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Pat
Did you ever think you would make it.
Adam
Adam?
Pat
What's your point? The future looks bright. My handshake is better than anything I ever sized right here. You are a one of one. I think I've ever said this. Okay, so home team episode 575 with the one and only Benny Johnson in the house.
Benny Johnson
What's going on, guys?
Pat
All right, so by the way, Benny, we just want to make sure. I know sometimes people are recording stuff like this. Benny jumped the fence to come here today.
Benny Johnson
Like, literally I did.
Pat
He jumped the fence. He landed on a plane and didn't want to wait till the airport, opened the doors. He jumped the fence, came in. But he did it legally.
Adam
Yeah, but security came and was like. Do you know the. We're like, jono. Say, Benny. They just.
Pat
Yeah.
Tom
In a plane. On a plane would have been even more spectacular.
Adam
Yes.
Benny Johnson
I'm going to learn. I mean, I'm going to learn. I think I want the deportation experience. You know, I want. You can get a free trip to Venezuela. You get a free trip to El Salvador.
Pat
Yeah, maybe.
Benny Johnson
This is a very cheap way to take a vacation.
Pat
Four months ago you would have had. Now there's this guy that doesn't like that kind of stuff. He doesn't want to send you to. You know, he's not. So we're going to see what's going to happen. But everybody said they were impressed by the way you jumped the fence and they said it didn't look like it was your first. So whatever that is, I mean, maybe there's a history to it.
Benny Johnson
But I just want to say, and I came all the way here to say this, that I am thankful that I'm not wearing my Ron DeSantis fair gamos today.
Pat
Yeah.
Benny Johnson
That is my favorite PBD moment. Yeah, I. If I want some motivation in the morning, I watch it. And I think, okay, if PBD offered me a pair of Ferras, what would I do? I'm wearing New Balances today. But what. What happened there was so viral and so special. And the heels, did we ever get to the bottom of that? Are there heels in the boots?
Tom
But I'm.
Benny Johnson
Do we have forensics of this? Did anybody ever decide.
Pat
What do they call it? Bootgate ended up being called? It was all over the place. But all he had to do was either receive it or have some fun with it. That's all you had to do. All you had to do is when Jimmy Fallon said, hey, your hair is whatever. And he said, here, touch it. I got to Go to Rhode Island.
Adam
Yeah.
Pat
That's all it was. That kind of a moment we were hoping to have, but it didn't happen. And Rob still has the picture. But anyway, four, what it's worth, we have to say this. This is the very important disclaimer. We came here for his policies, and we're here because he's a phenomenal governor.
Benny Johnson
Yeah.
Pat
I only had one issue with him. All he had to do was call Trump before he ran and gone to Marlak.
Adam
That's it.
Pat
That's the only thing. If you didn't do that, it would have been a different story. But we'll see what's going to happen. By the way, you may have his wife as a governor here soon. So it's either going to be her or Byron Donald. So this may be like a DeSantis for eight more years. So brace for impact.
Benny Johnson
What do you think about that? What do you think about that? Because a lot of people are like, wait a second, we don't know Casey DeSantis. We think it's nepotistic. Does she have the qualifications to be governor? It'd just be Ron running everything behind the scenes anyway, which I think some people would be okay with. I'm Team Byron. I like Byron.
Pat
Right.
Benny Johnson
Byron's my boy. I've worked with him before. He's been on the show all the time. Like, he's ready to go. He's a new generation. But I understand, like, people like the DeSantis governorship and policies here. This is one of the reasons why I moved my business and family to Florida, actually, from here.
Pat
From where? Washington, D.C. how long ago?
Benny Johnson
Four years ago.
Pat
Same here. We moved from Texas to here and we love it. So you probably love it as well on the Tampa side.
Benny Johnson
Yes.
Pat
Yeah. So to me, if you're asking a question about what I think, yeah, we went to the. The governor's mansion in whatever time, probably.
Vinny
Two years ago, right before two years.
Pat
Ago, announced in a small setting with 15 people in the room. And she was so impressive. I cannot tell you how impressive she is. So as much as, you know, Ron is not comfortable, like, he's not, you know, there's guys that are such great operators, but they're just not good with people. They're not comfortable there. Right. That's not his mo. You're not going to sit there and say, this is the guy that's going to land a speech from stage and people are going to run out wanting to run through the wall for the guy. It's not going to happen. But He's a very good operator, very. And he's a fighter. Casey is presentable, very well spoken. Similar policies to her husband, I would assume. What is she gonna campaign on? Well, there's one thing I disagree with. The previous governor here in the state. I would have done this much better. That's not gonna work out. Right.
Benny Johnson
So it's literally I told him the other night in the domestic and he slept in the garage. Yeah, I kicked his ass out.
Pat
Then the other side with Byron, what I love the most, I love competition. I love competition. So the more the Byron, the Casey, I hope a handful of other people get into it. The more competition we have, the better it's going to be. Specifically on the conservative side, the biggest highlight. There's a lot of talent there. That's the, that's why the future looks bright with the state of Florida. We got to keep it that way. Let me go through some of the stories and we'll get right into the podcast. So couple things with terrorists. Lot's been changing a lot. EU came out and said we going to approve new retaliatory tariffs on the US and then this morning they're changing their position at 7:05am based on what Tom just told me right now. So there's a lot of updates with tariffs. We're going to give you a whole timeline. New York Times had a great article giving the specific timeline of what's happened on off on off to just kind of track it for some of you guys that actually have a life and you're doing other things, you have a job, career, kids, we'll give you the timeline so you kind of know what's going on there. Kramer shares four lessons from the Trump tariff turmoil. Let's see how good these lessons are. And then you know, here's which grocery stores items will get more expensive because of tariffs. Canada spectacularly bended the knee to the US as Trump scores major victory over the 51st state. And then Fox host fumes about media focusing on economic pain of Trump's tariffs. It's mind boggling. I'm not surprised. But we'll talk about it. Trump declares he would absolutely bomb Iran if it refuses to give up its bid for nuclear weapons. Dow goes up 2900. Yesterday, I think was the third largest day in the history of the market for the Dow and SMB post, the biggest gain since 08. For some of you guys that follow sports, something happened. This coach named Michael Malone, who's actually a pretty good coach, won the championship. All of a sudden gets Fired. Some are saying it was Westbrook's fault. Some are saying it was you know a bunch of stories there. We may have some kind of story all the way at the end. We'll talk about that. Trump assassination attempt suspect Ryan Routh sought or rocket launcher from Ukraine. You read a story like this. So what'd you do this weekend? I tried to buy rocket launcher and I went to Walmart. They didn't have it really. So I went to Ukraine. Cool to have a discount out there.
Adam
They report it? Did they report it to the. Yeah, if they did, I think so.
Pat
Florida state approves a ban on geoengineering and weather modification. Ben Shapiro says Peter Navarro should be nowhere near trade policy. CIA probed photo of Hitler and Colombia years after the war. And then on the addendum Anderson Cooper out of all people folks. And Benny, you know this, this is sad. How dare he misgender someone.
Adam
I almost, I almost broke the tv.
Vinny
I couldn't believe it. What did he do?
Pat
The fact that he doesn't know that she wanted to be called they them Unbelievable. It's, it's a big disappointment for cnn. I mean that would they missed our opportunity.
Adam
Can she sue them that wasn't hired.
Benny Johnson
A Vanderbilt telling you those people.
Pat
Trump announces 90 day pause on reciprocal we'll talk about that NASDAQ stores we'll talk about Kevin O'Leary says four he wants Mr. B says it's cheaper now and it'll be way cheaper to make feastables chocolates outside of the US because of Trump's tariffs. Apple is racing to fly planes of iPhones into the US before ahead of the tariffs the stock market will go down 80% when this is over says bearish investor Mark Spitznagol.
Adam
Good one.
Pat
I screw that one up. Yes. Chinese launches racist humiliation campaign mocking Trump's tariffs. Wall street to cut China's growth forecast. And then there's a few other stories. Jamie Dimon says we're going to go into recession. Larry Fink's got a few things to say. And then Panama files criminal charges against Chinese linked canal port owner for breach of contract. I love that story. We'll talk about that now today. Rob, can you do me a favor go to ebay. Let me tell you how crazy our audience is. We want to have a million people where in the future looks bright here. So this is some of you that buy future looks bright gear and the numbered ones and some of you that go and put it on ebay. Look at this. 400 bucks 1 out of 51 99.
Adam
That's me on the left.
Tom
Can you go to the user one hat number one.
Benny Johnson
Ten grand.
Pat
Is that one out of 250? Yes, but he got the one out of 250. That's good for him. What's the user's name? Can we see? What is the user's name?
Adam
Rob Gargiulo.
Pat
Okay, go back. Interesting. 10 grand. Go back one Rob to see what else is up there.
Benny Johnson
Rob.
Adam
That would have been so funny.
Pat
Go back if you can. Okay, they go lower. So that's another one number. Another one. The 4547 number. Keep going lower. More of them number that are selling. Holy moly. That's a 43 out of 50. Okay, so here's what we're doing today. This one took us a while to get and I'll explain to you why. This is the box value tment if you ordered this hat. When you open it up, the box right there, you see the future looks bright in gold. And then there's a card in there from me to you. And this hat took a while to make for one specific reason. So this is a numbered out of 250. Okay? And this says future looks bright. And all of it is embroidered. This is not like a wing job. All of it says future looks bright all around the hat. Black sick hat that just got launched this morning. Numbered out of 250 at 99. First come, first serve. Just so you know. You know how this works. These go like hotcakes. In no time, this goes. So within 30 minutes, this will be gone. But if you're one of the people that collects these numbered hats, we will not be doing this one again. Specifically with this color. Black and white, future looks bright. Numbered out of 1 out of 250. Go to vtmerch.com Place your order. By the way, look at this, Vinnie. Even down here, like the way it.
Adam
Is, I like if I bought one right now. So somebody's gonna get the number one right now.
Pat
Someone's whoever orders number one. So. But anyways, that'll be in the box with the box the whole night. Now when we get the shipments with the future looks bright, you know it's coming in this to know that it's coming strictly from us. Go to vtemerch.com Place your order. Okay, with that being said, let's get right into the stories of what's going on today with tariffs. Let me give you the timeline of what's going on with tariffs, Tom. I'm going to come to you then, Benny I'll come to you next. All right, so timeline on tariffs. January 20, hours before being sworn in, Trump announced 25% tariffs on Canada on Mexico starting February 1. January 26, he announced immediate 25% tariffs on all goods from Colombia rise to 50% in a week after Colombia turned back deportation planes. Colombia agreed to all the president's terms within hours. February 1st. Then Trump signed an executive order imposing 25% tariffs on nearly all goods from Canada and Mexico and 10% on China, citing fentanyl smuggling, illegal immigration. Canada, Mexico planned retaliation. China threatened countermeasures. The second, facing criticism Trump acknowledged on social media become an economic downside, saying, will there be some pain? Yes, maybe, maybe not. The third, he paused the trips on Mexico and Canada for 30 days while threatening new tariffs. On the fourth, 10% tariffs on Chinese imports took effect. China retaliate with additional tariffs on products. Seventh, he planned to broaden his trade war with reciprocal tariffs. 10th Another 25% on foreign steel and aluminum, reviving a first term policy. 13th Outline broad reciprocal tariffs. 14th Confirmed plans to unspecified tariffs on foreign cars starting April 2nd. 25th Executive order task on Commerce Secretary Lutnick with investigating its foreign copper production. This kept going, going, going. Then it went to 13th of March. Citing EU's planned 50% tariffs on whiskey. Mr. Trump proposed a 200 tariff on used wines. 24th he said a 25 tariff effective. Second, all exports from US counting buying Venezuela oil. 2620 tariff on all cars and car parts shipped into US including American brands. 29th said he couldn't care less if car prices rose due to his tariffs. Obviously they're not telling the whole story. Then 31st, Trump declared no exemptions for tariffs starting April 2nd. 10% tariff on the 2nd hit all nations across the board. Then the four China's finance ministry imposed a 34% tariffs on all imports. Trump planned a 34% tariffs on China and barred 11 U.S. companies. Then on the 5th, 45 day delay with Vietnam because they were the first to come out. Then Bangladesh on the seventh Saturday, three month reprieve from US tariffs, all of this is going on and in the interim EU comes out saying we're going to have retaliatory tariffs. And then this morning, Tom, specific to eu, can you give us an update what they just did this morning?
Tom
Yeah, there she is now. The prime ministers and the presidents in Europe, they want to go out with populist anti Trump messaging and they want to go scream and pound their fist. So they send her out. Who's the president of the EU Commission, Ursula van Vander Leyen, and she's the mouthpiece for the economic Europe. And so she comes out 7 to 5. Today we are pausing on our retaliatory tariffs and it's because Europe was looking over at China and seeing Trump says, I'll see your 75 and I'll raise you 100. And they don't want to play that poker game. And so Europe has come back and said, we'd like to negotiate and we're going to pause our retaliatory tariffs. She was the one also said three days ago, europe recognizes a good deal when we see it and we want a good deal. If anybody saw her comments. So that's what's going on with her. Why is everyone so surprised? Why is everyone so surprised? Trump ran on tariffs and said two things. I'm gonna get fairness back for America. There's tariffs out there that we don't know about, and I want fairness and I wanna bring jobs and manufacturing back to America. I'm running on tariffs. It's the most beautiful word. So why is everybody so surprised? Why is the timeline here? From the New York Times, why is this timeline? Because it's a negotiation. Negotiations go back and forth, back and forth. Want to learn about negotiation? Come to the vault, you know, come see us. PBD talks about negotiation. Negotiation is not. Hi, how you doing? How about six? Yeah, okay.
Vinny
All right, bye.
Tom
That's not how negotiation works. It goes back and forth on an international stage. People are playing to their home audience, playing to their parliaments, playing to a lot of things, and it goes back and forth.
Pat
Is this the tweet, Rob?
Tom
Yes, this came out at 2:19am Our time this morning.
Pat
Oh, so that would be. So that's, that's. I welcome President Trump's announcement to pause reciprocal tariffs. It's an important step. Clear, predictable conditions are essential in trade supply chains. Tariffs are taxes that only hurt business and consumers. That's why I've consistently advocated for zero for zero tariff agreement. That's good. EU remains committed to its conservation because at the same time, Europe continues to focus on diversifying trade policy, engaging with countries that account for 87 of our global trades. You know what she's saying? We're not. What does 87 mean? That means us is 13. That's what she's saying there. So global trade and insurance commitment to open exchange goods. Finally, we are stepping our work for little berries of owners. This crisis has made one thing clear. In times of uncertainty, the single market is our anchor of stability. And resilience. My team and I will continue to work day and night to protect European consumers, workers and businesses. Together, Europeans will emerge stronger from this crisis. Benny Thoughts. This episode is brought to you by Greenlight.
Benny Johnson
Get this Adults with financial literacy skills have 82% more wealth than those who don't.
Pat
From swimming lessons to piano classes. US parents invest in so many things.
Benny Johnson
To enrich our kids lives but are we investing in their future financial success?
Pat
With Greenlight you can teach your kids financial literacy skills like earning, saving and investing. And this investment costs less than that.
Benny Johnson
After school treat start prioritizing their financial education and future today with a risk free trial at greenlight.com Spotify greenlight.com Spotify Ryan Reynolds here from Mint Mobile. I don't know if you knew this.
Pat
But anyone can get the same Premium.
Benny Johnson
Wireless for $15 a month plan that I've been enjoying. It's not just for celebrities. So do like I did and have one of your assistant's assistants switch you to Mint Mobile today. I'm told it's super easy to do@mintmobile.com.
Pat
Switch upfront payment of $45 for 3.
Benny Johnson
Month plan equivalent to $15 per month.
Pat
Required intro rate first 3 months only, then full price plan options available, taxes and fees extra.
Benny Johnson
See full terms@mintmobile.com so if she says 0 for 0 tariffs, why do they have a 30% tariff on American vehicles? Why is it that you can go to Europe, which I'm sure everybody has done here. Do you ever see a Ford truck in Europe?
Pat
Zero.
