Latest / Financial Survival Network / Can the US find its former greatness and become a leader again? - John Rubino #5786
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- 0:00You're listening to Carrie Lutz's Financial Survival Network, where you get valuable information you
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- 0:27Welcome you are listening to watching the Financial Survival Network. I'm your host,
- 0:31Carrie Letts. Well, we have got a lot to talk about today.
- 0:35John Robino is with us. Now find him at Robino dot substack dot com.
- 0:40Link in the show notes, Well, John, inflation is going down,
- 0:46so I guess we were wrong and you can print money to infinity and
- 0:52prices won't go up so much. Is that correct? Hey, Jerry,
- 0:56We're at an inflection. I'm gonna go out on the line and say we're
- 0:58at an inflection here where things are going to start pull in the other direction.
- 1:02Well, what happened was, well, inflation spike because we created an
- 1:04insane amount of new money dumped into the system, and we raised interest rates
- 1:11in reaction to ten percent inflation, and interest rates are now up enough to
- 1:17basically we want to say break the back of inflation, because the last two
- 1:23inflation readings, which which happened just last week, were disinflationary. The producer
- 1:30price index was negative and consumer price index was fairly reasonable, you know.
- 1:36And the reason that that's happening is that interest rates at the level they've been
- 1:42for the last six or some months are breaking a lot of different parts of
- 1:45the economy. I just pulled up a chart of the lumber price as kind
- 1:51of an indicator of what's happening in the housing market, and lumber is down
- 1:55by more than fifty percent in the last six months, which means there's not
- 2:00that much demand from housing or lumber, because that was what was spiking it
- 2:06before, along with some supply chain issues. UM and housing is a big
- 2:09part of the economy. And wolf Richter is he was some really interesting stuff
- 2:15on the commercial real estate market where he's going out and finding office building transactions
- 2:21and they're terrifying. There's a lot of different buildings that have been on the
- 2:25market for let's say I'll just pull the number of out of pin Era five
- 2:30hundred million dollars and it doesn't sell, they take it off the market,
- 2:35they bring it back on at T twenty or something like that, and it
- 2:38still doesn't sell all. Yeah, yeah, and so a lot of big
- 2:45developers and real estate investors are looking at massive losses away and yeah, well,
- 2:52um, what do they call that? Jingle mail? And yet for
- 2:55office buildings, right, there was well, in one of wolf Richter's articles,
- 3:00there was a building that had a one hundred percent loss and that was
- 3:04why they just turned it back over. And there were some derivatives attached to
- 3:07it that made it literally went down by one hundred percent from the price that
- 3:14was paid for it not long before that. And the scary part of this,
- 3:20I mean, that's already scary because that's several trillion dollars that the government
- 3:22might have to bail out in the next year. But the local and regional
- 3:30banks that almost got whacked because of the Silicon Valley bank failure, you know,
- 3:38they they had a near death experience just recently. Now, they owned
- 3:42a lot of real estate paper because that's their business model, is that we
- 3:46take in deposits, yeah, and then land locally to real estate developers and
- 3:52mortgages and things like that. So they're on the hook for a lot of
- 3:54this stuff. So the banking crisis is going to enter a new stage if
- 3:59real estate commercial real estate tanks so on the same thing with apartments too.
- 4:02By the way, the the number of apartment purchases out there has plunged now
- 4:11there was nobody's buying apartment buildings anymore. And rents are starting to go down
- 4:15with a lot of places. So there's an awful lot of commercial real estate
- 4:19that is now out of the boom phase and into the bust things. And
- 4:25there's a lot of losses that are going to be spread around out there,
- 4:28and that's really deflation hearing. So like I said, I'll go out on
- 4:31them and say, inflation is no longer a real issue, and we're going
- 4:36to be looking at the opposite, maybe deflation by year end, and we're
- 4:40going to be in recession. So the FED is probably going to raise one
- 4:46more time point two five percent and that's going to be it. And most
- 4:48other central banks will have stopped by them too. So we're going to be
- 4:51in a very different market six months from now than what we were six months
- 4:58ago. And that's you know, that's got to impact the stock market.
- 5:01So if all of that other stuff happens, you would expect a stock market
- 5:08bust. In other words of bear market in equities along with it. So
- 5:13yeah, it's probably time to be extremely defensive and maybe to be going short
- 5:16a lot of these things. Yeah, well, I figured out what they
- 5:19can do with all those ghost malls out there. Is this really simple matter.
