April 9, 2025 • 55 mins
Let's officially define tariffs. It's basically like having to check in when you come to LA. We'll discuss what Trump THINKS will happen, what the financial experts who actually know how the economy works think, and what the clap back has been so far.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
All media. How much a dollar cost.
Speaker 2 (00:07):
That's the phrase we use to explain when we're about
to talk about some economics.
Speaker 1 (00:13):
Obviously we have to talk about.
Speaker 2 (00:15):
Turff's Outheast DC East capital projects.
Speaker 1 (00:20):
That's where my mama from.
Speaker 2 (00:21):
You know, obviously I'm West Killer Kelly West Coast LA Native,
but my mama from the district. You know what I'm saying.
I got an aunt Caroling, Really I do.
Speaker 1 (00:31):
It's her. It's the third oldest of her siblings. No.
Speaker 2 (00:35):
Aunt Curling's son was named arn Come on, now, everybody
from the DNV stand up, you feel me. My mama
from the district. That's why I'll be making all the
tarOf jokes. Gotta take care of your mother and your father.
That's out for these bamas out here. You know what
I'm saying where these Bama's from. Look, man, listen to
go go.
Speaker 1 (00:53):
This one thing is got me dripping.
Speaker 2 (00:55):
Don how much a dollar cost? It was a song
on Pimple Butterfly was where the name how much? I'm
saying this for all the new people who just may
have just joined the show because the show is growing. Finally,
thank you for sharing the show with the hommies where
I'm like I'm really trying to make this thing crack.
So please, I never do the like and subscribe, you
know what I'm saying, leave a comment, but like, please,
(01:18):
good god. It was a song onto Pimp a Butterfly,
which has more to do with like, you know, kind
of like selling out for fame. You know that money
is so important that like so basically the price you
paid for that money you got was your soul is
the concept of the song. But the way I'm using
it is that, yeah, it takes money to make money.
(01:39):
So every dollar has a price on it, and it's
not just a dollar. When my daughter when she was
like getting a little older and started asking for us
to you know, she wanted to go to in and
Out and Chick fil A.
Speaker 1 (01:56):
She's wanted to go out to eat every day.
Speaker 2 (01:57):
I needed to explain to her that trying to explain
to her that like people get paid hourly, you know,
for the amount of work it takes for us to
be able to buy that ten dollar meal. You know,
like if you're doing minimum wage, with minimum wage out
here twenty two bucks an hour, like so if it's
(02:18):
like okay, then your eleven dollar meal is a half
hour work, right, so you know you want to do that,
and then you want to stop for some jamva juice,
and then you want to like, you know, get ice
cream later on and then get do sheh. At the
end of the day, it's like, okay, well that equals
(02:39):
that those dollars cost time?
Speaker 1 (02:43):
Right? How much does the collar cost?
Speaker 2 (02:45):
And that time is time away from you like that
Mommy and Daddy have to go to work to it.
So that's how much that cost. Now, it wasn't so
that she would not like ask us for stuff. It
was more just for her to understand, you know.
Speaker 1 (02:58):
The value of a dollar. You know what I'm saying, Like,
how much is that worth? For you?
Speaker 2 (03:02):
In more street sense, it's like how much is your
backpack worth? How much is your bike worth?
Speaker 1 (03:06):
Is it worth?
Speaker 2 (03:07):
This fade you finna get when somebody can run up
and say, borrow your bike right quick?
Speaker 1 (03:12):
I remember, like you have to look.
Speaker 2 (03:14):
I used to have to look them votos in the
face and be like, I'll die for this backpack.
Speaker 1 (03:17):
Of course I won't die for the backpack.
Speaker 2 (03:19):
But that's how much would this backpack cost?
Speaker 3 (03:22):
You?
Speaker 1 (03:22):
Still in my backpack?
Speaker 2 (03:23):
Yeah, the backpack's like twenty five thirty fifty dollars. But
I'm willing to run a fade over a fifty dollars thing.
It's gonna cost me way more than the price of
this backpack, But what I receive in that is safe
passage the next time.
Speaker 1 (03:40):
I would like to walk.
Speaker 2 (03:41):
Through my own neighborhood to get home. How much a
dollar cost? Today we're gonna talk about how much these
tariffs are really gonna cost.
Speaker 1 (03:49):
How much a dollar costs? The Trump versus.
Speaker 2 (03:52):
Everybody addition hood politics, y'all.
Speaker 1 (04:10):
Hey, how's everybody doing.
Speaker 2 (04:11):
This is the first Monday of the month, which means
that yesterday was the first Sunday. Thank you for y'all
who pulled up to Real Ones. One of you said
was like, yo, I'm a fan of the show. I
was like, word, that's why you hear? That's dope, man.
I hope that for what a good time. I forgot
your name. I apologize, but I'm so glad you pulled
up and enjoyed yourself. I'm trying to see this year
for all these worlds to combine, like the rap world,
(04:35):
for which please listen to this. If you're listening to
this Wednesday this week, that means Friday, you would have
in your hands the first single of the new music
I'm rolling out called Passion Project. Matter of fact, Matt Alsowski,
why don't you throw a little little snit bit of
Passion Project out this mug right here?
Speaker 1 (04:52):
I wait, I get it.
Speaker 2 (04:53):
I wish they learned to listen a goal when that's
the million, your blessings and my children, though, change their
direction effective ast penicilin your project, you'll probably repeat these syllableles,
spin a pool all, drive out a sentinel.
Speaker 1 (05:05):
Why thank you, Passion Project?
Speaker 2 (05:08):
I got dnal Gwan and Genni Bowle's perfect start, creases
in my dinner, Moore my linen bro practicing diligence.
Speaker 1 (05:13):
You know what a couple of young.
Speaker 2 (05:14):
Leans offended by your incellence in hebritage passion that.
Speaker 1 (05:17):
Me and stick past them.
Speaker 2 (05:20):
While we all know that Spotify does not pay well,
it pays way more when you own the masters and
I own the Masters, So stream away. But yeah, all right,
I'm gonna talk to y'all. Let me let me lay
the day out, because it's definitely teach your prop Now.
I'm pretty sure y'all haven't seen and heard, because that's
all everybody talking about. Besides the if you and our
(05:43):
if you in our social space, the hands off my
democracy protests, which I'm a little I'm a little out
of the loop about it because it seems as though
overall the black community sat this one out. It was like,
y'all are already erasing Black lives matter. But we tried
to tell you, okay, it's your turn. Where we at?
(06:04):
We we got you the civil right, like, come on, fam,
We tried to tell y'all. Told y'all that we told
you they was coming for you. Now is yo your turn?
You go march? We been marching now I'm all about
solidarity among suffering folks. This got a fuddy though. What
I'm saying is if you not, if your news ain't
talk about that, if y'all apparently y'all done talking about
(06:27):
what the hell that thing? Oh the Signal HUTHI group,
And you know what I Sawbody sent me a clip
from Joe Rogan show where whoever they had on that
Let me let me find who they had on that thing,
because like somebody actually made a humane statement, you know
what I'm saying, which you don't get much. So I'm
(06:47):
really Dave Smith, whoever the hell that is was on
Joe Rogan and he was like, look, dude, the thing
that bothers me was how like do none of you,
like all of y'all are okay with this? I understand,
how how are all of you okay with this? Are
we ignoring one of the open statements when they said, oh,
we found the guy we're looking for. He just walked
into this apartment building. Let's bomb the apartment building, y'all
(07:10):
are nobody has an objection. Nobody has an objection with
First of all, Yemen is the poorest country in the
Middle East who's already locked into a civil war and
it's really not our problem, like we and we're bombing
them to help Israel because the whu this feel like
(07:31):
this senseless war against the people the gods that they
trying their best at the fen in Naomi and we
just gonna bomb. We're gonna bomb a whole ass apartment building.
This guy Dave was like, do none of y'all believe
there's a god like even if like at least some
semblance in that, like, maybe this god or the universe
gonna have something to say about the fact that you
bomb in these people, Like you're really like openly killing
(07:55):
innocent people. Obviously a lot of us feel like, well
that question has been at and answered a long time ago,
or we wouldn't have been in this place in the
first place. Speaking to Gaza, y'all see this anti apartheid
club our shirt.
Speaker 1 (08:08):
I'm rocking here.
Speaker 2 (08:09):
But if you're on the if you're on the Ears edition,
please go follow Pali Roots. They did not ask me
to do this. My homeboy Jared out in New Zealand,
who's like one of the most well informed educated, just
an incredible, incredible, Like sometimes I feel like this man
talking circles around me. I've never had nobody be able
(08:31):
to explain justice to me, especially a white boy, like
I mean, he's incredible. But he put me onto the
Pali Root Roots. They slang merch and feed Palestinian children.
It's really simple. So yeah, speaking of a senseless war
in God, since we done talk about that. Now we
talking about our own money. We might as well do
(08:53):
some lessons here now caveat. Like I've said many times
when I was taking the Sea set, which is the
single subject education credentially to be able to teach in California,
since I taught social sciences, to three part tests, and
each part has two parts, has three parts. There's an essay,
there's whatever. When it got to the economics one, I
(09:17):
failed that mug three times because of the stuff we
about to talk about again in here.
Speaker 1 (09:22):
This is our review.
Speaker 2 (09:22):
If you've been a fan of the show, economics at
least the way we talk about it don't make sense
to me. It seems like you're making this way more
difficult than it needs to be. To me, economics was simple.
Don't spend money you ain't got. I don't know, Spend
less than you make, make more than you spend. If
you're going to invest, you want to make sure you
(09:44):
sell it for more than you bought it for. It
just seems like, I don't know, don't spend money you
ain't got. It seemed real simple to me. Apparently there
are terms for all that, and there are charts to
measure it. It just don't make sense to me, Like,
I don't understand why you need all these words to
say that. And you start getting than the speculation where
you're saying, I think this is going to cost this much.
(10:05):
What when people say they're worth a billion dollars, but
that's what you believe when you add all their assets together,
that's like, so it's imaginary. Well how much money you
got in your bank? They'd be like, well, ten thousand dollars.
I'm like, nigga, and that's how much money you got.
I don't understand how you could be worth a billion dollars,
(10:26):
but you had to take it. You got this private jet,
but you got to take out a mortgage to be
able to pay the gas. Then like, you ain't got
Like my grandma used to say, as long as somebody
owe you money, you'll never be broke. So what they
say is, I'm like, well, then you don't go to
borrow somebody else's money. I'm like, you can't owe a
(10:46):
billion dollars and say you have a billion dollars, you
have no money if you owe a billion, Like that's
the way I thought.
Speaker 1 (10:53):
I don't know.
Speaker 2 (10:54):
That's probably why I'm not rich, because to me, I
was like, I don't understand his works. And then you
have this economic theory called the everyday man. And the
everyday man is like the average person. So when you
read these charts, it's calibrated to what they would call
the average person. The only problem with the average person
is nobody is that person because that person is not
(11:16):
an age.
Speaker 1 (11:17):
It's between the age of that person.
Speaker 2 (11:19):
Don't live in a particular city, they live in any
town city. They got two point five kids. Nobody on
the planet ever, in the existence of human beings, has
had half a child.
Speaker 1 (11:31):
That's just not I like.
Speaker 2 (11:33):
So, why are all of your models based on a
human that none of us can be? That just does it.
I don't understand. Your whole system don't work if no
one can no one is the average, Well you at
it all together. I'm like, that don't make sense to me.
I'm just supposed to accept that the calibration of this
thing is a person that none of us are. When
you start saying the economy is good, you mean the
(11:54):
line go up, so that means the economy bad when
the line go down. It seemed to me like because
of these tariffs, you're telling me that Trump and Zuckerberg
and Bezos and old Elon have lost a billion dollars.
It looked like they life ain't no different. That's an
imaginary number. I don't understand how that line means money. Like,
(12:18):
this is why it It was so hard for me.
So when you say the economy good or the economy bad.
I'm like, either way, I can't afford the head. Even
when you said the economy was good, these eggs cost
too much. Now you say the economy bad, the ad
price of the eggs ain't change. The only way we're
affected is when you is. When the line go up,
y'all make money. When the line go down, y'all start
downsizing and firing people.
Speaker 1 (12:39):
It's imaginary money. I just don't understand.
Speaker 2 (12:42):
So that's how we affected is we lose jobs because
your imaginary line went down. I've since learned that it's
a lot more to it than that. But this is
why I failed it three times because I was trying to.
