitch.
What the fuck?
You heard me?
Put some more beat on that joint.
All right.
Good morning.
I know a lot of you guys are upset.
I know a lot of you guys woke up or yesterday.
I mean, you guys are probably watching the market and you were just like,
what the fuck is happening?
What the fuck is happening?
I didn't realize my gains.
My, you know, my unrealized gains are fucking.
I'm in the red.
Okay.
It's just.
Looks terrible.
My wallet looks terrible.
I kept on buying the dip.
It keeps on dipping.
I feel you, man.
I feel your pain.
I've actually been reading the timeline since yesterday, this morning.
I really do feel the pain.
I, you know, I do feel the pain of some people, but it's almost like,
I'm trying to like, no monologue, no, no big ass monologue, but this is
before we allow people up and shit like that.
And we have a conversation.
There are really,
and I've seen this all the time.
There are really good spaces on here and there are really intelligent people
that come on each and every single day.
And they,
and they give you content and,
and specifically about crypto. Like they, they get you content. And specifically about crypto.
They get into crypto.
They break down crypto.
They even break down the markets for you.
They break down the markets.
And the biggest thing.
Which I keep on talking about.
Content creators need to know about politics.
Content creators now need to
understand how politics work.
That's major.
Besides understanding
the economy
and economics, they need to go
ahead and understand politics.
There are people out there
that do, and they break it down for you.
You have to ask yourself, have you been consuming that type of content?
To which point, I know a lot of people that are in really good positions,
they felt like this was coming.
They stabled up.
So that they can watch the market go down and then buy back bigger.
Okay.
Or were you consuming bullshit?
And I'm that serious.
I'm that serious.
I'm serious when I talk about this right now.
What kind of content have you been consuming?
Especially
that a lot of you guys have
made this full
time. Have you been
surrounding yourself with people that
actually talk about crypto
that talk about the markets that talk about politics and how things could play out
or have you been fucking around have you positioned yourself well
have you positioned yourself well to the point where like,
if this goes down another 30%, I'm being hypothetical,
that this doesn't phase you.
Like I woke up today unfazed.
I went to sleep yesterday unfazed.
yesterday unfazed.
That's only because I know that every single thing that I'm in, I'm fine.
Or in my heart, I know that I'm fine.
Plus, worst case scenario, I have budgeted enough liquidity to survive.
And not for a month.
So you really have to like,
hopefully,
hopefully at some point,
because I've said this before,
but I've gone into more detail today.
It's like,
at one point, do you take a serious look?
Stop blaming Trump.
Stop blaming everybody else.
At what point do you take accountability and you say, you know what?
I haven't positioned myself right.
I haven't been listening to the right people.
I really haven't positioned myself right. I haven't been listening to the right people. I really haven't been paying attention.
I've been just winging it.
I put 100% in, and I'm here based on hopes and dreams.
Okay?
There has to be accountability from your end.
It has to come at some point because even in the green markets if you
don't have any accountability you're not going to win either red or green so at what point
will you take accountability for your own actions and when i say that let me say that again because you know words get twisted
are you doing everything possible to surround yourself with the right news and the right people
because if you are you're not panicking today if anything you are trying to figure out
if anything,
you are trying to figure out how you can go ahead and take advantage,
not only in crypto,
but in the traditional markets.
And I know,
I don't,
I know we don't talk about the S and P 500.
And as I get,
we don't talk about that stuff.
We're more interested here.
And as we should be.
But there are things that
you can take advantage of there today.
There are things that you
can take advantage of. That's right.
Only
but only
you really, really, really surround yourself with some dope-ass people
that know what the fuck they're talking about.
That's what it comes down to.
The people that are wealthy are usually surrounded by wealthy people.
people who are broke are surrounded by a bunch of people who are broke
People who are broke are surrounded by a bunch of people who are broke.
the studies to that don't lie just go look it up if you can't google it chad gbt it
but if you look into it it'll tell you you are who you surround yourself with you are what you consume right
you eat fast food you're fat your cholesterol is high blood pressure is high
you go from having ankles to cankles
i'm just and i'm not trying to be funny I'm not trying to get on anybody
but that's the truth
you eat proper
you allow your entire
body to be
fueled up
allow your blood to flow
by working out
like seriously allow your blood to flow by working out.
Like seriously,
like,
like these are,
these are real things.
People ask me,
Dave,
why,
why are you working out?
Why are you working out while you're on spaces?
Why are you working out while you're, while you're doing your own radio show?
Like,
why are you working out?
Because every chance that I can get to just do a few push-ups, sit-ups,
to get my blood flowing, to get those endorphins to pop off,
where I can sit down and I can focus, I will do it.
I am committed to doing it.
I am committed to doing it.
It's easy.
It's like we talked about this.
It's easy to be negative, right?
It's way easy to be negative.
Hard to be positive, right?
Easy to eat junk food and order fucking Uber Eats and have them deliver you fucking McDonald's
or Burger King or whatever your fast food of choice is,
hard to go ahead and make a meal
and then work out.
Because that takes effort.
That takes,
and I hate using the word motivation.
You shouldn't be.
Motivation lasts for like a day or two.
You should be driven and determined to do these things.
The drive needs to be there.
I'm telling you.
I know in my heart.
If people really took it seriously.
This seriously.
Their lives seriously. you'd be fine.
But a lot of people say this all the time.
This goes back years.
Number one, not everybody's going to make it because motherfuckers get greedy number two you still need people to deliver food to you
and as bad as that sounds as bad as what i just said sounds it is the truth
it's the truth so that's really all i have to say we'll talk about the markets we'll talk about the tariff
or the tariffs that have gone out by Trump
I'll tell you what I think about them I'll tell I'll tell you what I see
that is bullish on the horizon
short-term pain? Yeah.
Long-term gains? Absolutely.
But I'm not here to convince you.
Before I came onto this show today,
before I opened this up to do this radio show,
I said, I'm not here to convince you of anything no
more you're a big boy you're a big girl you know what you need to do i'm not going to tell you what
you need you need to use your wings and fly and hopefully you fly in the right direction welcome to crypto talk radio
trump's tariffs markets are red what happens next we shall go ahead and talk about it
good morning hanak what's going on
wait he has that you guys if you've been here he has that poor mobile uh carer connection
good night what's going on good morning good morning david it's a great day to have a great
day i hope everybody has reached you know i hope you guys retweet the room it's the least you can
do david comes in every single day provides value to the marketplace in a space where the right sentence can actually change your life financially.
And in a space where 98% of these people talking are providing zero value.
So make sure that you follow G Media, your number one source for crypto content, commentary, analysis, information, real time news so you can stay ahead of the game.
It is a beautiful day.
It's great to watch Trump's plan, you know, enacted.
And it's great to watch it take place.
Everything is going according to plan.
We are now one day closer to what I believe is the only thing we need, which are rate cuts.
And it makes me happy, bro.
I'm bullish.
Like, I'm really grateful, bro.
I'm really grateful and thankful for Trump.
Because, bro, we wouldn't be getting to these rate cuts. We wouldn't get to higher highs,
you know, if it wasn't for him. And that's a fact. Like, nobody can deny that. So,
yeah, bro, I'm excited. I know that it hurts right now. I know a lot of people are upset and angry,
but you guys got to think about June. You got to think about July. You got to think about what Jerome Powell is going to be saying tomorrow. And we are now one day closer to rate cuts.
And that is the only thing.
That is all we need.
And we full send.
So I'm excited.
I'm happy, bro.
It's a great day.
You know, and this obviously, we always joke around, right?
And this is on a serious note. Because I think the sarcasm that I'm accustomed to is it might tickle people the wrong way today.
And I fuck with that.
fuck with that i read the room i read the i read the polls and i and i could do it and i but i think
I read the room.
I read the polls.
And I could do it.
today i specifically want to like aim all my messages at people that take shit for granted
like good content like a lot of content creators that are out here producing really good content
to keep you up to speed i'm not saying
that everybody gets everything right what i'm saying is motherfuckers that put in the work
as media personalities they they give a good effort and that's all you can ask for is the effort
that people give out and you consume it research it and let it be
let it be some sort of material that helps you put together your own strategy all right look
this hurts you know it hurts with the tariffs 100 but then you as as an American, right, if we talk from an American standpoint, America gets fleeced every single year.
It just gets fleeced. that take our resources, they shove their resources,
or their products, I should say,
their goods and services onto us,
we get nothing out of it.
So America, like I said,
I was reading and reading and reading,
and people were like,
but the tariffs are so bad,
and this, and why are we doing this?
And it's bad.
Guys, like, okay, so Trump comes into office, right?
And I think this is what people think.
I think people just think that Trump came into office and he said, you know what?
We're just going to apply tariffs.
You know, like, I'm just going to apply tariffs.
Right off the bat, I going to apply tariffs. You know, like I'm just going to apply tariffs right off the bat.
I'm just applying tariffs.
No, I, you know what I think happened?
I think the, the people that he's hired, the highly educated people that he's hired have come into office and they've looked at everything that has been left to them.
And they have seen like, holy fuck fuck it's worse than we fucking thought i believe that in my heart like when you like they see it and they're like
we need to do this in order to turn things around it's easy for them to go ahead and print money like if you think about it they can continue
to do what every other administration has done and that is print money that is the easy way out
but at some point it runs out like you can no longer print at some point, people will, countries will look and be like, it is worthless to use the dollar.
The dollar is not worth anything.
You know, it's like they've used up all our resources here in the United States of America.
They use this up to the point where, okay, we can go now because there's nothing left here.
You have our own companies.
You have American companies that put their facilities in other countries,
cheaper labor to save on money and to add more money onto their bottom lines.
I get it.
Air quote, smart business,
but not for the United States of America
when America gets nothing out of them.
This is a move
to bring back
not only American companies
to the United States of America,
but to bring companies from all walks of fucking life here
and to provide more jobs.
And it doesn't happen overnight.
It does not happen overnight.
Do I want to see the markets red?
Do I want to see Bitcoin at 150k yes do i want to see ethereum at 7k absolutely do i want to see solana at 600 100 but i also don't want to see my
country die short term you want to talk about from a short term perspective, short term thinking, it benefits me.
It really does benefit me if we just print money and like fucking let the fucking markets boom.
I go ahead and take out everything.
The shit crashes.
Now you're forget about a recession.
Now you're heading towards the depression.
I'm sitting good.
I am sitting well.
I'm good.
I don't have nothing to worry about.
You do.
You do.
You think, let me ask you a question.
You think that the 1%, I won't even start with the 1%.
You think the 0.05% are worried?
Real motherfuckers make money in any type of market conditions.
Right now, there are a bunch of people
that have made money shorting the market.
Because based on the news,
they knew as soon as the word tariff comes out,
they're shorting, and they have,
and they're making money.
So when people say like they can't,
no, you can.
You just, you have chosen
not to make money both ways.
You've chosen not to be an all-around player. You've chosen not to be an all-around player.
You've chosen just to be an offensive player.
Great.
If you've got no defensive game,
they're going to keep dunking on you.
If you have no defensive game,
they'll continue to keep dunking the ball on you.
But get the ball back.
I'm sure you'll go ahead and score.
But just be ready for this. If you're not willing to really invest into yourself, this is what will happen to you
in these markets. But I see this as bullish. I know the Fed's going to have no choice but to cut rates they'll have no choice but to cut rates
yield is down and nobody's talking about that yield was at something right about
it was at 4.7 now it's almost at four great point phenomenal point okay and like nobody
wants to like even touch on this topic I'm gonna tell you why
they don't because most
of this space doesn't even know what the fuck
yield means that's right
I sure don't
that's right
again I'm not talking about this
you get where I'm going with this
and this goes back to the content
creator the media personalities
are you tuned in to the right radio shows here that are literally bringing on people or themselves have a basic understanding of how economies work?
Yield is now down.
What do you think that what does that mean?
That means the United states of america can
finance or refinance that debt at a lower rate that that's what it means but you guys don't know this
i'm waiting like lutnik is letting you know. Lutnik came out today.
The press secretary came out today letting you know. Stage two.
Because this is what happens when you have a plan
and you don't have somebody sleeping in bed
at 4 p.m. And I don't mean no
disrespect to Biden, but it is what it is.
This is real. This is real.
You had four years
of an administration being run by
a bunch of shadow puppets okay excuse me a bunch
of shadow people in the background making the calls and you know what to see the democrats
celebrating like bro like what are you celebrating what the fuck you you're celebrating what
you should be clapping you should be saying you know what whether i'm a democrat or republican
or whatever party affiliation there is a man with a team that is trying to figure it out
for the first time you know why because bill clinton 30 years ago went ahead and fucked everything up and nobody wants to bring that up
by the way i'm a huge bill clinton fan and i'm telling you that he fucked it up 30 years ago
which has led to this point but you wouldn't know that because instant gratification, the people that you're listening to, nobody's breaking all this shit down.
Yes, Bill Clinton.
Bill Clinton.
Went ahead and started this bullshit.
Especially with the outsourcing bullshit.
So here we are.
And Trump is in office trying to fix it.
I've said this numerous times.
Trump is not leaving after four years to be known as the guy who killed America.
Killed America.
Trump is now losing billions of dollars to be in office.
Billions of dollars to be in office harassed with lawsuits and all.
Just to leave the presidency as the worst president of all time.
He is an egomaniac. He is all about the economy and he will see it through. And I believe that, but it needs a reset. It needed this.
It needed this. So you have the yield that's down. That's a positive. Feds are going to have no choice.
They'll have no choice but to cut rates.
And it's going to be more than three times.
That's a great thing.
It'll help with Trump's plan.
Tax cuts are going to be coming.
Tax cuts will be coming.
That'll make it easier for Americans.
I will not be surprised when they announce that they will be replacing the IRS with the
ERS.
As it should be, though, people will.
If people were to debate me, they'd be like, the reason why we replaced tariffs with the IRS is because our government needed something in order to grow.
No, you didn't need to tax people at fucking 50% in order to have the government grow.
You guys overexpanded.
You guys created way too many jobs that were not necessary
and in order to pay for that shit you keep on taxing the american citizen but yet you're able
to print money which is fascinating you're able to print money for all these wars you're able to print money fucking 175 180 190
fucking billion dollars to ukraine but you're unable you're unable to go ahead
and provide money or jobs real jobs here not government jobs here to the american citizen
you can't even fucking help out the veterans that go ahead and protect this
country.
So this will be a slow process.
This could actually,
this could turn around in three months.
I was actually thinking about this.
Trump,
cause Lutnick alluded to this.
He stated and then,
JD Vance, they made statements of, we're negotiating
with countries right now.
Countries are coming to the table to negotiate.
And one thing about tariff, or a tariff, it's a tool.
And these countries now realize that the United States of America is willing to die on this hill.
You know, a lot of these countries, they think they're going to bluff with the United States of America.
