Latest / Financial Survival Network / The Texas AI National Guard and Economic Warfare with John Rubino #5996
Transcript
- 0:00Big about Canada is that, you know, you kind of think it's an
- 0:03actual country instead of a dictatorship, but it has evolved into pretty much a
- 0:07dictatorship because you know, how the media works up there is the government makes
- 0:11a list of what it considers to be liberal, me legitimate media, and
- 0:16it pays them. Public money flows into the media that the government approves of,
- 0:21and then everything else is censored. So it's very close to the old
- 0:26Soviet Union in an awful lot of ways. You know, the Canadian Broadcasting
- 0:30Corporation is an awful lot like problem to used to be. You're listening to
- 0:33Carrie. Let'sa's Financial Survival Network where you get valuable information you just can't find
- 0:39anywhere else to thrive in today's trying times. You need the Financial Survival Network
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- 1:00This is Financial Survival Network on your host, Carrie Lentz. John Rabino is
- 1:04with us. We have much to talk about. We have We have the
- 1:08Second Civil War, maybe it's a cold Civil war, John, that's brewing.
- 1:14Now, We've got AI threatening to make us all into podcasters and YouTubers.
- 1:21John, you might be out of a job soon if the AI gets
- 1:23any better. I'm a little concerned about that. What are you going to
- 1:26do when AI takes your writing gig? Oh, I'm not worried. I'm
- 1:30old enough that it's not an issue. But who should be worried is Taylor
- 1:34Swift if she ever wanted to get into porn la line, I thought she
- 1:40was in it already. Well, you know that the argument can be made.
- 1:44But AI has been creating very lifelike nudes and things of Taylor Swift and
- 1:49you know, posting them everywhere and stuff. So that's I think that's the
- 1:53first first time we've actually seen anybody threatened in a meaningful way who we knew
- 1:59and cared about up by AI. But yeah, you know, and that's
- 2:02just the beginning. Or were you asking if I was threatened to buy the
- 2:06poor inside of this in case? Oh about the porn? You know your
- 2:08porn career is long past, John, Yeah, yeah, Well, I
- 2:14mean there are guilts now, right, So you know it would be great
- 2:19my way into that, you know, it would be a great AI project,
- 2:23a coherent resident if they could get AI and kind of do these deep
- 2:30fakes so he actually knew and sounded coherent. That would be an amazing project,
- 2:36maybe worthy of their attention. That would indeed, you know what I
- 2:39mean, people are speculating about how we're going to be ruled by AI pretty
- 2:44soon and an avatar it's run by ar but AI but is the perfect politician.
- 2:53Would be a pretty formidable candidate, right you know, because hey,
- 2:55I can AI can make that candidate look exactly the way the focus groups want
- 3:00the candidate to look. Could take a voice that everybody loves, you know,
- 3:06and synthesize it. And all they have to do then is go back
- 3:09through Ronald Reagan's speeches and just repeat his turns of phrase and you got to
- 3:15win in candidate right there. So yeah, it's a real possibility. It's
- 3:20like I can see it now. Hi, I'm from the government. No,
- 3:23I mean, Elon Musk, I'm here to help you words in the
- 3:27English. Yeah, yeah, well, I mean, you know that's all
- 3:31coming. And should we segue from here into the collapse of modern media?
- 3:38Because the La Times has laying off like twenty five percent of its reporters and
- 3:45a big part of that is that AI can replace them for the basic stuff.
- 3:50Hey, well, it's as it couldn't happen soon enough, you know
- 3:53that. Taylor Lorenz was she said some kind of She was a blogger and
- 3:59she went end up with The Atlantic and the Washington Post, and she was
- 4:02lamenting the demise of the legacy media. She said, over twenty thousand people
- 4:11in the media lost their job in the past year. Now, that was
- 4:15the first time I actually saw a number. Every week you see layoffs taking
- 4:18place in newsrooms around the country. She said, they got rid of their
- 4:24Washington d c Bureau in an election year. She was very upset about that.
- 4:30I guess you think that were influence. That was the Los Angeles Times.
