Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Do we all have PTSD? Are we now overly skeptical
of even those we have put our faith in to
know better and do better? Doctor Mary Tally Boden is
here to discuss that, especially after some head scratching posts
by RFK Junior. And we have economists Steve Beeman joining
later to dissect the state of the economy, the news
you need to know, but with solutions and hope. This
(00:21):
is Get Free with Christy Lee.
Speaker 2 (00:45):
It's Friday Night. A local doctor's privileges pulled that for
a series of tweets about COVID nineteen vaccines and treatments.
Houston Methodist is calling doctor Mary Bowden's opinions dangerous and
full of misinformation.
Speaker 3 (01:02):
Houston Methodist has that doctor Mary Boden recently joined the
staff there and as of today, has never admitted a
patient there. Tonight, she has been suspended for quote spreading
dangerous misinformation which is not based in science. Doctor Mary
Bowden had been suspended for her comments on vaccines, now.
Speaker 4 (01:22):
Only had suspended her hospital privileges because they say she
is spreading dangerous information about COVID treatments.
Speaker 5 (01:29):
This after she was temporarily suspended for advising against vaccines
for children blast fall Usty Methodists suspended doctor Mary Boden,
claiming that she spread misinformation on social media.
Speaker 3 (01:41):
Doctor Mary Boden is facing three anonymous complaints for her
stance on the use of ivermectin to treat COVID nineteen.
Speaker 2 (01:48):
Writing what they call quote dangerous and false information.
Speaker 1 (01:54):
Now that is a montage put together from Unpacked the Lies,
a documentary that's diving the whole thing. It almost kind
of makes light of what doctor Mary Taylly Boden has
been through with that fun music in the background. But
I'm sure it didn't feel fun as she was going
through it. But we're going to get to talk to
her about that. Doctor Mary Tally Boden is the founder
(02:17):
of Americans for Health Freedom. She's kept six thousand, over
six thousand patients out of the hospital that had COVID nineteen.
She sued the FDA for spreading misinformation and she won.
So who's the spreader of misinformation now, doctor Mary Tally Boden,
She joins me, Now we have so much to discuss.
(02:38):
Thanks for being with me. You know it showed in
that video you doing that presser. That's about when I
started talking to is when that was going on, and
it's been a wild ride ever since. Like I said,
that video there almost makes it seem like a fun ride,
but I'm sure it hasn't been one, right.
Speaker 6 (02:55):
Yeah, I get emotional seeing that video because it really
was a big deal to me. I mean, I'm basically mom.
At the time, I was sort of a part time doctor.
I really didn't see any of that coming. And when
method Is announced on Twitter that I was spreading dangerous
misinformation and then my privileges were suspended. I mean, I
(03:15):
had people at CNN washing and posts coming after me.
I had people from Australia screaming at me. I was
scared to go to the grocery store. I mean, I
was scared to go to my kids sporting events. It
was wild and even this morning I got a death threat.
So it still keeps going. It's really unbelievable.
Speaker 1 (03:37):
It's got to be a really weird position to be in.
I mean, and I've on a small scale experienced some
of it. You have such polarizing attitudes from people. You
have the people that despise you and hate you and
slander you, and then at that same time you have
people saying keep going we love you, we support you.
You're a hero. So it's a wild position them to
(04:00):
be in, right, right, it's a it's.
Speaker 6 (04:03):
A different kind of fame because you don't know when
you're walking out on the street, you know who's going
to throw something at you, and who's going to come
up and shake your hand. It's really weird. But luckily,
you know, out and about no one has really, no
one's done anything, you know, rude or mean or threatening
to me, And a lot of people have come up
to me and been very kind, so I appreciate that.
(04:26):
But yeah, it's it's a bizarre feeling because I'm a doctor.
I mean, I just didn't see any of that coming. Ever.
Speaker 1 (04:35):
Yeah, the decisions in the course of this have been
polarizing as well. They slandered you, said you were spreading
dangerous misinformation not based in science, as if science was
a thing during the COVID nineteen pandemic, where they were
making yeah, let's go six feet apart, let's go with masks.
You know that that will do nothing to protect against
(04:57):
this small by So, I mean it's not like anything
that they were doing was based in science. But they
throw those slanders out at you. Accused you of that,
but you were able to win in a lawsuit against
the FDA for essentially slandering ivermectin, is my understanding. At
the same time, you did have to pay hefty fines.
(05:21):
Kind of explain what you've been through there and the
wins and losses.
Speaker 6 (05:25):
Yeah, the FDA, that was a huge win. That was great.
They basically launched a spear campaign against ivermectin. They branded
it as a medication only for horses, and subsequently it
was really hard for me to treat patients because patients
were fearful. I had pharmacists who refused to fill my
prescriptions and it really interfered with a doctor patient relationship.
(05:47):
And that's what our lawsuit was about. Because the FDA,
their role is to approve medications and move on. They're
not supposed to tell doctors how to use medications. They're
not supposed to tell patients what they can take and
what they can't certain diseases. So when they went online
and said stop it. You know you're not a horse,
you're not a cow. Seriously, y'all stop it, that was
(06:08):
a directive that they're not allowed to do. So we
sued them over that and It was a lengthy court battle.
We ended up having to appeal to the Fifth Circuit,
but we eventually won and they were forced to take
down the misinformation that they posted. Unfortunately, though, the brand
still lives on. And I've really been pushing for the
FDA to come out and make a statement to correct
(06:29):
the record on Ivermectin because the misconceptions are still there. Losses.