If you look at everything, there's no bluffing.
There's just no other choice.
There is no other choice for the United States of America.
There is no other choice for the united states of america there is no other choice this is a tool that
is necessary to bring people to the table that's it and they will work it out
anybody who's mad about the united states of america because it is a company the united states
of america is a company it is a corporation and needs to drive in revenue okay
all the revenue can't come from its citizens i mean at this point people in california and new
york we're dead okay what do you want to charge us 90 taxes and let us keep 10 at some point
you got to realize you know what these motherfuckers can't even afford rent and they're making fucking
a good amount of money where are we getting this money because it ain't from the middle class
because the middle class don't exist and then you got people who are just completely poor
and what are we going to do take money away from them there has to come a point where americans just let go of everything they're being fed
by mainstream media and understand like this has to be done
and it didn't start with trump it started with clinton so go ahead open up those textbooks that
you didn't open up in fucking high school and read into all this shit.
And then create a timeline.
Buy a whiteboard from fucking Staples or Home Depot, wherever they fucking sell one.
And then build a time frame.
A timeline of events that led to the current situation.
We'll be fine.
By the way, that's passion and not anger.
That we'll be fine.
Yes, it hurts.
And I'm sure people that have over leveraged, they can't.
They're looking at how am I paying rent?
I'm going to have to fucking sell.
Okay.
I'm going to have to sell out of my positions in order to survive.
I, I, I, I, that I understand it's going to happen.
Green, by the way, these pumps that happen, these little pumps, relief pumps, I'm sure
people are going to be getting out.
I, I get it.
And I, and I understand that's a you issue.
i understand that's a you issue you chose again not to consume good content because it's too
boring and dry you chose to go for things that were funny okay you chose to sit in a comedy club
while you are in an ecosystem that is all about new finance.
That is on you.
You can't blame anybody.
You can't even blame Hayden Davis.
And I'd love to blame this guy for anything,
even for the McDonald's ice cream machine not working.
I'd love to blame him for it.
But at some point, you got to blame yourself.
So anyway, I think the tariffs are great it's they'll negotiate really good deals it'll force companies to come to america and to
build something here to create jobs it is all about job creation that might bring back the middle class which is forgotten about
okay small business will be re-energized
that's good this is good okay these are good things and then the rate cuts
feds will have no other choice they will have no other choice but to apply them.
And you will see.
As soon as Trump starts coming out and saying, we have taken a tariff off this country, the market will react.
We have taken a tariff off of this country because we've come to a deal.
The markets will react.
You will see how this all plays out.
These are people that are way too smart just to go into
something blindly okay don't don't put your level of trading
and planning and the way you manage shit onto successful individuals that are currently running this country. Okay
Because you're looking at it from your perspective when their levels above you
David I have a question
Is our tariffs inflationary?
Or deflationary?
And then number two, how many jobs do we actually think this is going to create in the next few years?
I think this creates, I'll start with the second and go to the first.
I think this creates a lot of jobs, but it doesn't happen instantly.
Right.
So like you have, I'm just going to take Honda, right?
Honda, for example, they said, Hey, we're, we're building an assembly line in Indiana,
right?
Number one, an assembly line costs a lot of money.
It's one, it's like something like 1.5 billion.
I think that that's the price tag to go ahead and build out.
And then you have to hire people.
That takes some time.
Honda, I'll say this about Japanese companies.
They're really, like Honda and Toyota, they're really quick to build assembly lines.
And listen, what is it? 20, 30,000
jobs? I'm just using an
example here. Create it.
Great.
And that'll happen with
other companies.
They'll come in here, they'll build
buildings or they'll acquire
buildings, whatever it is
and job creation will immediately be created.
As for tariffs, right now, the cost will be passed on to the consumer.
Right now, that will be the effect, 100%.
You already see it i'll use
the automotive industry the automotive industry is already applying you know the tariff shit
onto automotive auto vehicles new vehicles. Okay
That's for the time being though just for the time being
Until so you're saying it's inflationary and I saw a hundred I invest I think five billion and they created fourteen hundred jobs in Louisiana. So that's one company. I think we've had what a
Couple dozen. No, that's not a Honda
Honda Honda and that's 20 to 30 000 jobs so it's not 1400. i'm talking about hyundai investing 5 billion creating 1400 jobs
in louisiana we've had what a couple of beautiful beautiful but there's been a ton of announcements
uh chip makers coming back here, all that stuff.
But again, it's about how fast of a turnaround, assembly lines, how fast can they build them out? Ford should not be building trucks in Canada.
Let's keep it 100. Ford is an American company. Why is Ford building in Canada. Like, let's keep it 100, right?
Ford is an American company.
Why is Ford building in Canada?
I get it.
I'm going to get hit with logistics.
You know what?
Ship it to them.
Ship them the cars.
You know what?
They do the same thing with other cars.
They ship them to the United States of America
so we can ship them right back.
We should not be building
shit made in America
elsewhere, John Deere in Mexico.
That should not be happening.
We should be building
here more jobs for Americans,
shipping it
to wherever
somebody wants a John Deere product.
We've been doing it the wrong way.
Here's another thing.
One of, I'm going to be flat out honest because like this is who I fucking am.
I don't give a fuck.
One of my parents' businesses, clinton came into fucking office it was disrupted by clinton's policies because clinton
started to allow outsourcing and guess what if something costs 50 cents to go ahead and create you had somebody else that could create it
for 25 cents and small businesses were fucking going out of business because of that fucking bullshit so like i said it is time to bring back everything possible to america it is time for us to really
really create jobs here in america and i'm not talking about jobs where job creation during the last four years was made
just like the government would just make up fucking jobs here's we oh my god here's new jobs
all created by the government all government created jobs literally everything you had
was government created dei DEI programs.
Like, bro, like, what are we fucking talking about?
We were too interested in the woke virus being established
than actually building or rebuilding the economy
in the United States of America.
So whether you like tariffs or not,
whether you understand tariffs or not, whether you understand them or not,
it doesn't matter. In the next few months, once I believe things will be heading in the right direction, you'll be speaking a different language. You'll have a different tone. I believe that.
Here's my point. He said that tariffs would be deflationary, not
inflationary. The market is pricing and significant inflation that could be passed on to the consumer.
He said that the dollar would get stronger, not weaker. The dollar is collapsing. It's
actually getting weaker. And then lastly, he said that, you know, tariffs are going to produce all
these jobs. And so far we've seen not even a hundred thousand
that's just an announcement let alone like actual implementation my point is this i don't think
tariffs are for any of those reasons i think he's using it as a weapon to negotiate better trade
agreements and i think we're going to see lower interest rates and that's the that's the real
reason that's actually what's happening all that other stuff ain't happening
i i believe i just believe that inflation on products are just just temporary until two motherfucking countries come together and just close it all out.
These countries will crawl.
Canada, you saw it yesterday.
Canada said, bro, we'll drop the tariffs if you dropped yours
i mean like what why did it take so long for canada to go ahead and say we'll drop the tariffs
they wanted to see if trump was for real and everyone's finding out today which is why the
market's reacting that he's not playing why did it take like me Mexico doesn't even want to play around. Mexico said, we're not going to FATF.
Like, at some point, there are enemies of America, and now you get to see them in 4K.
France, all these motherfuckers that waved a white flag as soon as the Germans came through,
all these motherfuckers have been taking advantage of America for a very, very long time.
Very, very long time time and now they're being
exposed america has been footing the bill for nato for a very long time 80 of the bill
like we're footing the bill for all these things they're not they sit back and they chill
you know they they're more interested in making sure that their economies thrive they don't
give a about ours they use our economy i believe that look it is what it is what we will have
differences of opinions and i'm fine with that but yeah temporary you you asked about inflation, right? Well, I'm just pointing to a car.
And I know that there are dealers out there right now
that are marking up their cars
because of things that are happening currently right now with tariffs.
So that would deem it to be that there is some sort of inflation correct kanak it will be
there will there be some sort of inflation that they temporarily i don't think it's temporary
will be there but yeah it's gonna be prices are not going down like period of the story it just
it's not even trump's fault at this point like this was gonna happen no matter what the question is can we reduce the rate of acceleration around inflation so we'll see i think so i i think it'll
be i think it'll be very i think it'll be here's my take i think six to eight months
but it could be faster but i i give it a good six to eight months a message needs
to be sent by the united states of america it really does there's a there's a message in this
that we can't be pushed around no more
because like nobody like really like if you look at canada
even canada didn't take us seriously.
Agreed.
The problem is, is we're paying the price now to send a message.
And that's what we mean by pain, which sucks, but you know, it is what it is.
Okay.
So what is the other choice?
Is the other choice.
I completely agree.
I don't know.
I don't know what else we could have done.
There's no middle ground.
So I'm going to tell you the two choices that you have.
One, we continue on this path, and the United States of America declares for bankruptcy.
Okay?
Two, the U.S. uses tariff as a fucking tool to restructure trade.
Which one do we want?
Do we want to actually bring revenue in here do we want less taxes being
applied on american citizens or do we want to go into bankruptcy because that is very real like
america could go into bankruptcy and this is not being like fucking like, oh my God, he's going.
No, no, no.
This is real.
This is real.
America goes into bankruptcy or America goes ahead and has these motherfuckers come to the table. You have some of these countries start putting their manufacturing plants in America, okay, providing jobs to americans and now we're all
healthy every country we we get we get to trade on a fair playing field china doesn't even allow
us to come into their country i could i could clap back at everything you're saying i just want
to make room for landy but these tariffs we're we're not going to tariff our way out of a $36 trillion hole.
It's not about, see, like, and that is the only argument that somebody's going to hit me with,
is a $36 trillion hole.
We have a spending problem.
What I'm trying to tell you, what we have, yes, yes, absolutely.
Absolutely. Congratulations. Tariffs don't solve our spending problem.
Bro, like I am trying, you know, I'm just not, you know, if you want to be contrarian, that's
perfectly fine. I'm literally speaking facts. This is not going to happen overnight. Like the tariffs
going to happen overnight like the tariffs tariffs being implemented is not that that does not mean
that in six months we erase all of that in a few years and i'm talking about this could take seven
years we can knock it down the trump administration is spending more money right now than the biden administration
did this time last year we have to cut our spending and how does that even make how does
that even make sense when all of this happened on the you don't have to tell me i'm looking at the
data the 34 trillion was under biden to 35 where are you coming up with this number?
Q1 of 24 biden spent a certain amount q1 of this year under the trump administration. We're spending more. It's insane, but we have a spending problem
Do you under okay You understand why?
Do you understand the why to that or no?
Or are you just using the numbers to just put it out? We need to know no no no there's a why there's a why to everything why were you born there?
There's a why to everything they need to cut spending period
But they're doing that not enough guys are complaining. They're spending bro
Okay, I can't land they, what's going on?
If you just, you know, Hanak.
They really are.
No, no, Hanak.
I'm trying to have a serious conversation today.
Save this for tomorrow.
This is serious, bro.
It's not my fault.
No, it's not because you're.
Okay, do me a favor.
Let me ask you a question.
No, no, hold on, hold on.
Tell me what they're.
Tell me.
Tell me exactly what they're spending on. Go. You tell me, bro. No, no, no, no, no, no. Tell me exactly what they're spending on.
You tell me, bro.
No, no, no, no, no, no.
You tell me what you're spending all that money on.
No, no, no, no, no, no, no, no, no, no.
Tell me what they're spending on.
What in the world are you spending $700 billion in a quarter?
No, no, no, Hanaka.
What in the world?
And I'm begging you today because there are people in the audience who are scared shitless.
Start naming the things out that they're spending on.
Go ahead. Bro, I have no idea what you guys are spending. $700 billion in one quarter. Okay. There are people in the audience who are scared shitless start naming the things out that they're spending on go ahead
Well, I have no idea what you guys are spending 700 billion dollars in one. Okay
We are spending 700 billion dollars. Okay. Got it. Landy was going on. Hold on Russell and then land
I just wanted to say something real quick guys. I said Russell. Oh
Sorry, David. Listen, I'm here on Epstein island okay i just uh met bill clinton for the first
time did you guys know that epstein's still alive oh man i'm just out here like totally trying to
buy up the dips and stuff you know calculating you know how much more i'm gonna need for the
future dips that are gonna be coming right because i don't know might go lower for a little bit might
be manipulated i don't know but hey just want to say guys good morning and uh uh man
be manipulated i don't know but hey just want to say guys good morning and uh uh man
fucking the people out here on this island they're happy as with what's going on okay so
i don't know what that means i don't know if that's some sort of gauges sentiment but yeah
and there's like i don't know there's people like drinking this weird red juice over here
and like they're calling it a dream something. Russell, Russell, come on, bud.
Hi, David.
Good morning.
Good morning, Russell.
I think good morning.
I think you're going insane.
You're citing numbers that are complete bullshit because and I'm sorry, I'm going to I'm going to call you out on this because first off, there has been no new official spending by the Trump administration in the first quarter.
You're going off of spending bills that were passed into the last administration.
And what they're doing is actually chopping at a lot of that spending and they're going to redeploy it in other areas. Right. So, you know, this just as well as I do and david does and many else um now how tariffs are there's transitory inflation
um when it comes to tariffs it's the only damn time that fed powell has ever said transitory
and been correct lady lady before you move on don't stop him no no no no no no no no no no no
wait with your hanok you'll make you'll wait for your question. Because I asked you nicely, and I told everybody,
today is going to be...
Hold on. No, no, no, no, no, no, no.
I asked today, if you do want to come up here today
and have a conversation, there are people in the crowd,
I'm going to mute, and I'm going to
ask again.
I'm not being sarcastic today.
I'm not coming with dry humor either.
Today's conversation, the reason why I'm very serious about it is because there are people right now that are suffering.
Okay?
There are people that actually
want to understand
what the fuck is happening.
And I'm not saying
that everybody here will have an answer.
We will come
based on shit that we've
read, based on real
data that is available,
we will put it out there.
But to have this show turn into
anything other than that, I'm not having that.
I come on to everybody else's show and I'm very respectful.
I don't kill the shows.
I stay on topic.
I show y'all respect.
You're going to show me the same respect,
especially on a day where people are in fear
and that we should be talking about the economy,
how it works, what's happening, what the future works what's happening what the future holds what we
think the future holds because obviously we don't have a crystal ball but at least if we can break
it down from our standpoint maybe somebody just one person takes something out of this
so i'm asking now if you're not into this conversation and you want to do hypotheticals
and you want to be contrarian to whatever i can say or anybody else wants to say
please save it for tomorrow
if you want to have a real debate based on factual information please by, by all means, bring it up.
Let's talk about it.
That's fine.
But we're not going to say,
you tell me after you throw out a number
that is not factual.
That's just a waste of time.
I have things to do.
Okay?