- 4:34Yeah, yeah, yes, yeah, I mean it's a huge deal
- 4:38and Harry, but you know, AI is responsible for part of it,
- 4:42but the biggest part. Because remember journalism is booming. Independent journalism is just
- 4:47rock and right then you know, you got your audience. And Joe Rogan
- 4:50has a massive audience, and Matt Taubee and Glenn Greenwald, Michael Schellenberger and
- 4:56Jimmy Dork these guys have massive audiences, some cases so big that they dwarf
- 5:01rime time CNN. So journalism is absolutely rocking. I think it's probably it's
- 5:08arguable that it's never been healthier. Mark Dice, Yeah, yeah, yeah,
- 5:12Mark Dice has a he has a breaking journalist that I can't view myself
- 5:16as a journalist, you know it, just like I would have to quit
- 5:20doing what I'm doing if I was quary journalism. Journalists interview people a lot
- 5:26of a time. You know, you're not writing an article based on what
- 5:29Martin Artstrom told you. You're just showing Martin mstrong. But that's even better
- 5:32journalism arguably, right. Yeah. Well, I just view myself as a
- 5:38messenger and I try, you know, I put my own spin on things,
- 5:43at my own take. I'm human and I don't make any bones about
- 5:46it. But hey, you can't like pin me to a political party because
- 5:50I despise them both, even if I am a member of one of them.
- 5:56It's nothing to do with it. I keep meaning to like disestablish my
- 6:01party affiliation, but I've just not gotten around to it. But you know,
- 6:06it's this journalism virus thing. Man. It was great for a while
- 6:12until people like started waking up to the fact that it was just a machine
- 6:16that's there to generate lies. Really that, I mean, that's what it's
- 6:21turned into. There was a time when reporters were instead of, you know,
- 6:25part of the establishment. They were these blue collar guys whose job was
- 6:29to dig up dirt on the powerful right, and they were they did not
- 6:32hang out with the rich people they covered. They because they were the mortal
- 6:36enemy of the rich people they covered. That changed over the last twenty or
- 6:40thirty years when journalists basically got co opted. Big companies bought up all the
- 6:47media outlets, and then the paychecks were signed by corporations, and so you
- 6:51ended up with CNN and Fox and MSNBC. We're basically on teams. They
- 6:57have a business model of freaking out a small segment of the population in order
- 7:02to keep them engaged, because that's where you generate revenues when you get people
- 7:06coming back over and over and over again and watching all day long. And
- 7:11you know, Fox caters to clueless, afraid white people, old white people,
- 7:17and msn legitimately afraid. But yeah, yeah, they're genuinely afraid,
- 7:23but they're also kind of clueless, like they don't completely understand what's happening,
- 7:26and so Fox explains it to them in the most blunt instrument what MSNBC caters
- 7:31to over educated, hyper neurotic liberals and keeps them on the freak out all
- 7:38day or barely barely connected to reality. They are getting to kool aid intravenously
- 7:46in both arms, the MSNBC audience, and you know, they've totally lost
- 7:50their ability to think critically. Not that the Fox people haven't, but their
- 7:56things are kind of rooted, maybe in a little more in stact, but
- 8:01the MSNBC audience, I mean, they listen to it day and day out.
- 8:07I don't watch news. Did you stop watching news? I stopped watching
- 8:11it after the Twin Towers collapsed because I realized it was making me miserable and
- 8:18anxious and unhappy. Is the best thing I ever did was to stop watching
- 8:22news. You know, the only cable mainstream news I see now is when
- 8:28Jimmy Door or Tucker Carlson runs a clip in order to make fun of it,
- 8:33and that is literally all the Fox at MSNBC and I see now.
- 8:37Yeah, I think a great number of people are in that boat. They've
- 8:39figured out that those media outlets, the big media outlets, are playing for
- 8:43a team, so they can't be trusted. So they're looking for trustworthy people,
- 8:48and you know what they're finding them. I mean, substack is full
- 8:52of people who are not necessarily right all the time, but they're honestly trying
- 8:56to get to the truth. So you really need one or two outlets like
- 9:01that, you know, Substack and Rumble. If you just live on those
- 9:05two outlets, you will be getting closer to the truth than anybody else in
- 9:09the country has over the last couple of decades. And I might mention that
- 9:15you are on substack. It's Rabino dot substack dot com. I urge everybody
- 9:20to go there and subscribe because John is part of the truth Brigade. Hey,
- 9:24so we just got a decision from the from a federal court and candidate
- 9:31that what Trudeau did to the Trucker convoy, and I'm tying this into what's
- 9:35happening at our border right now. The attack on the Trucker convoy, labeling
- 9:41it a terrorist group and invoking the Emergencies Act, which basically institutes allows the
- 9:50Prime Minister to arbitrarily impose martial law, was all illegal. And then we
- 9:58found out that the intelligence was cooked, that they were just guys trying to
- 10:05do their job, and didn't want to get vexed, and you know,
- 10:09we're just against what the government was doing. And it got declared illegal.
