Speaker 1: This is Dan Kaplis and welcome to today's online podcast
Speaker 1: edition of The Dan Kaplis Show. Please be sure to
Speaker 1: give us a five star rating if you'd be so kind,
Speaker 1: and to subscribe, download and listen to the show every
Speaker 1: single day on your favorite podcast platform.
Speaker 2: Well, spoiler alert, this whole show is going to tell
Speaker 2: you what the future is going to be. So if
Speaker 2: you don't want to know what the future is going
Speaker 2: to be, please don't listen, But we really want you
Speaker 2: to stay three or three someone three eight two five
Speaker 2: to five The number text d A N five seven
Speaker 2: seven three nine. Obviously a little tongue in cheek, but
Speaker 2: come on now, credit where credits?
Speaker 3: Do?
Speaker 4: Ryan?
Speaker 2: Do you expect we're going to soon start receiving like
Speaker 2: electronic transfers of funds. What what do you think would
Speaker 2: be an appropriate percentage for people, completely voluntary, completely voluntary,
Speaker 2: to share.
Speaker 4: Off of any of their gains in the market.
Speaker 2: Since the second, the second this panic porn started on
Speaker 2: the left, which was the second President Trump announced Liberation.
Speaker 4: Day in America with these tariffs?
Speaker 2: What did I say? What did I say? I said,
Speaker 2: he is in control. It's not the art of tariffs,
Speaker 2: it's the art of the deal. He is in control,
Speaker 2: so we're not going to have a market crash. He's
Speaker 2: going to be able to engineer this thing to a point,
Speaker 2: a pretty significant point, and I think we are watching
Speaker 2: that unfold together now. With that, my young friend, please understand,
Speaker 2: And I always tell everybody this, If I talk to
Speaker 2: you about what I do in the market, do the opposite,
Speaker 2: because at least that way I can sleep at night.
Speaker 2: I'd feel horrible if even one person lost a hard
Speaker 2: earned dime.
Speaker 4: Because of something I said.
Speaker 2: But as we look at this thing right now, I mean,
Speaker 2: we've got it right from the beginning, right But now
Speaker 2: you know, listen, I'm not sitting here thinking, oh yeah, hey,
Speaker 2: this market it's just going to go straight up, not
Speaker 2: at all. And so you know the fact that I've
Speaker 2: layered into this thing and bought into this panic doesn't
Speaker 2: mean that I think.
Speaker 4: That that the selloffs are over.
Speaker 2: I wouldn't be at all surprised if over the next
Speaker 2: week we see a number of down days. If we
Speaker 2: see it down, we could see it down day tomorrow.
Speaker 2: But as I look at this thing as an amateur,
Speaker 2: I'm no investment professional. We've been fortunate to have things
Speaker 2: work out but as an amateur, the way I look
Speaker 2: at this is that, hey, no, there is still going
Speaker 2: to be chopping us ahead, right because I mean, you've
Speaker 2: still got and I understand why these big one hundred
Speaker 2: and twenty five percent tariffs on China, and that is
Speaker 2: no small thing because China has been such a violator,
Speaker 2: the Communist Party is such an abuser, and those issues
Speaker 2: have got to be worked out.
Speaker 4: They've got to be worked out for the long term
Speaker 4: good of America.
Speaker 2: And thank god Trump has the guts to stand up
Speaker 2: and take China on on this after Democrats have yapped
Speaker 2: about it for how many decades but then not been
Speaker 2: willing to do anything. And so Trump was elected as
Speaker 2: a disruptor. Is He's doing exactly what he said he'd do.
Speaker 2: This is the kind of disruption that people voted for.
Speaker 2: He said he was going to do it, and I'm
Speaker 2: glad that he is. But I'm also glad he did
Speaker 2: what he did today because it got to the point
Speaker 2: right where the downsides were starting to outweigh the upsides.
Speaker 2: And that's what I said from the very beginning, is
Speaker 2: why the panic porn. This isn't like COVID where you
Speaker 2: don't know where it's headed. This is largely one guy
Speaker 2: in control, and when the negative starts to awigh the positive,
Speaker 2: he'll adjust.
Speaker 4: And that's exactly what he did today.
Speaker 2: Three or three someone three eight two five five text
Speaker 2: d A N five seven seven three nine Brian, Are
Speaker 2: we getting those electronic transfers yet?
Speaker 4: Maybe we have not given a number? Does Kelly e Azel?
Speaker 4: Does she have something we could just direct all this?
Speaker 5: Well, she sure does, and she'd be a primary beneficiary
Speaker 5: of all this. But I think what we all could
Speaker 5: live with, Dan is if they wanted to donate ten
Speaker 5: percent tithe whatever their earnings were by listening to you,
Speaker 5: to Catholic charities.
Speaker 4: Which would be a beautiful thing, right, or any charity
Speaker 4: of their choice. Right? True?
Speaker 2: Obviously my heart very close to Catholic Charities and privileged
Speaker 2: to be on the board.
Speaker 4: And I truly don't know.
