Josh Gay

I'm Josh, filling in for The David Pakman Show.

You can catch me on Ring of Fire doing content on the weekends, youtube.com slash The Ring of Fire.

And we have to ask, why is crypto crashing out right now?

And there's a lot that goes into the market of crypto.

Gold, silver, all of that plays a role.

But a lot of the issue stems directly from the Trump administration.

And there's four things at play here.

First of all, geopolitical instability has a lot to do with the markets overall.

It is extremely hard to convince investors that we are in a stable world market right now.

When you have someone like Trump alienating every ally out there,

Talking tough on Europe, on China, on Russia.

We have no friends.

That's not good for the economy.

And especially since we're always a truth social rant away from ramping up military tensions somewhere along the globe.

That instability also comes from the will he or won't he tariffs, the taco plan, the Trump always chickens out philosophy.

Threatening a tariff, pulling it back, threatening it again, it leaves markets absolutely nervous.

There's no way you can do business if you have no idea what's going on.

what doing business is going to cost.

And of course, I've got to reiterate, the tariffs are largely paid by consumers.

We know that over 90% of the tariffs are paid for by us, the consumers, the American consumers.