- 10:13And then Tucker Colonelson went to Canada and he like really put it to the
- 10:22to the powers that be in Canada and they had a complete and total meltdown.
- 10:26John, I'm sure you caught that. Well. The big about Canada
- 10:31is that, you know, you kind of think it's an actual country instead
- 10:33of a dictatorship, but it has evolved into pretty much a dictatorship because you
- 10:39know, the media works up there is the government makes a list of what
- 10:41it considers to be liberal, legitimate media and it pays them. Public money
- 10:48flows into the media that the government approves of, and then everything else is
- 10:52censored. So it's very close to the old Soviet Union in an awful lot
- 10:56of ways. You know, the Canadian Brought Casting Corporation is an awful lot
- 11:01like problem they used to be. And see watch what happens now because a
- 11:05court has decided that Trudeau violated the constitution. Now that would be a thing
- 11:11in a real country where the police show up, they purp walk somebody like
- 11:16that to the car, take them, try them quickly and put them in
- 11:20prison. None of that's going to happen to Trudeau. He's totally going to
- 11:22skate. And most Canadians won't even hear about this because it won't be reported
- 11:30on the state media, you know. And so that's there's your definition of
- 11:33a dictatorship right there. And the only reason why we're not there is to
- 11:39go back to independent media, you know, because we got Joe Rogan,
- 11:43they don't, you know, Yeah, and Tucker Carlson now so an RFK
- 11:50Junior, And hey, I want to hear from RFK Junior. I know
- 11:54him personally, I don't care for the person, but hey, he's an
- 11:58opposing boy to the power structure. I want to hear him on all sides.
- 12:03I don't want to hear anybody shut up or being shut up by the
- 12:07government, but that's what this government has tried to do. Three Twitter takeover
- 12:13of the digital media. You want to hear an interesting scenario for this upcoming
- 12:18election because RFK, by the way, you know Trump and RFK, that's
- 12:22pretty impressive connecting. Yeah, and I'm at Obama once too, a razor.
- 12:28Wow. Meanwhile, I've been sitting out here and in the country.
- 12:35I shook his hand. I wasn't impressed, and but I wanted to meet
- 12:39him because I knew he's going to be president, or I thought there was
- 12:43a good chance he would be. And I want to see history being made,
- 12:46and I did so. So let's go to our border. So we've
- 12:52got a truck or convoy forming supposedly I have been one hundred thousand trues carry
- 13:01before we do that, Can I do the election scenario theme? Oh yeah,
- 13:03yeah, I forgot. We got distracted from it. But okay,
- 13:07because RFK is going to get on ballance, which means he's going to qualify
- 13:11for debates. So we're going to have a spectacle of Biden and RFK Junior
- 13:18standing side by side on a stage and RFK is going to speak in complete,
- 13:24grammatically correct paragraphs with names and dates and numbers, and then Evan Biden,
- 13:28when it's inster, is going to go, yeah, I told corn
- 13:31Pop he is a bad dude, and if he doesn't vote for me,
- 13:33he'd black. You know, he's going to say something like that, and
- 13:37there it's going to become a two person race between Kennedy and at that moment,
- 13:43you know, and or or at least a legit three person race where
- 13:48Cargress has to decide who's president because nobody gets over forty percent. So very
- 13:52interesting scenario. And if there's a debate, a completely plausible scenario because Kennedy
- 13:58and side by side, he's going to be a contrast that the Democrat establishment
- 14:05never wants to see. No wonder, Biden won't give RFK Junior Secret Service
- 14:11protection. It all makes sense now right. Well, you know, the
- 14:15other plausible scenario is that both Trump and Kennedy get assassinated before this is over,
- 14:20and Biden is the last man standing. Yeah, you know, and
- 14:24that's that is true, horrifying to contemplate, but it might be more likely
- 14:30than the debate thing, you know, because they won't want to let it
- 14:31get to that point. And the other one is that they don't Biden for
- 14:35Michelle Obama, which there's a lot of speculation that that's what's going to happen.
- 14:39So that's that's a huge wildcard if it happens. I did see that
- 14:45that I think is more plausible than eliminating the competition. That it's just on
- 14:50American you know, not in the elections. You got to wait off after
- 14:54the election till you move these people not before. Well competitive, I think
- 15:01our fascists are creative enough to be flexible on the timing. Get they aren't.
- 15:07They're not going to be limited to the calendar. Do you remember those
- 15:11movies? They were French movies. One was called State of Siege and I
- 15:16can't remember what the other one was, but they're basically about Greek collections and
- 15:20they just kill off the candidate who is running, the opposition candidate. They
- 15:26just get rid of them. And yeah, it was isman taught he was
- 15:33he was the opposition candidate. It was. They were French movies. They
- 15:37were great or its play. Opposition candidates get killed all the time around the
- 15:41world, yeah, and it just doesn't happen that often in the first world.