Speaker 2: There are so many great charities, but I don't know
Speaker 2: of one that does more like in the trenches, nitty
Speaker 2: gritty better work with the money it gets than that one.
Speaker 4: But anyway, we want to get everybody's reaction to this.
Speaker 4: What's your right?
Speaker 2: Do you think this was done today from a position
Speaker 2: of strength, the position of weakness? Do you think financially
Speaker 2: it's the right move or wrong move? Politically the right
Speaker 2: move or wrong move. Where do you think it goes
Speaker 2: from here? Because it is not over. It is not over,
Speaker 2: certainly not in terms of China, and you've got some
Speaker 2: some real political dynamics that work on both sides there,
Speaker 2: Tara three someone three eight two five five, Yes, sir, Yeah,
Speaker 2: it just my two cents Dan on what I read
Speaker 2: from today, and I think it was brilliant.
Speaker 5: And however, Trump got there, and a lot of people
Speaker 5: might think he's kind of, you know, figuring it out
Speaker 5: as he goes and making it up on the fly,
Speaker 5: and maybe he is in some ways, but like you said,
Speaker 5: he always held the car keys here. And if he's
Speaker 5: able to hammer out a bunch of one on one
Speaker 5: low tariff or zero tariff, mutual reciprocal tariff deals with
Speaker 5: all these individual nations, especially ones like Taiwan, Vietnam, et cetera,
Speaker 5: that might be direct competitive for what China provides, there
Speaker 5: isn't a real opportunity here, I think Dan to isolate
Speaker 5: China for the from the rest of the world to
Speaker 5: strike these really good deals with all of Europe and
Speaker 5: these other nations that want to do business with us,
Speaker 5: and it puts China in a very precarious spot. And
Speaker 5: I think that was Trump's and tent all along.
Speaker 4: And you know what it comes back to.
Speaker 2: And and Trump is not subtle about strategy, not at all, right,
Speaker 2: And that's one reason he's been so effective piece through strength.
Speaker 2: But like this morning when he came out and said, hey,
Speaker 2: it's a great time to buy, how could anybody not buy?
Speaker 6: Then?
Speaker 2: You know, I mean, I think he was making it
Speaker 2: pretty clear. And it was an hour later, right, he
Speaker 2: made this announcement. But here is today's big reveal. How
Speaker 2: does Trump end every rally, every rally he did during
Speaker 2: the campaign.
Speaker 4: What was the song he played at the end?
Speaker 5: Well, hold on, I'm coming.
Speaker 2: I thought, I thought every single rally ended with the
Speaker 2: same Stone song.
Speaker 4: You can't always get what you want.
Speaker 5: Right, and they think the Stone.
Speaker 4: But you can get what you need right.
Speaker 2: And so that's that's the point of this whole strategy,
Speaker 2: right is America comes out better in the end. Whether
Speaker 2: Trump gets one hundred percent of what he was after
Speaker 2: or he gets fifty percent, whether he gets seventy five
Speaker 2: percent or he gets thirty percent, we still come out ahead.
Speaker 2: And have still made a decisive move in the right direction.
Speaker 2: So you can't always get what you want, but you
Speaker 2: just might get what you need. And so yeah, do
Speaker 2: I think that Trump had set all of this up
Speaker 2: to be able to do a pause today for those
Speaker 2: who had not retaliated against US.
Speaker 7: No.
Speaker 2: I think that he moved quicker than he had intended
Speaker 2: to on any kind of terror relief because the downsides
Speaker 2: were becoming too large. But that was our whole point
Speaker 2: in the beginning, Right, is fine, You use your leverage,
Speaker 2: you start heading down the road to get the best
Speaker 2: deals you can, and then you wo adjust as you
Speaker 2: need to, as you weigh the balance along the trip.
Speaker 2: And that's exactly what he did today, exactly what we
Speaker 2: predicted he would do. And I think it was smart
Speaker 2: to do what he did today because you were starting
Speaker 2: to get some downsides politically and economically that I think
Speaker 2: required him to do what he did today. Three or
Speaker 2: three someone three eight two five five text d A
Speaker 2: N five seven seven three nine. So we're going to
Speaker 2: talk about that anxious for your take.
Speaker 4: And what's ahead? Really what is ahead?
Speaker 2: Because it's not as if now it's it's all going
Speaker 2: to be smooth, it's all going to be perfect. It's
Speaker 2: all going to be a first class flight straight up.
Speaker 2: So what do you see coming and what do you
Speaker 2: intend to do about it? But again I come back
Speaker 2: to where we started. All this smart move by Trump,
Speaker 2: create leverage, use the economic might of the United States
Speaker 2: of America to get us going down the road toward
Speaker 2: more fairness, you know when it comes to international trade,
Speaker 2: and so were better off today we were before he
Speaker 2: started this. And nothing in life, nothing in life that's
Speaker 2: worth doing, particularly taking on a big problem, is ever
Speaker 2: going to be painless. So we want to talk locally
Speaker 2: as well, though, Polis it looks like is going to
Speaker 2: veto a bill that we've been talking about on this show.