I have work to do.
It's unfair to me
when I'm trying to just trying not to give hope,
but trying to deliver facts up here. And if I need to be corrected, I'm fine with that.
And I'm fine with having those conversations. I'm going to yield the mic back to Landy.
I'm going to yield the mic back to Landy.
And I hope that if you want to participate, grab some figures.
Grab some figures.
The Fed's got it available, okay?
There's plenty of websites that will give you real figures.
You want to talk about how bad tariffs are?
In your opinion, no problem.
Tell us why.
Tell us why. Tell us why.
Landy, you got the mic.
Okay, so thank you, Dave.
That is Elon.
That has nothing to do with me.
That is Elon.
No worries.
All right, so look, the biggest thing here is the spending more than Biden did for the first quarter of his administration is silly.
Because there has been no new major spending outside of keeping what was already in place going while taking an axe to a lot of the things.
We already know what's being axed and by who and how it's being fought by judges and all that.
So talking about decreasing spending, you're always going to have new bills that come up for new budgets.
We'll likely see more spending bills in the future.
But making that comparison between the two, especially after the first quarter, for either of them,
I don't care who you're a fan of, Trump or Biden, for either of them in the first quarter, it's very difficult.
One of the bigger things is it depends on if they get in and immediately pass spending bills.
We haven't seen that yet.
All right.
Now you brought up tariffs are inherently inflationary.
My point being that they are transitory.
It's transitory inflation.
That's why I believe that Powell for the first time since I've heard him as Fed chair, utilize
transitory as in its correct manner when referring to tariffs.
Now, when you look at GDP, about 14 to 15 percent of U.S. GDP is imports.
Right. And what essentially where you get the deflationary aspects of tariffs, they're indirect.
Right. And it's it's about shrinking the trade deficit while bringing manufacturing back to the United States.
So what happens when you shrink the trade deficit?
Shrinking the trade deficit actually strengthens the dollar.
Strengthening the trade deficit actually strengthens the dollar.
And we already have and have had inflationary pressures from tariffs, inflationary pressures
from the rate drops coming in Q4 of last year and will continue likely end of Q2 this year,
maybe sooner, we'll find out soon, if they want to do another cut or have another announcement,
if they want to do another cut or have another announcement, those are inflationary pressures,
right? And part of that is, you know, we're looking at a lot of the spending problem that
has already existed and the out-of-control spending that really started to just hit
light speed post-COVID. So that's not coming out of the system.
There's the MMT stuff, I'm sorry, MMT bros,
it just doesn't work that way.
It's in the system already.
And now it's about becoming more efficient
and redirecting things back to the United States.
If you redirect government dollars
back into the United States, you're going to get acceleration of the same spending, which ends up being deflationary because it's not considered new.
So you have deflationary pressures there.
So one of the big concerns here is this inflationary versus deflationary tug of war.
versus deflationary tug of war. And there is a bit of a fallacy in saying that, oh,
we looked at the 18 and 19 tariffs, and they were primarily inflationary. Well, that's looking at
one subset of a two-year deal when it was inflationary. Nobody wants to extend past
into 2020. They want to knock all that data off because of the COVID stuff and not look further back in history and actually to the root of how we changed monetary policy in the United States and what tariffs can do.
Trade tool, 100%.
A tool, 100%.
That is a trade tool to create jobs and investment here in the United States, right, to bring manufacturing back.
You do cause the inflationary pressures.
How do you counteract it?
This is a pretty simple problem.
You bring down the costs of goods.
What is the primary resource that will be brought
down exactly what's coming down right now oil okay what else is coming down costs of of of
other things like what what happened to the egg conversation that's the most popular one out there
yeah eggs went down 50 in the first two weeks of Trump's inauguration.
Yeah, and this is going to still ebb and flow, right?
It was a pretty big drop all at once.
So we're still going to see ebbs and flows here.
So you have deflationary pressures.
But if you start to now draw out the tail of tariffs for the next two years,
we're literally on day one of actual implementation of one of the biggest policy agendas outside of immigration, right?
We have now in this aspect of things, two years from now, while tariffs are in place and building out more investment,
there's about $5 trillion more that's likely
going to be announced for investment back here in the United States for building, manufacturing,
bringing jobs back here. And you're going to get the quoted numbers and everyone will argue about
them. And that's on top of the $3 trillion that's already here. But when you shrink the trade
deficit, okay, when you shrink that trade deficit, what happens? You get strengthened. You get
strength in the dollar deflationary pressures. And we need deflationary pressures to buffer from
what we already know is coming. And that is more spending, lowering rates. And of course,
well, there's a bunch of other inflationary pressures down the
pipe. But we have also the biggest part of this kind of stuff is going to be balancing out the
housing market too. And it's going to be looking at each sector and going sector by sector,
like what he did for each country, going sector by sector, like what he did for each country,
going sector by sector for what we're actually importing versus exporting for each country,
and then seeing what can be produced here in the United States.
Keep it in-house.
If we have surplus, we're now going to be exporting even for new businesses.
And the biggest export is going to be energy.
So there's a very complex topic. Or can I ask a question? Yeah. Because, okay, so while some things are deflationary,
others are going up inflation. And then I know that you said that some of this is going to be transitory, right? But if we're engaging in tariff wars and other countries do reciprocate. For example, a small business runs a
restaurant, they buy product from Canada, Mexico, border towns, et cetera, because of the tariff
wards. And if they're reciprocal, now their cost of goods to buy to service the restaurant and
provide for the consumers becomes very expensive, which means now they have to raise their prices of the products that they sell.
And now for the consumer, in order for you to go and buy stuff from that small business,
it's going to cost you more money.
So, well, yeah, I'm paying less than gas.
Guess what?
Now I'm paying more to buy this product.
So I'm never going to get out of the hole of trying to save money.
So now are we going to raise minimum wage and are we going to hurt these businesses because everything is costing a little bit more?
Well, you're right that that is part of inflation, right?
But it's also on a product-to- product basis from these countries, right?
Because we export a lot from Canada and from Mexico, right?
And it's not about the made in Mexico products because most of the companies are U.S. companies that are making products in Mexico and then bringing them back here.
If they bring them here, we no longer are facing that.
And that's the point.
That's why it makes it transitory.
Okay, so then if a lot of American companies were paying to export, et cetera, and were engaging in these tariffs and they're going up or they're being reciprocal, isn't that going to hurt also our export economy?
Because now it's going to slow it down?
Here's the thing. We have a free trade policy. We've been operating on a free trade policy.
We barely export any American products.
What do we even produce here anymore?
One of the primary issues is to take a look at PepsiCo or Coca-Cola.
They're a worldwide brand.
You hit the nail on the head, Landy.
We don't do shit in America.
You just said it perfectly well.
We don't do shit in America.
We don't grow crops.
We don't do anything.
We might not even have the land to do so. Our land is do shit in America. We don't grow crops. We don't do anything. We might not even
have the land to do so. Our land is so effed up. So that was my point is like, well, we are trying
to get all of that up to order. It's not going to happen overnight. It's not going to happen within
a month. Like you said it earlier, it might happen within a two years. We're going to suffer
within the economy in the next two years. And that's
where we were talking about last night too. Are we possibility going to enter, tap into
a recession, a mini recession? Because now we're having to play catch up with all of that. And
guess who it's going to hurt? It's going to hurt us as a consumer. And that is what we are not really telling people.
Oh, tariffs is good.
Yeah, tariffs are good for the future, for the long run.
But right now, where are we?
How is that impacting us?
And how is that hurting us?
Because it is.
Well, I agree, but I don't think you're looking at a...
Look, here's...
Can I smash on this point, Landy?
Yeah, but I wanted to just point out
That we have the infrastructure here
Already
It just needs to come back
Okay
Sorry, David
I was just going to say that
To hear
You say that
You said
I don't know if you said Mexican restaurant Did you say that, you know, you said, I don't know if you said Mexican restaurant.
Did you say that, Leslie?
I said Mexican and Canadian, you know, the ones that are by the corner.
But I'm saying like, we're talking about a restaurant though, right?
That is a business that somebody has a business here.
I understand.
We have Mexican, we have Italian, we have Middle Eastern, we have all types of restaurants
in America. Unfortunately, these restaurants, let me ask you this, I'm going to spin it differently.
Leslie, do you think that by continuing on this path that America will be able to survive?
By continuing on this path that America will be able to survive.
Continuing on which path exactly?
Take out tariffs.
Do you think operating under the same principles that they've been doing for the last 40 years,
do you think that is a healthy plan or path for the United States of America?
No, this is what I was talking about.
It's just a yes or no. There's no buts. It's just like yes or no.
No, I don't, but I am going to give an explanation as to why.
No, hold on, hold on. Hold on, hold on.
Because you already said, you guys just said, well, for two years, we might go into a...
It's not a legit fact of two years.
We're saying it's an example maybe for the next two
years three years we don't know because now what landy and i were talking about last night too is
what has happened by the previous administrations the last few years there's a lie now that has to
catch up it's not just it's not just the previous an after effect there's aftermath this
this might be shocking realistic right now this might be shocking to you but it's not just biden
okay it's been happening for 40 years why do you think the previous administrations okay but I'm just saying, I'm clarifying, it's not just Biden.
Okay?
So for the last 40 years, all we've done is reward, okay, companies that ship American jobs outside of America.
Okay? Okay. We've rewarded them. Okay. And we've could just continue to just raise taxes on American people.
Yeah.
At some point,
David,
I am at some point.
I'm a lamb.
I'm,
I'm letting you,
I let you land.
Can I land?
Okay.
I'm not,
I'm not debating you here.
At the end of the day,
at some point it has to come to an end and if that
means for the next 12 months to 18 months we go through this if that's the worst case scenario
i'm all for it you know why long term the long-term health of the country is better for it
because the way we're going now we are heading for bankruptcy
that's it it that's just bottom line and you guys can go in circles you can keep on going in circles
but this country is not healthy from a money standpoint not healthy
all these job creations were created by it was just government jobs it's just government jobs
i would love somebody to show me where small business is and i would love you to show me where people during the last eight let's go even
16 years where people were just racing into fucking private sector jobs you couldn't
the numbers that were coming out for the last four years were all fucking being spun up to make it look all nice and dandy for the fucking election.
This would have happened under Biden or fucking Trump, just letting you know.
But at some point, now thank God we got somebody in office that is willing to put his foot down
and say, we're going to make an agreement.
We're going to make it fair for americans we're
going to lower taxes for americans can you unless i don't know of course leslie do you want to pay
more taxes hold on maybe i'm you know what maybe i'm in a room full of people that actually want
to pay more taxes i'm in new york i pay like fucking 65 taxes taxes. So help me out here. What are we looking to do more taxes on California and New York?
To offset everything just so you can have a good meal at a Mexican restaurant or Italian
Or do we go ahead and make sure that we lower taxes for all Americans so we can fucking breathe?
And there is some sort of incentive to actually have a small business because like
there's no incentive to open up any sort of business right now because you get fucking
smacked upside the head go ahead i i'd love to i love this conversation i love it can i just real
quick ask some relevant questions yo i've been waiting for 20 minutes.
Are we going to go by hands or no?
Okay.
I'm just wondering.
I couldn't remember who was first, my bad.
No, no, you're good, you're good.
I'm just wondering.
If we're doing the cut-in thing,
I mean, we could do that too,
but it's up to David.
But Landy, I got questions for you from 18 minutes ago.
Number one,
it sounds like you have a problem
with me assigning blame to trump instead
of appropriating it to biden i concede that point that makes sense to me and while we were talking
for half an hour i went ahead and looked at it and you're right we did spend more first of all
my point was right we spent more in the last three months this year than we did in q1 last year where
i was wrong was assigning that to Trump.
I should have assigned it to Biden. So my point still stands. And I'd love for you to like respond
and help me understand. Are you telling me that we don't have a spending problem and that we're
going to try to earn our way out of the deficit? Or can we get out of this deficit by reducing and
cutting? That's my question. Okay. First of all,
it's not, I was not, it's not about a Trump over Biden thing. I even told you that the first quarter
was leftover spending, was hitting for Biden. And it wasn't, he passed, he got bills passed.
When did he do it? It was second quarter. So that was the second quarter when is when he did all the he got all the COVID
relief funding through. So the point being is that was left over from the Trump administration
into the Biden. And this is left over from the Biden into the Trump. You're not going to see
that. And this actually speaks to what Leslie was saying about you're not getting the numbers.
You know, it takes there's some lag time for numbers.
Now, so it's not about assigning blame to anyone. It's that if you're going to look at the actual pure data and assign that blame, then you have to understand the context behind those numbers.
That's simply all I meant. And, and one of the bigger things is, is I wanted to,
I wanted to talk about this real quick
because I didn't get to actually respond to Leslie on this one
because she was asking a good question about imported products.
The imported products side of things, hey, buddy,
the imported products side of things, they do get more expensive.
Where do you see the deflationary pressures on these small businesses?
You give them tax cuts. This will help them float through while we build the infrastructure here in
the United States. Not just small business tax cuts, which we're trying to get extended. That's
why he came out yesterday and talked about these things. You give them tax cuts and tax breaks.
You give them incentives. That's called redirecting the spending that we already have. That's what they're trying to do by freeing up all this money from all
the crap that our government wastes. That can go back. That's going to go back to businesses first
before you ever receive a $5,000 check, by the way. And that is going to go towards deficit.
When they say this is going to go towards bringing down the deficit, that doesn't mean that they just
go and pay off debt. That means that they have the leverage and ability
to deploy that capital into the private sector by various ways. And you're going to see a lot
of that on the business side of things. See, we've only seen the immigration side of his plan and the
tariff side of his plan, the start of his economic side of his plan, right? Now, we know that he's a tax cut guy.
He's a pro-business guy.
And many of his detractors will say, well, he just wants to give tax cuts to billionaires.
Well, they also forget that the reason why we were doing so well in 17,
running into even in that quote unquote bear market in 18 and 19. One of the reasons why
regular American people were so happy with the job that he was doing and were shouting from the
rooftops as business owners is because they were getting the tax cuts. They were beneficiaries.
They could write off more. They also got incentivized more. So there was a lot of like
really good stuff happening in that regard.
And that's, it's part of our, we're judging things off of one.
Tariffs are one part of a much bigger plan.
He's making a, he's going to make a big deal about everything.
Like he did with immigration.
He's a salesman.
He's going to sell you on the tariffs.
He's going to sell you on the tariffs, and now he's going to sell you on the tax cuts on the other side.
And now he's going to sell you on the tax cuts on the other side.
My main point about why I had my hand up is tariffs are not purely inflationary.
Everybody will tell you that.
But the deflationary aspect is about closing the trade deficit that actually strengthens the dollar, which is deflationary.
And if it's done right, then this can actually be a very good thing.
