WEBVTT 00:00:00.000 --> 00:00:02.779 You're listening to No PC Allowed, aka No Political 00:00:02.779 --> 00:00:05.820 Correctness Allowed, and I am Mac Iverson. We 00:00:05.820 --> 00:00:08.140 live in a time when the glaring non -controversial 00:00:08.140 --> 00:00:11.539 should not be controversial. But sadly, it is. 00:00:11.660 --> 00:00:14.419 We're talking about tariffs. It amazes me how 00:00:14.419 --> 00:00:16.539 otherwise intelligent, knowledgeable people could 00:00:16.539 --> 00:00:18.899 be so strangely and dishonestly, it seems, be 00:00:18.899 --> 00:00:21.600 against Trump's tariffs. The economics behind 00:00:21.600 --> 00:00:24.260 his tariffs is not rocket science, not even remotely 00:00:24.260 --> 00:00:27.199 so. Liptards hating them, I get. But why do so 00:00:27.199 --> 00:00:29.879 many rhinos and neocons rage against them? Here's 00:00:29.879 --> 00:00:33.299 the reason why. It's simply because no one over 00:00:33.299 --> 00:00:35.619 the past several decades in this country has 00:00:35.619 --> 00:00:38.100 spoken seriously of using tariffs to benefit 00:00:38.100 --> 00:00:41.359 all Americans, but particularly the forgotten 00:00:41.359 --> 00:00:44.719 man. The forgotten man is simply not on the radar 00:00:44.719 --> 00:00:47.320 screen of not only the deep state, but those 00:00:47.320 --> 00:00:51.539 sensitive Democrats who supposedly had the backs 00:00:51.539 --> 00:00:54.700 of the forgotten working man. You know, the ones 00:00:54.700 --> 00:00:56.759 who sweat for a living. The forgotten man has 00:00:56.759 --> 00:00:59.700 been, well, forgotten. Let's boil this down to 00:00:59.700 --> 00:01:02.000 the bare basics, so that when you hear all the 00:01:02.000 --> 00:01:04.180 clutching of their pearls ninnies out there crying 00:01:04.180 --> 00:01:07.299 about, oh, how perfectly horrible Trump's economy 00:01:07.299 --> 00:01:10.140 is, then you can pop the top on another beer 00:01:10.140 --> 00:01:12.280 and lie back in your hammock and not have to 00:01:12.280 --> 00:01:14.260 worry about what the nattering nabobs of negativity 00:01:14.260 --> 00:01:17.620 are all nitpicking and bitching about. The reason 00:01:17.620 --> 00:01:19.900 why simple tariffs seems like such a threatening 00:01:19.900 --> 00:01:21.879 concept is because no one in American politics 00:01:21.879 --> 00:01:25.379 has had any real brawn on this topic. Everything 00:01:25.379 --> 00:01:28.299 comes down to simple math and human nature. That 00:01:28.299 --> 00:01:29.799 the tariffs will work is a no -brainer because 00:01:29.799 --> 00:01:32.920 of our human nature. People and nations are largely 00:01:32.920 --> 00:01:35.280 motivated by the fear of missing out on something 00:01:35.280 --> 00:01:38.859 spectacular. A trade war will ruin all that excitement. 00:01:39.000 --> 00:01:41.780 And Trump knows this. But the enemies of the 00:01:41.780 --> 00:01:43.700 people or the billionaires in the World Economic 00:01:43.700 --> 00:01:46.180 Forum and the Council on Foreign Relations certainly 00:01:46.180 --> 00:01:48.219 do not want tariffs because that makes the middle 00:01:48.219 --> 00:01:51.439 class strong, which weakens their anti -middle 00:01:51.439 --> 00:01:53.519 class, anti -American trillion dollar investments. 00:01:54.300 --> 00:01:56.799 Trump's plan is for a reconciliation of massive 00:01:56.799 --> 00:01:59.140 funds to help pay for massive tax cuts possibly 00:01:59.140 --> 00:02:01.200 as early as next year. This will be achieved 00:02:01.200 --> 00:02:03.780 by shifting the tax burden to foreigners. Among 00:02:03.780 --> 00:02:06.260 many other services, our Navy protects the world's 00:02:06.260 --> 00:02:08.280 shipping lanes. We should have help internationally 00:02:08.280 --> 00:02:10.680 to pay for that. But there is resistance to all 00:02:10.680 --> 00:02:12.879 this reform. This is the division of Wall Street 00:02:12.879 --> 00:02:14.919 versus Main Street. Government spending leads 00:02:14.919 --> 00:02:16.800 to inflation. That affects regular Americans 