The Dan Bongino Show - America's Liberation Has Begun | Episode 14
Episode Date: April 3, 2025President Trump's Liberation Day was yesterday and all of the tariffs went into effect. What does this mean for you? What does it mean for America? How will/have other countries respond/responded? All... this and more on today's episode. Trump Declares National Emergency To Impose ‘Liberation Day’ Tariffs https://dailycaller.com/2025/04/02/trump-declares-national-emergency-impose-liberation-day-tariffs-china-taiwan/ FBI flooded with record number of new agent applications in Kash Patel's first month leading bureau https://www.foxnews.com/politics/fbi-flooded-record-number-new-agent-applications-kash-patels-first-month-leading-bureau Trump slaps at least 10% tariffs on almost all imports in ‘Declaration of Economic Independence’: ‘Half of what they are charging us’ https://nypost.com/2025/04/02/us-news/trump-slaps-at-least-10-tariffs-on-all-imports-in-declaration-of-economic-independence-half-of-what-they-could-be/ Learn more about your ad choices. Visit podcastchoices.com/adchoices
Transcript
Discussion (0)
President Trump with a massive announcement yesterday at the White House.
Liberation Day for the United States of America. Of course, hysteria in the media and in some cases,
the markets today. We'll talk about all of the impacts, what they mean. I've got an expert
assessment coming up in just moments you do not want to miss and you're probably not going to
find anywhere else. Stay with us here on Vince for that. Great to talk to you this morning,
a massive audience already piling in on rumble.com slash Vince.
Thank you for that more in a lot,
more in a moment here on the show.
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The operation day in the United States of America.
That's what President Trump announced
from the White House yesterday.
A big speech where he showed all of the ways
that countries have been imposing financial penalties
on the United States.
Now, the big conversation was these would be about reciprocal tariffs, countries imposing
tariffs on us and us responding in kind.
It is, I'll admit, a little more complicated than that.
And we'll get into the details on that in a moment.
But first, take a look at President Trump holding up the big chart of the ways he says
other countries are taking advantage of the United States.
It's very windy out here.
We didn't want to bring out the big charts because it had no chance of standing.
Fortunately, we came armed with a little smaller chart.
So it's 67 percent.
So we're going to be charging a discounted reciprocal tariff of 34 percent.
I think in other words, they charge us, we charge them, we charge them less.
So how can anybody be upset?
They will be because we never charge anybody anything, but now we're going to charge.
European Union, they're very tough, very, very tough traders.
You know, you think of European Union, very friendly, they rip us off.
It's so sad to see.
It's so pathetic.
39%, we're gonna charge them 20%.
So we're charging them essentially half.
Vietnam, great negotiators, great people.
They like me, I like them.
The problem is they charge us 90%.
We're gonna charge them 46% tariff.
All right, the president of the United States laying out all of these tariffs
that we will be levying against these countries now to be specific.
When does this happen?
Well, by this weekend, a 10 percent flat tariff to happen across the board
for all of these countries around the planet.
And then next week, you saw those tariffs that the president was talking about.
Next week, Wednesday is when they all come into place for more on what exactly we just saw on the impact it's going to have on the country.
I want to bring in Oren Kass now is the chief economist for American Compass.
Oren, good to see you here, sir.
Great to see you.
Thanks for having me.
Glad you're here to talk about all this.
Now, I've seen a lot of hysteria about this.
This is going to impoverish us.
This will destroy the economy.
What is he doing?
This is a massive tax increase.
And then meanwhile, I've been looking at your ex account
and I've been seeing a lot of reasoned sobriety,
which is actually,
President Trump's been talking about this for a long time.
This isn't shooting from the hip
and there's a method to this madness.
Tell us about it.
Well, to your point,
President Trump ran on imposing a 10% global tariff
on putting 60% tariffs on China on renegotiating
our agreements with other allies.
And this is now what they're going forward in doing.
And you know, I think we've seen over the last couple of months, a bunch of sort of
stops and starts as they've gotten going.
I think there's still a lot of fair questions about where exactly they go now.
Are we, are these supposed to be permanent?
Are we, what are we actually asking other countries to do?
Right.
Uh, and so there, there's a long way to go on it, but the idea that this came
out of nowhere or your point that you should be hysterical about it, I don't
understand.
And, and I think the best way to realize this is look, we've been doing that.
You know, we jumped into this free trade thing generation ago.
We decided to embrace China.
Yes.
We've seen all the costs that that brought.
If we're not happy with those things, if we wished we'd done it the other way, it's never
too late to do it the other way.
I noticed that, I mean, at the Rose Garden yesterday, the president brought out a number
of UAW members, people who work in industries who they've seen devastated over the decades.
They're enthusiastic
about this. The cattle ranchers in the United States are enthusiastic about it. They were
releasing statements saying, it is insane to try and sell American beef around the planet. We get
treated horribly. American beef is of the highest possible quality and we want access to those
markets. So the guys who actually make stuff, the agriculture guys, they seem to be on board with us.
Well, and this is the problem with how we did free trade.
If you like, listen to the politicians
and the economists selling free trade,
they try to sell it as you Americans get to make things
and sell it to the rest of the world.
But that's not what happened.
What happened with free trade was we opened up our market,
we took the things we used to make here, moved them away. And now we get to buy a lot of things from the
rest of the world. Yes. And that's what you see in our trade
deficit. If trade was working well, I'd love to have free
trade, I'd love to be buying all sorts of stuff from around the
world. People around the world buying all sorts of stuff from
us. Well, what we got is we only got half of that deal. And it's
the half that does not work for American workers. And I think that's where you see a
huge part of what the Donald Trump movement has been all
about and what he's acting on.
So let me I want to talk about the formula for a second,
because this I think really matters. And I hope everyone
sticks with me for this. Because, you know, when we
coming into yesterday, the basic thought that everybody was
being presented with this, if your country imposes a tariff on us, we will impose a tariff on you.
