➡ The CEO of Qantas suggests that flying and owning cars may become so expensive that only the wealthy can afford it. This is due to new tariffs imposed by Trump, which have increased the cost of foreign cars by 25%. These tariffs are expected to benefit Tesla and its CEO, Elon Musk, as they produce their cars entirely in the U.S. The tariffs are also predicted to reduce the number of cars made and sold in America, with the only winner being the federal government’s tax coffers and Musk.
➡ The text discusses the potential of stable coins and cryptocurrency as a means of wealth denomination for the global population. It suggests that most people would prefer to denominate their wealth in US dollars, and this preference could be capitalized on through the use of crypto. However, it warns against the risks of tokenization, securitization, and other forms of financial repackaging, which could lead to exploitation. It also emphasizes the importance of understanding that digital currencies are not inherently stable, private, or secure.

The CEO of Qantas admitted this week that flying may well become so expensive that it is something only for the privileged. And not just flying, but here in America. Cars. Cars will become so expensive that only the wealthy will be able to do it. Because you know, Trump just added 25% to foreign cars yesterday. The average price of a car is $48,000, so he just added $12,000 to the price of a car. What’s all this stuff about? You’re not going to pay the tariffs. Other people will pay the tariffs, right? Well, you’re going to pay the tariffs if you buy anything.

And who benefits from all this? Tesla. More than anybody else. Elon Musk. As one person on X said, Night Watch N8. This was sent to me by a listener. Thank you. Why Elon was put here? He said, and he had to list there 12 states who are working on banning automobiles. You know, the real automobiles, not the electric stuff that you need tethered to the control, but the ones that use fuel. And of course it’s California doing it and 11 others that are tethered to them. And, uh, you know, look, Biden was against cars because of his green agenda.

And what did he do? He ran sanctions and he says, it’s going to be very painful, but that’s where we got to go. Now, Trump is doing it really a war on cars. I know any other thing to call it when it’s a 25% tax, but he’s doing it to help us as a nation, isn’t he? And he’s not doing it and calling it a sanction. He’s calling it a tariff. And the other person who is going to benefit from all this stuff is going to be Elon Musk, who is moving to rental.

Uh, why did that go? You’ll own nothing and you’ll be happy. You’ll rent everything. Trump’s new car tariffs are a $100 billion tax increase that nobody wants. And he admitted that it’s going to be a hundred billion dollars. Actually, actually that was his staff. Trump says it’s going to be way more than that. All right. Can people, can the MAGA people get their head around this that it’s a tax, that it’s something that you were going to pay? They said on reason, they said the president gleefully predicted the cost to consumers could be as much as 10 times higher.

Few trade policy moves are more abundantly counterproductive and costly than tariffs on cars and on car parts. And when we look at the entire price of a car, average $48,000 today, adding $12,000 to it, taking a $48,000 on jumping it to 60 automatically. Well, most of the cars that are going to be sold here are a mixed bag. And so there’s going to be some parts that are involved in it and those parts are going to be taxed. And so it won’t be the full 12,000, but they’re looking at it being, you know, 5,000 or more added to the price of a car because of this back and forth and back and forth.

They had a trade agreement that Trump was so proud of had NAFTA did it. And you had then his USMCA. And so for about 30 years, we’ve been telling all the businesses, say, we want you to distribute your production across the US, Canada, and Mexico. And now Trump is going to bring a screeching halt to that. And while he gets everybody’s attention for this, he’s working on the crypto stuff in the background. He said, instead, the tariffs are going to make cars and light trucks more expensive, will likely reduce the number of cars made and sold in America.

The only winner is likely to be the federal government’s tax coffers and Musk. Americans will pay the money for the privilege of buying a car that the government dislikes for arbitrary reasons. Again, for Biden, it’s, oh, I don’t like your car because it burns gasoline for Trump. I don’t like your car because it came from that country. Immediately he disputed his own staff’s estimates of a hundred million dollars. He came up with a much higher tax increase on Americans. He says, I don’t think ultimately we could probably get anywhere from 600 billion to a trillion.

