April 10, 2025 • 38 mins
The Trump Administration has signed its Declaration of Economic Independence and we must understand American History before passing judgement on the 47th President's mission
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Speaker 1 (00:03):
A lot of tariff talk, general, lot of tariff confusion,
tariff hysteria. Then you would think general that the.
Speaker 2 (00:13):
Good to see it. It is crazy. Yeah, I'm sorry.
Speaker 1 (00:15):
I'm so excited about the tariffs and how Donald Trump
is using them. He didn't go back just to his
first term and how he used tariffs. He's going back
to the eighteen hundreds. He's going back to the early
eighteen hundreds. And we want to do Todays show. We
got to go back in history.
Speaker 2 (00:33):
Here we go.
Speaker 1 (00:34):
Don't don't lose us, don't change the dial, don't go
to FM, don't go over to someone else's podcast. We
promise you this will be entertaining. It's stuff you need
to know why. Because the state sponsored media, the investor class,
the globalist the news outlets, the anti trumpers, the never.
Speaker 2 (00:59):
Trumpers, the TDS sufferers.
Speaker 1 (01:01):
The people that lied to you about everything over the
last eight to ten years.
Speaker 2 (01:06):
After the last age ten decades.
Speaker 1 (01:08):
Are telling thank you, are telling you that tariffs are
evil and that they're going to jack up prices. It's
not that simple, and so we want to put some
more historical context. Donder this, and I haven't heard at
least on the easy to reach places to get some
historical context and specifically general I had to do some
(01:32):
a little light on the tariff topic.
Speaker 2 (01:34):
Mind you.
Speaker 1 (01:35):
I'm big on thank you, I'm big on revolutions. I
love PSI. I love thinking about the conspiracies and the
psyops and everything that we've done.
Speaker 2 (01:47):
In Korean boy bands since since World War Two.
Speaker 1 (01:52):
But we have to go back in time to understand
how tariffs work and don't work. But first, general, did
you know that? But let me ask you this, how
did the United States government fund itself from day one
up until basically World War one world War two?
Speaker 2 (02:14):
That would be taxes on imports and exports, which are
known as tariffs.
Speaker 1 (02:19):
Yes, I mean there were periods of time that are tariffs.
The way we had to we have taxes, you know,
the federal government needs to tax has taxed somebody. The
Constitution says no direct taxes on the people. So you
could have excise taxes. You could tax tobacco, you could
tax liquor if.
Speaker 2 (02:41):
It was going out on something to some other country.
Speaker 1 (02:44):
Also, well there were taxes here internally. You could have
excise to excise taxes. Yeah.
Speaker 2 (02:49):
Sure, But the.
Speaker 1 (02:50):
Federal government, the federal government did what Donald Trump's doing,
which is we're not going to tax our people anymore.
We're going to because in the beginning we couldn't. We're
going to tax other countries that want to sell their
goods to our people.
Speaker 2 (03:07):
Now keep in mind though that you know, whenever you
raise prices for consumers, that is a form of a tax,
and people pay taxes no matter how you slice it
one way or the other.
Speaker 1 (03:18):
It's a balance. And Reagan knew this. He balanced this.
But you know, before we get our I don't want
to jump forward one hundred and fifty years like this.
But first you have to understand how this all happened.
So then the first Industrial Revolution in England and Britain,
you had textiles made with cotton and wool. Now listen,
this is important. Demand surged because England colonial markets American
(03:43):
India had more access to cotton and wool and also
access to more consumers. So the markets for both cotton
and wool expanded and the market for buyers expanded. Hand
spinning could keep up. It became a mechanized industry at
(04:03):
factories in England. Eli Whitney's cotton Gin boosted raw cotton
supply from the US South. That's what made the South
a big economic force. And then the steam engine used
abundant coal as a fuel. We ditched wood, we went
to coal. Why not didn't hear the people talking about,
(04:27):
you know, we needed to stay on wood. We're going
to go to coal. And then that engine, that steam
engine was put on rails, trained tracks and onto ships.
And that coal they had something called they found coke,
coke for smelting, and it made iron cheaper and stronger.
And what did you do with iron? You made bridges
(04:51):
for commerce and rails for roadway locomotives. Why why England?
Because England had both coal and iron iron ore on
the island, and it had free labor slaves. So a
lot of profits went right into the hands of the industrialist.
(05:11):
And then from there they took their money and they
went out and became imperialist. They took their money and
they went out they.
Speaker 2 (05:20):
Said, we like this.
Speaker 1 (05:21):
We can go get even cheaper raw goods in the
United and the colonies of India and America and other places.
And we have free labor, and now we have this technology,
and boom. Britain became great Britain. Well, not so fast America.
(05:42):
We fought for our independents. Britain was our trading partner,
and the first thing we did, our very first Act
of Congress was a terrrif act. Very first Act of Congress,
signed by George Washington, was to impose tariffs. We were
going to tax the imports coming from Great Britain and
(06:04):
France and Spain so that we could fund our government.
And that's the way it was for one hundred and
plus fifty years. We protected our merging American shipbuilding industry,
so we carved out some exceptions to protect those because
we needed help with that, but we were not going
to be a colony to be exploited. Tariff revenue was
(06:24):
a success. We paid off our revolutionary word debt. We
had enough money actually to beat the British again in
eighteen twelve. Eventually, yes, we funded that through federal revenue,
primarily tariffs, and economic nationalism was born. The trade off
(06:45):
to tariffs general wasn't the stock market crashing. The trade
off was smuggling. Smuggling was the problem. That was the
biggest problem with tariffs today it's the stock market whatever.
But we had we taxed imported goods. Internally, we got
(07:05):
a little greedy federal government said hey, let's tax whiskey.
They didn't go so well, did it. No whiskey tax
rebellion and informed us that internal taxes on the people
and our whiskey was not to be tolerated. So it's
politically unpopular. Taxes on the people were politically unpopular. Taxes
(07:26):
on other countries politically popular and financially sound. Now we
had another great revenue source land. That's true as we
continue to go west, Thanks Lewis and Clark Thomas Jefferson,
land sales became the number two revenue generator for the
federal government, and this money was used to fund the
(07:50):
stronger military that we eventually had. And number three, we
stayed out of wars for a century. We stayed out
over a century in the eighteen hundreds, so our treasury
was flush with cash. By eighteen thirty. We had a robust,
(08:11):
tariff driven system. We had frugal spending. Why who was
the man in the White House in eighteen thirty, that's right,
Andrew Jackson.
Speaker 2 (08:20):
Yes, that's right.
Speaker 1 (08:21):
He was the first populist. He was a limited government guide.
He was a return to Jeffersonian democracy, frugal spending. The
America's first conservative president. We had a budget surplus, no
federal debt for the first time ever. But then Andrew Jackson,
we need to keep making money, so we need to
keep selling more of this land. But he's hearing that
(08:43):
there are some people out west that don't want to
sell their land. So he signed what's unfortunately the Indian
Removal Act. And as a result of those additional land
sales from the dn Removal Act, we made even more
money for the federal government. Still had no internal taxes.
We had the Gold Rush, then we hit the Civil War,
(09:05):
the introduction of the first income tax that was later
declared unconstitutional, and then we get into the American Industrial Revolution,
and this is where things get a little more interesting
and very relevant to today. Stick around, catch up with
some history in the tariff world. I'm Brad Kaffel. That's
(09:25):
the General. This is for the Defense of the American People.