- 5:24I think it will really work. They turn them into Tesla factories,
- 5:28into Giga factories because they're perfectly situated for that. They got access to highways,
- 5:33a lot of parking. It'll be perfect. Nobody will be able to
- 5:38buy the things, but I guess you know, Tesla is saying robotics,
- 5:43more AI in the factory will lead to much lower prices. The biggest component
- 5:48in the most products that you buy is actually labor. Many of them put
- 5:53it that way. So when you avoid the labor cost altogether and nobody has
- 5:58a job AI is handling it, doing the quality control, and then you
- 6:03could still afford to buy it on your government welfare payment. Right. Yeah,
- 6:09And you're right. Malls are in the category of stuff that's gonna go
- 6:12bankrupt here pretty soon because very few people shop at malls anymore, relatively speaking.
- 6:17And you know, and you're right, looking at a building, looking
- 6:20at a mall, all kinds of other uses come to mind, right,
- 6:25they could be gigantic columbles shelters. You just clearly downtown San Francisco resion processing
- 6:31centers. Yeah, yeah, that's right. A Texas mall could be converted
- 6:35to an immigration and then it could be also a bus station too, because
- 6:41you just load the illegal immigrants onto the buses and ship them up north up
- 6:46to yeah, go on the sanctuary cities and exactly exactly what Arizona can do
- 6:53that. So you put something in southern Arizona. I'm sure there's a mall
- 6:57down there that could be a and they can do how they're going small they
- 7:01build yeah the days in Shia. We can build malls in the United States,
- 7:05right, And there are actually cities talking about taking empty office buildings and
- 7:11turning them into low income housing and homeless shelters. That's already on a subject
- 7:16that's being debated. So, yeah, a lot of those will be repurposed.
- 7:20If you wind up living in one of those, you definitely want to
- 7:24get the unit losest to the elevator, all right, that will be prime
- 7:30real estate and one of those because you don't have the problem with repurposing,
- 7:36you know, office buildings, commercial office buildings, the bigger ones, they're
- 7:42so far from the elevator cores that you can't. You have a limited amount
- 7:46of windows to allocate to each unit, So most of these units that they
- 7:50cut up will literally be windowless units, which I guess they don't really care
- 7:56about shelter or shelter when you need it. I should mention because our next
- 8:01story is going to be gold isn't a quiet bowl market? Well it was
- 8:05until today. It's down forty four seventy as we speak in it's Friday,
- 8:09April fourteenth. Even silver, which was really strong, as down fifty nine
- 8:16cents. But it looks like somebody at the FED or the the PPT woke
- 8:20up and said, this gold thing's getting out of hand. And now it's
- 8:22under two thousand dollars or now. But we'll see how long this last.
- 8:28For Yeah, I posted a thing and it's substacked about gold's quiet bowl market
- 8:33and can continue And maybe the answer is now because now who that will tie
- 8:39him to the whole slowdown thing. But normally when when there's an equities bear
- 8:43market, and stocks are down today, so it could be connected. But
- 8:48when there's an equities bear market, it pulls everything down with it, and
- 8:50it takes gold and silver down in kind of a V shaped decline where they
- 8:54they crash and then they spike when the FED comes in and tries to bail
- 8:58out the stock market, and so that could happen again. That's the big
- 9:03risk with precious metals, but there's at least one reason why it might not,
- 9:09because if a downturn coincides with another bank crisis. Part of the reason
- 9:16why gold is up lately is that a lot of people pulled their money out
- 9:18of their bank because they decided their bank account was no longer safe and they
- 9:22had to put that money somewhere, and they probably kept some cash, and
- 9:26they also probably bought some precious metals. So you saw a capital moving out
- 9:30of the banking system and into safe haven assets like gold and silver. So
- 9:33if there's a if there's a recession and an equity's bear market, and there's
- 9:39a bank crisis along with everything else, then it could be the more people
- 9:45will pull their money out of their banks and look for somewhere else to put
- 9:48it and put it in gold, and gold and silver will hold up better
- 9:52during the equities bear market than it has the last couple of times around,
- 9:56So that's just that's one possibility to consider. And let's also consider the fact
- 10:01one guest I had on said they want to basically shut down all the banks
- 10:05and implement a CBDC, right, so the central bank digital currency. I
- 10:13don't know that that is exactly correct. I think the banks in theories still
- 10:18have a function to play. But in the good old days, the bank
- 10:22was an intermediary, right, and they helped allocate capital to worthy investment projects,
- 10:28like you're building a new factory, you're a high growth company. But
- 10:33now they just seem to be croupies at the casino and taking their vig in.
