Latest / Financial Survival Network / Shutdown Chaos, Markets on Edge - Lobo Tiggre #6350

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Shutdown Chaos, Markets on Edge - Lobo Tiggre #6350 · Financial Survival Network

• 0:00
  Speaker 1: And B that implies the end of the of the
• 0:01
  Speaker 1: bull market. Once you hit that blow off top, the
• 0:03
  Speaker 1: next big move is down. And that's neither what I want,
• 0:06
  Speaker 1: but also not what I see based on the fundamentals
• 0:08
  Speaker 1: that the money printing hasn't stopped, the central bank buying
• 0:11
  Speaker 1: hasn't stopped, all the reasons to be bullish on gold
• 0:15
  Speaker 1: are still there. So it just doesn't seem like this
• 0:18
  Speaker 1: is a market that's ready to peak to me. It
• 0:20
  Speaker 1: seems to me like a market that wants to go
• 0:22
  Speaker 1: higher for years to come.
• 0:23
  Speaker 2: You're listening to Carrie Leutz's Financial Survival Network, where you
• 0:27
  Speaker 2: get valuable information you just can't find anywhere else to
• 0:31
  Speaker 2: thrive in today's trying times. You need the Financial Survival
• 0:35
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• 0:40
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• 0:44
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• 0:47
  Speaker 3: Ever, and welcome. This is Financial Survival Network. I'm your host,
• 0:55
  Speaker 3: Carrie Letz. Our good Frick Lobo t Grade is with
• 0:58
  Speaker 3: us now formerly known as Louis James. But that's so
• 1:03
  Speaker 3: long ago, I probably shouldn't even mention that anymore. Well,
• 1:06
  Speaker 3: we got good news shut the thing that really affected
• 1:10
  Speaker 3: me two things. I've written a couple of books Lobo,
• 1:14
  Speaker 3: and I haven't been able to get a Library of
• 1:17
  Speaker 3: Congress Control number, which is an absolute must to get
• 1:21
  Speaker 3: your books in libraries. They won't buy them without if that,
• 1:25
  Speaker 3: and trying to get back from LaGuardia Airport Sunday night
• 1:31
  Speaker 3: turned into a half a day affair. A plane that
• 1:33
  Speaker 3: was supposed to leave at two twenty five left at
• 1:36
  Speaker 3: eight twenty five actually left about eight, but because there
• 1:40
  Speaker 3: were no controllers on the East coast, it had to
• 1:43
  Speaker 3: deviate west over Tennessee to get to Florida. It was
• 1:47
  Speaker 3: a three and a half hour flight. It was hell,
• 1:52
  Speaker 3: pure hell. So I'm happy they're back from that standpoint
• 1:54
  Speaker 3: because I got some flights coming up and I don't
• 1:57
  Speaker 3: want to know about this anymore. What's your take on
• 2:00
  Speaker 3: the shutdown? You know, the government that governs least is
• 2:04
  Speaker 3: that which governs best. They weren't governing at their least.
• 2:07
  Speaker 1: It's it's false advertising carry they don't shut down, if
• 2:11
  Speaker 1: only they would, you know, I would much rather see
• 2:17
  Speaker 1: services revert to market forces when people realize how very
• 2:21
  Speaker 1: incompetent the government is for doing all these things that
• 2:24
  Speaker 1: even if you believed in you know, a minimal watchman
• 2:27
  Speaker 1: state that you know, there's so much stuff in it.
• 2:29
  Speaker 1: It's not in the constitution. It shouldn't be done at all.
• 2:32
  Speaker 1: And you know, you'd think a shutdown would be the
• 2:34
  Speaker 1: opportunity to clear up some of the mess. And you
• 2:38
  Speaker 1: remember there was talk early in the shutdown about firing.
• 2:42
  Speaker 1: You know, if these workers are non essential, well then
• 2:45
  Speaker 1: why do we have them at all? Why not just
• 2:47
  Speaker 1: fire them?
• 2:47
  Speaker 2: Right?
• 2:47
  Speaker 1: But of course it's just all a circus, and they
• 2:50
  Speaker 1: weren't really going to do that.