My apologies.
I'm going to have to jump here.
Oh, man, I was going to ask you, how long does it take for that dollar to strengthen?
Go ahead.
You know, I'm going to say that we'll probably start to see because markets are forward-looking.
We've been pricing
in tariffs and will likely price in the tariffs and inflation here for a little bit longer.
I would say that I'd give it end of year and for markets to kind of start pricing that in
and rebounding. So they're going to price it in. They're going to forward look for probably the
next six months. I think end of year, we start seeing the other side of it. Now that doesn't, that does not mean that markets are going to go into a bear market or recession. It's still 50, 50 and up in the air. In fact, there's within 12 months, I think it's actually leaning more towards no recession.
leaning more towards no recession.
Sorry, buddy.
Yeah, like how does tax cuts even matter
if the housing market is going down?
People are still going to be underwater.
Wait, what?
That has nothing to do.
You know, it's funny.
Andrew just said that, but the rates
just dropped again today.
Bro, yes.
I don't know what y'all talking about.
Rates just went up
Race just went down by the way
That's factual
Houses are not going down not even close
What'd he say?
I thought you said that race didn't go down
Race went down
Look race is going to go down
People are going to buy more houses
Get more mortgages, and then the housing cost to buy a house is going to go up because there's not going to be enough product for consumers to buy.
I disagree with you. Look, then people haven't been paying attention to the actual executive order, which is going to slash housing in a big way, which is another, he's, he's
accounted for this. This is kind of the brilliant part. If you go read his executive order,
yeah, look at the making homes affordable act. Yeah. Well, he can make it affordable,
but here's one of the issues that we have in America too, is that how many investors
from different countries are allowed to
come and buy property on our land
and take that right
away from Americans because
the cost of living was so high that they
couldn't afford to buy a home.
Now we're just trying to make it affordable.
That's excuses.
That's excuses.
Where is the
income for them to be able to afford? So just because the rates are going down doesn't mean Where's the executive order? Create supply.
So just because the rates are going down doesn't mean that your typical American is going to be able to afford a house if everything else is going up because of tariffs. And I'm saying I'm not saying that tariffs are bad.
You know, I am not disagreeing with that, but I'm being realistic of what is happening right now.
You know, just because one thing is going down and the deflation there's inflation it's always you know teeter-totter type
of situation okay because I was in the middle of a thought when the housing stuff came up
can I please answer this because this is this tells me that we have to actually have people
look at what's going on if If you don't think that there
is a housing bubble, then you're crazy. Okay. There is a housing bubble. Where does about,
yes, spare me, spare me real, real quick here, because there is a housing bubble.
If you look at how home prices versus GDP, we're at like 140%.
That is going to come down.
And if you don't think it is, then you're crazy.
You're either expecting GDP to expand exponentially from here, or you're expecting housing prices to come down, real estate to come down.
And why would real estate come down?
Where's most of the cost, Henock?
You know about this.
Most of the cost of a home
is in regulatory. It has nothing to do with the actual building side. Now, if you start building
and rates come down, you're going to get both an inflationary pressure from the rates coming down
and a deflationary pressure from new building, which is going to bring comps down. We've got tons of new construction around me in California.
In California, if just part of the federal regulatory shit starts to get axed away, which is by executive order, so it's going to happen, what's going to happen to the comps?
We're already seeing them come down in an area that I haven't seen them come down in 20 years.
Comps are starting to come down. an area that i haven't seen them come down in 20 years comps are starting
to come down it will be regional and then you have inflationary and deflationary pressures
i'm telling you this is this is okay i'll take i'll take your bet i just think that when rates
come down man because there's so much demand that's bottled up right now because of these
high rates over the last several years that they're just – and there's not even enough supply.
These builders have – this country hasn't built enough supply.
I know.
Perfect.
100 percent.
I agree with you.
But that's going to raise prices.
Who just said the other day that they are done investing in the United States and they're actually trying to defest in some of their properties in the United States?
Who is the biggest biggest you know this
all my real estate people who's one of the biggest conglomerate corporations buying residential
properties that pushed all your comps up in the first place where are they from what country
america china china china china
my point is there's not enough supply for the demand and when those rates go down it's just
going to create more demand on top of the existing demands i am confused by americans
i really am like i sit not only did have i read maybe six to eight hours of stuff that you guys
have put onto the timeline and i say you guys if it doesn't fit you and then you know
brush it the fuck off but like i'm reading this stuff and it almost seems like
you guys don't live in this country it's so weird like we're doing something that
same here what i'm talking about is these things these subjects that we're talking about right now. Right, David.
I voted for exactly what he's doing right now.
Same here.
I actually want.
I want.
I want.
I want jobs to come back to the United States of America.
I want it to be very hard for companies in the United States of America to go outsource jobs.
OK, knowing that they will be penalized for it. Like, I want a total restructure of our economy so we can have a healthy economy.
So companies outsource to pay people for labor.
Leslie, you're talking, yeah, I don't want cheap labor. We shouldn't want cheap labor. China has been building out buildings. I don't understand. I don't give a fuck. And I'm sorry when I say this, Leslie, I don't care about the Mexican restaurant or the Italian one or the greek one okay i don't give a shit about that but when you are going to hire okay so let's
get realistic here you want all of the jobs to come back to america so then tell me and they will
are you gonna hire a talented um and i'm gonna use this as an example you're okay with hiring
talent from other countries that are less expensive but they're super talented And the cost to hire them
Is a lot less safe
I'd rather hire from
Are you going to go ahead and do that
To either do video editing
Or to do anything else
Graphics whatever it is
We are an international company
So go ahead and throw in something like
No no no You are You are saying something We are an international company. So go ahead and throw something like, hold on,
And we are,
you are,
you are saying something,
you're saying something that doesn't make sense.
it does make sense.
So I'll answer your question in two part.
I'll say,
I'll answer your question in two part.
If you allow me to one,
if we're talking about the American side,
then yes, I will hire people in america
to do editing for us for the american division if you're talking about the international side
can i finish can i finish or are you going to keep going and interrupting me from an international perspective you want to hire people like
americans go to sleep at what some people go to sleep at 10 p.m right and there's news to be
covered so you need to hire people that are awake when i go to sleep at 10 p.m., they're up ready to go on their side.
I will hire people from.
Hold on.
No, no.
You said.
I was talking about a job role that can be done between American business hours.
If you're talking about hiring Americans.
Well, you know what?
what we've done a very good job doing that so like i i don't i don't know what you're saying
We've done a very good job doing that.
So, like, I don't know what you're saying.
and if it's going to cost uh if it's going to come at a higher cost so be it but that means
at the end of the day like this this sounds this here go ahead you talk to leslie you talk tell me
no leslie do me a favor you talk hold on you talk tell me when I can talk. Okay. You go ahead and get it all out,
but then let me also have a runway because when you interrupt me, then you get me off
the tracks and then like that, that's not debating. That's like you trying to get your
word in. So go ahead. You have the mic. You let me know when I can talk. No, no, no, no,
no, no, no, no. You elaborate on it right now and then allow me to do the same.
Okay, I'm done.
You can go.
No, no, I don't know what I'm answering now.
So if you can elaborate, you can give me this question and I can answer it.
I'll be more than happy to.
Hey, let me throw an example out, David, and see if this is anything what you guys are discussing.
This is anything what you guys are discussing, right?
Right.
Last time Trump was in, not too long ago, you know, he pulled the, he pulled all the,
took all the shackles off of the energy, right?
And so, you know, Northern Utah, where there's a lot of natural gas, Wyoming,
where I spend a lot of time, North Dakota, South Dakota, Montana.
I mean, people up there were literally making $35 to work at McDonald's.
Now, why was that? It's because by unleashing their regulations on those industries,
it was just like a boomtown. There was literally boomtowns. They called them man camps, right?
You couldn't buy a house there. People were building houses. People were buying trucks. People were, but, but it literally trickled down to the point
that McDonald's workers were making, and I'm not good with numbers. Maybe it was as low as 25,
maybe it was 32, but it was in that range, right? Seems like it was a low $30, mid $30
to work at McDonald's because everyone else was making $150 an hour driving a dump truck or,
or, you know, doing whatever. So, so I think when we focus on these, uh, like hearing Leslie's
concerns earlier about like the, the short term, the tariffs are going to drive products up on,
on some, on some things. Yeah, it will. But, but I think we have to look at trump we have to and i just use that
example to reflect back on last time he was here how good things were right how cheap gas was
how much better off everybody was and that's what people voted now i think some of the stuff he's
doing is new he's getting a lot of fud and it's scary and it's ruining the market. And that may all be planned. And my theory is all of this, he wants to force everyone to think there's going to be
a recession because he has $9.2 trillion. He's got to refinance and he's got to get that. He's
got to force the hand to get at least three rate cuts. So I think that's all intentional, number
one. I think that's every time. I think he wants to wreck the stock market.
I think he wants today, I think Goldman Sachs or someone came out
and said there's a 50% chance of recession.
He wants that.
The Fed will have to act, and we'll see that,
and we're going to see at least three rate cuts, in my opinion.
But when you look at the overall, you back off.
You made a great point, Dave.
David, we're not going to survive.
We're a bankrupt debtor company who, when I was,
when I was in high school, I'm probably older than everyone here. Um, but when I was in high
school, we used to be worried that our debt was going to hit a trillion dollars. The overall debt
was going to hit a trillion dollars. Oh no. What would we do now? It's 35 trillion, possibly a
hundred trillion. If you look at all the unfunded liabilities but biden was was was
throwing spending money and and and so did bush trump ball bomb all of them but now you know five
six ten billion at a whack right he came close to getting another eight billion to blow another
eight billion and i think i think that one uh democratic senator kind of kind of kind of got
it but but he's taking he's taking a multi-pronged approach. So you're right,
there is going to be some short-term inflationary pricing go up or whatever with the tariffs. But
overall, the idea is to bring more bigger paying jobs. A race to the bottom, we're never going to
compete with Indonesia or Africa or China where people
work for 50 bucks a month for a whole family. It's never going to happen. So we can't do that.
Right. And so he's, he's taking an approach that's going to, you know, much like if,
much like if you're like, you know, you watch this 500 pound life or two ton life or whatever,
right. They go and they cut slabs of fat off these people
that look like it's a quarter of an elk, right? These 70, 80 pounds slabs. But overall, if these
people were to take an overall holistic approach to eating, exercise, maybe they're mentally got
some issues they need to deal with, right? If you're 1200 pounds, you have some serious
things you need to do.
So Trump is doing that.
He stopped the border.
That stopped all that money that was bespending.
They're cutting costs.
They're using these tariffs, which I think are more negotiation points, right?
I think these are more starting points, right?
And there'll be some short-term pain, but overall, all of this thing are going to help.
The last thing is, so I think we shouldn't focus too much on the short-term pain.
Yeah, when you go to the gym and you get on the treadmill
and you haven't walked in a month,
you're going to be paying the next day, right?
But that's short-term.
Long-term, you're building muscle,
you're getting healthier, your heart,
your cardiovascular, you're better at burning sugar, all that stuff that stuff okay so i think we need to look at it as
an overall approach he's super smart he's been thinking about this for 40 years he's had these
plans he has billionaires some of the smartest people in the world working in his administration
for free right and he's delegating he's let them do it i think if we just set back give trump a chance
i think a year two years three years from now we're gonna the best any of us have ever seen in
our lifetimes right i believe that and and i believe that's what everyone voted for and the
short-term fud the fact that he wants to lower taxes to help his rich friends he doesn't give
a shit about his rich friends the man just about got shot in the head.
We had that space that night, David,
if you remember,
I was helping you co-host
and we had Charles Hoskins.
The man almost took a bullet to the head, right?
He doesn't give a fuck about his friends
or rich people
or what people think or anything.
He's not going to get elected.
He's doing what he believes is going to work.
I believe what he's doing is going to work, right? I believe these tariffs are going to work. I believe he's thought this out decades in
advance. So do all his people. These aren't some Harvard professors sitting up and saying, you know,
take an economic theory. He's a businessman. His people are businessmen. I think it's going to be,
I think it's going to be great. I will, i just want to say two more points and then i'll i'll let you guys get back to it but um number one is regulatory right
slashing the regulations i owned a salt mine i was partners in a salt mine in california we ran it
under obama we ran it under trump and then we ran it under biden and we sold it. Okay. And I'm telling you, we were in a, we were unfortunate enough to
be the only mine in a 500,000 acre critical turtle crossing area, right? They could only use 5,000
acres. We use 3,500 acres, highly regulated by seven different regulatory bodies, including the epa right the difference between trump obama and trump
was he stopped it we could do anything we're also off grid i mean we had we're running on generators
i mean i can't i could i could go on for hours about the the regulatory nightmares we dealt with
right but it changed so much we were able to do so much more under Trump.
And that's what's happening now.
Regulation kills everybody, right?
And just that point, I think most people don't understand.
We don't have any oil.
We can't drill oil because they're not giving you the permits.
Maybe they'll give you three of the five permits you need.
He's unleashing energy, which lowers the price on everything everything
because everything has to get shipped there right it's huge i think my prediction in a year or two
we will we will be seeing an economic boom the likes that none of us alive on this panel today
have ever seen the last thing i want to say is in regards to this market,
this is my fourth cycle.
Every single, I'm talking Bitcoin,
every single cycle seemed the end of the world.
Every single cycle seemed different.
Every single cycle seemed like it was the end, right?
We look back on charts and we see they're all match, right?
When we were there, when you were there,
scary stuff was happening.
China was blocking crypto, right?
We thought Bitcoin was going to go away.
Bitcoin Cash broke off and they were going to kill Bitcoin.
We literally thought they might overtake Bitcoin and kill it. They were literally turned each other's miners on each other and they tried
to kill the other one. Right. And they did it again later with, with the, with Bitcoin vision
or whatever. What I'm saying is every time feels like the end. Every time feels different. Every
time when you're sick to your stomach and you want to barf and, and you're hating life and you,
you just think it's the end. that's when the money's made.
So those of you that are on this stage,
I know you got a huge audience, David.
Those of you that are new here and this is your first cycle,
it's going to turn around and it's going to be freaking epic
and we're going to see million-dollar Bitcoin.
We're going to see multi-million-dollar Bitcoin.
Don't get shook out now.
By the way, Landy, man, Landy landy's you know dave you and i talk it's all emotional all fast
and we we know we're not slow man when landy speaks it's freaking it's it's cool calm and
collected to uh quote someone you probably don't want me to bring up here but but anyway
that's all i had to say but but i'm bullish as hell even though i'm real unlike everybody else
i'm uh i didn't think we're ever gonna see these 112 salona like i just saw but that's okay man
this you buy when there's blood in the streets even if it's your own blood the great baron
rothschild this is our own blood we need to be, we need to be digging our heels in. And anyway, that's my
thoughts. I appreciate you. I just wanted to say one. Thank you, Ron. I appreciate it. I really do
love this conversation. And I know that I do get passionate when I'm speaking about this stuff,
because I really do genuinely care about this stuff. And I know that it's, oh, he's in the Trump tank.
