April 2, 2025 • 31 mins
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Speaker 1 (00:01):
It's that time time, time, time, luck and load. Michael
Very Show is on the air. Yeah, I want you
to say what you put me in?
Speaker 2 (00:13):
Brother?
Speaker 3 (00:13):
Hey, I got bombs on the other line.
Speaker 1 (00:15):
But he say, yeah, show you the money, Show me
the money, Show me the money.
Speaker 4 (00:21):
Yeah. Yet, show me the money.
Speaker 5 (00:24):
That's it from you.
Speaker 3 (00:26):
Show me the money, Jared, Show me the money.
Speaker 5 (00:30):
Jared, Yeah. Show.
Speaker 6 (00:34):
Look at the unfair trade practices that we have. Fifty
percent from the European Union on American gary. You have
a seven hundred percent tariff from Japan on American rice.
You have a one hundred percent tariff from India on
American agricultural products. You have nearly a three hundred percent
terra from Canada on American butter and American cheese. This
makes it virtually impossible for American products to be imported
(00:57):
into these markets, and it has put a lot of
America is out of business and out of work over
the past several decades.
Speaker 5 (01:02):
So it's time for reciprocity. It's been a low load
time coming, Chase come.
Speaker 2 (01:18):
We've seen some of our most imbalanced trading partners come
forward and want to drop their tariffs. So by President
Trump pushing forward with a tariff plan, reciprocal tariffs. If
you drop yours will drop hours. We are already seeing
some of the worst defenders.
Speaker 3 (01:37):
Come down.
Speaker 5 (01:42):
Coming, Chase Come.
Speaker 2 (01:52):
President Trump's created a win win situation here. Either the
tariff barriers come down, the US can export more, trade
is fairer. It's always been free, but not fairer. And
then we or if they don't do it, we'll take
in substantial revenues.
Speaker 5 (02:10):
It's time coming, Chase come.
Speaker 4 (02:24):
We have to care about Americans. You know the global.
Speaker 7 (02:27):
View that says if I move car manufacturing out of Michigan,
out of Ohio to Mexico to Canada, doesn't that lower
our costs? It does, But what does it do to
Americans who live in Michigan and Ohio.
Speaker 5 (02:39):
You know what it does.
Speaker 4 (02:40):
It decimates their community.
Speaker 7 (02:41):
You lose a US steel from Pittsburgh, you are going
to blitz Pittsburgh and that whole community.
Speaker 4 (02:47):
So someone's got to care about these workers. Someone's got
to care about these people.
Speaker 7 (02:50):
And the combination of bringing that back, that manufacturing back,
or you don't want to bring it back, pay the
tariff on the way in the door.
Speaker 5 (03:00):
That time I.
Speaker 3 (03:04):
Could love be long nothing carry It's been.
Speaker 5 (03:16):
A long a longtime coming, but I know change all come.
Speaker 4 (03:38):
So Ramond that Savannah Guthrie clip we started the show
with this morning, can you see if you can dig
that back up? Sorry I should have told you you
have it. So this was how one of the large
communist media outlets today began the news of the day.
(03:59):
This is what's going on in America. This is the
sweeping sense of the American spirit.
Speaker 8 (04:06):
This.
Speaker 4 (04:07):
You know, if it was Christmas, you'd say, you know,
Americans are awakening to the opening of presents and meals together.
If it was well, you get the point. Well, the
sweeping story across the land was that Americans, are you
ready for this? Bracing for tariffs? Listen to this earth today.
Speaker 9 (04:30):
Is expected on employing good from all the.
Speaker 10 (04:32):
World, say effect immediately, consumers bracing into.
Speaker 4 (04:38):
The three Wait what bracing for the impact of the terraffts.
I hope you guys are doing okay. Here we are
the end of the first day of the Terroriffs Act.
It's you know, it's Winston Churchill would go out to
(05:00):
the top of ten Downing Street. He would go up
to the roof as London was being bombed. It was
an act of great valor, reckless, but an act of
great valor. And then once they put him into the bunker,
and they had moved him into a bunker, he would
go up there. And he insisted on going up every
night and reviewing, surveying or surveilling what had happened, taking
(05:26):
a measurement, a measure of what had happened to his
beloved London, one of the great cities in the history
of mankind, and he wanted to see the damage that
had occurred, and he would take stock of that. They
were being bombed every day. Buildings were being reduced to rubble,
(05:49):
fires were breaking out, body parts strewn across the road,
Families children left without their parents. They would and then
they would go back into their bunkers, and and the
as the as the as, the sirens would go off,
the spitfires would try to would try to meet the
(06:11):
Luftwaffe before they got to London. But but the Germans
had air supremacy at this point in the war. They
had great air supremacy, and the Spitfires just couldn't keep
up with them, and so they were trying to defend
their homeland. But sadly, this great city was being, and
so a lot of kids were sent out of London
(06:33):
out into the countryside to Devon or Nottingham, or or
Leicester or all sorts of other places, because it was
you didn't have the density in those places. So the
Germans couldn't couldn't bomb every square inch of of England,
so they stuck to where they could do the most damage,
the economic might and the commercial might, and the the
sophistication of the economic sophistication of London. So every day
(06:58):
uh Churchill would would have a broadcast where he would say, hey,
we got hit hard yesterday, but we're going to continue
to fight, hit Hartwin, continue to fight, and the people
would then brace for the Luftwaffs attack on them. And
I think that's what Savannah Guthrie is trying to call
to mind here is the American people are suffering an
(07:21):
awful onslaught as a result of Donald Trump's tariffs. Listen
to this.
Speaker 10 (07:29):
Earth today is expected and imported from all around the
world immediately.
Speaker 4 (07:36):
And three, how did y'all do today? What I'm telling
you is safe to come up for air. Could you
just send me a message? And how did you do
with all these new taxes? And and everything, and did
are you starving to death out there? Are you so
dehydrated you don't have fresh drinkable water? I mean, where
(07:59):
what is situation? Are you bracing from this? These tariffs
that have been imposed and now you can't get what
are you not able to get an Italian chocolate of
French wine?
