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What Trump JUST Said about His 2025 Plan.

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0:00

in this video we are going to review

0:01

Donald Trump's complete economic plan as

0:04

he just broke down in an interview with

0:06

Bloomberg it was extremely thorough we

0:08

hear about Taiwan we hear about the

0:10

Federal Reserve we hear about interest

0:12

rate Cuts we hear a lot about corporate

0:15

Taxation and we can combine some of this

0:17

with what we know and have heard from JD

0:20

Vance to get a pretty clear picture so

0:23

let's get started first there are a lot

0:26

of Wall Street firms that believe that

0:28

Donald Trump is actually going to a win

0:31

but B lead inflation to likely increase

0:36

that's because they believe that the

0:38

former president Donald Trump is going

0:40

to be more likely to run higher debts

0:42

cut taxes and basically stimulate

0:44

spending which they believe could lead

0:46

to inflation this makes sense coming out

0:49

of covid but I actually think they're

0:51

going to be wrong everybody can have

0:52

their opinion on this but it's been a

0:54

pretty clear trade that people believe

0:56

Donald Trump could actually drive

0:58

inflation up I actually don't think

1:00

that's going to happen mostly because I

1:02

look at what interest rates were When

1:04

Donald Trump was in office and after the

1:07

2017 tax uh cut and jobs act 2017 jobs

1:12

act saw a lot of stimulative growth a

1:15

reduction and Taxation we actually saw

1:18

inflation trending around pretty dang

1:20

low levels what I always like to use is

1:23

I like to use the New York fed

1:26

multivaried core Trend inflation now

1:29

that's a real really big word and don't

1:31

worry so much about that it just shows

1:33

you the trend of inflation of core

1:36

inflation uh and what you find here is

1:38

the tax cut and jobs Act was passed over

1:40

here when multivariant core sat about 2

1:43

2.8 uh and multivariant core since that

1:47

moment uh never exceeded 2.8 instead it

1:52

actually trended down so I don't

1:55

necessarily agree with the institutions

1:57

that we going to see Rising inflation

1:59

because of a presidency but I want you

2:01

to have my opinion and I want you to

2:02

know what Wall Street thinks just so you

2:04

can make up your own opinion so uh then

2:07

Donald Trump's economics plan is really

2:09

being called trumponomics and the idea

2:12

is lower taxes and lower interest rates

2:16

Donald Trump has made it very clear that

2:19

he is willing to let Donald or Drome

2:21

Powell finish out his term which ends in

2:23

the spring May of

2:25

2025 uh and he says quote I would let

2:27

him serve it out his term especially if

2:30

I thought he was doing the right thing

2:33

now this is actually a backhanded threat

2:35

Donald Trump does not want drum Powell

2:37

to cut interest rates before the

2:39

election but markets are already pricing

2:42

in that jpow is going to cut rates in

2:44

September by 25 basis points we have

2:47

100% certainty right now based on market

2:49

pricing that doesn't mean we'll actually

2:51

have 100% pricing uh that could change

2:53

very quickly if we get one bad inflation

2:55

report but this is a very clear threat

2:57

and so if Jerome Powell Cuts in

2:59

September as we we think he will some

3:01

believe that japal is going to lose his

3:02

job in January I don't actually think he

3:04

will but the rhetoric that pressure will

3:07

be there and Drome Powell is just going

3:08

to get pressured to cut rates even more

3:10

if Trump uh does win the election which

3:13

at the moment seems more likely given

3:15

that right now Democrats can't even keep

3:17

the story straight in terms of is Biden

3:19

going to drop out or not according to

3:21

axios the current latest thinking is

3:24

that we're actually going to see Joe