• 2:52
  Speaker 3: You know.
• 2:53
  Speaker 1: If anything, the whole doge and you know, Trump must
• 2:57
  Speaker 1: blow up, shows that if you really try to go
• 2:59
  Speaker 1: in and and cut, you know, the deep state will
• 3:03
  Speaker 1: fight back. It seems so, I don't you know, I wasn't.
• 3:08
  Speaker 1: I wasn't too worried about the shutdown. You know, record
• 3:11
  Speaker 1: long shutdown. Okay, air traffic delays and stuff. This is
• 3:15
  Speaker 1: this is really just an inconvenience. It's not like the
• 3:18
  Speaker 1: world stopped or the economy stopped, and we all knew
• 3:23
  Speaker 1: it was going to end, you know, in a compromise.
• 3:25
  Speaker 1: And you know until January, right, the circus starts to
• 3:28
  Speaker 1: get in January, So you know, long as the chaos.
• 3:33
  Speaker 3: Yeah, no, no, I couldn't agree with you more. It's
• 3:37
  Speaker 3: to me it was just like going through TSA.
• 3:41
  Speaker 2: Well.
• 3:42
  Speaker 3: Our good friend Robert Ian calls that security theater. They're
• 3:47
  Speaker 3: not really there to catch anybody. They're just there to
• 3:50
  Speaker 3: make you think that they're going to keep you safe.
• 3:54
  Speaker 3: But I will say one thing, like the TSA wasn't
• 3:57
  Speaker 3: getting paid during this called shutdown. But I raced through
• 4:03
  Speaker 3: the TSA line. They got this new technology. You stick
• 4:07
  Speaker 3: your license in a sloth, The thing takes your picture
• 4:11
  Speaker 3: and then you get to wait while everybody's baggage gets scanned.
• 4:15
  Speaker 3: Because the baggage scanning can't keep up with the approval
• 4:19
  Speaker 3: from the TSA agents that you check out. It's a
• 4:24
  Speaker 3: pure exercise in madness, the entire thing.
• 4:28
  Speaker 1: We're heading towards a rather scary, brave new world.
• 4:31
  Speaker 3: Carrie.
• 4:32
  Speaker 1: The you know you talk about, you know, looking at
• 4:37
  Speaker 1: the machine and having it verify you that. The last
• 4:40
  Speaker 1: time I was in Europe, they didn't even ask for
• 4:42
  Speaker 1: the papers of the passport or the cards or anything.
• 4:44
  Speaker 1: You just walk by and the thing looks at you
• 4:46
  Speaker 1: and they let you on the airplane. You know the
• 4:49
  Speaker 1: implications of that, You know, it's always very convenient. We
• 4:51
  Speaker 1: could just walk on the airplane. But the implications of that,
• 4:54
  Speaker 1: you know my face, you know, the facial recognition, and
• 4:58
  Speaker 1: that tracking you everywhere, that cameras everywhere we are. I
• 5:06
  Speaker 1: think you could make a claim that we already live
• 5:08
  Speaker 1: in a surveillance state. All the needs for it to
• 5:12
  Speaker 1: turn into a nightmare surveillance state is for the governments
• 5:14
  Speaker 1: to turn even more authoritarian than they already are.
• 5:18
  Speaker 3: That's probably coming.
• 5:20
  Speaker 1: So yeah, yeah, it makes it, you know what, you know,
• 5:25
  Speaker 1: I don't want to get too tinfoil hat here, but
• 5:27
  Speaker 1: one of the reasons why I live in one of
• 5:32
  Speaker 1: the reasons I live in Puerto Rico isn't just the
• 5:34
  Speaker 1: tax breaks, which are great, but also it's so far
• 5:38
  Speaker 1: off the beaten path. And you know, I don't think
• 5:41
  Speaker 1: most people around the world even remember that Puerto Rico
• 5:44
  Speaker 1: is part of the United States or belongs to the
• 5:46
  Speaker 1: United States.
• 5:47
  Speaker 3: Is when did they do that?
