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Allen Jackson NOW | Allen Jackson: April 10, 2025 | Allen Jackson Now | April 10, 2025
- Well.
- 00:00:02.894 --> 00:00:03.328
- Good evening.
- 00:00:03.328 --> 00:00:04.362
- I'm alan jackson, and welcome back to nashville.
- 00:00:04.362 --> 00:00:06.465
- We're going to begin tonight
- 00:00:06.465 --> 00:00:07.632
- With president trump's reciprocal tariffs.
- 00:00:07.632 --> 00:00:10.302
- The headlines have been frightening.
- 00:00:10.302 --> 00:00:11.970
- If only they told the full story.
- 00:00:11.970 --> 00:00:14.272
- The washington post called it trump blows up global trade.
- 00:00:14.272 --> 00:00:17.909
- The wall street journal trump dives into political unknown.
- 00:00:17.909 --> 00:00:21.113
- The new york times
- 00:00:21.546 --> 00:00:22.647
- Stock slide deepens as global trade war intensifies.
- 00:00:22.647 --> 00:00:26.418
- But you won't find any headlines that say
- 00:00:26.418 --> 00:00:28.820
- Trump levels the playing field to grow.
- 00:00:28.820 --> 00:00:30.489
- American business
- 00:00:30.489 --> 00:00:31.957
- Or foreign countries stopped from ripping off u.s.
- 00:00:31.957 --> 00:00:34.559
- Companies.
- 00:00:34.559 --> 00:00:35.360
- New american jobs on the horizon.
- 00:00:35.360 --> 00:00:37.762
- Well, i say all that because it certainly doesn't
- 00:00:37.762 --> 00:00:39.865
- Take an economist to figure out that when the u.s.
- 00:00:39.865 --> 00:00:42.167
- Tries to fix decades worth of disadvantage,
- 00:00:42.167 --> 00:00:45.504
- That the money markets will get shaken up.
- 00:00:45.504 --> 00:00:48.006
- But this is what we've been dealing with.
- 00:00:48.006 --> 00:00:50.242
- China, with its long record of trade abuses,
- 00:00:50.242 --> 00:00:52.611
- Restricting markets
- 00:00:52.611 --> 00:00:53.845
- While giving big subsidies to chinese companies.
- 00:00:53.845 --> 00:00:57.015
- Europe's been using a different method to cheat on the us
- 00:00:57.015 --> 00:01:00.085
- With very strict regulatory standards.
- 00:01:00.085 --> 00:01:03.121
- Australia thinks it has a clever way
- 00:01:03.121 --> 00:01:04.789
- To take advantage of the us.
- 00:01:04.789 --> 00:01:06.491
- They say they will buy american beef,
- 00:01:06.491 --> 00:01:08.560
- But only if the beef originates from cattle
- 00:01:08.560 --> 00:01:11.229
- That are born, raised and slaughtered
- 00:01:11.229 --> 00:01:13.031
- In the exporting country.
- 00:01:13.031 --> 00:01:14.799
- By contrast, we buy nearly 400,000 tons of their beef.
- 00:01:14.799 --> 00:01:19.871
- Well, examples like that are everywhere,
- 00:01:19.871 --> 00:01:21.606
- And americans have gotten used to it.
- 00:01:21.606 --> 00:01:23.441
- Even as millions have lost their jobs and 90,000
- 00:01:23.441 --> 00:01:26.444
- Us factories have closed in the past 25 years.
- 00:01:26.444 --> 00:01:29.748
- Donald trump's a businessman who became president.
- 00:01:29.748 --> 00:01:32.517
- And looking back,
- 00:01:32.517 --> 00:01:33.218
- It's pretty clear that he's
- 00:01:33.218 --> 00:01:34.119
- Been talking about this for a long time.
- 00:01:34.119 --> 00:01:36.655
- Listen to what he said.
- 00:01:36.655 --> 00:01:37.956
- We let japan come in and dump
- 00:01:38.590 --> 00:01:40.125
- Everything right into our markets.
- 00:01:40.125 --> 00:01:41.526
- And it's not free trade.
- 00:01:41.526 --> 00:01:43.395
- I want free trade, but i want it to be like,
- 00:01:43.395 --> 00:01:46.298
- At least we break even, right?
- 00:01:46.298 --> 00:01:47.799
- We do something.
- 00:01:47.799 --> 00:01:49.000
- If you ever go to japan right now
- 00:01:49.000 --> 00:01:50.468
- And try to sell something. forget about it.
- 00:01:50.468 --> 00:01:52.304
- But just forget about it.
- 00:01:52.304 --> 00:01:53.305
- It's almost impossible.
- 00:01:53.305 --> 00:01:54.306
- Japan.
- 00:01:54.306 --> 00:01:55.207
- They send cars by the millions.
- 00:01:55.207 --> 00:01:58.076
- They come off those boats. kuwait.
- 00:01:58.076 --> 00:01:59.878
- They live like kings.
- 00:01:59.878 --> 00:02:01.012
- The poorest person in kuwait. they live like kings.
- 00:02:01.012 --> 00:02:03.315
- And yet they're not paying.
- 00:02:03.315 --> 00:02:04.316
- We make it possible for them to sell their oil.
- 00:02:04.316 --> 00:02:06.785
- Why aren't they paying us 25% of what they're making?
- 00:02:06.785 --> 00:02:09.487
- It's a joke.
- 00:02:09.487 --> 00:02:10.555
- Why didn't we say we want 50% of your oil forever,
- 00:02:10.555 --> 00:02:13.825
- Or we're not letting you go back in?
- 00:02:13.825 --> 00:02:16.094
- So, as any clearheaded person
- 00:02:16.094 --> 00:02:17.729
- Would know, it's going to take some time
- 00:02:17.729 --> 00:02:19.464
- To fix decades of something that's been far less than fair.
- 00:02:19.464 --> 00:02:23.435
- Well, joining us tonight to help sort out
- 00:02:23.435 --> 00:02:25.470
- How to find our way through all of this
- 00:02:25.470 --> 00:02:27.472
- Is the chairman of annandale capital, george c.