Speaker 11 (08:12):
What are you not able to get that you're dying?
Are you bracing for? How bad this is going to be?
Some don't want to hear it. He'll just go ahead
and say it. Sorry to Michael Berry show.
Speaker 4 (08:26):
President Trump didn't invent tariffs, and I know this is
going to come as a huge shot. Joe Biden used
tariffs or whoever was running the country while he was president.
Here's Janet Yelling, Biden's Treasury secretary, answering a question as
to whether tariffs would cause prices to rise for American consumers.
(08:49):
This this is from all the way back last year. Yeah,
who knew?
Speaker 5 (08:58):
Because you have seen it.
Speaker 12 (09:00):
Some experts, some groups, the National Retail Federation among them,
who've expressed concerns that it will be US consumers who
eventually end up paying for these tariffs. As you know,
polling shows that rising prices are voter's biggest concern right now,
so I'd ask you to speak directly to them. Will
American consumers bear the cost of these tariffs? I don't
(09:21):
believe that American consumers will see any meaningful increase in
the prices that they face.
Speaker 4 (09:32):
So you mean Biden imposed tariffs and they didn't blame
those tariffs on increasing inflation. But Trump's imposing tariffs and
that's going to cause inflation. It's almost as if you
(09:53):
people aren't being honest or intellectually consistent. No, isn't it
Ree's premier Doug Ford, He's the brother who had He's
the one that had the brother that was the crackhead.
He keeps he keeps getting out over his skis, trying
to be a mini me to Trump, to be Trump's equal,
(10:19):
and he keeps being reminded, dude, you're out of your league.
I had a chihuahua for years. Chihua's are great guard dogs.
Believe it or not, They're great alarm systems because, unlike
most dogs, chihuahuas don't bark when a leaf falls outside.
If our chihuahuas, we had two in a row, one
(10:40):
for seventeen years, one for I think twelve. If our
chiuaha barked, you could go ahead and bank it's a
that's a dude out there who's not supposed to be there.
It's not somebody visiting, it's not a pizza delivery man.
That's a dude that's not supposed to be there. But
that chihuahua had no bite, just barked, so that chihuahua
(11:01):
would would charge at big dogs, and some big dogs
didn't realize that's how that worked, and that and that
we beat the dog park, and the owners would laugh
and they're like, yeah, my dog is so good because
your dogs ten times the size of my chiua and
so here. And he'd run to him and kind of
skid as he came up right, throw up some dirt
(11:23):
and those dogs, most of those dogs would run off,
even big, strong dogs, because they didn't realize that there.
It's not that his bark was bigger than his bite.
He had no bite, tiny little teeth. He couldn't have
even sunk. These dogs had more hair on him. You
couldn't have got through to him. But it would scare
them off, and then there would be the doberman or
(11:45):
mastiff or pit bull would just eat them alive, but
you would have to be careful because those dogs were
not going to be intimidated. They would respond to that
in kind and kill this dog. So Doug Ford is
at little chihuahua. He keeps, he keeps yapping, and then
and then Trump turns around and slaps him down. You know,
(12:07):
he was going he was going to charge all this
money for Canadian electricity that was coming in to mogad
issue in Minnesota. And then he had to withdraw. Every
time he keeps threatening what he's going to do, an
hour later he has to come back and go, Okay,
I guess I'm not gonna be able to do that.
So here he is on CNBC, and I want you
(12:28):
to notice how his tone has changed'.
Speaker 9 (12:32):
Sit down and discuss this because it's just going to
hurt American jobs.
Speaker 4 (12:37):
I can't stress it enough.
Speaker 9 (12:39):
And you know, again he believes he's supporting Americans. He
said he was going to create jobs, create well, reduce inflation.
It's worked the total opposite inflation.
Speaker 5 (12:51):
So it's fair that.
Speaker 13 (12:52):
You have tariffs on a whole number of products.
Speaker 9 (12:55):
That's great, and we'd be willing to take those off tomorrow.
If he took all the tariffs off. We are not
the problem, Andrew, do you know what the problem is?
China is the problem. And he's taken a blind eye
to China as they continue to build their critical mineral mass.
We have all the critical minerals that our great neighbors need.
We have the energy that our great neighbors need.
Speaker 4 (13:17):
I just want to go back. I just want to
go back for a moment.
Speaker 13 (13:20):
If in fact you're prepared to take your tariffs off,
why wouldn't you have that negotiation in that conversation now
before any tariffs get put in place.
Speaker 9 (13:28):
Well, we've had We've had this conversation for over the
last month. We don't want tariffs. We have another sixty
five billion dollars with a tariffs to launch today. That's
the last thing we want to do because it's just again,
it's going to hurt both countries. It's going to hurt
American workers. That's the last thing. I want to take the.
Speaker 12 (13:49):
Other ones off, not the ones you're launching today.
Speaker 13 (13:52):
God, you're saying you take all your tariffs off.
Speaker 4 (13:56):
I'm saying that's right.
Speaker 13 (13:58):
Why is that not, I guess, Mike us is why
has all of that not already happened? And does and
does President Trump know that you'd be prepared to do that?
Speaker 9 (14:07):
He ems, and Secretary Lotnick knows that we're willing to
take these tariffs off, like in the next minute if
he said he's taking their tariffs off.
Speaker 4 (14:18):
So here's what's happening. Let's say somebody breaks into your
home and they've got a gun on you, and your
wife comes around the corner. She puts a gun on them,
and they go, you know what, never mind, we'll just leave.
Let's go back to the way things were before we
(14:39):
broke No, No, that's not going to work like that. You're
going to prison or you're gonna end up dead. You
created this whole thing. The Canadians have been imposing tariffs
on our products to prevent them getting into their market
at cost for a long time, and now that we're
doing it, they're going, Okay, you know what, y'all don't
do new terrafs and we won't do new terrorists. No,
you're going to peel all that back. This is what
(15:00):
problems doing. The Michael Berry Show a quick conversation with
Kenny Duncan Jr. In a long time friend of mine,
over the price of goal and the reason for this
is the volatility in the stock market. You know, there's
(15:21):
a number that's often used when referring to the American economy,
and that is the consumer confidence Index, and it turns
out to be extraordinarily important, which is kind of funny
because it's not a statistical measure. If you look at
agricultural output, you can measure how many bushels of corn
(15:43):
we bring to market, and you can measure how many
we could bring to market if we were at full capacity,
and you can measure demand and all these very factual truths.