00:02:16.800 --> 00:02:18.919 across the board. But when inflation increases, 00:02:19.219 --> 00:02:22.060 stocks inflate too. That's why Wall Street doesn't 00:02:22.060 --> 00:02:24.080 mind inflation at all. They even welcome it. 00:02:24.360 --> 00:02:26.759 To help erase this deadly division, Trump is 00:02:26.759 --> 00:02:29.020 insisting that China must decouple from its sick 00:02:29.020 --> 00:02:31.159 and twisted relationship with America. This is 00:02:31.159 --> 00:02:33.460 Trump's ultimate goal, to unite the entire world 00:02:33.460 --> 00:02:36.740 against the CCP. China is the most imbalanced 00:02:36.740 --> 00:02:39.159 economy in the world. They have massive wealth, 00:02:39.219 --> 00:02:41.219 but far greater numbers are living in abject 00:02:41.219 --> 00:02:44.840 poverty. China is the surplus country. They export 00:02:44.840 --> 00:02:46.780 five times more than the United States exports 00:02:46.780 --> 00:02:49.719 to China. What does this mean for the USA? It 00:02:49.719 --> 00:02:51.919 means China... will suffer far more than the 00:02:51.919 --> 00:02:54.780 USA with these new tariffs, thus creating huge 00:02:54.780 --> 00:02:58.319 leverage for a great American comeback. The modern 00:02:58.319 --> 00:03:00.960 -day money changers do not ever want to lose 00:03:00.960 --> 00:03:03.259 their money. So why would they allow a trade 00:03:03.259 --> 00:03:06.120 war to happen? I admit many of the uber -wealthy 00:03:06.120 --> 00:03:08.419 are truly insane. Look at the George and Alex 00:03:08.419 --> 00:03:10.939 Soros mob and their proxies. But I really don't 00:03:10.939 --> 00:03:12.840 think China is prepared for a total meltdown 00:03:12.840 --> 00:03:15.199 of the country. The average Chinese citizen is 00:03:15.199 --> 00:03:17.580 not a happy camper. The vast majority are living 00:03:17.580 --> 00:03:20.340 in unspeakable poverty. and oppression with no 00:03:20.340 --> 00:03:22.659 individual rights. So any major stressor could 00:03:22.659 --> 00:03:25.319 mean a complete blowout of the Xi Jinping communist 00:03:25.319 --> 00:03:28.439 fascist regime. Therefore, despite some obligatory 00:03:28.439 --> 00:03:30.860 saber rattling, I do not believe they will even 00:03:30.860 --> 00:03:33.819 risk it. Just one major global conflict may cause 00:03:33.819 --> 00:03:36.280 China to completely implode. For that reason 00:03:36.280 --> 00:03:38.840 alone, China, after some kabuki dance shows of 00:03:38.840 --> 00:03:40.800 token resistance, should play along with America. 00:03:40.960 --> 00:03:43.580 However, cornered animals can be unpredictable 00:03:43.580 --> 00:03:46.659 and deadly. That is exactly what China is today. 00:03:47.340 --> 00:03:49.699 The great fear of most tariff critics is that 00:03:49.699 --> 00:03:51.780 all countries will abandon free trade, which 00:03:51.780 --> 00:03:54.960 is absurd. Free trade is fantastic, as long as 00:03:54.960 --> 00:03:57.879 it's fair. Trump is looking for a massive flip 00:03:57.879 --> 00:04:00.139 globally, meaning that his tariffs will jumpstart 00:04:00.139 --> 00:04:02.639 benefits for all countries. They will follow 00:04:02.639 --> 00:04:04.759 America's lead of lowering or eliminating many 00:04:04.759 --> 00:04:07.319 tariffs because reciprocal means they will almost 00:04:07.319 --> 00:04:09.919 have to. That is called American leadership. 00:04:11.080 --> 00:04:13.360 Trump likes to use tariff proposals as bargaining 00:04:13.360 --> 00:04:15.680 chips, and he likes to start at the most extreme 00:04:15.680 --> 00:04:17.699 position and negotiate down from there. That's 00:04:17.699 --> 00:04:21.019 the art of the deal. Canada, as America's 51st 00:04:21.019 --> 00:04:23.579 state, is an obvious joke, but he says it like 00:04:23.579 --> 00:04:26.100 it's not a joke. So he softens his threat with 00:04:26.100 --> 00:04:29.199 humor, which is very New York of him. So the 00:04:29.199 --> 00:04:31.980 serious threat only sounds funny in a five -second 00:04:31.980 --> 00:04:35.000 soundbite, but