Speaker 2: In fact, my law partner, John Kellner, the former elected
Speaker 2: da inter Epo and Douglas Albert and Lincoln had written
Speaker 2: a piece for the Gazette on this where Polis and
Speaker 2: the Democrats were aiming in this legislative session to restrict
Speaker 2: the ability of local cities and towns, you know, to
Speaker 2: have severe enough penalties for different crimes that they could
Speaker 2: protect the people in their own jurisdiction. You know that
Speaker 2: the criminal loving lefties who controlled the state legislature and
Speaker 2: democratic politics. Wanted to rein in the cities and towns,
Speaker 2: the municipalities and say, oh no, you can't have any
Speaker 2: tougher penalties than we have at the state legislature. Looks
Speaker 2: like is going to veto that bill. So he hasn't
Speaker 2: promised to, but he's making noise in that direction. We'll
Speaker 2: update you on that, and that would confirm Ryan, what
Speaker 2: we've been talking about politically, right, which is I think
Speaker 2: Polis moved down from Colorado a long time ago, maybe
Speaker 2: even before he was elected the first time. It was
Speaker 2: always about trying to position himself for further office. And
Speaker 2: that's not a tough conclusion to reach since remember were
Speaker 2: you here when he got elect.
Speaker 4: The first time? And yep, right after that the story.
Speaker 2: That broke right after that about how entities associated with
Speaker 2: Polis had had registered the domain names Polis for President, etc.
Speaker 2: So I think he moved on from Colorado a long
Speaker 2: time ago.
Speaker 4: It's all been.
Speaker 2: About this fantasy of becoming president or vice president.
Speaker 4: But I can't fault him.
Speaker 2: When you go to bed at night, Ryan, let's say
Speaker 2: you have a hard time fall asleep. Do you have
Speaker 2: any fantasies that kind of help you get to sleep.
Speaker 4: I mean I do.
Speaker 2: I mean sometimes I'll lay there in bed and maybe
Speaker 2: I have a trial the next morning. Whatever, I'm just
Speaker 2: trying to clear my mind. I'll be on that back
Speaker 2: nine at Augusta and I'll just I'll just visualize and
Speaker 2: I'll put myself into that back nine at Augusta and
Speaker 2: you know.
Speaker 4: Then a Eagle's sixty.
Speaker 2: You know, pull in one on sixteen and birdy eighteen
Speaker 2: to win the Masters. I think everybody has some of
Speaker 2: those fantasies that help me get to sleep at night.
Speaker 2: And there is a better chance of mine coming true
Speaker 2: than Polus is. You're on the Dan Capitla.
Speaker 5: Show and now back to the Dan Taplass Show podcast.
Speaker 8: Wall Street has grown wealthier than ever before, and it
Speaker 8: can continue to grow and do well. But for the
Speaker 8: next four years, the Trump agenda is focused on main Street.
Speaker 8: It's main Street's turn. It's main street's turn to hire workers,
Speaker 8: it's main street's turn to drive investment, and it's main
Speaker 8: Street's turn to restore the American dream.
Speaker 2: Oh, I love here and then from the Treasury Secretary
Speaker 2: of Scott Pscent, I love hearing that.
Speaker 4: And it can't just stop with the economic right. It
Speaker 4: can't just stop with the tariff's strategy.
Speaker 2: And this is the key distinction, right, because I thought
Speaker 2: of tremendous back and forth the other day, Rosskaminski does
Speaker 2: a great show over an eight to fifty K and
Speaker 2: I kind of debated Trump's tariff strategy, and our different
Speaker 2: starting point was my assumption that this was not based
Speaker 2: on long term imposition of tariff's for tariff's sake, but
Speaker 2: instead was part of a leverage strategy to immediately get
Speaker 2: a better landscape worldwide for American trade and therefore benefit
Speaker 2: American manufacturing and American other ways.
Speaker 4: Okay, and then my.
Speaker 2: Esteemed colleague Ross's premise was that, no, it was actually
Speaker 2: a long term structural tariff play by Trump, and those
Speaker 2: are two completely different strategies, right. I think it's been
Speaker 2: proven out at this point that no, that Trump's play
Speaker 2: is not a long term imposition of high terriffs for
Speaker 2: the purpose of national revenue to say, maybe replace the
Speaker 2: income tax, et cetera, but instead a really brilliant strategy
Speaker 2: and brilliant use of American strength to improve the playing
Speaker 2: field immediately and.
Speaker 4: Get as much as you can.
Speaker 2: Albeit the song you can't always get what you want
Speaker 2: but sometimes you get what you need, which is how
Speaker 2: you know he would end musically just about every presidential
Speaker 2: campaign stop he did, and that's what he's doing right now.
Speaker 2: And I think the timing dictated the big move today.
Speaker 2: I think was dictated by, you know, some of the
Speaker 2: downsides being larger faster than maybe he was anticipated. But
Speaker 2: that's why I always had confidence in this play from
Speaker 2: the beginning. He would be in control, he would have
Speaker 2: the ability to adjust. So certainly there's some more pain
Speaker 2: ahead as China is dealt with, but I like the.
