Latest / Financial Survival Network / 2024: Year of the Bank Run with John Rubino #6060

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2024: Year of the Bank Run with John Rubino #6060 · Financial Survival Network

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And everybody will see it as a default. They'll say, oh, comes
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didn't have enough gold to pay off this month's contracts. Well, I want
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to be long the commodity where that's happening on a metals exchange, and then
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people will just buy the hell out of it at pep point, even more
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so than they are now. And I think silver is a bigger candidate for
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that really, because it's such a tiny market. You are listening to Carrie
0:22
Letz's Financial Survival Network where you get valuable information you just can't find anywhere else
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to thrive in today's trying times. You need the Financial Survival Network now more
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than ever. Go to Financial Survivalnetwork dot com and get your free newsletter and
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gift. Financial Survival Network now more than ever. And welcome you are listening
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to and watching the Financial Survival Network. I'm your host, Carrie. Let's
0:54
say. We are just past the first week of May election. Medness is
0:59
heating up, mortgage rates, going up, stores losing doors like never before.
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And wow, where are we heading to next? John Rabino is with
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us now make sure you check out his substack rabinod substack dot com. So,
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John, have we crossed the rubicon yet or is it a few more
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kilometers? As our friends to the north would say, Hey, Kerry,
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well, there are so many things pointing in the direction of you know,
1:27
a crackup boom or something like that where the people just lose baith in the
1:33
currency. So yeah, we could we could go on all day just about
1:36
those signs that are out there. But one of the big ones I think
1:42
is the FED saying, okay, inflation is three to six percent, depending
1:49
on what measure we're using, and our next move is not going to be
1:53
a rate increase. We promise you that, you know, so we're going
1:56
to hold rat steady or we're going to cut them, but that's it.
1:59
And you know, with let's take the high end of the range and if
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inflation is six percent, that's a massive crisis. You know, that destroys
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the savings of the whole generation in a very short time. And no FED
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worth the name, you know, worth the name of central bank would ever
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let something like that happen without tightening to bring inflation back down ideally to zero,
2:22
but at least to their made up two percent target. But apparently they're
2:24
not doing that, And the reason for that is that the system can't handle
2:30
higher interest rates, so what are they going to do? You know,
2:31
you can't tighten monetary policy after you've already spent one on fifty years now borrowing
2:38
more and more money each year to the point where everybody is interest rates sensitive,
2:44
so you you know, you raise interest or even if you just keep
2:46
interest rates the same as they are right now, for very much longer,
2:51
stuff starts blowing up. You know, mortgages seven percent and change right now,
2:54
car loans ten percent plus. I think the commercial real estate thing,
2:59
as you and I I've talked about, is probably one of the big victims
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of that, which means the local and regional banks are one of the big
3:06
victims of this whole thing. So that could be where it happens first,
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but any number of other catalysts throughout their waiting to blow things up. Well,
3:15
you think good twenty twenty four is going to be the year of the
3:17
bank failure. I think bank failures are part of the next six months for
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sure, just because well, here's here's the mechanism commercial real estate. All
3:27
those buildings that went up, especially office buildings, over the past decade,
3:30
were financed with relatively cheap money, and they had lots of people working in
3:36
them, but now money is not cheap anymore, so those buildings have to
3:39
be refinanced at higher interest rates. And after the pandemic, when people found
3:45
out that it's nicer to work from home than it is to commute into a
3:49
city to work in a big cubicle in a high rise, most office buildings
3:54
have lower occupancy than they did, so they're getting here with the double whammy.