You know, I sued Methodists twice. I lost both of
those lawsuits and then I'm still finding the Medical Board.
So I was turned to the Medical Board over Ivermectin.
Received three complaints over ivermecton. Two of them were eventually dismissed,
(06:50):
but the third one is still standing and I have
a hearing of the end of April to determine my punishment.
It's been three and a half years waiting for this
hearing has cost me. You know, the legal fees are
over two hundred and sixty thousand dollars and that you know,
my lawyers went pro bono almost a year ago. So
(07:10):
it's been crazy.
Speaker 1 (07:13):
That is insane and really speaks to the law fair
and also, you know, this this problem that we have
in our society of any time you come up against
a hospital you are, you know, David versus Goliath. It's
just so unfair the basically unlimited resources they have to
attack you and you have. It's like a hope and
(07:35):
a prayer, you know, the other way around. But one
thing I love about you, doctor Rary Boden, is you
as well as me, when we started speaking on our convictions,
although mine had to do with journalism, yours had to
do with the medical healthcare field, you kind of got
pushed into this corner of like, well, whether you were
(07:56):
or not, you're now a conservative, you're now a Trump supporter,
You're now a ah huh. And one thing I appreciate
about you is that you you don't play along. Uh.
Some people that get pushed into there, pushed into that sector,
if you will, they live it up, they play it up,
and then they don't criticize. They don't stick to the
(08:17):
integrity that they had at the beginning. You're not afraid
to speak up when you see things within the movement
you've been pushed into that you're not happy with. And
and really I want to talk about that today. Uh.
You know, you've obviously been a warrior when it comes
to health freedom. We were both very excited about Robert F.
Kennedy Junior and his involvement in Maha and speaking against
(08:40):
the vaccines, and now it is so many of his
posts are, like I said at the beginning, head scratchers,
like what are you doing? And so maybe speak to that,
uh you're you're navigating in this in this world and
what you've thought of his post so far.
Speaker 6 (08:57):
Yeah, I pulled out one of his books this morning,
The vacs u is Unvaxed, just to remind myself who
Robert Kennedy is. And I do believe in his heart
that he is on our side, but it's perplexing what
the messaging that is being sent out. So yeah, I'm
not privy to any conversations going on behind closed doors,
(09:17):
so we can only take what we see at face value.
Although you know a lot of people are making excuses
and you know, trying to justify what's going on, and
you know, to me, it's it's the messaging is reminds
me a little bit of the heavy handed messaging we
(09:38):
got during COVID in terms of well, you need to
go out and get that vaccine or you know, the
vaccine is the best way to prevent disease, and you know,
Kennedy for us was the one that was going to
challenge the mainstream narratives to challenge the Gospel according to
vaccines and and bring transparency. And I feel like that's
(10:01):
not really happening. I mean, we not enough has been
said about these measles cases because when you when you
dig into the cases, it sounds like these children suffered
from medical malpractice rather than lack of vaccination. So you know, it's, yeah,
(10:22):
I'm not going full force attack on him, but I'm
also just taking what he says at face value and
critiquing that.
Speaker 2 (10:30):
Yeah.
Speaker 1 (10:30):
I mean some like to come way over here and say, oh,
he's playing five D chess and all this stuff, and
I mean it just it's disappointing that that there's always
an excuse. Perhaps he does have to play a game,
if you will, to make progress, But yeah, I think
that we can only go on what we're seeing, and
it is extremely disappointing. I read the Real Fauci book
(10:54):
that RFK Junior wrote, and so things are not aligning
with what he's said in the past and what he's
saying now, especially not giving the full story when it
comes to these measle deaths and the factors involved there.
You know, I did notice that there was a measle
story out that that you didn't see in the legacy media,
and I believe you shared it as well, that there
(11:15):
was a measles vaccine death and a previously healthy baby
after leukemia and after leukemia developing, Apparently the infant had
received one dose of the MMR MERK following her one
year well child visit and then experienced fevers. Uh leukemi
was diagnosed and basically the measles vaccine contributed to a
(11:43):
fatal strain and vaded the brain and killed the child.
So what are you able to tell me about that?
Speaker 6 (11:50):
Yeah, I don't know any details on that case at all,
But measles is a live virus vaccine, so it's not
supposed to be given to pregnant women or immuno compromise,
and there are risks to it. And you know, I
have talked to parents whose children suffered severe permanent neurological
injury following these MMR shots, and that's typically not disclosed
(12:14):
to parents. And that's what we need, is there needs
to be transparency about the risk and if the parent
wants to take that risk, fine, but the parent has
to first be aware of that risk, and most parents
are not aware of those risks, and that's the problem
that I see.
Speaker 1 (12:33):
And beyond the MMR, you have the mRNA shots. I'm
shocked that people are still even bothering to get these
after I think a good job was done on getting
the giving a healthy dose of fear about taking this
experimental vaccine. And it seems like just about anyone knows
someone that has been injured. So it's it's hard to
(12:55):
believe that people are not only continuing to get these
mRNA shots, but it really is all about the kids.
You also shared a that twenty five thousand kids per
day six months to seventeen years are receiving these shots.
Speaker 6 (13:11):
Yes, it's alarming, and if you look at which states
where the uptake is the highest, it matches the people
that voted for Biden. It's really truly unbelievable. It's an
exact match to the election outcome. And so this has
really become a politicized medical intervention. I don't know that
(13:34):
we've ever seen anything like this with anything else. When
you think about it, right that you're more likely that
your risk of getting these mRNA shots is directly correlated
with who you voted for for president.
