Latest / Financial Survival Network / China’s Casino Economy Exposed - Thomas J. DiLorenzo #6179

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China’s Casino Economy Exposed - Thomas J. DiLorenzo #6179 · Financial Survival Network

0:00
Speaker 1: People will make some money. People are investing more. There's
0:03
Speaker 1: the stock prices in the American casinos got a big
0:07
Speaker 1: boost a week or ten days ago because of this
0:10
Speaker 1: announcement by the I think it's called the People's Bank
0:13
Speaker 1: of China, the Central Bank of China. And whenever I
0:16
Speaker 1: see the word People's I always know that the people
0:19
Speaker 1: have nothing whatsoever to do with it. Whatever the politicians
0:22
Speaker 1: give anything a name like that, if you don't create
0:25
Speaker 1: a boom, a temporary boom, and all the investors will invest,
0:31
Speaker 1: and they already have, and but you know there's a
0:33
Speaker 1: big risk, but the boom will bust eventually because it's
0:37
Speaker 1: not genuine prosperity as being created. It's just a temporary
0:41
Speaker 1: sort of political prosperity by the Chinese Central Bank.
0:44
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1:04
Speaker 2: Financial Survival Network now more than.
1:08
Speaker 3: Ever, and welcome you are listening to and watching the
1:15
Speaker 3: Financial Survival Network I'm your host, Carrie Lutz. Hey got
1:19
Speaker 3: a special treat for you today. Thomas Jay de Lorenzo
1:23
Speaker 3: is with us from nieces dot Org, and we're talking
1:27
Speaker 3: China and recent publication by him Casino Economy, and Tom,
1:34
Speaker 3: it's great to have you on the show. So we're
1:37
Speaker 3: talking pre call. We see these third world economies make
1:42
Speaker 3: humongous strides, and the reason they make these strides is
1:48
Speaker 3: vastly misunderstood by the public at large, probably probably more
1:54
Speaker 3: by deliberate than by accident. But they make these huge
1:59
Speaker 3: strides and then they inevitably crash and burn, like Japan,
2:04
Speaker 3: like China, like many countries in Europe and Western Europe.
2:10
Speaker 3: Isn't this just proof that in the end, the best
2:15
Speaker 3: solution we have to improving living conditions, improving people's people's lives,
2:23
Speaker 3: is through the free market.
2:25
Speaker 1: Well, sure, I think what China is doing recently is
2:30
Speaker 1: they're imitating our federal Reserve. When you see some of
2:33
Speaker 1: these countries like you mentioned, have sort of temporary bursts
2:37
Speaker 1: of affluence. What was like us in the US in
2:41
Speaker 1: the early two thousands after the stock we had a
2:44
Speaker 1: bit of a stock market crash in two thousand and
2:47
Speaker 1: the government responded by trying to create a bubble, another
2:50
Speaker 1: bubble in housing, which it did in that bubble burst.
2:54
Speaker 1: And so for years, many years, I've been calling the
2:57
Speaker 1: FED our central playing agency. They have their fingers involved
3:02
Speaker 1: in and regulating almost all aspects of every financial transaction
3:07
Speaker 1: in the country. And in the Chinese Central Bank, which
3:11
Speaker 1: is run by the Communist Party. Uh, you know, in
3:14
Speaker 1: the last week or so, they're doing the same thing.
3:16
Speaker 1: They're they're they're, they're they added the equivalent, according to
3:20
Speaker 1: news reports, of about seventy billion dollars into their banking system,
3:24
Speaker 1: and they're hoping that'll create a bit of a bubble
3:27
Speaker 1: and more affluence and that. And then they're hoping that
3:30
Speaker 1: people will spend some of that money that they that
3:32
Speaker 1: they're supposedly going to make in the gambling casinos in Macau.
