Donald Trump JUST U-turned at Davos???

Donald Trump just addressed the Davos World economic forum and he changed his tune on a few things and I wanted to give you a heads up on these not only from the point of view of Taxation but also Russia Ukraine and most importantly crypto for a lot of folks standing by for that crypto announcement today and this is because Senator Lumis suggested hey stay tuned for a crypto announcement while Donald Trump did drop the word crypto and becoming a great crypto Nation he didn't mention anything regarding what the crypto nation is looking for which is

that establishment of a strategic cryptocurrency Reserve maybe that's going to come in partnership with El Salvador some folks are hoping for Donald Trump has said that the Strategic Bitcoin reserve the United States has would simply consist of cryptocurrencies in total that includes Bitcoin or other cryptocurrencies that are seized from criminals and then held however some are hoping that the United States could go on as far as purchasing up to $100 billion of Bitcoin over the next four to five years to contribute to the Bitcoin currency reserve and we didn't hear anything about this today uh

at least not yet but we did hear some other changes the big one to me was the change in tune that I just heard from Donald Trump on Russia and Ukraine and this one I have to say is a little bit of a letdown Donald Trump suggested that we need the cost of oil to come down now you might think wait what does this have to do with Russia Ukraine that's what I thought too but it's coming so Donald Trump starts by lambasting Saudi Arabia suggesting hey y'all are trying to you know be cool and

invest uh $600 billion into America over the next years you know I'm going to ask you to round that up to a trillion dollars and at first I'm starting to you know kind of scratch my head going are are we just like pulling numbers out of nowhere at this point because I kind of alluded to this silliness uh or of these numbers because I want to see these things turn into reality on Twitter on a uh with my post here take a look at this I posted this yesterday the world has turned into a pissing

contest of who can invest more money into the United States of America for Donald Trump first it's a100 billion by SoftBank then it's $500 billion over 5 years then Saudi Arabia is like oh yeah well we got $600 billion who's next I wrote yesterday and In fairness I also wrote hell I'm here for it this is great for America right like this is great for the American worker and the American aot be like I'm all for it this this is a good thing but there's also some lunacy that was the word I was looking for

earlier in in some of where these numbers are coming from because I'm like wait a minute are we just like like pulling these out of thin air or these actually going to turn into reality so this irony is me going who's next well who's next is Donald Trump going back to the $600 billion doll figure going hey can you get this up to a trillion dollar I mean it's it's literally like negotia hey I got these guys at 600 now you're at five can we get youi this feels like a real estate deal you know

hey again all here for it but wait a minute so what does this have to do with Russia Ukraine and oil well so as he's begging the Saudis for more money he also says hey you know I'm a little disappointed you didn't do more to get oil prices down before I became president and then I'm like oh okay so their job was to get oil prices down before you became president apparently yes so Donald Trump expressed his frustration that oil prices were not lower before he became president and now even though he wants more oil

production oil prices are down about 1% after his commentary we're still at 78 bucks on Brent well actually have is Donald Trump now saying that hey we need oil prices to come down because if oil prices came down the Russia Ukraine war would end immediately okay that's a really big change in tune because he's always said that he would end the war within 24 hours of taking office now obviously a lot of us thought this was just sort of hyperbolic that all right like you know even if he ends the war within a month it's

going to be a good thing and obviously we're only like 4 days in now so maybe it's not that big of a deal right okay fine but wait a second now all of a sudden the war in Ukraine between Russia and uh well Ukraine is not going to end until oil prices come down so that's a little bit problematic because a lot of people see this and say Hey you know is this a uturn on what you promised us or is this potentially a realization that negotiating with Putin isn't going to be as easy as

previously thought now when he was asked about this he ended up responding with well the war would have never happened had I been president but sir you're not you were not the president when the War Began so while that is possible it's not the reality we face today and so now the question that people have is okay like are you just going to throw in the towel on Russia Ukraine because oil prices are high and you're blaming the Saudis for that so there's some frustration that I see people think are going to come from this

