Constitutional Crisis?; Zelinski; Tariffs; AntiTrust; Harvard; CBS; Big Law | Yaron Brook Show

more tariffs, more news on tariffs. We'll talk about anti trust, Harvard, CBS, Big Law. No good news today, sorry none, No, anyway, probably a short show. I'm going to go over these stories quickly. You have an opportunity to ask me questions in the super chat. We'll see how many I get to. But because there is a second show tonight, I'm gonna have Christina Laporte, the author of two novels, two medical thrillers, Dissection, and you'll find out tonight the second novel and so

it's going to be fascinating. She's a cardiologist, doctor internals to and cardiologists, turned author of thrillers, found a publisher, got them published, so I will talk to her fascinating. She's an immigrant for Italy all of that. So it should be a lot of fun. Christina's a lot of fun. So we'll talk to Christina tonight. Next week, next Monday, we've got Uncle Gate on Monday. A few notes about this week. Not many shows this week. Tomorrow show, Wednesday,

probably no show, maybe late, I'm hoping. I'm hoping Thursday show, no show Friday. Then we'll do Saturday, Sunday, Monday, Tuesday, Wednesday, Thursday, Friday, Saturday, Sunday, no show, Monday Tuesday. Okay, anyway, we'll see, right, So we'll try to get as many shows in and the rest of April. In the meantime, you can support the show. You can ask questions, you can do super chats. All available right here, right now, so go for it. So this week I'm in Atlanta to do some stuff and

tape capitalism course for the institute. Yeah, that's it, all right, let's jump in. All right. So here's a setup, right. Ice rounds up a bunch of gang members. It doesn't pay too much attention to who it's running up their tattoos. If they're suspicious of someone, they follow us as a gang member. They put them in a plane ship them to Salvado. Before the plane reaches Al Salvado to a high security jail, one of the nastiest, maybe in the world,

nastiest maybe in the world. A judge says, wait a minute, none of these people are due process. You didn't document any of this. None of this was processed. You can't ship people out of here to an Al salvadori in jail without due process. Bring the planes back, I ignores them, lends the planes in El Salvado. They're unloaded in El Salvado and put in the high security jail. In the meantime, it turns out that several of the people, maybe up to ten percent of the people on the planes in

the Salvadorian jail right now are not gang members. Maybe it's more than ten percent. Episode is probably what we know. They're although illegal limics, with exception of one person, Abrigo Garcia, who literally has an order from a judge saying he cannot be deported. He went through immigration court, he went through an asylum hearing, and at the end of the hearing it says he cannot be deported. So he's got a document saying Abigo Garcia is married, he has three

young kids, and he lives. I think it's in Boston. If I'm not correct, I think it's in Boston. At some point during his immigration hearing way back, he was accused of belonging to MS thirteen. That was never proven, that was never the basis for the accusation, and indeed he was the Ice was barred from deporting him because the judge viewed it as a risk to his life if he was deported to El Salvado, because because the

gangs were after him, not because he was there Miss thirteen. Anyway, he was rounded up and he is now in an Ol SALVADORI in jail. Now, all this evidence was brought in front of a judge, and a judge basically said, you got to bring you back. He is not you know you He had a clear there's a clear legal standing that prohibited you from deporting him. If we'd gone through due process, we would have discovered that and you wouldn't have deported him. And the government is saying no, Yes,

the government's saying basically, yes, we made a mistake. Yes he was deported illegitimately. We shouldn't have deported him, but we can't do anything about it. Can't do anything about it. He's in Ol Salva now can't do a thing about it. We're now going to do a thing about it. So, uh, this issue was appealed to the Supreme courte and the Supreme Quote came down with the ruling I think it was on Friday, well, Thursday, nine to zero. How often do you see that nine to zero basically telling the

government you got to bring this guy back. You got to bring this guy back. You got to facilitate his return to the United States. That's what the Supreme Quote ruled. And so they and and they they told the judge in the Low Court, you have to, you know, hold the government accountable and monitor that they bring this guy back, facilitate his return. Yeah, Edward, Edward, the Trump zombie is going to tell us that there's a big difference between

facilitate and effectuate. That's right, and and and that's the source of it. Anyway, they have to facilitate the return. Now, all facilitating a return would require is Trump telling the or the Trumpet dover station telling the El Salvadorians, we want this guy back, and they would put him on a plane and to come back. So today, Bukeley, the presidente of Lsalvado, the guy who built these horrific jails,

was in the White House scheduled meeting. He is a fan of Donald Trump, or maybe it's the other way round. Donald Trump is a fan of Bucellas. But at the end of the day, Boukelly is a tin pot dictator of a tiny little country. Trump is the president of the United States of America. And uh, Trump could have asked Boukeley to ship a Brigo back to the United States very and let me tell you, Bukeli would have

done it. Or he could have told him, now, let's delay, and Bikela would have said, I mean, I need to think about it. I mean, in other words, Bookela would have done whatever Trump said. Well, whatever happened in their private meeting, it was clear that something else was decided. That is when they came out in front of reporters and Brikela was asked if he would facilitate the return

of Abrigo Garcia. He said no, I will not. And Trump was sitting there with a huge grin on his face, just smirking like, Yeah, the guy's doing what I told him to do. This is so cool. What does Supreme Court gonna do? Now they can't force a foreign leader. Yeah, s Vincourt has no jurisdiction in Elsavado. But the US government is basically saying we will now do anything anything to bring Abrigo Guscia home. And the President of the

United States is saying, I'm not going to do anything. Basically, the administration is saying, the Supreme Court has no authority of a farm policy, and therefore we are going to ignore the Supreme Court. Now here's what here's the night misscenario. I'm not saying this will happen, but it could happen. As the walking out. This is not the night true seremony. This is reality. Is actually what happened as the walking out. And he's saying goodbye to b Kelly. This is the transaction.

Was there the there the conversation was actually recorded, and Trump says to Bukeley, I want to I want to put you know, Americans in your jails. You know, real criminals in your jails. So build more, build You got to build at least five more huge jails. These are massive jails, hold tens of thousands. You got to bring five more because I want to. I want to put Americans in your jails. Now he has a scenario. Let's say Trump is serious only hardened criminals. But let's say

a hardened criminal. If somebody goes to the trial and is found guilty of murder and is shipped off to a Salvadorian jail, which seems unconstitutional to me, but I don't think anybody cares anymore about the constitution. Imagine that, and imagine a year later, DNA evidence is found that shows that this guy didn't commit the murder, and now you you should, you think bring him back from Osalvado and the President goes, na, I don't think so, I'm

not gonna ask Bokela for that favor. Why would ask Bukella. Let him stay there, and that's it, and there's no recourse and nobody cares. An America just goes, yeah, I know he's innocent. Yeah, we shouldn't have sent him to the Alisilvadurian jail. But let him rot. We don't care. Particularly, I don't know if he's an immigrant, maybe has dark skin or something that makes him unappealing to the powers

to be. Oh. Even worse, imagine that they just start arresting people and sending them to you know, l Salvado. And you know, once in a while they rope into the rounding up some critic of Trump and he started gang man. But he did nothing, and he goes, oh, yeah, sorry, that was a mistake. We didn't mean to send that guy to El Salvado. But he's there now. There's nothing we can do about it, so be it. I mean, this is sci fi level American dictatorship is coming stuff.