Speaker 4: Balance he striking so far.
Speaker 2: Three or three, two, five, five texts DA N five, seven,
Speaker 2: seventh through nine. And Ryan, we haven't heard of that
Speaker 2: signal controversy much lately, have we?
Speaker 4: Nope? Yesterday's news.
Speaker 2: Yeah, how about Trump has always been a master at that?
Speaker 5: Well, how about Corey Booker's twenty five hour filibuster though
Speaker 5: supposed to be historic.
Speaker 4: No, he is.
Speaker 2: He has always been a master at that. And could
Speaker 2: it be Listen, this play was coming right, he ran
Speaker 2: on it. He's been talking about this for years and
Speaker 2: he's right about the underlying problems. So did this get
Speaker 2: sped up a little bit because that that timing may
Speaker 2: have worked better for the administration knock some other stuff
Speaker 2: out of the news cycle. Maybe I don't know, but
Speaker 2: clearly this was coming. My only surprise on all of
Speaker 2: this is that it didn't begin with an Oval Office
Speaker 2: address where he just laid it out comprehensively for everybody.
Speaker 2: But again, he has been running on it for years.
Speaker 2: Texter to DA seven, seventh through nine. Then I'll get
Speaker 2: to the phone lines, Texter says Dan. When I get
Speaker 2: every pennyback that I lost you to Trump's rampage, I'll
Speaker 2: make a decision on if what he did was good
Speaker 2: or bad. I think that's the wrong way to look
Speaker 2: at it, my friend, because when you look at the
Speaker 2: history of America, right, the only reason we live as
Speaker 2: well and as freely as we do today is lots
Speaker 2: of Americans before us. We're willing to sacrifice a lot
Speaker 2: more than a temporary hit to their four oh one k, etc.
Speaker 2: And I'm not trying to downplay the impact of that.
Speaker 2: It's made me want to throw up several times over
Speaker 2: the last ten days. But all I'm saying is that's
Speaker 2: the history of America and American greatness. You know, the
Speaker 2: willingness to sacrifice for this nation as a whole to
Speaker 2: get to a better place, and so many people have
Speaker 2: given that last full measure of devotion. So sorry, not
Speaker 2: going to shed any tears for that texture. But what
Speaker 2: I will say is, I think you've got a lot
Speaker 2: of Americans, Rynd. We had a caller last week, Carly
Speaker 2: from Highland's Ranch, who I think just encapsulated this a
Speaker 2: lot of America who are willing to suffer financially, not
Speaker 2: just in the short term, willing to pay some higher
Speaker 2: prices for big screen TVs and everything else in order
Speaker 2: to have a more stable, long term, nationally secure, coherent
Speaker 2: America that's fair for everybody, including the middle and working class.
Speaker 2: So Dan, this was the plan from the very beginning.
Speaker 2: To bring everybody to the table to negotiate a new
Speaker 2: trade deal, and you bring China to heel.
Speaker 4: I do think this was the plan from the beginning.
Speaker 4: It's not over yet.
Speaker 2: China is the big Kuna, right, and that's not going
Speaker 2: to end as easily, and so there is going to
Speaker 2: be there is going to be some churn and ups
Speaker 2: and downs ahead, but I think it's off to a
Speaker 2: good start. Let's go to beautiful Boulder, Colorado. Talk to
Speaker 2: David you're on the Dan Kaplis show.
Speaker 4: Welcome.
Speaker 9: You are right.
Speaker 10: It is beautiful ludure today, isn't it?
Speaker 8: Dan?
Speaker 4: Every day?
Speaker 10: Well not every day, but it's extra beautiful today. I
Speaker 10: want to first congratulate you in trade and a discussion
Speaker 10: on that Monday, very very rare. We made ten percent.
Speaker 10: You know you obviously got to pay your cap game tax.
Speaker 10: You know your eight of your little bump was in
Speaker 10: the last forty eight hours. But congratulations, sir, it's an
Speaker 10: amazing timing.
Speaker 4: Well, thank you, my friend.
Speaker 2: With David, there's always a butt that comes and the
Speaker 2: bump was bigger than that, by the way, But go ahead,
Speaker 2: my friend.
Speaker 10: My butt is that the show the second hour on
Speaker 10: Monday with Ross that was one of the greatest shows.
Speaker 10: And I listened to a lot of your shows going
Speaker 10: back to Catholics. That was one of the greatest, most
Speaker 10: interesting hours of radio. When was the last time you
Speaker 10: actually kept a guest like that for the entire hour,
Speaker 10: all four or five segments.
Speaker 2: I think that would have been seven and a half
Speaker 2: years with Craig Silverman.
Speaker 10: I'm saying, but when was the last time somebody Well,
Speaker 10: that was a back and forth, but it's not what
Speaker 10: seemed more interesting to me. I love you're the back
Speaker 10: and forth versus you know, the random collar. It gives
Speaker 10: you a hard time. Thank You's an amazing show.
