Energy Independence and Economic Sovereignty- Madison’s Vision in Trump's Policies

Tony brings a bold historical lens to modern trade debates — examining how Trump’s moves on China, NAFTA, and energy independence reflect James Madison’s vision of economic self-reliance. This podcast unpacks key trade agreements, tariffs, U.S. manufacturing re-shoring, and the impact of global de-dollarization through a truly unique lens.

Episode Transcript

Speaker 1 (00:00):
Our foundering fathers here in this country, brought about the
only true revolution that has ever taken place in man's history.
Evolve the idea that you and I have within ourselves,
the god given right and the ability to determine our
own destiny.

Speaker 2 (00:15):
The United States of America the greatest nation in history,
ordained by our founders to be guided by divine providence,
but today we are witnessing the orchestrated disintegration of America.
Take a few seconds and take a look around your town,
your state, look at your country and your world, and

(00:39):
boldly ask what in the hell is going on?

Speaker 1 (00:43):
Freedom is never more than one generation away from extinction.
We didn't pass it on to our children in the bloodstream.
The only way they can inherit the freedom we have
known is if we fight for it, protect it, defend it,
and then hand it to them with the well taught
lessons of how they in their lifetime. Let's do the same.

Speaker 2 (01:02):
Welcome to the podcast Project Third Eye Opened, where we
dare to question with boldness the events that are unfolding
around us that others won't. At the end of the day,
it is we the people who will decide the destiny
of the Nation. Now introducing your host, Tony Ell.

Speaker 3 (01:28):
Gritains, Gretains, greet Teams America. I'll hell, is that more
one't doing it doing these very very challenging, exciting, scary times,
but very exciting, very exciting times in which we now

(01:49):
are current, living in existing. This is your host, Tony L.
And you're about to experience another project that I open podcasts,
where again we seek not to change what you know
to be true, but simply ask each every one of

(02:11):
you to boldly, boldly, boldly, boldly question what the hell
is going on around you. Again. I can get praised,
must give praised that the most high, but without him,
I will not be here, or not have been born

(02:32):
in the greatest country on the planet, and I will
not be sharing this information with you. These are very
challenging times economically, spiritually, more importantly socially, but definitely spiritually

(02:53):
and economically. To that end, if you haven't looked around
and seeing the economic firestorm that is coming your way
and that you many many of you may be already in,

(03:13):
definitely look at you frustify in into precious metals gold, silver, platinum.
The poor man's goal is definitely silver. For those of
you who may be, you know, not in a position
to buy gold, but definitely look at silver just for

(03:37):
being a listener. You could go to my website Project
Dodi opened dot com, Project Thirst spelled out the letter
I open ed dot com and check out that offer
where you could purchase go pursh the silver, pretty much

(03:58):
any precious metal at this kind of rate, and if
you want to, you can offer the opportunity to people
that you know in love as well. Check it out.
If you don't get it there, definitely definitely get your
hand on some real money, some constitutional money, money that
will never go to zero, real money, not currency, real money.

(04:23):
Check that out, take advantage of it again. The days
of the dollar, as we know it is on life support,
and I'm going to go into a little bit of
that today. Trump is I don't think he's reached his
one hundred days, but he has came in on fire.

(04:48):
He obviously has learned his lesson from the last go around,
where he around himself around with a lot of people
that he should not have, people who will part of
they it was called deep state. Not that he necessarily
has avoided all of that this time around, but he's
doing a lot better from all appearances, and he has

(05:10):
done his homework. Maybe last time he really didn't want
to be president. They expected that he will win, and
he really didn't take it that seriously. That's not the
case this time around. He has came in with the agenda,
the fact that he doesn't try to worryte necessarily get
re elected. On top of that, he came in with

(05:34):
arguably a mandate. People wanted him this time. One of
his policies didn't want the policies of the progressive who
ever hate America and want to make make marriage, you know, irrelevant,
and womanhood irrelevant, everything that comes along with that, and

(05:58):
the traditional American founding and traditions irrelevant. They don't want
any of that. And he has set his sights particularly
on when he say make America great again, he means
that particularly. Look look at his trade policies. Not to

(06:24):
say I definitely don't agree with how he is going
about the issue of terrorists and trade. I think it
had been better if he had been more humble. But
that's that's that's that's just that's just not trup. He
definitely is the bull in the china shop, and that's good,

(06:51):
could be bad. We still are in the wait and
see product process to see how it is going to
turn out. So far it's been been very rocky. But
as I say, to know history is to be able

(07:14):
to look at current events with a different from a
different perspective, and nothing new under the sun. And his
economic position has always been bullets on terrorists, has always

(07:34):
been where he saw the world taking advantage of the
United States in America. So the fact that he's putting
forth his vision should not be of any surprise to
anyone who has really been serious about studying this man
and wanting this man. He's not an ignorant man. He

(07:55):
reads a lot from what I understand, and he did
not get to where he's at by being an ignorant,
lack of knowledge man. So anyone who thinks that he
is that is showing selling him, selling Trump short. Particularly
if that same person accepted a seriously challenge individual for

(08:21):
four years and I was looking at giving getting him,
giving him another four years and didn't have a problem
with that, That puts him to shut the shut the
hell up that they have no credibility in in this
in this discussion at all, in my humble opinion, But

(08:46):
this position in regards to trade is not new. Our
founders had similar positions Hamilton, and particularly particularly Madison. It's
I'm gonna focus on him, James Madison, and Trump is

(09:07):
channeling a lot of Madestonian energy when you look at
his look at his policies in regards to terrorists, trade
and the issue of America's economic sovereignty and economic independence,

(09:35):
energy independence, and we should understand and look more into
how these two gentlemen centuries apart. I ho, it's not
necessarily say that mirror each other. About how how much

(09:58):
does trump policies mirror that of James Madison. So let's
look first at who's James Madison in regards to his policies.