I'm in the Trump tank only because of the lines with what I voted for and what I wanted to see
the first time around he's actually putting into place now. We need to see, and I want to,
because I have to jump here, and I'm going to go back and listen to the rest of this later when I get a chance during the afternoon. Because I want to hear what everybody else has to say, because I think
everybody's making good points and everyone has valid concerns. But what I want to encourage
everyone to do in a time like this, especially when the markets are reacting the way they are,
emotions are high, the news is fresh, is to understand that we've only seen two of the,
this is now the second major policy implementation. And there are other policy implementations that
are coming that we know about that we're ignoring because the topic of the day right now is just the tariffs, right?
And there is a much larger vision at play here that if we understand it, then we can hold this administration to account. Because even though I voted for Trump, and I voted for others that are in place that are
pushing forward his vision for the economy, I also am, it would be remiss of me to just
take it as a foregone conclusion that it's all going to work out and everything he said he's
going to do is going to happen, right? So understanding the whole issue holistically
from every angle that you
possibly can with the most amount of information you possibly can by educating yourself on each
issue and how they interact with the other issues, I think is very, very important so that you have
the context for why what is happening. Why is Landy bullish on the tariffs? Why is David bullish on the tariffs?
Or why are Leslie or maybe Henock have major questions and are very speculative on this? I'm bullish, by the way.
I'm bullish, by the way.
I know you are, but I think that it makes for good conversation.
I'm bullish too, Landy.
I know we all are, and I think it makes for great debate.
But it's more for the audience because they, they listen to us and they might,
you know, they might think like, Oh, Leslie hates what's going on.
He not hates what's going on.
And David and Landy are, are in the tank.
And so is Ron and look at Russell with his hand up.
He's been waiting for so long, but I wanted to say, David, thank you.
Leslie, he not great conversation. Andrew.
Thanks for throwing a wrench in there, Ron. Ron big shout out Russell. I look forward to hearing
Yeah, I was right though the housing market
There's a you know there is an opportunity right now as the
market is down for anybody who has dry powder on the side to take advantage of these markets
because these markets will recover and uh you can 10x your money i mean those that's that's
probably what smart people are doing they're looking at assets out there they're like holy fuck this is this shouldn't be here i mean
this is a gift uh second uh to answer that question about business if you know if we're
talking about from the united states standpoint of of course, it's like, yeah, we hire Americans.
That's a no-brainer.
But as an international company, you're going to have to hire people that work outside the United States of America.
You're not going to have people working you know the graveyard shift it just it's impossible in
this certain business to go ahead and do that so yeah we live in a digital world david i think most
of what trump's doing is the physical irl correct we're in a digital world we're we're all over the
world right now we probably have people in 30 40 countries in this call right now. It's a little different.
Landy also said, um, what do you say?
Okay. So like, and I agree with him on this.
There's a lot of things that like, I'll talk to Landy.
We, we agree on most of these things.
You know, I just want to say this before I move on.
I'm a Republican and everybody knows that, but I'm willing to go ahead.
And this happened even before the tariffs. I'm willing to go ahead. And this happened even before the
tariffs. I'm willing to go ahead and point out things that I just don't like. I think that's
it's great because as an American, you can go ahead and say things without being fucking arrested
for doing so. Other countries, they don't fucking let you speak or say a word on the
internet anymore, or you can go ahead and get fucking locked up um we don't have anything to export it's true like he
like this is not the first time it's been mentioned we need to be a country that has things to export
but that all got lost 40 years ago that's's when Clinton went ahead and allowed for this shit.
And I was a Bill Clinton fan.
Like, I was a Bill Clinton fan growing up as a young kid.
Oh, Bill Clinton, oh, he's dope as fuck, man.
And everything that I heard was Bill Clinton is like, he is completely, I mean, the economy is fucking phenomenal.
At the end of the day, though, like 40 years later, here we are.
Here we are.
And we need to bring, not only do we have to keep American businesses here and make sure they don't send off shit to other places so easily.
Okay? Slap them on the wrist they have to know like yo if we're gonna outsource we'll get penalized because we're getting penalized
because we're taking away from say that again we do export a lot of corn
if we export if we outsource,
excuse me,
jobs,
then we're going to get slapped on the wrist and American companies will know
that period and said and done.
I don't know as an American,
if you're not in favor of bringing jobs back,
having small businesses be incentivized to work here to create jobs for the american people
i don't know what to say like this is a crazy argument this is this is actually a crazy
conversation is that freedom yes is that freedom though you know like why why can't i have the
freedom to look there there won't be any you know great question. You know what kind of freedom you'll have?
You know what?
You guys are stuck on, well, we can sell a lot of things
to go ahead and continue to keep printing.
At some point,
have you noticed other countries?
I'm going to give you an example. Nigeria.
What happened in Nigeria?
What happened in Nigeria?
America just wants to enslave us.
What the fuck?
I'm asking a question.
What happened in Nigeria?
Bro, who the hell knows what happened in Nigeria?
Why wouldn't you know if like, if you guys know, like, okay, I'm going to mute this again.
And I'm going to specifically target Andrew.
Now I'm asking for a serious conversation.
I don't really care.
If you guys are here to
participate in some bullshit
with no facts,
guys, open up a room.
I am literally
telling you, I can be in here
with five people and I'm fine.
Today
is not the day. I am literally
not being sarcastic today.
This is a serious topic for me.
When I wake up in the morning,
I got DMs of people panicking.
This is serious because a lot of people
don't understand what the fuck is happening.
You guys are coming up here being fucking stupid.
Now, if you weren't stupid,
then don't thumb down.
I'm not saying we can't debate.
All I'm saying is,
bro, like, let's debate on facts.
And the fact is
that America is broke.
Okay, that's fact.
We just continue to print.
That's all.
Every single thing, anytime a recession comes, we print.
Go ahead. Go ahead.
Go ahead and look back on our history.
That's why I ask.
Guys, get a whiteboard.
Go right out the timeline.
Every time we are close to a recession,
guess what we do?
We print.
At some point,
it has to stop.
During the last
four years, you had bricks
pop up. They're like, we're tired.
The US
dollar is fucking shit.
Plus, they control.
You don't get it. This is bigger
than your crypto.
I know a lot of people here are pissed off about their crypto.
This is bigger than crypto.
Yeah, you know what, Andrew?
Freedom?
Yeah, you'll have the freedom to walk around here and starve to death.
Absolutely.
100%.
You'll be able to walk around here and starve to death. Absolutely. 100%. You'll be able to walk around here and starve.
We got to, you know, it is mind boggling to me.
We have a president that is trying to reset everything.
He's ripping everything apart.
He's trying to reset everything.
And long-term, we're going to be a healthy country.
And we're so against it.
Because I'm going to use this analogy.
You're so used to bad food, fast food, that you don't want to eat salad.
You don't want to eat good food, cook home good, like home cook food.
You're against it.
You want that fast food.
You want that Coca-Cola with 50 fucking grams of sugar in it.
That's what you want.
You don't want to actually live a good and long life.
You want to be smoking some cigarettes, laying on the couch,
stuffing your face with some cheese doodles.
That's the only analogy that I can make that can hopefully make sense
about what is happening here.
While everybody else around the world is sitting back and eating good, okay?
We are, we are. We are.
We are.
A fucking obese.
Where's that?
Who mentioned that, Ron?
We're on fucking TLC 600 pound man and over whatever that shit is.
That is America right now.
And we only got three months to live.
Anyway.
I'm on mute, but like, I'm just asking politely.
I've asked three times if we can keep it serious.
I'd appreciate it.
And if we can give people a chance to talk and then reply,
that'd be great.
That would be wonderful.
You win no points by stuffing somebody and they haven't even gone through
their sentence.
I think that is weak.
I haven't used the mute button so much ever.
Like, I've used it three times today, man.
That's a fucking record for me.
Anyway, Unmuted Crypto Talk Radio,
thank you very much for tuning in.
I'll be signing off in the next 20 minutes.
Obviously, of course, I got to get ready for the live show um i do appreciate everybody who has come up
and given their takes the only reason why i'm muting is because we we i said that there are
people that are joining this space they're new some might be new some might be veterans and they
don't understand the economy.
And they just want to get a better grasp of it.
They want to understand what's happening,
what other people are thinking, okay?
And I think it's beneficial to go ahead and stay on topic and just like, let's not just argue just to argue.
If you want to debate, that's fine.
But let's debate real items
With facts behind them
Mar was going on you've been waiting what's going on? What's up, David?
By the way, fuck you. It's real quick to go back before we go serious about the whole I
Heard about you go ahead more. It's all jealousy. It's all jealousy, David.
Man, you remember, David, first of all, I hope everyone is doing great.
Leslie, looking beautiful like always.
I remember, you remember back in 2000, those riots with Bill Clinton?
Remember that, David?
Yeah.
Yeah.
You know, Bill Clinton was was like he was bullish for short term but long term you know and i spoke to a lot of people about this
it's gonna go down as probably the worst president ever for sending right now what is it 30 percent
of u.s companies are in china And I'm with you 100%, man.
We got to bring these companies, these jobs back to the U.S.
Long term, it would just be better for the country.
But the reason I came up is because I do want to share one thing that I run.
I'm the boss in this company right now that I run.
The Ferris View in Miami, a lot of people know that I run. I'm the boss in this company right now that I run, the Ferris wheel in Miami.
A lot of people know that I work there.
My biggest fear with bringing jobs,
and give me your take on this,
bringing these companies back to the U.S.,
it's basically my company that I, you know,
the company that I run down here in Miami, Florida, has 18, no, 21 employees.
Okay?
And I don't know if I should say this, but the Miami employees, people that live in Miami make 15 bucks an hour.
OK. And the employees outside of the United States that they bring in on the special program where we got to give them a live in house transportation to work.
Okay?
They're making fourteen fifty an hour. OK.
my company has over 450 of these employees because they run the six biggest
fairs in the,
in the,
around the West coast and Texas and all that.
And what's your take on this,
man?
Cause if we bring companies back and let me tell you,
we're all illusional.
Like these shoes,
these Nike shoes cost a dollar to make in China.
But by the time they get here,
it's almost like if they were made here in the U.S.
How expensive they get with all the fucking taxes and shit like that.
So we're still paying a lot.
That topic, I don't even want to touch it.
But what's your take, man?
Because if we bring the companies back, what if the U.S. now starts bringing, you know, immigrants from other countries and pay their fucking living, their transportation to work?
Because that's what's happening now.
It's going to be the same shit.
We're going to, you know, we're going to crash with the same rocket again.
It wouldn't make any sense.
And I see it because I run it.
I run a company where there's 16 or 17 employees outside the u.s that are living here
they have a six-year visa three years but they could get up to six years and they have their
home paid off we pay their rent we pay their transportation to come to work and they're making
50 cents less an hour than the u.s employee that has to pay gas to go to work the fucking bills
and uh this is just something that i don't want to see when trump brings in all these companies
back from uh china you bro am i rugging or like you were i couldn't hear you at all yeah you were not dead
mar was speaking and then like i just nothing was like i was just trying to fix this shit i think
we were marinating man they were just all just like reading it in what's up so like cliff know
what did mar say was there a question or he just wanted to make a statement? He was just saying he was, he was talking about the government brings in, you know,
few hundred thousand workers.
They make 50 cents less than his workers, but they get their housing and everything
paid for.
I think it's called HRA.
And he was just saying he was worried, is that going to expand?
But, but I think that's a government regulated program.
They'll look at, they'll balance.
I don't think it's a, it's a, you know, that's something that they need government regulated program. They'll look at their balance. I don't think it's a,
it's a,
you know,
that's something that they need to look at.
That's what Doge is looking at right now and things like that.
but that was his concern.
My biggest concern,
and I feel like I'm being repetitive,
but my biggest concern is America and it being healthy and the tariffs.
Yeah.
You know,
obviously what,
you know,
you can look at the markets. It's had an effect on the markets. Yeah. You know, obviously what, you know, you can look at the markets.
It's had an effect on the markets.
People are panicking,
but it's crypto though,
right?
Like if you look at it,
it's,
it's mostly crypto and people who are extremely over leveraged.
Like if you talk to anybody who has taken profits respectfully and put it
aside,
or they have money that can last them for the next five years.
And they're not worried.
They're sitting back and they're,
and they're watching and they can pick their spots and,
and come in and buy things that others,
others can't right now.
And yeah,
I know other,
like I said this earlier,
others are in positions right now where they have to sell at a loss.
Well, you know what?
Should have been tuning into really good content, right?
There's a lot of good content creators, a lot of good media personalities that break
these things down.
Should have been tuning in.
And I said that in the beginning.
So you know what?
It's really your fault.
And you should take accountability for once in your life.
I take accountability for my choices. You should take accountability for once in your life. I take accountability for my choices.
You should take accountability for yours.
It's really that simple.
I voted for this.
By the way, just to let you guys know, I voted for this.
I'm good with this.
I'm good with sitting back and watching somebody rip apart, rip apart this entire clusterfuck, do a whole reset,
renegotiate these deals with all these foreign entities.
Okay.
And finally,
just finally give America an opportunity to fucking breathe again without
charging.
Okay.
People who become successful,
you know,
it's kind of fucked up because like your entire,
you know,
we say America,
uh, you know, the land of fucking opportunity and people take the opportunity to invest into themselves.
They build something and then they get taxed like crazy.
All this shit that's put out there.
Oh, you know, these people don't pay taxes.
Let's tax them more.
I mean, think about this.
11 billion dollars. And we'll go with Elon, right? Don't pay taxes. Let's tax them more. I mean, think about this. $11 billion.
And we'll go with Elon, right?
Elon got taxed $11 billion.
That is not normal.
It's just not normal, man.
I don't believe our most successful people who create jobs should be taxed $11 billion.
should be taxed $11 billion.
People that send rockets
because the shit here malfunctions,
okay, that send rockets into space
to save trapped astronauts
should be taxed $11 billion.
People that are creating things like Starlink that have saved countries in terms of communications.
I don't think they should be taxed.
Okay?
I don't think you should be taxed for creating jobs in general.
Amazon creates a shitload of jobs.
I don't think people should be taxed.
Senator Warren presents 90% taxes.
Bernie Sanders would tax somebody at 99%.
And this is all to fund the government.
And where is the money going?