3:26

Biden drop out by this Friday or Sunday

3:29

at the latest now I just want to be

3:31

clear we've heard that many times this

3:33

month and it just continues to be wrong

3:36

because he keeps being stubborn and

3:38

staying in the White House is saying

3:40

he's not wavering Pelosi is beating him

3:42

up and axios is reporting that according

3:45

to what individuals within the

3:47

government are hearing right now within

3:49

the White House Biden is very likely to

3:51

drop out this week so I don't know it

3:53

seems like now the odds are going up uh

3:57

and I can show you that on screen here

3:59

President Biden may decide to drop out

4:00

the presidential race as soon as this

4:03

weekend according to several top

4:05

Democrats who believe the rising

4:06

pressure will finally persuade the

4:09

81-year-old

4:11

well we'll see but all we know is

4:13

there's a a massive lack of unity uh

4:16

amongst the Democrats right now anyway

4:19

we'll see how this goes so uh something

4:22

else uh on Trump trump gives a lot of

4:25

credit to the 25th president who raised

4:28

enough Revenue through tariffs to

4:30

basically enable tax reductions while at

4:33

the same time growing the economy and

4:35

this is something that JD Vance talks

4:37

about as well is hey we don't want to

4:39

tax more we actually want to tax less

4:41

but we want markets and businesses to

4:43

have more money by growing GDP and so

4:46

they reference President

4:48

McKinley however it's important to know

4:50

what the economy was actually like when

4:52

McKinley was President this was like the

4:55

1890s we just came out of a recession in

4:58

1893

5:00

and it was kind of easy to have growth

5:02

cuz you were coming out of a bottom and

5:04

you were in the midst of the Industrial

5:05

Revolution so of course you could issue

5:08

tariffs on other countries because you a

5:11

newer country you're just a little over

5:13

a hundred years old which is pretty new

5:14

in country ages uh and frankly we were

5:17

coming out of a crash and we were in the

5:19

industrial revolution so it makes sense

5:22

why they refer to McKinley because

5:24

Donald Trump and JD Vance are able to go

5:26

look McKinley was able to raise taxes

5:28

and grow the economy true but consider

5:31

the factors of then versus now they're

5:35

almost the opposite we we're although

5:37

although some people will say that

5:39

artificial intelligence today is the

5:41

next Industrial Revolution so if you

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think AI is the next Industrial

5:45

Revolution they could be right they

5:47

could tariff more and the economy could

5:49

grow if this is not the next Industrial

5:52

Revolution then we would be in the

5:54

opposite conditions today than we were

5:56

after McKinley so when you hear that

5:58

reference to McKinley remember that you

6:00

just came out of a hole anyway the

6:02

Peterson Institute believes that Donald

6:04

Trump's plan to introduce tariffs of 60

6:06

to 100% on China and a 10% across

6:09

theboard tariff on other countries will

6:11

end up increasing the annual cost for

6:13

every average American by $1,700 a year

6:16

I actually disagree with them and this

6:18

is not to try to like defend Trump it's

6:20

just that I looked at their methodology

6:22

by looking at their actual research

6:24

report and what they did is they took

6:26

2018 and 2019 and assumed that if the US

6:30

China trade war that we had in 2018 to

6:32

19 has a similar impact today as it did

6:36

then then we would see $1,700 in

6:38

increasing in costs but the problem is

6:41

back in 20189 I think businesses

6:44

actually had more pricing power than

6:45

they do today that's because Co

6:48

substantially expanded Supply chains and

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by expanding Supply chains makes them