(10:21):
Oh something all right? M m hmmm. So James Madison
believe in national sovereignty and self subsistence. He believed is

(10:52):
very important for countries strong countries, particularly ours, to be
able to basically clothed, feed and defend itself. He believed
in economic independence was essential to political independence. He argued
that the United States should protect and nuture is domestic

(11:15):
energies through terrorists and trade restrictions. It's not familiar, especially
against foreign powers that use unfair practices against American goods.
Number one economic self sufficiency. Massive believe that the Americans
should be economically self sufficient. He feared that too much

(11:39):
dependent on foreign goods, especially from Europe, could make the
US politically weak and innipitable. Industry is critical to survival,
ie as a cultural manufacturing shipping needed to be built
and protected with it the United States. He believed the

(12:05):
protective terrorsts, saying that terrorists such as taxes on imports
is a way to protect in young American industries from stronger,
more established European competitors, at that time Britain. He argued
that with doctive of red protection, US industries would never

(12:25):
be able to grow and compete fairly. Now. He didn't
say it couldn't compete, he said his view is basically
it just like a newborn baby. You want to possibly
give it time to to to exist in an incubator

(12:47):
free from predators or harmful bacteria or things that may
cause cause it harm so that it can't eventually have
its his immune system soon enough to be able to

(13:08):
go out into the environment and survive. If not. Floris
he believed in trade retaliation. He believed that the United
States should retaliate against unfair trade practices, even Britain, friends,
or any country discriminated discriminated against American goods. The US

(13:33):
should impose terrorists or restrictions to defend its economic interests.
That this makes sense. You don't think other countries aren't
doing that. The question I have in all of this
is why is this what Trump is doing? Why is
this so new to so many people and so threatening
to so many people, and so disturbing to so many people?

(13:56):
Why have this not this been oh from current administrations Biden, Obama, Clinton?

(14:17):
Why is this notion of protecting America's interests so repugnant
to so many people? And like they don't understand. I don't,
I don't get it. This should be what all leaders

(14:42):
of this country should be doing. This should not be
anything new, This should not be anything that would that
will take people of God. But the fact that this
has not been the case, and Trump is putting forth
this energy to make get reality it's frightful to to

(15:05):
a lot of people, but thish should not be frightful again.
Trump could be could be doing a half of a
lot better job as far as explaining his positions, explaining
his why to the American people, and I don't know
why his handlers aren't suggesting him to do just that.

(15:28):
I mean, Reagan was the last president that I could
recall that sat down in front of the camera speaking
to the American people and trying to express the dye
situation that that that the the the US economy or
the US government was in regards to the diffici And

(15:51):
of course, you know, history is what it is after that.
But at least he attempted it again. He cut done
a much better better job at doing it and holding
to his position instead of letting the Democrats for nickel
him into simply tax cut without being serious about cutting spending.

(16:23):
But that's a history that keeps repeating. Also when even
Trump in his last term cut taxes, but he didn't
cut spending seriously, and that will need to be done.
Hopefully he does it this time, but if he doesn't,

(16:44):
again history will repeat itself and the job will only
be half done. Moving on, he supported using economic pressure
instead of war, instead of war to gain respect internationally.
That's what you hear about hear from Trump mhm, being
respected internationally when it comes to trade, not just bending

(17:09):
over and taking taken between the chiefs and not acting
like this is the nineteen seventies where or the nineteen
forties or nineteen fifties, when a law's amount, if not
the if not the majority of the world trade ran

(17:32):
through the United States. That's that's far, far far from
reality today, and we need to act accordingly. Massive believe
limited global dependence, limited global dependence. He believed that he

(17:59):
won them about free free trades, or or he wanted
America to trade freely where possible. So these free trade
zones now to all of these things. So definitely what
what would not be okay with the Madison So even

(18:24):
though he believed that America should trade freely where possible,
but not at the expense of our natural interests or security,
he promoted by lateral trade one on one deals. You
know it just like you know and in your own relationship,

(18:45):
you're not trying to necessarily do a broad struck proposition
to the whole neighborhood. You want to pick your friends
individually because you may not like it everybody. Everybody may
not have your best interests at heart. You may not

(19:06):
want to be in a relationship with someone in your neighborhood.
The same thing plies in the neighborhood of the world
having the managine understood this and Trump does too. And
if you remember, George Washington is warning not to get

(19:28):
entangled with European issues, right, not to get entangled with
Europe because Europe has been worn warning against each other
for eons. Even at that time, we haven't listened. Madison

(19:50):
believed in national unit unity through trade. Madison Madison thought
a strong domestic economy where un for the young United States,
developing internal industries, factories, forms, shipyards, shipyards, shipyards what tie

(20:13):
different reasons together to create mutual economic interest straight strengthening
the europe the union politically. Family that plays together stays together.
Family that works together gets stronger together. The shipyards on
the East Coast and West Coast are booming. That that

(20:35):
that spress economic vitality. Not through that immediate economy put
putting jobs people to work, create new businesses that support
that plant, that shipyard. But also if there is businesses

(20:59):
outside that immediate area, maybe the mid uh the the
middle of the country, the north, the south, that can
also benefit from those those industries, a shipyard, those ports,
those manufacturing facilities. That's all done domestically. We're all stronger.

