Latest / Cultural Wars | America Out Loud News / Dow reaches record high! Is weakening the dollar a strategy to pay down US debt?

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Dow reaches record high! Is weakening the dollar a strategy to pay down US debt? · Cultural Wars | America Out Loud News

• 0:11
  You're listening to the Hidden Lightness on America Out Loud Talk Radio.
• 0:15
  I'm your host, Jimmy Hinton.
• 0:17
  Well, we did it, folks, on Friday.
• 0:20
  Dow Jones hit an all-time record high at 50,000.
• 0:28
  And now Trump is predicting that it's going to reach 100,000 by the time he leaves office.
• 0:35
  He claims that he was right about everything.
• 0:39
  Well, this is a pretty big claim.
• 0:42
  And I want to dig a little bit deeper into what's going on with the stock market.
• 0:47
  And was Trump right about everything?
• 0:51
  Is that a good claim?
• 0:53
  Is a stock market going to crash?
• 0:55
  Is it going to keep going up?
• 0:58
  You know, people are always trying to figure it out.
• 1:01
  They're always trying to sell the top and buy the bottom.
• 1:05
  And if you remember, before President Trump took office, a lot of people were predicting, including economists, that the stock market was going to crash.
• 1:16
  And when he first took office, if you remember, it dropped by about 20%.
• 1:23
  And that's a time when, if you recall, you can go back and listen.
• 1:28
  I was saying I would buy, buy, buy.
• 1:32
  This is the time to buy.
• 1:35
  You buy when when people are panicking, the stock market's going down.
• 1:40
  That's definitely the time to buy.
• 1:43
  And uh not to use Trump's language, because I'm not right about everything, but I was certainly right about that.
• 1:53
  And you have to understand what President Trump is trying to do.
• 1:58
  And we're going to get into the nuts and bolts of that because he's not as erratic as he appears to be.
• 2:06
  And he's actually very smart when it comes to the economy.
• 2:12
  And he definitely says a lot of lies.
• 2:19
  Like we've raked in trillions of dollars in tariff revenue.
• 2:24
  That's simply not true.
• 2:26
  That's just 100% a falsehood.
• 2:31
  But I believe that he has a plan behind that.
• 2:33
  And I'm not saying that that's right.
• 2:35
  Don't get me wrong.
• 2:37
  I don't advocate for lying.
• 2:40
  But I think that if we look a little bit deeper, he has a pretty aggressive plan to pay off the national debt.
• 2:51
  And I truly believe that that's his goal.
• 2:55
  Now he won't come out and say that because he wants to maintain that element of surprise.
• 3:02
  He wants people to be shocked.
• 3:05
  He constantly does things that leaves people with their jaw on the floor.
• 3:10
  Like, are you serious?
• 3:14
  And not all of that is driven by his narcissism.
• 3:20
  I think he legitimately has a plan, especially when it comes to the economy.
• 3:25
  Now, I'm not standing behind that and saying that this is what I would do.
• 3:32
  Because I think it's a big big gamble.
• 3:35
  I mean a big gamble.
• 3:39
  But when you look at our debt, look at our national debt and how out of control it is.
• 4:02
  Now I'm going to take a much, much deeper look at this because we really have to put everything into context.
• 4:10
  And I'm looking now at the US debt clock.org.
• 4:16
  That's the uh it's it's the unpartisan, unbiased, nonpartisan website that shows it tracks the U.S.
• 4:27
  national debt in real time.
• 4:29
  And I'm finding something really interesting.
• 4:32
  I haven't looked at this in in probably a few months, but I'm finding something interesting.
• 4:36
  They used to have a doge clock.
• 4:39
  And it was the the amount of savings that uh that doge, the yeah, the department on uh I forget what it stands for, but the department on basically cutting uh waste out of the budget.
• 4:55
  They used to have a doge clock.
• 4:56
  The doge clock is gone, and I find that really fascinating.
• 5:03
  And in its place, they put a tariff revenue clock.
• 5:09
  And uh I'm looking at it now.
• 5:11
  We're looking at 373 billion dollars in tariff revenue, and it's going up really, really rapidly.
• 5:20
  And uh beside it, beside the tariff revenue clock, it has revenue per taxpayer.
• 5:31
  And you hear a lot about the the dividend checks.
• 5:35
  Trump says we're gonna cut a dividend check because we're just bringing in trillions of dollars in tariff revenue, but the the actual revenue per taxpayer is sitting at 3,000, about 3,200, a little over 32, almost 3300 per taxpayer.
• 5:56
  And uh that's kind of interesting because just about a month or two ago, it was well below 2,000.
• 6:05
  Economists were saying, well, there's he couldn't cut a $2,000 check if he wanted to, because the revenue is just not there.
• 6:13
  Well, now it is.
• 6:51
  He's a loser, he's you know, he's a dork wad.
• 6:55
  He's uh he needs to be gone.
• 6:59
  Uh Trump has him under criminal investigation, like he's doing everything in his power to shake Jerome Powell out of his position.