That's what we thought reciprocal tariffs would mean.
The formula that the White House released yesterday, and has since acknowledged is what
it is, really addresses the trade deficits between all of these countries.
In other words, we are buying a lot more product from, say, Japan than Japan is buying from
the United States So in turn we're imposing a bit of a a penalty on Japan
Essentially the percentage comes out to half the trade deficit in order to make up for that trade deficit
So is this wise is that a wise way to construct this do you think?
I think the important thing to say is that this did not come out of nowhere that if you were paying attention
I mean, I'm a
relatively smart guy, I guess, but I was just listening to what
they were saying what it was clear they wanted to do. I wrote
a piece back in February explaining that this exact this
was exactly what they meant by reciprocal. Because problem with
reciprocal tariffs, you just hold up a mirror and do the same
thing everybody else is doing. Yes, is tariffs aren't
necessarily what they're using.
So Japan's a great example.
Japan actually has some of the lowest official tariffs in the world in terms of like the
tax you pay, but they have all sorts of policies that make it very hard to sell into the country,
that make it much easier for their sellers to export to us.
And so I think the president and his team are exactly right.
What we're focused on is the deficit. That's what we want to fix.
And so what we're going to do is we're going to create tariffs that look at how
big the deficit is the reciprocity.
What's reciprocal is not.
You do a tariff, we do a tariff.
Right.
If there's imbalanced trade, we are going to put tariffs in place.
Probably not.
We don't want them to be permanent.
We want them to lead you to change your behavior.
But let me explore trade deficit for a moment,
what that even means.
So as I understand it,
what happened yesterday is they assessed the trade,
the goods deficit.
So we sell, we buy widgets from Japan.
They buy very few widgets from us.
That's the basic thing.
But Japan buys services from the United States.
Services are separate and distinct from goods.
And when you include services,
that actually changes the math.
In some cases, countries that we have trade deficits with,
we could actually assess,
well, we have a trade surplus with them actually,
in terms of the way money is flowing.
So is it wise to just focus on goods?
Is that a key element here?
Well, I think there are two things here.
One is that the good side of the equation is just much, much larger.
Yeah.
So it's true that America is very strong in services.
We should be clear, you know, you're talking about a lot of services provided by the knowledge
workers, financial services, technology services.
That's a much, much, much smaller piece of the pie.
So when economists say, sure, we have big goods deficits,
but look at our great services surplus,
those do not cancel each other out at all overall.
The second thing, and this goes to why we care
about the deficits is that what economists got wrong
for so long and we're finally catching up on
is that making things matters.
If you wanna have a healthy economy,
you need that industrial base, you need to
actually have the manufacturing. If you want to
have national security, you need to have the manufacturing. Yes,
you want to have strong communities and good jobs for
people all across the country. You need manufacturing,
agriculture, mining, all of those kinds of social benefits
demand, huge social benefit. And so look, if we were a country
that was like crushing on our manufacturing and didn't have
any services, right, then you'd probably say like, well,
actually, we need to be focused more on the services. Yeah. But
if you look at how our economy has evolved over the last few
decades, if you look at who's been left behind, if you look at
what our challenges are, the challenges on the way that we
hollowed out our industry. And so that's what that's what this
is all about is how do you reverse that. So how compelling is this?
What Trump just did yesterday?
How many countries are going to rush to get into line is really the key question, I think,
because we've already seen in the last 24 hours, a number of countries making ovations
very quickly that they want to do.
They want to resolve any conflict here.
We saw Israel come out and saying we're dropping any tariffs we have.
We're going to zero.
Canada is saying we're ready to drop to zero.
If you drop the zero, we dropped the zero.
We'll all be good.
Let's, let's just do that.
I'm seeing India is doing everything it can to suck up to Trump right now on this.
So it does seem like it is having some impact right away.
Um, and the other piece is, as I mentioned at the top, this, the 10%
tariff doesn't go into place until this weekend.
And then the big tariffs don't go into place until middle of the week.
Next week. Isn't that kind of an
eternity in Trump time? And in the kind of thing that could get
these countries to rush to the table with big offers very
quickly?
I think that's definitely part of the calculation. And I would
separate out that the 10% global tariff across the board, they're
doing that sooner. I think the intention is that that's likely
to be quite permanent, that that's not going to be negotiated country by country.
Right.
Those big tariffs targeted at where we have big deficits, I think it's absolutely right
to interpret those as aimed to start a negotiation. And what you just described that what countries
came out and immediately did was say, oh, we'll drop our tariffs to zero. That captures
exactly why we didn't just want to do reciprocal tariffs. It would not have been good for us
if the other countries just said, okay, we'll go to zero
tariffs. And we said, oh, okay, great problem solved. And so
what you're seeing instead is your point, okay, maybe that's
their opening offer. What I think you're gonna hear for the
Trump administration, and what I also think they need to do a
better job communicating is no, no, here's what we're looking for.
Trade deficits don't just emerge out of nothing.
They emerge out of a lot of the policy choices that countries make.
And up until now, everybody said, well, this is just an American problem.
And what we're instead saying is, no, no, this is everybody's problem.
If we're going to have free trade, everybody needs to do their part to solve it.
And if, and if we do do our part, if we do get the deficits down,
then that's great.
Then the tariffs can come down.
So President Trump specializes in big opening moves.
He does this all the time.
I mean, we're seeing it right now with immigration.
These videos of gangsters being flown into El Salvador
and then thrown in maximum security prisons,
the effect of that has been, illegal immigration has stopped. Nobody's coming across the border anymore. People are
self-deporting from the United States in order to avoid that fate, whether or not they're actually
due to receive that fate or not. So, in some sense, I know this. You have to trust Trump's
judgment here because he does things in these like giant spectacular ways to start as an opening
offer and gets everybody to fall in line as a result. So I'm looking forward to that. I think that's going
to happen. The other piece here is how big of a deal is it that we already have $5 trillion
of investment that foreign countries, foreign businesses have now promised brought into the
United States at the behest of President Trump? And do you expect to see more of that now as
these countries are like, maybe we can give big gifts
to the United States to buy our way out of this?