(21:26):
We're all stronger. Development internal industries, factories, farms, shipyards will
tie different regions together. As I just mentioned, they create
mutual economic interests. So the so called trade imbalance around

(21:53):
this this article by the Information Technology and Innovation from Foundation,
they have an index and basically it's it's you can
find us find its online and basically it looks at

(22:14):
the backdrop it says, it makes suggestions on what Trump
should do in regards to terrorists and trade says against
that backdrop, the administration should focus on countries whereas systematically

(22:38):
that where whereas where countries are systematically unfair, the MUC
Tillis's trade policies are inflicting the most significant damage on
the United States economy and US corporations large and small alike,

(22:59):
and where the United States thinks to gain the most
by restoring balance trade. Accordingly, the Information Technology and Innovation
Foundation has developed the Trade Imbalance Index described in this support.
It evaluates forty eight countries, fifteen of which are included

(23:22):
in the European Union Block and on eleven measures to
ascertain which are the biggest trade mercantilists or uh scofflaws
Scoff laws and where the Trump administration should concentrate its

(23:45):
attention as it seeks to advance a trade policy that's
more effectively the friends US interests and ensures more balanced
trade relations. Okay, so let's look at this first, Trade

(24:06):
balance in Goods and information services. This category considers US
trade balances in goods and information services. The itif used
raw values of the trade balances rather than the relative

(24:27):
values ie trade balance as a share of GDP to
better measure the overall harm a nation has on the
United States which it runs a surplus. In other words,
a nation with which the United States has a high
deficit would cause more harm to the United States, even

(24:49):
if the deficit was small when compared to its GDP.
Two Trade restrictions. These involve a simple means tests rate
across all products, category of product categories, the prevalence of
non terraff trade barriers and tbs, and the nation's service

(25:15):
trade restrictions in their score number. Three. Taxes and regulations.
These cover the extent of countries Digital Markets Act d
m A regulations, extent of Digital Services Tax d S,
t's extent on pharmaceutical price controls, the presence of anti

(25:38):
trust finds and the presence of non competition finds on
digital on the digital economy. So they have direct impact
on how our I T firms are doing in those countries.
What kind of accests do they have? Is the fair
into lect your property IP? This category includes use the

(26:00):
twenty US t R section three oh one wants less
at the nation's score on the US Chamber of Commerce
International IP ind The US t R is a US
trade represent representative. Section three oh one wants less. Okay,

(26:31):
this is important in determining whether the Trump administration should
prioritize that nation for a trade for a trade response.
The Trade balanced Indicator accounts for only one quarter of
the total weighted score and are in this Ultimately, the
article goes goes to say, more important than bilateral trade

(26:57):
balances or the underlying factors affecting US trade with a
given country. And I think Trump tried to go over
that when when when he did that ceremony at the
White House outside the White House, I say tried because
there's other things other than this. How much does does

(27:20):
a country charge for all for United States goods to
be brought into that country? There's other things that they
also can apply as far as fees that could cause
the costs all those partucts that go up in their country.

(27:46):
I just want to say, weighing these conditions, weigh in
these considerations, China, India, the EU, Vietnam, and Argentina ranks
at the five worst offenders in this index. Keep that
in mind. China's are definitely gonna be a topic of this.

(28:08):
But how many of y'all thought Indigna be there? And
it's an interesting that vice President of Advanced supposed to
be structing a deal with India already. So let's look
at this this graph. This is a figure from this article,

(28:41):
and it's an overall score or the worst at best
performer nations. According to this index, China is course number
one negative fifteen point twelve score, India number two twelve

(29:06):
point oh two, the EU negative nine point fourteen, Vietnam
negative five point three, and goes down from there. But
look at how it's broken down. You have trade battles,
you have mean tariff rate. Okay, mentioned that, we have

(29:29):
the non tariff barriers. Again, these are like the Europe
has the added value tax. You know, those are non
tariff barriers. Sources restrictions, countries put put put requirements on

(29:53):
imported girls to protect their domestic industry, which makes sense.
But let's let's make it fair. What else the d
D M MADIC equivalents digital service tax? You see how
all these countries that those of you who are looking

(30:13):
on the video cast, you can see how really it's
not it's it's not even fair, particularly when you look
at China. Uh. And then when you look at Europe.
Of course Europe is not just one country, but when
you look at how they are protecting their what's what's

(30:35):
the largest one here that digital services? It's crazy. It's crazy.
So again, it's not just one thing in re gards
to terrorists. There's other underlining issues that are causing issues.