- 00:02:27.472 --> 00:02:30.342
- Welcome back george.
- 00:02:30.342 --> 00:02:31.943
- Thank you.
- 00:02:32.244 --> 00:02:32.944
- Alan. great to be here as usual.
- 00:02:32.944 --> 00:02:34.713
- Well, george, first off, do you agree
- 00:02:34.713 --> 00:02:36.314
- That there was no way to get things back to something
- 00:02:36.314 --> 00:02:38.717
- Like even without shaking things up quite a bit?
- 00:02:38.717 --> 00:02:42.120
- You know, i'm going to have a rare occasion
- 00:02:43.054 --> 00:02:44.889
- Where i don't agree and probably don't agree
- 00:02:44.889 --> 00:02:47.158
- With the vast majority of your audience.
- 00:02:47.158 --> 00:02:48.893
- I think this was handled very, very poorly.
- 00:02:48.893 --> 00:02:51.062
- I, i'm a large and strident free trader.
- 00:02:51.062 --> 00:02:54.766
- I'm also a fair trader, though, to your point.
- 00:02:54.766 --> 00:02:57.068
- And we've been treated very unfairly
- 00:02:57.068 --> 00:02:58.870
- By a whole lot of countries for a very, very long time.
- 00:02:58.870 --> 00:03:01.206
- So in the spirit of things, i'm very supportive.
- 00:03:01.206 --> 00:03:04.142
- But if i were, if i were president trump,
- 00:03:04.142 --> 00:03:07.212
- I would have gotten out the big,
- 00:03:07.212 --> 00:03:08.580
- Big stick behind the curtain and really let
- 00:03:08.580 --> 00:03:11.316
- These other countries have it.
- 00:03:11.316 --> 00:03:12.884
- Not in the public eye,
- 00:03:12.884 --> 00:03:13.985
- Because i think a lot of people have been hurt
- 00:03:13.985 --> 00:03:15.654
- By the stock market getting crushed so badly,
- 00:03:15.654 --> 00:03:18.757
- And i think it's going to really hurt our economy, too.
- 00:03:18.757 --> 00:03:20.892
- So i think the execution leaves a lot to be desired, frankly.
- 00:03:20.892 --> 00:03:24.095
- All right.
- 00:03:24.396 --> 00:03:25.230
- Well, i want to get your thoughts
- 00:03:25.230 --> 00:03:25.997
- On the trade imbalance right now.
- 00:03:25.997 --> 00:03:27.932
- How many people in china can show you a product label
- 00:03:27.932 --> 00:03:30.568
- That is made in america versus americans
- 00:03:30.568 --> 00:03:32.537
- Who pretty much only see made in china,
- 00:03:32.537 --> 00:03:34.739
- Vietnam or india on nearly everything we hold?
- 00:03:34.739 --> 00:03:37.709
- It seems like there's a lot of inequity in that.
- 00:03:37.709 --> 00:03:40.779
- Well, they also,
- 00:03:41.179 --> 00:03:42.781
- When they talk about trade deficits,
- 00:03:42.781 --> 00:03:44.215
- They don't talk about capital account surpluses.
- 00:03:44.215 --> 00:03:46.551
- And a lot of these countries, when they trade with us,
- 00:03:46.551 --> 00:03:48.987
- They take their capital and they invest in the us
- 00:03:48.987 --> 00:03:51.156
- In our various companies and assets.
- 00:03:51.156 --> 00:03:53.058
- And and in the end, the us dollar,
- 00:03:53.058 --> 00:03:55.460
- Which is still the reserve currency for the world.
- 00:03:55.460 --> 00:03:57.195
- So they don't talk about that. and that's a huge benefit to us.
- 00:03:57.195 --> 00:04:00.165
- And also they don't make labels on liquefied natural gas.
- 00:04:00.165 --> 00:04:03.501
- And we sell tens of billions of that stuff
- 00:04:03.501 --> 00:04:05.437
- To all these countries you just mentioned.
- 00:04:05.437 --> 00:04:06.905
- And that is dramatically
- 00:04:06.905 --> 00:04:08.973
- Curtailed the trade imbalance the last several years.
- 00:04:08.973 --> 00:04:11.009
- And we'll only get more like that is we're going
- 00:04:11.009 --> 00:04:13.111
- To sell about double the amount we're currently selling
- 00:04:13.111 --> 00:04:15.580
- As we produce more and more natural gas.
- 00:04:15.580 --> 00:04:17.315
- So there are two sides of this story, and i'm not
- 00:04:17.315 --> 00:04:19.751
- I'm not debating the point that we have been treated unfairly
- 00:04:19.751 --> 00:04:23.121
- By very large, countries for a very long time.
- 00:04:23.121 --> 00:04:26.157
- I'm debating the process and the way it's been handled.
- 00:04:26.157 --> 00:04:28.593
- I think it's been miserably handled so far.
- 00:04:28.593 --> 00:04:31.363
- Trump being ham fisted.
- 00:04:31.863 --> 00:04:33.331
- That's not really a new idea.
- 00:04:33.331 --> 00:04:34.766
- We're just seeing a new expression of that.
- 00:04:34.766 --> 00:04:37.035
- It's just the outcome is fair trade
- 00:04:37.035 --> 00:04:39.037
- On a much broader platform.
- 00:04:39.037 --> 00:04:40.305
- Is that a win in the end.
- 00:04:40.305 --> 00:04:42.507
- It is most definitely.
- 00:04:42.507 --> 00:04:43.808
- And i'm very happy for the president to
- 00:04:43.808 --> 00:04:46.444
- To do his, what i would call his iranian impression,
- 00:04:46.444 --> 00:04:48.913
- Where he tries to act like a madman
- 00:04:48.913 --> 00:04:50.682
- Just to spook people so they'll do what he wants.
- 00:04:50.682 --> 00:04:52.984
- I think he's quite good at that.