- 10:39You know. That seems to be the purpose of the banking industry now.
- 10:43Well, the big banks are hatch funds, basically just gigantic quasi governmental
- 10:48hedge funds. So there's like six of those, and then there's all the
- 10:52other banks, And yeah, I think the theory is that we'll still have
- 10:56those big banks but own the FED and the chunk of the government because there's
- 11:01no reason for them to go away, because there's no one who can make
- 11:03them go away because they own all the politicians. But the rest of the
- 11:09banks are expendable, and if they engineer a banking crisis. They could say,
- 11:15listen, you know, we're bailing out all these small banks, and
- 11:18it's just on a viable concept. We're just going to close them all down.
- 11:20We're going to give you FED bucks and you know, we'll put five
- 11:24thousand free dollars in your FED account to just go over there and all right,
- 11:26and then and so they'll they'll use that crisis as a way of transitioning
- 11:33to a government run financial system and getting rid of all the little banks.
- 11:37I think that would be a catastrophe, of course, but it looks like
- 11:43the kind of thing that these guys are capable of planning and executing now,
- 11:48So I don't I don't think we can write off anything that happens in the
- 11:52next few years and say it's not a false flag. You know, it
- 11:56might it might just be purely by accident, whatever happens. But there's a
- 12:00high there's a high likelihood that the next crisis is an engineered crisis, and
- 12:07it could definitely be what you said, you know, where we get rid
- 12:09of the banks and we go to a central bank digital currency, and that
- 12:18is used as a means of control going forward. So we need to fight
- 12:22this if if they start doing that, we need to you know, pull
- 12:26some cash out of our banks, keep cash and then buy a bunch of
- 12:30gold and silver and then transact face to face, you know, use physical
- 12:33stuff to buy and sell UM and in that way, UM try to hamstream
- 12:39the whole transition to central bank digital currencies. It's going to be a hard
- 12:43protest because they have unlimited amounts of my thing create out of pin air to
- 12:50tempt us into the the FED account. Yeah, but what I want to
- 12:54part, Okay, I want to know if they set up a FED account
- 13:00and they give me five thousand extra, will they give me a toaster oven?
- 13:03Because I missed the days when banks competed on things like giving toaster ovens,
- 13:09clock radios. I know I'm dating myself there because nobody uses a clock
- 13:13radio anywhere you have a phone. But all sorts of that. You know,
- 13:18maybe we should come up with a gift list. Well in your CBDC
- 13:24FED account you're FED phony money account, and you can get like a list
- 13:28of gifts and to get you to get to put your money there. They
- 13:33can totally do that, don't We won't be toaster ovens and things. It's
- 13:37going to be you know, thought control of wheelchair AI driven sex spots and
- 13:43things like that. You know, they know their target market. They'll they'll
- 13:46find a way to convince us to come up. If they give me an
- 13:50AI girlfriend, an AI bought girlfriend, I'll sign up, all right,
- 13:54you know, plus five thousand. I got to get the five thousand because
- 13:58you know, I got to take her out to dinner, virtual dinners and
- 14:01dates. It's expensive these days because of the inflation. Well, you know
- 14:07that they're doing their market research right now, and they're they're focus grouping and
- 14:11what kind of stuff they can give us and seeing what works, and yeah,
- 14:13I think it's going to be stuff like that. Yeah, so you
- 14:18know that'll be the amusing part of the process. But we got to keep
- 14:22in mind that our wheelchairs and our sex spots are going to be spying on
- 14:26us, just like our fed account is. That's like our refrigerator. My
- 14:31yeah, or is in with them. I'm convinced. I'm just worried it's
- 14:35it's going to testify against me. Do you have one of those camera door
- 14:39things that know but it's it's web enabled then, and God only knows what
- 14:43it's been doing while I'm not watching. Years ago on dollarclass dot com,
- 14:48I wrote, I did a post called don't let you thermostats see where you
- 14:54hide your gold or something like that, and that's that's basically um, yeah,
- 14:58that's reality now. You know, we we have to be careful about
- 15:01what our appliances they're seeing, and I think most people are not because we're
- 15:05not used to being afraid of what our refrigerator is going to do with our
- 15:09data. So you know, like maybe you need a privilege for your appliances