(30:57):
When we in the United States and it's companies try
to do business with other countries, you know that has
to be looked at, and it is being looked at
by Trump. We' get it that. Let's look at a
couple of couple of countries like China, and this article

(31:22):
goes goes on talks about China, big right about about China,
as she should should should expect. China's a ranking first
in the studies. No surprise, the country has this country
has persistently failed to adhere to the commitments it made
to the United States and other international trade partners when

(31:43):
it joined the World Trade Organizations. Remember that, I think
it was on the at it's under Bush, Pus and Clinton.
I think Puss Puss Puss China. Well, person puts the
door open for China to not only get favorite trade

(32:08):
status with the United States, but also to get them
into the World Trade Organization because they thought by doing that,
showing kindness what somehow equate to the leopards changing the
spots and free as people. I mean, it's it's very

(32:31):
it's very very unrealistic view. And I don't know if
they did that deliberately or they or we were just deceived,
because I don't I can't see them being that ignorant,
but been won before. Over the past decade, the country

(32:57):
has received a new and nearly three point five trillion
trillion trillion trillion dollar trade surplus and manufactured goods with
the United States. In twenty twenty three, Chinese grows goods
trade surplus with the United States reached two hundred and
seventy nine billion dollars, with this amount growing to two

(33:24):
hundred and ninety five billions, so from seventy nine to
two ninety five billion from in this one year twenty
twenty three twenty twenty four, and the figure represented about
one third of China's nearly one trillion dollar surplus with

(33:46):
the world last year. As says, esport swamped the global
swamp the globe Sorry, China's twenty two twenty twenty two
simple mean terriforate stood at six point five. The ustr
US Trade rep identified China as a Priority watch List

(34:12):
country in twenty twenty four for its continued infringements on
USIP intellectual property rights. The report notes that long standing
issues remain, including technology transfer, trade secrets, kind of fitting,
online privacy, copyright law, and patent and related policies. The

(34:36):
Commission on Theft of American Intellectual Property has estimated that
China Chinese IP theft may cost the United States economy
as much as six hundred billion dollars annually annually. A

(34:58):
twenty nineteen seed c NBC Global CFO Concert Foreign Relations
Sorry Forting Slippter Global CFO CONSOLE report found that one
and five North American corporations had their IP stolen in

(35:22):
China in twenty eighteen that's just one year. In i
t IF series of How Innovative is China and High
Tech Industries reports, I t IF documented numerous cases of
IP theft and sectors ranging from electric vehicles and nuclear

(35:46):
technology to semiconductors and electronic displays. China also continues to
be the world's leading source of counterfeit and paratic goods. Oh,
there's more force transfer, forced transfer of technology or intellectual

(36:13):
property as a condition of gaining access to the Chinese market.
Let me see that again. Force transfer meaning that a
lot of people don't understand manufacturing companies have to give

(36:33):
up the intellectual properties just to gain access to the
Chinese market, which I don't. I never understood that this
is the way back in Reagan time when I when
I first heard of this, and I'm like, is it
that important? Are we doing it the same to get
into the market of India, Europe? How does that make sense?

(36:58):
So when you look at how China has become serious,
serious threat to the United States, question has to come out,
how did this country get that way through our technology?

(37:24):
For lost part? So can we blame China for doing
what they do? For doing what we allow them to do?
Countries make choices. I mean businesses make choices. They don't
have to go into them to Chinese market like that.

(37:47):
I always thought that America had the advantage over China
because they wanted access to our markets because we got money.
That's still the case, there will always be the case.
I've never understood why American corporations had to strip down

(38:08):
and show their goods, not going to show their goods,
but revealed the ingredients for the secret sauce to only
later have that come back in the form of a
competitor beating them with that sauce recipe. That's never made

(38:39):
sense to me. But this is where we are. This
is where we are. For instance, goes on to say
April twelfth, twenty twenty four article in the Wall Street
General Reporter that China's pushed to replace foreign technology is
now focused on cutting American chip makers out of the
country tele communications system altogether. The move for impact the

(39:03):
variety of US semiconductor companies, including AMD and Intel. The
article notes that Chinese officials earlier this year directed the
nation's launches telecom carriers to phase out foreign processes that
are core to their networks by twenty twenty seven. The

(39:26):
effort is similar to one articulated in Document seventy nine,
which requires state owned enterprises in finance, energy, and other
sectors to replace foreign software in their information technology systems
by twenty twenty seven. Is that good? So should we

(39:55):
wait for that to happen or should we do something now?
Jumping saying we should do something now? Because they seem
to be very serious about protecting their domestic companies, Why

(40:16):
is it bad for the United States to do the
same or any other country to do the same. Just
look at India. India ranked second in this index. In
twenty twenty four, India recorded four hundred forty five point
seven billion dollar trade surplus with the United States. That

(40:40):
was a top of the forty three point three billion
trade serveplus the year before. India's simple meaning charity rate
is fourteen point three percent while a trade while a
trade rated basis, This rate is almost twelve percent compared

(41:05):
to America's rate at two point two What does that mean?
The tree weighted index example, For exporters, a depreciating index
means that their goods become cheaper and more competitive are

(41:29):
broad potentially increasing sales. So in contrasts, it's not a
good thing. That's why this is so important, Okay. In
twenty sixteen, India's implemented an equalization levee of six percent

(41:54):
on non residents engaged in online advertisement and related activities
with Indian customers, attacks attacks Indians. Finance Act of twenty
twenty expanded the EL to introduce a levy on e

(42:17):
commerce supply or services equal to two percent of gross
income facilitated by the non resident e commerce e commerce
operator two percent of the gross, not the net the gross.

