The Ben and Emil Show - BAES 96: China wants to make a deal...with YOU!

Episode Date: April 17, 2025

Well well well, if it isn't CHINA. Trying to make a deal with little old US. We always knew they'd come begging for us to buy their various wares and gadgets. And now here they are...TAUNTING us with ...their dirt cheap shoes, electronics, designer bags, and athleisureware. That's right: they've pulled back the curtain and showed us the Matrix and are offering us poor, brainwashed Americans the chance to cut out the middleman once and for all. But is it legit? Let's find out. Give this video a thumbs up if you enjoyed it! And please leave us a comment! It helps us! AUSTIN we are coming for you. Get tix here: https://www.creekandcave.com/events/ben-emil-live This week's bonus episode is one for the record books. Sign up and support the show at https://benandemilshow.com 🚨🚨🚨 Our Boston video is out now! https://youtu.be/emkpqsqSbF8 ***LINK TO OUR DISCORD: https://discord.gg/CjujBt8g ***Subscribe to Emil's Substack: https://substack.com/@emilderosa ***Trade with Ben at https://tradertreehouse.com Our episode with *Kyla Scanlon*: https://youtu.be/cIHWkY35cuc Big Tech is out of ideas (ft. ED ZITRON): https://youtu.be/zBvVGHZBpMw Arguing with a millionaire (ft. Chris Camillo): https://youtu.be/1ZUWTkWV_MM We bought suits HERE: https://youtu.be/_cM1XqA9n2U __ OPENPHONE: Streamline and scale your customer communications with OpenPhone. Get 20% off your first six 6 months at https://openphone.com/baes SELECT QUOTE: Get the right life insurance for YOU, for LESS, at https://selectquote.com/baes MOOMOO: Click this link https://j.moomoo.com/BAES to get up to 60 free stocks from moomoo U.S when you make a qualified deposit + earn 8.1% on uninvested cash for a limited time for new users!! Terms & Conditions Apply Securities are offered through Moomoo Financial Inc., Member FINRA/SIPC. The creator is a paid influencer and is not affiliated with MFI and their experiences may not be representative of other moomoo users. Options trading is risky and not for all. Read the Options Disclosure Document (https://j.moomoo.com/017y9J) before trading. Options are complex and you may quickly lose the entire investment. Supporting docs for any claims will be furnished upon request. Promo 8.1% APY (as of 12/18/24) for new users only until 03/31/25. Actual APY may differ. Rates may change. Click the link for Bank Deposit List, Cash Sweep and Promo details. __ This episode was edited by Connor Rousseau / @ conrad_roussrad Follow us on instagram! @ benandemilshow @ bencahn @ emilderosa Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript
Discussion (0)
Starting point is 00:00:00 All the headlines are saying, Ooh, China's found a way around the trade war. They're saying, oh, we're exposing. They're mocking American companies. They're exposing their tactics. I think they're more mocking Americans. What I'm saying is the narrative online right now is, oh my gosh, you guys.
Starting point is 00:00:18 These people in China are exposing the truth. We've all been played, and you can actually just buy from them direct. Some say, as long as there's a tag, saying, made in China, the bag can never be luxury. However, in fact, more than 80% of the luxury bags in the world are made in China. I like this one.
Starting point is 00:00:36 If you want to import from China, make sure you visit right places. Saxophone, Tianjin, Goes Down, Luan, Wi-Fi module, Shenzhen, dinosaur sculptures, zi-gong. If you want to import from China, got to look in the right places. Dinosaur sculptures. It's, uh, it feels right for them to mock us. Oh, my God Tell me what's going on
Starting point is 00:01:07 Oh my goodness Welcome back, everybody What a week, huh? What a week, huh? What a week? What a week? Wow, you look so blue, Daubu Dabodia. If I was green, I would die. Those aren't the actual lyrics,
Starting point is 00:01:35 but it was fun to say. What are the lyrics? I don't think that. I mean, who knows? I don't think there are lyrics. Boy, that song had a grip. That song had a grip on us in 2000. Or 1999,
Starting point is 00:01:46 whenever it was. Well, folks, first off, got to give a huge shout-out to the good people of Portland, Oregon. We had a great- Oh, yeah, big salute. Big, big, uh, crunchy salute to all the,
Starting point is 00:01:58 all the hippies in Portland another sold out show very fun what a trip yeah the projector there stunk man oh man nobody from the venue knows they can't hear us but that reminds us we're going to be
Starting point is 00:02:13 Austin already sold out which is great so it sold out very quickly we added a second show the next night we're going to be there again the ticket link for the new show is going to be in there if you weren't able to get tickets for Austin get him that's going to be I
Starting point is 00:02:28 think the first show is May 8th and the second show is May 9th. Yeah, Thursday, May 8th and Friday, May 9th. Or it might be Thursday, May 7th, Friday, May 8th. Whatever is, if you click the link, it'll, it'll tell you. We also have a show coming in Denver. Denver as well is live now. That's on June 1st, okay? Sunday, God's Day.
Starting point is 00:02:49 God's Day. We're going to be celebrating the Sabbath and keeping it holy with you. June 1st, we'll be in Denver. second show in Austin regular show in Denver come get your tics Denver you don't get a second show unless you sell it out really quickly they only do shows in your crowd
Starting point is 00:03:07 is silent right now I'll say that all the haters all the naysayers they're eating crow hope the crow tastes good and hey by the way do us a favor give this video a thumbs up that helps us out a lot and why don't you go ahead and leave a comment
Starting point is 00:03:23 let us know how what you what you think, what you like about all this wacky China market stuff because we care about what you think and we read them all. We love those likes and comments. Yeah. Please feed them to us. Greetings to any new viewers or listeners out there. We had a, we had a heck of an interview with Jim Carson on the weekend rip on last week on Friday. And man, oh man, it was good. And we hope to have him on again soon. Man, we're just going to be traveling all over the dang place because then we got New York coming up for the... Yeah, we're going to be all over the dang place.
Starting point is 00:03:56 We really are. And it's going to be okay. We're going to be... I'm tired already. Yeah. I got to find someone to watch Doug. Oh, jeez. I have someone.
Starting point is 00:04:07 This is what we do for you guys. Yeah, this is what we do. We abandon our animals. I've abandoned... I've abandoned my child! I've abandoned my son! Oh, jeez. Anyway, should we get right into it?
Starting point is 00:04:28 We should get right into it. We're going to be talking about more of this ongoing trade war stuff. I'm sorry if you're not a big trade war guy, but yeah. Or girl. Or girl. But I am, I'm sorry. I'm glued to the dang screen. I'm absolutely fascinated there.
Starting point is 00:04:42 I'd appeal them off. Every day, I'm just watching the global economy reorient itself. Whoa, whoa, careful. You mean re-Asian itself? Reorient itself. We don't say that anymore, but I'm gobsmacked, frankly. Is that fair to say?
Starting point is 00:05:00 That is fair. You are gobsmacked. Not to be confused with the band. Godsmack. I have no affiliation. What song was theirs? Gobsmack by Godsmack, which was confusing a lot of people. I like a band that makes a song out of their, one of their tracks is the band name.