Speaker 1 (13:50):
Yeah, it's really sad state of affairs. And you also
have been trying to lead efforts to get these shots
banned in the interest of public safety. How are those
efforts going well?
Speaker 6 (14:04):
Minnesota just issued file a bill. Shane Meeklind who has
been a medical freedom warrior in Minnesota of all places,
he just filed a bill to ban the mRNA shots.
And that's the seventh state that has a bill on file.
Idaho their legislation that their session just ended a they
(14:26):
had a bill on there, so that one died. Texas
has a bill. New York has a bill, which is
hard to believe. Kentucky has a bill. So you know,
there are a few states pushing and not We have
more states pushing to make iver metton over the counter,
which is interesting and actually some recent success with Arkansas
(14:47):
did pass their bill to make ivermet over the counter.
Speaker 1 (14:51):
Now, when it comes to your next medical board, you
having to see them and be on the seat for
advocating for ibermectin. As we learn more about ivermecton, as
we see states taking action to make over the counter,
does any of that help your case when you expect
(15:12):
to have them judge whether you acted in accordance or not.
Speaker 6 (15:18):
No, because they found a way to nail me without
the ivermectin issue. They claim it has nothing to do
with ibermecton. But when they deposed me, they mentioned to
iber meccin eighty eight times. But they claimed this has
nothing to do with ibermecton. And they're saying that that
I sent a nurse to the hospital without having hospital privileges.
And my counter to that is we were involved in
(15:41):
a lawsuit. The wife was suing the hospital and the
court was ordered to grant me temporary privileges, and so
I was relying on the lawyers to give me the
green light, and they told me we were good to go,
and so we sent the nurse. She shows up, she's
greeted by the police, she's greeted by the hospital administrator,
(16:02):
and she leaves and that was the end of it.
It was not a big scene or but they're they really,
you know, if they're going to nail me on sending
her without having privileges. But there is a bill in
the Texas Senate which would really help me. It's SB
two four two two and it would exonerate all physicians
(16:22):
that were disciplined or have been charged with misconduct during
the pandemic related to be destinied ibermecch and hydroxychlorphen and mask,
and it would reimburse us for our legal fees. So
that that gives me hope. I mean, I don't know
if it will actually pass, but it at least shows
that there are some people in the Texas Senate who
(16:45):
are on our side.
Speaker 1 (16:48):
Yes, that's very encouraging, and I would encourage anyone that
sees this to make sure that they're calling and giving
their support for that, because that's that's what it's going
to ultimately takes all of us trying to support those
who've really put themselves out out there, like yourself. And
speaking of putting yourself out there, you put yourself out
there even more on Tucker, who has a huge audience.
(17:12):
What were your takeaways from that experience?
Speaker 6 (17:16):
Oh, he's exactly what you imagine he's like off camera.
He was very forthright, very funny, very nice. I was
extremely nervous and he put me at ease, so I
was very appreciative of that.
Speaker 1 (17:32):
Excellent, And you are doing a lot of your own
things here I don't know how you do it all
as a mother myself and trying to do what little
he can. I don't know how you're doing the doctor
thing and the social media thing and all of that.
But you also have a substack. Tell me what the
latest is that you're working on. There.
Speaker 6 (17:49):
Substacts harder to get to because you know, like the
time constraints. I post a lot of things. So I
do have a podcasts once a week on America out
Loud Radio. It's four o'clock Central time, And with each podcast,
I write a short article, So I tend to link
those two. So the article from my podcast goes onto
(18:10):
my sub stack. But yeah, substack, that doesn't get enough
attention it should, uh, but I do. It's a it's
it's you know, other than X. It's my second source
of information that I spew out.
Speaker 1 (18:26):
Yes, and and again, we know that we can trust
you because you're not afraid to criticize either side or
camp or you know, you just stick to the truth
and your convictions, and we appreciate that. Is there anything
else that we didn't discuss that you want to make
sure you update people on.
Speaker 6 (18:43):
Yeah, I think we covered it, but yeah, just we
just got to keep fighting. And uh, it's especially now
because it's we thought I thought we I thought our
fight would be over at this point, but clearly it's not.
And I yeah, this was pandemic, was a war, and
you know, we need a treaty and we need to
just keep fighting. And definitely we got to get these
(19:05):
shots off the market more any more children get harmed.
Speaker 1 (19:09):
Yeah, I mean it is just absolutely it's like not
even real when you read about these things. I just
can't imagine it, especially just the evilness of it all.
I mean, playing on parents' fears, pressuring them to do
something that they think is going to help their child
and in the end could be deadly. I mean it's
hard to truly wrap your mind around the gravity of
(19:32):
how evil that is. So we all need to get involved.
It's number one for the kids, for the protection of
our next generation. Well, doctor Mary Taylor Boden, thank you
so much for joining me again. Keep us updated on
anything that we can do just for you.
Speaker 6 (19:48):
Thanks Chrissy Yea.
Speaker 1 (19:51):
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(20:35):
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Earlier today there was a press beefing briefing largely focused
in on the terraces and especially those that are going
(21:40):
the large majority of them going into effect twelve oh
one am, technically tomorrow, but basically tonight in just a
few hours, so that was centralized. You know, the media
has been doing its darned as to paint this with
a brush of doomsday headlines. They even said that the
market was going to completely tank. We didn't see that
(22:03):
happen yet. I mean, I guess it's always a possibility,
but all the predictions that we were going to have
a black Monday, while that came and went, and in fact,
Tuesday morning we saw everything bouncing back. So everyone's going
to have a different opinion on this. But we want
to bring in our guest today, an economist who has
(22:23):
started his own podcast to give us some insight, Steve Beeman,
and he joins me. Now, thank you for joining me.