(42:41):
On March twelfth, twenty twenty four, the Indian Ministry of
Corporate Affairs released a draft report of the Committee on
Digital Competition Law along with a draft bill on the
Digital Competition Act that bears a striking resemblaice to the

(43:03):
EU's problematic Digital Markets Act. The legislative embraces x anti
regulatory model and follows the path of overbearing competitive policy
that was taken by the EU and recording that in
the three minutes, India remains one of the world's most

(43:28):
challenging major economies with respect to protection and enforcement of
ip Who knew that India continues to place elevated restrictions
on patents subject matters eligibility that it sees the required novelty,

(43:52):
inventive step and industrial applicability requirements under Section read of
the Indian Patent Act. There is this an additional fourth
hurdle regarding the inventive step and enhance efficiency that limits

(44:17):
patent ability for certain types of pharmaceutical inventions and chemical compounds.
India arrange forty second out of fifty two countries on
the Global Innovative Policy Centers International ip Index Swhere India

(44:38):
s where India's pirating and firm and audio visual content
through illicit video recordings remains a major challenge. That's India
supposed to be one of while or the United States ally,

(45:00):
So then we look at Europe the EU. The EU
ranked third in this index and is among the leading
practitioners of discriminatory trade policies. The article says, talking to
US enterprises, particularly those in digital industries, thanks especially to
the d m A, the Digital Services Act. In fact,

(45:25):
there are over one hundred digital regulations in the force
across EU and enforced by at least two hundred and
seventy agencies. They're serious, They're serious about protecting their grounds.

(45:46):
Why should in the United States, article cots on the
safe but if the I T I F was has
has written, but as I T I F has written,
the legislation should really be called the US Tech Firms

(46:08):
Act as a legislation intentionally singles singles out US companies.
For instance, European Parliament m reporter for the d m
A undressed Schwab suggests that the dm A should unquestionably

(46:34):
should questionably target only the five biggest US digital firms
i e. Google, Amazon, Apple, Facebook, and Microsoft. Basically, d
M A and d S A have been designed to
cover almost exclusively US firms and not the European or

(46:55):
Chinese competitors that offer similar services. In twenty twenty three,
the article ran a trade subplus. Sorry. In twenty twenty three,
the EU ran a trade subplus of two hundred and
eight point seven billion dollars with the United States. The

(47:18):
EU runs significant trade subpluses with the United States across
a number of advanced technology industries, including the pharmaceutical, medical devices,
motor vehicle and parts, electrical goods to the community, to
the community, tell the communication goods, chemicals and instruments. Europe's

(47:43):
large trade subplus through the United States and pharmaceutical stems
from launsry seems largely from the extensive drug price controls
impermitted by most countries on the continent and their failure
to pay adequate price crisis on innovative medicines. So that's

(48:04):
one of the underlying restrictions that cost Americans companies access
to Europe. That's in addition to tariffs. So how does

(48:27):
how does this all look when you break down the
industries and how they trade between EU in the United
States looks it looks like this. You have you look

(48:52):
at EU imports, EU exports and a balance. But those
are you those? Are you able to look at this?
It ain't It ain't pretty. It ain't pretty. The EU
export grossly, it's larger than EU imports. It's not not

(49:25):
even closed, particularly when you look at medical and pharmaceutical products,
not even close. And we look at motor car and
motor vehicles definitely not closed. This is what Trump is

(49:47):
looking at. Make it fair if you're gonna be free trade,
making fair trade, as you mentioned, reciprocal tell us meaning
that if if you tr as me x amount of
dollars or our industries to get access to your country,
we'll do the same. I don't see a problem with that.

(50:11):
But it's also this underlining costs cost cost issues as well,
like the added value attacks. You know, all of those
make US products going into the U Zone costs more.

(50:31):
And again if they want to protect their industries, fine,
but don't get mad when the United States want to
do the same. To me, that just made sense. That
just makes sense to me. Here's an example. While the
European Union applies a relatively low simple mean terror this

(51:00):
cures a variety of value added taxes, the article goes
on to say, and other fees that make US brought
us more expensive. For example, the EU levels a ten
percent terior for a US car imports, while the United
States imposes that means the two point five percent. And

(51:20):
the president and President Trump has observed when Europe's value
added taxes are added end the US car exports to
Europe can be a tariff and tax as high as
thirty percent. So again it's not just one element here

(51:42):
in regards it's not this terrorists, not this terrorists. And again,
unfortunately Trump doesn't do a good enough job and breaking
us down and split him to the American people, nor
has he tried just to go on a night, a
night uh talk with the American people from the Old

(52:06):
Office or somewhere, just to tell people what's what be
very beneficial to them. I think, So, what does this mean?
When you look at the weighted standardized scores, you really

(52:26):
understand how big of an issue this is. Regards to China,
It's like neggative two hundred and seventy seven point five billion.
You know that the imbalance the eused two hundred and

(52:47):
seven point nine billion, Mexico one point five one billion,
Vietnam one hundred I'm sorry, one one hundred and fifty
one in regards to Mexico. I don't know if it said
that correctly or now. And then Vietnam one hundred and

(53:09):
four point five billion in deficit, Canada sixty eight point seven,
Japan sixty seven point nine and you know, just looking
at the top three China, EU and Mexico problems. Problems.