We learned where the money's going. It's going towards providing $50 million
worth of condoms to fucking countries. 25 million is going to Colombia for introduction to
transitioning. This is where our tax money is going we're all fucked up no other country
operates like this only we do for some reason we're doing what we're spending millions of dollars
on transsexual mice like this doesn't even make sense and you guys are here throwing up an argument
sense and you guys are here throwing up an argument like hey let's let's continue to tax
you know let's continue to tax people that have invested into themselves that drive in revenue
let's take their revenue away and let's fucking throw it right into this fucking hey like we
let's let's change let's change the genders of fucking mice around, man.
This is great.
This is crazy.
And then, obviously, American companies, it is true, like John Deere,
they were getting away with outsourcing their products.
And that means they outsource less jobs for Americans.
Like, when do we give a fuck about the American people?
Like, when do we care?
Like, you mother, I can't find a job.
I hear this all the time.
I can't find a job.
I can't find a job.
The jobs that I find, I'm not qualified for them.
I go to college.
I spent $200,000 on college.
I can't find a job.
All I can find is an entry-level job.
That's right. This is America. Welcome. Welcome to America.
And you're fighting to keep this system. Again, it's that sugar. It's that sugar and all that
processed food that you're eating, you're accustomed to it. You don't want to get healthy.
You don't want to jump on a treadmill okay that takes effort
right so like you know you want to continue to be the fat ass be all that you can be be that fat
ass on a couch okay and the crypto heads of course my shit's down oh my god i can't do what oh my
why are we paying canada for what bacon what are we talking about bacon lumber
shit that we have here like do you understand where i'm going with this like we are providing
them with an army they got no army we provide them with a goddamn army we protect them
okay we're talking about maple syrup we're talking about maple and they're gonna tax us on automotive
what automotive bring back these companies they're ours
david let's go to randy we'll go let me just say yeah go for it run they need us we don't need them
exactly trump's just letting them reminding them we don't it's like the emperor with no
shoe or no clothes or whatever oh yeah
he he's just saying it out loud they need us china needs us we don't need them ultimately
we are the biggest economy there they got downgraded today they need us we don't
10 a 10 a because of this they they don't let american companies sell in china yeah we let china buy our land
we buy buildings made from china that's the thing he's he's seen this 40 years ago 30 years ago
trump was saying this i'll say one last bullish thought everything we're talking about everything
he's doing for manufacturing and tariffs and all that stuff he's going to bring that same energy to crypto he is
he's putting in these people we will be if not the number one crypto country in the world will
be one of them one of one one of two that's huge right for us here yeah it sucks we're our bags
are down short term that sucks it feels crappy. But he's applying a lifetime of knowledge.
Everything he's doing for manufacturing, he's bringing that same energy, bringing the same people who can do that for crypto.
That could reset America.
We could end up with our debt paid.
We could end up with a sovereign fund.
We could end up building cities like Dubai is is right now right so i'm bullish as
hell on trump um i'm the fact if he was doing all this and wasn't doing crypto i'd be happy
but i'm ecstatic and i'm so bullish as i've ever been in my life because he's bringing this same
energy same experience to, to us.
And I'll go right to Randy.
I mean, at the end of the day, I, I said this in the beginning, I could be selfish and just say, fuck it.
Fuck all this shit.
Uh, print money.
I let the fucking market go up.
I'll take more money out.
And then if, when everything goes to shit i'm good
you're not who gives a fuck but like no i'm a proud american i love america and i just want it
to be successful it is a business that needs to be restructured and once people see that and like
really look into it you'll finally agree i i see I see the comments, like people think I'm a CIA plant now.
This is crazy.
I mean, this is weird, but CIA plant.
I've never been called a CIA plant,
but no, like the restructuring of America,
this is not about being, you know,
this is nothing personal.
I think we can say this is nothing personal
with other countries.
Other countries have been
feeding off of America for a very long time.
They should understand this.
If anything, they should understand and comprehend
oh, okay.
If it was us, we'd do
the same thing. Because they do!
They do!
Randy, go ahead. What's going on?
Oh my gosh, David.
Hope you're doing well today. Hope you
have a suit all ready for your live show. I do. No, you better because you got to stay classy
over here and represent us. Anyways, I was thinking I was talking I was going to talk
about Nigeria for a minute. But also, I feel like a lot of people here have Stockholm syndrome
where they're like, oh, my gosh, please tax us.
Please make sure that we work our entire lives for a dollar, so that way they could just print
a lot of them. And Elon said that there's a bunch of magic money computers that literally just
give money to God knows who and God knows how and what's done with that money. We could only
pray and hope it's something decent.
But that's okay.
Let these elites keep printing their own money and giving it to themselves.
And we'll just work our whole lives for nothing.
Like, that's absolutely ridiculous.
Like, I have zero patience for that.
And I think that crypto is the only way we can stand up for ourselves and have money that is controlled by us, essentially.
There's, with with bitcoin a finite
supply of 21 million there's a halving schedule to control the amount that's issued like there's
a method to its madness but there is no method to the madness of the dollar and then you have
all these politicians that people literally vote for when they're absolute criminals like what are
we doing here and then we had like nigeria right they
basically kidnapped this guy from binance for over six months and the last administration didn't even
care like i i can't understand that it makes america look bad this was a former federal like
employee that got kidnapped by another country for no damn reason. And then the government was like, yeah,
leave them there. Are you kidding me? Like that shows you don't care about our citizens. Like
there are countries that should never embarrass us, but yet embarrass us. And we allow that.
And then you have people on the street that don't even know what darn inflation is.
And so like people are just numb. They are blind. And that's why like doing spaces like this, why I do my show, like wake people up. It's like almost I want to go on the street and shake people and say, what are you even thinking about on a daily basis?
brain rot brains and like what are we doing about it oh let's make america healthy again like you
said but no one wants to hit the darn gym for 20 minutes like this is a problem we have a mental
health epidemic in this country that's been absolutely manufactured from everything to the
programs we watch on our tv why do they call it tv programs because it's programming you. Like people need to wake up. I like your
water, your food, your TV shows, the technology that we're even talking on right now. Like it's
meant to control you. Every single day we sign up for a new app that we give up all of our rights
to. God knows what they're doing with our information, what they're watching, what they're
listening to. I just, I don't know. I went, I know I went on an absolute tangent, David, but you told me I
had to be serious today, so I decided to be serious for you. I appreciate it. I'm going to answer
Hanak also because he's like, I don't think he gets what I'm trying to say here also but I do appreciate it like I do
I'm going to answer
you on something because
when
we have conversations like this which
I'm begging for right I'm begging
for real
factual conversations because
it's not only for me it's for
the audience right it's the
people that are
in here right now and i'm going to say this again there are people on my dms and i mentioned this
to somebody because somebody wanted to do like hey you know what maybe we should do a giveaway
for people like and i'm like like i i kind of like i i thought it was a nice gesture, but I was like not really
Because I don't I think today is a learning day. I think we should come with factual shit. Let's not banter
Let's not banter. Let's present facts. So why everyone has done for the last three hours
I don't know what you're talking about you haven't because when me and you started you go
Well, you tell me why.
No, no.
When you present something.
Bro, to be honest, man, I really don't want to indicate what happened two and a half hours ago in a space, man.
But I do.
For real.
I do.
Because you.
No, but hold on.
You felt like doing it.
So I'm answering you.
If you're going to pose the question.
It wasn't even a question.
If you throw out a statement, then answer it.
If you know the whys. That's all. That wasn't even a question. If you throw out a statement, then answer it. If you know the whys.
That's all.
That's all I'm saying.
And that's all I'm trying to say to everybody up on stage.
It's like, if you want to come up here.
I thought Randy made phenomenal points.
I think it'd be a great time to continue that conversation.
But that, like, I've tried to have this.
This is the whole point.
I've tried to have this, this is the whole point. I've tried to have this conversation this entire show.
I'm not pointing you out, I'm just pointing the question out.
It's like, I get I'm the host, but I want everybody to chime in from their point of view to explain their why.
I can't explain your why.
And I want to be factual today, not saying that you aren't. I'm
just saying I want, in general, this conversation to be factual because there are people listening
and they're looking. Because no matter what we want to say, there are people looking to something,
for somebody to say it's going to be okay. Like there are people in this room, I'm telling you,
they are looking for somebody to just say it's going to be okay.
I think you've done an amazing job curating an amazing space today.
And I feel completely different than you do about the quality of the content
that's been presented for the last three hours.
And most recently what Randy just said, unbelievable content.
I wasn't, okay. Everybody right away thinks i'm shitting on them i'm not shitting on you i just used an example there
trust me there was like eight examples that i can use okay those eight examples all all i'm saying
is from my standpoint this can be biden in office okay. If Biden was willing to restructure the United States of
America the way that Trump's attempting to do it, I'd be backing him. I, by the way,
backed all the presidents, Democrat or Republican, because I am not going to shit on the person
sitting in the Oval Office. It makes no sense. Could I have disagreements? 100%.
But I'm looking, and I think every American should be looking for somebody that is going
to restructure this company, which we call the United States of America. Okay. And yes,
make it great again. Okay. Yeah. Make it great. Make it to where like we, the American people, aren't paying taxes up the yin yang. My potholes are still not fixed. I'm telling you, there was an infrastructure bill passed years ago. My potholes still look like shit. The bridges look like shit okay like you can't tell me things are being done the pentagon can't account for money
when they're audited they can't account for money there is something wrong and the way
they get out of it is let's charge the united states citizen more money that has to come to
an end and then i have to sit here and listen to well if i go to my
restaurant i don't give up then don't go to your restaurants how about that buy some items from a
store chop up some fucking onions tomatoes get some garlic you know get some you make some grilled chicken. Okay. Like do make a healthy fucking meal, prep enough up for
five days and eat. Okay. You're going to have to go ahead. And if you can go out to the restaurant,
if it went up by $50, well, you know what? Maybe you shouldn't be going to the restaurant anymore
for the time being. Maybe you should be making food at home there ain't nothing wrong with a good home-cooked meal jules is going on
well fuck you talked about being serious and i just wanted to come up here to ask if we can
unionize there's like 480 people here and i feel like we could unionize and really, even if there's a lack of...
Today ain't the day, Jules.
Careful, Doug.
Okay.
Fuck.
Okay, let me be serious.
I've been poring over so many fucking charts.
I'm going blind right now.
And I'm retardedly bullish.
But here's the thing.
I'm so sick and fucking tired of trying to hold people's hand.
Guys, we're bullish.
I get the conversation.
I'll offer a different perspective.
This market, by design, washes out 90% of the participants.
It's just what it does.
The market is doing right now what it's supposed to do.
Whether you're bullish or you're bearish or you don't like what Trump's doing,
which, by the way, I have to say, that flannel graph that he flashed yesterday,
holy shit, dude.
Take it easy, man.
Could you just
do one country at a time? No. He decided to show up with a giant fucking card with a hit list of
tariffs. Ultimately, I'm bullish on the long term of what's happening. But at the end of the day,
if you have to be convinced on being bullish, you don't understand how this market works.
on being bullish, you don't understand how this market works. This market works best and the most
amount of millionaires are made and hundred thousandaires are made when they are so fucking
retarded because they are buying when everybody else is running away. And then all those people
end up coming back and then they go, oh, you're lucky. You're fucking lucky like i i i can't believe you and it's like
no dude i was the guy that was buying shit when you went back to your job because you quit your
job to go full-time in crypto and couldn't cut it so it's like i i get the point like because
there is panic and i know definitely on moneyMaxies we've talked about it a lot.
But the way I see it ultimately is that the market is doing what it's supposed to do.
Because you can share the charts.
You can share the whole fucking thesis. You can build a fucking thread out.
And what most people in this market do is they trade off of emotions especially meme coin traders because they've figured out
how to make that work in their pvp style of willing something into existence but at the end of the day
like this retracement was needed like forget the whole like what's happening in the world and the
terror like bro we've been pumping for like two fucking years on Bitcoin.
Like, chill the fuck out.
Like, I don't know why people are panicking.
But at the end of the day, I'm like, I'm tired and I'm done of trying to convince people.
Because you can give them all the facts. You can give them everything.
And they still don't fucking listen.
So, you know, it just is what it is.
I mean, I'm retarded.
Today, it's retarded to be bullish.
I am a bullish retard.
No apologies about it.
Just is what it is.
I mean, I don't know if David's rugging.
Am I speaking over David?
No, you're cooking.
Oh, okay.
Well, I just believe at this point that there is no stopping us.
And I know that could be like, as he says, retardedly bullish.
But at the end of the day, we're in a position where it's basically like a gold mine.
And having Bitcoin and crypto right now is like three generations down the road.
Bitcoin and crypto right now is like three generations down the road. You're going to be
like so old in your little rocking chair and like your grandchildren, your great grandchildren,
they're going to be like grandpappy and grandmammy. Like, what were you doing when Bitcoin
was starting to take off? Like, obviously, you were there, you were part of a revolution. And
I really believe that's what we're doing right now is being part of a revolution that we're dismantling a generational wheel at this point, like for hundreds of years.
Like, what have we been doing? Oh, yeah, we had we had gold and then we had dollars.
And then we were like, hey, banks, yeah, just like hold our gold, hold our money, essentially, whatever that was turning into at the time. And, you know, we'll just come
back for it. We trust you. And then all of a sudden we have more money being printed. It's
not backed by anything. And, oh, yeah, we have a centralized entity controlling our value, but
we also have these centralized entities holding our money. That sounds really great. And then we
saw in 2023, 2024, even 2025, I think we've had a big failure.
So what are we doing here? Like, that's what we really have to ask ourselves. And then we have
these magic money computers that are just printing more money, but we're still paying taxes and
working our asses off for nothing because there are some people that are literally just creating
that are literally just creating money out of thin air and putting it in their own pockets
money out of thin air and putting it in their own pockets and spending it on God knows what.
and spending it on God knows what.
And so I believe that, you know, dollars fund corruption, fiat funds corruption.
And, you know, of course, there's bad actors in crypto.
But at the end of the day, at least we know that every Bitcoin, every Satoshi is accounted
for, that we can have it in our own wallet, like no one can take it from us.
We're able to be our own bank.
We're not relying on other people.
And that's essentially why there was operation choke point 2.0 that's why you know even some people like you know in my own family called me crazy um and called me like an anarchist or
something because i was saying you know the banks are gonna fail like i was saying this in 2020 i
said the banks are gonna fail we're gonna have problems and people thought i was insane for
saying that because they worked their whole lives for dollars and they couldn't imagine something like Bitcoin coming in and being like, oh, that's something that I should store my value wake up to the fallacies in the current system and the corruption.
Even, you know, you can look at certain senators and certain people in Congress that even past presidents, like where did their money come from?
How did they become multimillionaires?
Where do they spend their money?
It's just it's an endless hole of just darkness.
And I feel like Bitcoin really brings light to a lot of people that may not have had it before.
Shout out to you. Good for you, Randall.
Aw, David, you said something nice to me. Aw, thanks. Appreciate it.