3:59
The see is down, which means the cash flow is lower, and
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the interest rates at which they have to refinance are much higher. So a
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lot of these buildings just aren't worth doing that, and so they're changing hands
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at big discounts. So two hundred million dollar building is being sold for one
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hundred and ten million, and in some cases they're being sold for like two
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million. And those losses have to be taken somewhere, right, and they're
4:25
on the balance sheets of local and regional banks. So let your local bank
4:30
report a big loss on its commercial real estate, You're going to pull your
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deposit out you and all the other depositors. That will cause a bank run,
4:39
which breaks the bank, and then that fear will spread to all the
4:44
other local and regional banks. And you'll have a run on a sector and
4:47
the government will have to step in with several trillion dollars. This time we're
4:53
bailout money, which makes it look a lot, an awful lot like a
4:56
pandemic. Right, They're going to have to do something that's on a scale
4:59
of the the stemmy checks, and that led to an increase in the money
5:04
supply of between forty and sixty percent, depending on which measure that you use,
5:10
which in turn led to an inflation rate officially of eight point seventy five
5:15
percent in twenty twenty two, but was really something like fifteen percent, which
5:20
but a huge part of the country in very dire financial straits because they can't
5:26
cover their inflating day to day expenses. So if we do that again,
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I think it'll just tear a hole in the social fabric, you know,
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and will be pre World War two Europe or something like that, where there's
5:43
just battles in the street because everybody's savings have been wiped out and there are
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all these ideologies explaining it and offering to take over in place of the existing
5:50
government. That would happen. So it's not clear how the government gets out
5:56
of making that happen by bailing out all these banks because they're probably going to
6:00
need that bail out. Hey, maybe that explains why the world's central banks
6:05
now hold thirty five percent of the world's gold, whereas a decade ago they
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held four percent. John Well, and it's interesting which central banks too,
6:17
because it's not the US buying gold, and it's not most of it's not
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Western Europe. It's Eastern Europe, China, Russia and India and Turkey and
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then a few other countries. But they're buying the hell out of gold really
6:30
because of those central banks alone, not counting the individual citizens of those countries
6:36
who are also buying gold really aggressively. But just the central banks bought one
6:42
thousand tons of gold in each of the last two years, which is a
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huge off take in a market where the world's minds only produced like four thousand
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tons. So it's one, you know, it's twenty five percent of the
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market being snuffed up by basically new buyers. And that's part of why gold
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has gone from seventeen or eighteen hundred dollars an ounce a couple of years ago
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up to twenty three ish right now, you know, And that's a nice
7:08
move, but it's nothing compared to what happens if these trends continue, because
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it's it's not clear where the extra gold comes from. If China and Russia
7:18
and India keep on buying it, and then everybody else normally buys gold keeps
7:23
on buying too, so we could have a shortage of available metal, which
7:29
causes some of the metal exchanges to stiff their futures contract customers, in other
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words, saying well, yeah, you've got a futures contract that's worth this
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much gold, but we're just going to give you cash instead. You know,
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I know they're allowed to do that. There's a are Yeah, they're
7:46
allowed to do that, but it still constitutes a de facto default, and
7:53
everybody will see it as a default. They'll say, oh, comes don't
7:56
have enough gold to pay off this month's contracts. Well, I want to
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be long the commodity where that's happening on a metals exchange, and then people
8:05
will just buy the hell out of it at pep point, even more so
8:07
than they are now. And I think silver is a bigger candidate for that,
8:11
really, because it's such a tiny market and it's already in a fairly
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extreme deficit industrially. In other words, solar panels and microchips, etc.
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Et cetera are using more silver in a given year than the world's minds are
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producing. So there's a deficit, and there at least one analyst is out
8:33
there saying, Okay, we can cover that deficit for now, but within
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two years we won't be able to anymore. The above ground stocks of silver
8:41
will have disappeared, and then the only thing that's left is pricing to bring
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the deficit back into balance. So the price of silver is going to have
8:50
to go way up, and that's where you get the possibility for a default
8:56
on an exchange. And if that happens with silver, it's just such a
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tiny market. You could get like the bitcoin level rice move, where silver
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goes from thirty five dollars an ounce to seventy dollars an ounce in a heartbeat,
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just because there's no more left and the comex has defaulted, you know.
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And I think that's one of the really interesting prospects out there in precious
9:18
metals. The kind of world where precious metals are doing that, where they
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have that kind of a trajectory, is a stressful world. But I think
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we kind of guarantee a stressful world in any event, So we might as
9:30
well make a lot of money from our silver longs while we're waiting for the
9:35
world to end. You know, we die rich when the missiles climb.
9:41
I guess that's what counts in the end, right, Well, you know,
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well we at least I have missed the other saying of live fast,
9:50
die young, and leave a good look looking corbs. But maybe maybe we
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still have a chance at the guy who dies with the best toys. No,
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that's possible. Hey, so what about all these retailers closing their doors
10:07
here, even like CVS and Walgreens? And it seems like a lot of
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it is from retail theft, but a lot of it is also from lack
10:20
of sales, right, slowing sales. Well, there's a couple of things
10:22
going on right now at a ground level in retail. One is, yeah,
10:28
cities are so stupidly run they basically legalize crime. In California, shoplifting
10:33
is legal for all intents and purposes. So how would you like to be
10:37
behind the counter at Walgreens in San Francisco or something like that when people just
10:43
walk in start shoving things off the shelves into a backpack and then just look
10:48
at you, like do something about that, you know, and you're not
10:52
going to risk your life to protect and then they would fire you, and
10:54
then if you do, you get fired. Right. Yeah, there's this
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great video out there, and I don't know where this took place, but
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this guy behind a counter somewhere and somebody else comes in with a hoodie on.