(53:38):
But let's look at history. When you look at the
issue of trade, we have to look at what's taking
place in the past, particularly NAFA, the North American Free
Trade Agreement that was signed in nineteen ninety four between America,
United States, Canada, and Mexico public free trade zone What

(54:03):
does free trade mean and what's been the benefit, particularly
regards soon after positives. Cheaper consumer goods boosted esparts efficiency
gains means that it forced US companies to be more competitive.

(54:25):
Growth in some industries, not all. The industries that really
benefited had to deal with agriculture, aerospace, and the financial services.
It boosted esports, particularly to Mexico and Canada, and of
course it made goods cheaper. We have become addicted to

(54:52):
cheap foreign goods. But what were the negatives? We lost
manufacturing jobs big time, particularly when you look at what
occurred and the rest belt, and you really came far

(55:17):
company owners, industry owners. You give them a way out
of paying higher wages, and when you look at wages
and employment costs being the highest costs with the business,
you get them a way out to produce these same

(55:38):
goods with cheaper labor. I'd be fool not not to
take advantage of that. So they were given an out,
and doing so, manufacturing jobs left at a rate. According
to many estimates, at least seven one hundred thousand jobs

(56:01):
were lost over several several decades. When you have a
US employee who may be making I don't know, twenty
dollars an hour having to compete against someone who equivably

(56:26):
is earning two thousand an hour or is willing to
come to the United States and work for half. Who
are you thinks gonna win? So we have wayes being suppressed,
particularly on the lower end. Particularly we go and look

(56:49):
at those who are not as educate it, the young,
those on the lower end of the economic ladder, and

(57:10):
then course you're going to have the trade differicits. All
of those were products so called Free Trade Zone of
NAFTA and others like it. To give you even better,

(57:31):
more vivid view of this, we look at this information
that was supplied by the EPI Economic Policy Institution, I
want to say analysis and the Bureau of Label Statistics

(57:56):
and Centsence Bureau data changes in after US straight for
Canada ninety three, domestic exports were one hundred and one
billion and two one hundred and forty two billion, So

(58:19):
that's good with Canada exports. Imports dropped negative one nine
in ninety three and two negative two hundred and eight,
so that's the change of sixty one point one percent

(58:44):
net exports. Net exports drop ninety three negative twenty nine billion,
two negative sixty seventy billion to change to a net

(59:04):
negative thirty eight billion dollars. Mexico domestic esports forty four
billion and ninety three, that's positive eighty five billion and two.

(59:29):
That's a gain of forty two billion. That's good exports,
but imports dropped Mexico negative forty five billion and ninety
three two were one hundred and thirty four billion. One
hundred thirty four billion, one hundred and thirty four billion

(59:53):
dollars brings a total of negative eighty eight billion. So
the totals and after domestic esports in ninety three one
hundred and plus one hundred and forty four billion and
two plus two hundred and twenty seven billion, so that's

(01:00:14):
a positive of eighty three billion dollars, but imports negative
one hundred seventy five billion and ninety three oh two
niggaive three hundred and forty two, and that's a change
of one hundred and sixty eight billion. Esports negative thirty billion,

(01:00:38):
ninety three or two negative one hundred and fifteen. So
you see negatives negatives. So when you compare Trump and Madisons,

(01:00:58):
they mirror in regard to trade and terror wars Trumps
and Trumps, for example, with important terrors on a range
of imports, particularly from China. Trump used tariffs as a
tool to protect American industries and reduce alliance a foreign goods.

(01:01:19):
The trade war with China is the most notable example
if you all remember that, where Trump if tears up
to up to three hundred and seventy seventy billion dollars
for the Chinese goods. Madison was big on protecting domestic industries.
Number two, we're showing, we're showing manufacturing jobs. Trump has

(01:01:43):
made it clear he wants to bring manufacturing back to
the United States. He wants to do that. He wants
to incentify his companies to not only stay in the
United States but also relocate to the United States. And
you saw that in his his test policies. Uh In

(01:02:04):
in in the UH in his initial administration, and you
will see that again coming up in disadministration. Madsin thought
the same thing. It's vital to keep US companies here
vibrant and protected. We're drawing from more the multi lateral

(01:02:34):
trade agreements like the Parious Claimate of course, which was
totally anti American, and of course UH revamping after to
U s U, s U, s m C A, Okay,

(01:02:54):
get out of it. It's it's it's advantageous to US interests.
American fust policies that includes the rolling back of environmental regulations,
support a fossil fuel, making the United States for the

(01:03:16):
first time in a long time, energy independent, and recognizing
that we have a surplus of energy resources under our
feet more than any other country on the planet. Particularly
it comes to cold and natural gas, which we should
be using more and figuring out how to use cold

(01:03:37):
because China's using cold. But yet you want us to
enter into a climate treaty with China. How does that
make sense? Because they're not going to stop using cold
because they understand the value of them using cold. It
grows the country, it makes them energy independent because they

(01:04:00):
don't have natural domestic energy sources. When you look at
how big it is, that's an issue and how many
people that have that's an issue national security and foreign
investment restrictions. Don't let everybody into your home to to

(01:04:22):
to take advantage of of your your industries, but you
can come to it. That's big time, and we need
to definitely look at China's influence on major US universities.