But consumer confidence is a measure of how how people
think things are going to go. So if you're a president,
(16:04):
you want people to feel like things are going to
be good, because if they think things are going to
be good, then what do they do? They spend more
money and the economy keeps going, not because there's actual demand.
You can increase or decrease demand based on how scared
people are. So what's happened is the media is creating
this crapstorm over the tariffs. I played you what Savannah
(16:28):
Guthrie said, and it's creating a panic, and so that
panic is causing a sell in the stock market and
we're going to see this volatility. And so when the
stock market gets freaky, are uncertain people don't like uncertainty.
Then what do they do? They pull their money out.
But they got to put their money to work because
we're at what officially nine percent in inflation, some people
(16:50):
argue it's twenty percent when you factor in petro dollars.
So what do they do with their money? They start
buying gold. Well, the opposite happens. When you start buying gold,
do you drive the price up? So we see gold
hit an all time high today at thirty one twenty five.
Their people are going crazy. So I said, well, let
(17:11):
me get my buddy, Kenny Duncan Jr. Who's the knower
of all things about gold. This guy probably buys and
sells more gold than ninety nine point nine percent of
people in the country that are in the gold business.
He has been my gold guy for many, many years. Kenny,
thanks for taking our call on short notice. What happened
today with gold?
Speaker 8 (17:34):
Hey, Michael, I appreciate you having me as always. You know,
it's it's just it's insane to think that we're talking
about thirty one twenty five gold. I think the biggest
thing is just the tariffs and just the impending tariffs
and what they mean, what they mean for inflation. Central
bank buying is at an all time high. Those factors
(17:56):
definitely are driving a price up steadily and keeping it.
I mean, it just keeps running. It's just insane.
Speaker 4 (18:03):
What are you I mean, you guys are talking to
people who are buying big lots of gold, not just individuals.
What are you hearing from people who are individuals who
are pulling their money out? What's the are they? Are
they thinking? Well, this is strategic? This is just short term?
I mean, is this just like a day trader just
trying to trying to catch you know, buy on the
(18:24):
dip and sell on the high. What's the mindset?
Speaker 8 (18:28):
The mindset and what I've seen? And that's a great question.
So some of the bigger movers and the big the
bigger money purchases have all been predicated to they think
this is a this they think this is still cheap
for gold based on what the factors or what the
onset is telling them and what their data is telling them.
(18:48):
And these are guys that are gold purists who have
been my customers buying it from six hundred all the
way up and we did a big gold purchase yesterday.
We did a big gold transaction yesterday and the customer said, Kitty,
I think it's.
Speaker 4 (19:00):
Going to forty five hundred.
Speaker 8 (19:01):
Just thinking of myself. It's insane to hear these numbers
of what it really means for the economy.
Speaker 4 (19:08):
It's interesting because I started studying bitcoin and crypto and
all these different things and alternative places people are putting
their money than the stock market. And then there's gold.
There's just good old gold that's always been you know,
we once had a gold back currency. It's funny when
(19:30):
when the fundamentals are thrown out the door of the
stock market and we don't know what we don't know.
It's funny how many people go think, I want to
go here and buy some gold. It's like it's come,
it's you can never go home. Yeah you can, people
go Does that make sense?
Speaker 8 (19:47):
It really does. And that's exactly I think when the
adage that that gold used to be sold on was
it was a hedge against inflation, and it's proven that
it's proven that tried and true, as you mentioned before
time and time again. I think we're at a place
right now where it's such a no man's lane. And
you mentioned bitcoin. I mean, think about the market cap
of bitcoin of people who have diversified in the bitcoin
(20:08):
and taken money out of gold. Where would gold be
if there was no bitcoin? And I think that again,
some of the bigger buyers who have been buying our
products have been or just buying gold products in general
on the market have been saying, you know, they don't
They're not very high on bitcoin and more strong on gold,
and gold's been out performing bitcoin this year by a
wide stretch.
Speaker 4 (20:29):
Well, I'm very clear, Kenny. I've known you for going
on twenty years. You've been my personal gold guy. You've
been my personal silver guy, you've been my personal coin guy.
Trust you guys, and a lot of business you over
the years, and you'll be here tomorrow. And I love
that about you. I'm very clear. I don't give financial advice,
something I don't do. I don't feel qualified, and I
(20:52):
don't know someone's personal circumstances, how long they're going to live,
how much risk they can tolerate, how much they need
to make off of all this. But I got to
tell you, I am interested in how many people today
told me that they reached out to y'all or if
they have their own person other than my guy, which
is which is Kenny Duncan Junior. How many people spent
(21:14):
some time today buying goal and and that it's it's interesting.
I mean it's we're going to see this. I think
we're going to see a run up. Like you said,
I think we're going to see more of this coming forward.
By the way, Kenny, in case we run out of time,
can you give your website so people can can find
you and and reach out to you?
Speaker 8 (21:33):
Yes, yes, sir. Locally it's it's Houston Coins dot com
and and globally it's US coins and Jewelry dot com.
Speaker 4 (21:40):
And uh, I will say at full disclosure, Kenny Duncan
Junior is a sponsor of our show in Houston and
a sponsor on all our premier stations. That you should
know that he does pay our station for me to
endorse his product or I get to endorse his product.
I've been a consumer a client of his for as
(22:03):
long as I can remember, and most of that time
he's been a show sponsor, and we've had a great
we've had a great relationship. But I'm a full disclosure
guy started life as a lawyer, I think these are
very very fascinating times because smart people make money during volatility.
Weak people or dumb people crawl into the infantile position
(22:25):
and and and cry and say tell me when it's over.
This is going to be a time that people are
going to make money. Smart people are going to make money.