Speaker 2 (22:31):
Well, it's my pleasure. It's nice to be on with
you and talk about these things that are so disruptive
to everybody and a lot of fear going around.
Speaker 1 (22:38):
Yeah, I mean. And that's the most fundamental thing, Steve right,
is that you can tell people time and time again,
don't make decisions about your finances, don't make decisions about
your investments out of emotion, out of fear.
Speaker 2 (22:50):
But people do it anyway, right, Absolutely, it's what drives
fear and greed drive everything in the markets. You've got
people like Warren Buffett who will look at this and
say stocks on sale, buying an opportunity. Other people, especially
in the world of the perma bears, are going to say,
see the world's falling, and we told you is going
to happen. I think none of us really know. So
much of this market is depending on what happens hour
(23:12):
to hour and day to day with our trading partners.
If you get good news out of Europe or good
news out of any of them, the market's run up.
If you get bad news out of one of them,
it runs down. So it's tough to play the news
game in the markets, and people should just be as
patient as they can.
Speaker 1 (23:28):
And that's what's been disturbing, is I mean it border
it borders on market manipulation, that the legacy media, the
mainstream media all gets together and it promotes fear when
it comes to oh, this is terr off tragedy. And
I mean becauseuse it's like they know what they're doing.
They're trying to manipulate the market. They're trying and hoping
(23:49):
that the market racks poorly so they can say, look
what Trump is doing is failing. It's also predictable.
Speaker 2 (23:58):
I think you give them too much credit. I don't
know that they're that smart. I think you know, when
you look back historically, we saw this kind of behavior
in the two thousand and eight thing, right, We saw
it at the COVID thing where it starts to run bad.
The day traders, the high frequency guys get on board,
and that just runs this stuff up and down so
fast you can't stand it. And at the end of
the day, nothing really changed. We're still looking fundamentally, is
(24:21):
the US economy and the global economy going to be strong?
You know more than just the markets. You have the
employment reports that are coming out relatively positive. There's good
news there. I think this idea of the capital and
fusion the Trump administration is put into the US somewhere
between three and six trillion over the next couple of years.
That is a massive stimulus for the private economy. I
(24:43):
think the tax cuts he's talking about and the deregulation
are massively stimulating for the private economy economy. So we're
really down to just see what can be done to
renegotiate the trade relationships between the US and the rest
of the world. As has been said time and time again,
we have been so generous since World War Two by
intent originally, but we can't afford it anymore. With thirty
(25:07):
six trillion in debt, two trillion dollar deficits, and a
trillion dollar trade deficit. We can't keep doing this to
our children and our grandchildren.
Speaker 1 (25:16):
Yeah, And it seems that Trump wanted to set the
stage of on this and kind of encourage other countries
to follow suit with the visit of Benjamin Nutt and
Yahoo and his announcement that Israel would be eliminating their
trade deficit with the US. One, do you think that
we'll see that actually come to fruition and happen? And
(25:40):
two on the other side of the corn we have
this massive threat from China and Trump coming back strong.
Those are like the major I think things that we're
looking at and seeing what direction this could go. Is
that right or do you have a difference.
Speaker 2 (25:56):
I think you're hitting it. I think right now we
need to be pushing for and I think the administration
is getting the Western countries to come together, the European nations,
the Canada of the US, those countries to come together
and just drop trade barriers. If free trade zone across
that segment of the world would be enormous. If that happens,
I think you'll see China capitulate pretty quickly. If it doesn't,
(26:20):
and China can get a wedge between Europe and the
United States, they'll push it with everything they've got. You know,
for ten years, many of us have been saying China
is not our friend. They don't have to be our enemy,
but they're certainly not our friend. And I think this
is showing that once again, their tariffs are not going
to get dropped and the government in China doesn't care
about its people. We have to remember that our country,
(26:42):
we have things called elections and other things. They don't
have to worry about that so they can suffer some
pain in the near term for what they see as
long term Chinese gain. I think that we had no
choice but to do this. I don't like to say
that because I'm a free trader at heart, but I
think this is a time maybe this had to be done.
And I think the idea of relocating things like semiconductors
(27:04):
back to the US is strategically smart and from a
national security standpoint, absolutely necessary.
Speaker 1 (27:11):
And can you kind of break that down, explain that
a little bit further, because some were saying, like, yeah,
I mean China was hit most aggressively, not even reciprocally,
like if you added it all up, it was going
to be fifty four percent. I mean, China is saying
it's economic bullying, is how they put it. What is
the rationale for hitting them so hard? Can you still
(27:34):
call it reciprocal?
Speaker 2 (27:35):
So they explain that, no, question is reciprocal. People have
to understand when we do business in China, it's not
just tariffs that they put on us. They put regulations
on our companies that are not sustainable. They flat out
steel your intellectual property. And that's been going on for years.
They have historically and continue to manipulate their currency to
give an advantage to Chinese manufacturers. But the problem they
(27:58):
have is the Chinese accomomy isn't very strong right now. Fundamentally,
they've built that economy on continued real estate building, and
without population growth, they're not going to see that play
out in a profitable way. And they have the opposite problem,
of course, of a population decline. So I think China's
in trouble and they're going to just may be what
they see as their last stand. But going back to
(28:21):
the semiconductors, what we don't want to see is China
empowered to think they can move on Taiwan, because that
would be devastating to the global economy.
Speaker 1 (28:31):
Speaking of other countries, you know, there is this matter
of the universal ten percent tariff on all US trading partners.