On six' TEN wtd In welcome back to for The
defense of The American people With Attorney Brad. Kaffel monday Through,
friday you can catch The general AND i if you
have a legal need of a quick shameless promotion for
(09:46):
Our monday Through friday day, jobs, lomules if the government
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(10:08):
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know this is a controversial. TOPIC i get, EMAIL i
get handwritten notes and. LETTERS i respond. Everything, EVENTUALLY i respond.
(10:28):
Everything but tariffs are A tariffs have been a controversial
topic In.
Speaker 2 (10:36):
America it's one of the few one hundred years PLUS
i think it's one of the few places where people
can have differing people of goodwill can have an honest
debate about.
Speaker 1 (10:45):
This yas, yeah and tariffs ARE i refer to myself
as as an aspiring, libertarian as a want to be
a libertarian because this is one of the parts WHERE
i do believe we need government intervention to Protect american,
indus to Protect american.
Speaker 2 (11:01):
JOBS i would disagree with, that but go, ahead all.
Speaker 1 (11:04):
Right so as long as we're dealing with foreign competition
that is not going to play, fairly that they're going
to play by the same rules, THERE i. Agree that
is WHY i believe our government needs to protect our
industries like, steel. Auto we can go on and.
Speaker 2 (11:24):
ON i would phrase it a little bit. Differently we
need to protect free, trade not protect our. Industries our
industries can protect themselves if we have free. Trade how will?
Speaker 1 (11:35):
You, ever it's the non tariff barriers that are the
next chapter of this.
Speaker 2 (11:39):
Conversation, yes everyweens.
Speaker 1 (11:42):
Understanding we can talk about tariffs in today's second part
of our tariff. Show last show Is Trump's Terrific. Tariffs
this show is The return of The American. Colonies and
the first segment we just talked about how The United
states very first law ever passed major piece of legislation
On july, fourth seventeen eighty. Nine they exercise The congress
(12:06):
exercised its. Discretion out of all the things they could,
do was to put on a tariff on. Imports why
because The Industrial revolution was just kicking off In england
and they were the beginning of globalism as their colonial empire.
Expanded so The american we did two main things from
(12:33):
seventeen eighty nine TO i would Say World war. One
number one is we had tariffs to protect our baby
industries such as, steel, iron, steel cotton, farming. Wheat we
(12:56):
needed some protection from them because The british could flood
our economy with cheap goods that they basically stole from
other countries through their imperialist. Ways, Right so you're raising,
HERE i, Wrote but anyway they could flood. There they
could flood our market because they had slave. Labor we did,
(13:20):
too but they had slave, labor but they also had
the ability to go to other markets other countries in the.
Speaker 2 (13:26):
World i'm not sure The british had.
Speaker 1 (13:28):
Slaves they they did until they. Didn't but there was
slave labor in the very in the First Industrial, revolution
in the lowlands Of, england where the textile industries moved
a lot of goods into the stream of, commerce there
(13:49):
was slave.
Speaker 2 (13:49):
Labor that was it.
Speaker 1 (13:50):
Was if it wasn't, total if it wasn't per se slave.
Labor it was you had no exploit of, labor much
like what you have In china right. Now and so
the very first thing that Our congress did was to
put up protective tariffs around The american, farmers The american textile,
industry the, shipbuilding and then as, steel, rail steam engine
(14:19):
ships all started to connect the, markets bringing new suppliers
to new. Buyers then you started to see the seesaw.
Speaker 2 (14:29):
Going back and.
Speaker 1 (14:30):
Forth but we used tariffs to make sure that we were,
independent that we could take we were self. Reliant the
second thing we did was we stayed out of The
european wars of the eighteen.
Speaker 2 (14:43):
Hundreds very, helpful very.
Speaker 1 (14:45):
Helpful and if you want to drain your, treasury go to,
war go to, war Right, so which has been the
name of the game for The United states essentially since
nineteen forty. One so when when The Industrial revolution really
kicked in here in THE, us we had expanded. Supply
(15:10):
so we have the supply of goods was expanding because
of The Industrial. Revolution we can make a lot more.
Things prices dropped.
Speaker 2 (15:20):
As production cost.
Speaker 1 (15:21):
Dropped as production cost, dropped but you had in order
to buy you had to have gold or gold back. Currency,
well banks had these. Rules the federal government had rules that,
currency all banknotes had to be backed by. Gold and
then we had fractional reserve banking that allowed the banks
(15:42):
to lend, out say ten dollars for every one dollar
they had in reserve and. Gold but we still couldn't
our economy still couldn't keep. Up we still had we
couldn't print more money into The american economy due to
these gold reserve requirements and, there and you, know prices,
fell profits. Fell american farmers, like, okay look we want
(16:03):
to sell To european markets Like france And, germany but
they had protective. Tariffs and out west they're, like we're finding.
Silver let us use. Silver will increase our money supply
by putting silver.
Speaker 2 (16:14):
In it's a precious metal, too it's the precious.
Speaker 1 (16:17):
Metal so you had this this and we've talked about,
this and now it's all kind of coming. Together you
want to expand the. Economy they want. Silver, well back,
east The eastern bankers they had the. Gold they wanted.
Gold they want a monopoly on. Gold eventually they got
the monopoly on gold with the federal, reserve but the
silver lost out and because of the demand for, silver
(16:43):
basically being we're not going to be you're not going
to be using. It people, thought reasonably and, rationally, well
there's not enough gold in. Them they're banks behind these
here paper. Notes so they start to run to their local,
bank their local savings and. Loan and yet bank. Failures
and once the banks start to push, daisies then where they.
(17:04):
Invested who relied on the banks were the. Railroads they
start to push daisies and we had the first Big
american depression called The panic of eighteen ninety, three one
of the worst in history to this. Day and what
(17:25):
did we. Do we passed A Tariff act of eighteen ninety.
Seven we put fifty percent tariffs on, imports and tariffs
went back up to basically being fifty percent of federal.
Revenue why because we favored domestic production and we needed
we needed to help stabilize our. Economy everything was hunky
(17:49):
dory until the unusual ascent to the presidency of One Woodrow.
Wilson these progressives really screwed us. Up slash tear. Tfs
why Globalism who was behind The wilson presidency is a
lot we could talk about. That tell you who really
liked slashing tariffs were The. Europeans, yes, indeed The european
(18:10):
bankers love Slashing america's.
Speaker 2 (18:12):
Tariffs america's, cheffs not their. Own that's.
Speaker 1 (18:14):
Right So Woodrow wilson gets into the presidency in nineteen
twelve and they slash. Tariffs federal revenue. Drops we increase
taxes on goods like liquor and. Tobacco american people don't
like being. Taxed we started to tax, corporations hadn't done that.
(18:36):
Before and then we start talking about an income tax
amendment in nineteen, thirteen.
Speaker 2 (18:43):
Just a little tiny and temporarily we're going to tax the.
Speaker 1 (18:47):
Peoples put into The constitution general no direct taxes because
for a thousand years before The American, revolution the number
one cause of, rebellions volts and revolutions where the, peasants
serfs and others saying you're taxing us too. Much taxes
(19:09):
are no. Bueno tariffs are. Bueno all, right we are
back for the defense of The american. People we have
to you have to understand, tariffs and you have to
understand why there's this outrage about tariffs right. Now and
it's not because of the stock market and it's not
(19:30):
because of they're they're. Bad they're. Horrible they're going to
drive up, prices the the outrages because they don't want
The republicans to win in twenty twenty, six.