Starting point is 00:05:19 Oh, dude. Especially when it's the album name too. Black Sabbath by Black Sabbath on the album Black Sabbath. Are you serious? Wow. I'm glad you were ready to go with these. I believe it's... ACDC?
Starting point is 00:05:32 No. But there's... Mudvane. Who sings? I'm hot-blooded. Checking C. No, maybe it's not them. Oh, bad company by bad company.
Starting point is 00:05:44 Oh, bad company. Yeah. Wow. Those are incredible. I know there's more out there. There's some guy typing furiously. What about the one? My favorite piece of trivia is the...
Starting point is 00:05:52 is asking baseball heads the names of the, or NBA, basketball heads, people with basketballs for heads. I like asking them if they know all four of the teams that aren't plural, that are singular. For example, Miami Heat, Oklahoma City Thunder. And I can't name any others right now because I don't remember them. But people do be remembering them. Yeah.
Starting point is 00:06:18 The L.A. L.A. L.A. L.A. L. Yeah. Used to be the Minnesota Lakers, I think. Nick. Yeah. I think there's actually quite a few. That are singular? Yep.
Starting point is 00:06:27 Yeah. Milwaukee Buck. I'm singular. Remember singular wireless? This is just going to be a nostalgia episode. Washington Mutual. So let's get right into a market update, shall we? Because last week was one for the history books.
Starting point is 00:06:42 And boy, oh boy, did it. It sucked and then it rocked. We were so over, then so back, then kind of so over again. and now we're kind of not sure whether we're over or back, and that's okay because this trade war just keeps continuing. But that's why you keep it tuned in here. Well, we'll keep you abreast of all the different things. We're going to keep you so abreast.
Starting point is 00:07:05 You're going to be craving a bra. You're going to be needing one of these things. Unless you don't like to wear a bra. Anyway, last week, Donald Trump tweeted on Wednesday. Where was it Tuesday? It was Tuesday or Wednesday. He tweeted, now is a good time. Wednesday. It was Wednesday. Like I said, he tweeted, now is a good time to buy, DJT.
Starting point is 00:07:27 He wasn't, he was signing off with his initials, which was kind of inexplicable. But then he also tweeted, be cool, be cool. Everything is going to work out well. The USA will be bigger and better than ever before. He tweeted that first at 6.36 a.m. local time, or Pacific time. and then that's when he shortly thereafter he tweeted the thing about now being a good time to buy and myself and everybody else in the investing community trading world
Starting point is 00:07:56 thought boy this is pathetic hey even outside of the trading world I was like what a fucking loser you saw it? Yeah dang what were you doing you're just keeping up I'm just the Twitter guy yeah yeah you mean X? No I'll never call it X
Starting point is 00:08:10 you'll have to pry Twitter from my cold dead hands yeah I'm never ever going to call it that so then 15 minutes later, he puts a pause. He announces, they announced, the White House announces a 90-day pause on pretty much everything, tariff-wise, except for China. And boy, did everything absolutely rally. China got more, in fact. Yeah.
Starting point is 00:08:32 They said, you know what, China, you can have a little more. Yeah, you can take a little more. And since then, China has said, we're not even going to bother. I know. They're like, we're not playing your baby games. Yeah. There's no reason because it's already halting everything. It's, oh, geez, it's such a mess.
Starting point is 00:08:48 It's such a damn mess, folks. And China's trying to work with Vietnam and work with some of these other Southeast Asian companies. Oh, they're going all over. Xi is on the move. He's like us. He's like us doing B&E lives. But he's doing B&E deals. Did he add a second date to Vietnam?
Starting point is 00:09:05 Yeah. He's like, you know what? I'm coming back. We're cutting a lot of deals. Let's run it back. Let's add another night. So, hmm. The NASDAQ had its biggest rally.
Starting point is 00:09:15 since 2001. This is off the heels of it having one of its worst days ever. And that's how it goes in these bear markets, man. These bears, you know, they swipe down and then they perk back up and then they swipe back down and they bounce, they tank, they yada, yada, yada, bing, babo. It's exhausting. I'm especially ticked off because that means now we actually have to listen to the shit that he says and that he tweets.
Starting point is 00:09:41 We've got to pay close attention. Is this something that he's telegraphing? this something that we can take say it's just you're constantly on your stupid heels and you know okay but just let me let me get it out i saw a clip of bill mar talking about don't like bill mar but i saw a clip because he was talking about how kid rock had invited him to the white house yeah and he's like i i actually think trump's a great guy now he did you watch the video? I just saw it like a clip. He basically says, you know, the guy that I met in the white, thanks. If only I could make my nose bigger. You know what I mean? Babe. Listen, baby. He said, he talks
Starting point is 00:10:29 about how I had the guy all wrong. Yeah, I had the guy all wrong. You're such a loser. The guy that you see on TV isn't the guy that I met at the White House. Now, take with that, take that with whatever grain of salt or sand or whatever you want to call it. However you want to take it. But all I'm saying is he was a great guy. He was a nice, like, okay,
Starting point is 00:10:53 that's, I don't know, I get what he's saying, which is that, okay, the persona that we see is not at all, the persona running things behind the scenes. And I don't know if that... How is that supposed to help me when like he's just destabilizing the global
Starting point is 00:11:09 economy? He's, uh, he's just spitting in the face of a Supreme Court order, a unanimous Supreme Court order. But listen, that's not who he is, really. Talking about on a hot mic how he wants to get rid of homegrowns next and he needs Buceli to build more torture camps. I mean, you need five more, he said. But I'm just supposed to be like, oh, well, Bill Morris, he's actually kind of nice behind closed doors. Yeah, don't worry. That's not who he really is. So that's one thing that I'm now like.
Starting point is 00:11:41 taking i mean i always kind of figured that i always kind of assumed that he isn't such obloviating ass pimple you know but still it doesn't matter who he is behind the scene hitler could have been a real great guy by i had dinner with the furor okay he wasn't who he seems he was pretty nice frankly he wasn't that he was a lot more calm that's what it all it takes with all these guys they're like that guy was nice to me yeah It's not a big deal. Jesus Christ. Yeah.
Starting point is 00:12:15 Harvey Weinstein was a sweetheart to me. He didn't try to sexually assault me. He made my movie. Yeah. Jeff Epstein never asked me for a massage. I don't know what all the hubbub is about. Hey, gang. We want to take a quick break to thank one of our sponsors.
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Starting point is 00:14:00 Open phone, no missed calls, no missed customers. Anyway. Wait, what did the Bill Maher have to do with... Just that, that, uh, just speaking on how it kind of, for a brief moment, it assuaged my fears, like, oh, okay, maybe the guy... You saw Bill Maher do that and you were like, hey, we might be able to pull out of this. Wait, wait, I thought, I thought, okay, maybe if he's actually like sane and normal, quote unquote, behind the scenes, maybe there is something to be said about what he does in public.
