Latest / Financial Survival Network / Gold & Copper Boom, Government Debt Crisis, and Corruption Exposed - John Rubino #6262

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Gold & Copper Boom, Government Debt Crisis, and Corruption Exposed - John Rubino #6262 · Financial Survival Network

0:00
Speaker 1: What do we do with the debt as part of this,
0:02
Speaker 1: because we have to be able to pay it out somehow, someway.
0:04
Speaker 1: But we lower the value of the debt by raising
0:08
Speaker 1: the price of gold. Yeah, and then you enrage the
0:12
Speaker 1: people who get screwed because they own the debt. And see,
0:16
Speaker 1: that's the battle of going to the gold standard is
0:18
Speaker 1: that you have to screw over the people who trusted
0:23
Speaker 1: the government, and then you have to survive their anger.
0:27
Speaker 2: You are listening to Carrie Letz's Financial Survival Network, where
0:30
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Speaker 2: Survival Network now more than ever.
0:54
Speaker 3: And welcome you are listening to and watching the Financial
0:58
Speaker 3: Survival Network. I'm your host, Carrie Lutz. John Rabino is
1:02
Speaker 3: back with us, and boy have we got a lot
1:05
Speaker 3: of stuff to talk about here, John, I mean so
1:09
Speaker 3: much for intros here. First, we kind of got brought
1:13
Speaker 3: together by gold and gold is over three thousand bucks.
1:18
Speaker 3: I'm sure they're going to knock it down below maybe
1:20
Speaker 3: they'll get it down to twenty eight hundred. But as
1:24
Speaker 3: you noted, gold and copper had both hit all time
1:27
Speaker 3: highs this month.
1:30
Speaker 1: Yeah, hey, Carrie, in the past month, gold and copper
1:34
Speaker 1: both went and you know, you can put a chart
1:36
Speaker 1: out going to the from the like nineteen eighties, nineteen
1:40
Speaker 1: seventies to today, and it is a phenomenally good looking
1:44
Speaker 1: bull market, even though it didn't always feel like that
1:46
Speaker 1: for us, right there were these long stretches where where
1:50
Speaker 1: that was one of the most golden for instance, was
1:52
Speaker 1: one of the most boring things to be in and
1:54
Speaker 1: what it is deplantment. But you know, you look at
1:56
Speaker 1: that long term chart and this was a rock and
1:59
Speaker 1: bull market for all of this century for sure. You know,
2:02
Speaker 1: since two thousand, gold has outperformed the S and P
2:06
Speaker 1: five hundred, which you how many people would guess that
2:10
Speaker 1: after this epic equities bull market that we've seen so far,
2:15
Speaker 1: and then copper is starting to come around. People are
2:17
Speaker 1: finally figuring out the copper is not this boring, old
2:21
Speaker 1: old tech thing. It's an energy metal, you know, it's
2:23
Speaker 1: an energy transition commodity that we have to have if
2:28
Speaker 1: AI is actually going to be a big force in
2:31
Speaker 1: the world going forward, because ais require massive ANNs of electricity.
2:35
Speaker 1: Can't get that without copper. So anyhow, the mining stocks
2:41
Speaker 1: are finally starting to respond to this long, kind of
2:46
Speaker 1: secretive gold bull market and the kind of sudden one
2:49
Speaker 1: with copper. And it turns out that the best profile
2:54
Speaker 1: for mining stock is copper slash gold. Right. You know,
2:57
Speaker 1: if you have those two things now, you're getting very
3:01
Speaker 1: wide profit margins because every ounce or pound or whatever
3:06
Speaker 1: of whatever you're selling is becoming more valuable. You're getting
3:09
Speaker 1: more cash, and your costs aren't really going up recently
3:13
Speaker 1: because oil has gone down in the last year, went
3:16
Speaker 1: from eighty some dollars a barrel to sixty some dollars
3:19
Speaker 1: a barrel recently, and that means mining, which is an
3:23
Speaker 1: energy intensive business, didn't get more expensive in the past year,
3:28
Speaker 1: or at least not way more expensive. So you're seeing
3:30
Speaker 1: these wide profit margins and first quarter earnings this year
3:35
Speaker 1: are going to be excellent because gold went up again
3:38
Speaker 1: in the first quarter, and that means that a lot
3:41
Speaker 1: of the good quality gold and silver and copper miners
3:46
Speaker 1: are going to put up excellent numbers, and maybe the
3:48
Speaker 1: kind of numbers that show up on the radar screens
3:52
Speaker 1: of momentum investors. So you get momentum investing money coming
3:57
Speaker 1: into what has been a kind of a special list
4:01
Speaker 1: value oriented investing community that's very small, very thinly traded.
4:08
Speaker 1: You know, you could see a lot of action going
4:10
Speaker 1: forward because of that. And I'm doing a subsect post
4:13
Speaker 1: on one of the stocks that really benefits from this.
4:17
Speaker 1: And to give an example here, Sandstorm Goal is a
4:21
Speaker 1: royalty company that a few years ago made a big
4:24
Speaker 1: acquisition to guarantee its growth for the next decade. But
4:28
Speaker 1: it took on a massive amount of debt in the process,
4:31
Speaker 1: and that debt has been weighing them down. You know,
4:34
Speaker 1: they've been whittling it at it, but they haven't gotten
4:36
Speaker 1: it paid off yet. But now people are looking at
4:39
Speaker 1: that stock and going wow. You know, with their margins
4:42
Speaker 1: widening out, you know, they make like twenty five hundred
4:45
Speaker 1: dollars per ounce of gold that they sell, they're going
4:48
Speaker 1: to be able to really take a bite out of
4:50
Speaker 1: that debt, which means their interest costs are going to
4:52
Speaker 1: go down, which means their cash flow is going to
4:54
Speaker 1: go up because of interest costs and because they're selling
4:58
Speaker 1: more gold. And it turns out a lot of copper too,
5:01
Speaker 1: So suddenly this is the profile of the stock that
5:06
Speaker 1: you really want to own after you know, three or
5:08
Speaker 1: four years of just languishing. I think there's a lot
5:11
Speaker 1: of that going on in the precious metal sector right now,
5:13
Speaker 1: where you know, boring companies that just didn't look that interesting,
5:18
Speaker 1: we're putting up that grade of numbers or anything. Suddenly,
5:22
Speaker 1: you know, in the fourth quarter of twenty twenty four,
5:24
Speaker 1: now the first quarter of twenty twenty five look like
5:27
Speaker 1: growth stocks. So I think this is if we avoid
5:31
Speaker 1: that correction that you mentioned as a real possibility. You know,
5:34
Speaker 1: if gold doesn't drop back down to twenty five hundred
5:36
Speaker 1: dollars an ounce, we're copper down to four fifty pounds.
