Latest / Wayne Allyn Root’s WAR Zone Podcast / Wayne Allyn Root’s WAR Zone 08-29-25 Hour 2

Transcript

Wayne Allyn Root’s WAR Zone 08-29-25 Hour 2 · Wayne Allyn Root’s WAR Zone Podcast

• 0:10
  Speaker 1: Warning!
• 0:10
  Speaker 2: The Root!
• 0:11
  Speaker 1: The Root!
• 0:12
  Speaker 3: The Root's on fire!
• 0:14
  Speaker 1: You're about to experience the most high-octane, pedal-to-the-metal controversial show
• 0:18
  Speaker 1: of your life. Please buckle up and hold on tightly.
• 0:21
  Speaker 1: This station is not responsible for injuries. This is Wayne
• 0:25
  Speaker 1: Allen Root, America's favorite conservative rock star, direct from the
• 0:29
  Speaker 1: entertainment capital of the world, Las Vegas. What time is it?
• 0:33
  Speaker 1: It's time for War! Here's your host, 100% raw truth,
• 0:40
  Speaker 1: 100% American made, the warrior, Wayne Allen Root.
• 0:59
  Speaker 3: Everybody no way down rude he is off he was
• 1:02
  Speaker 3: off last night he was what's today today's friday right
• 1:05
  Speaker 3: so he's been off wednesday thursday friday he'll be off
• 1:07
  Speaker 3: again uh on tuesday i'll be back on wednesday of
• 1:12
  Speaker 3: next week all fired up energized ready to rock and
• 1:15
  Speaker 3: roll and uh hit grand slam for you on wednesday
• 1:18
  Speaker 3: i am lee elsie the voice of freedom you can
• 1:20
  Speaker 3: find me in connecticut that's where i broadcast every morning
• 1:24
  Speaker 3: from 6 to 10 on the biggest FM station here
• 1:27
  Speaker 3: in Connecticut, broadcasting out over Connecticut, Rhode Island, and Long Island.
• 1:30
  Speaker 3: Of course, with the way digital is and online, we
• 1:33
  Speaker 3: are actually global, so it's nonstop everywhere we go. Right here,
• 1:38
  Speaker 3: we've got the Gateway Pundit on our team, untamednation.com, Root
• 1:41
  Speaker 3: for America. You can watch there. You can see my
• 1:44
  Speaker 3: fancy light, whatever color this is, blue blazer that we
• 1:48
  Speaker 3: are rocking tonight. Listen, this segment is being brought to
• 1:51
  Speaker 3: you by the Great Patriots Store The Great Patriot Store.
• 1:56
  Speaker 3: If you're sick and tired of supporting woke companies, we've
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  Speaker 3: you beat inflation. And they've expanded their beef division, so
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• 3:07
  Speaker 3: I was going to do a whole 15 minutes on faith,
• 3:11
  Speaker 3: and I'm not a religious person, but I find it
• 3:16
  Speaker 3: the most fascinating of all topics and maybe we'll, we'll
• 3:19
  Speaker 3: shelve that maybe until next week, but I did want
• 3:21
  Speaker 3: to go off the beaten path a little bit. And
• 3:24
  Speaker 3: I want to ask you something. This is something I
• 3:25
  Speaker 3: did on my show. And I think it, it garnered
• 3:29
  Speaker 3: a little bit of an intense discussion, but what is
• 3:33
  Speaker 3: life worth? Imagine you're sitting across from me, right? We're
• 3:40
  Speaker 3: at a coffee house and we ponder the, the question
• 3:46
  Speaker 3: that pierces everybody's soul, what is your life actually worth?
• 3:53
  Speaker 3: I mean, is it worth a certain amount of dollars, possessions,
• 3:56
  Speaker 3: and currency, and time, fleeting seconds, minutes, days? What's your
• 4:01
  Speaker 3: life worth? Let's form a provocative analogy. Let's say I
• 4:10
  Speaker 3: had a billion dollars to offer. Billion would it be?
• 4:15
  Speaker 3: And I said, I'd give it to you. but you'd
• 4:17
  Speaker 3: only have one day to live. Would you take that
• 4:20
  Speaker 3: billion dollars? Of course, the answer, likely the answer is
• 4:26
  Speaker 3: a resolute no. Nobody would trade their life one day
• 4:30
  Speaker 3: for a billion dollars. A single day, no matter how
• 4:34
  Speaker 3: amazing the wealth is, can't compete or compare to the
• 4:38
  Speaker 3: infinite potential possibilities of a life well lived. 24 hours,
• 4:43
  Speaker 3: it's too much to trade for a billion dollars. And
• 4:47
  Speaker 3: some of the great poets have said, you have all
• 4:50
  Speaker 3: the fears of mortals and all the desires of immortals.
• 4:53
  Speaker 3: So a billion dollars for a single day, it would
• 4:57
  Speaker 3: just be a cruel jest when the test is actually time.
