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- [00:01]
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Narrator
Today, Lisa Schneider will train in her office job to become the leader of a pack of dogs as the owner of her own dog rescue. That is a second act made possible by the reskilling courses Lisa's taking now with AARP to help make sure her income lives as long as she does. And she can finally run with the big dogs and the small dogs who just think they're big dogs. That's why the younger you are, the more you need AARP. Learn more at aarp.org skills so when.
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Political Commentator
I ask, what is Odoo, what comes to mind? Well, Odoo is a bit of everything. Odoo is a suite of business management software that some people say is like fertilizer because of the way it promotes growth. But you know, some people also say Odoo is like a magic beanstalk because it grows with your company and is also magically affordable. But then again, you could look at Odoo in terms of how its individual software programs are a lot like building blocks. I mean, whatever your business needs, manufacturing, accounting, HR programs, you can build a custom software suite that's perfect for your company. So what is Odoo? Well, I guess Odoo is a bit of everything. Odoo is a fertilizer. Magic beanstalk Building blocks for business. Yeah, that's it. Which means that Odoo is exactly what every business needs. Learn more and sign up now@odoo.com that's.
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Od oh oh.com weak, pathetic, vile, cruel. All of these things. Describe that piece of trash in the Oval Office named Donald Trump, who increasingly looks so utterly pathetic to the international community. And we know here in the United States that his approval is plummeting. And I think the world is seeing what a pathetic and weak fool he is. This meme right here, see kind of defining the Trump regime right now, it's Donald Trump in AI form wagging his finger at a little girl saying, you will own one doll and one pencil and you will be happy, little girl. And you're going to pay more money for it because the Trump regime central planners say that's what little girls get. Stop asking for all of these dolls. That's actually something that Donald Trump's been repeating over and over again as his presidency continues to plummet and spiral out of control. Now, as Donald Trump is doing that, let's take a look at what else he's doing as well. Of course, yesterday he continued to push his Trump meme coins, enriching himself, as he's still done no deals in the trade war against the world. One of the things we've learned is that the Trump family net worth, though, while Donald Trump's wagging his fingers at little girls saying, you can only own one pencil and one doll. And while mortgage rates are soaring and housing is less affordable and inflation is on the rise, the new Goldman Sachs report shows inflation's coming back and it's coming back bad, folks. Donald Trump's family's net worth has increased by $2.9 billion thanks to crypto investments, according to new reports. Also, we know that the Abu Dhabi Fund is going to be using Trump crypto in billions of dollars worth of transaction, shifting transaction fees right into Donald Trump and his pocket. As Donald Trump then continues to do deals with Qatar for Trump Resorts, deals with Saudi Arabia for Trump Resorts in oman, and Don Jr continues with his club called the Executive Branch, which he's selling memberships for for $500,000amembership. One of the things that went down yesterday that we got to talk about as well is Donald Trump firing his surgeon general via a social media post. Now, Donald Trump's prior surgeon general was a surgeon general named Dr. Nashuat. And Laura Loomer wanted that doctor fired. So then Donald Trump hired like, like social media, like junk science, fake science kind of influencer person by the name of Casey Means, who I don't even think is a licensed doctor to be the surgeon general. And of course, Donald Trump announced it via social media post. Donald Trump goes. I am pleased to announce that Dr. Casey Means will be nominated as our next Surgeon General of the United States of America. Casey has impeccable MAHA credentials credentials and will work closely with our wonderful Secretary of Health and Human Services, Robert F. Kennedy Jr. Well, Andrea Love, PhD, explains Casey Means is a grifter who dropped out of her ENT residency to start a company selling glucose monitors and health all to non diabetics. She doesn't know basic science yet claims she's a metabolism expert. Incomplete ENT residency does not an expert make. But of course, she's now up for Surgeon General. Pat Dennis says Here's a list of things our new Surgeon General Casey Means did to find love at age 35 per her newsletter shrine, full moon ceremonies. She talked to trees and then she did mushrooms. Even Donald Trump's close advisor Laura Loomer says, what are you doing? Aren't Surgeon Generals supposed to be talk top doctors, not people who appear not to even have their licenses? We'll report more on this today, but that's Donald Trump's Surgeon General for you folks. Also, Donald Trump tends to announce today, according to the New York Times, that he's going to do some sort of deal with the United Kingdom. But it seems to be one of those fake deals to manipulate the market again, because Donald Trump realized that systemically our market, our actual economy right now is breaking. But what he saw with his trade war against the world is that he can move the market and manipulate it, especially for his rich oligarch friends who get inside tips or learn about it through private meetings. And he can do that by tweeting and posting about things. But when you actually look at what this UK supposed deal is going to be, the deal won't even get rid of the 10% tariffs on the UK it looks like there will be a reduction in tariffs on British cars in exchange for the UK lowering taxes on digital services like Google. So it's not a deal. Is is this one of those sub deals that Treasury Secretary Scott Besant is talking about? A. Spencer Akimian says, yeah, every six hours, Donald Trump's gonna come back with a new massive trade deal that ends up being absolutely nothing just to pump the markets for a few hours. Here was Donald Trump yesterday during that bizarre press conference that we covered here in the Midas Touch network where he was asked, are you willing to pull back your tariffs to get China to the negotiating table? Remember, Treasury Secretary Scott Besson says he's going to Switzerland to speak with China's trade representatives. So the reporter asks, are you going to pull back any of these tariffs? Trump sabotages Treasury Secretary Scott Besson's talks with China before they even begin. Trump says no. Here, play this clip right here.
