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April 12, 2025 48 mins

Check The News with Jonathan

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Speaker 1 (00:25):
There's not a snowball's chance in hell the Canada will
ever be the fifty first.

Speaker 2 (00:30):
What's that you, mister American Ambassador.

Speaker 3 (00:35):
Canada going, Well, welcome to the Greater Houston.

Speaker 4 (01:01):
Actually, I don't think we're in the greater Houston, Texas area.
We're in actual Houston, Texas. I'm Jonathan Shuttlesworth. To fake
plants behind me to spice things up. We have a
lot to get to today, so we're gonna get ready
to it. Breaking the Truth on the Trump Tariffs China
strikes back victory for Doge. Fifteen Things the Master's Champion

(01:23):
gets is that the title that's on there is how
it looks on YouTube.

Speaker 2 (01:28):
Okay, you can make it readable, that would be great.

Speaker 4 (01:31):
Breaking the Truth on Trump's tariffs China strikes back victory
for Doge and fifteen Things the Master Champion gets life,
which I found interesting. Unless you live in a cave,
which many of you may, you are hearing the Trump
tariff stuff that it's going to collapse the economy and
we're going into a major recession.

Speaker 2 (01:48):
What's the truth?

Speaker 4 (01:49):
There are mixed reviews, but I wanted to cover it
from a variety of perspectives and find out the truth.

Speaker 2 (01:55):
So let's check the news.

Speaker 4 (01:58):
Legendary hedge fund Managery Daallyo on Trump's tariffs. I agree
with the problem, but I'm very concerned about the solution.
Longer video. If you don't know who this guy is,
I don't either. I just know that he is a
major guy in wealth management, and so you know, basically,
you're not going to find many anti Trump people or

(02:20):
pro Biden people in the finance world.

Speaker 2 (02:22):
They don't care.

Speaker 4 (02:23):
They want to they want to make money, so they
just read how things are going and react accordingly. So
you get pretty you'll get differences of opinion, but they're
not necessarily biased opinion roll it.

Speaker 5 (02:34):
Bridgewater Associates founder Ray Dallio, posting on LinkedIn and weighing
in on tariffs, he says it's more important to focus
on the idea that quote, we're seeing a classic breakdown
of the major monetary, political, and geopolitical orders. Sort of
breakdown occurs only about once in a lifetime, but they
have happened many times in history when similar unsustainable conditions

(02:55):
were in place. Joining us right now first on CNBC's
Bridgewater founder Ray dalli and thrilled to have you here.
On a morning when we're still trying to make sense
of what all these tariffs mean. Ray and frankly, how
all of this plays out, So to the extent that
you can help us with the history, or at least
the history lesson if you think there are parallels, How
does this play out?

Speaker 6 (03:17):
Good to see you, Joe, Andrew, Joe and Becky.

Speaker 7 (03:23):
I think that we don't understand how the cycle goes
because it comes along about once in a lifetime. But
there are orders, you know, there are systems, and the
systems break down for certain reasons, and a great cycles.
For example, there's a monetary system, and then there's a
debt cycle, and so as a result, we now have.

Speaker 4 (03:47):
You know, one man, I know this is not riveting
material and there's no show far as involved or prophetic flags.
But if you can discipline yourself to listen to this
social like this for an hour or so, you'll be
less of a moron.

Speaker 2 (03:59):
At the end, continue.

Speaker 7 (04:00):
Men's assets, and when you build these up and you
get to a point where you can't sustain that, you
have a debt issue.

Speaker 2 (04:11):
We have you're stuck.

Speaker 7 (04:13):
We can get into that. But there's a monetary cycle,
there's an internal political order cycle that takes us from
one political order to another political order, in which there's
then classically great turbulence between the left and the right.
And because of disorder, particularly in democracies, there's a lot

(04:34):
of fighting because there needs to be cooperation, compromise, and
so on. And we're in the process of changing that order.
In addition, we have the international world order. International world
order began in nineteen forty five. There's a war, you
win a war, the dominant powers get to set the rules.

(04:57):
That was a series of multilateral loosing things like the
United Nations, World Trade Organization, World bustinances, and the world debts,
and that multilateralism is then breaking down for unilateralism for
the same reasons. So there are these three orders related

(05:18):
to too much debt.

Speaker 2 (05:20):
Debt is money?

Speaker 7 (05:22):
Second internal order, how does our system work? Who's going
to get control of this problem? And then number three,
In addition of the five main forces. Of five main forces,
there's also throughout history climate acts of nature, droughts, floods,
and pandemics have killed more people and top of more orders.

(05:45):
And then there's also throughout history manage the technologies or
just creating this transformative result. The interactions of these.

Speaker 2 (05:55):
Guy's causing a recession in my interest is what going on.

Speaker 7 (05:58):
So if we look at tariffs, tariffs represent a dealing
with the imbalances. The imbalance means we have a tremendous
capital imbalance, jumping ahead trade imbalance, and select the whole
point of view that manufacturing is very difficult under this

(06:21):
sort of circumstances to create within the United States, yet
it's needed.

Speaker 5 (06:27):
So therefore, you agree with the president, you disagree with
the president. I'm trying to understand what the conclusion is here.
If the president is watching you right now, Scott Besson
is watching you right now, you're telling him what it's
a good idea.

Speaker 2 (06:40):
You're telling him abandon this idea.

Speaker 7 (06:41):
What he said, I agree with the problem, Okay, I
am very concerned about the solution.

Speaker 4 (06:52):
Okay, practical, interesting answer. I agree with Trump's assessment of
the problem. I'm very concerned about his solution. Continue of
the solution.

Speaker 7 (07:02):
In other words, I think that this is going to
create not only the problem the capital markets problem that
I'm talking about related to prices going up, cost going
cost going up, prices revenue going down, and capital problem,
but I also think that this is going to create

(07:24):
great sand in the gears of production worldwide. At the
same time, I do agree that this interdependency, this issue
of productivity in the world in which we have to
be competitive and productive and we're not competitive in producing things,
is a longer term problem, not an easy one, and

(07:45):
I do expect that it is going to have political consequences.

