Donald Trump JUST U-turned at Davos???

Donald Trump just addressed the Davos

World economic forum and he changed his

tune on a few things and I wanted to

give you a heads up on these not only

from the point of view of Taxation but

also Russia Ukraine and most importantly

crypto for a lot of folks standing by

for that crypto announcement today and

this is because Senator Lumis suggested

hey stay tuned for a crypto announcement

while Donald Trump did drop the word

crypto and becoming a great crypto

Nation he didn't mention anything

regarding what the crypto nation is

looking for which is that establishment

of a strategic cryptocurrency Reserve

maybe that's going to come in

partnership with El Salvador some folks

are hoping for Donald Trump has said

that the Strategic Bitcoin reserve the

United States has would simply consist

of cryptocurrencies in total that

includes Bitcoin or other

cryptocurrencies that are seized from

criminals and then held however some are

hoping that the United States could go

on as far as purchasing up to $100

billion of Bitcoin over the next four to

five years to contribute to the Bitcoin

currency reserve and we didn't hear

anything about this today uh at least

not yet but we did hear some other

changes the big one to me was the change

in tune that I just heard from Donald

Trump on Russia and Ukraine and this one

I have to say is a little bit of a

letdown Donald Trump suggested that we

need the cost of oil to come down now

you might think wait what does this have

to do with Russia Ukraine that's what I

thought too but it's coming so Donald

Trump starts by lambasting Saudi Arabia

suggesting hey y'all are trying to you

know be cool and invest uh $600 billion

into America over the next years you

know I'm going to ask you to round that

up to a trillion dollars and at first

I'm starting to you know kind of scratch

my head going are are we just like

pulling numbers out of nowhere at this

point because I kind of alluded to this

silliness uh or of these numbers because

I want to see these things turn into

reality on Twitter on a uh with my post

here take a look at this I posted this

yesterday the world has turned into a

pissing contest of who can invest more

money into the United States of America

for Donald Trump first it's a100 billion

by SoftBank then it's $500 billion over

5 years then Saudi Arabia is like oh

yeah well we got $600

billion who's next I wrote yesterday and

In fairness I also wrote hell I'm here

for it this is great for America right

like this is great for the American

worker and the American aot be like I'm

all for it this this is a good thing but

there's also some lunacy that was the

word I was looking for earlier in in

some of where these numbers are coming

from because I'm like wait a minute are

we just like like pulling these out of

thin air or these actually going to turn

into reality so this irony is me going

who's next well who's next is Donald

Trump going back to the $600 billion

doll figure going hey can you get this

up to a trillion dollar I mean it's it's

literally like negotia hey I got these

guys at 600 now you're at five can we

get

youi this feels like a real estate deal

you know hey again all here for it but

wait a minute so what does this have to

do with Russia Ukraine and oil well so

as he's begging the Saudis for more

money he also says hey you know I'm a

little disappointed you didn't do more

to get oil prices down before I became

president and then I'm like oh okay so

their job was to get oil prices down

before you became

president apparently yes so Donald Trump

expressed his frustration that oil

prices were not lower before he became

president and now even though he wants

more oil production oil prices are down

about 1% after his commentary we're

still at 78 bucks on Brent well actually

have is Donald Trump now saying that hey

we need oil prices to come down because

if oil prices came down the Russia

Ukraine war would end

immediately okay that's a really big

change in tune because he's always said

that he would end the war within 24

hours of taking office now obviously a

lot of us thought this was just sort of

hyperbolic that all right like you know

even if he ends the war within a month

it's going to be a good thing and

obviously we're only like 4 days in now

so maybe it's not that big of a deal

right okay fine but wait a second now

all of a sudden the war in Ukraine

between Russia and uh well Ukraine is

not going to end until oil prices come

down so that's a little bit problematic

because a lot of people see this and say

Hey you know is this a uturn on what you

promised us or is this potentially a

realization that negotiating with Putin

isn't going to be as easy as previously

thought now when he was asked about this

he ended up responding with well the war

would have never happened had I been

president but sir you're not you were

not the president when the War Began so

while that is possible it's not the

reality we face today and so now the

question that people have is okay like

are you just going to throw in the towel