- 00:04:52.984 --> 00:04:54.586
- I just wish he was doing it behind the scenes
- 00:04:54.586 --> 00:04:56.988
- Because markets hate uncertainty and he's creating so much
- 00:04:56.988 --> 00:04:59.991
- Uncertainty, and he's created a whole lot of chaos and turmoil
- 00:04:59.991 --> 00:05:03.161
- And has scared of hundreds
- 00:05:03.161 --> 00:05:04.662
- Of millions of people around the world.
- 00:05:04.662 --> 00:05:06.064
- It didn't have to happen.
- 00:05:06.064 --> 00:05:07.298
- You can take the chinese behind the curtain
- 00:05:07.298 --> 00:05:09.033
- And allow them to say face and say, hey,
- 00:05:09.033 --> 00:05:11.636
- Your tariffs are going to 100% less.
- 00:05:11.636 --> 00:05:13.371
- You you, you trade a lot more fairly with us.
- 00:05:13.371 --> 00:05:17.008
- And they would have responded somewhat.
- 00:05:17.008 --> 00:05:18.910
- I'm worried that they're to save face.
- 00:05:18.910 --> 00:05:21.746
- They're not going to respond now.
- 00:05:21.746 --> 00:05:23.081
- So i'm not sure he's going to get the result. he wants.
- 00:05:23.081 --> 00:05:25.717
- Well, outside of the reciprocal tariffs
- 00:05:26.584 --> 00:05:28.386
- And the big investments here,
- 00:05:28.386 --> 00:05:29.921
- The president's also working
- 00:05:29.921 --> 00:05:31.156
- On reducing our taxes by cutting government waste.
- 00:05:31.156 --> 00:05:34.159
- Working with congress to keep the last tax cuts in place.
- 00:05:34.159 --> 00:05:37.362
- Isn't this a multifaceted attack on strengthen our economy
- 00:05:37.362 --> 00:05:40.565
- And not just a tariff debate?
- 00:05:40.565 --> 00:05:43.601
- Well, i would argue he's weakening our economy
- 00:05:43.601 --> 00:05:45.370
- So far, to be honest,
- 00:05:45.370 --> 00:05:46.538
- But i this is where to me, these things are very complex.
- 00:05:46.538 --> 00:05:50.408
- And i think there's a lot of maga and trump supporters
- 00:05:50.408 --> 00:05:52.777
- Who just immediately sign off on everything he does.
- 00:05:52.777 --> 00:05:54.979
- I'm not one of those. i'm a trump supporter.
- 00:05:54.979 --> 00:05:57.582
- I voted for him three times.
- 00:05:57.582 --> 00:05:58.983
- I'm proud he's our president,
- 00:05:58.983 --> 00:06:00.752
- But i'm not going to give him a hall pass
- 00:06:00.752 --> 00:06:02.420
- If i think he's doing something that's bad for the country.
- 00:06:02.420 --> 00:06:04.322
- And i think the tariffs so far have been,
- 00:06:04.322 --> 00:06:06.257
- I think doge and the border are spectacular
- 00:06:06.257 --> 00:06:09.527
- To give credit where credit's due.
- 00:06:09.527 --> 00:06:10.895
- I'm so sick of watching the government waste money
- 00:06:10.895 --> 00:06:14.265
- Just like, tens of millions of americans feel the same way.
- 00:06:14.265 --> 00:06:17.535
- So i tip my hat to elon musk, and the president for doge
- 00:06:17.535 --> 00:06:21.539
- Is going to be spectacular.
- 00:06:21.539 --> 00:06:23.308
- And the, the president showed in, like, two weeks
- 00:06:23.308 --> 00:06:26.744
- How much the biden administration
- 00:06:26.744 --> 00:06:28.213
- And the obama administration had lied to us about the border
- 00:06:28.213 --> 00:06:31.416
- Because they sewed up the border and lickety split,
- 00:06:31.416 --> 00:06:34.285
- No time at all because it was really easy to do.
- 00:06:34.285 --> 00:06:36.654
- And i'm so proud of him for doing that.
- 00:06:36.654 --> 00:06:38.423
- We're grateful for that.
- 00:06:38.423 --> 00:06:40.058
- You know, i've been a little surprised
- 00:06:40.058 --> 00:06:41.459
- That there wasn't broader
- 00:06:41.459 --> 00:06:42.961
- Support for doge in the savings that are being identified.
- 00:06:42.961 --> 00:06:47.031
- Certainly, we could all unify regardless of our affiliation.
- 00:06:47.031 --> 00:06:50.502
- That wasteful spending is not a good thing for any of us.
- 00:06:50.502 --> 00:06:55.306
- You know, elon, i think that
- 00:06:55.907 --> 00:06:57.475
- Among the the rank and file of normal
- 00:06:57.475 --> 00:06:59.277
- American citizens, you're not that political.
- 00:06:59.277 --> 00:07:01.613
- I think the support is overwhelming.
- 00:07:01.613 --> 00:07:03.448
- I just think that we read a lot
- 00:07:03.448 --> 00:07:04.849
- Of mainstream media articles that are
- 00:07:04.849 --> 00:07:06.684
- Very critical and negative.
- 00:07:06.684 --> 00:07:08.887
- And then all the, all the, the opposition
- 00:07:08.887 --> 00:07:11.155
- Politicians are acting like that, too.
- 00:07:11.155 --> 00:07:13.157
- And, you know, i question their patriotism a little bit
- 00:07:13.157 --> 00:07:17.529
- With, with that kind of perspective
- 00:07:17.529 --> 00:07:19.097
- Because it's obviously so good for the country
- 00:07:19.097 --> 00:07:21.466
- And anybody who's,
- 00:07:21.466 --> 00:07:22.700
- Who's, past third grade math realizes that unless we stop,
- 00:07:22.700 --> 00:07:26.371
- Overspending our budget by $2 trillion
- 00:07:26.371 --> 00:07:28.840
- A year, we're going to go bankrupt in short order.
- 00:07:28.840 --> 00:07:30.508
- So it's a really necessary
- 00:07:30.508 --> 00:07:32.076
- And important thing to do and do it right now.
- 00:07:32.076 --> 00:07:34.846
- So it's it's terrific.