• 5:03
  Speaker 3: That's the true measure of wealth. But one day, that's
• 5:08
  Speaker 3: not really fair. Right? One day. What if I were
• 5:13
  Speaker 3: to ask, The same question, but instead of a day,
• 5:16
  Speaker 3: I offered you 30 days to live. You got a
• 5:18
  Speaker 3: billion dollars for a 30-day trade. Would you take that?
• 5:21
  Speaker 3: 30 days, one month, 30 sunrises, laughter, moments, maybe some
• 5:27
  Speaker 3: quiet reflection, enough time to have some amazing meals, hang
• 5:32
  Speaker 3: out with the loved ones, walk through the forest or
• 5:34
  Speaker 3: on the beach, maybe lose yourself in a book. 30
• 5:38
  Speaker 3: days versus $ 1 billion. The answer, of course, is still no, right?
• 5:43
  Speaker 3: Still no. A month, though precious, is too brief. The
• 5:47
  Speaker 3: trade from your money, the weight of each moment grows
• 5:51
  Speaker 3: heavier when you know they're numbered. So it would be
• 5:55
  Speaker 3: torturous to trade a billion dollars for 30 days. Let's
• 6:00
  Speaker 3: say I bargain even further. What if I gave you
• 6:03
  Speaker 3: a billion dollars for a year? Do you start to
• 6:06
  Speaker 3: think about that now? A year holds seasons, holidays, personal growth,
• 6:11
  Speaker 3: enough time to try something new. Maybe mend a broken relationship.
• 6:16
  Speaker 3: Chase a dream for 365 days. But my guess is
• 6:23
  Speaker 3: you probably wouldn't be willing to trade your 365-day year
• 6:29
  Speaker 3: for a billion dollars. It's just not worth it. A
• 6:33
  Speaker 3: billion dollars might buy you those amazing external comforts, but
• 6:38
  Speaker 3: only time can grant you inner strength. Right? So a year...
• 6:44
  Speaker 3: feels like too steep a price. Hmm. What if I
• 6:49
  Speaker 3: gave you 10 years for $ 5 billion? Or what if
• 6:52
  Speaker 3: I gave you 10 years for a billion dollars? I mean,
• 6:57
  Speaker 3: I guess it would then depend upon how old are you?
• 6:59
  Speaker 3: I mean, if you're 60, 10 years for a billion dollars,
• 7:04
  Speaker 3: maybe that that begins to gnaw at you a little bit.
• 7:07
  Speaker 3: 10 years is substantial. Time to travel the world, build
• 7:11
  Speaker 3: something lasting. Love maybe somebody deeply. A billion dollars, you
• 7:15
  Speaker 3: can change lives, fund dreams. It's your money. You do
• 7:18
  Speaker 3: what you want with it. Leave a legacy. 10 years,
• 7:24
  Speaker 3: billion dollars. And still, those of you who are listening, still,
• 7:31
  Speaker 3: the answer is no, right? The answer is no. Every
• 7:36
  Speaker 3: tick of the clock brings you ever closer to the end.
• 7:38
  Speaker 3: 10 years, though rich and amazing with possibility, it's finite.
• 7:42
  Speaker 3: It's hard, man. It's a reminder that, I mean, this
• 7:48
  Speaker 3: is not just a resource. Time is the very fabric
• 7:51
  Speaker 3: of the existence. We're not rich by what we possess,
• 7:56
  Speaker 3: but what we cannot do without. A billion dollars pales
• 8:00
  Speaker 3: in comparison, weighed against the boundless potential of even a
• 8:04
  Speaker 3: single hour. So what amount of time would you trade
• 8:10
  Speaker 3: a billion dollars for? Realistic time. I mean, again, obviously,
• 8:14
  Speaker 3: if you're 60 years old and someone were to give
• 8:17
  Speaker 3: you a billion dollars for 50 years, you'd probably say yes,
• 8:20
  Speaker 3: because you're probably not going to make it to 110.
• 8:24
  Speaker 3: But the truth is, anything realistic, no amount of money
• 8:30
  Speaker 3: seems fair, right? Time is the most precious resource that
• 8:34
  Speaker 3: we have. Not because it's so scarce, but because it's singular.
• 8:38
  Speaker 3: Every second carries the weight of immense possibilities, joy, sorrow, growth, connections.
• 8:46
  Speaker 3: And we're just so unsure of what lies after this.
• 8:53
  Speaker 3: If it's nothing, then it's not, certainly not worth the trade.
• 8:59
  Speaker 3: And each moment is unique. Everything, every second, like you're
• 9:02
  Speaker 3: listening to me right now, it's unique. You've never heard
• 9:04
  Speaker 3: this before. It's unique to you. You didn't have this
• 9:08
  Speaker 3: 10 seconds ago, 30 seconds ago, 30 minutes ago. And
• 9:14
  Speaker 3: a billion dollars, it can buy you a mansion, fancy car.
• 9:19
  Speaker 3: But in the end, you probably wouldn't trade time for
• 9:22
  Speaker 3: any amount of money, right? A billion dollars can do
• 9:27
  Speaker 3: a lot of different things, but you wouldn't, you wouldn't
• 9:30
  Speaker 3: pay it for one more. You pay it for one extra.