Speaker 2 (07:49):
This is the nature of the cycle.

Speaker 7 (07:52):
It is coming also at the same time as we
have a budget issue now. The budget issue is a
compro important isssue. So as we look ahead in the
months ahead, we have to get the budget deficit down
to three percent of GDP. I worry about that. At
the same time as this is happening. These are not

(08:13):
easy problems to solve. I'm concerned because the bigger problems exist.

Speaker 2 (08:20):
The debt exists.

Speaker 7 (08:21):
You can't get around that depemberver spending exists.

Speaker 2 (08:24):
You scare of that.

Speaker 7 (08:25):
You still have that competitiveness issue.

Speaker 2 (08:28):
These have repeated throughout history.

Speaker 7 (08:30):
We're in a period that's very much like the nineteen thirties.

Speaker 2 (08:35):
That's Misresspala. Good to see you. I was about to
check in on you. Let me know generally how you're doing.
In the comments.

Speaker 4 (08:42):
I love you man, continue, We should have never let
it get to this point.

Speaker 2 (08:46):
Here's the problem. The year two thousand.

Speaker 4 (08:50):
Those are bluer countries that have a larger trading that
the US is their largest trading partner, larger trading partner,
red is China is their larger trading partner. So look
at two thousand, look at twenty twenty four, and I'm
telling you Canada is probably close to flip and rent

(09:11):
on there.

Speaker 2 (09:13):
I mean, I mean, that's it.

Speaker 4 (09:17):
So yeah, while we were sleeping, China took the world over.

Speaker 2 (09:21):
Next. Oh, check me tonight.

Speaker 4 (09:24):
Spring First Church, April seventh through the eleventh, Monday to Friday,
seven pm one eight five to one, Spring Cypress Road, Spring, Texas.
They've been great meetings. My new book that I'm very
proud of, how to Prevail in Every Battle of Life.
I got the test copy with the new cover, how
to Prevail in Every Battle of Life.

Speaker 2 (09:43):
That's right.

Speaker 4 (09:47):
See you tonight, if you're anywhere in Louisiana, East Texas,
Central Texas.

Speaker 2 (09:51):
Come see me. They've been great services. See you tonight. Continue.
This man knows the market.

Speaker 4 (09:58):
He predicted the dot com bubble two thousand, Great Recession
two thousand and eight.

Speaker 2 (10:02):
The COVID bubble.

Speaker 4 (10:03):
Twenty twenty one, Howard Marks just went on Bloomberg and said,
tariffs are changing everything. Here's his latest warning. Go oh sorry,
this is let me see the tween. This is the
biggest change of seasons world War two.

Speaker 2 (10:18):
Roll it.

Speaker 8 (10:20):
This is the biggest change in the environment that I've seen,
probably in my career. You know, we've gone from free
trade or world trade and globalization to this system which
implies significant restrictions on trade in every direction.

Speaker 2 (10:45):
Nice.

Speaker 4 (10:47):
Global trade was the biggest driver of prosperity in the
last eighty years. Marx likens it to a wave that
lifted all boats.

Speaker 2 (10:54):
Roll it.

Speaker 8 (10:55):
I believe that the last eighty years since World War
two have been the best economic period in the history
of mankind, and one of the major reasons was the
growth of trade. And I think that we have truly
had a rising tide that lifted all boats, and trade
was a big part of that.

Speaker 2 (11:13):
And yes, keep it playing.

Speaker 8 (11:18):
Every country, for example, does some things better and worse,
and worldwide welfare is maximized when every country does the
things it does.

Speaker 2 (11:31):
Just the conists and you sells them.

Speaker 4 (11:35):
If you were worth a hundred million dollars but had
to look like that or have your current money and
look like you what do you pick continue.

Speaker 8 (11:42):
Countries that need them, which do other things and sell
them to other people. That's how trade works. And well,
I don't know if it's politically correct.

Speaker 2 (11:51):
There's no wrong answer.

Speaker 8 (11:53):
The good news is that the Italians make the pasta
and this watching check the news.

Speaker 9 (11:58):
We'll be right back after these. Message is.

Speaker 10 (12:03):
Welcome back to check the News.

Speaker 4 (12:07):
LUs has long argued that government red tape blocks progress.

Speaker 11 (12:12):
Roll it kind of a separate but related question, isn't
this all mooted by starlink?

Speaker 6 (12:20):
That can't they just do like?

Speaker 11 (12:22):
It feels like that they're that product is getting quite good,
and it's like, you know what, maybe actually give up
on the whole laying broadband everywhere?

Speaker 6 (12:31):
Look, well, am I wrong about I'm.

Speaker 12 (12:33):
Not a I think that you know, we did an
extensive amount of analysis about the right way of serving
these households, and if you look at both a technical
analysis and sort of a basic cost benefit analysis, trying
to lay fiber optic cable to as many of these
households as possible is the right way to go.

Speaker 6 (12:52):
It saves money in.

Speaker 2 (12:53):
The you're you're you're a liar.

Speaker 4 (12:56):
The most cost effective way rather than give everybody what
is are like four hundred bucks and then Elon must
say he would give like a massive discount if it
was to help.

Speaker 2 (13:05):
Roll or donate it or whatever.

Speaker 4 (13:07):
So we looked at the cost analysis and we found
the best way is to lay wires to every home
that doesn't have the Internet.

Speaker 2 (13:13):
You're lying.

Speaker 4 (13:14):
And then secondly, if you're worried about the cost, how
is it at forty two and a half billion dollars
spent and there's nobody that has the Internet?

Speaker 2 (13:21):
You lying, bastard?