I was like, make it make sense. You have to
to understand economics. You have to suspend reality in the
same way of accepting when you watched Game of Throne,
(13:04):
you just accepted a world that had dragons, like the
dragons were just a part of the universe that like
was so as a matter of fact, that like nobody
we weren't even like we weren't even it's not even
the point of the show. You just have to accept it.
So to understand the stuff I'm finna talk about there's
(13:27):
a little bit of like you have to suspend reality.
But once you suspend reality of like these numbers don't
seem like real number, then it all starts making sense.
And then you could see how things that are imaginary
actually do affect us, like borders they're made up, and
specifically money. It's not real, but it's real when the
(13:50):
bill collects this call. Now let's get a crack at
home boy. First, I'm gonna say what is a tariff?
I'm gonna say what Trump thinks this is gonna do?
And then counterpoint and then how the rest of the
world dropped a clap back? You guys ready Trump versus everybody.
Speaker 1 (14:06):
Let's dive in, all right, tariffs.
Speaker 2 (14:40):
The question when you're a teacher oftentimes is like how
far back into the rabbit hole do you go? Especially history,
it's like where do you start the story? Because everything
has context, But let's put it all together, right this
like this for us to understand where we get into today.
So tariffs, you have to step back and think about
industrial revolution and creating products in industry to try to
(15:04):
get your weight up, and then trying to sell that
to the rest of the world. When you're a brand
new baby country, a brand new babyhood, a brand new anything.
Speaker 1 (15:14):
You need to learn how to get.
Speaker 2 (15:17):
Your what you're gonna make, what you're gonna be good at,
and how you're gonna make some bread. But since you
the new kid on the block, people been making stuff
the whole time, but you trying to get into the game.
So the only way to get into the game is
you gotta get your weight up. You gotta make something
you got. You gotta develop a product that the rest
of the world needs or can't get anywhere else. I know,
(15:39):
when I be making music, one thing I always have
to remind myself is like, what's my unfair advantage?
Speaker 1 (15:44):
What do I have?
Speaker 2 (15:45):
What do I have to offer that you can't get
from any other album? You know, there's one hundred thousand
songs uploaded to the strength to like DSP's a day.
Speaker 1 (15:54):
So I'm like, how do you get through the noise? Well?
Speaker 2 (15:56):
I have to offer something or I have to try
to offer something. Nobody else will. It's all just still
just rap music. But like why meat? So when you're
you're a baby, young scrappy country, hell my god, right,
youre trying to get in the game because apparently you
can't just enslave people and make money from cotton, because
(16:19):
that's racist.
Speaker 1 (16:21):
Oh my god, you have to figure out how to
make other stuff.
Speaker 2 (16:23):
You can't just export human now you want and you
want your people to buy your stuff. But sometimes the
people as they were then are now like they stuff,
and they like they stuff for cheap. So if I
could get a better product somewhere else, I don't care
how young and scrappy your government is or your country is.
Speaker 1 (16:44):
That don't make no difference to me. I need a
pot because.
Speaker 2 (16:47):
You remember, before the Industrial Revolution, most people made their
own stuff, or you had a blacksmith that like lived
a few barns down, like you made your own clothes.
There wasn't a mass manufacturing of any Everybody made their
own stuff, and then you just traded among each other.
Speaker 1 (17:04):
Was it a big deal? Once our world got connected? Right?
Speaker 2 (17:07):
Once we started like just at an exponentially alarming rate,
just started extracting minerals from the ground, figuring out thanks
to uh, you know, our Nazi friend Henry Ford, to
put together an assembly line, and you can make things
with just replaceable parts, where like widgets, it's like I
don't need just I don't need a blacksmith to make
(17:30):
a bespoke custom perfect screw like this. No, you just
make interchangeable parts. I make a million of those screws
and then a million of those bolts. You just have
them in a bucket, and they could make anything. You
know what I'm saying, Like everything stopped being bespoke, right,
But you trying to get your weight up. You know,
we building these factories, we look we trying to get
We trying to get on a map too, But the
(17:51):
rest of the world had a head start.
Speaker 1 (17:52):
So at this point, almost.
Speaker 2 (17:55):
Everything once you know, once the world got more connected,
most of the stuff we was getting and given and
stuff like that, they had such a head start on us.
It was like, well, well, how do we get our
people to buy our stuff? So we say, well, we
can't beat they prices. And it's kind of not fair
because these people getting the hell of wealthy based on
our appetite, but they not buying our stuff, you know
what I'm saying.
Speaker 1 (18:15):
So what do I do?
Speaker 2 (18:16):
Will you set up these things initially to protect your industries? Now,
I want you to remember that you're trying to protect
your own industries and by doing that, while you are
working to get your quality together as like a temporary
thing to be Like hold up, man, Like we need
a chance to catch up, y'all just can't just like
this is our market, like this is our buyer base,
(18:38):
Like give me a second. If you just gonna sell
to them, like I'm never gonna catch up. So like
you know what, dude, Like we're the ones running all
the infrastructure here. We don't want hire in these people.
We don't want giving them the money, giving them their
money to be able to buy the stuff from you.
Speaker 1 (18:50):
Anyway.
Speaker 2 (18:51):
We paying for the street lights, we're paying for the police,
We're paying for all this stuff.
Speaker 1 (18:55):
We're not getting no return from it as a government.
Speaker 2 (18:57):
So if you just gonna come over here and make money,
like I need a percentage of that. And this is
why I say every gangster understands terror.
Speaker 1 (19:05):
Right now. Big U was in the news.
Speaker 2 (19:07):
If you follow culture like I do, big U is
a famous for all in sixty crip who got out,
and he started a lot of gang intervention programs for
which I have directly been been affected by in a
good way.
Speaker 1 (19:20):
He got out.
Speaker 2 (19:21):
I was a little I was definitely a little older
by the time he got out, but a lot of
the love hummies, even you know, dudes that would have
continued down routes that would have really ended their lives
kind of got involved in his programs, you know what
I'm saying, And that like so as far as like
the connection to the community, I owe a lot to
(19:42):
his programs. Now, I'm saying this as somebody that's not
a gang member, and you have to remember with gangs.
Speaker 1 (19:48):
They also have rivals.
Speaker 2 (19:50):
So just because this one person is getting a certain
amount of like community, notoriety or publicity or exceeding, they
have enemies. In addition to what he was doing is
he had sort of like an entertainment wing where he
was managing a lot of artists and not the least
of which was Nipsey Husk because Nipsey was also a
(20:12):
Rolling sixty cript. Now, there's a tradition in California called
checking in. Now, I remember in Detroit they used to
have like the no Fly Zone, Like this was a
famous thing in Detroit where they told rappers like don't
come here, and before if you gonna come here doing
the show here, we need to make a percentage. You
need to put one of our artists on every time.
And if I see you have a show. If I
(20:34):
see your name on a flyer and it ain't no
Detroit artists on here, I'm taking your whole bag and
we taking over the show.
Speaker 1 (20:39):
OLG and Detroit charged the tariff.
Speaker 2 (20:41):
If you are coming here to make some money off
your music, you need to put our artists on your bill.
And if you don't, I'm shutting down and I'm taking
your money.
Speaker 1 (20:50):
Just check in with us.
Speaker 2 (20:51):
We'll make it work out so that now this is
mutually beneficial. Our guys are making a little more money.
You know what I'm saying, You're because you're not just
gonna use our city to fill your pot. Check it
in out here. I bring up big you because uh
he had a podcast called checking In, and he talked
often about the importance of when you come to California,
(21:12):
you have to check in. Now what that sould to
to these young dumb rappers who are trying to who
want to get you know, they want to go down
to the hood and you know, you want to shoot
a music.
Speaker 1 (21:22):
Video down there. You want lo los, you know what.
Speaker 2 (21:24):
I'm saying, Like you want to you want to you know,
you know what I'm saying. You want to look like
you outside like you like you real out here. But
most importantly, you don't want your chain snatch. You don't
want to get robbed the second you get to the hotel.
Because here's the thing. The person parking your car don't
live in Beverly Hills. That person live in Compton. You
think he ain't see you come off that car shining.
You think he ain't called the hummies to set you up.
(21:46):
You think that man don't know what room you in
because you had to give him the room number check in.
So it's supposed to be that like, okay, so hey,
I'm coming, you got me and make sure Like now,
you got to remember you checking in with a man
that's a total stress. He don't know you, but you
know you coming in here with bands and you're finna
make bands. So I made this joke before. It's like,
(22:08):
you know, you get put on you, you run twenty
racks of the hood. You can shoot your video down here. Yeah,
we'll make sure, we'll make sure you don't get robbed
by us. But then but then what the streets do
They called a set down the road, give them the
access code, they rob you, and then we split it.
Speaker 1 (22:23):
So you paid us to let you do this. We
tried to protect you.
Speaker 2 (22:27):
You mess around and win somewhere else you wasn't supposed to,
and them niggas robbed you. Now you don't know that
we sent them niggas over there, but like if of
course he gonna and then you who you gonna call?
Schoolboy Q has a great interview when he was on
Drink Champs A buy all y'all niggas want to check in?
Speaker 1 (22:45):
Everybody?
Speaker 2 (22:45):
Will I say our favorite thing, y'all want to check in?
You think this man who got enemies, That's what I
mean by like remember like you from it. If you're
from a set, your set as enemy, you think those
enemies are just gonna let you extort the dude when
he come into town. You think that man really like it?
Why would he protect you? He gonna rob your dumb
(23:06):
ass like that was the theory.
Speaker 1 (23:09):
You know what I'm saying.
Speaker 2 (23:10):
Now, Far be it from me to speak out my
neck about stuff I don't know. I don't know anything
about really what happened with Big Yu. I know right
now he's under federal investigation for like a straight like
mafia style ring. Whatever he did. Listen, I don't want
to smoke. All I'm saying is, don't come to California
and pretend to be against It's going to cost you. Okay,
(23:34):
now that tariff might be the percentage you ran to
his hood, but it might cost you moting. That might
cost you your safety. So here's what the lesson is. Listen,
why do you even want to go down there?
Speaker 1 (23:45):
Anyway?
Speaker 2 (23:46):
Land in lax? Like schoolboys say go where is fun?
And like he say, get you something to eat, you know,
take it back to your hotel room, take your jewelry off,
go to the club.
Speaker 1 (24:00):
You know what I'm saying, and enjoy yourself. Why are
you trying to go to the hood? Like We're like,
why are you you don't It don't have to be
like that.
Speaker 2 (24:09):
Lesson I've learned a long time ago is if I
don't know nobody over there, I'm not going over there.
People have asked me a few times, have been like, hey,
can we do a thing where we can you show us?
Can you show us Compton? And I'm like, absolutely not.
I'm not going to drive you through Compton to show you.
Like I don't, I don't know nobody over there, Why
the hell would I take? You can come to my hood.
(24:29):
I know people over here, but no, I'm not sight seeing.
I mean, I'll take you you want to go see
you want to go see the Crenshaw in Slawson where
the mirror is. I'll let you go see the miral.
But we're not finna hang out in the sixties, like
what is wrong with you?
Speaker 1 (24:46):
Right?
Speaker 2 (24:46):
Okay, let me get back on topic. So you take that,
but you apply it to a country. Now another way,
like I said in the little social media breakdown, is
the idea of all the mechs gangs out here. Everybody
knows everybody pays taxes, and they all pay taxes to
the same people. I don't care what your gang is
(25:09):
except for one. But that's some hood. That's some hood
politics that y'all don't need to know about. If you
are going to sell to our people, you need to
pay a percentage to us first, and that money goes
into the government treasury, which brings us to Now, y'all,
America is ten trillion dollars in debt, I'm gonna say
(25:36):
that again, and slower America is ten trillion dollars in.
Speaker 1 (25:51):
Debt.
Speaker 2 (25:53):
Now, that can't possibly be one person's fault. That ain't
one president's faul. That's all of y'all. When you get
a credit card, you know why your credit card got
spending limits because of this ten trillion dollars, which you
(26:17):
would say that doesn't matter, because we make the money.
Why don't you just print a ten trillion dollar bill?
Now you got inflation now, I think in one of
the other ones I talked, tried to explain what inflation was. Basically,
if there's too much of it, it stopped having value,
right you mighty as Remember collecting baseball cards if you
ever did, or any sort of sports cards or pokemons
(26:39):
or Yu gi Oh's whatever. I don't care what the
hell you cat you collect, Remember when there's when there's
not a lot of them, they're a rarity. They're worth more.