11:05
You can't see his face. He jumps over the counter and the store
11:09
clerk pulls out a knife. Yeah, grab that guy instead starts stabbing he
11:13
move. Yeah, well deserving, but a good signal to send to the
11:20
world's shoplifters, though, right, because yeah, I mean that's the kind
11:26
of thing that has to happen in some way, some level. I mean,
11:28
the shoplifters eventually will be lucky if it's just knives, right, because
11:33
somebody's going to pull out a shotgun at some point. There's going to be
11:37
a video of somebody just blowing a thief in half. And I'm not saying
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I want that to happen, and I'm not saying the thief deserves to be
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blown in half, But you kind of lose control over what you get to
11:50
say. You deserve when you do stuff like that, you know, but
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that's going to be on YouTube, and that alone, that one video will
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lower the incidents of shoplifting grammatically so. And I think with governments having abdicated
12:05
their role in controlling crime, maybe the vigilanbe sector is going to have to
12:11
do it or governments. I don't know, but I think that's an inevitability.
12:16
And that knife video, the thing is, we don't know if that
12:20
guy with the knife is now serving one hundred years in prison about or something
12:26
like that, which kind of hit up later. It was in New York.
12:28
Yeah, it was in New York. They would lock that guy up
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in art. Yeah, the bodega owner guy that Trump went to a visit
12:37
there. That's exactly what happened. He killed the guy who tried to hold
12:41
up the store and was threatening to kill him. He gets indicted by the
12:46
same prosecutor who's persecuting I should call him the persecutor. He's persecuting Trump.
12:52
And then eventually there was such an uproar that they they finally dismissed the case,
13:01
but not after he spent like a week in Rikers Island. Disgusting.
13:07
Yeah, well, there's a saying, now, the prosecution is the punishment,
13:11
So it's not even that they intend to convict you, it's just that
13:16
they can put you through a meat grinder in the criminal justice system where yeah,
13:20
they lock you up in Rikers Island and then they delay your trial for
13:26
six months and your lawyer is charging you hundreds of thousands of dollars when you
13:30
don't have anything like that, and then they just let you go. But
13:33
in the meantime they ruined your life. So that's another way the system has
13:37
been weaponized against people, and I really hope that we fix it instead of
13:46
just whatever parties in power uses it for revenge against what happened to them when
13:52
they were out of power. Because then we're just going to go back and
13:56
forth with this kind of thing forever. So at some point some resident is
13:58
going to have to step up and say, we're just going to use the
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criminal justice system more legitimate crimes for well tended Yeah, yeah, it's intended
14:09
purpose, no political persecution, nothing like that. We're going to step back
14:13
and our opponents can rest assured that unless they commit a blatant crime, the
14:22
DOJ is not going to come out to them. Somebody has to say that,
14:24
and I don't know what the political calculation will be, whether that's seen
14:28
as a good thing or a bad thing for the base, but somebody's got
14:33
to say that to keep us descending into civil war. Well, you know,
14:37
they would say that that's exactly what they're doing by prosecuting Trump and all
14:43
these other so called election deniers and January sixth people, all of that.
14:48
And you know the case before the Supreme Court. Now, they basically used
14:54
a Financial Criminal Act that was passed to address the ENRA on fraud to put
15:01
all the Giant sixers into prison for twenty years. And now the Supreme Court
15:07
looks like it's ready to revoke that. And you know, like, really
15:13
here the rageous these Trump prostitutions are just falling apart, and they're not even
15:20
having the desired effect because they thought, well, we indicted ninety two times.