There is a question that was interesting in the press
conference earlier today that someone asked, well, what about you know,
Madagascar or other countries that suffer poverty. You know, why
(28:51):
are they getting hit just the same as others can.
What would you say is the rationale for coming to
the table against countries that you know are maybe already struggling.
Speaker 2 (29:04):
Well, and you have the country that was comprised of penguins.
I think. So there are some problems I think with
the way this was done. I think it maybe was
done a little too broadly. But I think the administration
overall is saying, in general, the US is tired of
being the patsy here. We're not going to play it anymore.
We are deeply in debt, and I think they're looking
(29:24):
even at these smaller countries saying, we can't afford to
support you anymore. We can't afford to bail you out.
We have to start bailing ourselves out, because it's like
the airplane. You deal with your own masks before you
deal with anybody else's. And I think Trump's position is
if the US isn't healthy long term, all of you
go down too. So we have to ensure that the
US is healthy. My guess is that's what they're thinking.
Speaker 1 (29:48):
Excellent. So Trump, he had some comments yesterday in his
meeting with Natanyahu concerning China. I believe we have a
clip that can we take that clip and then we
can discuss more on the other side.
Speaker 4 (29:59):
Again, my statement, they put a thirty four percent tariff
on above what their ridiculous tariffs were already and I said,
if that tariff isn't removed by tomorrow at twelve o'clock,
we're putting a fifty percent tariff on above the tariffs
that we put on. So they've gone for years, they've
become a rich country because of people. Again that we're
(30:22):
in the White House that allowed this to happen.
Speaker 1 (30:27):
So I mean that is certainly a position of strength
that brings the number up on the tariff to China
to over one starting at twelve oh one am in
case they unless they respond. Do you have any predictions
and because this remains a high profile tit for tat
(30:47):
right now, do you think that we will see the
market swing in the other direction?
Speaker 2 (30:51):
Again, I love making predictions because they rarely come true.
I think we've been Jim Bricker.
Speaker 1 (31:00):
Then your productions predictions never have to.
Speaker 2 (31:04):
If you want to make a lot of money, you
make one prediction that works and then the rest don't matter.
But the reality is China is going to have to
come to the table. But in order to keep pushing that,
we need Europe to come on board. We need these
other countries to come on board. I think China wants
to settle this. They don't want to fight either, really,
(31:25):
but they cannot afford to be seen as weak. And
the honor is a big thing in that communist party,
and you know, Jijingping needs this to look like he's
in control. So I think there's a high stakes poker
game being played out right now. At the end of
the day, the US can survive a trade war with China,
they can't survive one with US. So I think we
(31:47):
have the cards. I just hope the Chinese don't drag
the whole world down going well, we're going to play
tough guy. I think right now the cooler head should
prevail and the Chinese and the Americans should say, listen,
let's equalize our trading deficits as best we can. Let's
at least put tariffs that are equal on and let it,
you know, let it go. But China shouldn't push this.
(32:08):
They won't win in the long run. They think they will,
but they won't. And I think the US is going
to come back as a manufacturing powerhouse and that will
negate a lot of these problems. But we will see.
I mean, the markets are the markets. They run down,
you know, seventeen percent, they ran back up today a
ton and then came back down because there's more news.
I don't know. I'm going to guess in the long run,
(32:29):
the market's going to do just fine. I know, you know,
people I know that have their investments there just don't panic.
Keep it in the market. The economy gets bigger over time,
and it will this time too.
Speaker 1 (32:41):
Yeah, the adage of you know, just just hold, you know,
we just be patient, hold hold. So as far as
Trump's position on terraffs, something they gets. I think lost
in the conversation is what we've seen Trump do before
when it comes to any major policy decisions. He almost
(33:04):
kind of says the most outlandish thing. I mean, come on,
like we've heard him say Canada isn't going to become
the fifty first state. We've heard we're going to take
over Greenland, and perhaps he means it, but traditionally he says,
like the biggest thing, I mean, the art of the deal. Right, So,
how much weight do you put into this initial offer?
(33:26):
I guess when it comes to tariffs, you know, people
are reacting to the major ask do you think that
we're going to see him maybe make those deals and
meet in the middle and pull back.
Speaker 2 (33:39):
I absolutely think deals are going to be made. It's
been interesting again going back to China. Not to beat
on that, but they pulled out of the TikTok negotiations
and point in fact, my podcast it is all about
TikTok and what it means to the global economy. But
the Chinese are playing hardball and they're back, you know,
coming back at Trump with everything he's given them. I
(34:00):
would suggest in the long run and the intermediate run,
it's in their interest to settle. I think they will.
But to your point, Trump is a at least self
perceived master negotiator. Whether he is or not, we're going
to find out, because this is the first time this
country has taken this kind of stand without a military
outcome backup. This is all just negotiation, and we'll see
(34:23):
how it happens.
Speaker 1 (34:25):
Now, major part of Trump's agenda, beyond the tariffs, what
I see is kind of to balance things out, is
he wants those tax cuts to remain that he enacted
in twenty seventeen and also have money coming in to
allow for further tax cuts. Now, reading reports today, it
(34:48):
sounds like he's facing some resistance from his own party,
at least ten who are resisting this newest budget. Do
you have any thoughts on how we can get to
a position of being able to for Trump being able
to fulfill his promises on tax cuts, especially facing so
much resistance from even his own party.
Speaker 2 (35:11):
There are several components to that, and it's good that
you're bringing it up. We've seen some real good things
in the last couple of months. By the way, interest
rates have come down nicely, oil prices are coming down.