Speaker 12 (13:23):
Keep going long term. It's basically a future proof product.
You do it now, you don't have to come back
in five or ten or fifteen years.

Speaker 2 (13:29):
Plus.

Speaker 4 (13:30):
Yeah, if you lay broadband now, there'll be no technological
upgrades in five or ten years. You're basically set for life.
That's how technology works. Who is this guy? Where did
they find him? Keep going?

Speaker 2 (13:41):
He should be driving.

Speaker 12 (13:42):
Over whatever development's happened in the world of delivering internet
to people having fiber optic cable. Going to these houses
can do that right now, starlink, Sure it is a
pretty effective product.

Speaker 4 (13:53):
But sure it's pretty effective and could be done right
now at no cost. Having said that, I'm interested here
the second part.

Speaker 12 (14:02):
For one, it hasn't been shown to be able to
consistently deliver the kinds of speeds that you need.

Speaker 2 (14:07):
Boss to do.

Speaker 4 (14:08):
What it can consistently deliver it better than the nose
speed they're getting right now when you haven't delivered your
product in five years, You shmuck.

Speaker 2 (14:15):
Keep going, talk.

Speaker 12 (14:16):
About stream video, do telemedicine, all the stuff that we
actually want to do to make sure that rural communities
are fully linked into the economy. Second of all, I
don't know about you, but.

Speaker 2 (14:26):
You're so full of crap.

Speaker 4 (14:29):
I'm sure this guy's sitting up at night hoping the
rural communities are linked into the economy. You wanted to
make a forty two and a half billion dollar deal
so everybody can get paid, and nobody gets the internet,
but everybody is swimming in government money.

Speaker 2 (14:44):
You lying bastard, Keep going.

Speaker 12 (14:46):
I would have real concerns about putting internet access for
ten to fifteen twenty million households completely in the hands
of one guy who's already shown but he's willing to
take the network on and offline depending on his own
personal wins and so I think that that's a concern yet.

Speaker 11 (15:04):
And also there's there's a limit to how much junk
you can have flying.

Speaker 6 (15:08):
Up there completely.

Speaker 2 (15:08):
There's that too.

Speaker 4 (15:09):
Oh shut up those two. They should lock the studio
and put in some gas.

Speaker 7 (15:14):
Uh.

Speaker 4 (15:15):
I don't know if you can say that on YouTube.
They amputated their own legs on this.

Speaker 6 (15:21):
It immense.

Speaker 1 (15:22):
Then there's a series of court cases. And so for
a roal broadband, for instance, what you end up having
is a fourteen stage process, Like there's a period where
the Commerce Department needs to drop a map of which
parts of the country don't have the right amount of broadband,
and then there's a challenge period on the map.

Speaker 2 (15:40):
And is that at the end of it there? Oh yeah,
let's let's let's keep going on.

Speaker 6 (15:50):
That one immense.

Speaker 1 (15:53):
Then there's a series of court.

Speaker 2 (15:54):
Cases like and the next one in the thread.

Speaker 4 (15:59):
Internet excess isn't just convenience, it's opportunity.

Speaker 2 (16:02):
Next.

Speaker 4 (16:05):
What's remarkable is Stuart's willingness to cross political ends.

Speaker 2 (16:08):
I agree, I like him for that.

Speaker 4 (16:08):
Typically aligned with progressive causes, he now acknowledges what many dismissed,
the truth about government inefficiency transcends partisanship. The evidence became
too overwhelming to ignore.

Speaker 2 (16:18):
So there, Yeah, there's one more.

Speaker 4 (16:20):
At least, Klein pointed out, this wasn't just a failure
of execution.

Speaker 1 (16:24):
Roll it Okay, at this point, it's forty seven of
the fifty six, so we've just lost nine of the applicants.

Speaker 2 (16:33):
My hair was.

Speaker 13 (16:34):
Dark when we started this process.

Speaker 2 (16:37):
I was a young, healthy man.

Speaker 13 (16:40):
I had the bone density of a sutainless Demi.

Speaker 14 (16:44):
Vo two max was amazing.

Speaker 13 (16:46):
I didn't need any supplements. This is and by the way,
I want to make sure that everybody understands each one
of these steps. I'm sure, and pardon me if I'm
being presumptive here or presumptuous. Each one of these steps
has an amount of time. Yes, they write into so

(17:06):
in other words, it's a ninety day waiting period for
these challenges.

Speaker 2 (17:10):
It's a one.

Speaker 13 (17:11):
Hundred and twenty day review process. Correct challenge, Like there's
already without anybody even submitting anything that they could have
seen on a macro level, you're two and a half
years of nothingness.

Speaker 4 (17:28):
Will the government spends years on pay for it? Companies
like Starlink deployed solutions in weeks. This raises questions about
whether bureaucracy is intentional.

Speaker 2 (17:36):
Course, it is questions.

Speaker 4 (17:38):
By keeping access complicated, information flow or men's controlled.

Speaker 2 (17:41):
That's right, continue.

Speaker 4 (17:44):
Stewart's realization reflect the growing consciousness.

Speaker 1 (17:49):
Next, so except for being annoyed, there's construction.

Speaker 2 (17:52):
You can go to the next this how to keep going.

Speaker 15 (18:01):
Roull It will refer to ourselves as tech tech support.
You know, we're really helping the department get a handle
on things. Because what actually happens here is you've got this,
this sort of vast federal bureaucracy, and then you've got
a very thin layer on top of the of the

(18:23):
politically appointed officials. And what has happened democracy, frankly, is
eighty or the politically appointed people. I'm sure you must
have seen that.

Speaker 6 (18:39):
I've lived with this twice.

Speaker 16 (18:40):
I've worked for many years ago, and I worked for
Trump in the first term.

Speaker 17 (18:44):
It's like a permanent bureaucracy, I might add, it's a
permanently liberal bureaucracy.

Speaker 2 (18:49):
Yes, very much so.