15:24
Nobody's going to vote for a guy who's indicted ninety two times. But
15:26
you know, the black community is looking at this and going, uh,
15:30
yeah, that's how the criminal justice system treats us. And so now they're
15:35
they're identifying with Trump, and I think they're re crested with his resilience because
15:41
they know how hard it is to stay normal when you've got the criminal justice
15:46
system trying to put you away from life. That's not the kind of thing
15:48
that you can just forget about and go about your life. And Trump's doing
15:52
it. He walks out of that court room and he's he's talking trash about
15:58
the judge, and you know, he's not backing down at all. I
16:00
think black guys in particular appreciate that they can identify with it, and they're
16:07
impressed with how Trump's handling himself. So you know, the Democrats are losing
16:12
a big chunk of the black book, which is has got to be freaking
16:15
them out right now, Hey, all these things, you know now that
16:18
judge is talking about holding them in contempt and putting them in jail, and
16:23
the Secret Service is like, what are we supposed to do because we're going
16:27
to protect this guy twenty four to seven, So we got to have three
16:33
guys in a cell with him, and they're going to be armed. You
16:37
can't go with jail ever with a gun, you know, anybody, And
16:42
you know this is my sird, right, I didn't think of that.
16:48
That's hilarious. Oh my god. You know there's a screenplay in that too.
16:52
Can you imagine, you know, you the story of somebody going to
16:56
the president, going to prison and then what from the point of view of
17:00
the Secret Service agents? That's how you would have to write that, what
17:04
if he gotten us into Now guy is a lunatic, but now he's really
17:11
he's just gone past the point, you know. Oh, it's like the
17:17
judge can theoretically do this now? Low The New York has some or once
17:23
upon a time when I practiced law, there had some decent judges and they
17:27
weren't all political ideologues. But they're letting this judge go on. Here judge
17:34
who is out of control, clearly conflicted, biased, hates Trump's guts.
17:41
That's okay. You know I always said, any good lawyer, your job
17:45
was to make the judge hate your adversary more than he hates your client.
17:49
And so that's okay. But but this judge is like off the rails and
17:57
the case is absurd. I mean, hey, did you ever imagine that
18:03
your best witness would be somebody named Stormy Daniels? Okay, so this is
18:08
the Stormy Daniels case we're talking about, right, Rachel's the blush money case.
18:12
Yeah, the so called blush money case. Well, it's like he's
18:15
being indicted for getting extorted. I saw a podcast the other day in which
18:25
a lawyer was saying that the definition of election fraud is that you're doing something
18:33
that could only be in the service of your campaign. That's the only way
18:37
you can commit an election fraugress. And a guy's paying hush money to a
18:45
woman that he had an affair with and him a guy is married, can
18:49
be for a lot of different reasons. So there's no way that that even
18:52
fits the definition of the crime, right because he could have just been trying
18:56
to save his marriage. Anyhow, that's the lamest of the the crimes.
19:00
And you know what, the the document's case just fell apart. Yeah,
19:07
that loan up. They all learn it, right, Yeah, the FBI.
19:11
Surprise, surprise, the FBI. Yeah, by altering evidence. Yeah,
19:15
you know, I think you could make the case. The FBI just
19:18
needs to be disbanded now because they're you know, they're they're involved in every
19:25
kind of crime from the inception. You know, they're creating times and then
19:30
tricking people into joining and then arresting those people, and at the very top
19:34
of the food chain, they're framing residents. Yeah, and yeah, you
19:41
know who who would you fire in the FBI? It would make sure that
19:45
you, yeah, exactly, wouldn't you fire like every manager there? And
19:49
you look for like the young bucks, who who the whistleblowers and you put
19:55
them in charge? Right because this corruption is just beyond the pale. And
20:00
that goes back to the Gretchen Whitmer case where those guys supposedly wanted to kidnap
20:04
her and kill her. And and now the the evidence is coming out that
20:11
they were actually, you know, framed for this. They were you know,
20:18
it's basically entrapment. And man, you know, like you just you
20:22
can't make that stuff up. That that is the most hilarious story. I
20:26
mean, it's not hilarious because it's the government framing citizens for a crime.
20:32
But in the car when they were going in theoretically theoretically going to do the
20:37
crime, going to actually kidnap the governor, it was what five FBI,
20:41
five beds and a couple of suckers that they groped into this. Oh yeah,
20:48
god, and where we're a banana republic right now and the fix is
20:53
really not clear because it's it's institutional it's from beginning to end, top to
20:57
bottom in these organsations. And I'm liking the Vakramaswami's plan of just on day
21:06
one firing seventy percent of the bureaucracy and just do it alphabetically. You know,
21:11
everybody with S their name begins with an S, they're out, and
21:15
the tea's they get to stay, because how else do you decide you can't
21:18
trust anybody? Yeah, yeah, well that was always my theory when you
21:22
had like a snowstorm in Washington, DC, because they totally can't maintain the
21:27
roads there in a snowstorm. They don't know how to do it. And
21:30
then they say only essential workers come to work. Everyone else stays home.
