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Full Episode
Well, here we go again. Donald Trump is getting mocked by the entire world for caving once again to Xi Jinping in China. Again, showing that, guess what, Donald, you don't hold the cards. Usually someone who's out there saying, I hold the cards, you don't hold the cards. You often can call that a tell.
You see some of these memes right here of Xi Jinping just laughing at Donald Trump and outmaneuvering him. So yesterday, Donald Trump held a press conference where he said the following. He said that the ultimate tariffs on China are going to be nowhere near 145%. Who would ever put 145% tariffs? That's too much. That's what you said, Donald. Trump said it's going to come down substantially.
It won't be zero. It's going to be more than zero, but we will see. And then he goes, I think we're going to be able to make a deal with China. This is after Donald Trump begged Xi Jinping and China to call and do something, but China held firm and didn't do anything at all. Also, Donald Trump, he's seeing the bond market implode.
He's seeing the 10-year treasury yields move closer to 5%, which is basically... I think, well, technically 4.5%, I think, is Donald Trump's kind of pain point, but it could go higher. And so now he wants to announce all of these fake deals. So one of the things that was announced is that they may have an agreement in principle with Japan on trade. It's an outline that they want to announce.
But when you dig into the details, again, it's just completely BS. And they're just, once again, just making it all up. You know, if you looked at what went down earlier in the day yesterday, I think it was one of the most important things. And it seems like more market manipulation taking place where this is what was reported by Bloomberg. That Scott Besant sees de-escalation with China.
Situation is now looking unsustainable. There was a private meeting that was hosted by JPMorgan Chase in Washington yesterday. It was not open to the public or to the media, but Scott Besson was there and all of these hedge funds and private equity companies were there.
Closed door meeting, an investor summit where Scott Besson said the standoff as it is with China right now is unsustainable and he expects the situation to deescalate. So one of the things we noticed early in the morning, despite all of this bad market data out there, the market was trading up and was doing well. So it was like, what was driving that?
Well, apparently there was a lot of insider information being exchanged during closed door sessions where Wall Street wins and Main Street gets absolutely screwed as inside information is being exchanged. And then thereafter, you had Donald Trump hold this press conference in the afternoon where
right as markets had closed, saying, you know, I think that we want to maybe de-escalate this with China once the insiders made a lot of their money after the market crashed. You see that kind of cycle repeat itself over and over again. Here's another meme that I saw. Listen up, President Xi, I'm sorry. You know, there's a lot going on, though, because Trump's
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