Speaker 8 (18:50):
And it doesn't it's it's not a bureaucracy that necessarily
enforces or implements presidential policy.

Speaker 6 (18:56):
They don't.

Speaker 15 (18:57):
In fact, they tried their best to thwart to president policy.
So the president is the elected representative of the people.
And if the president cannot get things implemented as a
reflection of the well of the people, then what we
have is not a democracy. We have a bureaucracy. We
have rule of the bureau, not rule of the people.

(19:17):
And that's what we're trying to defeat. Here is the bureaucracy,
and have rule of the people.

Speaker 4 (19:25):
And I just want to say, if you're going to
go back to me, I'm done with this threat. If
you're a liberal, you have some explaining to do because
you went from occupy Wall Street, pro electric car to
now just because you hate Trump. You're burning electric cars
with gasoline and you're pro Wall Street.

Speaker 2 (19:43):
You're upset that the stock market's crashing. I don't get you.

Speaker 4 (19:47):
I guarantee if Biden was in office or Kamala Harris
and Wall Street was crashing, you guys would all be
popping champagne. You hate those people, so pick aside. Next,
this is Kevin O'Leary. This This by Kevin O'Leary is
on point. This is my friend Yoseeka Sttinger. I love
this guy.

Speaker 2 (20:07):
Roll it.

Speaker 18 (20:08):
One hundred and four percent. Tariffs in China are not enough.
I'm advocating four hundred percent.

Speaker 2 (20:13):
I do business in China positive.

Speaker 4 (20:16):
If you watch this with me, this show, you'll know
what's going on with tariff's. I'm giving you every side
I'm not. This is not a Trump apologist show or
Trump attack show. I'm showing you a bunch of top
billionaires and hedge fund managers and what their take is
on what's going on and what's going to happen in
the future. So you'll at least know rather than just
knowing what cat Turn said.

Speaker 2 (20:38):
Keep going the rules.

Speaker 18 (20:39):
They've been in the WHO for decades. They have never
abided by any of the rules they agreed to when
they came in for decades. They cheat, they steal, they
steal ip I can't litigate in their courts. They take product, technology,
they steal it, they manufacture it and sell it back.
Here never has an administrator. I want Chi on an

(21:01):
airplane to Washington to level the playing field. It is
not about tariffs anymore. Nobody has taken on China yet,
not the Europeans, no administration for decades.

Speaker 2 (21:13):
US as someone.

Speaker 4 (21:14):
You hear what he's saying, and those are serious charges
to Levy on television China steals people's products and resells.

Speaker 2 (21:21):
Them to the US.

Speaker 4 (21:21):
And if you can't sue them for Chinese courts. Everybody
knows that, continue one who.

Speaker 18 (21:28):
Actually does business there. I've had enough. I speak for
millions of Americans who have ip that have been stolen
by the Chinese.

Speaker 2 (21:37):
I have nothing to intellectual bronx people.

Speaker 18 (21:40):
They brought great literacy, art, and tech to the world.
The government cheats and steals, and finally, an administration. You
may not like Trump, you may not like his style
or his rhetoric. Finally an administration that puts up and
says enough for one hundred percent tariffs. Tomorrow morning, he'll

(22:02):
tell you why. She can only stay the Supreme leader
if people are employed, if we wipe out any business there.
Because we are still thirty nine percent of all consumables
on Earth and twenty five percent of the world's GDP,
America is the number one economy on Earth with all
the cards. We will not have that forever. It's time

(22:23):
to squeeze Chinese heads into the wall.

Speaker 19 (22:26):
Now, okay, I hear you, but hold on.

Speaker 4 (22:29):
If we're quite a way to phrase it, I'm to
squeeze Chinese heads into the wall. And even me would
have gone with different terminology. Keep going talking.

Speaker 19 (22:37):
About people, the average consumer, not necessarily the head honchos
of businesses all across the globe. Can they withstand the
pressure of that sort of tax.

Speaker 13 (22:48):
On the goods lived?

Speaker 2 (22:50):
There will be?

Speaker 18 (22:51):
But yeah, but.

Speaker 19 (22:51):
What's your timeline compared to You don't know the average
Americans timeline what they can actually survive.

Speaker 20 (22:56):
There's people right now.

Speaker 10 (22:57):
Who can't survive one hundred percent.

Speaker 18 (22:59):
Tomorrow morning, she's on an airplane to Washington to cut
a deal.

Speaker 2 (23:02):
Next victory for Doge.

Speaker 4 (23:05):
An appeals court reinstates access to personal data. So Trump
won a victory in the Supreme Court two days ago,
and now Doge gets access back to personal data. Next
all the way. Next, Oh, there's my wife. If you're
a lady and you'd like to get mentored by who

(23:27):
I consider the greatest lady in the history of the world,
rtcregister dot com. It's free. There's not tears where it's free.
And then if you really want to talk to her,
you have to pay a monthly fee.

Speaker 2 (23:37):
It's free.

Speaker 4 (23:38):
Next Jamie Kennedy, The fifteen Things a Master's Champion Gets.
I was curious about exactly what comes with winning at Augustus.
I researched it and came up with a list of
everything that comes with a master's victory in twenty twenty five.
The Green Jacket, a tradition started in nineteen forty nine
inspired by members of Royal Liverpool the.

Speaker 9 (23:56):
Color watching check the news. Well, be right back after
these messages.

Speaker 10 (24:03):
Welcome back to check the news.

Speaker 4 (24:08):
Okay, this was on a morning show in Africa. This
is a pastor roll it.

Speaker 21 (24:14):
I am one of the women of God who thinks
that before you marry a man you must see his finish.

Speaker 2 (24:21):
You must see it, you must hold it, you must
feel it. And this show is working. Why are you
being like uncomfortable that? No?

