Latest / Financial Survival Network / Everything You Think You Know About the Trump Appeals is Wrong -- John Rubino #6029

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Everything You Think You Know About the Trump Appeals is Wrong -- John Rubino #6029 · Financial Survival Network

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A lot of mischaracterizations John about exactly what's happening here. And you have to
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understand. All the bond does is stay the plaintiff, in this case,
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the State of New York from enforcing the judgment, which means property seizures,
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bank accounts, all that stuff. That's all it does. If he didn't
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post the bond, he still could have pursued the appeal, but then if
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he won, he would have to like go to New York State and get
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his stuff back, and you can only imagine what that would be like.
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So this is a victory for him. You're listening to Carrie Let's's Financial Survival
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Financial Survival Network now more than ever, and welcome. You are listening to
1:02
and watching the Financial Survival Network on your host, Carrie Lentz. It's three
1:06
twenty five, twenty four. Big news on the Trump front and big news
1:11
on the inflation front, as well as a couple of other fronts out there
1:15
crypto bitcoin back over seventy thousand, shocker of all shockers, and John Rabino
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is with us now, John, So that has the FED thrown in the
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towel on inflation, Hey, Kerry, kind of maybe, because you know,
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inflation, especially the services part of the CPI in other words, insurance
1:40
kinds of Thames and healthcare stuff like that, that's still in the four percent
1:46
plus range, which is twice the FEDS target range, so that you wouldn't
1:51
normally think a central bank would hut interest rates in the face of four percent
1:56
inflation, record stock prices, record house prices, and be low four percent
2:04
unemployment, right, but they're talking about doing it. They kind of intimated
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three cuts this year, and if they go with that, then monetary policy
2:14
starts to be easier. At the same time, fiscal policy, in other
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words, government deficits is massively stimulative, so you would have the whole government
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stimulating the economy at a time when you know, inslation is high, stocks
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are way up, and so then we're kind of talking about stagflation there because
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the economy, despite all those good headline numbers, isn't growing very fast or
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anything, because most people are saddled with a lot of consumer debt, which
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limits consumer spending. So you would have modestly growing, if growing at all,
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economy and inflation at four percent and maybe higher with all the new money
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coming in and the government easing even further. So that's the nineteen seventies over
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again, only you know, on steroids, because the numbers are all so
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much worse now. You know, we had a pretty good financial system,
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pretty rock solid back then because we had relatively little debt in the nineteen seventies.
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Now we're massively indebted. So take the nineteen seventies kind of conditions,
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easy money, rising inflation, rising interest rates, that kind of bit transplant
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it to today, and you've got a nightmare. You know, something that's
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just completely unfixable, and that might be kind of where we are now with
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the Fed talking about no way out, no way out. Well, you
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know, one of the indicators that's flashing that what you're saying is correct is
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look how long gold has been over two thousand and now over twenty one hundred,
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and intra day last week it hit twenty two hundred. So the gold
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market seems to be agreeing with you. Yeah, gold is obviously a signal
3:54
that people are losing faith in the big FIAC currencies because driving the price right
4:00
now is in part central bank buying. The central banks, especially Asian central
4:08
banks, are buying massive amounts of gold, which implies that they see currency
4:14
turmoil in the future and they want rock solid assets in their reserves to back
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up their currency. So that's part of what's pushing gold up. And then
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on the Shanghai Gold Exchange, which is a physical gold exchange, gold is
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trading at a premium where it's trading in London, which is a paper gold
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exchange, and on the COMEX, so that kind of implies that the physical
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market is starting to set pricing, which goldbugs have been waiting for this forever.
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That was the thing that was going to break the Western exchanges and then
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send gold much higher because the physical price would be a lot higher if physical
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was allowed to dictate prices, and so we're kind of seeing that too.
