Ep. 771 New Rules

Podcast Summary

• Vongino discusses media coverage on Russia investigation and introduces new rules: Vongino expressed frustration with media coverage on the Russia investigation and introduced new rules for discussing the topic, while also promoting a company addressing air quality concerns.

  During the latest episode of the Dan Vongino show, Vongino discussed the current state of media coverage on political issues, specifically the Russia investigation. He also introduced new rules regarding the topic, expressing his frustration and receiving a large response from viewers. Additionally, Vongino promoted Filter by, a company providing HVAC filters, due to concerns about air pollution in national parks and the importance of maintaining good indoor air quality. Overall, the episode showcased Vongino's perspective on media coverage and the importance of addressing everyday issues like air quality.

• Winning is the new politics: Politicians' personal lives and past mistakes no longer matter, focus is on positive impact and winning.

  According to the speaker, the new rules in politics are about winning, regardless of personal matters or past mistakes. They no longer care about the personal lives of politicians or past controversies, but rather focus on the potential positive impact they can make. The speaker emphasizes that the Democrats did not care about Bill Clinton's behavior while he was in office and that the focus should be on saving lives and winning, rather than fighting over moral and ethical issues. The speaker also expresses their personal priorities, which include their money, family, and business, and their ability to invest in themselves and their show. Overall, the message is that winning matters and that personal matters should not overshadow the potential positive impact that can be made.

• A Businessman's Perspective on Government Regulations: The speaker advocates for economic freedom, smaller government, and opposes regulations deemed detrimental to his business. He values saving lives, family, and community, and is willing to engage in confrontational rhetoric to achieve his goals.

  The speaker is passionate about winning and implementing new rules that benefit him and his business, while opposing regulations and policies he deems detrimental. He expresses a desire for economic freedom, smaller government, and an end to what he perceives as government attacks on individuals and businesses. The speaker also emphasizes the importance of saving lives, family, and community, and is willing to engage in what he sees as necessary fights to achieve these goals. Additionally, he expresses a lack of concern for moral victories and a willingness to accept and even escalate confrontational rhetoric.

• Fighting for Your Values: Individuals have the power to take a stand and fight for their values through various means like social media, emailing legislators, and attending rallies, without resorting to violence. Support the president in defending individual rights.

  Individuals have the power to take a stand and fight for their values, and it's important to be aggressive in doing so against those who seek to control various aspects of their lives. The speaker encourages owning the narrative and taking action through various means, such as social media, emailing legislators, and attending rallies. The focus should be on winning the political and moral battle, without resorting to violence. The current president is seen as a defender of individual rights, including freedom, money, and business, and it's important to support him in that role. The speaker expresses frustration with those who criticize and opposes them, but urges to stay focused on the fight and not get distracted by irrelevant issues.

• Exciting news about potential US-EU tariff elimination: The US and EU may eliminate tariffs on various products, which could lead to significant economic benefits and improved international relations

  The app Blinkist provides an efficient solution for busy individuals who want to expand their knowledge by summarizing best-selling nonfiction books into key insights, allowing users to learn in just 15 minutes. During a recent Facebook Live, the host expressed excitement about a potential agreement between the US and European Union to eliminate tariffs on various products, emphasizing the positive impact this could have. Blinkist, with its vast library and mobile format, offers a valuable resource for individuals seeking to stay informed and knowledgeable.

• US and EU tariffs elimination impact: Eliminating tariffs between US and EU could lead to significant economic growth, making US imports cheaper for Europeans and US exports cheaper for global consumers, potentially increasing demand for US products and a stronger global economy.

  The potential elimination of tariffs between the United States and the European Union could have a profound impact on both economies. This reduction in trade taxes would not only benefit the US economy but also the global economy, as the world is a significant customer for US products. However, reaching a zero-tariff environment will not be easy, as there are significant tariff differences between the two trading partners. For instance, Europe imposes a 10% tariff on US-made cars, while the US charges only 2.5% on European cars. This trade imbalance could pose challenges for industries that make the majority of their profits from imported goods, such as trucks and SUVs. Despite these challenges, the economic benefits of a zero-tariff environment could be as significant as the tax cuts, potentially leading to economic growth on par or even greater than what was achieved through tax reform. The tariffs act as taxes at the border for imported goods, and reducing them would make US imports cheaper for European consumers and US exports cheaper for global consumers. This could lead to increased demand for US products and a stronger global economy. The US, with its large economy, is in a strong position to negotiate these trade agreements and potentially come out on top in the ongoing trade discussions.

• Impact of Trade Wars on Economies: Trade wars can have unintended consequences, such as disrupting global supply chains and affecting American companies with overseas operations. However, the US, as a net importer, may suffer less in a trade war than countries that export more.

  The global economy is interconnected through trade and debt. The United States, while having a relatively small exports share in its economy, still sends money overseas to buy goods and services. This money comes back in the form of debt or investment. In a trade war, countries that import more than they export, like the United States, may suffer less than those that export more. Trump's tactics in the EU-US trade dispute were unexpected, resulting in significant concessions from the EU, leading to increased exports of US soybeans and liquefied natural gas. However, tariffs can disrupt global supply chains and have unintended consequences, such as affecting American companies with overseas operations. It's essential to understand that the global economy is interconnected, and actions in one part of the world can have ripple effects elsewhere.