It's the same with money. If it's too much money
going around, it loses its value. It doesn't buy enough.
That's over inflation. That leads into a depression. You walk
up with a barrel of dollars to try to buy
(27:00):
a loaf of bread. Everything costs more because the money's
not worth anything. Does that make sense? So you can't
just print it. You have to generate it in a
way that makes sense. You know, els talked about inflation
in terms of tariff I might be getting ahead of myself.
But uh, Ferris Bueller's teacher on Ferris Bueller's day off.
(27:20):
But it was the date that Ferris ain't go to school.
That's why he ain't learned this stuff. Wrote a clip.
Speaker 4 (27:28):
Nineteen thirty, the Republican controlled House of Representatives, in an
effort to alleviate the effects of anyone, anyone the Great Depression,
passed anyone, anyone the tariff Bill, the Holly Smoot Tariff Act,
which anyone raised or lowered, raised tariffs in an effort
(27:54):
to collect more revenue for the federal government. Did it work?
Anyone anyone knows effects. It did not work, and the
United States sank deeper into the Great Depression.
Speaker 2 (28:07):
See he tried to tell us, Now, what are other
ways you can make money? You generate money for the government.
You could either do land grants and bonds. You know
you're about those government bonds. And again this goes back
to the idea of imaginary money, where we get people
to invest in the government, where you buy whatever dollar
(28:28):
amount of a bond into the government, and then the
government's promising that you get a return on that investment,
and they cut you a check because you invested in
the government. However, you just invested in something that owes
ten trillion dollars, So I don't know why the hell
you would do that. So you got to find another
way to make some money.
Speaker 1 (28:46):
So if you the.
Speaker 2 (28:46):
Government, you like, where's all the bread going from? We're
not making it in taxes. I mean we could just
we could tax the wealthy more. I mean, we have
the highest concentration of billionaires. We've concentrated almost all of
the country's wealth to the top one percent of none
(29:07):
of which pay a fair share of taxes.
Speaker 1 (29:10):
I mean you could just, nah, why would we do that?
Why would we tax the people that have the money? Why?
Speaker 2 (29:18):
Why why would we do that?
Speaker 1 (29:25):
That's making sense.
Speaker 2 (29:26):
You should make billionaires pay taxes, might get our money back.
But nah, let's think of something else. Well, you gotta
find a way to make the money. So you make
the money by generating ways to make money. One of
those ways would be, Yeah, we need more jobs. We
(29:49):
need more jobs. You got to create the jobs. How
you create the jobs is you got to build places
for those people to work. Well, who're gonna pay to
build those places for people to work.
Speaker 1 (29:57):
The government. The government ain't got no money. How we
gonna do that?
Speaker 2 (30:02):
And especially if you're a traditional Republican, you try and
you try not to spend no more, but you're trying
to make mode but you don't like taxes.
Speaker 1 (30:10):
What do you do? Well?
Speaker 2 (30:11):
One solution was you find people that you ain't got
to pay a lot that was immigraci So we took
in a whole lot of illegal immigrants cause you ain't
got to pay them. You needed a workforce. The workforce
is going to generate this money that's gonna pay into
the system. But then you like, what are you talking
about the illegal immigrants? They don't pay taxes. They absolutely
(30:32):
pay teck.
Speaker 1 (30:33):
Are you paying attention? They absolutely pay teck.
Speaker 2 (30:35):
Anyway, So let's find the poorest people in the world
and make them pay the taxes rather than the wealthiest.
Let's keep moving because I'm still talking about terriffs, Y're
still talking about practice.
Speaker 1 (30:48):
So, but that's not gonna be enough money.
Speaker 2 (30:51):
What you gotta do because it's not enough if we
just selling this stuff to ourselves, it's not like we're
not getting nowhere. We need to be able to sell
it to other people. But if they already got it,
why would they buy it? Well, what do we have
that they don't, Well, let's sell that to them, right.
But what happens is if we are buying more from
(31:13):
the country that we're trying to sell to, we have
what's called a trade deficit. That means we buy more
than we sell, and that country's got a trade surplus
means they sell mode than they buy.
Speaker 1 (31:27):
That's our relationship with China.
Speaker 2 (31:29):
That's why your iPhone about to be thirty five hundred
dollars because we buy more products from them then we
sell to them.
Speaker 1 (31:34):
What they do buy from US is soybeans, which we'll
talk about later.
Speaker 2 (31:37):
But so the thought was, we need every country to
check in because every country ain't been checking in.
Speaker 1 (31:43):
They y'all just been out here.
Speaker 2 (31:44):
Like at first, the deal was like, if we're gonna
use the street thing, okay, listen, we'll send you.
Speaker 1 (31:50):
I'm gonna be as crude as possible, so please forgive me.
Speaker 2 (31:53):
You can sell us fentonyl if we could sell y'all prostitutes,
you can use our prostitutes if you send us fentinyl.
And you know what, no harm, no foul, it's easy.
It's it's an even trade that would be called terror
Free Trade Agreement like NAFTA. It's all good, and you
(32:14):
know these lines are stupid, like our borders or it's
like besides, like you know, it's like if you're growing
weed and you was growing opium and like it's like
it just if it grow. If it's growing at El Paso,
it's like nigga, which part of l Pasos, Mexico?
Speaker 1 (32:30):
Which part of it?
Speaker 2 (32:31):
Like it's like the borders, it's fine, we don't have
to like, let's just exchange the thing.
Speaker 1 (32:34):
Yohood, myhood. It's all good.
Speaker 2 (32:36):
Matter of fact, mylog was born in your neighborhood, so
it doesn't even like it's the same.
Speaker 1 (32:40):
It's all good.
Speaker 2 (32:41):
But what if you live in a neighborhood with just
some absolute crackheads and they won't fening on and crack
and like, so then now they like, oh we got oh,
we got all that. We could give you every drug
you won't yo people just buying it up and dying.
But meanwhile they only they not buying enough prostitutes for
you to make any money from. So you start looking
around and being like, you know, they getting real rich
(33:03):
off us.
Speaker 1 (33:04):
I know that's crude.
Speaker 2 (33:05):
But that's the point I'm trying to explain here America
looking around, like again I'm explaining what the tariff is,
and actually what Trump's thinking, right, So like, well, we
can't just let you come here and get rich dog like,
like I said, we're paying for all the infrastructure and
like we're obviously in debt.
Speaker 1 (33:21):
We need to figure out ways to make money.
Speaker 2 (33:22):
You're not buying this shit from us, so you're not
buying stuff from us, and you out here making money
because all our people just buy your stuff.
Speaker 1 (33:30):
So even if we tried to make.
Speaker 2 (33:31):
It, ain't nobody gonna like want to buy our shit
cuz yours is cheaper and better.
Speaker 1 (33:37):
But that's not the point.
Speaker 2 (33:38):
And we can't make it cheaper because we don't believe
in slave labor and because y'all so racist that you
don't want no immigrants.
Speaker 1 (33:46):
So like what we supposed to do?
Speaker 2 (33:49):
So they say, oh, I know, this is what we're
gonna do. We're gonna charge y'all if y'all want to
sell here. So if you're gonna sell products here, And
the way that Trump thought about it was what's the
percent up you are of us? Like if you got
five points up from us. Then I'm gonna charge you
ten points right so that it kind of even out.
Does that make sense. I'm trying to eve it out.
(34:11):
I'm trying to figure out how much money you making
off us and how much money we not making off you,
And I'm trying to like basically divide the two figure
out the number to decide what the terrair percentage is
for your particular country. Now, the reciprocal tariff is, what
are you charging us? Well, fu, I'm gonna charge you that.
What's your percentage? Well I want to do that percentage too.
You don't get to sneak mode office. The bottom line
(34:36):
is everything's made everywhere. Like have you been on the
planet in the last one hundred years? Everything's made everywhere.
There's no I use this example for there's no like.
There's not like a pancake mix of car. Like, there's
no batter that you just sit inside of vat and
then you come and then what pops out is your rivian. No,
it's like the seat cushion is made in Scandinavia, the
(34:59):
rivet is made in Canada, the tires is made in Wyoming.
I'm making these places up it's all made in different places.
Speaker 1 (35:08):
Even if you were to be like, we're.
Speaker 2 (35:10):
Gonna tear if we're gonna we're gonna tear iff cars
coming in from Japan, Well, the problem is if the
rivets that Japan uses are made in Pittsburgh, you just
screwed Pittsburgh because guess what, the Japanese manufacturer ain't gonna
buy the American made rivets because you just tariffed us.
(35:32):
So he's so, but the idea is generally this, if
you're gonna sell to US, I need a percentage of that,
and that money goes into the US Treasury to hopefully
pay down some of his debt.
Speaker 1 (35:48):
That's the first part of the plant.
Speaker 2 (35:50):
What he is hoping happens is it becomes so expensive
to buy stuff made everywhere else that it's going to
force people to shop in America. Because again this is
Trump's mind. If you think in a world that is
(36:14):
totally and unequivocally transactional, that we don't have friends, you
don't have homies, You just have convenient partners. If they
make it more money than we are and we lose,
not that we're not getting the service that we desire.
If you look at like I don't know anyone complaining
about the products they buy. I don't know anyone that
says we wish this costs more. But if your theory
(36:38):
is if you make it more money than me, then
I'm losing. I want to make more money than you.
You making more money off me than I'm making off you,
than I'm losing. That this is not fair. That's why
he would say the trade tariffs are unfair. We're gonna
make it fair. What he means is he needs to
make more money.
Speaker 1 (36:54):
Right.
Speaker 2 (36:54):
But if you notice these new tariffs didn't include Canada
and Mexico. Why because it's like you're untangling something that
you can everything's made everywhere. Most American made products are
also made in Canada, are also made in Mexico. Because
this because of the Free Trade Act between the two.
Like like I said, like if you building an if
(37:16):
you buying an American made boot, you understand I'm saying,
I don't know the leather, the leather and the rubber
is like the two things in the laces, Like that's
it's made in all three of our countries and then
assembled in America, and we get to say that's an
American made product, so yeah, you know, like you're you
really shooting yourself in the foot if you added these
tariffs cities two country because look like here, here's what
(37:37):
economists Pete Goodman said, who he's over at at the
New York Times. You could take that as whatever it
takes that, but he's the economists in New York Times.
The numbers are if you buy something from Mexico, like
let's say you bought something made in Mexico, like thirty
cents of every dollar was made in America. So like
of that product, like thirty cents on the dollar was made.
(37:58):
It was made here, even though it says made in
it's safe to say if thirty cents of each dollar
you spend was an American job. But if you buy
something from China, it's like three cents of it was
American made. So you see how even in a global economy,
in Trump's mind, you know what I'm saying, like we're
(38:18):
not making enough money. And it seemed like everything good,
it seemed like everything happy. But I feel like I
feel like y'all more happy than us. Yeah, we got
our stuff, I guess, but like my nigga, we need
we need this bread.
Speaker 1 (38:31):
I can fast forward to the end.
Speaker 2 (38:32):
A real answer is over consumerism. The real answer is
we need to stop buying shit at the level that
we buy in. Then everybody shuts up. Lema put that
to the side. His point is we need to make
shit here. If we make it here. Remember I say,
he's like kind of a nineteenth century guy like anyway,
so his thought is, I'm gonna read my notes over here.
(38:55):
If it costs too much to buy out of the country,
then eventually, not only does that make you look to
American manufacturers, but you also create American manufacturers, so the
business will boom. There'll be a job boom. Now you
get to train all these new workers and you create
new products, and everybody's happy, and there's new jobs, there's
(39:17):
new businesses.
Speaker 1 (39:19):
And we're not relying on everybody else.
Speaker 2 (39:20):
Because if you are a manufacturer, you understand even if
you tried to buy American products, that stuff we don't make.
There's some shit we just can't grow. Bananas grow in
tropical areas. You can have a GMO banana, but it
ain't gonna be right. Bananas grow in tropical regions no
matter what we no matter, I don't care what YO
tariff say, the soil don't grow that.
Speaker 1 (39:40):
You know what I'm saying.
Speaker 2 (39:40):
There's some stuff that just doesn't grow here. But then
there are other things that like, yo, maybe we can
now do we have the infrastructure for it? No, But
the hope is if we invest in our factories, if
we invest in things.