21:37
So everyone that comes to work you keep, and then you fire everyone who
21:41
stayed home because they weren't essential. Right. I like that. That's way
21:45
better than the alphabetical thing. Yeah, so yeah, okay, i'd extend
21:49
we get that, but then okay, yeah, but we're just talking government
21:53
employees, right, because otherwise you'd have, like you were, oh,
21:56
we're keeping the massage parlor people on in the liquor store, Guyler, Yeah,
22:03
yeah, okay, but yeah, I like that you keep the guys.
22:07
You keep obviously keep the at ground level street level police, and you
22:11
keep the people who who keep the roads clear. Yeah, and am I
22:18
thinking of is there everybody garbage STILLCRC? Yeah, flows obviously kind of have
22:25
the snowplows there, right, Yeah, I carry this is good. Yeah,
22:30
this is sort of what the guy in Argentina did where he just fired
22:33
half the government. Well, so now if we combine what the L.
22:37
Salvador guy did and the Argentina guy, because the L. Salvador guy just
22:41
went out around and rounded up all the obvious criminals and put them in giant
22:45
prisons, and the Argentina guy he just fired half the government. So we're
22:51
you know, we're seeing a lot of experiments being conducted out there that,
22:56
if they work, are going to be really good templates for what we did.
23:02
Hey, so I have like a little secret to tell here. You're
23:07
going to definitely want to be at Freedom Fest in Vegas July tenth to the
23:14
thirteenth. I believe it is because I think Melay is going to speak there,
23:21
all right, the president of Argentina, And all right, I'm probably
23:26
not supposed to say this, but there is a good possibility that Trump is
23:33
going to be there again too. He was at the twenty fifteen Freedom Fest
23:40
and like two days after he or like two weeks after he went down the
23:45
escalator at Trump Tower, and he's speaking at the Libertarian Conference. That's a
23:53
couple of weeks before. I think he might be at Freedom Fest. I
23:56
don't have any official word, but I told Mark Scows, and he wants
24:00
this to be a great year for Freedom Fest. You've got to get him
24:04
back. So can you imagine Melee and Trump and they meet and then Trump
24:10
becomes a born again libertarian. Would Trump named Malay as his vice president?
24:18
Probably not right, because the guys he could do it. There's one way
24:22
he could do it, because I think that he can just make anybody a
24:26
citizen as president. So he could first pronounce that Melee is now an American
24:33
citizen, and then he would be eligible to be vice president. No,
24:37
oh, to be vice president maybe, but you can't be president if you
24:41
haven't been born here. Well, i'll work for Obama. Yeah, if
24:47
you could get the same forger who did Obama's birth certificate to do Meles,
24:52
I think we could do better. Well, you know, okay, one,
24:56
we're probably running out of time. So one one quick vice president story.
25:02
The Christinome thing is just too hilarious not to mention, because you know,
25:07
she writes a book in which she shooting a puppy. It wasn't even
25:11
a dog yet, it was like fourteen months old, so it was a
25:14
puppy and it wasn't behaving. So she took it and she shot it.
25:17
And then she thought, well, while I'm doing this, let me get
25:18
that goat I don't like, and she bought a goat down and shot it
25:22
too, and following scores. Here's the funny part of the story, or
25:26
the really what if are the story? Because what if Trump named her as
25:30
his vice presidential pick the day before that book came out, you know,
25:34
because he's looking at people right now, could have he couldn't named somebody and
25:40
she was, you know, top of the list on paper because she's gorgeous,
25:45
she's conserved him. She hunts, she runs cattle and stuff like that.
