April 14, 2025 • 30 mins
Bob and Eric breakdown the Chinese tariff battle and explain how our dependence on China has reached a boiling point.
Long-time show hosts Bob Dunlap, a businessman from North Carolina, and Eric Matheny, a criminal defense attorney in Florida, deliver weekly patriotic brilliance. Here on Maverick Broadcasting Netowrk, the outspoken duo are ready to take it to the next level. America is at a crossroads. Bob and Eric are here to keep people informed about the right directions to go. Catch them every Saturday at noon Eastern as they discuss the important issues of the week.
Follow Maverick Broadcasting Network on Pickax to catch the full lineup of shows and breaking news: https://pickax.com/maverickbroadcasting
Protect your financial future with precious metals! Get your FREE Gold and Silver Guide from My Gold Guy today and take control of your financial destiny! https://mygoldguy.com/mbn
Indulge in the finest quality with Freedom First Beef – sous vide, freeze-dried, and ready to savor today or in a decade. Order now using code MBN for a 25% discount. https://maverickbeef.com
Be ready for anything life throws your way with The Wellness Company's Medical Emergency Kit. Order today using code BOBANDERIC for a 10% discount at https://twc.health/mbn.
Unleash the spirit of liberty in every cup with Supermassive Black Coffee. Order now using code MBN and savor the unparalleled taste of freedom in every patriotic sip. https://supermassiveblackcoffee.com.com
Long-time show hosts Bob Dunlap, a businessman from North Carolina, and Eric Matheny, a criminal defense attorney in Florida, deliver weekly patriotic brilliance. Here on Maverick Broadcasting Netowrk, the outspoken duo are ready to take it to the next level. America is at a crossroads. Bob and Eric are here to keep people informed about the right directions to go. Catch them every Saturday at noon Eastern as they discuss the important issues of the week.
Follow Maverick Broadcasting Network on Pickax to catch the full lineup of shows and breaking news: https://pickax.com/maverickbroadcasting
Protect your financial future with precious metals! Get your FREE Gold and Silver Guide from My Gold Guy today and take control of your financial destiny! https://mygoldguy.com/mbn
Indulge in the finest quality with Freedom First Beef – sous vide, freeze-dried, and ready to savor today or in a decade. Order now using code MBN for a 25% discount. https://maverickbeef.com
Be ready for anything life throws your way with The Wellness Company's Medical Emergency Kit. Order today using code BOBANDERIC for a 10% discount at https://twc.health/mbn.
Unleash the spirit of liberty in every cup with Supermassive Black Coffee. Order now using code MBN and savor the unparalleled taste of freedom in every patriotic sip. https://supermassiveblackcoffee.com.com
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Keep America. You keep America.
Speaker 2 (00:06):
We'll keep Americ con Gray, keep Americ.
Speaker 1 (00:12):
Can you jeep America? Well? Keep Americ? Could be ah,
keep Americ? Can you jap America? Well, jep American concrete.
Speaker 3 (00:29):
Welcome to Bob and Eric Steer American Podcast.
Speaker 4 (00:31):
My name is Bob and my name is Eric Methini.
Thank you all for tuning in. Guys, please please please
hit up the Patreon patroon dot com slash Bob and Eric.
Everything you give helps the show continue to come to
you week after week, year after year. Uh, indefinitely, I
hope so. And we had a lot to discuss today,
and I think at the top of the list, at
the top of my mind is we are in a
(00:53):
bad relationship this country. We're in an abusive relationship with
a country named China, and for whatever reason, for whatever reason,
reasons beyond my comprehension, well maybe not beyond my comprehension,
I speculate as to the reasons, but the reason being
is that China we have committed some mortal sins in
our lifetime as a country, not the current administration because
(01:15):
he's inheriting this unfortunately. But go back decades, go back decades,
and decades, you know, possibly even when we were children,
or before we sold ourselves to China in a way
that has put us in a precarious situation. Least of
all or I guess most noteworthy would have been I
remember in the opening weeks of COVID, do you remember
there was a shortagejump prescriptions.
Speaker 5 (01:37):
We realized how many of our prescriptions are made in China.
Our entire manufacturing sector has been shipped off to China,
and we're sort of at their beck and call. And
Trump is the first president I've ever seen in our
lifetime who's had the gumption to stand up to China.
(01:58):
And I think, frankly because he's.
Speaker 4 (01:59):
Not owned by a couple of things about China. When
I talk about this relationship we're in China had a
massive role to play with COVID. They had a massive
role to play with the Wuhan Virology Institute with the
virus getting out, with being dishonest about the way it
had gotten out, getting it over to the US. We
could talk about fauci, we could talk about funding, we
(02:19):
could talk about how COVID came to be, and I'm
all happy to do that, But China had a major
role in this operation, and they've never once been held accountable,
and there really hasn't even been a serious talk about it.
Bob and I have to wonder if we go back
to March of twenty twenty and instead of the Wuhan
Institute of Virology, it was the Moscow Institute of Virology
(02:40):
and COVID came out of Russia. What do you think
the response would have been a nuclear bomb? Probably? No,
that's absolutely right. Why is it that China gets a
pass but Russia is the book? Russia is not a
threat to us. Do people realize that Russia can do
nothing to us economically, They could do nothing to us militarily,
(03:02):
They could do nothing to us. Why is Russia the
big bad boogieman and China gets the pass? It's because
China's bribed everybody with money. They bought everybody out off see.
I think that should be Doje's next move. I think
that they need to look back into the bank accoun Well,
I guess you can't see it in the bank accounts,
because if I were getting kickback money, I certainly wouldn't
(03:22):
put it in my well as far into a checking account,
I'd probably have some offshore account but we need a
real serious, not a Lindsey Graham style, strongly worded letter investigation.
We need a real forensic audit of the finances of
these people that have been in power, Namely, you know,
the guys like Mitch McConnell, Nancy Celosi who've been here
since the eighties, who have this protective instinct when it
(03:46):
comes to China, the ones that are speaking out against
this this tariff battle that we're engaged in right now,
which ultimately is to get us off this Chinese dependency
and to even the playing field China. China has grand
designs of being the global superpower. They want to unseat
the United States. And one of the big things we
(04:06):
talked about this a lot when Biden had his disastrous
withdrawal from Afghanistan. One of the things that it did
is it opened up that fifty eight mile border between
China and Afghanistan, and China is in business with the Taliban,
And who do you think has all the rights to
those precious minerals, those minerals that we need in our electronics,
as electronics that you're using to watch and listen to
(04:27):
this program that quite frankly, could have very well been
assembled by a twelve year old in China. You know,
when the media says we know Chinese manufacturers are really
referring to like the nine and ten year old kids
that sew your shoes together. So we have created so
many opportunities, and they have this initiative where they want
basically global trade to go through China. They want to
(04:49):
be the hub of global commerce, and they do what
they want. They're able to undercut manufacturers here. They can
do it cheap because they have no human rights protections place.
They'll use child labor. They don't have the same laws
and rules and regulations that we have here, and that's
why they're able to undercut manufacturers. So if we're if
we want to open a factory in Ohio and I
(05:11):
got to pay workers thirty dollars an hour and you
have to ensure them and you have to be OSHA compliant,
for a fraction of that, you could send it off
to China. And that's the problem that we hadn't we
didn't recognize that. We saw that at the time as
a financial opportunity. You know, if you're a business owner
and you see, well, I can make my goods cheaper
in China, I think I'm going to opt to do
(05:31):
it that way. And we saw that back, especially in
like the Clinton era in the nineties, as being a
good thing. Oh, open up global trade, global markets, that's great.