All that's going to help the economy. But we look
at the purest like a Rand Paul who's come out
and just said, I don't buy tariffs. I'm not a
tariff guy. I'm a free trader. Go down that. I
won't support it. I respect that and I understand it.
(35:33):
I think Trump's position of let's move everything to an
external revenue service as opposed to an internal revenue service,
looking back to how the country was founded and paid for,
I think it's an interesting idea. I don't know that
you could generate five or six trillion dollars a year
doing that. Maybe you can. I think what we have
to see is a worst case almost continuation of those
(35:55):
tax cuts. I'd like to see tax off social Security,
tax off tips, off over time, some real middle class
type benefits for that, and I think if he can
start proposing those ideas, and I think come out and
start telling the American people, Look, this is how much
fraud we found in the government. We know it's something
like twenty percent. So there's a trillion dollars of our
(36:17):
deficit right there that we can get rid of. I
think it's conceivable you could start seeing the growth of
the economy as well as cuts to the budget balancing it,
and that will give him a lot of political capital
to go after a tax reorganization like he's talked about.
Speaker 1 (36:32):
Now on the overall economy. What's been interesting for me
to observe over these past few years reporting on the
economy is exposing that the legacy media time and time again,
all well Biden was in office, they were saying, no,
we were not having inflation. Oh, inflation's not bad. Even
(36:54):
the president up there on the podium saying, oh, it's transitory,
or Jenet Yellen saying, oh it's transitory. So much trans
talk even the inflation.
Speaker 7 (37:03):
Is chancessory, when when people, real people were feeling it,
and in a minute that Trump gets into office, suddenly
the legaccy.
Speaker 1 (37:14):
Media is acknowledging inflation. It's like they didn't even acknowledge
its existence under Biden, and now they're like, what's Trump
going to do about inflation? Is he going to bring
us into recession? Well, some economists say that we've already
been in recession under Biden. So where are your thoughts
on there? Have we already seen a recession? Is one coming?
Speaker 2 (37:33):
What do you think my thoughts first? Or There's a
reason they call economics the dismal science because it is
as much philosophy as it is mathematics. You know, for
every you've got so many different camps within economics. There
are US centric economists who think what Trump's doing is
the best thing in the world. You've got global centric
(37:54):
economists who think it's the biggest bondoggle in the world.
Who knows what tomorrow's going to bring For this, I
can tell you that we have a lot of history
to look at. The markets will recover because the economy
will get bigger. I think you look at fundamentals, the
capital coming into the country, the idea of deregulating and
cutting taxes, all of which is bullish for the underlying economy,
(38:15):
and We've seen some of it already happen, new steel
plants in Louisiana, new automotive plants. So we've seen some
outcomes that say this is working. I think net I'm
cautiously optimistic, especially for the independent business community. I'm cautiously
optimistic that the next three years will be extremely positive.
Speaker 1 (38:36):
Now, mainstream media likes to run with the narrative that
this tariff Trump agenda is going to give the highest earners,
the billionaires, their tax breaks and leave the working class
still suffering. Is there anything fundamental that would point to
that being the case? I mean, because what I'm reading,
(38:57):
especially if you're bringing jobs back, if you're bringing many
factoring back, I mean, to me, that tells me that
the working man, he keeps his job, he gets to
produce more. I mean, where are they getting this narrative
that this is just to give rich people a break
and screw the working class.
Speaker 2 (39:13):
Well, clearly they get it from the Bernie Sanders types
who are out with fight the oligarchy. Right. Well, the
oligarchy is the media and the left and the liberal politician.
But I think they're just jealous. And I've written in
the past about the jealousy economy, and how it doesn't work.
I mean, take two characters, Elizabeth Warren versus Elon Musk.
(39:33):
Who's the hated one. It's Elon and why Because he's
created tens of thousands of jobs. He's put men in space,
he created the electric vehicle market, He's developed incredible new technologies.
Starlink provides help and assistance to people around the world.
What's Elizabeth Warren ever done? Nothing? She just complains about
the maker. And so I think as long as the
(39:54):
mainstream media stays on that narrative of if you build it,
you're bad, and if you complain about it, you're good,
we're always going to have the naysayers who say, well,
he has it, I don't. I'm jealous of it, and
I'm going to condemn it for everything there is. But
there's no economic benefit in stealing money from billionaires. They
spend it, they invest it, and they're better capital allocators
(40:14):
than governments, always, forevermore and always will be.
Speaker 1 (40:19):
What do you make of since you brought Elon Musk up?
What do you make of Elon Musk and his spat
with Peter Navarro, who is advising Trump about these terriffs
the tariff infighting if you will.
Speaker 2 (40:34):
Well, I think it's an overstatement to say it's infighting
and aspad. I think, and this is true. This is
an administration more so than any in my lifetime, where
all of the participants seem to get along. I mean,
it really is a dynamic that's been rarely seen because
you've got the Secretary of Defense talking to the Secretary
of Treasury talking to the Secretary of Health. They all
(40:56):
talk to each other daily. I think there is disagreement
on the terriff issue because it is a hard one
to swallow. Again, I'm a free trader, But is that
the goal and we're just using this as a negotiation? Probably?
I think Elon has his own perspectives on things. He's
clearly shown to be a brilliant business mind, I mean
developing PayPal to start and then moving up through Starlink
(41:18):
and testing everything else. But again I go back, there's
no real science in the economics world like this. We're
looking at saying will this negotiation be successful? Will we
get trade barriers down at the end of the day,
so that we have free trade? All of us know,
taxes simply make less of something happened, so the higher
you tariff, the less trades you're going to get. Okay,
(41:41):
that's a truth. However, if it's a negotiation and we're
trying to get to that zero trading restriction, that's a
good thing. So I think there's active dialogue in the cabinet.