- 00:07:34.846 --> 00:07:36.915
- Well, george,
- 00:07:36.915 --> 00:07:37.849
- If you'll stay with us for another segment,
- 00:07:37.849 --> 00:07:38.917
- I'd like to ask you about how we should approach
- 00:07:38.917 --> 00:07:40.718
- The changes over these next few months.
- 00:07:40.718 --> 00:07:43.655
- You bet.
- 00:07:43.922 --> 00:07:44.989
- If you want to send in your thoughts
- 00:07:44.989 --> 00:07:46.257
- Or your questions, you can go to aj now.com.
- 00:07:46.257 --> 00:07:49.294
- We'll have george back soon enough to help answer them.
- 00:07:49.294 --> 00:07:58.006
- We'll have george back soon enough to help answer them.
- 00:07:58.006 --> 00:08:00.239
- We're back now with the chairman of annandale
- 00:08:01.106 --> 00:08:03.175
- Capital in dallas.
- 00:08:03.175 --> 00:08:04.410
- George c,
- 00:08:04.410 --> 00:08:05.911
- I'd like to ask you about some less global issues
- 00:08:05.911 --> 00:08:08.581
- That people are dealing with right now.
- 00:08:08.581 --> 00:08:10.449
- For those of us in the markets with retirement accounts
- 00:08:10.449 --> 00:08:12.985
- Or stock holdings, what are you recommending?
- 00:08:12.985 --> 00:08:16.322
- Well, that's a great question.
- 00:08:16.922 --> 00:08:18.023
- And i want to back up and say
- 00:08:18.023 --> 00:08:19.325
- That if president trump and his his aides,
- 00:08:19.325 --> 00:08:23.195
- Cut dozens of trade deals or the next week or two
- 00:08:23.195 --> 00:08:26.498
- And benefit our country tremendously by doing so,
- 00:08:26.498 --> 00:08:29.101
- I would be happy to come back on here
- 00:08:29.101 --> 00:08:30.603
- And eat crow and say, i was wrong to say he's
- 00:08:30.603 --> 00:08:32.871
- Not selling oil.
- 00:08:32.871 --> 00:08:34.206
- I hope that's the case, but i'm concerned
- 00:08:34.206 --> 00:08:36.041
- If this goes on
- 00:08:36.041 --> 00:08:37.142
- For months and months and months, it's going to do
- 00:08:37.142 --> 00:08:38.210
- Tremendous damage to the markets and the economy.
- 00:08:38.210 --> 00:08:40.946
- And on that subject to the markets,
- 00:08:40.946 --> 00:08:43.415
- We tended to try to buy stocks in particular
- 00:08:43.415 --> 00:08:46.719
- When people are very uncomfortable
- 00:08:46.719 --> 00:08:48.253
- And nervous and outright afraid at times.
- 00:08:48.253 --> 00:08:50.723
- And so we made our first buy
- 00:08:50.723 --> 00:08:52.257
- In the stock market in a very long time.
- 00:08:52.257 --> 00:08:54.126
- Investors should should, follow the, the, not late.
- 00:08:54.126 --> 00:08:58.297
- Thank goodness he's still with us. great.
- 00:08:58.297 --> 00:09:00.132
- Warren buffett and say that when people
- 00:09:00.132 --> 00:09:02.568
- Are getting incredibly fearful buy, buy, buy.
- 00:09:02.568 --> 00:09:05.404
- And when people are getting greedy, sell sell, sell.
- 00:09:05.404 --> 00:09:07.673
- You always want to be in the market,
- 00:09:07.673 --> 00:09:08.907
- But you want to increase your exposure.
- 00:09:08.907 --> 00:09:10.476
- When people are incredibly scared
- 00:09:10.476 --> 00:09:12.511
- And you want to reduce your exposure
- 00:09:12.511 --> 00:09:13.846
- Somewhat when people are giddy and to to exuberant.
- 00:09:13.846 --> 00:09:16.915
- What about some simpler things like buying a car?
- 00:09:17.883 --> 00:09:20.219
- Is now the time,
- 00:09:20.219 --> 00:09:21.420
- Especially if you're thinking of a foreign made vehicle?
- 00:09:21.420 --> 00:09:24.256
- You better buy a car right now, because once the tariffs
- 00:09:24.256 --> 00:09:26.325
- Get in place, they estimate the average price of the new car
- 00:09:26.325 --> 00:09:28.727
- Is going to go at $5,000, and it's going to raise the,
- 00:09:28.727 --> 00:09:32.564
- Book value of, of used vehicles as well.
- 00:09:32.564 --> 00:09:34.533
- So those are going to start costing a lot more as well.
- 00:09:34.533 --> 00:09:36.402
- It's a built in inflationary, factor for american citizens.
- 00:09:36.402 --> 00:09:40.139
- So i get out and try to cut a deal right now,
- 00:09:40.139 --> 00:09:42.875
- And it's going to empower the dealerships
- 00:09:42.875 --> 00:09:44.410
- As well
- 00:09:44.410 --> 00:09:44.843
- To try to be
- 00:09:44.843 --> 00:09:45.511
- Tougher on their their prices,
- 00:09:45.511 --> 00:09:47.146
- Because they know these prices are about to go up a lot.
- 00:09:47.146 --> 00:09:49.248
- So they'll
- 00:09:49.248 --> 00:09:50.416
- Pretend like they already have and they shouldn't yet.
- 00:09:50.416 --> 00:09:52.051
- What about real estate and home improvements?
- 00:09:52.985 --> 00:09:55.020
- You know, given the tariff deals that trump's trying to make,
- 00:09:55.020 --> 00:09:57.423
- Should folks put those improvements off
- 00:09:57.423 --> 00:09:58.957
- For now and skip
- 00:09:58.957 --> 00:10:00.192
- That new addition until things settle in a little bit?
- 00:10:00.192 --> 00:10:03.696
- You know, that's a great question.
- 00:10:03.696 --> 00:10:05.431
- And that's a very practical question for american citizens.
- 00:10:05.431 --> 00:10:07.866
- And i would say
- 00:10:07.866 --> 00:10:09.068
- If you're going to prove your quality of life,
- 00:10:09.068 --> 00:10:10.669
- You never want to try to gain
- 00:10:10.669 --> 00:10:11.870
- The markets or gain what the president's going to do.
