Donnie T Goes East, Jerome Goes Home

They said it was a quiet week. They were wrong.

This week, Jeezy, Manny, and Chuck break down three of the biggest stories shaping America right now:

TRUMP IN CHINA: Donnie T touches down in Beijing to meet Xi Jinping. No major breakthroughs, no major blowups, but the optics, the semiconductor vulnerability, the farmer betrayal, and the Taiwan question tell a much deeper story. Xi played chess. What was Trump playing?

JEROME POWELL’S LEGACY: After eight years as Federal Reserve Chair, Jerome Powell is out. Did he save the economy, or leave us with a mess? The team breaks down COVID-era rate cuts, the inflation call that defined his tenure, the “transitory” moment, the soft landing, and what incoming Chair Kevin Warsh means for the Fed’s independence.

NC & NATIONAL VOTING RIGHTS: Seven constitutional amendments are moving toward North Carolina’s November ballot. Manny maps everyone. Chuck reports on voting rights marches from Montgomery to Atlanta, and issues a challenge to every organizer listening.

Plus: Bill Cassidy gets the Pickle (tried to thread the needle, discovered that the needle can’t be threaded in 2026), Jeezy keeps his eye on Mark Wayne Mullin at DHS, and Manny might be cheering for the wrong team in a Hurricanes state.

Transcript

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21
Jeezy: Hello, world, welcome back to Pardon the Politics Podcast, Season 3, Episode 20. I am your co-host, Jeezy. Along with me on this episode, I have to my left.
22
Jeezy: My brother Manny.
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Manny: Ayy, what's good, what's good?
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Jeezy: In the red corner, we have none other than the chairman of Chaos, Brother Chuck. How you doing today, brother?
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Chairman of Chaos: Yelling.
26
Jeezy: Yes, indeed, the boys' bike, the boys' bike, the boys' bike!
27
Jeezy: We are here for another episode. To our listeners, welcome, welcome. Thank you for tuning in and lending us your ear on another week's episode of Pardon the Politics Podcast. Gentlemen.
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Jeezy: This might have been.
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Manny: This is a quiet week, man.
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Chairman of Chaos: Meh, see, see…
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Jeezy: Although we should knock on.
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Chairman of Chaos: We shouldn't have said anything. See, right. We about to jinx it. We about to jinx it, mess it up.
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Jeezy: Grandma say if you ain't got nothing nice to say, don't say nothing at all.
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Manny: If she would have told us… she would have told.
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Chairman of Chaos: That shit, mothers.
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Manny: podcast.
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Jeezy: Yep.
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Jeezy: All things considered, and what we have typically been accustomed to from a week-to-week basis.
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Jeezy: Maybe it was because this week was kind of like Home Alone?
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Jeezy: And since the family was away…
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Jeezy: And he didn't cause too much disturbance.
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Jeezy: Marco Rubio got a free trip.
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Jeezy: Nobody had to bother RFK?
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Manny: Cash went scuba diving.
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Jeezy: That's when Scuba looked.
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Chairman of Chaos: Yeah, there was some controversy behind that. Oh, it was.
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Manny: But I guess.
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Jeezy: when the cat's away, the mice shall play.
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Chairman of Chaos: And he took the drunkard along with him, so, you know…
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Jeezy: standpoint with him?
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Chairman of Chaos: Jackson went with him, so he couldn't get in no trouble.
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Jeezy: Yay.
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Manny: To keep your eye on them.
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Chairman of Chaos: Okay.
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Jeezy: don't like, he don't like, sake.
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Chairman of Chaos: I don't think they serve sake in China.
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Chairman of Chaos: Japanese.
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Jeezy: Hey, look.
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Manny: Tomatoes wine.
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Jeezy: Like, you really…
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Chairman of Chaos: Ty Rice, Ty Rice.
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Jeezy: Ride rice, tie rice, man, wait, wait.
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Jeezy: But, well, well, we're already right there. I guess we'll, take the ride with Trump over to the, to the other side of town.
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Jeezy: And we'll go to China for our first segment. Brother Trump, which, first of all, I don't know how in the world Trump made the trip.
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Jeezy: I'd love to see what that… what the preparation went in for that.
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Manny: Hmm.
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Chairman of Chaos: Listen, that diaper bag…
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Manny: Depends from flow to ceiling.
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Chairman of Chaos: It's a go bag… I know that bathroom on Air Force One gotta be top tier.
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Jeezy: They had, bro, they had… they have had to widen it.
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Jeezy: Put a, put a high toilet in it, could it sit too low.
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Chairman of Chaos: Ain't nothing worse than a little toilet and a big person.
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Jeezy: Bruh.
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Manny: Nothing.
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Jeezy: Especially when you got to go.
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Chairman of Chaos: Wool, what nature calls.
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Jeezy: As Kim would say, when love calls your name.
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Jeezy: I took a trip over, this week to our.
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Manny: Not Brother Trump.
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Jeezy: Oh yeah, I forgot.
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Manny: Mr. Trump. - yeah, Mr. Trump.
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Jeezy: Donnie T, we'll just keep it… we'll keep it clean. Donnie T. Donnie T took a trip this past week.
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Jeezy: over to China to see, Xi Jinping.
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Jeezy: For a diplomatic trip, and… Yeah.
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Manny: Could have gone worse.
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Chairman of Chaos: It's gonna work? Yes.
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Manny: Could have gotten worse.
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Chairman of Chaos: It could have. It could have.
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Jeezy: could have definitely gone worse. I think the headlines coming out of it is that there was no…
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Jeezy: Huge breakthroughs, but there was also no major blow-ups, unless you're talking about Trump's diaper.
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Jeezy: But I gotta know that that Chinese food did not sit well with the stuff.
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Chairman of Chaos: I don't even think he ate any Chinese food, bruh. There's no way.
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Manny: It would not shock me if, in all that pre-cargo that we send over before a U.S. presidential visit, if they sent, like, a mobile McDonald's.
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Chairman of Chaos: Oh, yeah. For sure.
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Jeezy: Eating 2-day old McDonald's.
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Manny: No, no, no, I think.
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Chairman of Chaos: No, no, no, no, no, set up a McDonald's.
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Manny: Yes.
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Jeezy: Oh,
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Manny: Because I know the… I know for a fact that Burger King has, like, a trailer.
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Chairman of Chaos: Yeah.
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Manny: that they can deploy that is, like, just a mini Burger King. I have to assume McDonald's has the same capacity, or has gained that capacity at some point.
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Jeezy: Doing that for the president is wild, bruh.
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Jeezy: Literally.
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Chairman of Chaos: Listen.
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Manny: Nope.
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Chairman of Chaos: I mean, that's…
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Jeezy: A hand sandwich, bruh.
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Chairman of Chaos: When he got special guests, he roll out the McDonald's, I mean…
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Jeezy: Yeah, that's true.
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Manny: How, how, how Trump look serving Cool.
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Manny: Big Max.
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Manny: You go ahead and find them fresh. Set up that trailer right outside the White House.
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Chairman of Chaos: Hold on, because wasn't it at the University of Georgia or whoever he gave? That big platter of McDonald's that had been sitting there? You could tell… look, the fries had gone limp and loose. You know that food with cold. He don't care nothing about giving them cold. He's not gonna be cold. Right. He'll serve cold food.
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Jeezy: Right. Well, on this trip, you know, there wasn't any major-ness that came out of it, from a headline perspective, but one part I want to touch on is I want to hopefully just get through a couple of takeaways of Trump's trip. He was there for about, I want to say 40, 43 hours in Beijing.
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Chairman of Chaos: Yeah.
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Jeezy: I will say that they did run, a timer.
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Jeezy: And they said that from the time it took Trump to get out of the plane to the bottom of the stairs was about,
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Manny: Four Obamas.
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Chairman of Chaos: Yeah, bruh.
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Manny: Y'all gotta stop doing this, man. Please. Y'all know this.
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Jeezy: Y'all know it tick his… y'all know it rides his nerves, man. It tick him off every time y'all bring up that man's name.
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Chairman of Chaos: He cannot stand that, man.
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Manny: Every time y'all do that, somebody's tariff goes up.
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Chairman of Chaos: Somebody.
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Manny: Every time. 7 o'clock.
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Chairman of Chaos: You get 5%, you get 10%.
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Jeezy: Every time y'all bring it up. But he got to Beijing, he spent there about… he was there for about 43 hours. And the trip produced no major breakthroughs, but we also avoided
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Jeezy: public embarrassment or diplomatic chaos, which helped, Xi project control and stability. Now.
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Jeezy: China's goals seem to be, let's create rules for engagement, let's reduce,
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Jeezy: unpredictability, and keep the U.S.-China relationship manageable, if you even want to call it that. And that matters because China's dealing with economic pressure at home, and they won't
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Jeezy: to have a calmer, foreign policy environment. So I'll ask this question, first to you, Chuck. Did Trump walk away, from this trip
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Jeezy: with any leverage here, or did, Chi basically get the photo op, the stability, and the respect without having to give Trump much in return?
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Chairman of Chaos: Well, first off, I want to start us by saying…
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Chairman of Chaos: I gotta salute China and the grandstanding that they do when they have a spectacle or a show. You think about when they had the Olympics there, and the extravagance, and the specter, and…
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Chairman of Chaos: the grandiose nature of the opening and the closing ceremony, and when… the pageantry that went on for Trump and the delegation that came in, like, they gave them the…
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Chairman of Chaos: they laid out, I guess, the red carpet, the red carpet.
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Jeezy: But…
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Chairman of Chaos: Like, it was just… it was very grandiose, so, you know, you know, did a lavish banquet at the Great Hall.
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Chairman of Chaos: just the many different things. So, you know, first off, I want to give them their, I guess you'd say their flowers, and just the pageantry and the beautiful nature of,
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Chairman of Chaos: they're welcoming in their ceremonies. But to your question.
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Chairman of Chaos: I don't… I… going into this, first and foremost, for those who don't know, this was supposed to happen in April, and got pushed back because of the mess that was made in Iran. So, they pushed this meeting back to May.
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Chairman of Chaos: And going into this, I already believe that the world was already looking at Trump funny. And…
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Chairman of Chaos: he's already caused an embarrassment to the U.S. and the U.S. military, and if I'm not mistaken, there was a,
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Chairman of Chaos: someone in Germany, I don't know, it might have been the Prime Minister, who cares? But they already said that the U.S. did not look as mighty and as strong as everybody perceived them to be because of the fumbling in Iran. So going over here.
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Chairman of Chaos: you… you playing behind. You know, your proverbial bank account is overdrawn, and you're going over here trying to get a new deposit.
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Chairman of Chaos: And… you have no leverage.
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Chairman of Chaos: You have… you're… it's very much like when…
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Chairman of Chaos: he was popping off, and then he, hey, can you guys come help us open up the, Straight of Hemuse again?
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Jeezy: Bruh.
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Manny: But y'all got it.
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Chairman of Chaos: Yeah, he'll do
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Chairman of Chaos: you're talking all this junk, and now, you know, you're asking for help. And a lot of that is…
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Chairman of Chaos: what happened over there, I'm not gonna say a lot of it, but…
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Chairman of Chaos: the talks about Iran happened while he was there. And so, you coming over here at this point, like, hey, go talk to your boy.
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Chairman of Chaos: You know…
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Chairman of Chaos: I tried to reason with them, but they're really not listening to me. Now, I know y'all… China is struggling economically. They're in a tough spot economically right now.
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Jeezy: Yeah.
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Chairman of Chaos: and… part of that is being contributed to what's going on in the Middle East, because…
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Chairman of Chaos: China's not getting the oil that they normally would get through that area because of the strait being shut down.
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Chairman of Chaos: They rely on other things, from that area, and also it's hindering their exports and shipping.
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Chairman of Chaos: As we've stated time and time again, that channel is a vital.
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Chairman of Chaos: Shipping Avenue.
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Manny: And so…
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Chairman of Chaos: with this, We are… we are the beggars, and beggars can't be choosers.
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Chairman of Chaos: So, with that,
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Chairman of Chaos: I honestly feel that's where we are, and we'll delve deeper into many other aspects of this trip, but just off your initial question.
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Chairman of Chaos: We had no leverage. We're coming with our hands up.
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Chairman of Chaos: You know, and I can say a sign of submission, but we're definitely looking weak.
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Manny: I mean, it's the same thing that happened to Russia when they went in Ukraine, where we thought Russia was gonna be in and out of Ukraine in a week.
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Manny: Like, what are we… we're heading into.
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Chairman of Chaos: Yes.
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Manny: of the war with Iran, and…
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Manny: everyone thought that this was gonna be done relatively quickly, and it's not, so it's like…
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Manny: to have leverage, you have to have something to offer, and what do we have to offer? And usually what we… what our big bargaining chip with China hit is… is, oh, we're offering access to the U.S. economy.
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Manny: That's usually the big bargaining trip that we have in those discussions with China, and we don't have that right now, because our economy's not doing great.
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Jeezy: Yeah.
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Manny: For… for the vast majority of people.
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Manny: Who, especially.
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Chairman of Chaos: So the stock market is a…
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Manny: Stock market's up. Up and to the right. But again, when you look at a manufacturing powerhouse that is China.
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Manny: Buying things.
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Manny: I'm not an expert in mathematics.
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Manny: But if I have one person that buys one thing.
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Manny: And 10 people that buy 10 things, if those 10 people
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Manny: their ability to be able to buy that one thing is impacted. That's gonna hurt me more than the one person being able to buy 10 things, but still only buying one.
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Chairman of Chaos: Yep.
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Manny: So, we're not in a great position, or at least
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Manny: one, that it… that is enviable to really have some type of leverage over… over Russia… I'm sorry, over China, because then again.
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Manny: they can go to Russia to get their oil.
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Jeezy: Yeah.
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Manny: you know, I think that right now, the way… the spot where China is winning is because now they're open to trading oil on non-dollar, non-U.S. dollar, non-petrodollar. So…
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Manny: But we're down bad. We're down bad. So, we're, like Chuck said, very much walking in there saying, please, sir, keep buying. Keep buying our treasuries. Keep sending stuff for cheap.
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Jeezy: I think you definitely can tell that energy from seeing Trump's reaction in certain things. I don't know if you guys saw the clip where he's walking around.
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Jeezy: the garden that, she has, and I don't know if you've ever seen somebody that's really trying to, like, piss up, but he's like, oh my god, wow, this is.
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Chairman of Chaos: No.
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Jeezy: Amazing.
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Jeezy: And I'm like, now, Trump, I'm sitting there looking, I mean, now, granted, I'm sure it's well-maintained, but, but, you know, come on now. Calm down a little bit.
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Chairman of Chaos: Jesus, to that point, he was like, oh, this is magnificent, like none other.
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Jeezy: I don't even use words like that. That's what I'm like, yeah.
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Manny: They wrote down all the, all the words to interject. And let's not forget, Z, does not speak English.
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Manny: Right.
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Chairman of Chaos: No. No.
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Jeezy: Trump would tossing his head off.
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Chairman of Chaos: But I think he understands, because some of them facial expressions he made.
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Chairman of Chaos: was like, I ain't feeling that. Unless he had one of them translating earbuds in.
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Jeezy: Yeah, he may have.
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Manny: Chinese tech is wild.
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Chairman of Chaos: Xiaomei, makes some of the dopest phones out there.
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Chairman of Chaos: So, yeah.
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Jeezy: Hey, bro. I definitely think that, to Chuck's point, though, he might not speak it.
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Jeezy: I totally understand it, and I've got a lot from that 43 hours, man. The faces that she make…
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Chairman of Chaos: Bruh.
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Jeezy: He ain't for a whole lot of foolishness, but he give off.
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Chairman of Chaos: At all.
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Jeezy: That black grandma vibe, bro. Like, I am not with it.
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Manny: When you said that in the group chat, I laughed.
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Jeezy: I'm telling you, bro.
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Manny: Uncontrollably for 2 minutes.
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Jeezy: It makes… bruh, I've seen that face too many times, bruh.
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Chairman of Chaos: I spot the BS, and I'm not with it.
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Jeezy: Yeah, I'm not with it. Whether it's in English or whatever, I can spot it
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Jeezy: Well, I think one thing that I want to bring up, too, as another takeaway, from this trip is, Taiwan.
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Jeezy: and Taiwan becoming…
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Jeezy: the quietly explosive issue here. And Taiwan may be, the biggest long-term story from this trip, because Yi
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Jeezy: She has already reported… I feel like we're gonna be butchering his name, bro.
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Jeezy: Y'all know.
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Chairman of Chaos: President G. G, X, Y. G-E-G. G, G, G, G, G.
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Jeezy: Wee-wee. Rick.
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Jeezy: He reportedly centered Taiwan early in the summit and made clear that China sees Taiwan as a red line.
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Jeezy: Trump then said that he had not decided whether to move forward
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Jeezy: with a multi-billion dollar arms deal to Taiwan, which created, some uncertainty.
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Jeezy: Now, it's being reported that some Trump advisors now fear, that China could move against Taiwan within the next 5 years, and they worry that the U.S. economy is not ready
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Jeezy: for the shock that would hit the semiconductor and the AI supply chain. Now, Taiwan's president has responded to this strongly, saying that Taiwan.
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Jeezy: will not be sacrificed or traded, and that U.S. arms sales are part of America's legal security commitment under the Taiwan Relations
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Jeezy: act. So, Manny, I want to ask you this.
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Jeezy: Should Trump treat Taiwan as a negotiating chip with China, or is that dangerous? Because it makes Taiwan feel like a bargaining piece instead of a diplomatic partner.
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Manny: Yeah, so they are absolutely a bargaining chip, like.
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Manny: let's kind of be… first of all, when we talk about Donald Trump and making deals, especially internationally, everything is a bargaining trip.
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Jeezy: Everything and everybody except for him. That's a fact. If it holds value.
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Manny: It can be traded for more or less value.
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Manny: I think what's interesting here is…
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Manny: the U.S. recognizes the one-China policy.
