October 31, 2025 • 41 mins
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Speaker 1 (00:04):
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Speaker 2 (01:05):
We're just trying to turn a nechel in to a dime.
That's the bottom line.
Speaker 3 (01:16):
Welcome to real, honest talk about money, politics, news and
information you can actually use.
Speaker 4 (01:24):
Buckle up and hold on tight.
Speaker 5 (01:26):
This is. That's the bottom line.
Speaker 6 (01:32):
The best thing in life I free.
Speaker 4 (01:35):
But you can give them to the bath and be that.
Speaker 7 (01:45):
That's good. Good morning everybody, This is that's the bottom line.
I'm your host, Jeff Lewis of Asset Growth Associates along
with Jean Valley, thanks for spinning part of your weekend
with us our top line story. Trump was in Asia
(02:06):
this week working off the trade deal circuit.
Speaker 8 (02:09):
It's safe to say that it went well.
Speaker 7 (02:11):
In fact, one could say Trump not just considered this
to be his crowning achievement, treating.
Speaker 9 (02:17):
Him like royalty. South Korea just gifted a gold crown
to President Trump. This golden headpiece is a replica of
royal Shila crowns worn by Korean kings in the fifth
and sixth centuries. It's made of gold plate and adorned
with trees, deer, and birds, all our symbols of sacred
authority and divine rule. President e j Jung presented the
(02:40):
crown on the sidelines of APEX twenty twenty five, where
leaders are gathering to talk trade, security and regional cooperation.
Trump was also awarded South Korea's highest honor, the Grand
Order of Mugunghua usually presented to presidents of South Korea
and some ally nations. The medal recognizes Trump's diplomatic outreach
(03:00):
to North Korean leader Kim Jonglin.
Speaker 8 (03:02):
Needed this to say.
Speaker 7 (03:04):
Liberal heads have been exploding all week over Trump actually
getting a crown.
Speaker 8 (03:08):
Hey, you know what they say, could to be the king.
Speaker 7 (03:14):
But Trump wasn't in South Korea for some kind of coronation.
Speaker 8 (03:17):
It was strictly.
Speaker 7 (03:18):
Business and the longtime US ally signed a deal in
which Korean air will purchase over one hundred new Boeing
aircraft for thirty six billion dollars. As well, the Korean
Gas Corporation will purchase over three million tons of US liquefied.
Speaker 8 (03:34):
National gas per year.
Speaker 7 (03:36):
Trump also visited Japan, where the President met with newly
elected Prime Minister Takaichi, who is the first woman to
be elected to the position in the history of the
island nation. The leader of Japan's Conservative Coalition, which has
been the dominant political party for decades now, Takaichi was
all smiles while Trump heap praise on his new friend.
Speaker 6 (03:57):
This woman is a winner. So you know we've become
all right close friends are on a second because their
stock market today at our stock market today hit an
all time high. That means we're doing something right. I
have to say this, the first female Prime minister in
the history of Japan, Madam Prime.
Speaker 8 (04:19):
Minister the Japanese.
Speaker 7 (04:22):
The trade deal reaffirms the five hundred and fifty billion
dollar commitment previously made to the US. It returned for
a preferential tariff of only fifteen percent.
Speaker 8 (04:32):
That's right, people.
Speaker 7 (04:34):
In other words, Japan has agreed to pay the American
government of fifteen percent fee to sell products here and
in return will invest five hundred and fifty billion dollars here.
It's kind of like when you were sharing your Halloween
candy as a kid and you go one for you,
two for me.
Speaker 8 (04:50):
It really is that lopsided. Oh.
Speaker 7 (04:53):
By the way, Japan is also dropping its terrafs on
over ninety percent of our exports and increasing our market
access on stuff like agriculture products, aerospace and industrial goods,
and a particular note, a deal on the supply of
rare earth minerals. Trump also worked out deals in Southeast Asia.
(05:14):
In both Malaysia and Thailand, new agreements were reached on
reduced terraces in return for rare earth minerals. Along with this,
similar deal with Australia that was reached last week. Trump
also signed off on the ceasefire between Thailand and Cambodia
that he helped negotiate back in July after a border
(05:34):
dispute turned into an open armed conflict for nearly a
week between the two nations. Bring on the Nobel Peace price.
So what's the real story behind all this trade talk?
Believe it or not, It's really not about the economics
of it at all. I mean, money is all well
and good, But what's really happening here is about geopolitical strategy.
(05:58):
It's about thwarting the Chinese attempt to realign the world
order into a new paradigm centered on the Far East
and away from the US European alliance that dominated the
twentieth century. You see, like it or not, the global
order is shifting, while old alliances like NATO still have
their place. The real strategic threat to US interests doesn't
(06:22):
come from the specter of the Soviet Red Army marching
to the Bay of Biscay. The Ukraine War proves that point.
Russia can't take Kiev back, much less Warsaw or Berlin,
at least through conventional means. The nuclear element is still
a real threat. We'll talk about that down the road.
But it's not Europe that re rely worries US. It's Asia,
(06:47):
particularly China, but also their potential cooperation with Asian nations
like India and even certain Middle Eastern nations that could
provide a real strategic threat to American interests. That's why
America is putting so much effort into strengthening relations with
Middle Eastern nations, especially Saudi Arabia. It's not so much
(07:09):
about the oil itself. It's about the power and the
influence that the energy market has over the rest of
the world. China is a big market for Middle Eastern
oil because they often sell their own protection. They're the
fourth or fifth largest now to other Asian nations, and
by different countries like Iran and Saudi the support their
(07:30):
domestic condumction.
Speaker 8 (07:31):
Just that's about the way we do it.
Speaker 7 (07:33):
For all the talk by Democrats over the years about
America being more respected in the world, what they failed
to mention is that the US is far preferred by
a lot of these nations as a wielder of global
power than compared to China. So the Chinese saber rattling
in recent years is viewed very negatively by a lot
(07:54):
of these countries. Think Indonesia, who could potentially bear the
brunt of Chinese expansion into the Pacific. Think Japan, who
is an ancient historical enemy of China. And you really
don't have to go that far back. Do you think
about India, who is as much of a rival as
a partner to China, and particularly now that they've passed
(08:15):
China in population. Think about Saudi Arabia, who gets very
leery about the close relations China fosters with their own antagonist, Iran.
