Latest / Financial Survival Network / Trump's Asia Strategy: Outplaying China Again - Bill Walton #6345

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Trump's Asia Strategy: Outplaying China Again - Bill Walton #6345 · Financial Survival Network

0:00
Speaker 1: You know, I think part of the reason Trump's been
0:02
Speaker 1: successful in the Middle East negotiations and we get back
0:05
Speaker 1: to that New York mentality. He sees them that way,
0:08
Speaker 1: and he sees it as highly personal and not some
0:11
Speaker 1: abstract diplomatic thing, but rather it's a you know, real
0:16
Speaker 1: gut human interest or human interests, and he's pretty good
0:19
Speaker 1: at that.
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Speaker 2: You're listening to Carrie Letz's Financial Survival Network, where you
0:24
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Speaker 2: thrive in today's trying times. You need the Financial Survival
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0:41
Speaker 2: Network now more than ever.
0:47
Speaker 3: And welcome you are listening to and watching the Financial
0:51
Speaker 3: Survival Network. I'm your host, Carrie lets and with us
0:55
Speaker 3: today is our good friend Bill Walton and Bill Walton's show,
1:00
Speaker 3: one of my favorites.
1:01
Speaker 4: Bill. It's great to have you back on.
1:03
Speaker 3: I know you've been focusing a lot on President Trump's
1:07
Speaker 3: recent or ongoing Asian excursion. One thing's for sure. The
1:14
Speaker 3: President knows how to put hours and miles on air
1:18
Speaker 3: Force ones frame airframe, doesn't.
1:20
Speaker 1: He I think he's probably got the record for that,
1:23
Speaker 1: that's for sure. But this is a man who never
1:25
Speaker 1: sleeps on's he get three or four hours.
1:27
Speaker 4: A night and if he needs it.
1:30
Speaker 5: If he doesn't, ye if he needs it.
1:31
Speaker 1: But yeah, this has been a world win tour, and
1:33
Speaker 1: I think so far it's been a very successful trip
1:37
Speaker 1: at least in terms of the optics and showing that
1:40
Speaker 1: he's making deals and getting people, getting these countries more
1:44
Speaker 1: aligned with the US. And he's got a meeting with
1:47
Speaker 1: you coming up in a couple of days, I think
1:50
Speaker 1: Thursday this week.
1:51
Speaker 3: Well, I think what hasn't been played in the press,
1:56
Speaker 3: and I believe is really for our Asian relationship and
2:02
Speaker 3: containment of China. The treaty between Cambodia and Thailand. Like, honestly,
2:09
Speaker 3: if you can tell me what they were fighting about,
2:11
Speaker 3: I'd love to know, because I have no understanding of
2:13
Speaker 3: it whatsoever. Some kind of maybe ancient territorial border, something
2:19
Speaker 3: like that. I've been to Thailand many times myself. The
2:22
Speaker 3: fact that he brought peace when they were like on
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Speaker 3: the brink of all at war. Asian Asian cultures all
2:29
Speaker 3: about face and that really gave him tremendous face among
2:35
Speaker 3: all of the Asian countries and cultures and perhaps diminished
2:40
Speaker 3: China's standing in the region quite a bit because they
2:44
Speaker 3: did absolutely nothing.
2:46
Speaker 4: What's your take on that.