Starting point is 00:14:38 Oh, like, there is actually a plan with all this. Sure. Maybe. I was like trying to, I was drinking whatever Kool-Aid they were putting in front of me. I'm like, yeah, sure, maybe, maybe this is, it was. It was copium. I was going to say, you were looking for a hit of hopium. Yeah. And, uh, you were, you would, you would take it from anywhere you could get it. Yeah, I'm fiended, baby. Hey, you got any more of that hopium? Jesus Christ, my skin is crawling. Do you have dinner with anyone lately? uh so then yeah so anyway trump tweeted that shit truth it tweeted it and the market rallied and uh people knew like that's that's what bothers me the most is there's such it was probably
Starting point is 00:15:18 the biggest that's what bothers been the most the insider trading of it all i mean i just in that one little thing that one little uh this this one little part of this entire shit storm is that obviously it's so it's so out in not even out in the open but it's just so painfully obvious a guy is as corrupt and um just has no regard for rules and laws and stuff and just finds a way to excuse any and all kind of questionable behavior as being within the scope of his abilities and uh his legal rights as a fucking head of state i don't know people made money on this millions of tens of millions of dollars there was a ton of options trades that went off that same day expiration meaning they needed the s and p 500 to make a big move on that same day and i mean
Starting point is 00:16:14 it's a bit of a head scratcher and would be pretty uh coincidental if it was just someone out there going man i think today might be a good day for a huge bounce you know a big truth guy and i like what don't says it's a nice time to buy let's get in there roll the dice let's see but it's going to be next to it. It would be impossible to, number one, find who made these trades. And number two, do anything in the court of law to prosecute them, at least while this guy's in office. So, in other words, it ain't going to happen.
Starting point is 00:16:46 And it's just another instance of the cruel men winning. But I also think that there's something to be said for the fact that he tweeted that first. Because some of those trades went off after he tweeted. Yeah, like, hey, I was just buying it because, The president said, now's a good time to buy. And I do what the president says. I do what the president says. Everybody should try to suck their own dick.
Starting point is 00:17:06 And I don't know if you heard Bill Maher said he's actually not like that behind closed doors. So, you know. Where did Bill Maher fucking come from? Was he always just a stand-up? Is that what he was before? Yeah. He was never like an actor? No, but he had that weird...
Starting point is 00:17:21 Face? That weird political show on ABC forever. It was like, I'm never going to remember what it's called. But it was like he would have a little panel. He would have comedians on it. to talk about political stuff. On ABC? I'm almost positive.
Starting point is 00:17:35 Wow, interesting. I mean, don't take me my word for that, Bill. I never take your word for it. Politically incorrect. That's what it was called. Boy, that's an easy title. Politically incorrect with Bill Marr. Oh, man.
Starting point is 00:17:47 Guys, I got a great title for this show. Politically incorrect. You know exactly what you're going to get. You do. That man is politically incorrect. He really says what he's thinking. He's a weird guy. He's like, I think he gets all of his romantic needs met with just sex workers.
Starting point is 00:18:04 Bill Maher? Is he like open about it? Yeah, I think so. I pay these girls to suck me off. It makes sense. Can you imagine a woman finding anything kind of redeemable about him? I mean, sure. Apparently he does have a very large dick, though.
Starting point is 00:18:17 Really? That's what one of the sex workers said? I wonder how much he paid her to say that. Who knows? Man, I would just die if I had a macropanus. It wouldn't be nice now. Oh, my God. I don't like when you make it sound Greek.
Starting point is 00:18:31 What? Omicropinous? Yeah. And then there's the famous clip. Should we play it? His friends made money? No, no, no. Everyone's...
Starting point is 00:18:40 Everybody's seen it. We know he was talking about... He was standing there with his chums in the White House saying, this guy made $2 billion. Billion dollars. He made $2.5 billion today. I did like this... It is a funny thing to crash at all,
Starting point is 00:18:56 and then reverse course on your dumb policy and let everything go back and be like like how much money I made. Yeah. Man, these guys, I just... So, I guess just real fast, I want to insert a bit of an editorial. Not that we ever, ever, ever do editorials
Starting point is 00:19:12 on this program, but if you're worried about this and it bothers you like it does us, worried about what? Just all this, like this corruption and trade war stuff. I wish I could,
Starting point is 00:19:28 I could, because some people at the Portland show who came up to us afterward were so sweet and they were like, the things that you guys have said just throughout the history of making this show have changed my life for the better and had a very positive impact on me. So there's a part of me that wants to be, not that that's responsibility falls on us, but like a voice of reason and some soothing anecdotes or something. Because it really does suck. My mom has been asking. me like what should i what should i what should i do with my money and all this and i just i just hope that uh just try to and this is for myself too because i i i have a an underlying sense of anxiety just bubbling beneath the surface at all times don't you yeah like like right now i it's not the cold brew it's not the zin i bought another puck of zins fuck me but it's just a constant feeling of of fright. Yeah. The people in charge right now are not only cruel, but they seem very stupid as well.
Starting point is 00:20:35 Yeah, which is a terrible combination. And yeah, I mean, when I say, like, if I think we're reorienting the way global trade works and everything, I don't think it's going to orient in a way that's good for us. I think we're, I mean, as we're going to get into, them crying foul about America getting a raw deal on all this stuff is just so absurd. Oh yeah, we've been getting the best deal. Yes. We've been winning. We've been absolutely fucking killing. Not to say that's fair or but I mean, you're just watching people shoot themselves in the foot for fun and maybe profit as well. I think some people are going to profit off this. I don't know. Yeah, is it fucking boredom?
Starting point is 00:21:20 I don't, who knows? But anyway, just so, hey, Ben, try to calm down. Just, Live your life. Stay healthy as best you can. Eat right. Don't drink. Don't smoke. Stop doing them zins, buddy. Go for a walk, folks. Or you could always read... I've been revisiting Magda Gables's... The letter she wrote, her other son, who was off fighting in the war. Right before she killed herself and her six children in Hitler's bunker. it's a good reminder like that I think it might take a while but these people will get it and
Starting point is 00:22:01 it's a good read and they know they're horrible and they know their unwelcome in this world and they will they will get what they deserve yeah Jesus I like that buddy that's good that's good
Starting point is 00:22:18 yeah and always remember that eventually all of us will be dead none of us will be remembered we will be forgotten when the heat death of the universe eventually consumes all the matter and the light extinguishes. But anyway, so part of Trump's plan, we know that their focus was getting the yield on the 10-year bond down. Now, I just need to just emphasize this because you'll probably see a lot about the bond market, and we're going to get to the China stuff in just a moment, but bonds are very important, folks.
Starting point is 00:22:53 very, very, very, very boring. But the bond market is like four times, five times bigger than the stock market. A lot more money in bonds. And all you got to know basically is that, yeah, bonds are important. And they needed the amount, the yield on the bond to come down, in particular the 10 year. They want it to come down. And that didn't happen. In fact, 10 year bonds, their yields climbed while stocks were dropping, which is like the two things that they didn't want to happen. It was not good. Those bonds hit 4.47% off the back of the steepest three-day climb since 2001. And some from the Trump administration tried to say like, no, no, no, it has nothing to do with the bond market.