Stave American manufacturers money and ship the jobs over to China.
I don't think we realized at the time the impact
that that would have thirty forty years later. My question
for you, Bob, and I feel like sometimes I'm shouting
(05:52):
into the wind here. Is it even feasible to get
that back? How in the modern era can we take
that back from China when we can't compete economically with them. Well,
I think we can get all the prescription drugs back, the.
Speaker 3 (06:06):
Cars, yes, electronics somewhat.
Speaker 6 (06:11):
We just want to love them playing field. China has
screwed themselves. They were already in a recession depression. I
saw a video yesterday and no one's doing anything. The
problem is they don't consume. It's not a consumer based economy,
it's a export economy. Because everybody's so.
Speaker 3 (06:29):
Broke, they don't buy anything, So they're screwed.
Speaker 4 (06:32):
No one was shopping, stores were empty. They're screwed. They
just don't care about the people. Yeah, what is it
like the things we talk a lot about the Chinese government.
We talk a lot about Chinese business, but we rarely
talk about what it's like they're for Chinese people. I mean,
that's the truth. What is China consuming? What are they
consuming in the global markets? What are they buying from
(06:54):
us other than coorn to make their whiskey? Really? Yeah,
you're not a farmer in China right now. You're screwed.
Its screwed. Yeah. And the problem is, so China's gotten
away with these trade policies because they've created an environment
where they can undercut us. They can manufacture the goods
for a fraction of what we have to pay here,
(07:16):
and in turn, they can jack up tariffs fifty sixty
percent on us because we're also these items are going
to get made, they're still more expensive to get made here. See.
I think it's a twofold problem. I think, on one hand,
you know, we should want to buy American. I mean
that should just be an American virtue, buy American. The
problem is it's one thing to virtue signal to say
I'm going to buy American and then go out and
(07:38):
actually do it. When the cost of goods granted, inflation
is down to about two and a half percent, down
from eight percent, Thank you, President Donald Trump. It's still
it still doesn't from a purely economic standpoint, it doesn't
make fiscal sense. If I'm just some ruthless business tycoon
and I don't have any virtues or value and I
just want to care about my bottom line, You're damn right,
(08:00):
I'm going to make my goods in China. How do
we level the playing field as far as making it
more competitive for our manufacturers? How do we give them
an incentive to manufacture here in the United States? Tiffsa
Is that enough? Though? Tariff's enough?
Speaker 7 (08:15):
No, Our regulatory agencies are just stifling. So we have
to reduce regulation, reduce electricity or power, and lower taxes
for corporations, all of those things in terif to what end.
Speaker 4 (08:32):
Do you think that it's a cultural problem? Case in
point that if I want to build a factory in Ohio,
am I going to go recruit on the Ohio State
University campus and get college kids to come over and
work in a factory for twenty two dollars an hour
upon graduation? Do we have young people? Do we have
enough young people that are willing to do that, that
(08:53):
to have the work ethic and the reasonable expectation that
they're not going to come out of college and make
two hundred thousand dollars a year as a TikTok influencer.
I mean, isn't that a cultural problem as well, because China,
say what you will about China and Japan and Asia,
they've got stronger cultural discipline than we have. I've said
that for years, certainly not Japan. I manufacturing, really, all
(09:15):
you really need is high school, high school, I think.
Speaker 3 (09:17):
I mean, when you're manufacturing a car, since as it
comes by, I don't think you need a college education
to get a manufacturing company. And when you can't eat,
you'd be amazed how quickly you'll find a job.
Speaker 4 (09:29):
So I don't know, maybe i'd like to see that.
I'd like to see. At the same time, I think
the tariffs are working. I mean, we've seen some fluctuations
in the market. We've seen a little bit of instability,
but we knew that was coming. And it's crazy. Trump
coined the phrase panic, and man, you know, it's interesting
in this movement, you know, And look, I watched my
(09:51):
four oh one k grand I'm forty three, I'm not
going to retire for shit. Who knows it ever, But yeah,
I watch it and you know it took a hit,
But you know I've got time. It's not like I'm
retiring next year, but it's got time to go back.
And one thing, I am not a Wall Street guy,
but I think anybody with half a brain can tell
you that markets always rally after it falls. I mean,
(10:14):
look look at the Dow Jones Industrial average from day
one to now. It's an upward trajectory, little dips here
and there, but it always rallies, it always rebounds. You know,
the fat cats will always eat and they will always
find opportunities. When the market falls, people will buy. When
the market goes up, people will make money. Then there'll
be panic sell offs, and then it'll fall again. That
(10:36):
that is the nature of human kind. It's never going
to be a straight vertical line. It's never going to
be that way. We can't help our cells. We're fickle creatures.
We're creatures that respond based on impulse. If we see
the markets starting to fall, people panic sell. It happens.
I get it. I mean, look at COVID. People went
out and bought you know, six months worth of toilet
paper for a respiratory illness. I can't. I can't begin
(10:58):
to explain human behavior to you. But that being said,
there's gonna be some instability in the market for a
few days. But it's so funny watching these like dive
in the wall Trump supporters. The minute there four oh
one K loses eleven hundred dollars, They're like, oh my god,
I can't believe I voted for this guy. This is terrible.
I'm panicking. Like, you know, you want Trump to fight.
Here's the thing, Americans, conservative Americans. You want a fighter,
(11:21):
but you don't like the fight. You like the idea
of a fighter, you like the imagery, you like the
Trump memes is Rocky or Rambo. But when he's actually
in the fight, you know what happens when you're in
a fight. You get hit, you get punched, you get hit,
you take punishment. I mean, any good fight movie, you know,
does the hero come out there just beat the crap
(11:42):
out of the villain. It's no, he's getting he's getting
his butt whooped, and then you know, he overcomes all
odds and he wins. That's what a fight is. So
when Trump takes on a geopolitical juggernaut like China. You
better believe that there's going to be some pain, but
that pain is temporary and it's it's so worth it
if the long term outcome of it is a reduction
(12:05):
from our dependence on China. Evening and laying out the
playing field in a manner that works for us, and
it really should be America first. I'm not concerned about China.
I'm not concerned about Chinese manufacturers. I'm not concerned about
Chinese government. My only concern is that we here in
the United States and our leaders do what's right for us.
(12:27):
So the market turned a little bit, it started to
rebound and come back. How do you think the next
couple of weeks are going to look? Do you think
we're still going to see some you know, peaks and valleys.
Do you think it's gradually coming back up? What do
you think the sentiment is right now?
Speaker 3 (12:42):
I think it's gonna be a bumpy road for okay,
ninety days. It's gonna but you can play it on
the way down. You can play it all the way
up if you know what you're doing. So volatility is
a good thing if you're a datriator and you know
what you're doing, which I'm not.
Speaker 4 (12:58):
I think volatility prevents a bubble from occurring. I think
if things are going, like when you have a particular
sector or even the market as a whole that's going
just a skyrocket, sooner or later it has to come
crashing down because that's not sustainable. All of a sudden,
everything's overvalued. Things have to come back to earth. We
(13:19):
saw that with technology, We've seen that with real estate.
We've seen that happen more times a week in count
So a little bit of volatility, which is basically just
the market reacting to human conditions, is a healthier thing
than just a market that's overinflated, where it's just you know,
skyrocketing up. And you know, we've seen that with tech,
(13:40):
we saw that with you know, housing in the early
two thousands. So I also think that over the last
couple of years, I think certainly stocks have been completely
overinflated as far as their values. And Bob, we've been
saying for a long time, since the beginning of the
time that we've done the show that Wall Street's never
a good indicator of the economy, and we've said that
with a Republican in the White House, which said that
(14:01):
with a Democrat in the White House, no matter how
well the DOO is doing. I mean under Joe Biden
you had times where the Dow is over forty thousand,
but inflations at nine percent, unemployment is at you know
what it is, or underemployment. More people are underemployed, not
coming back to work after COVID, and the cost of
living in real wages are stagnant. So with that being said,
(14:24):
the inflation coming down, that's huge because now Americans can
go to the grocery store and not have to make
that decision. Am I going to pay my light build
of sponsor? I A'm I gonna put groceries on the table.