- 15:15so they can't testify against you in accord to law. Other news de dollarization,
- 15:20you know, Brazil, France, nobody has any respect for the United
- 15:24States anymore. And if you look what's going on in Washington, who can
- 15:28blame them? It's nuts. I think the biggest part of the whole de
- 15:33dollarization story right now and is how unafraid everybody is of the US. Literally,
- 15:41the president of France and the president of Brazil just in the last week
- 15:45said yeah, you know, we need to get away from this whole dependence
- 15:48on dollars thing and let's trade in our own currencies. And these guys never
- 15:52would have said that ten years ago, because they would have been afraid of
- 15:54years ago. Yeah, I look out two years ago. Yeah yeah,
- 15:58because I would have been down there with a you know, poison umbrella or
- 16:04a you know, fake news channel that's um that's stirring up a rebellion or
- 16:10whatever. And now it's like there's there's such such strength and numbers in the
- 16:15dedolarization process. There are so many countries that are saying stuff like this and
- 16:21wanting to join the Bricks Coalition and everything, and talking about a gold backed
- 16:25you on and and and so I think it's it's it's not even whackamle anymore
- 16:30for the US. It's just we're overwhelmed. But we can't destabilize every single
- 16:36country in the world besides New Zealand and Australia and Canada. And that's kind
- 16:41of what we're faced with now. We either declare war on literally half the
- 16:45world, or we just stand back and let it happen, Let let us
- 16:48be abandoned, you know, And I think that is accelerating. The thing
- 16:53is then they dedollarize. Who's going to be left to buy their stuff?
- 16:59You know, half the world's economic activity or more comes between the US,
- 17:04North America and Western Europe and the dollars sinks. Western Europe is going to
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- 18:03throw now more than ever. Well, see, we're going to stop buying
- 18:07a lot of stuff in any event, because we're maxed out. We are
- 18:11the most indebted society in human history and um credit card debt is at record
- 18:15levels. So if if American consumers are putting, you know, food and
- 18:21gas and stuff like that on their credit cards and then carrying a balance that
- 18:25charges from twenty three percent a month or a year. Yeah, I mean
- 18:30they're, um, they're they're not going to lead a global consumer spending recovery
- 18:36in any of them. Were were We're kind of taking ourselves out of that
- 18:40game by encouraging this kind of leverage profitly. Um. Yeah. So it's
- 18:48not clear how much the rest of the world loses by not using dollars anymore,
- 18:52because we are not what we once were. We're not the consuming engine
- 18:56of the global economy. So true, he's on the political front. So
- 19:03they went and they indicted into Trump. I mean, in New York,
- 19:07you could be a murderer and you know they turned the other way. They
- 19:11let you just go. But if you happen to have paid hush money to
- 19:15an ex girlfriend, even if the crime has a run past the statute of
- 19:21limitations, which my limited knowledge of the law. After all, I am
- 19:26America's top recovering attorney. But if all that's happened, and then you know,
- 19:30it's we become the Banata Republic. This is a show trial like what
- 19:36they had in Russia and men when they march them off to the gallows.
- 19:41Or in Russia, remember Trotsky, Lenin and Trotsky, they led the whole
- 19:48communist takeover, and then Lennon got the bright idea, I need to kill
- 19:52off all the other people who helped me do this because they could be a
- 19:56possible future competitors here, and they killed off Trotsky. I think in Mexico
- 20:03City they sent out a hit team. You know, when we start criminalizing
- 20:10our politicians or crimes, imaginary crimes, forget about the crimes they actually committed.
- 20:18We've we've become a banana republic. You know, there's so much about
- 20:22this that is is kind of hilarious when you think about it. But two
- 20:26things that really jump out. One is that I don't think the Democrats kind
- 20:30of thought through what the the implications of the precedent they're setting might be.
- 20:37Because let's say Trump gets through this one like he's gotten through all the other
- 20:42things they've thrown at him. He gets elected and then goes out and just
- 20:48rounds up the extended families of the Clintons and the Bidens and just perp walks
- 20:53them in broad daylight into prison and then locks them in solitary confinement. And
- 20:59you know, he's excuse would be, well, that's all we do now
- 21:00right. No one is above the law perfectly, and you know that.