3:36
Speaker 1: And so American investors have blooded uh, have been buying stocks,
3:41
Speaker 1: you know, increasing the purchase of stocks in the in
3:44
Speaker 1: the American casinos that exist in Macau. And and that
3:48
Speaker 1: seems to be their plan. So yes, we'll probably see
3:50
Speaker 1: this burst of affluence that is temporary, and it's it's weird,
3:56
Speaker 1: you know, it's the jepe. The Chinese communists saying, oh,
4:01
Speaker 1: these other FED operates is how the Americans do it.
4:03
Speaker 1: Let's imitate that, And they're imitating so, you know, one
4:06
Speaker 1: of the worst examples of what we do to our
4:09
Speaker 1: economy here creating boom and bus cycles through monetary expansion
4:14
Speaker 1: by the Fed.
4:15
Speaker 3: You know, it's they're learning exactly the wrong lessons. It
4:19
Speaker 3: looked like they were going to avoid the mistakes that
4:24
Speaker 3: the Japanese had made, you know, earlier in the eighties
4:29
Speaker 3: and nineties, and yet they're making all the same mistakes.
4:33
Speaker 3: The only maybe good thing they're doing is is perhaps
4:37
Speaker 3: buying up gold.
4:38
Speaker 1: Yeah, yeah, that's about I remember. I remember the Japanese
4:43
Speaker 1: what they was supposed to be the savior of the
4:44
Speaker 1: world about nineteen eighty or something like that. But then
4:48
Speaker 1: they basically adopted Keynes and economics. They decided, well, we
4:51
Speaker 1: can spend to get the government to spend us all
4:55
Speaker 1: into prosperity. And then, of course, look how that worked out.
4:59
Speaker 1: They had a you know, they have very very long,
5:02
Speaker 1: what was a twenty year recession basically in Japan. And
5:06
Speaker 1: so that's that's where they were. And like I said,
5:10
Speaker 1: the Chinese seemed to be thinking that, well, we should
5:14
Speaker 1: we should ape or imitate the American Fed, and which
5:18
Speaker 1: which all the other central banks of the world have
5:20
Speaker 1: done for decades and with the same result. And I
5:24
Speaker 1: think that's you know, the old definition of insanity. You
5:27
Speaker 1: keep doing the same thing over and over again with
5:29
Speaker 1: the same bad result. But politically, everything, you know, everything
5:33
Speaker 1: is shortsighted in politics. Politicians are always interested in the
5:37
Speaker 1: next election in the democratic countries, and so that's why
5:41
Speaker 1: it works for them.
5:41
Speaker 4: They get all they want to do.
5:43
Speaker 1: Is pump up the economy now because I had an
5:45
Speaker 1: election coming up. And I think that's why Powell, for example,
5:49
Speaker 1: uh you know, tried to orchestrate a minor interest rate
5:55
Speaker 1: a couple of weeks ago to help the Kamala Harris campaign.
5:59
Speaker 1: And so in the other countries do much of the
6:02
Speaker 1: same thing. It's called the political business cycle and the
6:05
Speaker 1: economics literature.
6:07
Speaker 3: So it's a happy days are here again.
6:09
Speaker 1: Huh yeah, temporarily until the bus comes.
6:14
Speaker 3: Yeah, Well, eventually the piper has got to get paid.
6:17
Speaker 3: How do you see this whole thing unwinding here?
6:22
Speaker 1: Well, I think people will make some money. People are
6:25
Speaker 1: investing more. There's the stock prices in the American casinos
6:29
Speaker 1: got a big boost a week or ten days ago
6:32
Speaker 1: because of this announcement by the I think it's called
6:35
Speaker 1: the People's Bank of China, the Central Bank of China.
6:38
Speaker 1: And whenever I see the word people's I always know
6:41
Speaker 1: that the people have nothing whatsoever to do with it.
6:43
Speaker 1: Whatever the politicians give anything a name like that, if
6:47
Speaker 1: you don't create a boom, a temporary boom, and all
6:51
Speaker 1: the investors will invest, and they already have, and but
6:56
Speaker 1: you know, there's a big risk, but the boom will
6:57
Speaker 1: bust eventually because it's not it's not genuine prosperity is
7:01
Speaker 1: being created. It's just a temporary sort of political prosperity
7:05
Speaker 1: by the Chinese Central Bank in my view.