5:40
Speaker 1: I think a lot of these stocks are going to
5:43
Speaker 1: be treated like growth stocks by the investment community, and
5:47
Speaker 1: they're going to have a really nice run.
5:50
Speaker 3: And you know, at the same time, the majors we
5:55
Speaker 3: got depleting reserves, dwindling reserves, and eminem has to heat
6:01
Speaker 3: up because otherwise, at some point five years down the road,
6:06
Speaker 3: their production's going to fall off a cliff and that
6:10
Speaker 3: will cause you know, a lot of turmoil in these companies.
6:14
Speaker 3: So they got to start buying again soon. You know,
6:18
Speaker 3: it's funny that you mentioned the S and P. I
6:21
Speaker 3: actually had chat GPT. I said, come up with a chart.
6:25
Speaker 3: Show me the relative rates of return since nineteen ninety nine,
6:30
Speaker 3: which was when I started buying gold. All right, it
6:35
Speaker 3: had it down at like two ninety I think I
6:39
Speaker 3: bought it to eighty. And show me silver and S
6:45
Speaker 3: and P five hundred and then tech stocks, you know
6:50
Speaker 3: the top five. Now, gold was somewhere around nine and change.
6:57
Speaker 3: Percent was seven and a half percent. The S and P,
7:04
Speaker 3: believe it or not, was only five percent. I think
7:07
Speaker 3: that that was a little bit more. That means even
7:10
Speaker 3: with dividends, the and P did not out left warm gold.
7:14
Speaker 3: I didn't calculate on but I did do total returns
7:17
Speaker 3: to that included dividends, and the tech stocks were like
7:23
Speaker 3: for that twenty five year period were at seventeen and change.
7:28
Speaker 3: But then I did it for the past five years.
7:31
Speaker 3: So obviously gold was up to like eleven percent or something,
7:34
Speaker 3: and silver was up the tech stops were yielding thirty
7:38
Speaker 3: plus percent. I didn't even bother doing it with bitcoin
7:42
Speaker 3: because yeah, I was gonna say point, you know, it
7:46
Speaker 3: just goes but exactly what you're saying is exactly it. Now.
7:53
Speaker 3: You know, obviously there was a lot of periods there
7:56
Speaker 3: where gold was underperforming or not performing and the stock
8:01
Speaker 3: market was over performing. But it just amazed me when
8:04
Speaker 3: I ran that chort how it normalized John over that
8:10
Speaker 3: twenty five year period.
8:13
Speaker 1: M hm. Yeah. And you know that chart that you
8:17
Speaker 1: ran is basically a portrait of an over liquefied economy.
8:23
Speaker 1: They were they were dumping so much new money into
8:25
Speaker 1: the banking system and the rest of the economy that
8:28
Speaker 1: basically everything caught a bid and everything went up. You know,
8:33
Speaker 1: so they went up by varying amounts, but still that
8:37
Speaker 1: those multi trillions of dollars of new credit that the
8:42
Speaker 1: US government was creating and that the Japanese and Chinese
8:48
Speaker 1: and European governments were all creating, that flowed into financial
8:53
Speaker 1: assets and to a lesser extent, real asset. I mean,
8:55
Speaker 1: you know, real estate went through the group too. If
8:57
Speaker 1: you put house prices that it would have been right
9:01
Speaker 1: there with tech stocks just.
9:02
Speaker 3: About I'll go at the house and I will run
9:04
Speaker 3: that short, y'all post it in the show notes.
9:07
Speaker 1: Yeah. Good. And so what that means though, is that
9:13
Speaker 1: going forward some of these overvalued assets have to crash.
9:18
Speaker 1: And historically, when tech stocks have a decade of thirty
9:22
Speaker 1: percent plus annual games, they go they join the ninety
9:26
Speaker 1: percent club, you know, they just fall off the table.
9:28
Speaker 3: Xerox ibm oh yeah.
9:31
Speaker 1: I mean Amazon went down by ninety percent in between
9:36
Speaker 1: two thousand and two thousand and two. So even the
9:39
Speaker 1: really high quality tech stocks get so wildly overvalued. When
9:43
Speaker 1: we you know, when a new technology catches our eye
9:48
Speaker 1: and we decide that it's going to change the world
9:50
Speaker 1: and it's going to go up forever, and we can
9:52
Speaker 1: pay anything for the related stocks, you know, the stocks
9:55
Speaker 1: get so overvalued that they can drop by fifty percent
9:58
Speaker 1: and just be fairly valued again. But they never stop
10:01
Speaker 1: at fifty percent. They have to keep on going down
10:05
Speaker 1: to the depths of despair. And I think there's a
10:08
Speaker 1: decent chance that that's the NASDAC over the next few years,
10:11
Speaker 1: you know, but doubt you know, with what governments are doing, though,
10:16
Speaker 1: it's very hard to predict because this is not completely
10:21
Speaker 1: this is not very similar to these older market bubbles
10:24
Speaker 1: and bursting bubbles and bus because we've already taken on
10:29
Speaker 1: this insane amount of debt. So Normally, historically you had
10:33
Speaker 1: to work that debt off via a huge crisis, but
10:38
Speaker 1: this time around, nobody's playing that game. China just increased
10:42
Speaker 1: their money supply parabolically. It just went straight up, So
10:47
Speaker 1: they're they've got a real estate bust that they're trying
10:50
Speaker 1: to liquify their way out of Europe was already well,
10:57
Speaker 1: at least France was just refusing to obey the European
11:01
Speaker 1: Union deficit rules. They were borrowing way more money than
11:05
Speaker 1: they were allowed to. And now that the US has
11:08
Speaker 1: apparently abandoned NATO, you got Germany and France and a
11:13
Speaker 1: lot of the rest of Europe embarking on this massive
11:16
Speaker 1: military build up. And they're going to exempt military spending
11:21
Speaker 1: from the deficit caps. So they're still going to keep
11:24
Speaker 1: to their deficit caps, except they're going to spend way
11:26
Speaker 1: more money over here off but off balance sheet, And
11:30
Speaker 1: so we've got this massive wave of governmental liquidity. Oh
11:34
Speaker 1: and of course the US we're running two trillion dollar
11:37
Speaker 1: deficits and the first five months of this fiscal year
11:41
Speaker 1: was a record high deficit for the US. No crisis,
11:45
Speaker 1: no war or anything, we just were running record high deficits.
11:48
Speaker 1: So what does that do to financial assets. That's an
11:51
Speaker 1: amazing amount of liquidity. You would think it would be
11:54
Speaker 1: very inflationary and it would crush the currencies, but it
12:00
Speaker 1: might elevate a lot of really speculative kinds of momentum stocks.
12:06
Speaker 1: So we'll see.
12:07
Speaker 3: You know, this is.
