Latest / Wayne Allyn Root’s WAR Zone Audio Hours / ROOT REACTION ft. Lee Elci 04-11-25 Hour 2

Transcript

ROOT REACTION ft. Lee Elci 04-11-25 Hour 2 · Wayne Allyn Root’s WAR Zone Audio Hours

0:10
Speaker 1: Warning, The Root, The Root, the Roots on fire.
0:14
Speaker 2: You're about to experience the most high octane, pedal to
0:16
Speaker 2: the metal controversial show of your life. Please buckle up
0:20
Speaker 2: and hold on tightly. This station is not responsible for injuries.
0:24
Speaker 2: This is Wayne Alan Root, direct from the entertainment capital
0:27
Speaker 2: of the world, Las Vegas.
0:29
Speaker 1: What time is it? It's time war War. Here's your host.
0:35
Speaker 2: One hundred percent raw Truth, one hundred percent American made
0:39
Speaker 2: the Warrior, Wayne Alan Root.
0:57
Speaker 1: Howry do I go, Ladies and gentlemen, our two on
1:00
Speaker 1: the route reaction. I'm a little more calm. I won't
1:03
Speaker 1: continue to go over this, but I had a little
1:05
Speaker 1: bit of a in studio, not a meltdown. Just I
1:09
Speaker 1: don't again. I'm gonna go back to it. I can't
1:10
Speaker 1: help it. It's just going to be in my head.
1:12
Speaker 1: I don't get technology. I never will. But anyway, my
1:15
Speaker 1: name is Lee Elsie. I appreciate you very much for
1:18
Speaker 1: being part of the show, being here for the entire
1:20
Speaker 1: couple of hours that we're broadcasting on this amazing network. Right, so,
1:25
Speaker 1: you've got Untamed Nation dot com. You can watch. You
1:28
Speaker 1: can watch on Rumble, you can watch on x, you
1:30
Speaker 1: can watch on Getter at real Wayne route. Now, why
1:34
Speaker 1: isn't Wayne here? Well, Wayne's down in Florida at mar
1:37
Speaker 1: A Lago right about now. He's probably all up in
1:40
Speaker 1: the tux seedo. Maybe this thing had to product probably
1:44
Speaker 1: already start right by now. Sure, and probably he's out
1:46
Speaker 1: there given a speech or two, shaking hands, doing all
1:49
Speaker 1: of that. But he's down at a big Lincoln Day
1:52
Speaker 1: dinner in mari Lago with President of the United States
1:56
Speaker 1: Donald Trump. And again he is the master of ceremonies.
1:59
Speaker 1: So you get your truly tonight. And we had a
2:02
Speaker 1: little bit of a rocky beginning, but we're going to
2:04
Speaker 1: give you a couple at least an hour here of
2:07
Speaker 1: a NonStop hopefully hopefully radio and television entertainment as best
2:11
Speaker 1: I can do. So I listen, it's the end of
2:13
Speaker 1: the week. I've been broadcasting constantly for seemingly all five days.
2:17
Speaker 1: So I'm going to up the ante here, and I
2:22
Speaker 1: want to talk a little bit about freedom again, because
2:26
Speaker 1: we didn't really get a good chance to talk about that,
2:28
Speaker 1: or at least some of the things that are protected,
2:30
Speaker 1: some of the key freedoms that are protected in the
2:33
Speaker 1: United States, things that you don't get necessarily in other countries.
2:37
Speaker 1: Freedom of speech. You have a right that most people
2:43
Speaker 1: do not get a chance to celebrate. You understand that
2:46
Speaker 1: the protection of the First Amendment allows you to express
2:51
Speaker 1: opinions without government interference. It allows me to be on
2:55
Speaker 1: all of these networks tonight and talk about the chaos
3:01
Speaker 1: that is happening in this country. It allows individuals to
3:06
Speaker 1: express opinions, again, no interference, no government stuff, all of that.