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Manny: That basically acknowledges that Taiwan is part of China.
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Manny: And for our listeners at home, it would essentially be like…
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Manny: Florida, we'll say Florida, or Texas, or South Carolina.
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Chairman of Chaos: Florida's perfect, because it's not the United States.
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Manny: right there.
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Manny: But it's like, Florida's saying, I'm my own country.
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Manny: We not part of the U.S. anymore, we…
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Chairman of Chaos: Especially South Florida. Right.
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Manny: And then they… and then we at this U.S, like, yes you are.
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Manny: And then China trying to do a deal with Florida, outside of any deals with the United States. So I think that makes it complicated.
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Manny: But you're right about the semiconductor space, especially with the gold rush of making chips and AI, pushing the production of chips.
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Manny: It's problematic, and it's not something that we can… you can fix in terms of capacity and output in 4 years.
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Manny: Like, we have been dependent on Taiwan for their chip, production abilities for a very, very long time.
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Manny: Now, individual companies have started shifting. You see… you've seen Apple now bringing all their stuff together and outside of Taiwan. I think we're going to see individual companies do that, but when we're talking about large, swooping infrastructure.
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Manny: That's really, really hard.
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Manny: And I think it was a $14 billion deal, I think that's gonna cause issues in Congress, because A we've already… we've already approved it.
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Jeezy: Yeah.
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Manny: But let's say we step away from that deal. We're like, hey, we're not gonna send you. What's that message that we then send at that moment to Japan, to South Korea?
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Manny: to the Philippines, all of our economic partners in that corridor.
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Manny: it looks… it looks real bad. And how do we regain that credibility? And how do these companies… these countries start then adjusting themselves in their relationships with the U.S. because of that?
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Manny: So I think it's rough. Will we trade?
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Manny: Will we be willing to trade our positioning on Taiwan to China for something? Yes. Is it going to be something that we want?
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Manny: Probably not.
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Chairman of Chaos: No.
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Jeezy: I know.
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Chairman of Chaos: It'll be a new gold jif.
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Manny: I'm like, what?
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Jeezy: Oh, my God.
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Manny: To the point you made earlier, Chuck, about the pageantry, if there is one person who loves some good pageantry, especially when it is targeted at him, and that is one Donald John Trump.
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Manny: Bye.
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Chairman of Chaos: Excellent facts.
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Manny: They would have done… I'm surprised there wasn't a drone show. Be like, look at all these bright colors.
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Chairman of Chaos: Hold on, hold on, hold on.
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Jeezy: We'll let the kids out of school for a day and let them, you know, wade in flames.
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Chairman of Chaos: Jump around if we… Yeah, but no.
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Jeezy: You, you talking about a drone show, -
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Chairman of Chaos: We're gonna give him our bare minimum, and he's gonna think it's a whole lot.
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Jeezy: Yep.
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Chairman of Chaos: But to the point about Taiwan, and it was very… it's very…
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Chairman of Chaos: very telling, it's very disconcerting, I'm sure, to the Taiwanese to hear Trump say that he had not made a decision,
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Chairman of Chaos: On whether to proceed with the arms sale, Hold on…
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Manny: It's already been approved.
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Chairman of Chaos: We came to an agreement. Like, this was negotiated and agreed upon, so what do you mean you don't want to keep going? And then…
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Jeezy: We've seen that trend with Trump, though.
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Chairman of Chaos: Oh, for sure. For sure.
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Jeezy: One thing, but when he go talk to somebody else, Something totally different.
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Chairman of Chaos: The best price. Give me the best price that's gonna most… be most beneficial to me.
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Jeezy: How can you… how can you deem yourself as the best negotiator?
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Chairman of Chaos: No deal, man.
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Jeezy: Knowing how to make a deal where you don't… you don't have a line. You don't… there's no line that you won't cross.
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Manny: But hear me out real quick.
295
Jeezy: Oh.
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Manny: Hit my theme music.
297
Chairman of Chaos: a…
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Jeezy: Little go.
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Manny: What if it's not actually about, you know, arming Taiwan? What if we are blowing through our supplies in Iran so fast?
300
Jeezy: Mmm.
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Manny: That we don't want to actually ship some of this stuff over, because we kind of need it on hand over these next couple months and years while everything kind of plays itself out.
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Jeezy: Mmm.
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Manny: I could see that being a very quiet undertone.
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Jeezy: Now, like, somebody don't know how to manage their resources properly.
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Manny: If only…
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Jeezy: I'm very familiar with this administration.
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Chairman of Chaos: Probably the…
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Manny: If the Department of Defense had passed an audit, maybe we'll know exactly what we have.
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Jeezy: Wasn't it reported that JD kind of had ringed this alarm, saying, hey, I don't think we got as much on hand as we keep… as Ken keeps saying.
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Chairman of Chaos: So JD was definitely the one saying, hey, I don't think we should do this, but if you're gonna do it, I support you.
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Jeezy: Buh.
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Manny: It's too convenient.
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Manny: Of a thing.
314
Manny: Yeah. And I think what he… what Trump is going to lack in this scenario, specifically around this scenario, is how does… how does Taiwan respond?
315
Manny: Because what they could respond with is, well, cool, we're not sending you any more chips. Or we're gonna incredibly splash chips.
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Chairman of Chaos: Yeah.
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Manny: Because not only are we not ready for that type of shift 5 to 10… 5 to 7 years from now, we're definitely not ready for that shift right now.
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Chairman of Chaos: What? We would be… Pitiful. Pitiful.
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Manny: Right now, in the chip world, you cannot find appropriately priced RAM because of the AI boom. I think they're saying a Raspberry Pi now, Chuck, costs, like, $100?
320
Chairman of Chaos: Yep.
321
Manny: That you could have got for nothing?
322
Manny: 5… 5 years ago?
323
Chairman of Chaos: for cheap, and had it shipped to you via Amazon.
324
Chairman of Chaos: Quickly. Quickly. Quickly. But yeah, and for Taiwan, hopefully they are preparing themselves, because as Trump said.
325
Chairman of Chaos: He hurds Yi out, and, you know, he is strongly opposed, which everybody knew, to Taiwanese independence.
326
Chairman of Chaos: Why are you hearing them out?
327
Chairman of Chaos: What is it to hear out? You knew how… you know where it stands.
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Jeezy: Exactly what he says.
329
Chairman of Chaos: And to me, I think this was the… the strongest point for G.
330
Manny: Right.
331
Chairman of Chaos: Because he was like, hey, we need to be friends. It works best when we're both working together with friends. But one thing we not about to do?
332
Chairman of Chaos: is let Taiwan be independent, because that's gonna mess up this friendship and put it in great jail. His exact words.
333
Chairman of Chaos: The relationship in great jeopardy.
334
Chairman of Chaos: Great Jeopardy.
335
Jeezy: You're not about to come to my house.
336
Jeezy: And talk to me about what I'm gonna do for what belongs to my… what belongs to me and mine.
337
Chairman of Chaos: Like, with the old classic gospel, sweep around…
338
Jeezy: Right.
339
Chairman of Chaos: Your own for a gold.
340
Chairman of Chaos: You're trying to sweep around mine. Yes, sir?
341
Manny: But it's like, in that same scenario, you come and you grab my remote from my TV and be like.
342
Manny: Hey, let's watch this. I'll sell it back to you.
343
Jeezy: Bruh.
344
Manny: Hmm, bro.
345
Jeezy: If you don't give me my remote…
346
Chairman of Chaos: First off, you better not even put your eyes on my remove. That is a man's… that's like the scepter to a man…
347
Jeezy: Straight violation.
348
Chairman of Chaos: on his throne, the king of this castle, the remote is his scepter.
349
Chairman of Chaos: Unless I hand it to you.
350
Jeezy: Don't you touch it.
351
Chairman of Chaos: Don't you touch it?
352
Jeezy: And certainly, don't you change no channel.
353
Chairman of Chaos: My, my, my.
354
Manny: And Trump said, the last thing we need right now is a war that's 9,500 miles away.
355
Manny: And you know what?
356
Chairman of Chaos: The last thing we needed…
357
Jeezy: Probably.
358
Chairman of Chaos: Was a war.
359
Jeezy: Period.
360
Chairman of Chaos: That was… Period. Yeah, period.
361
Manny: But he was like, it's 59 miles away, we're 9,500 miles away. First off, Trump, let's not act.
362
Manny: Like, we aren't one of the few countries that can put boots on the ground anywhere in the world in under 2 hours, if we really needed to.
363
Chairman of Chaos: Boots on the ground, boots made for walking, just leave the boots at home.
364
Chairman of Chaos: Just take the boots off. Take them off. Seal them by the front door. Seal them by… in fact, put them in the closet. Don't even leave them by the door. You leave them by the door.
365
Jeezy: Put them in the box, and just… and put them up, bruh.
366
Chairman of Chaos: Yeah, like, it's ridiculous. Now, I don't know if we want to move to talk about something else, because…
367
Chairman of Chaos: Taiwan…
368
Manny: It's gonna be playing out for a little bit.
369
Jeezy: Oh, for sure. Good luck.
370
Jeezy: Last time we mentioned them, but there was another familiar name that came up.
371
Jeezy: And that is… Iran.
372
Jeezy: Man.
373
Chairman of Chaos: I ran, you ran. We ran.
374
Jeezy: We ran.
375
Jeezy: But Trump wants, China's help on Iran.
376
Jeezy: But I think in this, China stayed careful in this. So, Trump went into the summit wanting China to, help pressure Iran, and I believe we heard, Marco Rubio. First of all, did y'all know that,
377
Jeezy: Apparently, Marco Rubio was sanctioned that he's not allowed into China, but they changed, like, his name so that he could come, and they said it's Marco Rubio the senator who's not welcome into China.
378
Jeezy: the diplomat… He can come.
379
Manny: Completely different person.
380
Jeezy: So that told me… people kind of swept over that, but I said,
381
Chairman of Chaos: What? I missed that one.
382
Jeezy: Hey, bruh, this… I was like, that's kinda… that's kind of badass about China, because they're like, look.
383
Jeezy: If you come talking peaceful, You can come in.
384
Jeezy: But the minute you start saying anything we don't like.
385
Manny: China has sanctioned… China has sanctioned a bunch of our politicians. Like, in the same way we do other people.
386
Jeezy: Yeah, yeah, yeah.
387
Manny: look to the other side, because, like, when are you gonna go over there? But I think it was interesting that China said, alright, come on.
388
Jeezy: Put your diplomatic hat, if you come with that senator tolerant.
389
Chairman of Chaos: Mind yourself.
390
Jeezy: I just…
391
Manny: So, China's probably like, probably feels bad for Marco.
392
Manny: jobs and counting? Like, Things changed ain't…
393
Jeezy: I don't feel bad for nobody.
394
Chairman of Chaos: They don't. You heard about the child labor? You heard about the child labor any time?
395
Jeezy: You're talking about where he working?
396
Manny: Good point.
397
Jeezy: And then…
398
Chairman of Chaos: Old China.
399
Jeezy: Working harder.
400
Chairman of Chaos: Old China, they used to block the people's feet so they ain't grow no more. They used to restrict how many children you can have. They don't care about no Marco Rubio.
401
Jeezy: He ain't working hard enough in their eyes. But, you know, Marco.
402
Chairman of Chaos: Hello.
403
Chairman of Chaos: Real quick, speaking of being restricted, y'all see the, the clip of the reporters who got ushered into a different room and, who was part of the motorcade? They were trying to follow Trump and Xi, and they was like, no, y'all can't go in here, y'all gotta go over here. Like, it… it was a mess. It was a mess.
404
Jeezy: We don't play them games over here.
405
Manny: Oh, no.
406
Chairman of Chaos: Everything ain't for your eyes.
407
Manny: Right.
408
Jeezy: Go to the children's table.
409
Chairman of Chaos: Wrong for us talking, hush your mouth.
410
Jeezy: Yes, sir. And don't repeat nothing you hear.
411
Jeezy: But, you know, Marco said the same thing, that, you know, hey, we're hoping that they can help us.
412
Jeezy: essentially because China has major economic ties with Iran and rely heavily on their energy flow in the Middle East. So, Trump said that, that Xi offered to help with the deal, but China's public position was much more cautious, calling for an end to hostilities and safe passage through
413
Jeezy: The Strait of Hormuz, without clearly siding with Trump on the whole pressuring campaign, and that's important.
414
Jeezy: Because China wants to look like a global peacemaker, not America's assistant. That's very important for them. So, it hasn't.
415
Manny: I challenge that. I don't actually think they want to look like the global peacemakers. I want… I think they would rather look like global kingmakers.
416
Jeezy: Well, when you compare it to looking like America's assistant.
417
Jeezy: You know, they definitely don't want to look like their assistant.
418
Manny: Aaron Boys.
419
Jeezy: Yeah, we're not doing that. This is… this is a… this ain't this.
420
Chairman of Chaos: Yeah, very much so.
421
Jeezy: But it has relationships in Iran and Gulf countries, Israel and Russia, so Beijing is trying to keep all doors open. But when you look at this, and I'll toss this question to you, Chuck.
422
Jeezy: Is China actually helping Trump on Iran, or is China just saying enough to look responsible while still protecting, their own interests?
423
Chairman of Chaos: China is helping China.
424
Manny: First and foremost.
425
Chairman of Chaos: bubble is there.
426
Chairman of Chaos: China or so formerly China So, a couple of things that I pulled from…
427
Chairman of Chaos: looking into all of this in regards to this Iran situation.
428
Chairman of Chaos: They agree with the U.S. that Iran does not need to have any nuclear weapons.
429
Jeezy: Yeah.
430
Chairman of Chaos: We understand why.
431
Manny: That would be the… but that's a… that's a global stance of every nuclear.
432
Chairman of Chaos: Yeah, yeah, yeah, yeah, yeah.
433
Chairman of Chaos: Then they also say the Strait of Hamuse should remain open, be reopened, be demilitarized, and free of tolls.
434
Chairman of Chaos: Again, China helping China.
435
Manny: Yep.
436
Chairman of Chaos: We don't need to be paying no extra $2 billion per ship.
437
Chairman of Chaos: We need to be able to flow like we need to flow, so we can get our commerce through, and get the commerce out, and go about our way, and not have any troubles.
438
Chairman of Chaos: They ain't got nothing to do with Trump.
439
Manny: Yeah.
440
Chairman of Chaos: That got… that benefits me.
441
Jeezy: That helped me.
442
Chairman of Chaos: It just so happens… It benefits you, too. It benefits you, too.
443
Manny: You can find yourself… you can find a win for yourself in the win for me.
444
Chairman of Chaos: Exactly. And then it was… it was interesting that they expressed interest.
445
Chairman of Chaos: key words here. Expressed interest in buying more American oil to reduce the reliance on the strait.
446
Chairman of Chaos: lip service.
447
Jeezy: Yep.
448
Chairman of Chaos: lip service. Again, like, you started this off by saying there were no major deals set forth.
449
Chairman of Chaos: If you wanted to buy more, you could have set it, locked in a deal right then, and said, we're gonna buy X amount of barrels of oil for X amount of dollars, or whatever, over the next period of time.
450
Chairman of Chaos: But we… we're exploring the option of… And so, so in that.
451
Chairman of Chaos: to re-emphasize your question, China's helping China, and it's funny that their foreign ministry, issued a separate statement.
452
Chairman of Chaos: Basically staying.
453
Chairman of Chaos: This war and conflict should have never happened in the first place.
454
Chairman of Chaos: So, so, in that, hey.
455
Chairman of Chaos: like, I started in the very beginning, Trump, you came in here looking foolish, and we're gonna continue to tell you this was foolish, but go ahead and get this over so we can get back to doing what we need to do for us, so we can get our money flowing again, because we were already, you know, hitting a rough patch, and this has made it a little rougher.
456
Chairman of Chaos: We ain't got time for it.
457
Jeezy: My thing that I don't understand, and then Manny, I'll go to you, is how do you ask someone
458
Jeezy: for assistance in something that you started. If it… just because you my… if you start a fight with my homeboy.
459
Jeezy: I had nothing to do with it.
460
Chairman of Chaos: Nothing.
461
Jeezy: Hey, I know you're cool with your homie. Hey, man, talk to him so we can squash
462
Jeezy: Wait a minute! You started it with him!
463
Chairman of Chaos: You start an…
464
Jeezy: just because I know him, or I'm cool with him, don't mean that I got anything to do with what's going on, so how do you ask for assistance in a mess that you started?
465
Chairman of Chaos: In the same way, the same way whoever said that earlier, Trump has no line.
466
Jeezy: Yeah?
467
Manny: None.
468
Jeezy: That believes it.
469
Chairman of Chaos: Simple as that. It ain't got no line.
470
Jeezy: Go ahead, brother man.
471
Manny: And I think the interesting part of this is, if you take out the Strait of Hormuz being.
472
Jeezy: Oh, bruh.
473
Manny: There's nothing that China wants more than the U.S. fighting a war.
474
Chairman of Chaos: Fighting facts. Yep.
475
Chairman of Chaos: Facts.
476
Manny: Like, this is good for them, on two fronts. You're cycling through a whole bunch of your stockpile, you're having to buy stuff, and the U.S. doesn't really make anything like that, like it did in World War II, so you gotta buy stuff from China.
477
Jeezy: It's both echo.
478
Manny: economically and from a position standpoint. The only reason China cares about the Strait of the entire war is because of the Strait.
479
Chairman of Chaos: Yep.
480
Chairman of Chaos: Simple as that.
481
Manny: And look, because notice all of those comments that they've made have been like, hey, we should probably stop the war, but most of the comments have been about the Strait, right?
482
Jeezy: Yeah, yeah.
483
Manny: hair is straight.
484
Jeezy: Probably ain't good for everybody, but you gotta do something about that straight.
485
Jeezy: And I gotta believe that behind the scenes, they're like, hey, look.
