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Speaker 1: And that's what matters. That the United States is in

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essential market. And I don't think that until this came about.

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You know, people realize how essential the United States relationship

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is with these other nations right because people are beginning

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to come to the table and negotiate better rates that

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benefit the US.

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Speaker 2: You're listening to Carrie Letz's Financial Survival Network, where you

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get valuable information you just can't find anywhere else to

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thrive in today's trying times. You need the Financial Survival

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Network now more than ever. Go to Financial Survivalnetwork dot

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com and get your free newsletter and gift. Financial Survival

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Network now more than.

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Speaker 3: Ever, And welcome. You are listening to the Financial Survival Network.

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I'm your host, Carrie Leutz, and well, looking out there

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at the landscape, we've got these tariffs, We've got massive

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change occurring, not just in the United States but across

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the world economic, technological, social upheaval, and trying to make

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sense of it. I like to go and get a

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variety of opinions. And we are joined by Gerson Gibbs,

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senior managing partner of Belite Capital and a former financial

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regulator who oversaw institutions like JP Morgan, Chase, Wells, Fargo,

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and Ubs.

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Speaker 4: Great to have you on Gerson.

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Speaker 3: So you've been focusing in on tariffs and their impact

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on markets, and I guess on the economy now that

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we're really a few months into this disruptive course, what's

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your overall assessment of what the country and the world

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is going through now?

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Speaker 1: Well, I believe that the country is going through the

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transition that they were asking for, right. I think Trump

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was nominated by the people, and you know, his approach

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is a business approach, and I think that the transition

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of it is a little rough, was a little rough

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in the beginning, but I think that people are beginning

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to understand his business approach, and I think he's doing

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a decent job at showing how he approaches business.

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Speaker 3: So, I mean, I used to be a major free trader,

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believing that you let the markets work they work most efficiently.

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But that was before like countries started weaponizing free trade

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against the United States, causing a lot of damage, a

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lot of dislocations, a lot of a lot of really

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negative side effects of free trade. What's you're feeling about

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free trade?

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Speaker 1: No, I think free trade is what makes America America, right, However,

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like you mentioned, a lot of countries began to take

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advantage and once what was once something that made us

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powerful was starting to hurt us because people were misusing

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the free trade phrase that way, utilizing and just positioning

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themselves in a way that harmed America.

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Speaker 4: So I think that you know that the approach that.

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Speaker 1: He has now is a pretty decent approach, and it

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had to change because we were suffering because of it.

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Speaker 3: Yeah, I'm inclined to agree with you, and I never

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you know, I went to school. It was an economics

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major for a while and until I really became disenchanted

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with the economics department at Pace University, and I learned

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that the free trade you know, Milton Friedman, free trade

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benefits everyone. And then all of a sudden we're seeing, yeah,

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well it's definitely benefiting some interest some people throughout the world,

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but not the United States at this point. So point, though,

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do you uh, do you try to at what point

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is too much equalization or fairness?

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Speaker 4: What time?

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Speaker 3: At what point does it become unfairness?

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Speaker 4: I think we got to the unfair point.

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Speaker 1: I think that, you know, just looking at the data,

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the United States was suffering, and again it could have

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been because of things.

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Speaker 4: That were there for a while and bubbled up.

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Speaker 1: In the last administration, you know, and I think that again,

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it needed to be changed. The country was already suffering.

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We were seeing the impacts of trade. Our economy was suffering,

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and we're seeing just based on the changes, a little

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bit of uptick in the market. So you know, outside

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of all things, his approach is in some way, shape

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or form working a bit.

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Speaker 3: Yeah, So America first, but really it's really the world

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we're talking about, because the system that was in place

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really became unsustainable, didn't it correct?

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Speaker 4: Correct? Correct?

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Speaker 1: It was just again I believe that because of the

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relationship that America has with other nations, we see it.

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Speaker 4: We see it a lot more.

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Speaker 1: It's a lot more intense because of our strong relationships

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with our allies, and trade has to be managed properly

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or even though it's an ally, you can end up

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suffering because of that relationship, in my opinion.

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Speaker 3: All right, so you know, and this affects the entire world.

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US is basically twenty twenty five percent of global consumption,

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and they keep saying, well, it's only five percent of population.

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Be that as it may, that twenty five percent population

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rather consumption of the world's gdp uh makes makes the

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US really an essential market, doesn't it? Exactly exactly?

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Speaker 1: And that's and that's what matters, that the United States

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is an essential market. And I don't think that until

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this came about. You know, people realize how essential the

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United States relationship is with these other nations, right because

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people are beginning to come to the table and negotiate

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better rates that benefit the US. So we were seeing

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the importance and how these countries are trying to maneuver

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the tariff phrase.

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Speaker 3: Yeah, and I see this also. Once upon a time,

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trade agreements were left to diplomats, and diplomats went all

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over the world, globe trotting to five star resorts, dining

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at Michelin Star restaurants, and the wine flowed and they say,

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it's very difficult. It's hard to come to these agreements. Now,

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with AI, you basically feed the you train the thing

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on international law, on tariffs, on logistics, and you put

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the agreement in there. It analyzes, it tells you where

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you're getting the short end of the stick, and tells

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you what you need to do to change it. Can

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of agreements in a matter of weeks, if not months.

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So things have really changed, haven't they.

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Speaker 4: Oh?

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Speaker 1: Absolutely. AI had just changed the game tremendously. You know,

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we saw it being used when Trump first came into

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office and he worked with Elon and they were just

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trying to utilize the AI systems to get information on

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how America was utilizing their funding.

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Speaker 4: And they found a lot of things out very quickly.

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Speaker 1: You know, it's the same thing that's happening with these

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trades and other nations. AI is something that's booming around

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the world, and I think it's going to change business

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for many many years to come.