That's why what Trump's doing is so relevant to what
the world is going to look like a generation from now.
All the moves he's making or to keep the rest
of the world in our orbit rather than see China
(08:35):
peel these nations off into their own sphere of influence.
The media makes a big deal about his use of terrifts,
but the terriffs are the stick he's carrying. They don't
ever talk about the carrots he's offering. Jesse Waters talks
about this concept here.
Speaker 10 (08:51):
It did not bring the inflation that the Pannicins predicted.
You had a three percent drop. It beat expectations. The
deficit is reduced for the first time in years because
we're bringing in so much tariff revenue, and it's been
able to kind of massage the new contours of a
new alliance system, a trade alliance system, mineral deals. We're
(09:13):
selling AI now of the Arabs. You can kind of
see a new world to order forming in real time.
And he has been able to rally the world against China,
but in a very diplomatic way, so it gives the
Chinese an off ramp that they can save face and
not seem to be encircled the way you know they
(09:35):
kind of are being.
Speaker 7 (09:36):
And that's the key to all of this. Trump is
borrowing from one of China's own strategists, Sun Zoo. Build
your opponent a golden bridge to retreat across, meaning if
your enemy is losing, give him a graceful exit and
he'll take it.
Speaker 8 (09:50):
It's how you control the.
Speaker 7 (09:51):
Victory conditions instead of forcing a corner in me to
lash out. We'll talk about Trump sit down with China
when we're your return, don't go away.
Speaker 2 (10:00):
We're just trying to turn a neckel into a dime.
That's the bottom line.
Speaker 1 (10:06):
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Speaker 8 (13:40):
We're just trying to turn an apple into what time.
Speaker 11 (13:43):
That's the bottom line we're back with.
Speaker 8 (14:17):
That's the bottom line. I'm Jeff Lewis.
Speaker 7 (14:20):
We've been talking about Trump's Asia trip, and obviously all
the other nations at this point have just been windowgressing.
The real news of the trip is the meeting with
President She of China that went down Thursday. But all
the other deals are what gave Trump the ability to
meet with She from a position of strength. Here's what
we know about the terms of the deal. Tariffs are
(14:42):
being cut by ten percent from fifty seven to forty
seven as a result of the promise of Chinese cooperation
on stopping to flow a fentanyl into our country. In return,
China will also pause her ban on rare earth mental
exports for a year, which is one of the most
critical interests America had as in our global trade policy,
if you haven't picked up on that. Also, a key
(15:04):
component of the discussion is agricultural exports, which has been
a major issue for the farming industry. Farmers are an
essential part of the New Republican coalition, particularly in Midwestern
states like Iowa, and Trump made this a top priority
of the negotiations. As Trade Representative Jamison Greer explains here,
this was part.
Speaker 3 (15:24):
Of the discussion.
Speaker 12 (15:25):
We're quite focused on making sure that China buys our
agricultural products at soybeans, it's sorghum, and it's other things.
China actually has not covered up all its soybean needs
for December and January, so they still really need American
product and we expect that China will need to resume
those kinds of purchases if they want to have a
(15:46):
good deal with the United States.
Speaker 7 (15:48):
It's important to note the amount of groundwork that's been
laid out to set up a path for a lasting
trade relationship with China on terms that actually work for
the United States, while Democrats back home continue to hold
the government hostage over their desire to see single payer
health care in our country. But Trump administration has still
been hard at work, even overseas to improve the line
(16:11):
for everyday Americans. And it's taken a lot of strategy
because China is still as much an adversary as a
trade partner. They're not on par with the United States
quite yet. But there's a reason President Trump referred to
this meeting as the G two. The United States may
be without peer on the world stage, but there's no
other conpotential competitor on the level of China either. Michael
(16:35):
Pillsbury of the Heritage Foundation explains how Trump laid out
the framework for the deal on this interview which Fox
News Sunday.
Speaker 3 (16:43):
A lot of pressures being put on China, and I
think behind this, I would just use the word brilliant.
Trump has a brilliant long term strategy. He knows there's
only one person in the world who can make things
happen in China. That's sheig in pain. So what has
he done after this summit? He and Milania are going
to China in three months, then she and Madame Panga
(17:05):
we need to come here. So he's laying the framework
for a long term new arrangement where we don't get
ripped off and where our economic growth rate is benefited
by China, but we still have a long way to go.
President Trump is saying, also, I think is very carefully
calibrated for how do we get China to make the
kind of concessions we need to grow our own economy
(17:27):
and that they not invade Taiwan and that they agreed
to want. Of President Trump's favorite issues, he wants nuclear
stability talks with Russia, China, and America together to kind
of put a cap on overall nuclear weapons totals. This
is a lot to get done, but he's well on
the way to doing it by having this what I
call this long term framework.
Speaker 7 (17:47):
And this is where Trump is being smart about this.
Instead of trying to get China to sign some big
money multi year contract like the Dodgers did with Ohtani,
He's still in China. Look, let's work out each year.
It's not the certainty that the markets want, which is
why the major stocking disease. We're ambivalent about the deal.
Markets don't like the idea of renegotiating every year because
(18:10):
it provides less certainty, but it allows both nations to
be more responsive to their own needs and allows us
to hold China accountable to holding up their end of
the deal, because, let's be honest, the Chinese don't have a.
Speaker 8 (18:24):
Spectacular record there now.
Speaker 7 (18:27):
Of course, Democrats in the media aren't going to get
this administration any credit at all whatsoever for this. According
to them, Trump started a world trade war, and we
should be thankful to our patient and understanding Chinese friends
for their forbearance.
Speaker 8 (18:43):
And don't worry.
Speaker 7 (18:44):
We can resume our normal operations just as soon as
we have another Democrat in the White House. Make no mistake,
the Chinese will be all in like it's poker night,
trying to get Gavin Newsom elected over JD Vance in
three more years. China is playing the long game too,
and they see the Gavin Newsom Nancy Pelosi wing. The
Democratic Party has their allies in Washington, probably just as
(19:08):
much as they liked Biden, probably a lot for.
Speaker 8 (19:10):
The same reasons. Jaching. Wait, can I say cha ching?
Or is that racist?