overall the threat sounds so outrageous 00:04:35.000 --> 00:04:37.519 that no one's really threatened by it. So he 00:04:37.519 --> 00:04:39.339 gains tremendous advantage by saying something 00:04:39.339 --> 00:04:41.529 without really saying it. This is Machiavellian, 00:04:41.550 --> 00:04:43.430 of course, and New York City was ground zero 00:04:43.430 --> 00:04:45.889 being full of mobsters who molded that entire 00:04:45.889 --> 00:04:48.689 culture back in the day around such business 00:04:48.689 --> 00:04:51.269 tricks of the trade. At the same time, Trump 00:04:51.269 --> 00:04:53.769 is able to ingratiate himself with Joe Sixpack, 00:04:53.870 --> 00:04:56.129 who loves that kind of regular guy masculine 00:04:56.129 --> 00:04:58.910 teasing humor. And no wonder, that's also the 00:04:58.910 --> 00:05:02.069 core of his voting base. The last thing any sane 00:05:02.069 --> 00:05:04.470 president wants to do is oversee a recession. 00:05:04.769 --> 00:05:07.009 So Trump hates anything that stands in the way 00:05:07.009 --> 00:05:10.120 of fair free trade. as opposed to America, grab 00:05:10.120 --> 00:05:12.379 your ankles, totally free trade with no oversight 00:05:12.379 --> 00:05:14.920 or stipulations. There are many other unfair 00:05:14.920 --> 00:05:17.959 trade practices, not just tariffs. This was very 00:05:17.959 --> 00:05:20.639 curious. Why was Trump wanting to enact tariffs 00:05:20.639 --> 00:05:22.879 all at once with all countries? Number one, he 00:05:22.879 --> 00:05:25.180 wanted tariff chaos in order to isolate China. 00:05:25.740 --> 00:05:28.160 First, it was all about fairness. But when the 00:05:28.160 --> 00:05:30.339 bond markets were threatened by China in retaliation, 00:05:30.420 --> 00:05:32.259 which in turn threatened the global stock markets, 00:05:32.420 --> 00:05:35.100 well then, all bets are off. Now it's mostly 00:05:35.100 --> 00:05:37.300 about China. Currently, all countries are getting 00:05:37.300 --> 00:05:40.000 a pause on tariffs, but China is now stuck with 00:05:40.000 --> 00:05:43.620 a 145 % tariff. It's about weakening the great 00:05:43.620 --> 00:05:46.519 commie red dragon. Trump is capable of amazing 00:05:46.519 --> 00:05:48.860 flexibility while negotiating a hairpin turn 00:05:48.860 --> 00:05:52.699 above a steep cliff with a 90 degree drop. In 00:05:52.699 --> 00:05:54.699 addition, as a flanking maneuver, Trump is now 00:05:54.699 --> 00:05:58.319 saying to China, hands off Panama. So China has 00:05:58.319 --> 00:06:00.540 to deal with a major dream of controlling 5 % 00:06:00.540 --> 00:06:02.459 of the world's trade through that alleyway from 00:06:02.459 --> 00:06:05.269 slipping through the greasy green talons. At 00:06:05.269 --> 00:06:07.069 the same time, Trump is making master magician 00:06:07.069 --> 00:06:09.569 maneuvers toward Greenland, forcing China's focus 00:06:09.569 --> 00:06:12.029 there as well. China has always been playing 00:06:12.029 --> 00:06:14.149 chess, and now that the sleeping giant of America 00:06:14.149 --> 00:06:16.490 is rousing itself with high -grade caffeine and 00:06:16.490 --> 00:06:19.670 cracking its knuckles, China is starting to sweat. 00:06:20.209 --> 00:06:22.410 In the beginning, friends and foes alike were 00:06:22.410 --> 00:06:24.149 being targeted by Trump to create negotiating 00:06:24.149 --> 00:06:26.829 leverage, to create a domino effect once things 00:06:26.829 --> 00:06:29.370 started going America's way again. Once one country 00:06:29.370 --> 00:06:31.029 falls, they will all fall. That's because these 00:06:31.029 --> 00:06:33.459 are only reciprocal tariffs. Trump is leveling 00:06:33.459 --> 00:06:35.660 the playing field, so instead of using the abuses 00:06:35.660 --> 00:06:37.920 of wage suppression, currency manipulation, and 00:06:37.920 --> 00:06:40.040 draconian regulation, these countries simply 00:06:40.040 --> 00:06:42.879 have to sell fairly to the USA, or not play with 00:06:42.879 --> 00:06:45.860 us at all. Thus, missing out on all the economic 00:06:45.860 --> 