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To have substantive negotiations, you have to.
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Bring down your 145% tariffs.
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Are you open to pulling back your.
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Interviewer
Tariffs in order to get China to the negotiating table?
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Political Commentator
No. A reporter then follows up with Donald Trump and says China said that the US Initiated the trade talks this week. What do you say about that? To which Donald Trump said, they're wrong, they're lying. Donald Trump, you pretty much have the track record of lying right here. Let's play that clip. We will, but we haven't made that decision yet. China said the US Initiated the trade.
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Expert/Analyst
Talks this weekend and that its position hasn't changed.
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Political Commentator
Are you still confident you can reach.
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Expert/Analyst
A deal with China they said we initiated? Well, I think they ought to go back and study their files.
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Political Commentator
Okay. I do think that that's what Donald Trump saying right there. What is Xi Jinping saying? Well, Xi Jinping is taking a trip to Russia where he is going to be in Moscow meeting with Vladimir Putin. Do you see, by the way, both of them giving Donald Trump the middle finger right here? It is a move showing that they think Donald Trump is utterly weak and pathetic. And trust me, our NATO allies who now see Donald Trump as weak and pathetic know exactly what this meeting between Putin and Xi Jinping is about. And ahead of this meeting, China. Xi Jinping likens US Hegemony to fascist forces. Ahead of this meeting, Xi Jinping has drawn a parallel between the modern day US hegemony and the arrogant fascist forces of 80 years ago. Ahead of Thursday's Moscow summit with Vladimir Putin and Second World War victory day celebrations, the Chinese and Russian president are using the visit to signal the strength of their alliance against the US Led international order. As Donald Trump unleashes tariffs on Beijing and tries to push Moscow towards a peace deal. I don't think that's what Donald Trump is actually doing there. The just forces. This is the quote from Xi. The just forces of the world, including China and the Soviet Union fought bravely and defeated the arrogant fascist forces side by side, she wrote in an article published in Russian and Chinese media. Before his arrival in Moscow on Wednesday, he added, 80 years later, unilateralism, hegemony and bullying are extremely harmful. Humanity is once again at a crossroads. Moscow struck a similar note in the run up to church to Thursday summit, the first between Putin and Xi since Trump took office in January. The just forces of the world, including China and the Soviet Union fought bravely side by side to defeat the arrogant fascist forces she wrote in the article. And, and, and again analogizing it once again to what's going on right now. Want to share this with you though, because let me bring you some other just objective data. I want to share with you what's going on in the Seattle ports. So first I want to show you the guy who's leading the Seattle ports right now so you can see what he's saying about the ships coming in. Let's play this clip first. Let's play it.
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Interviewer
So it's great to have you here tonight, sir. The tariffs so far, I wonder for you directly what is the impact that you're seeing? How could you sum up how much your job has changed because of the policies coming out of the White House tonight?
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Port Authority Representative
Thanks for having me, Caitlin. You know, I can see it right over my shoulder here. I'm looking out at the port of Seattle right now and we currently have no container ships at birth. And that happens every once in a while in normal times, but it is pretty rare. And so to see it tonight is I think, a stark reminder that the impacts of the tariffs have real implications. It means that we don't have longshore workers on the dock right now unloading merchandise. We don't have trains taking that merchandise to inland ports and all the way across the country to places like Des Moines, Iowa and Chicago, Illinois. And that's hundreds of jobs right here in our region and across the country.
