Treasury Secretary Scott Bessent explains the administration’s new tariffs, and why we had to do something to stop the slide.
(0:00) Trump’s Tariff Plan
(5:42) The Current State of the Stock Market
(8:22) Will Americans See Substantial Tax Cuts Because of Tariffs?
(13:16) How Much Money Will America Make Through Tariffs?
(14:33) Bringing Manufacturing Back to the US
(20:14) Tariff Pushback From Foreign Countries
(22:16) Will China Retaliate?
(25:42) How Will Europe Be Impacted?
(33:12) Is the Upper Class Out of Touch With the Lower and Middle Class?
(35:47) Bessent’s Biggest Worries
(42:35) The Long Term Benefits of DOGE
(46:17) The Corruption of the Federal Reserve
(49:22) Why Gold Is So Critical Right Now
(52:13) Zelensky's Self-Sabotaging Negotiation Tactics
(1:00:19) The Trump Administration’s Messaging About the Economy
Includes paid partnerships.
This is a Tesla model Y battery. It takes up all of the space under the passenger compartment of the car. To manufacture it you need:
--12 tons of rock for Lithium (can also be extracted from sea water)
-- 5 tons of cobalt minerals (Most cobalt is made as a byproduct of processing copper and nickel ores. It is the most difficult and expensive material to obtain for a battery.)
-- 3 tons nickel ore
-- 12 tons of copper ore
You must move 250 tons of soil to obtain:
-- 26.5 pounds of Lithium
-- 30 pounds of nickel
-- 48.5 pounds of manganese
-- 15 pounds of cobalt
To manufacture the battery also requires:
-- 441 pounds of aluminum, steel and/or plastic
-- 112 pounds of graphite
The Caterpillar 994A is used to move the earth to obtain the minerals needed for this battery. The Caterpillar consumes 264 gallons of diesel in 12 hours.
The bulk of necessary minerals for manufacturing the batteries come from China or Africa. Much of the labor in Africa is done by children. When you buy an electric car, China profits most.
The 2021 Tesla Model Y OEM battery (the cheapest Tesla battery) is currently for sale on the Internet for $4,999 not including shipping or installation. The battery weighs 1,000 pounds (you can imagine the shipping cost). The cost of Tesla batteries are:
Model 3 -- $14,000+ (Car MSRP $38,990)
Model Y -- $5,000–$5,500 (Car MSRP $47,740)
Model S -- $13,000–$20,000 (Car MSRP $74,990)
Model X -- $13,000+ (Car MSRP $79,990)
It takes 7 years for an electric car to reach net-zero CO2. The life expectancy of the battery is 10 years (average). Only in the last 3 years do you start to reduce your carbon footprint, but then the batteries must be replaced and you lose all gains made.
And finally, my new friend, Michael, made some excellent points: I forgot to mention the amount of energy required to process the raw materials and the amount of energy used to haul these batteries to the U.S. sometimes back and forth a couple of times.
But by all means, get an electric car. Just don't sell me on how awesome you are for the environment. Or for human rights.
Dr. Sharnael Wolverton Sehon
𝐉𝐨𝐢𝐧 👇 my newletter
https://t.co/ZlfhINZOPw
The Fibonacci sequence appears in nature more frequently than one might expect; the branching of trees, arrangement of leaves on a stem, the fruitlets of a pineapple, even the spiral galaxies all exhibit Fibonacci patterns.
18 days ago, President Javier Milei was inaugurated in Argentina. Since then:
-Eliminated 12 out of 21 cabinet posts
-Firing 5,000 government employees
-Ending 380k government regulations
-Banned woke language in the military
-Bill to affirm the right to self-defense
-Bill to legalize homeschooling of kids
-Proposal to punish all riot organizers
-Future welfare cuts for road-blocking
-Legalized paying contracts in bitcoin
-Privatization of state-run companies
-Opened up the Argentina oil industry
Argentina's President Javier Milei has ANOTHER major victory today.
He has proposed a law that affirms a right to self-defense in Argentina, which they do not currently have.
This will be applies in cases where someone tries to cause bodily harm to you or where they try to invade your property.
It also affirms that if the person trying to attack you dies, their relatives cannot sue you after the fact for defending yourself.
This is another MAJOR Milei victory in the same week where he has banned woke pronoun usage from government text, enacted reforms that will remove welfare benefits from anyone protesting in the streets blocking traffic and ban the usage of the word "free" to promote taxpayer-funded government programs.