12:09
Speaker 1: A really hard call based on history, because you've got
12:12
Speaker 1: things pointing in different directions. And I don't really have
12:15
Speaker 1: an answer for that, except that I think gold and
12:17
Speaker 1: silver are going to do real well. They should be
12:19
Speaker 1: one of the beneficiary. It's precious metals going forward.
12:23
Speaker 3: Trump is a good for metals, that's for sure.
12:26
Speaker 1: Yeah, And so the question is, I mean, this is
12:29
Speaker 1: too early for us to start talking about this, but
12:31
Speaker 1: you and I are going to have a recurring topic
12:34
Speaker 1: at some point, which is when should you start taking
12:37
Speaker 1: profits in precious metals related assets. And so I'll just
12:41
Speaker 1: tell you my strategy right now is that, like you said,
12:45
Speaker 1: the big guys have to buy out the little guys
12:47
Speaker 1: to top up their reserves. So own a portfolio, which
12:51
Speaker 1: is a big cross section of the mining industry, and
12:55
Speaker 1: when a big guy buys your smaller player, take that
13:00
Speaker 1: out in cash, you know, just cash out of that.
13:02
Speaker 1: Don't wait for the big guy's stock to hit your account.
13:05
Speaker 1: Just cash out and let the market tell you how
13:09
Speaker 1: to build up cash. The acquisition binge and so you
13:14
Speaker 1: don't really if you make that your rule, you don't
13:16
Speaker 1: really have to think about whether this little explorer should
13:21
Speaker 1: be worth one billion or three point five billion or what,
13:24
Speaker 1: you know, whatever you could which you can't. You can't
13:27
Speaker 1: calculate that. You can't really figure out what those things
13:30
Speaker 1: are worth. But if Numont thinks it's worth two billion
13:35
Speaker 1: and they're going to, you know, give you Numont stock
13:39
Speaker 1: that reflects that, then you just sell the stock on
13:43
Speaker 1: the day of the announcement. So anyhow, little strategy.
13:47
Speaker 3: And historically they haven't been too good in these investments.
13:51
Speaker 3: The majors, you know, some of them worked out really well.
13:55
Speaker 3: But but if they bought a lot of garbage the left.
14:00
Speaker 1: Yeah, because you know, during precious metals were markets, they
14:03
Speaker 1: have massive cash flow. And what CEO can just sit
14:07
Speaker 1: on a huge and rising cash flow stream, you know,
14:12
Speaker 1: it burns a hole in their pocket. They start building
14:13
Speaker 1: empires and they pay for acquisitions. So let the big
14:18
Speaker 1: guys overpaying be your signal to start raising cash. And
14:24
Speaker 1: there have been very few acquisitions in my portfolio so far.
14:29
Speaker 1: Silvercrest Metals got bought out just lately. But that's it,
14:34
Speaker 1: I think, you know. So I'm looking forward to writing
14:37
Speaker 1: some substack posts with titles like our third Acquisition, our
14:41
Speaker 1: fourth acquisition. You know when when they start getting bought out.
14:46
Speaker 3: It's amazing, amazing. So what about doge Can you believe
14:53
Speaker 3: the amount of fraud that is present? I mean, we
14:56
Speaker 3: knew it was there, we just didn't know perhaps how
15:00
Speaker 3: extreme a grift it was. And all these senators, wives
15:04
Speaker 3: or head of NGOs which are getting billions from the
15:08
Speaker 3: government and all the you know, all the social agendas
15:14
Speaker 3: that this money was going into DEI and you know,
15:19
Speaker 3: is insane.
15:21
Speaker 1: Well, it turns out here's how it works. Well, start
15:25
Speaker 1: with the basic premise, which is that the federal government
15:29
Speaker 1: is a big money laundering operation. That's basically the thing
15:33
Speaker 1: that they figured out how to do. So they created
15:34
Speaker 1: this constellation of entities that are related to the government
15:38
Speaker 1: in some way. You know, Let's say you graduate from
15:41
Speaker 1: Georgetown and you can go be a congressional aid for
15:45
Speaker 1: a while. Then you hop over to a consultant that
15:49
Speaker 1: works for government or to a lobbyist, and then you
15:53
Speaker 1: go to a think tank for a while, and then
15:55
Speaker 1: you go to an NGO like the ones that are
15:57
Speaker 1: funded by USAID, and you spend some time overthrowing foreign
16:01
Speaker 1: governments in other countries. And at each stop you get
16:07
Speaker 1: a nice salary, you get an impressive title. You do
16:12
Speaker 1: zero work that benefits society in any way. So it's
16:15
Speaker 1: basically a series of syndicures. And at the end of
16:19
Speaker 1: your career, you know, forty years later, you retire and
16:23
Speaker 1: everybody's impressed with all the titles you had. You made
16:25
Speaker 1: a ton of money, so you're rich, but you accomplish
16:29
Speaker 1: nothing for society.
16:30
Speaker 3: Yeah, zero and yeah, and that actually is worse than nothing.
16:34
Speaker 1: Oh wait and yeah. And along the way, you kick
16:39
Speaker 1: back a lot of this money by contributing to political
16:43
Speaker 1: campaigns of the senators and congressman who funded you in
16:46
Speaker 1: the first place. So it's a kind of a closed
16:49
Speaker 1: loop where we create the money out of thin air,
16:52
Speaker 1: and then we redistribute it via this money laundering operation.
16:55
Speaker 1: And that is what DOGE is showing us. You know,
16:58
Speaker 1: all these things that Stacy Abraham's thing. Did you see that?
17:01
Speaker 3: Oh my god, If she's worth two billion, then you
17:05
Speaker 3: and I are worth a trillion.
17:07
Speaker 1: You know that that lady has never done anything. She
17:12
Speaker 1: she ran in a couple of elections and lost, and
17:15
Speaker 1: she's written a couple of you know, kind of bodice
17:17
Speaker 1: ripper romance novels and that's it. But they gave her
17:23
Speaker 1: two billion dollars, just created out of thin air, because
17:28
Speaker 1: why not. You know, it's all funny money anyhow, it's
17:30
Speaker 1: all play money. And now she got caught, so they
17:33
Speaker 1: took that money away.
17:35
Speaker 3: Yeah, they Claudewack twenty billion from the What does she
17:40
Speaker 3: know about the environment?
17:41
Speaker 1: You know, well, I mean the EPA. Yeah, that twenty
17:45
Speaker 1: billion from the EPA. They just handed it out to
17:47
Speaker 1: entities that didn't even exist before they started handing it out.