on Russia Ukraine because oil prices are

high and you're blaming the Saudis for

that so there's some frustration that I

see people think are going to come from

this now he does go into talking about

how because he's declared a national

Energy emergency he's going to be able

to bypass a lot of energy environmental

reviews that'll make it a lot easier to

build infrastructure projects faster

okay great but wait a minute we have two

problems with that problem number one is

you're going to face a lot of lawsuits

which he's no a foe to lawsuits or

unfamiliar with lawsuits but those

lawsuits and judges could potentially

put a kabash on on how quickly some of

these emergency orders could be used to

bypass environmental regulation because

remember government is all about

balancing the needs of multiple

different people or interests and yes

environmentalists do have a say as well

because they are also taxpayers now I'm

not taking sides here I'm just saying

there are going to be problems on one

hand with that for bringing oil prices

down and number two the Wall Street

Journal isn't actually that optimistic

take a look at this the Wall Street

Journal uh wrote oil and gas compan to

stay put for now this was a couple days

ago they wrote this but it's relevant

now Trump wants oil and gas producers to

drill baby drill but they have adopted a

cautious approach to how they spend

money frackers are more focused on

returning cash to shareholders via

BuyBacks and dividends rather than

reinvesting it in the oil patch Shale

operators known for drill for oil or

also drill for oil overwhelmingly on

private land and opening up more federal

land or for deployment is unlikely to

unleash a drilling frenzy meanwhile

pipeline firms which have run into a

strident opposition from environmental

groups in recent years still have to

navigate a complex regulatory

environment to make sure long-term econ

economics make sense before they

Greenlight multi-billion dollar projects

in other words like even if you clean up

regulation you still have to as a

company decide doesn't make sense to

spend multi-billions of dollars on new

energy infrastructure but when Brent's

at $78 well a lot of people say only

when oil is above $100 in other words

oil companies are really only

incentivized to drill baby drill when

oil is above $100 because the ROI on

these multi-billion dollar projects is

huge if oil plummets because a bunch of

companies are like yeah we're going to

do new oil projects or whatever and the

price of oil plummets to 50 bucks they

actually might cancel those projects

because their Roi could be negative so

like more oil project it's sort of like

damned if you do damned if you don't

right if you don't build oil prices stay

high but if you do build uh oil prices

plummet and you want to like you you

don't want to build more because then

you're just adding to the supply problem

and you're reducing your Roi but if oil

prices are high you wish you had the

infrastructure so you could capture it

so little little bit of a struggle there

every company is going to have to

analyze the regulatory risk and the cost

profile for what they want to do exactly

so this is just a you know those are two

problems here but the reason I bring

those up again now is because those two

problems say all

right does that mean the war in Ukraine

is just not going to end because oil

prices now are going to stay high again

A lot of people are going to go you said

24 hours again let's give him the

benefit of the doubt let's call it 24

days let's call it 24 weeks for goodness

sake but what I just heard from him was

not very optimistic I would have

expected a lot more optimism that yes it

wasn't within 24 hours okay hyperbolic

get it but now it sounds like we're

throwing in the towel on Russia Ukraine

until oil prices come down I'm very

disappointed in that anyway uh then

Donald Trump says that interest rates

need to come down now around the world

he's going to push for that uh to happen

uh he reiterates how he's trying to fix

the border and else uh and all else he

came up with a new demand as well for

NATO he said he wants all countries in

NATO to now contribute 5% of their GDP

towards uh NATO funding up from 2% this

kind of in some part relates to the

Russia Ukraine situation again because

the Russia Ukraine situation is going to

be expensive for longer sort of like

higher for longer costs are higher for

longer and so now it's like everybody

needs to contribute more because we're

going to be a war with Russia Ukraine

for longer it sort of feels like a tcid

admission that this war is going to go

on longer now he does say we'll have

rapid energy approvals again though

that's sort of PR like limited by the

other issues that we just talked about

talks about building new electrical

plants near infrastructure including

clear Clean Coal bringing corporate tax

rates down to 15% if you make your

product in the United States for

corporations and small businesses I like

hearing that in fact in our trumponomics

course we talk specifically about how to

strategize around uh tax benefits uh the