Benny Johnson
Have you seen a single American car in Europe?
Adam
Nope.
Benny Johnson
Have you ever seen a dealership in Europe for Chevy?
Tom
No.
Benny Johnson
Gmc that doesn't exist. So she's lying. Also she puts out the tweet at 2am which is absurd and nobody's going to see that. Like learn the time zones if you're speaking to Trump, which is what this is all about and saying yes, we, we agree that you're in control and you're in control of the entire global economy and we're going to try and do everything that we possibly can to keep access to the American market. Because the only innovation that Europe has brought has been in the last 30 years has been a little piece of plastic that keeps the tab on your water bottles. Have you guys seen that? That's the single European innovation. While every AI company is here and every single innovative company on planet Earth, well, we're able to catch spaceships with chopsticks. Europe has added a piece of plastic that stabs you in the eye every time you try and drink out of their stupid.
Tom
But they patented whining, by the way.
Pat
You.
Benny Johnson
That's what this sounds like. A patent of a wine. This is why people like Trump. People like Trump because he's dad. All right. Our home. I look at it as a metaphor of a house. Our proverbial house where we live, our country has not only been a house that has been abused by all of our neighbors, they literally walk onto our property and steal from us. They take our doorknobs, they take our light bulbs, they actually take things from our home. Our children live here. We have a horrible deal with the bank. We're horribly in debt on our house. We need somebody to renegotiate for us. And more importantly, we need somebody to sit in a rocking chair with a shotgun outside to say, you are not going to be stealing from our home anymore. Daddy's home. And that's what Donald Trump is, and that's what these tariffs are. He's sitting there with a polished 12 gauge out front with a, with a cigarette or a Zinn in or whatever, you know, an alpen. And he's saying, you're not going to steal from us any longer. And if you do, there's going to be horrible consequences. He's resetting the neighborhood and that's what's happening here. Europe has taken total advantage of us. There's a great chart. I don't have it on hand, but there's a great chart about the value of companies that were created in Europe over the last 70 years versus the value of American companies that were startups. And there is zero innovation. Europe, Europe has to depend on the American economy. They are dependent on us for their military, for their economics, for their innovation, and quite frankly, for the social welfare, welfare programs that they love to invest in. And Donald Trump is simply saying, there it is. Perfect.
Adam
Awesome.
Benny Johnson
Look at that. Look at how humiliate. So that's leverage. Pbd. Pbd, Is that in business? Who has the leverage here?
Pat
Yeah. So that's public from scratch. Us and you companies less than 50 year old with $10 billion market cap. We do. Right. Obviously it's not even close there. So what I did when you said this, because you got me thinking, I lived in Germany for two years and I wanted to know, was there any US cars? Rob, can you actually search? How many dealerships are there? Like just type in. In chatgpt, how many Ford dealerships are there in Europe? I'm actually really curious because you got me thinking now I've never even looked at this data before. How many Ford dealerships are there in Europe? Let's see this number here, Benny. Okay, so they got 3100 dealerships in Europe. 2024. Okay, so then here's what I would want to know. Because to me, as much as EU is something we're looking at, I want to know my number one person in this whole thing taking place is not EU because EU allows social media communication. EU allows our stuff to be there. China's my number one. Can you type in Rob, how many Ford vehicles were sold in Europe? How many Ford vehicles were sold in Europe? Okay, so let's see if EU is the enemy or not, because I think China's on that list. Let's see this one here. So Ford sold roughly 426,000 units, reflecting 17% decline in 2023. The decrease reduced Ford market share in 27. 3.3 decline is due to discontinuation of popular models like the Fiesta and Focus. Okay, so now go. Let's go look at how many BMWs Europe sells in the U.S. how many BMWs Europe sells In the U.S. okay, good one. So if we see this now because it validates how great of a customer we are. So go to. There you go. 371,000. They sell in the US making a two and a half percent increase.
Benny Johnson
Mercedes.
Pat
Those are the models. Let's type in Mercedes as well.
Vinny
Volkswagen.
Pat
Okay, Type in the same exact question. Mercedes. Yeah, let's see. Mercedes. And then look at this here. Let's look at this here. Okay, so about the Same exact number. 374,000 is what they sold. Okay, what is the total population in eu? Total population in eu Tom, do you have an idea?
Tom
I thought we were about so worth 350. And depending on where you draw the line when you get to Poland and Ukraine. So they got 100 million, 449.
Pat
Yeah, so they got 100 million more. So for 100 million more with what, what we're selling to them, what they're selling to us, the products that they have. I don't, I don't know if to me everything that they're doing right now. This is going to sound very weird out of all these tariffs that he's doing, he's putting down. It's really sometimes unfortunately you, you, you have a team of 100 sales guys and you have one guy, that's the guy that's the biggest pain on the butt for the company to advance. But sometimes you shake things up in a company with a policy to wake this one person up and then for everybody to get aligned on the same page and then for that person to come in, say, you know what? I agree with what you're saying. I think this one person is who. It's China. Okay? You understand what I'm saying? So they hold China's the one here. They're doing all of this stuff strictly for China. Don't you think, Tom? Like, all of this stuff is purely for one enemy.
Tom
Absolutely. If you want to talk about cars, EU got caught with its pants down because it was kissing up and being nice to BYD, because that's a Chinese EV's. And guess what? They found out that they were put. That they were putting a factory in Hungary and they were hyper subsidizing it and getting ready to destroy Renault and Nissan, which are partners in you with the pricing of their EVs. So EU suddenly is now investigating BYD for basically hyper subsidizing it. And all of this goodness for China they're doing, it's biting them. It's absolutely biting them. You can look it up there. You got this. Byd, Hungary, and then EU investigation. This is significant. And they're like, wait, what? What are you doing? Yeah, it happened right under your nose. You're so correct. This is all about China and what they're doing everywhere. And Europe let them in the door. Wasn't tough with them the way we're. And now look, see, they get stabbed right in the back.
Pat
So then Trump comes out, says 84% tariffs. I'm sorry, China says 84% tariffs on US goods. Then Trump comes back and says 125% tariffs on US goods and a 90 day break on tariff negotiation for the 75. So countries that were, you know, working and willing and wanting to do stuff.
Tom
So that a phone call said, we'll talk.
Pat
That's right, we'll talk. Is this it, Rob?
Tom
This is Caroline Levitt announcing that yesterday.
Pat
Go for it. Play this clip. Tariff on China. The tariff on China will now go up to 125% because China imprudently decided to retaliate against the United States. And as I said at the podium yesterday, when you punch at the United States of America, President Trump is going to punch back harder. In that same vein, we have had more than 75 countries from around the world reach out to President Trump and his team here at the White House to negotiate better trade deals for the American worker. We have been overwhelmed with the amount of requests from countries around the world. I'll let the Secretary Speak to that. We will continue with the tailor made negotiations that I spoke about yesterday. In the meantime, there will be a 90 day pause on the reciprocal tariffs as these negotiations are ongoing and the tariff level will be brought down to a universal 10% tariff. The Secretary here has been a huge part of the President's trade team, of course, and will continue to lead these negotiations moving forward to look out for the American worker, which is always President Trump's goal. So I'll kick it over to our.
Tom
Great Treasury Secretary, Scott Bassett.
Pat
Okay, so that announcement alone drop caused the market to go up 2900 yesterday. If you look at the stock market right now, it's down. 935 is where Dow is right now. If you look at the Dow right now, it's 935. Adam, where are you at with this? With the announcement yesterday that they put a pause and then today markets dialed down, down a thou, Specifically the Dow. What are your thoughts on this?
Vinny
Am I the only one that is so confused of what's even going on right now? Everyone, like, I'm in group text messages with my friends. One does business in China, he's freaking out. Another one's a financial advisor, another one's a MAGA extremist. And I'm just watching the chaos ensue and nobody knows what's going on. I was watching the, the Office recently. Do you remember that? You guys watch the Office?
Adam
Yeah.
Vinny
So do you remember, like one of the most famous episodes was the fire alarm episode?
Pat
Yes.
Benny Johnson
That's good.
Vinny
Okay, so Dwight Schrute, like, casually starts a fire. Michael Scott, who's basically Trump of the Office, just, yeah, fire and just. Okay, it's happening. Everyone for themselves. Everyone's freaking out. A lady tries to go through the roof, throws her cat through the roof. Fat guy takes a chair, throws it to the vending machine. He's still in all the food. The black guy just literally faints, almost dies. All this chaos, smoke, craziness, everyone. Then he, all of a sudden, Dwight blows the fire alarm, goes, yeah, just kidding, guys. This was all just a test. This was all a test to see how everyone reacts. And that's what I feel is going on right now. Trump threw all this chaos to the marketplace. And then yesterday, after the, the market's getting pummeled. Pummeled, pummeled, Pulls the alarm. All right, no, no reciprocal tariffs. Everything's off. All a test. 10% across the board. Market comes back and has its best day in decades, possibly ever. And I'm just looking, I'm like What kind of chaos candidate is happening? I think. I feel like I'm living in the office right now. So anyone out there who can basically say, oh, I know exactly what's going on right now? Nobody knows. Nobody knows. Trump. What are the chances that Trump actually planned on basically, like, nah, my bad. Reverse of tariffs. Do you think that was his plan all along? I'm trying to keep up. I feel like we're all trying to keep up. What I do know is this. Something needed to be done about China. Yeah, something needed to be done. So to sit back and just take it on the chin. They're stealing our stuff, all our ip. They're playing, not playing by the rules. You're seeing these clips come out. This is like, video never lies. Chuck Schumer's giving speeches. We gotta deal with China 20 years ago. All of a sudden he's reverse course on that. So everything's kind of playing out. Chaos is ensuing. As Pat always says, brace for impact, stack cash in the meantime.
Adam
Listen, I'm not in the finance world. Turf terrorists. I don't know what. Listen, all I know is it's been less than many months. Has Trump been. In two months? Been three months, Almost three months. Let him cook. Let him do what the hell he's going to do. It drives me crazy. Two people that act like they know what's going on. People like. One of my friends was like, dude, did you hear about the. What the hell did you do? Reciprocal, bro. You have no idea what that word even means. You live with your mother. Shut the hell up.
Vinny
Let.
Benny Johnson
I'm.
Adam
I'm being dead serious. Let him do what he's going to do. Benny, I've said this analogy before. The country has had a dislocated shoulder. Trump came in, pulled his shoulder back. Everybody relax. It's going to be sore for a little while. It's going to be a little up and down. But, Pat, you made a great point. It's China. At the end of the day, I'm not even going to get into the list of all the crap that they've been doing. Stealing, Covid, you name it. That's the enemy. He knows who it is. And this time, he has the ammunition. He has. He doesn't have Russia, collusion or all this crap happening behind him. He's focused. He knows what he's doing. People need to relax and just let his ass cook, Period.
Vinny
Let me just respond with one thing. For those of us that are out there just rooting against Trump and rooting against the tariffs, you're not being patriotic. You're actually just against American workers and American companies and genuinely America. Like, you're not. If you're like, I want this to fail, you're not exactly very patriotic. At the same time, if you're just sort of blindly following Trump, he can do no wrong. Don't question anything. You're also kind of not patriotic. You're just drinking the Kool Aid. So I think it's totally fair to criticize, to critique, but also root for victory here because, again, there's chaos ensuing right now. I don't know. I mean, Pat, I would love to hear what you have to say. Is there an actual plan here? Because the plan just kind of keeps shifting. I think the general idea of what he's doing makes sense, but the actual implementation is causing chaos in the marketplace.
Pat
I think you're looking at it in a very different way. Let me give you my perspective. So Cramer actually has got an interesting point here. Cnbc. Four lessons he's sharing from Trump's turmoil. Nobody ever made a dime. Panikin. Bulls make money, bears make money, pigs get slaughtered. The president likes drama. You won't get certainty. And don't bet against good companies. Let's go to number three. How many years of watching Trump do we have so far?
Benny Johnson
Decade? 50.
Pat
50 years of watching Trump. 50 what. What do we know about his resume?
Benny Johnson
So this would be my point. This would be my point to all this. Like, it's chaos. We didn't know.
Pat
Oh, my God.
Benny Johnson
Fire drill. You haven't been paying attention because Dwight's been trying to set the fire for 50 years. Dwight's been sitting there with a cigarette because he lights it with a cigarette. He's been sitting there for 50 years lighting that cigarette, putting it in the trash. Donald Trump, you can go back to 70s Donald Trump sitting there in his earliest interviews. The guy's maybe 20, late 20s, and he's sitting there and he's going, these companies, they're ripping us off, and it's terrible. And we got to do something about it. And we should put up tariffs. And they're just, they're abusing us. We played clip after clip after clip. You can find so many of them. One's great, one with Roger Ailes. One of the first Fox News interviews was Donald Trump and Roger Ailes. And they're sitting here in this, like, golf course, and Trump's just going off in 1995, and he's just going off on Japan at the time because China wasn't in the World Trade organization. But it was, it was Japan at the time. And he's like, they're ripping us off. And he's talking about Japanese vehicles and saying, why are we so weak? Why are we such pussies? And why can't we tear off Japanese vehicles back. And all you have to do is then reapply that to China entering the World Trade Organization. That has rules. There's rules. We let them into the WTO. They've never followed the rules. They've only ever stolen IPs. If you have buddies that do business in China, every one of them will tell you that. The number one enthusiast thing that will happen if you bring an innovation to China and manufacture it, there is 100 different version of your product will pop up on Temu and Amazon the next day. They'll steal it, they'll rip you off. And you have no grounds in Chinese courts to file for patents. You're screwed. You're completely effed as an American innovator. They are thieves. They're a technocracy that the World Economic Forum has created as the new superstate to take down Western civilization. They are an absolute abomination and they're a total and complete dictatorship. Closed society. So what's the actual, what's the actual end goal here? I think the destruction of globalism. China is the model super state for what they wanted to bring to the rest of the world. China was the laboratory. They cooked in that laboratory to bring a technocracy, dictatorship, single party rule, where all of us are slaves, every one of us is slaves. Western civilization is gone, religion is gone, free markets gone. And we have this new overlords. It's exporting slavery to the rest of the world. And China was the first laboratory. They needed it to work so they could bring that model out. And you've seen that model actually start popping up little places. And Trump is slamming that model's head against the locker, putting it down. And that's I think what is actually happening here. The destruction of the horrific future they had planned for all of us. The COVID level lockdowns, all of us living in these little pods and boxes and eating the bugs. That's what they had planned. China's it. And they want to destroy that right now. Final thing I'll say to your allegory of the office. Let's say you had a business and you were able to actually see who was betting against the business. You have a bunch of employees. There are 187 countries in the world. You have 187 employees and you're able to actually open up the trades and see who's shorting your company, your publicly traded company, you're able to open up the trades and then they're not anonymous and see who's betting on the company, what employees are taking like the five, ten bucks they have a month and like betting that your company will succeed and like putting that in, driving that into the stock and driving that equity into your security. And which employees are saying, I'm going to screw this company over. I'm going to make a fortune with this. When this company goes down and they're working inside your company, that's the World Trade Organization. China's that employee. They're betting against us who run the global economy. And Trump turned the lights on. Trump was able to reveal who was shorting the American market and it was China. And he caught him dead to rights with their dick in their hands.
Pat
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Tom
I love what you just said. Day before yesterday on podcast, I talked about the young Nancy Pelosi in her big chart on China and she went down like seven points. You know what I'm talking about?
Vinny
Yeah.
Tom
And she's in like, I think a green dress. She looks quite young and saying, what's up? You're a hypocrite. She's not a hypocrite. At that moment, she was not bought into the globalist agenda. And when she bought into the globalist agenda, she bought into China. And when she bought into China, she bought into defending China in the name of the globalist agenda. And that's when she became not a Democrat of history. Supporting unions, public school teachers and all of that. Where she started, that's when she changed and she became actually not pro America, pro globalist, and supporting the militarized weaponry. And I love the way that you just described this as the working lab and the test. It was their atomic bomb that was being built over there to detonate and destroy Western civilization. And now you see what happened to Nancy Pelosi. She's a hypocrite. She's not a hypocrite. She changed her mind and selected a globalist future. It's the same thing that, you know, people who come to grips with their alcoholism say, you know, you know, I've now, you know, rekindled the Judaism, Christianity, Catholicism of my youth and my family. And this, this faith is going to help get me through my alcoholism. She had a religious conversion to globalism. That's what happened. I don't think it's hypocrisy. I think it's exactly what you're talking about.