• 7:08
  And of course, we just had our latest rate decision, and the Federal Reserve decided to not lower interest rates.
• 7:19
  That didn't sit well with President Trump.
• 7:22
  In fact, that didn't sit well at all.
• 7:26
  He got, I I would I would argue almost to the point of being belligerent because we didn't lower interest rates, and you have to ask yourself why.
• 7:39
  Is it because he's he's just a narcissist?
• 7:41
  Is it because he's uh he's a hothead?
• 7:45
  What's the reason?
• 7:46
  Why is he so adamant that we have to lower the interest rates, that the Federal Reserve has to lower interest rates?
• 7:54
  Well, these are all things that we're gonna take a look at, and I want to explain why, as the dollar weakens, the stock market goes up.
• 8:05
  And that's also part of I believe Trump's plan.
• 8:10
  You weaken the dollar, the stock market screams in response to that in a good way.
• 8:18
  The stock market's doing really well.
• 8:20
  I believe it's gonna continue to perform really well so long as the dollar continues to weaken, and that's exactly what President Trump wants.
• 8:29
  He wants the dollar to weaken.
• 8:31
  The question is, why?
• 8:34
  Why is he pushing so hard for the dollar to weaken?
• 8:38
  And one of the ways, one of the big ways that you weaken the dollar is by having the Federal Reserve lower the interest rates.
• 8:46
  When you do that, the dollar by nature, it weakens.
• 8:51
  Well, lo and behold, I found an article that was just written a couple of weeks ago by Thomas Huckabee.
• 8:59
  And the title of the article is the Trump Administration Trying to Weaken the Dollar on Purpose.
• 9:08
  And I'll read just a little bit about this.
• 9:11
  Uh let's uh I'm gonna skip around a little bit, so bear with me here.
• 9:16
  Um let's see, Trump was interviewed about the dollar's weakness, and he views that as being positive, even if it even as it fell to its lowest level in four years against the basket of other major currencies.
• 9:34
  Trump told reporters, I think it's great.
• 9:38
  Look at the business we're doing.
• 9:40
  The dollar's doing great.
• 9:43
  The dollar's doing great.
• 9:45
  The dollar is in free fall.
• 9:47
  The dollar this week is uh it's already very weak.
• 9:54
  I believe it's gonna continue to weaken.
• 9:56
  I I trade um 4X for X.
• 10:00
  And exchange currencies.
• 10:02
  So I click I keep a close look at the dollar at what the dollar's doing because that determines what the other currencies are doing.
• 10:11
  And Trump is saying, well, the dollar's doing great.
• 10:15
  He doesn't mean the dollar is strong.
• 10:17
  What he means is the dollar's doing exactly what I want it to do.
• 10:23
  Thomas Huckabee goes on to say a weaker dollar isn't random.
• 10:28
  It's deliberate policy that can make exports cheaper, boost manufacturing, and improve trade competitiveness.
• 10:40
  But currencies run on confidence and political pressure or uncertainty can trigger rapid capital movement.
• 10:51
  Recent article in NPR titled Trump Thinks a Weaker Dollar is Great for America.
• 10:56
  Is he right?
• 10:59
  With nearly 40 trillion dollars, that's with a T of national debt.
• 11:11
  Again, like I said, this is a gamble.
• 11:16
  And I don't particularly like gambling.
• 11:20
  I like whenever we have certainty.
• 11:22
  I like when there's um some predictability.
• 11:26
  But I think President Trump gets bored with predictability.
• 11:30
  And he wants there to be unstability.
• 11:34
  And that's a little bit dangerous.
• 11:38
  But it also can be advantageous for America.
• 11:51
  While increased borrowing costs make debt service more expensive.
• 11:56
  A dangerous combination.
• 11:59
  The Instagram account study um study why the rich recently highlighted this double-edged reality.
• 12:16
  Foreign investment fight flight and combat compounding debt burdens.
• 12:24
  It's a strategic trade-off with significant consequences either way.
• 12:30
  All right, so those are kind of the dangers.
• 12:34
  As the dollar weakens, you you risk other countries not wanting to do business with America, or at least not wanting to invest in America.
• 12:46
  But there is an upside.
• 12:49
  Here's the upside.
• 12:52
  And this is according to Thomas Huckabee.
• 12:55
  Here's the payoff.
• 12:58
  He calls it the upside.
• 13:00
  Why weaken the dollar?
• 13:05
  Number one, it boosts American exports.
• 13:09
  A weaker dollar makes U.S.
• 13:11
  products cheaper and more competitive in foreign markets.
• 13:15
  We can export the living daylights out of things.
• 13:20
  Our products become very attractive to export.
• 13:26
  You know the whole made an America agenda?
• 13:29
  America first, made Amer made in America.
• 13:33
  That's not just for Americans to purchase American goods.
• 13:38
  President Trump wants other countries to purchase American goods.
• 13:42
  He wants to trade with other countries.