I think that's gonna be a big part of the solution,
and I wouldn't even call it gifts.
There's actually a very clear precedent for this,
and it's actually something Ronald Reagan did.
In 1981, when Ronald Reagan came into office,
the Japanese auto market was crushing the American one.
We were being flooded with lower cost Japanese imports.
Yeah.
Big three was sort of on the verge of bankruptcy.
And Reagan basically, under a threat of big tariffs from Congress,
Reagan got the Japanese to agree to voluntarily just cap their imports.
Just they said the number of cars that went in last year were just, that's it.
No more, no increase in cars.
Instead, what Honda and Toyota are going to do to keep serving the American market is
go build factories in America.
And so the entire Japanese auto industry that we now have in the United States making investments
here employing hundreds of thousands of workers here, making the Toyota Camry actually the
most American car on the road in terms of who's actually made the Toyota Camry actually the most American car on the
road in terms of who's actually made the stuff in it. That was all a function of this kind
of negotiation. Right. And so I think that's exactly what we want to see is look, we know
that when other countries think it's in their interest to, to win industries from us to
export to us, they choose policies that do that. And we're shifting that equation. We're
saying, no, no, what is now in your interest
is to fix this and to get back to balance.
And by the way, let's just be clear
on how reasonable that is, right?
There's just like, oh, like the United States
is now being the bully, the United, right?
We're not asking them to do anything
that we wouldn't do too.
We're not saying, no, no, no, now we wanna be the exporter
and you have to take all of our stuff instead.
All we're saying is let's get rid of the distortions that have been put into the system.
Let's get back to the system the way it was supposed to work.
Also, we have a lot of weight, don't we?
I mean, so as I understand it,
25% of our economy is international trade, 25%.
The rest is domestic.
Our economy is charged by our domestic trade
between the states.
And so that's not the same for so many countries.
There's a lot of countries who are highly dependent on American money flowing in.
Their portfolios are not diversified.
They're heavily dependent on our market.
So in terms of just like being able to throw your weight around, we have a lot of it, don't
we?
The United States has a tremendous amount of leverage.
Even the 25% is an overstatement because it counts both the imports and the exports.
Yes, it does. Yes, it does.
If you think about as a share of GDP, as sort of a share of our economy, it's closer to
15.
And to your point, for a lot of other countries, you know, it can be upwards of 50.
If you think about how dependent certainly Canada and Mexico are on their relationship
with us.
And then if you even think more broadly about just the role, you know, I think something
else that's very important to the Trump administration is the security side of things and the role that we play in essentially paying for everybody else's defense.
Yes. And so, you know, my assessment of what's going on here is that the Trump administration has said, look, this this old world order where the US just sort of takes everyone else's stuff and pays for everything.
Yeah, that's over. We would like to have a great strong alliance economic
and security with with as many market democracies as possible.
But here are the requirements, balanced trade, you pay your own
way on defense. And we all agree to keep China out. And the United
States, we absolutely commit to all that too. But that's what
we're looking for everybody to agree to. And if you're in, we're in great. Yeah, if you're not in, we, we absolutely commit to all of that too. But that's what we're looking for everybody to agree to.
And if you're in, we're in great.
If you're not in, we, we actually do have things like tariffs that we're willing to put on the table.
Um, I want to point to what's going on with wall street today.
We're watching, uh, as, um, the stock market is sliding a little bit today.
Um, that's true also in global markets, which are all panicking about this.
Um, can we finally put to bed the idea that president Trump is That's true also in global markets, which are all panicking about this.
Can we finally put to bed the idea that President Trump is beholden to Wall Street?
That somehow everything is motivated by what are the billionaires want?
What does Wall Street want?
This is definitely not one of those moves, is it?
I think that's been one of the most important pieces of all of this.
And you've seen this even over the last couple of months, Treasury Secretary Besson going
out and saying, look, the American dream isn't just cheap stuff.
Look, we're willing to actually pay a short-term price
to turn this around.
Yeah.
Look, just because it's not good for Wall Street
doesn't mean it's not good for America.
And what's so funny is that all the capital V
very serious people who spend their time on shows,
complaining about American politics,
complaining about people like the Trump administration, this is all they've ever said they want. They want people making
long term decisions, making short term sacrifices, thinking about what's actually good for the
country. And now we actually have it. And what are they doing? I just saw, you know,
last night, Larry Summers, the, you know, Bill Clinton, Treasury Secretary, Obama, Treasury
Secretary, leading leftist and economist,
literally goes out there and says,
you can just take the damage in the stock market,
multiply it by five or 10,
and that's the damage to America.
Because whatever is bad for the stock market
is bad for America.
This is now the position the Democrats are taking
while the Republicans are saying, wait, wait, wait,
the national interest is not the same as the stock market.
No, and also like tell that to Detroit, tell that to any number of American cities Republicans are saying, wait, wait, wait, the national interest is not the same as the stock market. No.
And also, like, tell that to Detroit.
Tell that to any number of American cities who have been absolutely hollowed out by these
practices.
It's absurd.
And so I guess this also gets to the point that, like, Trump ran on this, as you've been
saying.
This is not a secret.
It's not a surprise.
Actually, the only surprise is that everyone else thought he wasn't serious yet again.
They thought he was joking about it.
Wall Street traditionally prices in expectations, right?
Where they make adjustments based on, oh, this will definitely happen in the future.
They thought Trump was bluffing.
They thought he was just using this as a negotiating tactic.
And sure enough, yesterday he says, no, it's liberation day, baby.
We're doing it for real.
They didn't factor the sum.
And by the way, let's notice how bipartisan
a lot of this actually is.