Speaker 2: Oh thank you for your kind words. But but to
Speaker 2: your broader point, no, please, I mean I was the
Speaker 2: guy who invited Craig on that show, knowing a brilliant guy,
Speaker 2: accomplished trial lawyer who disagreed with me on almost everything.
Speaker 2: I wanted him on that show every day. I wanted
Speaker 2: that battle of ideas. And that's why that show worked.
Speaker 2: So the hour did.
Speaker 10: Exists anymore, Dan, It used to be on you know, CNN,
Speaker 10: Fox used to have all these types of things.
Speaker 4: You would have the back cannedy in corn.
Speaker 10: It doesn't really exists anymore.
Speaker 4: I wanted, I wanted, David, I wanted.
Speaker 2: That's why I brought Craig onto the show and and
Speaker 2: and that's why you know, we wanted this exchange with.
Speaker 4: Ross the other day.
Speaker 2: And for his point of view, I think Ross did
Speaker 2: a superb job, as I expected he would.
Speaker 4: I happen to have a different point of view.
Speaker 2: I would love to do that all the time, as
Speaker 2: I have proven over the course of many years. Yes,
Speaker 2: so hey, David, if you've got more to say. You're
Speaker 2: welcome to hang. We've got to hit this hard break now,
Speaker 2: or we'll all hang in the bad way. Three or
Speaker 2: three someone three eight two five five techs d an
Speaker 2: five seven seven three nine, and we'll talk about Polis
Speaker 2: threatening to veto there's this really pet project from the left.
Speaker 4: In fact, I think he is going to veto it.
Speaker 4: If you're on the Dan Capitla Show.
Speaker 5: You're listening to the Dan Kaplis Show podcast.
Speaker 11: One hundred and four percent. Tariffs in China are not enough.
Speaker 11: I'm advocating four hundred percent. I do business in China.
Speaker 11: They don't play by the rules. They've been in the
Speaker 11: WHO for decades. They have never abided by any of
Speaker 11: the rules they agreed to when they came in for decades.
Speaker 11: They cheat, they steal, they steal ip I can't litigate
Speaker 11: in their courts. They take product, technology, they steal it,
Speaker 11: they manufacture.
Speaker 4: It and sell it back.
Speaker 11: Here never has an administrator four or I want Chi
Speaker 11: on an airplane to Washington to level the playing field.
Speaker 4: I love that.
Speaker 2: Kevin o'lary, I love that. And that's the thing Trump
Speaker 2: gets right. And we have to step back from all
Speaker 2: of this and fully appreciate is is all of human
Speaker 2: history has been an ongoing battle between good and evil.
Speaker 2: The Communist Party of China is the epitome of evil
Speaker 2: and Jeem. Though he may look like a panda bear,
Speaker 2: look at all the evil he does, and look at
Speaker 2: all the evil he does economically as well.
Speaker 4: So somebody's got to take that on.
Speaker 2: And you know, Democrats, top democrats have been yapping about
Speaker 2: it for decades. But Trump has the guts and the
Speaker 2: will to take it on. He also has the persona
Speaker 2: of strength who has overcome more right in American politics,
Speaker 2: so he's got that credibility when he gets to the table.
Speaker 2: So we got this relief today. What did the market
Speaker 2: game in about fifteen minutes? Maybe trillions of dollars? But
Speaker 2: it's not over. You know, there are still these challenges
Speaker 2: ahead because the tariffs are still on China and China
Speaker 2: is fighting back.
Speaker 4: But this is where I.
Speaker 2: Really hope Trump can dig in and we can get
Speaker 2: to something that makes some sense. And and we talk
Speaker 2: about tariffs all the time, right, but that's really code
Speaker 2: for so many different ways of cheating, so many different
Speaker 2: ways of ripping off America, so many different ways of
Speaker 2: disadvantaging America and it just comes under this code of tariff.
Speaker 4: But no, it is it is time.
Speaker 2: It is time to get some real level of fairness
Speaker 2: and sanity when it comes to China. And I'm so
Speaker 2: glad that Trump is standing up and doing it now.
Speaker 2: And the timing, I think is dictated in part by
Speaker 2: the midterms. Right, you want to have this worked out,
Speaker 2: you want to have the pain out of the system,
Speaker 2: you want to have the victory, you want to be
Speaker 2: on the march as you head into that midterm year.
Speaker 4: So let's go to the phone lines. Lou from Aurora.
Speaker 4: You're on the dan Kapla show.
Speaker 7: Welcome, Yeah, thank you, take my call. I've been talking
Speaker 7: so thank you. So On this trade, the ribbles are
Speaker 7: the terrors. Is it to fix a traded ballance, particularly
Speaker 7: with China? To me, the solution would be that if
Speaker 7: we took the original Trump there for the thirty four percent,
Speaker 7: and then she said he'll charge us twenty five percent.
