Transcript
A (0:00)
Welcome back to the Not One Step Back podcast, guys. The sky is falling. Or at least that's what the liberal elites and the establishment Republicans would have you think. Today, Andrew and I will be doing a little bit of a deep dive into this whole alleged stock market collapse because of Trump's tariffs. Should we be really worried about this or is this just the liberal media pissing on our leg and telling us it is raining once again? Furthermore, we're going to discuss the Cain Velasquez story, who was sentenced to prison for going on a rampage against the person that diddled his child at a daycare center. And then we're going to finish off by speaking about some of the very high profile people who have either converted to Christianity or who are looking at it, Joe Rogan, Russell Brand, et cetera. So don't forget to smash that like, button on the way in and help us out with the algorithms. Subscribe to the channel if you haven't already. And if you prefer the audio version, then the Not One Step Back podcast is on Apple and it's on Spotify. With that, let's get into it. All right, Andrew, welcome back to the show. Welcome everybody. We've got a good show for you today. We're going to be talking a little, little bit about the fact that the sky is falling and also covering a few other stories that I just am keen to hear Andrew's perspective on. So, Andrew, the sky is falling, is that true?
B (1:15)
It is in fact not true.
A (1:19)
So we've got over the last few days, the stock market taking a dip. I have just woken up, I'm here in Asia, so I haven't really checked the market this morning. What's your, what's your take on all of this? Is it, you know, manufacture?
B (1:31)
I put out a tweet, I put out a tweet where a bunch of Libby Libby's are upset because they actually agree with me, but they don't know how to disagree with me without saying things like, you're financially illiterate, stupid like that. All right, so what's going on is where have, has anybody even felt the cost of tariffs yet? This is a brand new thing, right?
A (1:52)
Yeah.
B (1:52)
So why is, why is the sky falling? Well, this, the what's going on is speculators who speculate they could be losing profits and people who are, who are sooth saying and making predictions into the future have determined that they're going to lose a bunch of money and so they're pulling out right now. Remember, I think it's something like 90% of the stock market is owned by 10% of the, of, of people. Right? So you know, it's, this is, this is not like a, there's not a problem for the average person. But what they're doing is they're making these speculations based around doom and gloom and panic and this. And I remember I told you a couple weeks ago on this program that this is what the media would do. They would try to tank the stock market by basically bringing on every single doom soothsayer that they possibly could to tell, tell us how everything's going to crash, everything's going to get, destroy that these tariff policies are going to raise prices on consumers to the point where they're not even going to buy goods. And you know, the next depression is coming. They're, they're making a comparison to the terrorists from the original Great Depression which contributed to that Great Depression. According to some people, according to some people it didn't. But, but the point is, is that ultimately this doesn't have anything to do with tariffs themselves, which haven't done yet. We haven't, they haven't done anything yet. This is, it's brand new policy and it's not even, it's still not even exactly completely settled, right? So it has to do with panic and it's an artificially induced panic and it's designed to defame Trump, make him look bad, make him look like he's a terrible president, make him look like he's destroying the, the country. First of all, the stock market itself is not the indicator for the health and welfare of the nation. That's the one, that's the first thing. What I'm saying is that this is an artificial panic which is pushed by doom soothsayers. The same people who tell you in the one breath the economy is only as strong as people's faith in it, are making story after story after story about why you haven't, shouldn't have any faith in it. Right? It's like it's a self fulfilled prophecy essentially. But as soon as the, there's no reason for us to believe that once the tariffs are in place and people know exactly what they're going to do, what the costs are going to be, this type of thing, that it won't stabilize. There's no reason for us to believe that, right? Stock market wants stability. The markets love stability. There's a little bit of a shake up. Oh my God. There's a big dip. Oh my God, oh my God, oh my God. It's Fine. It'll be fine. Right. It's the first time that you've really seen a big sway in economic policy in the United States in a long time. Market is reacting poorly to it based on doom and gloom. That's it.
