About this Video

• Video Title: We Have Been Lied To About What's Going On With The Stock Market
• Channel: Charlie Kirk
• Speakers: Charlie Kirk
• Duration: 00:15:42

Introduction

This video discusses the impact of free trade policies, particularly focusing on the decisions made in the 1990s regarding China's entry into the World Trade Organization and the NAFTA agreement. Kirk argues that these policies, while boosting the stock market for a segment of the population, negatively affected American manufacturing and the working class. He presents President Trump's tariffs as an attempt to correct these past mistakes.

Key Takeaways

• The 1990s saw three critical mistakes: China's entry into the WTO, NAFTA, and deregulation of banks, which contributed to the 2008 financial crisis.
• Free trade benefited the wealthy 10%: Those in information and consumer-based industries prospered, while manufacturing jobs moved overseas.
• Unions' actions contributed to job losses: Kirk argues that union demands in the 1970s and 1980s made American companies less competitive, leading to outsourcing.
• Trump's tariffs are a gamble: While risky, they aim to correct past trade imbalances and benefit the working class, even if it negatively impacts the stock market and the wealthy.
• There are differing perspectives on the tariffs: The wealthy are concerned about market downturns, while the working class views them positively.

According to Charlie Kirk's analysis, the potential benefits of President Trump's tariffs are to correct past trade imbalances and to benefit the working class by bringing manufacturing jobs back to America. The potential risks include a negative impact on the stock market and a possible downturn for the wealthy. He frames it as an economic gamble, acknowledging the inherent risks but believing the greater risk would be inaction.