Speaker 1: You know, I think part of the reason Trump's been
successful in the Middle East negotiations and we get back
to that New York mentality. He sees them that way,
and he sees it as highly personal and not some
abstract diplomatic thing, but rather it's a you know, real
gut human interest or human interests, and he's pretty good
at that.
Speaker 2: You're listening to Carrie Letz's Financial Survival Network, where you
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Speaker 3: And welcome you are listening to and watching the Financial
Survival Network. I'm your host, Carrie lets and with us
today is our good friend Bill Walton and Bill Walton's show,
one of my favorites.
Speaker 4: Bill. It's great to have you back on.
Speaker 3: I know you've been focusing a lot on President Trump's
recent or ongoing Asian excursion. One thing's for sure. The
President knows how to put hours and miles on air
Force ones frame airframe, doesn't.
Speaker 1: He I think he's probably got the record for that,
that's for sure. But this is a man who never
sleeps on's he get three or four hours.
Speaker 4: A night and if he needs it.
Speaker 5: If he doesn't, ye if he needs it.
Speaker 1: But yeah, this has been a world win tour, and
I think so far it's been a very successful trip
at least in terms of the optics and showing that
he's making deals and getting people, getting these countries more
aligned with the US. And he's got a meeting with
you coming up in a couple of days, I think
Thursday this week.
Speaker 3: Well, I think what hasn't been played in the press,
and I believe is really for our Asian relationship and
containment of China. The treaty between Cambodia and Thailand. Like, honestly,
if you can tell me what they were fighting about,
I'd love to know, because I have no understanding of
it whatsoever. Some kind of maybe ancient territorial border, something
like that. I've been to Thailand many times myself. The
fact that he brought peace when they were like on
the brink of all at war. Asian Asian cultures all
about face and that really gave him tremendous face among
all of the Asian countries and cultures and perhaps diminished
China's standing in the region quite a bit because they
did absolutely nothing.
Speaker 4: What's your take on that.
Speaker 1: Well, I don't know the details of their conflict, but
I do know that the thing that's changed in Southeast
Asia and that whole area is that they've now entered
the modern economy, and their growth in those countries is very, very,
very strong. I mean, somebody said, if you draw a
pen and a map somewhere around North Vietnam and put
it out two thousand miles in all direction, you've got
about half the world's population inside that circle, about forty
forty five percent of the economic activity. And if you
look around the world, they're one of the few places
where we're seeing some growth and some people that are
being lifted out of poverty. And you know, my instinct
is that, without knowing the details, is the Trump appealed
to the fact that, look, you guys can't be fighting
with each other. You've got a not just got grievance,
but you get an economy to run. And I suspect
there were some economic carets as part of that, although
I'm not sure about the details, but you know, the
world has changed. I mean Europe is collapsing. It's economic
growth has just been plumbing because they've gone fully into
wind and solar so called renewables, which are not going
to fuel those economies. I think their share of US
world manufacturings brought from like twenty percent to nine percent
in the last fifteen twenty years. And then where that's
been picked up, the slack's been picked up, it's in
Southeast Asia. So I think Trump probably had had a
lot of carrots, a lot of deal making, a lot
of his old real estate expertise that will work here.
Speaker 3: You know, if you just guess if you can get
a project approved in New York City, they have exactly
peace between Thailand and these guys are a.
Speaker 5: Lot tougher New York than they are there.
Speaker 3: Yeah, a lot harder to get a zoning variance in
New York and peace treaty in Southeast Asia. And then
he did the same thing with India and Pakistan. You know,
two nuclear armed countries that have been at each other's
throats since their formation, since the formation of Pakistan after
World War Two. And you know, it's kind of like
it's a template here. He just knows how to do
this stuff. Obviously the big prize eludes him, which is
Ukraine Russia.
Speaker 4: But I have a feeling before.
Speaker 3: I'd say before next summer that war will probably be
over too well.
Speaker 1: That one is more tribal than anything imaginable. And then
the Ukrainians are it's just in the Russians have been
going at each other in a way that's just just
you know, the atrocities have been committed there, the depth
of hatred. I mean, there's all sorts of talks about
Nazis in the Ukrainian army. And of course the Russians,
you know, have known for their own their own bad deeds,
so that one's really ugly. And how they get how
they come back to the table, I don't know. But
I think what Trump did in Pakistan and India it
was sort of what he did the other place, where
he said, come on, guys, let's let's let's let's stay
a part of the modern economy, and you can't forward
to be shooting in each other. Let's make it an
economic competition, not a not a bullets and guns competition.
But you know, Ukraine defies defies ordinary logic. Yeah, you know,
he he's I thought he would wrap that up in
a week, and he didn't. So he thought he would
wrap it up in a week maybe less, and now
he knows he didn't.
Speaker 5: So I think he's think he's pretty frustrated.
Speaker 3: Yeah, well, you know, it seems pretty intractable. And like
you say, it's tribal. It predates the modern era, and
a lot of these things are tribal.
Speaker 4: But you know, he's he's done pretty spectacular job.