- 15:46But you know, I think this whole distinction between the first world and
- 15:48the third world is fading quick you know. Yeah. So now, which
- 15:54which is a good segue into the Texas thing, because we're headed for Banana
- 15:58republic status in so many ways and this is an example of it. Hey,
- 16:03so so looking at that, all right, the Texas National I'll just
- 16:10set the stage. We talked about it before. The Texas National Guard has
- 16:15been ordered out by the Governor of Texas to secure the border, and they
- 16:22seem to have an affinity for razor wire, which the Supreme Court ruled it's
- 16:26the right of the federal government to go remove that razor wire, and Governor
- 16:34Abbot said basically gave them a middle finger and said, not only that,
- 16:40we're going to put out more razor wire, and basically the border patrol ain't
- 16:45going there. They've thrown the border patrol out of certain areas and just taking
- 16:52it over. Twenty five or six other governors have committed to support Governor Abbot,
- 17:00and now there's calls to federalize the National Guard, which can't do without
- 17:04the consent of the governor. We could go into the history of that,
- 17:08but just cut Governor Blanco during Hurricane Katrina refused the federal government's offer to federalize
- 17:18it. And we all know what happened there. And you know, basically
- 17:23they've defied the Supreme Court and they've defied the federal government. And then we
- 17:30also have supposedly seven hundred thousand truckers heading to the border to shut it down
- 17:37in support of border security. And look, you can't just have an open
- 17:42border otherwise you don't have a country. I mean it's madness. Millions,
- 17:48as much as thirteen million people have come in. One person I know as
- 17:52anecdotal from Colombia said her friend saw Columbian guy who just come in. He
- 17:57hit we released from prison and he killed two people. I mean, they're
- 18:02opening up their prisons some of it. Well, I mean that's the logical
- 18:06thing to do. If you're basically you're anybody, and some big country opens
- 18:10their borders, you will get every you empty out every mental institution, every
- 18:14prison, and you take all your secret police and your sleeper cell, potential
- 18:19terrorists, and you send them to that country, and so you let them
- 18:22reak havoc each in their own way. And so an open border in that
- 18:26sense is a tool for destabilizing the country. And clearly that's the goal.
- 18:33And you know, the most important thing that happened with the border is the
- 18:37statement that the border patrol just put out. They came on and said,
- 18:41look, you know, we're not going to cut down Texas's barbed wire.
- 18:45We have a good working relationship with these guys. When we need to get
- 18:48in there, we tell them they let us in there, so we are
- 18:52not going to get involved in this in any way, which is them sending
- 18:53the signal that we're not going to shoot our American friends over this. We're
- 19:00not going to do it. And you know, one of the reasons why
- 19:02this will never work for Biden is because the people he needs to basically kill
- 19:07Americans are mostly men who own guns, and who are you know, no
- 19:15fans of Biden in the first place, So he can't order them to kill
- 19:18other guys with guns who basically, you know, on the same side ideologically
- 19:25as the first bunch of guys. So everybody's just going to put down their
- 19:27weapons or turn around and point their weapons in the other direction at the time
- 19:33comes. So I think this never gets to the point of a shooting war.
- 19:37I think it gets to the point of basically not an insurrection, but
- 19:44peaceful protest on the part of the guys with the guns. They're just going
- 19:47to say, no, we're not going to do this, and then it
- 19:48just shuts right down. So it's an amazing scenario you never expected to see
- 19:57in the United States. The last time some states tried to pull this,
- 20:03a million soldiers got killed basically to keep it all from uh shattering up.
- 20:11I mean, look the Blue cities, they're suffering, the results because Abbot
- 20:17and our governor here in Florida, DeSantis Abbots sent over one hundred thousand of
- 20:26these illegal immigrants to sanctuary cities. They're choking on it, they're going broke
- 20:30from it. They're like confiscating hotel rooms right and left in New York,
- 20:36Chicago, LA, all these places. And man, it's like, where
- 20:41does it end here? Because nobody is in favor of the current policy except
- 20:47the politicians who don't want to do anything about it. I don't even think
- 20:51it's Democrats are Republicans because it's not already divide here because the Republicans are trying
- 20:59to set or trying to pass this watered bill down, you know, watered
- 21:03down bill to secure the border that will have zero effect. You know,
- 21:08there's a huge number of NGOs and entities that make like a fortune off of
- 21:17this illegal trade, not to mention the cartels and the human traffickers, and
- 21:22they're the ones whose policies they are get getting the stamp of approval from the
- 21:30government. Both parties. Well, I think the establishment is clearly panicking over
- 21:37this because okay, let's take one step back and look at what's up above
- 21:41the elected government. We have an aristocracy. In that aristocracy, he is
- 21:45not Republican or Democrat, or gay or straight, or black or white,
- 21:48and it exists above those issues in order to increase its own power, basically.