- 21:06And the Democrats would have brought that on themselves by people doing something like this.
- 21:11People that live in glass houses really got to be thinking about throwing stones.
- 21:18And look, we're not politically oriented because this is a family show.
- 21:23Well, the Chinese have just gave a huge document dump on millions of dollars
- 21:30of payoffs to the first son and first crackhead hunter Biden, and it looks
- 21:38like I think the only thing that would stop an impeachment is a fact the
- 21:44alternative is so bad. And if they get rid of her, then who
- 21:51comes into office? Then who's the Speaker of the House? Now, Um,
- 21:56what's like his name? I can't even remember? Now, Oh,
- 21:59so we've wait. If they indicted, um, the top two Democrats,
- 22:04then the Republican gets divided the president McCarthy McCarthy, Yeah, line, Nancy
- 22:11say a third in line. That's another interesting angle there, isn't it.
- 22:15Yeah? Okay, Well, you know we we are been in a republic,
- 22:19Like you said, anything is possible here because we've we've basically taken the
- 22:25whole you know, constitutional rights, rule of law thing and just weaponized it.
- 22:30So it wouldn't at all be a surprise if this is just a back
- 22:34and forth thing now until until we're exhausted and we give up and somebody finally
- 22:38gets elected that promises never to do it again. But yeah, and yeah,
- 22:42what military or a total dictatorship takes over the end the end result of
- 22:52every empire that collapses. Eventually you have a dictator that that. Yeah.
- 23:00When when political parties basically go to war with each other and throw the rule
- 23:04of law out and just do whatever they have to do to win, you
- 23:10usually end up with some kind of like a colonel who gets a little private
- 23:15army together and takes over the government and promises elections in five years after all
- 23:21the corruption has been cleared out. And you know what, we're on that
- 23:25path. I hope we don't keep on walking at path, but dat closer
- 23:30than you might want to think. But hey, somebody else can figure out
- 23:33a scenario where the US finds its former greatness and becomes a leader of the
- 23:40beacon of the free world and all that, I will send you a case
- 23:44of bud Light. Okay, now that the bud Light story is funny but
- 23:51also really dark. And basically the story is as everybody knows. And now
- 23:56they're they're trying to broaden the audience for bud Light, and they they're they're
- 24:02broadening it a little further than anybody expected, and it's generating a backlash.
- 24:06Um. The important thing to understand about this whole thing, though, is
- 24:08that while we're distracted by these kinds of battles, the one percent are are
- 24:15just happily draining astry. You know, they're they're stealing continuously from everybody else
- 24:22and then trying to distract us with social issue battles um that keep us from
- 24:29paying attention to the theft that's going on. And so they're loving this.
- 24:32You know, it wouldn't wouldn't be a surprise if it was. You know,
- 24:34the Budweinser thing was part of the plan that an hazard Bush just had
- 24:40to take one for the one percent tea here in order to keep us distracted
- 24:45for another three or four months, I don't, you know, and then
- 24:48one knows what comes after that. I love it, and that is a
- 24:52logical explanation for what we're seeing. It's called the bread and circuses right from
- 24:59ancient Rome from the collapse, and it looks to me like as the days
- 25:04go on, we're more and more following the example of prior civilizations. What
- 25:14disturbs me like being not being opposed to anarchy wholly, but some kind of
- 25:22structured anarchy. If that's not a contradiction in terms the idea of China becoming
- 25:29the predominant country that runs things, it seems to me it's a lot worse
- 25:34than the when the US did it. We don't have lately, we haven't
- 25:40had any re education camps, concentration camps to my knowledge. There hasn't been
- 25:47a lot of forced Oregon donorship in the US, something that China seems to
- 25:52excel at. It seems like the alternative power structure here is going to be
- 26:00a lot worse for the planet than than the US running things. But they'll
- 26:07get their wish and they'll wish that they had been more far sighted than they
- 26:11actually were. Yeah, you know, it's it's important to um to know
- 26:17what we're talking about, things like detalterization and where the world is going and
- 26:19everything that. You know, we're not saying that's going to be better.