Speaker 1: You just put your finger on something. I think the
whole world is basically tribal in many ways. We talk
about these countries in the Middle East, and while we
put lines on the map that were drawn by the
British and there maybe the French and some of the
other colonial occupiers there, and they've got the trappings of
a sort of modern stay with a sort of democracy,
but really they operate as in a tribal fashion. And
you know, I think part of the reason Trump's been
successful in the Middle East negotiations, and we get back
to that New York mentality, he sees them that way,
and he sees it as highly personal and not some
abstract diplomatic thing, but rather it's uh, you know, real
gut human interest or human interests and he's pretty good
at that. So but Ukraine, you know, it's uh, you know,
Kelensky seems to me to be held bent on getting
as many Ukrainians killed and putin shows no sign of
any remorse.
Speaker 5: So I'm it's pretty upsetting.
Speaker 1: I mean, I'm part of the I'm part of the
people that believe that we did a whole lot to
encourage that, because absolutely, you know, bringing Ukraine and the
NATO right at Brush's border, and in fact, Ukraine had
been part of Russia for a long time or part
of the Soviet Union, and there's lots of Russian speaking
people in Ukraine. I mean, it would be you know,
it'd be like, you know, somebody trying to re annex
Texas or something. We're not gonna lett that happen.
Speaker 3: Yeah, well, you know the whole thing that they warned
the United States and the Color Revolution that was brought
on by US. Yeah in twenty fourteen. Yeah, Victoria Newland,
she's knee deep in this. And you know, I don't
like particularly like the term neocon, but these people, their
end goal seems they want to break up Russia and
go after its resources. I mean, I think that's what's
happening here in this is a Landland character is just
he's just beyond. He just has no regard for the
body count here. They don't care.
Speaker 1: Well. The thing I love about Trump's people coming in is,
you know, there's been an other world in as to
our State Department, in our diplomatic corps, and we think
we're going to be able to bring democracy, liberal democracy,
just like we did in maybe New England two hundred
years ago. We're gonna bring We're going to bring town
hall meetings to Kuwait.
Speaker 5: It just doesn't work that way.
Speaker 1: And we've been trying to say that we're the heck,
we're going to bring a liberal world order, and we have.
I can't think of a place we've really succeeded in
the last seventy five years.
Speaker 3: So Japan, I mean, well, but since that was World
War Two. Yeah, agreed. You know, it reminds me of
that movie Full Metal Jacket, when the colonel sees that
the guy is wearing a peace symbol on his.
Speaker 4: Half on his helmet.
Speaker 3: Need the colonel blastom and says, you know, inside every
quote unquote via to me is there's an American just
waiting to get out, and that that has been our
foreign policy post World War Two. It it just doesn't
it doesn't work. Maybe, And there's no proof that democracy
is such a great thing either all the time, there's
it fell.
Speaker 1: Very democracy can be a tyranny so quickly. Yeah, that's
the reason they want, you know, the left ones to
get rid of the Constitution is it is it slows
things down because you get power divided among three branches.
Speaker 5: And if you get rid of that, so.
Speaker 1: All those trappings of the Republican you get a pure democracy, majority.
Speaker 5: Rule and then Bob rule, Bob rule.
Speaker 3: So talking about that and the shutdown, this is like
the most insane thing I've ever seen, this shutdown. I mean,
for me, it's affected me because I've written a couple
of books and I want a library of Congress Control
number and I can't get it because they're shut down.
But you know, and we made an amazing discovery here
that most of the people receiving the food stamps snap
ebt cards aren't even Americans. I mean, what could they
have hoped to gain from this? It makes it makes
as much sense as the Ukraine Russia war.
Speaker 1: Well, you know, you pull the waters of money out
from all this and what's revealed at the bottom of
the of the pond is some pretty ugly stuff, and that,
you know, the food stamp scandal is one of those
things that comes out and in high relief, and you know,
maybe it gives us a chance to do something about it,
but you know, at some point somebody is going to
have to blank. And I do believe that even though
they control the media, the Republicans have got the Democrats.
Speaker 5: Rather have got a losing argument.
Speaker 3: And it looks like even CNN is turning on them.
I watched a few interviews. I'm not big on TV
interviews political because you know, it's just it's the usual politics.
But they're not looking good here, and the very people
they claim to want to help are turning on them,
like the federal union, the biggest, the Federal employees union,
and you know, basically turning down spending bills for the
most vital employee federal employees like air traffic controllers that
ensure that they get paid.
Speaker 4: They're not looking good here. They're coming up bad.
Speaker 3: They can't really blame it on the Republicans when they
made the decision to shut things down.
Speaker 1: Well, and when you think about it, really about Chuck
Schumer trying not to get primaried by AOC in the
next Democrat primary in New York. I mean, his personal
agenda is really driving this. He wants to look good
to the hard left of what.
Speaker 5: Used to be the Democrat Party.
Speaker 1: And you know, if you if you play to that
part of the constituency, you're only getting him at fifteen
to twenty percent of the votes, and everybody else is
light up on a sensible side of the aisle.
Speaker 4: Yeah.
