oing to have to offer him something. So if you knew for sure that the worst thing that could happen is there might be several months of disruption, but when the dust settles the U.S. is going to have substantially better, maybe not as good as we wanted, but substantially better trade agreements, that should make your stock market go up.

What is wrong with the risk-management people who are driving the stocks down? Do they really believe that is chaos? Do they really believe that because Trump seems to be unpredictable and he's changing things based on the situation on the ground, so there's a lot of rolling with it going on, do they really think that the outcome of that has really much of any chance of being negative in the long run? These are professional risk-management people, and they think that this won't work out in the long run? This is as close to a guarantee as you can ever get in economics. Right, there's no guarantees, but it's as close as you can get.

I don't think, you know, if there were a betting market and I could say, okay, make me a bet: in the third year of the Trump term, will our tariff situation be better or worse than it is now? It's close to guaranteed to be better. Now, whether that takes a year or a month, it's just guaranteed. I mean, I don't know how it could go any other direction, really. So I'm not sure that we have the smartest people driving the stock market.

All right, then there's a story Blaze Media is covering that apparently I didn't even know this, but America and Mexico have had some kind of long-running water deal. And part of the deal is Mexico gives us water, and part of the deal is we give Mexico water. Now I'm assuming that they give us water from places they don't need it so much and we need it more, and we give them water from places we've got a little extra and we didn't need it where that water is. So otherwise it wouldn't make sense. We would keep our water, they would keep their water. So there must be some situation where it just makes sense that we use their water and they use ours.

But apparently they have not been meeting their deal under this 1944 water-sharing treaty. And so Trump, with I think the backing of Ted Cruz, who's been pushing for this, just said, all right, so we're going to cut off your water to Tijuana. Yeah, you either have to fix it on your end or goodbye water. So it looks like the U.S. will deny Mexico's water. Now, I don't know if that means no water. I doubt it, but maybe not as much as they wanted. This seems exactly right. So I love it that my country is saying, wait a minute, you have to do your end of this, and water is not free. So if we don't get your water, you don't get our water. Looks right on point to me.

Here's another good news. By the way, remember today's theme is I'm trying to drive down your anxiety. In my opinion, this is my actual opinion, things are going really well. Like really well. It just maybe isn't really obvious from the lens of everything's on fire and the headlines and we're all fighting about everything. But things in general, the biggest things, are going really well.

Here's another one. So of course one of our biggest problems in the United States is access to rare earth minerals. Well, according to the Financial Times, Trump is invoking wartime powers to increase U.S. mineral production. So you probably knew this existed. I think we talked about it during the pandemic. There's a thing called the Defense Production Act, and if the country is in trouble and you need to quickly ramp up production, typically we're thinking of a war situation, you can invoke this wartime powers thing and then you can cut a lot of corners. So you can get around a lot of regulations.

Here are the things that will be immediately changed by this act. So it's going to speed up the review of projects. So if you had a mining project that you wanted to do in the U.S. to get some rare minerals here, or even somewhere else I suppose, then you're going to get a much faster review, which could be the number one thing that makes something uneconomical, that it might take you years to get it approved. So if it goes from years to get it approved to I think we can get this done in a couple weeks, that should vastly improve our odds of creating our own rare eart