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At the same time, though, there are lots of other signals of fear
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and loathing for few currencies, because you've got Bitcoin going through the roof,
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it's at seventy thousand as we speak right now, and you've got tech stocks
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which are in a lot of cases seen as safe haven assets once they get
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big enough. You know, everybody assumes Google is untouchable. Therefore put your
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money there because it'll be safe. Now we've got Nvidia and any basically anything
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related to AI, giving us a dot com like bubble. At the same
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time, big tech is looking like risk free treasury bonds. You know,
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everybody's owning them for their safety. So yeah, you've got you've got the
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conditions for a big pop in inflation, a big pop in interest rates in
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response to higher inflation, and then a crash for the agents. Then that
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that could be the story of this decade or the first you know, the
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next few years. Really, it doesn't have to have another decade in which
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shade. So in other news, it looks like broke Donald as they're calling
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our former president is going to be at least three billion dollars richer this week
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when his social media platform merges through a you know, a backdoor merger to
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basically make him a multi billionaire if he wasn't already, which I think it
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was obvious he was. I mean, the opposition always likes to downplay his
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his net worth and all this and say he's just blowing smoke. But you
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know, this could be the way where the Normi's out there exact their revenge.
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Should you remember when Michael Moore said that this election, you know,
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Joe Blow, Steve Blow, Bill Blow, and Blow Blow will give the
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establishment the biggest middle finger in history and they will elect Donald Trump as president.
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He predicted it. I knew he was correct at the time. And
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what happened. It happened. So if every normy out there, if every
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Bill Blow and Joe Blow and Steve Blow and the rest of the blows out
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there decide to blow the stock up, what's to stop them from making Trump?
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Maybe Trump could be Look, if they could make Elon Musk the richest
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man in the world, maybe they'll make Trump the richest man in the world.
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Is it possible here, John Boy? This story just illustrates so many
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things. First of all, it illustrates the ineptitude of the current sitting government
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because it's like three days ago that they decided to give Trump a nickname broke
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Broke Dawn. I want to mean that broke. Yeah, So three days
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after they roll out that nickname, the guy, I find an extra three
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billion dollars out there. Second part of that is you know, Trump is
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just incredibly lucky. He's he's been getting the breaks with all of this stuff.
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You know, every time somebody gets close to convicting him on something important,
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they crash and burn in some fundamental way, like down and you know
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the Fawnie Willis thing down in Georgia, and as is about to happen with
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the New York real estate case. So you know, he's getting the breaks
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here. Just when it looks bad, he gets some kind of lucky break
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and he's okay. And now this this latest thing. You know, truth
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Social is a very tiny social media platform. It is worthless. Yeah,
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it has a few million dollars of revenue. It actually loses money. So
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it's it's you know, if it's worth anything, it's worth some small multiple
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of sales, you know, so ten million, twenty million dollars, something
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like that. So for it to be valued at eight billion or whatever it's
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going to go public ad means it's another mean stock that people, you know,
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people latch onto the idea that they buy the stock, they push it
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way up without any regard to its actual value. Fundamental yeah, yeah,
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yeah, any fundamentals. And so yeah, you're right that this is two
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things. One is it's a backdoor way for people to donate to the Trump
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campaign. And I'm you know, on substack, I'm getting a lot of
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direct messages from people asking that question, Hey, I want to buy from
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social media stock? How do I do that? You know? And the
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time is coming when you can do it very easily. So I think,
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you know, if I'm hearing three or four people a day on my substack,
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that means it's thirty or forty million people across the country thinking about doing
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something like that. So yeah, it could. It could generate tangible wealth
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for Trump. Although you know, when you own already taken a meme stock,
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you can't get your money out because if you sell it, it'll collapse.
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So we'll have to see how that plays out. But maybe he can
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borrow against it, like you said before we went live, or maybe he
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is able because of his relationship with his stockholders. He's able to sell the
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stock and in effect transfer it to them, and that allows him to get
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the money to do it say whatever finds yeah, yeah, and and that
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allows him to finance his presidential campaign the rest of it, because they don't
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have as much money as the Democrats. Right now, but I need it
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Trump. If Trump says, well, I'll tell us a billion at this.
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You know, I have so much money, let me just pay a
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billion dollars on my campaign. And he uses that as a way to brag,
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which he likes to do about his money. Then all of a sudden,
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they've got more money than the Democrats. And have you seen any of
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the pro Trump and the anti Biden ads that are floating around. Oh my
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god, they're they're they're like devastating. They are. Yeah, they're just
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devastating. There's one that I mean, you know, I totally responded to
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it, but but I didn't want to because it was an awful lot like
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what was the Hitler's filmmaker, you know, molord, No, no,
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no, no. This was one where it was we are the strongest people
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in the world, and there is a darkness coming and we will find you
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know. It was one of those which could have been the rise of Nazi.
