Jonathan V. Last

and all the other things that Trumpism, you know, is like, like the racism and the, you know, rounding up Brown people and sending people off, you know, snatching, snatching Muslim grad students off the streets. There's an appetite for that. And if they get tariffs with that, then like, okay, they'll support it. But is there an organic place in the Republican party for this?

Well, let's talk about that. I don't think there's a way to, on any kind of near-term time horizon... put things back together again. What we're seeing right now, and here I want to talk a little bit about the bond market. What you have seen, you know, the bond market is where risk goes to hide, as William Cohen wrote earlier this week.

Well, let's talk about that. I don't think there's a way to, on any kind of near-term time horizon... put things back together again. What we're seeing right now, and here I want to talk a little bit about the bond market. What you have seen, you know, the bond market is where risk goes to hide, as William Cohen wrote earlier this week.

Well, let's talk about that. I don't think there's a way to, on any kind of near-term time horizon... put things back together again. What we're seeing right now, and here I want to talk a little bit about the bond market. What you have seen, you know, the bond market is where risk goes to hide, as William Cohen wrote earlier this week.

And yesterday you saw the Dow lose a thousand points and the yield on the 10-year treasury bill go up, which is not supposed to happen.

And yesterday you saw the Dow lose a thousand points and the yield on the 10-year treasury bill go up, which is not supposed to happen.

And yesterday you saw the Dow lose a thousand points and the yield on the 10-year treasury bill go up, which is not supposed to happen.

Right. And what that means is that money is getting pulled out of America. Yeah. Because investors think that America has systemic risk. And I don't know how that gets fixed, except as like a generational project, right? I mean, if America is no longer a place where it is safe, really, to put it, it's no longer the ultimate safe harbor, right? The money and capital will find someplace else.

Right. And what that means is that money is getting pulled out of America. Yeah. Because investors think that America has systemic risk. And I don't know how that gets fixed, except as like a generational project, right? I mean, if America is no longer a place where it is safe, really, to put it, it's no longer the ultimate safe harbor, right? The money and capital will find someplace else.

Right. And what that means is that money is getting pulled out of America. Yeah. Because investors think that America has systemic risk. And I don't know how that gets fixed, except as like a generational project, right? I mean, if America is no longer a place where it is safe, really, to put it, it's no longer the ultimate safe harbor, right? The money and capital will find someplace else.

No, it's dead, though.

No, it's dead, though.

No, it's dead, though.

I want to talk a little bit about another piece you wrote recently on smuggling in the black market that we will see. I hadn't really thought about this. We have this long, unpoliceable border, especially between Canada and the United States. These tariffs are real. A lot of merchandise is going to fall off the back of trucks, isn't it?

I want to talk a little bit about another piece you wrote recently on smuggling in the black market that we will see. I hadn't really thought about this. We have this long, unpoliceable border, especially between Canada and the United States. These tariffs are real. A lot of merchandise is going to fall off the back of trucks, isn't it?

I want to talk a little bit about another piece you wrote recently on smuggling in the black market that we will see. I hadn't really thought about this. We have this long, unpoliceable border, especially between Canada and the United States. These tariffs are real. A lot of merchandise is going to fall off the back of trucks, isn't it?

I'm sort of struggling to even think this all the way through because it's so depressing. But that would present another vector for Trump's use of the police state, right? I mean, like at that point, we do start inching towards Stasi and lives of others and stuff, don't we?

I'm sort of struggling to even think this all the way through because it's so depressing. But that would present another vector for Trump's use of the police state, right? I mean, like at that point, we do start inching towards Stasi and lives of others and stuff, don't we?

I'm sort of struggling to even think this all the way through because it's so depressing. But that would present another vector for Trump's use of the police state, right? I mean, like at that point, we do start inching towards Stasi and lives of others and stuff, don't we?

Yeah. And once it's in, right, once the merchandise gets into the States, then stopping distribution is impossible.