17:50
Speaker 1: They just made up a website and then gave that
17:54
Speaker 1: website billions of dollars with the promise that that website
17:59
Speaker 1: would spend that money on environmental related things in the
18:03
Speaker 1: future at some point. But see, with these NGOs, it's
18:07
Speaker 1: really important to understand how these things work because it
18:11
Speaker 1: sounds like, you know, you look up their website or
18:14
Speaker 1: some other explanation of what they do, and it looks
18:16
Speaker 1: like they're above board charities. What they do is they
18:21
Speaker 1: take in a bunch of money. They pay the salaries
18:24
Speaker 1: of people who work for it, and then they pay
18:26
Speaker 1: out maybe ten percent of what they took in to
18:30
Speaker 1: the actual beneficiaries, you know, to the people who are
18:33
Speaker 1: being helped in theory. So it's basically just the jobs
18:36
Speaker 1: program for people from the political class and the expert class.
18:41
Speaker 1: So it's someplace where they can sit while their party
18:44
Speaker 1: is out of power, so they don't broke, they can
18:48
Speaker 1: still eat while the while the Democrats are out of power.
18:52
Speaker 1: The republic and you know this is bi bartisan. The
18:55
Speaker 1: Republicans a bunch of this stuff too, which is which
18:57
Speaker 1: is why Doge is. You know, it was a dangerous
19:01
Speaker 1: thing for Elon Musk to do because there are Republicans
19:04
Speaker 1: as well as Democrats who would love to see him
19:07
Speaker 1: get a bullet in the head right now, you know,
19:09
Speaker 1: because he's threatening everybody's grift. Well, it's a bigger Democrat
19:13
Speaker 1: thing than a Republican thing. So if Doge just shuts
19:16
Speaker 1: down the whole pipeline, you know says okay from now on,
19:19
Speaker 1: governments send zero money to NGOs. If they did that,
19:26
Speaker 1: that would hurt more Democrats than Republicans. So there is
19:30
Speaker 1: a political angle to it.
19:32
Speaker 3: It's like us AID used to be an equal opportunity grift.
19:37
Speaker 3: They were equally stealing from it, but not in these numbers.
19:41
Speaker 3: You know, the grift was always there, but now it's metastasized,
19:46
Speaker 3: you know, the vampire squid where they're just stealing so
19:49
Speaker 3: much that the whole thing's collapsing. So it's going to
19:54
Speaker 3: be interesting to see. Because Musk is convinced he can
19:57
Speaker 3: cut a trillion dollars off, I sur I'd be surprised
20:01
Speaker 3: if he didn't do more than that. But what about
20:03
Speaker 3: the courts, like the whole agenda, the whole Trump agenda.
20:07
Speaker 3: These renegade judges are just trying to derail. It's going
20:12
Speaker 3: to have to go to the Supreme Court. Who knows
20:16
Speaker 3: about those people, certain members of the court, But you know,
20:22
Speaker 3: eventually Trump is going to have to say no, mas,
20:26
Speaker 3: I'm not going to listen to you guys, and then
20:29
Speaker 3: we are going to have the constitutional crisis.
20:32
Speaker 1: Yeah. Trump can't say no to the Supreme Court, especially
20:37
Speaker 1: a conservative Supreme Court. So well, what he's doing now,
20:40
Speaker 1: he's trying everything you can think of and letting it
20:43
Speaker 1: go to lower courts with the idea of you get
20:46
Speaker 1: it up to the Supreme Court, and they'll let us
20:47
Speaker 1: do some of this stuff, you know, because I don't
20:49
Speaker 1: think they know ahead of time what they're going to
20:52
Speaker 1: be doing a year from now, but they they are.
20:55
Speaker 1: They're just throwing everything out, letting the courts decide which
21:01
Speaker 1: kinds of corruption they go after and the mechanism for
21:04
Speaker 1: going out, because you know, if you want to send
21:08
Speaker 1: illegal immigrants back, there is a process. It's just slow
21:12
Speaker 1: and expensive. And Trump wants to be able just to
21:14
Speaker 1: round up anybody who looks like they might be dodgy,
21:17
Speaker 1: put them on a plane, and send them to a Salvador,
21:22
Speaker 1: to an l Salvador in prison. Now that, yes, see,
21:27
Speaker 1: he probably can't get away with that because there will
21:31
Speaker 1: be there will have to be some kind of a process.
21:34
Speaker 1: But he wants to figure out how much of this
21:36
Speaker 1: he can get away with and how much of a
21:39
Speaker 1: process he has to put up with when the time comes.
21:44
Speaker 1: So that's what I think is going to happen is
21:46
Speaker 1: a lot of these court cases are going to go
21:48
Speaker 1: to the Supreme Court. The Supreme Court is going to
21:50
Speaker 1: kind of pick and choose the ones that they're going
21:52
Speaker 1: to let Trump do, and then Trump and Doge will
21:56
Speaker 1: just do those things, you know, and then and they'll
21:59
Speaker 1: use the things there not allowed to do as campaign
22:03
Speaker 1: arguments in the midterm elections. You know, they'll say, man, I,
22:07
Speaker 1: you know, we got a lot done, but we could
22:08
Speaker 1: get so much more done if you just help us
22:11
Speaker 1: replace all these bad judges with good judges. You know,
22:14
Speaker 1: that could be another thing they run on in the
22:17
Speaker 1: congressional elections in the midterms.
22:19
Speaker 3: So it's going to be interesting, I think, to the.
22:22
Speaker 1: Extent that there's a plan, that's what the plan is,
22:25
Speaker 1: it's definitely going to be interesting to see how this goes.
22:29
Speaker 3: I mean, the process for deporting aliens is so unwieldy,
22:36
Speaker 3: you know, this due process thing which they there is
22:40
Speaker 3: no reading of the or proper interpretation the Constitution that
22:46
Speaker 3: says these illegal aliens, especially criminal ones, have the right
22:50
Speaker 3: to stay here.
22:51
Speaker 1: It's just not that's actually question. It'll be interesting to
22:55
Speaker 1: see this question be answered, which is does somebody who's
22:59
Speaker 1: here illegals have the protection of the Bill of Rights, Like,
23:03
Speaker 1: do they actually have rights here or can they just
23:06
Speaker 1: be picked up off the street flown to some other country.
23:10
Speaker 1: And some of the courts right now sounds like they're
23:13
Speaker 1: saying yes, they have a rate to some kind of
23:16
Speaker 1: due process, and then that's going to go to the
23:19
Speaker 1: Supreme Court. And the Supreme Court is six to three
23:26
Speaker 1: conservative in theory, but John Roberts is not necessarily conservative
23:33
Speaker 1: in practice, and that brings it to five to four.
23:37
Speaker 1: And then what's the woman with the high voice, the
23:41
Speaker 1: conservative Barret a Cony Barrett. Yeah, she's she can be
23:50
Speaker 1: kind of a swing vote too. So none of this
23:52
Speaker 1: is guaranteed. But you know, when you start with a
23:55
Speaker 1: six to three quasi conservative majority, some stuff ought to
24:00
Speaker 1: be possible. You know, Trump should get a win on
24:02
Speaker 1: some of these things.