Starting point is 00:23:43 And then Trump just came out and was like, I was looking at the bonds. Yeah, yeah. I didn't like what I saw. People were panicking and that's not good. He was saying they were getting a little yippy. Yeah, something like that. Hey gang, we want to take another quick break to thank another sponsor of the show. It's select quote.
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Starting point is 00:25:22 for less at selectquote.com slash bays. Go to selectcote.com slash bays today to get started. That's selectquote.com slash bays. So why is this important that the bond yields are climbing? Well, it basically translates to a loss of confidence in the United States government because bonds are usually seen, especially, especially United States treasury bonds, are seen as the safest thing in the world that you can put your money into. And what's happening right now is investors are demanding more of a yield, more of a return to hold treasury bonds because they're seeing them as becoming more and more risky. So the higher the risk, hey, United States government, fork it over, cough it up.
Starting point is 00:26:12 It means that trust is eroding a little bit in the United States. Because, again, think about it like a credit card interest rate. Credit card company is going to offer you a lower interest rate depending on how trustworthy you are. Or you got a friend who's hooked on cratum, you know? He's just like fiending for another hit of that sweet, sweet, legal, weird cratum. You know that shit? And he's like, I'm going through withdrawals. This shit's intense.
Starting point is 00:26:42 I need more cratim. I just need to borrow $500. You're going to charge him a high interest rate. Yeah. Unless he was trustworthy and he was trying to buy something else. Like, I don't know, pen and paper to write his manifesto. Right. If you're like, I just completely had it together and he was like, I think I'd like some
Starting point is 00:26:59 crate him. He'd be like, yeah, all right. Yeah, but if he's like fiending. So, yeah, that's what's bad. Anyway, those higher yields mean higher costs to borrow for companies. companies, which is not good because that slows the economy down, which is arguably kind of good for getting inflation down. But then it's also a higher cost to borrow for the government. And there you have it. So when you start to see headlines about 10-year yields
Starting point is 00:27:29 going up, just remember that that's not good. We want them to go down. And we'll see if that fucking happen. Jim, Jim Carsan who was, who was just on the show on Friday, thinks that we're going to double or triple from here on those 10 year bones. So that's not good. In a while, in like five years. Not, not anytime soon.
Starting point is 00:27:51 But still, that's... I know, but just saying that makes it seem like tomorrow. Yeah. No, that's not good. All right. You want to shift gears, dude? It's been a while. Yeah, let's shift gears. Let's shift gears. Let's shift gears. Do the thing. You hit the clutch. I can't.
Starting point is 00:28:06 Really, look at all the gas. He's a bad bus driver. I'm a bad bus driver. I actually hadn't been on TikTok because we were in Portland and I hadn't checked, but a bunch of Chinese people from these factories in China are just exploding on TikTok. We're being talented. It feels very reminiscent of, and we deserve it, it feels very reminiscent of the TikTok band days where people were making their way over to Red Note.
Starting point is 00:28:34 I forget how you say. in the actual Chinese one. It was like Zhawayn or something. I don't know. And people were going like, this is what China's like. This is what Chinese people are like? Yeah.
Starting point is 00:28:46 What? The government lied to us? And Chinese manufacturers are offering deals. I believe it's in a joking manner for the most part. Really?
Starting point is 00:29:01 Joking. I think it's mostly taunting. I think it's... But they're basically saying, look, uh, there have been a couple of high profile examples. One, there was a woman at the, I mean, we might as well play them, but, uh, you know, the Lulu Lemons. They're basically saying, look, we make all this stuff for you for very cheap in our factories. You guys get raked over the coals. We make this thing for $5 and then, uh, Lily Lemon or whoever imports it,
Starting point is 00:29:27 paying very little. And then you guys pay like 100 or 150 bucks. Yeah. Um, let's see, is this Yeah. Who are the suppliers behind Lulu Lama? Some of their yoga wares are actually from Xiangloong clothing and Hong Qisheng clothing. And guess what? Both factories located in Yiwu here. And these two factors also supply clothing
Starting point is 00:29:48 for Pila and Andarm. I guess most of you know the price of Lulamon or other big friends. They sell you a lagging pants for $100. And guess what? Here in these two factories, you can get them for around five to six bucks. Crazy. And what's even back?
Starting point is 00:30:04 The mature and the Cressman shit are basically the same because they all come the same production line. See, this is why people come to China and looking for the OEM factory because they just can get the cheapest and best quality product from there and sell you. I don't know how much. All right, guys, if you want to know more about Lulu Lemon or any other active wear brands, leave your message in the comment section. I'm Luna, your reliable sausage partner. You know, we ought to actually buy some of this stuff and do a comparison. that might be a good idea or not?
Starting point is 00:30:37 Oh yeah I mean I'm sure it's the same like this stuff is all manufactured in China I don't think Oh Go ahead I don't think Wait isn't there another one
Starting point is 00:30:47 I want to watch it before you Well hang up Wait I just want to Preface this with But yes So to my point I don't think she's actually being serious I don't think she really wants people
Starting point is 00:30:59 To reach out to her And then like start we don't well so that's the thing so a lot of the all the headlines are saying oh china's found a way around the trade war and it's a way to kind of not only stick it to American companies and the US government by proxy but they don't really have a way around that so I think the only realistic thing they could do is they so there was a there was a waiver for things coming in it could be up to I forget what the number is like $800 or whatever without getting hit on all these tariffs it's for big supply
Starting point is 00:31:31 right? So you can just send things without having to pay the tariff. Yeah, pay taxes and all these different things. That waiver is going away on May 2nd. It's not like you're going to be able to... But that waiver has been taken off and put on, taken off and put on because it causes a huge backlog of all these things that now, all these small packages that... Well, and part of the thing that these Chinese TikTokers and the companies at these various manufacturing facilities
Starting point is 00:31:59 and suppliers in China is they're saying oh we're exposing they're mocking American companies they're exposing their tactics we already basically knew that shit was made there on the cheap and then upsold here
Starting point is 00:32:12 we knew that I think they're more mocking Americans oh wow I found I mean they definitely were not mocking like I don't think people really think about this that much right I think everyone kind of knows like
Starting point is 00:32:25 oh sure they make it over there because it's cheaper, whatever. I don't think they really realize, like, because, I mean, how can you mock the manufacturer? I mean, the actual American company, they have the greatest deal in the world. They buy these units so cheaply, and then sell them to dumb America.