• Impact of Tariffs and Trade Tensions on the Global Economy: Tariffs to protect domestic industries may lead to higher consumer prices and job losses, while trade tensions between US and China could result in currency manipulation and economic instability. A favorable trade deal between both countries could lead to significant economic growth.

  The global economy is increasingly interconnected, and actions taken to protect domestic industries through tariffs can have unintended consequences, such as higher prices for American consumers and potential job losses. Additionally, the speaker expressed support for the House Freedom Caucus' efforts to impeach Rod Rosenstein due to his role in the Russia investigation and perceived lack of compliance with congressional subpoenas. Another significant development mentioned was the possibility of China manipulating its currency in response to trade tensions with the US. Overall, the speaker emphasized the potential for significant economic growth if the US and China can reach a favorable trade deal.

• China's currency manipulation and social media bias: China's currency devaluation can lead to capital flight, while allegations of bias on social media platforms may violate campaign finance laws, demonstrating the intricate relationship between economics and technology, and the implications of government intervention.

  The Chinese economy is attempting to manipulate its currency to make their products cheaper in comparison to the US dollar, in response to tariffs. This devaluation of their currency can lead to capital flight, where people move their money out of China and into the US. Additionally, there have been allegations of bias and censorship against conservatives on social media platforms like Twitter and Facebook, which could potentially violate campaign finance laws if they favor certain political candidates over others. These issues highlight the complex interplay between economic and technological spheres, and the potential consequences of government intervention in private companies' practices.

• Political fights with conservatives can harm businesses financially: Companies risk losing business and facing financial consequences for taking ideological stands against conservatives

  Engaging in political fights with conservatives can have significant financial consequences for businesses. The speaker, who once owned a decent amount of Facebook and Twitter stock, sold it due to the perceived lack of a long-term business model in taking on conservatives. He cites numerous examples of companies, including Target and Dick's Sporting Goods, that have suffered financial losses after getting involved in political controversies with conservatives. The speaker warns that companies like Facebook and Twitter that continue to take ideological stands against conservatives risk losing their business and facing financial repercussions. He also criticizes Joy Behar for her comments on The View, stating that she often makes damaging and incorrect statements. The speaker concludes by thanking a sponsor, We The People Holsters, whose business has thrived since being featured on the show.

• Custom-made holsters with adjustable features: We the People Holsters offer custom-made, affordable holsters with adjustable cant, retention, and clip position, backed by a lifetime guarantee.

  We the People Holsters offer custom-made, perfectly fitting holsters made in the USA, with adjustable cant, retention, and clip position. Their holsters come with a lifetime guarantee, various designs, and start at just $34 with free shipping. Joy Behar, on The View, mistakenly discussed socialism in relation to Venezuela instead of Scandinavian countries and was called out for her lack of knowledge on the topic. Despite her claims, Norway, Finland, and Denmark are not socialist countries, as proven by their political leaders. It's essential to understand the facts before making misinformed statements on television. We the People Holsters provide a high-quality, affordable, and perfectly fitting solution for gun owners.

• Misconception about Scandinavian economies being socialist: High taxes and big governments in Scandinavia can slow down economic growth, as seen in Sweden's case, and people tend to be wealthier in countries with freer markets and lesser government burden.

  The ongoing debate about the economic systems of Denmark and other Scandinavian countries being socialist is misinformed. These countries are not socialist, but rather capitalist with large governments and high tax rates. The real debate should be about the comparison between capitalism with lower taxes and smaller government versus capitalism with higher taxes and bigger government. The evidence shows that high taxes and big governments can slow down the growth rates of economies. For instance, Sweden's economy moved from 4th in the world to 13th in the world after it took on a higher tax load and bigger burden of government in 1975. Additionally, people who move from these countries to the United States, which has a freer market and lesser government burden, tend to be wealthier. Therefore, it is crucial to clarify the misunderstanding about the economic systems in Scandinavia to avoid conflating socialism and capitalism.

• Scandinavian countries have a business-friendly climate: Scandinavian countries have low regulation, competitive taxes, and a free market system that effectively regulates prices and availability of products, despite high personal taxation and big government agendas.

  Despite common misconceptions, Scandinavian countries have a business-friendly climate with low regulation and competitive business taxes, even with their high personal taxation and big government agendas. The free market system effectively regulates the availability and pricing of products, while government attempts to simulate a free market through programs like Obamacare often result in unintended consequences, such as the expansion of Medicaid leading to healthier, non-poor individuals joining and disrupting the funding balance for those truly in need.

• Obamacare's Medicaid expansion leads to inflated claims and rationed care: Obamacare's Medicaid expansion results in a gravy train for insurers, while states ration care for the sick and poor due to budget constraints

  The expansion of Medicaid under Obamacare has led to inflated claims and a lack of cost control in the insurance industry, as states believe the federal government is covering most of the costs. This has resulted in a gravy train for insurance companies, but when it comes to paying for traditional Medicaid recipients, states are starting to ration care due to budget constraints. The situation is particularly concerning for the sick and poor, who are facing rationing of care while those above the poverty line receive expanded benefits. The overall impact of this situation is an epic failure of government to effectively manage healthcare resources, with the free market potentially offering a more effective solution. It's important to note that this issue is not about personal matters such as Dan Bongino's favorite movie or affair, but rather a significant problem that needs attention and resolution. If you're interested in learning more, be sure to subscribe to Dan Bongino's podcast and follow him on Twitter for updates and insights.