Speaker 4 (24:31):
I have you know in that Ladies defense a lot
of times, So if you say that at eight in
the morning, it will kind of like cause people to
just be quiet.

Speaker 2 (24:41):
I would say it anytime of day.

Speaker 4 (24:42):
If you just blurt that out, it's gonna generally get quiet,
unless you're on the set of the Howard Stern Show
or I don't know, why are you being uncomfortable?

Speaker 2 (24:52):
I don't know that's a pastor giving the device.

Speaker 5 (24:56):
Continue, Yes you do, let me drink water.

Speaker 2 (25:05):
Memanhaus means best to look with your ministry.

Speaker 4 (25:11):
Next, if tariffs are so bad, why are Chinese stocks
rallying today?

Speaker 2 (25:17):
Next? Scott Bascent issues new declaration roll it.

Speaker 20 (25:24):
For too long, financial policy has served large financial institutions
at the expense of smaller ones.

Speaker 12 (25:31):
No more, No more.

Speaker 20 (25:36):
This administration aims to give all banks the chance to succeed,
whether it's JP Morgan or your local mortgage and loan.

Speaker 6 (25:45):
It aims to get.

Speaker 20 (25:46):
Capital to Americans who need it by getting bureaucracy out
of the way. For the last four decades, basically since
I began my career in Wall Street, Wall Street has
grown wealthier than ever before, and it can continue to
grow and do well. But for the next four years,
the Trump agenda is focused on main Street. It's main

(26:08):
Street's turn, It's main st turn.

Speaker 4 (26:11):
So this is all the stuff Obama people said, So
what's the problem.

Speaker 2 (26:16):
Do you remember that? I remember?

Speaker 4 (26:17):
Do you remember crushed Wall Street? Occupy Wall Street? Bring
down Wall Street? And That's what Trump's policy actually is.

Speaker 2 (26:25):
Now.

Speaker 4 (26:26):
I don't actually care what's happened to Wall Street. I'm
focused on main Street consumers. Somebody wrote in the comments
ten percent of people own ninety three percent of stocks.
So why are you rallying against Trump if you're a liberal.
I don't get it. That's that's Obama's stated policy. Next,
I mean, keep going to hire workers.

Speaker 20 (26:48):
It's main street's turn to drive investment, and it's main
street's turn to restore the American dream.

Speaker 2 (26:54):
Next.

Speaker 4 (26:56):
Today we're at eight one hundred and eighteen percent tariff
China vers one hundred and four percent tariff USA. Global
growth will collapse with two largest economies not buying or
selling anything to each other. It's an epic disaster for
countless number of companies, domestic and international. That's a stock
analyst that I listened to, Jaguarre Analytics, East versus West

(27:17):
economic war. I agree with that East versus West economic war.
I don't think that that people are going to stop
producing the and global economy is going to slow down.

Speaker 2 (27:26):
No chance. Next.

Speaker 4 (27:29):
On October nineteenth, nineteen eighty seven, the Dow fell over
twenty percent in one day. Financial markets did not seize up.
No lingering crisis. My gosh, everyone, what are you so
freaked out about? I think it's because everyone was a
dip buyer, put all their assets in seven stocks and
think markets only go one way.

Speaker 2 (27:47):
Brian Westbury.

Speaker 4 (27:49):
Next, JP Morgan's Jamie Diamond predicts that a US recession
is likely. Disagree. Next, it defends depends that you define it.
Do you personally expect the recession? Jamie Diamond roll it?

Speaker 9 (28:05):
So?

Speaker 17 (28:06):
Are you hearing that from CEOs as well? In terms
of business managers? Are they now going to start pulling
it in and cutting back on various expenses?

Speaker 6 (28:14):
I think you can see a little bit of that, yes, yeah.

Speaker 17 (28:17):
But how significant would you expect that? Do you personally
expect the recession?

Speaker 22 (28:21):
I am going to defer to my accounts to this point,
but I think probably that's a likely.

Speaker 17 (28:26):
Outcome because markets, I mean, when you see a two
thousand declined, two thousand point decline, it sort of feeds
on itself, doesn't it, Because it makes you feel like
you're losing money in your for own k, you're losing
money in your pension.

Speaker 21 (28:39):
You got to cut back?

Speaker 2 (28:40):
Yeah?

Speaker 22 (28:40):
Why always remind you know, markets aren't always right, but
sometimes they are right, and I think this time they
are right because they're just pricing uncertainty the macro level
and uncertainty of the micro level at the actual company level,
and then how it affects consumer sentiment. It's hard to tell.
You know, consumers still have jobs, wages are going up to.

Speaker 6 (28:58):
The low end, which I think is a good thing.

Speaker 22 (29:00):
But if companies start cutting back, yeah, the consumer sentiment
changes and business sentiment changes. I think you've already seen
business centiment change.

Speaker 6 (29:06):
A little bit.

Speaker 22 (29:07):
Hopefully you know, no one's wishing for that, but you know,
hopefully if there is one, they'll be short. But but
I do think fixing these tariff issues and traders would
be a good thing to do. That will get one
major unserty behind us. We have the strongest cime in
the world. It'd be good not to add to the
uncertainty out there.

Speaker 2 (29:25):
Nice. Oh join me on YouTube. Well that's one of a
nice graphic you made.

Speaker 4 (29:30):
We're at ninety five to one, heading up to one
hundred thousand. Thank you if you've not subscribed for doing so,
right now next.

Speaker 2 (29:38):
Roll it.

Speaker 20 (29:38):
So.

Speaker 22 (29:39):
Yeah, I think you're going to see a slow down.
I think the economics are probably right to say that
you should expect that.

Speaker 17 (29:44):
Well, how significant is slow down? I mean, are you
seeing defaults?

Speaker 6 (29:47):
Not yet, but I expect them.