00:06:48.199 growth that comes with it. That is our very fair, 00:06:48.279 --> 00:06:51.300 very simple negotiating position. So anyone starting 00:06:51.300 --> 00:06:53.819 a trade war over the US for simply wanting to 00:06:53.819 --> 00:06:57.089 be a good trading neighbor makes no sense. Some 00:06:57.089 --> 00:06:59.490 countries like Israel, Taiwan, and Cambodia immediately 00:06:59.490 --> 00:07:01.610 took steps to cut tariffs of U .S. imports in 00:07:01.610 --> 00:07:03.329 order to maintain a close relationship with their 00:07:03.329 --> 00:07:05.790 number one ally. Recently, the EU Commission 00:07:05.790 --> 00:07:08.589 said a zero -to -zero trade deal with the U .S. 00:07:08.589 --> 00:07:11.750 was just fine. This may be premature, but wouldn't 00:07:11.750 --> 00:07:14.050 that erase all tariffs? Isn't that what zero 00:07:14.050 --> 00:07:16.250 -to -zero emphatically means? And isn't that 00:07:16.250 --> 00:07:18.290 exactly what all free traders who hate tariffs 00:07:18.290 --> 00:07:21.329 want? And the EU isn't like little Cambodia. 00:07:21.550 --> 00:07:24.149 It's a massive conglomerate of 27 First World 00:07:24.149 --> 00:07:26.990 nations. As of now, the U .S. appears to be settling 00:07:26.990 --> 00:07:29.750 on 10 % tariffs on all nations with a 90 -day 00:07:29.750 --> 00:07:32.870 pause except for China, which has a huge 145 00:07:32.870 --> 00:07:36.029 % tariff from America. What does this mean? It 00:07:36.029 --> 00:07:38.029 means that China is the major economic enemy 00:07:38.029 --> 00:07:41.009 of America, and they must be reined in. This 00:07:41.009 --> 00:07:42.829 isn't really about tariffs. It's about exercising 00:07:42.829 --> 00:07:45.889 the golden rule of trade, that being simple reciprocity. 00:07:46.149 --> 00:07:48.430 Tariffs, if done right, are all about being fair. 00:07:48.769 --> 00:07:50.709 Do unto others as you would have them do unto 00:07:50.709 --> 00:07:53.259 you. The golden rule is from the Bible. Trump's 00:07:53.259 --> 00:07:56.000 Christian focus comes from doing, taking action, 00:07:56.100 --> 00:08:00.300 on a global scale. If tariffs are so bad, then 00:08:00.300 --> 00:08:02.160 why aren't the economies of many countries who 00:08:02.160 --> 00:08:04.680 use them just crumbling? Many have higher tariffs 00:08:04.680 --> 00:08:07.639 than what Trump wants to impose. American ignoramus 00:08:07.639 --> 00:08:09.560 college graduates working in the fake news media 00:08:09.560 --> 00:08:11.980 look to these crybaby countries who are saying 00:08:11.980 --> 00:08:14.259 that the same tariffs they're using will be terrible 00:08:14.259 --> 00:08:16.379 for the world economy if also used by America. 00:08:16.680 --> 00:08:19.699 If so, then why is the EU considering caving 00:08:19.699 --> 00:08:22.290 into Trump's demands? Why is that? if reciprocal 00:08:22.290 --> 00:08:24.569 tariffs are so unbelievably horrible for the 00:08:24.569 --> 00:08:27.069 global economy? They only say that because they've 00:08:27.069 --> 00:08:29.009 been spoiled for many decades by American monetary 00:08:29.009 --> 00:08:31.870 policy. If you cut off your spoiled brats from 00:08:31.870 --> 00:08:34.490 daddy's trust fund payouts, then your little 00:08:34.490 --> 00:08:36.570 angels suddenly become Eric and Lyle Menendez. 00:08:37.490 --> 00:08:39.730 Milton Friedman said tariffs were minor in the 00:08:39.730 --> 00:08:41.570 Great Depression. Most of the depression came 00:08:41.570 --> 00:08:43.370 from a leftist big government monetary policy 00:08:43.370 --> 00:08:46.129 bullying the middle class and poor people into 00:08:46.129 --> 00:08:48.990 submission. Is it really a tariff if it's just 00:08:48.990 --> 00:08:51.840 a reciprocal tax? By the way, the tariff so -called 00:08:51.840 --> 00:08:54.539 isn't a tax against Americans. It's against other 00:08:54.539 --> 00:08:56.919 countries. But they can stop that tax at any 00:08:56.919 --> 00:08:59.559 time. They're not forced to take it. So it's 00:08:59.559 --> 00:09:02.580 not America's tariff. It's China's tariff. Or 00:09:02.580 --> 00:09:05.179 Canada's tariff. They're the ones who tariffed 00:09:05.179 --> 00:09:08.679 us. Don't buy into the fake news industrial complex's 00:09:08.679 --> 00:09:11.200 spider web of lies. And none of this is complex. 