(01:04:45):
That is a serious, serious issue immigration labor policies. And
we see how Trump is trying to restrict foreigners coming
in taking American jobs, but that there is another site
to this. Everything's in context. You can't stupified, can't stupefy

(01:05:12):
the American people through education system that doesn't work and
focuses on indocument not education. And we moved the pathway
for people who are not built designed to go to

(01:05:32):
college to look at trades and skills such as wealth
and such as built and such as you know, for
vocasonal studies. And then it's back for all people coming

(01:05:53):
out of those educational systems, so called education systems, to
be able to provide the skills and label that it
is needed domestically compared to someone say from Mexico or
some other country, who who has not forgotten how to
hammer on now, has not forgot how to do things

(01:06:14):
with their hands that's just not realistic, or who has
a work ethic. There's a lot of things that we
must do domestically in our own home if we are

(01:06:35):
going to realistically compete against the laborers from other countries.
And if a company domestically can't find domestic people to
employ to do what they need to go to their business.

(01:06:57):
They must be able to look elsewhere then they will
for their very survival. So that has to be part
of the equation. Again, America first policy and cut to
trade America first. I mean, there's nothing more need to

(01:07:18):
be said about that. But what does this all mean.
It's not just this and a vacuum. He's looking at
the feature. And I mentioned this before in regards to
the the dollarization that's going on. I mentioned in a

(01:07:46):
production a while ago, I may need to revisit the
power need to revisit. We cannot imagine the dollar only
being able to be used within the United States. We
can't imagine that. But that was actually the case prior

(01:08:09):
to the print would the cords? We'all don't know what
that is. Y'all need to definitely do a Google search.
After World War Two, no other country was able to
economically stand on its own like America. So the countries
came in, sat down and said, hey, you take the

(01:08:34):
ball America. You make were gonna make your your currency
superior to all of us, but in return, you promised
to keep your dollar packed to go. So one go

(01:08:56):
off off the rails America said yes, of course. For no,
I mean Nixon renigged on that, taking us off the
gold standard, turning all the all the world currencies into

(01:09:18):
a free currency, not back by anything other than the
citizens belief that's worth something. But the the dedollarization is
occurring now being talked about unfortunately. But this is what

(01:09:38):
Trump is looking at as well. Eventually the dollar is
not gonna be the king because again here's stuet piece itself.
The reason why Ford I mean Nixon had to take
us take renigged on his on his on the agreement
was that the United States over extended itself economically and
militarily and do mess and the value of the dollar

(01:10:03):
was going down. The world's leaders saw this happening in
regards to trade. They say, hey, we don't want this
depreciating paper, we want gold. So they made them run
on the US banks, the federal reserve. I want go

(01:10:24):
I don't, I don't, I don't. I don't want this
paper because your financial house is upside down. Google for Cocoacas.
The same things happening now, the same things happening now,

(01:10:47):
So they are looking to create another reserve currency or
a bucket of reserve currencies, but they don't have to
be tied to owning the US dollars even if they are.
The trade make trade big agreements with countries using that

(01:11:08):
own currency, totally site stepping the use of the US dollars.
What does this mean when you look at according for
according to most of the recent data available for the
IMF Fund, the US dollars accounts for fifty seven percent
of allocated currency reserves as as of the third quarter

(01:11:33):
in twenty twenty four, fifty seven percent rail ahead of
the euro, twenty percent Japanese yuans. So it's not going
to just the situation is not going to change tomorrow,
but it's changing because the United States is shown that
it's not serious about its economic house again. They're over

(01:11:57):
extending the stents militarily and their going the expense domestically
with social welfare programs. We're not Europe. We can't spend
more money on social welfare programs than we do on defense,
which is why you see Trump wanted to encourage Europe

(01:12:21):
to put more dollars in their own defense, so therefore
we could reduce United says can reduce spendings on defense,
particularly regards who protecting Europe. He's not putting this stuff
out of his ask people doing it for a reason.

(01:12:43):
But when you look at goes on to say said,
although there's no doubt that it remains on top. The
dollars share of allocated currency reserves has fallen over the
past few decades, down from more than seventy percent in
just twenty on one. Not that long ago, folks, not

(01:13:06):
that long ago. Again, this decreases led let some experts
the question whether we may be expended think doutarization, a
reduction of the world's reliance of the year's starter as
a problem in reserve currency. Yes, and China is leading them.