When you actually look at, so Joe Biden
keeps virtually all of Donald Trump's trade actions,
everything he did on China.
Democrats are complaining about Trump.
Biden keeps basically all of it.
Yeah.
If you actually look the recommendations on China
specifically now to go even higher,
pretty much exclude them all together, that's bipartisan. House China committee, bipartisan, also in the Trump platform.
And then even if you look at this idea of the 10% global tariff, this is something that we've done
a lot of work on and we're really pleased to get a first round of legislation introduced on it.
Introduced legislation is Congressman Jared Golden from Maine, who's a conservative Democrat. There
there is there is broad based support among people who are
actually focusing on what's good for the country. Yeah, that we
need to move in this direction. And ideally, I actually think
getting Congress involved is really important. At the end of
the day, if we want this to be credible, if we want it to be
permanent, because we do want companies to succeed, we want
them to succeed here, and want it to be permanent, because we do want companies to succeed. We want them to succeed here,
and they need to know what the policies are gonna be.
They need to know they should place their bets
on investing here.
So I would love to see the administration push on this,
and Congress step up on saying,
this is the direction we're going,
let's actually codify this in law,
and everyone knows that that's the plan.
So let me just finish on this point.
This is a big move that the president made yesterday.
And I am very hopeful about what comes next,
because again, he ran on this
and he's fulfilling the promise to voters.
But it does seem like in the end,
as a big move, it's also a gamble.
This could come out great,
or there could be some downsides, couldn't there?
So in your view, how do you expect this is gonna go?
And what are the risks?
Well, I think there are certainly some immediate costs.
And I think it's encouraging that that everyone has
acknowledged that and sort of not tried to deny that they
exist or claim that we can avoid them. Yeah. I think going forward,
the big question is how well can the administration get its get
its ducks in a row essentially on
settling everybody down saying this is permanent, communicating
clearly here are the conditions under which it will change. So if
this is a negotiation, here are the things we're looking for.
Here's what we will bargain with versus here's what's permanent.
And then as I mentioned getting getting Congress involved in as
well. The last piece I'd love to see the administration focus more on is is what we might call the supply side
Which is if we want to rebuild in America, we need to help make sure that that that can happen
Right. We need to support the companies that are coming to invest here
We need to do a lot of work retraining workers to be able to do these kinds of jobs
And so I think like the risk is we just say,
okay, we had liberation day, now we sit back and it's solved. And I think there's a lot can still
go wrong. The second risk is that we say, okay, we had liberation day, and now every day is a new
chance to futz around with all of this. I think that is a real downside risk. And then the upside
is, no, there's actually a plan here. I think Trump's team on this is
fantastic. Rubio at State, Besson at Treasury, Mirren Council of Economic Advisors, James and
Greer, USTR, obviously JD Vance. I think these guys get it. I think they're very serious and
thoughtful about it. And I think if Trump sort of deputizes them to now translate this vision
into an actual operational plan, I think we could see a lot of success.
Yeah, I'm with you.
And I'm optimistic about this.
Orrin Cass with the American Compass Chief Economist there.
Thank you very much.
Thank you for having me.
I'm so grateful you could come in.
And by the way, check out Orrin's X account where you'll be able to find out a lot more
about this.
Orrin has written extensively about this well before that
announcement yesterday of Liberation Day. It'll help ground
you and give you a very good perspective on all of this.
Thanks again, Orrin.
Thank you.
So, so I'm gonna I'll get more into this in a moment, because I
do want to talk about kind of the impacts here. Also, the the
people who are very grateful this happened people, for
instance, UAW workers, auto workers from Detroit, who are
rooting on the President of the United States saying he's doing exactly what they voted for and why they supported him in the
first place. More on that coming up. Also, your reaction in the Rumble Chat. Always appreciate
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All right.
We've got people pouring in.
Thanks again to Orin Cass.
Orin doesn't have to keep stay in the studio. We don't we don't have much of a process here. We just people
slip in and out. Thank you very much. Orin's gonna head out. Orin's got to travel. He's
got to he's got to head home getting on a flight, which is why he's dressed like he's
getting on a flight. So thank you again. We've got a we've got a lot of people pouring in
here. People are appreciative of the interview and the deep dive.
One of the things, and I've seen a lot of people in the Rumble Chat, I saw while Orrin
was talking that people were just talking about the hysteria that's going on all around
us.
I'm here to tell you, and this is, and you know this from your years with Dan, and you
definitely know this from our many years of watching President Trump.
What we need right now, and this is not, I don't mean this in any way as an
insult to the ladies, we need masculine sobriety right now.
We need, there's fire going on around you and you're the one who's riding out
the storm, knowing exactly what the future holds, knowing that, yep, we've
got to go through it a little bit.
That's what we need right now.
And in the midst of all this,
how many news cycles have you and I sat through
where the whole world is going apoplectic, crazy
about everything, something Trump said,
some random press conference, some misinterpretation,
some random Washington Post claim
about the words that came out of his mouth.
Oh, he's awful, this is what he's attempting to do.
Or look at COVID or any of these other scandals, everything.
Every one of these news cycles,
there's a reason Dan Bongino came up with the Bongino rule.
Every single time you got one of these news cycles
that start with immense hysteria.
Usually if you look back on it,
it's the people who kept their feet planted
and were sober about what was going on and were thoughtful about, and waited for more data and said, Okay, let me
process this. Those are the ones in the end that you should look back and you should trust.
Because they're the ones who actually cared about what was actually going on and didn't
join the latest emotional panic bandwagon. So no more of those. How about that? And here, this is not, again, this is not a surprise.
President Trump ran on this.
President Trump ran on this exact principle, restoring American greatness.
What does that mean?
American greatness means restoring American manufacturing.
It means restoring American communities.
It means getting rid of the blight, making them less desolate, making them worth living
in, getting rid of the blight, making them less desolate, making them worth living in, getting rid of the drugs.