• 5:51
  Speaker 1: We stole it from Spain, fair and square in eighteen
• 5:53
  Speaker 1: ninety eight. But you know, if there's an ICBM, you know,
• 5:59
  Speaker 1: headed for the US somewhere, you know, the mervs for
• 6:02
  Speaker 1: La Chicago, New York, Washington, Sure, San Juan, Puerto Rico,
• 6:07
  Speaker 1: probably not. So if things get really scary, really bad,
• 6:12
  Speaker 1: you know, I hope I'm not like that guy who
• 6:14
  Speaker 1: moved to where was it, watl Canal or something to
• 6:17
  Speaker 1: get out of the way of World War two, you know,
• 6:21
  Speaker 1: So I hope that I've made a wise movement. But
• 6:24
  Speaker 1: the other thing is, like, if things get really scary,
• 6:27
  Speaker 1: you can't freeze here, and you can grow stuff all
• 6:29
  Speaker 1: year around. So that's from a you know, worst case
• 6:34
  Speaker 1: scenario point of view, I'd rather have a bunker in
• 6:37
  Speaker 1: Puerto Rico than a bunker in Idaho where I can
• 6:39
  Speaker 1: freeze my posterior off in the winter.
• 6:42
  Speaker 3: Yeah, I know what you mean. I know what you mean.
• 6:45
  Speaker 3: It's and the weather is good there, and yeah, you
• 6:49
  Speaker 3: do get some storms, some hurricanes.
• 6:51
  Speaker 1: Good.
• 6:52
  Speaker 3: Every place on the planet has some type of natural
• 6:56
  Speaker 3: disaster that's got its name on it.
• 6:59
  Speaker 1: Right, pluses or minuses for every place. Yeah, I'm certainly
• 7:03
  Speaker 1: not saying this one was perfect. And you know, honestly,
• 7:07
  Speaker 1: I don't spend too much time thinking about this the
• 7:09
  Speaker 1: tail risk of something that bad happening. At that point,
• 7:11
  Speaker 1: I'm not worried about my investments anymore. I'm not worried
• 7:14
  Speaker 1: about balls that anything else, right, but it is you know,
• 7:19
  Speaker 1: we we live in a scary world. And you know
• 7:20
  Speaker 1: we're celebrating the shutdown of the shutdown, which was just
• 7:23
  Speaker 1: a circus anyway. But meanwhile we've still got putting over.
• 7:28
  Speaker 3: There, you know.
• 7:30
  Speaker 1: Yeah, so we are we are closer to you know,
• 7:34
  Speaker 1: serious bad stuff going down then we've been, I think
• 7:38
  Speaker 1: in decades. And I think it's the financial survival network.
• 7:42
  Speaker 1: But the survival parts important. And I'm not telling anybody
• 7:44
  Speaker 1: to you know, quit their job and head for the
• 7:47
  Speaker 1: hills or stuff like that. But you know what the
• 7:49
  Speaker 1: thing about insurance is, even if you never use it,
• 7:52
  Speaker 1: it's better to have it than not. And if you're
• 7:54
  Speaker 1: don't afford to take out a little crisis insurance that
• 7:58
  Speaker 1: you know, harden your assets, hardened your life against possible tailorists.
• 8:03
  Speaker 1: I don't think that's a tinfoil hat crazy thing to do.
• 8:06
  Speaker 3: Well, that's why we own gold and silver, right, Well.
• 8:10
  Speaker 1: It wasn't because silver was going to fifty three dollars today.
• 8:13
  Speaker 1: Were you gambling on silver going high or Kerry?
• 8:16
  Speaker 3: Well, I gambled the fifteen years ago, well when I
• 8:21
  Speaker 3: bought most of my keep in my house. But you know,
• 8:27
  Speaker 3: I'm teasing. Of course, the bill, we always knew that
• 8:30
  Speaker 3: it was going to do this, right.
