00:00Consumer comments for May finally came up. We came up. We're like at a 52. And that was following and preceding five months of decline.
00:08So that was really telling that consumers are starting to see, all right, maybe this administration is using their leverage and their power to negotiate better trade partnerships and deals for America.
00:19And maybe that will ultimately work out for U.S. multinational corporations and the stock market.
00:25So I feel like even though volatility has been the name of the game since the beginning of this year with this new administration, they're really laying the groundwork for bettering the overall long-term longevity of our economic policies.
00:39And right now, folks, if you just think about it, we're in a net trade deficit. We consume more than we produce. And that's why we have to finance so much of it through debt on an annual basis.
00:48If we do not get control of that, then unfortunately, the sovereignty of the national dollar, the U.S. dollar, which is the global reserve currency, is threatened.
01:00So we do have to get a handle on the imbalance of our overconsumption with our less than production.