The reality is too many people in Washington have spent too little time in what they refer
to as flyover country.
But if they even drove half an hour outside of the nation's capital in many cases, or
half an hour outside of the finance center of New York City, or half an hour, they don't
even have to drive that far in LA.
What they're going to encounter is an America that's a lot sadder than it used to be.
That's a lot more beaten up than it used to be and a lot more hollowed out than it used
to be.
And so President Trump was elected now multiple times on a promise to fix that.
We had tariffs in Trump's first term.
I just want to remind everyone.
And guess what happened during that time?
Did inflation skyrocket?
No, inflation sat at one and a half percent.
That's what you want.
When it comes to the Trump administration,
it was a much better environment.
The economy was rocking under President Trump.
When President Trump introduced the tax cuts
in the first place,
very few people in media will ever admit this to you, but when President Trump introduced the tax cuts in the first place, very few people in media will ever admit this to you,
but when President Trump introduced the tax cuts,
by the next year,
government revenues had increased in the government.
And that's with tax cuts.
The reason for that, of course,
is that the American economy became more productive
in that environment.
And so here, President Trump has a plan.
This is his first year. He's not even to 100 days yet. And his plan is
to reorder the global trade system around what's good for
America, to restore American industry and manufacturing to
induce international investment in the United States, and then
to provide tax cuts, huge, multi-trillion dollar tax cuts to the American people.
So will that result in a savings for you? You bet it will.
If the president is delivering massive tax cuts to you, that means you get to keep more of your money
and then spend it on whatever you'd like to spend it on.
And as time goes on, that'll be increasingly American made products made in flourishing
American communities for perfectly good American prices.
So there's a lot of excitement here. I want to share with you
some some footage from that Rose Garden yesterday as there's a
big there's a great UAW member who got a chance to speak
yesterday. I'll share that with you here in just a moment. But
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Let's see.
So I do have this gentleman who is these American auto workers, very excited.
This is Cut6.
Listen to this UAW member, longtime auto worker.
He's seen Detroit absolutely hollowed out by Washington.
And he says, thank God President Trump is here.
Take a look.
Thank you, Mr. President.
I grew up just north of Detroit, Michigan in McComb County, known as the home of the
Reagan Democrats.
My first vote for president was for Ronald Reagan.
I thought that was going to be the best president I ever saw in my lifetime until Donald J. Trump came along.
I have watched my entire life,
I have watched plant after plant after plant in Detroit
and in the Metro Detroit area close.
There are now plants sitting idle.
There are now plants that are underutilized
and Donald Trump's policies are gonna bring product back into those underutilized plants.
There's going to be new investment. There's going to be new plants built.
And the UAW members, and I brought 20 of them with me, they're sitting right over here.
We support Donald Trump's policies on tariffs 100%. So Mr. President, we can't thank you enough.
And in six months or a year,
we're gonna begin to see the benefits.
I can't wait to see what's happening
three or four years down the road.
Yeah, not every president brings workers in
for a major announcement like this.
And yeah, there you have guys working on the front lines
of American auto manufacturing, UAW members there, of
course, Democrats seething. How did they get the UAW by actually caring about what they
care about, which is their jobs or livelihoods and their families? What can we do for you?
Democrats have spent years selling them out. How did the UAW benefit from his relationship
with Democrats? They didn't. They got screwed by that. Imagine you just give your money
to your abuser every single month.
And that's what the UAW has been doing.
They're turning over a new leaf, working with President Trump because they need to survive.
President Trump is trying to rescue them.
So really nice to see that.
Nice to see the president just take normal Americans, bring them to the White House and
support them in that way.
Also it's not just the auto industry, it's also the steelworkers.
They're all very excited.
Cut three, take a look.
Auto and steelworkers,
pumped about what President Trump announced yesterday.
What was your reaction to the President's announcement
on tariffs today?
What do you think?
Very excited about it.
And a lot of my brothers and sisters,
steelworkers like Brian,
we're very excited about it
because we saw what it did back in 2018.
It definitely made a difference in the market.
It held back all the influx of all the stuff coming over from everywhere else.
Saved a lot of jobs, did a lot of good for us as an American, just as a country, it did
a lot.
But for the steel industry, it definitely helped us.
The more the more that we can sell more American vehicles
and stop this influx of all these imports,
it increases everything.
The steel industry with the aluminum industry,
with everybody that supplies everything for every vehicle
that every American owns, it's gonna increase.
It's gonna create more jobs.
It's gonna be much better.
Tax revenue, everything's gonna be so much better for all of us.
I think it's a very positive thing, what's happening today.
Yeah, America is not a stock ticker.
America is over 300 million people who live here.
What is good for this country?
What is good for the people who live here?
Of course, the auto workers, the steel workers are excited about this.
They got a chance to see what it looked like in term one. They're very happy to see what's happening
now in term two. That's great. The Treasury Secretary is Scott Besson. He has been speaking
of sobriety here. This guy has been sober and steady throughout all of this, explaining
it in very educated ways what's happening and why President Trump is making this course
correction. He was asked yesterday, this is cut to about whether or not prices are going to
go up dramatically for Americans.
And we have every right to be concerned about the impact on prices.
What will they be?
Here is Scott Besson with an answer to that question.
For someone who says that this money coming in is really a tax on consumers.
What do you say?
I say a couple of things.
Consumers, what do you say? I say a couple of things one
we're seeing the
the CEO Walmart is pushing back on his Chinese suppliers and
He is telling them they have to eat all the tariff tariff increases. They're the largest retailer in America I think 40 million Americans just they went to Walmart every week
We saw on in Trump 1., prices didn't go up.
And if we have that happening at the same time,
we are able to use that income
to provide President Trump's tax agenda,
no tax on tips, no tax on Social Security,
no tax on overtime, and making auto interest deductible for
American cars. That's a home run for working class Americans.
You hear the half the second half of that part is tax cuts.