Speaker 7 (19:16):
I got a kick out of this one this week
where the panel on the Royal Care Politics podcast ties
into it when Carl Cannon makes a similar assertation that
Trump started a trade war with China and pretty much
everyone else. Keep in mind, Carl Cannon is a longtime
family friend of Gavin Newsom, like he knew Gavin as
a little kid, and he's openly advocating for Newsom to
(19:39):
be the next president. But listen to how fast this
nonsense gets shut down by Andrew Walworth and Tom Bevin,
who were having none of it.
Speaker 13 (19:47):
The other way looking at that, Tom, is that he's
fixing problems he created. He's this thing, you know, Yeah,
I'm going to China. I mean, he launched a trade
war against China with tarriffs and against you fifty other countries.
So he's going to China and now you know, you know,
trying to make nice with President g But but he
(20:07):
caused this. You know, he's cleaning up his own message.
Speaker 4 (20:09):
That's the other way to look.
Speaker 3 (20:10):
I was gonna say, come on, I mean to say
that he launched the trade war. I mean, just to
be fair.
Speaker 8 (20:17):
I mean the other way look it.
Speaker 3 (20:18):
Is, he just he finally fired back in a trade
war that's been waged against America for the last twenty
forty years.
Speaker 13 (20:24):
Right, Well, that's that's his view. And when it comes
to China, you know, there's smoke there and there's some
fire because China was ripping us off. If those if
those you know, if those of you are not trade
experts dumping me, you ill you sort of use phony
methods to prop up a product industry in your own
country and then flood the international market, and then when
(20:44):
you've driven a competition out of business, then you raise
the prices. China has been accused of that that they're
the biggest complaint the United States has had to me
that has merit is the systemic intellectual theft of intellectual
property by Chinese companies and also trade barriers in China
and all these other countries to American goods. So, yes,
(21:05):
that's a fair point Andy.
Speaker 8 (21:09):
Talking about intellectual theft.
Speaker 7 (21:10):
That sounds to me like the Chinese stole Carl Cannon's
brain here. It's not like China isn't deep into the
pockets of California politicians. Newsom came under criticism during the
pandemic when he spent a billion dollars of state taxpayer
money ordering protective masks from where else China, because yeah,
it makes a lot of sense to get all our
medical equipment from our largest competitor, which you know, by
(21:32):
the way, started the pandemic in the first place. Then
you got whack jobs like Eric Swalwell sleeping with Chinese spies.
And we've all heard the stories about the plosis and
the bidens being in bed with China.
Speaker 8 (21:46):
That's old news.
Speaker 7 (21:48):
But the bottle line is this the Democratic Party, in
their liberal media puppets, they are completely willing to sell
this country out if it means restoring their power. And
if that buyers China, well, someone passed the Kung Pal chicken.
Speaker 8 (22:02):
We'll be right back.
Speaker 2 (22:03):
We're just trying to turn a nickel into a dime.
That's the bottom line. We're just trying to turn a
nickel into a dime.
Speaker 5 (22:19):
That's the bottom line.
Speaker 14 (22:21):
Welcome this is that's the bottom line. Your weekly broadcast
on KLVI that tells it like it is. And of course,
as I do every week at this time, this is
Jeane Valerani reporting. I want to share this with you
this morning because I thought it was an interesting item
that no one would be paying too much attention to.
But President Trump denied this past week that he would
(22:44):
seek to run for vice president in twenty twenty six.
What we know he can't run for president. Could he
run for vice president? Well, there has been speculation to
that rumor, but mister Trump said such an attempt would
be in his words, well, he said they would be
too cute. So, according to recent published reports, the question
(23:06):
has begun repeatedly asking in recent days would he do
it or would he not? But from everything President Trump
said recently, after his present term, he plans to go
back to civilian living and become citizen Trump at the
end of his current term. So we'll just have to
see if that happens.
Speaker 7 (23:26):
Right.
Speaker 14 (23:26):
A lot of Republicans feel it would be around the
current Constitution's ruling of two times, around current rules which
limit a president to two terms. But he's had his
two terms, right, and they think if he goes into
another around go tries again after winning his run, that
(23:48):
he could run for president again. I don't know. I
doubt it. Trump has always felt he was cheated out
of his second term after winning his first run, but
his an election came and the second time he ran,
of course, he was elected. More and more evidence appears
(24:08):
that losing to Joe Biden the last time around may
have resulted in how the votes were counted, and perhaps
Biden's win wasn't legal. But I guess we'll all just
have to return to the country's election laws and after
two terms, that's all which is currently allowed. I know
it sounds confusing, Let's go back a little bit. Franklin
(24:31):
Delano Roosevelt was the only president to serve four terms
before passing away in office as World War Two was
nearing its end in nineteen forty five. Nonetheless, for Trump
to run again would require a constitutional change. An article
last week suggested Trump has been asked to seek a
(24:54):
third term after his current term, but Trump said he
wouldn't run again. He did he would If he did
run again, Americans would continue to face I'm sure more
armed resistance in the streets of the United States. Well,
at least, this is what I would believe. However, Trump's
present term will very likely be his last term. He
(25:17):
said it, and I believe what he said is correct.
Of course, there would be lots of clamor if he did.
If he did, given the current state of affairs in
the United States, But as things are now well as
they are now, they're the best most Americans can hope for.
Would be another notable person to come in and run
(25:39):
for the presidency on the Republican ticket next time. It
seems we passed this road in the past, which allows
only two terms as president. That's a constitutional change. President
used to be able to run ad nauseum for reelection,
but now they limit him to two terms. Trump's in
his second term right now. He's already won a second
(26:02):
term after defeating Joe Biden's election last time around. Well,
actually he didn't. He defeated Kabla Harris. It wasn't Joe Biden.
The Democrats pushed Biden out, but that was because of
Biden's mental and physical decline. That was the real reason
that Biden only served one term. Kabla Harris is now
(26:22):
putting out information when Trump turns ind in twenty twenty eight,
she may throw her Kabla hat into the ring once again.
There's little chance I believe of Kamala to win after
her her disastrous defeat in twenty twenty four, and some
Democrats are pushing California's president or California's governor. I should
(26:46):
say president governor Gavin Newsom to run for president on
the Democratic ticket next time around, but Newsom is already
an doubtful candidate than not. The United States has serious
doubts about a candidate like Kalama Harris being re elected
right coming back in and running, and it has as
(27:08):
far as Governor Newsom goes. It's probably wishful thinking on
the Democrats part, but I doubt that he would be
even nominated. The power of the Democrats press, you know,
the power of the Democrat news media is what I
should say, was so far gone by years, it has
(27:29):
disgraced itself in recent years. Today's media, for the most part,
is a Democrat party shield, and today's voters cannot be
lured in as it was once able in the past.