Pat
By the way, Rob, if you have. So that was an incredible point that you made, Benny. To me, it's very simple. First you have to look at a few things. The knowns. There's a knowns. And the unknowns. Anytime you're trying to make a big decision, you have to know whatever problem you're trying to solve. He explains something about knowing who's shorting your company. One day. I'm looking at. Every week I'm giving 200 appointments away to my insurance agents. I'll never forget this, Tom, you love this story. Every week on Tuesday night and Monday night, I'm giving appointments away and my guys are going and writing the business. And I'm trying to find out why some are writing, why some are not writing. I asked one of my guys, can you run a ratio of how many appointments I've given to these people and who's closed? He gives me the ratio. One of my guys, I had given 40 appointments to this many closes. So then I'm like, how is this person not closing? This person's a very good communicator. This person's solid at what they do. But how are they not selling anybody? That doesn't make any sense to me. So I said, here's what I want you to do. I want you to run down and see which one of our guys has an insurance policy and who's actively paying into it, that they believe in the product. You understand what just happened right there? So he Brings me back the report. The one that was selling with the highest closing ratio has had a policy, multiple of them, pays into it, believes in the product, has it for himself, has it for his family. Great. The person that 40 appointments being given hasn't closed a single one, hasn't paid money into their policy for a year and a half. She hadn't done that. And then I sit in the meeting and this is how the meeting starts. It's in my office in Northridge. And I say, okay, guys, how much you guys believe in what we do? Oh my God. Oh, really? Awesome. Tell me what. And I'm going through. So first I go to the guy that I know, pays actively. I said, tell me why you believe in it. Well, you kidding me? My mother this, my dad this, and da, da, da, da. I said, great, how about you? And I go specifically to the person that doesn't have it. I said, so why do you believe in it? Are you. Oh my God. I said, if you believe in it. I want to tell you guys what I have here, okay? I said, I have everyone's numbers here on who's paid into the premium and who has not and for how many months. Would you like me to share with you the names within a second? First person that says, no, no, no, I don't think it's appropriate. I said, I agree, so I won't. So I went like this. I put it here. I said, but now I know why some of you don't sell any insurance and some of you do. If you don't believe in the product, go sell something you believe in. And if you want to sell this product, spend the next two, four weeks doing whatever you can to believe in a product. If you need to sit down with me to help you persuade you into how to product course, if I can do it, go sell something else. But you got to figure something out. That person came to me straight up conversation with her. She today makes $800,000 a year because she finally bought in some of the guys that didn't left. It was good to go. The point you just made was beautiful. Here's the knowns. China is betting against the U.S. the knowns are they are bullying our business owners, they're bullying our talent, they're bullying our engineers, and they're bullying their own people. Their own people want to leave. They have a negative net migration right now. So the knowns are China is not a friend of the U.S. okay? China would do anything they can to have control. They've said it made in USA 2025. It's here right now. We've been talking about this for six years. Made in 2025 is officially here. It's 2025 and they're not where they want it to be. What are the knowns? Do we have How Trump negotiates it is the way he is. He likes to steer the pot, he likes to go challenge, he likes to push the envelope, he likes pushing buttons, he likes doing that. He's been doing that for his entire life. The knowns are the knowns. We see how a couple of our neighbors, Mexico and Canada, how they handle certain things, how they all of a sudden are like, whoa, we got to figure something out. There are so many knowns that we have. What are the unknowns? Some of the unknowns was the market. It's going to happen with bonds. Money goes from stock market to bonds. What happens with interest rates? What happens with, hey, what if we lowered interest rate right now? The gap between a 30 year fixed and the federal rate right now, Tom, I think the gap between two is around two and a half percent. You know, you kind of want it to be around 1 1/2% to 2% right now. The banks don't even trust what's going to happen with rates. So they're like, ah, we're not going to give that much of a discount. So even if they lower the rates, they're not lowering their own mortgage rates. That's their way of saying, look man, we have no clue what the hell is going on. We're not going to give you to do. We're not passing that discount over to you because it could change in the next six to 12 months. So that's the unknown, but the known we do. By the way, Kevin O'Leary said the following. Rob, if you can play this clip, and I want to get your thoughts on this, Benny, and then Adam, I'm coming to you right afterwards. Go for it.
Tom
104% tariffs in China are not enough. I'm advocating 400%.
Adam
I do business in China.
Tom
They don't play by the rules.
Pat
They've been in the WTO for decades.
Tom
They have never abided by any of.
Pat
The rules they agreed to when they.
Adam
Came in for decades.
Tom
They cheat, they steal, they steal ip. I can't litigate in their courts. They take product technology, they steal it, they manufacture it, sell it back here.
Pat
Never has an administrative 400% tariffs.
Adam
I want she on an airplane to.
Tom
Washington to level the playing field. This is not about tariffs anymore. Nobody has taken on China yet. Not The Europeans, no administration for decades. As someone who actually does business there, I've had enough. I speak for millions of Americans who.
Adam
Have IP that have been stolen by the Chinese. I have none of them own any business.
Benny Johnson
None of them have ever started any. None of those people anyone. Art and tech to the world.
Tom
The government cheats and steals.
Adam
And finally, an administration may not like Trump.
Tom
You may not like his style or his rhetoric.
Benny Johnson
Finally, an administration that puts up and says, Enough.
Adam
400% tariffs.
Tom
Tomorrow morning, he'll tell you why. She can only stay the Supreme Leader.
Pat
If people are employed.
Tom
If we wipe out any business there.
Adam
Because we are still 39% of all.
Tom
Consumables on Earth and 25% of the world's GDP. America is the number one economy on.
Pat
Earth with all the cards.
Tom
We will not have that forever. It's time to squeeze Chinese heads into the wall now.
Pat
I hear you, but hold on. If we're talking about people, the average consumer, not necessarily the head honchos of businesses all across the globe, can they. Your thoughts?
Benny Johnson
I love the. Squeeze the head into the wall. I love it. And she's going to go, well, what about the average consumer? You know, a couple of things here. One, the allegory that is being used across social media is that everybody is waiting for our guy, for our bully, for dad to come home. China's a bully. China's been a complete asshole to everybody in the world. There's a very famous clip. Please help me here. Donald Trump, don't trust China. China is asshole. There's a very famous trip. It's one of the most famous clips out there. It's. It's great. And it's a. It's a prophet. This man was a prophet. He's a Taiwanese dude standing in the street saying, China is asshole.
Adam
Donald Trump, I just saw this this morning, too. China, we need independence.
Tom
Yeah, and what's it.
Adam
What's your message to.
Tom
Have you seen Donald Trump?
Pat
Do you think he should step in?
Adam
Donald Trump, don't trust China. China is.
Benny Johnson
Can we. Can we do it together? Can we just get one. Can we get the wide shot here? Can we just do it together? 3, 3, 2, 1. China is asshole. There's.
Pat
Oh, my God.
Benny Johnson
What sign listened to this guy and said, and what do you want? Right? What do you want in every 80s movie? What do you want in Back to the Future? What you want? The apex of Back to the Future, the climax of Back to the Future is when George McFly finally takes that shaky fist and punches Biff in the Effing face and bloodies his nose. And Biff is crying and he wins the girl. That's right. The chicks fall in his lap. He gets in the DeLorean and rips it, you know, it's awesome. It's like the American economy now. The American economy. Everyone's waiting for George McFly, Trump to just punch China in the face, right? And to get red China red in the face, blood dripping, and say, like, you know what? You've been such a jackass to everybody on Earth and nobody likes you and nobody wants to be you. We know what's cooking here inside of this dirty little laboratory for the World Economic Forum. We don't want your techno slavery. And we are going to knock you down. And that's what President Trump's doing. And that's going to be wildly popular.
Vinny
Adam Love, Back to the Future. Are you freaking kidding me? Make like a tree and leaf, George McFarlane. Get out of here, dude. Anytime you can get a. Get a Back to the Future reference, forget about it. And the best, the best scene was the. The electricity on the roof. The whole thing gets back to the future.
Benny Johnson
Yeah.
Vinny
Well, speaking of Back to the Future, if we could go Back to the 80s, remember one thing. Who made China? You had a great conversation with Richard Werner yesterday, the economist. And who would China be without us? You know, when Trump gave that speech with the tariffs, look at this beautiful map. Look at this graph. He laid out all the countries and the reciprocal tariffs. And he, you know, you notice that he said, you know, sometimes our allies, they rip us off more than our enemies. But you know what? I would do the same thing. But you know who I blame? Who did he blame? And he started pointing at the Oval Office. He goes, our former presidents and our. And our leaders, they're to blame.
Benny Johnson
Yes.
Vinny
And the buck stops here. So the conversation you have with Werner is like, how did, how did China even get all this power? Didn't USA give them the blessing to enter the. The World Trade Organization? Whether it's nafta, whether it's tft, Our, our leaders, our government officials have sold America basically downriver, and now we're paying the price. And Trump, like you said, is being the George McFly to Biff and saying, we're going to punch you back.
Benny Johnson
Yes.
Vinny
So they lie, they cheat, they steal, and someone needs to do it. So the only analogy that I'll give is like, how ungrateful. If you make someone, if you basically allow someone to become or a country to get to this position, for them to basically Be like, rooting against us. It makes no sense. It's kind of like. It's a weird example, but you see what Kanye is doing to Jay Z these days. Kanye was nobody before Jay Z signed him to Rockefeller. He gave him this amazing position. He signed him, puts him in this thing. And now Kanye is just literally, they put a thing called Watch the throne. Now Kanye is trying to be the person, or did try to be someone who. To wear the throne, but heavy is the head that wears the crown. You know, One more reference is Dr. Dre, when he would go, I started this gangster. This is a mother. Thanks. I get America started China. And this is the thanks we get. And this is where I'm at.
Pat
But just a few minutes ago, you were a little bit confused where you said you didn't know what was going on.
Vinny
Well, nobody knows what's going on. So if you want to take a macro position and say, all right, with Trump, yeah. Expect the unexpected. I agree.
Pat
Yeah, that's it.
Vinny
But you also don't know what to expect.
Pat
No, no. For sure. Yeah. So that's my.
Vinny
That's what.
Pat
I understand what you're saying. Yeah. I got what you're trying to say. Because to me, a part of what's going on right now is like, yesterday I had Richard Werner on here, okay. And I don't know if you know who Richard Werner is. He is the father of quantitative easing. He's the guy that came up with quantitative easing. This is the guy. So this is the second podcast we did with him. It's a kind of a podcast that guys like me love, but it's like, all numbers, and it's all like, economy and stuff like that. Right. He said something very interesting. He said, back in the days, rob, if you can pull up the leader that they had. Deng. Deng Xiaoping is his name. I hope I said it right. So this is the guy.
Vinny
So you think you did a great job.
Pat
So him in 1978, China is in the shits. Nothing is going on, okay? They have a lot of trouble. He goes and meets with Japan, their enemy. He meets with Japan, the enemy. He goes and meets with Japan's leader, the enemy. And they have some, what, drinks? He said, not sake. What did he say? That's some drinks together. And while they did. During the dinner, this is a. He said saki, okay? During the dinner, you know what ends up happening? He asks him. He says, look, I need your help. How were you guys able to grow your economy 15% back to back to back where your size of your GDP doubled four times over a span of a couple decades. How did you guys do this? And finally Japan, after it was done, they shared with them. They said, how many banks do you have? He says, we have one central bank. He says, no, how many banks do you have? Is I just told you we have one bank. He says, it'll never happen. He said, what do you mean? He said, you need 5,000 banks and 5 million loan officers taking 35 applications of business owners on a weekly basis. He says, how many? He says, you need 5,000 banks, 5 million loan officers taking 35 applications a week of small business owners coming in. He says, you're kidding me. He says, no, if you don't do that, it's not going to happen. He goes back, that's exactly what they do. China then starts having different banks. They start competing with banks, they start having the loan officer. Small business starts taking off. China's economy goes up. This guy said, let's set aside our communistic history and all this other stuff. Keep in mind in 1971 is the first time that a US president went to China for the first time ever, and it was Nixon, hadn't happened for 25 years. So he comes and he goes to Japan, has that conversation. He leaves China, takes off. The next thing I did yesterday is I wanted to find out what Xi thinks about him. Because what Richard said is the US has to have a conversation with China to have it be a conversation like this. Let's find a way to make this work. Well, if you look up, Rob, go to ChatGPT and type in what. What Xi Changping thinks about Deng Xiaoping. And when you type this in, because a part of it has to be like, who's your hero? Do you look up to that guy? Is that somebody you admire? If you do, then the president and his and his team can think about how to approach China. This is what you'll see. Xi frequently credits him in a speech calling him the greatest Marxist. He acknowledged him, but also at the same time, he has positioned himself away from him. Rob, if you can go a little bit higher, the camera's covering it. He said good things. But Xi views himself distancing himself from Deng in the last few years because he wants to go back to more, to control the control of what's going on the way it was with China, the Communistic party right there. It doesn't matter what a black cat, what a cat is, black or white, as long as it catches mice. Pragmatism over ideology. That's Deng Here's Xi reinforced the role of Communist party in every part of society and business. He cracked down on private enterprise, reintroducing ideological control. So Xi is not dank. But you know what he said? That was even scarier than that. Rob, can you pull up the following? Pull up the numbers that he showed yesterday. The number of banks in America. Watch this here.
Adam
Vinny, how many banks we have here?
Pat
Okay, before you even pull it up, Rob, go to the chart before you pull it up. Let me just kind of tell these guys, don't pull it up yet. How many banks do you think we have in America today? This episode is brought to you by Amazon Business.
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But can I really get in the.
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Ish.
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Vinny
I mean, how many banks, branches or types of banks?
Pat
Total banks. How many total banks?
Adam
Building.
Pat
Yeah. How many banks do you have in America today?
Vinny
10,000.
Pat
It's 4,000 today. Okay, you ready? What do you think is the peak? 4,588 banks today. What do you think is the peak of the most banks we had in America?
Adam
10,000.
Pat
Go back to it, Rob. Can you pull up the most banks we had in America, what the year was? We had 14,000 banks. No, that's not the year. It's previous to that. If you remember right there, the peak we hit, look at the 70s, 80s, 14,000 banks, and it dropped to 4,000 banks today. 4,500 banks today. You know, 56% of all the business that's done is done with the main banks. JPMorgan Chase, Wells Fargo, B of A. The main ones that you see too big. So the problem is we're kind of working backwards. Yeah. We're not having these small banks that are given 50,000, $25,000 loans, $100,000 loans. So if Trump is really looking at this whole thing in what's going on, this may be part one, part two, maybe. Hey, stop making it so difficult to start a damn bank. Chamath was on Schultz's podcast talking about the fact that they were starting a business to sell batteries in America. And he says how it took them. It's actually very good clip. So it's a long clip, seven minutes, so we don't need to play it. But I'll tell you what he said. They try to. This young kid comes to Shamad and says, hey, we need to build a battery company in America. Let me show you the idea. He shows it to him. And Shamat says, well, let's do it. So they go through the process. It takes them almost a year, year and a half to get this done. He'll give it a timeline, and they end up getting $100 million from the, from the government to do this, he says, we need billions. Then he says, letitia James goes under Biden and asks for some money. Within 30 days, he gets approved for $2 billion. He says, we're gonna do something good for America. Took us a year on all this stuff. Bureaucratic processes that we have to go through to get to 100 million. She got $2 billion within 30, 60 days. So this is the part that regulation we need to continue deregulating to allow the small business owner to be getting that 25, $50,000 to see what they can build with. That's another problem that we're going to be facing. So, yes, China, yes, all this other stuff, we have to kind of look at some of the stuff that maybe in the future this number needs to go back up to around 10,000.