And we're seeing it. And that's one of the things, Like,
you know, most people don't own stocks. The majority of
securities are owned by top percentage of wealth owners in
(14:44):
this country. So for everyday middle class Americans, you're not
looking at a four oh one k or a multimillion
dollar stock portfolio. You're looking at the gas pump. You're
looking at your grocery bill. Gas is coming down. I
mean I'm putting gas I own, you know, two big
su at a and a sports car. And you know
it's it's significantly less than what it was a year ago,
(15:07):
two years ago. I mean, we have guessed well under
three dollars here for a good while. For a lot
of Joe Biden's term, it was over four dollars. How
are you saying that? In North Carolina? It's under three.
It's come down so and it's gonna keep coming down.
He's he's gonna drill, baby, drill. We had liquid gold
under our feet and we're gonna sell it. You know
(15:29):
what he did to Venezuela.
Speaker 3 (15:30):
India is not buying the oil from Venezuela, though they're
buying it from us. He is the best negotiator in
the world, and he's negotiating for America right now. It's
he's gonna win. He gave then naw who a signed
copy of the art of the deal. He's we're in
great position. Just hold if you own stocks, don't panic,
(15:51):
Just hold and when it dips by yeah, yeah, when
it did. I don't own any stocks. I had bitcoin,
gold and I just got sixty one hour is the silver?
Speaker 4 (16:01):
No, what's gold? Isn't gold up to like three thousand
ounces right now?
Speaker 3 (16:05):
Thirty two thirty to thirty seven or something like that.
Speaker 4 (16:10):
I bought it at twenty nine to sixty. I remember
when it was like at sixteen hundred announced. It's crazy,
it's I personally think he's going to revalue it.
Speaker 3 (16:18):
It's on the books the United States is the fortnoxt
gold Hopefully it's there, maybe even more.
Speaker 4 (16:23):
It's on the books. It's forty two dollars an ounce.
Speaker 3 (16:26):
If he if he readjusts that to say one hundred
and twenty thousand announce, he could pay off the debt.
Speaker 4 (16:31):
Boom. We're on the gold standard again. That's why I
bought gold and silver. It's it's remarkable. It's remarkable what
he's doing. What do you think, you know, people coming
out saying that he caved on tariffs when he announced,
you know, putting some of them on hold for ninety days.
Do you think that that he had a plan to,
(16:52):
you know, show China and show the world that he
wasn't kidding. Do you think that he responded to market turmoil?
What do you think happened? I don't think he came
in there Willie Nillian and said I'm just gonna throw
this out there to see what happened. I think he knew
what was gonna happen with the market, So I think
he knew what he was doing. Yep.
Speaker 8 (17:07):
And create he's still a ten terarif on everybody. And
if you're willing to negotiate China's nuts, man, I think
they raised the terriffsic on us again. They're like, what
are you playing chicken with all? Their whole society is
going to die.
Speaker 4 (17:22):
Yeah, And if that's if that's what it takes for
us to get off this roller coaster, then it is
what it is because China's been abusing us for forty years,
fifty years, and it's entirely our fault that we're in
bed with them. And you know, at the end of
the day, you know, it's it's a it's a demand
side problem because we as Americans like our chief goods,
(17:44):
we like our cheap electronics, we like our goods from China,
and it just it costs us two damn much to
manufacture in the US. Now, I've always said I thought
that they should if you want to open a factory
here in the US, you should be exempt from, you know,
certain taxes for the first ten years. There should be
tremendous benefits, government grants. You have to incentivize you. It
(18:08):
can't virtue by itself, cannot be enough because at the
end of the day, this is capitalism, and money speaks
louder than any virtues or values. And even companies that
virtue signal or say these are our values, it's all
for money. No one's doing it because they're altruistic. I mean,
the great economist Adam Smith. It's not in the benevolence
of the baker that you get your bread. You're not
getting your bread because some baker goes out and says,
(18:30):
I want to feed the hungry. You know, he wants
to make a living. And that's the same thing with corporation.
So whether you know when bud Light went and put
Dylan mulvaney on a can, they were doing that because
they were trying to appeal to a certain sector of people.
When they realize that those aren't the people that buy
their beer, they quickly backtracked. There's no such thing as
corporate values. There's only capitalism and there's only money. So
(18:52):
even if you have a company that wants to be American,
maide America, or we make it America for the heartland,
for American people. It still has to make financial sense.
So I think at the same time, while Trump's engaged
in this tariff battle with China, we have to be
making a more business friendly environment here at home. Yeah. Hey, nephew,
(19:12):
and I won believe it was. It destroyed North Carolina.
Speaker 7 (19:16):
I'm sitting in Charlotte, North Carolina, so one tail north
of US Concord.
Speaker 3 (19:20):
Had all these factories, huge textiles boom all the China.
Speaker 4 (19:25):
How about the furniture industry in North Carolina? Huge good
I get, Yeah, you know the furniture that we get
well North Carolina. Don't they still make furniture there? I mean, yeah,
they Tennessee up there, they make the furniture up there.
But yeah, a lot of it comes from China, at
least the cheap, you know, t mood stuff that you
slap together. If you want good products, I mean, I
(19:47):
will tell you we make good products here in the US.
I think. The one thing that we don't do as
well as other countries, and China's not in the car manufacturer,
as far as like a brand name manufacturer. I'm sure
a lot of parts are made in China, but America
to make cars or they can't compete with the rest
of the world. I think Japanese German cars are's far
superior machines than you're Ford or Chevrolet. Yeah, but don't
(20:08):
let him go over one hundred thousand miles.
Speaker 3 (20:10):
I had a Jetta and to change the front light
bulb one light bulb was one hundred bucks and you
had to take the whole front end off.
Speaker 4 (20:17):
So I'd rather have a Ford. Yeah, but they're not reliable.
I've known a lot of people who have had Fords,
and they're always in the shop I've owned. I've owned
a lot of Japanese cars, Toyota's Lexus Infinity, amazing cars,
absolutely amazing German cars. I've owned a lot of Audi's.
I think German cars are incredible. Italian cars they're fragile,
(20:44):
but they look nice, they sound good. But I think
as far like if I had to go out and
buy a car to my son Jesus Christ, He's gonna
be fifteen in the fall, and I wanted to buy
I know a little John. I wanted to buy him
a car when he turns fifteen, so when you get Superman,
he could learn to drive on that particular car and
get it at the end of the year with all
the you know, the sales and stuff like that, and
(21:08):
you know, I want to have like a ma handa
Siva Conduct Cord or something that I think. I think
those are phenomenal cars. I talk, I'm gonna go out
and buy them. You know, af Ford what even I mean,
what even sedans do they make? I mean they're not
even in the What am I gonna get them? Afford?
What sedans does Ford make? I don't think they make
them anymore. They had the tourists, but I think they're
(21:29):
just doing his SUVs. They're just doing sc They don't
make sedans anymore. Yeah, I don't know if I'm gonna buy
them an STUV. But even then, like even if I
was going to buy an STV, like I really like
the Mitsubishi Outlander. It's a really good price point for
a mid sized suv. You know, I'm not gonna buy
a Ford Explorer, Ford Edge. Those are those are just
inferior products. Escape an Escape when a year ago I
(21:52):
bought a brand new g SO.