- 21:55And it seems to see an open border as increasing the aristocracy's power.
- 22:03And maybe it's because it destabilizes the country to the point where martial law becomes
- 22:07feasible and then they finally get to take over and that's their end goal.
- 22:11So that could be the way it's working. But yeah, it's obviously you've
- 22:15got Republicans and Democrats on both sides of this. But see on the Republican
- 22:19side, this new bill, this horrendous thing that they're trying to push through,
- 22:25is separating from the rhinos, the rhinos from the America First Republicans,
- 22:30Okay, And that's a very big distinction that is useful for us to see.
- 22:36And I don't think it's going to pass because it's just it's too politically
- 22:40useful for the Republicans to have Biden on the wrong side of the immigration issue,
- 22:45because that is a totally losing issue. So that is almost as good
- 22:49an issue for the Republicans as abortion is for the Democrats. So They've each
- 22:55got this big issue that they can point to and said, look, this
- 22:56is existential, you have to vote for otherwise armageddon, you know. And
- 23:03it's very helpful with the Republicans, so I think they will. They'll save
- 23:07it for Trump to come along in their scenarios and then close the border down
- 23:12and take it off the table as an issue, and then six months in
- 23:15say, look, that's all you had to do, and you should never
- 23:19have gotten rid of me, because I would have fixed it, or I
- 23:22did fix it, and look how easy I fix it again. So you
- 23:26know, I'm going to stay for four years and do a great job,
- 23:29and then you vote for my vice president of the Vakramswami for the next eight
- 23:33years. And there's the scenario, you know, like it's out of control
- 23:40that I don't think any rational person can think that this situation is acceptable,
- 23:45whether you're pro immigration or not. I'm pro immigrant. We're both products of
- 23:51immigration. And there was a lot of illegal immigration earlier in the country's history
- 23:56too. It's not exactly a new problem here. Many people came well,
- 24:02you know, back then we had fifty million people live in here or one
- 24:06hundred million or whatever. Now we've got three hundred going on four hundred million
- 24:08people, and you know, every new person that comes in is that much
- 24:12more of a stressor on the system than anything. So it's a completely different
- 24:18thing. So I you know, obviously, yeah, everybody is in favor
- 24:22of some level of immigration, and most people want it to be legal.
- 24:25And I would be fine with one million legal immigrants a year, screened for
- 24:30useful skills. If they speak English, boom, they're on the list.
- 24:34Yeah, if they can program a computer, or if there are any kind
- 24:37of you know, technical anything, bring them in. And you know,
- 24:42if they're from a culture that does not assimilate and that has a big history
- 24:48of violence, and that I'd say maybe not, you know, you go
- 24:51go move to this other country. Make them take a loyalty oath too,
- 24:55all right, Well, loyalty oath. It's meaningless except the people who find
- 25:02that it's they can't take one because it's not meaningless to them that they have
- 25:07to renounce all other allegiances to other countries. You know, that's part of
- 25:11the problem with dual citizenship. But hey, one way or the other,
- 25:17it's reached the point. As most problems in a democracy, you can't solve
- 25:22a problem in a democracy until it becomes a crisis. Right, there is
- 25:26no way to solve a problem proactively until it reaches a point where it becomes
- 25:33existential or it becomes such a disruptive problem that it has to be addressed.
- 25:40We're at that point now. It's going to be solved. And if it's
- 25:44not, then Lord save us, because it will lead to a true insurrection
- 25:49because people are just not going to put up with this anymore. Seven hundred
- 25:53thousand truckers can't be wrong. Yeah, this is going to be a fascinating
- 25:59way. You know, two weeks now, you and I are gofta.
- 26:00Oh no, it won't be two weeks from now. Huh month and a
- 26:03half from now. I'm gonna I'll make time. We just have to.