3:12
Speaker 1: And again that doesn't happen everywhere. Colonial America faced censorship
3:20
Speaker 1: under British rule. Freedom of speech became a rallying cry
3:25
Speaker 1: for all of the patriots. That was the difference man,
3:28
Speaker 1: being able to speak your mind, being able to get
3:31
Speaker 1: on a corner and talk in a town square about
3:36
Speaker 1: all kinds of different things that maybe England wasn't four
3:42
Speaker 1: And in countries like China or North Korea, speech is
3:45
Speaker 1: heavily censored and dissent is punished. Here it's it's almost
3:51
Speaker 1: celebrate celebrated, I guess to a certain extent. So you've
3:55
Speaker 1: got freedom of speech, you've got freedom of religion. Try
3:59
Speaker 1: that other countries. This is what makes America the most
4:02
Speaker 1: amazing place on earth. Right, and we don't talk about
4:06
Speaker 1: this enough. We're lucky to be born here, Like we're
4:09
Speaker 1: lucky if you migrated here and became a citizen, you're lucky.
4:12
Speaker 1: This is amazing. I mean, you don't get freedom of
4:16
Speaker 1: religion in other countries. You don't get it in Saudi Arabia,
4:19
Speaker 1: you don't get it in Iran. But freedom of religion
4:23
Speaker 1: is guaranteed by the First Amendment. Have to get it.
4:27
Speaker 1: Historical references. Again, we're talking about people fled Europe seeking
4:34
Speaker 1: that freedom, to be able to worship however they wanted
4:39
Speaker 1: here in this country. You know what, it's one of
4:43
Speaker 1: the favorites. You have a right to bear arms, the
4:46
Speaker 1: protection the Second Amendment. This country was built on the
4:54
Speaker 1: idea of being able to self protect, freedom of speech
4:57
Speaker 1: and self protection, and the idea that if a tyrannical
5:00
Speaker 1: government began to morph from what we have now into
5:06
Speaker 1: this tyranny, we would be able to fight back. And
5:11
Speaker 1: in the UK, in Australia, stringent gun control laws limit ownership,
5:16
Speaker 1: and that's what they want here. And as we've talked
5:20
Speaker 1: about a million different times, restricting gun ownership, what does
5:23
Speaker 1: that do? All it does is embolden and enable criminals
5:27
Speaker 1: to be better armed than the people that they want
5:31
Speaker 1: to rob Here in this country, you have a right
5:36
Speaker 1: to do process that's en trined in the fifth and
5:40
Speaker 1: fourteenth Amendments, the Magna Carta. Other authoritarian regimes like Russia,
5:46
Speaker 1: due processes often undermined my government influence. Once again, I'm
5:52
Speaker 1: just trying to point out how lucky we are to
5:55
Speaker 1: be here in this country at this time. And I
6:00
Speaker 1: know we fight about the partisanship. I even talked about
6:03
Speaker 1: it tonight. This country's very partisan. We're very divided, but
6:06
Speaker 1: these are some of the things that we all share together.
6:09
Speaker 1: These freedoms, they're amazing. We have a freedom of the press,
6:14
Speaker 1: although they've let us down time and time again. Protected
6:16
Speaker 1: by that First Amendment, it's supposed to enable transparency and
6:21
Speaker 1: accountability in government. But they failed us certainly of late.
6:25
Speaker 1: They failed us historically, and in countries like Turkey, journalists
6:33
Speaker 1: are actually imprisoned for exposing corruption. Here in this country,
6:38
Speaker 1: we want our journalists to find corruption. That's the fourth estate.
6:45
Speaker 1: That's what they should aspire to. That's what they should
6:47
Speaker 1: go out and try to accomplish. Real journalism is finding
6:51
Speaker 1: the truth amongst the lies and letting everybody know about it.
6:56
Speaker 1: Here in this country, we have a right to assemble
6:58
Speaker 1: in petition again. Iran no, other countries no. China no.
7:04
Speaker 1: Again guaranteed in the first Amendment. This past weekend, we
7:09
Speaker 1: saw a bunch of misguided folks rally in different places
7:13
Speaker 1: around the country, right under the different flags of pseudo communism.
7:19
Speaker 1: But they came out in the thousands in some places
7:23
Speaker 1: to protest against Donald Trump. I think they would get
7:28
Speaker 1: that right in different country, if Trump was in fact
7:30
Speaker 1: the king. You wouldn't get that right in different country,
7:32
Speaker 1: would you. No, we have a right to privacy here
7:37
Speaker 1: in this country. Other countries don't give that. China again,
7:41
Speaker 1: mass surveillance. China has a facial recognition program unlike any other,
7:46
Speaker 1: and they actually they hand out strikes if you are
7:50
Speaker 1: jaywalking or doing things that are illegal without even you
7:53
Speaker 1: knowing it. They're handing out tickets, etc. Over in China.