2:47
Speaker 1: Well, I don't know the details of their conflict, but
2:50
Speaker 1: I do know that the thing that's changed in Southeast
2:54
Speaker 1: Asia and that whole area is that they've now entered
2:58
Speaker 1: the modern economy, and their growth in those countries is very, very,
3:02
Speaker 1: very strong. I mean, somebody said, if you draw a
3:05
Speaker 1: pen and a map somewhere around North Vietnam and put
3:09
Speaker 1: it out two thousand miles in all direction, you've got
3:12
Speaker 1: about half the world's population inside that circle, about forty
3:16
Speaker 1: forty five percent of the economic activity. And if you
3:19
Speaker 1: look around the world, they're one of the few places
3:22
Speaker 1: where we're seeing some growth and some people that are
3:25
Speaker 1: being lifted out of poverty. And you know, my instinct
3:30
Speaker 1: is that, without knowing the details, is the Trump appealed
3:33
Speaker 1: to the fact that, look, you guys can't be fighting
3:36
Speaker 1: with each other. You've got a not just got grievance,
3:39
Speaker 1: but you get an economy to run. And I suspect
3:42
Speaker 1: there were some economic carets as part of that, although
3:46
Speaker 1: I'm not sure about the details, but you know, the
3:49
Speaker 1: world has changed. I mean Europe is collapsing. It's economic
3:53
Speaker 1: growth has just been plumbing because they've gone fully into
3:57
Speaker 1: wind and solar so called renewables, which are not going
4:00
Speaker 1: to fuel those economies. I think their share of US
4:04
Speaker 1: world manufacturings brought from like twenty percent to nine percent
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Speaker 1: in the last fifteen twenty years. And then where that's
4:12
Speaker 1: been picked up, the slack's been picked up, it's in
4:14
Speaker 1: Southeast Asia. So I think Trump probably had had a
4:19
Speaker 1: lot of carrots, a lot of deal making, a lot
4:21
Speaker 1: of his old real estate expertise that will work here.
4:26
Speaker 3: You know, if you just guess if you can get
4:29
Speaker 3: a project approved in New York City, they have exactly
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Speaker 3: peace between Thailand and these guys are a.
4:36
Speaker 5: Lot tougher New York than they are there.
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Speaker 3: Yeah, a lot harder to get a zoning variance in
4:41
Speaker 3: New York and peace treaty in Southeast Asia. And then
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Speaker 3: he did the same thing with India and Pakistan. You know,
4:49
Speaker 3: two nuclear armed countries that have been at each other's
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Speaker 3: throats since their formation, since the formation of Pakistan after
5:01
Speaker 3: World War Two. And you know, it's kind of like
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Speaker 3: it's a template here. He just knows how to do
5:07
Speaker 3: this stuff. Obviously the big prize eludes him, which is
5:12
Speaker 3: Ukraine Russia.
5:13
Speaker 4: But I have a feeling before.
5:17
Speaker 3: I'd say before next summer that war will probably be
5:20
Speaker 3: over too well.
5:22
Speaker 1: That one is more tribal than anything imaginable. And then
5:25
Speaker 1: the Ukrainians are it's just in the Russians have been
5:29
Speaker 1: going at each other in a way that's just just
5:32
Speaker 1: you know, the atrocities have been committed there, the depth
5:36
Speaker 1: of hatred. I mean, there's all sorts of talks about
5:38
Speaker 1: Nazis in the Ukrainian army. And of course the Russians,
5:42
Speaker 1: you know, have known for their own their own bad deeds,
5:45
Speaker 1: so that one's really ugly. And how they get how
5:48
Speaker 1: they come back to the table, I don't know. But
5:51
Speaker 1: I think what Trump did in Pakistan and India it
5:53
Speaker 1: was sort of what he did the other place, where
5:55
Speaker 1: he said, come on, guys, let's let's let's let's stay
5:58
Speaker 1: a part of the modern economy, and you can't forward
6:00
Speaker 1: to be shooting in each other. Let's make it an
6:03
Speaker 1: economic competition, not a not a bullets and guns competition.
6:07
Speaker 1: But you know, Ukraine defies defies ordinary logic. Yeah, you know,
6:15
Speaker 1: he he's I thought he would wrap that up in
6:18
Speaker 1: a week, and he didn't. So he thought he would
6:22
Speaker 1: wrap it up in a week maybe less, and now
6:25
Speaker 1: he knows he didn't.
6:26
Speaker 5: So I think he's think he's pretty frustrated.