7:08
Speaker 3: So you know, like, here's the question, peers. In America,
7:13
Speaker 3: the stock market is the greatest the wealth creation mechanism
7:18
Speaker 3: ever created known to man. But does it really create
7:22
Speaker 3: wealth or is it something else at play here?
7:27
Speaker 1: Well, no, it redistributes wealth to the stock market investors,
7:31
Speaker 1: the real estate industry, and the banking industry, and people
7:35
Speaker 1: who make the big, big money through the stock market.
7:39
Speaker 1: But just look at the average American today. You know,
7:41
Speaker 1: if you say we're creating tremendous wealth with the average
7:45
Speaker 1: American today that's complaining about gas prices and food prices.
7:48
Speaker 1: They can't pay the rent. And the young people get
7:52
Speaker 1: out of college and they say things like I can
7:54
Speaker 1: never see being able to afford to buy a house
7:57
Speaker 1: and things like that. But then yeah, the the Wall streeters,
8:00
Speaker 1: the speculators and real estate people with the artificially low instrates,
8:05
Speaker 1: they do very well. But you know, prosperity is created
8:10
Speaker 1: by saving money, investing money, working and producing. That's what
8:17
Speaker 1: creates prosperity. But the financialization is financialization. It's not prosperity.
8:23
Speaker 1: It's just a means to an end, which could be,
8:27
Speaker 1: you know, help us along to become prosperous. We need
8:30
Speaker 1: the financial sector, we need the banking sector. But it's
8:33
Speaker 1: sort of become an end in itself in recent years,
8:38
Speaker 1: and it hasn't really spread the wealth that much. So
8:41
Speaker 1: that the college kids that were they're rioting and protesting
8:45
Speaker 1: over the one percenters years ago, they did have a
8:49
Speaker 1: points and I think that's why a lot of them
8:52
Speaker 1: hopped on the Ron Paul bandwagon. When Ron was running
8:55
Speaker 1: for the Republican nominee eight in twenty twelve, that he
9:00
Speaker 1: was beating up on the fed as creating this system
9:04
Speaker 1: of where yeah, the one percent of we're getting most
9:06
Speaker 1: of the benefits from the system.
9:10
Speaker 3: Well, there's a rumor circulating that in the potential next
9:15
Speaker 3: Trump administration that Ron Paul is going to have a
9:19
Speaker 3: major job there, maybe a Treasury.
9:23
Speaker 1: Well, just just a couple of days ago, Elon Musk
9:27
Speaker 1: contacted Ron Paul and asked him, would you have care
9:30
Speaker 1: to have a meeting talk about this Government Efficiency Commission?
9:34
Speaker 1: And Ron said yes, I'd be glad to And in
9:38
Speaker 1: three hours it had on on X it had four
9:41
Speaker 1: million views.
9:43
Speaker 4: Love that.
9:44
Speaker 1: So there's a lot of people who got very excited
9:45
Speaker 1: with it here that Ron is still alive in kicking
9:49
Speaker 1: and willing to engage in battle.
9:51
Speaker 3: Wait, government efficiency, Isn't that a lot like jumbo shrimp
9:56
Speaker 3: and youl?
9:58
Speaker 4: Yeah?
9:58
Speaker 1: Or vert diligence.
10:00
Speaker 3: Yeah, I mean, like, let's get real here.
10:04
Speaker 1: Well wrong, We'll probably would probably tell him the only
10:06
Speaker 1: way to make government efficient is to abolish as much
10:10
Speaker 1: of it as you can. I doubt if Rad is
10:13
Speaker 1: not going to tell him to do this or that
10:14
Speaker 1: to make bureaucrafts more efficient.