Speaker 3 (21:54):
Prior to that, for six years I had to to
escapes and they call them a stop bad.
Speaker 4 (21:59):
They're great. Jeeps are good cars, Like I like jeeps
a lot. I've owned a Jeep. My father in law
just got the big not the Grand Wagonear but the
new model Jeep Grand Cherokee. Those cars, man, I know,
people think Jeeps are economical. They are not cheap cars.
Speaker 3 (22:15):
No, no, they are herbo It's just crap.
Speaker 4 (22:19):
You go get one of those, like Grand Wagoneers, like
for the family, you're looking at spending seventy five grand
and the full size, fully loaded Jeep Grand Cherokees easily
over sixty. I remember years and years ago, like when
you go shop for a Jeep like they're in like
the high thirties. But no, they're cars are just going
up in general. I've looked at you know, cars that
(22:39):
I bought a year or two ago, easily easily based
models up ten thousand more than they were a year
or two ago. Thanks fed. Yeah, yeah, so that's you know,
car markets gotta gotta recover. Homes are still highly over overpriced.
I think they were. All my friends that are real
litters are saying nothing's moving.
Speaker 3 (23:00):
And they're not coming down like they did in two
thousand and eight, which is a shame.
Speaker 4 (23:03):
Well, okay, so we bought our house in covid for
half of what it's worth now. It's doubled in value
in five years. And granted we've done a lot to it,
but just on its own, I mean, without even taking
into account any modifications or remodels or stuff we've done,
just the market by itself now. Granted, living in Florida
because when COVID hit our population boom, people came here.
(23:25):
But people are still hanging onto assets that are over valued.
They're not coming down. And then interest rates still aren't
where they need to be. And if you were to
sell your house, you sell your house for you have
a million five house, you sell for a million five,
you five hundred thousand on it. You walk away with
a million. But then what are you going to buy?
Where are you going to go? If you want a
lateral move? I mean, you're looking at your trapped So
(23:48):
I jokingly, well jokingly and affectionately say, I purchase my
tomb because I love where I am and I want
to pay this thing off. And then one day, because
I'm self employed and I don't have a pension coming
my way, sell it to live on Easy Street. But
you know, I this is what I voted for, man.
I voted for the guy to take the sling to
(24:09):
Goliath and you know, and be in the fight. And
I think people have to calm down. I think people
have to realize that this is part of the process.
It doesn't happen painlessly. You're not gonna pick a fight
with China and not take a few bumps and bruises.
But you have to look at it in terms of
where your portfolio, where your finances are going to be
(24:32):
in six months to a year. Now. If you're ready
to retire, like your retirement party was on Friday, and
you're ready to cash at you four to one k,
I get I get it. Believe me, I get it.
It's not easy waking up in the morning and seeing
that you're you know, four one k's down significant percentage,
but you know it's gonna it's gonna come back. It's
gonna come back. And in the long run, this is
(24:54):
going to make us so much stronger. And no one's
ever had the balls to stand up to China. And
and again I wish, I wish Congress was was behind Trump,
but again I think too many of them are compromised.
I think China's China has been buying off our congressman
for the last forty years. I think there's so many
in there that, you know, we look at at Joe
(25:15):
Biden and his connection to Ukraine and his son is
funny enough, the brilliant hunter Biden is no longer being
sought after to sit on boards of foreign energy companies.
What happened? I thought he was brilliant. Why let that
talent go to waste? Oh god, what a scam? All
his artwork burned in the in the palace inspire? Oh
(25:35):
he did? Yeah?
Speaker 3 (25:36):
Oh wow, he hasn't made an insurance claim because they're
probably gonna nail him with insurance brod are they?
Speaker 4 (25:43):
Well his dad didn't pardon him for that. That's a
state level crime. Yeah yeah? What else? Not much? Man?
We are oh act? Yeah, so tell us about that.
That's one day voting paper ballots? Proof is it? And shit?
Speaker 3 (26:00):
I think they should make it a federal holiday. It
passed the House, it's gonna go to the Senate, and
I'd like to think it's gonna pass. But if it
does pass and the President signs it, the Democrats are
destroyed in twenty twenty six, destroyed.
Speaker 4 (26:17):
Look and again, that's that's so important, and that's going
to eliminate fraud. And when you remove fraud from the equation,
and then you take a party with twenty one percent approval,
and by and large people are leaving, not necessarily coming
over to Trump or the conservative side. I think they're
just walking away from politics in general, just going like
I don't believe in any of it. But I still say,
(26:39):
and again, yet, you have to get out of the
realm of the internet and just go out in the world.
The overwhelming majority of Democrats are reasonable people. I know
lots of them. I've had plenty of them in my home.
I interact with them on a daily basis. And again,
I remember when the election came around, I had a
lot of lifelong Democrats come up to me and say,
(26:59):
first I've ever voted Republican or I sat out voting
because my party's gone too far. And the big issue,
believe it or not, for a lot of them was
the transgender issue. They just said, I just can't have
my teenage daughter playing on a team with a boy,
having a boy and my daughter's changing room. I can't
have that.
Speaker 3 (27:15):
That and transitioning kids when hiding it from the parents,
It's like, come on, man, how evil are you?
Speaker 4 (27:22):
Well, you know, I think that's on the way out
and the pronoun thing, and you know, that's kind of
like yesterday's news. But there's still a good chunk of
the party that's trying to hang on to that. I
think that the Democrats have squandered a rare opportunity. I'll
put on my you know, try to be unbiased, put
on my political science hat for a moment where if
(27:43):
I were advising the Democratic leadership, I'd say, my God,
used this as an opportunity to rebrand and come back
as a center left party, going after like heartland, disenfranchised
Democrats Pennsylvania, Ohio, New York, going after those people like,
you know, propping up maybe someone like Josh Shapiro who
(28:06):
appeals to a lot of those people, Like if you
have like a what's her name Crockett, what's someone that Crockett?
AOC ticket in twenty twenty eight, jd. Vance will will
walk roll out the red carpet. He's walking right into
the White House. Yeah. Yeah, So that being said, Hey,
you know what, Look, there's gonna be some turmoil in
(28:26):
the market, and Bob, I think your estimation is right
probably ninety days. It's not gonna go away overnight. You're
gonna have days where it's up eleven hundred points, you're
gonna have days where it goes down fifteen hundred. That's
just how it's going to be. These are growing pains.
But that's how you grow. You know, It's like think
of it like going to the gym. You know, you
don't grow without pain, you don't grow without failure. You
have to push yourself and that's how you get these
(28:48):
enemies to come to test. Because if you think China's
gonna just roll over for the US, you don't understand China.
They're a tough opponent, but we have to be tougher.
And when you fight someone who's tough, you're gonna take
some punishment in the process. But we are gonna come
out on top. And a year from now we're going
to be looking back one I'm glad we did that,
and your four one K is going to be up
exponentially and the country is going to be in a
much better position than it is right now. And no
(29:10):
frienerally income tax. Baby, you know, baby steps here. I
think that might be a tall order. I'm with you
on that one hundred percent, but is that ever going
to happen. I don't know. I'd like to well, you know, again,
part of living in Florida, we have no state income tax.
A lot of other states are going for that too.
Speaker 7 (29:28):
Yeah, but Florida, Florida's expensive is crack compared to Carolina.
Speaker 4 (29:34):
It's gotten expensive. It's gotten more expensive as more and
more people have come here, you know, certainly as our
demand has exceeded the supply. You know, it is definitely.