It's true we're at a critical place in our current
history by trumpening last time around, and I think Republicans
will win again, at least that's what I see from
(27:52):
my perspective. But who will be that Republican Trump will
pass the ball to next time around, I don't know.
To you, at least from here, This then is the
beginning of a mystery which will of course find another
Trump figure next time around, and that would really be
something to do to get the country to stay back
(28:13):
on track. And that's where we begin today's report. That's
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Speaker 8 (29:06):
That right after this, we're just trying.
Speaker 2 (29:10):
To turn ankel into a dime. That's the bottom line.
Speaker 1 (29:15):
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Speaker 7 (30:21):
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Speaker 2 (31:14):
We're just trying to turn a nickel into a dime.
That's the bottom line.
Speaker 14 (31:20):
Welcome back, ladies and gentlemen you're listening to that's the
bottom line. You're weekly broadcast on KLVI. That tells it
like it is. And now it's time for today's solution.
You know, I want to mention this. When making an
investment decision, you have to find what is comfortable for
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(37:01):
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(37:46):
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(38:07):
give us a ring four oh nine eight four oh
sixty nine hundred would just trying.
Speaker 5 (38:14):
To turn a necke in to.
Speaker 2 (38:17):
That's the bottom line. Where'd just trying to turn a
necke in to U.
Speaker 5 (38:23):
That's the bottom line.
Speaker 7 (38:37):
Thank you for listening today, That's the bottom line. All
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(39:00):
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Speaker 8 (40:47):
Save my retirement now.
Speaker 7 (40:49):
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Speaker 8 (41:22):
I'm Jeff Lewis for.
Speaker 7 (41:23):
Gene Valerani and everyone here at Asset Growth Associates. Remember
that you are greatly blessed and highly favored because, as always,
that's the bottom line.
Speaker 5 (41:35):
That's the bottom line.
Speaker 2 (41:38):
You can reach Asset Growth Associates by calling one eight
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Speaker 2 (01:05):
We're just trying to turn a nechel in to a dime.
That's the bottom line.
Speaker 3 (01:16):
Welcome to real, honest talk about money, politics, news and
information you can actually use.
Speaker 4 (01:24):
Buckle up and hold on tight.
Speaker 5 (01:26):
This is. That's the bottom line.
Speaker 6 (01:32):
The best thing in life I free.
Speaker 4 (01:35):
But you can give them to the bath and be that.
Speaker 7 (01:45):
That's good. Good morning everybody, This is that's the bottom line.
I'm your host, Jeff Lewis of Asset Growth Associates along
with Jean Valley, thanks for spinning part of your weekend
with us our top line story. Trump was in Asia
(02:06):
this week working off the trade deal circuit.
Speaker 8 (02:09):
It's safe to say that it went well.
Speaker 7 (02:11):
In fact, one could say Trump not just considered this
to be his crowning achievement, treating.
Speaker 9 (02:17):
Him like royalty. South Korea just gifted a gold crown
to President Trump. This golden headpiece is a replica of
royal Shila crowns worn by Korean kings in the fifth
and sixth centuries. It's made of gold plate and adorned
with trees, deer, and birds, all our symbols of sacred
authority and divine rule. President e j Jung presented the
(02:40):
crown on the sidelines of APEX twenty twenty five, where
leaders are gathering to talk trade, security and regional cooperation.
Trump was also awarded South Korea's highest honor, the Grand
Order of Mugunghua usually presented to presidents of South Korea
and some ally nations. The medal recognizes Trump's diplomatic outreach
(03:00):
to North Korean leader Kim Jonglin.
Speaker 8 (03:02):
Needed this to say.
Speaker 7 (03:04):
Liberal heads have been exploding all week over Trump actually
getting a crown.
Speaker 8 (03:08):
Hey, you know what they say, could to be the king.
Speaker 7 (03:14):
But Trump wasn't in South Korea for some kind of coronation.
Speaker 8 (03:17):
It was strictly.
Speaker 7 (03:18):
Business and the longtime US ally signed a deal in
which Korean air will purchase over one hundred new Boeing
aircraft for thirty six billion dollars. As well, the Korean
Gas Corporation will purchase over three million tons of US liquefied.
Speaker 8 (03:34):
National gas per year.
Speaker 7 (03:36):
Trump also visited Japan, where the President met with newly
elected Prime Minister Takaichi, who is the first woman to
be elected to the position in the history of the
island nation. The leader of Japan's Conservative Coalition, which has
been the dominant political party for decades now, Takaichi was
all smiles while Trump heap praise on his new friend.
Speaker 6 (03:57):
This woman is a winner. So you know we've become
all right close friends are on a second because their
stock market today at our stock market today hit an
all time high. That means we're doing something right. I
have to say this, the first female Prime minister in
the history of Japan, Madam Prime.
Speaker 8 (04:19):
Minister the Japanese.
Speaker 7 (04:22):
The trade deal reaffirms the five hundred and fifty billion
dollar commitment previously made to the US. It returned for
a preferential tariff of only fifteen percent.
Speaker 8 (04:32):
That's right, people.
Speaker 7 (04:34):
In other words, Japan has agreed to pay the American
government of fifteen percent fee to sell products here and
in return will invest five hundred and fifty billion dollars here.
It's kind of like when you were sharing your Halloween
candy as a kid and you go one for you,
two for me.
Speaker 8 (04:50):
It really is that lopsided. Oh.
Speaker 7 (04:53):
By the way, Japan is also dropping its terrafs on
over ninety percent of our exports and increasing our market
access on stuff like agriculture products, aerospace and industrial goods,
and a particular note, a deal on the supply of
rare earth minerals. Trump also worked out deals in Southeast Asia.
(05:14):
In both Malaysia and Thailand, new agreements were reached on
reduced terraces in return for rare earth minerals. Along with this,
similar deal with Australia that was reached last week. Trump
also signed off on the ceasefire between Thailand and Cambodia
that he helped negotiate back in July after a border
(05:34):
dispute turned into an open armed conflict for nearly a
week between the two nations. Bring on the Nobel Peace price.
So what's the real story behind all this trade talk?