Speaker 1 (39:50):
Now.
Speaker 2 (39:51):
I know people mirror my favorite coffee cup company that
I always work with.
Speaker 1 (39:57):
They have steel.
Speaker 2 (39:57):
They're like, we tried to buy Americans deal. How much
that shit costs and it's not enough? Done, done done,
It's not enough. But the hope is we can make
our products here, have this job boom.
Speaker 1 (40:11):
That's what he's thinking. Is happening.
Speaker 2 (40:12):
If I charge him, If I make it too episode,
I eliminate y'all. I eliminate everybody else by getting him
off the board, by just making everything cost too much.
Speaker 1 (40:21):
That's the thought.
Speaker 2 (40:21):
Now counterpoint next, here we go. You know who made
(41:03):
the greatest counterpoint?
Speaker 1 (41:04):
You ready for this? Who made the greatest.
Speaker 2 (41:06):
Counterpoint for extreme tariffs is Ronald Reagan. I'm a plates clip.
Speaker 3 (41:12):
You see at first, when someone says let's impose tariffs
on foreign imports, it looks like they're doing the patriotic
thing by protecting American products and jobs, and sometimes for
a short while it works, but only for a short time.
What eventually occurs is first homegrown industries start relying on
government protection in the form of high tariffs. They stop
(41:35):
competing and stop making the innovative management and technological changes
they need to succeed in world markets. And then while
all this is going on, something even worse occurs. High
tariffs inevitably lead to retaliation by foreign countries and the
triggering of fierce trade wars. The result is more and
more tariffs, higher and higher trade barriers, and less and
(41:57):
less competition. So soon, because of the prices made artificially
high by tariffs that subsidize inefficiency and poor management, people
stop buying. Then the worst happens. Market shrink and collapse,
businesses and industry shut down, and millions of people lose
their jobs. The memory of all this occurring back in
the thirties made me determined when I came to Washington
(42:20):
to spare the American people the protectionist legislation that destroys prosperity.
Speaker 2 (42:26):
Did you follow what he was saying? I'm this is
the suspending reality stuff. It's the idea that if you
believe in a free market economy, then you think that
the competition between two different or competing companies will get
us the best product at the lowest price, because you're
(42:48):
fighting for our dollars. If you, by government decree, make
someone raise their prices.
Speaker 1 (42:58):
Then.
Speaker 2 (43:00):
You eliminate the need for competition. So this industry here,
these factories might grow, but it's not real growth because
your product's not better. You you made up this, which
means that if that tariff leaves, they get to go
(43:21):
back to their actual price. You following me, this isn't
really cheaper. The American product isn't really cheaper. It's not
actually better. It's only cheaper because your law made that
cost too much, not their manufacturing costs, your law did.
Imagine if you're at school and you make the basketball
(43:42):
team and you swear you the best hooper in the school,
let's just make it easier. You're in an elementary school
and you want to be the one that runs the fastest.
I'm the fastest kid at our school. Well that's only
true if the kids that are faster than you got
suspended or were not eligible and didn't make the grades.
(44:03):
Are you really the fastest, because once they suspension is over.
Once them kids get their grades up, then you not
the fastest kid. That's what he's trying to say. The
next problem with this is who actually pays the tariff?
Speaker 1 (44:17):
Right? So who's paying the tariff?
Speaker 2 (44:19):
Eventually, like we said, it ends at us, we pay
the tariff, right, But how it works is this. Let's
just say you got an etsy that's really popping, right,
and you use textiles made in China, and you like,
you right at that bubble, you right at that, like
y'all like, look, if we could get this weight off,
I got ten thousand orders waiting, like I'm almost there.
Speaker 1 (44:42):
I'm almost there. We almost crack it.
Speaker 2 (44:44):
But to get that shipping container off the docks and
load it into your truck, your courier service that's gonna
bring you. I noticed it because I had a coffee company.
So when that coffee I'm switching metaphors. But that coffee
from Ethiopia, which we had to pay Ethiopia to get
(45:05):
it off their shores. But that's not your problem. But
then once it got to America, I don't go down
to Long Beach and get the and get the container. No,
the courier service stuff which loads it into the freight
truck that brings it to our factory. It brings a
text I'll bring the coffee to our factory. So when
the government says there's a fifty percent tariff on this
(45:26):
from this country on that product, somebody got to pay
that bill or the stuff don't get off the shipping container.
Now you think China gonna pay that, that's one option.
But if China gonna pay that, and China like, I'm
not finna just lose, that's y'all's problem. I'm not gonna
lose my profits. I set my price based on how
much it cost us to make so we can make
a profit.
Speaker 1 (45:45):
Y'all.
Speaker 2 (45:45):
The one that I ain't paying that you pay that.
I did my part. You brought the product. Now what
you do with it, how it gets off the boat?
That's on y'all.
Speaker 1 (45:55):
I delivered it.
Speaker 2 (45:56):
So that means the people that's receiving it, it's gonna
have to pay. It's an American company. Now you think
that people that's receiving that company just gonna eat that cost,
or you think they gonna roll that into me or
into your Etsy thing that owns the textiles, you gonna
have to pay for it. That's one way, and if
I gotta pay for it. Look, I'm the small business, y'all.
(46:16):
Could I can't afford this, But I also can't afford
to just leave the shit at the docks. So what
I'm gonna do? I can't necessarily charge the consumer because
I'm a small business. You'll go somewhere else. You can
only sell so many things to your cousins. Eventually you
need customers you've never met. People used to ask, hey, prop,
(46:38):
why you haven't you put Terraform cobrew on Amazon. I'm like,
first of all, because they're evil, but secondly because I
can't afford it. I don't have enough. There's not enough
profit more, I can't afford it. I would lose a
dollar on every can that I sold on Amazon. I
can't afford it. Where there's more customers on Amazon, you'll
sell more. Do you understand? It's the sunken cost fallacy.
(46:59):
If I sell, if I lose a dollar on one can,
if I sell one hundred cans, it doesn't I still
lost the dollar on every can. So I lost one
hundred dollars, which you sold one hundred cans, but I
lost Are.
Speaker 1 (47:13):
You following me?
Speaker 2 (47:14):
So that means that somebody got to pay this extra
fifty percent. Some of the countries have decided to say, well,
how about we split this cost? Okay, everybody's losing, let's
split the costs. Now, who can eat that? Are your Walmarts?
Are your targets? They could eat that cost? It is
what it is.
Speaker 1 (47:32):
Are they going to eat that cost?
Speaker 2 (47:34):
No, they're going to spread it across multiple departments, right,
because is not Walmart just full of other products? You
just spread it. You have to pay for shelf space.
You just spread the costs among your ten thousand stores,
and you don't feel it right? Everybody else ain't got
(47:56):
that luxury? Is the other countries paying for it? No,
So eventually who pays for it is us? And again,
now back to Trump's hope is we're gonna be like,
I ain't paying for that. I'll buy this though, and
then you'll body American stuff. Now here's the problem with
him thinking that that's the answer. It's factories in this
imaginary Trump world are still created with parts made in
(48:19):
other countries, which you just teariff. So how we I
can't even make the factory because you just made it
too expensive to make the factory and also, we ain't
made stuff at that scale in years.
Speaker 1 (48:35):
We ain't got the railways for it. We ain't got
the roads for it. We ain't got the trucks for it.
We not ready for that.
Speaker 2 (48:45):
The thing he imagined, We're not ready for it. And
I don't know if you notice, everybody broke why nigga
inflation because the cost of stuff is not going up
with the cost of wages. Niggas ain't got houses.
Speaker 1 (49:00):
Like what do you like? What did you like? What
healthcare costs too much? It'd be different, it'd be different.
Speaker 2 (49:10):
Listen, my dog is sick right now, which God damn it,
I have to buy pet insurance.
Speaker 1 (49:16):
I hate this world anyway.
Speaker 2 (49:19):
That would be fine if our health insurance as a
family wasn't a trillion dollar but it is. And at
the end of the day, American stuff right now, if
we were to start right now, it just costs more.
It's just like, so the price difference really ain't gonna
be and ain't gonna be that serious. It's like, it's
still gonna be too expensive now. How other countries are
(49:40):
clapping back next? So the EU was like and the
(50:16):
rest of the world was like, oh word, reciprocal tarras. Okay,
bet now if you know us, if we like, all right,
bet that's a problem, like that means, oh it's finna
go down now. Our biggest trade partner is the EU,
because you have to remember, that's thirty five countries, right,
(50:38):
it's not just it's not it's thirty five countries. And
you know what they buy from us. They buy from us.
One of our biggest exports tech cloud services. Software. We
sell them Google, we sell them Oracle, we sell them Amazon.
We also sell them whiskey and motorcycles. So they basically said,
(51:01):
all right, this is what you're trying to do. Well,
what if we just that's a nice that's a nice uh,
that's a nice Silicon Valley tech industry that you got there.
It'd be shamed if anything happened to it. They could
basically be like, all right, you're finna tear for everything. Okay,
how about how about we tear if your cloud service,
which of course is a gamble because again they make
the most most cloud services. But it's not like China
(51:23):
don't make it. You think every you think they don't.
You think were the only people with the with server farms.
Right now, we might be the We might be the best,
we might be the top guy.
Speaker 1 (51:34):
But I tell you what not if you keep playing
like this.
Speaker 2 (51:37):
So that's one thing they said it was. And listen,
these tech folks. You have to understand corporations want predictability.
That's why the stock market acting crazy because remember the
stock market's imaginary. This is what we think something gonna
be work. When you start doing stuff that we can't predict,
niggas get scared, pull they money out. I'm not playing
no games. I don't want the smoke. Contranies don't want
(52:00):
the smoke. So now these tech oligarchs who are basically
making a brand new Versailles by just moving over there
and holding court or they everybody moving to DC so
you can be close to the president I mean the king,
I mean the monarch, I mean the dictator, I mean
the president. They moving over there to be close to
him because you're just trying to be trying to hold court,
game of thrones and shit, you got to be around
(52:21):
the palace to get what you want. My nigga, you
playing games with our money now, because if the EU
start tariffing Oracle, that's gonna be a thing. EU is
specifically twenty seven countries. I said thirty five because I
was being I was exaggerating. But in China, China buys
(52:42):
a lot of our soybeans because that's our thing we
got that they don't and they for show like soy
but guess what, they don't have to buy it.
Speaker 1 (52:53):
They say, okay, word, what if we tear if yo?
SOI thirty four percent. Maybe.
Speaker 2 (52:58):
Now, if Trump's concept of like this is just a
negotiation tactic, I'm just trying to get y'all to the
table by acting like this. If that's the thing, that's
quite a gamble. Because again, remember America, it's ten trillion
dollars in debt. And what this gamble means is if
(53:23):
it works, that's off. Because but if it don't work,
it's the nineteen thirties. But at the end of the day,
your Nintendo switched to ain't coming and your iPhone sixteen
plus Nigga, your iPhone seventeen is about to.
Speaker 1 (53:39):
Be three thousand, five hundred dollars TERFs.
Speaker 2 (53:44):
So how much your dollar costs the entire stock market?
Speaker 1 (53:49):
Hood politics?
Speaker 2 (54:03):
All right? Now, don't you hit stop on this pod.
You better listen to these credits. I need you to
finish this thing so I can get the download numbers. Okay,
so don't stop it yet, but listen. This was recorded
in East Lost Boyle Heights by your boy Propaganda. Tap
in with me at prop hip hop dot com. If
(54:23):
you're in the Coldbrew coffee we got terraform Coldbrew. You
can go there dot com and use promo code hood
get twenty percent off.
Speaker 1 (54:31):
Get yourself some coffee.
Speaker 2 (54:33):
This was mixed, edited and mastered by your boy Matt
Alsowski killing the Beast softly. Check out his website Matdowsowski
dot com.
Speaker 1 (54:41):
I'm a spell it for you because.
Speaker 2 (54:43):
I know M A T T O S O W
s ki dot com Matthowsowski dot com. He got more
music and stuff like that on there, so gonna check
out the heat. Politics is a member of cool Zone Media,
Executive produced by Sophie Lichterman, part of the iHeartMedia podcast network.
(55:05):
Your theme music and scoring is also by the one
and nobly mattow Sowski. Still killing the beat softly, So listen,
don't let nobody lie to you. If you understand urban living,
you understand politics. These people is not smarter than you.