6:52

more capable of providing more products

6:55

at lower costs and then because there's

6:57

a greater saturation of more products

6:59

you actually have disinflation more

7:01

disinflation than I think you will have

7:03

had uh looking back to 201819 so I don't

7:06

think you can really apply the 201819

7:09

numbers of the trade War to today and so

7:12

I think their methodology is flawed and

7:14

I actually don't think you're going to

7:15

see a $1,700 annual increase per average

7:18

American household because of Donald

7:20

Trump's tariff plan I think the economy

7:22

is going to grow I'm not sure it's going

7:24

to grow McKinley style but it might

7:26

mostly because I'm a little bit of a

7:27

doubter on the AI stuff uh I I think

7:30

it's a great chatbot I think it's great

7:33

for spell check and I think it's great

7:36

for helping you with spreadsh sheets but

7:38

do I really think chat GPT is quite

7:40

frankly artificial intelligence not

7:42

really uh I think like self-driving in

7:44

vehicles or like a paler style

7:46

technology is self-drive is is a form of

7:50

um artificial intelligence but but you

7:52

know we're getting a little nuanced here

7:54

let's stick to Trump uh Trump overall

7:56

says he's not a fan of sanctions prefers

7:58

tariffs sanctions are basically economic

8:00

punishments whereas tariffs are attacks

8:02

on Goods that you trade with and that

8:04

gives Donald Trump more power to

8:06

negotiate with other leaders and I think

8:08

that's really what he's doing when he's

8:09

threatening these tariffs on China I

8:11

think what he's really setting up for is

8:13

hey when I show up I know the power that

8:16

I have he said this he's like I know the

8:18

power I have now because I've done this

8:19

job before and I'm going to use these

8:21

strong tariffs to go to bat for our

8:24

country and negotiate good deals for us

8:27

this

8:28

is probably not a bad strategy uh and

8:31

you can kind of see this balancing in

8:34

what Donald Trump is trying to do here

8:35

he's like on one hand we're going to

8:37

have 60 to 100% tariffs on China which

8:39

would double the cost of importing stuff

8:41

from China just like JD Vance said

8:43

yesterday their ticket believes that

8:45

China is stealing Americans middle class

8:47

jobs American middle class jobs middle

8:50

class American jobs yeah anyway uh but

8:52

then on the other side Donald Trump is

8:54

like you know Tik Tok we might not focus

8:55

on Banning it doesn't matter so much so

8:58

you could see where is kind of setting

9:00

up for that negotiation with China right

9:02

it's all it's all art of the deal anyway

9:06

uh Donald Trump of course seal the

9:07

southern border I mean this should be

9:08

obvious at this point Trump and JD Vance

9:10

both say that immigration restrictions

9:12

are the biggest factor in reshaping the

9:13

economy they want to cut corporate taxes

9:16

to 15% that would be down 6 percentage

9:19

points from the 21% where they sit now

9:22

15 divided by 21 though is about a

9:25

29% reduction in corporate taxes and a 6

9:29

percentage Point reduction right anyway

9:32

uh they want to renew the 2017 tax cut

9:34

and jobs act they're looking at treasury

9:36

uh a treasury Secretary of potentially

9:38

Jamie Diamond which is say really

9:40

interesting because Jamie Diamond sold

9:41

stock for the first time in like 20

9:43

years I think if I remember correctly

9:45

just a few months ago and he's starting

9:47

to kind of plant the seed that he wants

9:49

to transition out of his job very

9:52

interesting uh Donald Trump told

9:54

Bloomberg that he would not pardon

9:55

himself that he wouldn't consider it

9:57

though Bloomberg added salt to this and

9:58

they're like well I mean he's flip-flo

10:00

before okay that is true people do

10:02

change their mind uh Bloomberg says that

10:05

he understands the level of his power

10:07

now uh regarding uh uh Black and

10:10

Hispanic votes as many of 20 as many as

10:12

20% of black men now back trump it

10:16

literally says that it doesn't say women

10:17

it says black men though some pundits

10:19

think those numbers are overstated

10:21

remember uh Biden won 92% of the black

10:23

vote in

10:25

2020 Trump explains black people are

10:27

being quote decimated by the millions of

10:30

people that are coming into the country

10:32

it's an anti-immigration

10:34

argument uh Bloomberg fact checked this

10:37

and they say that according to the US

10:38

Bureau of Labor Statistics the majority

10:40

of labor employment gains since 2018

10:43

have been from citizens okay but this is

10:46

where like I think Bloomberg is trying

10:47

to go out of the way to like be

10:49

anti-trump and it's fine like I'm trying

10:50

to provide the balance here like it's

10:52

not all good right again like the

10:54

McKinley thing like I don't know if we

10:55

can really compare to that I think that

10:57

might be a little too bullish uh but as

11:00

far as uh as this no du the majority of

11:04

employment comes from not illegal

11:06

immigrants so I think this counter fact

11:08