• 9:33
  Speaker 3: If you had 10 billion, you pay an extra billion
• 9:35
  Speaker 3: for a day. It's the one thing you can't get back.
• 9:40
  Speaker 3: Every second of every day is priceless. So I just
• 9:44
  Speaker 3: thought that that would be, that's just something I, I,
• 9:48
  Speaker 3: I heard this analogy, somebody else did it and I
• 9:52
  Speaker 3: kind of stole it, but I thought it was fascinating
• 9:53
  Speaker 3: when you think about it. just shows you how much
• 9:56
  Speaker 3: just one day is worth right time can't be bought
• 9:59
  Speaker 3: or bargained it's the one currency that flows without pause
• 10:04
  Speaker 3: it's indifferent to our wealth our status the value of
• 10:08
  Speaker 3: life is measured in years or it's not measured in
• 10:10
  Speaker 3: years or dollars but in the moments that you're given
• 10:13
  Speaker 3: so Bottom line, the answer to my original question, a
• 10:18
  Speaker 3: billion dollars for a day, no, a month, no, a year, no,
• 10:21
  Speaker 3: 10 years, no.
• 10:24
  Speaker 4: Nope.
• 10:25
  Speaker 3: Every fleeting moment of my life, beautiful, agonizing, painful, wonderful,
• 10:29
  Speaker 3: every second of it, it's worth far more than that.
• 10:33
  Speaker 3: It's basically worth everything. And I hope you look at
• 10:36
  Speaker 3: yours the same exact way because it's the most precious
• 10:41
  Speaker 3: resource that we have. And I felt like sharing that
• 10:45
  Speaker 3: that story would give you a little different perspective on
• 10:49
  Speaker 3: some of the things that are bouncing around in my brain.
• 10:53
  Speaker 3: I like those kinds of conversations. They make you think.
• 10:59
  Speaker 3: So we'll get back to the politics of it all.
• 11:01
  Speaker 3: We'll take a short break. We'll come back. Like I said,
• 11:02
  Speaker 3: bottom of the hour, we'll talk to a columnist who's
• 11:06
  Speaker 3: written for the Wall Street Journal and some other major outlets.
• 11:09
  Speaker 3: And he'll join us. His name is Red Janky. We'll
• 11:11
  Speaker 3: talk about Trump and his economy, and all things around
• 11:16
  Speaker 3: that when we get back. And I'll do a little
• 11:18
  Speaker 3: crime when we come back. There's been some amazing progress
• 11:21
  Speaker 3: in Washington, and I'll read you some statistics about this
• 11:25
  Speaker 3: whole plan from Donald Trump when we return. Again, you're
• 11:28
  Speaker 3: listening to The War Zone, The Gateway Pundit, Untamed Nation, RootForAmerica.com.
• 11:33
  Speaker 3: We'll take a short break. We'll come right back. Hang on, everybody.
• 11:51
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• 15:06
  Speaker 3: All right, let's go.
• 15:07
  Speaker 2: Welcome back.
• 15:08
  Speaker 3: Warzone. Friday, the Friday before the long Labor Day holiday.
• 15:12
  Speaker 3: Many of you are probably already on your way someplace.
• 15:15
  Speaker 3: Maybe you're already there. You're going to party like rock stars.
• 15:18
  Speaker 3: Wayne Allen Root is taking advantage of that. He'll be
• 15:20
  Speaker 3: back on Wednesday. Yours truly, Lee Elser, the voice of freedom,
• 15:24
  Speaker 3: is here for you until then. So diabetes. Diabetes. Reversal
• 15:29
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• 15:32
  Speaker 3: the scourge of our time. Ravages your body.
• 15:35
  Speaker 1: Costs.
• 15:36
  Speaker 3: They'll bankrupt you. It's terrible. Destroy your quality of life.
• 15:40
  Speaker 3: And it's basically bankrupting our healthcare system. So type 2
• 15:44
  Speaker 3: diabetes can cause blindness, kidney failure, heart attack, stroke, amputation, Alzheimer's, dementia, ED,
• 15:53
  Speaker 3: and yeah, even cancer. So reversing your diabetes can help
• 15:56
  Speaker 3: prevent these complications. More than 37 million Americans have diabetes.
• 16:00
  Speaker 3: 98 million have pre-diabetes. So There is fantastic news. Diabetes
• 16:06
  Speaker 3: Reversal Group has the only patented system in the world
• 16:09
  Speaker 3: that reverses type 2 diabetes. They have a 15-year track record,
• 16:14
  Speaker 3: and they guarantee results after following the program. If your
• 16:17
  Speaker 3: A1c is in 5.9 or lower, taking absolutely no diabetic meds,
• 16:22
  Speaker 3: you get 100% refund. Plus, they give you $ 1, 000 just
• 16:26
  Speaker 3: for trying. You've got nothing to lose. Attend a free
• 16:28
  Speaker 3: webinar to learn more. about their patented program, register at ReverseMyDiabetesFast.com.