- 00:10:11.870 --> 00:10:14.540
- You just yeah, i'll just do it
- 00:10:14.540 --> 00:10:16.975
- Even if it costs a little bit more.
- 00:10:16.975 --> 00:10:18.277
- And i'm not sure it is going to cost a little bit more or less.
- 00:10:18.277 --> 00:10:20.279
- The supply chains take a while to catch up to these,
- 00:10:20.279 --> 00:10:22.915
- These tariffs.
- 00:10:22.915 --> 00:10:23.916
- So probably now it's better than later actually,
- 00:10:23.916 --> 00:10:25.918
- Especially if you want to improve your quality of life.
- 00:10:25.918 --> 00:10:27.586
- And i'm a big fan of, of people improving their quality of life
- 00:10:27.586 --> 00:10:31.423
- Irrespective of the cost.
- 00:10:31.423 --> 00:10:32.691
- And i've always said as well
- 00:10:32.691 --> 00:10:33.792
- That if you can't sleep well at night, you're
- 00:10:33.792 --> 00:10:35.894
- Probably got too much money at risk in the market.
- 00:10:35.894 --> 00:10:37.963
- You always want to put your quality of life
- 00:10:37.963 --> 00:10:39.932
- And your ability to sleep well at night ahead of,
- 00:10:39.932 --> 00:10:42.034
- Your investment returns. first.
- 00:10:42.034 --> 00:10:43.469
- You know you want both, but you want to be
- 00:10:43.469 --> 00:10:45.003
- Sleep well at night. first
- 00:10:45.003 --> 00:10:46.071
- Job growth is up and businesses are coming back to the us.
- 00:10:47.206 --> 00:10:50.876
- But we always hear that
- 00:10:50.876 --> 00:10:52.044
- The market shy away from too much change.
- 00:10:52.044 --> 00:10:55.180
- Is it time to hold steady
- 00:10:55.180 --> 00:10:56.381
- In our current job, or is it safe to look around a bit?
- 00:10:56.381 --> 00:10:59.518
- I think the job market is still very strong,
- 00:11:00.419 --> 00:11:02.121
- So i would encourage people, if you don't like your job,
- 00:11:02.121 --> 00:11:03.889
- To definitely look around, and if you do like your job,
- 00:11:03.889 --> 00:11:06.358
- Definitely stay put.
- 00:11:06.358 --> 00:11:07.359
- So whatever is in your best interest,
- 00:11:07.359 --> 00:11:09.361
- Carry forward with that.
- 00:11:09.361 --> 00:11:10.796
- That's the other thing that's a little tricky
- 00:11:10.796 --> 00:11:12.531
- About these tariffs is we really don't know yet
- 00:11:12.531 --> 00:11:15.367
- What kind of effect
- 00:11:15.367 --> 00:11:16.668
- It's going to have on the overall economy,
- 00:11:16.668 --> 00:11:18.170
- Whether it's going to take it or whether it's
- 00:11:18.170 --> 00:11:19.571
- Just going to slow it down some i think it's inevitable.
- 00:11:19.571 --> 00:11:22.074
- It is going to slow it down some because it's basically
- 00:11:22.074 --> 00:11:24.376
- An extra tax and friction
- 00:11:24.376 --> 00:11:26.445
- Cost on the economy slowed things down.
- 00:11:26.445 --> 00:11:28.180
- But there's a lot of wall street.
- 00:11:28.180 --> 00:11:29.414
- So you think we're already in recession.
- 00:11:29.414 --> 00:11:30.916
- In fact,
- 00:11:30.916 --> 00:11:32.117
- The chairman of blackrock, larry fink, said that yesterday.
- 00:11:32.117 --> 00:11:34.419
- I'm not convinced that's the case.
- 00:11:34.419 --> 00:11:35.988
- This economy so strong, i think it'll take
- 00:11:35.988 --> 00:11:38.624
- An extended bout of significant tariffs
- 00:11:38.624 --> 00:11:41.093
- To really sink us into recession.
- 00:11:41.093 --> 00:11:42.661
- And hopefully that won't ever happen.
- 00:11:42.661 --> 00:11:44.296
- What do you think about elon musk and his walk
- 00:11:45.264 --> 00:11:47.399
- Through washington these last few weeks?
- 00:11:47.399 --> 00:11:51.837
- I think, mr.
- 00:11:52.171 --> 00:11:54.006
- Musk is is just really, really fun to watch.
- 00:11:54.006 --> 00:11:57.176
- He is just he's a lot like the president in that way.
- 00:11:57.176 --> 00:11:59.778
- He's kind of a controlled explosion of activity.
- 00:11:59.778 --> 00:12:02.915
- And i would never bet against him.
- 00:12:02.915 --> 00:12:04.516
- You want to talk about somebody?
- 00:12:04.516 --> 00:12:05.617
- He's got a track record for the envy of all mankind.
- 00:12:05.617 --> 00:12:08.654
- It's him.
- 00:12:08.654 --> 00:12:09.521
- I. i think he could make an argument.
- 00:12:09.521 --> 00:12:10.756
- He's the most successful
- 00:12:10.756 --> 00:12:11.690
- Businessman in the history of the world.
- 00:12:11.690 --> 00:12:12.791
- Now, his personal life is extremely is
- 00:12:12.791 --> 00:12:14.493
- Centric and unique in a, in a in an unusual way.
- 00:12:14.493 --> 00:12:18.230
- But in terms of the results
- 00:12:18.230 --> 00:12:19.798
- He gets, he's pretty pretty amazing.
- 00:12:19.798 --> 00:12:21.733
- And i'm really glad that,
- 00:12:21.733 --> 00:12:23.068
- The president turned him loose on the government.
- 00:12:23.068 --> 00:12:25.604
- I think it takes
- 00:12:25.604 --> 00:12:26.438
- A force of nature, like elon musk,
- 00:12:26.438 --> 00:12:28.006
- To really get these things done rapidly.