486
Jeezy: Can y'all let us maybe get about two, three ships through this week to kind of help us ease up a little bit?
487
Manny: Because here.
488
Chairman of Chaos: I would use a little bit of straightening.
489
Jeezy: All of the street, man.
490
Manny: Here's the one thing that we didn't hear about, the South China Sea, and how China lays claim over that, and that's been one of the biggest issues…
491
Chairman of Chaos: Big, big issue.
492
Manny: That we heard nothing about.
493
Jeezy: Crickets.
494
Chairman of Chaos: I'm talking about tensions basically… Warships blowing out their chests.
495
Manny: Yep.
496
Chairman of Chaos: That's a… that's a very astute point, my good brother.
497
Manny: Super cool.
498
Chairman of Chaos: Yeah, it was crickets on that.
499
Jeezy: Yes, sir?
500
Chairman of Chaos: No, they weren't eating crickets. Crickets make noise.
501
Chairman of Chaos: That was definitely Hush Mile.
502
Jeezy: Well, when you look at, you know.
503
Jeezy: moving from that point, and moving to the business side, and the optics that came with it, Trump brought, some guests along with him.
504
Jeezy: On this trip. And, he brought some CEOs with him, and Lee
505
Jeezy: Yeah, he brought a caravan. Is that the road.
506
Chairman of Chaos: He leaned a caravan.
507
Jeezy: the idea that American business can benefit from better access to China, but reporting suggests the trip did not produce major, and Chuck's already said it.
508
Jeezy: But it did not produce major announced deals from that business delegation, so…
509
Jeezy: There were, signs of movement on trade and investment discussions, but the deeper issue remains.
510
Jeezy: the U.S. and China are still locked in competition over technology, over manufacturing, over tariffs, over chips, and just global influence and all. So when you look at this, and when Trump brings these CEOs on a trip like this, and trying to use this as a
511
Jeezy: idea to lean more into American business. Is it smart for
512
Jeezy: Is it smart economic diplomacy, or is it risking looking like American business leaders are just there, for the ceremony, or for their own interests, vetted interests?
513
Jeezy: Alright, shoot, I'll throw that to you, Manny.
514
Manny: I mean… There can be conjoined wins in all this.
515
Manny: And I think one part of it is…
516
Manny: if I'm a U.S. company, like the… so, we had Tesla, NVIDIA, Apple, Boeing, BlackRock, NVIDIA, sorry, NVIDIA, Apple, Boeing, BlackRock, Blackstone, Goldman Sachs, Citigroup.
517
Manny: Cargill, GE, Qualcomm, Micron, Coherent, Visa, MasterCard, and Meta.
518
Jeezy: How much taxpayer dollars for all them folks to go on that trip now?
519
Chairman of Chaos: Bruh.
520
Manny: Yeah.
521
Chairman of Chaos: Bruh. And, and…
522
Jeezy: It's security.
523
Chairman of Chaos: Midway, midway, he picked them up midway en route.
524
Jeezy: Oh, bruh.
525
Chairman of Chaos: It ain't like… It ain't like they pulled up on… it ain't like they pulled up on them.
526
Jeezy: Yeah.
527
Chairman of Chaos: all jumped up. He picked them up mid-route.
528
Jeezy: Bruh, he… he used it at… what's it, what do they call it, Ubershare? What's the drug we use?
529
Chairman of Chaos: There's a new rideshare system called Fetty. It's called Fetty, Route Rideshare.
530
Jeezy: I was about to say, I know that Uber had an option, but I know we were a little more blessed that we didn't have to use that option, thank the Lord. We could just get our own Uber.
531
Chairman of Chaos: Yeah.
532
Manny: So, he brought on all these people, like.
533
Jeezy: Yeah.
534
Manny: And they all have their individual reasons for being there.
535
Manny: And I think, A, they look… does it…
536
Manny: Do they get to walk around with the bravado that they got access
537
Manny: to Chinese government officials that I've… I feel like should be problematic, and the FCC might want to say something about here, but I don't think they will.
538
Manny: But how do you get this high level of access to these Chinese officials that are blocking any type of investment you're either receiving from or trying to make in the area? So it makes 100%, you know, sense why I'm gonna go on this trip.
539
Jeezy: Yeah.
540
Manny: from the Trump standpoint, he gets to walk around and say that, hey, look at all these rich people, they come, and they just follow me, and I'm the Pied Piper of rich people. Look at all these people.
541
Jeezy: For rich people is wild.
542
Chairman of Chaos: Oh, man.
543
Manny: I saw them sitting behind me.
544
Manny: And so I think it makes sense, for them to go. So I think in that standpoint, they both win. But to the point, what came out of this?
545
Manny: And a sanctuary? Definitely a free… free trip on Air Force One.
546
Jeezy: Free German Air Force.
547
Manny: I've watched enough documentaries on the Discovery to… to…
548
Chairman of Chaos: Air Force.
549
Manny: And I'm like, oh, I'll take a ride.
550
Jeezy: Yeah.
551
Manny: Oh, pause.
552
Jeezy: Apologies.
553
Manny: by the.
554
Jeezy: Oh, that was a… Yeah, that was a grief.
555
Chairman of Chaos: Yee!
556
Jeezy: erroneous.
557
Manny: Ugh.
558
Jeezy: It's on us.
559
Manny: But, so, one of the things Trump, announced that China agreed to buy 200 planes from Boeing, and everyone was cheering, but I was like, hold up.
560
Manny: They made that same promise of 300 planes in 2017, and that didn't happen.
561
Manny: Soybean purchases. China committed to buy 12 metric tons by the end of 2025, and then 25 million metric tons annually from next year… well, this year through 2028.
562
Manny: And then there was…
563
Jeezy: Farmers, don't get, don't get excited.
564
Manny: Right. China granted a 5-year registration extension to 425 U.S. beef plants and approved 77 additional facilities.
565
Manny: Bessett acknowledged talks about a framework that could roll back tariffs on $30 billion worth of goods, so about 7% of what we import from China.
566
Manny: So… but strangely, also, Trump's saying the subject of tariffs didn't come up, so… oh, okay, that's interesting.
567
Jeezy: It did, and he just was asleep.
568
Chairman of Chaos: Or…
569
Chairman of Chaos: The need to bring up tariffs, because we're not paying them anyway.
570
Jeezy: Hmm.
571
Manny: Message!
572
Manny: And then you have all these tech companies who are…
573
Manny: Trying to position themselves to not be adversarial.
574
Manny: So, you have NVIDIA with what they do with chips, trying to easily ease around that. You still have the overwhelming tech issue of TikTok, and how that deal went down, and what does that mean for other companies coming out of China moving forward.
575
Manny: So…
576
Manny: the whole supply chain on AI, again, great opportunity to get all these people in one place to have a talk. Did it produce anything?
577
Manny: Nothing that we've seen. Well, it actually…
578
Jeezy: Concepts of a plan?
579
Manny: I mean, I guess we got concepts of thoughts of what could be in a potential plan one day, maybe.
580
Jeezy: That's a long sentence, man.
581
Manny: Possibly.
582
Chairman of Chaos: Possibly.
583
Manny: Asterisk, see reference below, like…
584
Chairman of Chaos: Conditionally stating… Right.
585
Manny: That we're thinking about it.
586
Manny: But we didn't… we didn't get anything.
587
Manny: We didn't get anything, and even… what was funny is, leading up to this, is there's so much talk about, hey, there are gonna be all these breakthroughs, and we're really about to move the needle, it's a new day for relationships.
588
Manny: There is nothing at this point at the recording of this podcast that would tell us, or tell me, I'll speak for myself, that would tell me…
589
Chairman of Chaos: No, you can speak for us.
590
Manny: That would tell us something significantly.
591
Chairman of Chaos: that benefit.
592
Manny: benefited the American public as a whole got done.
593
Manny: Nope. For us. I also have a trip to China.
594
Chairman of Chaos: So…
595
Jeezy: And a waste of your tax dollars.
596
Chairman of Chaos: My… that… amen, brother. Because what this looked like to me was the welfare line.
597
Jeezy: Definitely.
598
Chairman of Chaos: That's what this looked like to me. The high-priced welfare line. Yep. You were over there, in line, too big.
599
Jeezy: Yep.
600
Chairman of Chaos: That's what you were doing. Please, sir.
601
Manny: your investments?
602
Chairman of Chaos: Lisa!
603
Chairman of Chaos: Do work with my company.
604
Jeezy: At a time where I'm so fragile.
605
Chairman of Chaos: To… to siphon the dollars from your people.
606
Chairman of Chaos: But it is… it means absolutely nothing for the American people, because what these corporations and companies do not do
607
Chairman of Chaos: is put back into the American economy, to…
608
Chairman of Chaos: Shoot, most of these companies have announced layoffs. Massive layoffs.
609
Audio shared by Jeezy: Message!
610
Chairman of Chaos: Massive! So, you're going over here with your hand out, Wow.
611
Manny: For what?
612
Chairman of Chaos: With a red vacuum?
613
Jeezy: pocket.
614
Chairman of Chaos: Right back in your pocket. Parading around with Trump, And… and for him.
615
Chairman of Chaos: Calling him the Pied Piper of rich folks.
616
Jeezy: It was very…
617
Chairman of Chaos: Very adequate. Very adequate. Because all he's trying to do is, oh, look what I did. Look what… I put you before them. It's no different than the guy that's saying, hey, I'mma have a party. Come through, fellas, I got the girls here.
618
Chairman of Chaos: And the ones that come through there… -
619
Chairman of Chaos: But you wouldn't be seen outside with us.
620
Manny: Well, here's another interesting piece, like, you know what else I don't recall seeing anything on?
621
Manny: The, the whole fentanyl thing.
622
Chairman of Chaos: Bruh.
623
Chairman of Chaos: Bruh.
624
Manny: Like, cause that was a… that was a key thing with our beef with China, and… and…
625
Chairman of Chaos: Because I thought.
626
Manny: If things had actually gotten better or improved…
627
Chairman of Chaos: Stop, stop, stop. You just use the word.
628
Manny: Sorry, sorry.
629
Chairman of Chaos: with a T and ends with a T. That does not happen in this administration.
630
Jeezy: Yep, there's not.
631
Manny: But I would figure… but even from the China side, like, if there was any movement, I feel as though that people would have talked about that, and I don't recall hearing anything about that as well.
632
Chairman of Chaos: Why do I need to address something that I know that I am not the catalyst to a problem?
633
Chairman of Chaos: You just giving propaganda to your people.
634
Manny: Right.
635
Chairman of Chaos: You can talk all you want, like I said, with the tariffs.
636
Chairman of Chaos: Why does China need to even make a fuss about it when they're not paying it?
637
Manny: Yep.
638
Chairman of Chaos: That cost is handed down to the ones in America that they're doing business with that then hand that down to the consumers.
639
Chairman of Chaos: Yep. We made our fuss on here.
640
Manny: You mean that extra $1,500 to… to $1,700 a year that the Tax Foundation is saying the average American pays because of these tariffs? That… that thing right there?
641
Chairman of Chaos: Yep, that thing right there.
642
Chairman of Chaos: That thing right there. So, and you mentioned the Boeing deal.
643
Chairman of Chaos: No specifics was given, very little detail. When you, when you, when you said…
644
Manny: geez.
645
Chairman of Chaos: When you set a deal in place, and you want to lock something in, you provide some context, some substance of what this is gonna look like.
646
Jeezy: Yeah.
647
Chairman of Chaos: The soybean deal… What specifics did you give? You gave a time frame.
648
Manny: Will they identify.
649
Jeezy: Anybody can give a time, right?
650
Manny: of the commodity, soybeans. We're talking.
651
Chairman of Chaos: Yeah, because they've been… they have been buying soybeans from us heavily.
652
Chairman of Chaos: Heavily, like, they were the number one…
653
Chairman of Chaos: ex- purchaser of soybeans from U.S. farmers.
654
Chairman of Chaos: And that's part of the thing that hurt…
655
Chairman of Chaos: one of the many things that are American farmers.
656
Jeezy: But…
657
Chairman of Chaos: That has hurt them.
658
Jeezy: But for you having a president who claims to be the champion of American First.
659
Jeezy: I would think, for the American farmer, this would be a slap in the face, because the damage to most of them has already been done.
660
Chairman of Chaos: It's R.
661
Jeezy: And with China saying that they're gonna do this by X date.
662
Jeezy: I gotta believe a vast amount.
663
Chairman of Chaos: I might not even be around.
664
Jeezy: Have already sold land, lost land.
665
Jeezy: generationally have gotten out of the farming industry because of what has already taken place. The blow has already been done. You know, you can certainly make it worse, but you've already punched me and knocked me down in the mouth, and I may be able to get back up. It's kind of like that, fight night.
666
Chairman of Chaos: Oh, yeah, we…
667
Jeezy: You're trying to get, you know, side to side, you're trying to get them two to line up so you can get them?
668
Jeezy: You're at about 7… you're at a 7 and 8 count right now, so with… with China saying this, Trump, you gotta be careful, because…
669
Jeezy: you know, you've already made, and I think we talked about it on the previous episode, you've already made some promises and… and made, these…
670
Jeezy: These concerns to these farmers as if you're doing something to help.
671
Jeezy: This might be the last straw, brother.
672
Manny: Right.
673
Chairman of Chaos: And do you know… Go ahead, man.
674
Manny: I think the other thing that's interesting, linked directly to the farmers, is having Brian Sykes from Cargill there.
675
Chairman of Chaos: Bruh.
676
Manny: big in rare earth metals… Yeah. Sorry, rare earth minerals, in terms of fertilizers.
677
Manny: And other industrial agriculture kind of pieces, like…
678
Manny: You got them there because we've been locked out of China's rare earth minerals.
679
Manny: We heard nothing about any advancements in that space.
680
Jeezy: Cause it ain't none.
681
Chairman of Chaos: Cause we got, cause we got Venezuela.
682
Manny: Oh, sorry.
683
Chairman of Chaos: I forgot, I forgot. They're gonna, they're gonna give us everything, and we're gonna sell it at a premium, and we'll split the profits, you know, 70-30 with them, whatever.
684
Manny: neither.
685
Jeezy: I get something to mine, and then I get the lesser percentage.
686
Chairman of Chaos: Listen.
687
Manny: It's like the, it's like the parties we used to throw in college, where the clubs wanted to take,
688
Chairman of Chaos: Wars.
689
Chairman of Chaos: Anyway…
690
Manny: Hold on, wait a second.
691
Chairman of Chaos: But to something that Jeezy said earlier, and I had to go and verify it, because I thought I saw the report on it.
692
Chairman of Chaos: America first, in the slap in the face to the farmers.
693
Jeezy: Mmm.
694
Chairman of Chaos: Trump was also questioned about China and their purchasing of U.S. farmland and land in the U.S.
695
Chairman of Chaos: And for him to be America first, he said, oh, I agree with it.
696
Chairman of Chaos: There are people who don't agree with me, but I agree with it, I don't see the problem in it.
697
Manny: Sir.
698
Chairman of Chaos: From a national security perspective.
699
Jeezy: above all.
700
Chairman of Chaos: From…
701
Manny: The map…
702
Chairman of Chaos: Above all things.
703
Manny: The map of the… of the Chinese farmland, owned farmland in the U.S. near military bases is…
704
Chairman of Chaos: that…
705
Jeezy: Wow.
706
Manny: Oh, cool.
707
Jeezy: Wow. See the world.
708
Chairman of Chaos: Not to mention the purchase, and I had a problem with this, because the bacon don't taste the same ever since they purchased it, with Smithfield,
709
Chairman of Chaos: Packing, I could say smithing, whatever. The port. Yeah. They bought all… bought that business.
710
Chairman of Chaos: I don't know what they did with them pigs, but that bacon don't hit the same.
711
Manny: It don't.
712
Chairman of Chaos: You just don't eat the same.
713
Chairman of Chaos: But yeah, so how can you be America first, and looking out for our farmers, And you're providing… a…
714
Chairman of Chaos: Insane amount of access to U.S. land.
715
Chairman of Chaos: And Manny made a great point to emphasize near military installations.
716
Chairman of Chaos: opening the door.
717
Manny: 350,000 acres.
718
Manny: That's how… that's how much.
719
Chairman of Chaos: That's nuts. That's nuts.
720
Manny: That area?
721
Jeezy: president saying, I don't see nothing wrong with it.
722
Chairman of Chaos: And you put a ban on their cell phones, their cell phone brand, Xiaomi, from selling in the U.S. because you were worried about
723
Chairman of Chaos: information and spying through these phones. You forced a sale of TikTok.
724
Chairman of Chaos: to a U.S. company Because you were worried about the surveillance and the geolocation data
725
Chairman of Chaos: Being received by this service.
726
Chairman of Chaos: although Oracle is doing the same thing, but we ain't gonna talk about that.
727
Manny: It wasn't the ability they had issue with, it's who had access to the.
728
Chairman of Chaos: No, no, no, no, no, I'm not talking about the ability. I'm talking about the access to the… they have.
729
Manny: Yes.
730
Chairman of Chaos: When I say the geolocation data.
731
Chairman of Chaos: D, you got it. You got this information.
732
Chairman of Chaos: Oracle has the same information, doing some of the same things that they were worried about China was doing. That's why I don't have TikTok anymore. But…
733
Jeezy: Correct.
734
Chairman of Chaos: But here, hey.
735
Chairman of Chaos: Go buy 350,000 acres of land to put whatever you want to put on it.
736
Chairman of Chaos: To spy, however you want to spy.
737
Chairman of Chaos: And we got… we got a chain of balloons floating across the sky, all across the U.S.
738
Jeezy: That we… that we never knew what that was going…
739
Manny: And just went away.
740
Jeezy: But hey, China said, hey, listen, you can take the cell phones, you can take TikTok, but I tell you this, there's more than one way to skin a cat.
741
Jeezy: We gon' get it.
742
Chairman of Chaos: Neither.
743
Jeezy: By any means necessary.