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Speaker 3: So and yeah, we saw recently that DOGE had come

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up with an AI tool to cut regulations and their

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goal is to cut regulations by fifty percent by January twentieth.

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You think that can be done.

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Speaker 1: Yeah, With all of these super chips and all of

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these companies and the money that's going into this technology,

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I definitely think it could be done by that point.

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Speaker 3: All right, Well, I think you're right, and I'm excited

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to the prospect of seeing things like working better, seeing

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the country working better. From your standpoint to your company,

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you're really a regulatory guru. How's this going to affect

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your business.

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Speaker 1: Well, it already began to impact my business. Things as

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simple as procedures and just efficiency. It's transitioned from paper

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to electronic to now AI, and it just makes things

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more efficient when new rules are put into effect.

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Speaker 4: You know, I f I'm a rule books hundreds and

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hundreds of pages long, right, so when a new.

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Speaker 1: Rule is put into effect, it's pretty difficult for these

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smaller broken dealers or even the bigger broken dealers to

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stay abreast of things. And I think that AI changes landscape.

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You know, you can type something in AI, what's the

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new rules, incorporate these into the company's procedures, and it

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could be done within seconds, you know, And before.

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Speaker 4: That wasn't It took a couple of weeks just to.

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Speaker 1: Go through things, certain reports, independent reports that are required.

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Speaker 4: It completely changed the landscape.

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Speaker 1: You can review contracts, you could analyze companies a bit differently,

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so you can.

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Speaker 4: Help gear your customers a lot better.

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Speaker 1: So I think that the AI revolution has totally transitioned

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my business.

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Speaker 3: Mine too, because I've been a YouTube content creator as

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they like to call us, for fifteen years and finally

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I put all my numbers into the AI and it

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told me that they've been basically sabotaging me, restricting the

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distribution of my videos. And I'm not controversial at least,

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I believe, you know, I believe in hard assets and

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as well as traditional assets. I'm not like a threat here.

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I'm not advocating anarchy. And yet in five minutes, the

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AI was able to tell me what I knew deep

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down for fifteen years that they were they put a

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lid on my business. I mean, that's pretty amazing that

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you could do that. And six of them, six different AIS,

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including their own Gemini, came up with the same exact conclusion.

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I mean, that's amazing, isn't it.

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Speaker 1: That is amazing, And that's hard facts. You know, these

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things are pulling from credible sources, right, So it just

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changes you. It gives you a tool that you can

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defend yourself with, defend your business with, and I think

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that's the most important. If AI is utilized correctly, it

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could change things for the good exactly.

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Speaker 3: And you know, I'm sure the military is using it extensively.

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I think the entire government is kind of being taken

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over or is experiencing an AI revolution, and I think

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you're seeing it in your business on seeing it in mind,

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and hopefully it'll be for the better. I think certainly

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it's going to improve productivity and efficiency and that's the

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cornerstone of economic growth in every country in the world.

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Speaker 4: Absolutely, I agree. I can't agree more so.

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Speaker 3: What are you ever worried, though, that the AI is

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going to kind of basically be so good it'll put

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us out of jobs?

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Speaker 4: Absolutely not.

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Speaker 1: You know, it's computers, right, it's still things. A lot

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of things in the world still require human touch, human knowledge,

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human direction.

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Speaker 4: You know.

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Speaker 1: I believe that the human species to be more confident

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in themselves and know that nothing can.

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Speaker 4: Replace a human being.

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Speaker 1: However, AI is just another tool that was given to us,

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and it could help us just work differently, not work

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the same. I would say, maybe some jobs wouldn't be applicable,

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but I think through AI there will be new jobs

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that will come into play and those older jobs would

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be then replaced by those jobs.

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Speaker 3: Couldn't agree with you more. I think it's a revolution

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that's still unfolding. But it's so fast. You know, we've

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both been around for a while. Have you ever seen

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change happen this quickly in the world?

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Speaker 1: Not everything is moving at warp speed, and I believe

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we're just getting accustomed to a new speed, right. I

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think things are moving faster, and as human beings, we

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can we can definitely train ourselves to what's going on

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and what's happening.

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Speaker 4: Right, So I believe that.

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Speaker 1: It's new, it's fast, but we will get accustomed to

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it eventually.

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Speaker 4: And we are getting accustomed to it. We're utilizing AI.

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Speaker 1: You're utilizing it in your business, and I'm utilizing it

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in mind.

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Speaker 3: All right, Well, I think we'll leave it at that, Gerson,

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How do we find you on the web? How do

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we connect with you? And there's anybody out there, representatives,

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companies who can use your service, where should they find you?

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Speaker 1: Oh, you can find me at www dot Bellett E

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E L I T E Capital c A P I

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T A l dot com and all my information will

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be located on the contact page.

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Speaker 3: Excellent, And we've got a link to Bellett Capital in

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the show notes of this interview on Financial Survival Network

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dot com. Just go there, click it, take your right

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to Gerson's site and while you're there, we just ask

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you sign up for your free newsletter, like over seventy

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thousand of you have, and we got a lot of

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great info on there that will help you make decisions.

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What's you're feeling out there? You're seeing the AI revolution,

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How is it affecting you personally? I'd like to know,

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And how do we make it so it doesn't make

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human beings useless or superfluous? Gerson, It's about a pleasure.

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Thank you so much for coming by. We'll talk to

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you again soon.

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Speaker 4: Thanks Kerry, talk so one.

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Speaker 2: Thanks for listening to carry Letz's Financial Survival Network, your

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solution to today's trying times. For the latest, go to

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Financial Survivalnetwork dot com. Financial Survival Network now more than ever,