Speaker 3: Yeah, it's it's just madness. And it's the same thing
with their candidate for Mayor of New York, Mandami. I mean,
it appears he's going to be elected. The only hope
we can have then is that Elie Stephanic gets elected governor.
Because the governor can remove state of local officials. That's
the only hope that New York has at that point.
She has to get elected and remove him.
Speaker 1: You know, I've got a radical view that I think
you if they vote him in, deserve what they get.
And you know, let's try this governance in New York City.
And we know it will be a failure, and we
know that things are going to come apart, so maybe
we can maybe We've got a real demonstration here of
how bad these ideas really are.
Speaker 4: I mean, it's going to be a complete disaster.
Speaker 1: Let's not save them from themselves. I mean, we know
that this. We know he's got an insane agenda, so
we know he doesn't particularly like America. So except for that,
he's great.
Speaker 3: Yeah, he's wonderful. Yeah, well maybe they'll get what they deserve.
But you know, well, you know, Bill the one hand,
New York and what it used to be, used to
be the center of financial power, and so I live
the hats.
Speaker 4: Yeah, as not anymore. In Florida.
Speaker 3: Miami, arguably from Palm Beach County down to brickle is
the center of financial power now in the United States.
But our media, so corrupt, hasn't bothered to report that
news to the public, and most people, if you ask,
still believe that the center of power is on the
corner of.
Speaker 5: Broaden Wall, which Broaden.
Speaker 3: Wall is now just a backdrop for financial journalism.
Speaker 1: Well, when you got a guy like Ken Griffin moving down,
moving everything to Florida, that that tells you all you
need to know. He's as you probably know, he's got
one of the biggest head funds in the world, and
Miami has always been the financial capital of Central and
South America. And so that they've done is they just
thanks thanks to bad governance and city and big cities,
they've made it a financial capital of all of them,
all of America, you know, North, Central and South.
Speaker 4: Yeah, totally, totally so. And I see it.
Speaker 3: I live down here, and the people I know, I
knew what was happening after the Great Financial Collapse crisis, yeah,
in eight because hedge funds and other financial entities started
making little back offices down here, minor offices, and they
were clearing the way to actually come down here because
you know, tactes don't matter until you have to pay them, right,
And these companies are paying like billions of dollars to
the State of New York for what getting nothing back.
Lousy streets, lousy schools, unsafe streets. And you know, the
the under the Democrats, the lefts inability to grasp the
importance of the crime issue is it's just one of
the most shocking things that I've ever seen, Like crime
doesn't matter all of a sudden.
Speaker 1: Who thinks that, Well, they're not even the left anymore.
They're nihilists. And you know, that's that big word for
people that just want to destroy and not build. And
I think it's some Russian They were started in Russian
enth century before the revolution there took the Bolshevits, and
you know, there's there's a lot of these groups that
if you ask them what they're for, what they want
to see is the next thing. They can't tell you.
All they want to do is destroy stuff. And I'm
fear that's what we've got here. And they don't have
a vision of you know, it's not some utopian thing
where if they're going to once they get into power,
they're going to do this, this, that and the other thing.
Speaker 5: You know.
Speaker 1: The closest they've got is they're going to have state
run grocery stores. And that that works so well in
the Soviet Union. Why not why not try at Manhattan?
Who needs gressities? You know, John Katsimatitis, you know, we
get we get that great example of Soviet grocery stores.
Speaker 3: Insane, completely insane. The world's gotten mad here. Well, but
luckily we're still saying Bill, so.
Speaker 4: Just tell us.
Speaker 3: I think, yeah, well, last time I looked in the mirror,
I was but that might not last. Yeah, where's the
best place to find you.
Speaker 4: Check out your show, The.
Speaker 1: Bill Waltonshow dot com and also YouTube and rumble, and
we've got a page. We've got a substack page where
the shows are. I've been taking a break for the
last several weeks, but we've got two hundred and seventy
five shows. Most of them are evergreen content and some
really really interesting people like Eric Eric Prince, who ran.
Speaker 5: Blackwater Sure is on there.
Speaker 1: And we've got Art Laugher who was a Laugher cur
in supply side economics. And most of the conversations are
things you would whether we had it six months ago
or today, are still relevant.
Speaker 4: All right, Oh hey, we appreciate you coming on.
Speaker 5: The link is Chaco.
Speaker 3: It's fun and the links in the show notes to
this interview on Financial Survival Network dot com. I've actually
switched myself to substack because my emails from substack actually
get delivered to you out there, and it has so
many benefits. It's really it's not a website. It is
a business model, a business plan, and can't say enough
good things about it. I don't have to maintain my
own website anymore. They do it for me. Everything is
taken care of so it really is amazing. I call
it the future of journalism. Bill, it's a pleasure always
having you on. We'll talk to you again real soon.
Speaker 5: Talks good.
Speaker 2: Thanks for listening to carry Letz's Financial Survival Network, your
solution to today's trying times. For the latest, go to
Financial Survivalnetwork dot com. Financial Survival Network
Speaker 5: Now more than ever,