• 13:46
  Number two, it curbs foreign imports.
• 13:50
  At the same time that we want to export, we want to import less.
• 13:56
  Foreign goods become more expensive.
• 13:59
  And that encourages domestic purchasing and helping U.S.
• 14:03
  manufacturing.
• 14:04
  If you start to notice things that we used to buy from China that were dirt cheap, they're not so cheap anymore.
• 14:14
  It is driving inflation up.
• 14:18
  Temporarily, inflation is going up.
• 14:21
  Now you hear President Trump say, oh, inflation, the numbers are great.
• 14:24
  They're wonderful.
• 14:24
  It's the best that it's ever been.
• 14:27
  Well, you and I both know, as Americans, we feel the inflation.
• 14:33
  Inflation is not better since President Trump took office.
• 14:37
  It's worse.
• 14:39
  I just got a statement, for example.
• 14:42
  I got a statement for my um, it's the medical bill sharing that I uh that my wife and I participate in.
• 14:50
  We just had a 17% increase from December to January.
• 14:57
  17%.
• 15:00
  You want to talk about inflation, hyperinflation.
• 15:05
  Normal inflation is 3%.
• 15:08
  Two to three percent.
• 15:11
  We just got a 17% inflation on one bill.
• 15:14
  That's just one bill.
• 15:17
  Our electric has gone absolutely insane here in Pennsylvania.
• 15:24
  In fact, just do a search.
• 15:25
  I've not done this.
• 15:26
  Uh maybe I'll do it here while I'm talking to you.
• 15:30
  Here we go.
• 15:31
  I just looked it up.
• 15:32
  Pennsylvania electric rates are rising significantly in 2026.
• 15:38
  Following substantial hikes in 2025, they already went insanely high in 2025, with typical resident bills increasing by 10 to 20% due to surging capacity costs.
• 15:56
  We already had probably more than 20% raises in our electric bill in 2025.
• 16:02
  Now we have a 10 to 20% more surge in capacity cost.
• 16:10
  That's going to be passed on to the residents.
• 16:12
  It already is.
• 16:42
  Now the inflation is not going to be permanent.
• 16:46
  He's intentionally creating inflation.
• 16:49
  This is my theory.
• 17:03
  Well, we're coming up on a break.
• 17:04
  We will break this down after the break here and talk about it more.
• 17:08
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• 19:42
  President Trump is predicting that the Dow is going to go to 100,000 by the time he leaves office.
• 19:51
  He claims that he was right about everything.
• 19:55
  Well, the question is is that really going to happen?
• 19:59
  And
• 20:00
  And uh, you know, and uh I'm not uh emotionally responsive here.
• 20:07
  You know, the reality is nobody really knows.
• 20:10
  I don't care what economists say, nobody knows.
• 20:13
  They can't predict the future.
• 20:15
  But what we can do is we can look at patterns, and we can take a deeper look at what we think President Trump is up to and what he's doing.
• 20:23
  He's been making a lot of very big claims, but he's also been pretty aggressive.
• 20:29
  He's been very aggressive against Federal Reserve Chair, Jerome Powell, talking about what a loser he is, and he needs to get rid of them.
• 20:39
  Uh, he put him under invest uh uh uh criminal investigation, which I think is absolutely absurd, and I think President Trump knows it.
• 20:50
  And he's trying to shake him out, and the question is why?
• 20:54
  What's he up to?
• 20:56
  And why does it matter for us?
• 21:00
  Well, there's an argument for President Trump weakening the dollar and doing that on purpose, and the dollar is weakening.
• 21:09
  It's it's weakened very substantially, and traditionally, as the dollar weakens, the stock market strengthens.
• 21:20
  And uh we have to look at the why.
• 21:23
  Why would he weaken the dollar?
• 21:25
  So this is an article that I started reading and kind of highlighting some points before the break here.
• 21:31
  It's by Thomas Huckabee, and the title of his article is Is the Trump Administration Trying to Weaken the Dollar on Purpose?
• 21:40
  It was written just a couple weeks ago, so this is very fresh.
• 21:45
  People have been talking about this for a long time.
• 21:48
  And I want to talk about why it's relevant for us.
• 21:53
  Well, the upside to weakening the dollar is this.
• 21:58
  Number one, it boosts American exports.
• 22:00
  We talked about this before the break.
• 22:02
  Number two, it curbs foreign imports.
• 22:06
  We have less imports coming into the country.
• 22:11
  Number three, it corrects currency overvaluation.
• 22:17
  The US dollar is considered overvalued against major currencies, such as the yen and the euro.
• 22:25
  And it corrects that overvaluation of the US dollar.
• 22:31
  All right, what's the downside?
• 22:32
  What are what are the risks?
• 22:35
  Number one, it scares away foreign investors.
• 22:40
  Perceived instability and attacks on the Federal Reserve can crack confidence, causing capital to flee out of the U.S.
• 22:50
  economy.