- 26:08We're twelve hours ahead, so I'm fifteen hours ahead of you, so we'll
- 26:14make time to get together. Don't worry. But hey, okay, so
- 26:22that's what's going on layoffs here? All right? I thought we're employment was
- 26:26good. Well, okay, the employment numbers are one of those scam headline
- 26:32numbers. It's not me If we talked about as before. It sounds kind
- 26:34of familiar, like I told you this story before. But what they do
- 26:38with employment numbers is they report an excellent headline number for jobs created and for
- 26:45the unemployment right and then over the next few months they revised those numbers down
- 26:52to what would be disappointing. Nobody sees the revisions, and then they buried
- 26:57the bad news in each report it so deeply that normal people don't see it,
- 27:03but eventually people do. And with our last employment report, the number
- 27:08of part time jobs are soaring while the number of full time jobs are tanking,
- 27:14which is a side of an unhealthy economy. And the number of people
- 27:18with two full time jobs is spiking. And I know some techies manage to
- 27:22do that. They get two full time jobs. Only lawyers can do that.
- 27:26No, I know, only people that bill by the hour can work
- 27:29two full time jobs. Man, you're just feeding the material from the act
- 27:34John. But you know we're regular people who have full time jobs, Okerry,
- 27:41I'm not not lawyers, non non lawyer, regular people. That's a
- 27:45side of a very bad situation. If you're one full time job doesn't cover
- 27:48it for you and you have to take on a whole new one. And
- 27:51so those people are spiking. So the employment report, the employment situation in
- 27:57the US is actually pretty weak, and we're seeing you with all these layouts
- 28:00tech companies across the border laying people off, and then it's spreading. I
- 28:04think three M just announced big layoffs, and there's a bunch of other companies
- 28:08doing the same thing. So part of that is because consumer spending is weaker
- 28:15than people expected it because people think, oh, the American consumer never you
- 28:19know, blah blah blah. Well, I mean, when your credit cards
- 28:22are maxed out and you're carrying a twenty percent interest rate balance on credit cards,
- 28:27you stop spending. You basically have to because otherwise you're bankrupt. So
- 28:32that's happening in a you know, bigger and bigger way out there, and
- 28:37that's leading to fewer things being bought, more companies laying people off, and
- 28:41that's the kind of thing that snowballs into inequities, bear market, which leads
- 28:45to more layoffs, which leads to lower corporate profits, and so on until
- 28:49you get you know, the kind of recession we've seen eight times, and
- 28:55you're in my lifetimes, you know, so nothing mystical, magical, that's
- 28:57just how the process works. And it's seems like we're headed that way.
- 29:00I pretty quickly knew I couldn't agree with you more. And it's just the
- 29:10whole world is bankrupt. Though, you know, the whole world is bankrupt.
- 29:14The countries are bankrupt, and the majority of people in every country are
- 29:18bankrupt. You know, they're insolvent. Okay, bankrupt is a legal term,
- 29:25insolvent meaning their assets are far outweighed by their liabilities. So how do
- 29:30you how do you solve this problem? John? The only way to solve
- 29:34it is a debt, you believe, But then you've got to like take
- 29:37all your financial institutions and reconstitute them. This is a mess. I don't
- 29:45know how it gets solved. We've been talking about this for years and years.
- 29:48It's sound money, but sound money just accelerates the ongoing slow implosion of
- 29:56the global economy. Right, No, sound sound money is like a shock
- 30:00to the system. You know, if we just today we just go to
- 30:03the gold standard. To do that correctly, you got to do it at
- 30:07gold with ten thousand dollars an ounce or whatever mean, And that means it's
- 30:11a massive devaluation of the dollar. So everybody who trusted the government and saved
- 30:18dollars sees their wealth almost evaporate, and so you get the civil unrest from
- 30:23that. You know, anytime you have a currency massive currency evaluation, you
- 30:26have the people that you screwed over hit the streets, right urgenza. Yeah,
- 30:32yeah, So this is global and it you know, if you can
- 30:37get through the civil unrest and you're on a gold standard with gold at ten
- 30:40thousand dollars an ounce, you can go forward with a monetary system that basically
- 30:45works because the gold standard will prohibit you from taking on too much depth in
- 30:51the future. But you got to get through the shock to the system when
- 30:56all these people who trusted you are the one who got hurt, and the
- 31:00people who didn't trust you get rich. You know, the gold bugs out
- 31:03there want nothing to do with today's government will have five times as much money,
- 31:08and the shorts, the guys who were shorting big tech, will have
- 31:14fifty times as much money. And so those are the people that you were
- 31:17enrich, which you and I love that right that those are the guys we
- 31:19should get rich. But government will think that. So only when it becomes
- 31:26the best of a series of horrendous options will government do something like a currency
- 31:33reset or whatever. So the crisis has to come first, and it'll come
- 31:37so and then we either get a dictatorship, or we get a civil war,
- 31:41we get a global war, or we get a healthy monetary system going
- 31:45forward. So that's on the menu possibilities out there. I would put it
- 31:48at twenty percent possibility and the others cumulatively at eighty percent. It's the prospects
- 31:56are frightening. And I would just add not so much to people who trusted
- 31:59the gold government, but the people who had no choice but to trust the
- 32:04government, meaning that for decisions they made, not necessarily having a good perspective
- 32:12on what was really happening, or believing those paid liars on the legacy media,
- 32:20they believed what they wanted to believe. They believed their pensions were safe,
- 32:25their bank deposits, their bank deposits were insured by the federal government,
- 32:31by the full faith and credit of the US government. Those people are the
- 32:36ones getting burned here. And all they had to do was go buy some
- 32:42precious metals and lock it away for that day. But that day has to
- 32:46happen because the system becomes more unsustainable by the day, and we see it
- 32:53and people know it. Now, they know something is really really wrong,
- 33:00and the proof of that is the price of gold that has been over two
- 33:04thousand dollars now for several months. It ended to twenty twenty three, and
- 33:10it looks like it's going to end twenty January of you know, assuming it
- 33:16doesn't go down in the next two days, it's going to end that way.