corporate tax rate uh and and a lot more

there's there's so much information in

the Trump anomic course on this but

anyway uh he talks about the one-year

deduction I'm also curious that why he

calls it a one-year deduction it's the

179 accelerated depreciation schedule

but that's okay that's maybe the simpler

phrase to use for a public audience or

whatever the one-ear deduction he says

he wants to bring back and maybe even

you know bring back more of he's

basically talking about more rapid tax

deductions for buying Capital assets

planes Machinery Investments for your

business whatever uh but then he's also

arising this as risking this by saying

well we'll have to work with Democrats

to approve it uh well that's mostly

because if you want to get a Big Bill

done you got to have votes unless you

could use budget reconciliation to get

your big tax plan done budget

reconciliation might be able to squeeze

by uh without that filibuster approve 60

votes so that's why he says we'll have

to work on Dems with Dems to approve it

it's also why he's cozying up to people

like John fedman who's already voted

with uh Trump on uh on some of um the uh

approvals for his cabinet he says we'll

do a deduction for businesses and small

businesses will bring corporate taxes

down to 15% great we'll make demands of

other countries like Canada will tarff

you if you don't you know balance out

more uh with with our trade policies we

don't need your cars Lumber or gas he

says we have enough in America all right

few things here first he says we're

going to terar a you to balance this out

or you could always become a

state okay so he's sort of reiterating

the idea of just become a state within

America this is sort of the the American

imperialism which is interesting fine

but I I want to just add some clarity on

how deficits work deficits matter

because they mean money is flowing out

of the country so when you have a trade

deficit with another country it means

more money is going to the other count

so if we have a trade deficit with China

more money is going to China that means

we have to borrow more which weakens our

currency it also makes us less

competitive and it also means we're less

competitive because obviously money is

going to that country instead of us

which then potentially moves jobs out of

the country and again weakens our

currency it's just sort of a vicious

cycle this is why Donald Trump who who

likes a strong United States wants build

an America because then you have the

reverse jobs come here job Trade Surplus

comes here uh demand comes here stronger

dollar easier to borrow if necessary

more economic stability blah blah blah

blah he talks about how China is

catching up on nuclear and Putin is a

fan of reducing nuclear and how he wants

to reduce nuclear this this has been

talked about for decades it's called

nuclear non-proliferation right the

non-expansion of your nuclear arsenals

this is like frankly just old news uh

but um you know he reiterates uh this

here and I don't think it's a bad thing

to reiterate in the meantime though

China keeps building nukes because they

want to catch up with the Arsenal that

the United States and Russia have you

know I think last count is China has

like hundreds of nukes and uh the United

States and Russia have like five to 6

thousand so China's got some catching up

to do which they are catching up on so

anyway with all that said it's worth

considering some of these changes here

in evaluating what do these mean well uh

oh that's a funny one I'm going to have

to fix that well what it really means is

you're in a situation where you're

starting at the fourth day now of the

Trump Administration to see a little bit

of a roll back on the side of Russia

Ukraine also on oil you're seeing a

little bit of a roll back here and then

on taxes he's already starting to point

at the Democrats going hey well we're

going to need the Democrats so we're

starting to get some asterisks on some

pretty important things that people were

looking for Trump to do and then on the

other side we were expecting this we're

getting that reiteration of we want

rates down we want rates down we want

rates down okay fine but if the economy

keeps booming rates probably won't come

down rapidly now rates will come down

really fast if we go into a recession

but that would take an unemployment

recession that's really a topic for a

different video if you want more insight

on that and what Piper Sandler thinks

regarding bonds and jobs and recession

make sure to watch the video that I

posted this morning I think it's a

pretty uh important video just type into

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is really quickly uh but uh anyway just

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that all right folks thanks so much for

watching we'll see you in the next one

goodbye and good luck why not advertise

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have done so much people love you people

look up to you Kevin P there financial

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great to get your take