• 22:52
  Number two, it risks higher inflation and borrowing costs.
• 22:58
  A falling dollar can lead to rising prices and more expensive borrowing.
• 23:04
  Number three, it worsens the 40 trillion dollar US debt.
• 23:10
  Higher borrowing costs make managing the massive national debt even more difficult.
• 23:17
  And there's kind of a double-edged sword with that, because in the long run, it actually helps to pay down the national debt.
• 23:27
  When you have cheaper US dollars, and we'll get into the nuts and bolts of that too.
• 23:34
  Uh it it really temporarily increases the debt, and then it makes it easier to pay it off.
• 23:43
  The market signal.
• 23:44
  Um the authors study why they rich posts suggests that the dollar's recent decline due to multi-year lows and the muted government response indicate the intentional policy direction rather than an unwanted development.
• 24:02
  The calm acceptance signals that the dollar weakness may be a deliberate strategic choice with currency markets anticipating policy shifts before formal legislation is enacted.
• 24:17
  All right, again, why weaken the dollar?
• 24:23
  Why a weakened dollar matters.
• 24:27
  You have cheaper exports, and and you tend to gain if we can export much more, if we can increase the exports, that brings in more tariff revenue, that brings in um just more revenue altogether.
• 24:48
  It reduces the cost of U.S.
• 24:50
  goods for foreign buyers.
• 24:52
  It increases the demand.
• 24:54
  Lower prices for overseas customers can boost global demand for American products.
• 25:02
  And also the volume of exports typically increases more quickly than domestic production in response to a weaker dollar.
• 25:12
  You see, Trump knows, he knows all this.
• 25:15
  He's not a stupid guy.
• 25:18
  As we mentioned, the imports become more expensive.
• 25:22
  It drives businesses into the United States of America.
• 25:28
  And we're starting to see this.
• 25:30
  I've in fact I've done a couple shows on this.
• 25:32
  We're seeing an increase of the number of businesses who are saying, hey, we're going to invest trillions in the U.S.
• 25:38
  economy over the next five years.
• 25:41
  We have companies from overseas that are building plants here in the United States.
• 25:46
  They're moving their workforces to the United States of America.
• 25:51
  And this is not accidental.
• 25:56
  All right, it's not an accident that President Trump is doing this.
• 25:59
  He's not just doing this by the seat of his pants.
• 26:02
  And a lot of people want to think that he's doing that.
• 26:04
  A lot of reporters are reporting that.
• 26:06
  And they're like, what is he thinking?
• 26:08
  He's out of his mind.
• 26:08
  These tariffs are stupid, and he's a maniac.
• 26:12
  He's out of control.
• 26:14
  Congress needs to rein him in.
• 26:20
  Maybe there's some truth to that.
• 26:24
  But a lot of what he's doing theoretically is very, very intentional.
• 26:32
  And I've got to tell you, if the gamble pays off, it'll be a big, big, big win for America.
• 26:42
  Our national debt is absolutely out of control.
• 26:47
  It's it's unbelievable.
• 26:50
  It's impossible to pay it off right now.
• 26:53
  Unless something very dramatic changes, it's an impossibility to pay the national debt down.
• 27:01
  The interest alone is absolutely ballooning.
• 27:05
  It's reached a tipping point.
• 27:07
  Compound interest has turned into a freight train that's out of control.
• 27:14
  And we've got to get a grip on it.
• 27:17
  And it takes very, very drastic measures.
• 27:32
  And again, he claims that he was right about everything.
• 27:36
  Because of course, why not?
• 27:40
  President Trump said on Sunday that he was predicting the Dow Jones industrial average to reach 100,000 by the time he leaves the White House in January 2029.
• 27:50
  That means that the stock market would effectively double.
• 27:59
  That means your investments.
• 28:03
  If you have investments in the Dow Jones, they would effectively double in the next three years.
• 28:10
  This is a very big claim.
• 28:12
  But the question is, is it possible?
• 28:15
  Well, the answer is anything is possible.
• 28:19
  Will it actually happen?
• 28:21
  Nobody knows.
• 28:24
  But this is very, very interesting.
• 28:26
  As I mentioned, the Dow closed past 50,000 on Friday for the first time ever.
• 28:34
  Here's what Trump had to say.
• 28:36
  Record stock market and national security driven by our great tariffs.
• 28:43
  I'm predicting 100,000 on the Dow by the end of my term.
• 28:49
  He wrote that on Truth Social at the close of last week.
• 28:54
  He went on to say, in all capitals, of course, in very Trump style.
• 29:00
  Remember, Trump was right about everything.
• 29:04
  I hope the United States Supreme Court is watching.
• 29:09
  Again, very bold claims.
• 29:14
  And I really believe this is a gamble.
• 29:18
  And I can't believe I'm staying this, but the gamble is going to be worth it if it works.
• 29:26
  And that's a big if.
• 29:27
  Don't get me wrong.
• 29:29
  I'm not a fan of gambling.