This is how bad it is. It's crazy, and what's going to happen? Right? So the Supreme Court could now say, you know you are you are not fulfilling. Right, we ruled nine to zero. The Supreme Court could escalate, so abgo Gussia's lawyers could go back to the Supreme Court alleged administration has refused to comply with the court's order. And then the court finds that the administration did not comply. It was again it demands action. And then what would

Congress then take it up and impeach the president? No, we know that wouldn't happen. Would the military now led by Trump accolades, who he fired the military leadership and put his own people in there, would they back the Supreme Court? And I don't know depose the president and it never happened in American history? Would it happen? In no way, It wouldn't happen. If the court found the administration in contempt, Would President Trump be arrested and put

in jail for contempt of court? Would Secretary ubioh with you know who? I don't know who is responsible the head of Ice? Would any of them be arrested? No, not given who runs the Justice Department, not given who runs the FBI. I mean, the reality is the scary part of this. I mean, I feel sorry for a Bert goo Garcia and his family. I mean, this is tragic and horrific. But think of the wider implications here

of the rule of law. Think of the wider implications of an administration completely out of control with no respect for the courts, no respect for the rule of law? Is there? I mean, where does it go from here? And it very could well could be that the court decides not to hear the case, because it could very well be that the court decides, you know what, you know? Is this the hell we want to die on? Is

this the constitutional crisis we want to have? I mean, shouldn't if we're going to have a constitution crisis would be over a bigger issue. Trump's canna ignore me anyway. I mean, Roberts might think that he got the unanimous decision. He now you know, ignores the non compliance and and lives to fight another day. There's nothing, there's nothing in American constitutional system that can compel Trump and oh can compel to dictator in Olsalvado to do something that he

understands the President does not want him to do. So Trump doesn't have to say don't do it. He just has an understanding with Bukela. That smile clearly articulate that that. And Roberts can say, I can't compel Boukele to hand over this guy, and I can't, so what. There's nothing I can do, nothing you can do. Just think of that as you defend this president. Just think of that. I mean, God, I'm looking at a video of Bukele saying, how can I smuggle a terrorist in the United States?

Of course I'm not going to do it. The question is preposterous. And Trumps sitting there with this smug smile, nodding. This is sick. This is behavior of a unhinged man, an authoritarian, an authoritarian and as we'll see. I think there's a pattern. The pattern is these guys are setting us up for a Urbann ultimately putin like we have elections, but they don't matter type authoritarianism. That's certainly what it looks like. I hope I'm wrong. I hope I'm wrong.

But last time, four years ago, we had January sixth. Next time, they're not going to be that polite. They're not going to be They're going to have the support of everybody within the administration, including potentially the military. Why would they hand it over to a you know, a mob of crazy, mega incompetence. Why not do the job right? Anyway? It's scary stuff, legit scary stuff. Yeah, I know, you just can't buy into it. It's just hard to believe

that that would happen. Did you believe in twenty twenty that January sixth, twenty twenty one would happen. Did we believe that Trump could just say, to hell with him, let him rot in, let him rot in prison, he's sick and you know the Supreme Court? Or did you believe that Donald Trump would write the following after Zelensky was sixty minutes over the weekend, Donald Trump was not happy, not happy. Donald Trump wrote, the war between Russia and

Ukraine is Biden's war, not mine. He is such a child, a child. You guys voted for a five year old to run this country. I just got here, and for four years during my term, he had no problem preventing it from happening. There were stillities between Ukraine and Russia during that period of time. During the first Trump presidency, Trump Putinded already invaded Crimea and Eastern Ukraine. It just was in as heart as a war, and Trump did

nothing about it. Tes he Appeace Putin even back then President Putin and everyone else respected your president might yeah, anyway, I had nothing to do with this war all caps, but in working diligently to get the death and destruction to stop. If the twenty twenty presidential elections were not rigged and it was talk about a five year old, he cannot let it go. He cannot let it go.

It's a lie. He knows it's a lie. And every single you know, every every day almost it comes up in one of his statements, one of his tweets, one of his press conferences, if the twenty twenty presidential electors was election was not rigged, and it was in so many ways that horrible war would have never happened. President Zelensky and cooked Joe Biden did an absolutely horrible job in allowing this travesty to begin. There were so many ways to prevent it from even ever starting. But that

is the past. Now we have to get it to stop and fast. So said, So. Putin didn't start this war. Putin didn't invade Ukraine. Putin had no responsibility for the actions of his military. Putin has no responsibility for this war, no culpability, nothing, zero. Not that this is on Zelensky and Biden. This is their war. It's their fault. Yeah. He later goes on and says, you know, so Zelensky during his sixteen minutes interview, said he wants to purchase

Patriot missiles. He wants to watch fifteen billion dollars of American Patriot missiles. I think ten batteries. These are essential for the protection of Ukrainian skies from a constant bombama by the Russians. And he said he wants to buy them, didn't ask anybody to give it to him. This is what Trump says. Zelensky is always looking to purchase missiles. You don't start a war against somebody that's twenty times your size and then hope that people give you some missiles.

You don't start a war against somebody that's twenty times your size and then hope that people give you some missiles. So you might have thought, you know, a couple of months ago, when Trump accused of Zelenski starting the war, that you know, maybe mispokey, it was an accident, or he's just trying to put pressure on him that moment. No, this is a strategy, or this is Trump, this is his agenda. Zelensky started the war, not putin Zelensky Ukraine.

This time he doesn't mention Biden. And of course he says, and then hope that people give you some missaules looking to purchase missiles. He wants to buy them, buy them now. Note the patriots are not missiles, the defense systems. Why do they want defense systems because Russia is pounding their civilian population with missiles. Just had one hit the city of Sumi and killed thirty four people injuring one hundred on their way to church. Civilians. Note that Zelenski didn't

start the war. Trump's best buddy Putin did could a baba. It's not that he's a dufist. I don't get I don't get you calling Trump dufers like duffis is like an innocent god. He's so spaced out, he's so This guy is evil through and through. President Trump is evil through and through. This is immoral, moronic, detached from reality,

and downright evil. It's evil to let the person initiating the force, to let a brutal dictator like Putin with no nothing, and then to blame the innocent who's defending himself with everything that's not being a doufist, that is being through and through corrupt in his soul, in every fiber of everything that he is. This is a bad, bad human being. Now, of course we're gonna be told that this is just his stance to try to get ze Lynsky to sign a piece deal. It's out of

the deal. It's three D chess, it doesn't matter. This is disgusting. And the fact that no pressure is being put in Russia, not a none, none, is truly despicable. Note that Russia was the one country that avoided tariffs on Liberation Day. Pretty interesting, huh. And then when he was told asked about the missile attack by the Russians on Sumi, where As I said, all those people were killed and injured and everything. He said, Look, I was

told this is Trump again. I was told they made a mistake, this is Biden's war, this is not my war. Made a mistake. Putin makes mistakes. Zelensky starts wars. I mean, watch the sixty minute interview. Selinsky comes across as this honest, even courageous, thoughtful, try not to fend, trying to use the right words, but doesn't want to lie kind of person. I mean, Zonisky is a good guy. He really is. Trump is just thoroughly corrupt, thoroughly imo and president of

the United States. I laugh because it's so absurd that he is. All right, guys, don't forget support the show. Support the show through stickers, super chats, value for value. I do these shows. You listen the value I provide, you should reciprocate. All right, that was Zelensky. All right, Constant news about tariffs, It doesn't stop, right. Every day, every hour there's something new, some new angle, some new thing.