Believe it or not, It's really not about the economics
of it at all. I mean, money is all well
and good, But what's really happening here is about geopolitical strategy.
(05:58):
It's about thwarting the Chinese attempt to realign the world
order into a new paradigm centered on the Far East
and away from the US European alliance that dominated the
twentieth century. You see, like it or not, the global
order is shifting, while old alliances like NATO still have
their place. The real strategic threat to US interests doesn't
(06:22):
come from the specter of the Soviet Red Army marching
to the Bay of Biscay. The Ukraine War proves that point.
Russia can't take Kiev back, much less Warsaw or Berlin,
at least through conventional means. The nuclear element is still
a real threat. We'll talk about that down the road.
But it's not Europe that re rely worries US. It's Asia,
(06:47):
particularly China, but also their potential cooperation with Asian nations
like India and even certain Middle Eastern nations that could
provide a real strategic threat to American interests. That's why
America is putting so much effort into strengthening relations with
Middle Eastern nations, especially Saudi Arabia. It's not so much
(07:09):
about the oil itself. It's about the power and the
influence that the energy market has over the rest of
the world. China is a big market for Middle Eastern
oil because they often sell their own protection. They're the
fourth or fifth largest now to other Asian nations, and
by different countries like Iran and Saudi the support their
(07:30):
domestic condumction.
Speaker 8 (07:31):
Just that's about the way we do it.
Speaker 7 (07:33):
For all the talk by Democrats over the years about
America being more respected in the world, what they failed
to mention is that the US is far preferred by
a lot of these nations as a wielder of global
power than compared to China. So the Chinese saber rattling
in recent years is viewed very negatively by a lot
(07:54):
of these countries. Think Indonesia, who could potentially bear the
brunt of Chinese expansion into the Pacific. Think Japan, who
is an ancient historical enemy of China. And you really
don't have to go that far back. Do you think
about India, who is as much of a rival as
a partner to China, and particularly now that they've passed
(08:15):
China in population. Think about Saudi Arabia, who gets very
leery about the close relations China fosters with their own antagonist, Iran.
That's why what Trump's doing is so relevant to what
the world is going to look like a generation from now.
All the moves he's making or to keep the rest
of the world in our orbit rather than see China
(08:35):
peel these nations off into their own sphere of influence.
The media makes a big deal about his use of terrifts,
but the terriffs are the stick he's carrying. They don't
ever talk about the carrots he's offering. Jesse Waters talks
about this concept here.
Speaker 10 (08:51):
It did not bring the inflation that the Pannicins predicted.
You had a three percent drop. It beat expectations. The
deficit is reduced for the first time in years because
we're bringing in so much tariff revenue, and it's been
able to kind of massage the new contours of a
new alliance system, a trade alliance system, mineral deals. We're
(09:13):
selling AI now of the Arabs. You can kind of
see a new world to order forming in real time.
And he has been able to rally the world against China,
but in a very diplomatic way, so it gives the
Chinese an off ramp that they can save face and
not seem to be encircled the way you know they
(09:35):
kind of are being.
Speaker 7 (09:36):
And that's the key to all of this. Trump is
borrowing from one of China's own strategists, Sun Zoo. Build
your opponent a golden bridge to retreat across, meaning if
your enemy is losing, give him a graceful exit and
he'll take it.
Speaker 8 (09:50):
It's how you control the.
Speaker 7 (09:51):
Victory conditions instead of forcing a corner in me to
lash out. We'll talk about Trump sit down with China
when we're your return, don't go away.
Speaker 2 (10:00):
We're just trying to turn a neckel into a dime.
That's the bottom line.
Speaker 1 (10:06):
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Speaker 4 (11:05):
The stock market doesn't care about your retirement plans. This
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(11:26):
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(11:48):
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Speaker 1 (12:10):
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of Texas.
Speaker 8 (13:40):
We're just trying to turn an apple into what time.
Speaker 11 (13:43):
That's the bottom line we're back with.
Speaker 8 (14:17):
That's the bottom line. I'm Jeff Lewis.
Speaker 7 (14:20):
We've been talking about Trump's Asia trip, and obviously all
the other nations at this point have just been windowgressing.
The real news of the trip is the meeting with
President She of China that went down Thursday. But all
the other deals are what gave Trump the ability to
meet with She from a position of strength. Here's what
we know about the terms of the deal. Tariffs are
(14:42):
being cut by ten percent from fifty seven to forty
seven as a result of the promise of Chinese cooperation
on stopping to flow a fentanyl into our country. In return,
China will also pause her ban on rare earth mental
exports for a year, which is one of the most
critical interests America had as in our global trade policy,
if you haven't picked up on that. Also, a key
(15:04):
component of the discussion is agricultural exports, which has been
a major issue for the farming industry. Farmers are an
essential part of the New Republican coalition, particularly in Midwestern
states like Iowa, and Trump made this a top priority
of the negotiations. As Trade Representative Jamison Greer explains here,
this was part.
Speaker 3 (15:24):
Of the discussion.
Speaker 12 (15:25):
We're quite focused on making sure that China buys our
agricultural products at soybeans, it's sorghum, and it's other things.
China actually has not covered up all its soybean needs
for December and January, so they still really need American
product and we expect that China will need to resume
those kinds of purchases if they want to have a
(15:46):
good deal with the United States.
Speaker 7 (15:48):
It's important to note the amount of groundwork that's been
laid out to set up a path for a lasting
trade relationship with China on terms that actually work for
the United States, while Democrats back home continue to hold
the government hostage over their desire to see single payer
health care in our country. But Trump administration has still
been hard at work, even overseas to improve the line
(16:11):
for everyday Americans. And it's taken a lot of strategy
because China is still as much an adversary as a
trade partner. They're not on par with the United States
quite yet. But there's a reason President Trump referred to
this meeting as the G two. The United States may
be without peer on the world stage, but there's no
other conpotential competitor on the level of China either. Michael
(16:35):
Pillsbury of the Heritage Foundation explains how Trump laid out
the framework for the deal on this interview which Fox
News Sunday.
Speaker 3 (16:43):
A lot of pressures being put on China, and I
think behind this, I would just use the word brilliant.