Bro, Gen Z is going to save this industry. I'm telling you. Bro, Gen Z is going to save this industry.
I'm telling you right now, Gen Z is going to save this
industry. We got to get all the boomers out.
We just got to get the young minds in,
the young ideas in.
This is what's going to save the industry, bro.
The old way ain't working.
Get the boomers out
and then we'll really file for bankruptcy.
Nova, what's going on, man?
AC and Raph had their hands up before me,
so I'll go after them.
All right, AC.
And I don't see Raf.
What the fuck is Raf?
I don't see Raf.
Hey, what's up, guys?
David, very grateful for you hosting a great space.
I loved listening to everyone.
Randy, you, David,
you seem like such a great piece of positive energy
in the universe
this is the first time I'm hopping up here
but I really sense a lot of great positive energy
I'm from Miami and Puerto Rico
but my parents are originally from India
so I was just in India
my grandma just passed away
so I was there for a month
oh thank you very much bro
and I'm so grateful to be here
have had such a great day.
I'm actually streaming on Abstract and trading right now.
And I trade all morning.
So I'm very, very in tune with a lot of things.
And I have to say, like, I've been hearing so much pain in this conversation from a good standpoint, too, where we have to discuss these types of things.
But those who know the same pain, there can be no hate.
And it's about understanding one another's specific circumstances.
Like I'm trading stocks right now and options.
There's so many people in so many different ecosystems that are just biting their fingernails.
Same with crypto.
But we all have to just understand that these types of moments are opportunities to not only make more money, that's last, but refine yourself.
I love to pray every day.
I read every day. I write every day. I love to read holy literature. I'm almost done with the Bible, the Quran,
the bovanam I just finished. I just finished the Bhagavad Gita. And these are the times that we
have to sharpen our own tools and our own personalities. I'm very grateful in general
to be able to wake up in the sun, pray, read, write, love, call mom, call dad. I have a great set of parents.
And trading is the consequence of just being positive. I think that we're all positive
people inside our hearts. And from my heart to yours, I hope you guys have an amazing day,
because today has been truly the best day ever. I'll pray for our bags. And I reckon that I'll
be on even more of these spaces. I'm super grateful to be here in
general, but I'll be listening on. I just wanted to chime in with some great positive energy
because these types of painful moments, as I prefaced, these are the times that should bring
us more together because we're all in this together. And dude, we're all going to make it
at the end of the day. I'm 28 and I have a whole life out of me where I pray for all
of you. I pray for myself. I pray for the universe. I pray for all my partners. I have such a great
set of teachers. I have a great mom, great dad. Dude, we're so blessed that the sky's the limit
and the future's bright and not to stay bright, gang. And I hope you all have the best day ever.
I'm going to keep on trading while I'm trading spy calls and spy
and QQQ options. If anyone in the room understands why I'm doing this, it could be very painful, but
Hey, that's the, that's the deal, man. I'm super grateful. Thank you, David. Thank you so much.
I love you all. I love you. I appreciate it. I like to see that. Look, I get it. I'm not trying to have kumbaya, but I appreciate that type of vibe.
Because ultimately, after, you know, there's a short-term pain that we're going through with the markets.
You know, you guys, some of you guys think I'm coming off too harsh.
I'm only coming off this way because there are people here that really are looking for factual information. That's all. I'm not saying
we can't debate. All I'm saying is they're looking for factual information. They're not looking,
trust me, they're not looking for a laugh right now. They're looking for a way, okay,
that they can look at their portfolios and say like, they're okay. And like, that's not our job,
by the way, I get it it it's not our job to hold
anybody's hand but those are the spaces that people are looking for by the way you might not
make it during this cycle maybe you make it in the next cycle but i i'm just being that's the truth
there's a lot of people didn't make it last cycle, but they've made it this cycle.
There's nothing that I'm saying wrong.
Everything that I'm telling you here is factual.
But right now, right now, like I'm looking at the markets as we're talking, both traditional markets, our market.
I'm looking at this and i'm like okay i have money
i should be buying this up because what would warren buffett do and i know and we don't want
to use his name but what would warren buffett do he's not running and he ain't buying in the green. No, no, no. He's buying this.
This is exactly what he's buying because you know what?
We will rebound.
We will rebound.
Whether it's in a week,
two weeks,
a month,
two months.
As I said earlier,
slowly,
these tariffs will start.
You'll see,
you'll have announcements.
We've come to a deal with Canada. We've come to a deal with Canada.
We've come to a deal with India.
We've come to a deal with Brazil.
You will see slowly.
The onion will peel.
But the deals will work in our favor as well.
Raf, I didn't see you up here.
But now you're up here.
Go ahead.
Hope your ass is feeling
better and then noble yeah so um you know i've been trying i've been fighting inflation since
i became a uh a self-made um business person when i turned 16 years old right and it's just
the corporations have basically taken over everything around me, right? I used to be able to go because I'm in construction and go buy like a tool.
I just went and spent 20 bucks on a fucking caulking gun.
I used to be able to go to a place on the corner that I knew the guy's name and it'd
be $3, $2, $5 at the most, right?
But all those people are completely gone.
There's nobody left that can do anything besides Home Depot. Right.
And that's that's everybody's filled. It doesn't matter what this story could be applied to your life.
If you look, look around whatever you were doing 10, 15 years ago, none of those people are left.
have left none of those companies are gone they're all gone they're all gone even from three years
None of those companies are gone. They're all gone. They're all gone.
ago i just picked up a job last week and i i called some of the people that would supply me
with some supplies they're completely gone america's becoming one giant fucking corporation
that decides exactly what you what you need and the price you need to pay or if you even need to
do it whether we like it or not we can fight it or we can try to fight or whatever but there is no fighting either way
we're going to be living in a shoe box and everything is going to be fed to us and that's
it that's exactly what they want and they're doing it slowly but it's happening you know i mean i i
don't i don't even fucking grow around with a cart to buy food now.
I get a little basket.
And I don't even feel bad because everybody else around in the grocery store,
and I live in a pretty nice area, they have a little basket too.
The only people that have the cart are the moms that have the kids because they want to put their kids in it.
That's how bad it is.
And I'm just telling you from what I'm seeing every day and the way that I'm looking at it. That's how bad it is. And I'm just telling you from what I'm seeing every day and the way
that I'm looking at it. So I get my fucking $10 chicken and I make that the meal for the week.
And I do have a little bit more money than most people, but I'm scared of what's going to happen
to my kids that are young. Where are they going to work? What are they going to do? I better have
some fucking Bitcoin for those guys because who the
fuck knows what's gonna happen to them that's what i'm scared for i'm already 50 i'm on the way out
but they're just gonna be joining whatever it is here in the future and that's what freaks me out
is what are all these young kids or these young people coming up that are never gonna have a
chance to even maybe maybe not even own a car. Cause CES is going to be driving everybody around in their own,
their own Tesla cars that they're going to own.
And we're not going to get a chance to do anything.
And I mean, that's, that's just the way I'm looking at it,
but I'm still bullish.
I still put in $600 to buy some crypto today because I believe that that's
going to be the only way I can fucking get ahead. You know, they can keep putting tickets on my fucking truck for parking on the side of the
road and forgetting to get i'm too fucking tired to see what the site says move your car you're
gonna get a 200 ticket so i'm down 200 bucks today so i go and spend 600 on crypto fuck these
motherfuckers i'm out wow i just wanted to it's i love that and that's you know again i
man i said this earlier in the show when i began the show i said uh i was looking for something
bullish within you know besides me liking everything that's happening today, I do like the restructure.
I like the tariffs.
But I'm a fan of that.
I mean, you don't have to be a fan of that.
I'm not forcing you to be.
But I'm a fan of it because America first to me.
And crypto will rise.
The stocks will rise.
We'll be fine.
Especially if you're in a good position, you'll be fine.
But the one thing that I found, and I said it earlier this morning, if you replay it, you'll hear it.
I said, look at the 10-year treasury bond yield.
It's plummeting.
It's plummeting.
And that's, I'm sure, I'm sure that was accounted for, man.
I'm sure that was accounted for, man.
So like refinancing the debt just literally got a hell of a lot cheaper for the United States of America.
So there are positives in this.
You'll have the tax cuts or the extension.
Okay.
And then I'm telling you, we will have these negotiations. you'll have the tax cuts or the extension. Okay.
And then I'm telling you,
we will have these negotiations.
And within six months,
shit, I don't know.
Maybe crypto,
maybe the market's just blast off while all this is happening.
I don't know what the fuck's going to happen.
How about that?
Nobody knows when the market's are gonna go parabolic or
blast off or start heading in the right direction but i see opportunities here right in these streets
today and i'm going to take advantage i will take advantage of these opportunities and these low
fucking numbers that are out here on certain assets. After this show, 100% guaranteed.
That's what I'm doing.
Because I know that, you know what?
For as many times as I've been told
to sell off Litecoin and Dogecoin and Bitcoin
and Ethereum and Cardano and sell the memes,
you've been wrong.
Every single person who has ever told me,
you've been wrong. You haven't been right. You've been wrong. Every single person who has ever told me, you've been wrong.
You haven't been right. You've been wrong.
I'll trust my gut.
But I'm loving every second of this.
Nobu, what's going on, man?
What's up? How we doing?
Unfortunately, we're all not going to make it.
We're in this phase
in the cycle where
only the skillful, those who know how to look at charts, are making the most money, right?
Lucky side of the cycle is, I mean, it's gone.
That happened last year with Pumped Off Fund and a lot of the meme coins.
But I just want to say, for the last 16 years, there's been one particular party that's been in control.
want to say for the last 16 years, there's been one particular party that's been in control.
And Trump and his administration, they're solving a lot of those problems, right? And in the short
term, there's going to be a lot of pain. In the long term, I think we're going to start to see
all those gains from all the decisions that the Trump administration is making right now. But I just want to touch on briefly that Jamie Dimon and Warren Buffett,
this is to Raf's point that he just made,
I mean, they've been selling off for the last couple months,
if you've been paying attention, right?
A lot of these billionaires have been selling a lot of stock, right?
And they have liquidity sitting on the side.
And if you pay attention to what Warren Buffett has done throughout his career, that's been his playbook, right?
Sell before the crashes or before there's a lot of volatility in the market because obviously
people are going to be selling in fear because we're trained as humans to sell during the green
the red excuse me and buy during the green and you have to reverse that right you have to obviously
sell during the green buy during the red That's how you make generational wealth.
And so like Warren Buffett, he's been selling a lot of his stocks, stock options, positions.
And he has like a lot of money sitting on the side, liquidity sitting on the side.
And obviously that's how he's made the majority of his wealth.
Because he comes in, he buys things at high price, and he accumulates a
lot more for his buck. So we're seeing that. And also, the Russell 2000 index is currently,
we haven't seen, I mean, these levels since 2022. It's basically in bear market territory
for the first time since 2022. And small caps are getting absolute wrecked
right now. And so, I mean, obviously the 1%, the billionaires, that's super wealthy,
they're accumulating right now at a low price, right? They're coming in, they're buying what
everyone's selling, what obviously Main Street is panicking and selling.
So I wanted to touch on that. And also what we've seen so far from Liberation Day,
the weighted average U.S. tariff rate is currently 29%.
That's historical, right?
Not even during the Smoot-Howley Act during the Great Depression in the 1930s
have we seen tariff rates this high?
So how would that benefit America moving forward in the long term is kind of like what we need to
look at. Yeah, in the short term to the midterm, you know, it's going to be painful, right? Because
people are obviously trying to figure out how to respond. Obviously, a lot of other countries are coming out in response to what happened during Liberation Day yesterday.
So it's basically a tennis match, right?
Like Trump is making his moves and then these other foreign countries over 185 are responding to his serve.
responding to his serve. So I'm expecting more volatility, more, obviously, uncertainty
in the market, making people nervous. There's going to be massive sell-offs. And really,
I mean, to everyone's point, what we've been talking about for months is if you have liquidity
sitting on the side, accumulate what you can and what you believe in, right?
The blue chips and obviously stack sats add more Bitcoin to your portfolio.
But yeah, not loving the discussion.
This is definitely great to have on a day like this.
So appreciate this, Damian.
Appreciate it. Damn. appreciate it damn
I mean we're hitting
I'm looking at the
10 year yields and
this is what they want man
I'm looking at this
this is exactly what Trump wants
and it might go it might go lower i mean
they they probably want this in the threes but but david why do you think trump wants this
well i mean obviously we touched on this because to refine it oh it's a refines at a lower rate
that's the big piece of it but also is is to make America independent because what has been happening for decades under both parties, Republican and Democrat, and like I said, for the last 16 years, the Democrat has held power for 12 years out of the 16, is basically, I mean, we have become very dependent on foreign countries. When we have resources, I mean, we have agriculture, right? Like we got everything
in the United States that we don't need to go outside to import, right? At a higher rate,
making it for, you know, falling that back onto the consumers at a higher price, right? So it's
really, I think what Trump is doing is more of a strategic move to make every all these companies that have gone overseas,
especially during the Biden administration, because it was cheaper to do production manufacturing,
especially especially, you know, car manufacturing. A majority has gone to Canada and Mexico,
Mexico. So, I mean, all those companies are going to have to be forced to come back to the United
States, especially go back to Detroit. He touched on this during his call, like his conference call
yesterday, press call yesterday. And basically, I mean, there's just a lot of distribution centers.
I mean, all these manufacturing plants that are empty. Detroit was, it used to be booming back in, you know, back in the day because it was basically the hub for car manufacturing. Right. And so what's going to most likely happen is he's going to force Ford, you know, Nissan, all these other companies to come back to the United States to manufacture at a much lower price and to avoid the tariffs.
So, yeah, this is definitely, like I said, in the long term,
it's going to be beneficial for America.
This is what I've written down, and this is more compiled
throughout yesterday and this morning, and obviously as I'm writing,
as I'm listening to you guys.
So like Trump drops global tariffs,
markets shake,
investors run to safety plays like bonds,
dropping the 10-year yield.
That cools rates,
gives the feds room to slam the brakes on QT, right?
Suddenly, Main Street's back, and that's in focus.
People start buying homes and cars again.
Not all about Wall Street anymore.
It's about our economy, a real economy.
And then they'll target tax cuts.
I believe they'll target tax cuts to help with inflation.
That's everything I have.
When I tell you guys I write shit down,
like here's everything that I have written down, right?
This is what I have written down.
And that's how I see it playing out.
And that's why I think within,
like I'm giving like,
so I can't really like particularly say like,
okay,
I think the market's going to go boom,
like crypto and whatever.
I don't,
I don't know if it goes boom in a,
in a tomorrow,
in a week,
two months.
What I gave it two months, by the way.
Remember, we've always had these conversations. I said June.
I was really pinpointing June
because of
the feds
and all this shit.