10:16
Speaker 3: Well, I suggest that anybody who's listening or watching this
10:23
Speaker 3: try this exercise go to chat EPT and tell it
10:27
Speaker 3: that you want to cut two trillion dollars off the
10:30
Speaker 3: US economy and you don't want to raise taxes, and
10:34
Speaker 3: how would you go about doing it? And you will
10:36
Speaker 3: get a list of hundreds of useless government agencies, redundant
10:43
Speaker 3: government agencies. The only the only department that didn't show
10:48
Speaker 3: up on that list was the Department of Redundancy Department.
10:52
Speaker 4: Yeah, yeah, well we've got what do we have?
10:56
Speaker 1: We have something like eight hundred military installations all around
10:59
Speaker 1: the world. That would be easy pickings there, to be sure.
11:03
Speaker 1: When Ron Paul was first running for the Republican nomination eight,
11:08
Speaker 1: he made the point that if we just abolish the
11:10
Speaker 1: income tax and replaced it with nothing, that the federal
11:14
Speaker 1: budget would be I thought, if I've got the exact date,
11:17
Speaker 1: but it would be about what it was around fifteen
11:20
Speaker 1: years earlier. And even then, fifteen years earlier, the government
11:25
Speaker 1: was grossly bloated, you know, far beyond the constitutional limits
11:30
Speaker 1: of what government should be doing. And that would have
11:34
Speaker 1: created tremendous prosperity and solved a lot of problems.
11:38
Speaker 4: But it's not as nearly as.
11:40
Speaker 1: Cataclysmic as you know, the establishment would make it out
11:44
Speaker 1: to be if we were to do.
11:45
Speaker 3: That, Hey, how about if we get the federal government
11:49
Speaker 3: right now currently owns forty five point four percent of California,
11:55
Speaker 3: which is forty eight million acres. Now, if they could
11:59
Speaker 3: get one thousand dollars an acre, it would be forty
12:03
Speaker 3: eight billion, ten thousand, four hundred and eighty billion. All
12:07
Speaker 3: these other states that the federal government owns most of
12:12
Speaker 3: that was never intended by the Constitution or any anything
12:16
Speaker 3: that annects these states for the federal government to own.
12:21
Speaker 1: You know, I think Nevada is even more extremely I
12:23
Speaker 1: think it's more closer than ninety percent of us z
12:26
Speaker 1: owned by the federal government. That's why if you go
12:29
Speaker 1: to Vegas, you get on the rooftop of one of
12:31
Speaker 1: these hotels where they have a restaurant, you see all
12:34
Speaker 1: the houses and the buildings that all of a sudden
12:37
Speaker 1: it's cut off and there's nothing. It's like a straight line,
12:40
Speaker 1: and that's where the government owned land starts. And so
12:44
Speaker 1: that's that's why Vegas real estate is so expensive, is
12:48
Speaker 1: there's more people want to live there, but there's no
12:50
Speaker 1: more They're running out of a room, and you have to
12:53
Speaker 1: build up in not out.
12:55
Speaker 3: A Colorado, Alaska. Nobody wants to live in Alaska anywhere
13:00
Speaker 3: to speak of. But you know, Idaho, Idaho is a
13:04
Speaker 3: nice state. A lot more people would go there if
13:06
Speaker 3: it was cheaper. Yeah, Nevada is eighty percent and god Utah.
13:13
Speaker 3: Another state, Wyoming, and it's it's just and they do
13:20
Speaker 3: a lousy job of keeping these lands of mesas. Dot
13:24
Speaker 3: Org has written numerous articles comparing private land ownership to
13:29
Speaker 3: government landownership, and there's no comparison. The fact is that
13:36
Speaker 3: private ownership is far superior.
13:39
Speaker 1: Sure, people always take better care of their own property,
13:43
Speaker 1: especially when they if you look at the timber companies
13:46
Speaker 1: and all that, there are timber companies that replant after
13:51
Speaker 1: they cut, They replan with what are called super trees
13:54
Speaker 1: and mature in like ten years because it's their assets.