And I would encourage you during this time be fearless,
be knowledgeable, beware, but be engaged. There are going to
be fortunes made and lost. Uh, they are going to
(22:47):
be fortunes made and lost during this time. Learn what's
going on and seek out lots of different opinions, not
just mine. It's gonna it's gonna be.
Speaker 11 (22:56):
There is a very exciting timesar Michael Show.
Speaker 4 (23:02):
Folks, never forget COVID in how scared the media had everybody.
Fear is the ability. The ability to scare is the
ability to control. And that is why fear is used
so much in advertising. If I'm sitting in my office
(23:25):
trying to sell you termite services, and our sales are
not where I'd like them to be, and I would
like everybody in America to call me, because for every
person I send out with my white shirt and my
little red diamond an orcan on it. In the juice
(23:45):
I squirt on your house, I get you know, X
amount of money. Then if I can do that, then
the more people who call, the more money I make.
So I sit around and I go, how do I
get these idiots to call me so I can go
spray some juice on their house. Maybe I'll do an
interview and I'll say, you know, it's very important for
the structured integrity of your home that termites not be
(24:08):
inside feasting on the flesh of the wood, because it'll
cause it to collapse. Okay, well, who cares. People don't
seem to care. They'd rather spend that money on a
boat or motorcycle. Okay, well, maybe I'll find a house
where it did happen, and I'll show a picture, and
it looks really nasty. You ever see where termites have
been and they've eaten through the wood. It's horrible. So
(24:29):
all right, we could do that. Yeah, that'd be good.
All right, Okay, well that's not working well enough, So
what do we do? What do we do? Let's make
an ad, Let's put it on TV. Let's frighten people,
and let's have the termite instead of being this little
bitty tiny insect. Let's have the termite be so large
that he's about to attack the family and kill them all.
The only one who can save the family is the
(24:51):
superhero who stands in the breach, the orcan man. Yes,
this will be great, and so he alleviates your fear.
He ameliorates your threat. And that worked, not because it
was a wise protection of your investment, a good hedge
(25:14):
against a potential predator. To or pesq, it because you
were scared. You need to be scared. Fear is everything. Well,
that's what they're doing to you right now, that's what
they're doing to your neighbors. Your job is to calm
people down. One thing I've learned from sports, from war,
(25:37):
from everything I study and people who are good at
it is people who are good at things don't panic.
People who panic lack self control, they lack good decision making,
and they typically fail. They're not winners, they're not succeeders.
You know, there is in and of itself, a leadership
(26:00):
attribute of calm phrase song freud, you know, frozen blood,
cold blood, cold blooded killer. In fact, I think there's
a certain admiration among the true crime folks for a
cold blooded killer, stone cold Steve Austin not a killer,
but good dude. But the idea that this person's a
(26:22):
cold blooded killer, that they could commit the crime and
their blood pressure never increase. Javier bardiin in No Country
for all Men, for all men, the idea of a
person who can do this thing, Sir Anthony Hopkins in
Sons of the Lambs and never even bat an eye
right What we need right now is calm. What we
(26:48):
need right now is steadiness. And the opposite of what
we need is what we're getting, and that is panic.
If you still as I have, and many of you have,
whether you realize or not, because you've been exposed to it.
If you study the classic prank callers like roy D Mercer,
(27:11):
you know that you create a situation where the other
person is in there short of time. Crank anchors does this,
they all do it. But with roy D Mercer, he
would call and tell you what was wrong, and then
you'd say, well, I have nothing to do, and then
he'd say, well, I'm coming down there. I'm on my
way down there to whip you. How big a boy
are you? And that would create with say the law enforcement.
(27:32):
You know the sheriff or the police chief or the
business owners. You better not. I'm coming, you better not.
So you create this, You increase the in the anxiety
and the adrenaline, and you create a situation where people
start to panic, and when they panic, they don't make
good decisions. Great quarterbacks are known to quote stand tall
(27:55):
in the pocket. That's the quintessential Tom Brady. You literally
can see he stands very tall, like a Greek god.
And then you see quarterbacks that are the opposite that
are known to have what are called happy feet. That's
a guy who's nervous. He can't stay back there, he
can't stand tall, he can't wait on his receivers to
(28:16):
pop open on a pattern that takes a while to develop.
What we need right now from you in your corner
of the world is calm, and it's very easy to
forget that. Sorrows and the Left are intentionally trying to
(28:38):
seed chaos because chaos is turbulence. It's instability, and instability
means sell offs. People get hurt, people get pinched, people
get financially wounded. When that happens, they're upset. And when
they're upset, they get them on TV and they tell
how upset they are and Trump caused all this. I know,
(29:00):
you bunch of freaks. If y'all would come down, there
is nothing to panic about. Savannah go Thrie this morning
said that consumers were bracing for the tariffs. There's no
reason to brace for anything. You're not even going to
feel the tariffs for a period of time. The teriffs
may no longer even be an effect. Right. What we
(29:23):
need is for Americans to show leadership at all levels
of every organization, at the household, in the neighborhood, in
the workplace, at the church. We need pastors to go
into the churches on Sunday and talk about the fact
that what's happening is these are biblical times. These are
(29:47):
I don't know that they're the end times. A lot
of people like to say they are, but these are
trying times. These are the times that try men soul.
Thomas Paine, these are the times that are a challenge.
And that challenge, I'd argue, is not a challenge due
to scientific economic activity or lack thereof. That challenge is
(30:08):
being generated. Manufactured is one thing we do manufacture a
lot of in this country. It is outrage. Push that button,
turn on your station and get your outrage. You need
to be outraged at all time because when you're outraged,
you can't turn it off. That's what CNN, MSNBC, that's
what they're all doing. Outrage, outrage, outrage. We need calm,
(30:32):
smart people. Successful people are never ruffled. They're calm, in fact,
admirably so shockingly so when you see people who are
in control, you have a plan. You look at a
great NFL coach on the sideline, they're not acting a fool.
Look at Tom Landry, very calm. That's what we need
(30:54):
right now. Calm, ladies, and gentleman Almas has his life
with Ludding, thankyo, and goodnight.