Trump has a brilliant long term strategy. He knows there's
only one person in the world who can make things
happen in China. That's sheig in pain. So what has
he done after this summit? He and Milania are going
to China in three months, then she and Madame Panga
(17:05):
we need to come here. So he's laying the framework
for a long term new arrangement where we don't get
ripped off and where our economic growth rate is benefited
by China, but we still have a long way to go.
President Trump is saying, also, I think is very carefully
calibrated for how do we get China to make the
kind of concessions we need to grow our own economy
(17:27):
and that they not invade Taiwan and that they agreed
to want. Of President Trump's favorite issues, he wants nuclear
stability talks with Russia, China, and America together to kind
of put a cap on overall nuclear weapons totals. This
is a lot to get done, but he's well on
the way to doing it by having this what I
call this long term framework.
Speaker 7 (17:47):
And this is where Trump is being smart about this.
Instead of trying to get China to sign some big
money multi year contract like the Dodgers did with Ohtani,
He's still in China. Look, let's work out each year.
It's not the certainty that the markets want, which is
why the major stocking disease. We're ambivalent about the deal.
Markets don't like the idea of renegotiating every year because
(18:10):
it provides less certainty, but it allows both nations to
be more responsive to their own needs and allows us
to hold China accountable to holding up their end of
the deal, because, let's be honest, the Chinese don't have a.
Speaker 8 (18:24):
Spectacular record there now.
Speaker 7 (18:27):
Of course, Democrats in the media aren't going to get
this administration any credit at all whatsoever for this. According
to them, Trump started a world trade war, and we
should be thankful to our patient and understanding Chinese friends
for their forbearance.
Speaker 8 (18:43):
And don't worry.
Speaker 7 (18:44):
We can resume our normal operations just as soon as
we have another Democrat in the White House. Make no mistake,
the Chinese will be all in like it's poker night,
trying to get Gavin Newsom elected over JD Vance in
three more years. China is playing the long game too,
and they see the Gavin Newsom Nancy Pelosi wing. The
Democratic Party has their allies in Washington, probably just as
(19:08):
much as they liked Biden, probably a lot for.
Speaker 8 (19:10):
The same reasons. Jaching. Wait, can I say cha ching?
Or is that racist?
Speaker 7 (19:16):
I got a kick out of this one this week
where the panel on the Royal Care Politics podcast ties
into it when Carl Cannon makes a similar assertation that
Trump started a trade war with China and pretty much
everyone else. Keep in mind, Carl Cannon is a longtime
family friend of Gavin Newsom, like he knew Gavin as
a little kid, and he's openly advocating for Newsom to
(19:39):
be the next president. But listen to how fast this
nonsense gets shut down by Andrew Walworth and Tom Bevin,
who were having none of it.
Speaker 13 (19:47):
The other way looking at that, Tom, is that he's
fixing problems he created. He's this thing, you know, Yeah,
I'm going to China. I mean, he launched a trade
war against China with tarriffs and against you fifty other countries.
So he's going to China and now you know, you know,
trying to make nice with President g But but he
(20:07):
caused this. You know, he's cleaning up his own message.
Speaker 4 (20:09):
That's the other way to look.
Speaker 3 (20:10):
I was gonna say, come on, I mean to say
that he launched the trade war. I mean, just to
be fair.
Speaker 8 (20:17):
I mean the other way look it.
Speaker 3 (20:18):
Is, he just he finally fired back in a trade
war that's been waged against America for the last twenty
forty years.
Speaker 13 (20:24):
Right, Well, that's that's his view. And when it comes
to China, you know, there's smoke there and there's some
fire because China was ripping us off. If those if
those you know, if those of you are not trade
experts dumping me, you ill you sort of use phony
methods to prop up a product industry in your own
country and then flood the international market, and then when
(20:44):
you've driven a competition out of business, then you raise
the prices. China has been accused of that that they're
the biggest complaint the United States has had to me
that has merit is the systemic intellectual theft of intellectual
property by Chinese companies and also trade barriers in China
and all these other countries to American goods. So, yes,
(21:05):
that's a fair point Andy.
Speaker 8 (21:09):
Talking about intellectual theft.
Speaker 7 (21:10):
That sounds to me like the Chinese stole Carl Cannon's
brain here. It's not like China isn't deep into the
pockets of California politicians. Newsom came under criticism during the
pandemic when he spent a billion dollars of state taxpayer
money ordering protective masks from where else China, because yeah,
it makes a lot of sense to get all our
medical equipment from our largest competitor, which you know, by
(21:32):
the way, started the pandemic in the first place. Then
you got whack jobs like Eric Swalwell sleeping with Chinese spies.
And we've all heard the stories about the plosis and
the bidens being in bed with China.
Speaker 8 (21:46):
That's old news.
Speaker 7 (21:48):
But the bottle line is this the Democratic Party, in
their liberal media puppets, they are completely willing to sell
this country out if it means restoring their power. And
if that buyers China, well, someone passed the Kung Pal chicken.
Speaker 8 (22:02):
We'll be right back.
Speaker 2 (22:03):
We're just trying to turn a nickel into a dime.
That's the bottom line. We're just trying to turn a
nickel into a dime.
Speaker 5 (22:19):
That's the bottom line.
Speaker 14 (22:21):
Welcome this is that's the bottom line. Your weekly broadcast
on KLVI that tells it like it is. And of course,
as I do every week at this time, this is
Jeane Valerani reporting. I want to share this with you
this morning because I thought it was an interesting item
that no one would be paying too much attention to.
But President Trump denied this past week that he would
(22:44):
seek to run for vice president in twenty twenty six.
What we know he can't run for president. Could he
run for vice president? Well, there has been speculation to
that rumor, but mister Trump said such an attempt would
be in his words, well, he said they would be
too cute. So, according to recent published reports, the question
(23:06):
has begun repeatedly asking in recent days would he do
it or would he not? But from everything President Trump
said recently, after his present term, he plans to go
back to civilian living and become citizen Trump at the
end of his current term. So we'll just have to
see if that happens.
Speaker 7 (23:26):
Right.