7:57
Speaker 1: We don't have that here, at least we don't have
7:59
Speaker 1: it yet, although that does seem like that may come.
8:02
Speaker 1: And our right to privacy has certainly been eroded slowly,
8:06
Speaker 1: and I think a lot of that has to do
8:08
Speaker 1: with the fact that we have welcomed these cell phones
8:11
Speaker 1: into our homes, into our beds, into every aspect of
8:14
Speaker 1: our lives. I mean, it's NonStop cell phone action. And
8:18
Speaker 1: you're always willing, seemingly to give away your security or
8:22
Speaker 1: your privacy if you will, for security, or what you
8:24
Speaker 1: assume to be security, or maybe even an ease of
8:28
Speaker 1: certain things in your life. You're willing to give away
8:30
Speaker 1: social security number, other numbers. And it's very dangerous. So
8:33
Speaker 1: maybe we have a right to privacy, but we're certainly
8:37
Speaker 1: seeding that to the powers that be. It's a very
8:40
Speaker 1: dangerous situation. And what it is is, you know, without
8:44
Speaker 1: these protections, tyranny thrives. It does Nazi Germany, the Soviet Union.
8:52
Speaker 1: These are things that they didn't have, and that's why
8:54
Speaker 1: there was a boot of oppression on their neck. The
8:57
Speaker 1: American Revolution demonstrated the necessity of resisting centralized controlled government
9:05
Speaker 1: over freedoms. And again, we have a huge debt that
9:11
Speaker 1: we can never repay to our founding fathers who, through
9:14
Speaker 1: their brilliance and bravery and unselfishness, actually built this amazing
9:21
Speaker 1: country that we live in right now. It's pretty incredible.
9:23
Speaker 1: And again we criticize it all the time. I criticize it.
9:26
Speaker 1: I get behind this microphone all the time and criticize it,
9:29
Speaker 1: but it really is an amazing place to live. And again,
9:36
Speaker 1: the big ones, the ones that always pop up, are
9:40
Speaker 1: the ones that we talk about. We're also overwhelmed or
9:44
Speaker 1: awash in subtle freedoms that other countries don't get a
9:48
Speaker 1: chance to enjoy. We talk about the big ones, you know,
9:50
Speaker 1: freedom of speech, freedom of religion, gun rights, etc. But
9:54
Speaker 1: there are so many little integral parts of this machine
10:00
Speaker 1: that was imagined and dreamed up by our forefathers and
10:03
Speaker 1: put together and put down on paper and has evolved
10:06
Speaker 1: over two hundred and fifty years to what it is
10:08
Speaker 1: right now, and it certainly is worth saving. And I
10:13
Speaker 1: think as a collective we should understand and cherish these freedoms.
10:18
Speaker 1: They're rare in the history of the world. Democracies usually fail,
10:24
Speaker 1: which is why I've been beating the drum along with
10:26
Speaker 1: some others about the debt, because this is where democracies,
10:30
Speaker 1: as they sit usually begin to wobble and fade. If
10:35
Speaker 1: you look at the history of the world, there is
10:37
Speaker 1: definitely an arc to democracies. They last only a certain
10:41
Speaker 1: amount of time. Once the people begin to vote themselves
10:45
Speaker 1: the treasures of that democracy, it begins to fail. So
10:49
Speaker 1: We have to understand that it's rare to be where
10:51
Speaker 1: we are. So educate your friends, Educate future generations. Tell
10:56
Speaker 1: them about the sacrifices that were made. Stand vigilant whenever
11:01
Speaker 1: anybody attempts to erode these freedoms that we have enjoyed
11:05
Speaker 1: so very, very much. The show is called The Root Reaction.
11:09
Speaker 1: Your host is Wayne Allen Ruth. I am not Wayne
11:12
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11:15
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11:19
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11:22
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11:25
Speaker 1: at Real Wayne Root once again, my name is Lee Elsie.