744
Jeezy: And you got the president saying, oh yeah, I don't see nothing wrong with this at all.
745
Jeezy: Wow, bro.
746
Jeezy: Well, I think that when… when you really…
747
Jeezy: Look at all this and sum it up.
748
Jeezy: I think China wants… Definitely in this summit to seem like America's equal.
749
Jeezy: one of the most important themes that she appeared to frame, China is not as a rising power. He does not want that to be the framework of what China is.
750
Jeezy: But he's asking for respect, because as a power, that has already seen itself as America's equal is what he sees China as, so…
751
Jeezy: has quoted a Trump advisor saying that Xi's message was, essentially, China is not rising anymore, which I think that this… we could tell by how China has looked over the past few months and past year.
752
Jeezy: that China is saying that they're here. We're here at the stage, we're here at the big stage, and Taiwan is a part of its core claim. And that changes the tone.
753
Jeezy: This is not just a trade meeting, this was a global power meeting, and I think that
754
Jeezy: She was very adamant in making sure that China looked to be that arriving threat, that arriving star, not this rising power. So, when we look at this, did this summit show America is still setting the rules?
755
Jeezy: globally, or did it show that China now believes
756
Jeezy: That it gets equal say in the rules, on the playing field, as America.
757
Chairman of Chaos: Absolutely not.
758
Chairman of Chaos: Absolutely not. The U.S. is not setting the rules.
759
Chairman of Chaos: Absolutely not. And there's no further example of that than the conversation about nuclear arms control.
760
Manny: Yep.
761
Chairman of Chaos: So, there was a, a, a pact between the U.S. and China,
762
Chairman of Chaos: in regards to the amount of, nuclear weapons that China would have on hand in their arsenal.
763
Chairman of Chaos: Well, that expired.
764
Chairman of Chaos: in the U.S, Came on board and was like, hey guys, let's talk about this again.
765
Chairman of Chaos: And G and Company was like,
766
Chairman of Chaos: Until we get our arsenal up to what you and Russia have, Ain't nothing to talk about.
767
Chairman of Chaos: And that's to your point about them wanting to be seen as…
768
Chairman of Chaos: Viewing themselves as, and presenting themselves as, an equal.
769
Chairman of Chaos: Because when it comes down to it, I think the, previous reported numbers are they had somewhere upwards of 600 nuclear warheads in the U.S. and Russia, somewhere in combination of over 5,000.
770
Chairman of Chaos: China wants to be…
771
Chairman of Chaos: in that number. As the good folks say, I want to be in that number when the Lord come calling. And so, Trump, like he, in Trump fashion.
772
Chairman of Chaos: Said it was very positive… a very positive response when it was brought up.
773
Chairman of Chaos: No, it ain't no positive response if he told you no. Bruh.
774
Jeezy: Maybe he tried to make it in… he wasn't aggressive in his note, maybe it was a soft note.
775
Chairman of Chaos: You know what, man, let's… let's… It was no. Regardless of how you dress it up, it was no. And, you know, and China's like, hey, if we do do a pack, it will be…
776
Chairman of Chaos: the U.S.
777
Chairman of Chaos: China, and Russia.
778
Chairman of Chaos: Because…
779
Chairman of Chaos: once we get where we want to be, I think I saw a report that they're pushing to have
780
Chairman of Chaos: equal to or not far off the nuclear arsenal as the U.S. and Russia by 2035.
781
Manny: Yep.
782
Chairman of Chaos: this package expired, I ain't… I'm not obligated to keep my word to you.
783
Chairman of Chaos: to not build my arsenal. And since I don't have to keep my word to you, when I get my arsenal up.
784
Chairman of Chaos: Then we can talk about.
785
Manny: Look.
786
Chairman of Chaos: Then we can talk again. And if you're not talking how I want to talk, and I think that's where the whole…
787
Chairman of Chaos: this relationship is in great jeopardy, depending on how you step this line with Taiwan.
788
Jeezy: Yep.
789
Chairman of Chaos: So…
790
Manny: If you look in comparison, and I agree with everything you say, Chuck, if you look in comparison to
791
Manny: what the U.S. got, what does Xi getting out of it? He definitely has the optics.
792
Jeezy: Yep.
793
Chairman of Chaos: Oh, yes.
794
Manny: these… from internal media reporting in China, these meetings ran far longer than they were scheduled to. So, very much, he's… he got that visual.
795
Manny: that the propaganda shoots of the U.S. and China being on equal footing.
796
Manny: he got leverage on the whole Taiwan situation with the U.S. publicly saying that America does not support Taiwan independence on Chinese state TV.
797
Manny: What?
798
Chairman of Chaos: What does it say? Your silence speaks volumes.
799
Chairman of Chaos: When you don't make a definitive statement in that regard, it speaks volumes.
800
Jeezy: Yes, sir.
801
Manny: they… they now have the… now it appears, it looks like China has some level of leverage over that arms deal to Taiwan.
802
Jeezy: Mmm.
803
Manny: China looks like it's potentially going to get access to these, H200 processing ships that they've been trying to get for a while, but have been locked out because of how the U.S. has sanctioned exports.
804
Manny: And then there's talk about Xi proposing a 3-year operating framework between the U.S. and China that would essentially kind of tie the hands of whoever comes after Trump if they want to change anything.
805
Manny: So you see China now thinking that long-term game, how do I lock this relationship up for the long term, no matter who sits in 1600 Pennsylvania?
806
Manny: So, I think… and I think at the heart of it, Beijing is trying to capitalize off of how transactional Trump is.
807
Manny: And when you have someone who's thinking transactionally, not necessarily long-term, you're going to make bad deals in the long term that, in the US case, are bad in the short term, and even worse in the long term.
808
Jeezy: Man.
809
Chairman of Chaos: I asked on Instagram, and slightly abbreviated.
810
Chairman of Chaos: If you're only operating transactionally, does that make you the prostitute?
811
Jeezy: Hold on.
812
Audio shared by Jeezy: Message!
813
Chairman of Chaos: I'm just saying, man, it's nasty work.
814
Jeezy: Well, I mean, not… I've never bought one before, but Trump definitely…
815
Jeezy: The vibes that he moved like a prostitute.
816
Chairman of Chaos: Or at least an escort.
817
Jeezy: At least an escort, yeah. At least. Minimum.
818
Jeezy: Well, I think, man, the cleanest way, to summarize, Trump's, China trip is this.
819
Jeezy: No disaster.
820
Jeezy: No grand bargain.
821
Jeezy: But a lot of warning signs.
822
Jeezy: She got stability?
823
Manny: All the dashboard lights are on.
824
Jeezy: Bruh. Check engine light, oil light… Even the.
825
Chairman of Chaos: Tire pressure, tire pressure low. Yup.
826
Jeezy: the lights on, but I didn't cut them on. The whole thing is lit up. But, you know, she got, stability, Trump got ceremony, Taiwan got nervous.
827
Jeezy: Iran stayed complicated, and the world got another reminder that the U.S. and the China competition
828
Jeezy: It's not just about tariffs.
829
Jeezy: It's about who gets to shape, in my opinion, the next decade.
830
Jeezy: So now, the question is whether this was… diplomacy, That bought time.
831
Jeezy: or diplomacy that gave China exactly the time That they wanted.
832
Jeezy: We'll find out the next episode of
833
Jeezy: Brothers, any more thoughts? Any more thoughts on Trump's China trip?
834
Manny: Oh.
835
Chairman of Chaos: I'm all cried out.
836
Chairman of Chaos: Over you.
837
Jeezy: To our listeners, that is our coverage of, our segment of the Trump-Tana trip. President Trump is back home, and I don't know if you guys have seen, the recent report, but, it was announced this past Saturday, after Trump had left.
838
Jeezy: By the Kremlin that, Vladimir will be coming to town.
839
Manny: through next week.
840
Jeezy: So, you know, your old boy left?
841
Chairman of Chaos: Well, you… oh, real quick, real quick, and I meant to bring this up earlier, not to revisit or rehash, Trump and… Trump in China… not Trump in China, but that was the first time, a U.S. president had been there in the past 9 years.
842
Chairman of Chaos: In… I guess since Trump's first administration, so that was… that was very interesting as well.
843
Manny: in it, yeah.
844
Chairman of Chaos: Ew.
845
Manny: Well, we did have the whole pandemic, and it was kinda…
846
Chairman of Chaos: I mean…
847
Manny: No, they could.
848
Chairman of Chaos: Anything, hu.
849
Manny: I wanted to make it happen.
850
Manny: They could have made it happen.
851
Chairman of Chaos: They could have made it happen, yes, for sure.
852
Chairman of Chaos: Vladimir coming here is very interesting.
853
Jeezy: And the timing. The timing.
854
Chairman of Chaos: Timing, yeah.
855
Jeezy: I mean, they ain't even got… they're probably still working to get the scent out the room, and .
856
Manny: Stop.
857
Chairman of Chaos: What kind of, what kind of scene is it?
858
Jeezy: A.
859
Jeezy: One that only babies produce.
860
Jeezy: really the illness.
861
Chairman of Chaos: I don't think… I don't think babies smell like that.
862
Jeezy: Bruh. What kind of bed they had Trump laying in? What kind of Airbnb they had for Trump when he was living?
863
Chairman of Chaos: Is that real?
864
Manny: Was that the Four Seasons?
865
Jeezy: Right.
866
Chairman of Chaos: It was looking at some of these chairs they had him in.
867
Chairman of Chaos: He was so uncomfortable.
868
Jeezy: Ayy.
869
Chairman of Chaos: Oh, man.
870
Manny: she knows.
871
Jeezy: Don't say we ain't in Kansas anymore.
872
Manny: You know, that's one of the things that China is known for doing, is setting up these little, like, psychological.
873
Chairman of Chaos: Psychological visual games.
874
Manny: Yep.
875
Chairman of Chaos: For sure.
876
Jeezy: And we… and we sent… and we sent the biggest fool over there.
877
Jeezy: Like my grandma would say, got played like a fiddle.
878
Chairman of Chaos: Y'all really elected this man in office, again.
879
Jeezy: You bet.
880
Jeezy: I'll never forgive y'all.
881
Chairman of Chaos: Ever.
882
Jeezy: As Drake said on Iceman, can I forgive? I won't.
883
Jeezy: Well, that is our coverage of Trump in China. We will see what comes, out of the meeting that will be happening this week with Russia's President Vladimir Putin coming to town, and what tone, what things may change, and I'd be interested to see how Trump reacts.
884
Jeezy: Cause, you know, it's one thing that, you know, I just left from over there, and now somebody else over there.
885
Jeezy: I wanna know what was said.
886
Jeezy: I wanna know what happened.
887
Jeezy: What'd you tell me that you told him?
888
Chairman of Chaos: And, you know, well, he didn't even do the G, he tried to, you know, a little handshake, pocket move. Oh, yeah. He didn't even dare try that with Vladimir.
889
Jeezy: But, which, I'm gonna be honest, standing beside Trump, I didn't know she was that, you know, that big, Paul.
890
Chairman of Chaos: Yeah, he's much taller than I thought he was. Vladimir's a little guy. Vladimir's a little guy, but Vladimir…
891
Jeezy: Letterman got that forearm on him, he got that string.
892
Chairman of Chaos: They can't…
893
Jeezy: That KGB strip.
894
Chairman of Chaos: than KGB.
895
Jeezy: Trump ain't seen, like, the lit the size fool you, though.
896
Chairman of Chaos: Maybe you're short guy. I feel like don't push me.
897
Jeezy: But we'll see how Trump responds, because you know he don't like nobody circling around and getting the upper hand on him, so… I gotta think he's gonna have some comments. Somebody's gonna ask him what he thinks.
898
Manny: Somebody gonna say something.
899
Jeezy: And we know it's gonna… he might call somebody stupid and get upset, you don't know.
900
Jeezy: So, with Trump, we'll find out what happens this coming week, but we'll switch to our next, segment of the podcast, and…
901
Jeezy: Folks, We had the end of an era.
902
Chairman of Chaos: It is so hard… To say goodbye.
903
Chairman of Chaos: To Jerome, bye.
904
Jeezy: The end of an era has come in American economics.
905
Jeezy: After, I believe it was 8 years?
906
Manny: Yeah.
907
Jeezy: 8 years. As Chair of the Federal Reserve, our brother, the Honorable, Jerome Powell.
908
Manny: But I'm done.
909
Jeezy: But only a few white men I knew named Jerome.
910
Jeezy: He's done. And whether you love him…
911
Manny: You said few, like, you know multiple… at least one.
912
Chairman of Chaos: I was about to say…
913
Manny: White person, man. White person named Jerome.
914
Jeezy: Well, I might not know one named Jerome, but I've seen a couple that have some.
915
Chairman of Chaos: Jerome Taylor.
916
Jeezy: names. That's a very colorful… I know a white man named Daryl.
917
Jeezy: Daryl to me ain't a white man's name.
918
Chairman of Chaos: I was about to say something, but yeah, I know a white man ain't Daryl, too.
919
Jeezy: Is Jerome the, like, the equivalent of, like, Rusty in white names?
920
Chairman of Chaos: If a black man was named Rusty, I would be shocked by that, too. Okay. Yep, yep, yep, yep.
921
Jeezy: Resty.
922
Chairman of Chaos: Rusty. I can see you.
923
Chairman of Chaos: Because I know at least 3 Rusties is white.
924
Jeezy: And it gotta be white, bruh.
925
Chairman of Chaos: Yeah, they white.
926
Jeezy: Buh.
927
Jeezy: Jerome… the Honorable Jerome Powell's done, man.
928
Jeezy: And… whether you loved them, Whether you hated him.
929
Jeezy: Almost every American was felt by his impact.
930
Jeezy: on his, his impact on his decision. So, from mortgage rates, to car loans, to credit card interest, to inflation at the grocery store, to job growth.
931
Jeezy: Even whether businesses hired or laid people off.
932
Jeezy: Powell's fingerprint is all over it, so… The biggest thing… behind this.
933
Jeezy: is did Jerome Powell save the economy or create a mess he spent years trying to fix? And we're gonna, through this segment, gonna break this down, but the first thing I wanna know, I wanna talk about is who is Jerome Powell?
934
Jeezy: And why should people care? Because you may say, as a regular American, say, I don't even know who Jerome is, which you should, because if you hear a white man named Jerome Powell, that should spark your interest off-gate.
935
Manny: Like, what?
936
Jeezy: you should want to know what kind of type of man this is. And just, I believe we broke it on a previous episode, he is the only one out of his siblings with a name like Jerome. Everyone else has…
937
Jeezy: A regular… White name.
938
Jeezy: Jerome is the only one of his mother's kids named Jerome. So she must have saw something in him.
939
Jeezy: And knew that, knew that he was destined.
940
Manny: He's awesome.
941
Jeezy: such a name as this. But…
942
Jeezy: First, I want to explain why this matters, because a lot of people hear the Federal Reserve Chair and instantly tune out. I think that's a lot of Americans. But the Fed Chair may quietly be one of the most powerful people in America. You know, they control the U.S. monetary policy, and Jerome became federal chair in 2018.
943
Jeezy: And was appointed by Trump, which I think is big for people to know, because he has been criticized so much.
944
Chairman of Chaos: Yes.
945
Jeezy: And you've even had this fool, Trump.
946
Jeezy: blame Obama and Biden.
947
Chairman of Chaos: Put your own.
948
Jeezy: Wardrome.
949
Chairman of Chaos: But…
950
Jeezy: We've literally seen Trump announce his appointment on the Rose Garden where he picked Jerome, but for some reason, he's forgotten that. But unlike politicians, the Fed is supposed to operate independently from the White House. Now, if you're new to politics, or if you're just so far one-sided, you just don't understand how things work.
951
Jeezy: Don't let Trump fool you.
952
Jeezy: The Fed chair is supposed to operate independently. No matter how much Trump tries to say that it shouldn't, no matter how much
953
Jeezy: as a pressure or force. The Fed is independent and should be independent for a reason, because their biggest is that they're raising
954
Jeezy: interest rates to slow inflation, they're lowering rates to stimulate the economy, and they're managing the money supply and financial stability. You don't want the person, I think that we all can agree, if we all come together in the classroom.
955
Jeezy: That you want the person doing that independent. Shouldn't be influenced by anybody. They should just be doing their actual job.
956
Jeezy: So why, under Powell.
957
Jeezy: We've seen a couple of things, and we're gonna talk about it. Mortgage rates exploded.
958
Jeezy: From around 3% during COVID to over 7% at a peak tightening.
959
Jeezy: Credit card interest rates hit record highs. Car loans became drastically more expensive. Inflation spiked to 9.1% in 2022, which was the highest in roughly 40 years. But unemployment stayed surprisingly low during most of the crisis, so…
960
Jeezy: A question I want to ask, and I'll go to you first, Chuck, is do you think most Americans even realize how much power the federal chair actually has over their everyday life?
961
Chairman of Chaos: I was about to be real cynical.
962
Chairman of Chaos: They say most Americans don't know what the Federal Reserve is.
963
Jeezy: He is, yes.
964
Chairman of Chaos: They have no idea the functioning aspect of the Federal Reserve. Some… most Americans can't tell you what the Fed prime rate is.
965
Chairman of Chaos: Right. And what significance it holds. So, no.
966
Jeezy: Oh, where is it located?
967
Chairman of Chaos: No, absolutely, no. The simple…
968
Jeezy: Boy, yes.
969
Chairman of Chaos: Bruh, I had a young man tell me he didn't know what the state abbreviations were.
970
Chairman of Chaos: So…
971
Jeezy: Oh my god.
972
Chairman of Chaos: So… Like, like…
973
Manny: Any of them, or, like, just one in particular?
974
Jeezy: Almost?
975
Chairman of Chaos: I rattled off 5, and he… and, like, 5… easy ones.
976
Manny: Like, like, Texas?
977
Chairman of Chaos: He didn't know what VA was.
978
Jeezy: Bruh.