• 29:30
  I don't think gambling is the right thing to do, not when it comes to the future of America.
• 29:37
  But we also have to realize that he's not a dumb person, that he does surround himself by the best economists.
• 29:48
  He's a businessman himself.
• 29:52
  He's very good at cutting deals with people.
• 29:56
  We know that to be true.
• 29:58
  We've seen a lot of deals that he's cut.
• 30:00
  With companies, with other countries.
• 30:05
  So this article, this is a Fox Business News article.
• 30:08
  It says the tariff costs were found to be largely absorbed by American consumers and businesses rather than by foreign exporters, according to economists.
• 30:21
  Hence the inflation.
• 30:25
  It's the inflation that I just mentioned.
• 30:27
  We can feel it.
• 30:27
  We know it.
• 30:29
  All of us, we feel major inflation.
• 30:34
  A study published last month by the Keel Institute for the World Economy found that about 96% of tariff costs were taken on by Americans.
• 30:51
  Trump had made an identical post on Friday night, as well as a separate post that also credits himself for the Dow's closing.
• 31:00
  Because, of course.
• 31:05
  You know, it's like I said, the narcissism is uh it's on full display here.
• 31:12
  There is no question that he has narcissistic tendencies at least.
• 31:20
  I mean, he thinks a lot of himself.
• 31:25
  But as crazy it is as crazy as it is.
• 31:29
  He's also not random.
• 31:31
  He knows what he's doing.
• 31:33
  He has a plan.
• 31:37
  Um he wrote this.
• 31:42
  The experts said, he put in in quotes, the experts and quotes.
• 31:47
  The experts said that if I hit 50,000 on the Dow by the end of my term, I would have done a great job.
• 31:55
  But I hit 50,000 today, three years ahead of schedule.
• 32:00
  Remember that for the midterms because Democrats will crash the economy.
• 32:06
  He wrote that just on Friday.
• 32:10
  He definitely excuse me, he definitely likes the drama.
• 32:16
  He likes to crank up the drama.
• 32:21
  But the question is, is he right?
• 32:24
  Is he actually right?
• 32:26
  Is this a good move?
• 32:30
  And I would argue that yes, a weaker dollar can help pay off the outstanding debt.
• 32:38
  But the mechanism is it's indirect, and it depends heavily on the type of debt.
• 32:46
  So man, it I'm telling you this is such a gamble.
• 32:53
  It's possible to aggressively pay down the national debt.
• 33:00
  Many economists' strategists argue that it's very likely that a weaker dollar is part of a strategy to manage the national debt.
• 33:10
  Politicians, including President Trump, rarely say, hey, we you know, we want to weaken the dollar to default on our debts because it panics the markets, right?
• 33:23
  They're not going to come out and say that.
• 33:27
  But they do at the same time advocate for a weaker dollar to boost exports or to bring back manufacturing.
• 33:37
  And the convenient side of that policy is that it does help wash away the national debt.
• 33:47
  So how does that exactly work?
• 33:50
  The economists call it financial repression.
• 33:54
  It's a way to pay off massive government debt without actually cutting spending or raising taxes.
• 34:01
  Both of those are very politically unpopular.
• 34:06
  Nobody wants to pay more taxes, none of us do.
• 34:11
  But you also don't want to cut too much spending.
• 34:14
  Look at what happened with Doge.
• 34:16
  I mean, the world was outraged.
• 34:20
  There were even conservatives that were outraged.
• 34:24
  Heck, I mentioned things that I thought were terrible.
• 34:29
  You know, they cut um aid to people with AIDS and different debilitating diseases.
• 34:38
  They cut medication, they cut food to countries that absolutely 100% depend on it.
• 34:45
  And I don't think what Doge did was all good.
• 34:49
  I just don't.
• 34:52
  So the strategy of weakening the dollar, it allows us to continue to sp to spend at the current rate.
• 34:59
  But it also allows us to do that without raising taxes.
• 35:05
  So the government owes, you know, it's a good what, 38 trillion dollars.
• 35:11
  And that's fixed in nominal dollars.
• 35:16
  So for example, if the government hypothetically, if the government owes a hundred dollars, and it intentionally makes the dollar worth less, so that that 100 only buys 80% or sorry, 80 dollars worth of goods.
• 35:34
  It has effectively defaulted on 20% of the debt without technically breaking a contract.
• 35:43
  So Trump is historically viewed a strong dollar as a disadvantage for U.S.
• 35:48
  manufacturers.
• 35:51
  It makes our cars and our steel more expensive abroad.
• 35:57
  And he's constantly pushing for a weaker dollar, and that achieves two goals.
• 36:03
  Number one, it makes U.S.
• 36:05
  exports cheaper, helping close the trade deficit that we have.
• 36:13
  And it increases inflation.
• 36:15
  Now, you'd you're like, why would Trump want to increase inflation?
• 36:20
  Because what that does is it erodes the real value of the national debt.
• 36:26
  And that inflation is meant to be temporary.