• 16:37
  Speaker 3: That's ReverseMyDiabetesFast.com. And give it a try, man. It seems
• 16:43
  Speaker 3: like that's a win-win-win for everybody involved.
• 16:47
  Speaker 2: All right.
• 16:47
  Speaker 3: We don't have a lot of time in this segment,
• 16:49
  Speaker 3: but I did see some numbers today that I thought
• 16:52
  Speaker 3: were pretty remarkable, and I want to share them with you. 1,369
• 16:55
  Speaker 3: arrests in D.C. since the feds began to patrol the streets.
• 17:01
  Speaker 3: 12 known gang members arrested. One juvenile was arrested for
• 17:08
  Speaker 3: intent to distribute fentanyl. Here's the one where everyone should
• 17:14
  Speaker 3: stand up and give Donald Trump an absolute 100% standing ovation.
• 17:21
  Speaker 1: All right.
• 17:21
  Speaker 3: Now you can. Say what you want about crime and
• 17:24
  Speaker 3: criminals and all the impact of that. But since Trump
• 17:29
  Speaker 3: has put boots on the ground, five missing children have
• 17:34
  Speaker 3: been rescued. Right? Five missing kids found. I mean, that
• 17:40
  Speaker 3: right there, right there alone, should bring everybody to the
• 17:45
  Speaker 3: table and willing to celebrate what's going on in Washington, D.C.
• 17:50
  Speaker 3: Five kids that were missing in this, who knows, probably
• 17:55
  Speaker 3: the sex trade industry, have been found. 140 firearms have
• 17:59
  Speaker 3: been seized. That should make all of the Democrat progressives excited.
• 18:04
  Speaker 3: And 50 homeless encampments have been cleared. That's since, well,
• 18:08
  Speaker 3: it's two weeks. Two weeks in Washington, D.C. Tell me
• 18:13
  Speaker 3: where this is the wrong approach. Tell me where this
• 18:18
  Speaker 3: is not the right way to go about things. Now,
• 18:22
  Speaker 3: you may not think there's a crime epidemic, but what
• 18:25
  Speaker 3: I just read you clearly tells me that there is.
• 18:28
  Speaker 3: And these people who I just read about, right, the
• 18:31
  Speaker 3: 12 known gang members, the juvenile, the five missing kids,
• 18:36
  Speaker 3: the 50 homeless encampments, 140 firearms, those people would still
• 18:41
  Speaker 3: be on the streets causing havoc, wreaking crime, wreaking all
• 18:44
  Speaker 3: kinds of chaos. Yet now they're off the streets. So
• 18:48
  Speaker 3: maybe people can go walk. to the corner restaurant and
• 18:54
  Speaker 3: get a hamburger, get a sandwich. Maybe they can go
• 18:56
  Speaker 3: hand-in-hand to the nearest little park area without the fear
• 19:01
  Speaker 3: of having somebody mug them from behind or having a
• 19:04
  Speaker 3: gang member come up and attack them or what have you.
• 19:08
  Speaker 3: Where's the loss?
• 19:09
  Speaker 1: 1,369 arrests.
• 19:09
  Speaker 3: 1,369 arrests in Washington, D.C. in the last two weeks. Guys,
• 19:18
  Speaker 3: The only reason why anybody is pushing back against this,
• 19:21
  Speaker 3: the only reason is for Trump derangement syndrome. There is
• 19:26
  Speaker 3: no other reason why you would not want to have
• 19:29
  Speaker 3: more law and order on the streets of your city.
• 19:33
  Speaker 3: It's just simple common sense. But what are we doing?
• 19:37
  Speaker 3: You got to give Trump his props. Even those of
• 19:39
  Speaker 3: you who do have the TDS, you got to give
• 19:42
  Speaker 3: him props on this. He's killing it, man. He's killing
• 19:46
  Speaker 3: it in that arena. And y'all should be celebrating.
• 19:50
  Speaker 6: It.
• 19:50
  Speaker 3: Just the kids alone. Finding the kids alone is enough
• 19:54
  Speaker 3: for us to throw a wild celebratory party. Although there are, again,
• 20:00
  Speaker 3: tens of thousands of other kids who are flying under
• 20:03
  Speaker 3: the radar that we need to find as well. All right,
• 20:05
  Speaker 3: the Gateway Pundit has us on. Untamed Nation has us on.
• 20:08
  Speaker 3: Root for America has us on. Getter X, also, if
• 20:12
  Speaker 3: you want to go there. Wayne's Rumble has us on
• 20:15
  Speaker 3: as well. All of those outlets, if you want to
• 20:17
  Speaker 3: watch and or listen, the great radio stations across the
• 20:20
  Speaker 3: country have us on as well. All right, my name
• 20:23
  Speaker 3: is Lee Elsey. Email me, leelseyradio at gmail.com if you
• 20:26
  Speaker 3: want to join the program. If not, stick around. We'll
• 20:29
  Speaker 3: have a great conversation with our good pal Red Janky next.