- 00:12:28.006 --> 00:12:30.075
- Boys, it's been rapid.
- 00:12:30.075 --> 00:12:31.276
- It's been incredible to watch,
- 00:12:31.276 --> 00:12:33.045
- Especially the dismantling of the department of education.
- 00:12:33.045 --> 00:12:36.148
- I just wish he wouldn't stop there.
- 00:12:36.148 --> 00:12:37.416
- I wish he'd go straight over to commerce and energy.
- 00:12:37.416 --> 00:12:39.351
- After that.
- 00:12:39.351 --> 00:12:39.918
- The three departments
- 00:12:39.918 --> 00:12:41.186
- Rick perry could only remember two of during his last
- 00:12:41.186 --> 00:12:44.323
- His first presidential run and dismantle them as well.
- 00:12:44.323 --> 00:12:47.326
- All all three of those really served
- 00:12:47.326 --> 00:12:48.794
- Not a whole lot of benefit
- 00:12:48.794 --> 00:12:49.928
- For the american people, and probably burned through
- 00:12:49.928 --> 00:12:52.231
- 200 billion plus of tax revenue every year
- 00:12:52.231 --> 00:12:54.433
- For not a whole lot of good.
- 00:12:54.433 --> 00:12:55.534
- So i hope he gets rid of those two.
- 00:12:55.534 --> 00:12:57.803
- You think he'll succeed in finding his trillion dollars
- 00:12:57.803 --> 00:13:00.405
- Of waste?
- 00:13:00.405 --> 00:13:01.173
- Oh, i think he can definitely get to $1 trillion.
- 00:13:02.140 --> 00:13:04.176
- I think the problem with that, though,
- 00:13:04.176 --> 00:13:05.811
- Is i think you two have to take a big whack
- 00:13:05.811 --> 00:13:07.512
- Out of the department of defense
- 00:13:07.512 --> 00:13:08.947
- To do that without touching entitlements.
- 00:13:08.947 --> 00:13:11.316
- The president
- 00:13:11.316 --> 00:13:12.384
- Said over and over again that we really should do
- 00:13:12.384 --> 00:13:14.086
- Nothing different
- 00:13:14.086 --> 00:13:14.820
- About entitlements, and
- 00:13:14.820 --> 00:13:16.255
- You really can't cut the deficit tremendously
- 00:13:16.255 --> 00:13:18.757
- Unless you go after entitlements as well.
- 00:13:18.757 --> 00:13:20.659
- So i'm hopeful
- 00:13:20.659 --> 00:13:21.793
- That president trump's not going to tackle that beast,
- 00:13:21.793 --> 00:13:23.896
- That somebody in the future will cause it.
- 00:13:23.896 --> 00:13:25.797
- That needs to happen also.
- 00:13:25.797 --> 00:13:27.232
- But, a trillion
- 00:13:27.232 --> 00:13:29.268
- Outside of getting the department of defense,
- 00:13:29.268 --> 00:13:31.103
- I don't think he can get there.
- 00:13:31.103 --> 00:13:32.304
- And i don't want him to get the department of defense.
- 00:13:32.304 --> 00:13:34.873
- I feel like that's about the only, agency
- 00:13:34.873 --> 00:13:37.976
- In the government that actually works.
- 00:13:37.976 --> 00:13:39.444
- And i think most americans feel that way, too.
- 00:13:39.444 --> 00:13:41.613
- Is there wasted money there? certainly.
- 00:13:41.613 --> 00:13:43.215
- Can you cut 100 billion, 150 billion of waste out?
- 00:13:43.215 --> 00:13:45.918
- Probably.
- 00:13:45.918 --> 00:13:46.985
- So more than that, if you cut into muscle and bone,
- 00:13:46.985 --> 00:13:50.322
- And we don't need to be doing that
- 00:13:50.322 --> 00:13:51.590
- With all the threats around the world these days.
- 00:13:51.590 --> 00:13:54.092
- Well, it seems like a pretty good time
- 00:13:54.092 --> 00:13:55.394
- To pick up a used tesla if you're in the market for an ev.
- 00:13:55.394 --> 00:13:59.498
- That's so true.
- 00:13:59.865 --> 00:14:01.099
- That's exactly right.
- 00:14:01.099 --> 00:14:02.100
- You know, you just can't make this stuff up.
- 00:14:02.100 --> 00:14:03.702
- That all the virtue signalers and d and esg people
- 00:14:03.702 --> 00:14:08.040
- Who are crazy, crazy, far
- 00:14:08.040 --> 00:14:10.075
- Out of the mainstream on environmentalism,
- 00:14:10.075 --> 00:14:12.010
- They were buying teslas hand over fist.
- 00:14:12.010 --> 00:14:14.112
- What they didn't realize is that you have to generate
- 00:14:14.112 --> 00:14:16.148
- Those batteries
- 00:14:16.148 --> 00:14:17.316
- From from power sources, which are typically natural gas
- 00:14:17.316 --> 00:14:20.218
- Or coal fired power plants, which which do, pollute
- 00:14:20.218 --> 00:14:23.755
- The environment, especially the coal plants.
- 00:14:23.755 --> 00:14:25.424
- So they really were virtue signaling for no,
- 00:14:25.424 --> 00:14:27.859
- Ascertainable purpose.
- 00:14:27.859 --> 00:14:29.194
- And now they're doing the exact opposite.
- 00:14:29.194 --> 00:14:30.929
- They're burning them on lots and killing them
- 00:14:30.929 --> 00:14:33.165
- Just because musk is trying to save their bacon
- 00:14:33.165 --> 00:14:35.400
- And their children and grandchildren,
- 00:14:35.400 --> 00:14:36.635
- Speaking by cutting, cutting the deficit
- 00:14:36.635 --> 00:14:39.071
- So their children don't go bankrupt someday as a
- 00:14:39.071 --> 00:14:41.173
- As as part of this country.
- 00:14:41.173 --> 00:14:42.674
- So you just can't make it up that they've gone from,
- 00:14:42.674 --> 00:14:45.344
- Severe advocates from us to arch enemies.