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But but I totally responded to it, you know, I was.
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I was pumped after I saw it, So, you know, so it
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fits today while being uncomfortably like some things for more past. But there's a
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bunch of Trump bands like that and there's there's one I think might be the
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best of all. There was a woman on his I guess it was a
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TikTok video who said, well, I just went on Trump's website and and
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here's what he wants to do, and he's going to close down the education
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Department, and he's going to build a wall across our southern border. You
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know. She named all the things he wants to do. Oh yeah,
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and it was beautiful. It was like any any you know, Trump supporter
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would look at like see that and think, Okay, that's the man I
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want, you know. And but that wasn't Actually that was an un anti
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Trump video, but it sounded like the perfect pro Trump ad to people,
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you know, on our side of the political spectrum. So there's just a
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lot of them out there. So I don't think the Trump campaign needs an
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awful lot of money when they've already made the ads that could win the election
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for him, they just get them out there somehow. So fascinating times an
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election. Jackison, Yeah, well, hey, we we would be remiss
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if we didn't mention the fact that today the Appellate Division, First Department of
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the Supreme Court of the State of New York. And you've got to understand
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the way the courts worked there, the structure. I'll explain it briefly,
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but they basically cut Trump's bond requirement from four hundred and fifty four million to
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one hundred and seventy five million, and this is being perceived as a win
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for Trump. So in New York, the trial court is the Supreme Court.
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The intermediate appellate court is the Appellate Division. The Appellate Division has four
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departments. First, being in Manhattan, covers just Manhattan in the Bronx,
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The second covers the second department covers the other boroughs in New York and Long
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Island and Westchester County and a few upstate counties. Third departments Albany and Upstate.
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Fourth department is like Buffalo and Erie County and the counties adjoining that.
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So I had a lot of experience in the first department. My company rented
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up cases on appeal. That was our largest court that we dealt with.
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I knew the clerks, they were well and the judges. Historically that has
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been a very hot bench, meaning they actually read the stuff that comes to
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them, and the very competent and very you know, definitely tilt's left,
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but left with a brain and kind of like I would call a Second Amendment
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Democrat. So but here they cut it. I think Trump really he could
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have gotten that other bond, but not in the form of a bond.
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He would have had to have gotten a letter of credit from a bank.
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Letter of credit generally is acceptable as security. So a lot of mischaracterizations John
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about exactly what's happening here. And you have to understand, all the bond
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does is stay the plaintiff, in this case, the State of New York
14:56
from enforcing the judgment, which means proper seizures, bank accounts, all that
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stuff. That's all it does. If he didn't post the bond, he
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still could have pursued the appeal, but then if he won, he would
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have to like go to New York State and get his stuff back, and
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you can only imagine what that would be like. So this is a victory
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for him. Still don't think he can get anyone to post a bond,
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But what he'll do is basically a letter of credit is what I would anticipate.
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So but the point is, this isn't going to happen. In case
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they take three to six months sometimes longer to decide an appeal at the Color
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Division. So it's very possible that come to November fifth, or whatever election
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day, the day after election day, the decision comes down. Then my
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prediction is they can't totally exonerate or absolve Trump. What they'll do as a
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slap on the wrist, which is ten twenty million dollars slap on the wrist,
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pretty much nothing for Trump. And so they can have the judge keep
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face to some extent, although that's an impossibility at this point. But for
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them them to save face and for the Letitia James to save face, they
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say, well, we got twenty millions, so you know we were on
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to something, we were right, and we just don't agree with how much.
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That's what's going to happen in the end here, John. They won't
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just let them go. It'll appeal it to the Supreme Court. Supreme Court
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won't know it's discretionary what they want to hear. They won't hear the case
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if it's down to ten at twenty million, there's just nothing in it for
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them to do it. Yeah, okay, well, I think so many
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of these things are just going to peter out. They will either be delayed
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beyond the election, or they'll just kind of fizzle and then you know,
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then it will be an actual election without all this other stuff in it,
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and that that's when the false flag happens. We don't know what it's going
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to be, yeah, but it's going to be something. Yeah. Yeah,
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Well we've already got Europe. France, France, you know, like
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not you like military superpower, said they're going to send sixty thousand troops to
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Ukraine. I don't know if this is a trial balloon, but if they're
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sending them, that means England's going to send them for sure, and Germany
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and probably Italy and probably these Eastern European countries like Poland and you know,
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all the other all the other former Soviet satellites because they want payback. This
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is getting tribal now, this is really tribal at this point where Europe to
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send troops in there, it's really broken down to the point where whatever the
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underlying issues were, it's kind of like the Hatfields and the McCoys. They
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killed each other for decades to the point where the people who are killing themselves
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not that long ago didn't even know why they were fighting but they just knew.