6:29
Speaker 3: Yeah, well, you know, it seems pretty intractable. And like
6:33
Speaker 3: you say, it's tribal. It predates the modern era, and
6:38
Speaker 3: a lot of these things are tribal.
6:40
Speaker 4: But you know, he's he's done pretty spectacular job.
6:44
Speaker 1: You just put your finger on something. I think the
6:46
Speaker 1: whole world is basically tribal in many ways. We talk
6:50
Speaker 1: about these countries in the Middle East, and while we
6:53
Speaker 1: put lines on the map that were drawn by the
6:55
Speaker 1: British and there maybe the French and some of the
6:58
Speaker 1: other colonial occupiers there, and they've got the trappings of
7:03
Speaker 1: a sort of modern stay with a sort of democracy,
7:06
Speaker 1: but really they operate as in a tribal fashion. And
7:11
Speaker 1: you know, I think part of the reason Trump's been
7:13
Speaker 1: successful in the Middle East negotiations, and we get back
7:16
Speaker 1: to that New York mentality, he sees them that way,
7:20
Speaker 1: and he sees it as highly personal and not some
7:22
Speaker 1: abstract diplomatic thing, but rather it's uh, you know, real
7:27
Speaker 1: gut human interest or human interests and he's pretty good
7:31
Speaker 1: at that. So but Ukraine, you know, it's uh, you know,
7:38
Speaker 1: Kelensky seems to me to be held bent on getting
7:40
Speaker 1: as many Ukrainians killed and putin shows no sign of
7:44
Speaker 1: any remorse.
7:45
Speaker 5: So I'm it's pretty upsetting.
7:48
Speaker 1: I mean, I'm part of the I'm part of the
7:51
Speaker 1: people that believe that we did a whole lot to
7:53
Speaker 1: encourage that, because absolutely, you know, bringing Ukraine and the
7:57
Speaker 1: NATO right at Brush's border, and in fact, Ukraine had
8:01
Speaker 1: been part of Russia for a long time or part
8:03
Speaker 1: of the Soviet Union, and there's lots of Russian speaking
8:07
Speaker 1: people in Ukraine. I mean, it would be you know,
8:09
Speaker 1: it'd be like, you know, somebody trying to re annex
8:12
Speaker 1: Texas or something. We're not gonna lett that happen.
8:17
Speaker 3: Yeah, well, you know the whole thing that they warned
8:21
Speaker 3: the United States and the Color Revolution that was brought
8:25
Speaker 3: on by US. Yeah in twenty fourteen. Yeah, Victoria Newland,
8:31
Speaker 3: she's knee deep in this. And you know, I don't
8:34
Speaker 3: like particularly like the term neocon, but these people, their
8:41
Speaker 3: end goal seems they want to break up Russia and
8:45
Speaker 3: go after its resources. I mean, I think that's what's
8:48
Speaker 3: happening here in this is a Landland character is just
8:53
Speaker 3: he's just beyond. He just has no regard for the
8:58
Speaker 3: body count here. They don't care.
9:00
Speaker 1: Well. The thing I love about Trump's people coming in is,
9:03
Speaker 1: you know, there's been an other world in as to
9:05
Speaker 1: our State Department, in our diplomatic corps, and we think
9:08
Speaker 1: we're going to be able to bring democracy, liberal democracy,
9:12
Speaker 1: just like we did in maybe New England two hundred
9:16
Speaker 1: years ago. We're gonna bring We're going to bring town
9:18
Speaker 1: hall meetings to Kuwait.
9:22
Speaker 5: It just doesn't work that way.
9:24
Speaker 1: And we've been trying to say that we're the heck,
9:27
Speaker 1: we're going to bring a liberal world order, and we have.
9:30
Speaker 1: I can't think of a place we've really succeeded in
9:33
Speaker 1: the last seventy five years.