Vinny
Is it deregulation or is it just monopolies? Because I'm so glad that we pointed this thing out because we've lost, what, 70% of banks since the 70s. But you start to hear all the mom and pop stories that are closing. So whether it's retail and it's Walmart and Amazon, whether it's, you know, pharmaceuticals and it's just Walgreens, cvs, Duane Reade, whether it's, you know, electronics, it's just Best Buy and who else? I don't even know, you know, Radio Shack closed. There's less choices and it's just more monopolies and all these big companies are just taking over. The mom and pop companies no longer exist. Is that sort of what the analogy is with the banks?
Pat
Yeah, because like the way he was describing it, banks want to be able to give a billion dollar loan, 200 million dollar loan to a big company. They don't want to give a fifty thousand dollar loans take the same amount of time. I would much rather give a billion dollar loan and go sell it off to the third party. Then have to come and deal with somebody that's a small business owner for $25,000. How many of those $25,000 do I need to do to be equate? Look, a hundred thousand dollar loan for billion. How long does 100,000 take to get a billion? That's a lot of them. So but the small bank, that's a local bank, that somebody is putting up $30 million, they will give that $25,000. They will do that $50,000. The bigger banks are like we're not interested in that. Stop it. Go to somebody else with our minimum is 5 million, our minimum is 20 million.
Vinny
The challenge is, if you remember 2008, everything that happened during the Great Recession, these banks were all bailed out because they were too big to fail. That was the whole thing with Glass, Steagall and Exactly. Was it Barney Frank?
Tom
Well, this chart moves because of the SNL crisis that was in America that started in the 80s, the savings. Yeah. There was a thousand, 16%. A thousand banks failed in less than three years when it started because they took more riskier positions on lending, you know, out of greed to get more business. And then the interest rates move and things change and there it is, SNL crisis. Yep.
Vinny
But shouldn't these banks fail? Isn't that sort of the point? They should, but if, you know, let them fail.
Tom
Yeah, but just like after the mortgage, you know, crisis of OA and NINA loans and things which were dumb. Had there been simple regulation on liquidity. Right. That you can. That would have led to people not doing Nina loans. Then SNL crisis wouldn't happen and we would still have all the small snls and the thrifts that were out there. But they blame the economy, but it was also the way they were operating and they wanted more business. And just like 2008.
Vinny
Yeah.
Tom
It's like history keeps repeating itself.
Vinny
What's funny is you brought up Chamath. I think what the first thing that I remember made Chamath famous was during 2020 when he talked about the airlines that were doing basically what? Buybacks, stock buybacks. And he was being interviewed and he goes, what do you think should happen to the banks? He goes, let them fail. Let them fail. Why do we keep buying bailing these people out? Do you remember that? And people are like what do you mean let them fail. But you know, zombie companies, companies that don't basically manage their P L, they should fail. That's why I'm so against the wnba. Anyway, that's another story.
Pat
Let me go to the next one here. Jamie Dimon says recession is likely outcome with Trump's tariff turmoil. Rob, if you have that clip, Jamie Dimon comes out and is officially, officially using the R word. Recession being there. Do you have it, Rob?
Benny Johnson
I do.
Pat
Let me read this to you. If you don't. Okay, there you go. Go for it.
Tom
And then how it affects consumer sentiment.
Vinny
Sorry.
Benny Johnson
Personally expect a recession.
Vinny
I am going to defer to my.
Tom
Comments at this point, but I think.
Benny Johnson
Probably that's a likely outcome because markets, I mean, when you see a 2,000, thousand decline, 2,000 point decline, it sort.
Adam
Of feeds on itself, doesn't it?
Pat
Because it makes you feel like you're losing money in your 401k, you're losing.
Benny Johnson
Money in your pension.
Pat
You got to cut back.
Tom
Yeah. I always remind people, markets aren't always.
Vinny
Right, but sometimes they are right.
Tom
I think this time they are right because they're just pricing uncertainty, the macro level and uncertainty of the micro level.
Pat
At the actual company level.
Tom
And then how it affects consumer sentiment.
Vinny
It'S hard to tell, you know, because consumers still have jobs, wages are going up the low end, which I think.
Pat
Is a good thing.
Vinny
But if companies start cutting back.
Tom
Yeah, the consumer sentiment changes and business sentiment changes. I think you've already seen business sentiment change a little bit. Hopefully, you know, no one's wishing for that, but you know, hopefully if there is one, it'll be short. But I do think fixing these tariff issues and traders would be a good.
Pat
Thing to do any recession.
Benny Johnson
So two, let's, let's get the terms right. So two consecutive quarters of negative GDP growth. Yeah. Recession. All right.
Pat
Under Trump, that's the definition. Under Biden, it's not.
Benny Johnson
Yeah, that's because that happened. That happened under Biden. Yeah, that happened. And there's a lot of this stuff that happened under Biden. Obviously you have these self made billionaires that are in charge of the country and I would say, and I just want to give a shout out, I don't know them, I've never met them, but the person who has become a rock star in all of this is Scott Bessett. Man, that guy is impressive. And everybody is now hanging on his every word. I've never seen a Treasury secretary command so much power and also have such clarity. He spoke to the Banks and we talked about banks. And then I want to get back to the recession point. He spoke to the banks just yesterday and Scott Bessett is sitting there giving a talk to all of the large American banks and is just a point that you made about large banks and conglomeration with financial services. And he said, your days are over. You had a great run. Now it's time for Main Street. Like we're done with Wall Street. Now it's time for Main Street. The balls on this guy. To stare down the banks. Right here, this clip. To stare down the banks and say, this administration is not about you. We ran for the working man and now it's time to serve them. I don't know how long this clip is, but 27 seconds. Let's have a listen. For too long, financial policy has served.
Pat
Large financial institutions at the expense of smaller ones.
Benny Johnson
No more.
Pat
No more. That takes a lot of guess to say this administration aims to give all banks the chance to succeed, whether it's.
Benny Johnson
JP Morgan or your local mortgage and loan.
Pat
It aims to get capital to Americans who need it by getting bureaucracy out of the way for too long.
Benny Johnson
PBD is exactly what you just talked about. And it, you know, people.
Pat
This was yesterday. When was that robust?
Benny Johnson
This was yesterday. Yesterday. National Bankers association, funded by the big banks created wholesale by corporate banks. And so to be able to have the temerity to go in and say that. And then also his background is so impressive and I cannot believe I'm doing this. Please don't come for me in the comment, in the chat. Please chat, don't come for me over this. But I'm telling you like I can. When you go into his background and see that he worked with George Soros. He worked. Scott Bassett worked with George Soros as his chief risk manager when he collapsed the British pound. When George Soros did a strategic collapse of the British government doing it through. Hear me out on this. A overinflated stock market in the uk, over overvalued currency in the uk, mass immigration that was disproportionate and making the culture wobbly. And an elite class that had sold out the working class, their country. That's what the UK was in the 90s. And he and Scott Bessett, our current Treasury Secretary with George Soros, swooped in and made a fortune that couldn't be spent in 100,000 lifetimes by betting against. By shorting the UK government in the pound. And they. This man saw the structural inefficiencies and the risks associated with this single greatest financial coup in world history, arguably what made George Soros famous. I'm only saying that to say this Trump is a genius man for. For. For bringing this guy on, for ignoring the fact that he's friends with Soros, bringing this guy on to work out these structural inefficiencies in our country so that this can't happen to us. And that's what I believe is actually happening here. Will it lead to a recession? I don't know. I'll leave that for people with much higher IQs. I went to community college, but did. But. But is Scott Bessett on a warpath to create a wall around our home? And I like using the home analogy, the metaphor. I'm sorry, it's going to get old, but Scott Bessett is out there to reinforce against someone like Soros doing that to the American dollar and the American economy. I am 100% in favor of that. Yes, there will be pain. Yes, you'll have to exercise some demons. These are the kind of things that happen when you have a. When you have demonic possession, which is what the country has right now. When you have things that are really bad and wrong with the country, you're going to have to exercise them out. But that's what Scott Bessett is doing. And if you understand the full picture of what's happening there as he's trying to reinforce, to protect against what he did to the uk, he's doing that for us. That's amazing.
Pat
Very interesting. I didn't know that. By the way. Tom, your thoughts? Recession.
Tom
So, recession. You heard what he was talking about. Jimmy Damon was talking about sentiment. So he says the sentiment of the consumer. Sentiment. He said it three times. Why? Because if the consumer gets worried and you're worried about tomorrow, then you don't buy incremental things that you might think are luxuries you save. If you're worried about what's gonna happen tomorrow, maybe you, you know, honey, we were gonna take a trip and we were gonna go to Orlando, and we were gonna go to all the theme parks and everything. What if we go to the Grand Canyon and go to national parks and do some things like that this summer with the kids, do something fun. But let's not spend three grand. Let's spend twelve hundred bucks, and let's save the rest of it? This is not fiction. These are the decisions that a populist that looks at all this, because most Americans are not in the stock market, and they think the stock market's the economy because that's what comes screaming out of the news at them. The stock market is not the economy. The economy is. Costco yesterday said it had a really good first quarter. That's the economy. The American consumer shopping at Costco. And so, and by the way, the market for, you know, an hour and a half is going to love the Costco earnings report. It's going to go up. And so, you know, that's. That's what it is. So what is a recession? Two quarters of negative GDP growth. That doesn't mean we're in the shitter. That means, excuse me, that means that the growth stops. Why does the growth stop? The sentiment stops. And then if corporate sentiment, which was mentioned by Jamie Dimon and consumer sentiment, or more conservative, hey, let's let all this tariff stuff sort out, then they buy less. That's what a recession is. It's not a depression and a collapse of all the mechanisms. It's merely 2/4 or 6 and a half quarters if it's the Biden math of negative GDP growth. And so I think Jamie Dimon could be correct, but I believe he's correct about one thing. At the end, if there is one, it will be brief because I think he's also looking and he said, I'm gonna leave it to my quants that the negotiation of all of these tariff things. Pat, where do you think it's gonna be in four months, six months? It's gonna be the food poisoning. We're gonna be out of the bathroom over our food poisoning and back at work.
Pat
Yeah, I mean, out of the bathroom, Tom.
Tom
No, I'm saying it's a pretty bad.
Pat
Case of food poisoning. I don't know what you ate.
Tom
I'm saying it's a bad visual.
Pat
But I'm saying those restaurants.
Tom
It's the tariffs. Think of it. Think of the tariffs as having a really bad cold and you're off work for a couple of days because it's bad cold. And now guess what? And you're going to be back. That's what the tariffs are. It's a medicine we have to take.
Benny Johnson
Can somebody explain to me why Joe Biden wasn't hit with the R word?
Vinny
Retard.
Tom
He was in this room. But that's the right question. Which one?
Vinny
Which R word?
Pat
Benny?
Tom
I just threw it.
Benny Johnson
I threw it out there.
Vinny
Recession.
Benny Johnson
So PBT just goes like the, the Biden recession. But that, that did not sink in.
Vinny
They changed the definition of that.
Pat
Okay.
Benny Johnson
And by the way, so what happened there?
Adam
Yeah, they change the definition while we were literally Live on the air.
Vinny
Well, I look at it a little bit, I look at it a little bit different because this is kind of the conversation I was having with Brandon the other day where he's like, you have to understand the macroeconomics and what happens with the quantitative easing. And then what happens is I was like, well, have you started investing yet? He's like, no. I'm like, why are you so worried about the world's economy? You should be worried about your own economy, like. And then he's like, well, you know, I'm just waiting on the time to buy the dip. I go, you probably want to buy today. And I go, because I've seen this markets go up and down all my life since I've been in this investing world. The next day, all time biggest increase in the stock market we've ever seen in our lifetime. It's like, did you buy it? He goes, no, I was waiting. I was like, you miss your chance. What's my point? I don't know if a recession's happening. You're saying that it might be four months, it might be six months. Consecutive quarters of negative gdp. We don't know. What we do know is what you can is control the controllable. So is Jamie Dimon, right? Hold on, Vinnie, I know you're a financial advisor.
Adam
Let me just. I know I'm ready to drop the ball.
Vinny
But the only economy that you should be focusing on is your economy right now. Make sure that you're doing what you need to do to keep your job. You know, be inflation proof, be recession proof, be good at what you do. You know, you know we talk about the Fear and Greed index, Rob, I sent you that. By the way, do you know the Fear Greed index that we've, we've mentioned this time? Do you know where it's at right now? Take a guess before you put it out. Happy? What you think people are happy?
Pat
I'm greedy.
Vinny
Okay, People are greedy.
Adam
Well, they should be.
Vinny
Go ahead, show it. Right now. People are an extreme fearful. And by the way, by the way, that's at an 8 right now. Do you know the all time low it's ever been? 2. That was during COVID on March 12, 2020. Do you know that two days ago what the number was? It was at a 3. So people in America very, very fearful right now. So what happens if you're fearful? By the way, if you're, you want to know what the highest greed ever was? I think it was in 2012 when the fear greed index hit about 90 is when it was. So what can you do to prepare for a potential recession? Get out of debt, save that money and invest the right way. So, Tom, you brought up a great point. Instead of maybe going to Mykonos this summer, going to Ibiza, maybe go to the Grand Canyon to go to Lake Michigan or something like that, instead of basically balling out, just go to Key West. There you go. Instead of balling out when you get your tax refund, maybe you pump that into a Roth ira. I don't know, maybe you don't get a new car right now. You just fix the old one. Brace for impact again because we might have a recession. But forget about what's going on in the macro economy. What's going on in your economy.
Adam
And you saw the consumer price over month to month actually drop. Rob, can you put. Rob, there's a video. And Tom has a chart that inflation cools that actually went down 0.1%. That's 9 11.
Tom
And Costco had a good quarter. Isn't that interesting? Some data and some facts.
Adam
No, Rob, I sent you the. I sent you a video on slide, a metaphor. It's the March Consumer Price Index. Went point, went to point 2.4.
Tom
I don't know, while we're waiting for that to come up, it might have been the text. The VIX today, the measure of voluntary volatility did not jump back up as people thought. It went up a little bit today, but it didn't jump back up. It's staying at 37, which is to Adam's point about the Fear and Greed Index. That's a sentiment. So the sentiment is actually calming on the market today. And people say that what's going on today is some profit taking because it's not America buying it, it's temperature.
Vinny
Have you looked at what the market is today? I have not looked. Where do you.
Adam
Take a guess? Where do you find it is today we saw it minus 800.
Pat
Okay.
Tom
S P135 down. So it's just 800 down.
Vinny
It's like a yo, yo. It's like a. Well, no, no.
Tom
But today it's. They say it's profit taking pressure and the VIX only move four points.
Adam
I concur with what Tom is saying.
Pat
Okay, let's go to the next story here. Next, next story here. One of the things I love about the team that we have here, our chief investment officer Vincent O'Shaughness crushes it. Like the amount of research his team comes up with is like, I appreciate what happens is you do so much legwork on the back end that when the podcast starts, he's just tired. He doesn't.
Adam
I'm going to give it.
Vinny
Researching inflation and the reciprocal tariff.
Pat
Credible. All right, let's go to some fun here. Trump and Obama's odds of winning the presidency if they faced off historic third term. Okay, this is like that heavyweight. This, this is Ilya Toporia against Islam. This is Jon Jones against Aspen. This is, this is a. This is a good fight here to see. And here's what Trump had to say about it. Rob, is there the odds here for me to read before I go to it?
Tom
I can find it while we play the video?
Pat
Yeah, go for it. Go for it.
Benny Johnson
If you were allowed for some reason.
Pat
To run for a third term, is.
Adam
There a thought that the Democrats could.
Benny Johnson
Try to run Barack Obama again against you?
Pat
I'd love that. That would be a good one. I'd like that.
Adam
No, people are asking me to run.
Pat
And there's a whole story about running.
Vinny
For a third term. I don't know.
Pat
I never looked into it. They do say there's a way you.
Adam
Can do it, but I don't know about that. But I have not looked into it.
Pat
I want to do a fantastic job.
Adam
We have four years, just about almost.
Pat
Close to four years.
Adam
It's time is flying, but it's still.
Benny Johnson
Close to four years.
Pat
And we're getting a lot of credit for having done a great job in.