check by Bloomberg was kind of like

11:10

fugazi because it's like that doesn't

11:12

matter like what we should be looking at

11:14

is how many jobs are being taken taken

11:17

Now by illegal immigrants versus 5 years

11:20

ago let's say it's a little harder to

11:22

find that statistic I have not been able

11:24

to successfully find that but that would

11:26

be the question that I would be asking

11:27

not the question that Bloomberg is

11:28

stating here

11:30

a lot of uh institutions are now

11:33

convinced that Donald Trump is going to

11:36

sweep uh the election uh that's going to

11:40

be

11:41

sweeping uh both the house and the uh

11:46

Senate so uh I actually have I'm pretty

11:51

sure I have a sweet piece here so you

11:53

could see it from the institutions let

11:56

me just search for it really quick I

11:57

just need to type in sweep it should

11:59

come right up the red sweep coming yeah

12:02

here it is I want you to see this the

12:04

red sweep coming all right ready for

12:07

this uh let's do this really

12:13

quick

12:15

okay sorry I'm really bad at like

12:17

editing my videos so I apologize but

12:20

anyway look at this uh okay so the

12:24

assassination attempt against Trump will

12:26

make it less socially awkward to support

12:28

Trump therefore they think it's more

12:30

likely that Trump will win because

12:32

you're now getting prominent Business

12:33

Leaders like Bill akman and Elon Musk

12:35

coming out and supporting Donald Trump

12:37

this also would include like a David

12:39

Sachs or otherwise uh bolsonaro's lesson

12:43

in the 2018 stabbing of the Brazilian

12:45

president uh led us to to see that

12:48

assassination attempts can swing

12:50

undecided votes same was probably true

12:52

of Reagan not so much Teddy Roosevelt

12:54

though a lot of Democrats are like well

12:55

Teddy Roosevelt lost after an

12:57

assassination attempt yeah but he was

12:58

also running third party for a third

13:00

term before we had term

13:02

limits uh then Hollywood stars are

13:05

rapidly dropping off the bandwagon uh

13:07

bandwagon for supporting Biden and there

13:09

could be a sizable Red Wave this by the

13:12

way is um gaval research they're Hong

13:16

Kong

13:18

based

13:19

okay uh Trump speaks highly of the CEO

13:22

of lvmh banan anald now he's an

13:26

interesting character you know he didn't

13:28

he actually started as a real estate guy

13:30

and when he was like 35 or 36 got

13:32

intoing luxury goods so I guess I still

13:34

have hope of doing uh uh doing a

13:36

different uh line of work if I ever

13:38

decide I need to uh but then again who

13:40

could challenge my

13:43

style Jamie Diamond says uh Trump was

13:46

right about NATO he's kind of right

13:48

about immigration Trump says that he

13:50

loves Scotland and Germany Trump says

13:52

trade deficits are critical measure of

13:53

economic fairness Trump says he's

13:55

lukewarm about the idea of standing up

13:57

to Chinese aggress aggression again this

13:59

is that balance we're getting we're

14:01

going to double the taxes on them on

14:03

China and then on the flip side it's

14:05

like maybe we won't B Tik Tok it it's

14:08

it's art of the deal art of the deal

14:09

it's negotiating negotiating uh Taiwan

14:11

took our chip business from us he says I

14:13

mean how stupid are we they took all of

14:14

our chip business this is true when it

14:16

comes to chip manufacturing Tai Taiwan

14:18

semi pretty much takes over everything

14:20

but they are taking advantage of Biden

14:21

bucks and they're building a plant in

14:23

Phoenix Arizona by

14:25

pirola pirola Arizona I can't pronounce

14:28

that say but anyway it's like the

14:30

western side of Phoenix Arizona West

14:32

Northwest I've been to the plan uh

14:35

anyway Taiwan wants uh or Trump wants

14:37

Taiwan to pay for protection protection

14:39

money this is all

14:41

negotiating I don't actually see that

14:43

happening but but this posturing will

14:46

will you know lead to negotiated

14:50

outcomes uh let's see here Trump with

14:53

apple there's a story about how uh

14:55

Apple's Tim Cook worked very closely

14:57

with Donald Trump in the trade War

14:59

2019 and uh Mr cook actually met Trump

15:03

in person to convince him not to

15:05

increase these tariffs on companies like

15:07

apple Manufacturing in China so much via

15:10

foxcon and uh Trump actually respected

15:13

Mr cook for coming to meet Trump in pres

15:16

uh in uh in person and after they came

15:19

out with a deal that worked for all

15:20

sides Tim Cook really smart here Tim

15:23

Cook ended up gifting Donald Trump a

15:24

$6,000 Mac Pro Smart see I like this

15:28

this is this is what I want to see in a

15:30

leader and again it doesn't have to be

15:32

Trump like it could be another leader as

15:33

well I just don't think Biden is capable

15:35

of doing that stuff that's why I'm so

15:36

anti-biden you know people are like

15:38

Kevin you're turning like Maga red

15:40

waiver and I'm like I really am just

15:42

trying to be as neutral as possible and

15:44

I think the most neutral thing I could

15:45