Speaker 22 (29:50):
And the other thing, which we haven't had any slowdown
or real recession and COVID is so short I almost
don't include it, and so long that if you have
rates going up a little bit, inflation is sticky, and
credits breads are gapping out, which they're going to. I
think you've seen more credit problems than people have seen
it a long time, Yes, Ben Shapiro, roll it.

Speaker 21 (30:09):
The most obvious manifestation of debate inside the administration is
coming courtesy of you.

Speaker 2 (30:13):
Let me add pro vax.

Speaker 4 (30:15):
You're an idiot if you don't get the vaccine pro lockdown,
Ben Shapiro. Everybody's conservative friend that would full out COMI
during the lockdown continue.

Speaker 21 (30:25):
The most obvious manifestation of debate inside the administration is
coming courtesy of Elon Musk. Elon happens to be one
hundred percent right I about this. So Elon Musk is
ripping into trade advisor Peter Navarro. Navarro is a big
TERRORF advocate. He's been in a big TERRORF advocate for years,
and the Tesla CEO ripped. Peter Navarro is someone who
ain't built bleep and then when asked about his Harvard

(30:46):
phg in economics, he said that's a bad thing, not
a good thing, and then he posted a quote from
economist Thomas Soula Narry disaster throughout American history, there always
seems to be a man from Harvard in the middle
of it. He then suggested, and Navarro had an access
of self confidence. Writing quote results in the ego brains
greater than one problem. Meanwhile, plus Musk himself, you're.

Speaker 4 (31:09):
Not gonna hear me give this advice once as a pastor.
But Ben Shapiro, to help his career, should start smoking.
I mean, like like four packs a day, get himself
a nice Jack.

Speaker 2 (31:21):
Buck voice.

Speaker 4 (31:22):
More of us of the Saint Louis Cardinals, it would.
I'm telling you his viewership with Skyrocket keep going justin.

Speaker 21 (31:29):
And he wants a zero tariff situation, which again, this
is the this is the good explanation for why you
would do the tariff game. I urged the President to
do precisely what Musk is saying here, go to zero
with all these countries.

Speaker 12 (31:41):
Go to zero.

Speaker 2 (31:41):
That's a win.

Speaker 21 (31:42):
Take the win.

Speaker 2 (31:42):
Move on, Hey, I'll.

Speaker 4 (31:44):
Be good for the Don't mean to call you dummy,
Ben Shapiro, to go to zero with the countries. What
do you have to do? What's he supposed to do?
Drop it to zero where it's already go. Hey, guys,
can we also have zero? This is how you would
get it to zero. We're early in. Take a weed
whacker to your eyebrows.

Speaker 21 (32:03):
Keep going tonomy, good for you. You flex your muscle. You
to flex American muscle. That would be good. Here is
Elon Musk.

Speaker 15 (32:09):
I'm hopeful, for example, with the tariffs that that at
the end of the day.

Speaker 4 (32:14):
Why do we have a sign language lady? Sometimes and
sometimes either always have them or don't.

Speaker 15 (32:19):
Have ideally, in my view, to a zero tariff situation effectively, Chris.

Speaker 2 (32:23):
So if you're hearing imparative, you have eagle eyed vision.
You can watch the.

Speaker 12 (32:29):
Fighting back.

Speaker 21 (32:30):
Here was Peter Navarro on Fox News trying to push
back against Musk.

Speaker 16 (32:34):
I mean, look Elon, look Elon when he's in his
doge lying his great But we understand what's going on here?
Do we just have to understand? Elon sells cars and Texas.

Speaker 4 (32:47):
A little over simplistic. Elon sells cars. What do you
sell like Bob Barker's alcoholic brother.

Speaker 16 (32:54):
Keep going this assembling cars that have big part of
that car from Mexico, China. Batteries come from Japan or China.
The electronics come from Taiwan, and he's simply protecting his
own interests as no person would do.

Speaker 21 (33:14):
Okay, So open battle between Elon and Navarro. Navarro's wrong,
Elon is right. It's that simple. The reality is that
Navarro's trade prescriptions, which is this giant trade war where
he believes the tariffs are in of themselves good, not
against zero, they in and of themselves are good. That
is a That is a bad economic policy.

Speaker 4 (33:29):
Shut up next, JP Morgan. We have the best economy
in the world.

Speaker 22 (33:34):
Roll it huge complex geopolitical situation, huge fiscal deficits, but
around the world sticky inflation which I personally think will
not go away so quick. And then you have you know,
what's gonna happen to tarists, what's gotten to trade? What's
gonna happen? So you know, terrorists and trade are just
part of that mix.

Speaker 2 (33:51):
They're not.

Speaker 6 (33:52):
They don't completely stand alone.

Speaker 17 (33:54):
Right, So what do you think about the tariff plan?

Speaker 22 (33:57):
I think it is perfectly reasonable for someone to say
the trade was unfair. There were unfair trade things, and
remember it's not just tariffs, it's tariffs. I think they
have the that wrong. How they understand it, and I
think they should really get a better understanding to make
it easy to negotiade.

Speaker 6 (34:12):
But there are all these non.

Speaker 22 (34:13):
Tariff barriers around food and energy and then subsidies, which
you know China's fame is for. So it's totally reasonable
say I didn't want to make trade.

Speaker 2 (34:21):
Yeah, you know what America is.

Speaker 4 (34:22):
America has so much money because we print it that
we became like a rich guy getting the bill at
the restaurant. Remember when you were like nineteen getting a
bill at a restaurant. Wait a minute, I only got
one PEPSI take this back. Then you get some money.
They hand it to you. You don't even look sign
and tip, sign whatever bill comes.

Speaker 2 (34:41):
That's what everybody's doing.

Speaker 4 (34:41):
So he said, even though they're calculating that every country
was taking advantage of us, keep going better.