Speaker 14 (23:26):
A lot of Republicans feel it would be around the
current Constitution's ruling of two times, around current rules which
limit a president to two terms. But he's had his
two terms, right, and they think if he goes into
another around go tries again after winning his run, that
(23:48):
he could run for president again. I don't know. I
doubt it. Trump has always felt he was cheated out
of his second term after winning his first run, but
his an election came and the second time he ran,
of course, he was elected. More and more evidence appears
(24:08):
that losing to Joe Biden the last time around may
have resulted in how the votes were counted, and perhaps
Biden's win wasn't legal. But I guess we'll all just
have to return to the country's election laws and after
two terms, that's all which is currently allowed. I know
it sounds confusing, Let's go back a little bit. Franklin
(24:31):
Delano Roosevelt was the only president to serve four terms
before passing away in office as World War Two was
nearing its end in nineteen forty five. Nonetheless, for Trump
to run again would require a constitutional change. An article
last week suggested Trump has been asked to seek a
(24:54):
third term after his current term, but Trump said he
wouldn't run again. He did he would If he did
run again, Americans would continue to face I'm sure more
armed resistance in the streets of the United States. Well,
at least, this is what I would believe. However, Trump's
present term will very likely be his last term. He
(25:17):
said it, and I believe what he said is correct.
Of course, there would be lots of clamor if he did.
If he did, given the current state of affairs in
the United States, But as things are now well as
they are now, they're the best most Americans can hope for.
Would be another notable person to come in and run
(25:39):
for the presidency on the Republican ticket next time. It
seems we passed this road in the past, which allows
only two terms as president. That's a constitutional change. President
used to be able to run ad nauseum for reelection,
but now they limit him to two terms. Trump's in
his second term right now. He's already won a second
(26:02):
term after defeating Joe Biden's election last time around. Well,
actually he didn't. He defeated Kabla Harris. It wasn't Joe Biden.
The Democrats pushed Biden out, but that was because of
Biden's mental and physical decline. That was the real reason
that Biden only served one term. Kabla Harris is now
(26:22):
putting out information when Trump turns ind in twenty twenty eight,
she may throw her Kabla hat into the ring once again.
There's little chance I believe of Kamala to win after
her her disastrous defeat in twenty twenty four, and some
Democrats are pushing California's president or California's governor. I should
(26:46):
say president governor Gavin Newsom to run for president on
the Democratic ticket next time around, but Newsom is already
an doubtful candidate than not. The United States has serious
doubts about a candidate like Kalama Harris being re elected
right coming back in and running, and it has as
(27:08):
far as Governor Newsom goes. It's probably wishful thinking on
the Democrats part, but I doubt that he would be
even nominated. The power of the Democrats press, you know,
the power of the Democrat news media is what I
should say, was so far gone by years, it has
(27:29):
disgraced itself in recent years. Today's media, for the most part,
is a Democrat party shield, and today's voters cannot be
lured in as it was once able in the past.
It's true we're at a critical place in our current
history by trumpening last time around, and I think Republicans
will win again, at least that's what I see from
(27:52):
my perspective. But who will be that Republican Trump will
pass the ball to next time around, I don't know.
To you, at least from here, This then is the
beginning of a mystery which will of course find another
Trump figure next time around, and that would really be
something to do to get the country to stay back
(28:13):
on track. And that's where we begin today's report. That's
the bottom line. In an ever changing financial landscape, strength, stability,
and solutions matter when you're investing money. But Asset Growth
Associates were committed to offering you strategies and services that
(28:35):
take you forward, helping you secure the financial future that
you envision for yourself and your family. We back our
commitment to you through our poor principles. It's integrity, strength
and innovation and a solid and sound financial position. There
are very very important things to do. Call us four
(28:58):
h nine eight four sixty nine hundred and let us
help you preserve your financial future.
Speaker 8 (29:06):
That right after this, we're just trying.
Speaker 2 (29:10):
To turn ankel into a dime. That's the bottom line.
Speaker 1 (29:15):
Visualize a future where your retirement income is completely tax free.
Most traditional retirement accounts come with a hidden partner the irs.
But what if you could legally separate yourself from the
future tax hikes and keep more of what you've earned.
At Asset Growth Associates, We've developed the tax Free Future Calculator,
(29:37):
powered by our proprietary Achieving Alpha strategy. This powerful tool
shows you exactly how to transform your retirement savings into
a lifetime of tax free income. Picture more control, more growth,
and more money staying in your pocket, not Uncle Sam's.
You deserve a tax free future. Call four nine eight
(29:58):
four zero sixty nine hundred or visit savemyretirement dot com
to schedule a visit discover a tax free future four
h nine eight four zero sixty nine hundred. Asset Growth
Associates Wealth Advisors is a registered investment advisor in the
state of Texas.
Speaker 7 (30:21):
Are you tired of watching your investments rise and fall
with the market. What if you could have growth potential
without the risk of losing your hard earned money. This
is Jeff Lewis with Asset Growth Associates. If this sounds interesting,
then you need to ask us about a principal protection plan,
a smart financial solution designed to protect your money in
a down market while capturing market glinked returns while the
(30:45):
market goes up. No market losses, market lead gains peace
of mind. Don't leave your future to chance. Call Asset
Growth Associates today at four zero nine eight four zero
sixty nine hundred to learn how to grow and protect
your wealth. Protect what you've built, grow with confidence. Call
(31:06):
now four oh nine eight four zero sixty nine hundred
or visit us at savemiretirement dot com.
Speaker 2 (31:14):
We're just trying to turn a nickel into a dime.
That's the bottom line.
Speaker 14 (31:20):
Welcome back, ladies and gentlemen you're listening to that's the
bottom line. You're weekly broadcast on KLVI. That tells it
like it is. And now it's time for today's solution.
You know, I want to mention this. When making an
investment decision, you have to find what is comfortable for
(31:42):
you and how you want the investment to grow, and
to do so with the least possible risk. I assume,
of course they save. The greater the risk, greater the reward.
But if you're putting your money where you don't lose
any money to begin with, there's no roller coaster, so
(32:04):
the reward is constant. At Asset Growth Associates, we offer
plans that fit all the many needs for accumulating money
over time without exposing those investment dollars to loss when
the stock market has a downturn. I can't emphasize this enough.
