the near future, starting today. And I didn't catch anything that was anti-Russian but I did fall asleep during part of it. Was there any anti-Russian stuff in the speech? Because I don't think there was, which would be sort of a change from normal presidents lately, certainly would be a change from Biden.

But there was a whole bunch of, again I don't want to say anti-China but let's say taking China seriously as the other big power in the world. And so he had tariffs on China and of course China is going to respond to the tariffs. He talked about building a missile defense. You could argue that that includes anybody who might send a missile but who are we really worried about? We shouldn't be worried about anybody attacking the homeland but I wouldn't mind having a missile defense just in case.

He talked about the Panama ports and wresting control from China. They got a little too much control there. He talked about putting a tax on Chinese ships who come into port in America. He talked about taxes on Chinese cranes, I guess the cranes that load and unload the containers. And he talked about putting America heavily back into the shipbuilding business, both commercial and military.

Now here's another one of those things where I wonder if this is one of those cases where somebody smart said something and it bubbled all the way up to the presidency and turned into policy. Because that only happens with Trump. Trump has the best network of geniuses at this point, people who are just really really smart who say really really smart stuff. And the smart stuff bubbles all the way up to the top and then it makes a difference.

Because it was only a week or two I saw a post by I think it was Basen who would be one of the smartest people in the country frankly. And he was talking about the difference in shipbuilding capability of China versus basically everybody else in the world. So China has built this massive shipbuilding capability and it's both for commercial vessels and military vessels now. And that America had sort of deprecated its own ability. So I think we have very little ability to build ships at the moment relative to China.

So if we want to have any influence over the oceans, and that's a big part of the globe is the ocean, and if you want to be selling and buying stuff all over the world you're going to need a lot of military ability in the ocean. So Trump has made that a priority to become a major shipbuilder. And I kind of wonder if that came from one post on X because it was such a stark and shocking set of data that I'd never heard before. I had no idea that we were basically not good at building ships anymore and that China had become really good at it. Which is scary. That's a real scary thing.

So it's possible that that was just one of those things again. Or it might be that a lot of people were aware of it and turned it into a thing.

All right, so I'm kind of excited about that because to the extent that we can do anything with tax breaks or whatever it is to make shipbuilding big I think that's exactly the right instinct. And it doesn't have to be all military because yeah we're going to be living on the sea and doing a lot in the sea for a long time.

I saw a summary of Trump's speech by David Sachs. I'll just read it because it's a good summary. So Sachs said this was the theme of the night. Democrats sat sullen-faced as President Trump described one sensible policy after another. Democrats took the 20% side of every 80-20 issue. Trump even explained the trap that Democrats were about to fall into and they still fell into it. Yeah, as I said earlier.

Anyway, oh here's the Nicole Wallace thing. So Nicole Wallace after the speech said she had lots of good feelings about the kid DJ, the one who got the Secret Service badge there. And you know she had the normal good feelings about it. It's good. But then she goes about DJ, quote, "I hope he has a long life as a law enforcement officer but I hope he never has to defend the United States Capitol against Donald Trump's supporters." And then she says this is wild and if he does I hope he isn't one of the six who loses his life to suicide. It's like is there any way they could lose harder than that? They just had to dig really deep to find some problem with that.

And then the response came from Michigan Senator Elissa Slotkin. And I didn't know she was a former CIA agent. So anyway she was complaining about the DOGE employees having access to tax returns and health information and your bank account. But the thing that people get wrong about human motivation, the Democrats get this wrong about human motivation, is when you talk about the richest man in the world, what would be the worst thing you could do business-wise from a risk management perspective? What would be the worst thing that the richest man in the world could do? The worst thing