Speaker 2 (19:43):
And they And Orange man bad. There they know.
Speaker 1 (19:46):
That it's going to take some time to, reindustrialize re
sure bring paychecks back to The United, states and it
might take more than twenty four. Months it might take
long than. That it's going to take this long to
reverse this. Ship but before we get into, that got
(20:07):
to understand. Tariffs tariffs funded the federal government up from
the day one up Until World War, one along with excise,
taxes sales, taxes and land. Sales as we went, west
we had a hiccup in the eighteen nineties there was
a bank run that caused economic. Collapse the reason there
(20:29):
was a bank run primarily is because out west they
wanted to use silver for their, exchange their current for their.
Currency the guys out east said, no and we had
the abolishment of silver as a form of. Currency it
was only going to be gold. Now so the, people
(20:51):
the people primarily west of The, mississippi were holding onto
these certificates based banknotes that were supposed to be backed by,
gold and there was a concern that there wasn't enough
gold in them our banks to convert these here dollars into,
gold that these basically these are pieces of paper. Worthless
(21:12):
so you had a bank, run which caused all kinds of.
Problems you never want bank. Runs so The Federal reserve
was created nineteen thirteen to prevent these bank runs, ostensibly
but When Woodrow wilson came To When Woodrow wilson ascended
to the, presidency not only did we did the progressives,
(21:33):
GLOBALISTS i don't know who they were beholden, to but
they weren't beholden to The american. People they, said you,
know we're going to lower these, tariffs maybe even eliminate
these tariffs that Benefitted. Europe we're going to tax The american.
People we now hold on that's. Unconstitutional oh, no, sorry
nineteenth we passed the Sixteenth. Amendment did you not catch
(21:55):
that in The New York Daily. News we can now
tax your, income but we promise it's just going to
be on the super. Rich it's just going to be
short term and, yep and we're going to tax corporations
they have too much money, anyway and, no we're not
going to. Ward we're not going to The European. War
he campaigned on that in nineteen, Sixteen we're not going to.
(22:17):
War and By april of nineteen, seventeen we have dough
boys and the trenches.
Speaker 2 (22:24):
In with both. Feeds so now.
Speaker 1 (22:26):
The eastern bankers have. Created they finally got their, bank
they got the central, bank and gold is the only
currency that you could that was backing the. Banknotes this
central bank to this day private mysterious controls the, economy
(22:49):
has a monopoly on the money. Supply and coming out
Of World War, one Those european nations repaid their war
loans To american banker in.
Speaker 2 (23:00):
Gold that pushed up the gold, reserves.
Speaker 1 (23:03):
Allowing us to print even more. Money what, Happened, well
you have a ton of money in the, system and
The roaring, twenties at easy, credit you could buy a.
Stock it got so the easy, money the lords of
easy money made it so. Easy, general did you know
that you could buy stock with just ten percent? Down
(23:28):
you didn't have to just like a, house you're buying
on the, margin buying on the. Margin so the introduced
debt to The american. Consumer The american working class to
participate in this economic boom of The roaring. Twenties, well
farmers out west never fully recovered because now we opened
(23:49):
up The american economy to these lower, tariffs it drowned
out The american. Farmers weat cotton, Corn they got crushed
and it got to the point where the farmers were
only paying interest on their farmlands until they couldn't and
they lost the. Farms and you can go back and
find out what happened to those agricultural. Prices they went
(24:13):
down because the market got flooded by foreign.
Speaker 2 (24:17):
Wheat, well and then also remember, this as technology goes,
forward you get more and more, production cheaper and. Cheaper that's,
right that's.
Speaker 1 (24:25):
Right so the farmers no longer they lost their, farms
and then banks started to go belly, up and stocks
tied to the bank's. Plummet the economy plummets run on
the banks by the top, depositors and The fed couldn't
put more money into the, economy meaning the pockets Of
american consumers because it was tied to the gold. Standard
(24:47):
so what was the. Answer The Smoot holly tariff of nineteen.
Thirty this is where tariffs get their bad. Name The
Smoot Holly tariff of nineteen thirty raised tearf back up
to fifty, percent which triggered retaliatory, tariffs which affected. Us,
why because we were now in an international, economy retaliatory
(25:11):
tariffs hurt and it triggered the global, depression The Great.
Speaker 2 (25:15):
DEPRESSION i think that there's a lot of debate about
what triggered the Global.
Speaker 1 (25:19):
It was a contributing, factor but there's all. Kinds you,
know there's a theory out there that The russians are
during the revolution who had the gold backing The russian
economy all put into train, cars melted, down made of,
gold painted, black put on, wheels put on, tracks and
(25:40):
shipped out Of, russia and most of it made its
way to The United, states and that money entered the,
economy and that's what also caused a big, boom those,
BILLIONS i, mean The russian economy basically. Hit there's that
theory as. Well fun there's a movie out there about.
That all kinds of things. Happened what cured this was
(26:01):
War World war. Two FDR's New deal helped a little.
Bit it was a band.
Speaker 2 (26:07):
Aid it extended what would have been a recession into a.
Speaker 1 (26:10):
Depression But Smoot holly got a bad name because they
were trying to clean up the globalist mess that it existed.
Beforehand and by the way THE fed was, created we
were told to prevent this exact.
Speaker 2 (26:24):
Thing and what have we had since THE? Fed that's.
Speaker 1 (26:27):
Right, so And i'm not going to Say i'm not a.
Point i'm not Ran paul Where i'm saying abolish THE.
Fed but we certainly need The american people need to
understand more about how this stuff. Works World war two
put Every american to work full. Employment when you have
in full, employment what happens, women, minorities teach, teenagers they're
(26:49):
getting a. Paycheck what do they like to do with their?
Paycheck they like to spend, it and they spend on.
Things now at the, time that was three hundred thousand,
aircraft eighty eight thousand, tanks six five hundred. Chips But
american steal And american auto Saved america's, ours actually saved
the world's ours.
Speaker 2 (27:09):
Well and also being the only major producer that left.
Unbombed why because of the oceans between?
Speaker 1 (27:18):
Us have the oceans gone? Anywhere they have?
Speaker 2 (27:20):
Nods, right, so but they didn't have missiles that could
reach us place we.
Speaker 1 (27:24):
Don't we have tech to take we can protect us
a lot. More then we're in much better shape militarily
defensively than the neo cons and the warhawks want to
make it out to.
Speaker 2 (27:35):
Be that's.
Speaker 1 (27:36):
True and government contracts skyrocketed After World war two defense.
Contracts how did we pay For World War? Two, well
we borrowed from The american. Public why we had a
coalition Of americans Becoming, americans, individuals, families, businesses, schools, communities,
(27:57):
Banks they all bought war, bonds all bought war. Bonds
so if there's a specific need to raise a lot
of money, fast you can do things like this war.
Bonds if you want to go to, war pitch it
to the, people tell us how we're going to pay for,
(28:17):
it and then let's. Go that's not happened Since World war.
Two so coming out Of World war, Two europe has
broke or occupied.
Speaker 2 (28:32):
And i'm.