• 20:32
  Speaker 3: Hang on.
• 20:42
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• 20:45
  Speaker 2: know how much I value my health and how much.
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• 22:04
  Speaker 3: Well, here we go, ladies and gentlemen. We're two, one
• 22:07
  Speaker 3: and a half hours in. We've got 25 minutes to go.
• 22:10
  Speaker 3: My name is Lee Elsie filling in for Wayne Allen Root.
• 22:13
  Speaker 3: And if you guys want to watch what we've got
• 22:15
  Speaker 3: going on, all kinds of cool places to do that, thegatewaypundit.com, untamednation.com,
• 22:20
  Speaker 3: and rootforamerica.com. Plus, Root's Rumble, his X, his Getter, all
• 22:25
  Speaker 3: those places have us on as well. So, My next guest,
• 22:29
  Speaker 3: he has written columns at every level. He's written for
• 22:33
  Speaker 3: the Wall Street Journal, Real Clear Politics, just to name
• 22:36
  Speaker 3: a few. He has a fantastic website that has his
• 22:39
  Speaker 3: latest column up. It's the-red-line.com. That's the-red-line.com. And all the
• 22:48
  Speaker 3: things that Red writes are up there. So help me
• 22:50
  Speaker 3: welcome Red Janke to the program. Red, thanks for coming on.
• 22:53
  Speaker 3: I appreciate it very much. How are you doing tonight?
• 22:58
  Speaker 4: Hey, I'm doing well. It's a pleasure to be here, Lee.
• 23:01
  Speaker 4: Thank you for the invitation.
• 23:03
  Speaker 3: Well, listen, you wrote a column a few weeks back,
• 23:06
  Speaker 3: and we talked about it a little bit on the
• 23:07
  Speaker 3: morning show, but I got to give it to the
• 23:10
  Speaker 3: national audience because it's so spot on. And people can
• 23:13
  Speaker 3: go up and they can read it on your website, d-red-line.com.
• 23:16
  Speaker 3: But I'm just going to get out of your way
• 23:18
  Speaker 3: because you do a wonderful job explaining some of this stuff.
• 23:21
  Speaker 3: So tell everybody what drove you to write this column
• 23:25
  Speaker 3: and just give everybody that 30,000-foot view to get us going.
• 23:31
  Speaker 6: Well, we've gone through just a massive amount of commentary
• 23:36
  Speaker 6: about the one big, beautiful bill in the mainstream media,
• 23:41
  Speaker 6: mostly critical and non-supportive, focusing in on its long-term.
• 23:51
  Speaker 4: Negative impact on deficits and debt.
• 23:54
  Speaker 6: The Congressional Budget Office has scored it as costing less.
• 23:58
  Speaker 7: $ 3. 4 trillion over the next decade. There's been some commentary
• 24:07
  Speaker 7: over that period of time about, and separately, about the
• 24:12
  Speaker 7: president's tariff program.
• 24:15
  Speaker 4: And people have also, for the most part, been critical.
• 24:21
  Speaker 6: However, if you put those two programs together, you wind
• 24:24
  Speaker 6: up with something that really hasn't been discussed. The Congressional
• 24:30
  Speaker 6: Budget Office scored the tariff program and said it was
• 24:33
  Speaker 6: going to produce revenue, positive revenue, of $ 3 trillion. The
• 24:40
  Speaker 6: two programs offset. These two programs are one.
• 24:46
  Speaker 4: They are one program.
• 24:49
  Speaker 6: There's a strategy behind this that really has gone unrecognized
• 24:54
  Speaker 6: in my reading in the mainstream press. So he wrote
• 24:57
  Speaker 6: a column saying MAGA is a plan. It's not just
• 25:01
  Speaker 6: a slogan.
• 25:05
  Speaker 3: So you think this was a plan from the onset?
• 25:07
  Speaker 3: Do you think Trump foresaw that this tariff money would
• 25:10
  Speaker 3: then sort of balance out the money that he was spending?
• 25:16
  Speaker 4: Well, in a.
• 25:17
  Speaker 1: Way, yes.
• 25:20
  Speaker 6: It's a lead pipe cinch that tariffs are going to
• 25:22
  Speaker 6: raise tariff revenues. And as of June, the tariff revenues
• 25:28
  Speaker 6: started picking up dramatically. If you look at the June number,
• 25:32
  Speaker 6: it's about $ 27 billion. On an annual basis, that's about $ 3.
• 25:37
  Speaker 4: 2 trillion.
• 25:38
  Speaker 6: Excuse me, $ 320 billion. And over 10 years, that's $ 3. 2.
• 25:44
  Speaker 4: There you have the math in June.
• 25:53
  Speaker 6: The tariff revenue was already offsetting what the officials in
• 26:00
  Speaker 6: Washington said was going to be the cost of the
• 26:03
  Speaker 6: one big, beautiful bill over the decade. So there you
• 26:09
  Speaker 6: have it. It's one program, one and the same. It
• 26:12
  Speaker 6: doesn't matter. It's curious to me that the president has
• 26:16
  Speaker 6: not articulated these two programs as a part of a
• 26:22
  Speaker 6: single strategy.