979
Manny: What…
980
Chairman of Chaos: I didn't know what Alabama's…
981
Manny: What about you?
982
Chairman of Chaos: Radiation was.
983
Chairman of Chaos: I didn't even break…
984
Jeezy: Did he know the abbreviation of where he lived?
985
Chairman of Chaos: He lives in Georgia. He didn't know Alabama.
986
Jeezy: Bruh, that's…
987
Manny: Man.
988
Chairman of Chaos: Sue.
989
Jeezy: the lack.
990
Chairman of Chaos: Yeah. So, to think the average American knowing
991
Chairman of Chaos: who the fair chair is, the functionality and the responsibilities of the fair chair, or the Federal Reserve Bank, knowing where they are, they barely know how to manage their account at their regular bank. Right. So, to… And I say that in a gest…
992
Manny: reality.
993
Chairman of Chaos: But it's sad, because I spent over 10 years in the banking sector.
994
Chairman of Chaos: And I saw… Individuals from… 40s, 50s, 60s… to youngins, Teenagers into their early 20s, who struggled…
995
Chairman of Chaos: In the functionality of the banking system.
996
Jeezy: Yeah.
997
Chairman of Chaos: So, although I say this in jest, I understand the severity and the sadness in this, and I actually took pride in educating and helping people in understanding the bare necessities.
998
Jeezy: Yeah.
999
Chairman of Chaos: of banking. So, and we can blame many aspects, because honestly, for me, growing up.
1000
Chairman of Chaos: That wasn't a part of the conversation in my household.
1001
Chairman of Chaos: It was not… a full…
1002
Chairman of Chaos: Excuse me.
1003
Chairman of Chaos: Oh, excuse me, it was not a full…
1004
Chairman of Chaos: context of understanding, because my people didn't have a full understanding. I got to gain this understanding through the years of engagement, action, and then employment, but…
1005
Chairman of Chaos: You, you put a checkbook
1006
Chairman of Chaos: I had individuals in their 50s who couldn't write a check. Didn't know the proper way to write a check.
1007
Jeezy: Yeah.
1008
Chairman of Chaos: You tell someone who is 23 right now to write you a check, and they be like, what's a check?
1009
Chairman of Chaos: You want me a Nike check? Like, so, so…
1010
Chairman of Chaos: There is a significant gap in understanding and information that is not being provided, nor is it being sought out.
1011
Chairman of Chaos: Because sometimes… I…
1012
Chairman of Chaos: I don't know what to seek and understand, and I have no… I haven't even been exposed to it.
1013
Manny: Right.
1014
Chairman of Chaos: So… yeah, man.
1015
Jeezy: The statement always goes, if you knew better, you do better, but then there's a level of that that people actually just don't know.
1016
Chairman of Chaos: They don't know. They don't know. I tell my kids all the time, I never fuss at you and upset with you about things you don't know.
1017
Jeezy: won't know. Right.
1018
Chairman of Chaos: I'm upset about what I know you know better than to do.
1019
Jeezy: Yep, yep, you're 100% right, and I bring up that only to drive home to our listeners the importance.
1020
Jeezy: And the disconnect is not just this topic.
1021
Jeezy: but we'll keep moving on, but…
1022
Jeezy: There's a multitude of things that impact you, In your everyday life.
1023
Jeezy: And there is a vast majority of Americans who do not have even a…
1024
Jeezy: elementary or beginning level understanding of these things. So, in this segment, if you're one of those listeners, we're certainly not here criticizing you, but what we are doing is shining a light to say, hey.
1025
Jeezy: If you don't know who Jerron is, what the Federal Chair does, what the Federal Reserve is.
1026
Manny: Now's your opportunity.
1027
Jeezy: Educate yourself.
1028
Jeezy: And here's your opportunity, and the information is there. And if not.
1029
Jeezy: You can reach out to our,
1030
Jeezy: our local financial… our residential financial advisor here, Brother Chuck, who's already said his years of learning and being employed and engaging in the industry, that he can certainly give you
1031
Jeezy: some knowledge, and I believe, and I hope this ain't a bad plug, but I believe that he has had episodes as well on his podcast, Encompass, where he talks about
1032
Jeezy: Some of these things. So, you better get some of that wisdom Before, it's no longer free.
1033
Chairman of Chaos: Sign up for my Patreon.
1034
Jeezy: Sure. But… Moving on with Jerome.
1035
Jeezy: you know, I want to talk about, one of the biggest tests that he had.
1036
Jeezy: Jerome's defining moment, I believe, started in 2020, when the COVID pandemic basically froze the economy overnight. And businesses started shutting down, roughly, 20 million Americans lost jobs early in the pandemic, the markets were collapsing, and there was a great sense of fear of another Great Depression.
1037
Jeezy: That was on the way.
1038
Jeezy: In Jerome's response, the Fed slash interest rates nearly to zero.
1039
Jeezy: they pumped trillions into the financial markets. They, bought government bonds aggressively, which is another act that the Federal Reserve does, and they flooded the, economy with, liquidity.
1040
Jeezy: So, while this matters, that at the time, many economists… they praised Powell for what he did, and the economy recovered faster.
1041
Jeezy: Than expected, and markets stabilized fairly quickly. And, massive layoffs reversed faster, than they did, even compared to the, 2008 recession, but…
1042
Jeezy: Here's the twist.
1043
Jeezy: Critics argue that the Fed… Left rates… Too low for too long.
1044
Jeezy: That too much money entered the economy, and that helped fuel
1045
Jeezy: the, inflation explosion later. So, Manny, I want to ask you this question. So, with this debate.
1046
Jeezy: did Powell… Save America.
1047
Jeezy: From, economic collapse?
1048
Jeezy: Or did the Fed overreact and accidentally create a inflation crisis.
1049
Manny: Well, I'll start off with saying I'm not an expert in macroeconomics, but…
1050
Jeezy: I'll speak.
1051
Manny: what I knew.
1052
Manny: Well, and what I do know is two things can be right at the same time.
1053
Manny: You know, did… Were we heading the wrong way real fast?
1054
Manny: Yeah. Now, do we have the benefit of hindsight and the ability to write dissertations and think pieces about what would have been better to do
1055
Manny: Years after it happened? Absolutely.
1056
Manny: You know, if you look at what he did, I believe the number, Chuck, and correct me if I'm wrong here, or too off-base, about 40% of the dollars that are in circulation
1057
Manny: in the entire global economy were created under Powell's leadership.
1058
Chairman of Chaos: Yes, I think that number is relatively accurate.
1059
Manny: it… a lot… so a lot of injection of liquidity, a lot of chopping of the… of the value of the dollar in doing that, but did it save a lot of jobs? Yeah.
1060
Manny: Could you have acted faster? I think the answer to that is yes.
1061
Manny: But one of the things I think happens with Powell that I feel as though is not completely fair is not only while you had the reactionary response of inflationary pressures of creating all this money, simultaneously, you also had companies looking for an opportunity
1062
Manny: to push their.
1063
Chairman of Chaos: Yes.
1064
Manny: their lines up and to the right. Yeah. So… Are you…
1065
Manny: are we able to separate inflation just because of companies versus just the macroeconomic? We can't really separate those two from each other, because we don't really know…
1066
Manny: what… what actually happened. But we're…
1067
Manny: Could he have acted sooner? Yeah. Did he act fast enough? I mean, maybe, maybe not. Is, you know, in those last terms, you know, post, inflation, are rates still too high now? It depends on who you're asking.
1068
Manny: love it or hate it, you look at the stock market, we haven't had a significant crash, even, like, a really significant correction. I would say since…
1069
Chairman of Chaos: We need it.
1070
Manny: since the… the Great Recession. So, things have been continuously going up and to the right, this entire standpoint. So.
1071
Manny: he's done a lot, and I think it is very easy to… to look and judge, but I think it's also important to remember he didn't make these decisions alone. Like, when you come… when Trump comes out and says, oh, Jerome left it, you know, too high.
1072
Manny: He's just the president of the group. He's gotta vote just like every other governor that sits on that board. And I believe, in most cases.
1073
Manny: A lot of these decisions are dang near close to unanimous.
1074
Chairman of Chaos: Yep.
1075
Manny: Now, he leads the body. There is dissent on the body, there is conversations in the body, but he's not doing this alone. There are many, many other of the brightest minds in economics on this board, helping guide this ship.
1076
Manny: And I think that's where Trump is probably getting ready to learn a rough lesson, like, yeah, you may have gotten the Fed chair that you want.
1077
Manny: But what do you say? I say that as if he didn't appoint Jerome. You might get the person that you want in that seat, but that doesn't mean they can rule with an iron fist. And I think that's one of the… one of the many downsides of Trump and how he operates.
1078
Manny: we… our institutions are not corporate entities. The CEOs does not wield unyielding power where people just say, hey, do this and go.
1079
Manny: So I think it's a complicated look. Like, yes, we're going to be tearing apart what he did for years. Because guess what? We did the same exact thing with Obama and everything that came with how we rescued the country, during the Great Recession.
1080
Jeezy: Yep, we'.
1081
Manny: Where all the decisions that were made in that period? Were they the correct decisions? Probably not.
1082
Manny: Did it get worse? Would it have gotten worse if we didn't act soon enough? Yeah, I would have. So, I think it's balanced.
1083
Jeezy: Okay. Brother Chip?
1084
Chairman of Chaos: I have very little to rebut what my good brother said. I just want to add to the fact,
1085
Chairman of Chaos: the U.S.
1086
Chairman of Chaos: So… I say survived, survived the pandemic economically a lot better than most of the world.
1087
Jeezy: Man, let me tell you.
1088
Chairman of Chaos: And when you… when you truly look at…
1089
Chairman of Chaos: the actions of our Federal Reserve, and…
1090
Chairman of Chaos: The steps they took to try to counterbalance what was going on in the world in the shutdown.
1091
Chairman of Chaos: We fared a lot better than many countries. I'm talking the Chinas, the France, the Spain, like…
1092
Chairman of Chaos: Russia, all of them. We fared much better. And that was very… that was a very interesting point, during, the 24 election cycle, where many people tried to ridicule Joe Biden.
1093
Chairman of Chaos: And saying that he put us in a tough place, but economically, if we… if we did a compare and contrast to the world.
1094
Jeezy: Man?
1095
Chairman of Chaos: You would grade them… grade them quite stellar.
1096
Chairman of Chaos: And this is no support or championing Joe Biden, just saying of the actions of the Federal Reserve. Now, to Manny's point about the amount of money that's pumped into the system.
1097
Chairman of Chaos: I want the listeners to understand, those stimulus checks that you got?
1098
Manny: weren't free.
1099
Chairman of Chaos: That's part of that process.
1100
Chairman of Chaos: And it baffles me, because… The first one to push the issue of a stimulus check
1101
Chairman of Chaos: is the guy now that's ridiculing Jerome Powell.
1102
Jeezy: He was trying…
1103
Chairman of Chaos: Yeah, there's name one.
1104
Jeezy: Just so, yup, he can have his name on it.
1105
Chairman of Chaos: So, it humors me a lot, because that was one of the driving factors that pushed inflation up. Now, one thing that it did do, and it helped these companies, when they cut
1106
Chairman of Chaos: interest rates, so low, almost zero. It allowed… Companies to refinance their debt.
1107
Chairman of Chaos: saving them money, on… that debt.
1108
Chairman of Chaos: on that end. And let's, let's do a little educational moment of fixed interest and variable interest.
1109
Manny: Yep.
1110
Chairman of Chaos: When… when you have debt, let's look at your credit card.
1111
Chairman of Chaos: Your credit card is a variable interest rate.
1112
Chairman of Chaos: your car payment… is a fixed interest rate. So there is very little…
1113
Manny: We hope.
1114
Jeezy: If you…
1115
Manny: You have a variable interest rate on your car. I need you… Please. To go… that immediately. Immediately.
1116
Chairman of Chaos: Please. Pretty please. Your interest rate should not move for your car payment.
1117
Manny: This is not financial advice, sorry, for.
1118
Chairman of Chaos: This is education. This is education. No, this is education. This is strictly education.
1119
Chairman of Chaos: So, in a fixed interest rate, your payment…
1120
Chairman of Chaos: Mine, as long as you're paying at one time, and no late fees, no return payment fees, should be the same up until you get toward the end, when it starts shrinking because you've paid more into your interest.
1121
Chairman of Chaos: Your variable interest rate Your payment can be different.
1122
Chairman of Chaos: from month to month. If you kept the same
1123
Chairman of Chaos: a balance, which I hope you do not when you're making your payments. But if you have the same balance on a variable interest rate, if the Federal Reserve raises interest rates, guess what?
1124
Chairman of Chaos: your payment is gonna go up. But if they lower interest rates.
1125
Chairman of Chaos: your payment could go down because of the amount of interest that you're charged on this. So these companies love, and this is part of the reason why Donald Trump wants to push interest rates lower, so they can refinance their debt, make lower payments, save more money.
1126
Chairman of Chaos: Now…
1127
Chairman of Chaos: One thing that was interesting to me about Jerome, and I salute him because he was in a period of time that had not been seen in the U.S,
1128
Chairman of Chaos: for eons. You know, since the, what, Spanish flu days, as far as the pandemic. Now, from an economic standpoint.
1129
Chairman of Chaos: Like Manny said, he saved us from a…
1130
Chairman of Chaos: another Great Recession, but some of us worried we would hit Great Depression levels, with the way things had got shut down.
1131
Chairman of Chaos: But… What was interesting to me is he does not have an economic background.
1132
Jeezy: Nope.
1133
Chairman of Chaos: He's a lawyer.
1134
Jeezy: Yep.
1135
Chairman of Chaos: So, that was… that was very interesting to me in… in putting him in this position where his… his predecessors, one that I… I know right off the top of my head, Ben Bernacki, and I just knew… remember him.
1136
Chairman of Chaos: Because I remember… I loved his name.
1137
Chairman of Chaos: I'm weird, don't mind me.
1138
Chairman of Chaos: Him and, I wanna say, was it Jin? Whoever, was after him.
1139
Chairman of Chaos: They had PhDs in economics. So, you know, the depth of their economic background was very extensive, but to not sell Jerome short.
1140
Chairman of Chaos: He was very staunch on transparency.
1141
Manny: Yeah.
1142
Chairman of Chaos: He wanted to make it known and clear what was going on.
1143
Chairman of Chaos: with the Federal Reserve, and the intentions, and the actions taken, and the moves that they were making. He wanted it to be very clear, he wanted it to be very transparent.
1144
Chairman of Chaos: With, with this information.
1145
Chairman of Chaos: so, those are just a couple points I want to point out, because, like, my brother Manny.
1146
Chairman of Chaos: Covered it in a stellar fashion.
1147
Chairman of Chaos: the term, that Jeezy made mention of, that he was ridiculed for and taking too long, in 2021,
1148
Chairman of Chaos: He stated that,
1149
Chairman of Chaos: Things were… the inflation surge was transitory, and in that, many critique that he moved too slow.
1150
Chairman of Chaos: But when you're dealing in a space That is of historic proportions.
1151
Jeezy: Yeah.
1152
Chairman of Chaos: Sometimes you need to move slow and not be haste.
1153
Chairman of Chaos: To act, and give a strong understanding.
1154
Chairman of Chaos: And then there were… there's some critique of him
1155
Chairman of Chaos: although you have some that support it, and then some that critique it, there are rapid interest rate hikes, and…
1156
Chairman of Chaos: it led to the downfall and collapse of a couple of high-profile banks. For those who may remember, Silicon Valley Bank and Signature Bank in early 2023.
1157
Chairman of Chaos: Some of them attributed These rate hikes, because what happened is.
1158
Chairman of Chaos: These highfalutin individuals with these large amounts of money in here and large amounts of debt, you throw these rates up, and now they're running to get their money.
1159
Chairman of Chaos: And… another educational moment!
1160
Chairman of Chaos: Just because your account says it's $2.3 million in your account, You…
1161
Manny: You can go…
1162
Chairman of Chaos: We're drawing that off.
1163
Manny: All at once.
1164
Chairman of Chaos: You're not going to most financial institutions to pull out $2.3 million in one sitting. Sorry.
1165
Jeezy: And silicone was just dumb for just having all the eggs in one basket anyway.
1166
Chairman of Chaos: And there's a lot to blame them for.
1167
Chairman of Chaos: You're all my…
1168
Jeezy: I want to be the thing where they say, for the one finger you point, it might be three pointing back at you? We come back next.
1169
Chairman of Chaos: Facts. Silicon had a lot of issues.
1170
Jeezy: He had a lot going on.
1171
Chairman of Chaos: With it, they own, so… but from that standpoint, and I remember my days of people coming in, wanting to do a half a million dollar withdrawal.
1172
Chairman of Chaos: And… I'm like, what?
1173
Chairman of Chaos: This is not one of the banks in the movies.
1174
Chairman of Chaos: Where we just got a vault… Just a double bag.
1175
Manny: egg.
1176
Chairman of Chaos: And you got money sitting around waiting for you to… no! There are certain guidelines of how much we must have on hand to service
1177
Chairman of Chaos: You know, customers coming in on a day-to-day basis.
1178
Chairman of Chaos: Well, nobody's sitting around… one, that's too much of a risk.
1179
Jeezy: Way too much.
1180
Chairman of Chaos: Just like in the movies, you see them coming in to rob the place, and come through the roof, and come in with army guns, and they ain't 5, 6 deep.
1181
Chairman of Chaos: No, they stay out the movies. But… As we, as we, review…
1182
Chairman of Chaos: Jerome's time as Fed Chair, I salute him.
1183
Chairman of Chaos: For the… for… early on, embracing
1184
Chairman of Chaos: the adversity. Yeah. 2020… 2019, 2020, 2021 was a very interesting time in our lives in the country.
1185
Chairman of Chaos: And to be in a position where you are…
1186
Chairman of Chaos: The face of the group that makes the call, that can teeter.
1187
Manny: Yeah.
1188
Chairman of Chaos: Things going good. Yeah. Things going bad.