(01:13:28):
But China has an issue. Nobody trusts China. That's a
big issue because they don't tell the truth and they
hire so much of what's actually going on in their economy.
Businesses do not like certainty, the deffinite don't like being
lying to when it comes to their money and where
they're gonna put it. So don't people for what they

(01:13:50):
reason they want to champion Chinese rise and think that
they that they're gonna flip the United States. They might
do it economic, but that's that's military only because the
United States is giving someone self technology witing lead underwill
into China to therefore use against US. Hopefully Trump would

(01:14:12):
change that, but he can't do it on his own
because he's on here for maybe three good years. It's
used to be. They need to be a national policy
that is forever ending, for forever, forever, never ending, forever,
pursued by every leader after Trump. But we are no

(01:14:40):
Democrats love communists, so we'll see. Imagine a world not
dominated by the by the US dollar. Potential negative impacts,
higher indust rates, A few foreigners, foreign governments and investors
want to hold the US dollars to and treasury of

(01:15:01):
bonds to US will have to offer higher interest rates
to attract buyers. That's not good news for them, but
that's not good news for US. It's good news for them,
but for US it will make more mortgages, car loans
and borrowing costs go up. A week of dollar demand

(01:15:24):
for the dollar, can could could fall wei can its value.
If you think imports are high, now, wait till it
costs even more to buy that same product, which is
why again Trump is trying to get more products built
here makes sense. Inflation pressure A week of dollar and

(01:15:50):
higher import costs, not could real fuel inflation, especially on
goods that are important, the loss of exopening privileges. Again,
we cannot imagine not being able to call the shots

(01:16:14):
internationally in regard to financial issues. We cannot imagine not
being able to go abroad and use a dollar. We
can't imagine that. We cannot imagine the benefit and the

(01:16:36):
privileges that we will lose when the US dollar is
no longer the bull of the words economically, because we
have not seen a time that it wasn't. This is
what Trump is seeing. This is coming because the world

(01:16:57):
doesn't trust the United States government too had in its
financial house and an act, an act with maturity, humility
and more with the with the clear moral compass. They

(01:17:22):
just went through four years where the head of uh
SSS was a guy dressed as a girl. And how
and in the United States trying to impose policies, trade
policies on African countries or countries who understood that man

(01:17:43):
is a man's woman's a woman and wanted them to
say no woman could woman could be a man. The
scene is to say, do we want to be embearded
these people and trust them for our economic survivor well
of being, and then you want to up a four

(01:18:05):
to three dollars plus trade differicit will only and then
acting like it's no big deal. Yeah, countries are seeing that.
We cannot imagine the world not being dominated by US dollar,

(01:18:26):
and that's coming some positives. Okay, again, if we are
we are producing more home than we don't have to
worry about import so much. So therefore with the week
of dollar, it will make our good cheap or barrow.
But we gotta be making stuff here to make that right.

(01:18:49):
Manufacturing rebalancing higher costs of imports could encourage more domestic production,
which is what Trump is trying to encourage. Make more
stuff here, be less relying on on imports. We have
more control of our feature. But the denitalization, you ain't

(01:19:11):
gonna be pretty. It's not it's not gonna be pre
be pretty, because then who's running the world if not
in the United States, China. We had to look at this,
We had to look at this. We's Trump what's more

(01:19:31):
eloquent and make these very needed presentations to us still
a maerking people, because this is all this is all
this common sense. But if we don't know what's happening
and why it's happening. Then we can't make educated decisions

(01:19:54):
and tortures in what direction we want to live and
pursue in our own personal lives at home, and who
we're going to vote in to pursue as a country.
If you don't know your history is going to repeat
and when it repeats, and if you don't know that

(01:20:16):
this is not the first time, then you act like
this is this is the first time, you know. But
the United States has to has to get his house
in order. That's a payoff, debts outstanding, be more responsible

(01:20:38):
for its actions, and put God back on the throne.
Without those things happening, we are in a world of hurt.
So when you look at again the dollars use and

(01:21:01):
share amongst the reserves since print Wood, Yeah, that's gone
down from the high of seventy percent in nineteen seventy
to a low rot now to fifty seven percent, and
it's going down, and it's went down particularly since Trump

(01:21:22):
with his unveiling up this trade policies. Hopefully it will
return some, but trust, trust, it's not an easy thing
to regain once it's small. Want people to lose faith
in you, and how you handle things. I could see

(01:21:45):
that there's things change quickly unless things change quickly, really
in the word of her, and we must understand that
this is what's happening and be able to act accordingly,

(01:22:08):
respond accordingly. Trump may not be the rapping the rapping
that you will want a leader, but compared to what
the United States and American people had to deal with

(01:22:30):
over the last four years, just made it serious about
doing right by the American people. But the education level
of the American people is a problem. Couple with the
inability for Trump to articulate his position to the American people.

(01:22:52):
Maybe because he knows the education level off American people
will will be problematic to him getting his mesicide and
for us to understand what he's saying, combined with the
control of the entertainment industry and news media by the

(01:23:17):
left that will look to distort what he's saying. But
this is where we are. This is where we are.

Speaker 2 (01:23:40):
Thanks for listening to today's show, and don't forget to
like and subscribe to this podcast and look for Project
Third Eye Open on your favorite social media platforms. Check
out our web page at Projectthirdiyeopen dot com and that's
Third i with the letter I projectthirdeyeopen dot com, drop

(01:24:00):
us a note at tonyel At projectthirdiyopen dot com. That's
tonyel At projectthirdiyopen dot com. As you wait for our
next podcast to drop, don't take anything we've satisfact. Instead,
do your own homework, make up your own mind, then
take action until next time. Be blessed, be good, and

(01:24:25):
be free