00:09:11.379 --> 00:09:14.240 It is stupid simple and probably nothing to be 00:09:14.240 --> 00:09:17.179 afraid of. I say probably because we are dealing 00:09:17.179 --> 00:09:19.500 with people's perceptions. Never mind that everyone 00:09:19.500 --> 00:09:22.059 is trying to look at this objectively. Selfish 00:09:22.059 --> 00:09:23.799 human emotions like fear and greed have always 00:09:23.799 --> 00:09:26.600 plagued humanity. Therefore, wars and conflict 00:09:26.600 --> 00:09:29.139 have always existed. But to make this glaringly 00:09:29.139 --> 00:09:31.419 simple, as soon as any country quits playing 00:09:31.419 --> 00:09:33.940 games with America's economy, we quit playing 00:09:33.940 --> 00:09:36.779 games with theirs. And then both sides benefits 00:09:36.779 --> 00:09:39.750 from an even playing field. The fake news industrial 00:09:39.750 --> 00:09:42.309 complex is banking on the American voter to be 00:09:42.309 --> 00:09:45.990 a guaranteed ignoramus well into 2026 for the 00:09:45.990 --> 00:09:48.389 next election of our lifetimes. They're using 00:09:48.389 --> 00:09:50.370 the same old song and dance from the same old 00:09:50.370 --> 00:09:52.950 tired playbook. All they got are some silly scare 00:09:52.950 --> 00:09:54.710 tactics from history, like the Smoot -Hawley 00:09:54.710 --> 00:09:58.070 Act that was not enacted until 1931, but the 00:09:58.070 --> 00:10:01.470 stock market crash was in 1929. Even though those 00:10:01.470 --> 00:10:04.190 tariffs were about 60%, they did not cause the 00:10:04.190 --> 00:10:06.429 crash and did not make the Depression appreciably 00:10:06.429 --> 00:10:09.940 worse than it was. It was made horrible by FDR's 00:10:09.940 --> 00:10:11.840 foolish programs and leftist monetary policy 00:10:11.840 --> 00:10:14.419 of refusing to allow natural economic forces 00:10:14.419 --> 00:10:17.820 to take hold so as to recover quickly. Back then, 00:10:17.879 --> 00:10:20.879 the tariffs were deflationary. Consumer prices 00:10:20.879 --> 00:10:25.360 crashed, so they did not cause inflation. Today, 00:10:25.539 --> 00:10:27.600 America is a much larger economy and can handle 00:10:27.600 --> 00:10:29.759 these tariffs much better, so a highly unlikely 00:10:29.759 --> 00:10:31.740 trade war would hurt smaller countries much more. 00:10:32.299 --> 00:10:34.899 Still, it is a high -risk play. Our collective 00:10:34.899 --> 00:10:37.440 outcome depends on human nature. Trump gets it. 00:10:38.379 --> 00:10:40.200 What do all these countries have to gain if they're 00:10:40.200 --> 00:10:42.480 stuck on stupid tariffs hurt America? Who wants 00:10:42.480 --> 00:10:44.799 to hurt America more than anyone else? China. 00:10:45.379 --> 00:10:48.360 But does China have the leverage? Again, the 00:10:48.360 --> 00:10:50.059 vast majority of that country lives in poverty. 00:10:50.139 --> 00:10:52.740 Not just poverty, but horrendous poverty, which 00:10:52.740 --> 00:10:54.860 is almost impossible for Americans to even imagine. 00:10:55.019 --> 00:10:57.919 We can know about it, but we cannot fully feel 00:10:57.919 --> 00:11:01.120 it. Its unpleasantness forces us to look away 00:11:01.120 --> 00:11:02.940 from China's self -degradation of their own people, 00:11:03.039 --> 00:11:05.700 whom the privileged communist class of billionaires 00:11:05.700 --> 00:11:08.700 no longer see themselves a part of. Permanent 00:11:08.700 --> 00:11:10.500 tariffs may be bad for all countries unless we 00:11:10.500 --> 00:11:12.960 remove the income tax, which replaced the need 00:11:12.960 --> 00:11:15.600 for tariffs in 1913. That's assuming we won't 00:11:15.600 --> 00:11:17.980 move over to a far better national sales tax, 00:11:18.120 --> 00:11:20.639 which should be a very fair tax of maybe 5 or 00:11:20.639 --> 00:11:23.340 6 % on only what you buy. Hate paying taxes? 