1189
Chairman of Chaos: Quite honestly, they can impact The, the,
1190
Chairman of Chaos: workforce. Yeah. Because if a company is carrying too much debt, too much debt, and now interest rates have gone up, guess what the first thing… first cost-cutting measures are?
1191
Jeezy: Oh, you already know.
1192
Manny: It's the highest cost of any organization.
1193
Jeezy: about the NBA.
1194
Chairman of Chaos: That's what we.
1195
Jeezy: seats.
1196
Chairman of Chaos: Exactly. So… in that.
1197
Chairman of Chaos: being in a once… well, hopefully it's a once-in-a-lifetime situation. We don't know about this Hanty, we don't know about this Hanty, but a once-in-a-lifetime situation, and then the generational decision-making process, the type of pressure that is on anybody to be the face of it.
1198
Chairman of Chaos: And then, as you continue on, you have a president that's throwing shots at you.
1199
Chairman of Chaos: And wanting to ridicule you and provide
1200
Chairman of Chaos: Legal action against you, as if you've done something wrong because you stood on principle.
1201
Chairman of Chaos: Salute, man. Salute.
1202
Jeezy: Well, you know, you spoke about something that, I was gonna bring up, but I'm glad that you did.
1203
Jeezy: The single word that critics seem to use to define Powell's legacy is that transitory.
1204
Jeezy: What's transitory by definition, is temporary, fleeting, or not permitted. In 2021, he…
1205
Jeezy: He said that he believed that inflation was transitory, and that things were going to recover, and…
1206
Jeezy: Inflation kept climbing.
1207
Jeezy: And I believe, like we said before, by June 2022, inflation had hit 9.1%.
1208
Jeezy: So, again, the criticism came of him reacting too slowly, that he was undermining how inflation…
1209
Jeezy: how that inflation was coming, and that the Fed was waiting too long on raising rates, and once he realized that inflation was not
1210
Jeezy: Temporary or transitory. He launched the fastest, rate hikes that you mentioned, Chuck. Interest rates jumped aggressively between 22 and 24.
1211
Jeezy: And basically, the feds essentially slammed the brakes.
1212
Jeezy: on the economy. But, you've already answered this, but, you know, can one mistake
1213
Jeezy: Or, you know, you could put that mistake, kind of, with an asterisk, erase one's, years of good leadership, or do we judge Powell by the recovery afterwards? And I think that when you look at that.
1214
Jeezy: We were in… unchartered territory. Yes. To an extent.
1215
Jeezy: And I'm glad you brought up the point of Jerome just being a lawyer and taking his leadership role, because he does not have an economic background.
1216
Jeezy: But to see the level of leadership, and when you look from a macro perspective at the world, at going through the pandemic.
1217
Jeezy: Regardless of your criticism of Powell.
1218
Jeezy: I think we all can say we're glad that we were in America during that time than anywhere else in the world, because…
1219
Chairman of Chaos: That's a fact.
1220
Jeezy: you could say that there are still some people that are still living and suffering from the ramifications of what COVID did, and the toll that it took on some
1221
Jeezy: some of these countries globally, as far as their economy. So…
1222
Jeezy: Did he move fast enough? You could argue that he did or didn't.
1223
Jeezy: But… I think we all can agree, in an uncharted territory, do you want to just be…
1224
Jeezy: driving, flying blind, 100 miles an hour, but then crashing to a mountain, or fall off a cliff, or do you want to take your time? And though we may have gotten there a little slower, we got there safe.
1225
Manny: You make the best decisions with the information you have in front of you.
1226
Chairman of Chaos: Yes.
1227
Jeezy: Yeah, and I think that when you look at this, There's something that,
1228
Jeezy: That economists throw around, a term called a soft landing.
1229
Jeezy: And… you know, when the Fed raises the rates aggressively, recessions usually follow.
1230
Jeezy: But when we look under Powell, inflation cooled significantly, the economy avoided a massive recession.
1231
Jeezy: And albeit, the unemployment stayed relatively stable. So, economists call this a soft landing, meaning that inflation comes down without destroying the job market, which he didn't do.
1232
Jeezy: So, even now, inflation remains above the fast 2% market. April, inflation reportedly climbed back to 3.8, but it's far below the 2022 peak. So, Manny, I'm gonna ask you this.
1233
Jeezy: Do you give Powell credit for avoiding a recession, or are Americans still feeling too much pain financially for us to call it a success?
1234
Manny: it depends. Like, are obviously Americans feeling the pain and the pinch of all this? Absolutely, 100%, but it goes back to what I had said before. As we were dealing with all the inflation.
1235
Manny: how much of that was because of true money supply, and how much of that is because companies were trying to force their graphs to go up to the right? Yeah. You know, we… I went to McDonald's this past weekend.
1236
Manny: And… got chicken nuggets.
1237
Jeezy: I was about to say, don't… I hope you didn't get a Filet-O-Fish.
1238
Manny: You might be having different coverage.
1239
Jeezy: A lot to say.
1240
Manny: I can do it.
1241
Jeezy: If you ever see… if you ever see what it looked like before it hit that grease.
1242
Jeezy: And when it come out, it's either witchcraft, magic, or something.
1243
Manny: But it…
1244
Chairman of Chaos: What do I think?
1245
Jeezy: It ain't of God.
1246
Chairman of Chaos: Same thing about the chicken nuggets and how they're made, so…
1247
Manny: Yeah.
1248
Chairman of Chaos: Or a hot dog, oh well.
1249
Jeezy: Brook.
1250
Chairman of Chaos: Throw it on the grill.
1251
Manny: But that thing was, like, $10. I remember growing up that you could go get 20 nuggets for $5.
1252
Chairman of Chaos: Right. I guess.
1253
Jeezy: That's true.
1254
Manny: So, how much of… Were we able to navigate the economic impact of all this? Because…
1255
Manny: Of how much non…
1256
Manny: economic reasons prices increased, yeah, I think that these companies built up a level of resistance, and again, being able to refinance all that debt.
1257
Manny: before rates started getting high, I think put U.S. companies in a position where they were able to lower their costs enough to be able to navigate a recession, or a recessionary environment, like, that we were seeing a little bit better.
1258
Manny: But again, we're going to be dissecting the decisions that Jerome Powell made.
1259
Manny: dissertations are being written now and will be written for decades about what he could have done better. But you know what? The Fed had, in some cases, how many emergency meetings were there to cut interest rates? Like, they were
1260
Manny: decisions
1261
Manny: day by… they were going day by day. Yeah. Best information that they had available. I don't believe that anything that Jerome or the rest of the governors did was out of malice, or they purposely made a decision wrong. But I think if you have
1262
Manny: 2 months to think about a decision before making it, you… there's a chance that you're going to make a different decision than you would if you only had 48 hours to think about it.
1263
Jeezy: I certainly agree, and I think another aspect of his tenure that we… we talked about.
1264
Jeezy: But I think it's something that is,
1265
Jeezy: uncommon for the Fed, chair in previous tenures is that his… his tenure wasn't about… just about economics at all.
1266
Jeezy: His tenure became deeply political.
1267
Jeezy: Which, I think that…
1268
Jeezy: another nod to Jerome is that he's probably one of the few, if not the only, Fed chair, that has so much political pressure
1269
Jeezy: On his back, to do…
1270
Jeezy: the bidding of someone of a political figure, and Trump repeatedly, as we talked about, has repeatedly attacked Powell. He's mocked him as being too late, he's pushed him to lower interest rates, and Powell has resisted the pressure and…
1271
Jeezy: to my opinion, you know, like a champion, has defended the Fed's independence.
1272
Jeezy: Brother Jerome has even gone and been investigated by the DOJ for.
1273
Jeezy: Fed renovations, where we saw Trump come and pull that… that up.
1274
Chairman of Chaos: Listen, that white…
1275
Jeezy: paper that somebody scribbled on.
1276
Jeezy: I gave him some fake numbers, and then they… and we ain't gonna get on how you sitting here talking to him about renovations, but you just double the size of the ballroom.
1277
Chairman of Chaos: Bruh.
1278
Jeezy: I get mad when people say, well, if you doubled it, doesn't that mean you doubled the cost? And when somebody asks you that, you say they stupid. We ain't even gonna get into that. But, you know, he's had threats surrounding his future, and
1279
Jeezy: even pressure campaigns against the Fed. I mean, he… I would say that no Fed chair has probably had to deal with that amount of political pressure.
1280
Jeezy: holding that seat. So, you know, the Fed is designed, as we said before, to be independent, so politicians cannot manipulate interest rates for political gain, because I think that we can all agree that's exactly what Trump's trying to do.
1281
Chairman of Chaos: Oh, for sure. For sure.
1282
Jeezy: So, when things don't look good, where can I point at to get things to move the needle a little bit more in my favor? And certainly, Jerome has been at the center of that attack for Trump.
1283
Jeezy: When we look at this.
1284
Jeezy: if presidents can pressure the Fed politically, is the entire economic system now at risk?
1285
Manny: Yes.
1286
Manny: Next question.
1287
Chairman of Chaos: Yeah. There's no dialogue, there's no… Yes. Yes.
1288
Manny: Yes.
1289
Jeezy: I love it.
1290
Manny: I love it. Next question.
1291
Jeezy: And I'm glad you got… we… I agree with you wholeheartedly, but…
1292
Jeezy: I think that's important to point out, because now that Brother Jerome Thy good and faithful servant.
1293
Jeezy: has finished his third… his tenure, there's a… there's a new chair, right? We have another future ahead of us with, Kevin Walsh. Warsh.
1294
Chairman of Chaos: Wash. Wrench around and wrench it off, and wash yourself.
1295
Jeezy: But we got a new one. We got a new Fed Chair that has been confirmed and will be shortly, sworn in as the next Fed Chair.
1296
Jeezy: And he is expected to bring
1297
Jeezy: Some major changes, and he's been one that has been vocal
1298
Jeezy: while not maybe entirely about what Jerome Powell has done, he's certainly criticized parts of Powell's approach.
1299
Jeezy: And he has already said that he wants less fed communication, and possibly and potentially less
1300
Jeezy: Transparency, which is…
1301
Jeezy: Gonna be a very different future, because, I believe Manny was the one that stated it already, that, and Brother Chuck has said it as well, that, you know, Jerome was very transparent.
1302
Jeezy: And his approach, even down if you've ever watched one of his, you know, press conferences, when he makes a decision, he's very knowledgeable on why the decision was made, and letting the American people know, this is why we're doing what we're doing. I'm not doing it because…
1303
Jeezy: You know, of any other reason by looking at the metric, looking at the numbers, and saying, this is the best thing for the economy.
1304
Jeezy: And we've seen that happen, so to see the future of someone who will take the seat, who wants less communication and less transparency, will definitely be a different era than what we have experienced, but…
1305
Jeezy: Walsh has taken over during elevated inflation, there's some global instability, you have the, concerns with oil.
1306
Manny: Sam?
1307
Jeezy: brand relation.
1308
Manny: Some?
1309
Chairman of Chaos: The whole country's shaking.
1310
Manny: Right.
1311
Chairman of Chaos: The whole world is shaking on its axis.
1312
Jeezy: And even still, with him taking this seat, there still is…
1313
Jeezy: political pressure from Trump, so Trump is… you know he's going to want his boy to do…
1314
Chairman of Chaos: what he wants me to do. Yep, yep.
1315
Jeezy: So… But Powell's not…
1316
Jeezy: disappearing immediately. I believe, Manny, correct me if I'm wrong, but he's going to hold a seat
1317
Jeezy: on the board, if I'm not mistaken, going forward, correct?
1318
Manny: Yes. I believe so, yeah.
1319
Jeezy: So, he'll still be around. So, we kinda got a two-pope.
1320
Jeezy: scenario that'll be going on with the Fed Chair, with the old Fed leader still in the building.
1321
Jeezy: still having some influence while you have a new Fed chair that, will certainly be trying to take control. So, do you think Powell staying on the board helps protect the Fed independence, or does it create frustration, confusion, and division inside the Fed during such a,
1322
Jeezy: Very… Difficult time.
1323
Chairman of Chaos: I mean.
1324
Manny: I hope it… No, yes. Yes and yes. And yes.
1325
Jeezy: Yeah, pretty much.
1326
Manny: You know.
1327
Chairman of Chaos: The reason I say that, and just to provide some context, Jerome Powell is staying on as one of the Fed's Board of Governors, so…
1328
Chairman of Chaos: Kevin Warsh, to give some background on him, he's not new to this, he is true to this. Okay. He was with the Federal Reserve, I want to say, for 5 years, back in 06.
1329
Chairman of Chaos: to 2011. So he was around during the Great Recession and the fallout of the bottoming out of the economy, and the housing crunch, and all that.
1330
Chairman of Chaos: Good stuff.
1331
Chairman of Chaos: But also, as of late, he has been a…
1332
Chairman of Chaos: strong and staunch critic of Jerome Powell. He feels that the Federal Reserve has taken on too much debt in regards to some of the things that the Federal Reserve did was buy, U.S. bonds. And so.
1333
Chairman of Chaos: Kevin Warsh wants to get rid of this, and reduce the balance sheet, I think.
1334
Chairman of Chaos: the numbers that I, I remember…
1335
Chairman of Chaos: At one point, it was 800…
1336
Chairman of Chaos: billion, dollars in assets that the Federal Reserve balance sheet held at a prior time.
1337
Chairman of Chaos: That number has ballooned up to $6.7 trillion.
1338
Chairman of Chaos: Again, this is not all under Jerome, this is throughout the years and over time, but…
1339
Chairman of Chaos: I think at the height, it was, like, 9-something…
1340
Chairman of Chaos: trillion, and it has reduced down to $6.7 trillion, and he wants to get that even lower. So he has been a critic of some of the policies under Powell.
1341
Chairman of Chaos: But… when he's coming on board as the Fed Chair, When these decisions are made.
1342
Chairman of Chaos: the board, as we stated earlier, the Board of Governors collectively come together to vote and make these decisions. And with Jerome Powell being still on as a…
1343
Chairman of Chaos: is a chair with the, governors. He's gonna be a part of this decision-making process. And you're gonna have some people who may be loyal to him.
1344
Jeezy: Mmm.
1345
Chairman of Chaos: revere him.
1346
Chairman of Chaos: And he can influence their vote, and then there may be some who may not have been a fan of Jerome.
1347
Chairman of Chaos: nobody's saying that he was, you know, loved by everybody, we don't know, but it's realistically possible that you could have a divided room. And so now, like you said, the two popes, I liken it to…
1348
Chairman of Chaos: My old boss got demoted.
1349
Chairman of Chaos: my new boss come in, but I really like my old boss, so…
1350
Chairman of Chaos: I'm rocking with my old boss, and it's up and it's stuck again with you.
1351
Chairman of Chaos: So, it's gonna be an interesting space to navigate, because he just moved his stuff out of the main office and went down the hall to the little smaller office.
1352
Chairman of Chaos: But he's still around. Like, like, like kids… and I can say this, because this was a part of my life.
1353
Chairman of Chaos: you got… The new daddy.
1354
Chairman of Chaos: Hey, yo. Hey, your daddy.
1355
Chairman of Chaos: They both… they both around at the same time. Which one are you calling Dad?
1356
Chairman of Chaos: Hey, Daddy! And they go, huh?
1357
Jeezy: At the end of the day, whether he moves out of the office.
1358
Jeezy: His lunch is still in the break room.
1359
Chairman of Chaos: With his name on it.
1360
Manny: Well, and I think that will be the… that's part of the question there, is, like.
1361
Manny: for Wash coming in, we… and we covered it here on the pod, Jerome made sure
1362
Manny: In the months leading up to this date, that he got a lot… all of his people extended out a couple years.
1363
Manny: So people weren't able to be immediately reappointed.
1364
Chairman of Chaos: And that's part of… that's part of why he stayed on. Well, that's also part of why he stayed on. So, with… and I meant to say this when I was talking, but because he is occupying one of the chairs of the governorship.
1365
Chairman of Chaos: it negates the ability of Trump to appoint someone else to that governorship chair that would do his bidding. So, in the interest of the independence of this body of the Federal Reserve, he wants to stay on to ensure
1366
Chairman of Chaos: That this body stayed… Independent in that fashion.
1367
Jeezy: Well, I think that… It'll be very interesting.
1368
Jeezy: Going forward, because… Jerome's legacy.
1369
Jeezy: May honestly depend on what happens next.
1370
Jeezy: If inflation finally returns to normal and the economy stays stable.
1371
Jeezy: History may view him as…
1372
Jeezy: the man who guided America through… Impossible crisis.
1373
Chairman of Chaos: Jeezy, real quick. Yes, sir. And I meant to say this as well, and Manny brought up this point earlier, we have not had a market correction.
1374
Chairman of Chaos: And part of the contributing factor to everything that's going on is things have not cycled properly like it's supposed to. These things normally move on a cycle.
1375
Jeezy: Yep.
1376
Chairman of Chaos: and… I, myself, thought that we would have some kind of correction during that period of COVID, and.
1377
Manny: Yeah.
1378
Chairman of Chaos: Following afterwards.
1379
Jeezy: Yeah.
1380
Chairman of Chaos: I… if you… put a bet on… on… what was it, PolyMarket, and…
1381
Jeezy: Yeah. Causey? Yep.
1382
Chairman of Chaos: and I wanted to place a bet, I would have placed a bet that we would have had a correction, things would have bottomed out, and then we would hit a recession, and then we would come back around and start rising up again.
1383
Manny: that happened while we were already down bad. Already down bad. So it had time for us to deal with it.
1384
Jeezy: What a time to do it, didn't they?
1385
Chairman of Chaos: Yes.
1386
Chairman of Chaos: But nothing has happened in that fashion. We're steady setting record numbers, and it's quite funny that everybody wants to run and tout that. Joe Biden did it, Donald Trump has done it, record number, stock market numbers.
1387
Chairman of Chaos: But y'all have not had a recession to pull these numbers back up from.