• 8:32
  Speaker 1: Yes, But so the bullying. I think of his savings
• 8:36
  Speaker 1: as real money. It's a financial loan for which there's
• 8:39
  Speaker 1: no short in insurance, all that sort of thing. So
• 8:41
  Speaker 1: it fits into a previous conversation absolutely, no question. Bullying
• 8:44
  Speaker 1: is part of that. As I don't think of myself
• 8:47
  Speaker 1: as a gambler. I try to think of myself as
• 8:49
  Speaker 1: as a disciplined speculator and to speculate on gains. That's
• 8:53
  Speaker 1: what the stocks are for. Because if I think gold
• 8:56
  Speaker 1: is going op for so or copper raniing or whatever.
• 8:59
  Speaker 1: If I think it's going up, you know, owning the
• 9:01
  Speaker 1: metal or or an ETF that represents the metal is
• 9:04
  Speaker 1: the least leverage I can get to that upside if
• 9:07
  Speaker 1: I'm right. You know, I want a hockey stick, right.
• 9:09
  Speaker 1: So the way to do that is with the mining stocks,
• 9:12
  Speaker 1: and they have been delivering in spades as yet. There
• 9:15
  Speaker 1: was I don't want to go too far down this
• 9:18
  Speaker 1: rabbit hole, but it was you know, a year or
• 9:19
  Speaker 1: two ago people were thinking the mining stocks were broken.
• 9:22
  Speaker 1: Gold was up and these stocks couldn't get off the floor,
• 9:24
  Speaker 1: and people were wondering, well, is this the end? You know,
• 9:27
  Speaker 1: maybe bitcoin is eating the mining stocks lunch. Well, this
• 9:30
  Speaker 1: year has answered the question. No. I you know, I
• 9:33
  Speaker 1: think there was good reasons for people to be skeptical
• 9:35
  Speaker 1: of mining stocks. They more or less flubbed it in
• 9:38
  Speaker 1: two thousand and eight, two thousand and twelve, right, And
• 9:42
  Speaker 1: now that they've not, now they've had some discipline, they're
• 9:45
  Speaker 1: making money. I mean the producers are I was really
• 9:49
  Speaker 1: you know, printing cash right, you know they're mining gold
• 9:52
  Speaker 1: and so or they got real money, right, And oil
• 9:54
  Speaker 1: prices are down, so you've got lower energy prices, lower
• 9:57
  Speaker 1: input costs, and you've got soaring sales your revenue. So
• 10:01
  Speaker 1: you have to be a really crappy miner not to
• 10:04
  Speaker 1: be making money in the space. And by the way,
• 10:06
  Speaker 1: to your audience, that's a litmus test. This is not
• 10:08
  Speaker 1: a time to look for overlooked gems in the mining stocks.
• 10:11
  Speaker 1: If there's a mining stock that is not responding to
• 10:14
  Speaker 1: gold or silver, or gold or silver stock that's not
• 10:16
  Speaker 1: responding to hire gold and silver, there's something wrong in
• 10:18
  Speaker 1: that company exactly.
• 10:20
  Speaker 3: You know, you hit the nail on the head, and
• 10:22
  Speaker 3: that's what you need to be aware of. There when
• 10:25
  Speaker 3: you're looking for sure, So, hey, how much higher is
• 10:30
  Speaker 3: it going to go? You know? Martin Armstrong said, once
• 10:32
  Speaker 3: the gold hits five thousand, it'll rapidly go to ten thousand. Said,
• 10:37
  Speaker 3: that's just the way they work when you hit those
• 10:41
  Speaker 3: flat numbers, you know, those big numbers, that just goes
• 10:45
  Speaker 3: up from there. It looked like we were going to
• 10:48
  Speaker 3: get sixty dollars silver very quickly. I guess it's three
• 10:53
  Speaker 3: weeks ago and then mysteriously what dollars? But now it's
• 11:01
  Speaker 3: back over fifty, which tells me the control mechanisms are
• 11:07
  Speaker 3: kind of becoming less effective, shall we say, if that.