So you know, we had this exemption from electronics on Friday evening, the Trump put in primarily from China, because China has one hundred and twenty We have one hundred and forty five percent tariffs on Chinese goods and Apple and Nvidia, and all these were panicky, and somebody made a phone call and Trump excluded electronics from the tariffs. Well in the meantime, in the meantime, during the weekend, Lutnik Lutnik, this guy should be taught and feathered, right,

taught and feathered. This guy should be out this this is god. He's the worst of all the Trumpet point he so far. Anyway, Lutnick goes on TV and says, oh, no, know, these exemptions are just temporary, just temporary, they won't last reversed them. Talk about creating uncertainty, ongoing, constant, no stop on certainty. Then Trump comes out and says, look, uh, the new tariffs coming. We're gonna have tariffs on on computer chips, We're gonna have tariffs on drugs and all

of that on national security grounds. But I might I might spare the auto industry, constant shifting, moving around, nothing stays still, constant, changing the rules, and suddenly through the roof, I'll give you a favor take it away later. Maybe I'll give them a favor. Maybe I won't. Maybe I'll do that, maybe hear me. Yeah, So we're gonna have soon, we're gonna have tariffs on computer chips, farmceuticals, and we'll probably have some relaxation of levies of tariffs on cause

and autoparts. So why do we do it to begin with? If now we're going to relax them? All right, So beyond just being a was it emol dufus, corrupt to the bone, the guy's incompetent, can't make up his mind, is creating massive uncertainty in the US economy. So this morning, the expectation was that stocks would be way up, and indeed, at some point early in the morning, I guess the NASAQ was up something like two percent. But as it kind of sunk in that, no, these new taffs are coming.

It's not a done deal. It's temper stocks decline, they landed up up, still up, and indeed everything kind of moderated. The dollar kind of basically was flat today. Uh, but interstate and interstrates were down. So after the trend of interstates going up, interstates were down. And I think that's that's a big calming effect. But this is not ending anytime soon. The circus around trade is not ending about soon.

And you're probably hearing. If not, you're not following what's going on, which is fine because you said you should only listen to the run book show for news. A lot of small businesses are going to really really be struggling and maybe go out of business here because they depend on inputs from China. A lot of businesses just don't know what to do because they don't know what's next. They don't know how long they can plan. They can't.

I talked about this the pain felt I'd say primarily by small to medium sized businesses who can't lobby, They can't call up the White House, and they can't hedge their bats. They can't revamp their supply chain, revamp their supply chains on a dime. They're gonna struggle. They're gonna be real challenges here for a lot of companies, a lot of companies. And remember a lot of manufacturing that's done in the United States uses components or raw materials

that are imported. So even manufacturing which is supposed to be grow because of this house, potentially in the short run will shrink because they can't bring stuff in, So it's a complete destruction. I mean, think about the fact that, you know the tariffs that were excluded electronics, Apple and Nvidia and Microsoft. They're in better shape because the exclusion

temporary as it may be. But if your mom and pop shop selling toys, if your mom pop shops or not a mom or mid sized business selling furniture, a lot of the furniture in the United States is made in China, how are you going to survive this? Even if it's only temporary, even if Trump folds, what about the damage? The massive damage. I mean a lot of these companies, their margins are very small. How do they survive the next few days, in the next few weeks,

in the next few months. And while he might fold on a lot of things, it's not obvious he will. It's not obvious he will. I really think he hates trade, he hates trade deficits, and he is willing to inflict a lot of pain in order to try at least to fix it. I don't know that any deals are going to be cut because the deals will not cut the trade deficit. That maybe he'll fold because there's a

lot of pressure, but I'm not convinced. Again today he was talking about more tariffs on pharmaceuticals and computer chips, and then for some reason reducing them on autoparts and automobiles. He hates trade. He believes trade is zero sum. That is hating trade. He hates trade. He doesn't believe trade is win win. And then so he is destructive, destructive, and he's destroying people's lives now again, small businesses, media sized businesses, so be it. You might say, the big

guys will survive. The big guys will survive. Let's see. Yeah, that's clear. Now on top of all this, in the meantime, he is handing China a massive strategic victory. I mean, you couldn't have scripted this if you are pro China any better than it is. You know, Trump is a huge fan of Putin's and you couldn't script his his behavior towards the Lenski anymore pro Putin. It's completely motivated

by his pro Putin stance. Now, what you get is you could have scripted this maybe towards China as more an end, strategically more pro China, because what is China doing right now? China now is basically going around Asia and saying, see, you can't trust the Americans, you can't trust Trump, and who the hell wants to pay even ten percent tariff. We'll offer you a deal. We'll sign

a free trade deal with you. You will see that China will be signing a whole bunch of deals on trade with other Asian countries, potentially other countries around the world, even maybe the EU. Trade the lowest barriers in both directions. China has a lot of bad economic policies. China's ignorant of a lot of things when it comes to economics. But they understand, they understand that, they understand that they

benefit from trade, and so does everybody else. There's very few people out there in the world who have the kind of infantile, perceptual level view of trade that Trump has. I can't resist. You know, every day the Trump's zombie core out there, the drums zombie pr machine, produces new excuses why tariffs are good. Every day. You see it on X you see it, and then you see all the Trump zombies saying the same thing. You know, to

a placed income tax, it'll bring manufacturing back. And then Edward, Now trade defers a decrease the value of the US dollar. We want a strong dollar, but Trump points a week dollar because a week dollar makes it possible to export moret So they come up with stuff they don't even understand what they're talking about. They don't understand the concepts they're relating to. But that's what the pr machine of the tribe has dictated. Is today's excuse for why tariffs

are good. Anyway, So we have a we have a trade, we have continuing uncertainty. We have she going around Asia now strengthening ties, trying to cut deals. I think he's in Vietnam today trying to cut deals Vietnam, which is a should be a strategic gally of the United States, and trying to trying to control China. Vietnam, who is afraid of China, who has a border with China, has

fought wars with China. Vietnam is going to move more in the direction of China because they're being tariffed by the US, so they better establish relations with the other big player in the world, which is the Chinese. He is in Vietnam today, he will be in mal Asia tomorrow and in Cambodia, so he is doing a little trip out. There also relations between China, Japan, and South Korea.

Japan and South Korea, two have America's strongest allies in Asia, have warmed recently when they were very cold up until now. Trump has managed to get the Chinese, the South Koreans, and the Japanese talking to each other in a kind of warm kind of way. So Trump is providing everybody within incentive to shift to China because he is acting like a schoolhouse bully. Now in the meantime, China's trying

to hurt America where it counts. So for example, there was a story and it's how to verify if this is actually the case. But it looks like this is the case that China is halting all rare earth mineral exports. Right, so China is not providing rare earth minerals, at least not to the United States. Now, remember you need rare earth minerals or everything defense, medical equipment, caused, phones, industrial tools, everything.

