4.7 • 1K Ratings
🗓️ 7 April 2025
⏱️ 63 minutes
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0:00.0 | Hello, fellow Robo Capitals, hope you're well. I am back with my good buddy, Chris Irons from |
0:05.6 | fringe finance, and we are here to do a deep dive to the extent that we can with the quote |
0:11.4 | unquote reciprocal tariffs and what on earth is happening to the markets right now. Gold, |
0:18.5 | the dollar, the Dow, the Treasury market, the two year, the two year the 10 year Bitcoin I mean we got a lot |
0:25.3 | to talk about Chris any thoughts on liberation day yeah I'm arguing with somebody right now I'm |
0:32.4 | talking about actually I'm actually I'm just to be honestly I'm waiting to see what he says here because I get his point. |
0:42.3 | But yeah, you know, my thoughts on liberation there are as follows. |
0:45.9 | Anytime you disrupt the status quo, I just wrote about this. |
0:50.6 | People are very against change, whether it's taking a detour going to work or you know |
0:56.2 | changing the way you know the handles on your sink fit or whatever uh change is always going to be |
1:03.2 | uncomfortable for people always and that's inconsequential bullshit change when you change things |
1:09.4 | on a big scale uh it becomes very uncomfortable for people. |
1:14.0 | And specifically, when you change things on a big scale in an industry and under the umbrella of |
1:21.1 | economics, where all of our short-sighted policy has told everybody that they're entitled to be comfortable at all times |
1:30.5 | all day, every day, and markets only go up and not down, and that we have academics who have |
1:36.7 | figured out the solution to creating a never-ending utopia. All we have to do is just listen to the |
1:42.9 | Fed and the Treasury. When people have |
1:45.2 | been conditioned to expect that, it only takes the slightest thing to break their brains. And I think |
1:52.1 | we're seeing a lot of that. I'm not sure that tariffs on 180 countries are the slightest thing, |
1:57.7 | are they? That's not what I'm talking about, George. That's not the point I'm |
2:01.4 | making. It's not. It's a huge consequential decision, actually. The point I'm trying to make is |
2:07.1 | when you take a huge consequential decision like that and you deliver it to people who have |
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