• 11:12
  Speaker 1: Was mister slammy, as we like to say on social media,
• 11:16
  Speaker 1: he failed, you know to it. I mean, if you
• 11:19
  Speaker 1: think about it, like the last fifty dollars flirtations with
• 11:23
  Speaker 1: silver worre like super sharp peaks, just screaming up intra
• 11:27
  Speaker 1: day on him down again on the other side. So
• 11:30
  Speaker 1: silver held above fifty before a couple of weeks ago,
• 11:33
  Speaker 1: I held above fifty for more than a week, and
• 11:34
  Speaker 1: now it's back and even higher. That that is really
• 11:39
  Speaker 1: different from the previous spikes. It's already more of a
• 11:42
  Speaker 1: plateau and not a spike and on the gold side,
• 11:45
  Speaker 1: I think it's really telling that, like that beach ball
• 11:49
  Speaker 1: that you know, they keep trying to push it under
• 11:51
  Speaker 1: four thousand the day you know, Gold drops under four
• 11:54
  Speaker 1: thousand and then come popping back up again with gusto.
• 11:58
  Speaker 1: That again does not suggest that blow off top, you know,
• 12:00
  Speaker 1: it suggests consolidation building, you know, getting ready for the
• 12:04
  Speaker 1: next big leg. And the last times we've seen this,
• 12:07
  Speaker 1: you know, Gold did it at thirty five hundred more
• 12:09
  Speaker 1: or less, did it at three thousand for quite a while.
• 12:12
  Speaker 1: Once it hit two thousand a couple of years ago.
• 12:14
  Speaker 1: It with volatility, traded sideways for a couple of years.
• 12:18
  Speaker 1: So it seems like you get a big run up, consolidate,
• 12:20
  Speaker 1: big run up, consolidate, And so that's what's happening right now.
• 12:24
  Speaker 1: We've had a big run up and it's consolidating, not
• 12:27
  Speaker 1: going down again. So the pattern this isn't a promise,
• 12:31
  Speaker 1: you know, how I cann it go? You're asking me
• 12:32
  Speaker 1: a crystal ball question. My magic story here.
• 12:36
  Speaker 3: We liked on the spot.
• 12:38
  Speaker 1: Yeah yeah, But so I'll be happy if I just
• 12:41
  Speaker 1: get the direction right, you know, if we had had
• 12:43
  Speaker 1: this conversation two weeks ago, I'd be much more cautious
• 12:46
  Speaker 1: right now. With each passing day, it looks like we
• 12:50
  Speaker 1: are seeing another one of these periods of consolidation before
• 12:53
  Speaker 1: another move higher. I'm much higher, I don't know, but
• 12:56
  Speaker 1: clearly five thousand is not so difficult from here. That's
• 12:59
  Speaker 1: a pretty meal toast forecast.
• 13:01
  Speaker 3: Yeah. Yeah, And the only surprise to you and I,
• 13:06
  Speaker 3: I think happened back on the Great financial Crash. You know,
• 13:12
  Speaker 3: But I guess maybe that crash certainly shook the foundations
• 13:17
  Speaker 3: of the financial system, but it wasn't the final test.
• 13:21
  Speaker 1: Yeah, that was. You know, some of the smartest people
• 13:24
  Speaker 1: I know, people I respect the most, all thought that
• 13:28
  Speaker 1: that was it, Like there was no way that financial
• 13:30
  Speaker 1: house of cards could withstand such a shock, and yet
• 13:34
  Speaker 1: somehow they did, Like there's no way they could paper
• 13:36
  Speaker 1: that over, and they did. Makes me nervous about saying
• 13:40
  Speaker 1: they can't do it again. It seems like, you know, eventually,
• 13:44
  Speaker 1: you know, but never confused the eventual with the imminent,
• 13:48
  Speaker 1: as our friend Rick Rule likes to say. So, you know,
• 13:51
  Speaker 1: judgment day is coming, There's no question. Their only question
• 13:55
  Speaker 1: is when. And I cannot say that that is soon.