And while China only minds about sixty percent of the rare earth metals in the world, it refines refines ninety five percent of them. It would take the United States five to ten years if environmental regulations were reduced to be able to open up a refinery that refines rare earth metals. Now, as of now, American companies have an inventory. They've stockpiled the minerals that they need for a quarter

or two. But if this continues, this could be more pressure on financial markets to do their thing to penalize us. All By Greenland, you get zero zero rare earth capacity refining capacity. There's plenty of earth materials in Montana and Wyoming, but we don't have the refining capacity to do anything with them, and the environmentalists won't let them. Just mind them in Greenland is going to have the same environmental concerns. But even if you could mind them where you're can

never find them. You have to send them to China to refine them. We could get more real earth materials from Ukraine, but there's very little refining capacity anyway in the world. Again, let me just repeat it, since it seems ninety five percent of all the refining capability is in China. Now, you could probably increase a little bit to keep abilities existing, but it takes a long time,

huge capital investments and a long time. In the meantime, I'm making firms and I'm making defense firms run out of it within three to six to nine months. So it doesn't help you to get the earth materials if you can't refine them anyway. Just and that's just one other aspect to the whole trade fiasco that those responsible for trade in the United States are not thinking through.

All right, let's see more bad news. All right. So during the first Trump administration, towards the end of the first Trump administration six years ago, the Trump Federal Trade Commission there was Trumps from the first round, started an investigation for anti trust violations are Meta Facebook. That investigation, of course, was continued with even more vigor by the Biden administration. Well after six year investigation and legal battles.

Today the Federal Tade Commission will face off against Meta in court, suing Meta for anti trust violations. They're going to demand a breakup of Mata at the very least spin off of Instagram and WhatsApp. You know, it is interesting, right, this is Trump's FTC. But Andrew Ferguson, who's Trump's newly installed pick to lead the FDC, has said that they're willing to go against Meta. So Trump is not pro business. He's not pro big tech. He wants to break them up. Now,

so this is going to go to trial again. The case is bipartisan. Democrats wanted it, Republicans wanted it. Anti trust, as you know, I think is an evil law, a bad law. There should be no anti trust laws. The government should not be in a position to decide what is too big or not, what is so called anti trust or not. And so this is going to go forward. Now there is a chance, notice how this works, there is a chance the President Trump will weigh in and argue and try to not try get the FTC to

drop the case. Now why would he do that, Well, because Marcus Zuckerberg has become chummy with the president. Zuckerberg met with Trump in the Oval office earlier this month. Facebook gave money for the Inauguration Corruption Fund, and uh, you know, as Zuckerberg has tried to convince Trump to do to ask to range for settlement so that it doesn't go for trial. So the one chance that we won't get a Trump being as bad as a Biden

when it comes anti trust is cronyism. Is if Trump is in a sense bribed in one way or another to let Facebook not be broken. Up and just pay a fee or something like that. Right, So settle with a Facebook. So if that happens, you'll know why it happened. It happened because Zuckerberg kissed the ring. Remember when Trump a long time ago talked about draining the swamp. He's making the swamp bigger. The swamp animals now are maybe different, but there are plenty of them. There are lots and

lots and lots of them, lots of them. Okay, By the way, what Edward is saying about dollars and trade is just wrong. He's just getting the economics of it wrong. So trade trade deficits the dinosipist the dollar. The dollar up until Trump was, up until a month ago, the dollar was at record levels. The dollar versus yen was trading at one hundred and sixty yen to the dollar, which was a record, well not a record of all time, but it was very very high. The dollar was very

very strong visa VI the EU Europe. Even though we want to a trade deficit with Europe. The dollar is very strong. Was very strong related to the Canadian dollar, in spite of the fact that the Canadian that we want a trade deficit with Canada, the dollar is very strong, yeah, very strong with regard to the UK, in spite of the fact do we want a trade deficit. Maybe we

don't want a trade deficit with the UK. We certainly do with and even so certainly with Canada, with EU, with these others, the dollar is very strong versus these really checked, you know, and so we run a trade depiside with Israel. That's changed because as the taps have come in, the dollar value has actually gone down significantly. Even though theoretically should have gone up, it's gone down because nobody wants the old dollars anymore. So the dollar

is it's Edward. You don't know economics, You just should shut up. I mean, it's fascinating to me how everybody has an opinion about fairly complex economic issues, right, I mean the value of the dollar, how it works as a reserve currency. You know what that actually means to its value. The dollar has been a reserve currency since

nineteen seven, since World War Two. It was detached from gold in seventy one, right, so it's been a fiat currency, complete fiat currency, and a reserve currency since nineteen seventy one. And yet the value of the dollar has flunctuated dramatically during Neput. It's been very high, has been very low, but it's still a reserve currency. It never changed the fact that it was a reserve currency. The very fact that I'm saying the dollar. The dollar was high, you know,

when Trump came into office, was very highly valued. Suggested before it wasn't. So it functuates over time for all kinds of reasons, geo political reasons, economic reasons. Relationship between interest rates of bonds in different countries will determine the value of the currency. Trade being one of the elements within this soup of elements to determine the value of accurrency. But this is the thing that happens in the world

in which we live today. You go to Twitter and you eat a few tweets about the dollar, and you think, WHOA, I am now an expert on economics, and I'm an expert on trade, and I'm an expert on fear currencies, and I'm going to go to somebody's stream or do it on Twitter and explain to people, teach people how the dollar value of the dollar gets determined global markets. I mean the audacity of people to do that, and I see thousands, tens of hundreds of thousands of people

doing it every day. Right, you actually have to know something, You have to actually understand and know the different elements that go into determining the value of a couvency. And then, as Edward does, then you predict the economy in the future. Oh, the value of the dollars going up? How do you know that? By what standard? Do you understand the soup that goes into determining dollar and you know with certainty that it's going up? I mean, how much money have

you made in courncy trading? That would be the question, right, if you know the dollars going up, why don't you going onto the courvency exchange? Isn't buying dollars or shorting other currencies. It's just mind boggling. The stupidity of the culture we live in like this is the consequence of we don't need experts. Experts overrated. The experts got it wrong in COVID, so we don't need experts. Burn them all,

throw them into the sea. I mean, if you knew even a fraction a fraction of what you claim to know about economics and currencies and so on, how much money have you made in the markets based on this amazing knowledge that you have that nobody else has anyway? I mean, that's a holy you about experts, which was part of that debate between Dave Smith and Douglas Moray on Joe Rogan and Douglas Muy's absolutely right, expertise does matter. It doesn't mean you don't question the experts. It doesn't

mean you don't challenge them. But being an expert means something, and the fact that you have an opinion that's counted to the expert, you should most of the time keep your mouth shut until you know more. The first thing you should happen to you, and that happens to me all the time when I having an opinion. It's different than a lot of people who actually know something about a particular field. Is I question myself first, and only then after I prove it to myself do I question

the experts? Really, Mike says, audio is fine, but this show crashes every forty five minutes and has to be refreshed before I can watch further. Does that happen to you in the past as well? Just this show today, this actual show. Does anybody else getting that phenomena? Which is weird. I hope it's not happening to all of you.