It's that time time, time, time, luck and load. Michael
Very Show is on the air. Yeah, I want you
to say what you put me in?
Speaker 2 (00:13):
Brother?
Speaker 3 (00:13):
Hey, I got bombs on the other line.
Speaker 1 (00:15):
But he say, yeah, show you the money, Show me
the money, Show me the money.
Speaker 4 (00:21):
Yeah. Yet, show me the money.
Speaker 5 (00:24):
That's it from you.
Speaker 3 (00:26):
Show me the money, Jared, Show me the money.
Speaker 5 (00:30):
Jared, Yeah. Show.
Speaker 6 (00:34):
Look at the unfair trade practices that we have. Fifty
percent from the European Union on American gary. You have
a seven hundred percent tariff from Japan on American rice.
You have a one hundred percent tariff from India on
American agricultural products. You have nearly a three hundred percent
terra from Canada on American butter and American cheese. This
makes it virtually impossible for American products to be imported
(00:57):
into these markets, and it has put a lot of
America is out of business and out of work over
the past several decades.
Speaker 5 (01:02):
So it's time for reciprocity. It's been a low load
time coming, Chase come.
Speaker 2 (01:18):
We've seen some of our most imbalanced trading partners come
forward and want to drop their tariffs. So by President
Trump pushing forward with a tariff plan, reciprocal tariffs. If
you drop yours will drop hours. We are already seeing
some of the worst defenders.
Speaker 3 (01:37):
Come down.
Speaker 5 (01:42):
Coming, Chase Come.
Speaker 2 (01:52):
President Trump's created a win win situation here. Either the
tariff barriers come down, the US can export more, trade
is fairer. It's always been free, but not fairer. And
then we or if they don't do it, we'll take
in substantial revenues.
Speaker 5 (02:10):
It's time coming, Chase come.
Speaker 4 (02:24):
We have to care about Americans. You know the global.
Speaker 7 (02:27):
View that says if I move car manufacturing out of Michigan,
out of Ohio to Mexico to Canada, doesn't that lower
our costs? It does, But what does it do to
Americans who live in Michigan and Ohio.
Speaker 5 (02:39):
You know what it does.
Speaker 4 (02:40):
It decimates their community.
Speaker 7 (02:41):
You lose a US steel from Pittsburgh, you are going
to blitz Pittsburgh and that whole community.
Speaker 4 (02:47):
So someone's got to care about these workers. Someone's got
to care about these people.
Speaker 7 (02:50):
And the combination of bringing that back, that manufacturing back,
or you don't want to bring it back, pay the
tariff on the way in the door.
Speaker 5 (03:00):
That time I.
Speaker 3 (03:04):
Could love be long nothing carry It's been.
Speaker 5 (03:16):
A long a longtime coming, but I know change all come.
Speaker 4 (03:38):
So Ramond that Savannah Guthrie clip we started the show
with this morning, can you see if you can dig
that back up? Sorry I should have told you you
have it. So this was how one of the large
communist media outlets today began the news of the day.
(03:59):
This is what's going on in America. This is the
sweeping sense of the American spirit.
Speaker 8 (04:06):
This.
Speaker 4 (04:07):
You know, if it was Christmas, you'd say, you know,
Americans are awakening to the opening of presents and meals together.
If it was well, you get the point. Well, the
sweeping story across the land was that Americans, are you
ready for this? Bracing for tariffs? Listen to this earth today.
Speaker 9 (04:30):
Is expected on employing good from all the.
Speaker 10 (04:32):
World, say effect immediately, consumers bracing into.
Speaker 4 (04:38):
The three Wait what bracing for the impact of the terraffts.
I hope you guys are doing okay. Here we are
the end of the first day of the Terroriffs Act.
It's you know, it's Winston Churchill would go out to
(05:00):
the top of ten Downing Street. He would go up
to the roof as London was being bombed. It was
an act of great valor, reckless, but an act of
great valor. And then once they put him into the bunker,
and they had moved him into a bunker, he would
go up there. And he insisted on going up every
night and reviewing, surveying or surveilling what had happened, taking
(05:26):
a measurement, a measure of what had happened to his
beloved London, one of the great cities in the history
of mankind, and he wanted to see the damage that
had occurred, and he would take stock of that. They
were being bombed every day. Buildings were being reduced to rubble,
(05:49):
fires were breaking out, body parts strewn across the road,
Families children left without their parents. They would and then
they would go back into their bunkers, and and the
as the as the as, the sirens would go off,
the spitfires would try to would try to meet the
(06:11):
Luftwaffe before they got to London. But but the Germans
had air supremacy at this point in the war. They
had great air supremacy, and the Spitfires just couldn't keep
up with them, and so they were trying to defend
their homeland. But sadly, this great city was being, and
so a lot of kids were sent out of London
(06:33):
out into the countryside to Devon or Nottingham, or or
Leicester or all sorts of other places, because it was
you didn't have the density in those places. So the
Germans couldn't couldn't bomb every square inch of of England,
so they stuck to where they could do the most damage,
the economic might and the commercial might, and the the
sophistication of the economic sophistication of London. So every day
(06:58):
uh Churchill would would have a broadcast where he would say, hey,
we got hit hard yesterday, but we're going to continue
to fight, hit Hartwin, continue to fight, and the people
would then brace for the Luftwaffs attack on them. And
I think that's what Savannah Guthrie is trying to call
to mind here is the American people are suffering an
(07:21):
awful onslaught as a result of Donald Trump's tariffs. Listen
to this.
Speaker 10 (07:29):
Earth today is expected and imported from all around the
world immediately.
Speaker 4 (07:36):
And three, how did y'all do today? What I'm telling
you is safe to come up for air. Could you
just send me a message? And how did you do
with all these new taxes? And and everything, and did
are you starving to death out there? Are you so
dehydrated you don't have fresh drinkable water? I mean, where
(07:59):
what is situation? Are you bracing from this? These tariffs
that have been imposed and now you can't get what
are you not able to get an Italian chocolate of
French wine?
Speaker 11 (08:12):
What are you not able to get that you're dying?