He said, I think we’ll go from 600 billion to a trillion in two years. Just like Biden. Yeah, you’re going to pay more for this and you’re going to have fewer choices, but, and it’s going to be painful, but Hey, it’s worth it for my agenda. Biden said that Trump said that they’ve got a slightly different agenda that they’re selling you, but they both don’t care about your pain. It’s worth it to them. If the goal of the terrace is to draw more manufacturing in the U S and the tariff revenue would decline over time rather than increase.

All right. But whatever the final figure. So in other words, he’s saying, well, I think it’s going to start out of this and then it’s going to get bigger. Well, then you’re expecting that there’s not going to be any domestic increase in production that instead we’re going to continue along the same path and you’re just going to get more and more tax revenue because if people start making this stuff here in America, then that’s going to cut out your revenue. They said, whatever the final figure turns out to be, the new tariffs are a significant disruption for the auto industry that employs more than 7 million people.

Even before Wednesday night’s announcement, industry insiders projected lower sales and economic disruption. See, this is something that’s going to hurt the private economy. California has just lost a tremendous number of private jobs and added even more jobs into the public sector. So that’s where we’re headed with all of this stuff. Cox automotive projects that there will be 700,000 fewer cars sold in America, you know, GM and Ford stock went down on this announcement. A 4.3% decline from last year’s total. And history suggests that everything is going to get more expensive, including even the domestically produced cars, because we saw this thing, same thing happened when Reagan did it.

Reagan imposed import quotas on Japanese cars. The result was higher prices for cars made in Japan, of course, but also higher prices for cars made in America and Europe. Because they faced less competition, car makers simply started charging more. So the hundred billion dollar tax is likely not going to be the only cost incurred by these tariffs. So is it worth it to ask what is the Trump administration trying to accomplish here? And what is a foreign car? If you distributed your production across US, Mexico, and Canada, if you have a BMW that’s built in South Carolina, is that a foreign car because the name of the hood? What about a Toyota truck that is assembled in Tennessee? What about a Ford that is built in Mexico with parts sourced from every corner of the globe and taxed as they come back and forth? Well, the bottom line is that they want to ban on private cars.

And I think this is one of the reasons why Tesla is the big winner in this. You know, there’s not any for any company that sells cars in America that makes the cars 100% in America, except for Tesla. What a coincidence. Isn’t that amazing? And so while competitors like Ford and GM will see just with the parts that are going back and forth, they’ll see anywhere from four to five thousand dollars, according to industry averages per vehicle, even though they’re building them largely in the US. Again, if a car comes in, it’s going to be much more than that.

But he’s not going to have any of that. And as I said, you know, I mean, you’ve seen the US government hawking his cars as people are attacking the dealerships because they don’t like his politics. As you see his sales in Europe tanking down 49%. And you see the competition from the Japanese companies. This has Elon Musk’s fingerprints all over it. And we know where this is all headed. It’s so effective. And in the UK, they have gone down the path that all these vandals that just stop oil people, the ones who are throwing paint on all the paintings and vandalizing everything.

They’ve now said we’re ending our campaign because the UK government has now adopted what we wanted. They’re getting rid of the quote unquote fossil fuels. So they’re going to get rid of the cars. They’re going to make sure that you a can’t afford them. That’s a big part of what Trump is doing. Big boost in the price of cars. So you can’t afford them. You’ll have to rent them, rent them by the ride. And, uh, whether they use this excuse, so we’ve got to save the planet from melting down or we’ve got to save American manufacturing.

Either way, it comes out the same thing, ending private cars that are independent of the grid. Crypto fund manager says, this is the single largest arbitrage in human history. Yeah. We’re talking about the stable coins is what he is talking about and understand that when we talk about this, what we’re talking about fundamentally is tokenization, securitization, derivatives, things like ETFs, all of this stuff. And if you go down this road, you’re ripe for the taking and they can’t wait. Speaking of stable coins and the ability to use them for payments.

What’s I think if you go, there’s 8 billion people on the planet. If you could go to each of those 8 billion people and ask them, you know, Hey, you can denominate your wealth in any asset, gold, Apple stock, as in be 500 euros, you know, yen, whatever you want. My suspicion is if you want to ask everyone in the world and they could answer the question without fear of political persecution, I suspect five to 7 billion of them would say US dollars. Um, and so it’s like probably like the single largest, like arbitrage ever in human history is to just get those people what they want.