All right, So antitrust is moving, chugging ahead as if we were still had Biden, no difference, no change, Biden Trump when it comes to attacking American business, no difference. I have no idea why it happens to you always, Mike, that is where Mary Mary says yes, Neil kun Gaming says no, Rand says no, Chaos says yes when he streams, Hondo says yes, huh interesting, but Jennifer says fine. Mike says every single show, but no other shows just me.

That's bizarre. I have no idea. I'll try to look into it, but it's very hard to address a problem that not everybody has, that only some people have. All right, let's keep going. As you know, the Trumpet degistration is going after universities. It is withholding funds from universities. We're talking about primarily the Ivy League schools. We know about Columbia, Harvard. Now nine billion dollars are being withheld. I think Cornell

and Northwestern. I think Cornell is about seven hundred and no. Conal's about a billion in federal funding, and Northwestern is seven hundred and ninety eight thout a million dollars being withheld. Columbia basically a compromise with the government, no offer to compromise, basically capitulated to most of the Gun demands, including placing two departments on kind of academic supervision. The government, I

don't think is happy with that. And Trump administration actually wants Columbia, the whole of Columbia to basically come under federal oversight in terms of the content of what they teach, which is super scary, super scary. But so that is so that is happening with Columbia anyway, the same was happening with Harvard. Harvard acquired that they eliminate all DEI, did they screen international students supportive of terrorism and anti semitism,

And they also wanted Harvard. They wanted some oversight over some of the courses at Harvard. Harvard basically has said no. Harvard has said no. As they wrote, Although some of the demands outlined by the government aimed at committing anti semitism, the majority represent direct governmental regulation of the intellectual conditions at Harvard. So there's going to be a confrontation now Harvard is the richest university in the United States, and it is going to be really interesting to see how

this plays out. Basically, Harvard is saying, well, private institution. Again to quote Harvard, no government, regardless of which party is in power, should dictate what private universities can teach, whom they can admit and hire, and which areas of study an inquiry they can pursue. That is a great statement, that's true. And then the next question is how do we create a system where these universities don't get any money from the government, so they don't depend on the

government in any kind of way. And that is all now coming to a head. So this is going to be really interesting to see as the Trump administration tries to regulate their content being taught at private universities. It's pretty scary. Again, again pretty scary. And of course, since one they issue of free speech, here we go again,

more free speech issues. As Donald Trump wrote almost every week sixty Minutes, which is being sued for billions of dollars for the fraud they committed in the twenty twenty four presidential election. With their interview of failed presidential candidate Kamala Harris mentions the name Trump in a derogatory and

defamatory way. But this weekend's broadcast tops them all. They did not one, but two major stories on Trump all caps, one having to do with Ukraine, which I say is a war that would never have happened if the twenty twenty election had not been rigged, in other words, if I were president. And the other story was having God this is a long sentence, was having to do with Greenland casting out country as led by me, falsely, inaccurately,

and fraudulently President of the United States. Ladies and gentlemen, I am so honored to be suing sixty minutes CBS fake news and paramount for the fraudulent, beyond recognition reporting. They did everything possible to illegally elect Kamala, including completely and corruptly changing major answers to interview questions, but it

just didn't work for them. They are not a news show but a dishonest political operative simply disguised as news, and must be responsible for what they have done and are doing. They should lose their license, Hopefully the FCC FCC is organization his administration as headed by the highly respected Chim and Brandon Karr. His Chim will impose the maximum fines and punishments, which is substantial for the unlawful

and illegal behavior. CBS is out of control at levels never seen before, and they should pay a big price for this. Make America great again. In other words, they criticize me, they said nasty things about me, they maybe even said false things about me. They should lose their license, they should be fined. And by the way, I'm suing them in court, which he won't win, but it won't make it a court because CBS will probably settle because they don't want to be shut. Now. Now, this is

Victor Auban, This is putin. You slowly systematically attack the media. You slowly systematically take away their ability to broadcast, their ability to operate. The media that survives you hand off to your buddies and friends. And then soon enough you wake up and the entire media is Trump's friends, is Trump friendly, and there's no criticism. And it's not the criticism is officially banned. It's no like law that says

you can't criticize the government. But there just isn't any criticism because everybody who has been critical has been fined or fired or you know, made to understand they should stop. Maybe they're in an El SALVADORI in jail. This is a direct attack on the First Amendment. I hope this goes to the Supreme Court, not that it seems to matter that much. And you know, no matter who the president is, you do not threaten the media. Now Obama did this once. Trump did this many times during his

first term. But he is clearly clearly ramping it up this time, dramatically ramping it up much worse, going after them. So, uh yeah, this is not good. This is not good. You might hate the mainstream media, but the mainstream media is important to their existence, is important for free speech, and the government starting to regulate mainstream media in terms

of this speech is a unmitigated disaster and unconstitutional. Now add to that the fact that is as much as the ancient media is biased and often lies, Trump lies a lot more than the mainstream media does. He his lies on a completely different scale than anybody in the media. So anyway, this is again scary stuff. I continue to say. You know, Trump is the most dangerous president we've I think ever had. All right, let's see, just just adjacent

to that. You remember the that woman, the student of tough Te University who wrote a not bad criticizing Israel and was picked up by ice unmanned you know, men with masks, unmarked car and she was detained. Well, the government is now admitted, admitted that she has no links to terror organizations, uh, and that she was not engaged she was not engaged in any anti Semitic activities or any activities that could be deemed supporting of terrorism. She

co wrote and our bad criticizing Israel. Now it was a bad op ad and she's you know, it's a stupid idea and it was all of that. But okay, that's what free speech means. People can publish stuff that I don't agree with the State Department has no evidence linking her to terrorism anti Semitism, yet her deputation is being pursued under the legal provision of the Immigration and Nationality Act from the Cold War era. This is she's a national security threat. So yeah, anyway, that is more

attack on free speech. What happens when your speech, my speech gets viewed as in danger doing national security in some way? What happens then? All right, finally we've talked about this story, but it keeps developing. It keeps getting worse. You remember Trump issuing or signing executive orders for the Justice wanted to go after law firms that he deems as being a PC, that he accuses of supporting the enemy Democrats. He wants the government to go after them.