now he does go into talking about how because he's declared a national Energy emergency he's going to be able to bypass a lot of energy environmental reviews that'll make it a lot easier to build infrastructure projects faster okay great but wait a minute we have two problems with that problem number one is you're going to face a lot of lawsuits which he's no a foe to lawsuits or unfamiliar with lawsuits but those lawsuits and judges could potentially put a kabash on on how quickly some of these emergency orders could be used to bypass environmental regulation

because remember government is all about balancing the needs of multiple different people or interests and yes environmentalists do have a say as well because they are also taxpayers now I'm not taking sides here I'm just saying there are going to be problems on one hand with that for bringing oil prices down and number two the Wall Street Journal isn't actually that optimistic take a look at this the Wall Street Journal uh wrote oil and gas compan to stay put for now this was a couple days ago they wrote this but it's relevant now Trump wants

oil and gas producers to drill baby drill but they have adopted a cautious approach to how they spend money frackers are more focused on returning cash to shareholders via BuyBacks and dividends rather than reinvesting it in the oil patch Shale operators known for drill for oil or also drill for oil overwhelmingly on private land and opening up more federal land or for deployment is unlikely to unleash a drilling frenzy meanwhile pipeline firms which have run into a strident opposition from environmental groups in recent years still have to navigate a complex regulatory environment to make sure

long-term econ economics make sense before they Greenlight multi-billion dollar projects in other words like even if you clean up regulation you still have to as a company decide doesn't make sense to spend multi-billions of dollars on new energy infrastructure but when Brent's at $78 well a lot of people say only when oil is above $100 in other words oil companies are really only incentivized to drill baby drill when oil is above $100 because the ROI on these multi-billion dollar projects is huge if oil plummets because a bunch of companies are like yeah we're going to

do new oil projects or whatever and the price of oil plummets to 50 bucks they actually might cancel those projects because their Roi could be negative so like more oil project it's sort of like damned if you do damned if you don't right if you don't build oil prices stay high but if you do build uh oil prices plummet and you want to like you you don't want to build more because then you're just adding to the supply problem and you're reducing your Roi but if oil prices are high you wish you had the infrastructure

so you could capture it so little little bit of a struggle there every company is going to have to analyze the regulatory risk and the cost profile for what they want to do exactly so this is just a you know those are two problems here but the reason I bring those up again now is because those two problems say all right does that mean the war in Ukraine is just not going to end because oil prices now are going to stay high again A lot of people are going to go you said 24 hours again

let's give him the benefit of the doubt let's call it 24 days let's call it 24 weeks for goodness sake but what I just heard from him was not very optimistic I would have expected a lot more optimism that yes it wasn't within 24 hours okay hyperbolic get it but now it sounds like we're throwing in the towel on Russia Ukraine until oil prices come down I'm very disappointed in that anyway uh then Donald Trump says that interest rates need to come down now around the world he's going to push for that uh to happen

uh he reiterates how he's trying to fix the border and else uh and all else he came up with a new demand as well for NATO he said he wants all countries in NATO to now contribute 5% of their GDP towards uh NATO funding up from 2% this kind of in some part relates to the Russia Ukraine situation again because the Russia Ukraine situation is going to be expensive for longer sort of like higher for longer costs are higher for longer and so now it's like everybody needs to contribute more because we're going to be

a war with Russia Ukraine for longer it sort of feels like a tcid admission that this war is going to go on longer now he does say we'll have rapid energy approvals again though that's sort of PR like limited by the other issues that we just talked about talks about building new electrical plants near infrastructure including clear Clean Coal bringing corporate tax rates down to 15% if you make your product in the United States for corporations and small businesses I like hearing that in fact in our trumponomics course we talk specifically about how to strategize