We'll see y'all next week.
All media. How much a dollar cost.
Speaker 2 (00:07):
That's the phrase we use to explain when we're about
to talk about some economics.
Speaker 1 (00:13):
Obviously we have to talk about.
Speaker 2 (00:15):
Turff's Outheast DC East capital projects.
Speaker 1 (00:20):
That's where my mama from.
Speaker 2 (00:21):
You know, obviously I'm West Killer Kelly West Coast LA Native,
but my mama from the district. You know what I'm saying.
I got an aunt Caroling, Really I do.
Speaker 1 (00:31):
It's her. It's the third oldest of her siblings. No.
Speaker 2 (00:35):
Aunt Curling's son was named arn Come on, now, everybody
from the DNV stand up, you feel me. My mama
from the district. That's why I'll be making all the
tarOf jokes. Gotta take care of your mother and your father.
That's out for these bamas out here. You know what
I'm saying where these Bama's from. Look, man, listen to
go go.
Speaker 1 (00:53):
This one thing is got me dripping.
Speaker 2 (00:55):
Don how much a dollar cost? It was a song
on Pimple Butterfly was where the name how much? I'm
saying this for all the new people who just may
have just joined the show because the show is growing. Finally,
thank you for sharing the show with the hommies where
I'm like I'm really trying to make this thing crack.
So please, I never do the like and subscribe, you
know what I'm saying, leave a comment, but like, please,
(01:18):
good god. It was a song onto Pimp a Butterfly,
which has more to do with like, you know, kind
of like selling out for fame. You know that money
is so important that like so basically the price you
paid for that money you got was your soul is
the concept of the song. But the way I'm using
it is that, yeah, it takes money to make money.
(01:39):
So every dollar has a price on it, and it's
not just a dollar. When my daughter when she was
like getting a little older and started asking for us
to you know, she wanted to go to in and
Out and Chick fil A.
Speaker 1 (01:56):
She's wanted to go out to eat every day.
Speaker 2 (01:57):
I needed to explain to her that trying to explain
to her that like people get paid hourly, you know,
for the amount of work it takes for us to
be able to buy that ten dollar meal. You know,
like if you're doing minimum wage, with minimum wage out
here twenty two bucks an hour, like so if it's
(02:18):
like okay, then your eleven dollar meal is a half
hour work, right, so you know you want to do that,
and then you want to stop for some jamva juice,
and then you want to like, you know, get ice
cream later on and then get do sheh. At the
end of the day, it's like, okay, well that equals
(02:39):
that those dollars cost time?
Speaker 1 (02:43):
Right? How much does the collar cost?
Speaker 2 (02:45):
And that time is time away from you like that
Mommy and Daddy have to go to work to it.
So that's how much that cost. Now, it wasn't so
that she would not like ask us for stuff. It
was more just for her to understand, you know.
Speaker 1 (02:58):
The value of a dollar. You know what I'm saying, Like,
how much is that worth? For you?
Speaker 2 (03:02):
In more street sense, it's like how much is your
backpack worth? How much is your bike worth?
Speaker 1 (03:06):
Is it worth?
Speaker 2 (03:07):
This fade you finna get when somebody can run up
and say, borrow your bike right quick?
Speaker 1 (03:12):
I remember, like you have to look.
Speaker 2 (03:14):
I used to have to look them votos in the
face and be like, I'll die for this backpack.
Speaker 1 (03:17):
Of course I won't die for the backpack.
Speaker 2 (03:19):
But that's how much would this backpack cost?
Speaker 3 (03:22):
You?
Speaker 1 (03:22):
Still in my backpack?
Speaker 2 (03:23):
Yeah, the backpack's like twenty five thirty fifty dollars. But
I'm willing to run a fade over a fifty dollars thing.
It's gonna cost me way more than the price of
this backpack, But what I receive in that is safe
passage the next time.
Speaker 1 (03:40):
I would like to walk.
Speaker 2 (03:41):
Through my own neighborhood to get home. How much a
dollar cost? Today we're gonna talk about how much these
tariffs are really gonna cost.
Speaker 1 (03:49):
How much a dollar costs? The Trump versus.
Speaker 2 (03:52):
Everybody addition hood politics, y'all.
Speaker 1 (04:10):
Hey, how's everybody doing.
Speaker 2 (04:11):
This is the first Monday of the month, which means
that yesterday was the first Sunday. Thank you for y'all
who pulled up to Real Ones. One of you said
was like, yo, I'm a fan of the show. I
was like, word, that's why you hear? That's dope, man.
I hope that for what a good time. I forgot
your name. I apologize, but I'm so glad you pulled
up and enjoyed yourself. I'm trying to see this year
for all these worlds to combine, like the rap world,
(04:35):
for which please listen to this. If you're listening to
this Wednesday this week, that means Friday, you would have
in your hands the first single of the new music
I'm rolling out called Passion Project. Matter of fact, Matt Alsowski,
why don't you throw a little little snit bit of
Passion Project out this mug right here?
Speaker 1 (04:52):
I wait, I get it.
Speaker 2 (04:53):
I wish they learned to listen a goal when that's
the million, your blessings and my children, though, change their
direction effective ast penicilin your project, you'll probably repeat these syllableles,
spin a pool all, drive out a sentinel.
Speaker 1 (05:05):
Why thank you, Passion Project?
Speaker 2 (05:08):
I got dnal Gwan and Genni Bowle's perfect start, creases
in my dinner, Moore my linen bro practicing diligence.
Speaker 1 (05:13):
You know what a couple of young.
Speaker 2 (05:14):
Leans offended by your incellence in hebritage passion that.
Speaker 1 (05:17):
Me and stick past them.
Speaker 2 (05:20):
While we all know that Spotify does not pay well,
it pays way more when you own the masters and
I own the Masters, So stream away. But yeah, all right,
I'm gonna talk to y'all. Let me let me lay
the day out, because it's definitely teach your prop Now.
I'm pretty sure y'all haven't seen and heard, because that's
all everybody talking about. Besides the if you and our
(05:43):
if you in our social space, the hands off my
democracy protests, which I'm a little I'm a little out
of the loop about it because it seems as though
overall the black community sat this one out. It was like,
y'all are already erasing Black lives matter. But we tried
to tell you, okay, it's your turn. Where we at?
(06:04):
We we got you the civil right, like, come on, fam,
We tried to tell y'all. Told y'all that we told
you they was coming for you. Now is yo your turn?
You go march? We been marching now I'm all about
solidarity among suffering folks. This got a fuddy though. What
I'm saying is if you not, if your news ain't
talk about that, if y'all apparently y'all done talking about
(06:27):
what the hell that thing? Oh the Signal HUTHI group,
And you know what I Sawbody sent me a clip
from Joe Rogan show where whoever they had on that
Let me let me find who they had on that thing,
because like somebody actually made a humane statement, you know
what I'm saying, which you don't get much. So I'm
(06:47):
really Dave Smith, whoever the hell that is was on
Joe Rogan and he was like, look, dude, the thing
that bothers me was how like do none of you,
like all of y'all are okay with this? I understand,
how how are all of you okay with this? Are
we ignoring one of the open statements when they said, oh,
we found the guy we're looking for. He just walked
into this apartment building. Let's bomb the apartment building, y'all
(07:10):
are nobody has an objection. Nobody has an objection with
First of all, Yemen is the poorest country in the
Middle East who's already locked into a civil war and
it's really not our problem, like we and we're bombing
them to help Israel because the whu this feel like
(07:31):
this senseless war against the people the gods that they
trying their best at the fen in Naomi and we
just gonna bomb. We're gonna bomb a whole ass apartment building.
This guy Dave was like, do none of y'all believe
there's a god like even if like at least some
semblance in that, like, maybe this god or the universe
gonna have something to say about the fact that you
bomb in these people, Like you're really like openly killing
(07:55):
innocent people. Obviously a lot of us feel like, well
that question has been at and answered a long time ago,
or we wouldn't have been in this place in the
first place. Speaking to Gaza, y'all see this anti apartheid
club our shirt.
Speaker 1 (08:08):
I'm rocking here.
Speaker 2 (08:09):
But if you're on the if you're on the Ears edition,
please go follow Pali Roots. They did not ask me
to do this. My homeboy Jared out in New Zealand,
who's like one of the most well informed educated, just
an incredible, incredible, Like sometimes I feel like this man
talking circles around me. I've never had nobody be able
(08:31):
to explain justice to me, especially a white boy, like
I mean, he's incredible. But he put me onto the
Pali Root Roots. They slang merch and feed Palestinian children.
It's really simple. So yeah, speaking of a senseless war
in God, since we done talk about that. Now we
talking about our own money. We might as well do
(08:53):
some lessons here now caveat. Like I've said many times
when I was taking the Sea set, which is the
single subject education credentially to be able to teach in California,
since I taught social sciences, to three part tests, and
each part has two parts, has three parts. There's an essay,
there's whatever. When it got to the economics one, I
(09:17):
failed that mug three times because of the stuff we
about to talk about again in here.
Speaker 1 (09:22):
This is our review.
Speaker 2 (09:22):
If you've been a fan of the show, economics at
least the way we talk about it don't make sense
to me. It seems like you're making this way more
difficult than it needs to be. To me, economics was simple.
Don't spend money you ain't got. I don't know, Spend
less than you make, make more than you spend. If
you're going to invest, you want to make sure you
(09:44):
sell it for more than you bought it for. It
just seems like, I don't know, don't spend money you
ain't got. It seemed real simple to me. Apparently there
are terms for all that, and there are charts to
measure it. It just don't make sense to me, Like,
I don't understand why you need all these words to
say that. And you start getting than the speculation where
you're saying, I think this is going to cost this much.
(10:05):
What when people say they're worth a billion dollars, but
that's what you believe when you add all their assets together,
that's like, so it's imaginary. Well how much money you
got in your bank? They'd be like, well, ten thousand dollars.
I'm like, nigga, and that's how much money you got.
I don't understand how you could be worth a billion dollars,
(10:26):
but you had to take it. You got this private jet,
but you got to take out a mortgage to be
able to pay the gas. Then like, you ain't got
Like my grandma used to say, as long as somebody
owe you money, you'll never be broke. So what they
say is, I'm like, well, then you don't go to
borrow somebody else's money. I'm like, you can't owe a
(10:46):
billion dollars and say you have a billion dollars, you
have no money if you owe a billion, Like that's
the way I thought.
Speaker 1 (10:53):
I don't know.
Speaker 2 (10:54):
That's probably why I'm not rich, because to me, I
was like, I don't understand his works. And then you
have this economic theory called the everyday man. And the
everyday man is like the average person. So when you
read these charts, it's calibrated to what they would call
the average person. The only problem with the average person
is nobody is that person because that person is not
(11:16):
an age.
Speaker 1 (11:17):
It's between the age of that person.
Speaker 2 (11:19):
Don't live in a particular city, they live in any
town city. They got two point five kids. Nobody on
the planet ever, in the existence of human beings, has
had half a child.
Speaker 1 (11:31):
That's just not I like.
Speaker 2 (11:33):
So, why are all of your models based on a
human that none of us can be? That just does it.
I don't understand. Your whole system don't work if no
one can no one is the average, Well you at
it all together. I'm like, that don't make sense to me.
I'm just supposed to accept that the calibration of this
thing is a person that none of us are. When
you start saying the economy is good, you mean the
(11:54):
line go up, so that means the economy bad when
the line go down. It seemed to me like because
of these tariffs, you're telling me that Trump and Zuckerberg
and Bezos and old Elon have lost a billion dollars.
It looked like they life ain't no different. That's an
imaginary number. I don't understand how that line means money. Like,
(12:18):
this is why it It was so hard for me.
So when you say the economy good or the economy bad.
I'm like, either way, I can't afford the head. Even
when you said the economy was good, these eggs cost
too much. Now you say the economy bad, the ad
price of the eggs ain't change. The only way we're
affected is when you is. When the line go up,
y'all make money. When the line go down, y'all start
downsizing and firing people.
Speaker 1 (12:39):
It's imaginary money. I just don't understand.
Speaker 2 (12:42):
So that's how we affected is we lose jobs because
your imaginary line went down. I've since learned that it's
a lot more to it than that. But this is
why I failed it three times because I was trying to.