- 33:22So hey, so asymmetric warfare revolution, you know, we got like
- 33:30it's been you know, it's been the case since the first Arab Israeli War
- 33:37when they found out that set, you know, surface to air missiles that
- 33:40costs like back then ten thousand dollars each could shoot down a plane that costs
- 33:47like five million back then. And maybe it was a second Arab now I
- 33:52take it back, second Arab Israeli war, the yan Kapor War nineteen seventy
- 33:57three or two, whatever it was, and that's when a lot of Israeli
- 34:02planes were shot down and then started a whole arms race of countermeasure. Remember
- 34:07mad magazine, Spy versus spy, that's what we had here, and you
- 34:15know we see it now in Russia. They got a lot of scrap metal
- 34:19that used to be Russian tanks, like six thousand of them have been destroyed
- 34:22and armored vehicles and everything else. And you know, seeing it when in
- 34:29the Middle East and even with US. Until they get the laser beams,
- 34:34the laser weapons, directed energy weapons perfected, these drones are going to be
- 34:39a major hazard to everybody. Well, you know what it's come to you
- 34:45now is that you can you can take a thousand small drones with the equal
- 34:51one of a hand grenade on each one and just send them out and they
- 34:55can overwhelm any kind of a missile defense system. You know, we didn't
- 35:00set up our missile defense systems to take out small, tiny things flying in
- 35:06a huge swamp. And you know it's not clear that even AI guided laser
- 35:14cannon or something and to do that, because all you need is one drone
- 35:19to get through, hit the cannon, blow it up, and then all
- 35:22the rest of the drones can come through and do whatever they want. So
- 35:25this fits into the fall of the American Empire scenario. And we don't have
- 35:32time to go through that whole thing, because you've got to go back to
- 35:35the Roman Empire and stay there for a while and then move forward to do
- 35:38it. So maybe the next time you and I till lot we can do
- 35:40that. But seeing our weapons be made obsolete by cheaper weapons that anybody can
- 35:49get a hold of is one of the ways that a modern empire can fall,
- 35:55you know, in other words, technology changing in a way that's unfavorable
- 36:00or the weapons of the empire. And we kind of are there now.
- 36:04Look at the Kufies. They just enacted a naval blockade without having a navy.
- 36:12They just got you know, little installations in the desert with camouflage over
- 36:17top of them to shootout drones or little missiles or something like that. They're
- 36:21taking out ships and now a lot of insurance companies will no longer ensure cargo
- 36:27vessels to go near the Yemen border. And that's it, you know,
- 36:31and there's not much the US can do about that short of basically bombing those
- 36:37guys out of existence. Yes, so we are in another war. Okay,
- 36:39so we got we're fighting a Ukraine proxy war. We're funding an Israeli
- 36:46whatever you want to call it over there, and now we're starting to respond
- 36:53to the Kufis and Yemen and we're blaming Iran for an attack that just killed
- 37:00a few American soldiers. See where this is going. Yeah, you know,
- 37:02the psychopath neocons in the US are just so happy. You know,
- 37:08Christmas came early for these guys because now they get to declare war in the
- 37:12whole world. And so they're calling for US to bomb Tehran right now.