What are we going to do in order to help Americans get more of
their own money back, which is which is a huge component to
this not to be lost in any of this conversation whatsoever.
That's the president's agenda with Scott Besson is laying out there. And the impact on prices,
I heard, I think it was Howard Lutnick who came out and made this argument, one of the White House
officials did. And they were saying, look, you have to understand that if one product gets tariffed,
the price of that product does not go up commensurate exactly to the level of the tariff.
It doesn't.
In fact, what ends up happening is that buyers will go to other markets to buy the same product
or they'll come right to the United States to buy the same product at a much lower price.
And so that means that the country that has a tariff imposed on their products, they can't
raise the price of that product exactly with the tariff or else that product is not going to sell at all.
It's not going to sell at all.
The equivalent here is say you own a house and you're trying to sell it and there are
buyers out there for that house and then in your community, there's a massive property
tax on your home.
Well, the buyer is going to say, well, wait a second, I'm not going to go to the community
with the massive property tax.
I'm going to go to a different community where I can get a better price on a home.
I've got options here.
The buyer has options.
The person who's locked in in the house, they've got fewer options in terms of where, how they
sell it.
So they're going to have to eat a loss in order to make their house competitive on the
market.
Yeah, that's right.
The property tax is really crappy here.
I'm going to lower the price in order to gain access to that market of buyers.
This is what happens. This is what happens.
This is what happens with tariffs.
And here you have the Trump administration saying, we're going to restructure this around
what's good for the United States of America, which is really, really critical here.
Yeah, it's called market substitution, says Reicant alpha, laying out all of that.
Excellent, excellent stuff. We're the biggest buyers. We'll say, nope, I'm buying elsewhere, this fifth dimensional BS. So it's really, it's really great. Yeah, people are very fired up here
about what the president is doing and demonstrating a lot of that. What do I call it? Masculine sobriety
in this issue.
Scott Besson has also cut for warning other countries,
now's not the time to fight with us.
You've already attacked us, we're defending ourselves,
don't you dare escalate here.
You know, you look at this list of all these countries,
and there's some policy decisions here.
China is at 34% added to the 20% already,
so that's 54% on Chinese goods.
Are they gonna come back with something big?
Well, we'll see what they do.
My advice to every country right now is do not retaliate,
sit back, take it in, let's see how it goes.
Because if you retaliate, there will be escalation.
If you don't retaliate, this is the high water mark. If you don't retaliate, this is the high water mark.
If you don't retaliate, this is the worst it's gonna get.
In fact, that water can recede if you start behaving
yourself, if you reorient your purchases towards
the United States of America.
That's what Scott Besson is announcing.
Now let me, I just wanna dwell for a moment on the timeline
and I talked about it with Oren Cass at the top
of the episode and if you joined us late, go check that out. Orrin's brilliant, smart guy, really offered a lot of explanations
for what we've seen, what we're seeing this week. The timeline is amazing. Think about this.
President Trump says by Friday, everyone's going to get a 10% tariff around the planet.
But by Wednesday of next week, everybody's going to get some shifting scale, massive tariff placed
on their country based on the trade deficits that we have with them.
That means they have less than a week now to quickly come up with a way to get this
to stop, to suck up to the United States, to make President Trump happy.
They have less than a week.
They don't have a lot of time.
They have, and certainly it's in many ways an eternity and Trump time, but not an eternity for these countries,
they've got to move quickly. And that means what they don't have
time to devise crafty strategies to try and evade us. They don't
have time to try and figure out a way that they can pull the
wool over our eyes. They need to move with incredible speed in
order to try and forestall this or stop it altogether. That's
what they need to do.
So the president gave them this tiny little window of time
to quickly react to what he just announced.
And that's it.
This is the only opportunity they're going to get.
They better make it good.
They better make the offer strong.
They better reorient quickly.
And yes, I'm seeing some temper tantrums.
A couple of countries going,
I'm not changing anything or we might impose tariffs couple of countries going on, we're not changing anything, or we might
impose tariffs on on you. That's fine. That's fine. They get
ready for suffering because that's what you're in for.
Beyond that, though, everybody else, I'm seeing a lot of quick
ovations going on from a number of countries who are already
saying we're dropping our tariffs, we're dropping our
barriers, we'll buy American, we'll invest in America, expect
a lot more in the days ahead.
I think some more apples are going to be shaken out of this tree.
I think a lot is going to get shaken out in the next few days.
So once again, hold, hold, because I think it'll be worth holding in the end.
It's going to be good.
It's going to be very good.
More, more, more, more, more.
This chaos born.
I love that.
Okay.
Let me move now into something else. I love that. Okay.
Let me move now into something else.
I wanna talk about health.
I wanna talk about healthcare.
There's a fella called Cali Means.
Cali Means, for a long time,
he was a healthcare lobbyist in Washington, DC.
And he worked in that health industry and he learned a lot
and he became horrified by what he was learning.
He and by now you may know Cali Means, if you don't, you should.
Cali is a fella and he's got a sister in Casey Means.
Traditionally, I usually get them mixed up because sometimes when the Casey is a guy's
name too, so I'm not sure which one's which.
Trust me, they're worth following.
Cali and Casey Means. By now, you probably know about them if
you're on board with the Make America Healthy Again movement,
as I am. They're brilliant. And they're really, really good.
They're really good at saying, Hey, there's a huge problem with
the American food supply. And it's been aided and abetted by
the government. There's a huge problem with nutrition
guidelines that the
government has been pushing on the American people for a long time. They're not designed
for your health. They're designed to enrich some of the wealthiest food companies on the
planet. That's the way they were built. There's a huge problem with pharmaceuticals, as you
know. And there's a huge problem with chronic disease that Americans are becoming sicker
in a world where we've never had access to more drugs. It certainly seems like health is not improving. And yet the big pharmaceutical
companies have become richer than ever. Hello, Pfizer, I mean, which of course is given unbelievable
sums of money by our own government and then given all sorts of lawsuit protections in
the midst of all these COVID jabs, and they were allowed to advertise.