(32:25):
It's called principal protection. You've heard me talk about it
for decades now. And these accounts are linked to either
market returns or fixed interest. Either way your money grows
over time, and these accounts are great for both four
oh one K rollovers and pension rollovers and other accounts
(32:48):
available to grow over time and accumulate earnings without ever
having a downturn along the way when the market has
its occasional hiccups. This is why it's called and some
full protection. When the suck market has a downturn, money
in one of these plans doesn't lose a dime and
when the market comes back, it just picks up where
(33:10):
it was and as such, there's no weight to get
back because nothing was ever lost to begin with. These
plans are great for pension four oh one K rollovers
and for anything people save money for. We've all been
told to save money for rainy days, and as the
years roll by, inflation and other financial contracts may have
(33:33):
a hard time keeping up with the roller coaster ride
of market ups and downs. Remember, these plans that I'm
talking about do not lose money during a market downturn,
and that means what does it mean, Jane, Well, I'll
tell you what it means. This means there's no weight
to just get back to even because previous gains remain
(34:00):
always there. You never lost anything to begin with. Why
not call me it Asset Growth Associates four O nine
eight four oh sixty nine hundred or call my associate Jeff.
The pull free numbers one eight six six seven two
eight three six nine seven for long distance callers. That's
a toll free call. You meet with us. It's very simple,
(34:23):
takes little time to provide our clients with a rollover
which moves your four oh one K, your pension or
your IRA money, or just any money you have in
the plans which accumulate on a tax deferred basis. There's
no perfect plan, but with safe and short savings and
(34:44):
cash accumulation, all of our clients are very pleased. Once again,
the phone numbers four O nine eight four oh sixty
nine hundred and call us toll free one eight sixty
six seven two eight three six nine seven. That's the
toll free line. We can also be contacted online by
(35:05):
logging on to savemyretirement dot com. That Asset Growth Associates.
We've been helping our clients in Texas and Louisiana and
elsewhere for decades now, helping our clients accomplish their financial
goals and plan to continue doing so for the decades ahead.
If you have vested funds available for transfer to principal
(35:29):
protection that grow over time, now's the time to call us.
Write this number down four oh nine eight four oh
sixty nine hundred, or if you live in far away
places one eight sixty six seven two six three six
nine seven, or simply contact us online by logging onto
(35:51):
savemiretirement dot com. Contact us, We'll set up an appointment
with you and go over your present plan and if allowed,
if you're transfer company, if your four oh one K
company or your four h three B company allows the
transfer of pension and iras to principal protection, if you
(36:15):
have a vested contract with one of the one of
the financial institutions that accommodates rollovers, then they'll accommodate you.
So why not give us a call set a time
when you can visit with us. At Asset Growth Associates,
what we do is we make make a phone call
to the company holding your money and we advise them
(36:38):
with you on the line, to transfer the money to
the new account that we have here at Asset Growth Associates.
Four oh nine eight four sixty nine hundred. Set a
time to meet with us. That's the phone number. Set
a time to meet with us or toll free one
eight six six seven two eight six nine seven. Are
(37:01):
online by logging on to Savemyretirement dot com. Listen, we've
been helping our clients in Southeast Texas, Louisiana and elsewhere
for decades now and plan to continue doing so for
the years and decades ahead. So don't waste time. Call
us eight four oh sixty nine hundred and the four
(37:22):
to oh nine area code. We will be glad to
accommodate you. I want to remind you that in an
ever changing world financial of the financial landscape, strength, stability
and solutions matter that Asset Growth Associates were committed to
offering you strategies and services that take you forward, helping
(37:46):
you secure the financial future you envision. And we back
our commitment to you through our core principles, which are integrity,
strength and innovation, and a solid and sound financial position.
So listen to me, ladies and gentlemen. You want to
(38:07):
give us a ring four oh nine eight four oh
sixty nine hundred would just trying.
Speaker 5 (38:14):
To turn a necke in to.
Speaker 2 (38:17):
That's the bottom line. Where'd just trying to turn a
necke in to U.
Speaker 5 (38:23):
That's the bottom line.
Speaker 7 (38:37):
Thank you for listening today, That's the bottom line. All
of our podcasts are available on demand online at savemyretirement
dot com, or just go to your iHeartRadio app and
search for us under the podcast tab and be sure
to add us the favorites. You can also follow us
for all the latest updates on Facebook at Jeff Lewis.
That's the bottom line. Our physical address and is at
(39:00):
thirteen ninety one Calder Avenue, a block from the intersection
of MLK and Calder. Would you like to avoid paying
taxes on your retirement income, then maybe it's time to
get rothesized. By converting your traditional ira into a roth ira,
either all at once or over time, you can pay
taxes now instead of later. It makes more sense to
(39:22):
pay taxes on the seed rather than the crop. Wroth
iras let you harvest your money tax free after it's
grown over the years. Schedule appointment with us the c
if a conversion makes sense for you. If you want
a big, beautiful boost to your portfolio, come and talk
with us about our cover call ETF strategy. These exchange
(39:43):
traded funds based their values off of underlying equity positions
and big time companies like Netflix and Amazon, or even
full sectors like AI in tech. And even though these
companies don't pay much in a way of dividends themselves,
these funds do on a weekly basis dependable income, generally
with less risk than many funds that just invest in
(40:04):
the overall market. You never want to give up capital
if you don't have to, so why not let your
money work for you. Our proprietary achieving Alpha portfolio builder
can customize a plan based off of your income needs,
whether it's for your overall budget or even to protect
against rising medical costs. Speaking of rising medical cost it's
(40:27):
Medicare season, and if you're not sure what's going on
with your Medicare coverage, we can help you understand how
your current policy works better. Yet, if you're turning sixty
five soon or getting ready to come off group coverage,
we can help you not screw it up. To begin
with the schedule and appointment with this call our office
toll free at eight sixty six.
Speaker 8 (40:47):
Save my retirement now.
Speaker 7 (40:49):
As you get close to retirement, you generally get more
interested in keeping your money safe. If so, you're probably
a good candidate for a principal protection strategy where you
can get the market linked rates of return with zero
risk to your principle. We generally recommend these as at
least a portion of a diversified portfolio. That's why people
(41:09):
more than ever are choosing Asset Growth Associates. We've got
the experience and name you can trust. We know how
to handle your money consistently, safely, and always with your
best interests in mind.
Speaker 8 (41:22):
I'm Jeff Lewis for.
Speaker 7 (41:23):
Gene Valerani and everyone here at Asset Growth Associates. Remember
that you are greatly blessed and highly favored because, as always,
that's the bottom line.
Speaker 5 (41:35):
That's the bottom line.
Speaker 2 (41:38):
You can reach Asset Growth Associates by calling one eight
six six seven to eight thirty six ninety seven are
by visiting savemiretirement dot com.
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