Speaker 22 (34:47):
But I also want to point out to the Americans
we have the best of cime in the world. Our
GDP person is eighty five thousand dollars. China's is fifteen
thousand dollars. So you got to put a little bit
into context. But you know, and then of course when
they put the tariffs and there's weighed me on what
people expected that will causal inflation, slow down growth. But
I hope what they really do is let Scott Bessen

(35:08):
when he's a professional negotiating. I know Japan, see I
gat a creed of Vietnam have called and then eventually
Europe get those things done quickly. If you want to
calm down the markets, show progress, no things, Scott take here's.

Speaker 4 (35:20):
A potential outcome that I think is a likely outcome.
You're going to start having a bunch of countries, tons
of them. We'll get to it on the show, have
already scheduled to negotiate. What do you think the market's
going to do if there's an announcement that twelve countries
have dropped tariffs against the United States and we've reciprocally
done so as well, what do you think that's going

(35:40):
to do? And then the US starts gaining reciprocal trading partners,
even if China is not.

Speaker 2 (35:47):
One of them.

Speaker 4 (35:49):
I don't know how much more pain can be baked
into the stock market.

Speaker 2 (35:53):
And I'm sure there is more, but I don't I
don't see.

Speaker 9 (35:57):
We're watching check the news. Well, be right back after
these messages.

Speaker 10 (36:04):
Welcome back to check the news.

Speaker 4 (36:08):
My man you'll see get step there. Hey Eric Erickson,
you claim that Trump's tariffs are attacks on Americans. If
this is the reality of tariffs, why would a other
countries retaliate for something Trump is doing to Americans too?
Why would they punish their own citizens with higher tax
Something's way off here calling him an idiot. Keep going, understand, beauty,

(36:39):
they love MS thirteen. They'll do anything in their power
to get them back in the country. They want them
flown back in. He wants nothing to do with THEOC,
but she will not let him go.

Speaker 2 (36:49):
Pelosi, They're gonna, please tell it, They're gonna kiss Bernie Sanders.
Are you you dinna get cud couple?

Speaker 14 (37:08):
Oh?

Speaker 2 (37:16):
Come on, nobody in the missed thirteen with today next
suppressed TikTok. Let's set on?

Speaker 4 (37:29):
Am I crying? Barstool founder Dave of Portnoye roll it.

Speaker 23 (37:33):
I went super viral when I said I lost seven
million dollars. I'd kill to be back to losing seven
million dollars.

Speaker 2 (37:41):
I haven't even looked.

Speaker 23 (37:41):
If I had to guessing down in these last three
close to twenty.

Speaker 2 (37:47):
Keep looking like ten fifteen percent of my net worth poof.
But I'm still here. That's the game. Am I crying?

Speaker 23 (37:54):
Am I like, Oh, whoa is me? I wish I
voted for Kamala? No?

Speaker 2 (37:59):
Do I wish this didn't go down like this? Yes?
Am I in this to make money? Yes?

Speaker 4 (38:04):
But it had to go down like this otherwise it's
gonna go down permanently.

Speaker 2 (38:09):
In the future. Next, we're gonna be learning Mandarin.

Speaker 4 (38:12):
Two cities, one event, Revival Taley International Camp Meeting.

Speaker 2 (38:15):
What no I've seen twenty twenty five.

Speaker 4 (38:16):
It's gonna be in Fort Worth and Pittsburgh this year simultaneously,
some speakers in one city some of the other. You
should register right now rtcregister dot com.

Speaker 2 (38:24):
Next, I'm sure that I love this take.

Speaker 4 (38:29):
I'm sure that a twice billionaire president with two long
time successful market players now treasure in commerce talking about
Bassent and Lutnik have absolutely no idea how the markets
and economy works, which is basically anybody's take that's afraid
about the future. He doesn't know what they know what

(38:50):
they're doing. These are expert market people. They do. Only
question is will they get undercut by idiots or Republicans?

Speaker 2 (38:58):
Suckers are conservatives?

Speaker 4 (38:59):
That is the you know where you're gonna have a
Republican dominated House and Senate. Say, you know, we're hearing
bad calls about our poll numbers, so we need to
we need to ruin Trump's plan. That's his only China
is not the threat. The Republican Party's the threat. Next, Peter,

(39:19):
I agree with you.

Speaker 2 (39:21):
This is a very funny tweet. Peter.

Speaker 4 (39:24):
I agree with you that the situation now is much
worse than what most people realize, and there is more
market economic pain around the corner. The problem, however, is
that you have called all twelve of the last two
market crashes. In other words, you got all these people. Now,
I told you the market was going to crash, Yes,
and you've been saying that every year for the last
twenty years.

Speaker 2 (39:43):
So you know you're just a Debbie downer. Next, for
the past okay, so we'll sum it up with this.

Speaker 4 (39:53):
For the past twenty years, the US has followed Kensian
policies Keenes Keynesian can I should know how to pronounce
that it's an economist, but I can't remember how to
say it. Kenesian policies designed to boost consumption and reduce saving.
We've also followed a low tariff policy. Other countries have

(40:14):
followed US subsidized to export high tariff and VAT policy
to produce their consumption and boost exports. In other words,
these countries have sold goods into the US and used
our Kinesian redistribution to do it. When the US taxes
producers and gives to consumers, consumption of imports goes up.
To end this craziness, why they need to find a
way to massively shrink the size of government, which they're

(40:37):
trying with DOGE. But it's very difficult or attack the
problem from a different angle. The Trump tariffs are an option. Yes,
they aren't free market, they aren't what America is believed in.
But they may bring down tariffs around the world. They
may force our Congress to stop doing the same thing
over and over again. They may just help fix the problems.
And that is a great way to close out our

(41:00):
understanding of what's going on right now. With tariffs, clear
our pallets, our mental palettes.

Speaker 14 (41:06):
Britt Gustmas, life moves really fast, and you can get

(41:31):
overwhelmed quickly with the expectations you have for yourself, the expectations.