say right now is the Trump Vance ticket

15:48

is really powerful and Biden's got to go

15:51

now if Democrats put up another really

15:53

powerful ticket I will honestly tell you

15:55

that but I just don't see that right now

15:57

so what's my bottom line on this I

15:59

actually think it's good for America I

16:01

think lower taxes on the corporate Side

16:04

Lower taxes uh for the middle class and

16:06

yeah the upper class as well think of

16:08

the overall tax cut act that we saw in

16:10

2017 was really stimulative to the

16:12

economy and it prevented us from really

16:14

slowing down which was a big fear in

16:17

2019 so I'm not opposed to tax cuts I'm

16:20

a big fan of this I I do think that

16:21

taxes are too high I'm not a really big

16:24

fan of some of the Biden policies mostly

16:26

because I'm taking a very laai fair

16:28

approach uh a Libertarian approach

16:30

hands-off approach I'm not a big fan uh

16:32

even though I don't think it'll really

16:33

make a difference I'm not a fan of the

16:35

Biden plan of hey we're we're going to

16:37

you know uh give away more money to

16:41

certain groups uh or certain races or to

16:45

certain uh home buyers or to chip

16:48

companies I think we're overbuilding I

16:50

think what we should be doing instead of

16:52

just handing out money to people we want

16:53

to buy votes from like Gavin Dome does I

16:56

think we should be focusing on better

16:57

schools a safe for society lower taxes

17:01

teaching people how to do the trades

17:02

coming out of high school not that this

17:04

is something that Trump Advanced her

17:06

proponents of I mean I hope they are I

17:07

wish they were but those those are sort

17:09

of my thesis so overall uh from an

17:12

economic point of view I I align with

17:14

these opinions strongly I think these

17:17

are very good economic uh ideas and I

17:20

don't think they're going to cause

17:21

inflation so that's my opinion uh and

17:24

Trump respects Tim Cook uh after the

17:26

debate Bloomberg thinks that the debate

17:28

had a really big impact of course we

17:30

know that fundraising is plummeting

17:31

everything's plummeting blah blah blah

17:32

blah blah okay so this is a an overview

17:35

here uh I think I've done a pretty good

17:37

job of of

17:39

outlining uh exactly what the the the

17:41

economic plan here is and what's going

17:44

on uh so hopefully this is very useful

17:47

to you uh I love you all I really

17:50

appreciate your support we're almost

17:51

actually at 2 million subscribers we

17:53

don't have to round anymore so if you

17:54

haven't subscribed yet consider

17:55

subscribing and folks we'll see you in

17:57

the next one thanks so much goodbye and

17:58

and good luck ad these things that you

18:01

told us here I feel like nobody else

18:02

knows about this we'll we'll try a

18:04

little advertising and see how it goes

18:05

congratulations man you have done so

18:07

much people love you people look up to

18:08

you Kevin PA there financial analyst and

18:11

YouTuber meet Kevin always great to get

18:13

your

18:14

take even though I'm a licensed

18:16

financial adviser licensed real estate

18:17

broker and becoming a stock broker this

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video is not personalized advice for you

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it is not tax legal or otherwise

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personalized advice tailor to you this

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video provides generalized perspective

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party content I show shall not deemed

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endorsed by me this video is not and

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shall never be deemed reasonably

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sufficient information for the purposes

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of evaluating a security or investment

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are either paid affiliations or products

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or Services we may benefit from I also

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personally operate an actively managed

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ETF I may personally hold or otherwise

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hold long or short positions in various

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Securities potentially including those

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mentioned in this video however I have

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no relationship to any issuer other than

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house act nor am I presently acting as a

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market maker make sure if you're

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considering investing in house act to

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always read the PPM at house Act .

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