• 36:31
  Now, Trump, again, he's no dummy.
• 36:36
  He's gonna keep saying he's gonna keep repeating the lie often enough that oh, you know, inflation is the best that it's ever been.
• 36:44
  He knows that's not true.
• 36:47
  But if you repeat something enough times, people eventually begin to believe it.
• 36:54
  And again, it's a big gamble, so temporarily increasing inflation to pay off the national debt.
• 37:02
  It may just be no pun intended, the Trump card that America needs right now.
• 37:09
  We'll find out.
• 37:12
  But boy oh boy, is he playing with fire?
• 37:15
  Well, we're coming up on another break here.
• 37:18
  After the break, we're gonna talk about what you and I can do because that's the most important thing.
• 37:23
  The reality is inflation is going up.
• 37:25
  Whether we like it or not, we can cry, we can protest, we can scream, we can shout, we can yell.
• 37:31
  We can do all of that.
• 37:34
  And that's not gonna do one darn thing to lower inflation.
• 37:40
  So what can we, the American people, do about our own personal inflation?
• 37:46
  More about that after the break.
• 37:47
  All of our shows go to podcasts the next day after the broadcasts heard on Talk Radio.
• 37:52
  You can find them on your favorite podcast app, rate the show, share it, and browse the store at AmericaOutLoud.news, use the code out loud for 20% off.
• 38:02
  When we come back, we'll talk about what you and I can do.
• 38:05
  We'll be right back.
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• 39:25
  A man's country is not a certain area of land of mountains, rivers, and woods.
• 39:31
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• 39:36
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  America outloud.
• 39:52
  To the outlook.
• 40:00
  President Trump claims he was right about everything.
• 40:04
  And that the Dow Jones will reach 100,000 by the time he's done with his third or sec, sorry, second term in the next three years.
• 40:14
  So the question is, is it possible for the Dow Jones to climb by 50%?
• 40:22
  Is it possible for the Dow Jones to reach 100,000?
• 40:28
  It just reached an all-time high on Friday of last week.
• 40:32
  Can it go up?
• 40:34
  Will it go up?
• 40:36
  Of course, the answer to that is nobody knows if we're being honest.
• 40:40
  Nobody knows.
• 40:42
  It could go into a big correction.
• 40:44
  Anything could happen.
• 40:46
  A war could start at any time.
• 40:47
  I mean, there are a lot of different factors.
• 40:49
  We just don't know.
• 40:52
  And that's kind of the point for this part of the podcast is that we tend to try to control the things that we have no control over.
• 41:02
  For example, the Super Bowl.
• 41:05
  How many people got outraged on both sides of the aisle?
• 41:12
  Both the political right and the political left.
• 41:16
  They got absolutely outraged at the halftime show.
• 41:22
  I watched the Super Bowl.
• 41:24
  I watched the halftime show.
• 41:26
  I typically don't, I don't even watch Super Bowl because I just I don't care.
• 41:30
  The only reason I was watching is because I have a son who was interested, and he turned it on, so it was kind of in the background.
• 41:39
  But I I saw the entire Super Bowl.
• 41:43
  I saw the halftime show.
• 41:46
  I didn't like it.
• 41:47
  It wasn't definitely not my style.
• 41:52
  But I read some of the things that people were writing about bad bunny, and it's just the worst, and it's terrible, and America needs to go on strike, and like people just absolutely outraged and just spending so much time writing about the halftime show that literally lasted a few minutes.
• 42:15
  I've seen a lot worse.
• 42:18
  You know, uh the President Trump put a big long post about it.
• 42:23
  I didn't, you couldn't understand one word he was saying.
• 42:26
  Well, that's because he was speaking in Spanish.
• 42:31
  If you speak Spanish, you would understand what he was saying.
• 42:36
  You know, but people, they were just it's like this manufactured outrage over something that we have no control over.
• 42:45
  And quite frankly, didn't affect my personal life one little bit.
• 42:52
  After the halftime, my my family didn't melt down, we didn't disappear, we didn't uh, you know.
• 43:00
  We weren't we weren't forced into hiding.
• 43:03
  It literally had zero impact on my life whatsoever.
• 43:10
  And I will almost guarantee that that's the case for virtually every single American.
• 43:18
  It literally had zero impact on your life.
• 43:24
  None whatsoever.
• 43:27
  And yet people tend to get outraged about the things that we have no control over.
• 43:34
  That's where people spend their most time.
• 43:36
  That's where the blood vessels pop out of their forehead, they get so angry, and well, we need justice.
• 43:44
  Here's the justice.
• 43:48
  And you know, it works quite well for me.
• 43:52
  You don't like bad bunny?
• 43:56
  Don't listen to him.
• 43:58
  Don't consume his music.
• 44:01
  It's as simple as that.
• 44:05
  I'm not a Swifty, I don't consume Taylor Swift's music because I just I don't care for her style.
• 44:14
  Um not a fan.
• 44:19
  She has zero impact on my life, and yet Americans get outraged, just so angry.