I think it's very high level, it's very assertive. I
support it. I'm glad to see they're doing it. I'd
love to see more of this kind of transparent dialogue
on all administrations.
Speaker 1 (42:01):
Frankly, let's talk a timeline and how that has an
effect on this whole thing. We Americans are not used
to having to wait for anything. We have instant gratification
everywhere we go, at the internet, best food, everything's immediate.
(42:22):
So perhaps this is one reason why you know, Nancy Pelosi,
Chuck Schumer, those types, we're talking about the need for this,
that this needed to happen. We're looking at trade deficits
and trade balance, if you will. They said it way
back then, but it's like no one's had the guts
(42:43):
to do it because we don't know how long it
could take for the effects to be seen in the positive.
How long do you think or would that just be
pure speculation. How long do you think Trump has before
to make these deals? Four people are going to get
extremely restless.
Speaker 2 (43:03):
I think it is some speculation, but we have historical
precedence here. If you go back to nineteen eighty and
the recession we were having then the misery index of
interest rates, unemployment, and inflation put together. When you look
at Paul Volker coming in and jacking up the interest
rates like you did, and the recession that that caused
in eighty one. In eighty two, people quickly said that's
(43:23):
the end of the Reagan presidency. And what happened was
by eighty three, it turned around, came back, and then
was a bull for eight years. I think Trump has
time here. Clearly the midterms are going to matter. But
going to a purely political discussion, I don't think the
Democrats have a message. I hear them criticizing a lot
and condemning a lot, but I don't hear a message
(43:44):
of hope. You go to the average person in Michigan
who lost their job to this global trade movement, They're
not going to care if the Democrats just hate Trump.
They're going to care that there's a positive plan put
out there and frankly AOC and Bernie Sanders saying just
you know, eliminate the oligarchs and all as well. That's
never going to work. It hasn't worked in history, It's
not going to work now. So they've got to come
(44:05):
up with something otherwise. I think the Republicans could pick
up seats in the midterms. That extends Trump's timeframe, but
I think prior to that, you're going to see this
economy start to show signs. As I said, there are
a number of very positive signs in the economy right now.
They're not getting picked up by most of the media.
But when you look at the structure of the jobs numbers,
this capital inflow, the reduction and interest rates and the
(44:28):
cost that that reduces. The lowering oil prices were below
sixty dollars a barrow, which means prices if the pump
are coming down. That will generate through the economy of
price moderation. And so I really think in the nearer
term we're going to see some positive come out of this.
The market will be what the market is, you know,
it'll just be there and it'll go up when it
(44:49):
wants to. But I think from the economy is an
underlying asset. I think our economy is getting stronger by
the day. Hell, there you go. How's that for a
prognostication that'll kind of shoot myself for.
Speaker 7 (45:01):
Now.
Speaker 1 (45:02):
I think it's a good one and something that we
can hold on to. And I mean, let's make it
personal though. What do you think that we should be doing?
I mean we're talking about big picture things. What do
you think people should be doing as far as their
own personal portfolio portfolios. I've been speaking a lot about
(45:22):
this issue of a lot of people that thought they
were diversified, aren't truly diversified. If they're diversified in the
stock market, then you can see how well that works,
and been talking about the importance of assets diversification, some
investments outside of the market and things like that. Do
you have any advice or things that you want to
put out there as far as what we should be
(45:42):
doing personally during this time?
Speaker 2 (45:43):
I strongly suggest people watch television programs like yours. I
think it keeps perspective on things in terms of overall
asset allocation. Look, I believe that the US economy will
get bigger over the next ten or twenty years. That
tells me I want to be in the markets, and
I think the best way to do it is through
an SMP ETF or an exchange traded fund. There's no
(46:05):
cost going in, there's no transaction costs, there's no slippage,
you don't pay taxes on it until you sell it.
I think to have an S and P ETF is
a good way to play the US economy. I would
add to that the Morgan Stanley World Index, which gives
you exposure to the globe. Again, you can do it
through an ETF, so there's no cost. I think those
kinds of things help you play in the economy. But
(46:28):
realize that's a five to ten year forward look. You're
not going to be able to say, well, in a year,
what's it going to do? Nobody knows, but I think
over a five to ten year period you can say, yes,
these get bigger. There are a lot of dynamics to that. Clearly, technology,
which I'm heavily involved in, is changing the nature of
our economy as we move toward a tokenized economy and
(46:49):
what I've called the idea capitalism of the next generation.
That's changing how things look. But fundamentally, the economies will
get bigger regardless of how that happens, whether it's through
robotics or it's through consumers, or however it happens, it
will get bigger. And I think people can rest assured
that with adequate diversification through some bonds which give you
(47:10):
exposure to debt equity, both US and international, those things
tend to play out over time.
Speaker 1 (47:18):
Yeah. Absolutely so great advice as far as that goes
about how we can look at this personally. Speaking of personally,
you have started your own podcast to talk on these subjects,
and tell me about that, how you decided to do
that and how often we can expect to see those
come out.
Speaker 2 (47:36):
Well, I didn't decide to I was pushed into it. Frankly.
There were several people who came to me and said, Steve,
we talked to you all the time, we love talking
to you. We think the world needs to hear your voice.