I was like, make it make sense. You have to
to understand economics. You have to suspend reality in the
same way of accepting when you watched Game of Throne,
(13:04):
you just accepted a world that had dragons, like the
dragons were just a part of the universe that like
was so as a matter of fact, that like nobody
we weren't even like we weren't even it's not even
the point of the show. You just have to accept it.
So to understand the stuff I'm finna talk about there's
(13:27):
a little bit of like you have to suspend reality.
But once you suspend reality of like these numbers don't
seem like real number, then it all starts making sense.
And then you could see how things that are imaginary
actually do affect us, like borders they're made up, and
specifically money. It's not real, but it's real when the
(13:50):
bill collects this call. Now let's get a crack at
home boy. First, I'm gonna say what is a tariff?
I'm gonna say what Trump thinks this is gonna do?
And then counterpoint and then how the rest of the
world dropped a clap back? You guys ready Trump versus everybody.
Speaker 1 (14:06):
Let's dive in, all right, tariffs.
Speaker 2 (14:40):
The question when you're a teacher oftentimes is like how
far back into the rabbit hole do you go? Especially history,
it's like where do you start the story? Because everything
has context, But let's put it all together, right this
like this for us to understand where we get into today.
So tariffs, you have to step back and think about
industrial revolution and creating products in industry to try to
(15:04):
get your weight up, and then trying to sell that
to the rest of the world. When you're a brand
new baby country, a brand new babyhood, a brand new anything.
Speaker 1 (15:14):
You need to learn how to get.
Speaker 2 (15:17):
Your what you're gonna make, what you're gonna be good at,
and how you're gonna make some bread. But since you
the new kid on the block, people been making stuff
the whole time, but you trying to get into the game.
So the only way to get into the game is
you gotta get your weight up. You gotta make something
you got. You gotta develop a product that the rest
of the world needs or can't get anywhere else. I know,
(15:39):
when I be making music, one thing I always have
to remind myself is like, what's my unfair advantage?
Speaker 1 (15:44):
What do I have?
Speaker 2 (15:45):
What do I have to offer that you can't get
from any other album? You know, there's one hundred thousand
songs uploaded to the strength to like DSP's a day.
Speaker 1 (15:54):
So I'm like, how do you get through the noise? Well?
Speaker 2 (15:56):
I have to offer something or I have to try
to offer something. Nobody else will. It's all just still
just rap music. But like why meat? So when you're
you're a baby, young scrappy country, hell my god, right,
youre trying to get in the game because apparently you
can't just enslave people and make money from cotton, because
(16:19):
that's racist.
Speaker 1 (16:21):
Oh my god, you have to figure out how to
make other stuff.
Speaker 2 (16:23):
You can't just export human now you want and you
want your people to buy your stuff. But sometimes the
people as they were then are now like they stuff,
and they like they stuff for cheap. So if I
could get a better product somewhere else, I don't care
how young and scrappy your government is or your country is.
Speaker 1 (16:44):
That don't make no difference to me. I need a
pot because.
Speaker 2 (16:47):
You remember, before the Industrial Revolution, most people made their
own stuff, or you had a blacksmith that like lived
a few barns down, like you made your own clothes.
There wasn't a mass manufacturing of any Everybody made their
own stuff, and then you just traded among each other.
Speaker 1 (17:04):
Was it a big deal? Once our world got connected? Right?
Speaker 2 (17:07):
Once we started like just at an exponentially alarming rate,
just started extracting minerals from the ground, figuring out thanks
to uh, you know, our Nazi friend Henry Ford, to
put together an assembly line, and you can make things
with just replaceable parts, where like widgets, it's like I
don't need just I don't need a blacksmith to make
(17:30):
a bespoke custom perfect screw like this. No, you just
make interchangeable parts. I make a million of those screws
and then a million of those bolts. You just have
them in a bucket, and they could make anything. You
know what I'm saying, Like everything stopped being bespoke, right,
But you trying to get your weight up. You know,
we building these factories, we look we trying to get
We trying to get on a map too, But the
(17:51):
rest of the world had a head start.
Speaker 1 (17:52):
So at this point, almost.
Speaker 2 (17:55):
Everything once you know, once the world got more connected,
most of the stuff we was getting and given and
stuff like that, they had such a head start on us.
It was like, well, well, how do we get our
people to buy our stuff? So we say, well, we
can't beat they prices. And it's kind of not fair
because these people getting the hell of wealthy based on
our appetite, but they not buying our stuff, you know
what I'm saying.
Speaker 1 (18:15):
So what do I do?
Speaker 2 (18:16):
Will you set up these things initially to protect your industries? Now,
I want you to remember that you're trying to protect
your own industries and by doing that, while you are
working to get your quality together as like a temporary
thing to be Like hold up, man, Like we need
a chance to catch up, y'all just can't just like
this is our market, like this is our buyer base,
(18:38):
Like give me a second. If you just gonna sell
to them, like I'm never gonna catch up. So like
you know what, dude, Like we're the ones running all
the infrastructure here. We don't want hire in these people.
We don't want giving them the money, giving them their
money to be able to buy the stuff from you.
Speaker 1 (18:50):
Anyway.
Speaker 2 (18:51):
We paying for the street lights, we're paying for the police,
We're paying for all this stuff.
Speaker 1 (18:55):
We're not getting no return from it as a government.
Speaker 2 (18:57):
So if you just gonna come over here and make money,
like I need a percentage of that. And this is
why I say every gangster understands terror.
Speaker 1 (19:05):
Right now. Big U was in the news.
Speaker 2 (19:07):
If you follow culture like I do, big U is
a famous for all in sixty crip who got out,
and he started a lot of gang intervention programs for
which I have directly been been affected by in a
good way.
Speaker 1 (19:20):
He got out.
Speaker 2 (19:21):
I was a little I was definitely a little older
by the time he got out, but a lot of
the love hummies, even you know, dudes that would have
continued down routes that would have really ended their lives
kind of got involved in his programs, you know what
I'm saying, And that like so as far as like
the connection to the community, I owe a lot to
(19:42):
his programs. Now, I'm saying this as somebody that's not
a gang member, and you have to remember with gangs.
Speaker 1 (19:48):
They also have rivals.
Speaker 2 (19:50):
So just because this one person is getting a certain
amount of like community, notoriety or publicity or exceeding, they
have enemies. In addition to what he was doing is
he had sort of like an entertainment wing where he
was managing a lot of artists and not the least
of which was Nipsey Husk because Nipsey was also a
(20:12):
Rolling sixty cript. Now, there's a tradition in California called
checking in. Now, I remember in Detroit they used to
have like the no Fly Zone, Like this was a
famous thing in Detroit where they told rappers like don't
come here, and before if you gonna come here doing
the show here, we need to make a percentage. You
need to put one of our artists on every time.
And if I see you have a show. If I
(20:34):
see your name on a flyer and it ain't no
Detroit artists on here, I'm taking your whole bag and
we taking over the show.
Speaker 1 (20:39):
OLG and Detroit charged the tariff.
Speaker 2 (20:41):
If you are coming here to make some money off
your music, you need to put our artists on your bill.
And if you don't, I'm shutting down and I'm taking
your money.
Speaker 1 (20:50):
Just check in with us.
Speaker 2 (20:51):
We'll make it work out so that now this is
mutually beneficial. Our guys are making a little more money.
You know what I'm saying, You're because you're not just
gonna use our city to fill your pot. Check it
in out here. I bring up big you because uh
he had a podcast called checking In, and he talked
often about the importance of when you come to California,
(21:12):
you have to check in. Now what that sould to
to these young dumb rappers who are trying to who
want to get you know, they want to go down
to the hood and you know, you want to shoot
a music.
Speaker 1 (21:22):
Video down there. You want lo los, you know what.
Speaker 2 (21:24):
I'm saying, Like you want to you want to you know,
you know what I'm saying. You want to look like
you outside like you like you real out here. But
most importantly, you don't want your chain snatch. You don't
want to get robbed the second you get to the hotel.
Because here's the thing. The person parking your car don't
live in Beverly Hills. That person live in Compton. You
think he ain't see you come off that car shining.
You think he ain't called the hummies to set you up.
(21:46):
You think that man don't know what room you in
because you had to give him the room number check in.
So it's supposed to be that like, okay, so hey,
I'm coming, you got me and make sure Like now,
you got to remember you checking in with a man
that's a total stress. He don't know you, but you
know you coming in here with bands and you're finna
make bands. So I made this joke before. It's like,
(22:08):
you know, you get put on you, you run twenty
racks of the hood. You can shoot your video down here. Yeah,
we'll make sure, we'll make sure you don't get robbed
by us. But then but then what the streets do
They called a set down the road, give them the
access code, they rob you, and then we split it.
Speaker 1 (22:23):
So you paid us to let you do this. We
tried to protect you.
Speaker 2 (22:27):
You mess around and win somewhere else you wasn't supposed to,
and them niggas robbed you. Now you don't know that
we sent them niggas over there, but like if of
course he gonna and then you who you gonna call?
Schoolboy Q has a great interview when he was on
Drink Champs A buy all y'all niggas want to check in?
Speaker 1 (22:45):
Everybody?
Speaker 2 (22:45):
Will I say our favorite thing, y'all want to check in?
You think this man who got enemies, That's what I
mean by like remember like you from it. If you're
from a set, your set as enemy, you think those
enemies are just gonna let you extort the dude when
he come into town. You think that man really like it?
Why would he protect you? He gonna rob your dumb
(23:06):
ass like that was the theory.
Speaker 1 (23:09):
You know what I'm saying.
Speaker 2 (23:10):
Now, Far be it from me to speak out my
neck about stuff I don't know. I don't know anything
about really what happened with Big Yu. I know right
now he's under federal investigation for like a straight like
mafia style ring. Whatever he did. Listen, I don't want
to smoke. All I'm saying is, don't come to California
and pretend to be against It's going to cost you. Okay,
(23:34):
now that tariff might be the percentage you ran to
his hood, but it might cost you moting. That might
cost you your safety. So here's what the lesson is. Listen,
why do you even want to go down there?
Speaker 1 (23:45):
Anyway?
Speaker 2 (23:46):
Land in lax? Like schoolboys say go where is fun?
And like he say, get you something to eat, you know,
take it back to your hotel room, take your jewelry off,
go to the club.
Speaker 1 (24:00):
You know what I'm saying, and enjoy yourself. Why are
you trying to go to the hood? Like We're like,
why are you you don't It don't have to be
like that.
Speaker 2 (24:09):
Lesson I've learned a long time ago is if I
don't know nobody over there, I'm not going over there.
People have asked me a few times, have been like, hey,
can we do a thing where we can you show us?
Can you show us Compton? And I'm like, absolutely not.
I'm not going to drive you through Compton to show you.
Like I don't, I don't know nobody over there, Why
the hell would I take? You can come to my hood.
(24:29):
I know people over here, but no, I'm not sight seeing.
I mean, I'll take you you want to go see
you want to go see the Crenshaw in Slawson where
the mirror is. I'll let you go see the miral.
But we're not finna hang out in the sixties, like
what is wrong with you?
Speaker 1 (24:46):
Right?
Speaker 2 (24:46):
Okay, let me get back on topic. So you take that,
but you apply it to a country. Now another way,
like I said in the little social media breakdown, is
the idea of all the mechs gangs out here. Everybody
knows everybody pays taxes, and they all pay taxes to
the same people. I don't care what your gang is
(25:09):
except for one. But that's some hood. That's some hood
politics that y'all don't need to know about. If you
are going to sell to our people, you need to
pay a percentage to us first, and that money goes
into the government treasury, which brings us to Now, y'all,
America is ten trillion dollars in debt, I'm gonna say
(25:36):
that again, and slower America is ten trillion dollars in.
Speaker 1 (25:51):
Debt.
Speaker 2 (25:53):
Now, that can't possibly be one person's fault. That ain't
one president's faul. That's all of y'all. When you get
a credit card, you know why your credit card got
spending limits because of this ten trillion dollars, which you
(26:17):
would say that doesn't matter, because we make the money.
Why don't you just print a ten trillion dollar bill?
Now you got inflation now, I think in one of
the other ones I talked, tried to explain what inflation was. Basically,
if there's too much of it, it stopped having value,
right you mighty as Remember collecting baseball cards if you
ever did, or any sort of sports cards or pokemons
(26:39):
or Yu gi Oh's whatever. I don't care what the
hell you cat you collect, Remember when there's when there's
not a lot of them, they're a rarity. They're worth more.