13:57
Speaker 1: It's you know, their property is their asset, and if
14:00
Speaker 1: they despoil their asset, they're throwing money down the toilet,
14:04
Speaker 1: their own money. Whereas when the government gets involved and
14:07
Speaker 1: they lease some of the federal lands to the sort
14:10
Speaker 1: of politically connected companies that do this, they practice something
14:14
Speaker 1: called clear.
14:14
Speaker 4: Cutting, where they they just you know.
14:17
Speaker 1: Pull all these trees out by the roots, drag them
14:20
Speaker 1: down the side of the mountain and bring them to
14:22
Speaker 1: the lumberyard and they don't replant anything because it's lot
14:25
Speaker 1: their property.
14:26
Speaker 4: They don't own it.
14:27
Speaker 1: They're leasing it from the government, and as it makes
14:29
Speaker 1: a huge difference, and it creates a lot of problems,
14:32
Speaker 1: especially in the West, like you just mentioned, with the
14:35
Speaker 1: government owning all this property out there. But one of
14:38
Speaker 1: the reasons why they own it is that the example
14:40
Speaker 1: I just gave is that it's patronage. They can they
14:43
Speaker 1: can win political support in votes, especially money campaign contributions
14:49
Speaker 1: from farmers, ranchers, the timber companies by leasing in this
14:54
Speaker 1: land on the cheap below the free market price would be.
14:58
Speaker 1: And they use it as a sort of political tool.
15:01
Speaker 3: Oh for sure. Even Georgia and Florida thirteen percent owned
15:05
Speaker 3: by the federal government. I mean, this is just the
15:09
Speaker 3: very definition of madness. Say one story that just came
15:13
Speaker 3: up talking about government overreach and it's become a meme.
15:17
Speaker 3: It has stormed, the Internet's broken. It is the story
15:21
Speaker 3: of these people. They rescue wild animals, take care of
15:27
Speaker 3: him in New York. They have a nonprofit and five
15:31
Speaker 3: or ten people from the New York State Department of
15:35
Speaker 3: Conservancy knock on the door, guns drawn, they have a warrant.
15:39
Speaker 3: They take their wild squirrel, who is the most popular
15:43
Speaker 3: squirrel on the internet, and their raccoon. The squirrel's been
15:47
Speaker 3: with them for seven years and they take them and
15:51
Speaker 3: then they kill them.
15:53
Speaker 1: And this is like, okay, does Chris is cruel and
15:58
Speaker 1: heartless and uh and it sounds like, you know, the
16:04
Speaker 1: the FBI raid on mar Alogo. But it's after a
16:07
Speaker 1: squirrel and a raccoon, you know. And what I read
16:10
Speaker 1: was there armed police that held you the homeowner outside.
16:13
Speaker 1: He would stay outside and he had to go to
16:15
Speaker 1: the bathroom during the five hour search of his house
16:19
Speaker 1: for more squirrels, and he had to have a police
16:22
Speaker 1: escort to go into his own bathroom in his house
16:25
Speaker 1: during that five hour period. And that's truly a you know,
16:28
Speaker 1: government out of control, you know what, what what more
16:32
Speaker 1: can you say? That's that's so the Soviet Union is
16:36
Speaker 1: what we've turned into when things like this can happen
16:39
Speaker 1: to us.
16:40
Speaker 3: Yeah, this is absolutely mind boggling. And in some bureaucrats
16:45
Speaker 3: mind though, this was all justified and and well and good.
16:51
Speaker 1: Well, the bureaucrats are always always all about justifying their
16:54
Speaker 1: budgets and their existence. And so they always they're always
16:59
Speaker 1: flouding and scheming to create the perception of some sort
17:03
Speaker 1: of horror, perception of some sort of crisis. A civil
17:07
Speaker 1: society is always attacked. Private enterprise is attack. We need
17:10
Speaker 1: bureaucrats to protect us from from everything, even a squirrel
17:15
Speaker 1: in our house. Like I said, there was the argument
17:17
Speaker 1: they gave is, well, they don't want rabies to spread.
