Terrence Howard
π€ SpeakerAppearances Over Time
Podcast Appearances
I think it's at $61,000 now.
Well, his ideals and approach would have worked 40 years ago when you had the dollar dependency
that every other country, you know, if you wanted to trade something, you had to have U.S.
So it kept our economy stable and strong.
We could print as much money as we wanted to because we can always borrow money at very low rates because everybody wanted to do business with us.
But now that the U.S.
dollar has lost, it's no longer being β it's no longer β
It's turning into the sterling pound.
For 100 years, that was the money thing.
But now we can't push the things or use the force that we were using 40, 50 years ago because the dollar is no longer necessary in the world.
So we have to take a more diplomatic approach now.
I appreciated the strength by which he came out and was like, hey, NATO, you got to pay your fair share.
Hey, Canada, you've been taking advantage of us for years, you know, with these trade agreements.
China, you know, you're doing the same thing.
But we don't have the staying power that we had before.
It's a global economy now.
So when a major portion of that global economy is being blocked up with trade embargoes and tariffs and all of that, when everybody is talking, now China is like, okay, great.