He's taken away their privileges to argue in courts and in federal buildings and things like that. Well, if you remember Paul Weiss, that company came the head of the company came met with what medical tripe and agreed to basically provide forty million dollars of legal services to causes that supported the Trump agenda. And as a consequence, Trump rescinded the executive order against the firm and allowed them to fully practice. Well, now we have nine more firms,

eight more firms. They're nine in total, eight more firms who have basically signed deals with Trump. Combined, they are pledging nine hundred and forty million dollars, nine hundred and forty million dollars, just short of a billion to provide pro bono legal work for causes that support Donald Trump's agenda. I mean, nobody seems to care. This is not a headliner, This is not making the news. You have to find

it buried somewhere. Law firms basically paying Trump to ascend an executive order that would have constrained their ability to practice their profession, and they were singled out, they were named by name. It wasn't the whole legal profession, but just some. I mean, this is so outrageous. There is a sense of which I'm speechless. It's unbelievable. I mean, so you've replaced the military, You've Congress is ineffectual, They're

not going to criticize you at all. And now you basically eviscerated nine of the largest law firms in the country and created a massive distancentive for the other law firms to sue your administration, to challenge it, to go after it in any kind of way. You're basically turning the entire law profession basically telling if you go after me,

you after my interests, We're coming after you now. To their credit, there are three prestigious law firms that have opted to fight the threats in court at least for now, rather than can make a deal. But it's unbelievable to me. And what's unbelievable to me is that nobody's used this as a major event. I mean, we're I mean, really are inching towards authoritarianism here without anybody caring, literally without I mean, you know why. It's in the streets and

other demonstrations. Even the newspapers they're being on tariffs. They talk a lot about tariffs, and maybe they'll talk a lot about uh, you know the guy, you know, Salvadult and I'll talk about that for a few days. But this is happening to American law firms, and nobody cares. Nobody cares. I don't know. What can you do, Bonnie. This is what Americans elected, and what can you do? Here's the things you can do. You can call your

congressman up and tell them to go some balls. You can call your congressman up and tell them you want them to challenge Trump. You want them to, for example, you want them to return tariff power to Congress. You want them to consider impeaching Trump on this massive, massive power grab that he is entailed engaged in. All you can do is call your congressman, write, let us to the editor. Those are the things you can do. That's about it. What else can we do. We can't elect

him out, we can't vote him out of office. He's already there. Next time. Next time, you can remind everybody of how bad he is and maybe that vote him out office. But for now he's there and we're stuck with him. You can call your newspaper and say, why an't you covering the story. You can write letters to the editor. Here's the thing, guys, and this is reality.

You can do something. What did Michael the other day say, you know, if I called on my followers to go out into the streets, we'd get five thousand people out there. I doubt it, But here's what I'll call on you. Start writing letters the editor, Start writing letters to your congressman, Start calling him up and bugging the hell out of him. Get politically active, not in the sense of joining a political party, but you vote. You have a district, you

have a congressman. Make sure he hears from you that what Trump is doing is unacceptable, despicable. Now, who said there won't be a next time? Bannon keeps saying every interview that Trump will run in twenty eight and win in twenty eight. At the rate Trump is going, What is going to stop him? Exactly? Who's going to stop him? Congress? No, the courts here, you know them. Who's going to stop him if he decides to do it. The military, No, the FBI, Justice Department no. So it's now to put

pressure on Congress. Trump himself is not ruled out running again in twenty twenty eight, even though he knows there's a constitutional amendment prohibiting him for doing it. He doesn't care. He doesn't care. All right, guys, that is you are the news for this Monday, April fourteenth. I told you there's no good news. It's just all depressing. There was one positive news story, where was it? All right, let's

do this. There's a new gene editing therapy that you know basically works to suppress the liver's regulation of cholesterol. So it it is just being shown in a small trial. Gene therapy is always small trials, that a shot of this will reduce cholesterol by fifty three percent. Now this is still phase one trials. It's very early, and we're talking about bad cholesterol. We're talking about so called bad

the LDL cholisto. We're talking about LDL cholesterol. So in this study they managed to get a fifty three percent reduction in cholesterol of LDL without any side effects. You know, it's it's it's the first trials of a drug of a gene therapy. This is something that affects your genes. It affects the genes of the pc PCSK nine gene in the liver. It affects that directly. So this is

a major breakthrough. It could involve like an injection, an infusion, I guess, an infusion you know, once every few months, and you could have dramatically lower cholesterol l d L cholesterol LDL cholesterol for the most part, holding some things constant is a major predictor of heart disease, of of

of problems in the heart. So getting that under control, getting that down that the the the best measure from what I can tell from doctors for your for your risk of heart disease is your apo B level of the apo B. It again relates to cholesterol into into the ability to create clogs, calcification of your of your uteries. This drug with low YOI prob be dramatically fifty is huge, huge, and some people have very very very high collection will

have huge, very high risk of heart disease. Uh and this could this could be a lifesaver, all right, guys, I remind you a few things. Alex Epstein is a sponsor of the Iron Book Show. His substack is Alex

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is great. And then the Dinern Institute is offering the listeners of the Ion brook Show The Ion Brooks Show an exclusive discount for ocon the objective confidence that the conferences that is happening in Boston, Massachusetts in July, I think July first to fifth. Over the fifth of July weekend and it is an amazing conference. I'll be there. I'll be speaking on the opening day. There's lots of events. You can play Poco with me. We'll be playing PoCA. It'll be a blast. It'll be a lot of fun.

And anyway you can. You can get a ten percent discount by signing up for the conference and in the space where it gives you to put in a discount code, put twenty five. That's from the year ybs. That's US ten. That's a ten percent disco. I don't think if you put in twenty five ybs twenty five you get a twenty five percent discoun but you can try ten will work twenty five? I'm not guaranteed. All right, whoops? What did I do? Also, we are way behind on the

super chat. What's up guys? Forget your wallets at home or wherever. It is so way behind on the superchat. Please consider supporting the show value for value. This show is funded listeners like you. You can do it on Patreon or PayPal on a monthly basis, or you can come over to YouTube and you can ask a question or and get an answer, or you can come out of YouTube and do a sticker and participate that way. One way or the other. You can't support the show, no excuses.

We got one hundred and fifty seven watching on YouTube, two hundred and something on Twitter. We should be doing better than we are. And of course, finally, yes, I highly highly value those of you who support the show on Patreon. So please go to patreon dot com you on book show and become a monthly contributor. That is an enormous, ornormous help. I'll also remind you again that we do have a show tonight at eight pm East Coast Tein with Christina Laporte. We'll be talking about her novels.

We'll be talking about some issues political, Yeah, political issues that are brought up in the novels that I think are interesting. We'll be talking about our future novels, so yeah, we'll be talking to Christina about her career, her career in medicine and how that got it into a career in literature. I think you'll be very inspired. Here's somebody who he turned to literature very late in life and has been successful in writing her thrillers and getting them published.