Adam
The first almost 100 days.
Pat
And by the way, here's what the odds say. Let me read it to you. Trump's claim run against Barack Obama. Thom faces a tough reality as an Overton Insight survey of 1100 registered voters shows Obama leading 53 to 47%.
Benny Johnson
Okay, okay.
Pat
The poll reveals Obama dominating among independents with 59% and moderates with 61%, taking 10% off Trump's 2024 voters, while Trump only swipes 3% of Kamala Harris voters. No constitutional law currently allows Trump or Obama to run in 2028, but Representative Andy Ogles proposed amending the 22nd Amendment just three days ago into Trump's second term to permit Trump's a third term, excluding Obama for his consecutive prior terms. The amendment states, no person shall be elected to the office of the president more than three times nor be elected to additional terms after being elected to two consecutive terms. So there's two questions. One, who would win? Would you want to see it? And at the same time, would you like to see Trump being over there on for a third term? I'll Go to you first.
Benny Johnson
Trump's already beat Obama three times. So he already won in 2016. That was an Obama cutout. Remember, Joe Biden was like begging to run. Obama gave Hillary Clinton the crown and Trump romped. Then in 2020, Obama did ever. They did everything they possibly could to rig and to steal that from President Trump. And then in 2024, Obama went hard in the paint. All of this happening behind the scenes, cloak and dagger stuff, that was all Obama. The George Clooney op ed, it was all Obama. This Obama ran the whole, ran the White House. Does anybody really believe that Joe Biden was in charge of the White House? It was clearly Obama, the first president in our lifetime that moved down the street. No president has ever moved five blocks from the White House to a mansion in Colorama. Washington D.C. is where Barack Obama moved. So as he says on Stephen Colbert show, I can run the White House from my sweatpants with the phone with the earpiece in.
Pat
Yeah.
Benny Johnson
And what's the first thing you see when Joe Biden, when they're inaugurating Joe Biden at that dystopian, weird inauguration that nobody went to that the military had to protect, what's the first thing you see is Joe Biden like saying things as though he has an earpiece in. I'm telling you, man, Trump's already beat Obama three times and there's no way that you can convince me otherwise. This last time was a, was a seven state, seven swing state romp. With the popular vote, Barack Obama is cooked. And I'll give you one final piece of data to prove that. They have to bus people into Obama rallies. Obama can't draw the crowds anymore. You just got who can sell merch. I think it's, I think it's Andrew Schultz who said this. Like politics is who can sell merch, right? You got your merch. What is your merch move, bro. Right, that's it. Obama can't sell merch. Here's a perfect example of this. We got 40,000 people right now watching on YouTube. What would happen if Michelle Obama went live on YouTube? She got a little channel, same platform. I can show you. You can pull up Michelle Obama's YouTube channel right now and you will see views dozens like my, like Minecraft. Like 12 year old Minecraft started like 12 year old Minecraft kid like started a YouTube channel. It is really sad and it's with billions of dollars of free promotion from the corporate media, the ship has sailed. People are over. The Obamas, they're done with them. Michelle Obama's podcast is a perfect example of how people don't care anymore about them. They know that they're fraud.
Pat
Think.
Benny Johnson
Well, because Michelle Obama stands up at the DNC convention, and we were all there, and we all heard it. She stands up the DNC convention. Here's why. She's standing there at the DNC convention, and she goes, my parents are suspicious of people who took too much. And right before she gets on her G5 to go back to one of her private islands where she has a mansion in some of the whitest neighborhoods in all of the world. Everybody knows that they're frauds. They're worth hundreds of millions of dollars. They ran to say that we are. There's not. This is a good one. You want to. You want to get them. Here we go. Pull up Gallup poll race relations in America, because this is what the Obama thing was all about. Obama said, my mom's white, My dad's black. It's not white America. Black America is the United States of America. It's not red or blue. It's all four together. Why don't we check out what happened while Barack Obama was president? Well, let's see here. Everybody said that race relations was just fine, and then Barack Obama got into office and decided to infect a virus into this country and use race for political purposes to try and separate us, to really rend and pull at the fabric of this country. And people are sick of that. People have seen the divisiveness. What did Barack Obama say right there when race relations collapsed in 2013? He said. He said, trayvon Martin's my boy. If I had Trayvon Martin, would he look like Trayvon? That's it. That's the destruction. And then he went and he fomented race riots in Ferguson, Missouri. We hadn't seen race riots in decades in this country. He fomented race rising. Ferguson, Missouri. People are sick of it. They see the Obamas for what they are, which are opportunistic goblins who are just in it for themselves. And anybody who's close to them will tell you that. And the Michelle. The failure of the Michelle Obama podcast is a. Is the world telling them, we don't care about you? Michelle Obama actually thought that hundreds of millions of people were waiting on bated breath to listen to everything she has to say to her eunuch brother who somehow looks more feminine than she does eunuch brother Adam. But that's it.
Pat
Who do you got?
Tom
Is that a city in Germany or something else?
Benny Johnson
Sorry.
Vinny
The question was if they Were both able to run a third term?
Pat
Yes.
Vinny
Would Obama beat Trump or would Trump beat Obama? If I had to put money on it today, I would say Obama would be the favorite. No, but Trump would end up winning in the end. Almost like Hillary Clinton in 2016. Because if you're just looking at the. The odds and the numbers, you know, you talked about approval ratings. I think Obama's highest approval rating was almost like 70% when he got elected. And then I want to say his, like, sustainable average. You can fact check that. Sustainable average was basically in the high 40s. Trump's never been above 50% approval rating ever. I think right now he's kind of trying to get there. Yeah, there it goes. 69, dude. So as far as approval ratings, it's going to come down to who the independents break for. So one thing I'll give Trump credit for. You talked about race relations. Trump has done an amazing job of killing wokeness, killing dei, killing identity politics, killing cancel culture. You know, people thought that Trump was gonna lose when he was like, I thought Kamala was India and all of a sudden she's black. People are like, oh, my God, I can't believe he said that. People are like, no, that's exactly what happened with her. You know what? Tony Hinchclip is like, it's a floating piece of garbage called Puerto Rico. Like, oh, my God, nobody cared. You know, Trump's Hitler. It's like, no, I'm not. Love the Jews. So Trump's face so much backlash that they would put Obama as the favorite, but then Trump would just pull it out in the end. So I would go with Trump.
Adam
I disagree 1,000%. That whatever poll that was, whatever voters that they got, that's. That's. I don't believe any of the polls you want to talk about. So the approval ratings with Obama were that high because every media, everybody was worshiping him. He was trying to talk like he was like Martin Luther King. It was all bullshit. All right, that whole change. Yes, we can. He. No, we can't. We didn't do. What did he do? What did he do besides make everybody hate each other in the country? Obamacare doesn't freaking care. Was all delusion. It was all divisiveness. And if, by the way, if there's a legal way, a legal way for him to be the vice president again. And then JD Vance and they do it, I say do it. Anything to make these liberals go freaking nuts. I absolutely enjoy it. I was talking to Julian outside. I love that these people go Nuts for this guy. I don't know what it is. I absolutely love it. And I want him to get in because I wanted to get into debates, Benny. And be like, so crossfire, Hurricane Obama. Those debates are going to be the best. So you are spying on my campaign. You guys set up Russia collusion. You and Hillary and the dnc. You guys were doing illegal shit to try to ruin me before I even got in. And bringing up Michelle Obama. Can you imagine the debate points that he could bring up just with Michelle alone? Like, President Jimmy Carter died. You don't show up to the funeral. Your wife doesn't show up. How disrespectful is that? All the freaking stuff that he could bring up about his wife. I think it would be. He would murder him. It wouldn't be even fair.
Tom
Tom, I think the pollsters are just. After the election, all the pollsters went to a bnb. But it's not what you think. Some of them became bored. The others became bankrupt because they can no longer fleece. That's what happened to the pollsters. And I think it's ridiculous that these polls are going up. It's like I just had a flashback. Speaking of, DeLorean went back 20 years of Saturday Night Live when all the drunk guys were talking about Ditka. It says, remember this? Remembers and says, remember. What do you think? Ditka versus all the angels in heaven?
Adam
Ditka.
Tom
But it's a field goal late.
Vinny
And it's like, that's what I feel.
Adam
Like these polls are.
Tom
It's like, with this. To me, it seemed a little bit crazy, but also, you know what it showed me? I backed off on that. So why are they doing this? Crazy? Because it's desperate. It's desperate. Somebody had the poll do it because they want something and they got nothing. And so what did they go do? They did what Joe Biden did. He didn't have the dollars, so he went and printed some. And they're out there and they're floating this. See, our guy, one of our guys could beat Trump. Well, he didn't. And Trump's in power. Dad's home. What are you doing?
Benny Johnson
Yeah, that's right. Obama's kissing the ring. We all saw him at the funeral. Obama's sitting right next to Trump cracking jokes how we do. And they were talking about golfing. That's what the lip reader said. Obama wants to golf with Trump. Like, no, man. Obama's the one who said, I can't win. Obama's Obama sat that. Can we pull that up the lip reading. I'm so sorry to abuse. Rob, welcome. The lip reading is unbelievable. First thing that. The first thing Obama. Here's your perfect response to that poll. The first thing Obama says is, I knew you'd win. To Trump beating Kamala. Beating. Beating Kamala.
Vinny
That's right.
Benny Johnson
It was like a professional lip reader that used AI to track what they were saying. And the first thing Obama says is, I knew you'd win. Yeah, of course you win.
Vinny
And he doubt it. Oh, no, that's a deaf girl.
Tom
Sorry.
Adam
Well, she.
Benny Johnson
Goodness, that's me. I mean, that's probably me responding to the clip. Yeah.
Tom
See if it's in here.
Benny Johnson
Hello, Mr. President. Yep.
Pat
President for a second time.
Adam
Brock, very nice to see you.
Pat
Congratulations. So how you doing?
Adam
I'm a lot better, Dan.
Pat
Hell, I bet still you'd win.
Vinny
I would. Really?
Adam
Oh, come on. Anyone could beat her.
Vinny
I was just.
Pat
As a. You know what happened? He just didn't want to leave.
Adam
I know.
Pat
Is what happened. I did what I could to help her.
Benny Johnson
She was horrendous.
Pat
I know. You know what I realized? Hillary still hates me so much.
Adam
She'll never forget me.
Benny Johnson
Come on, boys.
Pat
We should meet the discussion. I think so, too. We can definitely set something.
Adam
I was gonna fly back to Florida tomorrow for the golf.
Pat
Okay.
Benny Johnson
They're gonna golf together, man.
Adam
Oh, the photo.
Tom
And this is the.
Benny Johnson
Who wouldn't want that?
Tom
This wasn't some of the joke stuff. That was the professional and the real stuff.
Benny Johnson
This is the professional lip reader with AI putting this together. I think the original, I think, was the New York Post. That. That.
Vinny
So what's the likelihood?
Adam
What else would he be talking about and smiling about? You know, it's about the loss. And, you know, he's probably like, yo, you couldn't even help her with your whole. Yeah, we have to rally the troops. No, you didn't rally anything so believable.
Benny Johnson
That's why that went viral. It's viral because it's so believable. You can actually. You can see them saying this. These things.
Vinny
By the way, people forget that caused a lot of controversy, that they were sitting together. I said, I love it.
Benny Johnson
That's a great point.
Tom
Are you kidding me?
Vinny
Where else in the world do you have literally mortal enemies come together at a. This is the funeral of Jimmy Carter, I believe, and sit next to each other and have a conversation. I love it.
Adam
What was the other you were upset by?
Vinny
I remember you had your panties in a box.
Adam
100% right. You know, why did I change your panties? You know why? Because he is the. We're talking about the enemy. Anybody that causes divisiveness and hates the country and then spies on the other guy and tries to destroy him, he's the enemy. I wouldn't sit next to him.
Benny Johnson
I have a question for everyone.
Vinny
He is.
Benny Johnson
I have a question for everyone on this panel, and I would never portend to say I know who you supported in the year 2000 or 2004 elections. However, if you're looking for somebody who is a real dick to Donald Trump at this event, other than Michelle Obama, pun intended. Then. Then you would look at George W. Bush, who goes walking over to Barack Obama, chest bumps him, ignores Trump entirely in his own party, and then. And then pulls the curve. Laura. Bush doesn't even acknowledge either man and walks right by him. So this is a president, the last Republican president faced with the. The next Republican. So his. His. His successor in the Republican Party. Bush doesn't even acknowledge Trump's existence.
Adam
Well, that's his cousin. So these are. These are literally two cousins. Look, those are two cousins. And this. What do you mean they are cousins, Adam. They're related. Wait, let me guess. I'm lying. Adam. And do you know, I'm sure they're the. Because you don't know, Adam. Here we go. You don't know.
Vinny
No, no.
Adam
Are they cousins? Is Bush. Is Bush and Obama related? Are they related?
Vinny
I know there's a story. So they're cousins for like 500 years ago.
Adam
I don't give a damn. Oh, Barack Obama. Oh, it's 500 years, Adam. Or is his 10th cousin.
Vinny
Cousin.
Adam
It's his cousin.
Pat
You found him.
Adam
You're the man.
Vinny
You got it.
Adam
That's why I act when I see my cousin.
Vinny
That's like saying.
Tom
By the way, through Samuel Hinckley of Cape Cod, who had a great, great, great, great, great grandson who shot Reagan.
Benny Johnson
No way is that true. So I know Hinkley is the name of the guy who shot that up.
Vinny
That's like saying that's the same name. That's like saying we're all 15th cousin because we're all the children of Abraham. Isaac and Jacob.
Adam
Came down the line with Jazzy and. But I was just. When I see my 10th cousin twice removed, I chest bump him.
Tom
And I was just following the line of Benny.
Vinny
You bring up a good point. The whole conflict. And this is who Trump is. The fact that him and Bush, that whole. Basically, since the 2016 campaign when he was on stage with Jeb Bush, he's like, you're Low energy. You're low energy. Bush, Rand Paul, you're ugly. Scott Walker, you're a loser. You know, just bing, bing, bing, bing, bing. He called out the Bushes, he called out George W. Bush. Trump has not only taken the gop, it's no longer the gop, it's just MAGA now. And you had to pick a side. The Mitt Romney's are done, the Mike Pence's are done, and it's just MAG at this point. So I'm not shocked that the Bush oligarchy and the Trump legacy is not on the same page, are you?
Benny Johnson
I mean the person. So the end of the Bush dynasty. Tell me if you agree with this chat. The end of the Bush dynasty was please clap. That was it. When Jeff goes, when Jeb goes, please clap. Please clap for us.
Vinny
Talk about like in that little campaign room out there. You could probably show that.
Benny Johnson
But yo, I'm from Iowa, so that's where I was raised. And this where I went to school. And you could tell, there it is. This is all the joke.
Pat
I will be a commander in chief that will have the back of the military. I won't trash talk. I won't be a divider in chief or an agitator in chief. I won't be out there blow hardened, talking a big game without backing it up. I think the next president needs to be a lot quieter, but send a signal that we're prepared to act in.
Tom
The national security interests of this country.
Pat
To get back in the business of creating a more peaceful world. Please clap.
Vinny
Like that. That was the death nail to the Bush legacy. You're absolutely right. That's it.
Adam
That's it.
Benny Johnson
You're no, there's no coming back from that, bro.
Pat
It's cooked.
Vinny
That's the equivalent of being a stand up comedian.
Benny Johnson
That's what we call a crash out. That's a crash out.
Vinny
I fully agree.