- 37:17Well, that was McCain bomb bomb Iran. Remember that he did a takeoff
- 37:22on The Boys, Barbara and it was Iran. I'm sorry, Tehran is
- 37:28Saudi Arabia, right, Tran is Iran? Iran? Yeah? It is?
- 37:34Okay, yeah, okay, anyhow, Yeah, see how much you
- 37:37want to bet that a lot of the people calling for US to bomb they
- 37:40were in are completely sure where Tehran is they but were able to find the
- 37:46country itself on a map. You know, I don't I don't think that
- 37:50really matters to the pads, But I think they just want to be bombing
- 37:53people because they think bombing people reads good outcomes. And you know, worst
- 37:59case scenario, you bomb the country back to the Stone Age, you get
- 38:02to sell whatever comes left, you know, or wherever it comes next,
- 38:06all their new weapons. So the defense contractors make money, you know,
- 38:10yeah, because you never see you never see the four hundred thousand dead Ukrainians
- 38:15in any of these calculations, right, It's always well we only spent five
- 38:19percent of our military budget and we degraded the Russian military. It's money well
- 38:22spent. Well not if you're one of the four every thousand dead Ukrainian Broxy
- 38:28soldiers. So yeah, I'm very worried that that's what they have planned for
- 38:32Israel, you know, And I wonder if they want to use Israel as
- 38:37a proxy army against Juan that would be horrendous. So it would be just
- 38:40terrible, beyond belief. But yeah, well it is believable. On the
- 38:45bright side, if you're holding a defense company shares right now, you're doing
- 38:50quite well. Right thee on you know, Lockheed Martin Bowing, Well,
- 38:55not so much Boeing because they're commercial debacle there, man, doll fly on
- 39:00a seven thirty seven max. At least don't sit where you think there might
- 39:07be there might have been a door in the original design. Well see,
- 39:10Okay, there's the ideal investment strategy. Starting at twenty twenty. You buy
- 39:15the pharmaceutical companies, ride them up for two or three years, then you
- 39:20dump them and you buy them the arms makers, ride them through the next
- 39:24five years of global war, and you're rich. So so it all worked
- 39:30out. Yeah. Yeah, if there's any place left to spend your money,
- 39:34my god, you can spend that money. Hey. Yeah, one
- 39:37more thing. We talked about AI, but we didn't talk about these robots.
- 39:42And I don't know if you watched the Tesla Optimus robot. It can
- 39:46like pick up a penny off of the It can thread it almost thread and
- 39:51needle. I mean, these things are coming, John, and they're like
- 39:55that combined with the AI. They're advanced for a BU and the AI.
- 40:00I mean really it's like you know, like think about like they already used
- 40:07robots in like nursing homes in Japan, but you can see the day coming
- 40:13like where they're just going to really replace virtually all manual labor in the country.
- 40:21Oh yeah, except the New Jersey where they allow them to pump gas
- 40:25because humans can't pump gas only well, customers can't pump gas, only gas
- 40:31station attendance because they're highly trained professionals in the art of pumping gas. Well,
- 40:37do you think they'll be allowed to dig graves in the in the pine
- 40:40barrens for the mobiles? You know, they'll the mobile hire an army of
- 40:45them or hate robots. Yeah, well okay, so there there are some
- 40:50other robots that are much scarier than Elon Musk, the Boston Dynamics robots and
- 40:57dance which, as you know, as a white and I know have the
- 41:00idea of everybody being a better dancer than me. But and then there are
- 41:06other robots. You know, those robot dogs that you see everywhere. Yeah,
- 41:08a while ago somebody mounted a fifty caliber machine gun on the back of
- 41:12one of those things. And so now now you've got Ai driving a four
- 41:17legged robot with a gun that can shoot through cars and brick walls and things
- 41:22like that. What could go wrong? Nothing? I can tell those nets
- 41:28next right, yeah, yeah, all right, Well, I think we'll
- 41:31leave it at that and we'll synchronize our schedule so when I'm over in Thailand.
- 41:37If anybody is in Thailand who watches a show like to get together,
- 41:42Hey, just shoot me an email to kl at carrie lets dot com.
- 41:45We also if you have any questions for John or myself. John's substack is
- 41:50rabino dot substack dot com. Go subscribe there, and hey, subscribe to
- 41:57our free newsletter on Financial Survival Network dot John. We will catch up with
- 42:01you in a couple of weeks. Somehow someway so you Carrie, Happy travels.
- 42:05Thanks for listening to Carrie Letz's Financial Survival Network, your solution to today's
- 42:10trying times. For the latest, go to Financial Survivalnetwork dot com. Financial
- 42:16Survival Network now more than ever,