Speaker 1 (28:33):
Sorry by the time we came out Of World war
two and these countries started to repay The american banks
that lent them the, money and The american, people we
held seventy percent of the world's goal. Preserves THE us
dollar became the world's currency for, trade and there's a
big problem with, that which is what we're going to talk.
Speaker 2 (28:53):
About after the break.
Speaker 1 (28:57):
Final segment we are. Talking we're going to wrap up
this tariff.
Speaker 2 (29:01):
Talk it's been a terrific.
Speaker 1 (29:03):
Show and if you're just joining, us go To we're On,
Spotify Ron, Apple iTunes. Podcast you can just type in
for The Defense Brad coffel KO F F E. L
and it's very important to understand the history of how
The United states government makes. Money first half of our,
(29:24):
life our country's, life it was, tariffs exercise, taxes and land.
Speaker 2 (29:30):
Sales somehow we survived.
Speaker 1 (29:32):
It we did great second half and we stayed out of.
Wars second half we drop, tariffs we go to. Wars
durin the treasury, tax the people, borrow, borrow, borrow.
Speaker 2 (29:48):
The heart letting becomes the rust. Belt, now.
Speaker 1 (29:52):
When we get in After World war, two free markets were.
Encouraged and this is where you get into your Own ran.
Objectivism Alan greenspan was a huge fan Of Iron. RAN
i think they were, friends and so it was free market.
Speaker 2 (30:12):
Capitalism Milton, Friedman thomas Ol.
Speaker 1 (30:15):
Yep free Market, okay free. Markets, well what do we
do when we have to deal with the spread of.
Communism we have to fight. It so we got to
get our, boys get our young, women young, men get
them on, ships get them in, jeeps get them in,
planes and go fight communism wherever it. Is back, home
(30:40):
we have the rise of we have the civil rights,
movement the racial. TENSION lbj would like to it was
convenient FOR lbj That Jack kennedy was killed in his
home state and he just happened to have an extra
suit that. Day he called, back this has check me on,
(31:01):
this BUT i just finished a book on The dallas,
brothers and, WELL i won't go into THE jfk, stuff
but quite convenient FOR lbj, that and he becomes, president
wants to run for, reelection needs The southern, needs the
minority vote all for The Civil Rights, act and the Great.
(31:23):
Society so now we hemorrhage money In vietnam And Lyles cambodia,
militarily we hemorrhage money as we inject socialism into our
form of.
Speaker 2 (31:38):
Government oh great, society as he called.
Speaker 1 (31:41):
It AND i had conversations last night with some long
term dear friends of mine a few years, older and
you know they were around for, that AND i don't
know enough about what was happening back. Then but you,
know The Great society you could blame for fracturing households
(32:03):
Of Black america and not White. America but be that
as it. May we hemorrhage money In, asia we hemorrhage
money here in THE us with The Great, society tariffs
were already down to just two percent of federal revenue two.
Percent the first half of The United States epic, boom
(32:24):
it was fifty sixty seventy percent of federal. Revenue we
open The chinese market to global. Trade We nixon takes
this off the gold, standard and so that The, persians
The arab, world they're, like hold, on we're selling you
all Are we're selling you barrels of barrels of, oil
and you're giving us this pieces of paper actually cotton and.
(32:48):
Linen and now you're telling us that these are not
as good as. Gold oh you're telling us they are
as good as, gold but not, Really and so they're,
like screw. You. Embargo there are other reasons for, that but,
embargo oil prices take. Off we keep interest rates load
to try to fuel the money. Supply inflation skyrockets because
(33:08):
that's what happened when you print, money inflation, skyrockets the dollar,
plunges gold soares because that's where you go in times of,
turbulence and to try to get things leveled, up income
taxes get jacked. Up income taxes replaced tariffs as the
number one funder of The United States. Treasury and then
(33:29):
we start to find other things to, tax like the
payroll to fund social. Security so here, here now we
are At, reagan anti tariff free, Trader Ronald, reagan low.
Taxes he couldn't handle the no tariffs. Anymore he heard
From Harley davidson and put one hundred percent tariffs On japanese.
(33:50):
Motorcycles he heard from the steel industry and he put
fifty percent tariffs On chinese steel, dumping slashed income tax
and corporate, taxes and what.
Speaker 2 (34:04):
Happened butonanza of revenue came into the federal.
Speaker 1 (34:08):
Government, yeah, Right so the lesson the. Lesson And i'm
is this an Over is this a? Simplification it? Is
is it an? OVERSIMPLIFICATION i don't think. So but as
long as you have other countries putting barriers up to our,
goods then it's not a free. Market as long as
(34:31):
you have other countries that have non tariff barriers and
additional things like currency, manipulation subsidizing their, industries putting up
ridiculous climate regulations that make it too expensive to get
forward Into.
Speaker 2 (34:49):
Germany australia saying that our beef is.
Speaker 1 (34:52):
Poisonous, yeah as long as you have protective tariffs in
other countries and you have protective non tariffs in other,
countries there is no free. Trade and at this point in,
time we need to tariff, Back we need to. Reciprocate
we need to reinvest in Our american, economy AND i
(35:16):
think we're going to need. To we have to have
what history shows. Us reduce income, taxes reduce capital corporate income,
taxes reduce capital gains, taxes stop spending money on ridiculous wars.
Speaker 2 (35:31):
And ridiculous programs to fund.
Speaker 1 (35:33):
Leftists, yes so slash your, spending reduce income, taxes reduce corporate,
taxes reduce capital gains, taxes increase your, tariffs.
Speaker 2 (35:46):
Cut, fraud waste and, abuse cut, froze.
Speaker 1 (35:50):
And then you know, what if nothing else out of national,
security make sure that our are our uh most important
goods are made. Here SO i don't know who's against.
Speaker 2 (36:07):
This anybody Against.
Speaker 1 (36:10):
Trump, YEAH i think that the men and women who
know better are not coming that are not coming out Against.
Trump they're staying silent because they kind of know this
is the way it. Is and the people that are
Against trump And Peter navarro And Scott, Besson John, bannon,
(36:32):
Yes Steve, bannon the people that are against them are
either simply parroting what they're hearing FROM cnbc AND, Cnn
and by the, Way i'm catching a little MORE cnn.
Clips it does appear as though they're trying to be
a little more, balanced but they're They're they're banned for
me for a long especially Under.
Speaker 2 (36:53):
They're all pretending to not know that they not know
That biden had been in.
Speaker 1 (36:58):
Decline go and look at how did we fund our
government and what were we doing militarily when we were
at our. Best and then you're gonna have to understand
the interplay of how interest rates, work how THE fed,
works and non tariff trade. Barriers all these things eventually
(37:24):
harm The american. Economy that giant sucking sound.
Speaker 2 (37:27):
That Ross perot talked, about WHO.
Speaker 1 (37:29):
I voted for twice in ninety two and ninety, Six
why because of THIS i left The Republican party in
six because of the endless foreign wars that were promised
to Us Ross. Perot If Ross perot was around today
and in his, prime he would be either The democrat
Or republican, candidate because they've pretty much sure become a,
(37:52):
uniparty and, he hands Down Ross pereou would be the
most popular guide in The United. States. Anyway thanks for,
Listening share the, show talk to your kids about, this
make sure they understand how this stuff, works and Make
america great, again healthy, again and bring back common sense
A lot of tariff talk, general, lot of tariff confusion,
tariff hysteria. Then you would think general that the.