11:29
Speaker 1: You can email me Lee elsiradio at gmail dot com. Well,
11:32
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Speaker 1: Right, everybody, welcome back. This is root reaction. Rayne Alan
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Speaker 1: Rut again is off tonight. I just want to remind
15:14
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15:17
Speaker 1: A well deserved MC, the MC Master of Ceremonies of
15:22
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15:25
Speaker 1: about it when he gets back on Monday. My name
15:27
Speaker 1: is Lee Elsie. Thanks for joining us. We'll have Hans
15:29
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15:31
Speaker 1: and Hans is an economic professor at UMass Amherst and
15:36
Speaker 1: I'm looking forward to our sit down talking about some
15:38
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16:57
Speaker 1: I was going to talk about something, but then I
16:59
Speaker 1: just read this story and I want to spend at
17:02
Speaker 1: least ninety seconds on this before we get to the break.
17:05
Speaker 1: So they were in session today and the Democrats were
17:10
Speaker 1: sparring with a whistleblower who exposed a children's hospital for
17:15
Speaker 1: performing trans surgeries on miners. And they went after this guy.
17:23
Speaker 1: He's a whistleblower, he should have whistleblower protections. But can
17:27
Speaker 1: somebody please tell me this is the kind of thing
17:30
Speaker 1: that makes it impossible for us to be on the
17:32
Speaker 1: same page. This is the kind of thing when we say, oh,
17:34
Speaker 1: we have to find a place a middle ground, and
17:37
Speaker 1: the partisanship is it's divisive and it's bad for the country.
17:41
Speaker 1: The problem is these kinds of stories. What kind of
17:44
Speaker 1: a person, what kind of a human being, would think
17:47
Speaker 1: it's okay for a child, a child someone who literally
17:54
Speaker 1: you wouldn't allow to smoke cigarettes or get a tattoo,
17:58
Speaker 1: you would allow that child to have surgery removing their genitals,
18:06
Speaker 1: are switching their sexes, even in some cases prior to
18:10
Speaker 1: their puberty years. So this guy was a whistleblower on
18:15
Speaker 1: this topic, and they went after him. The Dems went
18:18
Speaker 1: after him ruthlessly because they're warped this kind of an
18:23
Speaker 1: attitude towards this. You're a warped, sick individual if you
18:27
Speaker 1: think finding enabling kids and allowing them again, enabling them,
18:34
Speaker 1: encouraging them to get life altering surgeries before they're literally
18:39
Speaker 1: old enough to mature enough to make a decision like that. Now,
18:42
Speaker 1: if you're twenty five or if you're eighteen and you
18:45
Speaker 1: want to cut off body parts, I don't care. I
18:47
Speaker 1: don't want to pay for it. I don't care what
18:50
Speaker 1: you do, and I don't care what you do behind
18:52
Speaker 1: closed doors as long as you're not harming somebody. But
18:55
Speaker 1: when you're talking about kids who you wouldn't trust your
19:00
Speaker 1: child to make ninety percent of the decisions that you
19:02
Speaker 1: might make on any given day, you're going to allow
19:05
Speaker 1: them to make a decision on what gender they're going
19:08
Speaker 1: to be. What is wrong with you people? This is
19:11
Speaker 1: the same mindset when it comes to the transgender athletes
19:15
Speaker 1: in sports. There's no way a male should play against
19:18
Speaker 1: a female. It's insane. But this is even worse because
19:22
Speaker 1: now you're changing this human being's life forever before they're
19:29
Speaker 1: really they really have the mental acuity and aptitude to
19:34
Speaker 1: be able to make that decision. Think about when you
19:36
Speaker 1: were eight years old, nine years old, ten years old,
19:39
Speaker 1: thirteen years old, you had no idea what the world
19:43
Speaker 1: was like. You have no idea the ramifications of huge decisions.
19:47
Speaker 1: These kids don't know what they're doing. And to have,
19:51
Speaker 1: you know, a whole group of progressive people who think
19:54
Speaker 1: it's okay to lop parts of a body off or
19:59
Speaker 1: give them him hormone, dangerous hormones that we don't even
20:04
Speaker 1: we haven't even tested to the extent they need to
20:06
Speaker 1: be tested on children. That's child abuse. There's something seriously
20:10
Speaker 1: wrong with folks who are behind that. One hundred percent.
20:13
Speaker 1: My name is Lee Elsie filling in for Wayne Allen
20:15
Speaker 1: Root once again. This is the Root reaction. Watch us
20:18
Speaker 1: on untamed nation dot com and again you can go
20:20
Speaker 1: to get her ex and rumble at real Wayne Root.