• 26:24
  Speaker 4: But they just are. Whether he articulates it or not,
• 26:28
  Speaker 4: they work together. Love and marriage, horse and carriage.
• 26:33
  Speaker 1: Yeah.
• 26:34
  Speaker 3: I mean, are these based, Red, on projections? What projections
• 26:39
  Speaker 3: are they based on? Because there's an assumption, too, that
• 26:42
  Speaker 3: comes along with tariffs that consumption will go down. So
• 26:46
  Speaker 3: if consumption goes down, does the profit from tariffs go
• 26:51
  Speaker 3: down as well? I would assume it would, but you
• 26:53
  Speaker 3: would know better.
• 26:57
  Speaker 6: Yeah, no, I think you're touching on why the strategy,
• 27:04
  Speaker 6: the overall strategy. Now, yes, I think just technically, I
• 27:08
  Speaker 6: don't know whether the Congressional Budget Office in its scoring
• 27:13
  Speaker 6: factored that in, that tariffs will restrain consumption.
• 27:20
  Speaker 4: But that's part of the plan, in my opinion.
• 27:24
  Speaker 6: Taken together, the one big beautiful bill reduces taxes on income,
• 27:31
  Speaker 6: on productivity. The tariffs raise taxes on consumption. So the
• 27:40
  Speaker 6: grand strategy is to move the nation from overconsumption into
• 27:46
  Speaker 6: a nation that is once again more productive. Taxes provide incentive.
• 27:53
  Speaker 6: And the more you tax something, the less of it
• 27:56
  Speaker 6: you get. So we'll get less consumption. That's good for
• 28:00
  Speaker 6: the nation. We should be instead producing.
• 28:04
  Speaker 3: Red Jackie is with us. And his column, his fascinating column,
• 28:08
  Speaker 3: is up on his website as we speak. And the website,
• 28:11
  Speaker 3: it's easy, the-red-line.com. And you can read about the offset.
• 28:18
  Speaker 3: of the big beautiful bill and some of the money
• 28:20
  Speaker 3: that we're spending and the debt supposedly that we're creating,
• 28:23
  Speaker 3: but offset by the possibility of tariffs. Is there any
• 28:26
  Speaker 3: chance before we get to something else, is there any
• 28:28
  Speaker 3: chance that the tariffs that he collects are even more,
• 28:33
  Speaker 3: maybe are they, are they estimating on a low side?
• 28:36
  Speaker 3: Can we see an explosion here? Do we make $ 6
• 28:39
  Speaker 3: trillion over 10 years, $ 8 trillion? Is that a possibility?
• 28:45
  Speaker 6: Uh, you're, I don't think anyone knows, uh, There's a
• 28:50
  Speaker 6: huge caveat here.
• 28:51
  Speaker 4: And let's just take today's news.
• 28:54
  Speaker 6: The Federal Appeals Court has just ruled that the tariffs
• 29:00
  Speaker 6: are out of bounds, that the president has overstepped his
• 29:04
  Speaker 6: authority under the law that he has cited as giving
• 29:08
  Speaker 6: him the authority. So this is all a program of
• 29:14
  Speaker 6: real uncertainty. But I think what needs our focus is
• 29:20
  Speaker 6: what he's trying to do. And I find what he's
• 29:23
  Speaker 6: trying to do, and whether it's one advisor or another
• 29:27
  Speaker 6: or the president himself thought this all up himself, this
• 29:32
  Speaker 6: is a grand strategy to change the entire direction of
• 29:37
  Speaker 6: the country. And if you look at most poll most
• 29:40
  Speaker 6: polls show that most people think we're on.
• 29:43
  Speaker 4: The wrong track.
• 29:45
  Speaker 6: Well, this is an effort, a very, very monumental effort
• 29:51
  Speaker 6: to shift the track of the whole nation. Less consumption,
• 29:56
  Speaker 6: more production. That's huge. And if the plan works out, production,
• 30:05
  Speaker 6: of course, creates more income. With more income at all levels, hopefully,
• 30:12
  Speaker 6: then you have less need for social programs. Everyone gets
• 30:20
  Speaker 6: wealthier and more productive, has more income. Now, that is
• 30:24
  Speaker 6: not to say there's not going to be a lot
• 30:26
  Speaker 6: of pain. I think the president said there's going to
• 30:28
  Speaker 6: be pain in this and prices are going to go up.
• 30:33
  Speaker 6: We can debate technically whether that is a function of
• 30:40
  Speaker 6: reignited inflation or it's a step change in price levels.
• 30:44
  Speaker 6: And there's a difference. But I'm not going to get
• 30:47
  Speaker 6: overly wonky with this. it's a grand strategy, and I
• 30:51
  Speaker 6: think we all should get behind the president in this effort.