Speaker 2 (00:13):
Good to see it. It is crazy. Yeah, I'm sorry.
Speaker 1 (00:15):
I'm so excited about the tariffs and how Donald Trump
is using them. He didn't go back just to his
first term and how he used tariffs. He's going back
to the eighteen hundreds. He's going back to the early
eighteen hundreds. And we want to do Todays show. We
got to go back in history.
Speaker 2 (00:33):
Here we go.
Speaker 1 (00:34):
Don't don't lose us, don't change the dial, don't go
to FM, don't go over to someone else's podcast. We
promise you this will be entertaining. It's stuff you need
to know why. Because the state sponsored media, the investor class,
the globalist the news outlets, the anti trumpers, the never.
Speaker 2 (00:59):
Trumpers, the TDS sufferers.
Speaker 1 (01:01):
The people that lied to you about everything over the
last eight to ten years.
Speaker 2 (01:06):
After the last age ten decades.
Speaker 1 (01:08):
Are telling thank you, are telling you that tariffs are
evil and that they're going to jack up prices. It's
not that simple, and so we want to put some
more historical context. Donder this, and I haven't heard at
least on the easy to reach places to get some
historical context and specifically general I had to do some
(01:32):
a little light on the tariff topic.
Speaker 2 (01:34):
Mind you.
Speaker 1 (01:35):
I'm big on thank you, I'm big on revolutions. I
love PSI. I love thinking about the conspiracies and the
psyops and everything that we've done.
Speaker 2 (01:47):
In Korean boy bands since since World War Two.
Speaker 1 (01:52):
But we have to go back in time to understand
how tariffs work and don't work. But first, general, did
you know that? But let me ask you this, how
did the United States government fund itself from day one
up until basically World War one world War two?
Speaker 2 (02:14):
That would be taxes on imports and exports, which are
known as tariffs.
Speaker 1 (02:19):
Yes, I mean there were periods of time that are tariffs.
The way we had to we have taxes, you know,
the federal government needs to tax has taxed somebody. The
Constitution says no direct taxes on the people. So you
could have excise taxes. You could tax tobacco, you could
tax liquor if.
Speaker 2 (02:41):
It was going out on something to some other country.
Speaker 1 (02:44):
Also, well there were taxes here internally. You could have
excise to excise taxes. Yeah.
Speaker 2 (02:49):
Sure, But the.
Speaker 1 (02:50):
Federal government, the federal government did what Donald Trump's doing,
which is we're not going to tax our people anymore.
We're going to because in the beginning we couldn't. We're
going to tax other countries that want to sell their
goods to our people.
Speaker 2 (03:07):
Now keep in mind though that you know, whenever you
raise prices for consumers, that is a form of a tax,
and people pay taxes no matter how you slice it
one way or the other.
Speaker 1 (03:18):
It's a balance. And Reagan knew this. He balanced this.
But you know, before we get our I don't want
to jump forward one hundred and fifty years like this.
But first you have to understand how this all happened.
So then the first Industrial Revolution in England and Britain,
you had textiles made with cotton and wool. Now listen,
this is important. Demand surged because England colonial markets American
(03:43):
India had more access to cotton and wool and also
access to more consumers. So the markets for both cotton
and wool expanded and the market for buyers expanded. Hand
spinning could keep up. It became a mechanized industry at
(04:03):
factories in England. Eli Whitney's cotton Gin boosted raw cotton
supply from the US South. That's what made the South
a big economic force. And then the steam engine used
abundant coal as a fuel. We ditched wood, we went
to coal. Why not didn't hear the people talking about,
(04:27):
you know, we needed to stay on wood. We're going
to go to coal. And then that engine, that steam
engine was put on rails, trained tracks and onto ships.
And that coal they had something called they found coke,
coke for smelting, and it made iron cheaper and stronger.
And what did you do with iron? You made bridges
(04:51):
for commerce and rails for roadway locomotives. Why why England?
Because England had both coal and iron iron ore on
the island, and it had free labor slaves. So a
lot of profits went right into the hands of the industrialist.
(05:11):
And then from there they took their money and they
went out and became imperialist. They took their money and
they went out they.
Speaker 2 (05:20):
Said, we like this.
Speaker 1 (05:21):
We can go get even cheaper raw goods in the
United and the colonies of India and America and other places.
And we have free labor, and now we have this technology,
and boom. Britain became great Britain. Well, not so fast America.
(05:42):
We fought for our independents. Britain was our trading partner,
and the first thing we did, our very first Act
of Congress was a terrrif act. Very first Act of Congress,
signed by George Washington, was to impose tariffs. We were
going to tax the imports coming from Great Britain and
(06:04):
France and Spain so that we could fund our government.
And that's the way it was for one hundred and
plus fifty years. We protected our merging American shipbuilding industry,
so we carved out some exceptions to protect those because
we needed help with that, but we were not going
to be a colony to be exploited. Tariff revenue was
(06:24):
a success. We paid off our revolutionary word debt. We
had enough money actually to beat the British again in
eighteen twelve. Eventually, yes, we funded that through federal revenue,
primarily tariffs, and economic nationalism was born. The trade off
(06:45):
to tariffs general wasn't the stock market crashing. The trade
off was smuggling. Smuggling was the problem. That was the
biggest problem with tariffs today it's the stock market whatever.
But we had we taxed imported goods. Internally, we got
(07:05):
a little greedy federal government said hey, let's tax whiskey.
They didn't go so well, did it. No whiskey tax
rebellion and informed us that internal taxes on the people
and our whiskey was not to be tolerated. So it's
politically unpopular. Taxes on the people were politically unpopular. Taxes
(07:26):
on other countries politically popular and financially sound. Now we
had another great revenue source land. That's true as we
continue to go west, Thanks Lewis and Clark Thomas Jefferson,
land sales became the number two revenue generator for the
federal government, and this money was used to fund the
(07:50):
stronger military that we eventually had. And number three, we
stayed out of wars for a century. We stayed out
over a century in the eighteen hundreds, so our treasury
was flush with cash. By eighteen thirty. We had a robust,
(08:11):
tariff driven system. We had frugal spending. Why who was
the man in the White House in eighteen thirty, that's right,
Andrew Jackson.
Speaker 2 (08:20):
Yes, that's right.
Speaker 1 (08:21):
He was the first populist. He was a limited government guide.
He was a return to Jeffersonian democracy, frugal spending. The
America's first conservative president. We had a budget surplus, no
federal debt for the first time ever. But then Andrew Jackson,
we need to keep making money, so we need to
keep selling more of this land. But he's hearing that
(08:43):
there are some people out west that don't want to
sell their land. So he signed what's unfortunately the Indian
Removal Act. And as a result of those additional land
sales from the dn Removal Act, we made even more
money for the federal government. Still had no internal taxes.
We had the Gold Rush, then we hit the Civil War,
(09:05):
the introduction of the first income tax that was later
declared unconstitutional, and then we get into the American Industrial Revolution,
and this is where things get a little more interesting
and very relevant to today. Stick around, catch up with
some history in the tariff world. I'm Brad Kaffel. That's
(09:25):
the General. This is for the Defense of the American People.