- 00:14:45.344 --> 00:14:48.213
- And it's the same product and it's the same service
- 00:14:48.213 --> 00:14:50.282
- Offering as it was previously.
- 00:14:50.282 --> 00:14:51.850
- It's really entertaining to watch.
- 00:14:51.850 --> 00:14:54.586
- George, thank you for being a part of the show today.
- 00:14:54.586 --> 00:14:56.855
- It's always an honor to have you join us.
- 00:14:56.855 --> 00:14:59.057
- Honor to be here, alan.
- 00:14:59.558 --> 00:15:00.492
- Thank you.
- 00:15:00.492 --> 00:15:01.526
- When we return, i'll share some of my thoughts
- 00:15:01.526 --> 00:15:03.729
- On what we can do to be prepared in this season of shaking.
- 00:15:03.729 --> 00:15:12.008
- On what we can do to be prepared in this season of shaking.
- 00:15:12.008 --> 00:15:13.951
- Well, i believe we're in a season of shaking.
- 00:15:14.885 --> 00:15:17.321
- You know, the shaking may feel uncomfortable at the moment,
- 00:15:17.321 --> 00:15:19.957
- But after a shaking, things tend to become visible
- 00:15:19.957 --> 00:15:22.559
- That weren't so visible before.
- 00:15:22.559 --> 00:15:24.728
- Well, there's a shaking happening
- 00:15:24.728 --> 00:15:26.263
- In the way things are done in washington.
- 00:15:26.263 --> 00:15:28.332
- The latest cause for uproar is reciprocal tariffs.
- 00:15:28.332 --> 00:15:31.402
- President trump has put forward some bold ideas
- 00:15:31.402 --> 00:15:33.971
- In an attempt to level the economic playing field.
- 00:15:33.971 --> 00:15:37.174
- I'm grateful the covers have been lifted
- 00:15:37.174 --> 00:15:39.176
- By this administration,
- 00:15:39.176 --> 00:15:40.644
- Exposing some of the looting that's been taking place.
- 00:15:40.644 --> 00:15:43.781
- So yes, the stock market's been on a roller coaster.
- 00:15:43.781 --> 00:15:46.583
- Many people have had their nerves rattled,
- 00:15:46.583 --> 00:15:49.186
- But perhaps the shaking is not such a bad thing.
- 00:15:49.186 --> 00:15:52.723
- I've talked to church leaders across the country,
- 00:15:52.723 --> 00:15:55.059
- And i've heard this repeatedly, that there's a lethargy
- 00:15:55.059 --> 00:15:57.895
- That has come to our nation since last november.
- 00:15:57.895 --> 00:16:00.731
- There's been a greater appetite for entertainment
- 00:16:00.731 --> 00:16:02.733
- And a much lesser appetite for engagement.
- 00:16:02.733 --> 00:16:06.070
- We as christians have to repent for sitting at our recliner
- 00:16:06.070 --> 00:16:09.173
- With our robe on saying, go team, fix our problems.
- 00:16:09.173 --> 00:16:12.910
- It feels to me that as a society,
- 00:16:12.910 --> 00:16:15.179
- We have an addiction to easy.
- 00:16:15.179 --> 00:16:17.648
- There was a whole marketing campaign
- 00:16:17.648 --> 00:16:18.949
- Not long ago
- 00:16:18.949 --> 00:16:20.184
- Where a major nationwide chain claimed to have an easy button.
- 00:16:20.184 --> 00:16:23.420
- Everything was easy.
- 00:16:23.420 --> 00:16:24.555
- Shop at our store. it's easy.
- 00:16:24.555 --> 00:16:27.157
- Well, now we find ourselves in a season where it seems
- 00:16:27.157 --> 00:16:29.827
- We're being asked to adapt to unfamiliar circumstances.
- 00:16:29.827 --> 00:16:33.530
- So i have a suggestion.
- 00:16:33.530 --> 00:16:35.099
- Instead of complaining,
- 00:16:35.099 --> 00:16:36.633
- Let's just decide to do difficult things.
- 00:16:36.633 --> 00:16:39.570
- Let's do difficult.
- 00:16:39.570 --> 00:16:40.471
- When it comes to adjusting our
- 00:16:40.471 --> 00:16:41.805
- Spending habits, our work ethic, how we interact with people.
- 00:16:41.805 --> 00:16:45.742
- Let's do difficult when it comes to speaking up
- 00:16:45.742 --> 00:16:47.845
- For a biblical worldview.
- 00:16:47.845 --> 00:16:49.446
- And when it comes to the building of our character,
- 00:16:49.446 --> 00:16:52.116
- Let's persevere towards godliness
- 00:16:52.116 --> 00:16:53.884
- And allow the spirit of god to hone our character
- 00:16:53.884 --> 00:16:56.587
- So that we does our truthfulness,
- 00:16:56.587 --> 00:16:58.188
- Integrity, and purity.
- 00:16:58.188 --> 00:17:00.324
- We're constructing a new normal these days.
- 00:17:00.324 --> 00:17:02.392
- We might wish this assignment had gone to someone else,
- 00:17:02.392 --> 00:17:05.162
- But we're the ones god has called to be
- 00:17:05.162 --> 00:17:06.864
- About his business in this season.
- 00:17:06.864 --> 00:17:08.832
- So let's go to work.
- 00:17:08.832 --> 00:17:10.367
- If we'll do that, i promise.
- 00:17:10.367 --> 00:17:11.902
- There are more reasons for hope than despair when we return.
- 00:17:11.902 --> 00:17:15.572
- I'm going to read some of your emails.
- 00:17:15.572 --> 00:17:23.014
- I'm going to read some of your emails.
- 00:17:23.014 --> 00:17:25.551
- Thank you for taking the time to send us your emails.
- 00:17:26.585 --> 00:17:29.622
- Your thoughts and comments are an important part of our show.
- 00:17:29.622 --> 00:17:33.192
- Nancy commented on a youtube episode with commander
- 00:17:33.192 --> 00:17:35.861
- Kirk lippold.