9:34
Speaker 3: So Japan, I mean, well, but since that was World
9:39
Speaker 3: War Two. Yeah, agreed. You know, it reminds me of
9:43
Speaker 3: that movie Full Metal Jacket, when the colonel sees that
9:48
Speaker 3: the guy is wearing a peace symbol on his.
9:52
Speaker 4: Half on his helmet.
9:54
Speaker 3: Need the colonel blastom and says, you know, inside every
9:59
Speaker 3: quote unquote via to me is there's an American just
10:01
Speaker 3: waiting to get out, and that that has been our
10:06
Speaker 3: foreign policy post World War Two. It it just doesn't
10:11
Speaker 3: it doesn't work. Maybe, And there's no proof that democracy
10:16
Speaker 3: is such a great thing either all the time, there's
10:21
Speaker 3: it fell.
10:23
Speaker 1: Very democracy can be a tyranny so quickly. Yeah, that's
10:27
Speaker 1: the reason they want, you know, the left ones to
10:29
Speaker 1: get rid of the Constitution is it is it slows
10:32
Speaker 1: things down because you get power divided among three branches.
10:35
Speaker 5: And if you get rid of that, so.
10:38
Speaker 1: All those trappings of the Republican you get a pure democracy, majority.
10:42
Speaker 5: Rule and then Bob rule, Bob rule.
10:46
Speaker 3: So talking about that and the shutdown, this is like
10:51
Speaker 3: the most insane thing I've ever seen, this shutdown. I mean,
10:55
Speaker 3: for me, it's affected me because I've written a couple
10:59
Speaker 3: of books and I want a library of Congress Control
11:02
Speaker 3: number and I can't get it because they're shut down.
11:06
Speaker 3: But you know, and we made an amazing discovery here
11:11
Speaker 3: that most of the people receiving the food stamps snap
11:16
Speaker 3: ebt cards aren't even Americans. I mean, what could they
11:21
Speaker 3: have hoped to gain from this? It makes it makes
11:24
Speaker 3: as much sense as the Ukraine Russia war.
11:27
Speaker 1: Well, you know, you pull the waters of money out
11:30
Speaker 1: from all this and what's revealed at the bottom of
11:32
Speaker 1: the of the pond is some pretty ugly stuff, and that,
11:36
Speaker 1: you know, the food stamp scandal is one of those
11:41
Speaker 1: things that comes out and in high relief, and you know,
11:46
Speaker 1: maybe it gives us a chance to do something about it,
11:48
Speaker 1: but you know, at some point somebody is going to
11:51
Speaker 1: have to blank. And I do believe that even though
11:54
Speaker 1: they control the media, the Republicans have got the Democrats.
11:58
Speaker 5: Rather have got a losing argument.
11:59
Speaker 3: And it looks like even CNN is turning on them.
12:04
Speaker 3: I watched a few interviews. I'm not big on TV
12:07
Speaker 3: interviews political because you know, it's just it's the usual politics.
12:13
Speaker 3: But they're not looking good here, and the very people
12:18
Speaker 3: they claim to want to help are turning on them,
12:20
Speaker 3: like the federal union, the biggest, the Federal employees union,
12:26
Speaker 3: and you know, basically turning down spending bills for the
12:32
Speaker 3: most vital employee federal employees like air traffic controllers that
12:37
Speaker 3: ensure that they get paid.
12:39
Speaker 4: They're not looking good here. They're coming up bad.
12:42
Speaker 3: They can't really blame it on the Republicans when they
12:46
Speaker 3: made the decision to shut things down.
12:49
Speaker 1: Well, and when you think about it, really about Chuck
12:52
Speaker 1: Schumer trying not to get primaried by AOC in the
12:56
Speaker 1: next Democrat primary in New York. I mean, his personal
13:01
Speaker 1: agenda is really driving this. He wants to look good
13:04
Speaker 1: to the hard left of what.
13:08
Speaker 5: Used to be the Democrat Party.