All Right, Mike Miller is now saying that Abrego Garcia was found by a court to be an MS thirteen in twenty nineteen. I assume he's bending the truth. Yes he is. He was accused of being a member of MS thirteen, which he denied and continues to deny, and it was never proven he was a member, and he wasn't kicked out of the country because it was proven he was a member. So he was accused of Miller, just like his boss lies all the time. Oh, we've got a question here by a different Miller. This is

not that Miller. This is Jeffrey. Hey, Jeffy, it's frustrating to hear in defense of tariffs that consumers pay only a small percent of tariffs. What about the businesses? Well, I'm not sure. Why do you think consumers pay only

a small percentage of the tariffs? Basically, either consumers are paying it, or the importers the people who buy it from China and then sell it to businesses or sell it to individuals, their profit margin shrink, or the American small businesses who sell it to customers their profit margin shrinks. Or it's possible that the Chinese, you know, nobody is buying their products and they will reduce the prices and

their profit margin shrinks. But all the empirical evidents suggest that the brunt of this, the biggest share of the tariffs is borne by consumers. And now in some cases it won't be because the small businesses will go out of business, so the consumers will never buy the stuff

and the businesses will just go out to business. But short of that, most businesses who buy from China and resell in the United States, or repackage and resell, or included in something and sell have very low profit margins that they cannot absorb the tariff. And indeed, the countries, the companies in China cannot absorb the tariffs. Their profit

margins are very low. The only people that can actually absorb the tariff are the consumers, and they the ones who can't won't buy, and if a demand for these products will go down, and again that puts the business in big trouble. All Right, what am I hearing that there is gorgeous weather in Michigan? I know, I know this is a setup. Right, this is a setup. You can have gorgeous weather over the next ten days, and as soon as I arrive, the clouds will the you know,

it'll I don't know. It'll snow in uh snows in April. It'll snow, it'll be muddy, it'll be horrible. Uh, you guys are setting me up. You know, not nice. It's not fair. It really isn't fair. I mean, the home country can subsidize the manufactures so they can lower price, like the United States does with farmers. They're constantly subsidizing the farmers. They can lower price so they can get over the towests that are being placed on them by farmers. That is possible as well, but that is again not

sustainable for very long. But that's unlikely to happen. Most of the towers and the past towerts the Trump has passed have been shown to have basically been paid for by consumers. And if I remember, consumers are not you

and me consumers. A significant portion, maybe most, of imports into the United States of parts of materials that then are used by businesses to produce some other uh stuff that then is sold right, so it you know, the cost of the tariffs is often borne by the businesses that are doing the importation, and then they also raise the price of let's say they bring in they buy motors for their washing machines from China. The washing machine is made in America, but the engine is Chinese, then

the price of the Washington is going to go up. Now, in Trump's first term, he raised tariffs on washing machines, and the prices of washing machines went up, without any question, went up. So this is tax paid by businesses and consumers primarily, but consumers because businesses will try to pass on the tax to consumers, They're not gonna they don't have the profit margins to bear it themselves. Ali, Ian, did you catch the Senate hearing of Matter's alleged collaboration

with China? What's your take on Project Aldron? Is this recently? I did not, But you know, would I be? So, I don't know. I'm gonna I'm gonna copy paste this and I'm gonna look into it and I will get back to Ali. You know, I don't have a take, so it's better that I don't say anything. I try to only talk about things I know something about, all right, So I will I will get back to you Ali

with an answer for that. On a future show, Alio said a question Van, I want to sponsor book review Right The Tiger by Evola let me just see how big of a how long of a book? Is it? Survival Manual for Aristocrats of the Soul? Oh, it's kind of got an interesting Oh, Evola is the right wing guy. I'm trying to look and see how many pages it is? Turn fifty six pages. I mean, that's at least that

would cost you all at least five hundred dollars. So if you want me to do it, just either PayPal me or hear super chat me five hundred dollars with it, and uh and uh I will I will do it. It will take me some time, I give you that, because I'm way behind on reviews. But if for five hundred dollars, I could probably do it. I'm interested in reading Evola anyway. I've read some stuff of his, or if read a book about him, but not his stuff directly, so it wouldn't be bad for me to read something

of his. I expect to hate every word, but part of my education, all right, Marilene, I'm still astounded that anyone could support Trump after January sixth I detested him years before that, yep, and you know I did too, So since twenty sixteen, since he announced he was running, I don't get it. Ryan. At this point when we have to start a GoFundMe to buy off support of keep people in Congress to hold the president accountable, I guess this is now the American way corruption pay them off.

Sadly that might be the case. We might not have a choice, but it ain't happening, So don't worry about it. It ain't happening, Sandy. I'm a senior in college. It seems like I will be able to go full time into a startup I created after college. You and Randa being some of the best voices inspiring me through the journey. Thank you. That is great, Sandy. That is fantastic news, and it's exact kind of optimistic tone. I like to

counter all this negative news. At the end of the day, there's still Americans out there, there's still young people out there. We're enthusiastic about the world, want to do something in the world, and have their courage and the ambition to go out and start companies and make do something new. And that's that's at the end of the day. Economically

what really really matters. So thank you, Sandy, Ryan. I think that economic i'mageddon will be Trump's undoing if Americans had a more backbone wrong for the deportation of one person who would be unacceptable, and that would be enough. Will recession be enough? I don't know. I think it might be. I think there'll be a lot of pressure on Trump if there's a recession. I think they can

all say, yeah, you need some pain. But when the pain is there and it's not clear that we're coming out of the pain, but it's not clear to me we're going to recession or how bad the recession will be. Because tariff saw again a relatively small part of the US economy that so t isday business activity will slow down. I don't know. I just hate to bet against American American entrepreneurs, against Sandy's of the world right, but a recession could make could make a difference. I Already Americans

are turning against Trump in pretty astounding numbers. I mean, his favorability rating is plummeting. And what's interesting is his favorability rating among young people, who who he did very very well with in the election is just collapsing. Is just collapsing. So those are good signs Americans. Americans are not happy with Trump. They might not know what to do about it. They might not know, they might not be so outraged outraged as to go into the street

about it. But they're not happy with Trump and a lot of the people who voted for him, a lot of the people who voted for him are not happy with him. If the election was held today, I think Trump would lose. Make a better day. What would be a more advanced guide to economic thinking? Is the university going to cover that subject? I mean, their plans to do it at some point, I don't know when The challenge is finding the right person to teach it. We don't.

Funnily and surprisingly enough, we don't have a lot of talent in the field of economics. We don't have a lot of people who are objectivists in the field of economics, which is sad. I'd say the best place to study economics is through you know, if you want to go to university, it's it's probably George Mason University. But it's reading the great Austrian economists. It's reading of v. Mess It's reading econoctually one lesson by Hazlitt and and and

Haslett's work. It's reading some of the Austrians. If you can, if you can ignore the fact that they are that they are anarchists. It's reading uh the uh you know Thomas soul ignore the fact that he's wrong on some things. But he's pretty good. So there's a and by the way, he came out against Tariff's uh recently. He's ninety something years old. So there's a lot of a lot of books, a lot of content out there that's on good economics. I mean, Sulgent has a good book out now on

the Great Depression. Uh, that is good at economics. Larry White and just Telgian have good, good books on banking and on money. So there's a lot of good content out there. Mary Aleen, is the media afraid to carry stories? By the way, we're almost done with questions, So we've got two more questions and then we're done with the show. We could go longer. Is the media afraid to carry stories about the law firms that have caved? Trump is

trying to intimidate all his opponents into silence. Who's going to stop him if he refuses to leave office in twenty twenty eight. I really don't know who's going to stop him, and it worries me. Are they intimidated? Maybe? I really. You know, I don't know if that is the issue, if it's an issue of intimidation, but it is clear. It is clear that it is clear that I think what's happening. Put it this way, I think what's happening is the media is so overwhelmed with what

Trump is doing. There's so much going at them that they they can't cover everything. They're making choices and and they're prioratizing, and every day it's something new. Every day, some new, you know, urgent thing is happening. Mike. I'm lukewarm in human space travel, but I love that an all female crew went into space today. I hope it will inspire more girls to go into science. I think it was like the the was it the the bride and the and the and her friends from the wedding.