• 30:55
  Speaker 3: Now, Red, you disagree with other economists as far as
• 30:58
  Speaker 3: the protectionism, and you feel like Trump's in the right,
• 31:02
  Speaker 3: other economists are in the wrong. Can you explain that
• 31:05
  Speaker 3: real quick?
• 31:09
  Speaker 6: Yeah, it's a little wonky, but we go back to
• 31:12
  Speaker 6: an economist of several centuries ago, David Ricardo, when he
• 31:18
  Speaker 6: compared England and Portugal in the production of cloth and wine.
• 31:26
  Speaker 6: So keep a distinction in your mind between absolute advantage
• 31:31
  Speaker 6: and comparative advantage. Portugal, he posited, had an absolute advantage
• 31:36
  Speaker 6: in both. A 10% advantage in cloth, a 50% advantage
• 31:43
  Speaker 6: in wine. Well, if you think about it, It makes
• 31:47
  Speaker 6: more sense for Portugal to produce just wine. They've got
• 31:52
  Speaker 6: a 50% advantage or profit margin. Why would they waste
• 31:57
  Speaker 6: any of their energy on cloth where they only have
• 32:00
  Speaker 6: a 10% advantage? If they don't produce cloth, then England
• 32:05
  Speaker 6: can produce cloth, even though it's got a slight disadvantage.
• 32:09
  Speaker 6: So what happens here is Portugal has a comparative advantage
• 32:14
  Speaker 6: in wine. and England has a comparative advantage in cloth.
• 32:21
  Speaker 6: All seems to work. However, it relies on two things,
• 32:24
  Speaker 6: two assumptions. One, there's no mobility of capital, and I'm
• 32:29
  Speaker 6: not going to explain that.
• 32:31
  Speaker 4: And two, that.
• 32:35
  Speaker 6: Each nation is going to operate rationally and follow that objective.
• 32:42
  Speaker 6: And it relies upon the idea that the two nations
• 32:45
  Speaker 6: have some general sense of parity.
• 32:51
  Speaker 1: Right.
• 32:51
  Speaker 6: So you have a difference of 10% and 50%. What
• 32:54
  Speaker 6: if Portugal has a 75% advantage in both?
• 32:59
  Speaker 4: It puts England out of business.
• 33:01
  Speaker 3: Out of business. Brad, listen, the music is playing. I
• 33:05
  Speaker 3: got to take a break. You want to stick around
• 33:06
  Speaker 3: one more segment with me?
• 33:10
  Speaker 4: Yeah, let's continue this. Again, I admit a little wonky.
• 33:14
  Speaker 3: That's okay. Wonky sometimes good. All right, we'll come right back.
• 33:17
  Speaker 3: Our good pal Red Janky is with us. You can
• 33:19
  Speaker 3: go to the-red-line.com to read what he's written. We'll come back,
• 33:24
  Speaker 3: talk a little bit more with him right here on
• 33:26
  Speaker 3: The War Zone. Stick around.
• 33:33
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  Speaker 3: All right, speaking of money, our good pal Red Janky
• 38:21
  Speaker 3: is joining us. His website is the-red-line.com. He's written a
• 38:26
  Speaker 3: brilliant column that I think you all should read. And unfortunately,
• 38:29
  Speaker 3: I had to cut him off in the middle because
• 38:31
  Speaker 3: of him giving you this sort of explanation of all that. So, Red,
• 38:36
  Speaker 3: if you want to reset that and give that, the
• 38:38
  Speaker 3: floor is yours, wherever you want to take us for
• 38:40
  Speaker 3: the end here.
• 38:44
  Speaker 1: Hey, Lee, thanks.
• 38:46
  Speaker 6: We were talking about free trade theory.
• 38:49
  Speaker 4: We went through the.
• 38:52
  Speaker 6: Conventional analysis that dates back to an economist several centuries ago,
• 38:56
  Speaker 6: David Ricardo, who made a distinction between absolute.
• 39:02
  Speaker 4: Advantage and comparative advantage.
• 39:04
  Speaker 6: And comparative advantage is the key in terms of the
• 39:08
  Speaker 6: supporters of free trade. But I posited that free trade
• 39:16
  Speaker 6: relies upon some degree of parity between the trading partners
• 39:21
  Speaker 6: that you're very roughly equals in most respects. So if
• 39:27
  Speaker 6: the US trades with Europe, we're on parity. And we
• 39:32
  Speaker 6: should trade in terms of comparative advantage. Europe may do
• 39:36
  Speaker 6: something more efficiently and productively than we do, and vice versa.
• 39:42
  Speaker 6: And thus, you have an advantage from free trade. But
• 39:48
  Speaker 6: enter China. And China has a 75% advantage in manufacturing,
• 39:58
  Speaker 6: and they crush our manufacturing sector. And we had reviewed
• 40:04
  Speaker 6: the fact that free trade in its origins had relied
• 40:08
  Speaker 6: upon the idea that capital is not mobile. Okay?
• 40:14
  Speaker 4: Well, what happened after.