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They hated the hat Fields, hated the McCoys, and the McCoys hated
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the hat Fields. And that's what this is about. Okay. I would
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disagree with you on that and say that this is about the aristocracy that runs
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most of the Western world wanting World War three because they believe there are benefits
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for them. You know, they got their end of the world bunkers in
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New Zealand and everything. They're not really worried themselves about this happening, but
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they see ways to turn this to their benefit. You know. That's the
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crisis that allows them to declare martial law, or that's at least the crisis
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that allows them to you know, delay and or steal whatever elections are threatening
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them. So yeah, I think they're they're deeply threatened by the rise of
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populism and they want to put a stop to that, you know, and
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a shooting with a nuclear power will distract everybody to a point where they're able
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to get a lot of stuff done, you know. And I think that's
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the rational because as you know, you wouldn't you wouldn't at your Poland you
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don't want a nuclear war with Russia. That's not a good thing for you.
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But if the guys in charge of the economic union of which you're apart
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ordered you to do it, maybe you feel like you have to. And
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you know this macron Oh my god, you know who is who's worse?
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The guy Canada or the guy running France. You know that would that that
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would be one for one of those i'm X things where they put it up
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and let you vote, you know, one of those polls, because I
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personally hard to tell which one is worse. I always said that containing Russia
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was really, in the long run, all about containing China, stopping China's
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growth, stopping them from becoming the hegemon of the new World order. They
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weren't going to allow it. And all of what's going on there with their
20:07
economic collapse, it's all engineered and by design. Yeah, I mean,
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the bloodthirsty people who are running the US government would love to be able to
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take all the other big pieces off the chessboard. And yeah, you know
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the idea that doing something that allows them to declare martial law at the same
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time it hobbles China to the point where China maybe dissolves. You know,
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that would be a win win from their point of view, and they're you
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know, in the Ukraine case, they're ignoring four hundred thousand dead Ukrainians because
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they really don't care. In China's case, you know, there may be
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millions or tens of millions die in the process of this, and they still
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think that would be worth it. So these are evil people, and they
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are largely in charge. I don't think you know by and is deciding any
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of this, and so I really worry with the election coming up, that
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gives them a deadline. And that's what worries me most is that they feel
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like they need to make something happen now, and that when you're under deadline,
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you tend not to think long term because you got this thing right in
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front of you that you've got to deal with. And so that's that's I
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think the story of the next six or so months is what crazy thing is
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going to happen. The changes the current electoral calculus where one side is likely
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to win. If they have the election today, it's clear that would win.
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How do they change that and what big thing do they implement that?
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So I don't know. Whatever they're going to try, it's going to be
21:42
very scary and you know what, we haven't had our cyber attack yet that
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we've been waiting for for all this time, so it could easily be just
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something that shuts down the banking system for a little while and then oh,
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we can't be yes, we can't change horses in the middle of a financial
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praise of the stream, you know that kind of thing. That would be
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the that would be the sales pitch. Yeah, well, I guess they
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have a point, but yeah, no, I agree with you. It's
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all the elites who are choreographing orchestrating everything that's happening. And you know,
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Putin is not exactly a sympathetic character. You know, he just looks like
22:22
a killer a stone could they never are That's part of the whole central casting
22:29
aspect of this. They picked the guys that he's scariest, because remember it
22:32
was Sadan Hussein for a long time. He looks like a monster. And
22:37
then came Assad, who's a very scary guy in Syria, and you know
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he was he was the Great Satan, and somewhere along the line there was
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Molmar Kadaffi too, and then Trump and then the Great and then came Trump.