Price of homes, price of goods, price of rent, rents
are very expensive, and at least in Miami and Broward
County and Palm Beach County, they're very expensive. Very With
(29:54):
that being said, guys, thank you so much for joining
us today. We will see you all next Saturday. Hold
onto your stocks, don't PANICXCEL and UH, don't be part
of the problem. Don't be a panic in Uh. Believe
in what we're doing, Believe in America, and believe in
capitalism because at the end of the day, people will
always want to earn a living and they will always
find a way to uh, you know, turn any kind
(30:17):
of downturn into enough swing. Yeah. Be well, guys, pleasure
to have all you God bliss.
Speaker 1 (30:27):
Keep America.
Speaker 2 (30:28):
You keep America, we'll keep America. Greet keep America.
Speaker 1 (30:37):
You keep America, We'll keep americ
Keep America. You keep America.
Speaker 2 (00:06):
We'll keep Americ con Gray, keep Americ.
Speaker 1 (00:12):
Can you jeep America? Well? Keep Americ? Could be ah,
keep Americ? Can you jap America? Well, jep American concrete.
Speaker 3 (00:29):
Welcome to Bob and Eric Steer American Podcast.
Speaker 4 (00:31):
My name is Bob and my name is Eric Methini.
Thank you all for tuning in. Guys, please please please
hit up the Patreon patroon dot com slash Bob and Eric.
Everything you give helps the show continue to come to
you week after week, year after year. Uh, indefinitely, I
hope so. And we had a lot to discuss today,
and I think at the top of the list, at
the top of my mind is we are in a
(00:53):
bad relationship this country. We're in an abusive relationship with
a country named China, and for whatever reason, for whatever reason,
reasons beyond my comprehension, well maybe not beyond my comprehension,
I speculate as to the reasons, but the reason being
is that China we have committed some mortal sins in
our lifetime as a country, not the current administration because
(01:15):
he's inheriting this unfortunately. But go back decades, go back decades,
and decades, you know, possibly even when we were children,
or before we sold ourselves to China in a way
that has put us in a precarious situation. Least of
all or I guess most noteworthy would have been I
remember in the opening weeks of COVID, do you remember
there was a shortagejump prescriptions.
Speaker 5 (01:37):
We realized how many of our prescriptions are made in China.
Our entire manufacturing sector has been shipped off to China,
and we're sort of at their beck and call. And
Trump is the first president I've ever seen in our
lifetime who's had the gumption to stand up to China.
(01:58):
And I think, frankly because he's.
Speaker 4 (01:59):
Not owned by a couple of things about China. When
I talk about this relationship we're in China had a
massive role to play with COVID. They had a massive
role to play with the Wuhan Virology Institute with the
virus getting out, with being dishonest about the way it
had gotten out, getting it over to the US. We
could talk about fauci, we could talk about funding, we
(02:19):
could talk about how COVID came to be, and I'm
all happy to do that, But China had a major
role in this operation, and they've never once been held accountable,
and there really hasn't even been a serious talk about it.
Bob and I have to wonder if we go back
to March of twenty twenty and instead of the Wuhan
Institute of Virology, it was the Moscow Institute of Virology
(02:40):
and COVID came out of Russia. What do you think
the response would have been a nuclear bomb? Probably? No,
that's absolutely right. Why is it that China gets a
pass but Russia is the book? Russia is not a
threat to us. Do people realize that Russia can do
nothing to us economically, They could do nothing to us militarily,
(03:02):
They could do nothing to us. Why is Russia the
big bad boogieman and China gets the pass? It's because
China's bribed everybody with money. They bought everybody out off see.
I think that should be Doje's next move. I think
that they need to look back into the bank accoun Well,
I guess you can't see it in the bank accounts,
because if I were getting kickback money, I certainly wouldn't
(03:22):
put it in my well as far into a checking account,
I'd probably have some offshore account but we need a
real serious, not a Lindsey Graham style, strongly worded letter investigation.
We need a real forensic audit of the finances of
these people that have been in power, Namely, you know,
the guys like Mitch McConnell, Nancy Celosi who've been here
since the eighties, who have this protective instinct when it
(03:46):
comes to China, the ones that are speaking out against
this this tariff battle that we're engaged in right now,
which ultimately is to get us off this Chinese dependency
and to even the playing field China. China has grand
designs of being the global superpower. They want to unseat
the United States. And one of the big things we
(04:06):
talked about this a lot when Biden had his disastrous
withdrawal from Afghanistan. One of the things that it did
is it opened up that fifty eight mile border between
China and Afghanistan, and China is in business with the Taliban,
And who do you think has all the rights to
those precious minerals, those minerals that we need in our electronics,
as electronics that you're using to watch and listen to
(04:27):
this program that quite frankly, could have very well been
assembled by a twelve year old in China. You know,
when the media says we know Chinese manufacturers are really
referring to like the nine and ten year old kids
that sew your shoes together. So we have created so
many opportunities, and they have this initiative where they want
basically global trade to go through China. They want to
(04:49):
be the hub of global commerce, and they do what
they want. They're able to undercut manufacturers here. They can
do it cheap because they have no human rights protections place.
They'll use child labor. They don't have the same laws
and rules and regulations that we have here, and that's
why they're able to undercut manufacturers. So if we're if
we want to open a factory in Ohio and I
(05:11):
got to pay workers thirty dollars an hour and you
have to ensure them and you have to be OSHA compliant,
for a fraction of that, you could send it off
to China. And that's the problem that we hadn't we
didn't recognize that. We saw that at the time as
a financial opportunity. You know, if you're a business owner
and you see, well, I can make my goods cheaper
in China, I think I'm going to opt to do
(05:31):
it that way. And we saw that back, especially in
like the Clinton era in the nineties, as being a
good thing. Oh, open up global trade, global markets, that's great.
Stave American manufacturers money and ship the jobs over to China.
I don't think we realized at the time the impact
that that would have thirty forty years later. My question
for you, Bob, and I feel like sometimes I'm shouting
(05:52):
into the wind here. Is it even feasible to get
that back? How in the modern era can we take
that back from China when we can't compete economically with them. Well,
I think we can get all the prescription drugs back, the.
Speaker 3 (06:06):
Cars, yes, electronics somewhat.
Speaker 6 (06:11):
We just want to love them playing field. China has
screwed themselves. They were already in a recession depression. I
saw a video yesterday and no one's doing anything. The
problem is they don't consume. It's not a consumer based economy,
it's a export economy. Because everybody's so.
Speaker 3 (06:29):
Broke, they don't buy anything, So they're screwed.
Speaker 4 (06:32):
No one was shopping, stores were empty. They're screwed. They
just don't care about the people. Yeah, what is it
like the things we talk a lot about the Chinese government.
We talk a lot about Chinese business, but we rarely
talk about what it's like they're for Chinese people. I mean,
that's the truth. What is China consuming? What are they
consuming in the global markets? What are they buying from
(06:54):
us other than coorn to make their whiskey? Really? Yeah,
you're not a farmer in China right now. You're screwed.
Its screwed. Yeah. And the problem is, so China's gotten
away with these trade policies because they've created an environment
where they can undercut us. They can manufacture the goods
for a fraction of what we have to pay here,
(07:16):
and in turn, they can jack up tariffs fifty sixty
percent on us because we're also these items are going
to get made, they're still more expensive to get made here. See.