Benny Johnson
And that's what we also call a real poll. So I'm from Iowa. The point is that when you can see who like brings energy to rooms in Iowa, right? You can see with the candidates. Look at how sad that is. He's at a nursing home. He's at a hospice house, clearly like a hospice center, given a speech in his little country club. Half zip, yo. I am so glad that era of the Republican Party is done. They weren't Republicans. So I want to, I want to, if I may correct you on it's not maga, it's populism, nationalism. That's what Trump represents, nationalism. And a very Muscular populism in his policies. And I think that what clearly George W. Bush has represented and what every president has represented for my entire lifetime is globalism and the selling out of America. And that's, that's the actual fight here. And it's a weird way to think about it, but that's what makes Barack Obama almost closer to Trump than Bush. Like, if you were to look at, like, the parties, like, it's like. Because what Barack Obama tried to do is almost like kind of that he, of course, failed. And I think he was a liar about it all. And when push came to shove, he showed. He chose divisiveness and obviously our enemies over America every day. But in, in, in. In the way that he communicates, that's. That actually makes Obama and Trump closer than even a Bush. Right? There's this crazy clip, man, I hate to do this. There's a crazy clip of Bush saying, what are the biggest evils facing America? And it's way back in the day was when he was running in 2020, and he goes, 22,000 in the year 2000, forgive me. And he goes, the biggest evils facing America today. Got to do. The Bush facing America today are all the isms, okay? Nationalism, populism, racism. And he puts them all together. Gee, how it is like that. Wait a second. This is unbelievable because this is actually, you know, with the exception of racism, this is actually like talking about America first. Like, Bush was actually running on a globalist platform. This. This guy doesn't even exist in the same solar system as Donald Trump. Right. And so remember that senior in a.
Tom
State of the Union address, turned to all of us and attempted to inculcate us with the idea of the New World Order, man.
Benny Johnson
Yes.
Vinny
I would say. I would say one thing. I would say that you said, you said that Trump is closer to Obama. I would say that Trump is closer to Bernie Sanders. Yeah, that sort of. Yeah, maybe economic nationalism, populism. You know, I remember people at the time, they were like, I'd vote for Bernie. I'd vote for Trump. Those two are complete polar opposites. And then Bush and Obama, they're more similar because obviously, you know, they're 10th cousin. So there's a lot of family legacy.
Adam
Family comes first.
Benny Johnson
Here's a New World Order club.
Pat
It's pretty wild going through this next story here. Rob, can you pull up the Anderson Cooper clip? This is Anderson Cooper. I mean, just a very embarrassing moment for him in his career. How do you mess this thing up? How do you not know how does somebody as professional and being a Vanderbilt as yourself not know to properly introduce this young. They. Them by the proper pronouns? How do you not do that as a professional? Rob, go ahead and. Go ahead and play this clip, please. Go ahead.
Benny Johnson
Senator Bernie Sanders. I want to introduce Grace Thomas.
Tom
She's a local civil rights attorney.
Benny Johnson
She's a Democrat.
Tom
Grace.
Pat
They.
Benny Johnson
Them pronouns, actually. Thank you. Oh, evening, Senator Sanders. Polling and turnout data indicate that men of all racial demographics are turning away.
Tom
From the Democratic Party.
Adam
But of course.
Pat
Play that one more time, Rob. Just one more time.
Benny Johnson
We're back with Senator Bernie Sanders.
Tom
I want to introduce Grace Thomas. She's a local civil rights attorney.
Benny Johnson
She's a Democrat.
Tom
Grace.
Vinny
They.
Benny Johnson
Them pronouns, actually. Thank you. Oh, good evening, Senator Sanders. Polling and turnout data indicates that racial demographics are turning away from.
Adam
You know, I would have done right then and there. I was like, no, no, no, time out. No, we're not doing that. Next person. I'm not playing that game.
Benny Johnson
Look at Bernie's face.
Adam
Yeah, look at. He has no idea what's happening.
Tom
She said they. He only sees one. He's trying to find.
Adam
Yeah.
Benny Johnson
How do I. What do I call it when I. Whenever I use the pronouns, them. I'm talking about all of my beach houses. Those are the Dems I'm talking about.
Pat
I am a socialist.
Adam
Look how shot. Like, look how confused. He's looking for more people inside of. Like he doesn't know what the hell is going on. And the fact that. Oh, if I. I'm telling you right now, Anderson Cooper should said, excuse me, ma'am, Ma'am, you. We're not playing that game. You're a girl. Answer. Ask the damn question. Like, the fact that they're still. Still to this day, like, what do.
Benny Johnson
You be the end of his job?
Tom
Sounds like he sat on Ice Cube.
Pat
Oh, yeah.
Adam
No, it's like, give me a freak. And again, that's why this freaking party is going to be doomed for the longest time, bro. That is it. That's the clip right there. To show you where they still are. They're not break. They're not deviating. They. Them. I would have been like, no, no, no, we're not. Who the hell are you? What's your name? You're one person. Next. Move on. It's ridiculous.
Pat
You know what it is, though? Like, for a cnn, there's been. There's been speculation the company's probably worth somewhere between one and a half to $2 billion. And Zucker tried to raise some money a couple of years ago to be Able to buy it for five or six billion dollars. Tom, we've talked about this before.
Tom
Yeah, Jeff Zucker. Not Mark.
Pat
No, no, Jeff Zucker. Not Mark Zuckerberg. Zucker, who was a former. Who was he with them?
Tom
CEO, Big guy.
Pat
Yeah. So, you know, there's these conversations. Until CNN doesn't get back to common sense with things like this, the rest of the logical world is just not interested in watching them because it's an embarrassing thing that's going on right now. Even yesterday Scott. What's his name?
Vinny
Scott Jennings.
Pat
Scott Jennings. He had a moment yesterday on cnn. Did you see? That's why he got fired. Did you see what Scott Jennings got fired. No, no, no, no, no. He told. Scott Jennings, tells this later. Fired. Yeah, just type in. You'll see. That's the one right there. Watch this clip, Rob, watch this clip. Vinny.
Benny Johnson
You cannot just go and say, I like it.
Pat
It's mine now.
Benny Johnson
It doesn't work that way.
Pat
Well, that is what they're trying to do. And in this new World Order. Yeah, absolutely. When they're looking at Greenland and say I like it, I want to take it first.
Benny Johnson
Mind. That is a very colonized. I have never ever said we're going to go to Greenland and quote, colonize it or steal it.
Pat
You're not a member of government, so.
Benny Johnson
You'Re irrelevant at that point. I'm talking about the President of the United States. You got fired from your job.
Pat
If you want to engage in personal insults, you lack in a legitimate point, you make up for in personal input. Personal insults. The point I am making, World Order.
Benny Johnson
We are looking at countries. Whether or not, by the way, who.
Pat
She that got fired?
Vinny
She's a sassy woman. I know that.
Adam
She wants to hit him so bad.
Tom
Tiffany Cross is her name.
Vinny
And Rob, your mic's not working, buddy.
Tom
Tiffany Cross, can you hear me now?
Adam
Yours is not working.
Vinny
She was the host of the cross connection on MSNBC.
Pat
When did she get fired?
Benny Johnson
It looks like 2022.
Pat
She really got fired in 2022.
Tom
It says informed MSNBC, informed her production.
Vinny
Staff that her contract would not be.
Tom
Renewed on November 4, 2022.
Pat
Got it. So he's saying she got fired. Yeah. So until CNN kind of gets their stuff together and brings more people like Scott and they're going more logic, their best talent right now. Scott Jennings, I call him the CEO of the company. He's run the company right now. He owns the entire project.
Adam
And if they don't have the. They don't have that, they lose. Nobody is watching cnn. The only reason that show is one of the most popular shows is because they kind of let him cook a little bit, even though they keep. They constantly tell him to shut up. He is surrounded by freaking, you know, jackals, you know what I mean? And he's just the only one that's spitting the truth.
Vinny
The woman who corrected Anderson Cooper on the they, them. That's not an anomaly. That is sort of. That is built into the system at this point. You're not going to reverse that overnight. You know, there's a story here, Pat, if you don't mind, I could read this. The Air Force pulls back on personal pronouns and emotes the Air Force.
Adam
Vinny, I know you emails.
Vinny
You said, I know you were in the Air Force. So the US Air Force is reversing its ban on including preferred pronouns in email signatures and other professional communications. So they've rescinded an earlier directive to cease the use of preferred pronouns, AKA he, him, she, her, they, them. Our favorite thing to identify one's gender and identifold communications. So this is so baked into the cake already. It's not just one offs, right? This is the Air Force that has they them in their freaking emails. I told you the story. The one time when I'm in the back of an Uber and this guy picks up. It's a Ford F150, the back of an Uber, and I'm leaving, actually, CPAC, of all places. And there's this dude, I'm talking a man's man. And I'm looking at the app and I'm like, okay, Bill. And a Ford F150. He, him. Okay? So I'm sitting in the back of he, him's car, and I go, hey, Bill, I gotta. I just gotta ask you a question, dude. Did you want to put the he, him in there or is that. Do they make you do that? He goes, look, man, I'm just filling out the. The data and that's. I had to put it in the Dropbox and I. I went with he, him. I didn't have a choice. I go, if you could reverse that, would you? And he's like, you record me right now, buddy. It's like, nah, just me and you. He goes, he, him. Like, I want that. Like, it just. He had to change this. He was the Uber driver. He had to check it in order to basically sign up for Uber in this case. So that's what I'm saying. It's so big baked into the cake, that one off lady criticizing Anderson Cooper companies Infuse that. Now we're starting to see companies basically reduce their dei, reduce their esg, but it's going to take a while. It's not going to take a while.
Adam
You hear about the military? You talk about the military. Do you hear about the military? I think she was like a NATO colonel or somebody. She refused to put Trump and What's his name's J.D. vance's photo up. They relieved her of her duty. They're like, you're not going to put the photo of the president out, but yeah.
Pat
Okay, last story here that we're gonna get into. Two or three stories, and I'm gonna wrap up. Here we go. This one's a very technical story, but very important story to anybody that's a business owner. This is how you get creative. Restaurant offers diners a bigger discount to skinnier people.
Adam
Have you seen this many?
Pat
So the skinnier you are, they're giving you a 20% discount. I didn't think you tried. Watch this.
Benny Johnson
This is amazing.
Pat
I told him oatmeal. Is that your friend? Yeah.
Benny Johnson
I told them oatmeal. Never met him in your life. You need some butter if you can.
Pat
Make it through 15 discount.
Adam
And they're watching you to see it, right?
Benny Johnson
Yes.
Pat
Can you do 10? Hold on.
Benny Johnson
He's doing it.
Pat
Oh, no.
Benny Johnson
He's gonna.
Pat
Oh, my gosh.
Benny Johnson
What if he gets stuck?
Adam
He's gonna take the whole thing.
Benny Johnson
RFK is going to mandate these.
Pat
So he ends up getting. No, no.
Benny Johnson
Keep playing every golden corral. So if you want to come in here, you slob. Yeah. You want to come in here and mainline seed oil, you got 5%. Yeah, you're gonna get through. You got to get through the RFK Fat Camp humiliation bars.
Pat
What do you think about it?
Vinny
Look all the way to the right. There's the full price.
Pat
How big is the full price problem?
Adam
Full price is anybody Rob.
Vinny
Barely fit in the full price bar.
Adam
The full price, I think, is just wide open. It's like, what?
Pat
By the way, what do you think about this? You go up to a restaurant, you see this. What do you think about this?
Benny Johnson
It's great. I mean, it's great. I mean, first off, it's good fun, and everyone's clearly having a blast there. And then second off, who doesn't want a healthier country? And if you can't fit through the first three rails, do you really need to get the fried egg rolls? Like, do you really need them? You know, this is in Thailand where this restaurant is. So, like, if you can't fit through the first three bars, you know, you can't get through the rails, you know, no wantons for you.
Adam
Yeah, but what kind of anorexic. Look at the 20%. You have to be a freaking toothpick to get into that. Like, what kind of girls are you taking on? Get your ass through there. Get your bony ass through the 20.
Benny Johnson
So then if you get a 20 discount, you're eat more. You know, I think, like Betty said.
Adam
It'S creative, it's fun, and I guarantee you like couples. Like, it's going to make you be like, yo, you know what? I need to lose a couple.
Benny Johnson
RFK just roasted the governor of West Virginia. I just. To his face, he said, you're fat. He just said, you're fat. You know, like. Like, lay off.
Pat
Play that clip. We have that one.
Adam
Did he really?
Pat
He did.
Benny Johnson
He said, I'm going to put you through fat camp. RFK said it to his face. He's standing there on stage. That's the.
Vinny
That's the governor.
Tom
Looks like you ate the prior governor.
Benny Johnson
Yeah. For it.
Vinny
I said, Dr. Morris or Governor Morrissey? The first time I saw him, I said, you look like you ate Governor Morris. And there was a lot of talk about getting healthy again. And I'm very happy that he's invited me to be his personal trainer. And I am going to put him.
Adam
Oh, my God.
Vinny
I'm gonna put him on a really rigorous regimen, and we're gonna put him.
Pat
On a carnivore diet.
Vinny
Yes, we're gonna make them do.
Benny Johnson
Raise your hand if you want Governor.
Vinny
Morrissey to do a public weigh in once a month.
Adam
Oh, I love that.
Vinny
When he's lost 30 pounds, I'm gonna come back to the state and it was celebration in a public way.
Benny Johnson
And with him, that's just amazing. I bring Trump. The Trump administration is bringing back bullying. If you really. If you rethink a lot of the old. If you rethink a lot of the old comedies and a lot of the old films from the 80s, you know, the bullies enforce the societal norms and the standards. Right. And he's bringing back bullying. You know, this, I think, is one comedy gold. It's funnier than SNL, what RFK Jr did there, and then two, well, listen, you're going to live a healthier, better life.
Tom
And you know something else? Pat and I will understand that. Oh, no, Adam will understand it, too, because where we come from, you know, what we were seeing there, it says. I thought I was looking at the underwriting model for the average life insurance policy, because the healthier you are, the better price you get.
Benny Johnson
That's very interesting.
Tom
And so it's comical to see it at a restaurant, but you know what happens in real life, the healthier you are, you get benefits in this life.
Benny Johnson
Interesting.
Pat
Yeah.
Vinny
I mean, it's the exact opposite of what's going on in America for the last five, 10 years. I mean, this, this happened and I believe in Thailand. So the chances of this happening in America are non existent. They would just have you have to go through these bars to get in there. They would just. Our fat, sloppy, overweight people here in.
Benny Johnson
America, are they making people pay for double plane tickets now?
Vinny
Exactly.
Benny Johnson
There's airlines that are now charging people.
Vinny
Of course, they're trying to reverse the ridiculousness that's been sort of pervasive in our country. I mean, half the people in America right here just, just go through the front door, buddy. You ain't getting through any of these bars right now. You might have to pay double. But all these things, like, do you remember when they were basically saying, so if you have bad credit, you actually will get a lower rate on your mortgage or your credit card because you've been paying your bills late and you haven't been establishing good credit, so you're gonna get preferred treatment in the banks and the economic system. It's like, how does that make any sense? Or like you mentioned, you know, if you're fat, you big boned and they want to give you a free seat, it's like, no, no, you gotta pay double for those seats. It's the reversion. It's just reversing the imbecility of what's been happening here. I guarantee you one thing, when Trump is president, you will not see a trans woman win a beauty pageant. Do you remember how many trans women have won beauty pageants all across America, all across the globe?
Pat
Trans woman bought the pageant. Yeah.
Adam
Those days are women by all women. And it was a dude talking.
Vinny
Those days are done. So.
Pat
All right, let's go to the next story. Ben Shapiro says Peter Navarro should be nowhere near trade policy. This is Media Matters. Ben Shapiro holds. Okay, so is this a clip, Rob? Yes, go for it.
Benny Johnson
This has led to what is the most obvious proxy battle in the administration between Peter Navarro and Elon Musk. Elon Musk has been just beating the living hell out of Peter Navarro online. He called him yesterday. Peter Ricardo, Peter Ritardo.
Adam
You're so funny.
Benny Johnson
Peter Navarro said to Elon Musk, he said that Elon's a car manufacturer, but he's not a car manufacturer. He's a car assembler. And then Elon responded, quote, navarro is truly a moron. What he says here is demonstrably false. And then again called him Peter Ritardo and said he was dumber than a sack of bricks. I mean, I'm on Elon's side of this one.
Adam
Gotta be honest.
Benny Johnson
I think that Navarro's policies here are ridiculous in the extreme.
Adam
Eyebrows are.
Benny Johnson
The White House was asked about this, and Caroline Lovett gave the best response. She says that this is boys will be boys.