around uh tax benefits uh the corporate tax rate uh and and a lot more there's there's so much information in the Trump anomic course on this but anyway uh he talks about the one-year deduction I'm also curious that why he calls it a one-year deduction it's the 179 accelerated depreciation schedule but that's okay that's maybe the simpler phrase to use for a public audience or whatever the one-ear deduction he says he wants to bring back and maybe even you know bring back more of he's basically talking about more rapid tax deductions for buying Capital assets

planes Machinery Investments for your business whatever uh but then he's also arising this as risking this by saying well we'll have to work with Democrats to approve it uh well that's mostly because if you want to get a Big Bill done you got to have votes unless you could use budget reconciliation to get your big tax plan done budget reconciliation might be able to squeeze by uh without that filibuster approve 60 votes so that's why he says we'll have to work on Dems with Dems to approve it it's also why he's cozying up to people

like John fedman who's already voted with uh Trump on uh on some of um the uh approvals for his cabinet he says we'll do a deduction for businesses and small businesses will bring corporate taxes down to 15% great we'll make demands of other countries like Canada will tarff you if you don't you know balance out more uh with with our trade policies we don't need your cars Lumber or gas he says we have enough in America all right few things here first he says we're going to terar a you to balance this out or you

could always become a state okay so he's sort of reiterating the idea of just become a state within America this is sort of the the American imperialism which is interesting fine but I I want to just add some clarity on how deficits work deficits matter because they mean money is flowing out of the country so when you have a trade deficit with another country it means more money is going to the other count so if we have a trade deficit with China more money is going to China that means we have to borrow more which

weakens our currency it also makes us less competitive and it also means we're less competitive because obviously money is going to that country instead of us which then potentially moves jobs out of the country and again weakens our currency it's just sort of a vicious cycle this is why Donald Trump who who likes a strong United States wants build an America because then you have the reverse jobs come here job Trade Surplus comes here uh demand comes here stronger dollar easier to borrow if necessary more economic stability blah blah blah blah he talks about how

China is catching up on nuclear and Putin is a fan of reducing nuclear and how he wants to reduce nuclear this this has been talked about for decades it's called nuclear non-proliferation right the non-expansion of your nuclear arsenals this is like frankly just old news uh but um you know he reiterates uh this here and I don't think it's a bad thing to reiterate in the meantime though China keeps building nukes because they want to catch up with the Arsenal that the United States and Russia have you know I think last count is China has

like hundreds of nukes and uh the United States and Russia have like five to 6 thousand so China's got some catching up to do which they are catching up on so anyway with all that said it's worth considering some of these changes here in evaluating what do these mean well uh oh that's a funny one I'm going to have to fix that well what it really means is you're in a situation where you're starting at the fourth day now of the Trump Administration to see a little bit of a roll back on the side of

Russia Ukraine also on oil you're seeing a little bit of a roll back here and then on taxes he's already starting to point at the Democrats going hey well we're going to need the Democrats so we're starting to get some asterisks on some pretty important things that people were looking for Trump to do and then on the other side we were expecting this we're getting that reiteration of we want rates down we want rates down we want rates down okay fine but if the economy keeps booming rates probably won't come down rapidly now rates will

come down really fast if we go into a recession but that would take an unemployment recession that's really a topic for a different video if you want more insight on that and what Piper Sandler thinks regarding bonds and jobs and recession make sure to watch the video that I posted this morning I think it's a pretty uh important video just type into YouTube uh I'll tell you what the title is really quickly uh but uh anyway just subscribe to the channel and then you'll get all of the videos uh YouTube may not show all of

them to you though so uh make sure you're subscribed hit that notification Bell Global recession unlocked and micro strategy quote unquote Ponzi check that one out and you'll see a little bit more detail on that all right folks thanks so much for watching we'll see you in the next one goodbye and good luck why not advertise these things that you told us here I feel like nobody else knows about this well we'll try a little advertising and see how it goes congratulations man you have done so much people love you people look up to you

Kevin P there financial analyst and YouTuber meet Kevin always great to get your take