17:20
Speaker 1: Like you said, the squirrel lived in this guy's house
17:22
Speaker 1: seven years, you thought it would have spread rabies at
17:25
Speaker 1: some point during that time of that rabies.
17:28
Speaker 3: Oh yeah, it's always you know, when the government does
17:31
Speaker 3: these things, it's always for your own good, right, Yes,
17:35
Speaker 3: it's not because of their their power crazed, you know,
17:39
Speaker 3: insane bureaucrats. They're there to help, right was Reagan's the
17:44
Speaker 3: old thing, the scariest words in the English language. High
17:48
Speaker 3: and from the government are here to.
17:49
Speaker 1: Help you, my colleague here at the mess Institute, Mark
17:53
Speaker 1: Thornton was written, sure, I only articles on the war
17:57
Speaker 1: on drugs, and he made makes the argument that when
18:01
Speaker 1: you read about the war on drugs and people breaking
18:04
Speaker 1: down someone's home and saying sometimes it's the wrong home,
18:08
Speaker 1: and then they brush in and they take everything, and
18:11
Speaker 1: they confiscate your car, and you know, beat up your
18:14
Speaker 1: dog or shoot your dog and do all this. It's
18:18
Speaker 1: one of the things they're doing is they're teaching all
18:20
Speaker 1: the rest of us a lesson. You disobey and this
18:22
Speaker 1: can happen to you, not just about drugs, but anything.
18:26
Speaker 1: And so that's what I thought of when I saw
18:28
Speaker 1: this story about these these government thugs breaking into this
18:33
Speaker 1: guy's home and killing his pets, is they're sending a
18:36
Speaker 1: message you disobey us over anything, and this can happen
18:40
Speaker 1: to you, and it's time but that we stop that.
18:44
Speaker 1: And in one way or another, we can't have that.
18:46
Speaker 1: That's that's not in the public interest. Like these bureaucrats say,
18:50
Speaker 1: there are the criminals in doing this.
18:53
Speaker 3: Yeah, the constitution means nothing, and you get some judge
18:57
Speaker 3: to rubb or stamp it. I mean, I practice law
18:59
Speaker 3: for years and I saw a lot of travesties take place. Yeah,
19:04
Speaker 3: legal travesties. It's the legal ones that scare me a
19:08
Speaker 3: lot more than the illegal ones. Yeah, well, I guess,
19:13
Speaker 3: I guess we continue on. Is there any way to
19:16
Speaker 3: avoid the ultimate collapse? Do you think Tom and Well
19:19
Speaker 3: I've been preaching secession for a long time. Rather, maybe
19:23
Speaker 3: after I'm gone, we'll see that in this country of
19:25
Speaker 3: people find some parts of the country or already you know,
19:29
Speaker 3: sort of de facto seceding in small ways from the
19:32
Speaker 3: federal government nothing else. Moving out of New York to
19:35
Speaker 3: Florida or something like that is sort of They call
19:39
Speaker 3: it soft secession in some circles, as where there are
19:43
Speaker 3: some places in America where there's a little more freedom
19:46
Speaker 3: than others, and so that's happening.
19:48
Speaker 1: But I think, well, someday we'll see a full blown secession,
19:52
Speaker 1: and hopefully we'll have a president who's more like Mikhail
19:55
Speaker 1: Gorbachev than like Abraham Lincoln, and it will just throw
19:58
Speaker 1: up his hands and give up.
20:00
Speaker 3: Let people walk away in peace. Hey, you know it's
20:04
Speaker 3: I did the same thing. I left New York after
20:07
Speaker 3: being there for thirty plus years, and I never looked back.
20:11
Speaker 3: The only thing I missed there is the pizza and
20:14
Speaker 3: the bagels and a couple other things, and my kids.