• 40:16
  Speaker 6: China, and even before China joined the World Trade Organization,
• 40:21
  Speaker 6: its capital flooded into China to take advantage and leverage
• 40:27
  Speaker 6: its low-cost labor. And so we wound up with a
• 40:33
  Speaker 6: Chinese manufacturing juggernaut, and it decimated the US manufacturing sector,
• 40:42
  Speaker 6: illustrating that if capital is mobile, The real determinant of
• 40:47
  Speaker 6: free trade is labor cost. So we need to erect
• 40:54
  Speaker 6: some trade barriers, some protective barriers. Otherwise, all of our
• 41:00
  Speaker 6: manufacturing and production will go overseas to lower cost labor locations.
• 41:07
  Speaker 6: And here's a kind of, you know, paradox. The most
• 41:13
  Speaker 6: advanced nations Let's recognize the United States. We're going to
• 41:19
  Speaker 6: share the fruits of that advanced position across our entire society, right?
• 41:26
  Speaker 6: So that is going to be shared mostly through higher
• 41:31
  Speaker 6: labor rates. So what you take away from your advanced position,
• 41:40
  Speaker 6: it undermines the basis of your advanced position. As your
• 41:46
  Speaker 6: labor rates go up, your productive capacity goes overseas. So
• 41:54
  Speaker 6: we need to have a level of protectionism so that
• 41:57
  Speaker 6: does not happen. That's what the tariffs are all about.
• 42:01
  Speaker 6: They're to raise the barrier to entry so that we
• 42:10
  Speaker 6: can rebuild some degree of manufacturing and productive capacity in
• 42:16
  Speaker 6: this country.
• 42:18
  Speaker 3: Red, listen, good stuff, buddy. And perfect timing because we're
• 42:21
  Speaker 3: out of time. But I really appreciate you coming on
• 42:24
  Speaker 3: here on this Friday night and sharing some of your
• 42:27
  Speaker 3: thoughts with our great listeners from one coast to another.
• 42:29
  Speaker 3: And I just want to remind everybody, like I said,
• 42:32
  Speaker 3: Red's got a great column up right now, a whole
• 42:34
  Speaker 3: bunch of great columns up. Just go to the-red-line.com and
• 42:39
  Speaker 3: see it for yourself. and read his latest one about tariffs. Red,
• 42:42
  Speaker 3: thank you, buddy. Have a great weekend, okay?
• 42:47
  Speaker 4: You do the same, Lee. See you next week.
• 42:49
  Speaker 3: All right, brother, you got it. Everybody behind the scenes,
• 42:51
  Speaker 3: thank you all. You did a magnificent job, as always.
• 42:54
  Speaker 3: All the listeners, all the viewers, thank you very much.
• 42:57
  Speaker 3: One more day with me. So I know you got
• 42:59
  Speaker 3: Wayne withdrawal, but you got me on Tuesday. Wayne will
• 43:02
  Speaker 3: be back on Wednesday. Enjoy your Labor Day weekend. Until Tuesday,
• 43:05
  Speaker 3: I'll see you.
• 43:13
  Speaker 2: Hi, this is Wayne Allyn Root for Goldgate Capital.
• 43:15
  Speaker 3: What are you waiting for?
• 43:16
  Speaker 2: The world's on fire. America's in decline. Our borders are
• 43:19
  Speaker 2: under invasion. Inflation's still raging. World War III is upon us.
• 43:23
  Speaker 3: That's why everyone's.
• 43:24
  Speaker 2: Buying gold and silver.
• 43:25
  Speaker 5: The price of gold is nearing an all-time high. And
• 43:27
  Speaker 5: central banks, the smartest minds in the financial world, bought
• 43:30
  Speaker 5: the most gold in history in 2022. Then they bought
• 43:32
  Speaker 5: the most gold in history in 2023. And now they're
• 43:35
  Speaker 5: on pace to the all-time record. And who's buying the
• 43:37
  Speaker 5: most gold in the world?
• 43:38
  Speaker 2: China. They understand what's coming.
• 43:40
  Speaker 3: So.
• 43:40
  Speaker 2: What are you waiting for? Follow the smart money.
• 43:43
  Speaker 5: Colgate Capital sells physical gold and silver delivered right to
• 43:46
  Speaker 5: your door or inside your IRA, SEP IRA or 401k
• 43:49
  Speaker 5: retirement account.
• 43:49
  Speaker 2: 100% insured.
• 43:50
  Speaker 5: They have an A-plus rating with the Better Business Bureau
• 43:53
  Speaker 5: and only for my fans. If you tell them Wayne
• 43:55
  Speaker 5: Allyn Root sent you, Colgate Capital will give you up
• 43:57
  Speaker 5: to $ 15, 000 in.
• 43:58
  Speaker 2: Free silver for opening a qualified gold IRA account. Call
• 44:01
  Speaker 2: Goldgate today.
• 44:02
  Speaker 5: Tell them we sent you 855-770-GOLD, 855-770-GOLD, 855-770-GOLD, or go
• 44:04
  Speaker 5: to goldgatecapital.com.