20:23
Speaker 1: We'll be back. My guest next is Hans desbayin Stick Around.
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Speaker 1: All right, we are back. This is the UH Talk
21:55
Speaker 1: Media Network. It's always a lot of fun for me
21:57
Speaker 1: yours truly to fill in for Wayne Allen Root. Wayne
22:00
Speaker 1: is down at Mara Lago. He's the MC of a
22:02
Speaker 1: big event with Donald Trump as the keynote speaker, and
22:05
Speaker 1: he's probably well into that right now, and he'll have
22:08
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Speaker 1: magavitamin dot com. My next guest is again one of
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Speaker 1: our favorites. I only bring on the best of the
23:20
Speaker 1: best here on the national stage. And again he has
23:23
Speaker 1: been with us for a couple of years and whenever
23:26
Speaker 1: there's things that go into the economic query land, we
23:32
Speaker 1: bring on our good friend. He is a lecturer in
23:34
Speaker 1: economics at UMass Amhurst and he's also an author. He writes.
23:39
Speaker 1: He's written hundreds of columns for different publications. He's our friend.
23:44
Speaker 1: Hans Desbay. Hans, how are you tonight? I appreciate you
23:47
Speaker 1: coming on.
23:49
Speaker 5: I'm doing very well, Lee, thanks for having me on.
23:53
Speaker 5: I'm excited to be here.
23:54
Speaker 1: Well, listen a couple things, and again we're gonna steal
23:57
Speaker 1: you for the last half hour if you don't mind.
23:59
Speaker 1: So I'm just going to turn you loose because once
24:01
Speaker 1: you get going, I know, you really get going. But
24:03
Speaker 1: I just wanted to throw one thing out at your
24:05
Speaker 1: stock market accessibility versus risk. I mean, the stock market
24:09
Speaker 1: is often touted as a path to wealth, but it's
24:13
Speaker 1: not an entitlement. Is risk right to this thing? Absolutely?
24:19
Speaker 5: You know, we on your radio show had a little
24:24
Speaker 5: bit of talk about this, and more recently I was
24:27
Speaker 5: texting you with what the kernel was saying, not just
24:32
Speaker 5: the risk. But I think what has happened with the
24:35
Speaker 5: stock market is that the overwhelming consensus is uncertainty with
24:46
Speaker 5: the tariffs in place. I think the bigger players in
24:51
Speaker 5: financial markets are a little bit less certain, but of
24:54
Speaker 5: course they're going to see it as an arbitrage opportunity
25:01
Speaker 5: to make money. So I think there was a big
25:05
Speaker 5: sell off because they expected there to be a big
25:09
Speaker 5: sell off from those that are a little bit less informed.
25:15
Speaker 4: So I think that it will be short lived.
25:17
Speaker 1: Frankly, Okay, let me ask you this because some of
25:19
Speaker 1: the more progressive folks who listened to me on a
25:21
Speaker 1: regular basis, were you know, through social media, we're saying
25:25
Speaker 1: to me, well, the big players are making multiple hundreds
25:28
Speaker 1: of millions of dollars on these trades because they know
25:31
Speaker 1: when it's going up, and they know when it's going down,
25:33
Speaker 1: and the little guy gets squeezed in the process. So,
25:36
Speaker 1: you know, when it went down two thousand or twenty
25:40
Speaker 1: five and a seventy two hour period, then it popped
25:43
Speaker 1: back up, went up three thousand in one day, those
25:45
Speaker 1: big cats made a bunch of money, while the average
25:48
Speaker 1: every day smuck kind of just stood there and either
25:50
Speaker 1: lost summer or stay status quo. You believe that's the case, Well.
25:57
Speaker 5: Actually, Lee, I do believe that, but I don't think
26:02
Speaker 5: it's any you know, large surprise surprise that that's the case. Again,
26:09
Speaker 5: it's just market anticipation. The the idea, you know, to
26:14
Speaker 5: use an analogy. This comes from John Mayner Kines in
26:17
Speaker 5: his very famous book.
26:19
Speaker 4: The General Theory. Uh.
26:22
Speaker 5: He says that the stock market is, you know, analogous
26:27
Speaker 5: to a beauty contest. If if you're asked to pick
26:31
Speaker 5: who you think will be the most beautiful baby, and
26:35
Speaker 5: you win a prize if you pick the most popular one.