1388
Chairman of Chaos: You're just running the numbers up from its starting point.
1389
Chairman of Chaos: You… I mean… You… you… yes, it's factual. These are record numbers.
1390
Chairman of Chaos: But also, you're not starting from the start in life.
1391
Jeezy: Yep.
1392
Chairman of Chaos: you're running this race, and you're already ahead of the starting point. So, to him, and being transitory, I thought things were gonna reset as well.
1393
Chairman of Chaos: It never happened. I'm waiting for the housing market to crash.
1394
Jeezy: Bruh.
1395
Jeezy: There gotta be a reset sometime.
1396
Manny: The question now, at this point, if I think if you look at the economy, how… it's how long things are going to continue to go up.
1397
Chairman of Chaos: Yes. Because what goes up…
1398
Jeezy: Must come down.
1399
Manny: It's… it's gravity, it's the…
1400
Jeezy: There's this thing called gravity.
1401
Chairman of Chaos: There's some folks out there… Hold on, hold on, hold on, I'm getting mine in today.
1402
Jeezy: Don't get out of here.
1403
Chairman of Chaos: This is not about… this is not about economy, and this is actually… I'm gonna deviate just a little bit, and kind of lean to my good brother Jeezy space. There are guys out there who are making videos saying that gravity is a farce.
1404
Chairman of Chaos: But…
1405
Chairman of Chaos: But it goes to those who are saying that space is not really space, it's the firmament, and it's really the, you know, water upside down. That crowd.
1406
Jeezy: The top tier, tinfoil hat community.
1407
Manny: Yeah, it's a…
1408
Jeezy: Mason, that's a 33-degree tenfold.
1409
Chairman of Chaos: That's that thick tinfo.
1410
Jeezy: Yes, sir. Yes, sir.
1411
Chairman of Chaos: Heavy duty.
1412
Chairman of Chaos: But, this is a guy that had a video, and he was dropping something, and he was like, if it was gravity.
1413
Chairman of Chaos: what'd he say? I can't even remember exactly what he said, but I just wanted to have that moment that there are some folks out there that's really trying to counter the point of gravity, and it's quite funny to me, in regards to what goes up must come down.
1414
Chairman of Chaos: Yeah.
1415
Jeezy: That's our idea. I think we gotta start going with that with our 10-fold. We're gonna have to start putting them in degrees like the mason brothers.
1416
Chairman of Chaos: Yes, sir.
1417
Jeezy: Because certain stuff, bruh, you gotta get to a certain level.
1418
Chairman of Chaos: Some of the outlandish. You gotta be… you gotta be at a whole other level of thinking to even begin to…
1419
Jeezy: Process over there.
1420
Manny: fathom it.
1421
Jeezy: Bruh. But at any rate, you know, we'll see what history says about Jerome, and that depends on what happens next.
1422
Jeezy: You know, either, either way, one thing is undeniable, is that Jerome's time at the Fed reshaped
1423
Jeezy: the financial reality of an entire generation of Americans. During the pandemic and what he did in his response.
1424
Jeezy: Certainly can't go unnoticed, but as any… anyone we see, with any tenure.
1425
Jeezy: There are things that we look in hindsight, as my brother Manny will say, Hindsight is always what? 2020.
1426
Manny: Tony.
1427
Jeezy: And we'll look back from the tenure that he had, and we'll make a decision.
1428
Jeezy: on whether… He did the right thing.
1429
Jeezy: Did he move too slow?
1430
Jeezy: Could he done things better? All things that are very valid questions, but certainly.
1431
Jeezy: Very uncharted territory for a person.
1432
Jeezy: to handle, and certainly a person who didn't come from a background in economics to handle it and lead us through what he did. Certainly want to give Brother Jerome his flowers, because…
1433
Jeezy: His decision, whether you call it slow or not.
1434
Jeezy: could have certainly changed the trajectory of what life looks like for the American people had he done things differently than what he did. So, Jerome, I know you get beat up, brother.
1435
Jeezy: But the pie gonna give you flowers, man. You held it down as best as you could.
1436
Jeezy: And for that, sir… We're gonna say, job well done.
1437
Jeezy: Now, we might come back later on down the road now, after we see what Ken Warsh do.
1438
Chairman of Chaos: Don't care more.
1439
Manny: Get in there and start cooking.
1440
Jeezy: He couldn't get in that kitchen?
1441
Jeezy: Hey.
1442
Jeezy: And he can start working, and we'll see.
1443
Chairman of Chaos: I don't…
1444
Jeezy: I don't know if I have hope.
1445
Chairman of Chaos: See, the…
1446
Jeezy: It depends on how he responds to Trump. That's what I want to see. How does he respond to the pressure from Trump? Because Jerome handled it in some classic fashion that we've had some very key moments of how he has responded to Trump that,
1447
Jeezy: I have thoroughly enjoyed.
1448
Jeezy: I don't know if… and I think that just comes with a man, first of all, named Jerome, and then Jerome's just seasoned, man. He's an older gentleman. I don't believe Kevin Walsh is old. I believe he's a
1449
Jeezy: younger guy.
1450
Chairman of Chaos: Yeah.
1451
Jeezy: he might not be able to handle that pressure. He might look at Trump and feel like that's his granddaddy, and, you know…
1452
Manny: And then what.
1453
Jeezy: Granddaddy told you to do, you do, you don't answer no question. He might look up to his elder and say, hey, my elder told me to do it, I'm just gonna say, yes, sir, and do it. Jerome said, I don't care what you say.
1454
Manny: Oops.
1455
Chairman of Chaos: Right is right, wrong is wrong. Right and right. Yes, sir.
1456
Jeezy: So, at the end of the day, we shall see as we go forward, but as always, Jerome.
1457
Jeezy: Du Bois at the pod, job well done, brother, and I will say take your rest.
1458
Chairman of Chaos: Oh, no.
1459
Jeezy: You done got you a whole nother seat, so you're still working.
1460
Chairman of Chaos: You know what I'm saying? I was supposed to… he said I was supposed to retire, but that can hold on.
1461
Jeezy: Yeah, I'll wait and see what come up in the next 2 years, and we'll see what happens.
1462
Jeezy: But, that is our coverage.
1463
Jeezy: of… Jerome's tender, end of an era.
1464
Jeezy: And certainly, sir, we shall see what the next era in the future of the Fed holds. So…
1465
Jeezy: Anything else from that, brother? Anything else on Brother Jerome?
1466
Manny: Good hearing.
1467
Jeezy: Alright, well, guys, you know we had that point of the episode where… We have the pickle.
1468
Jeezy: of the week.
1469
Audio shared by Jeezy: When I'd get us all into the biggest pickle any of us had ever seen.
1470
Jeezy: Now, we got some… We got an interesting one.
1471
Jeezy: That is, taking place. We got a… we got a… a C4… what do we call it, man? A L5? C4?
1472
Manny: A major final break.
1473
Jeezy: Snap.
1474
Chairman of Chaos: Crackle pot.
1475
Jeezy: You know, sometimes you get those pickles where they may make it in the jaw hold. This one, I think you got in there in pieces.
1476
Jeezy: Hey, the pickle broke up a little bit. This is one of the… this is the last one in the jar.
1477
Jeezy: Didn't nobody want to…
1478
Chairman of Chaos: Did Ella say the malnourished liquid pickle?
1479
Jeezy: But, our pickle of the week goes to…
1480
Jeezy: A gentleman down in Louisiana. Shout out to Louisiana.
1481
Chairman of Chaos: Louisiana has been in that new circuit the past…
1482
Jeezy: Damn, let me tell you, and it is not for the crawfish etouffee.
1483
Chairman of Chaos: Oh my god, I can't go for something right now.
1484
Jeezy: And look, if you're ever in New Orleans, go down there.
1485
Chairman of Chaos: inside a jambalaya.
1486
Jeezy: Whoo! Go down to Felix and get you some of them char-grilled oysters.
1487
Chairman of Chaos: Oh, Lord.
1488
Chairman of Chaos: I cannot.
1489
Manny: relate.
1490
Manny: Hey, brother.
1491
Jeezy: Don't worry.
1492
Chairman of Chaos: Hey.
1493
Jeezy: I'll live the story and tell it to you.
1494
Jeezy: Like Esau's Fable, I tell you, brother, you ain't gotta wear it.
1495
Chairman of Chaos: And I'll take your portion.
1496
Jeezy: But I'll tell you.
1497
Chairman of Chaos: Give me a double portion, Lord.
1498
Jeezy: You're missing out, man.
1499
Jeezy: Even the Popeyes down there is different, brother.
1500
Chairman of Chaos: I was talking about that earlier today.
1501
Jeezy: Yeah, yep.
1502
Chairman of Chaos: Yes, sir. Yes, sir. I was talking about that earlier today, how it is different.
1503
Jeezy: Way different.
1504
Jeezy: The lady that ring you up called your baby.
1505
Chairman of Chaos: baby.
1506
Chairman of Chaos: Is that all for you, baby? Knew I was baby.
1507
Jeezy: So we love y'all, Louisiana, so this ain't about y'all, but y'all do have an individual down there we got discussing. That is Bill Cassidy.
1508
Jeezy: Because Bill Cassidy…
1509
Chairman of Chaos: I'm a dance kid.
1510
Jeezy: No.
1511
Jeezy: Bill Cassidy… Didn't just lose a primary.
1512
Jeezy: He got politically… evicted.
1513
Jeezy: From his own part of his house.
1514
Manny: Grab your hat.
1515
Chairman of Chaos: In your shoes. Good day.
1516
Manny: Ain't good.
1517
Jeezy: In the words of Willy Wonka, good day.
1518
Chairman of Chaos: Nothing. Grab yours.
1519
Jeezy: hat and your coat.
1520
Jeezy: The Louisiana Senator, Bill Cassidy, is our pickle of the week, because he finds himself trapped between two impossible lanes, and if you are a Republican, listen up. You ain't gotta be in Louisiana, you need to listen up, because this may… this may affect you later on down the road, too.
1521
Jeezy: Those two impossible lanes is that he tried to be conservative enough for Trump's GOP.
1522
Jeezy: But his 2021 vote to convict Trump
1523
Jeezy: After the January 6th, never stop hunting him.
1524
Manny: Of something he was guilty of.
1525
Jeezy: Something he was definitely guilty of.
1526
Jeezy: But, this week, And your primary story caught up to you.
1527
Jeezy: Cassidy, in his primary finish, Third.
1528
Jeezy: in Louisiana's GOP Senate primary, with about 25% of the vote.
1529
Jeezy: Now, Trump-backed, Representative Julia Letlow.
1530
Jeezy: Which led the primary with 45%, and then the state treasurer, John Fleming, came in with 28%.
1531
Jeezy: Sending Letlow and Fleming into a runoff that will happen on June the 27th.
1532
Jeezy: But the reason why he's the pickle is because Cassidy tried to thread the needle.
1533
Jeezy: And I'mma tell you this, sir. I don't know if you've ever sewn anything a day of your life, but my grandma used to always get us to sew our buttons back on our dress shirts when they fell off.
1534
Jeezy: It ain't that easy to thread a needle, brother.
1535
Jeezy: It ain't that easy.
1536
Jeezy: His campaign…
1537
Jeezy: as a conservative supporter of border patrol, border security, he opposed abortion, he tied himself to parts of Trump's agenda, and he even helped advance RFK Bobby, nomination after he grilled him of how he was unqualified.
1538
Jeezy: But for a lot of Trump-aligned voters, None of that erased.
1539
Jeezy: That impeachment vote.
1540
Jeezy: And Trump made sure the voters remembered it.
1541
Jeezy: He backlit low.
1542
Jeezy: Called Cassidy, a word that we've discussed.
1543
Jeezy: disloyal.
1544
Jeezy: And he even celebrated the results after Cassidy Loath.
1545
Jeezy: But in all of that, I think that there's a deeper point to make in this. This is bigger than Bill Cassidy. You're the pickle, but there's a bigger, bigger thing here.
1546
Jeezy: This is a warning shot to every Republican that thinks they can oppose Trump on one major issue, and then make it up later.
1547
Jeezy: By voting with them.
1548
Jeezy: Don't work.
1549
Jeezy: Cassidy's record didn't save him.
1550
Jeezy: To a point that Manny's made on this podcast before, his incumbency…
1551
Manny: Didn't save him.
1552
Jeezy: Did… did not save him.
1553
Jeezy: What did, Kendrick say?
1554
Jeezy: You follow LeBron, but he is not your savior.
1555
Jeezy: You listen to Kodak Black, but he is not your son?
1556
Chairman of Chaos: Not your savior.
1557
Jeezy: You tried to follow your moral compass, but guess what?
1558
Jeezy: For the sake of Donald Trump, he is not your savior.
1559
Jeezy: Your conservative credentials did not Save you.
1560
Jeezy: In today's GOP, loyalty may matter.
1561
Jeezy: Unfortunately, more.
1562
Jeezy: Than your resume.
1563
Jeezy: So the pickle… is this. Cassidy?
1564
Jeezy: May have voted his conscience.
1565
Jeezy: In 2021.
1566
Jeezy: But in the year of our Lord and Savior, 2026, Republican voters.
1567
Jeezy: Handed him his bill.
1568
Jeezy: They exit out the door.
1569
Jeezy: For that, sir?
1570
Jeezy: You are a pickle.
1571
Jeezy: Don't let the door… Hit you.
1572
Jeezy: On your way out.
1573
Jeezy: That's my pick for the week, fellas.
1574
Chairman of Chaos: Yeah, he had a tough one.
1575
Manny: Hmm.
1576
Manny: Well, let's go… let's go ahead and get this prayer circle going for, Brother Massey, because…
1577
Jeezy: Hey, look, he, he about made it as a pickle, but I said, I'mma hold out and just see.
1578
Jeezy: But it may be a similar fate, brother.
1579
Jeezy: What do we say all the time, Manny? What is it, profit a man to gain the world?
1580
Manny: And lose his soul.
1581
Jeezy: Lose itself?
1582
Chairman of Chaos: But the difference with Massey is, Massey didn't come around looking like a bootlicker afterwards. Correct.
1583
Jeezy: That is fair.
1584
Chairman of Chaos: Massey will stand on business. He would… he would stand on principle.
1585
Chairman of Chaos: Cassie looked like a bootlicker at times.
1586
Jeezy: Terrible movie. I just… I'll never understand.
1587
Jeezy: I can't imagine the boot looking for a man that ain't got no power over you, and he ain't the man upstairs.
1588
Chairman of Chaos: It's dumb.
1589
Jeezy: I just can't understand it, but hey.
1590
Jeezy: Maybe that's another world of power that I haven't been exposed to, but if it is, I don't want no parts. Keep me where I'm at.
1591
Manny: I'm fine, I'm fine right here.
1592
Jeezy: 5 right here. Well, to our listeners, we have reached the end of our episode, and as you guys know, when we reach the end of our episode, we like to give you our spotlight.
1593
Jeezy: of the week. So I'm gonna go to my brother Manny here, and Manny, what is your spotlight of the week?
1594
Manny: Well, we are going to head back home to the good old state of North Carolina.
1595
Jeezy: Hey! Shout out to Pablo. North Carolina, stand up. We're gonna be looking forward.
1596
Manny: We're gonna be looking forward towards the general election. So in North Carolina, the only way to get a change, to the Constitution and add a constitutional amendment to our state's Constitution is it has to go through our General Assembly.
1597
Manny: And then it also has to then go to a giant vote.
1598
Manny: of the populace that will ultimately decide if it lands on the Constitution, and right now, there are 6
1599
Manny: Hold on, 1, 2, 3, 4, 5, 6, 7… sorry, 7. There are 7 different attempts going on right now for different amendments to be added to the Constitution.
1600
Manny: One is vote by mail. Voter… sorry, voter ID by mail. We're requiring you to send in a copy of your voter ID with your mail-in ballot.
1601
Manny: There's, that one has been confirmed. That will be on the ballot.
1602
Manny: Every other one that I'm getting ready to talk to at the time of recording of this podcast is still going through the House and Senate, so it may not land, but let's… let's go ahead and hit them so you guys are all aware. The next one is, an income tax
1603
Manny: cap of 5%. So right now, North Carolina took our income tax to about 4.9, with it going to, I believe, 3.7, over the next couple years as part of what was, in the ballot… in the budget fight that is slowly resolving itself.
1604
Manny: So that is up there. There's a comparable one working its way through the Senate, to tax it at 3.5%, so really limiting the amount of money that the state can pull in via income taxes in perpetuity. There's another one about the right to farm.
1605
Manny: I found that one as quite interesting because I didn't feel like the right to farm was under attack in North Carolina, but, it would add a constitutional right to engage in farming and forestry in the state of North Carolina.
1606
Manny: Do with that information what you will. The next one is a right to work.
1607
Manny: And this would constitutionally guarantee that no person's right to work can be denied based on membership or non-membership in a labor union or organization.
1608
Manny: Lots of critics on that, we'll see how that kind of plays out. The next one is a… there's kind of two, but it's dealing with marijuana… marijuana decriminalization, basically, under amount X, that I still think has to be set.
1609
Manny: carrying marijuana would not be criminalized. It would still be illegal, but it would not be a criminal action to carry it, and then also protections around medical marijuana.
1610
Manny: And then there… the last one is a request about corporate spending.
1611
Manny: In campaigns. So, this one was actually proposed by Senator… Representative Marcia Morey in Wake County, and this amendment would ban corporations from spending money or other things of value to influence North Carolina elections.
1612
Manny: So that's a lot of Constitutional amendments, and I think this is going to end up ultimately being problematic, because now, on top of all of the other races that you have, you have these things that are going to be on there that voters are going to have to be educated on anyways.
1613
Manny: And then the real complication around this will also be the language that ultimately ends up on the ballot.
1614
Manny: Because then there's a psychology to it, in terms of, if I read this.