And I said, I don't really care, and I don't
want my name in front of everything, but they got
me to do it. So we're doing two of them
a week now up at Stevebeaman dot com, and together
(47:57):
with that we have articles going on substack. We may
move to three days a week or even more. It
depends how much people want to get involved. I really
feel for the younger people in our society, the gen
xers and the millennials, They really across the board feel
like they won't live as well as their parents, and
they won't if we don't fix this economy again, thirty
(48:18):
six trillion in debt, two trillion in deficits, and a
trillion dollar trade deficit. That is not going to bode
well for the people that are in that eighteen to
thirty age bracket. So a lot of the reason I
did the podcast was for them.
Speaker 1 (48:33):
Excellent and so I'm sure thank you. Where can we
see that.
Speaker 2 (48:38):
At Stevebeaman dot com and again their episodes up there. Yeah,
we've got stuff, as you can see. We talked about doge.
Is it legal and is it a con artist job
or is it a real thing. I looked at Social
Security and the actual kind of facts behind social Security.
Is it a Ponzi scheme or is it a legitimate program?
(48:58):
So we've looked at a lot of questions that people
send me and say, hey, I really want you to
look into this. But it's my pleasure and I enjoy
talking with people like you because it opens the dialogue
for what I think of as a civil dialogue.
Speaker 1 (49:12):
Yes, and something that people I think are hungry for
right now is some guidance on that from someone they
can trust. All right, well, Steve, thank you so much
for coming on with me, and we look forward to
hearing your insights in the future, as I'm sure this
is going to remain a topic for quite some time.
Speaker 2 (49:30):
Well, I thank you very much and wish you the
very best.
Speaker 1 (49:34):
You as well, and as long as we are talking
about personal responsibility, make sure that you're prepared for anything.
We're going to have Jason Nelson. He is the owner
of Proper All Naturals. He's going to join us on
a Thursday. He was going to do it today, we
had some technical issues, so he's going to join us
on Thursday to talk about all the things that they're doing.
Speaker 2 (49:55):
A tech.
Speaker 1 (49:55):
He's a marine, a rancher right here in Texas that
keeps the meat clean and also shell stable. Think about that.
So watch this and I'll be right back on the
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your order. All right, welcome back. You know I've always
(50:59):
said that with this show and get Free with Christy Lee,
I wanted to keep things positive. We have so much
negativity in the news, so I wanted to balance things out.
We always have things that we can be grateful for
that are happening, and I mean a lot of great
news coming out of that press briefing earlier today. Not
only are they remaining strong in the tariffs resolution, the
(51:21):
resolve there to carry this forward and fix the imbalance
between ourselves and other countries, making sure that they pay
their fair share. He's staying strong with that objective. But
we also got some great news coming out of Scotus.
Despite Amy Cony Barrett being a trader again and siding
with the liberal judge activists trying to say that Trump
(51:45):
in some way couldn't use the Illegal Alien Act to
deport the trend to Agua. That's so hard to say.
Those gang members that you know, he got some resistance
active as judges, but they confirm that he is able
to use that Foreign Enemies Act and so all speed
(52:07):
ahead when it comes to deportations making a country safer
and operating more efficiently. So we can certainly be grateful
for that as well. It sounds like seventy countries are
coming to the table to come and make those negotiations.
Speaker 4 (52:22):
Now.
Speaker 1 (52:22):
I do think, as I spoke with Steve Beeman earlier before,
that there is going to be kind of a hidden
timeline when it comes to these things that these negotiations
they need to act quickly. They need to happen quickly
because people in this country seem to be too easy
to manipulate if they have to wait too long for
things to change, then you might lose them to a
certain degree. So hopefully they can have those things happen quickly.
(52:46):
I also want to encourage viewers to reach out to
your representatives. Trump is already getting some pretty major pushback
when it comes to his agenda and tax cuts. That's
huge aspect of this for all this to work is
he made a promise that he's going to cut these taxes,
(53:08):
anything from no tax on tips to no tax on security.
And to make that happen, this tariff agenda needs to happen,
and also approval of the budget, and so he's getting
some resistance there. So make sure your representatives hear from you,
tell them to hop on board. Let Trump do what
he didn't get to do the first time. His first
(53:30):
run was so impeded by the opposition spying on him,
the fake impeachments, all of that, so he hasn't really
gotten a fair shot at this. Let's give him his
fair shot in what he wants to see happening, to
give us prosperity and America first, to make America wealthy again.
So want to remind you to please support the sponsors
(53:52):
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(54:35):
I share the verse of the day, and let's pull
that up here. It is know also that wisdom is
like honey for you. If you find it, there is
a future hope for you, and your hope will not
be cut off. That's Proverbs twenty four fourteen. Wisdom like honey.
If you find it, there's a future hope for you,
(54:56):
and your hope will not be cut off. We could
all use some wisdom and and thankfully the Bible says
that we are always able to freely ask for it,
so make sure you're doing that. I have started my
Raw Faith show up again on a more consistent basis.
They're on Locals. Make sure you go to locals dot
com search for me Christy Lee, or you can go
(55:17):
to CHRISTILEETV dot locals dot com. That's christiletv dot locals
dot com. Every day at eleven thirty am Eastern, I
am on there to give a brief devotion, dig into
God's word with y'all. It's an opportunity to worship fellowship
and do it quickly. Quick break for your day. Just
(55:37):
hop on there on Locals. Support my work by subscribing
there on Locals and join me for Raw Faith, a
short devotional show each day Monday through Friday. All right,
thanks for joining me, and don't forget to spread the
word and share with friends. Get free with Christy Lee
now online del tv