- 26:25It's just that it's an inevitable thing that there are large political and financial trends
- 26:32at work now that that probably are going to go where they go, and
- 26:38you know, there's a lot of blame to spread around for, you know,
- 26:44creating and maintaining those trends. But they are what they are, you
- 26:47know, and that's where we're going. So we'll have a lot to talk
- 26:48about in the next couple of years at night. Yeah, you can't ignore
- 26:52the trends. They're inexorable. And another trend and it will will kind of
- 26:56leave it at that top. Swiss watch CEOs see gloomy outlook as demand woes
- 27:04materialize, and it's kind of like the auto story, which we didn't really
- 27:08cover, but auto inventories are building. During the pandemic, you couldn't find
- 27:14a Rolex. They doubled in prices during the pandemic. You couldn't find a
- 27:18decent used car. They were up fifty sixty percent, and forget about new
- 27:22cars, they were all but unobtainable. And now those trends are reversing.
- 27:29I've personally happened to think and we're getting back to the inflation thing that we
- 27:32opened the show with John. I personally think that inflation will be roaring its
- 27:37ugly head. Again. The only way it doesn't is if we go into
- 27:41a major global depression where demand, the demand component completely vaporizes, and I
- 27:49think they will hyperinflate to avoid that eventual result here. So my suggestion is
- 27:57a by Rolexes, sell stocks all right, that carry that's reasonable because you
- 28:07know inflation will come back when governments respond to the coming recession by going back
- 28:12to easing, and they'll they'll buy equity if they'll do all kinds of stuff
- 28:15that maybe they didn't do before because they'll be that desperate, and that's going
- 28:22to light a fire under inflation and it's going to cause the maybe the terminal
- 28:27decline of a lot of these FIOD currencies. So we're close to the last
- 28:32stage of this process, and the next couple of years might clarify how that's
- 28:37going to go out. When you say d dollarize, which you're really saying
- 28:41but these countries are too stupid to realize it, or maybe they're not,
- 28:47is you're defeatizing, meaning that you kill the dollar, you kill all the
- 28:52currencies. There won't be a replacement fiat currency that that ninety percent of the
- 29:00and it trusts because once the dollar goes there will be zero trust in any
- 29:04paper currency, digital currency, whatever, and that's where the crisis is really
- 29:11going to come in. And they're just hastening the decline as is. I
- 29:15mean, the US is committing self immolation. It's happening. And like I
- 29:19said, the trend is the trend, and you should profit by it,
- 29:23or at least protect yourself so that you can live to fight another trend.
- 29:30Yeah, I know, we gotta go one last. The best case scenario
- 29:34in all of this is that the bricks countries, for instance, do set
- 29:38up at gold backed currency, and that that forces the rest of the world
- 29:44to follow in those footsteps and we go back to a global gold standard.
- 29:49And if we did that, that would be horrible for everybody who trusted the
- 29:52governments and kept a lot of local cash, but it would put us back
- 29:56on a sustainable path. And if we can get there without global nuclear war
- 30:03and without you know, a ten year nineteen thirties style depression, that I
- 30:08think that would be a good outcome. You know, that would be the
- 30:11best we can hope for. Absolutely, And I've been hey, I'm totally
- 30:15supporting of a metallic standard some way that is transparent, verifiable, where there's
- 30:22true trust in it that the bank that says, I know, we're giving
- 30:26you out these markers here because it's it's too in you know, it's just
- 30:30not practical to carry around a bar of gold, and then they've loaned out
- 30:36the gold er sold it. You know that we know about that, sure,
- 30:40But the fact is, no government on the face of the planet wants
- 30:45a gold back currency. They might make noises, they might say they do,
- 30:49but the biggest power that any government has over the populace is the ability
- 30:56to create legal tender at the if, like a click of the mouse.
- 31:02They don't really want it, but they will be forced eventually to do it
- 31:06because trust will go to zero. I think we'll leave it at that.
- 31:10Make sure you go to John's substack. It's Robino dot substack dot com.
- 31:14Link in the show notes and hey, you've got a question for John or
- 31:18myself, shoot us an email kl at kryltz dot com. Go to the
- 31:22site Financial Survival Network dot com. Sign up for free newsletter. Got one
- 31:26going out shortly. John, we'll talk to you in a couple of weeks.
- 31:30Thanks Kara, see you. Thanks for listening to Carrie Lets's Financial Survival
- 31:33Network. Your solution to today's trying times. For the latest, go to
- 31:38Financial Survival Network dot com. Financial Survival Network now more than ever