I think it's a twofold problem. I think, on one hand,
you know, we should want to buy American. I mean
that should just be an American virtue, buy American. The
problem is it's one thing to virtue signal to say
I'm going to buy American and then go out and
(07:38):
actually do it. When the cost of goods granted, inflation
is down to about two and a half percent, down
from eight percent, Thank you, President Donald Trump. It's still
it still doesn't from a purely economic standpoint, it doesn't
make fiscal sense. If I'm just some ruthless business tycoon
and I don't have any virtues or value and I
just want to care about my bottom line, You're damn right,
(08:00):
I'm going to make my goods in China. How do
we level the playing field as far as making it
more competitive for our manufacturers? How do we give them
an incentive to manufacture here in the United States? Tiffsa
Is that enough? Though? Tariff's enough?
Speaker 7 (08:15):
No, Our regulatory agencies are just stifling. So we have
to reduce regulation, reduce electricity or power, and lower taxes
for corporations, all of those things in terif to what end.
Speaker 4 (08:32):
Do you think that it's a cultural problem? Case in
point that if I want to build a factory in Ohio,
am I going to go recruit on the Ohio State
University campus and get college kids to come over and
work in a factory for twenty two dollars an hour
upon graduation? Do we have young people? Do we have
enough young people that are willing to do that, that
(08:53):
to have the work ethic and the reasonable expectation that
they're not going to come out of college and make
two hundred thousand dollars a year as a TikTok influencer.
I mean, isn't that a cultural problem as well, because China,
say what you will about China and Japan and Asia,
they've got stronger cultural discipline than we have. I've said
that for years, certainly not Japan. I manufacturing, really, all
(09:15):
you really need is high school, high school, I think.
Speaker 3 (09:17):
I mean, when you're manufacturing a car, since as it
comes by, I don't think you need a college education
to get a manufacturing company. And when you can't eat,
you'd be amazed how quickly you'll find a job.
Speaker 4 (09:29):
So I don't know, maybe i'd like to see that.
I'd like to see. At the same time, I think
the tariffs are working. I mean, we've seen some fluctuations
in the market. We've seen a little bit of instability,
but we knew that was coming. And it's crazy. Trump
coined the phrase panic, and man, you know, it's interesting
in this movement, you know, And look, I watched my
(09:51):
four oh one k grand I'm forty three, I'm not
going to retire for shit. Who knows it ever, But yeah,
I watch it and you know it took a hit,
But you know I've got time. It's not like I'm
retiring next year, but it's got time to go back.
And one thing, I am not a Wall Street guy,
but I think anybody with half a brain can tell
you that markets always rally after it falls. I mean,
(10:14):
look look at the Dow Jones Industrial average from day
one to now. It's an upward trajectory, little dips here
and there, but it always rallies, it always rebounds. You know,
the fat cats will always eat and they will always
find opportunities. When the market falls, people will buy. When
the market goes up, people will make money. Then there'll
be panic sell offs, and then it'll fall again. That
(10:36):
that is the nature of human kind. It's never going
to be a straight vertical line. It's never going to
be that way. We can't help our cells. We're fickle creatures.
We're creatures that respond based on impulse. If we see
the markets starting to fall, people panic sell. It happens.
I get it. I mean, look at COVID. People went
out and bought you know, six months worth of toilet
paper for a respiratory illness. I can't. I can't begin
(10:58):
to explain human behavior to you. But that being said,
there's gonna be some instability in the market for a
few days. But it's so funny watching these like dive
in the wall Trump supporters. The minute there four oh
one K loses eleven hundred dollars, They're like, oh my god,
I can't believe I voted for this guy. This is terrible.
I'm panicking. Like, you know, you want Trump to fight.
Here's the thing, Americans, conservative Americans. You want a fighter,
(11:21):
but you don't like the fight. You like the idea
of a fighter, you like the imagery, you like the
Trump memes is Rocky or Rambo. But when he's actually
in the fight, you know what happens when you're in
a fight. You get hit, you get punched, you get hit,
you take punishment. I mean, any good fight movie, you know,
does the hero come out there just beat the crap
(11:42):
out of the villain. It's no, he's getting he's getting
his butt whooped, and then you know, he overcomes all
odds and he wins. That's what a fight is. So
when Trump takes on a geopolitical juggernaut like China. You
better believe that there's going to be some pain, but
that pain is temporary and it's it's so worth it
if the long term outcome of it is a reduction
(12:05):
from our dependence on China. Evening and laying out the
playing field in a manner that works for us, and
it really should be America first. I'm not concerned about China.
I'm not concerned about Chinese manufacturers. I'm not concerned about
Chinese government. My only concern is that we here in
the United States and our leaders do what's right for us.
(12:27):
So the market turned a little bit, it started to
rebound and come back. How do you think the next
couple of weeks are going to look? Do you think
we're still going to see some you know, peaks and valleys.
Do you think it's gradually coming back up? What do
you think the sentiment is right now?
Speaker 3 (12:42):
I think it's gonna be a bumpy road for okay,
ninety days. It's gonna but you can play it on
the way down. You can play it all the way
up if you know what you're doing. So volatility is
a good thing if you're a datriator and you know
what you're doing, which I'm not.
Speaker 4 (12:58):
I think volatility prevents a bubble from occurring. I think
if things are going, like when you have a particular
sector or even the market as a whole that's going
just a skyrocket, sooner or later it has to come
crashing down because that's not sustainable. All of a sudden,
everything's overvalued. Things have to come back to earth. We
(13:19):
saw that with technology, We've seen that with real estate.
We've seen that happen more times a week in count
So a little bit of volatility, which is basically just
the market reacting to human conditions, is a healthier thing
than just a market that's overinflated, where it's just you know,
skyrocketing up. And you know, we've seen that with tech,
(13:40):
we saw that with you know, housing in the early
two thousands. So I also think that over the last
couple of years, I think certainly stocks have been completely
overinflated as far as their values. And Bob, we've been
saying for a long time, since the beginning of the
time that we've done the show that Wall Street's never
a good indicator of the economy, and we've said that
with a Republican in the White House, which said that
(14:01):
with a Democrat in the White House, no matter how
well the DOO is doing. I mean under Joe Biden
you had times where the Dow is over forty thousand,
but inflations at nine percent, unemployment is at you know
what it is, or underemployment. More people are underemployed, not
coming back to work after COVID, and the cost of
living in real wages are stagnant. So with that being said,
(14:24):
the inflation coming down, that's huge because now Americans can
go to the grocery store and not have to make
that decision. Am I going to pay my light build
of sponsor? I A'm I gonna put groceries on the table.
And we're seeing it. And that's one of the things, Like,
you know, most people don't own stocks. The majority of
securities are owned by top percentage of wealth owners in
(14:44):
this country. So for everyday middle class Americans, you're not
looking at a four oh one k or a multimillion
dollar stock portfolio. You're looking at the gas pump. You're
looking at your grocery bill. Gas is coming down. I
mean I'm putting gas I own, you know, two big
su at a and a sports car. And you know
it's it's significantly less than what it was a year ago,
(15:07):
two years ago. I mean, we have guessed well under
three dollars here for a good while. For a lot
of Joe Biden's term, it was over four dollars. How
are you saying that? In North Carolina? It's under three.
It's come down so and it's gonna keep coming down.
He's he's gonna drill, baby, drill. We had liquid gold
under our feet and we're gonna sell it. You know
(15:29):
what he did to Venezuela.
Speaker 3 (15:30):
India is not buying the oil from Venezuela, though they're
buying it from us. He is the best negotiator in
the world, and he's negotiating for America right now. It's
he's gonna win. He gave then naw who a signed
copy of the art of the deal. He's we're in
great position. Just hold if you own stocks, don't panic,
(15:51):
Just hold and when it dips by yeah, yeah, when
it did. I don't own any stocks. I had bitcoin,
gold and I just got sixty one hour is the silver?