26:38
Speaker 4: You don't pick the one.
26:40
Speaker 5: That you actually think is the most beautiful. You pick
26:42
Speaker 5: the one that you think most people will think is
26:45
Speaker 5: most beautiful. So what I'm saying is, I think big
26:49
Speaker 5: market players, UH know that there are a lot of
26:54
Speaker 5: people that are going to be uncertain and sell off,
26:59
Speaker 5: so they're going to anticipate that in in cell.
27:04
Speaker 1: But there's nothing market there's nothing unscrupulous about that. I mean,
27:09
Speaker 1: this is not like manufacturing, because a lot of folks
27:11
Speaker 1: are like, well, this is a Trump doing. Trump's behind
27:14
Speaker 1: all this. He's telling his friends what to do. That's nonsense,
27:16
Speaker 1: right right.
27:18
Speaker 5: And as I was speaking to uh, some friends about
27:22
Speaker 5: this and they said, well, that's market manipulation, Well no
27:26
Speaker 5: it's not. It's you know, what it is is anticipation,
27:31
Speaker 5: and you know in that sense.
27:34
Speaker 4: Again, I'm not worried. I've got some concerns.
27:38
Speaker 5: About, uh, the tariffs and in what's happening at the international.
27:44
Speaker 4: Level, but not the stock market.
27:45
Speaker 5: I think the stock market is going to recover pretty quickly,
27:49
Speaker 5: and I would discount what's happening there right now could
27:54
Speaker 5: be wrong, but I think that will be short lived.
27:59
Speaker 1: Hans Desbain is our guest and again we always enjoy him.
28:03
Speaker 1: On gives us a completely different perspective a lot of times,
28:06
Speaker 1: and it's always a great conversation. He's a lecturer in
28:08
Speaker 1: economics at U mass Amherst. Let me ask you one
28:12
Speaker 1: more about the stock market and then we'll get more
28:16
Speaker 1: and deep into the tariffs. But do you think the
28:18
Speaker 1: stock market is actually a good economic indicator?
28:25
Speaker 5: Well, that's that's a very loaded question. Of course, it's
28:29
Speaker 5: a very good economic indicator. Lee, Right, it's what investors think,
28:35
Speaker 5: but at any one moment, in sort of a short
28:38
Speaker 5: run sense, who knows.
28:42
Speaker 4: I mean, it's you know, the the.
28:46
Speaker 5: You know, the the the commentators will say, you know,
28:51
Speaker 5: just for an example, but they do this every day.
28:55
Speaker 5: You know, it goes up or down, and then they say, oh,
28:58
Speaker 5: it's because investors think that, right, the uncertainty of the tariffs. Well,
29:03
Speaker 5: there might be some truth to that. But then the
29:06
Speaker 5: next day it goes up and then they say something else.
29:09
Speaker 5: You know, it's so you know, it's it's like baseball, right,
29:13
Speaker 5: what went wrong? Well, all the commentators have everything to
29:17
Speaker 5: say about what went wrong, and you know it's it's overdetermined.
29:23
Speaker 5: It's too complex to reduce it down to one simple thing.
29:27
Speaker 4: So in that sense, yeah, yeah, no, go ahead.
29:30
Speaker 5: And in that sense, it's a week long it's a week
29:33
Speaker 5: long long term.
29:34
Speaker 4: It's a week long term indicator.
29:37
Speaker 1: Right, But it doesn't necessarily affect the construction worker, the bartender,
29:43
Speaker 1: the consito dealer, the you know, the person who's driving
29:46
Speaker 1: a truck. Unless they are heavily invested or invested in
29:50
Speaker 1: some you know, capacity in the stock market, their life
29:53
Speaker 1: doesn't change very much. Tis if it goes up three
29:56
Speaker 1: thousand or goes down fifteen hundred.
29:57
Speaker 4: Right, that's I would say that.
30:04
Speaker 5: You know, I I have a portfolio, but you know,
30:08
Speaker 5: my life is not that affected.
30:09
Speaker 4: I I have not done anything with my portfolio. Frankly,
30:17
Speaker 4: I haven't even looked at it.
30:18
Speaker 5: So maybe maybe I'm more affected than I think, but
30:23
Speaker 5: I don't have you know, it's not going to be
30:25
Speaker 5: a life changing phenomenon. And I probably have more than most.