• 13:57
  Speaker 1: I'm not sure that I'm willing to say that five
• 14:00
  Speaker 1: and takes it straight to ten thousand. That blow off
• 14:03
  Speaker 1: top implies pretty scary world, Carrie, and I'd rather not
• 14:07
  Speaker 1: see that for some time, you know, frankly, But mister
• 14:10
  Speaker 1: Turkey doesn't care what I want. You know, it's going
• 14:12
  Speaker 1: to do whatever it's going to do. My take, for
• 14:16
  Speaker 1: whatever it's worth is I think we're going to see
• 14:18
  Speaker 1: more consolidation here, more waffling, and then we'll see more,
• 14:21
  Speaker 1: you know, another big leg up, but hopefully not a
• 14:24
  Speaker 1: parabolic you know, going vertical, because a that implies bad
• 14:28
  Speaker 1: things in the real world, and b that implies the
• 14:30
  Speaker 1: end of the of the bull market. Once you hit
• 14:32
  Speaker 1: that blow off top, the next big move is down
• 14:34
  Speaker 1: and that's neither what I want, but also not what
• 14:37
  Speaker 1: I see based on the fundamentals that the money printing
• 14:39
  Speaker 1: hasn't stopped, the central bank buying hasn't stopped, you know,
• 14:42
  Speaker 1: all the reasons to be bullish on gold are still there.
• 14:46
  Speaker 1: So it just doesn't seem like this is a market
• 14:48
  Speaker 1: that's ready to peak. To me. It seems to me
• 14:50
  Speaker 1: like a market that wants to go higher for years
• 14:52
  Speaker 1: to come, and if it corrects in the year term
• 14:54
  Speaker 1: before that then I would see that as a great
• 14:57
  Speaker 1: opportunity for anybody who feels like they missed the boat.
• 14:59
  Speaker 3: Yeah, like a couple of weeks ago when over corrected
• 15:02
  Speaker 3: right and it was hit forty seven and then.
• 15:06
  Speaker 1: Yeah, I mean think about that silver drops all the
• 15:09
  Speaker 1: way to forty seven. Oh my, oh me, what will
• 15:11
  Speaker 1: we do forty seven dollars? You know, those mines were
• 15:14
  Speaker 1: built to make money at fifteen eighteen dollars silver. So
• 15:18
  Speaker 1: the actual business that these stocks represent was fantastic, and
• 15:23
  Speaker 1: yet the drop off in the stocks was like they're
• 15:26
  Speaker 1: going broke tomorrow or something. You know, when when there's
• 15:31
  Speaker 1: a disconnect between price and value. This is another Doug
• 15:34
  Speaker 1: Casey ism, my own mentor, Doug Casey. This is one
• 15:36
  Speaker 1: of his main things. When price and value diverge, that's
• 15:40
  Speaker 1: where opportunity exists. Yeah.
• 15:43
  Speaker 3: The thing is, I can still find deals on eBay
• 15:47
  Speaker 3: today to buy silver below melt.
• 15:51
  Speaker 1: You know, I was, we were both at the New
• 15:54
  Speaker 1: Orleans Show just recently, and I was walking the exhibitors
• 15:56
  Speaker 1: hall looking at the companies, and I was hoping there'd
• 15:59
  Speaker 1: be one of those dealers there who would have like
• 16:01
  Speaker 1: bags of old junk silver, because I have I have
• 16:05
  Speaker 1: a pretty decent silver stack, and I have, of course
• 16:08
  Speaker 1: old bullion. That's how I saved my long term savings.
• 16:11
  Speaker 3: But I don't have a lot.
• 16:12
  Speaker 1: Of like you know, junk silver to make change if
• 16:14
  Speaker 1: if you ever actually had to use it in a
• 16:16
  Speaker 1: mad Max type scenario. You know, I'm not going to
• 16:18
  Speaker 1: go down and buy a loaf of bread with an
• 16:20
  Speaker 1: ounce of gold. I need more small change, or even
• 16:23
  Speaker 1: an ounce of silver would be too much at that point.
• 16:25
  Speaker 3: We need I need a dime, a silver dime, basically
• 16:29
  Speaker 3: something like that. Yeah, well, hopefully we won't get to
• 16:34
  Speaker 3: that point. But to control they're going to have to
• 16:36
  Speaker 3: do a reset, right, I mean, how else are they
• 16:39
  Speaker 3: going to do this?