24:04
Speaker 3: The public though, let's not underplay the public's sentiment here.
24:11
Speaker 3: According to some of these surveys, seventy eighty percent are
24:14
Speaker 3: in favor of tossing these you know, reprobates that have
24:21
Speaker 3: come in from all over the world to rape steel
24:26
Speaker 3: and pillage. You know, seventy eighty percent. It's the Supreme
24:31
Speaker 3: Court is going to have a really hard time ignoring
24:34
Speaker 3: the public's will here.
24:36
Speaker 1: Well, see, you don't want the Supreme Court to be
24:39
Speaker 1: watching polls though, right. You want them to make as
24:43
Speaker 1: objective as possible a judgment based on the Constitution, because
24:48
Speaker 1: once they start doing what's popular and then it goes
24:51
Speaker 1: really badly for conservatives and a lot of issues too.
24:54
Speaker 3: You know, but we'll see, FDR. You know. Yeah, well,
25:00
Speaker 3: I mean this resisted and eventually they gave in.
25:04
Speaker 1: So yeah, well, I mean after we are tried to
25:07
Speaker 1: stack the court too, which he failed at. You know,
25:09
Speaker 1: he tried to add a whole bunch of new justices,
25:12
Speaker 1: which is that's liable to be a platform planning for
25:16
Speaker 1: the Democrats in the next election. I mean, if the
25:19
Speaker 1: Supreme Court rules for Trump on a lot of these issues,
25:23
Speaker 1: then the Democrats will run on a program of stacking
25:26
Speaker 1: the court too. You know, we're going to have three
25:28
Speaker 1: more justices next time where we have a president. People
25:33
Speaker 1: will like that. I mean, that's popular with thirty percent
25:35
Speaker 1: of the population, so sure, we'll see. I mean, things
25:39
Speaker 1: like that will be argued. It's a horrible idea. I mean,
25:42
Speaker 1: if everybody who takes power, every party just kind of
25:46
Speaker 1: redesigns the Supreme Court to reflect their values, and then
25:50
Speaker 1: the next party does the same thing that that's a nightmare.
25:53
Speaker 1: So we'll see.
25:54
Speaker 3: Man, you have one hundred judges, have one hundred judges
25:57
Speaker 3: on the Supreme Court. They won't be able to agree
25:59
Speaker 3: on any to.
26:01
Speaker 1: Be like like elected office.
26:03
Speaker 3: Yeah, nine is optimal because other lower courts have a
26:07
Speaker 3: lot more judges, lower appellate courts and especially the circuit courts,
26:13
Speaker 3: and it gets very difficult for them to achieve a
26:16
Speaker 3: consensus about anything. So this is going to be really
26:21
Speaker 3: fascinating to watch. They're going to have to give in,
26:25
Speaker 3: i believe, to most of Trump's program here. Certainly they
26:30
Speaker 3: can't justify. You know, we have this Impoundment Act where
26:34
Speaker 3: Congress basically took the purse strings away from the president
26:39
Speaker 3: back when Nixon was in the process of being impeached.
26:43
Speaker 3: They're going to have to walk that back because you
26:46
Speaker 3: can't say, like if Congress says we're going to build
26:50
Speaker 3: a giant pit in the middle of the you know, Colorado,
26:56
Speaker 3: and then we're going to take as much cash as
26:58
Speaker 3: we possibly can, throw it in that pit and light
27:02
Speaker 3: it on fire, you know, at some point the court
27:06
Speaker 3: cannot allow this.
27:08
Speaker 1: Yeah, I mean, this is going to be a really
27:10
Speaker 1: interesting constitutional year where we get to hear some really
27:14
Speaker 1: high level arguments. I'm looking forward to it because that
27:16
Speaker 1: stuff is fascinating. You know, does the Constitution allow you
27:19
Speaker 1: to do this and what is the language and how
27:22
Speaker 1: do you interpret the language? And what did what did
27:25
Speaker 1: previous courts say about this? I think that's interesting and
27:30
Speaker 1: it's going to be fun this time. But but yeah,
27:33
Speaker 1: the whole Okay, the President is in charge of the
27:38
Speaker 1: executive branch, but Congress is in charge of what the
27:44
Speaker 1: executive branch spends money on. Now, you can't have both
27:48
Speaker 1: of those things be completely true, right, So somehow they're
27:51
Speaker 1: going to have to sort that out. And like the Okay,
27:53
Speaker 1: the executive branch is allowed to decide how much these
27:58
Speaker 1: guys spend and to close down categories of the executive
28:03
Speaker 1: branch if they want to. You know, you can can
28:06
Speaker 1: can Trump closed down, for instance, the Education Department because
28:11
Speaker 1: it's it's within the realm of the executive branch, but
28:16
Speaker 1: Congress funded it. You know, what's the answer to that
28:20
Speaker 1: is going to be yeah, yeah, So what does the
28:23
Speaker 1: Supreme Court say about that? And if it's if it
28:25
Speaker 1: comes down hard on either side, then that opens the
28:28
Speaker 1: floodgates for whichever side wins to just go to town
28:31
Speaker 1: do anything they want to.
28:33
Speaker 3: All right, So talking about us AID, which isn't really
28:38
Speaker 3: what it's about, but we had the release of the
28:41
Speaker 3: Kennedy files, which nobody's gotten through. But there's a couple
28:45
Speaker 3: of interesting tidbits. But one of the things of interest,
28:51
Speaker 3: there's a lady named Ruth Payne and she was instrumental.
28:57
Speaker 3: Without her, the assassination could not have happened. And it's
29:01
Speaker 3: been speculated that she's Cia. Her her family was like
29:06
Speaker 3: buddy buddy with the Alan Foster Dulles, and you know,
29:11
Speaker 3: she was ejected from Nicaragua during the contract whole thing.
29:17
Speaker 3: You know, it's it's fascinating. So the point is like,
29:21
Speaker 3: nothing really earth shattering. No smoking guns have come out yet,
29:27
Speaker 3: but we haven't gotten everything yet either. So but the
29:31
Speaker 3: fact that they're releasing all this stuff and it's laden
29:35
Speaker 3: with the agency disinformation too. So I had a discussion
29:40
Speaker 3: with GROC about it, you know, and I basically convinced
29:45
Speaker 3: Groc that the company was involved. Rock is now ninety
29:49
Speaker 3: nine percent sure that the company was involved. Whereas first
29:54
Speaker 3: it's given me a line of garbage like maybe this
29:57
Speaker 3: and who knows, and then I press to go down
30:00
Speaker 3: the list of characters. It was the most fascinating thing
30:03
Speaker 3: you ever saw, John. It fast sounds fascinating.