Speaker 4 (16:01):
No, what's gold? Isn't gold up to like three thousand
ounces right now?
Speaker 3 (16:05):
Thirty two thirty to thirty seven or something like that.
Speaker 4 (16:10):
I bought it at twenty nine to sixty. I remember
when it was like at sixteen hundred announced. It's crazy,
it's I personally think he's going to revalue it.
Speaker 3 (16:18):
It's on the books the United States is the fortnoxt
gold Hopefully it's there, maybe even more.
Speaker 4 (16:23):
It's on the books. It's forty two dollars an ounce.
Speaker 3 (16:26):
If he if he readjusts that to say one hundred
and twenty thousand announce, he could pay off the debt.
Speaker 4 (16:31):
Boom. We're on the gold standard again. That's why I
bought gold and silver. It's it's remarkable. It's remarkable what
he's doing. What do you think, you know, people coming
out saying that he caved on tariffs when he announced,
you know, putting some of them on hold for ninety days.
Do you think that that he had a plan to,
(16:52):
you know, show China and show the world that he
wasn't kidding. Do you think that he responded to market turmoil?
What do you think happened? I don't think he came
in there Willie Nillian and said I'm just gonna throw
this out there to see what happened. I think he knew
what was gonna happen with the market, So I think
he knew what he was doing. Yep.
Speaker 8 (17:07):
And create he's still a ten terarif on everybody. And
if you're willing to negotiate China's nuts, man, I think
they raised the terriffsic on us again. They're like, what
are you playing chicken with all? Their whole society is
going to die.
Speaker 4 (17:22):
Yeah, And if that's if that's what it takes for
us to get off this roller coaster, then it is
what it is because China's been abusing us for forty years,
fifty years, and it's entirely our fault that we're in
bed with them. And you know, at the end of
the day, you know, it's it's a it's a demand
side problem because we as Americans like our chief goods,
(17:44):
we like our cheap electronics, we like our goods from China,
and it just it costs us two damn much to
manufacture in the US. Now, I've always said I thought
that they should if you want to open a factory
here in the US, you should be exempt from, you know,
certain taxes for the first ten years. There should be
tremendous benefits, government grants. You have to incentivize you. It
(18:08):
can't virtue by itself, cannot be enough because at the
end of the day, this is capitalism, and money speaks
louder than any virtues or values. And even companies that
virtue signal or say these are our values, it's all
for money. No one's doing it because they're altruistic. I mean,
the great economist Adam Smith. It's not in the benevolence
of the baker that you get your bread. You're not
getting your bread because some baker goes out and says,
(18:30):
I want to feed the hungry. You know, he wants
to make a living. And that's the same thing with corporation.
So whether you know when bud Light went and put
Dylan mulvaney on a can, they were doing that because
they were trying to appeal to a certain sector of people.
When they realize that those aren't the people that buy
their beer, they quickly backtracked. There's no such thing as
corporate values. There's only capitalism and there's only money. So
(18:52):
even if you have a company that wants to be American,
maide America, or we make it America for the heartland,
for American people. It still has to make financial sense.
So I think at the same time, while Trump's engaged
in this tariff battle with China, we have to be
making a more business friendly environment here at home. Yeah. Hey, nephew,
(19:12):
and I won believe it was. It destroyed North Carolina.
Speaker 7 (19:16):
I'm sitting in Charlotte, North Carolina, so one tail north
of US Concord.
Speaker 3 (19:20):
Had all these factories, huge textiles boom all the China.
Speaker 4 (19:25):
How about the furniture industry in North Carolina? Huge good
I get, Yeah, you know the furniture that we get
well North Carolina. Don't they still make furniture there? I mean, yeah,
they Tennessee up there, they make the furniture up there.
But yeah, a lot of it comes from China, at
least the cheap, you know, t mood stuff that you
slap together. If you want good products, I mean, I
(19:47):
will tell you we make good products here in the US.
I think. The one thing that we don't do as
well as other countries, and China's not in the car manufacturer,
as far as like a brand name manufacturer. I'm sure
a lot of parts are made in China, but America
to make cars or they can't compete with the rest
of the world. I think Japanese German cars are's far
superior machines than you're Ford or Chevrolet. Yeah, but don't
(20:08):
let him go over one hundred thousand miles.
Speaker 3 (20:10):
I had a Jetta and to change the front light
bulb one light bulb was one hundred bucks and you
had to take the whole front end off.
Speaker 4 (20:17):
So I'd rather have a Ford. Yeah, but they're not reliable.
I've known a lot of people who have had Fords,
and they're always in the shop I've owned. I've owned
a lot of Japanese cars, Toyota's Lexus Infinity, amazing cars,
absolutely amazing German cars. I've owned a lot of Audi's.
I think German cars are incredible. Italian cars they're fragile,
(20:44):
but they look nice, they sound good. But I think
as far like if I had to go out and
buy a car to my son Jesus Christ, He's gonna
be fifteen in the fall, and I wanted to buy
I know a little John. I wanted to buy him
a car when he turns fifteen, so when you get Superman,
he could learn to drive on that particular car and
get it at the end of the year with all
the you know, the sales and stuff like that, and
(21:08):
you know, I want to have like a ma handa
Siva Conduct Cord or something that I think. I think
those are phenomenal cars. I talk, I'm gonna go out
and buy them. You know, af Ford what even I mean,
what even sedans do they make? I mean they're not
even in the What am I gonna get them? Afford?
What sedans does Ford make? I don't think they make
them anymore. They had the tourists, but I think they're
(21:29):
just doing his SUVs. They're just doing sc They don't
make sedans anymore. Yeah, I don't know if I'm gonna buy
them an STUV. But even then, like even if I
was going to buy an STV, like I really like
the Mitsubishi Outlander. It's a really good price point for
a mid sized suv. You know, I'm not gonna buy
a Ford Explorer, Ford Edge. Those are those are just
inferior products. Escape an Escape when a year ago I
(21:52):
bought a brand new g SO.
Speaker 3 (21:54):
Prior to that, for six years I had to to
escapes and they call them a stop bad.
Speaker 4 (21:59):
They're great. Jeeps are good cars, Like I like jeeps
a lot. I've owned a Jeep. My father in law
just got the big not the Grand Wagonear but the
new model Jeep Grand Cherokee. Those cars, man, I know,
people think Jeeps are economical. They are not cheap cars.
Speaker 3 (22:15):
No, no, they are herbo It's just crap.
Speaker 4 (22:19):
You go get one of those, like Grand Wagoneers, like
for the family, you're looking at spending seventy five grand
and the full size, fully loaded Jeep Grand Cherokees easily
over sixty. I remember years and years ago, like when
you go shop for a Jeep like they're in like
the high thirties. But no, they're cars are just going
up in general. I've looked at you know, cars that
(22:39):
I bought a year or two ago, easily easily based
models up ten thousand more than they were a year
or two ago. Thanks fed. Yeah, yeah, so that's you know,
car markets gotta gotta recover. Homes are still highly over overpriced.
I think they were. All my friends that are real
litters are saying nothing's moving.
Speaker 3 (23:00):
And they're not coming down like they did in two
thousand and eight, which is a shame.
Speaker 4 (23:03):
Well, okay, so we bought our house in covid for
half of what it's worth now. It's doubled in value
in five years. And granted we've done a lot to it,
but just on its own, I mean, without even taking
into account any modifications or remodels or stuff we've done,
just the market by itself now. Granted, living in Florida
because when COVID hit our population boom, people came here.
(23:25):
But people are still hanging onto assets that are over valued.