Adam
Yeah.
Benny Johnson
Except one of these boys built trillions of dollars of value in the economy. And the other one of these boys used a pseudonym, Ron Vera, in order to promote his cockamamie economic policies. So one of your boys is. One of your boys is Doogie Howser over here. And the other one of your boys is.
Adam
Is the.
Benny Johnson
The bizarre dude from the Goonies. So great. Here we go.
Pat
These are obviously two individuals who have very different views on trade and on tariffs.
Adam
Boys will be boys.
Benny Johnson
And we will let their public sparring continue.
Pat
And you guys should all be very grateful that we have the most transparent administration in history. And I think it also speaks to.
Benny Johnson
The president's willingness to hear from all sides. Caroline loved it.
Adam
Benny, I want to ask Benny, Benny, casual question.
Benny Johnson
Yeah.
Adam
I don't know. Something in the past year has happened to this guy. I used to, I used to watch Ben Shapiro, like, like, I mean, bro, when he was on Piers Morgan and showing the Constitution and being that guy. Let's. And this is in regard to Trump. And I want to ask you this question. So in 2016, he backed Ted Cruz. OK. And then lately, is it just me? He's just been anti Trump with his rhetoric. And mind you, Trump, he's the most pro Israel person on the planet. Trump is the most pro Israel president that we've had. This is from Bibi Netanyahu. He's complaining that Trump, Israel took off the tariffs. He's like, but Trump is still putting tariffs on Israel. He came out a couple of weeks ago and he said, I have a.
Benny Johnson
Friend in the jewelry business.
Adam
Yeah, exactly, exactly. And then, Betty, he goes, I think Trump should pardon Derek Chauvin, which if you really think about it, what that would do to the country and to his presidency would be a terrible idea. Horrible. What do you think about. Is it his politics? What do you think he hates about Trump? Is it politics or he just has a personal issue with Trump?
Benny Johnson
I think Ben Shapiro has always disliked Trump and He's made that very clear. I think that the Daily Wire has gone through some rocky times as a company and I think that they're trying to cozy up to Trump for that exact reason. Right. To try and like reset the company. But listen, like America first means America first. That means that this country, our children are going to be raised in this country. We put this country ahead of other countries. And so whether it's a Ukrainian flag or whether it's an Israeli flag, I'm against the anybody who's going to sit here and try and co opt a movement and say, but actually I'm going to be a dual citizen or I'm going to be in favor of some other country over America. I'm going to see some other country as an escape. And I don't. That just doesn't matter. There's Ukraine flags in my neighborhood. They sicken me. It makes. I'm disgusted by it. I feel the same way about that as I would about a Chinese flag. Right. Hanging in the neighborhood during this trade war. I think that you have to choose. And it goes back to the, it goes back to the metaphor of turning the lights on and see who's trading in favor of your company and investing in the equities of your company and who has their foot out the door or is betting against you. Now, to the point that Ben is making here, and I think that's part of the drop off, right? Is like part of the drop off is like we like the America first movement. There's been a lot of people that have tried to like glom onto that, right when it's convenient or when it's the popular thing to do. And a lot of people who've backstabbed President Trump when it's fashionable to do that. And I think that's where the struggle is coming from with Shapiro to his point here about the team arrivals is what they called it with Lincoln.
Pat
Right.
Benny Johnson
When you have like people in your staff that are fighting each other, this is a very good thing. This is a very positive thing. You need fresh minds and you need smart people and you need people that are, that believe in something so much they'll fight for it. And that's a very positive thing to have in your country. It's a very positive thing to have in your company. It's a very positive thing to have in your administration.
Pat
What was your problem with what Ben said, though? What had been said that you didn't like?
Vinny
You're asking Vinny or you're asking.
Pat
I'm asking Both of you.
Adam
Well, my.
Benny Johnson
Navarro went to prison for Trump. Like Peter Navarro decided he got charged by the DOJ because he wouldn't communicate with the January six committee. So calling him a bozo or whatever, whatever pejorative, I think that's deeply.
Pat
And that's what Musk called him, a moron.
Benny Johnson
Right. So I just think that it's. All I'm trying to say here is that the team of rivals is good and you should want that. And whatever anyone's personal opinions on this, it's very powerful to have people that believe in what they believe so strongly that they'll fight for it. Donald Trump just this week brought Bill Maher to the White House. That is a. That is an unbelievable genius move. Bill Maher is a weapon for his enemy. Donald Trump is bringing. First off, it shows total magnanimity for Donald Trump. Donald Trump's bringing in people that are the weapons for his enemies and then turning those weapons against his enemies. What does Bill Margo do? Sits down with Chris Cuomo and has this, like, lavish conversation about how much he loves Trump. He literally says, I love this guy. And that is a total 180 reversal for one of the most powerful voices on the left that was calling Donald Trump Hitler just a couple of weeks ago. And so I think it's a genius move. This is what Trump's always done in his businesses. And so this is, you know, this, I think, is a huge quality of Trump, not an error.
Vinny
Adam, I'll just get right to it. So whether it was Ben Shapiro, whether there's anybody else commenting on this, the issue that you're bringing up with the team of rivals, that is the point. Whether Ben is pro Trump or anti Trump or pro Elon is almost irrelevant to me. It's the two factions that now coexist within the White House. You're very apropos with the whole team of rivals. So I talked about this the last time when we were dealing with the whole H1B visa situation. You have MAGA 1.0. That basically started in 2015, and you have MAGA 2.0 10 years later in 2025. And Peter Navarro is basically like the economic nationalist version of Steve Bannon. He is Maga 1.0. He's basically very against the technocracies and the big corporations and what's happened here in America. And then you have Elon, Elon Musk sort of representing the more libertarian leaning corporations, maybe a little bit more friendlier to China version of globalism, wanting people, you know, bringing in the brightest Minds in the world. Remember when Vivek was dealing with all the draw? Who was Vivek fighting with specifically on. Was it. Was it J.D. vance? Who was Vivek fighting over the H1 visa visa situation? Do you remember that?
Adam
I don't remember who he was.
Vinny
But the point is, it was, you know, the Steve Bannon Wings of the. Of the Part.
Pat
It was Bannon.
Vinny
It was banned. That's what it was right there. But that is the now current makeup of the team of Rivals. And I'll just say this. Maga 1.0, you needed Elon to win. You needed people like Vivek to win. So when Steve Bannon gave that Trump basically saying, we want converts to the party, but you sit in the back of the room, Remember he said that to Elon Musk. If I'm Elon Musk, I'm looking at Steve Bannon. I go, who the fuck are you? What role are you playing at this point? I put $250 million into this campaign. I'm doing Doge. You're just a talking dude on the Internet at this point, homie. So is MAGA 1.0, the Peter Navarro, Steve Bannon wing of the party important? Of course it is. That's the base. But you needed somebody else to get you across the finish line. So they each need to respect each other, and the team of Rivals should coexist. But again, Team Elon is basically where I'm at.
Pat
Yeah. I think what Daily Wire right now is going through on the stories that are out there.
Vinny
I get it.
Pat
That's annoying. Running a business is very hard, especially when you're public. So you got to try to balance running a business and deal with the public life. That's very difficult. It's very annoying. And sometimes you take a position and then you're like, oh, shit, this was. Maybe I could have approached it differently. Or you took that position and that hundred percent is you, and you're going to get some flack with that position they're going to have. So whatever they're going through, they're going through. In a situation like this with Navarro and Musk, she's right. Credit goes to Trump that he's okay with these guys on his team debating each other to see who's going to come up with a better idea. I actually love it. I love seeing this, that they're able to go back and forth. Same situation when Musk was having issues with Altman, he says, look, both of these, they don't like each other. Yeah, it's A lot of people I don't like. What do you want me to do? They don't like each other. They got to deal with it. It is what. What it is, I'm okay with. Means. He's been in situations like that of running a company, running a sales team, and having five kids that sometimes the kids are going to go through, and you got to let them flush it out and go through it. This isn't his first rodeo. Got to love the fact that he has that kind of experience. All right, let's go to the next one here. Next story. Florida Senate approves ban on geoengineering and weather modification. Vinny, I'm coming to you with this one here. Let's take a look. Rob, do you have a clip on this?
Vinny
I do.
Tom
This is Governor Ron DeSantis talking about the bill.
Pat
Go for it.
Benny Johnson
Senator Ileana Garcia has legislation in the Florida Senate to ban geoengineering and weather modification in the state of Florida. I support the legislation. However, the Florida House of Representatives has gutted Senator Garcia's legislation, and they would actually codify the practice of geoengineering and weather modification. People got a lot of kooky ideas that they can get in and put.
Vinny
Things in the atmosphere to block the.
Benny Johnson
Sun and save us from climate change. We're not playing that game in Florida.
Pat
I support what Senator Garcia is doing.
Benny Johnson
And I hope that people will tell the House of Representatives in Florida, do not gut this bill.
Adam
Vinny, do you realize what. What he's saying? Right? You guys know what Geo modification and Rob, we talked about this on the unusuals. I just want to make a point. This is another theory that we've all been talking about that everybody calls us nuts about weather modification and chemtrails and all the stuff that they put in the air. And it turns out that we're right. It's actually happening. And he's saying, we don't want it in Florida. They put stuff on the air pad that makes the sun reflect so we don't get hot because of the temperature. And it's like he called it out and said that we don't want it in Florida. So that just proves, Tom, they're trying to do it. If not, they have been doing it. And that's what they do. They mock us. They say that we're crazy. They say we talk nonsense until the documents come out and a freaking governor has to come out and say, stop it and don't do it. And think about it. All this stuff that they spray in the air, we're breathing it, it's coming on our plants, it's going on the food. And then we wonder why respiratory disease is up, cancer is up, the food is trash, everybody's getting poisoned and the water sucks and they act like it's business as usual. So it's not a freaking theory. It's another lie that's been exposed. And I love it.
Tom
Well, you know what's really interesting about this? When you dive into it, you know who the penalty is for? It's for aircraft operators.
Adam
Weird.
Tom
So we're going to fine 100,000 or 5,005 years in prison for aircraft operators. So guess who? You're not talking about the companies that are making the chromium sulfate and all these other things that are in the aluminum oxide too. Correct. And there's things that they put up there to prevent global warming and reflect the sun, but there's other things they put up there because they want to create cloud seeding and they want, they want it to rain. And so why would this be an issue in the state of Florida? Well, because we have a big agricultural industry here, and you've got companies that's like, hey, I'd like to help the agricultural industry. You pay me this and, you know, I'll fly around, see if I can make it rain. Well, they can't. So I don't know why this doesn't attempt to make the chemicals illegal because what they go after, it says it's a third degree felony. So in other words, it's the guy that flew the dope, but the dope's legal.
Adam
Yeah, exactly.
Benny Johnson
Remember? I mean, it's what it says. How, how old are you? This is like an eight. Like, are you old enough to remember Alex Jones with like a Nokia camera? It's chemtrails.
Adam
Chemtrails.
Benny Johnson
You see them? They're chemtrails. And now that used to be like the cuckoo pants thing. Your crackpot. If you believe that, now it's like you have to write legislation against it. So who are the cracks?
Adam
And Benny, how many more things do they have to come out that we have to be like, we told you so how many more documents? How much more CIA stuff? There's another path, another story about the CIA. Pat, about Hitler. Do you mind?
Pat
Go for it.
Adam
Hitler. So the CIA files reveal that the search for Hitler in South America ten years after his suicide, as Argentina prepares right now to release classified documents on Nazi fugitives. And Rob, you did a story on unusuals, right? Even the skull of, of, of Hitler. What did they find out?
Tom
Well, so the Russians tested the skull that they found in the bunker, and.
Benny Johnson
What they say, the skull that they.
Tom
Claim belonged to Adolf Hitler was actually.
Benny Johnson
The skull of a woman in her.
Tom
30S or early 40s, which would.
Adam
Eva Braum. So the CIA.
Tom
Wait a minute. Hitler was a girl.
Adam
I heard he wears dresses.
Benny Johnson
Hitler was a they. Them.
Adam
Yeah, he's they, them.
Benny Johnson
Hitler's proper pronouns.
Adam
Hilarious. No, but Adam. So the CIA files are saying that they were. The CIA was searching for a guy that everybody said committed suicide in this bunker. But they. They knew Hitler might have escaped, so they kept looking for him for 10 years after. But in the public eye, they told that he was dead. Okay. They chased leads to South America, South Africa and Colombia. They had names, they had locations, and they followed tips from people who claimed they saw him. And all that time, the American people were fed a fairy tale that he was in a bunker. And that's a photo that they said that was league, right, Rob?
Vinny
Yes.
Tom
And that's him with another guard from the SS who had escaped to South America.
Adam
Yeah, so apparently. And from stories, Rob, allegedly in the news, Argentina was a safe haven for Nazis. Not a theory, it's a fact. Thousands fled there. The country is now preparing, like I said, to release the documents that could show who funded them, who moved them there, who protected them. And that silence wasn't an accident. It was by design. And, and again, going back to my point, they lied to. How many times have we been lied to? Jfk, Weapons of Mass destruction. Lied about Vietnam, lied about COVID lied about Epstein, lied about every single thing that matters. And every time something like this comes to light, Benny, they're just like, okay, okay, yeah, you guys were next. And. And we move on. I think it's ridiculous.
Tom
I think come out before the Epstein files. Didn't have that on my bingo card.
Benny Johnson
So it's called. It's called a rat line. Yeah, A rat line was a line that was a, A, a way of travel for tens of thousands. They know that at least 10,000 or more Nazis got out of Germany, through Spain, to Spanish South America. And this is how this, our rat lines worked. And some of the biggest names actually in some of the Nazi leadership got out through here. I think Joseph Mengele did.
Adam
He was the worst.
Benny Johnson
Yeah.
Adam
The first experimental doctor.
Benny Johnson
Yeah, that's right. And they went and they, they lived. Some of them lived till very old ages in Argentina. And I think we're never, you know, were never caught. And so that, that's something that did happen. That's 100 real. Some of them traveled by boat, some of them travel by submarine. And there are 00 forensic remains of Adolf Hitler that has ever been uncovered inside of a bunker in Germany or in the Soviet spy museum.
Adam
Yeah, and by the way, the CIA. You don't chase a dead man unless you know he didn't die, period. What are they searching for? You're not searching for Hitler if he. It doesn't make any sense. You know what I mean, Tom?
Tom
Yeah, it's. And it's like the people that say that Ken Lay didn't die and Ken Lay went down to Belize and was.
Adam
Chilling there for a while.
Tom
Right. You read the same thing. And so someday are we going to find out that people with powerful friends, like, escaped and got to some other places? You know what I love is that God is a just God and they cannot run.
Pat
God.
Adam
Amen.
Benny Johnson
Yes, that's right. Is Epstein alive or was that like a fake Epstein on the stretcher?
Adam
Well, he interviewed the brother. And what did the brother say?
Pat
He had a lot of things to say, a lot that day when he came in, but in regards to whether he's alive or not, he's saying they killed him. That's what he said the brother did. The brother said they killed him because.
Benny Johnson
People have the photos. They're like, that's not actually my brother.
Adam
That's what it was.
Pat
Your thoughts on this flipped the breaker.
Vinny
I'm just sitting here learning a lot. I was. I thought we were talking about geoengineering and weather modification, and I'm just glad that we confirmed that the Holocaust did happen.
Adam
Yeah.
Vinny
Thank you. And there's been a lot of debate about that, so thank you for confirming. You know, when we Talked about Ron DeSantis, I didn't think we were going Hitler. But, Vinnie.
Adam
Well, you didn't know we went there. Well, you didn't know that Obama and Bush Jr. Were cousins.
Vinny
Cousins.
Adam
Adam, I'm here to teach you. No, you're teaching.
Vinny
You're teaching all of us.
Adam
I gotta shake your God.
Vinny
Yeah. No.
Adam
And get it right.
Vinny
I learned a lot.
Pat
Thank you.
Vinny
You know, being born and raised in Miami, I've never had to worry about whether it's raining or not. It happens. I didn't think that Hitler would come up in here. When I think about making it rain, being in Miami, I'm thinking of Fat Joe and Lil Wayne.