30:07
Speaker 1: I didn't know you could have a conversation that changes
30:09
Speaker 1: in AI's mind, and then it's grouk out there now
30:12
Speaker 1: telling this stuff to other people who ask about it,
30:15
Speaker 1: like this is youerr okay? Then yeah, okay.
30:18
Speaker 3: So I asked it to rate my knowledge of the
30:21
Speaker 3: Kennedy assassination. It gave me an eight out of ten
30:25
Speaker 3: because it said I couldn't quote like frame by frame
30:30
Speaker 3: from the Suppruder film and that I didn't quote like
30:34
Speaker 3: the Warren Commission page number reports and stuff, but it
30:39
Speaker 3: said I knew my stuff.
30:41
Speaker 1: So okay, two things about this. We know, even without
30:46
Speaker 1: this new stuff that came out, that LBJ and the
30:48
Speaker 1: CIA killed Kennedy. We know that, you know, and so
30:52
Speaker 1: this this is I mean, it's interesting to find out
30:57
Speaker 1: the documents that that's true, but we know they did it.
31:00
Speaker 1: The second thing is is Dallas Airport still Dallas Airport?
31:05
Speaker 3: Yes?
31:05
Speaker 1: Oh, they need to toast the Dallas name off of everything.
31:08
Speaker 1: That those people were monsters, The Dallas Brothers were this
31:13
Speaker 1: nightmarish pair of monsters who somehow got got real power
31:20
Speaker 1: in the US government. So yeah, okay, what is Reagan
31:25
Speaker 1: International Airport still an airport?
31:28
Speaker 3: Yeah? So yeah, that was where they had the crash
31:30
Speaker 3: that's set and the other one's deep. Well, I think
31:33
Speaker 3: their symbols.
31:34
Speaker 1: What about Handaday because I'm just trying to think of
31:38
Speaker 1: who we need to replace Dallas with on that Dallas
31:41
Speaker 1: International Airport. Yeah, because if it was if Kennedy doesn't
31:45
Speaker 1: have an airport anymore, then we should totally make it Kennedy.
31:49
Speaker 3: Well, he's got an airport in New York.
31:51
Speaker 1: But yeah, that's right, okay.
31:54
Speaker 3: Yeah, And I was in Dallas so going to Europe
32:00
Speaker 3: to see my son, and you know, I was reading
32:03
Speaker 3: the plaques there. I should have taken some pictures of them.
32:06
Speaker 3: There's a whole plaque about you know how he was
32:09
Speaker 3: instrumental in building the airport and all this stuff and
32:13
Speaker 3: it's a pretty lousy airport.
32:16
Speaker 1: Who was Dallas us was somehow involved? If Dallas built
32:21
Speaker 1: an airport, it was just a way to launder money,
32:23
Speaker 1: to use it to overthrow governments. And murder might be
32:26
Speaker 1: the other monsters. Yeah, well I think they work together.
32:31
Speaker 1: I think there's guilt by association there. So both the
32:33
Speaker 1: Dallas brothers ought to be erased from American history.
32:37
Speaker 3: It's actually John Fuster Dulles that it was named after,
32:42
Speaker 3: and that's he was the Secretary of State, right, yeah,
32:47
Speaker 3: Alan Dallas Cia.
32:49
Speaker 1: Yeah, he's the one who killed Kennaday.
32:51
Speaker 3: Yes, So there was a reason why it was named
32:55
Speaker 3: to commemorate Dallas's legacy and establish Washington, d c. As
32:59
Speaker 3: a hub for international diplomacy and the commerce. So and
33:07
Speaker 3: it was built designed by the same guy who did
33:11
Speaker 3: the TWA terminal the Seagull in Kennedy, which they've kept
33:18
Speaker 3: kind of it. They turned it into a hotel. But
33:21
Speaker 3: what's interesting though, is that you got that flowing in
33:24
Speaker 3: the big windows and the light and everything. But it's
33:28
Speaker 3: kind of it really needs to be kind of totally
33:32
Speaker 3: removed and redone. But you know, we'll see what happens.
33:35
Speaker 3: But yeah, well we're at it, Let's get rid of
33:38
Speaker 3: the j Edgar Hoover building there for the FBI sends
33:42
Speaker 3: out the wrong signal.
33:43
Speaker 1: You know, we need we need a museum of corruption
33:47
Speaker 1: where we can go and see because I mean, those
33:48
Speaker 1: are fascinating stories. Jay Egar Hoover deserves a whole wing
33:53
Speaker 1: of a of a museum of monsters, and so did
33:57
Speaker 1: the Dallas brothers. And you know that would be a
33:59
Speaker 1: fat that be one of the great tourist attractions of
34:03
Speaker 1: the world because people would come from everywhere love it,
34:07
Speaker 1: your have their opinion of the United States validated by,
34:11
Speaker 1: you know, seeing what all these monsters were up to.
34:14
Speaker 3: We could set up an NGO to do this too.
34:17
Speaker 1: Oh and funds some money. Yeah, fund it with money
34:20
Speaker 1: made up by the Fed. Yeah.
34:23
Speaker 3: You know they have the Mob Museum in Vegas, so
34:27
Speaker 3: why not the Corrupt Politician Museum in DC.
34:30
Speaker 1: It's just success. I mean Elon Musk and Cash Patel
34:37
Speaker 1: would probably want to do something like that. You know,
34:40
Speaker 1: they ever sat around and talked about it. They would
34:42
Speaker 1: come up with a plan.
34:43
Speaker 3: And we got so much empty office space now in DC.
34:48
Speaker 3: I think maybe we take the USA Building and make
34:51
Speaker 3: that into the Smithsonian of Corruption, Right, I like it.
34:56
Speaker 3: I like I think we're for.
34:57
Speaker 1: The the FBA, FBI headquarters one or the other, or
35:02
Speaker 1: they could be branches of the Yeah.
35:04
Speaker 3: Well, the combination of corruption and deep state.
35:08
Speaker 1: You know, yes, yeah, this is must You know that
35:13
Speaker 1: that is a campaign plank right there. Trump. Well Trump's
35:18
Speaker 1: not running again, but whoever runs next. If they say, hey,
35:20
Speaker 1: that's we're going to build this museum and put all
35:22
Speaker 1: their crazy monsters and yeah, they could win a lot
35:26
Speaker 1: of boats with that, I.
35:27
Speaker 3: Got a better idea. How about if we stuck you
35:30
Speaker 3: and I start a GoFundMe campaign. What do you think
35:35
Speaker 3: you up for it?
35:38
Speaker 1: I think that would be worth millions of dollars And
35:42
Speaker 1: then we would get assassinated, so we wouldn't get a
35:45
Speaker 1: chance to spend the money. That would be the problem.