Are you bracing for? How bad this is going to be?
Some don't want to hear it. He'll just go ahead
and say it. Sorry to Michael Berry show.
Speaker 4 (08:26):
President Trump didn't invent tariffs, and I know this is
going to come as a huge shot. Joe Biden used
tariffs or whoever was running the country while he was president.
Here's Janet Yelling, Biden's Treasury secretary, answering a question as
to whether tariffs would cause prices to rise for American consumers.
(08:49):
This this is from all the way back last year. Yeah,
who knew?
Speaker 5 (08:58):
Because you have seen it.
Speaker 12 (09:00):
Some experts, some groups, the National Retail Federation among them,
who've expressed concerns that it will be US consumers who
eventually end up paying for these tariffs. As you know,
polling shows that rising prices are voter's biggest concern right now,
so I'd ask you to speak directly to them. Will
American consumers bear the cost of these tariffs? I don't
(09:21):
believe that American consumers will see any meaningful increase in
the prices that they face.
Speaker 4 (09:32):
So you mean Biden imposed tariffs and they didn't blame
those tariffs on increasing inflation. But Trump's imposing tariffs and
that's going to cause inflation. It's almost as if you
(09:53):
people aren't being honest or intellectually consistent. No, isn't it
Ree's premier Doug Ford, He's the brother who had He's
the one that had the brother that was the crackhead.
He keeps he keeps getting out over his skis, trying
to be a mini me to Trump, to be Trump's equal,
(10:19):
and he keeps being reminded, dude, you're out of your league.
I had a chihuahua for years. Chihua's are great guard dogs.
Believe it or not, They're great alarm systems because, unlike
most dogs, chihuahuas don't bark when a leaf falls outside.
If our chihuahuas, we had two in a row, one
(10:40):
for seventeen years, one for I think twelve. If our
chiuaha barked, you could go ahead and bank it's a
that's a dude out there who's not supposed to be there.
It's not somebody visiting, it's not a pizza delivery man.
That's a dude that's not supposed to be there. But
that chihuahua had no bite, just barked, so that chihuahua
(11:01):
would would charge at big dogs, and some big dogs
didn't realize that's how that worked, and that and that
we beat the dog park, and the owners would laugh
and they're like, yeah, my dog is so good because
your dogs ten times the size of my chiua and
so here. And he'd run to him and kind of
skid as he came up right, throw up some dirt
(11:23):
and those dogs, most of those dogs would run off,
even big, strong dogs, because they didn't realize that there.
It's not that his bark was bigger than his bite.
He had no bite, tiny little teeth. He couldn't have
even sunk. These dogs had more hair on him. You
couldn't have got through to him. But it would scare
them off, and then there would be the doberman or
(11:45):
mastiff or pit bull would just eat them alive, but
you would have to be careful because those dogs were
not going to be intimidated. They would respond to that
in kind and kill this dog. So Doug Ford is
at little chihuahua. He keeps, he keeps yapping, and then
and then Trump turns around and slaps him down. You know,
(12:07):
he was going he was going to charge all this
money for Canadian electricity that was coming in to mogad
issue in Minnesota. And then he had to withdraw. Every
time he keeps threatening what he's going to do, an
hour later he has to come back and go, Okay,
I guess I'm not gonna be able to do that.
So here he is on CNBC, and I want you
(12:28):
to notice how his tone has changed'.
Speaker 9 (12:32):
Sit down and discuss this because it's just going to
hurt American jobs.
Speaker 4 (12:37):
I can't stress it enough.
Speaker 9 (12:39):
And you know, again he believes he's supporting Americans. He
said he was going to create jobs, create well, reduce inflation.
It's worked the total opposite inflation.
Speaker 5 (12:51):
So it's fair that.
Speaker 13 (12:52):
You have tariffs on a whole number of products.
Speaker 9 (12:55):
That's great, and we'd be willing to take those off tomorrow.
If he took all the tariffs off. We are not
the problem, Andrew, do you know what the problem is?
China is the problem. And he's taken a blind eye
to China as they continue to build their critical mineral mass.
We have all the critical minerals that our great neighbors need.
We have the energy that our great neighbors need.
Speaker 4 (13:17):
I just want to go back. I just want to
go back for a moment.
Speaker 13 (13:20):
If in fact you're prepared to take your tariffs off,
why wouldn't you have that negotiation in that conversation now
before any tariffs get put in place.
Speaker 9 (13:28):
Well, we've had We've had this conversation for over the
last month. We don't want tariffs. We have another sixty
five billion dollars with a tariffs to launch today. That's
the last thing we want to do because it's just again,
it's going to hurt both countries. It's going to hurt
American workers. That's the last thing. I want to take the.
Speaker 12 (13:49):
Other ones off, not the ones you're launching today.
Speaker 13 (13:52):
God, you're saying you take all your tariffs off.
Speaker 4 (13:56):
I'm saying that's right.
Speaker 13 (13:58):
Why is that not, I guess, Mike us is why
has all of that not already happened? And does and
does President Trump know that you'd be prepared to do that?
Speaker 9 (14:07):
He ems, and Secretary Lotnick knows that we're willing to
take these tariffs off, like in the next minute if
he said he's taking their tariffs off.
Speaker 4 (14:18):
So here's what's happening. Let's say somebody breaks into your
home and they've got a gun on you, and your
wife comes around the corner. She puts a gun on them,
and they go, you know what, never mind, we'll just leave.
Let's go back to the way things were before we
(14:39):
broke No, No, that's not going to work like that. You're
going to prison or you're gonna end up dead. You
created this whole thing. The Canadians have been imposing tariffs
on our products to prevent them getting into their market
at cost for a long time, and now that we're
doing it, they're going, Okay, you know what, y'all don't
do new terrafs and we won't do new terrorists. No,
you're going to peel all that back. This is what
(15:00):
problems doing. The Michael Berry Show a quick conversation with
Kenny Duncan Jr. In a long time friend of mine,
over the price of goal and the reason for this
is the volatility in the stock market. You know, there's
(15:21):
a number that's often used when referring to the American economy,
and that is the consumer confidence Index, and it turns
out to be extraordinarily important, which is kind of funny
because it's not a statistical measure. If you look at
agricultural output, you can measure how many bushels of corn
(15:43):
we bring to market, and you can measure how many
we could bring to market if we were at full capacity,
and you can measure demand and all these very factual truths.