Speaker 7: We import way more than we export. We take the
Speaker 7: money that we're gaining on the import terriffs and subsidizer
Speaker 7: export terriffts. So that way we pay a higher price
Speaker 7: coming in, but we don't get hurt her farmers and
Speaker 7: the people that were exporting to China. And then the
Speaker 7: extra sense of these goes towards an incompax break that
Speaker 7: would kind of break the China to be paying slowly
Speaker 7: at a higher price here and I was still exporting
Speaker 7: at the same price to be that seems like that
Speaker 7: would ballance out and start bringing a definite down pretty quick,
Speaker 7: you know.
Speaker 2: And I had a little glitch in the middle of it,
Speaker 2: so I didn't get each in every detail. But don't
Speaker 2: you think it's very important at this point, my friend,
Speaker 2: that that this reset with China from a position of strength,
Speaker 2: not the goofy Hillary Clinton, you know, reset button from Staples,
Speaker 2: That this reset with China. This is going to be
Speaker 2: our very best chance right now to make that happen.
Speaker 2: I think, you know, when you look at Trump, you
Speaker 2: look at the course of a four year presidency, you
Speaker 2: look at the looming midterms, et cetera, I think this
Speaker 2: is where he has to get it done. Not talking militarily.
Speaker 2: Nobody in the right mind is talking about it militarily
Speaker 2: with China. But it will have so many benefits to
Speaker 2: national security to just kind of reset across the board, because.
Speaker 4: Right now China's just kind of been on the march,
Speaker 4: don't you think.
Speaker 7: Well, they definitely have. And like I said, with the
Speaker 7: amount that we're inboarding the taro's on the imports for
Speaker 7: more than pay the tarots on our exports. So we
Speaker 7: just turn that money back around and subsidize our exports.
Speaker 7: We won't hurt from our company perspectives. And then there's
Speaker 7: extra tax money to go around to help off set
Speaker 7: the higher coasts of the Chinese goods, but we want
Speaker 7: less of them anyway, so the American goods can take
Speaker 7: their place, or other countries goods as opposed to China's,
Speaker 7: and that breaks that trade and balance significantly over the
Speaker 7: course of a year or two years or four.
Speaker 2: Appreciate the call, my friend, thank you for that. And
Speaker 2: again you know we're today lots of good happening today
Speaker 2: in the market right and there are I believe Trump,
Speaker 2: no doubt about it. There are lots of countries now
Speaker 2: who want to cut deals, including Vietnam, which is critical
Speaker 2: because China cheats a lot, I believe through Vietnam, and
Speaker 2: then Vietnam has its own separate massive trade imbelloce my lord,
Speaker 2: what's our trade deficit with Vietnam right now.
Speaker 4: I think it's one hundred and.
Speaker 2: Twenty seven billion right with Vietnam alone. So yeah, lots
Speaker 2: of good things happening there, but China has to be
Speaker 2: dealt with.
Speaker 4: Now, Ryan, this is all against the backdrop right of.
Speaker 2: I think there's something big brewing with Iran, and I
Speaker 2: think what's brewing with Iran, and this is all under
Speaker 2: this same umbrella. Trump, like Alexander Hamilton, you know, he's
Speaker 2: a man in a hurry.
Speaker 4: He knows his time is limited.
Speaker 2: I think when you survive two assassination attempts like that,
Speaker 2: you're in a hurry. Also, the American political cli you know,
Speaker 2: you've got those midterms, you'll be viewed as a lame
Speaker 2: duck after the midterms. His window is short, and he
Speaker 2: wants to make fundamental change. He wants to defeat evil
Speaker 2: on multiple fronts, including Iran.
Speaker 4: And so I think something's brewing.
Speaker 2: There and there's either going to be a deal announced
Speaker 2: soon or there's going to be an Israeli strike. I
Speaker 2: don't think you're going to see the American military at
Speaker 2: war in Iran, but I think you will see America
Speaker 2: whole hog backing in Israeli strike. On the Iranian nuclear
Speaker 2: weapons program, and obviously only the US has certain types
Speaker 2: of armaments that Israel would use.
Speaker 4: Need to pull that off.
Speaker 2: So there is a lot that's going to be happening,
Speaker 2: I think in a very short window here and this
Speaker 2: you know, under the label of tariff battle to try
Speaker 2: to get things leveled across the globe on the trade front. Yeah,
Speaker 2: that's just part of it. Three all three someone three
Speaker 2: eight two five five the number text d A N
Speaker 2: five seven seven three nine. I want to get to
Speaker 2: some more text, but also some more sound. We have
Speaker 2: to get into today's show.
Speaker 4: Dan says a texter, Actually, China is not the big kohuna.
Speaker 4: They were just perceived.
Speaker 2: Is that the mask has now been pulled off. I'd
Speaker 2: love to hear from that texter, because there is no
Speaker 2: question that the Communist Party of China, which is willing
Speaker 2: to subjugate, you know, its own people and many of them, etc.