- 00:17:35.861 --> 00:17:37.363
- I think for the most part,
- 00:17:37.363 --> 00:17:38.497
- The citizens of the usa only want a few simple things
- 00:17:38.497 --> 00:17:41.600
- Peace, a safe place to raise their children,
- 00:17:41.600 --> 00:17:44.170
- A government that listens to its people
- 00:17:44.170 --> 00:17:46.138
- And to be able to worship when and where we choose every day.
- 00:17:46.138 --> 00:17:49.375
- Take the time to stop and thank god for his peace.
- 00:17:49.375 --> 00:17:52.077
- Ask for safety of our nation and our leaders, and for wisdom
- 00:17:52.077 --> 00:17:55.414
- To live a life pleasing to god.
- 00:17:55.414 --> 00:17:57.550
- Put an end to hate and evil, and share god's love.
- 00:17:57.550 --> 00:18:01.353
- Well, nancy doesn't happen very often,
- 00:18:01.353 --> 00:18:02.955
- But you've out preached the preacher.
- 00:18:02.955 --> 00:18:04.456
- I have nothing to add to that except i agree,
- 00:18:04.456 --> 00:18:07.793
- Lucia emailed on the
- 00:18:08.260 --> 00:18:09.862
- Topic of education and keeping religion out of schools.
- 00:18:09.862 --> 00:18:12.965
- I remember equip that was made
- 00:18:12.965 --> 00:18:14.700
- And or printed back in the 70s in my local paper it said
- 00:18:14.700 --> 00:18:18.404
- As long as there are test, there will be prayer in schools.
- 00:18:18.404 --> 00:18:22.341
- I've always found this humorous, but many today don't
- 00:18:22.341 --> 00:18:24.510
- Seem to understand it.
- 00:18:24.510 --> 00:18:26.045
- I know pastor allen well.
- 00:18:26.045 --> 00:18:27.813
- The only way they'll stop prayers
- 00:18:27.813 --> 00:18:29.615
- Is to use ai for mind control.
- 00:18:29.615 --> 00:18:31.750
- I'm sure that's in the plan already.
- 00:18:31.750 --> 00:18:33.352
- Sad day that will be.
- 00:18:33.352 --> 00:18:34.987
- People are too gullible.
- 00:18:34.987 --> 00:18:36.689
- Well, lucy, i can promise you
- 00:18:36.689 --> 00:18:38.023
- I've said my share of prayers before test.
- 00:18:38.023 --> 00:18:41.026
- I finally had to acknowledge the fact
- 00:18:41.026 --> 00:18:42.494
- That studying didn't hurt either.
- 00:18:42.494 --> 00:18:45.798
- Sandra, i'm from biloxi, mississippi.
- 00:18:45.798 --> 00:18:48.033
- That angel saved me yesterday from a head-on car crash.
- 00:18:48.033 --> 00:18:51.937
- I had to slow down for the mail truck
- 00:18:51.937 --> 00:18:53.806
- Or i would have been going faster down the road.
- 00:18:53.806 --> 00:18:56.375
- I hit the crest of a small rolling hill and there was a car
- 00:18:56.375 --> 00:18:58.611
- Passing a car in the other lane, going the opposite direction.
- 00:18:58.611 --> 00:19:02.848
- If i'd been going my normal speed,
- 00:19:02.848 --> 00:19:04.250
- That car would have hit me head on.
- 00:19:04.250 --> 00:19:06.318
- First thing i did was thank god for saving my life.
- 00:19:06.318 --> 00:19:09.321
- I felt a shiver go through me at that split second.
- 00:19:09.321 --> 00:19:11.624
- All i could say was, wow.
- 00:19:11.624 --> 00:19:14.393
- Well, i believe angels are a part of our lives
- 00:19:14.393 --> 00:19:17.129
- And they make a difference every day.
- 00:19:17.129 --> 00:19:18.831
- I'm grateful you recognize god's intervention yesterday.
- 00:19:18.831 --> 00:19:22.401
- I'm sure he's watching over us every day.
- 00:19:22.401 --> 00:19:24.470
- And finally, carolyn from augusta, georgia.
- 00:19:25.337 --> 00:19:27.806
- It's so interesting to hear again,
- 00:19:27.806 --> 00:19:29.708
- The last president to have a balanced budget
- 00:19:29.708 --> 00:19:31.543
- Was bill clinton.
- 00:19:31.543 --> 00:19:32.911
- So why should the democrats be in such an uproar over
- 00:19:32.911 --> 00:19:35.314
- What current administration is trying to do?
- 00:19:35.314 --> 00:19:37.783
- Perhaps those particular congressmen are afraid
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- That things they have sponsored are going to be uncovered.
- 00:19:39.885 --> 00:19:43.222
- I think the real challenge is the difficulty
- 00:19:44.156 --> 00:19:45.991
- We have
- 00:19:45.991 --> 00:19:46.959
- Of the people we perceive
- 00:19:46.959 --> 00:19:48.027
- To be on the opposite side of the debate,
- 00:19:48.027 --> 00:19:50.029
- Having any kind of success,
- 00:19:50.029 --> 00:19:51.930
- We would all be strengthened by going back to the idea
- 00:19:51.930 --> 00:19:54.633
- That we were all for one another,
- 00:19:54.633 --> 00:19:56.568
- And that when our
- 00:19:56.568 --> 00:19:57.603
- Nation prospers, it's to all of our advantage.
- 00:19:57.603 --> 00:20:01.106
- Well, if you haven't yet, you can go to aj now.com.
- 00:20:01.106 --> 00:20:04.376
- There you can see our most recent episode of this program.
- 00:20:04.376 --> 00:20:07.780
- There are ways to watch and if you scroll
- 00:20:07.780 --> 00:20:09.515
- Down on the page, you can send your feedback and questions.
- 00:20:09.515 --> 00:20:12.518
- It's an important part of this show.
- 00:20:12.518 --> 00:20:14.787
- Well, from all of us here in nashville,
- 00:20:14.787 --> 00:20:16.522
- I want to thank you for joining us tonight,
- 00:20:16.522 --> 00:20:18.657
- And you have a wonderful evening.
- 00:20:18.657 --> 00:20:18.657