35:47
Speaker 3: But I have a great idea. As we're building museum,
35:51
Speaker 3: we pay out kickbacks to everybody. We make it an
35:55
Speaker 3: exercising corruption to build the Museum of Corruption. Yeah, just
35:59
Speaker 3: say we're going to do it.
36:00
Speaker 1: We would tell everybody that yeah, okay, yeah, and we're
36:02
Speaker 1: going to bribe the congressman there you okay, and we'll
36:06
Speaker 1: go back.
36:06
Speaker 3: I think, you know, we should go back in history
36:09
Speaker 3: and find the most corrupt people like Nero and how
36:13
Speaker 3: they stole and we could just go back and it.
36:16
Speaker 3: You know this, I know it might have to take
36:19
Speaker 3: several blocks sean to really honor it fairly.
36:24
Speaker 1: Because just I mean just the US would be a
36:26
Speaker 1: city block, and if we if we went through the
36:29
Speaker 1: whole world, I mean that that would be a tourist
36:33
Speaker 1: attraction for the ages there. I mean it would it
36:35
Speaker 1: would generate billions of revenue every year.
36:38
Speaker 3: So if we could sell gold cords for people for
36:43
Speaker 3: five million bucks to become a citizen, that's kind of brilliant,
36:47
Speaker 3: you know, because that's just that'll bring in a trillion
36:49
Speaker 3: dollars overnight. You just got to sell two hundred thousand
36:52
Speaker 3: of them.
36:53
Speaker 1: I saw a headline that said they were selling pretty well. Yeah,
36:56
Speaker 1: did you see that in thousand? His? Uh? Okay? Because
37:02
Speaker 1: here's how I think I was a super rich guy
37:05
Speaker 1: in China or Russia or Brazil or someplace. I would
37:08
Speaker 1: I would give my college graduate kid a card like
37:13
Speaker 1: that as a graduation present because boom, you have. You're
37:16
Speaker 1: a dual citizen, will And I thought that would work
37:20
Speaker 1: right there.
37:21
Speaker 3: I'll tell you a little story here in Jupiter, Florida.
37:25
Speaker 3: You've been you've been there. There is a development and
37:30
Speaker 3: it was put together by some maybe not the most
37:33
Speaker 3: reputable people, and they couldn't get financing. It was after
37:37
Speaker 3: the global financial collapse. So they went to d C
37:42
Speaker 3: and they got the EB five law changed because it
37:45
Speaker 3: didn't used to apply to real estate, which said if
37:49
Speaker 3: you put half a million bucks into a business and
37:52
Speaker 3: employed X number of people, you could get a green card.
37:56
Speaker 3: And they did this with two hundred investors for five
38:00
Speaker 3: five hundred grand each all right, which comes out to
38:03
Speaker 3: one hundred million. The project has never made any money
38:07
Speaker 3: because they made their money selling green cards, and this
38:11
Speaker 3: became a way of life for the government. So this
38:13
Speaker 3: is just an extension of that getting more money than
38:17
Speaker 3: it's worth. And you're some oligarch in Russia, or you're
38:20
Speaker 3: some guy in China who's stolen billions and you need
38:27
Speaker 3: your you need your bug app plan, right, you need
38:30
Speaker 3: your escape plan. You send your wife and kids there,
38:33
Speaker 3: which is what they're doing anyway. And the US citizenship
38:37
Speaker 3: really takes on a whole new meaning.
38:40
Speaker 1: It becomes a brand man because you know exactly what
38:44
Speaker 1: you're getting when you buy that gold card. Whereas you
38:47
Speaker 1: know there are lots of invests for citizenship plans. It
38:51
Speaker 1: is like a one point five million one that gets
38:53
Speaker 1: you into the EU, but they don't have brand names.
38:57
Speaker 1: You know, you're just like, hey, we've got to call
38:59
Speaker 1: up Cyprus and see how that thing works. But with
39:02
Speaker 1: the US, it's like, I just want a gold card.
39:04
Speaker 1: You know, there's somebody you call. So there's a lot
39:06
Speaker 1: gesus for branding. Yeah he's good at branding. Yeah, it's
39:10
Speaker 1: his genius.
39:11
Speaker 3: I mean, you know, they pay him all that money
39:14
Speaker 3: to uh, you know, put his name on buildings or
39:18
Speaker 3: they used to millions and millions of dollars. So, you know,
39:22
Speaker 3: the Trump gold card, I think it's got the right cachet.
39:25
Speaker 3: They supposedly have sold up ten thousand of them, which
39:28
Speaker 3: is like five hundred million bucks. Yeah, fifty billion, fifty billion. Yeah.
39:34
Speaker 1: See that you make an the deficit when you do
39:38
Speaker 1: something like that, Like if they can knock up one
39:40
Speaker 1: hundred billion dollars a year off of the deficit, that's
39:44
Speaker 1: that's a noticeable difference.
39:45
Speaker 3: You know. The way you do it, though, is it's
39:49
Speaker 3: a limited time offer. We're only selling x amount. This
39:53
Speaker 3: is the genius scarcity. If you don't get in now,
39:56
Speaker 3: we don't know if you're ever going to get in.
39:58
Speaker 3: And then of course you do it next year too,
40:00
Speaker 3: because it's too good a grift to let go. And
40:03
Speaker 3: you add in some tariff money and you know, pretty soon,
40:08
Speaker 3: you know, I have a theory, John, we'll just touch
40:11
Speaker 3: it briefly and we'll talk more about it next. I
40:13
Speaker 3: wrote an article about it. The US Strategic Crypto Reserve. Okay,
40:19
Speaker 3: they took two hundred thousand some odd coins from russ Albrick.
40:25
Speaker 3: They might have taken another several hundred thousand. Maybe they
40:30
Speaker 3: are holding a million bitcoin, all right, so right now
40:35
Speaker 3: that they say it's worth twenty billion. But if you know, Trump,
40:41
Speaker 3: the master marketer, gets everybody convinced that this thing is
40:45
Speaker 3: going to the moon, and it goes up another thousandfold thousand,
40:50
Speaker 3: you know times, which we saw it do, so you
40:55
Speaker 3: could create something out of nothing. Basically, this crypto has
40:58
Speaker 3: no value, but because everybody's behind it, all of a
41:02
Speaker 3: sudden and it can't make any more, it increases to
41:07
Speaker 3: ten million a coin. And then you say to all
41:10
Speaker 3: the bondholders, hey, we're not in the bond issuing paying
41:14
Speaker 3: business anymore, but here's some crypto for you, and you're
41:20
Speaker 3: getting If you take it now, you'll get one hundred
41:23
Speaker 3: and ten percent, but if you take it later, you'll
41:25
Speaker 3: only get ninety percent. Voila, our debt is paid off.