They're not coming down. And then interest rates still aren't
where they need to be. And if you were to
sell your house, you sell your house for you have
a million five house, you sell for a million five,
you five hundred thousand on it. You walk away with
a million. But then what are you going to buy?
Where are you going to go? If you want a
lateral move? I mean, you're looking at your trapped So
(23:48):
I jokingly, well jokingly and affectionately say, I purchase my
tomb because I love where I am and I want
to pay this thing off. And then one day, because
I'm self employed and I don't have a pension coming
my way, sell it to live on Easy Street. But
you know, I this is what I voted for, man.
I voted for the guy to take the sling to
(24:09):
Goliath and you know, and be in the fight. And
I think people have to calm down. I think people
have to realize that this is part of the process.
It doesn't happen painlessly. You're not gonna pick a fight
with China and not take a few bumps and bruises.
But you have to look at it in terms of
where your portfolio, where your finances are going to be
(24:32):
in six months to a year. Now. If you're ready
to retire, like your retirement party was on Friday, and
you're ready to cash at you four to one k,
I get I get it. Believe me, I get it.
It's not easy waking up in the morning and seeing
that you're you know, four one k's down significant percentage,
but you know it's gonna it's gonna come back. It's
gonna come back. And in the long run, this is
(24:54):
going to make us so much stronger. And no one's
ever had the balls to stand up to China. And
and again I wish, I wish Congress was was behind Trump,
but again I think too many of them are compromised.
I think China's China has been buying off our congressman
for the last forty years. I think there's so many
in there that, you know, we look at at Joe
(25:15):
Biden and his connection to Ukraine and his son is
funny enough, the brilliant hunter Biden is no longer being
sought after to sit on boards of foreign energy companies.
What happened? I thought he was brilliant. Why let that
talent go to waste? Oh god, what a scam? All
his artwork burned in the in the palace inspire? Oh
(25:35):
he did? Yeah?
Speaker 3 (25:36):
Oh wow, he hasn't made an insurance claim because they're
probably gonna nail him with insurance brod are they?
Speaker 4 (25:43):
Well his dad didn't pardon him for that. That's a
state level crime. Yeah yeah? What else? Not much? Man?
We are oh act? Yeah, so tell us about that.
That's one day voting paper ballots? Proof is it? And shit?
Speaker 3 (26:00):
I think they should make it a federal holiday. It
passed the House, it's gonna go to the Senate, and
I'd like to think it's gonna pass. But if it
does pass and the President signs it, the Democrats are
destroyed in twenty twenty six, destroyed.
Speaker 4 (26:17):
Look and again, that's that's so important, and that's going
to eliminate fraud. And when you remove fraud from the equation,
and then you take a party with twenty one percent approval,
and by and large people are leaving, not necessarily coming
over to Trump or the conservative side. I think they're
just walking away from politics in general, just going like
I don't believe in any of it. But I still say,
(26:39):
and again, yet, you have to get out of the
realm of the internet and just go out in the world.
The overwhelming majority of Democrats are reasonable people. I know
lots of them. I've had plenty of them in my home.
I interact with them on a daily basis. And again,
I remember when the election came around, I had a
lot of lifelong Democrats come up to me and say,
(26:59):
first I've ever voted Republican or I sat out voting
because my party's gone too far. And the big issue,
believe it or not, for a lot of them was
the transgender issue. They just said, I just can't have
my teenage daughter playing on a team with a boy,
having a boy and my daughter's changing room. I can't
have that.
Speaker 3 (27:15):
That and transitioning kids when hiding it from the parents,
It's like, come on, man, how evil are you?
Speaker 4 (27:22):
Well, you know, I think that's on the way out
and the pronoun thing, and you know, that's kind of
like yesterday's news. But there's still a good chunk of
the party that's trying to hang on to that. I
think that the Democrats have squandered a rare opportunity. I'll
put on my you know, try to be unbiased, put
on my political science hat for a moment where if
(27:43):
I were advising the Democratic leadership, I'd say, my God,
used this as an opportunity to rebrand and come back
as a center left party, going after like heartland, disenfranchised
Democrats Pennsylvania, Ohio, New York, going after those people like,
you know, propping up maybe someone like Josh Shapiro who
(28:06):
appeals to a lot of those people, Like if you
have like a what's her name Crockett, what's someone that Crockett?
AOC ticket in twenty twenty eight, jd. Vance will will
walk roll out the red carpet. He's walking right into
the White House. Yeah. Yeah, So that being said, Hey,
you know what, Look, there's gonna be some turmoil in
(28:26):
the market, and Bob, I think your estimation is right
probably ninety days. It's not gonna go away overnight. You're
gonna have days where it's up eleven hundred points, you're
gonna have days where it goes down fifteen hundred. That's
just how it's going to be. These are growing pains.
But that's how you grow. You know, It's like think
of it like going to the gym. You know, you
don't grow without pain, you don't grow without failure. You
have to push yourself and that's how you get these
(28:48):
enemies to come to test. Because if you think China's
gonna just roll over for the US, you don't understand China.
They're a tough opponent, but we have to be tougher.
And when you fight someone who's tough, you're gonna take
some punishment in the process. But we are gonna come
out on top. And a year from now we're going
to be looking back one I'm glad we did that,
and your four one K is going to be up
exponentially and the country is going to be in a
much better position than it is right now. And no
(29:10):
frienerally income tax. Baby, you know, baby steps here. I
think that might be a tall order. I'm with you
on that one hundred percent, but is that ever going
to happen. I don't know. I'd like to well, you know, again,
part of living in Florida, we have no state income tax.
A lot of other states are going for that too.
Speaker 7 (29:28):
Yeah, but Florida, Florida's expensive is crack compared to Carolina.
Speaker 4 (29:34):
It's gotten expensive. It's gotten more expensive as more and
more people have come here, you know, certainly as our
demand has exceeded the supply. You know, it is definitely.
Price of homes, price of goods, price of rent, rents
are very expensive, and at least in Miami and Broward
County and Palm Beach County, they're very expensive. Very With
(29:54):
that being said, guys, thank you so much for joining
us today. We will see you all next Saturday. Hold
onto your stocks, don't PANICXCEL and UH, don't be part
of the problem. Don't be a panic in Uh. Believe
in what we're doing, Believe in America, and believe in
capitalism because at the end of the day, people will
always want to earn a living and they will always
find a way to uh, you know, turn any kind
(30:17):
of downturn into enough swing. Yeah. Be well, guys, pleasure
to have all you God bliss.
Speaker 1 (30:27):
Keep America.
Speaker 2 (30:28):
You keep America, we'll keep America. Greet keep America.
Speaker 1 (30:37):
You keep America, We'll keep americ
Popular Podcasts
Stuff You Should Know
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.
My Favorite Murder with Karen Kilgariff and Georgia Hardstark
My Favorite Murder is a true crime comedy podcast hosted by Karen Kilgariff and Georgia Hardstark. Each week, Karen and Georgia share compelling true crimes and hometown stories from friends and listeners. Since MFM launched in January of 2016, Karen and Georgia have shared their lifelong interest in true crime and have covered stories of infamous serial killers like the Night Stalker, mysterious cold cases, captivating cults, incredible survivor stories and important events from history like the Tulsa race massacre of 1921. My Favorite Murder is part of the Exactly Right podcast network that provides a platform for bold, creative voices to bring to life provocative, entertaining and relatable stories for audiences everywhere. The Exactly Right roster of podcasts covers a variety of topics including historic true crime, comedic interviews and news, science, pop culture and more. Podcasts on the network include Buried Bones with Kate Winkler Dawson and Paul Holes, That's Messed Up: An SVU Podcast, This Podcast Will Kill You, Bananas and more.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.