Speaker 2: I don't think there is any question they are a
Speaker 2: big kohuna. And when it comes to those who President
Speaker 2: Trump pass to to either defeat or rein in right
Speaker 2: now on trade, there's nobody bigger than China, right and
Speaker 2: I know that the announced trade deficit with China is
Speaker 2: what Ryan. I think the announced is maybe maybe three
Speaker 2: hundred billion, But I think Trump's right that when you
Speaker 2: get down to the actual effect China cheating through other countries, etc.
Speaker 2: You know, it's a lot more than that. And then
Speaker 2: you also have the military, the growing military threat there
Speaker 2: as well.
Speaker 4: So I still view China as the big kahuna that.
Speaker 2: Trump has to deal with one of them in this
Speaker 2: relatively short window. Dan, do you think Ross Kaminski feels
Speaker 2: a little foolish right now? Says a Texter. No, and
Speaker 2: he shouldn't not at all. You know, He's got a
Speaker 2: different point of view and he had a different core
Speaker 2: presumption that this was a long term tariff in position
Speaker 2: and play by Trump, and I fundamentally disagree with that,
Speaker 2: and I think my position's playing out there now. Hey,
Speaker 2: I think there's going to be you know, significant ups
Speaker 2: and downs ahead in the stock market as this all
Speaker 2: plays out with China.
Speaker 4: Glad to see what happened today.
Speaker 2: It's what we predicted would happen sometime in the more
Speaker 2: short term, but still there's a challenge ahead. Is it
Speaker 2: all going to end well? Yes, for the reasons we
Speaker 2: talked about from the beginning, Because unlike some other things
Speaker 2: that severely disrupt the market. Trump is largely in control
Speaker 2: of this and and he was never going to let
Speaker 2: this thing spin out of control. That's why I think
Speaker 2: you saw some quicker moves today as Trump acknowledge, right, Ryan,
Speaker 2: I love the word he use that some people were
Speaker 2: getting yippy. Some people were getting yippy and golf, that's
Speaker 2: a term if somebody has a short putt and their
Speaker 2: nerves take over and they just like spaz out, like
Speaker 2: they're having a stroke, and you know, they hit a
Speaker 2: three foot pot thirty or forty feet, you know, And
Speaker 2: I'm kind of projecting there a little bit. Yeah, that
Speaker 2: that's what he means by getting yippie.
Speaker 4: You know, short puts have never been my thing.
Speaker 2: Isn't that amazing, Ryan, that you can hit a ball
Speaker 2: three hundred and fifty three hundred and sixty, three hundred
Speaker 2: and seventy yards you know, at any age really, But
Speaker 2: then you got that that two or three footer.
Speaker 4: I'd rather have a five foot putt. Oh, you know
Speaker 4: what I mean?
Speaker 2: Well, you know, it's not about pressure, because I thrive
Speaker 2: on pressure. It's it's about there's something about that short stroke,
Speaker 2: you know, where where it's really hard to accelerate through.
Speaker 5: Oh happy learned how to pot exactly.
Speaker 4: And maybe maybe we'll come back with that.
Speaker 2: So you know, once again, once again Trump generating leverage,
Speaker 2: using it to America's advantage, managing the whirlwind, and we're
Speaker 2: going to come out way ahead. It's a beautiful thing.
Speaker 2: You're on the Dan Capla Show.
Speaker 5: And now back to the Dan Taplass Show podcast.
Speaker 11: She can only stay the supreme leader if people are employed,
Speaker 11: if we wipe out.
Speaker 4: Any business there.
Speaker 11: Because we are still thirty nine percent of all consumables
Speaker 11: on Earth and twenty five percent of the world's GDP.
Speaker 11: America is the number one economy on Earth. With all
Speaker 11: the cars, we will not have that forever. It's time
Speaker 11: to squeeze Chinese heads into the wall.
Speaker 4: Now see that.
Speaker 2: That's brilliant, and it's what we talked about when this
Speaker 2: all first started, right and the panic porn people were
Speaker 2: doing their thing and everything else. Wait a second, what
Speaker 2: Trump's got right? He's got a lot right, But at
Speaker 2: the core is this point. America is the greatest nation
Speaker 2: in the history of the world. We've got this enormous
Speaker 2: might that we can use to do great things and
Speaker 2: stop evil if we're willing to use it.
Speaker 4: But the Democrats don't want to do that. They don't
Speaker 4: want to do that.
Speaker 2: They want a smaller America, they want a weak America.
Speaker 2: Trump wants to use Americans America's might for the good
Speaker 2: of America.
Speaker 4: And the world. And so this is just one example
Speaker 4: of that.
Speaker 2: And yeah, he adjusted today, right, because listen, he lives
Speaker 2: in a political reality. Thank god, we are a free
Speaker 2: country with checks and balances and everything else, and he
Speaker 2: has to operate, and it's a good thing.
Speaker 4: He has to operate in that reality.
Speaker 2: So, okay, you got a bunch of Republicans who are
Speaker 2: starting to get skittish, et cetera.
Speaker 4: So he pivots the way he pivoted today.
Speaker 2: But that's the brilliance of this play, all of right,
Speaker 2: which is one way or the other. We're going to
Speaker 2: be a better place when this ends than we were
Speaker 2: when it started, and likely a much much better place.