1615
Manny: do I agree with it, or do I not agree with it? Because the answer… the answer on the ballot is for, are you for or against this? So the wording on it. So as things get confirmed and the ballot language is confirmed, that's where you'll see lots of education efforts.
1616
Manny: So, the question you might be asking yourself, why are we doing this? Well…
1617
Manny: A, to change the Constitution, but then it… what is also being said, and this one was actually said by, David McLean, the director of the Meredith poll… polling, organization.
1618
Manny: He said, the Seneca Mee says this is just an attempt to ramp up Republican votes in the fall.
1619
Manny: The right to farm?
1620
Manny: I don't know what that really means, and there's no big threat to it.
1621
Manny: So, a lot of this is what it seemed, and it's done on both sides when it's happened to it, to be fair, to really just generate turnout.
1622
Manny: And… it's a pretty high threshold. You need 70 votes in the House and about 30 in the Senate to get something onto the ballot, so…
1623
Manny: A lot of this is already being talked about as ways to just generate and motivate people to come to ballot. So, like, hey, I'm not really excited to get out to vote for… in the Senate race. Well, you know, do you want to protect your right to farm?
1624
Jeezy: Yeah.
1625
Manny: Oh, yeah, do you want to cap the income tax? Yeah, I do want to cap it. Okay. We'll see what happens. And… but a lot of this is, I believe, is being used to help generate and push people to the polls and encourage them to come out to the polls.
1626
Manny: Because remember, if you come out to the polls, all the stats say is that it is very likely that you will vote for at least the top two.
1627
Manny: before… and then the constitutional amendments are usually on the back, so you have to then flip it over, so…
1628
Manny: we'll see what happens.
1629
Manny: as this will continue, as language gets finalized, you'll definitely be hearing from us here at the pod to try to add some explanation in what these are doing, what this could mean. But again, a lot of these still have to go through the General Assembly, so there is no guarantee that these will hit the ballot, but…
1630
Manny: Things are starting to ramp up now that the budget work is out the… out the… out the way, and people are trying to wrap up work before they gotta head back into their districts and start campaigning for this election cycle. So, keep your eye on it. Things are happening, and happening fast, and that is my spotlight for the week.
1631
Jeezy: Alright, our very peculiar state of North Carolina. We'll be interesting to see what happens, but I certainly agree with you, Manny, trying to get folks to rush to that ballot box, man, so we shall see what happens. So, Brother Chuck, what you got for a spotlight?
1632
Chairman of Chaos: Man, I appreciate, your spotlight, Manny, because it kind of feeds right into what I want to bring forth in my spotlight. My spotlight is…
1633
Chairman of Chaos: the actions… the… Methods… The movement of individuals
1634
Chairman of Chaos: I wanted… I was gonna s- to…
1635
Chairman of Chaos: centralize it on Black Americans, but I want this to be…
1636
Chairman of Chaos: all who find offense to the actions that were taken recently by the Supreme Court with the gutting of the Voters Act, the Voters' Rights Act.
1637
Chairman of Chaos: over the weekend and on last week, there were different rallies and different voting rallies. Some of them happened in Montgomery.
1638
Manny: Were they rallies or parades?
1639
Chairman of Chaos: No, these were rallies. These were rallies.
1640
Manny: Hmm, okay.
1641
Chairman of Chaos: That's why I called it a rally. But I also didn't call it a protest.
1642
Manny: Right.
1643
Chairman of Chaos: Although we could, because they are demanding the protection of voting rights.
1644
Chairman of Chaos: But it definitely was not a parade.
1645
Chairman of Chaos: But in this, there were…
1646
Chairman of Chaos: things that happened in Montgomery, Alabama, and for the historical context.
1647
Chairman of Chaos: The Montgomery bus boycotts. You had individuals coming from all over the countries to converge on Montgomery
1648
Chairman of Chaos: in, in…
1649
Chairman of Chaos: protest of the actions of not only the Supreme Court, but the different state legislators who… or legislation bodies… legislative bodies who have gone to draw new maps and redistrict
1650
Chairman of Chaos: To disenfranchise and minimize the voices, or in an attempt to minimize the voices of the voting constituents in those areas, particularly minorities.
1651
Chairman of Chaos: Most… most times you hear…
1652
Chairman of Chaos: Black individuals, but it's my… the focus is on minorities, because
1653
Chairman of Chaos: Once it's done to the Black population, it makes it easy to do it to everybody else.
1654
Manny: Yep.
1655
Chairman of Chaos: So, in this, there were marches in Selma, and many different other areas. I think there was something done here in Atlanta.
1656
Chairman of Chaos: My, my… Challenge to you.
1657
Chairman of Chaos: Is let's not just walk, let's not just talk, let's not just make signs.
1658
Chairman of Chaos: It's time for action.
1659
Chairman of Chaos: It's time to hold town halls, to educate, to inform, to mobilize.
1660
Chairman of Chaos: Now is the time to show up and show out.
1661
Chairman of Chaos: If you have turnout, These efforts that they made to… Shrink the voting districts?
1662
Chairman of Chaos: Will be a moot point.
1663
Chairman of Chaos: And the reason for that is…
1664
Chairman of Chaos: They've overextended themselves, and they don't even realize it.
1665
Chairman of Chaos: You have… Water down your voting power.
1666
Chairman of Chaos: We just talked about this a couple weeks ago, when you redraw these maps.
1667
Chairman of Chaos: Because now…
1668
Chairman of Chaos: Where you had an area that was a stronghold, and you had a large concentration of numbers, you tried to break it down and spread it out so that you
1669
Chairman of Chaos: look like… You have the upper hand.
1670
Chairman of Chaos: But what they did not account for? And I cannot remember the…
1671
Chairman of Chaos: There was either a secret recording or a hot mic of a representative stating, we may have…
1672
Chairman of Chaos: caused our own downfall, and I want to say it was in South Carolina, because we may have empowered the Black population to increase their voter turnout by making these… redrawing these maps.
1673
Chairman of Chaos: So I challenge you.
1674
Chairman of Chaos: Organizers.
1675
Chairman of Chaos: Don't just… Playing marches and rallies and parades.
1676
Chairman of Chaos: Create a town hall. We've told y'all time and time again, the amount of information that we have to absorb and break down just to provide for you in this podcast, imagine the everyday individual trying to find the right information on who they're supposed to vote for in their new district.
1677
Chairman of Chaos: Where they supposed… where their polling place is.
1678
Chairman of Chaos: So… Give these town halls mobilized on election days, Drive people to the polls.
1679
Chairman of Chaos: You want voter turnout?
1680
Chairman of Chaos: Give them no excuse.
1681
Chairman of Chaos: Hound the pavement. That's your march.
1682
Chairman of Chaos: Sweep these areas, sweep these neighborhoods, sweep these communities, and get out and do something.
1683
Chairman of Chaos: that's where… The difference is gonna be made.
1684
Chairman of Chaos: That's my spotlight this week. That's also my challenge.
1685
Chairman of Chaos: to you.
1686
Chairman of Chaos: do something.
1687
Jeezy: Yay.
1688
Jeezy: preacher.
1689
Jeezy: Well, my spotlight of the week…
1690
Jeezy: goes to the new leadership that we have at the Department of Homeland Security. We talked about Mark Wayne Mullen when he was going through his confirmation.
1691
Jeezy: But… DHS has been at the…
1692
Jeezy: Center of a lot of scrutiny and criticism.
1693
Jeezy: Even from Christie Gnomes, and now he has inherited a department that he has to…
1694
Jeezy: Work at getting it back, centered to doing what it is supposed to be doing, and my spotlight is the work that he's trying to do
1695
Jeezy: while he's, been recently put into this position, there's a disconnect in Washington, and that disconnect is with the DHS and with Congress, because they simply just don't trust them, from a leadership perspective, and I think that Mullins understands that.
1696
Jeezy: And in reports, it has been stated that he's trying to lower the temperature inside of DHS by reducing the chaos.
1697
Jeezy: Reversing some of their controversial policies, and avoid the non-stop media firestorms that have really defined the department for over the past year.
1698
Jeezy: But that's gonna be tough for him to do.
1699
Jeezy: One of the people that, he'll have to, unfortunately.
1700
Jeezy: Well, fortunately, maybe half the convince is that of Rand Paul, who, if you watched any of the confirmation hearing.
1701
Jeezy: It's not someone that is a particularly… is particularly a fan of Mark Wayne.
1702
Jeezy: And I think that.
1703
Chairman of Chaos: He hate that man. He hate that man.
1704
Jeezy: Hate might be an understatement.
1705
Chairman of Chaos: But…
1706
Jeezy: But somehow, he's gonna have to figure out, in his leadership and cleaning up the DHS,
1707
Jeezy: He's gonna have to figure out, though they have some personal tension, and questions…
1708
Jeezy: I think one of the biggest hurdles is get Rand Paul…
1709
Jeezy: to at least understand where he's coming from and what he's trying to do. And he's gonna have to prove himself.
1710
Jeezy: to one rand.
1711
Jeezy: Which… bruh, I would hate that.
1712
Jeezy: prove myself to somebody that personally hates me. Right.
1713
Jeezy: He would have to do a hell of a job with the department, which is not impossible.
1714
Jeezy: I think that while… while Rand does not like him personally, I think that given if… if Mark Wayne does the right thing in his leadership capacity.
1715
Jeezy: I don't think that the personal will roll over into what Congress needs to do and the oversight.
1716
Jeezy: That comes with the DHS. So I think that that is a hurdle, that if he can somehow climb.
1717
Jeezy: and overcome… He would put the DHS,
1718
Jeezy: In the best position that it can possibly be in, especially given some of the firestorms that it has received in the media.
1719
Jeezy: He's understanding that, and he's doing something. There's movement that's being had. I think the first thing is cleaning up from the inside.
1720
Jeezy: He's working on that. Some of the controversial policies that have been in place, he's working on it. And I will say, all things being considered, since he has taken leadership.
1721
Jeezy: They have not been at the forefront of the media for a few weeks now.
1722
Jeezy: That could be a good thing, or a bad thing.
1723
Chairman of Chaos: That's true.
1724
Jeezy: But as a spotlight, I want to keep our eye on it, because while we may not agree with, you know, Mark Wayne as a person, or what he has done as his time in Congress, he potentially could be…
1725
Jeezy: redefining In providing a new face.
1726
Jeezy: to what the DHS looks like in the future, and if he can somehow mend and bridge the gap between DHS and Congress.
1727
Jeezy: he may be on to something. So that's my spotlight. I wanna keep an eye on it, because if he can clean it up.
1728
Jeezy: Kudos. One thing we do here at the pod.
1729
Jeezy: We gon' rate… we gon' rate them hot coals up under you if you… if you're looking to fool.
1730
Jeezy: But if you're doing something good.
1731
Manny: We gonna say?
1732
Jeezy: We'll say it. We're not here. While we love to crack jokes, and we love to do all those things, if a job is well done, the job is well done.
1733
Jeezy: And at least the first thing that we can say, different than the, head of the department that previously, has, was, was taken away…
1734
Manny: No $200 million commercial?
1735
Jeezy: Nope, nope, no commercials.
1736
Chairman of Chaos: Like a rhinestone hell.
1737
Jeezy: No, from what we can see, no ridiculous spending, on things that do not improve.
1738
Jeezy: The department. So, at least from what I can see, For now.
1739
Jeezy: There's a clear understanding of where they're at and where they need to go.
1740
Manny: Yeah.
1741
Jeezy: And we'll see what happens.
1742
Jeezy: So… Mark Wayne? Mark Wayne?
1743
Jeezy: Mark Wayne?
1744
Chairman of Chaos: Why?
1745
Manny: Still a wild name.
1746
Jeezy: We shall see, but that is my spotlight of the week. So, gentlemen…
1747
Jeezy: We've reached the conclusion of our episode, and to our listeners, we're always grateful.
1748
Jeezy: for you tuning in to another episode of Pardon the Politics Podcast.
1749
Jeezy: Fellas, all hearts and minds clear?
1750
Chairman of Chaos: Real quick, I would be remiss if I not… do not bring this up. Okay.
1751
Chairman of Chaos: Tuesday. I was about to be tripping. Tuesday is primary day here in Georgia. We got a very interesting race going on.
1752
Chairman of Chaos: on the Republican side, where the current Lieutenant Governor Burt Jones, is going up against billionaire
1753
Chairman of Chaos: what's that fool name? Jackson is his last name, I can't think of his first name.
1754
Manny: Action?
1755
Chairman of Chaos: But, definitely.
1756
Manny: I was just wondering, Ed.
1757
Chairman of Chaos: God.
1758
Chairman of Chaos: I gotta get his name, because I want to talk about his ad.
1759
Chairman of Chaos: He has an ad where he says.
1760
Chairman of Chaos: if… no matter if you're Muslim.
1761
Chairman of Chaos: or from Morocco, you have no business coming to our country trying to force your,
1762
Chairman of Chaos: Your culture on us.
1763
Chairman of Chaos: His name's Rick Jackson. And he says, if I'm governor.
1764
Chairman of Chaos: You're gonna be doing one of two things.
1765
Chairman of Chaos: You're gonna be deported?
1766
Chairman of Chaos: or disappear.
1767
Jeezy: Bruh.
1768
Manny: That's a… that's an aside.
1769
Chairman of Chaos: I tell you not. That is a… that is a political ad running on television.
1770
Jeezy: Is he a leader of Jackson Healthcare?
1771
Chairman of Chaos: Yes. Oh, yeah.
1772
Jeezy: He definitely looked like a person that would make a statement like that.
1773
Chairman of Chaos: Yes.
1774
Jeezy: But he would prefer to go with the second option.
1775
Chairman of Chaos: Yeah, I definitely prefer to go with the second option.
1776
Chairman of Chaos: So, and then on the Democratic side, and well, and then you also have Brad Raffensperger, who is the Secretary of State, who was the guy who Trump called to get that 11,780 votes.
1777
Manny: Hmm…
1778
Chairman of Chaos: trying to pressure him. So he's… he's in that race as well. On the Democratic side, we have former Atlanta Mayor Keisha Lance Bottoms, we have…
1779
Chairman of Chaos: I don't want to say unknown, because they were in states in it, but on the…
1780
Chairman of Chaos: Keisha carries the heavy name, and then we have a guy named,
1781
Chairman of Chaos: what's that fool name? I can't even think of it. But who… he was a Republican, switched eyes to Democrats.
1782
Chairman of Chaos: And then, you know, the other races, John Austin…
1783
Jeezy: too.
1784
Chairman of Chaos: Yeah, yeah.
1785
Chairman of Chaos: John Ossoff, is fighting… fighting for his seat. I think he's running unopposed on the primary side, but…
1786
Chairman of Chaos: In the general, he will be, you know, up for a challenge for his seat in the Senate, as well as many,
1787
Chairman of Chaos: a judge, there's a couple of Supreme Court, Georgia Supreme Court judge positions.
1788
Chairman of Chaos: State, Secretary of State, Attorney General.
1789
Chairman of Chaos: different positions that are on the ballot. So, the Democratic side, the ballot is quite long. If you're a Georgia listener, please make sure that you go to the bottom of your ballot and vote.
1790
Chairman of Chaos: for your, judges, Supreme Court, Court of Appeals.
1791
Chairman of Chaos: Make sure you vote for those.
1792
Chairman of Chaos: Provide an endorsement right now. Maybe in general.
1793
Chairman of Chaos: doing the general, but yeah, I just wanted to bring that up, that it's primary day for us here in Georgia.
1794
Manny: And for me.
1795
Manny: Quick shout out to our listeners, but I also want to shout out the Carolina Hurricanes and the.
1796
Chairman of Chaos: Auto Avalanche for both.
1797
Manny: making their way to the respective Eastern and Western Conference championships.
1798
Manny: Teeing up what could be a Colorado Avalanche.
1799
Manny: Carolina Hurricane Stanley Cup Final.
1800
Chairman of Chaos: And the Hurricanes are still waiting to see who they're gonna play.
1801
Manny: Yeah.
1802
Chairman of Chaos: That's wild.
1803
Chairman of Chaos: They've been to Alaska.
1804
Manny: Last game was 8-3.
1805
Chairman of Chaos: You know.
1806
Manny: elimination game for Buffalo, so…
1807
Manny: We'll see who they play, but they've been off… I think they've played 8 games in 30… 8 games in 36 days. It is the longest layoff in playoff history.
1808
Chairman of Chaos: I mean…
1809
Jeezy: Wild.
1810
Chairman of Chaos: We're rushed. Yep.
1811
Jeezy: I was about to say. Well, they…
1812
Manny: The, benefits of, of running, running the sweep the first two rounds…
1813
Chairman of Chaos: Yeah, for sure, for sure.
1814
Manny: So…
1815
Jeezy: We shall see.
1816
Manny: For our listeners, please make sure to like, share, and follow.
1817
Jeezy: Yes, indeed.
1818
Chairman of Chaos: Most important.
1819
Jeezy: you, and for those of you that don't know, the funny thing about if Carolina and the Colorado Avalanche make it.
1820
Jeezy: Manny is a Avalanche fan living in a hurricane state.
1821
Manny: has already started.
1822
Jeezy: A house divide around.
1823
Jeezy: So yeah, we definitely will keep an eye on that. And to our listeners, please like, share, and follow.
1824
Jeezy: the podcast… It's one thing to listen, We appreciate the listen.
1825
Jeezy: But it does us a great service when you take that episode, that knowledge, the laughs that you share with us, and share them with another person. Because at the end of the day, that's all we're trying to do. We're just trying to share…
1826
Jeezy: The love and joy with one another.
1827
Jeezy: So would that…
1828
Chairman of Chaos: Yeah, man.
1829
Jeezy: To our listeners, we hope this episode finds you in the best space possible, and just realize and know that if don't nobody love you, the boys here at the pod.
1830
Jeezy: We love you. Take care, and we'll see you the next episode.
1831
Jeezy: Take care.
1832
Chairman of Chaos: New world.
1833
Jeezy: Peace!