30:30
Speaker 5: In fact, let me be a little more accurate that
30:33
Speaker 5: I for sure have more than most. But that's correct.
30:36
Speaker 5: It's uh, you know, there are a lot of Americans
30:39
Speaker 5: that have four oh one k's and these sorts of things.
30:42
Speaker 5: But you know, in the long term, it's going to
30:46
Speaker 5: have no effect.
30:47
Speaker 1: Well, unless you're moving all of your assets in that
30:50
Speaker 1: one block of time when it took the dip, you're
30:54
Speaker 1: you're almost exactly the same as you were, you know,
30:57
Speaker 1: a week ago. It doesn't it really shouldn't affect people
30:59
Speaker 1: that much. And I think there's a lot of hoo
31:02
Speaker 1: haha about that and not a lot of impact to
31:05
Speaker 1: the average every day American. Maybe I'm wrong, all right,
31:07
Speaker 1: let me switch gears. Tariffs Are they a regressive tax
31:10
Speaker 1: in your mind?
31:13
Speaker 4: Well?
31:17
Speaker 5: Again, I think tariffs are And I say I'm saying
31:21
Speaker 5: again because you and I have spoken about this, but
31:24
Speaker 5: we have a lot of listeners that haven't heard our
31:27
Speaker 5: exchanges on these sorts of things.
31:30
Speaker 4: Uh, tariffs are are complex. You know.
31:34
Speaker 5: I would agree with the former trade representative of of
31:41
Speaker 5: of Trump in the in the first Trump administration that
31:47
Speaker 5: tariffs are a good thing to to protect American workers,
31:52
Speaker 5: and in his book uh No Trade is Free, he
31:59
Speaker 5: makes a pretty strong case that we need to do
32:02
Speaker 5: a better job of protecting American workers than what we
32:07
Speaker 5: have done since the advent of the World Trade Organization
32:11
Speaker 5: in nineteen ninety five and the joining of China in
32:19
Speaker 5: two thousand and two.
32:21
Speaker 1: Hans Desban again is our guest lecturer in economics, UMass Amhurst.
32:26
Speaker 1: It's always a pleasure to talk with him. And we're
32:28
Speaker 1: going to cover a couple of other things here before
32:31
Speaker 1: we run out of time. But I do want to
32:32
Speaker 1: keep him over into the next round, and that's the
32:36
Speaker 1: music that I was anticipating, So we'll come back in
32:40
Speaker 1: a couple of minutes. Once again, if you're out there
32:42
Speaker 1: on your listening, we're on all these great radio stations
32:46
Speaker 1: from one coast to another on the Talk Media network.
32:49
Speaker 1: You can watch right now in living color see the
32:52
Speaker 1: beauty and the brilliance that is Hans Desbaan. If you
32:55
Speaker 1: go on Rumble or X or on Getter, you can
32:58
Speaker 1: go to Untamed Nation again. It's all under real Wayne
33:02
Speaker 1: Root and you can watch and see and listen and
33:05
Speaker 1: all of that great stuff. So we'll come right back.
33:08
Speaker 1: We've got one break to go. We'll ask a few
33:10
Speaker 1: more questions about wealth and the market dynamics and taris
33:13
Speaker 1: and the economy with our guest Hans des Spain. Don't
33:16
Speaker 1: go anywhere you're watching and listening to the Root reaction.
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Speaker 1: All right, all, welcome back, final final segment here. Once again,
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Speaker 1: I want to remind you way Allen will be back
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Speaker 1: on Monday. He is at mar Lago right now, mar
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Speaker 1: A Lago as we speak, hanging out with the President
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38:07
Speaker 1: is where you are again. Of course you can watch
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Speaker 1: on rumble Getter on x at Real Wayne Route, also
38:13
Speaker 1: on Untamed Nation. Our guest is lecturing economics at UMass
38:17
Speaker 1: Amherst our friend Hans Desbay. Hans, let me ask you
38:20
Speaker 1: go back to Tariff's real quick and maybe we can
38:23
Speaker 1: get a couple of questions about tariffs before we run
38:25
Speaker 1: out of time. Tell me about tariffs and the supply
38:31
Speaker 1: chain and the resilience, the resiliency of a supply chain
38:34
Speaker 1: when tariffs are imposed.