00:11:23.580 --> 00:11:25.500 Don't buy much stuff and you won't have to pay 00:11:25.500 --> 00:11:27.840 much at all. That's a great idea because it will 00:11:27.840 --> 00:11:29.919 cause Americans to barter and never surrender 00:11:29.919 --> 00:11:32.720 using cash for even greater tax savings. To avoid 00:11:32.720 --> 00:11:34.759 tax fraud, the income tax should still be an 00:11:34.759 --> 00:11:36.820 optional choice instead of the sales tax, under 00:11:36.820 --> 00:11:39.399 certain circumstances. But wide use of cash will 00:11:39.399 --> 00:11:41.480 ensure that we never lose our freedoms to a one 00:11:41.480 --> 00:11:43.759 -world currency that can too easily be controlled 00:11:43.759 --> 00:11:46.960 digitally. Look, here's the main problem. A cashless 00:11:46.960 --> 00:11:48.960 system equals political persecution made easy. 00:11:49.299 --> 00:11:51.139 Wasn't it bad enough with the persecution of 00:11:51.139 --> 00:11:53.279 the January 6th patriots and the weaponization 00:11:53.279 --> 00:11:55.120 of the Justice Department against President Trump? 00:11:55.690 --> 00:11:57.610 All they have to do is put an expiration date 00:11:57.610 --> 00:11:59.970 on or even turn off your digital currency entirely 00:11:59.970 --> 00:12:02.389 if you're not woke enough. That could easily 00:12:02.389 --> 00:12:05.470 happen if you give up using cash entirely. Such 00:12:05.470 --> 00:12:07.330 monetary terrorism turns government bullying 00:12:07.330 --> 00:12:10.129 and tyranny into a perfected science. This is 00:12:10.129 --> 00:12:12.649 just basic common sense. With a national sales 00:12:12.649 --> 00:12:14.490 tax, if you don't buy much stuff, that will make 00:12:14.490 --> 00:12:16.250 poverty for serious people somewhat difficult 00:12:16.250 --> 00:12:18.649 to achieve. It actually becomes somewhat difficult 00:12:18.649 --> 00:12:21.490 to become poor, so in turn, that will make the 00:12:21.490 --> 00:12:23.830 welfare state virtually non -existent. That's 00:12:23.830 --> 00:12:25.940 the job of the church anyway. to take care of 00:12:25.940 --> 00:12:28.399 the poor. All this will make people of all races, 00:12:28.440 --> 00:12:30.600 classes, and creeds automagically conservative. 00:12:31.080 --> 00:12:33.139 We will all become much more independent and 00:12:33.139 --> 00:12:35.299 self -sufficient and conservative and happier 00:12:35.299 --> 00:12:38.399 across the board. That will happen when Americans 00:12:38.399 --> 00:12:40.379 are no longer pathetic victims standing on street 00:12:40.379 --> 00:12:42.259 corners with their hands stretched out. I mean 00:12:42.259 --> 00:12:45.200 that figuratively and literally. This is Trump's 00:12:45.200 --> 00:12:48.139 ultimate plan. Tariffs aren't the end all, just 00:12:48.139 --> 00:12:51.840 a means to that end. 100 years ago, federal government 00:12:51.840 --> 00:12:55.330 spending was 2 .7 % of GDP. It has grown by 25 00:12:55.330 --> 00:12:58.629 % of GDP, 10 times bigger than 100 years ago. 00:12:58.850 --> 00:13:01.289 But does it have to be this way? Of course not. 00:13:01.429 --> 00:13:03.870 Back then, government was much smaller, so it 00:13:03.870 --> 00:13:05.970 needed far less money. Therefore, tariffs alone 00:13:05.970 --> 00:13:08.389 were enough money. No income tax was needed. 00:13:08.649 --> 00:13:10.990 The worst case scenario is that all these countries 00:13:10.990 --> 00:13:12.830 play along and no tariffs will be needed going 00:13:12.830 --> 00:13:15.029 into the future. But we can still get rid of 00:13:15.029 --> 00:13:17.429 the income tax. Just replace it with one flat 00:13:17.429 --> 00:13:20.009 national sales tax. Then we could possibly get 00:13:20.009 --> 00:13:23.149 rid of the IRS. Here's a reality check. Replacing 00:13:23.149 --> 00:13:25.269 the income tax with permanent tariffs may well 00:13:25.269 --> 00:13:27.389 be just a pipe dream. In a competitive, high 00:13:27.389 --> 00:13:29.909 -tech, complex world, we need strong, well -financed 00:13:29.909 --> 00:13:32.269 federal government. The bottom line is this. 00:13:32.429 --> 00:13:35.049 Free trade will not, cannot survive unless it's 00:13:35.049 --> 00:13:37.470 fair. But the greatest threat to Trump's tariffs 00:13:37.470 --> 00:13:40.429 is still lawfare in the courts. With Trump's 00:13:40.429 --> 00:13:42.330 success, the parties have flipped completely, 00:13:42.529 --> 00:13:44.669 it seems. The Republican Party is far more concerned 00:13:44.669 --> 00:13:46.690 about the people. The demon rats are more concerned 00:13:46.690 --> 00:13:48.470 with placating the world's multi -billionaires 00:13:48.470 --> 00:13:50.309 with their collective trillion -dollar investments 00:13:50.309 --> 00:13:53.379 into insane woke garbage. The demon rat party, 00:13:53.460 --> 00:13:56.539 as we know it, wouldn't exist without these billionaires, 00:13:56.639 --> 00:14:00.080 they being their biggest donors. The possibility 00:14:00.080 --> 00:14:02.480 of a global trade war isn't likely because it 00:14:02.480 --> 00:14:05.139 isn't rational. Only if Trump is perceived as 00:14:05.139 --> 00:14:07.379 weak would a trade war ever come about because 00:14:07.379 --> 00:14:09.460 other nations will think pushback will succeed 00:14:09.460 --> 00:14:12.080 against the USA. But it obviously won't work 00:14:12.080 --> 00:14:14.039 on Trump because he's a strong leader, and the 00:14:14.039 --> 00:14:16.120 world already knows that, if they're being honest. 00:14:16.759 --> 00:14:18.820 Tariffs create jobs, which leads to the economic 00:14:18.820 --> 00:14:22.110 boom, which leads to more tax revenue. But does 00:14:22.110 --> 00:14:24.649 it create inflation? The consumer always pays 00:14:24.649 --> 00:14:26.289 for any tariff because it's just another name 00:14:26.289 --> 00:14:28.809 for a tax. And we must all know that corporations 00:14:28.809 --> 00:14:31.610 don't pay any taxes because they automatically 00:14:31.610 --> 00:14:33.789 get passed on to the consumer in the form of 00:14:33.789 --> 00:14:37.370 higher prices. So tariffs do add to inflation, 00:14:37.570 --> 00:14:39.950 but that's not the major cause of inflation. 00:14:40.230 --> 00:14:42.450 So to counter any inflation caused by tariffs, 00:14:42.529 --> 00:14:45.669 we must ask, what is Doge all about? Cutting 00:14:45.669 --> 00:14:48.149 government spending massively, which is a massive 00:14:48.149 --> 00:14:51.370 anti -inflationary move. So increased tariffs 00:14:51.370 --> 00:14:54.610 and decreased spending both counter and thus 00:14:54.610 --> 00:14:58.269 cancel each other out. So we're even, right? 00:14:58.909 --> 00:15:02.490 Wrong. For the forgotten American, it gets way 00:15:02.490 --> 00:15:05.330 better than even that. Government spending is 00:15:05.330 --> 00:15:07.169 far and away the biggest cause of inflation. 00:15:07.470 --> 00:15:10.190 Tariffs don't even come close. What was the inflation 00:15:10.190 --> 00:15:12.649 rate in 1913 when the income tax was made into 00:15:12.649 --> 00:15:14.950 constitutional law and tariffs were the main 00:15:14.950 --> 00:15:17.350 way the government made its money? Only about 00:15:17.350 --> 00:15:21.049 2%. Most items were priced around $1 then, so 00:15:21.049 --> 00:15:23.750 something for sale for $1 in 1912 cost about 00:15:23.750 --> 00:15:27.350 $1 .02 in 1913. Look at the rate of inflation 00:15:27.350 --> 00:15:29.070 under Brandon just a year ago when government 00:15:29.070 --> 00:15:31.529 spending was near its all -time highest. The 00:15:31.529 --> 00:15:35.210 actual inflation rate was about 20%. 2 % versus 00:15:35.210 --> 00:15:38.549 20%. There is no comparison. And all that inflation 00:15:38.549 --> 00:15:41.409 was created without American imposed tariffs. 00:15:42.730 --> 00:15:44.690 The reason Trump is so excited about tariffs, 00:15:44.750 --> 00:15:46.230 after all, it's his favorite word in the dictionary, 00:15:46.330 --> 00:15:48.669 is because of, number one, creating jobs. Number 00:15:48.669 --> 00:15:51.309 two, a long -term economic boom will result. 