But consumer confidence is a measure of how how people
think things are going to go. So if you're a president,
(16:04):
you want people to feel like things are going to
be good, because if they think things are going to
be good, then what do they do? They spend more
money and the economy keeps going, not because there's actual demand.
You can increase or decrease demand based on how scared
people are. So what's happened is the media is creating
this crapstorm over the tariffs. I played you what Savannah
(16:28):
Guthrie said, and it's creating a panic, and so that
panic is causing a sell in the stock market and
we're going to see this volatility. And so when the
stock market gets freaky, are uncertain people don't like uncertainty.
Then what do they do? They pull their money out.
But they got to put their money to work because
we're at what officially nine percent in inflation, some people
(16:50):
argue it's twenty percent when you factor in petro dollars.
So what do they do with their money? They start
buying gold. Well, the opposite happens. When you start buying gold,
do you drive the price up? So we see gold
hit an all time high today at thirty one twenty five.
Their people are going crazy. So I said, well, let
(17:11):
me get my buddy, Kenny Duncan Jr. Who's the knower
of all things about gold. This guy probably buys and
sells more gold than ninety nine point nine percent of
people in the country that are in the gold business.
He has been my gold guy for many, many years. Kenny,
thanks for taking our call on short notice. What happened
today with gold?
Speaker 8 (17:34):
Hey, Michael, I appreciate you having me as always. You know,
it's it's just it's insane to think that we're talking
about thirty one twenty five gold. I think the biggest
thing is just the tariffs and just the impending tariffs
and what they mean, what they mean for inflation. Central
bank buying is at an all time high. Those factors
(17:56):
definitely are driving a price up steadily and keeping it.
I mean, it just keeps running. It's just insane.
Speaker 4 (18:03):
What are you I mean, you guys are talking to
people who are buying big lots of gold, not just individuals.
What are you hearing from people who are individuals who
are pulling their money out? What's the are they? Are
they thinking? Well, this is strategic? This is just short term?
I mean, is this just like a day trader just
trying to trying to catch you know, buy on the
(18:24):
dip and sell on the high. What's the mindset?
Speaker 8 (18:28):
The mindset and what I've seen? And that's a great question.
So some of the bigger movers and the big the
bigger money purchases have all been predicated to they think
this is a this they think this is still cheap
for gold based on what the factors or what the
onset is telling them and what their data is telling them.
(18:48):
And these are guys that are gold purists who have
been my customers buying it from six hundred all the
way up and we did a big gold purchase yesterday.
We did a big gold transaction yesterday and the customer said, Kitty,
I think it's.
Speaker 4 (19:00):
Going to forty five hundred.
Speaker 8 (19:01):
Just thinking of myself. It's insane to hear these numbers
of what it really means for the economy.
Speaker 4 (19:08):
It's interesting because I started studying bitcoin and crypto and
all these different things and alternative places people are putting
their money than the stock market. And then there's gold.
There's just good old gold that's always been you know,
we once had a gold back currency. It's funny when
(19:30):
when the fundamentals are thrown out the door of the
stock market and we don't know what we don't know.
It's funny how many people go think, I want to
go here and buy some gold. It's like it's come,
it's you can never go home. Yeah you can, people
go Does that make sense?
Speaker 8 (19:47):
It really does. And that's exactly I think when the
adage that that gold used to be sold on was
it was a hedge against inflation, and it's proven that
it's proven that tried and true, as you mentioned before
time and time again. I think we're at a place
right now where it's such a no man's lane. And
you mentioned bitcoin. I mean, think about the market cap
of bitcoin of people who have diversified in the bitcoin
(20:08):
and taken money out of gold. Where would gold be
if there was no bitcoin? And I think that again,
some of the bigger buyers who have been buying our
products have been or just buying gold products in general
on the market have been saying, you know, they don't
They're not very high on bitcoin and more strong on gold,
and gold's been out performing bitcoin this year by a
wide stretch.
Speaker 4 (20:29):
Well, I'm very clear, Kenny. I've known you for going
on twenty years. You've been my personal gold guy. You've
been my personal silver guy, you've been my personal coin guy.
Trust you guys, and a lot of business you over
the years, and you'll be here tomorrow. And I love
that about you. I'm very clear. I don't give financial advice,
something I don't do. I don't feel qualified, and I
(20:52):
don't know someone's personal circumstances, how long they're going to live,
how much risk they can tolerate, how much they need
to make off of all this. But I got to
tell you, I am interested in how many people today
told me that they reached out to y'all or if
they have their own person other than my guy, which
is which is Kenny Duncan Junior. How many people spent
(21:14):
some time today buying goal and and that it's it's interesting.
I mean it's we're going to see this. I think
we're going to see a run up. Like you said,
I think we're going to see more of this coming forward.
By the way, Kenny, in case we run out of time,
can you give your website so people can can find
you and and reach out to you?
Speaker 8 (21:33):
Yes, yes, sir. Locally it's it's Houston Coins dot com
and and globally it's US coins and Jewelry dot com.
Speaker 4 (21:40):
And uh, I will say at full disclosure, Kenny Duncan
Junior is a sponsor of our show in Houston and
a sponsor on all our premier stations. That you should
know that he does pay our station for me to
endorse his product or I get to endorse his product.
I've been a consumer a client of his for as
(22:03):
long as I can remember, and most of that time
he's been a show sponsor, and we've had a great
we've had a great relationship. But I'm a full disclosure
guy started life as a lawyer, I think these are
very very fascinating times because smart people make money during volatility.
Weak people or dumb people crawl into the infantile position
(22:25):
and and and cry and say tell me when it's over.
This is going to be a time that people are
going to make money. Smart people are going to make money.