38:39
Speaker 5: Well, that's an open question of what that might you know,
38:45
Speaker 5: what that might look like. There is some anxiety about it.
38:49
Speaker 5: What I would recommend to people to take what's happening
38:56
Speaker 5: with the Trump administration serious, regardless of what side of
39:00
Speaker 5: the political spectrum that you're on, is to take a
39:03
Speaker 5: look at Stephen Moran's user guide to Tariffs that was
39:11
Speaker 5: released in November anticipate anticipating that he would be named.
39:17
Speaker 4: As an economic advisor.
39:18
Speaker 2: What she was.
39:19
Speaker 4: He's the chairman of.
39:20
Speaker 5: The Economic the Council of Economic Advisors.
39:26
Speaker 4: I think Moran's.
39:28
Speaker 5: User guide is a very serious academic statement of what
39:34
Speaker 5: the intention is. You can look at page twenty seven
39:39
Speaker 5: of that document and you will see that they anticipate
39:44
Speaker 5: that it could you know that the result could be
39:49
Speaker 5: both negative and positive for trade flows, the supply chain
39:54
Speaker 5: to inflation and so on and so forth. So it
39:59
Speaker 5: is a very serious intention. I would say Lee that
40:05
Speaker 5: the primary concern that they have is China. On what
40:13
Speaker 5: Moran has most recently said in a statement from the
40:17
Speaker 5: Chairman of the Council of Economic Advisors straight from the
40:22
Speaker 5: White House on April seventh, he says, there are two
40:27
Speaker 5: public goods that the rest of the world is not
40:31
Speaker 5: paying for, which is the US dollar as the reserve
40:35
Speaker 5: currency of the world, and also the US military as
40:41
Speaker 5: basically the security of the world. And they would like
40:44
Speaker 5: to see the rest of the world participate in paying
40:50
Speaker 5: for these two so called public goods. That's the intention.
40:53
Speaker 5: Whether you agree with it or not, that's quite serious.
40:56
Speaker 5: You don't get this sort of language from Trump. Trump
40:59
Speaker 5: is much more you know, he likes to have much
41:04
Speaker 5: more of a spectacle around what he does. But I
41:08
Speaker 5: also think this is a political strategy. You know, as
41:12
Speaker 5: I've predicted, I didn't think that the global tariffs would
41:17
Speaker 5: stay in place as a phenomenon, and I think after
41:23
Speaker 5: the ninety day reprived though most of them will disappear,
41:27
Speaker 5: they won't disappear on China. There are a number of
41:31
Speaker 5: China Hawks within the administration, including the Secretary of State Rubio,
41:36
Speaker 5: but also his economic advisors. Well, his Treasury Secretary is
41:42
Speaker 5: a China Hawk, and Navarro Moran. I'm not sure that
41:48
Speaker 5: I would define him as such, but he certainly references
41:52
Speaker 5: what he calls in the user guide to the tariffs,
41:57
Speaker 5: again written in November before these were imposed. Obviously candidate
42:02
Speaker 5: Trump was talking about them, but he wrote a very
42:05
Speaker 5: academically inspired paper. He spends about five or six pages
42:11
Speaker 5: on the so called China shock that occurred in two
42:15
Speaker 5: thousand and two, you know, and loss of Trumps Hans listen.
42:19
Speaker 1: Unfortunately we're out of time. I could talk to you
42:21
Speaker 1: for hours about this stuff. But I want people to
42:24
Speaker 1: read some of the things that you write. Where do
42:26
Speaker 1: they go to read what you've written here recently? Real quick?
42:30
Speaker 5: Yes, my most recent pieces and Worcester Telegram Gauzette is
42:36
Speaker 5: the most generous to me, My most recent piece and
42:40
Speaker 5: most generous paper.
42:41
Speaker 1: Thank you, brother, I appreciate your time. I know it's
42:43
Speaker 1: a Friday night. You're one of the great gats Piece.
42:45
Speaker 1: Today's the anniversary of the gas Piece. I figured you'd
42:47
Speaker 1: be out with Martiniz, but I appreciate you carving out
42:50
Speaker 1: some time. Thank you, America. I appreciate you guys hanging
42:54
Speaker 1: out with us. Wayne Allen Route will be back on Monday.
42:56
Speaker 1: Thanks to the boys behind the scenes making it go
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Speaker 1: all over again. Next time, I'm on for Wayne Allen Root.
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