Adam
Yes.
Vinny
At Club 11. That's what I'm thinking about. But thank you for clarifying and thank you for teaching.
Adam
But here's my.
Vinny
I'm gonna enroll in Vinny's. But geoengineering questions coming soon. Question to you and your unusual suspect.
Adam
Circle a question to you. Does it. Is it bother you at all that the governor of the state that you live in is saying, don't spray stuff in the sky to mess with Florida? No, hold on, Adam. And I'm talking about your breathe. The stuff that just comes. We're by an airport, right? The stuff that just comes out of the fuel. Fuel alone is not good for us. I get it. We still have to fly. But if they're spraying stuff because they think that we're messing up the atmosphere in the ozone, that should be a problem. And it goes to my point. The Hitler story came in is they have been lying forever. Forever. And this is just another one. The Hitler one was just in my.
Vinny
Who's they?
Adam
They.
Vinny
Them.
Pat
They.
Adam
Them.
Pat
They.
Adam
Them.
Vinny
That's a callback.
Pat
Yeah.
Vinny
Got to make sure.
Tom
So it's more than one?
Adam
Yeah, more than one.
Vinny
I'm just genuinely grateful that you're on this topic. Yeah. And I'm just gonna focus on, you know, the markets and then all that. You just keep in touch with geoengineering.
Adam
Let me ask you a question.
Vinny
Maybe they'll bring Hitler back with the woolly mammoths. That's the scary part. Exactly. How did I know you were gonna.
Adam
Bring back Hitler? Raise him so you could kill him. Right.
Vinny
If you had a chance to kill baby Hitler, would you?
Tom
Yes, we are. We are just all over the place. Go to the website and future looks like so you can think this way.
Pat
Anything else with the two of you guys, or you guys are good?
Adam
I think we're good.
Vinny
No, him and I. Him and her.
Adam
They.
Vinny
Then we're going to go have lunch after.
Pat
Them.
Benny Johnson
Yeah.
Pat
You and they.
Benny Johnson
Them.
Pat
All right, let's do this. Last one here. Okay. Panama Canal. Panama files criminal charges against Chinese linked Canal Port owner C.K. hutchinson for breach of contract. So, Tom, when I'm reading this, what it tells me is the fact that they want us to own that place, not China to own that place. That's kind of how I'm reading this. Let me read the whole story and then I'll come to you.
Tom
Panama's getting a phone call. That's what happened.
Pat
Well, Panama's getting a phone call. I see what you're saying.
Vinny
Got it.
Pat
So, Rob, I'm trying to find a page. I don't know if I got it here. So, Tom, why don't you tell us, what's your biggest takeaway from the story? With Panama Canal and Panama not being happy about it.
Tom
So Panama's Comptroller General. So this is a government official. This is like the guy in their, you know, Congressional Budget Office equivalent in Panama is saying that a criminal complaint by the government has been filed against Panama Ports Company, which is subsidiary of Hong Kong based Hutchinson Wampoya or Hutchinson Port holdings, which is the WK Hutch and the guy, Lee Cashing. And so what people are speculating and I am, and I don't think this is a conspiracy. It seems kind of weird that a deal with BlackRock was almost done for the two key ports because there's many ports, but there's the key ones. Balboa and whatever the other one is. Diego. Whatever it is.
Adam
Diego Garcia.
Pat
Yep.
Tom
No, no, that's in the Indian Ocean. That's the base. But anyway, there's two key ports there that blackrock had this big deal to buy from from, you know, Lee cash in, and all of a sudden he gets a phone call apparently from Beijing that says maybe slow roll your purchase here. And he said, well, I'm still upset with you. And they said, I told you to slow roll your purchase. Then Panama comes out because the US government was the ones that wanted BlackRock to buy this thing. The administration thought it was a really good idea for BlackRock to do this. So I feel like the CIA or somebody is called Panama and says, excuse me, it is a really good idea for BlackRock to do this. Yeah, well, the China's stopping the W. The Hutch guy, Lee cash in. He said, are they behind on their rent payments? Have they paid their taxes? Do you have any outstanding parking tickets?
Pat
They're behind a lot, by the way.
Tom
And they're turns out they're behind on more than a parking ticket. $300 million. And then we said, perfect, start the process to seize it. And that's what this is. This is the government starting the process basically to foreclose is basically what you have here, which is exactly what the US Would want. And it says, you know, because we can have a little auction and, oh, BlackRock will show up and win the auction and they get the ports anyway. So I feel like what we're watching Here is a 3D chess game with the ports in Panama being played because it is strategically important to do what. What needs to be done here. And I think it's going to get done one way or another. And this is one of the or anothers.
Vinny
Got it.
Pat
Benny, do you have any opinions on this on Panama Canal?
Benny Johnson
The Panama Canal's ours. What I mean by that is it's sovereign American territory. The only reason the Panama Canal exists is because America went and built it. And then when it was built, it was American sovereign land for 10 miles north and 10 miles south. Once the canal was built, that lasted for 100 years. Why we gave that back is so stupid and it's so dumb. It is ours. You go down there, there are American military bases, there's American construction. The entire thing was totally laid with American blood. And so this. This has kind of this. This history to it. That is not Chinese, that does not belong to our enemies. And I think it should belong back to America. I really do. I think it's like claiming almost like a birthright for something that couldn't. That. That wouldn't have been possible without our country. Other nations tried to do it. France started the Panama Canal. They couldn't complete it. They couldn't get it done, and they failed. They abandoned it. And it was America that stepped in. And also, one final thing very interesting. Panama is not a real country. Panama belonged to Colombia. Panama became a real country with American might and naval resources to build the Panama Canal. So Panama should thank us. The leaders of Panama should thank us for the existence of their country. Just like China.
Vinny
Do we have a clip of Pete Hegseth?
Tom
Forget about that part. Panama literally was the Alaska for Colombia. It was this thing way over here that you owned.
Pat
Interesting.
Benny Johnson
That's right.
Pat
What is this?
Benny Johnson
Rob, this is Pete Hegseth.
Vinny
He was at the canal, I believe this was yesterday or on Tuesday, where.
Tom
He talks pretty much about what.
Pat
So that's Panama City, Panama, not Panama City by Florida. Correct. Panama City nightlife is phenomenal.
Vinny
Spring break. It is a great time of year.
Tom
Secretary Pete's also in favor of that, so go ahead.
Vinny
That's messed up, bro.
Adam
No, he likes to party to.
Pat
Go ahead.
Benny Johnson
Panama and the United States, less secure, less prosperous and less sovereign. And as President Donald Trump has pointed out, that situation is not acceptable.
Adam
We are grateful to President Molino, Minister.
Benny Johnson
Abrego, and your teams, along with the Panama Canal Authority, for responding to these threats and safeguarding the canal. President Molino's decision to withdraw from the Belt and Road Initiative reflects his government's clear understanding of China and the threat it poses. I want to be very clear. China did not build this canal. China does not operate this canal, and China will not weaponize this canal. Together with Panama in the lead, we will keep the canal secure and available for all nations through the deterrent power.
Adam
Of the strongest, most effective and most lethal fighting force in the world.
Pat
That does kind of look like right outside of Club Lovila in Panama City.
Adam
It does look like it does.
Pat
Adam, go ahead.
Vinny
No, I just, I think what I find it's interesting is that of all people to be speaking about this, why the Secretary of Defense? Not Secretary of Commerce, Not Buddy, who specializes in trade, Not Rubio. Yeah, not Rubio. Secretary of State. Like why Department of Defense. That's my only question is because it was the.
Benny Johnson
Because Panama exists. Because the American military. Panama was part of a different country. We decided as an American military movement and strategy to break that off, to align with the Panamanian independence party and to make Panama. We made Panama.
Vinny
We made Greenland great again.
Benny Johnson
It's a great. We may Panama grade again. And Greenland, you have the same argument. Greenland was administered after Denmark fell to the Nazis in like, I don't know, a second. Greenland then technically was like, what are we going to do over here? And it was minutes before Nazi submarines and U boats were showing up on Greenland. Yeah, it was the American military that protected that island and that protected that island in our hemisphere and was the administrator of it for the entire war. And so. And we get no thanks for that. Instead they spit in our faces. And so I love the return to Pax Americana. I frickin love it. I live it in the golden era.
Vinny
What I think is so incredible is, you know, we talked about this the other day, but like, how Trump is going to. Where would he deal with Iran yet? We're dealing with the border, we're dealing with Russia, we're doing Ukraine with Israel. We got Greenland, we got Panama, we've got. We're making the Gulf of America. There's so much stuff going on that. When did you ever think about the Panama Canal before Trump? When did you think about Greenland?
Benny Johnson
Right.
Vinny
When did you think USA has taken over Gaza? He's doing. So I don't even know if this guy sleeps at this point.
Pat
I love. Literally don't even know what's going on. Now let me tell you what did happen earlier today that everybody on the news is reacting to. So at the, at the border, this guy's. Did you see this clip of the guy jumping? So there's this. Rob, if you can prepare this. So there is a guy. Look at this. This immigrant, legal immigrant flies in press play.
Benny Johnson
We need these people out of our country.
Pat
This is the border. This guy just comes home.
Adam
The hell is that?
Benny Johnson
No, look at this guy.
Pat
So he looks European, like maybe even a German going to Argentina.
Benny Johnson
Russian Watch.
Adam
This guy works. This guy works out. Look at this barbed wire, dude. What kind of wall do we have?
Benny Johnson
And he's in shorts.
Adam
Look at this guy legs. What a stud that is.
Pat
Who is this guy?
Benny Johnson
Third world scout.
Vinny
And there's a Chinese cl.
Adam
Oh my. Benny comes in.
Benny Johnson
He's got to go. They've got to go home.
Tom
And he's got a backpack full of fentanyl. It's a mule.
Benny Johnson
There's his mule. The cartel. This guy's cartel guy's mule with them.
Adam
What a drug dealer?
Vinny
That's a gangster ass.
Pat
You don't want to wait, guys.
Vinny
I told you walls don't work.
Pat
You can go.
Benny Johnson
Last but not least, home before we wrap up.
Pat
Today is the greatest man's birthday. Today. My dad today turns 83. 83. The man, he turns 83 today, Pop. You're probably going to see this year. Happy birthday. Family loves you. We love you here. You're. You're. You're incredible. That's him right there in the picture. Look at that picture to the left. Zoom in a little bit, Rob, if you can. Is there a way to zoom in.
Adam
The pictures with djt?
Pat
Yeah, look at that. That's him. And Trump at the podcast said with the family, with the kids, with everybody, even Vinny. Look at Vinnie at the beginning. Go to the other side, Rob, to see which picture you got of. Is there a Vinny picking?
Benny Johnson
There is.
Tom
It's right down here.
Pat
There it is. Which is this one.
Adam
Look at that.
Pat
You and Tico as usual talking politics.
Adam
Look at that. Talking politics from back then.
Pat
Yeah. And that's little Dilly Boy and Grace and Shawnee. Look at that one right there. That's Tico boy.
Adam
That's what?
Pat
Look how small he is.
Adam
Oh my goodness.
Pat
Look how small he is. Anyways, Pop, happy birthday. Happy birthday. We love you. We will see you soon and we're gonna have a good time to another great year. We'll see you Anyways, Benny, great to have you on. This was a blast.
Benny Johnson
This was.
Pat
Looking forward to doing this again.
Benny Johnson
Amazing. Do you have any behind the scenes Trump story for us when he was here? Anything you have never told anyone?
Pat
Yes.
Benny Johnson
Since you said he's on screen.
Pat
Wow. Now we. We have some real good ones. Real good ones that. Because in the. In the middle of it, something had to happen.
Vinny
Oh yeah.
Pat
Where they had to leave 45 minutes early and we had prepared for a 90 minute interview and it was a three minute negotiation live. We had to cut that clip and he and I and nine people in front of us. Rob's in the room. Rob, we're going back and forth. And then right there, he told the scene. We got to go 45 more minutes. And then we did the whole hour and a half interview. The guy was a blast from the beginning. He came into the end. His team, class acts, phenomenal, easy to deal with, smooth, even them, even though they have the guy, that's the president, the billionaire, the celebrity. They were hospitable. They were respectful. Class act. Beginning to the end.
Adam
Yep.
Pat
Beginning to the end. And it was great to see. It was great to see with him. Anyways, guys, take care. God bless. Do we have a pot? Yeah. Tomorrow podcast with Ilya Toporio is going out, and then we'll do this again next week. Take care.
Benny Johnson
Bye.
Release Date: April 10, 2025
Host: PBD Podcast
Guest: Benny Johnson
The episode opens with a lively exchange between hosts Pat and Adam, setting an engaging tone. Pat enthusiastically welcomes Benny Johnson, highlighting his recent adventurous entrance by "jumping the fence" to join the discussion.
The core discussion revolves around President Trump's imposition of tariffs on China, Canada, Mexico, and other nations. Benny and the hosts dissect the timeline of these tariffs, their intended purposes, and the ensuing retaliations from affected countries.
They explore the strategic moves by Trump, emphasizing his commitment to "America First" and the economic warfare against perceived unfair trade practices, particularly targeting China.
The discussion shifts to the stock market's volatile reactions to Trump's tariff announcements. Hosts analyze the immediate effects on the Dow Jones, NASDAQ, and the broader economy, referencing key figures and expert opinions.
The panel debates whether Trump's aggressive tariff strategy will lead to an economic downturn, with Benny advocating for resilience and strategic investment despite market uncertainties.
A significant portion is dedicated to Florida Governor Ron DeSantis and the potential political landscape within the Republican Party. Discussions touch upon the possible gubernatorial run by DeSantis' wife or Byron Donald, highlighting internal GOP dynamics and the balance between traditional Republicans and the MAGA faction.
The hosts express optimism about Florida's future under continued conservative leadership, emphasizing the importance of intra-party competition for growth and innovation.
The episode features a critique of mainstream media outlets like CNN, focusing on perceived biases and mishandlings, such as incorrect pronoun usage. The panel discusses broader social issues, including the enforcement of pronouns in professional settings and the media's role in shaping public perception.
They highlight incidents like Anderson Cooper's misgendering and debate the implications of such actions on public discourse and media credibility.
Benny introduces controversial topics, such as the CIA's search for Hitler post-WWII and the Panama Canal's strategic importance. These segments delve into historical conspiracies and their modern-day implications, with the hosts expressing skepticism towards official narratives.
The conversation underscores fears of ongoing global manipulations and the need for vigilance against perceived threats to national sovereignty.
In the closing segments, the hosts address lighter yet contentious topics, such as innovative business practices and unconventional restaurant discounts targeting specific body types. Additionally, they share personal anecdotes, including Pat's tribute to his father's birthday, reinforcing the podcast's community-centric approach.
The episode culminates with a mix of humor and heartfelt moments, maintaining an engaging and personable atmosphere.
Tariff Strategy: Trump's aggressive tariffs aimed at rectifying unfair trade practices, particularly against China, have led to rapid market fluctuations and retaliatory measures from global partners.
GOP Dynamics: The Republican Party is at a crossroads, balancing traditional conservative values with the rising MAGA faction. Leadership figures like DeSantis and Byron Donald could shape the party's future trajectory.
Media Accountability: Incidents of media missteps, such as incorrect pronoun usage, reveal underlying biases and contribute to public distrust in mainstream news outlets.
Historical Skepticism: Discussions around CIA actions and the strategic significance of the Panama Canal highlight ongoing concerns about governmental transparency and global power plays.
Community Focus: Personal stories and tributes underscore the podcast's emphasis on family and community, blending serious political discourse with relatable human experiences.
Episode 575 of the PBD Podcast offers a comprehensive exploration of the turbulent interplay between Trump's tariff policies and China's retaliatory actions. Benny Johnson's insights, combined with the hosts' dynamic discussions, present a multifaceted view of current political and economic landscapes. From internal GOP challenges to media criticisms and historical conspiracies, the episode provides listeners with a thought-provoking narrative on America's standing in a rapidly changing global environment.
Note: The timestamps referenced correspond to the provided transcript and serve to contextualize the discussion points.