• 16:40
  Speaker 1: Just I agree? And the world has changed. You know,
• 16:44
  Speaker 1: China's military problem. I remember, I remember a couple of
• 16:47
  Speaker 1: decades ago when China started building out it's navy, and
• 16:49
  Speaker 1: I thought, you know, good luck with that. It's going
• 16:52
  Speaker 1: to cost so much. In the US is decades ahead.
• 16:54
  Speaker 1: Now the Chinese Navy is larger than the US Navy.
• 16:57
  Speaker 1: I mean, this is a very different world. And the
• 17:00
  Speaker 1: bricks okay, it's just a club. It has no statutory authority,
• 17:04
  Speaker 1: but there is sort of maybe moral authority, if you will,
• 17:07
  Speaker 1: from that different world perspective. We let's put it this way.
• 17:11
  Speaker 1: We had a piece dividend after the fall of the
• 17:14
  Speaker 1: Soviet Union for decades and that led to this globalization
• 17:17
  Speaker 1: and it defined an economic era that is rapidly being reversed.
• 17:21
  Speaker 1: We are becoming a bipolar world again, maybe at more
• 17:24
  Speaker 1: ways than one, new hemispheres, and that D globalzation trend
• 17:31
  Speaker 1: is powerful and obvious, and it comes with a D
• 17:34
  Speaker 1: dollarization trend. So you know, the macro setting here, I
• 17:38
  Speaker 1: have very little doubt about where things are going. I
• 17:42
  Speaker 1: just cautioned people to again, you know, Rick will never
• 17:45
  Speaker 1: confused inevitable with the imminent. And as we were just
• 17:48
  Speaker 1: talking about how unbelievable it was that they kicked the
• 17:51
  Speaker 1: can down the road after the crash of two thousand
• 17:53
  Speaker 1: and eight, so you know, there could be a big kerfuffle,
• 17:57
  Speaker 1: market meltdown. Let's say the AI bubble pops, right, it
• 18:01
  Speaker 1: really takes Wall Street down. You know, you got if
• 18:03
  Speaker 1: you have this concentration of all this great outperformance American exceptionalism,
• 18:07
  Speaker 1: if it's all in seven stocks and those go into reverse,
• 18:11
  Speaker 1: the whole thing goes into reverse.
• 18:13
  Speaker 3: Bad news.
• 18:13
  Speaker 1: I would you know, bad news, scary things, opportunities would abound.
• 18:18
  Speaker 1: You know. The idea is bilosa on right when when
• 18:21
  Speaker 1: value in price diverged, that can be an absolute gift
• 18:25
  Speaker 1: from the market. But don't assume this means the end
• 18:29
  Speaker 1: is nigh right, you know, take out that insurance. Fine,
• 18:32
  Speaker 1: have insurance in case things get really scary, but it
• 18:35
  Speaker 1: you know, don't head for the bunker in Idaho until
• 18:39
  Speaker 1: the girth challenged lady has sung.
• 18:43
  Speaker 3: I think we will leave it at that and just
• 18:46
  Speaker 3: tell us where we found you and how we connect
• 18:48
  Speaker 3: with you on the web below.
• 18:50
  Speaker 1: Independent Speculator dot com. I have a free weekly digest.
• 18:53
  Speaker 1: You may or may not agree with everything I say,
• 18:55
  Speaker 1: but one thing I can publish this won't spam you
• 18:58
  Speaker 1: with endless daily advertisements.
• 19:00
  Speaker 3: I hate that, all right. Well, that's a notable achievement
• 19:04
  Speaker 3: in and of itself. Questions comments, shoot me an email
• 19:07
  Speaker 3: kl at Carrie LUTs dot com. What about Oh, it's
• 19:10
  Speaker 3: a pleasure. We will talk to you again real soon.
• 19:13
  Speaker 1: Next time, Carrie.
• 19:14
  Speaker 2: Thanks for listening to Carrie Let's's Financial Survival Network, your
• 19:18
  Speaker 2: solution to today's trying times. For the latest, go to
• 19:22
  Speaker 2: Financial Survivalnetwork dot com. Financial survival Network now more than
• 19:28
  Speaker 2: ever