13:10
Speaker 1: And you know, if you if you play to that
13:13
Speaker 1: part of the constituency, you're only getting him at fifteen
13:17
Speaker 1: to twenty percent of the votes, and everybody else is
13:21
Speaker 1: light up on a sensible side of the aisle.
13:23
Speaker 4: Yeah.
13:24
Speaker 3: Yeah, it's it's just madness. And it's the same thing
13:28
Speaker 3: with their candidate for Mayor of New York, Mandami. I mean,
13:35
Speaker 3: it appears he's going to be elected. The only hope
13:39
Speaker 3: we can have then is that Elie Stephanic gets elected governor.
13:44
Speaker 3: Because the governor can remove state of local officials. That's
13:49
Speaker 3: the only hope that New York has at that point.
13:52
Speaker 3: She has to get elected and remove him.
13:56
Speaker 1: You know, I've got a radical view that I think
13:59
Speaker 1: you if they vote him in, deserve what they get.
14:02
Speaker 1: And you know, let's try this governance in New York City.
14:05
Speaker 1: And we know it will be a failure, and we
14:08
Speaker 1: know that things are going to come apart, so maybe
14:10
Speaker 1: we can maybe We've got a real demonstration here of
14:13
Speaker 1: how bad these ideas really are.
14:16
Speaker 4: I mean, it's going to be a complete disaster.
14:19
Speaker 1: Let's not save them from themselves. I mean, we know
14:21
Speaker 1: that this. We know he's got an insane agenda, so
14:26
Speaker 1: we know he doesn't particularly like America. So except for that,
14:30
Speaker 1: he's great.
14:32
Speaker 3: Yeah, he's wonderful. Yeah, well maybe they'll get what they deserve.
14:36
Speaker 3: But you know, well, you know, Bill the one hand,
14:41
Speaker 3: New York and what it used to be, used to
14:43
Speaker 3: be the center of financial power, and so I live
14:45
Speaker 3: the hats.
14:47
Speaker 4: Yeah, as not anymore. In Florida.
14:49
Speaker 3: Miami, arguably from Palm Beach County down to brickle is
14:55
Speaker 3: the center of financial power now in the United States.
14:58
Speaker 3: But our media, so corrupt, hasn't bothered to report that
15:02
Speaker 3: news to the public, and most people, if you ask,
15:08
Speaker 3: still believe that the center of power is on the
15:10
Speaker 3: corner of.
15:10
Speaker 5: Broaden Wall, which Broaden.
15:12
Speaker 3: Wall is now just a backdrop for financial journalism.
15:19
Speaker 1: Well, when you got a guy like Ken Griffin moving down,
15:22
Speaker 1: moving everything to Florida, that that tells you all you
15:24
Speaker 1: need to know. He's as you probably know, he's got
15:27
Speaker 1: one of the biggest head funds in the world, and
15:29
Speaker 1: Miami has always been the financial capital of Central and
15:32
Speaker 1: South America. And so that they've done is they just
15:36
Speaker 1: thanks thanks to bad governance and city and big cities,
15:40
Speaker 1: they've made it a financial capital of all of them,
15:42
Speaker 1: all of America, you know, North, Central and South.
15:46
Speaker 4: Yeah, totally, totally so. And I see it.
15:48
Speaker 3: I live down here, and the people I know, I
15:51
Speaker 3: knew what was happening after the Great Financial Collapse crisis, yeah,
15:57
Speaker 3: in eight because hedge funds and other financial entities started
16:03
Speaker 3: making little back offices down here, minor offices, and they
16:07
Speaker 3: were clearing the way to actually come down here because
16:11
Speaker 3: you know, tactes don't matter until you have to pay them, right,
16:15
Speaker 3: And these companies are paying like billions of dollars to
16:19
Speaker 3: the State of New York for what getting nothing back.
16:23
Speaker 3: Lousy streets, lousy schools, unsafe streets. And you know, the
16:31
Speaker 3: the under the Democrats, the lefts inability to grasp the
16:38
Speaker 3: importance of the crime issue is it's just one of
16:42
Speaker 3: the most shocking things that I've ever seen, Like crime
16:45
Speaker 3: doesn't matter all of a sudden.