• 44:27
  Did you hear that she said blah blah blah?
• 44:31
  Like, oh no, I didn't, and I don't care.
• 44:36
  I don't care what she said.
• 44:38
  It's irrelevant.
• 44:42
  But yet a lot of Americans they're not capable of making that separation and realizing that none of these people really matter.
• 44:51
  Did you hear that Jim Carrey whatever it was?
• 44:54
  No, I didn't, and I don't care.
• 45:00
  Jim Carrey or whoever else has the same freedoms that we all have to be able to say what we want, to express your opinion.
• 45:09
  Jim Carrey can draw all the paintings that he wants of President Trump, all the caricatures.
• 45:15
  He's free to do that.
• 45:19
  Doesn't affect my life.
• 45:23
  You know, it it doesn't affect really anybody's life.
• 45:29
  Who cares what he draws, what he says?
• 45:33
  And on and on it goes, you know, pick a person.
• 45:37
  It really doesn't matter.
• 45:39
  Did you hear then, you know, with politicians?
• 45:42
  Did you hear that so-and-so said whatever?
• 45:47
  Nope.
• 45:48
  And even if I did, it wouldn't change one single iota of a way that I treat my family, the amount of time that I spend with my kids.
• 46:01
  It's not worthy of a dinner conversation.
• 46:04
  We don't talk about what the latest entertainer said or did.
• 46:10
  You know, we don't talk about those things over dinner.
• 46:12
  Instead, we talk about how our days were.
• 46:16
  What happened in your day?
• 46:18
  How are you coping?
• 46:20
  How are you, how are you getting along?
• 46:24
  And I think we need to learn to separate these kinds of things.
• 46:27
  And when it comes to the the national debt, all right, because this is a pretty big deal, and it does affect Americans definitely to a point.
• 46:39
  Yeah, the average debt uh per American is something like six, you know, it's a little over six thousand dollars that we all owe.
• 46:48
  I mean, men, women, and children.
• 46:53
  We all owe a a very hefty debt.
• 46:57
  And it's increasing every single day.
• 47:00
  So to me, these are the issues that matter, and we're not gonna change the national debt by barking about how bad Orange Man is, right?
• 47:10
  We're or Biden or whoever.
• 47:15
  That's not gonna change the national debt by one single penny.
• 47:22
  What we do, what we say on social media, it's gonna have exactly zero impact on the national debt, even with our own personal debt.
• 47:36
  Uh, with inflation, with the high utility bills.
• 47:41
  We can complain on social media all day long about it, but it's not gonna change the fact that all of our utilities are going up.
• 47:50
  They just are.
• 47:53
  And as long as the dollar weakens, they're gonna continue to go up.
• 47:59
  That it's we're not gonna stop it.
• 48:01
  So the question is, what do we do about it?
• 48:04
  What influence do we have, and where should we spend our time?
• 48:09
  Where do we spend our time and our energy?
• 48:13
  What do we focus on?
• 48:16
  And that's why I talk a lot about our personal debt and our personal budget.
• 48:22
  That we actually do have control over.
• 48:26
  We have a lot of control over our own personal finances, and yet that's the one area where most Americans don't put a lot of their focus.
• 48:38
  They're so worried about other people, they're worried about the other millionaires.
• 48:42
  The left has certainly gone out of their way to get people brainwashed to thinking that it really matters whether other people are wealthy or not.
• 48:51
  Those oligarchs, you know, boy Boiney Sanders going on his oligarchy tour.
• 48:59
  Who cares how much money other people make?
• 49:03
  I'm not worried one little bit about how much or how little somebody else makes.
• 49:11
  Except that when somebody makes too little and they're unemployed or they're homeless or whatever, then it's our job, it's our duty to step in and help them.
• 49:24
  That's when I worry about it.
• 49:27
  But when it comes to wealth, I don't I don't care if you're a billionaire and you live in the the house across the street from me.
• 49:36
  That does not affect my life one little bit.
• 49:40
  I'm not jealous, I don't care.
• 49:46
  And that's where Americans need to focus on themselves.
• 49:50
  We need to focus on our own personal finances and get our own houses in order because life is getting harder, and that's just.
• 50:00
  A fact.
• 50:02
  As far as it relates to inflation.
• 50:07
  But there's kind of this counterbalance where as inflation goes up, the irony is that so does the stock market.
• 50:16
  And so the question is are we investing and putting our dollars to work?
• 50:23
  Or are we getting farther and farther and farther behind?
• 50:30
  You see, I think all this stuff is one big fat distraction.
• 50:36
  This manufactured outrage about the wealthy people.
• 50:40
  I'm looking at the U.S.
• 50:41
  debt clock.org.
• 50:45
  There's just over 24 million millionaires in the United States.
• 50:52
  It's not a whole lot.
• 50:54
  It's not a significant portion of our population.
• 51:00
  That number's increasing by the day, but a millionaire used to be, you're like, wow, if you're a millionaire, you're doing really well.