Starting point is 00:32:45 Like, we buy the cheapest shit. Right. And if it wears out, we just buy another one. What I'm saying is the narrative online right now is, oh my gosh, you guys, the Chinese, these people in China are exposing the truth. We've all been played and you can actually just buy from them direct, because that's what a lot of them are advertising. Like, hey, just buy from us direct, Americans. You can get these leggings for six bucks. Just contact us. And some of them,
Starting point is 00:33:15 some of these exporters are also suggesting that importers lie about the, kind of like how if you buy or sell a used car, you know, you'll play ball with each. other and be like, hey, can you just put the price as like $500? It's, it's something like that, but that's highly illegal. They were made, some people were making fun of them. We would never do that kind of thing. Of course, you saw the AI images of like those super, super overweight Americans making shoes and stuff in a factory. That was funny. But, yeah, they're, so there was, it started with this viral TikTok from this guy who's claiming that 80% of luxury bags. It started with the luxury bags. They're saying that they're like 80% are made in China and that the majority's
Starting point is 00:33:58 done in China and that all that happens is they then get shipped off with the repackaging and the branding done elsewhere. So let's play that China wants to make a deal with you. So this is what people are saying. Please go look up your favorite brand and China warehouse on TikTok. They are really fighting back. They said those leggings y'all pay $100 for at Lulu Lemon. We'll sell it to you for $5 and help you get it back to the States. Like, that's, that's the, that's this narrative that's a 13.6 million views. People really think this. And it's not, it's not accurate because.
Starting point is 00:34:32 What part is inaccurate? Well, so like there's all these videos that claim, hey, we're, we'll, we'll sell it to you direct. This is. No, but what part of that is inaccurate? I don't think that there, it's not exactly. So like she said, you know, similar to Lulu Lemon. It's not the same quality. It really isn't.
Starting point is 00:34:54 And so, like, the main... Let's play this one. This is kind of the big one. Some say, as long as there's a tag, say, made in China, the bag can never be luxury. However, in fact, more than 80% of the luxury bags in the world are made in China. Pause it for one second. I do think this is very different, though, than the leggings thing. Yeah.
Starting point is 00:35:16 This is... He's talking about luxury bags. Yeah. And, like, luxury bags that are made in... Supposedly, like, if you want to talk about the Birkenbag or Hermes or whatever, made in France, like skilled artisans, whatever, versus a Chinese factory. They're talking about Lulu Lemon leggings being made in the same factory, it just might not have your Lulu Lemon tag on it or whatever. That feels very different. Yeah. Well, so this guy's thing with the luxury stuff is he's saying, this is where people's brains kind of, this is where people's brains kind of.
Starting point is 00:35:51 kind of suck at this, because a lot of people think, oh, fucking Birken bags are actually made in China and they're, like, repackaging? Not true. Most of these luxury brands, they are actually made where they say they are. They do still mark it up tremendously, but they are made by artisans and whatnot. He, in particular, this guy about the bags, he's saying, you can buy a comparable one from us in China. And, you know, what's the difference? Which I don't know if this is a great example. I think the Lulu Lemon one is a great example where you're basically getting, and not only Lulu Lemon,
Starting point is 00:36:25 so many products that you're familiar with. Nike. They're saying, take off the tags, you've got the same thing. Hey, gang, we've got to take another quick break to thank our oldest,
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Starting point is 00:39:12 Join over 25 million users worldwide and start. trading smarter with Moomu sign up using the link in the description make a qualified deposit and claim those rewards now i've seen the um you know the dye workware guy who like had his whole thread about like artisans and the way things are stitched and all that stuff because he's saying like look we have the same um we have the same materials and we can make them for you and all that stuff and that kind of luxury item is just a very different thing in general because it's uh people aren't buying tons of those things. They're like very specialty, whatever. The real place people are getting ripped off on is these things where they literally cost, you know,
Starting point is 00:39:54 $3 to $5 to make. You get, you have to pay $100 to $200 for it. Yeah. And you can get basically the same exact thing. Also, I like the whole, the whole knock on effects of this is so funny though because even if that guy's wrong, if you click in any of, if you click on any of these tweets and kind of go through the threads, they have destroyed some of the credibility on some of these luxury brands because like the damage is done. People are going like, no, I'm pretty sure like they just get manufactured in China and they get sent back to France or Italy or wherever and they slap on a label. And you cannot, I mean, I saw the diworkware guy doing his damned this to like, here's a
Starting point is 00:40:40 here's a vanity fair article where they talk about the Hermes factories all over France and they're like now you think
Starting point is 00:40:46 I'm going to believe vanity fair I mean they're in the pocket of vote group or so and he's posting he's posting
Starting point is 00:40:54 French YouTube videos of them going through the factories and everything they've really done a lot of brand damage to a lot of
Starting point is 00:41:03 yeah yeah that's that's the thing can you click the catchy tune one So there's so many of these accounts now. I like this one.
Starting point is 00:41:13 From China, make sure visit red places. Yucalili, Huayang, candles, Ningjing, tires, Qingdao, wallpapers, Shaoong, barbecue grease, Foshan, electric tricycle, Xu Zhou, Wokitokis, Saman, Charging Cables and Charters, Shenzhen. Man, that is a catchy tune. You can't deny how catchy that is. You cannot deny how catchy that is.
Starting point is 00:41:38 So if you want to buy tires, electric tricycles, charging cables, I think these are, I don't, like, is anybody really going to be buying direct from fucking China for these things? I don't think so. That's what I was saying. I think it's a, I think they're mocking us. It feels very, um. Look how much manufacturing capabilities we have. No, no, not like that. I mean, okay, so click this, Americans are being taunted. They will be blind and you thank them for it. That's a tragedy. That's a scan. That's why I'm saying this right now. Americans, you don't need a tariff. You need a revolution. For decades, your government and oligarchs
Starting point is 00:42:16 who will ship your job to China, not for diplomacy, not for peace, but to explore cheap laborers. And in the process, they hollowed out your middle class, crashed your working class, and told you to be proud while they sold your feature for profit. And yes, China made money. but we used it to build roads,
Starting point is 00:42:40 leave millions out of property. Found health care, raise living standard. We reinvest in our people. My family also benefited from it. What did your oligarchs do? They bought yaks, heavy jacks, mansions with golf course rightways. They manipulate the market, dodge tax,
Starting point is 00:43:00 and poured billions into endless wars. And you, you get stagnated wages, crippling health care costs. cheap dopamine, debt, and flagged wave properly made in China, while they pick your pocket. For 40 years, both China and the United States benefit from the trade, the manufacturing, but only one of us used that wells to build. This isn't China's fault. This is yours. You let this happen. You let oligarchs feed your lives. Well, they made you fat, poo, and addicted.
Starting point is 00:43:36 now they blame China for mass damage I don't think so I don't think you need another tariff you need to wake up you need to take your country back I think you need a revolution I thought
Starting point is 00:43:52 we took our country back through Donald Trump I like his username grumpy Chinese man I know that's pretty good but yeah I don't know it all just feels kind of like in that vein like look at this we make this cheap ship for you and you guys get you guys get hosed
Starting point is 00:44:04 yeah can you play hell yeah It's another clip of these girls, or this girl. If you want to import from China, make sure you visit right places. Saxophone, Tianjin, Goose Down, Lu An, Wi-Fi module, Shenzhen, Higher Accessories, Yi-W, Dental Equipments, Fu-San, Ranch and Pliars, Yonkong, dinosaur sculptures, zichong, Zhugeo. If you want to import from China. If you want to import from China. Got to look in the right places. But yeah. Dinosaur sculptures.