22:49
Well then now there's a partnership between Trump and Putin. In the minds
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of the guys who were manipulating public opinion, you know, they well we
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all know Trump is a Russian uh double agent? Right? Yeah, well,
23:03
I mean that see Putin was there the next Hitler, and they decided
23:10
they were going to tie Trump to Hitler. And you know, it's I
23:12
think it's understood now, right, is it that Hillary Clinton her campaign created
23:18
the Steele dossier. Oh yeah, there's no question, brought us to the
23:22
FBI and lied to the FBI about it. So they engineered this whole thing.
23:26
But that was that was part of it. Russia. You know,
23:29
Putin was a guy that Hillary Clinton disliked deeply, and so was Trump.
23:34
So tying them together was a really nice piece of political jiu jitsu from their
23:40
point of view. I'm sure they're very proud of that idea where we came
23:41
up with it. But you know, now, but it didn't it didn't
23:45
completely work. Putin is winning the the Ukraine War and Trump is ahead in
23:52
this election. So now what that's that's the question. What we're indous thing
23:56
is going to happen that changes all of that, And I you know,
24:00
shuddered a bank what it would be, because it's got to be something pretty
24:03
big at this point in the process. It's a it sounds like it's a
24:08
doubleheader there for the comedies. He got Trump and putin, you know,
24:15
the nightmare scenario, and you got to figure, like, I don't know
24:19
if Trump's really vindictive or not. His first term, he just wanted to
24:23
work with the deep state and you let me do my thing, I let
24:27
you do there yours. But now after all that's transpired, I got to
24:33
believe he's going in there with a wrecking ball and they know it, and
24:37
they're none too thrilled about it. Well that see, that's got to be
24:40
part of what's motivating the deep state. And because you know, they're they're
24:45
thinking out about what they would do right, and they would come in and
24:49
they they were given the power to do it, they would just eliminate everybody
24:53
who disagreed with them one way or another. And so they're looking at Trump
24:57
and thinking, wow, you know, if he gets a just late of
25:00
the majority and wins the presidency, he's going to come after us, you
25:04
know. And so he's got a challenge to control that impulse because we don't
25:11
want what we don't want is for the US to become a banana republic where
25:15
it's normal for the winner in every election to purge all of their opponents.
25:21
So he's got a it's going to do this right. He's got to go
25:23
after the people who really truly deserved what they're going to get, and where
25:30
there's evidence that's absolutely incontrovertible. Okay, you know none of this made up
25:33
stuff, and that's not everybody. That's relatively few. You could you could
25:41
probably convict Hillary Clinton of a political crime over the still dosiology that's run.
25:47
Yeah, it's a run for Hillary. Too bad, because that is one
25:51
that looks legit from a legal standpoint. Anyhow, you know, Trump,
25:56
if he wants to confound everybody will come out and be a state then where
26:00
he doesn't stage show trials or anything, and he doesn't go out there and
26:04
try to destroy lives, and he does the stuff he got elected to do.
26:08
He builds that wall, He rounds up all the illegals and puts them
26:12
back in Mexico so they can get in line and come in legally. You
26:15
know, he does those things and and and gets brings jobs back from China,
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stuff like that. Yeah, you know, the things that the things
26:25
that his people really want. Yes, he Well he would be and this
26:27
is a bizarre thing for me to say. He would go down in history
26:32
as a great statesman. You imagine Donald Trump, you know, being being
26:34
one of history's great statesmen. But you know, if he does it right,
26:38
he has a chance here to do something like that where where people look
26:42
back at what he could have done and see what he actually did do and
26:48
and they're actually impressed. You know. So that's his that's his opportunity.
26:52
All right. Well, hey, I think we got a couple other Uh,
27:00
I think we've covered enough for now. I think we will leave it
27:04
at that. Make sure you go over to John's substack Orbino dot substack dot
27:10
com, visit our other site, our sisters site, Inflation dot Cafe,
27:17
and of course make sure you go to Financial Survival Network dot com sign up
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for free newsletter if you haven't already. John, We will talk to you
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in a couple of weeks. Any questions or comments shoot me an email kl
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at carrie lets dot com. Feel free to leave ample comments on the YouTube
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channel. John talk to you a couple of weeks. See care. Thanks
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for listening to Carrie Letz's Financial Survival Network your solution to today's trying times.
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