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Interviewer
You have none at your port right now.
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Port Authority Representative
We currently do not have any container ships at port right now. That's correct.
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Interviewer
And that's because just nothing is being shipped over. I mean, that's pretty remarkable.
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Port Authority Representative
It is. It's pretty unusual. We do anticipate, I was looking at our schedule. We anticipate about 25 vessel calls between here and the Port of Tacoma over the next seven days. And keep in mind, we're not just importing from Asia or just China. We do have activity from all over the world, largely the Pacific Rim. But we are seeing a significant drop in container volume through our.
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Political Commentator
And now let me play for you the guy who's leading the ports in Los Angeles, in Long beach over here. So you can see what he's saying right now. Here, play this clip.
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Interviewer
Just describe for us. Let's take a beat. Ready? Frame it for us. How much volume has just dropped off in the last few weeks?
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Expert/Analyst
Yeah, about a third of the import volume. Volume, which means give or take about 50,000 twenty foot equivalent units gone off the arrivals coming in next week from.
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Interviewer
Next week is when you expect to see this really hit.
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Expert/Analyst
That's correct. And that matches up the announcements back on April 2nd. Then on April 8th, a little bit of a change on everybody. Ex China, Mexico, Canada, and those arrivals are coming at us this weekend.
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Interviewer
Well, of course, dedicate time to your Paul, but I'm just wondering how you're anticipating the this rolls and ripples through the economy from here, how it hits trucking when this turns up on the shelf. What's the distance, the time from when you see a drop off in volume and when we as consumers see the shortages.
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Expert/Analyst
Right. So CEOs are telling me hit the pause button. Right. I'm not going to import any more at these kind of prices. Let's wait and see. I don't know if it's going to be two hours, two days or two weeks till I get some clarity. Then hiring all the, the table for right now, capital investment pause. And the retailers are telling me that realistically with even the 10%, I'm going to have to pass it on to the consumers.
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Narrator
So, so how much is this really coming from all over? It's not just about China. This is about really global trade coming.
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Interviewer
To a standstill until there is a.
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Narrator
Much greater degree of certainty and a much lower tariff rate than even the baseline that's been put out there.
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Political Commentator
Yeah.
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Expert/Analyst
When I was last with you all, Lisa, I said global trade is going to slow flow, economies will follow. And that's exactly what we're seeing. Back in November, so many of us were wringing our hands about 4% inflation. We've just added 10 percentage points, imports coming out of Southeast Asia for our port and these unbelievable numbers out of.
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Political Commentator
China, now I bring you that objective data because while Donald Trump's out there lying, while you see Xi Jinping and Putin forming stronger alliances against the United States, so you see what's going on there. While you see a war between Pakistan and India, India attack Pakistan after a terrorist attack in Kashmir, and that they're at war with each other right now, a hot war. You see that Donald Trump has no clue what he's doing and all aspects, economic, foreign policy, you name it, Trump has no clue. So let me just show you one other objective data. I want to show you hard data, the ports. And now I'll just show you what the chairman of the Federal Reserve, Jerome Powell said yesterday. Here, play this clip.
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Federal Reserve Chair
What looks likely given the scope and scale of the tariffs is that we will see certainly the risks to higher inflation, higher unemployment have, have increased. And if that's what we do see. If and if the tariffs are ultimately put in place at those levels, which we don't know, then, then we will see, we won't see further progress toward our goals, but we might see a delay in that, I think in the, you know, in our, in our thinking, we would get, we would never, we never do anything but keep achieving those goals. But we would, at least for the next, let's say, year, we would, we would not be making progress toward those goals again if that is, if that's the way the tariffs shake out. The thing is, we don't know that. There's so much uncertainty about the scale, scope, timing and persistence of the, of the tariffs.
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Political Commentator
So I think that paints to you a clear picture of what's happening in the world right now. And we'll keep you posted every step of the way here on the Midas Touch Network. But the message over and over again is weakness, weakness, weakness of Donald Trump. I don't know how you come away with something different and you think Donald Trump's gonna do a deal with China after what China just said and what Trump saying about China. The worst deal maker ever. Destroyer, not a builder. You tell me what you think. Hit subscribe let's get to 5 million subscribers. Can't get enough Midas? Check out the Midas substack for ad free articles, reports, podcasts, daily recaps from Ron Filipkowski and more. Sign up for free now@midasplus.com.