On six' TEN wtd In welcome back to for The
defense of The American people With Attorney Brad. Kaffel monday Through,
friday you can catch The general AND i if you
have a legal need of a quick shameless promotion for
(09:46):
Our monday Through friday day, jobs, lomules if the government
Has if a government agent shows up wants to talk to,
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to one of your. Kids maybe they want to go
into your cell. PHONES i think computers will see what
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(10:08):
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eight eight four eleven hundred sixty one four eight eight
four eleven. Hundred also you can always email. ME i
know this is a controversial. TOPIC i get, EMAIL i
get handwritten notes and. LETTERS i respond. Everything, EVENTUALLY i respond.
(10:28):
Everything but tariffs are A tariffs have been a controversial
topic In.
Speaker 2 (10:36):
America it's one of the few one hundred years PLUS
i think it's one of the few places where people
can have differing people of goodwill can have an honest
debate about.
Speaker 1 (10:45):
This yas, yeah and tariffs ARE i refer to myself
as as an aspiring, libertarian as a want to be
a libertarian because this is one of the parts WHERE
i do believe we need government intervention to Protect american,
indus to Protect american.
Speaker 2 (11:01):
JOBS i would disagree with, that but go, ahead all.
Speaker 1 (11:04):
Right so as long as we're dealing with foreign competition
that is not going to play, fairly that they're going
to play by the same rules, THERE i. Agree that
is WHY i believe our government needs to protect our
industries like, steel. Auto we can go on and.
Speaker 2 (11:24):
ON i would phrase it a little bit. Differently we
need to protect free, trade not protect our. Industries our
industries can protect themselves if we have free. Trade how will?
Speaker 1 (11:35):
You, ever it's the non tariff barriers that are the
next chapter of this.
Speaker 2 (11:39):
Conversation, yes everyweens.
Speaker 1 (11:42):
Understanding we can talk about tariffs in today's second part
of our tariff. Show last show Is Trump's Terrific. Tariffs
this show is The return of The American. Colonies and
the first segment we just talked about how The United
states very first law ever passed major piece of legislation
On july, fourth seventeen eighty. Nine they exercise The congress
(12:06):
exercised its. Discretion out of all the things they could,
do was to put on a tariff on. Imports why
because The Industrial revolution was just kicking off In england
and they were the beginning of globalism as their colonial empire.
Expanded so The american we did two main things from
(12:33):
seventeen eighty nine TO i would Say World war. One
number one is we had tariffs to protect our baby
industries such as, steel, iron, steel cotton, farming. Wheat we
(12:56):
needed some protection from them because The british could flood
our economy with cheap goods that they basically stole from
other countries through their imperialist. Ways, Right so you're raising,
HERE i, Wrote but anyway they could flood. There they
could flood our market because they had slave. Labor we did,
(13:20):
too but they had slave, labor but they also had
the ability to go to other markets other countries in the.
Speaker 2 (13:26):
World i'm not sure The british had.
Speaker 1 (13:28):
Slaves they they did until they. Didn't but there was
slave labor in the very in the First Industrial, revolution
in the lowlands Of, england where the textile industries moved
a lot of goods into the stream of, commerce there
(13:49):
was slave.
Speaker 2 (13:49):
Labor that was it.
Speaker 1 (13:50):
Was if it wasn't, total if it wasn't per se slave.
Labor it was you had no exploit of, labor much
like what you have In china right. Now and so
the very first thing that Our congress did was to
put up protective tariffs around The american, farmers The american textile,
industry the, shipbuilding and then as, steel, rail steam engine
(14:19):
ships all started to connect the, markets bringing new suppliers
to new. Buyers then you started to see the seesaw.
Speaker 2 (14:29):
Going back and.
Speaker 1 (14:30):
Forth but we used tariffs to make sure that we were,
independent that we could take we were self. Reliant the
second thing we did was we stayed out of The
european wars of the eighteen.
Speaker 2 (14:43):
Hundreds very, helpful very.
Speaker 1 (14:45):
Helpful and if you want to drain your, treasury go to,
war go to, war Right, so which has been the
name of the game for The United states essentially since
nineteen forty. One so when when The Industrial revolution really
kicked in here in THE, us we had expanded. Supply
(15:10):
so we have the supply of goods was expanding because
of The Industrial. Revolution we can make a lot more.
Things prices dropped.
Speaker 2 (15:20):
As production cost.
Speaker 1 (15:21):
Dropped as production cost, dropped but you had in order
to buy you had to have gold or gold back. Currency,
well banks had these. Rules the federal government had rules that,
currency all banknotes had to be backed by. Gold and
then we had fractional reserve banking that allowed the banks
(15:42):
to lend, out say ten dollars for every one dollar
they had in reserve and. Gold but we still couldn't
our economy still couldn't keep. Up we still had we
couldn't print more money into The american economy due to
these gold reserve requirements and, there and you, know prices,
fell profits. Fell american farmers, like, okay look we want
(16:03):
to sell To european markets Like france And, germany but
they had protective. Tariffs and out west they're, like we're finding.
Silver let us use. Silver will increase our money supply
by putting silver.
Speaker 2 (16:14):
In it's a precious metal, too it's the precious.
Speaker 1 (16:17):
Metal so you had this this and we've talked about,
this and now it's all kind of coming. Together you
want to expand the. Economy they want. Silver, well back,
east The eastern bankers they had the. Gold they wanted.
Gold they want a monopoly on. Gold eventually they got
the monopoly on gold with the federal, reserve but the
silver lost out and because of the demand for, silver
(16:43):
basically being we're not going to be you're not going
to be using. It people, thought reasonably and, rationally, well
there's not enough gold in. Them they're banks behind these
here paper. Notes so they start to run to their local,
bank their local savings and. Loan and yet bank. Failures
and once the banks start to push, daisies then where they.
(17:04):
Invested who relied on the banks were the. Railroads they
start to push daisies and we had the first Big
american depression called The panic of eighteen ninety, three one
of the worst in history to this. Day and what
(17:25):
did we. Do we passed A Tariff act of eighteen ninety.
Seven we put fifty percent tariffs on, imports and tariffs
went back up to basically being fifty percent of federal.
Revenue why because we favored domestic production and we needed
we needed to help stabilize our. Economy everything was hunky
(17:49):
dory until the unusual ascent to the presidency of One Woodrow.
Wilson these progressives really screwed us. Up slash tear. Tfs
why Globalism who was behind The wilson presidency is a
lot we could talk about. That tell you who really
liked slashing tariffs were The. Europeans, yes, indeed The european
(18:10):
bankers love Slashing america's.
Speaker 2 (18:12):
Tariffs america's, cheffs not their. Own that's.
Speaker 1 (18:14):
Right So Woodrow wilson gets into the presidency in nineteen
twelve and they slash. Tariffs federal revenue. Drops we increase
taxes on goods like liquor and. Tobacco american people don't
like being. Taxed we started to tax, corporations hadn't done that.
(18:36):
Before and then we start talking about an income tax
amendment in nineteen, thirteen.
Speaker 2 (18:43):
Just a little tiny and temporarily we're going to tax the.
Speaker 1 (18:47):
Peoples put into The constitution general no direct taxes because
for a thousand years before The American, revolution the number
one cause of, rebellions volts and revolutions where the, peasants
serfs and others saying you're taxing us too. Much taxes
(19:09):
are no. Bueno tariffs are. Bueno all, right we are
back for the defense of The american. People we have
to you have to understand, tariffs and you have to
understand why there's this outrage about tariffs right. Now and
it's not because of the stock market and it's not
(19:30):
because of they're they're. Bad they're. Horrible they're going to
drive up, prices the the outrages because they don't want
The republicans to win in twenty twenty, six.