Speaker 2: And Trump can adjust along the road as he needs
Speaker 2: to in order to keep the pressure on where he
Speaker 2: needs to most, which is China. So let's go to
Speaker 2: the phone lines. Talk to Lamar in Ourveda. You're on
Speaker 2: the dan Kaplosh.
Speaker 6: You'll welcome Lamar, Hey, Dan, first time call her. Wonderful,
Speaker 6: never talked to you before until now.
Speaker 10: Hey.
Speaker 6: I love the Democratic Party. I love Jerry Polish and
Speaker 6: Mike Johnson. I wish they'd go up to Boulder and
Speaker 6: have their fests, go up there.
Speaker 3: And elect.
Speaker 6: Lorne Buhlberg for mayor.
Speaker 4: Of Denver.
Speaker 3: Elect what's his name, had gun smoke, which is a
Speaker 3: Rich Wyatt for mayor.
Speaker 2: Of which city? Because you've got Lauren is mayor of
Speaker 2: Denver now right.
Speaker 6: I want them to run this state. I want Lauren
Speaker 6: Mover to be the governor.
Speaker 3: And.
Speaker 6: I want Rich Wyatt to be the mayor.
Speaker 4: Okay, well, Lamar, appreciate the call. Would sure be a
Speaker 4: lot better.
Speaker 6: I would love that and make America and Denver great again.
Speaker 4: I appreciate, appreciate the call, my friend, Thank you.
Speaker 2: And we all know it's going to take a Republican
Speaker 2: mayor of Denver to straighten that out. We all know
Speaker 2: that there will be one. They just won't be called
Speaker 2: a Republican. They may even run as a Democrat. But
Speaker 2: it's going to take somebody employing conservative principles with a
Speaker 2: conservative worldview to get Denver straightened out. In someday that
Speaker 2: will happen. Let's go to one of our favorite callers,
Speaker 2: Rick and Boone always offers us the the farmer rancher
Speaker 2: perspective on the big issues of the day, practical and philosophical.
Speaker 4: Rick, Welcome back to the show.
Speaker 10: How are you doing, Dan?
Speaker 4: I am living the dream, my friend. How's the herd?
Speaker 9: Me too? Getting up every morning watching baby cavs bucking
Speaker 9: play frolic and now baby pigs whereas we call them
Speaker 9: bacon seeds.
Speaker 4: Taking seeds. That's a nickname coming to somebody we know,
Speaker 4: Ryan very soon.
Speaker 9: But don't let you know how cute they are. They'll
Speaker 9: stop eating them.
Speaker 4: That's great.
Speaker 9: I'm living the dream. You know every boy's dreams.
Speaker 4: You gotta be because watching these gotta be.
Speaker 10: Yeah.
Speaker 9: We play with fire burning ditches so that the water
Speaker 9: will flow down, and then you grab a stick and
Speaker 9: throw it in the ditch and watch the stick flow
Speaker 9: down in the water and spill.
Speaker 7: Water on the land.
Speaker 6: Kill so plans.
Speaker 9: It's just a grain.
Speaker 2: A poet, my friend, you should write a book of poetry.
Speaker 2: Our daughter Caroline is an amazing poet. You should write
Speaker 2: a book.
Speaker 7: It comes from a couple.
Speaker 9: Of three generations of Golge educated agriculturalism.
Speaker 7: Man.
Speaker 4: Anyway, whatever it is, it's impressive.
Speaker 9: Last time, the last time you before we signed up,
Speaker 9: he asked me for wisdom.
Speaker 7: Ultimate term.
Speaker 4: You probably a little windy out there today.
Speaker 2: Yeah, Hey, Rick, we'll have to come back to you
Speaker 2: when we've got Yeah, yeah, maybe if you could move
Speaker 2: around a little bit, because we really want to hear
Speaker 2: this wisdom.
Speaker 4: But people just don't like listening to wind in a phone.
Speaker 4: Do we have you, Rick?
Speaker 2: Hopefully we'll get Rick back. He is a wise cat,
Speaker 2: isn't he. I love his calls, Just love his calls.
Speaker 2: Three or three someone three eight two five five text
Speaker 2: d an five seven seven three nine Hey, coming up
Speaker 2: in the next hour. We've got some other things we
Speaker 2: need to kick around as well, but particularly this really
Speaker 2: dangerous legislation coming down the pike that would restrict the
Speaker 2: freedom of cities and towns to penalize criminals the way
Speaker 2: they want to.
Speaker 4: The criminal loving.
Speaker 2: Lefties at the state legislature saying no, you can't. You
Speaker 2: can't have any penalties more severe than we impose, you know,
Speaker 2: on the state level, and so this a major threat
Speaker 2: to public safety across the state. Is Polis signaling he's
Speaker 2: going to veto that bill, let's hope. So we'll get
Speaker 2: back to that, and of course we'll recap Trump's moves today,
Speaker 2: this great surge
Speaker 4: In America, good things they had on the Dan Capla Show.