00:15:51.610 --> 00:15:53.970 This boom will be global, by the way, because 00:15:53.970 --> 00:15:55.909 many countries will be forced to play along if 00:15:55.909 --> 00:15:58.350 they know what's good for them. Again, we export 00:15:58.350 --> 00:16:01.289 to China one -fifth of what they export to us. 00:16:01.669 --> 00:16:03.889 So them raising tariffs on us does the U .S. 00:16:03.889 --> 00:16:06.289 very little harm. As of today, China has been 00:16:06.289 --> 00:16:10.289 saddled with an enormous 145 % tariff. So something 00:16:10.289 --> 00:16:13.100 has to give, and soon. They're hoping internal 00:16:13.100 --> 00:16:15.240 pressure from the crybaby libtard voters will 00:16:15.240 --> 00:16:17.820 intimidate Trump. China, on the other hand, has 00:16:17.820 --> 00:16:20.139 no such internal pressure. They do, but they 00:16:20.139 --> 00:16:22.159 just ignore their dissidents and imprisons and 00:16:22.159 --> 00:16:23.940 even tortures them if they start to get too big 00:16:23.940 --> 00:16:25.960 for the britches. But if the Chinese economy 00:16:25.960 --> 00:16:29.080 just gets 40 or 50 % worse, then it's possibly 00:16:29.080 --> 00:16:31.559 all over for China. Their decades of ignoring 00:16:31.559 --> 00:16:34.320 individual rights has rotted out China's soul 00:16:34.320 --> 00:16:36.720 and foundation of stability to the very core. 00:16:37.320 --> 00:16:40.399 Trump wants to break China. I say amen to that. 00:16:41.549 --> 00:16:44.330 This is all about the art of brinkmanship. It's 00:16:44.330 --> 00:16:47.809 bold and it's baldy. These tariffs mark the start 00:16:47.809 --> 00:16:50.429 of phase two of making America great again. Phase 00:16:50.429 --> 00:16:52.190 one of empowering the free world in the first 00:16:52.190 --> 00:16:54.090 place started after World War II when America 00:16:54.090 --> 00:16:56.289 created the Marshall Plan to make the free world 00:16:56.289 --> 00:16:59.490 rich to compete with ambitious communism. That 00:16:59.490 --> 00:17:01.470 wealth creation phase was highly successful, 00:17:01.549 --> 00:17:04.319 but now that phase is over. Now it's time for 00:17:04.319 --> 00:17:06.440 America to regain her throne as the world leader 00:17:06.440 --> 00:17:09.799 in all areas. Socially, economically, militarily, 00:17:09.859 --> 00:17:11.819 as well as morally based upon a strong Christian 00:17:11.819 --> 00:17:15.099 foundation. Therefore, Europe isn't lacking a 00:17:15.099 --> 00:17:17.200 wealth problem. It has a Mohammedan problem. 00:17:17.480 --> 00:17:19.819 And that's because their secular economic success, 00:17:20.099 --> 00:17:22.640 brought to them by America, has corrupted their 00:17:22.640 --> 00:17:25.640 culture to an obscene degree. The same will happen 00:17:25.640 --> 00:17:27.960 to America if we allow these Mohammedan immigrants 00:17:27.960 --> 00:17:31.339 to take over America. Europeans don't want to 00:17:31.339 --> 00:17:33.240 get married and have babies, so they imported 00:17:33.240 --> 00:17:35.680 millions of Mohammedans to wait on their tables 00:17:35.680 --> 00:17:38.160 and clean their toilets. It may be well too late 00:17:38.160 --> 00:17:40.920 for Europe. But if they can somehow copy America, 00:17:41.099 --> 00:17:43.119 that could empower the middle class there as 00:17:43.119 --> 00:17:45.460 well. Then they won't need mass immigration anymore. 00:17:46.400 --> 00:17:48.279 If you thought Trump getting re -elected was 00:17:48.279 --> 00:17:50.799 a miracle, wait till you see what's coming for 00:17:50.799 --> 00:17:53.640 Europe. Only a God -sized miracle can save them. 00:17:53.779 --> 00:17:56.500 So start praying for Europe to wake up and pray 00:17:56.500 --> 00:18:00.210 without ceasing. Right now. Time is not. on their 00:18:00.210 --> 00:18:03.970 side, or ours. You've been listening to No PC 00:18:03.970 --> 00:18:06.049 Allowed. I am Mac Iverson. We will meet again 00:18:06.049 --> 00:18:07.349 next week and every week.