20:19
Speaker 3: But one day they'll be following me. Here this note.
20:22
Speaker 1: I used to live in Florida and the New Yorkers
20:25
Speaker 1: would come down and complain about the lack of good
20:27
Speaker 1: pizza and bagels. And I never understood it because New
20:31
Speaker 1: Yorkers have been immigrating to Florida for decades and there
20:34
Speaker 1: are a lot of good New York based pizza and
20:36
Speaker 1: bagel places in South Florida. Well, if you look for them,
20:40
Speaker 1: you can find I mean, I can go right at home.
20:44
Speaker 3: I know, but they're just not it's not as good,
20:46
Speaker 3: but you know it's But if that's the biggest price
20:51
Speaker 3: to pay for moving to Florida, and what you gain,
20:53
Speaker 3: I mean the Second Amendment alive and well embraced here,
20:58
Speaker 3: and and the federal government to offer to send election
21:04
Speaker 3: monitors here and our governor told them to stick it.
21:09
Speaker 3: And so it's amazing that Florida could be heading in
21:13
Speaker 3: the right direction relatively speaking. Believe me, there's still way
21:18
Speaker 3: too much government here in Florida, and most of it corrupt,
21:22
Speaker 3: But because we don't have a state income tax, at
21:25
Speaker 3: least there's less of it.
21:26
Speaker 4: Right.
21:27
Speaker 1: That's right, That's very important, and that's something that needs
21:31
Speaker 1: to be kept in place forever in Florida. That's going
21:34
Speaker 1: to maintain any settlas freedom. And a number of other
21:37
Speaker 1: states also that I like Tennessee doesn't have a state incltry. Yeah,
21:41
Speaker 1: nine state ashmill is becoming so popular, right, And it's
21:47
Speaker 1: it's also the lack of red tape, you know.
21:49
Speaker 3: Sometimes sometimes the lack of regulation in Florida, like when
21:53
Speaker 3: it comes to homeowners insurance other types of insurance. It's
21:59
Speaker 3: it feels like it's not for the best, but all
22:02
Speaker 3: the other benefits that come with it. I'll take it
22:05
Speaker 3: any day of the week for sure. Tom. Tell me
22:08
Speaker 3: how we connect with you, how we find you on
22:10
Speaker 3: the web. I know you're on mess dot org, but
22:13
Speaker 3: where else do we find you?
22:14
Speaker 4: Oh?
22:15
Speaker 1: I'm a column this form Lou Rockwell dot com. You
22:17
Speaker 1: can see my articles on Lou Rockwell dot com and
22:20
Speaker 1: you can check out my Amazon page. And I've written
22:24
Speaker 1: a whole bunch of books. The latest is called The
22:26
Speaker 1: Politically Incorrect Guide to Economics, and you can check me
22:30
Speaker 1: out on Amazon or Lou Rockwell dot com.
22:32
Speaker 4: It's a man's name.
22:33
Speaker 1: Lou is a founder of the Mesas Institute.
22:36
Speaker 3: I know, and hey, we're grateful. I've had Lou on
22:40
Speaker 3: the show a number of years ago. Have to have
22:42
Speaker 3: them on again. Appreciate you coming on. If you've got
22:45
Speaker 3: a question for Tom myself, shoot me an email. K
22:48
Speaker 3: l at Kerrie lets dot com. The link to com
22:52
Speaker 3: sites is in the show notes to this interview on
22:56
Speaker 3: Financial Survival Network dot com. When you go there, please
22:59
Speaker 3: sign up for your free newsletter like we're up to
23:02
Speaker 3: fifty thousand subscribers now. Really appreciate you coming on, Tom.
23:06
Speaker 2: Thank you, thanks for having me gery, thanks for listening
23:08
Speaker 2: to carry Letz's Financial Survival Network, your solution to today's
23:13
Speaker 2: trying times. For the latest, go to Financial Survivalnetwork dot com.
23:18
Speaker 2: Financial Survival Network now more than ever,