It's the same with money. If it's too much money
going around, it loses its value. It doesn't buy enough.
That's over inflation. That leads into a depression. You walk
up with a barrel of dollars to try to buy
(27:00):
a loaf of bread. Everything costs more because the money's
not worth anything. Does that make sense? So you can't
just print it. You have to generate it in a
way that makes sense. You know, els talked about inflation
in terms of tariff I might be getting ahead of myself.
But uh, Ferris Bueller's teacher on Ferris Bueller's day off.
(27:20):
But it was the date that Ferris ain't go to school.
That's why he ain't learned this stuff. Wrote a clip.
Speaker 4 (27:28):
Nineteen thirty, the Republican controlled House of Representatives, in an
effort to alleviate the effects of anyone, anyone the Great Depression,
passed anyone, anyone the tariff Bill, the Holly Smoot Tariff Act,
which anyone raised or lowered, raised tariffs in an effort
(27:54):
to collect more revenue for the federal government. Did it work?
Anyone anyone knows effects. It did not work, and the
United States sank deeper into the Great Depression.
Speaker 2 (28:07):
See he tried to tell us, Now, what are other
ways you can make money? You generate money for the government.
You could either do land grants and bonds. You know
you're about those government bonds. And again this goes back
to the idea of imaginary money, where we get people
to invest in the government, where you buy whatever dollar
(28:28):
amount of a bond into the government, and then the
government's promising that you get a return on that investment,
and they cut you a check because you invested in
the government. However, you just invested in something that owes
ten trillion dollars, So I don't know why the hell
you would do that. So you got to find another
way to make some money.
Speaker 1 (28:46):
So if you the.
Speaker 2 (28:46):
Government, you like, where's all the bread going from? We're
not making it in taxes. I mean we could just
we could tax the wealthy more. I mean, we have
the highest concentration of billionaires. We've concentrated almost all of
the country's wealth to the top one percent of none
(29:07):
of which pay a fair share of taxes.
Speaker 1 (29:10):
I mean you could just, nah, why would we do that?
Why would we tax the people that have the money? Why?
Speaker 2 (29:18):
Why why would we do that?
Speaker 1 (29:25):
That's making sense.
Speaker 2 (29:26):
You should make billionaires pay taxes, might get our money back.
But nah, let's think of something else. Well, you gotta
find a way to make the money. So you make
the money by generating ways to make money. One of
those ways would be, Yeah, we need more jobs. We
(29:49):
need more jobs. You got to create the jobs. How
you create the jobs is you got to build places
for those people to work. Well, who're gonna pay to
build those places for people to work.
Speaker 1 (29:57):
The government. The government ain't got no money. How we
gonna do that?
Speaker 2 (30:02):
And especially if you're a traditional Republican, you try and
you try not to spend no more, but you're trying
to make mode but you don't like taxes.
Speaker 1 (30:10):
What do you do? Well?
Speaker 2 (30:11):
One solution was you find people that you ain't got
to pay a lot that was immigraci So we took
in a whole lot of illegal immigrants cause you ain't
got to pay them. You needed a workforce. The workforce
is going to generate this money that's gonna pay into
the system. But then you like, what are you talking
about the illegal immigrants? They don't pay taxes. They absolutely
(30:32):
pay teck.
Speaker 1 (30:33):
Are you paying attention? They absolutely pay teck.
Speaker 2 (30:35):
Anyway, So let's find the poorest people in the world
and make them pay the taxes rather than the wealthiest.
Let's keep moving because I'm still talking about terriffs, Y're
still talking about practice.
Speaker 1 (30:48):
So, but that's not gonna be enough money.
Speaker 2 (30:51):
What you gotta do because it's not enough if we
just selling this stuff to ourselves, it's not like we're
not getting nowhere. We need to be able to sell
it to other people. But if they already got it,
why would they buy it? Well, what do we have
that they don't, Well, let's sell that to them, right.
But what happens is if we are buying more from
(31:13):
the country that we're trying to sell to, we have
what's called a trade deficit. That means we buy more
than we sell, and that country's got a trade surplus
means they sell mode than they buy.
Speaker 1 (31:27):
That's our relationship with China.
Speaker 2 (31:29):
That's why your iPhone about to be thirty five hundred
dollars because we buy more products from them then we
sell to them.
Speaker 1 (31:34):
What they do buy from US is soybeans, which we'll
talk about later.
Speaker 2 (31:37):
But so the thought was, we need every country to
check in because every country ain't been checking in.
Speaker 1 (31:43):
They y'all just been out here.
Speaker 2 (31:44):
Like at first, the deal was like, if we're gonna
use the street thing, okay, listen, we'll send you.
Speaker 1 (31:50):
I'm gonna be as crude as possible, so please forgive me.
Speaker 2 (31:53):
You can sell us fentonyl if we could sell y'all prostitutes,
you can use our prostitutes if you send us fentinyl.
And you know what, no harm, no foul, it's easy.
It's it's an even trade that would be called terror
Free Trade Agreement like NAFTA. It's all good, and you
(32:14):
know these lines are stupid, like our borders or it's
like besides, like you know, it's like if you're growing
weed and you was growing opium and like it's like
it just if it grow. If it's growing at El Paso,
it's like nigga, which part of l Pasos, Mexico?
Speaker 1 (32:30):
Which part of it?
Speaker 2 (32:31):
Like it's like the borders, it's fine, we don't have
to like, let's just exchange the thing.
Speaker 1 (32:34):
Yohood, myhood. It's all good.
Speaker 2 (32:36):
Matter of fact, mylog was born in your neighborhood, so
it doesn't even like it's the same.
Speaker 1 (32:40):
It's all good.
Speaker 2 (32:41):
But what if you live in a neighborhood with just
some absolute crackheads and they won't fening on and crack
and like, so then now they like, oh we got oh,
we got all that. We could give you every drug
you won't yo people just buying it up and dying.
But meanwhile they only they not buying enough prostitutes for
you to make any money from. So you start looking
around and being like, you know, they getting real rich
(33:03):
off us.
Speaker 1 (33:04):
I know that's crude.
Speaker 2 (33:05):
But that's the point I'm trying to explain here America
looking around, like again I'm explaining what the tariff is,
and actually what Trump's thinking, right, So like, well, we
can't just let you come here and get rich dog like,
like I said, we're paying for all the infrastructure and
like we're obviously in debt.
Speaker 1 (33:21):
We need to figure out ways to make money.
Speaker 2 (33:22):
You're not buying this shit from us, so you're not
buying stuff from us, and you out here making money
because all our people just buy your stuff.
Speaker 1 (33:30):
So even if we tried to make.
Speaker 2 (33:31):
It, ain't nobody gonna like want to buy our shit
cuz yours is cheaper and better.
Speaker 1 (33:37):
But that's not the point.
Speaker 2 (33:38):
And we can't make it cheaper because we don't believe
in slave labor and because y'all so racist that you
don't want no immigrants.
Speaker 1 (33:46):
So like what we supposed to do?
Speaker 2 (33:49):
So they say, oh, I know, this is what we're
gonna do. We're gonna charge y'all if y'all want to
sell here. So if you're gonna sell products here, And
the way that Trump thought about it was what's the
percent up you are of us? Like if you got
five points up from us. Then I'm gonna charge you
ten points right so that it kind of even out.
Does that make sense. I'm trying to eve it out.
(34:11):
I'm trying to figure out how much money you making
off us and how much money we not making off you,
And I'm trying to like basically divide the two figure
out the number to decide what the terrair percentage is
for your particular country. Now, the reciprocal tariff is, what
are you charging us? Well, fu, I'm gonna charge you that.
What's your percentage? Well I want to do that percentage too.
You don't get to sneak mode office. The bottom line
(34:36):
is everything's made everywhere. Like have you been on the
planet in the last one hundred years? Everything's made everywhere.
There's no I use this example for there's no like.
There's not like a pancake mix of car. Like, there's
no batter that you just sit inside of vat and
then you come and then what pops out is your rivian. No,
it's like the seat cushion is made in Scandinavia, the
(34:59):
rivet is made in Canada, the tires is made in Wyoming.
I'm making these places up it's all made in different places.
Speaker 1 (35:08):
Even if you were to be like, we're.
Speaker 2 (35:10):
Gonna tear if we're gonna we're gonna tear iff cars
coming in from Japan, Well, the problem is if the
rivets that Japan uses are made in Pittsburgh, you just
screwed Pittsburgh because guess what, the Japanese manufacturer ain't gonna
buy the American made rivets because you just tariffed us.
(35:32):
So he's so, but the idea is generally this, if
you're gonna sell to US, I need a percentage of that,
and that money goes into the US Treasury to hopefully
pay down some of his debt.
Speaker 1 (35:48):
That's the first part of the plant.
Speaker 2 (35:50):
What he is hoping happens is it becomes so expensive
to buy stuff made everywhere else that it's going to
force people to shop in America. Because again this is
Trump's mind. If you think in a world that is
(36:14):
totally and unequivocally transactional, that we don't have friends, you
don't have homies, You just have convenient partners. If they
make it more money than we are and we lose,
not that we're not getting the service that we desire.
If you look at like I don't know anyone complaining
about the products they buy. I don't know anyone that
says we wish this costs more. But if your theory
(36:38):
is if you make it more money than me, then
I'm losing. I want to make more money than you.
You making more money off me than I'm making off you,
than I'm losing. That this is not fair. That's why
he would say the trade tariffs are unfair. We're gonna
make it fair. What he means is he needs to
make more money.
Speaker 1 (36:54):
Right.
Speaker 2 (36:54):
But if you notice these new tariffs didn't include Canada
and Mexico. Why because it's like you're untangling something that
you can everything's made everywhere. Most American made products are
also made in Canada, are also made in Mexico. Because
this because of the Free Trade Act between the two.
Like like I said, like if you building an if
(37:16):
you buying an American made boot, you understand I'm saying,
I don't know the leather, the leather and the rubber
is like the two things in the laces, Like that's
it's made in all three of our countries and then
assembled in America, and we get to say that's an
American made product, so yeah, you know, like you're you
really shooting yourself in the foot if you added these
tariffs cities two country because look like here, here's what
(37:37):
economists Pete Goodman said, who he's over at at the
New York Times. You could take that as whatever it
takes that, but he's the economists in New York Times.
The numbers are if you buy something from Mexico, like
let's say you bought something made in Mexico, like thirty
cents of every dollar was made in America. So like
of that product, like thirty cents on the dollar was made.
(37:58):
It was made here, even though it says made in
it's safe to say if thirty cents of each dollar
you spend was an American job. But if you buy
something from China, it's like three cents of it was
American made. So you see how even in a global economy,
in Trump's mind, you know what I'm saying, like we're
(38:18):
not making enough money. And it seemed like everything good,
it seemed like everything happy. But I feel like I
feel like y'all more happy than us. Yeah, we got
our stuff, I guess, but like my nigga, we need
we need this bread.
Speaker 1 (38:31):
I can fast forward to the end.
Speaker 2 (38:32):
A real answer is over consumerism. The real answer is
we need to stop buying shit at the level that
we buy in. Then everybody shuts up. Lema put that
to the side. His point is we need to make
shit here. If we make it here. Remember I say,
he's like kind of a nineteenth century guy like anyway,
so his thought is, I'm gonna read my notes over here.
(38:55):
If it costs too much to buy out of the country,
then eventually, not only does that make you look to
American manufacturers, but you also create American manufacturers, so the
business will boom. There'll be a job boom. Now you
get to train all these new workers and you create
new products, and everybody's happy, and there's new jobs, there's
(39:17):
new businesses.
Speaker 1 (39:19):
And we're not relying on everybody else.
Speaker 2 (39:20):
Because if you are a manufacturer, you understand even if
you tried to buy American products, that stuff we don't make.
There's some shit we just can't grow. Bananas grow in
tropical areas. You can have a GMO banana, but it
ain't gonna be right. Bananas grow in tropical regions no
matter what we no matter, I don't care what YO
tariff say, the soil don't grow that.
Speaker 1 (39:40):
You know what I'm saying.
Speaker 2 (39:40):
There's some stuff that just doesn't grow here. But then
there are other things that like, yo, maybe we can
now do we have the infrastructure for it? No, But
the hope is if we invest in our factories, if
we invest in things.