Starting point is 00:44:39 It's, uh, it, they, it feels right for them to Marcus. I mean, as I was saying last week, I don't think, uh, I don't think Trump knows what he's doing. I think messing with China in this way is a huge mistake and he's going to find out. I think he's already finding out just, kicking the dragon. This whole move is just, just, we have a bitch made president with this, this, this like, backing off on all this. The exemptions with the, the, the electronics. He's clearly so. in over his head. And I mean, Xi Jinping seems to like at least have a plan. You know, this is from the Wall Street Journal. They're talking about like all, they have this whole trade war arsenal. They're going to be using tools that Beijing has already used and is
Starting point is 00:45:20 likely to expand, include export controls of critical materials, American companies used to make chips and defense-related products, regulatory investigations designed to intimidate and penalize U.S. companies, blacklists intended to bar U.S. businesses from selling to China. In addition, authorities are
Starting point is 00:45:36 preparing new ways to pressure American companies to give up their crown jewels, intellectual property, or lose access to Chinese market. And this is from Evan Medeiros. He's a Georgetown university professor. China has systematically put together a new arsenal of tools that's intended to minimize the cost to China and maximize the pain on the U.S.
Starting point is 00:45:54 They're prepared in a way that gives them an asymmetric advantage in the trade war. And I mean, I think Trump is just like finding out he doesn't have, as he said to who's the Ukraine Zelensky? As he said to Zelensky
Starting point is 00:46:09 you don't have the cards Trump I really don't think I mean Well the cards are made in China I mean did you see the Did you see the Boeing stuff? Yeah they today as of this recording They halted the import of parts
Starting point is 00:46:24 And they're not gonna They're gonna renege on their on their deals To bring in more Boeing planes Whoa Well because now they finally China has their own airplane company. Is it Comac?
Starting point is 00:46:38 I think so. Which is funny because Xi Jinping's official, oh yeah, there you go. The Comac 919. Yeah, I mean... But, oh, this is interesting. Look at that.
Starting point is 00:46:49 This is just, it's also crazy. So much of this is being made about the manufacturing jobs. They're so desperate to bring back to the U.S. Obviously, this whole thing is so frustrating to follow because of the tremendous amount of contradictions that comes along with all this stuff. Now with the electronics exemptions, it's like you can bring in, you can bring in these foreign electronics iPhones that are made in China, whatever else made in China, Japan, you can bring them in.
Starting point is 00:47:20 But to bring in the parts that you need to manufacture those things, no exemptions. So I don't quite know where it adds up how those are going to help manufacturing jobs in America. I mean, this is another one where this is going to have a huge impact on. on Boeing. They say that China in the next few decades is going to make up 20 to 25% of the airplane market. And they already have us beat on ships. Now that's all currently going to, you know, they're going to start routing all those purchase orders to Airbus and they're going to keep investing in their own Comac C-919. And...
Starting point is 00:48:00 Comac McCarthy. Not only that, they might... Other companies have already talked about starting to invest in those Comax. The guy from Ryan Eyre had a very funny quote. It's the head of Ryan, Ryanair, who said he's, he walked it back later because I think he got in some trouble, but that he'd be fully open to buying some C-19s. He said, the Chinese are basically building a fucking A320. If it was cheap enough, 10% or 20% cheaper than an Airbus aircraft, then we'd order it. um it's just this all of these norms are just going to fall away it's just yeah and i don't know
Starting point is 00:48:42 i mean the already struggling bowing losing a huge partner yeah i i don't know how that's going to help american manufacturers well and that also when the rest of the world sees that and other i mean if you've got like you like you had there the CEO ryan air the right Ryan Air's CEO doesn't care or none of these CEOs care. They just want to make as much money as possible and if that means... Yeah, what does an airline company care
Starting point is 00:49:08 if they're using a Chinese plane or a European plane or an American plane as long as they're saving their money? And as long as it doesn't follow this guy, which the Boeing tend to do lately. Yeah, although we did fly in a 737 max and we were fine. I was a little nervous, but it ended up being okay.
Starting point is 00:49:27 Tiny bathrooms, though. Fucking goddamn, dude. Make the bathroom. The bathroom's just a little bit bigger, would you? But here's a good example of you being able to... Let's play the laundry pods one. I like this one, too. Ben likes this one, guys.
Starting point is 00:49:42 Lantry pods you'll see on Amazon cost $15, or even $30 for a pack. It means a long factory. They only caught $1.6. We can ship to anywhere in the world, start from one carton. Our product can be ship within two days. Wow. We are in Green Industry for more than 30 years. You have a 10 years factory in Guangzhou.
Starting point is 00:50:03 Follow me, send me a message. Get free sample. Ooh, laundry pods from Mr. Lung. I'm so tempted. I mean, we have to contact these people and see if we can actually get some of these goods. Let's get some yoga pants sent to us. Let's get some fiela stuff. Let's get some laundry pods sent.
Starting point is 00:50:24 I want to see how this actually works. What's interesting is these Chinese people are also going after even Alibaba, their own. play this, stop using Alibaba. Because they're saying just, like, don't do the middleman. Stop using Alibaba. Here are a better website for sourcing factories from China for specific categories.
Starting point is 00:50:45 I mean, Alibaba's already, they're cheap. For car accessories, check cheap payren.com. For industry material, go-bongbong.com. For closing, check V-VIC.com. For more sourcing tips. anyway there's so many of these and it's just all it's it's interesting too because it is on ticot and it's just all over the damn place what is this really funny explanation so now we know america really didn't want us to see what they was doing over in china and if you don't know
Starting point is 00:51:16 click the search bar and see how china just exposed america that designer that you've been spending your money on two hundred three hundred four hundred dollars two thousand three thousand four thousand all of your hard earned money basically been going to knockoffs if that's what y'all want to call them canal street specials if i might say china is basically saying that your favorite designer gets their bags they're that he's using the music um made in china not italy so when you think what song is that finest of threads you're getting them from china and now china is saying that they got them for the low like they've been had them but they're just not keeping a secret no more so what they're saying that designer that we've been wearing, they've been making.
Starting point is 00:52:01 And they make it for cheaper. And we might as well not buy that designer that we've been buying. It's kind of strange to me because a lot of people been losing their lives to get designer. It's a lot of people that lost their lives over designer. And you're telling me that China's been making it. All I can say is this trade war is exposing the rail from the fake and the fake from the rail.
Starting point is 00:52:26 If that makes sense, I'm out. I'm out. I like the touch of this zoom in. Regardless of whether or not he's right. I think, like I'm saying, I think they're doing a ton of damage to brand. Yeah. But so just to underscore how it's not, it's not exactly as it seems. There was one video where a guy, we don't have to show it here, but there was one guy in China showing, oh, we've got Birkenstocks.
Starting point is 00:52:50 They're fakes because Birkenstocks are made in Germany. I watched that video. He does not say I have Birkenstocks. But they look like Burkonstocks. The amount of companies selling fake Birkenstocks is unbelievable. I see it all the time. People, because Bergenstocks are expensive. Yeah.
Starting point is 00:53:10 There are so many companies selling things that look just like Birkenstocks and are probably shittier quality. What do they name them? What do they name them? Just a different name? Yeah, they just don't call them Bergenstocks. Gotcha. They're like selling boots that look just like Timberlin boots.