Speaker 2 (19:43):
And they And Orange man bad. There they know.
Speaker 1 (19:46):
That it's going to take some time to, reindustrialize re
sure bring paychecks back to The United, states and it
might take more than twenty four. Months it might take
long than. That it's going to take this long to
reverse this. Ship but before we get into, that got
(20:07):
to understand. Tariffs tariffs funded the federal government up from
the day one up Until World War, one along with excise,
taxes sales, taxes and land. Sales as we went, west
we had a hiccup in the eighteen nineties there was
a bank run that caused economic. Collapse the reason there
(20:29):
was a bank run primarily is because out west they
wanted to use silver for their, exchange their current for their.
Currency the guys out east said, no and we had
the abolishment of silver as a form of. Currency it
was only going to be gold. Now so the, people
(20:51):
the people primarily west of The, mississippi were holding onto
these certificates based banknotes that were supposed to be backed by,
gold and there was a concern that there wasn't enough
gold in them our banks to convert these here dollars into,
gold that these basically these are pieces of paper. Worthless
(21:12):
so you had a bank, run which caused all kinds of.
Problems you never want bank. Runs so The Federal reserve
was created nineteen thirteen to prevent these bank runs, ostensibly
but When Woodrow wilson came To When Woodrow wilson ascended
to the, presidency not only did we did the progressives,
(21:33):
GLOBALISTS i don't know who they were beholden, to but
they weren't beholden to The american. People they, said you,
know we're going to lower these, tariffs maybe even eliminate
these tariffs that Benefitted. Europe we're going to tax The american.
People we now hold on that's. Unconstitutional oh, no, sorry
nineteenth we passed the Sixteenth. Amendment did you not catch
(21:55):
that in The New York Daily. News we can now
tax your, income but we promise it's just going to
be on the super. Rich it's just going to be
short term and, yep and we're going to tax corporations
they have too much money, anyway and, no we're not
going to. Ward we're not going to The European. War
he campaigned on that in nineteen, Sixteen we're not going to.
(22:17):
War and By april of nineteen, seventeen we have dough
boys and the trenches.
Speaker 2 (22:24):
In with both. Feeds so now.
Speaker 1 (22:26):
The eastern bankers have. Created they finally got their, bank
they got the central, bank and gold is the only
currency that you could that was backing the. Banknotes this
central bank to this day private mysterious controls the, economy
(22:49):
has a monopoly on the money. Supply and coming out
Of World War, one Those european nations repaid their war
loans To american banker in.
Speaker 2 (23:00):
Gold that pushed up the gold, reserves.
Speaker 1 (23:03):
Allowing us to print even more. Money what, Happened, well
you have a ton of money in the, system and
The roaring, twenties at easy, credit you could buy a.
Stock it got so the easy, money the lords of
easy money made it so. Easy, general did you know
that you could buy stock with just ten percent? Down
(23:28):
you didn't have to just like a, house you're buying
on the, margin buying on the. Margin so the introduced
debt to The american. Consumer The american working class to
participate in this economic boom of The roaring. Twenties, well
farmers out west never fully recovered because now we opened
(23:49):
up The american economy to these lower, tariffs it drowned
out The american. Farmers weat cotton, Corn they got crushed
and it got to the point where the farmers were
only paying interest on their farmlands until they couldn't and
they lost the. Farms and you can go back and
find out what happened to those agricultural. Prices they went
(24:13):
down because the market got flooded by foreign.
Speaker 2 (24:17):
Wheat, well and then also remember, this as technology goes,
forward you get more and more, production cheaper and. Cheaper that's,
right that's.
Speaker 1 (24:25):
Right so the farmers no longer they lost their, farms
and then banks started to go belly, up and stocks
tied to the bank's. Plummet the economy plummets run on
the banks by the top, depositors and The fed couldn't
put more money into the, economy meaning the pockets Of
american consumers because it was tied to the gold. Standard
(24:47):
so what was the. Answer The Smoot holly tariff of nineteen.
Thirty this is where tariffs get their bad. Name The
Smoot Holly tariff of nineteen thirty raised tearf back up
to fifty, percent which triggered retaliatory, tariffs which affected. Us,
why because we were now in an international, economy retaliatory
(25:11):
tariffs hurt and it triggered the global, depression The Great.
Speaker 2 (25:15):
DEPRESSION i think that there's a lot of debate about
what triggered the Global.
Speaker 1 (25:19):
It was a contributing, factor but there's all. Kinds you,
know there's a theory out there that The russians are
during the revolution who had the gold backing The russian
economy all put into train, cars melted, down made of,
gold painted, black put on, wheels put on, tracks and
(25:40):
shipped out Of, russia and most of it made its
way to The United, states and that money entered the,
economy and that's what also caused a big, boom those,
BILLIONS i, mean The russian economy basically. Hit there's that
theory as. Well fun there's a movie out there about.
That all kinds of things. Happened what cured this was
(26:01):
War World war. Two FDR's New deal helped a little.
Bit it was a band.
Speaker 2 (26:07):
Aid it extended what would have been a recession into a.
Speaker 1 (26:10):
Depression But Smoot holly got a bad name because they
were trying to clean up the globalist mess that it existed.
Beforehand and by the way THE fed was, created we
were told to prevent this exact.
Speaker 2 (26:24):
Thing and what have we had since THE? Fed that's.
Speaker 1 (26:27):
Right, so And i'm not going to Say i'm not a.
Point i'm not Ran paul Where i'm saying abolish THE.
Fed but we certainly need The american people need to
understand more about how this stuff. Works World war two
put Every american to work full. Employment when you have
in full, employment what happens, women, minorities teach, teenagers they're
(26:49):
getting a. Paycheck what do they like to do with their?
Paycheck they like to spend, it and they spend on.
Things now at the, time that was three hundred thousand,
aircraft eighty eight thousand, tanks six five hundred. Chips But
american steal And american auto Saved america's, ours actually saved
the world's ours.
Speaker 2 (27:09):
Well and also being the only major producer that left.
Unbombed why because of the oceans between?
Speaker 1 (27:18):
Us have the oceans gone? Anywhere they have?
Speaker 2 (27:20):
Nods, right, so but they didn't have missiles that could
reach us place we.
Speaker 1 (27:24):
Don't we have tech to take we can protect us
a lot. More then we're in much better shape militarily
defensively than the neo cons and the warhawks want to
make it out to.
Speaker 2 (27:35):
Be that's.
Speaker 1 (27:36):
True and government contracts skyrocketed After World war two defense.
Contracts how did we pay For World War? Two, well
we borrowed from The american. Public why we had a
coalition Of americans Becoming, americans, individuals, families, businesses, schools, communities,
(27:57):
Banks they all bought war, bonds all bought war. Bonds
so if there's a specific need to raise a lot
of money, fast you can do things like this war.
Bonds if you want to go to, war pitch it
to the, people tell us how we're going to pay for,
(28:17):
it and then let's. Go that's not happened Since World war.
Two so coming out Of World war, Two europe has
broke or occupied.
Speaker 2 (28:32):
And i'm.