16:47
Speaker 1: Who thinks that, Well, they're not even the left anymore.
16:51
Speaker 1: They're nihilists. And you know, that's that big word for
16:53
Speaker 1: people that just want to destroy and not build. And
16:56
Speaker 1: I think it's some Russian They were started in Russian
17:00
Speaker 1: enth century before the revolution there took the Bolshevits, and
17:04
Speaker 1: you know, there's there's a lot of these groups that
17:06
Speaker 1: if you ask them what they're for, what they want
17:09
Speaker 1: to see is the next thing. They can't tell you.
17:13
Speaker 1: All they want to do is destroy stuff. And I'm
17:15
Speaker 1: fear that's what we've got here. And they don't have
17:18
Speaker 1: a vision of you know, it's not some utopian thing
17:21
Speaker 1: where if they're going to once they get into power,
17:24
Speaker 1: they're going to do this, this, that and the other thing.
17:27
Speaker 5: You know.
17:27
Speaker 1: The closest they've got is they're going to have state
17:29
Speaker 1: run grocery stores. And that that works so well in
17:32
Speaker 1: the Soviet Union. Why not why not try at Manhattan?
17:36
Speaker 1: Who needs gressities? You know, John Katsimatitis, you know, we
17:40
Speaker 1: get we get that great example of Soviet grocery stores.
17:45
Speaker 3: Insane, completely insane. The world's gotten mad here. Well, but
17:49
Speaker 3: luckily we're still saying Bill, so.
17:52
Speaker 4: Just tell us.
17:52
Speaker 3: I think, yeah, well, last time I looked in the mirror,
17:56
Speaker 3: I was but that might not last. Yeah, where's the
18:01
Speaker 3: best place to find you.
18:02
Speaker 4: Check out your show, The.
18:04
Speaker 1: Bill Waltonshow dot com and also YouTube and rumble, and
18:09
Speaker 1: we've got a page. We've got a substack page where
18:12
Speaker 1: the shows are. I've been taking a break for the
18:14
Speaker 1: last several weeks, but we've got two hundred and seventy
18:17
Speaker 1: five shows. Most of them are evergreen content and some
18:21
Speaker 1: really really interesting people like Eric Eric Prince, who ran.
18:26
Speaker 5: Blackwater Sure is on there.
18:28
Speaker 1: And we've got Art Laugher who was a Laugher cur
18:31
Speaker 1: in supply side economics. And most of the conversations are
18:35
Speaker 1: things you would whether we had it six months ago
18:38
Speaker 1: or today, are still relevant.
18:40
Speaker 4: All right, Oh hey, we appreciate you coming on.
18:42
Speaker 5: The link is Chaco.
18:43
Speaker 3: It's fun and the links in the show notes to
18:47
Speaker 3: this interview on Financial Survival Network dot com. I've actually
18:51
Speaker 3: switched myself to substack because my emails from substack actually
18:57
Speaker 3: get delivered to you out there, and it has so
19:01
Speaker 3: many benefits. It's really it's not a website. It is
19:05
Speaker 3: a business model, a business plan, and can't say enough
19:10
Speaker 3: good things about it. I don't have to maintain my
19:13
Speaker 3: own website anymore. They do it for me. Everything is
19:17
Speaker 3: taken care of so it really is amazing. I call
19:20
Speaker 3: it the future of journalism. Bill, it's a pleasure always
19:23
Speaker 3: having you on. We'll talk to you again real soon.
19:25
Speaker 5: Talks good.
19:26
Speaker 2: Thanks for listening to carry Letz's Financial Survival Network, your
19:30
Speaker 2: solution to today's trying times. For the latest, go to
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Speaker 2: Financial Survivalnetwork dot com. Financial Survival Network
19:39
Speaker 5: Now more than ever,