Speaker 24 (41:37):
That others have for you, your inability to perform, your
belief in yourself, suffering. It creates anxiety, and it creates distraction,
and that's where the enemy wants us. What's the answer.
I tell the students I work with all the time
to do the next right thing. What is the next

(42:01):
right thing?

Speaker 25 (42:02):
Call out to Jesus, Pray to Jesus, read his word,
have a conversation with him. Wherever you are, peace will
start to creep into your life and you won't be
so overwhelmed.

Speaker 24 (42:17):
Do the next right thing, and then you can rejoice
in this day, be glad in it because.

Speaker 6 (42:23):
Of good God.

Speaker 7 (42:24):
Meet it.

Speaker 2 (42:24):
Father.

Speaker 4 (42:25):
Thank you for your hand that's on our life. Thank
you for lifting every issue of concern. Thank you for
your hand that's on this country. Thank you for a
supernatural twenty twenty five and a supernatural day today. Thank
you for your word that declares surely goodness and mercy
will follow us all the days of our life. We
receive that today in Jesus' name. Amen, if you've never
received Jesus Christ as your savior, I want you to

(42:45):
do that with me right now.

Speaker 2 (42:46):
Pray this prayer.

Speaker 4 (42:47):
Wherever you're watching me, say this out loud, Heavenly Father,
I admit that I've sinned.

Speaker 2 (42:52):
I repent.

Speaker 4 (42:53):
I believe in my heart you raise Jesus from the dead.
I confess with my mouth Jesus is Lord and my savior.
Right now I receive forgiveness by the blood of Jesus.

Speaker 2 (43:05):
I am saved in Jesus name. Amen. If you prayed
that prayer, Welcome to the Family of God.

Speaker 4 (43:11):
I would love to hear from you. I'm gonna send
you a Bible and two books to help you live
the Christian life. I just need to hear from you.
Do this right now. Revival Today dot com. Click, I
just got saved. Even if you're watching the replay and
get let's get it going. You know, you can live
in a relationship with God. You don't have to be
out and then. And I'm gonna help you with that.
I would love for you to join one of my

(43:31):
three churches, Revival Today Los Angeles Saturday nights at six pm,
Revival Today Church Fort Worth at nine am, and the
Mothership Revival Today, Church of Pittsburgh at eight and ten am.
There's the addresses. You can screenshot it or back it
up and pose it. But be with us this weekend
leading up to Easter. It's gonna be awesome. I will
be in the Houston, Texas area tonight at seven pm,

(43:55):
Spring Texas, Spring First Assembly of God, and that's tonight
seven o'clock address incoming.

Speaker 2 (44:03):
Then I want to give you an opper.

Speaker 4 (44:05):
There to Spring First Church eighteen fifty one Spring Cypress Road,
Spring Texas, seven seven three eight eight.

Speaker 2 (44:12):
And we do do that. Okay.

Speaker 4 (44:17):
Here's the two shirts I'm going to give you to
help us give like two of the best ever. That
one's great, that one's arguably better. Can't stand her.

Speaker 2 (44:34):
Thank you.

Speaker 4 (44:35):
That's my way. I think of how nice you're looking
those shirts. Thank you for giving today. Revival Today dot com.
I did the haircut Cynthia, the the guy I want
to commit to it. He only shaved down like a
little part right there, and my hair's too light to
show it.

Speaker 2 (44:52):
I tried, he like, wouldn't do it. Revival Today dot com.

Speaker 4 (44:55):
He click give now info Revival Today dot com at
rt GA at Venmo, Revival Today dot com, slash, PayPal, hashtag,
donate on Facebook, text give to seven five seven sixty.

Speaker 2 (45:08):
Seven if you want to mail a large check. Thank
you for your giving.

Speaker 4 (45:13):
Last week it was through the roof online giving was
was like a record setting Revival Today dot com or
sorry reval Today po Bucks seven, Prosperity Pennsylvania one five,
three two nine. And then when you finish, don't forget
to claim your offer at Revival today dot com. Claim
my offer. That's how we know where to send it
and what size shirt you take. Thank you for your giving,

(45:41):
don't miss tonight, and if you can help me get
the word out. Thank you for retweeting. Thank you for
sharing the church stuff on your on your social media.

Speaker 2 (45:51):
Let's pack out La Fort Worth and Pittsburgh for Easter.

Speaker 4 (46:02):
So Saturday night leading into Resurrection Sunday, you can spend
Easter with us at Arrival Today Church, Los Angeles, same
place as always at Angels Temple in Los Angeles. Then
I will be so I'll be in La Saturday night,
Pittsburgh Sunday. That's is there something Saturday at six pm?

(46:26):
What was the last graphic?

Speaker 2 (46:29):
Oh?

Speaker 4 (46:29):
I see Angels Temple, So yes, there's there. So there's
La West Coast. I'm going to some boring Cantata coming up.
We're gonna have like our best service of the year. Sunday,
April twentieth, ten am in Pittsburgh, Artcregister dot com that's
at the Higatt Regency Pittsburgh Airport. And then my father

(46:50):
making his first appearance since life support and he's back,
can't tell, I mean supernatural back from the dead Resurrection
service Friday, April eighteenth. That's Good Friday, six pm. And
then Sunday, so he's there for Good Friday. And then
he's there at nine am April twentieth, and that is
at the AMM and G. Carter Junior Exhibits, Hall thirty

(47:14):
four hundred, burn It Tandy Drive in Fort Worth, Texas.
A lot of words. What's our Good Friday in Pittsburgh,
No problem, just have it for tomorrow, so that'll likely.

Speaker 2 (47:33):
Be at one oh seven. I'm guessing. Thank you for
being with me today.

Speaker 4 (47:36):
I'll be on with you tomorrow and Friday, and I
will see you tonight to preach. I love you, Thank
you for attending, Thank you for giving. Together, we're changing
the world.

Speaker 2 (47:45):
I love you. See you soon,
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