Worst case scenario, June.
I see us slowly
start creeping up.
I see the cuts coming
even though some people are people saying you know there's
no such thing it won't happen i do see cuts coming because that's the stimulus in itself
the only thing i don't i took out of my whole thing here is stimulus checks because then we
go right back to like if you do all this right if we go ahead and do everything that i just named
if you do all this right if we go ahead and do everything that i just named and we print stimmy
checks then like there was no reason to do any of this at all like this right here was done for no
reason because it's it only is going to come back around like a boomerang in the next four to five
years so what was the fucking point of making people fucking suffer so i don't know i
this is this is great short term yeah painful but long term i think it's great i i'm just happy like
that we're having real discussions all right you want to pick on little things like well things
cost more and this that well. Well, you know what?
Yeah.
Unfortunately, and it's not to our doing.
Okay.
You didn't cause this.
I didn't cause this.
Okay.
It's not to our doing.
But we will have to sacrifice in the meantime, maybe a month or two, three, four, In order to get the shit right long term.
Raph came up here and said what needed to be said.
From the standpoint of, he gives a fuck about his kids.
Okay?
He can go ahead and pack his lunch up for the next five, six days.
He cares about his kids.
Okay?
No, for the rest of my life I get that
Okay I know you're cheap too bro
Okay
I want to make a joke
But I can't you see I'm holding back
From jokes today
I'm holding back
Why are you guys so like uptight
You guys didn't take profits
It has nothing to do with profit taking it has
Did you guys really expect this did you not price this in I
Mean we've been talking about this. I don't know. I don't know radio. So I mean, I don't I don't know how this is a shock
for for a lot of people
Well shock for for a lot of people well maybe a lot of people aren't tuning in because the dms that i got today were panicky and i said i will have a show today which will have i i'm not going to be
sarcastic i'm i won't goof around because people are looking, they're looking, they're in search
of an answer. They want to feel comfortable. They want somebody to tell them that everything's
going to be okay. I hate doing that too because I don't think anybody should be babied. But I
wanted to have a factual conversation about the markets because
the markets aren't really discussed i don't give a fuck who wants to fucking say that they
we don't really dig deep into the fucking markets there are spaces that dig dig and they do it and
it's boring okay 100 100 fucking boring but you need it and it's necessary because it will help you be a better trader in these markets.
Me, I have no problem.
I'm good.
I don't give a fuck.
I'm good.
I'm not even shook.
If it goes lower, great.
I don't care.
I know you do.
Not you, Nobu.
I'm just saying I know there are people that are over leveraged and they're watching.
And like I said, a lot of motherfuckers commit to this 100%.
They quit their jobs and they were seeking a million dollars in three days.
You are in the wrong rooms.
You are what you eat.
Go look in the mirror.
You are exactly what you eat go look in the mirror you are exactly what you eat
that's it so um it's time for america to go ahead and stand the fuck up this might not be
hey today's show is not humorous it's not funny it isn't and i'm doing this on purpose because
there are people that do follow me that
are looking for real answers.
And they're looking for people to come up here and talk realistically about
the market.
And that's what I'm trying to do here today.
So not,
it's not going to be to everybody's liking,
but I don't give a fuck.
I have,
I think I have a lot more people that are interested in learning about whether or not their positions are correct than them looking for a fucking good time.
Uh, I have to do this fucking, okay.
I'm only doing a half, a half an hour on my fucking live show today.
Thanks to you motherfuckers but uh let's go to let's leave
it off with rat let's go to radish and then sarah and then we'll go ahead and and say a prayer for
all those who never take profits who are too greedy to take profits, who walk into the wrong shows
and participate in the dumbest shit in the world,
we pray for you.
We hope that this teaches you a lesson
that maybe, just maybe,
you should be tuning into shows
that actually drop some sort of value to them.
It doesn't have to be my show.
Let me exclude myself
because I know motherfuckers are in the grease trap.
Like, what is he talking about value?
What is he talking about?
Okay, it doesn't have to be my show.
But there are a few shows out there that do provide value.
Okay?
It's not mine.
There are others that do.
Radish, what's up?
What's going on, David?
How's it going, man?
Sorry, I've been MIA.
I've just been really busy
and um been back and forth between here china indonesia um myanmar and stuff you know so
production david it's a fucking shit show brother i mean it is so damn bad uh forever 21
bankruptcy gone closing all their stores um the 99 cent stores, all fucking gone, dude.
The dollar stores are going to be next.
You know, women are the biggest consumers in the fashion industry.
And they, dude, do you know what $100 gets you like on Shein?
I was literally just going to say it's Shein and shit like that.
Shein is famous for sure.
Exactly. You know, so I mean, it is, it's insanein and shit like that. Shein is famous for sure. Exactly. It's insane.
It isn't crazy, man. This is a huge, huge, huge hit, man. As a wholesaler and a manufacturer,
so I design, manufacture, import, distribute men's kids apparel, footwear. Excuse me.
footwear, excuse me, dude, my margins, you know, you know, wholesale are about 30%, right? Anywhere
between 25, 30%. And a lot of times, like we got to close things out, you know, TJ Maxx, Ross,
get our money back, break even, lose some money, whatever. But now we have to increase our wholesale
prices, you know, for, you know, on top of like, like, it's insane. Like our consumers are not
going to get it, man. You know, the rents aren't getting any cheaper. These retailers that are out
there are just like, honestly, man, like it is, it is just bad. We're in a big blur right now.
We really don't know what we're going to do, how we're going to restructure our business.
Okay. There's a factory that's, that's, factory that's in Bangladesh that's called Bengal Denim.
They manufacture color number 0-1-1-5-5-0-1s, Levi's.
And that's like the regular pre-wash blue.
And their turnaround is almost about like 100,000 units of denim.
I mean, imagine you're going to go and pay for a pair
of Levi's like 80 bucks, 90 bucks, you know, where you've always bought them at JCPenney for like
29.99, 39.99. Right. Dude, it's, it's tough. You want to bring the car manufacturing back.
You want to bring certain jobs back here, man. It's, it's, it's a process, you know, but this is under this administration,
right? Like I know that Trump said that he wants to run for another term. Okay. But things can
change in the next three years, man. Like you can try to build all this infrastructure, but
how much of it is going to last right before the USA says, fuck, like we can't take it anymore.
I mean, like I was,
when was it last year? I think I watched the video and I was talking about, um, uh, I was
talking about the debt that, uh, that China owns, you know, us debt. I think it's like almost like
$800 billion and, uh, and how China makes money from that debt. Us as the taxpayer, our taxpayer money goes to funding the interest payments that are made to China, where China is taking those interest payments and building infrastructure within China.
And our hospitals are not being built. Our roads are not being built. None of that stuff is being built here, man, you know? So, I mean, call it what you want, but the way I look at it is probably the USA
is preparing itself to default, okay, on the debt that it has with other countries out there, such
as China. I mean, I could be mistaken, I could be not, you know, but it's a big mess and it's a big
fucking shit show.
I just saw a tweet a little while ago from the BRICS that pointed out that U.S. government employees are not allowed to sleep with Chinese women, bro.
Like, look at this shit, man.
You can't make this stuff up.
But yeah.
Yeah, man. We'll see what yeah, man.
We'll see what happens, man.
But it's not looking too good.
I just wanted to say, because Nobu had said, did none of you guys take profits?
I can't speak for anybody else, but I can tell you that I absolutely did not.
I round tripped the fuck out of more money than I'd ever seen in my life. But what's kind of what's what's crazy is that you're told, you know, take profit and
but you don't know.
I think that it's common for people in their first cycle to round trip. And correct me if I'm wrong, but it seems kind of
like cool about this cycle that we're going to get a second chance without having to wait three
years. Right. So it's like we did have this. I don't know what like is local top correct.
And then and that fucking hurts to have not taken profit. And so now you
learned your lesson and within a few months, you're going to get another opportunity and,
or most likely, right? And so that's kind of nice that we don't have to go through some
crazy bear market. Like I'm sure many of you have before we hit
Oh, there's a lot of profit taken right now.
A lot of profit taken.
Right now?
Yes.
I mean, look at that.
I mean, buy the rumor, sell the news.
I mean, the way that the market pumped
to $88,000 yesterday and just slipped all the way down to $82,500.
I mean, come on.
I think it's definitely – somebody had said it's a swing trader's market right now, and I could totally see that.
I just – I don't know how to do that.
I'm not – I don't really consider myself a trader.
Like, I definitely – I invest – like, I buy and hold stuff, and it's just different.
And then also, you know, trenching isn't exactly trading.
So, I mean, you're fucking, it's just different.
So, yeah, I can't swing trade myself.
Yeah, trenches are tough right now.
God help whoever's in the trenches.
Yeah, no, I think I'm going to go out of gonna go on vacation honestly just in general because fuck this shit i know you're you're probably hurting on that you know
when should i take profits that's you know i don't think you should ever listen to anybody
tell you when you should take you know profits out you should be able to have a game plan and a strategy on how to scale out you know you can't
just take profits out um i would tell you whatever you know again i i scale out profits i don't i
don't take full clip a chart out and you know there's a way to do it um you should always pay yourself especially if you're up you should always
pay yourself but i get it i know it's some people it's greed some people don't know when to take it
because like everybody's talking about the shit's about to go to certain points hey even me this
cycle you know i know a lot of people they lie their asses off out there and they're
like you know pretend to know everything uh but they don't and they won't admit when they're wrong
but like this this right here though i feel is a pause in the market it's just a pause
i don't think we're done but then again i also could be wrong in my gut i don't feel i don't feel that we're done in my gut
i don't feel that we're done way too much positive news bitcoin is the only thing that's run this
will this would if we were done this would be the first time that ethereum like i have never seen
the market perform the way it's performed like This would be the first, first time that I would witness Ethereum not cracking its all-time high, not running.
The old didn't budge.
For the most part, the old didn't do shit.
It would be something, man, to go ahead and look at.
But on that note, I do have to... Hey, look at but uh on that note i do have to
can i say can i say something real quick no can i say something real quick yes just say it man
and don't ask permission no sarah sarah sarah remember when i remember when i met you and
you guys your whole room was laughing at me because I had round-tripped two bull markets before.
No, we were laughing because Ross came up on stage and he was like,
you guys, we're going down.
This is like he kind of, right, Ross?
Yeah, yeah, yeah.
But do you understand now what, I would imagine if that was the top.
This was the top and you're one of those people how you're going to look in six months or a year when the bull market starts up again.
And you're like, I just round trip my whole bag, you know, and that's just part of the reality.
If you're going to be greedy like I am and want to make millions of dollars, you might have to round trip a couple of bull markets.
Yeah.
And here's a to end this.
Here's the biggest thing that works in everybody's favor for all those who round trip so far.
Trump's in office.
He is not leaving with an economy where it is in the shitter.
So you are, Trump's in crypto also.
So for anybody in crypto and all in crypto trump and the entire family and that entire
organization is in crypto they are not leaving by the way i don't really give a at the end of the
day okay yeah i'll be selfish there okay and then the day he ain't leaving would have up economy
ain't leaving with a fucked up economy so when this shit starts running up
and you right now you do not take this time to go ahead and write out anything to help you scale out
to get those unrealized gains out that will solely fall on you this this is a this has been a lesson learned for everybody it's not yo
anybody pretending any veterans pretending because i'm in conversations with real veterans and they
even admit that they didn't see some of this coming okay if everybody everybody kind of got caught a little bit off guard and that's fine that's fine we'll rebound
like with him in office i'm a little bit more confident that crypto rebounds and we still gotta
we still got those months to go but if it was biden i'd be like yo guys get yo yo
so yeah meet me under the bridge man we're gonna be under the bridge
let's have a party tonight somebody get those two dollar dollar store fucking dj candles all right
i'm gonna bring i'm gonna bring the uh the beats and the jbl we're gonna have a party tonight
all right under the bridge let's get a used mattress out
there with a used uh blankie you know we all fucked but no no no i i feel you know this is a
time for us to reset as well and and get it right because there's one more leg i i think everybody
probably would agree there's one more leg you better be you better fucking be ready for the next leg that is the time not to like these motherfuckers i see dumping as soon as they
see a green candle they dump no no i'm talking about that that candle that's going to go
parabolic you better scale out correctly you can leave your moon bags but at least
at least pay yourselves and let it last for the next few years, man.
I want to thank everybody who joined in today.
I know it was a serious conversation.
I was keeping it there.
Obviously, you know how I like.
I like to have fun also.
also i like to you know i like to be sarcastic and all that stuff but today just like sarah
I like to be sarcastic and all that stuff.
mentioned her shit i had a ton of those things in my fucking dms and i just felt like yeah like
i'm gonna tell you guys i am a bull tart and i do believe we are going to we are going to be fine
but there is pain there is pain right now it It needs to be addressed. We needed to have, you know, hopefully as many people who wanted to come into this room,
why would arms wide open, we welcome and like have that discussion.
Understand like it's not over for crypto.
We're fucking going to make it.
Not everybody, but for the most part, those who are focused are going to make it.
Let's not worry.
Let's not panic.
Let's just sit back and observe and make the right decisions.
That's it.
That's what I'm doing.
I already basically essentially read you out what I think is going to happen.
If you didn't take note, that's on you.
This shit's on replay.
You can replay it.
You can tune into a lot of rooms today uh
there's rooms uh 2 p.m on both sides money maxi you also have the griff report hotep on kick
tune into that he'll probably be he's already commented on this and uh i actually laughed let's see hold on what did he write he wrote um y'all on here crying like some
basically meant about trump's tariffs and all i see are cheap prices on securities and crypto
so i mean i'm i should kind of like the same mindset uh but there's plenty of shows night show tune into nobu show great show 9 9 p.m eastern
standard time uh nightly recap i'll be recapping the news of the day g media writes the writes up
the news i don't know what to expect i go in blind with that that's just crazy um
4 p.m eastern standard time you got julie kenneth she's doing crypto news
on youtube by the way man by the way i said this in the beginning find real rooms to participate
in that's all i can tell you here's my here's the best advice i can give you today search out rooms that are actually giving out
information about the markets 10-year treasury yield all that stuff go into the most boring
financial rooms today because you need to understand how the economy works that's it
that would be my advice to you listen to some smart motherfuckers lay it
down for you you'll have a better understanding of where the market especially crypto is heading
god bless america god bless tariffs fuck anybody who's been stealing from us for a very long time. It's time for America to rise up. You'll be okay.
You'll survive, okay?
Whether you'll kill
it in crypto or you'll be killing it
at IHOP, either way
you'll still be alive.
God bless America.
Thank you God for extension
on life.
And on that note, Bobo Billions,
Bobo Billions, motherfucking Bobo Billions, Bobo Billions, motherfucking
Bobo Billions, I'm out