So it's Jeff pizus uh fiance. She went up with her friends. I think it's part of her celebration of for the wedding. What do you call it? The girls party before bachelorette party. It's out of their bachelor at party. Who was going up in space? And Yeah, I think it's cool and exciting and I have no problem. I'm not Lukewarm. I'm excited about human beings in space, if only because it shows what is possible, the potential of human beings. It's a positive in this world, in this

gray world, it's a shining light. Soup Cask, I think I'm going to give up. I'm twenty, and these tasks just confirmed. I'll never own anything, I'll never be dependent. I don't know what to do. Oh, you can't give up, SUBCASKI that's ridiculous. There's no reason to give up. You're twenty, You've let a whole life ahead of you. This idea that you won't own any own anything, it's just not true. There's plenty of jobs out there, there's plenty of businesses

to get started. There's plenty of things to do. Even if we go into a session, even if Trump does all the crazy things that you want to do, there's still life to be lived. There's still positive things to do. This still stuff to create, to make, to build. Your life is too precious to give up. It's you know, there's so much potential joy that is possible, And the idea that you can never own anything, it's just not true.

You have to find the right kind of job. You have to work hard, be motivated, use your mind and constantly be thinking, constantly, be looking for opportunities. There's so much you can do. There's so much open space out there. In spite of the bastards, do not let them get to you. And I know my show can be depressing, but my goal is not to depress you, but to give you a warning about what is happening. But that does not diminish the value of your life and the

upside potential that you still have. Nephel, thank you for the stick of Esoteric Economy. Thank you for the sticker. Robert, thank you for the sticker. Alan, thank you for a sticker. You two can do a sticker and help us, help us inch toward the goal. Oh, thank you for the sticker. Steven just came in with the sticker. Thank you, Steven. Thank you, Catherine for the stickers. Jonathan Honing Mary Mary, So yeah, we've got we've got a bunch of these.

Thank you, guys, Katherine Dawson, Thank you guys, and Jonathan again. So yeah, keep the stickers coming. We've got one more question twenty dollars question from phillopp of nine nine nine. If your country runs the currency used by the world. Because your country was once rich, you use this fake well to buy stuff overseas to keep it going. At some point you collapse because you outsourced all your production. No, no, I mean, that's just not true. It is not true.

For example, the United States produce nothing. All it does is prints money and uses that money to buy up stuff in the world. Nobody would take our dollars if that were the case. The United States is the greatest powerhouse in the world for high tech, for design, for finance, for consulting, for marketing, for a lot of soft products that have enormous value in the marketplace. And the United States is the largest manufacturer of goods in the world.

It is second place to China. The United States manufactures more than Germany, South Korea, and Japan combined. So the United States is not a you know, it's not true that it was once rich. It's rich today. It's richer than it's ever been, and it has a massive military to back that up and to protect it. We produce oil and we sell it. We have many natural resources in this country that gets sold. So the idea that the United States was one rich, once rich, and now

just using fake money, you know. I mean the money is fiat money. That does not make it fake. Money is the common medium of exchange. It is the medium

of exchange in the world. The reason the world uses it as a as a medium of exchange is because of the United States economic strength twenty five percent of world GDP in spite of only having four percent of the population, and that has not shrunk in spite of the rise of China, and the United States is much much, much, much richer than it was at the end of World War two, much richer. And trade surpluses are not a good thing. They're not a bad thing, but not a

good thing. And trade deficits are not a bad thing, done a good thing, but they're not a bad thing. So and everybody in the world wants dollars so they can invest in the United States until Donald Trump came along and destroyed a reputation. Everybody wants to invest in the United States. Why Because we have incredibly productive people. Productivity rates are super high, much higher than Europe. We

have incredible technology. Everybody wants to invest here. Now, it is true that we run massive government deficits, and that is what is going to kill us. If something's going to kill America. It's government spending, it's goverment consumption. I'm going to do a show on this soon, i know exactly when. But excellent article body John Cochran analyzing the whole trade situation and how to relate it to the budget that the budget deficit we borrow too much money

because we spend too much money. Government spending, government consumption is a problem. The trade deficit is not the dollar. I mean, it's a problem because we have inflation because the thread prints it and it's a fear currency. But it's not going away, guys. It's not going to disappear. It's not about to collapse. The system is surprisingly robust. It's not a counterfeit. It's a counterfeit to what. There is no money today. The money being used is the dollar.

It's not a good money. It's a lousy money. It's a really, really bad money. It's a money that is easily inflated and constantly being inflated. But it's no money. So don't get overly depressed. The world is not coming to an end. The United States is not this pathetic, weak country that does you know, people that do nothing.

We're an incredibly productive place. The wealth that we have is real, not fake, and it's a and and you know, and the real opportunities still out there, you know, uh, you know, just just just just listen to who is the one who is uh, who was a sandy? Listen to Sandy who's starting a business starting a business in spite of all this, but just drive around America. There's so much wealthier. And we're much wealthier than we were in nineteen fifty four, nineteen forty eight or nineteen any

other any other. From a material perspective, we are the wealthiest we have ever been. And that's true of poor, middle class, and rich. They're all wealthier than those equivalent groups were in the past. Much healthier, not much wealthier, not a little bit. Tessa spent hours at the Wold Then Museum this week. Thank you for improving life in so many ways. The Then Museum in Paris. You're in Paris, Tessa, Yes, the Then Museum is beautiful. There's some magnificent, gorgeous sculpture.

There's also some terrible s culpture there. Verdin is a very very very mixed bag with some very very ugly stuff that's very depressing, particularly given his level of talent, but there's us a beautiful, beautiful stuff. Some of his portraits are just amazing. Highly encourage people to go visit the word Den Museum when you have a chance. All right, guys, And Tessa's in Paris, so she must be in a good mood. I mean, being a visitor in Paris. How

cool is that? Oh? Is cool? All right? Guys? Thank you to all the super chatters and the stick is all one most superchat It seems to me that many of the people who were against Israel seem to be almost against seem to be also against Ukraine. Have you come across this, and if so, what do you make of it? Well? I mean there are two types those who are against both Israel and Ukraine. And they typically they hate Western civilization. They hate the West and everything

it represents. They hate liberty, they hate freedom, and therefore they are much more inclined to support Putin or Ramas or the Islamists, and they were so the fact that they against Israel and Ukraine is a what do you call it? An overwhelming statement against Western civilization. There are some people who are pro as well in against Ukraine. Some Maga people pro is well against Ukraine. These are people who have not rejected Western civiliztions in in total,

but have missed in a sense. They associate Western civilation with Putin and mistakingly associated is rall with Putin. They think Israel is more religious than it really is and more authoritarian than it really is, and therefore they support it. So it's basically one way or the other, an attack on Western civilization. It's people who resent the West. All right,

Thank you, Abraham Compost, appreciate it, all right, Thank you guys. Remember, in an hour and forty five minutes we will have Casino Laporte on to talk about who career as a doctor and then her career as a novelists as a writer of thrillers, and that will be fun. So join us then and again, thank you to all the super chatters, thank you all the stickers. Thank you to all of you for being here. I will see you in ann oun forty five minutes. Bye, everybody,