Starting point is 00:53:24 but I'm sure they're getting made in China for much cheaper and just sold and people go, what do I care? They look just like Birkenstocks or whatever. But those people are probably still spending anywhere from 75 to 100 bucks instead of the like 200 to 250 bucks on Birkenstocks. So he's saying, he doesn't say anything about Birkenstocks.
Starting point is 00:53:45 He's saying, I got these shoes. I got the shoes you like. Yeah, well, because I thought that it was because the caption in this said Birkenstocks. Let's play it. I don't think he says anything. $10 and $10. Always $10.
Starting point is 00:53:59 We have seven colors. Look. App cards. Long, pink, greens. Green, black, and coffee. This is warehouse. If you need, please contact me. Please.
Starting point is 00:54:16 Let's contact me. Uh, the, yeah, that's, so I pull the little bit of info here. I mentioned it before. Hermes are made in France. Each bag takes like 15 to 40 hours. Artisans train up to five years to learn how to make one. Prada. Miu-Mu-Mu, make theirs in Italy. You say Laurent makes theirs in France. Interestingly, meta suspended accounts talking about Chinese manufacturers. So that was kind of interesting. Who are you running cover for? And then made it say it was, they said it was, they violated some kind of
Starting point is 00:54:54 Copyright. Well, it is true. Obviously, China and Hong Kong supply a little over of a little over 40% of United States imports, 40% of footwear, 25% of all textiles and clothing came from China. It is really cool. You can, none of these companies necessarily hide it. You can, like, pull up this Lulu supplier list. This is the Lulu Lemon. I mean, you got to fucking zoom in, sorry.
Starting point is 00:55:19 But it shows all the different companies or all the different countries and companies within, Sri Lanka, Philippines, China, Peru, Colombia, Taiwan, Egypt, Turkey, where they make whatever the fuck they're, and they show the percentage of female workers. That's, that's interesting to me. Same thing with Nike. Nike's is kind of cool. They have an interactive map. Yeah, here's their, so zoom out.
Starting point is 00:55:42 Jesus, I mean, look at that. They're truly worldwide. Let's click, let's click China. Man, oh man. so they've got 117 factories 107,621 workers 58% is 70% female 70% female 0% migrant 40 average age 40 It's just wild
Starting point is 00:56:09 You can truly see how the sausage is made Just Google any company, any product, whatever that you like And then like list manufacturing whatever it's all over the damn place and they I mean they show you I would say there's probably a lot of there's a lot of brands that are doing some under the table Chinese manufacturing as well or other you know locations with cheap labor yeah so it's just speak it's it's tough you don't know whether you're getting the actual product that's just straight from the manufacturer or if it's just like a cheap knockoff or if it's just comparable that they're kind of stealing
Starting point is 00:56:50 Because remember, the market for counterfeits is fucking huge. Like billions and billions of dollars a year for counterfeits. And I wanted to share with you. You guys have heard me talk about it before when I went to Shenzhen last, Chenjin, last year. Was that last year? Jesus Christ. Yeah, that was last year. I went to the counterfeit mall.
Starting point is 00:57:15 And I want to show you guys some clips. So let's play the, first of all, hit the fake one. Let's play, let's play that. So I took a video of this, of this. It just says, it's a sign that says fake and unqualified product seller. So they definitely, for some, they definitely don't hide it. And just to show you that, let's get out of this and go to the next one, which is size. Click size.
Starting point is 00:57:49 This is how big this place was. Look at all these floors. There's like six floors, six levels, and each one is just fucking never-ending and massive. You could walk around there for days and never feel like you've seen it all. But so click bags, just to show you some bags. This is one shop that I walked in. And they are so nice.
Starting point is 00:58:12 These are Balenciaga bags. That first one is really nice. Oh, yeah. Not a purse guy, but I would use that. Yeah, I mean, look at that leather, man. For the audio listener, it's just a, it's a, it's a, it's a Palenciaaga. Really nice. And then click Apple.
Starting point is 00:58:27 Let's start with Apple. So these are some of, and then I watch. Look at this shit. They got air tags. They've got the MagSafe charger. This is an instance, I think, where, so like these are fake, but they are coming out of, like, the same factory. So I, it's, it's hard to. That's what I'm saying about the Lulu Lemon stuff.
Starting point is 00:58:50 It's like, where do you draw the line with fake? I mean, it's just, it's some weird distinction that you're, that it's impossible to draw. Right. Let's, let's click the. I don't know if I've talked about it before. I had a friend who, when I was living in New York, they started working for this startup. And they basically were in charge of product production. And they were going to China all the time. And over the next, whatever, year or so, They always had all this new, new clothes, new all kinds of stuff. And I'd be like, why are you getting all this fake stuff?
Starting point is 00:59:26 And they're like, it's not fake. It's from the same factory. You know, we all get ripped off on this stuff. So let's click the Apple AirPods. This is just, and you can hear the guy talking. Very good. So he's pairing it. Look at it.
Starting point is 00:59:47 These are the fake AirPods getting recognized by the fake iPhone. These are the ones you have. Yes, I bought them. You use them all the time. And it's uncanny valley in the sense that you open the box and it's like something is just slightly off and you can't put your finger on it. And I'm like, if they're made in the same factory, what is it about maybe they're duds? Maybe they didn't pass quality control or something. but let's go to the
Starting point is 01:00:17 there's two more there's the Apple Watch there's the yeah let's play the Apple Watch but do you think if you didn't know it was fake and someone just gave them to you you would have no idea yeah that's what I'm saying I feel like it's a what you're talking about
Starting point is 01:00:27 is maybe a mental like I know there's something on there and you actually can't see it I mean look at him showing the watch yeah to my I'm not I'm not noticing anything off about it very quickly
Starting point is 01:00:38 fast every language all have very good he just keeps going very good but show the iPhone Like, this is the next one, the fake iPhone. Fake iPhone. Full-on fake.
Starting point is 01:00:51 Yeah. Very nice camera. I just love that he says, yeah, fake. Video. I love the poor spelling, wireless. Facebook. You see that. Everything.
Starting point is 01:01:05 Yeah. Very, very good. It's just, I mean, folks, it was, I was in there for probably six hours. Just walking around. And they, he's. I mean, he's one of a dozen guys that are selling fake um, fake iPhones and fake all sorts of shit. It's absolutely bananas. I got to contact these people. I need to get all my stuff direct.
Starting point is 01:01:31 Yeah. And that's not, and I didn't even show you guys the fake Rolexes and stuff that you can get for like 50 bucks. And that's what's extra funny. They have levels of fake. So like the cheap fake Rolex. You can tell if you, if you know your shit. you can tell that it's fake. But then for like $500, you can get the one that's indistinguishable. Man, oh man. These Chinese guys, man,
Starting point is 01:01:56 they really got us licked. They got us licked? They got us licked. I do think Xi has us right where he wants us, and that's over a barrel. Yeah. Oh, no. Oh, no.
Starting point is 01:02:08 I fell over this barrel. Oh, no. Is that Xi Jinping behind me? Oh, no. He's right behind me, isn't he? He's right behind me. So how will this play out? We don't know.