Speaker 1 (28:33):
Sorry by the time we came out Of World war
two and these countries started to repay The american banks
that lent them the, money and The american, people we
held seventy percent of the world's goal. Preserves THE us
dollar became the world's currency for, trade and there's a
big problem with, that which is what we're going to talk.
Speaker 2 (28:53):
About after the break.
Speaker 1 (28:57):
Final segment we are. Talking we're going to wrap up
this tariff.
Speaker 2 (29:01):
Talk it's been a terrific.
Speaker 1 (29:03):
Show and if you're just joining, us go To we're On,
Spotify Ron, Apple iTunes. Podcast you can just type in
for The Defense Brad coffel KO F F E. L
and it's very important to understand the history of how
The United states government makes. Money first half of our,
(29:24):
life our country's, life it was, tariffs exercise, taxes and land.
Speaker 2 (29:30):
Sales somehow we survived.
Speaker 1 (29:32):
It we did great second half and we stayed out of.
Wars second half we drop, tariffs we go to. Wars
durin the treasury, tax the people, borrow, borrow, borrow.
Speaker 2 (29:48):
The heart letting becomes the rust. Belt, now.
Speaker 1 (29:52):
When we get in After World war, two free markets were.
Encouraged and this is where you get into your Own ran.
Objectivism Alan greenspan was a huge fan Of Iron. RAN
i think they were, friends and so it was free market.
Speaker 2 (30:12):
Capitalism Milton, Friedman thomas Ol.
Speaker 1 (30:15):
Yep free Market, okay free. Markets, well what do we
do when we have to deal with the spread of.
Communism we have to fight. It so we got to
get our, boys get our young, women young, men get
them on, ships get them in, jeeps get them in,
planes and go fight communism wherever it. Is back, home
(30:40):
we have the rise of we have the civil rights,
movement the racial. TENSION lbj would like to it was
convenient FOR lbj That Jack kennedy was killed in his
home state and he just happened to have an extra
suit that. Day he called, back this has check me on,
(31:01):
this BUT i just finished a book on The dallas,
brothers and, WELL i won't go into THE jfk, stuff
but quite convenient FOR lbj, that and he becomes, president
wants to run for, reelection needs The southern, needs the
minority vote all for The Civil Rights, act and the Great.
(31:23):
Society so now we hemorrhage money In vietnam And Lyles cambodia,
militarily we hemorrhage money as we inject socialism into our
form of.
Speaker 2 (31:38):
Government oh great, society as he called.
Speaker 1 (31:41):
It AND i had conversations last night with some long
term dear friends of mine a few years, older and
you know they were around for, that AND i don't
know enough about what was happening back. Then but you,
know The Great society you could blame for fracturing households
(32:03):
Of Black america and not White. America but be that
as it. May we hemorrhage money In, asia we hemorrhage
money here in THE us with The Great, society tariffs
were already down to just two percent of federal revenue two.
Percent the first half of The United States epic, boom
(32:24):
it was fifty sixty seventy percent of federal. Revenue we
open The chinese market to global. Trade We nixon takes
this off the gold, standard and so that The, persians
The arab, world they're, like hold, on we're selling you
all Are we're selling you barrels of barrels of, oil
and you're giving us this pieces of paper actually cotton and.
(32:48):
Linen and now you're telling us that these are not
as good as. Gold oh you're telling us they are
as good as, gold but not, Really and so they're,
like screw. You. Embargo there are other reasons for, that but,
embargo oil prices take. Off we keep interest rates load
to try to fuel the money. Supply inflation skyrockets because
(33:08):
that's what happened when you print, money inflation, skyrockets the dollar,
plunges gold soares because that's where you go in times of,
turbulence and to try to get things leveled, up income
taxes get jacked. Up income taxes replaced tariffs as the
number one funder of The United States. Treasury and then
(33:29):
we start to find other things to, tax like the
payroll to fund social. Security so here, here now we
are At, reagan anti tariff free, Trader Ronald, reagan low.
Taxes he couldn't handle the no tariffs. Anymore he heard
From Harley davidson and put one hundred percent tariffs On japanese.
(33:50):
Motorcycles he heard from the steel industry and he put
fifty percent tariffs On chinese steel, dumping slashed income tax
and corporate, taxes and what.
Speaker 2 (34:04):
Happened butonanza of revenue came into the federal.
Speaker 1 (34:08):
Government, yeah, Right so the lesson the. Lesson And i'm
is this an Over is this a? Simplification it? Is
is it an? OVERSIMPLIFICATION i don't think. So but as
long as you have other countries putting barriers up to our,
goods then it's not a free. Market as long as
(34:31):
you have other countries that have non tariff barriers and
additional things like currency, manipulation subsidizing their, industries putting up
ridiculous climate regulations that make it too expensive to get
forward Into.
Speaker 2 (34:49):
Germany australia saying that our beef is.
Speaker 1 (34:52):
Poisonous, yeah as long as you have protective tariffs in
other countries and you have protective non tariffs in other,
countries there is no free. Trade and at this point in,
time we need to tariff, Back we need to. Reciprocate
we need to reinvest in Our american, economy AND i
(35:16):
think we're going to need. To we have to have
what history shows. Us reduce income, taxes reduce capital corporate income,
taxes reduce capital gains, taxes stop spending money on ridiculous wars.
Speaker 2 (35:31):
And ridiculous programs to fund.
Speaker 1 (35:33):
Leftists, yes so slash your, spending reduce income, taxes reduce corporate,
taxes reduce capital gains, taxes increase your, tariffs.
Speaker 2 (35:46):
Cut, fraud waste and, abuse cut, froze.
Speaker 1 (35:50):
And then you know, what if nothing else out of national,
security make sure that our are our uh most important
goods are made. Here SO i don't know who's against.
Speaker 2 (36:07):
This anybody Against.
Speaker 1 (36:10):
Trump, YEAH i think that the men and women who
know better are not coming that are not coming out Against.
Trump they're staying silent because they kind of know this
is the way it. Is and the people that are
Against trump And Peter navarro And Scott, Besson John, bannon,
(36:32):
Yes Steve, bannon the people that are against them are
either simply parroting what they're hearing FROM cnbc AND, Cnn
and by the, Way i'm catching a little MORE cnn.
Clips it does appear as though they're trying to be
a little more, balanced but they're They're they're banned for
me for a long especially Under.
Speaker 2 (36:53):
They're all pretending to not know that they not know
That biden had been in.
Speaker 1 (36:58):
Decline go and look at how did we fund our
government and what were we doing militarily when we were
at our. Best and then you're gonna have to understand
the interplay of how interest rates, work how THE fed,
works and non tariff trade. Barriers all these things eventually
(37:24):
harm The american. Economy that giant sucking sound.
Speaker 2 (37:27):
That Ross perot talked, about WHO.
Speaker 1 (37:29):
I voted for twice in ninety two and ninety, Six
why because of THIS i left The Republican party in
six because of the endless foreign wars that were promised
to Us Ross. Perot If Ross perot was around today
and in his, prime he would be either The democrat
Or republican, candidate because they've pretty much sure become a,
(37:52):
uniparty and, he hands Down Ross pereou would be the
most popular guide in The United. States. Anyway thanks for,
Listening share the, show talk to your kids about, this
make sure they understand how this stuff, works and Make
america great, again healthy, again and bring back common sense
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