Um, if you think that’s what they want, then, then give it to them. Uh, and crypto rails are going to be the mechanism by which you do so. And so I think there’s a massive opportunity to get, uh, stable coins in the hands of billions of people. So he said a massive arbitrage. In other words, he’s looking at making a lot of money. You do an arbitrage. If you can find something is being sold in China very cheaply, and then you can turn around and sell it on Amazon. That’s one simple arbitrage.

That’s right there. He’s looking at being able to make massive amounts of money off of this 8 billion people on the planet. You ask them, what do you want to denominate your wealth in? You wanted an Apple stock or S and P 500 euros, you know, and whatever gold, any of this stuff. Oh, I think most people would want dollars. You think so? I don’t know. Uh, I guess I’m not like most people. I’d go for the gold, but, uh, but the bottom line is folks, if you put your money, you’re at, if you take your wealth and if you put it in Apple stock, what would they do that set up some kind of a derivative, some kind of an ETF, right? It’s not good enough just to own the Apple stock.

No, no, no. BlackRock and these other people are going to repackage it for you just like they repackage real estate and sell you fractional parts of it. Just like they repackage supposedly physical gold, which they don’t own, uh, for the most part, but you know, we’re going to tell you that we got gold. Not going to say how much you can’t redeem these certificates for the gold, but we’ll tell you that we got gold somewhere, some amount of gold somewhere. And we’ll sell you stuff that at the price of a 10th of an ounce, except it doesn’t track the price of gold because they don’t have gold.

Anyway, the ETFs, the derivatives, the tokenization, the securitization, these things are all opportunities for them to quote unquote arbitrage. It allows them to interpose themselves. Even when you talk about, and like I said yesterday with Tony, the biggest red flag on all this stuff is the tokenization, the ETF of Bitcoin. Bitcoin is infinitely divisible, right? And you don’t need to have an ETF on top of that. To me, that just reeked of exploitation and where stuff is all going. And so whatever you choose to put your wealth in, if you choose then to get it in a token version or a securitized version or an ETF or a stable whatever, then you’re choosing to let these people rip you off.

I mean it, it’s, you know, except no substitutes, get the real stuff. If you want Bitcoin, get real Bitcoin. Don’t get it. You can get it. You can get a small fractional amounts as well. By the way, you can go to davidknight.gold.com to get you to Tony Ardibin. And again, that’s one of the places where I’ve seen the small fractional gold, you know, you can get gold that is less than a $3,000, almost $3,100. Less than a $3,100 coin. You can still get small fractional amounts of coins. I I got familiarized with that as some people kindly put me into the Wolfpack thing and send me some of that.

And so it’s like, Oh, look at that. That’s cool. I didn’t know that existed before. And so yeah, there’s a lot of stuff that is there, but look, this is where these people are headed. It’s all about ripping people off. Look just understand when I talk about a dollar backed stable coin and private crypto and all the rest of it, understand that the dollar is not stable. That digital currency is not a coin. Understand that crypto is not private and neither is some kind of private crypto is not private. You don’t have privacy with that.

Okay. So they use these words. They call it stable. They call it a coin. They call it crypto. They call it private. They use all of these words to deceive you. It’s none of these things. That ought to be a real warning. I’m trying to warn you, I tried to warn you about the vaccines and the lockdowns and the January the sixth, I’m warning you about this crypto game that is out there as well. It’s not stable. It’s not a coin. It’s not private. It’s designed to do exactly the opposite of all of this stuff.

Hello, it’s me, Volodymyr Zelensky. I’m so tired of wearing these same t-shirts everywhere for years. You’d think with all the billions I’ve skimmed off America, I could dress better. And I could, if only David Knight would send me one of his beautiful gray MacGuffin hoodies or a new black t-shirt with the MacGuffin logo in blue. But he told me to get lost. Maybe one of you American suckers can buy me some at the David Knight show.com. And David is giving a 10% discount to listeners from now until 2025. At that price, you should be able to buy me several hundred.

Those amazing sand-colored microphone hoodies are so beautiful. I’d wear something other than green military cosplay to my various galas and social events. If you want to save on shipping, just put it in the next package of bombs and missiles coming from the USA. [tr:trw].

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