Starting point is 01:02:19 That's the other thing real fast. I think we do know. I think we all know how this is going to play out. Really? How do you think it's going to play out? Very poorly for us. Well, so that's the thing. There's not going to be a single manufacturing job at it.
Starting point is 01:02:32 In fact, we might lose some. We already are losing some. Small businesses are being screwed, just thrown into turmoil. friend of the show Kate her clothing company they manufacture in China and I have I want to get her
Starting point is 01:02:52 excuse me her and Penelope on the show to talk about it because she said that she's got some loopholes that she may have figured out but I have no idea what the hell they are
Starting point is 01:03:02 I think it might involve shipping to Mexico and then driving down there and picking it up and bringing it back that's my guess but yeah yeah I think
Starting point is 01:03:13 Did you see the Ray Dahlia stuff? Dude, Ray Dahlia was such a kook. What did he say? He was basically like, well, let's pull it up. He was basically like, I'm not worried about a recession. I'm worried about way worse stuff happening. I'm worried about war and all this. I mean, he's been saying that stuff for a long time.
Starting point is 01:03:32 I know, but at this point, I'm like, you know, how does that, I mean... Maybe the cooks do become correct. We've clearly were, you know, we've been kind of talking. talking about this like nebulous China, America, Cold War, and now it's feeling harder and harder to be like, no, we're, you know, we're not actually in one. Right now, we are at a decision-making point and very close to recession. And I'm worried about something worse than a recession if this isn't handled well. A recession is two negative quarters of GDP and whether it goes slightly there, we always have
Starting point is 01:04:10 those things. We have something that's much more profound. We have a breaking down of the monetary order. We are going to change the monetary order because we cannot spend the amounts of money, so we have that problem. And when we talk about the dollar and we talk about tariffs, we have that. We are having profound changes in our domestic order, how ruling is existing, and we're having profound changes in the world order. Such times are very much like the 1930s. I've studied history and this repeats over and over again. So if you take tariffs, if you take debt, if you take the rising power, challenging existing power, if you take those factors and look at the factors, those changes in the orders, the systems are very, very disruptive. How that's
Starting point is 01:05:01 handled could produce something that is much worse than a recession or it could be handled well. Ray Dalio is, for those of you don't know, he, whenever you see those headlines and those ads about like, billionaire investor warns about global disaster, that's one thing I want you all to, when I was talking about keeping a sane head. He's, he's one of these types that whenever the market starts to go south just a little bit, that's when he gets more interviews because it gets clicks and it gets views and it gets good ratings because people, like it's... Yeah, he said he's worried about something worse than a recession. I think right now we're at a decision-making point and very close to a recession
Starting point is 01:05:44 and I'm worried about something worse than a recession if this isn't handled well. He talks about cycles, market cycles over decades. We have a breaking down of the monetary order. We are having profound changes
Starting point is 01:05:56 in our domestic order and we're having profound changes in the world order. Such times are very much like the 1930s. I've studied history and this repeats over and over again. Yeah, he's...
Starting point is 01:06:06 Take it with a grain of salt, I say, because it's easy to compare things to the likes of 1930s when the world was, it's a hundred years ago, when things were way, way, way, way different. For so many, I mean, so many, so many different reasons. I don't think that we are, even just the market, I mean, the market couldn't drop that much in a single day. There are so many stop gaps in place to prevent things from breaking. Then again, then again. Then again, we've also had planes fall out of the sky. all of the regulations that came after the Great Depression, like all those
Starting point is 01:06:40 Glass-Steagel Act, all those things we put in place because we were like, hey, let's make sure this doesn't happen again. We removed. You know, the Clinton administration, Glass-Steagel out. Like all of this all of these protections that were on their last legs, Trump has now
Starting point is 01:06:56 dismantled. He's got his little doge broccoli boys getting in there and removing anything, gutting any kind of regulatory committee it's yeah so at the same time
Starting point is 01:07:10 I'm like you know there is there's no one with a plan I don't think yeah it's also not super helpful like I do think people are like well in 1930
Starting point is 01:07:23 and then this happened and then this yeah it's not going to happen just like that it's going to be something way worse that you couldn't even imagine Ray Dalio likes to show charts of like these super cycles and within each super cycle there's like these mini cycles and recessions and booms and busts and all that stuff and it's i'm always just like all right man
Starting point is 01:07:41 i i get it but at the same time i just don't think that you're right i and i don't i don't think that maybe that's just the optimist in me i don't know anything about his cycles but i don't think it's uh i don't think he's like completely off here that we're having a you know the monetary order is changing and all these um all these trade intricacies are going to to be changing um well folks i think that this is a good place to end it we'll we'll have a much better time in the bonus episode go to ben and amel show dot com where we will be talking about scroll down what do we have down there oh i got i got a really good video for you okay you got a great radio for me and i i bet you've seen it already because you're a real freak online yeah probably
Starting point is 01:08:28 we're going to be talking about stinky microphone what's that gay tie guys in the military and all sorts of stuff. We got to talk about Katie Perry going to space. We thought they were going to leave her up there. Yeah. I feel jipped. I got the eye of the tiger.
Starting point is 01:08:44 Can't do any more because YouTube will penalize us. Anyway, thanks for watching. So long, folks. We love you. Coming up on this week's episode of Ben and Emile Show.com. I didn't know that it's not that old.
Starting point is 01:08:57 I thought that Coachella was older, I guess 20 years. I also would have thought it was older than that. Yeah, 99. It's weird. they didn't do it in 2000. Well, because of 9-11. 9-11 was 2001, buddy.
Starting point is 01:09:09 Well, they knew it was coming. We're not going to do Coachella next year for 9-11. What's that? You'll find out. You'll see. Hey, we're actually taking this. You'll see. We're taking this year off because of 9-11.
Starting point is 01:09:21 One girl was doing flips and stuff. Fully naked. If you were a stripper, what song would you dance to? Somebody loved by Queen. I would do the national anthem. I would want up you to do the Pledge of Allegiance. You know what bothers me? That's not a song.
Starting point is 01:09:37 It's not. You haven't won up me. You've won down to me. It's a pledge. You've won down to me. I don't think you'd make the headlines, pal. Sure I would. Anybody blowing up in space is going to make a headline.
Starting point is 01:09:47 But it wouldn't say, it wouldn't say your name of the headline. It would say like Amazon's Blue Origin rocket explodes. I'm not. Where are you getting that I'm putting myself? I'm saying if I were Gail King, I'd be thinking. That's probably what she was thinking. Yeah, but if you were on the thing. No, if I was on the thing.
Starting point is 01:10:02 Me as well. There's no way it's saying Emil Drozah explodes in a... I mean, yeah. It's saying... Gail King. It's like Kobe Bryant. The other people that died on the helicopter, nobody knows. Exactly.
Starting point is 01:10:12 Yeah. Some dumb shit dies on the Amazon. Yeah. Two dumb shit. Gail King and two dipshits. Died. Died today. Ben and Emil dead and we're all glad.
Starting point is 01:10:22 Yeah. Fuck.

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