The government did the advertising for them
without ever mentioning side effects to any of these drugs.
There's massive corruption in this industry.
It's an industry that's in bed
with people like Anthony Fauci.
It's the medical establishment literally created COVID.
So not to be trusted here.
And so Cali Means is working with RFK Jr.
at the Department of Health and Human Services.
And this week, the big news out of HHS
is they're firing a lot of people.
They're firing about 20,000 people from HHS
saying we've got to get rid of a lot of these bureaucrats.
This is not an agency that's been serving the American people well, and we need to focus
on health.
We need to focus on chronic disease.
We need to focus on the explosion in autism, the explosion in obesity, the explosion in
autoimmune disorders.
We have so many things that are worth tackling and we've made no progress on them.
In fact, things have only gotten worse in the United States of America.
So all of you need to go.
Callie Means was sitting down with Politico this week.
They did one of these big Politico interviews on stage and the interviewer, a woman called
Adasha Burns, was treating him like he was a caveman.
That like, what's wrong with you?
Firing all these experts.
Why are you firing all these scientists?
People are gonna die because of this.
And Cali Means was having none of it
and he shouldn't have been.
And so he decided that he would go full Leonidas,
not just on the woman on stage,
but in every healthcare lobbyist sitting in the crowd.
Take a look at this moment, which deserves a big audience.
Take a look at this.
There's real problems.
And when you turn on CNBC, it's just a nonstop,
it's a nonstop infomercial for pharma.
It's a Sky Rizzi commercial followed by Scott Gottlieb
saying how Bobby's killing people,
followed by a breathless coverage of the measles outbreak
and no mention of the mental health crisis.
How does putting a bunch of HHS solve that problem?
It is insane.
It is insane for you to insinuate that the thing standing between us and better health
is more government bureaucrats.
That's not what I'm insinuating.
That is what everyone's saying.
That is what she's saying.
It is absolutely insane to insinuate that it's some crime.
It's not all bureaucrats.
It's a lot of scientists.
It's researchers.
It's people who are making sure that our scientists are safe.
Those scientists fundamentally have overseen,
just demonstrably, a record of utter failure.
It would be insane.
Is that funny?
Not true.
Is that not true?
I'd love to hear how.
So what metrics would you guys point to for how
the scientific community, how the four times more per capita
on healthcare spending that we spend in America versus other countries has produced innovation?
Has there been one single chronic disease medication in modern American history that
has lowered rates of the chronic disease?
It is appropriate that the American Academy of Pediatrics right now, which is 90% funded
by pharma, is pushing Ozempic on six-year-olds.
That is what the medical authorities are doing. That is what the medical authorities are doing.
That is what the medical authorities are doing. They're pushing Ozempic on six year olds.
It's a disgrace. And I love, don't you love that attitude? How pumped are you? This guy
was like, okay, bring it on. You know, let me, let me just give you a sense. I don't
know exactly how Politico, who paid for Politico's event, but
here's the way it works in DC.
You ever, these events, you ever see these news events where basically, um,
a media company like Politico, they will do a stage show like what you just saw.
Where they'll do a live interview on a stage with the number of guests.
The point of those events is to make Politico a lot of money.
Those are paid for by massive sponsors.
Those are revenue generating events.
Those are not simple news gathering exercises.
Those are some of the core means by which these news outlets are making their money.
And so who pays for those events?
Massive corporate sponsors do.
And those corporate sponsors, one would assume for an event like that would include
the pharmaceutical company. The audience is packed with
pharmaceutical lobbyists who are there who are probably given
tickets by the sponsors who bought the event in the first
place. So they bring in Cali Means and the reason for that,
the reason he's so newsworthy, he's he's an HHS official, he's a special government employee working for RFK Jr., working with
him, helping inform his judgment here, thinking that they can corner him, embarrass him, do
this at an event that's sponsored by these organizations.
Again, I'm making assumptions here.
I didn't look to see who their corporate sponsors were, but I've seen this happen a million
times.
And he goes on that stage and he goes,
bring it on suckers. Every single one of you, he had, he had lobbyists for pharmaceutical companies
laughing at him disdainfully for saying something that was completely true,
which is that these agencies haven't helped us. And by the way, why would pharmaceutical lobbyists
be mocking him for the harsh position he's
taking on government employees?
Why would they be doing that?
The answer is because these agencies are captured.
That's why.
It's because these agencies are hardly distinguishable from the corrupt entities that own them.
They're all on the same team.
These aren't separate.
It's not industry and government being at loggerheads
with one another, not in the world that the left has
certainly created, not in the world that Washington has
created for so long. They're all the same team, they're wearing
the same uniform. And so Cali Means gets on that stage and
goes, you're all full of crap, and you're hurting children,
you're hurting Americans, all you're doing is maintaining their illness. You're not providing cures. You're not providing solutions.
This is a washington that told you that the solution to covid was to lock yourself inside of your house to wear a mask to hang plastic sheeting around every element of your life to not go outside and to jab yourself
with an experimental drug.
That was the solution.
And meanwhile, in real life,
the actual solution to the disease of COVID is lose weight.
Go for a jog, get out in the sun.
Go live your life is the solution to that.
Natural immunity is a solution to that.
And now thank God, or how pumped are you about the people that.
President Trump has in his administration right now.
RFK junior isn't Jay Bhattacharya, Marty McCary, Cali Means is in there.
This doesn't happen because the game, in this case is rigged.
This happens because we're gonna end the rigging.
These are the people who are being brought in
to be the wrecking balls, to destroy that system.
And so, there's a theme here that I wanna dwell on
just for the whole show, which is there are people who claim that
ludicrously that Trump, because he's a billionaire, is therefore owned by Wall Street. And no question there are rich interests who are trying to constantly get in President Trump's year to advance their own stake. That happens for every president of the United States. They definitely try to do that.