And I would encourage you during this time be fearless,
be knowledgeable, beware, but be engaged. There are going to
be fortunes made and lost. Uh, they are going to
(22:47):
be fortunes made and lost during this time. Learn what's
going on and seek out lots of different opinions, not
just mine. It's gonna it's gonna be.
Speaker 11 (22:56):
There is a very exciting timesar Michael Show.
Speaker 4 (23:02):
Folks, never forget COVID in how scared the media had everybody.
Fear is the ability. The ability to scare is the
ability to control. And that is why fear is used
so much in advertising. If I'm sitting in my office
(23:25):
trying to sell you termite services, and our sales are
not where I'd like them to be, and I would
like everybody in America to call me, because for every
person I send out with my white shirt and my
little red diamond an orcan on it. In the juice
(23:45):
I squirt on your house, I get you know, X
amount of money. Then if I can do that, then
the more people who call, the more money I make.
So I sit around and I go, how do I
get these idiots to call me so I can go
spray some juice on their house. Maybe I'll do an
interview and I'll say, you know, it's very important for
the structured integrity of your home that termites not be
(24:08):
inside feasting on the flesh of the wood, because it'll
cause it to collapse. Okay, well, who cares. People don't
seem to care. They'd rather spend that money on a
boat or motorcycle. Okay, well, maybe I'll find a house
where it did happen, and I'll show a picture, and
it looks really nasty. You ever see where termites have
been and they've eaten through the wood. It's horrible. So
(24:29):
all right, we could do that. Yeah, that'd be good.
All right, Okay, well that's not working well enough, So
what do we do? What do we do? Let's make
an ad, Let's put it on TV. Let's frighten people,
and let's have the termite instead of being this little
bitty tiny insect. Let's have the termite be so large
that he's about to attack the family and kill them all.
The only one who can save the family is the
(24:51):
superhero who stands in the breach, the orcan man. Yes,
this will be great, and so he alleviates your fear.
He ameliorates your threat. And that worked, not because it
was a wise protection of your investment, a good hedge
(25:14):
against a potential predator. To or pesq, it because you
were scared. You need to be scared. Fear is everything. Well,
that's what they're doing to you right now, that's what
they're doing to your neighbors. Your job is to calm
people down. One thing I've learned from sports, from war,
(25:37):
from everything I study and people who are good at
it is people who are good at things don't panic.
People who panic lack self control, they lack good decision making,
and they typically fail. They're not winners, they're not succeeders.
You know, there is in and of itself, a leadership
(26:00):
attribute of calm phrase song freud, you know, frozen blood,
cold blood, cold blooded killer. In fact, I think there's
a certain admiration among the true crime folks for a
cold blooded killer, stone cold Steve Austin not a killer,
but good dude. But the idea that this person's a
(26:22):
cold blooded killer, that they could commit the crime and
their blood pressure never increase. Javier bardiin in No Country
for all Men, for all men, the idea of a
person who can do this thing, Sir Anthony Hopkins in
Sons of the Lambs and never even bat an eye
right What we need right now is calm. What we
(26:48):
need right now is steadiness. And the opposite of what
we need is what we're getting, and that is panic.
If you still as I have, and many of you have,
whether you realize or not, because you've been exposed to it.
If you study the classic prank callers like roy D Mercer,
(27:11):
you know that you create a situation where the other
person is in there short of time. Crank anchors does this,
they all do it. But with roy D Mercer, he
would call and tell you what was wrong, and then
you'd say, well, I have nothing to do, and then
he'd say, well, I'm coming down there. I'm on my
way down there to whip you. How big a boy
are you? And that would create with say the law enforcement.
(27:32):
You know the sheriff or the police chief or the
business owners. You better not. I'm coming, you better not.
So you create this, You increase the in the anxiety
and the adrenaline, and you create a situation where people
start to panic, and when they panic, they don't make
good decisions. Great quarterbacks are known to quote stand tall
(27:55):
in the pocket. That's the quintessential Tom Brady. You literally
can see he stands very tall, like a Greek god.
And then you see quarterbacks that are the opposite that
are known to have what are called happy feet. That's
a guy who's nervous. He can't stay back there, he
can't stand tall, he can't wait on his receivers to
(28:16):
pop open on a pattern that takes a while to develop.
What we need right now from you in your corner
of the world is calm, and it's very easy to
forget that. Sorrows and the Left are intentionally trying to
(28:38):
seed chaos because chaos is turbulence. It's instability, and instability
means sell offs. People get hurt, people get pinched, people
get financially wounded. When that happens, they're upset. And when
they're upset, they get them on TV and they tell
how upset they are and Trump caused all this. I know,
(29:00):
you bunch of freaks. If y'all would come down, there
is nothing to panic about. Savannah go Thrie this morning
said that consumers were bracing for the tariffs. There's no
reason to brace for anything. You're not even going to
feel the tariffs for a period of time. The teriffs
may no longer even be an effect. Right. What we
(29:23):
need is for Americans to show leadership at all levels
of every organization, at the household, in the neighborhood, in
the workplace, at the church. We need pastors to go
into the churches on Sunday and talk about the fact
that what's happening is these are biblical times. These are
(29:47):
I don't know that they're the end times. A lot
of people like to say they are, but these are
trying times. These are the times that try men soul.
Thomas Paine, these are the times that are a challenge.
And that challenge, I'd argue, is not a challenge due
to scientific economic activity or lack thereof. That challenge is
(30:08):
being generated. Manufactured is one thing we do manufacture a
lot of in this country. It is outrage. Push that button,
turn on your station and get your outrage. You need
to be outraged at all time because when you're outraged,
you can't turn it off. That's what CNN, MSNBC, that's
what they're all doing. Outrage, outrage, outrage. We need calm,
(30:32):
smart people. Successful people are never ruffled. They're calm, in fact,
admirably so shockingly so when you see people who are
in control, you have a plan. You look at a
great NFL coach on the sideline, they're not acting a fool.
Look at Tom Landry, very calm. That's what we need
(30:54):
right now. Calm, ladies, and gentleman Almas has his life
with Ludding, thankyo, and goodnight.
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Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
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If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.