Speaker 1 (39:50):
Now.
Speaker 2 (39:51):
I know people mirror my favorite coffee cup company that
I always work with.
Speaker 1 (39:57):
They have steel.
Speaker 2 (39:57):
They're like, we tried to buy Americans deal. How much
that shit costs and it's not enough? Done, done done,
It's not enough. But the hope is we can make
our products here, have this job boom.
Speaker 1 (40:11):
That's what he's thinking. Is happening.
Speaker 2 (40:12):
If I charge him, If I make it too episode,
I eliminate y'all. I eliminate everybody else by getting him
off the board, by just making everything cost too much.
Speaker 1 (40:21):
That's the thought.
Speaker 2 (40:21):
Now counterpoint next, here we go. You know who made
(41:03):
the greatest counterpoint?
Speaker 1 (41:04):
You ready for this? Who made the greatest.
Speaker 2 (41:06):
Counterpoint for extreme tariffs is Ronald Reagan. I'm a plates clip.
Speaker 3 (41:12):
You see at first, when someone says let's impose tariffs
on foreign imports, it looks like they're doing the patriotic
thing by protecting American products and jobs, and sometimes for
a short while it works, but only for a short time.
What eventually occurs is first homegrown industries start relying on
government protection in the form of high tariffs. They stop
(41:35):
competing and stop making the innovative management and technological changes
they need to succeed in world markets. And then while
all this is going on, something even worse occurs. High
tariffs inevitably lead to retaliation by foreign countries and the
triggering of fierce trade wars. The result is more and
more tariffs, higher and higher trade barriers, and less and
(41:57):
less competition. So soon, because of the prices made artificially
high by tariffs that subsidize inefficiency and poor management, people
stop buying. Then the worst happens. Market shrink and collapse,
businesses and industry shut down, and millions of people lose
their jobs. The memory of all this occurring back in
the thirties made me determined when I came to Washington
(42:20):
to spare the American people the protectionist legislation that destroys prosperity.
Speaker 2 (42:26):
Did you follow what he was saying? I'm this is
the suspending reality stuff. It's the idea that if you
believe in a free market economy, then you think that
the competition between two different or competing companies will get
us the best product at the lowest price, because you're
(42:48):
fighting for our dollars. If you, by government decree, make
someone raise their prices.
Speaker 1 (42:58):
Then.
Speaker 2 (43:00):
You eliminate the need for competition. So this industry here,
these factories might grow, but it's not real growth because
your product's not better. You you made up this, which
means that if that tariff leaves, they get to go
(43:21):
back to their actual price. You following me, this isn't
really cheaper. The American product isn't really cheaper. It's not
actually better. It's only cheaper because your law made that
cost too much, not their manufacturing costs, your law did.
Imagine if you're at school and you make the basketball
(43:42):
team and you swear you the best hooper in the school,
let's just make it easier. You're in an elementary school
and you want to be the one that runs the fastest.
I'm the fastest kid at our school. Well that's only
true if the kids that are faster than you got
suspended or were not eligible and didn't make the grades.
(44:03):
Are you really the fastest, because once they suspension is over.
Once them kids get their grades up, then you not
the fastest kid. That's what he's trying to say. The
next problem with this is who actually pays the tariff?
Speaker 1 (44:17):
Right? So who's paying the tariff?
Speaker 2 (44:19):
Eventually, like we said, it ends at us, we pay
the tariff, right, But how it works is this. Let's
just say you got an etsy that's really popping, right,
and you use textiles made in China, and you like,
you right at that bubble, you right at that, like
y'all like, look, if we could get this weight off,
I got ten thousand orders waiting, like I'm almost there.
Speaker 1 (44:42):
I'm almost there. We almost crack it.
Speaker 2 (44:44):
But to get that shipping container off the docks and
load it into your truck, your courier service that's gonna
bring you. I noticed it because I had a coffee company.
So when that coffee I'm switching metaphors. But that coffee
from Ethiopia, which we had to pay Ethiopia to get
(45:05):
it off their shores. But that's not your problem. But
then once it got to America, I don't go down
to Long Beach and get the and get the container. No,
the courier service stuff which loads it into the freight
truck that brings it to our factory. It brings a
text I'll bring the coffee to our factory. So when
the government says there's a fifty percent tariff on this
(45:26):
from this country on that product, somebody got to pay
that bill or the stuff don't get off the shipping container.
Now you think China gonna pay that, that's one option.
But if China gonna pay that, and China like, I'm
not finna just lose, that's y'all's problem. I'm not gonna
lose my profits. I set my price based on how
much it cost us to make so we can make
a profit.
Speaker 1 (45:45):
Y'all.
Speaker 2 (45:45):
The one that I ain't paying that you pay that.
I did my part. You brought the product. Now what
you do with it, how it gets off the boat?
That's on y'all.
Speaker 1 (45:55):
I delivered it.
Speaker 2 (45:56):
So that means the people that's receiving it, it's gonna
have to pay. It's an American company. Now you think
that people that's receiving that company just gonna eat that cost,
or you think they gonna roll that into me or
into your Etsy thing that owns the textiles, you gonna
have to pay for it. That's one way, and if
I gotta pay for it. Look, I'm the small business, y'all.
(46:16):
Could I can't afford this, But I also can't afford
to just leave the shit at the docks. So what
I'm gonna do? I can't necessarily charge the consumer because
I'm a small business. You'll go somewhere else. You can
only sell so many things to your cousins. Eventually you
need customers you've never met. People used to ask, hey, prop,
(46:38):
why you haven't you put Terraform cobrew on Amazon. I'm like,
first of all, because they're evil, but secondly because I
can't afford it. I don't have enough. There's not enough
profit more, I can't afford it. I would lose a
dollar on every can that I sold on Amazon. I
can't afford it. Where there's more customers on Amazon, you'll
sell more. Do you understand? It's the sunken cost fallacy.
(46:59):
If I sell, if I lose a dollar on one can,
if I sell one hundred cans, it doesn't I still
lost the dollar on every can. So I lost one
hundred dollars, which you sold one hundred cans, but I
lost Are.
Speaker 1 (47:13):
You following me?
Speaker 2 (47:14):
So that means that somebody got to pay this extra
fifty percent. Some of the countries have decided to say, well,
how about we split this cost? Okay, everybody's losing, let's
split the costs. Now, who can eat that? Are your Walmarts?
Are your targets? They could eat that cost? It is
what it is.
Speaker 1 (47:32):
Are they going to eat that cost?
Speaker 2 (47:34):
No, they're going to spread it across multiple departments, right,
because is not Walmart just full of other products? You
just spread it. You have to pay for shelf space.
You just spread the costs among your ten thousand stores,
and you don't feel it right? Everybody else ain't got
(47:56):
that luxury? Is the other countries paying for it? No,
So eventually who pays for it is us? And again,
now back to Trump's hope is we're gonna be like,
I ain't paying for that. I'll buy this though, and
then you'll body American stuff. Now here's the problem with
him thinking that that's the answer. It's factories in this
imaginary Trump world are still created with parts made in
(48:19):
other countries, which you just teariff. So how we I
can't even make the factory because you just made it
too expensive to make the factory and also, we ain't
made stuff at that scale in years.
Speaker 1 (48:35):
We ain't got the railways for it. We ain't got
the roads for it. We ain't got the trucks for it.
We not ready for that.
Speaker 2 (48:45):
The thing he imagined, We're not ready for it. And
I don't know if you notice, everybody broke why nigga
inflation because the cost of stuff is not going up
with the cost of wages. Niggas ain't got houses.
Speaker 1 (49:00):
Like what do you like? What did you like? What
healthcare costs too much? It'd be different, it'd be different.
Speaker 2 (49:10):
Listen, my dog is sick right now, which God damn it,
I have to buy pet insurance.
Speaker 1 (49:16):
I hate this world anyway.
Speaker 2 (49:19):
That would be fine if our health insurance as a
family wasn't a trillion dollar but it is. And at
the end of the day, American stuff right now, if
we were to start right now, it just costs more.
It's just like, so the price difference really ain't gonna
be and ain't gonna be that serious. It's like, it's
still gonna be too expensive now. How other countries are
(49:40):
clapping back next? So the EU was like and the
(50:16):
rest of the world was like, oh word, reciprocal tarras. Okay,
bet now if you know us, if we like, all right,
bet that's a problem, like that means, oh it's finna
go down now. Our biggest trade partner is the EU,
because you have to remember, that's thirty five countries, right,
(50:38):
it's not just it's not it's thirty five countries. And
you know what they buy from us. They buy from us.
One of our biggest exports tech cloud services. Software. We
sell them Google, we sell them Oracle, we sell them Amazon.
We also sell them whiskey and motorcycles. So they basically said,
(51:01):
all right, this is what you're trying to do. Well,
what if we just that's a nice that's a nice uh,
that's a nice Silicon Valley tech industry that you got there.
It'd be shamed if anything happened to it. They could
basically be like, all right, you're finna tear for everything. Okay,
how about how about we tear if your cloud service,
which of course is a gamble because again they make
the most most cloud services. But it's not like China
(51:23):
don't make it. You think every you think they don't.
You think were the only people with the with server farms.
Right now, we might be the We might be the best,
we might be the top guy.
Speaker 1 (51:34):
But I tell you what not if you keep playing
like this.
Speaker 2 (51:37):
So that's one thing they said it was. And listen,
these tech folks. You have to understand corporations want predictability.
That's why the stock market acting crazy because remember the
stock market's imaginary. This is what we think something gonna
be work. When you start doing stuff that we can't predict,
niggas get scared, pull they money out. I'm not playing
no games. I don't want the smoke. Contranies don't want
(52:00):
the smoke. So now these tech oligarchs who are basically
making a brand new Versailles by just moving over there
and holding court or they everybody moving to DC so
you can be close to the president I mean the king,
I mean the monarch, I mean the dictator, I mean
the president. They moving over there to be close to
him because you're just trying to be trying to hold court,
game of thrones and shit, you got to be around
(52:21):
the palace to get what you want. My nigga, you
playing games with our money now, because if the EU
start tariffing Oracle, that's gonna be a thing. EU is
specifically twenty seven countries. I said thirty five because I
was being I was exaggerating. But in China, China buys
(52:42):
a lot of our soybeans because that's our thing we
got that they don't and they for show like soy
but guess what, they don't have to buy it.
Speaker 1 (52:53):
They say, okay, word, what if we tear if yo?
SOI thirty four percent. Maybe.
Speaker 2 (52:58):
Now, if Trump's concept of like this is just a
negotiation tactic, I'm just trying to get y'all to the
table by acting like this. If that's the thing, that's
quite a gamble. Because again, remember America, it's ten trillion
dollars in debt. And what this gamble means is if
(53:23):
it works, that's off. Because but if it don't work,
it's the nineteen thirties. But at the end of the day,
your Nintendo switched to ain't coming and your iPhone sixteen
plus Nigga, your iPhone seventeen is about to.
Speaker 1 (53:39):
Be three thousand, five hundred dollars TERFs.
Speaker 2 (53:44):
So how much your dollar costs the entire stock market?
Speaker 1 (53:49):
Hood politics?
Speaker 2 (54:03):
All right? Now, don't you hit stop on this pod.
You better listen to these credits. I need you to
finish this thing so I can get the download numbers. Okay,
so don't stop it yet, but listen. This was recorded
in East Lost Boyle Heights by your boy Propaganda. Tap
in with me at prop hip hop dot com. If
(54:23):
you're in the Coldbrew coffee we got terraform Coldbrew. You
can go there dot com and use promo code hood
get twenty percent off.
Speaker 1 (54:31):
Get yourself some coffee.
Speaker 2 (54:33):
This was mixed, edited and mastered by your boy Matt
Alsowski killing the Beast softly. Check out his website Matdowsowski
dot com.
Speaker 1 (54:41):
I'm a spell it for you because.
Speaker 2 (54:43):
I know M A T T O S O W
s ki dot com Matthowsowski dot com. He got more
music and stuff like that on there, so gonna check
out the heat. Politics is a member of cool Zone Media,
Executive produced by Sophie Lichterman, part of the iHeartMedia podcast network.
(55:05):
Your theme music and scoring is also by the one
and nobly mattow Sowski. Still killing the beat softly, So listen,
don't let nobody lie to you. If you understand urban living,
you understand politics. These people is not smarter than you.
We'll see y'all next week.
Host
Prop
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