That happens for every president of the United States. They definitely try to do that.
But what owned by Wall Street?
You've got to be psychotic to walk away with the assessment that everything
president Trump is doing is merely for like his own enrichment or Elon Musk's
enrichment or for Wall Street's enrichment.
It's pathetic.
And it's the, it's the most brain dead analysis you can possibly summon,
especially in light of the fact that what he's actually doing is working for the little guy relentlessly. And then on this issue of health,
President Trump's not captured by the healthcare industry, he's not captured by the bureaucrats.
He just fired Anthony Fauci's wife this week. Did you know that? Anthony Fauci's wife was still
working within HHS as a bioethicist. she was just canned this week by the Trump administration.
Also, what kind of bioethics was she doing? She presided over the period where COVID was created
by the government and then got unleashed and then started mandatory injections on our troops.
started mandatory injections on our troops, it's madness.
And so that system is being broken and the convulsions that you are witnessing
in the corporate media and on like absurd
corporate media stages and over our airwaves in many cases,
those convulsions are the convulsions
of a captured corrupt establishment, furious
that you are finally going after them.
That's what they're upset about.
That's what we're seeing today.
And we're seeing a lot with this, with the reaction here to Trump's tariff policies.
Again, go look up Casey and Callie.
I'm going to have them on the show.
We'll get these guys, at least one or two of them on,
they reached out very early.
One of their reps reached out really early
to say that they're available.
So hell yeah, we're gonna get them in here.
And also at some point we'll have RFK Jr.
Wait, let me just, actually, let me,
I'll ask the audience here.
Chad, do you want RFK Jr. to stop by the show?
Is that a yes?
I'm getting some yeses. Dogmom1000 says yes. Let.K. Jr. to stop by the show. Is that a yes? I'm getting some yeses.
Dogmom1000 says yes.
Let's see.
And if anybody in R.F.K.'s orbit's listening,
pay attention here.
The audience is asking right now,
heck yeah, yes, yes, hell yes.
Fellas, put the chat up.
I just wanna make sure R.F.K. Jr. can see this.
Yeah, I think it's pretty overwhelming.
I think the reaction here,
we do have a no.
Somebody put a no.
That's a troll no, I can tell that.
Yes, yes, yes, yes, yes.
Yeah, we'll get him in here.
Who by the way, he's got the Jacked Up Fitness machine
at HHS.
Yeah, Jacked Up Fitness, they wanted to give RFK machine
and so they made a donation there.
And RFK said, I guess somebody at HHS said,
sure, we'll take the machine.
But of course, RFK was like, I can't just takeHS said, sure, we'll take the machine. But of course, R.F.K. was like,
I can't just take it in my office.
HHS, everybody who works here
needs to have access to this thing.
So they put the machine up right there in the building
so everybody can use it.
They can all get jacked up.
Look at this.
Yes, yes, yes.
I'm telling you, you know,
the people who are dropping nos right now,
you're trolls.
And I love you. Thank you for doing that. I appreciate nos right now, you're trolls. And I love you.
Thank you for doing that.
I appreciate that.
No, we do need to hear from this guy.
Even if you disagree with him fundamentally, if you're like, R.F.K.
Jr. is crazy.
You know what?
You're allowed to have that opinion.
And I'm happy to have him in because I'd like to talk to him because what is the point of
all of this if we can't hold our government officials accountable?
What is the point of all of this if we can't talk to these guys and find out what they're
actually thinking? Because this is an agency that wields
incredible power over the entire health industry in the country. And we desperately need to get
this thing fixed. And he's been tackling everything, whether it's the food industry,
getting out the harmful dyes, going after, you know, the stuff that's
poisoning people, the chronic diseases. What's going on with our groundwater? What chemicals
are they injecting into literally everything that you're consuming? You know, beef tallow,
you fellas like beef tallow? So can people, hey, talk in such a way that people can hear
you. Justin, are you a beef tallow guy? Oh, okay.
So the guys say they can't do that right now,
but they like beef tallow.
Justin likes beef tallow.
I don't know if I've ever had the beef tallow.
Does it really make a big difference?
You can taste it?
Steak and shake, well, I don't have a steak
and shake near me right now.
You guys are in Florida, so you have steak
and shakes all over the place.
Okay, we're going to have RFK on and talk to him, the beef tallow and everything else.
I got to try the tallow.
Everybody keeps telling me to try the tallow.
So I'm going to do that.
Hey, guys, would you keep your feedback coming?
All of you, everybody in the chat, God bless you, we've got 62 and a half thousand people
in the Rumble chat.
Keep the feedback coming. What you like about the shows, what you don't like about the shows, feel free. I like all the chat. God bless you. We got 60 62 and a half thousand people in the rumble chat. Keep the feedback coming what you like about the shows what you don't like about the shows.
Feel free. I like all the feedback. I'm not I've got a thick skin. I like it. And I do
feel like we're really finding our stride here with this program. And one of the things
just to just to give you a sort of an insider perspective, we always debate how we structure
the show, where we put the interviews, where we emphasize different things in
the program, that debate is always going on. The goal here
is to be maximally informative to make this hour worth your
time so that you can consume it, be a little entertained, find
out about some cool stuff, find out what's really going on in
the world and hear from experts who really know their crap. So
I'm, I'm really grateful. Oh, somebody doesn't like the set. That's fine. You don't
have to like the set. The set, by the way, just so everybody knows, is temporary. We're
here with the generosity of Rumble. This is Rumble Studio. They're just lending us the
space right now. We're building a brand new studio for me right now. And as soon as it's
locked and loaded, we'll be in there, baby baby and we'll be doing the show from there.
So I'll give you updates as we go.
I owe you more updates on all the nitty gritty
behind the scenes, but God bless you.
I'm just, I can't be more grateful
to speak to this great audience.