• 51:08
  Now a millionaire is like it's it's the new triple digits.
• 51:15
  You know, because of inflation, it's not all that impressive if you're a millionaire.
• 51:23
  The average American thinks that they need one point, about 1.5 million dollars whenever they retire just to be able to make it.
• 51:31
  Yet the median amount that people have in their in their retirement accounts tops out at 200,000.
• 51:43
  The highest median retirement savings falls within the age bracket of 65 to 74.
• 51:53
  And it's only 200,000.
• 51:58
  And so are we getting distracted by all the outrage, the manufactured outrage, getting angry at all these millionaires.
• 52:08
  They're ripping us off, and these CEOs.
• 52:11
  Who cares what a CEO is making at any company?
• 52:18
  I don't even want to know.
• 52:20
  Because I just don't care.
• 52:25
  We've got to get control of our own finances.
• 52:30
  We have so much control over that.
• 52:34
  And yep, I really believe the media and politicians, they want us to focus on things that we have zero control over because it becomes a big distraction.
• 52:44
  And it keeps people dependent.
• 52:46
  People have to work until they're 107 years old just to be able to scrape by.
• 52:52
  And they get that tax revenue.
• 52:56
  You know, it's like this indefinite tax revenue that the government gets.
• 53:14
  Yeah, I'd I'd much rather retire early.
• 53:17
  I'd much rather position my kids in a place where they're financially financially stable, and that's getting harder and harder to do.
• 53:37
  Just five years ago.
• 53:40
  The average age that first-time homebuyers were buying a home is 33.
• 53:45
  It's increased by seven years.
• 53:49
  And a lot of people, a lot of young people believe that they'll never be able to afford a home.
• 53:55
  The cost of living has skyrocketed.
• 54:00
  Wages have not kept up with inflation.
• 54:02
  And so the question is are we out here, you know, just this for Super Bowl?
• 54:08
  Right?
• 54:09
  Are we out here holding signs because Bad Bunny sang a song during the halftime show?
• 54:15
  Or are we getting our own house in order?
• 54:17
  Are we setting our kids up for financial success?
• 54:22
  What I see is as the stock market climbs and climbs and climbs.
• 54:28
  I want to consistently put into it.
• 54:31
  Both for my my wife and I and for my kids.
• 54:36
  Those are things that I do have control over.
• 54:40
  And I think every American needs to put themselves in that position because all this manufactured outrage, it literally is wiping families out.
• 54:50
  It's wiping them out financially.
• 54:52
  The average cost of a car payment now is over $700.
• 54:58
  That's all inflation.
• 55:03
  And you know, are are we?
• 55:06
  Are we digging a hole that's so deep that we can never get out of?
• 55:11
  Where are we saying, you know, Trump's bragging about the economy?
• 55:15
  He's bragging about how great the stock market is.
• 55:18
  Like he's running his mouth just like I was right about everything.
• 55:22
  Are we gonna spend our time being worried about that and like wringing our hands about how arrogant he is and how prideful he is?
• 55:29
  Are we gonna do that, or are we gonna take control of what we can actually take control of?
• 55:33
  I choose to do the latter.
• 55:36
  President Trump can say what he wants to say about the economy.
• 55:40
  You know, I tend to listen because I do think that he has a plan.
• 55:47
  Now you may not like the plan, but I think he's being very strategic.
• 55:53
  I think that my opinion here, I think that he's intentionally weakening the dollar, which is going to drive the stock market up.
• 56:03
  Then there's going to be a big correction during the next presidency.
• 56:09
  The question is, are you prepared for that?
• 56:13
  You know, everything that we do, we need to be listening and taking these bits of information because they're out there.
• 56:20
  And instead of getting all emotional about them, we need to take them for what they are and start making a plan.
• 56:28
  So I choose to make a plan, and uh, I'll use this as the time again.
• 56:33
  I'll I'll uh plug my book just because um this is what it's all about.
• 56:38
  You know, the the book is tithing your time and treasure.
• 56:43
  And it's a biblical guide to uh to managing your your assets, your personal assets.
• 56:51
  You can check it out on the bookstore at AmericaOutloud.news.
• 56:55
  And uh I I really genuinely pray that it helps you.
• 56:59
  I I want people to get control of their own personal budgets because if we just sit here and twiddle our thumbs, uh, we're gonna be in deep, deep trouble pretty quickly.
• 57:10
  And we don't want that for Americans.
• 57:12
  The future is very, very bright.
• 57:14
  We just have to grab a hold of it.
• 57:16
  You can find more out about my show and get all the latest podcasts if you go to the menu navigation bar at AmericaOutloud.news under our shows or schedule.
• 57:25
  You'll be in the know.
• 57:26
  There is a hidden lightness that shines inside of all of us when there's so much darkness that envelops the world.
• 57:32
  Remember that it doesn't take much light to expose that darkness and to ultimately inspire other people.
• 57:37
  Join me in being a light.