41:30
Speaker 3: Maybe they'll pay it out in Trump coin and Malania
41:33
Speaker 3: coin too. Well, that would be.
41:38
Speaker 1: There would be chapters in future history books called the
41:41
Speaker 1: Great Pump and Dump Great US Pump and Dump, because well,
41:45
Speaker 1: the dump would be brutal if they did that, though, right,
41:48
Speaker 1: bills if you're under sucking ten trillion dollars out of somewhere.
41:52
Speaker 3: Yeah, but you do it in such a way that
41:57
Speaker 3: you know you're going to retire it over a set
42:00
Speaker 3: period of time ten years, right, And you know everybody
42:07
Speaker 3: can elect ten percent. They can elect the first ten
42:11
Speaker 3: percent that says yes, and then you say, oh, we
42:13
Speaker 3: got such an overwhelming response, let's do thirty.
42:16
Speaker 1: Right.
42:17
Speaker 3: And then this I'm telling you John, It's like there's
42:20
Speaker 3: no other way that they can really ever pay this
42:23
Speaker 3: off except to create something that has no value and
42:26
Speaker 3: make it seem like it has infinite value and then
42:30
Speaker 3: use that to pay it off. I mean, it reminds
42:34
Speaker 3: me of an algebra question, which of course I was
42:37
Speaker 3: lousy at math and I never knew. But two companies
42:42
Speaker 3: want to go to this hotel and they have infinite
42:46
Speaker 3: numbers of salespeople they're going to have a convention there,
42:49
Speaker 3: and the hotel has an infinite number of rooms. How
42:55
Speaker 3: do you fit those two companies into it? Because you
42:59
Speaker 3: know it's infinite demand infinite supply. You know what the
43:05
Speaker 3: answer was, You alternate every other room. One goes to
43:09
Speaker 3: company A, one goes to company B. You have an
43:12
Speaker 3: infinite number of rooms and an infinite number of people.
43:15
Speaker 3: But that's how you fit them all in.
43:17
Speaker 1: Okay, well, okay maybe, but I want an honest government
43:23
Speaker 1: someday I don't want to. I don't like the idea
43:26
Speaker 1: of that pump and dump, you know, the gold standard
43:31
Speaker 1: that we might have to go to. I'd rather just
43:34
Speaker 1: see that happen and be done honestly. But what are
43:38
Speaker 1: the odds of that?
43:39
Speaker 3: You know that when you have to value gold at though,
43:41
Speaker 3: you can't value gold high enough to pay off the debt,
43:44
Speaker 3: can't be.
43:45
Speaker 1: Done not to pay off the debt. Well, see that's
43:48
Speaker 1: the problem is what do we do with the debt
43:50
Speaker 1: as part of this, because we have to be able
43:52
Speaker 1: to pay it off somehow, someway. But we lower the
43:55
Speaker 1: value of the debt by raising the price of goal,
43:59
Speaker 1: and then you enrage the people who get screwed because
44:03
Speaker 1: they own the debt. And see, that's the battle of
44:06
Speaker 1: going to the gold standard, is that you have to
44:10
Speaker 1: screw over the people who trusted the government, and then
44:13
Speaker 1: you have to survive their anger afterwards. Storing the palace
44:19
Speaker 1: a and it's owners of government bonds, right, So it's
44:22
Speaker 1: high powered people and the people who he was easier,
44:25
Speaker 1: you definitely storm the government.
44:27
Speaker 3: Yeah, it's easier to just pay him in crypto, honestly,
44:30
Speaker 3: and then you still have the gold. Hey, But by
44:33
Speaker 3: the way, we neglected one of the most important stories,
44:36
Speaker 3: which I've written a couple of articles about on Financial
44:39
Speaker 3: Survival Network and don't forget rabinosubstack dot com for John's
44:43
Speaker 3: latest articles. So they're going to audit the gold reserve.
44:52
Speaker 3: So this I talked with Craighamke about this. This automatically
44:56
Speaker 3: means that the gold is there, or something that looks
45:00
Speaker 3: like gold is there, because they would never open up
45:04
Speaker 3: the vaults. Because what would happen, John, if if we
45:06
Speaker 3: get there and the vaults are empty, that.
45:11
Speaker 1: Would be the highest rated TV show of all time.
45:13
Speaker 1: That's for feel. Yeah, it could bring Geraldo back just
45:18
Speaker 1: for the showmanship part of it, you know, and let
45:20
Speaker 1: him actually find something. But you know, one of the
45:24
Speaker 1: big stories of the past month has been all the
45:26
Speaker 1: gold flowing from London to New York. And it could
45:31
Speaker 1: be that the US is restocking Fort Knox in anticipation
45:35
Speaker 1: of having to have the thing to audit it. So
45:38
Speaker 1: I mean that those two stories fit together pretty well.
45:42
Speaker 1: But you're right, they won't go. I don't think they'll
45:44
Speaker 1: go do it if their gold isn't there, because that
45:47
Speaker 1: would cause a major currency crisis here. I think it.
45:51
Speaker 3: Would blow up the whole economic system, be gone dollars.
45:55
Speaker 1: You know what it would do, though, was it would
45:57
Speaker 1: guarantee Trump's reputation Haiti forever, because that's such a brave
46:04
Speaker 1: thing to do. Like, look, we've been screwing up, but
46:06
Speaker 1: we're just gonna admit it here. I'm going to be
46:09
Speaker 1: the one who's going to tell you the truth. And
46:11
Speaker 1: of course he would probably die the next day, but still,
46:15
Speaker 1: you know, his reputation, his legacy would be assured. But
46:19
Speaker 1: but yeah, you know, there's so much interesting stuff happening
46:23
Speaker 1: right now. We haven't even talked about the Epstein files.
46:28
Speaker 1: They're promising, yeah, next time.
46:31
Speaker 3: We got Hey, we've like come a long way here.
46:33
Speaker 3: We paid off the national debt and we got a
46:37
Speaker 3: museum of corruption. I mean, I think we've done enough
46:39
Speaker 3: for this show, John, the Museum of corruption. Man that is,
46:46
Speaker 3: I'm going to start a gofund me camp.
46:47
Speaker 1: Don't help my name on that. I don't want to know.
46:50
Speaker 3: We'll use pseudonyms. You know, I'm good at that all right? Hey,
46:55
Speaker 3: subs so rabino, substack dot com. Financial Survival Network dot com.
47:00
Speaker 3: The link is there. Sign up for our newsletter, John.
47:03
Speaker 3: We'll talk to you in a few weeks.
47:05
Speaker 1: Thanks, carry see you.
47:06
Speaker 2: Thanks for listening to Carrie Letz's Financial Survival Network, your
47:10
Speaker 2: solution to today's trying times. For the latest, go to
47:14
Speaker 2: Financial Survivalnetwork dot com. Financial Survival Network now more than ever,