25:49
She's from the state that is a must carry and must carry right yeah,
25:56
yeah, her part of the Must Carry Scared book. That's those are
26:00
the best states. Yeah, but not not, you're not you're allowed to
26:04
you must him Yeah yeah, but can you imagine what what the news would
26:11
be like today if Trump named her his VP pick three days ago and then
26:15
that book came on. Oh you know what, I think Trump would brazen
26:18
it out. He'd be like, well, yeah, dog doesn't behave he
26:22
put it down. That's it. You know, he's not a real butt
26:25
by either Trump. But you know, like, what is it about those
26:29
people in the northern Midwest, like she's more ruthless than Dick Cheney. Well,
26:37
something Dick Cheney would have done that. I mean, that's That's one
26:40
of the things about ranching and farming is that the animals have roles to play,
26:45
and as soon as they're not contributing to the bottom line in some way,
26:51
they're killed. They get shipped off for butchering, or you just you
26:53
know, you shoot them. That's how farming works. But that's not something
26:59
that you you brag about in a book when you're trying to get the suburban
27:04
wine moms to book for you, you know, because yeah, yeah,
27:11
over the dog's name was Cricket. She shot cricket. Yeah. Can you
27:18
imagine you know, when when what's his name? Mitt Romney was running for
27:25
president and in his book he mentioned that he tied the dog to the top
27:29
of the car when they were traveling someplace. Remember all the grief he got
27:33
about that. Yeah, but that's see, that's clueless white privilege, right,
27:40
That's just a dumb thing to do. You know, he didn't intend
27:42
to go. There's actually a movie. I can't remember what the movie is,
27:45
but they're they're going somewhere and they're in a hurry, and they get
27:49
there and they see that the dog's leash is hanging out the window, but
27:53
there's no dog attached to it anymore. So, yeah, Mitt Romney,
28:00
maybe that inspired the that scene in the movie what it Romney did. But
28:03
yeah, I don't know. Now, I don't know who Trump is going
28:08
to pick. And the list is down to people now that I don't care
28:15
that much about, because Tulsa Gabert is apparently not on it, and the
28:18
big Rauma Swami is not on it. So you know, if I was
28:22
Trump, I would just I would just you know, hire Ramaswami and and
28:30
Tulsa Gabbard just for something, and you know, just like, Okay,
28:33
they're in my cabinet. Somehow, I'm gonna put him in charge of all
28:36
kinds of cool stuff and Kennedy too, you know, just announced that Kennedy
28:40
is your is replacing Fauci, and r Swami gets to decide who is fired
28:45
in the government, and Tulsi Gabbert is the Defense secretary, right, and
28:49
get ready for the mother of all measles outbreaks if Kennedy becomes uh replaces a
28:56
doctor fraud cheek Hey, in my opinion, the only guy he should even
29:00
think about picking. And I don't see him there. But I don't believe
29:03
that those four finalists are really the finalist. That's not Trump's way. His
29:11
way is to make you look there and then you miss what's over there.
29:14
To me, DeSantis makes the most sense because that's a guy who can actually
29:18
get stuff done. He's proven himself over and over in Florida. It's problems
29:25
he hasn't solved to your like insurance and condo crisis that's going on now,
29:30
But that guy generally knows how to run stuff. And you know, I
29:36
don't believe that their fight was ever real. You know, I think it's
29:40
like Trump always needs an enemy. That's when he looks best, whether it's
29:45
Rosie O'Donnell or Joe Scarborough, whoever it might be. He looks best when
29:53
he's got an enemy, and I think it was all for show. Peter.
30:00
I'm going to take the other side of that one, caring because I
30:03
because DeSantis never would have gotten elected if Trump hadn't stepped in and endorsed him
30:11
twice, once in the primary, once in the election, and DeSantis was
30:15
so disloyal. I mean, most a normal person in that situation where we
30:21
where your entire career is basically owed to this guy who helped you out,
30:26
you don't immediately run against him. You know, I think DeSantis did something
30:30
that Trump probably thinks he is kind of unforgivable because it's so disloyal. But
30:36
having said that, I think you're absolutely right. He would make a killer
30:38
vice president because he can he can govern, he just can't campaign. So
30:45
you know, you take him, you put him in charge because basically what
30:47
he does in Florida, as soon as there's a problem out there, DeSantis
30:51
figures out legislative fix for that problem, brilliant. And so you just do
30:57
that in a national scale, goes I don't like what's going on over there,
31:02
and then DeSantis comes back in three days and Okay, I got Congress
31:06
to agreed to this law that's going to just eliminate your problem. He could
31:08
do that over and over again, you know, and I think it'd be
31:11
great. But yeah, but Trump has to get over the anger that he
31:18
no doubt feels about this kind of stab in the back that disunderstand. But
31:22
that would be that would be the best That would be the best possible choice
31:26
for Trump to day. Yep, definitely, But in any event, it
31:32
doesn't matter what we think. In the meantime. There's a long time between
31:37
now and November. But it sure looks like like they're imploding, you know,
31:41
the the Biden regime. The Democrats seem to be imploding here. So
31:48
it looks like they're not going to get it's possible that they will not they
31:52
will not get a single conviction out of all these made up cases that they're
31:59
trying against Trump. But meanwhile, the border is still open, and World
32:02
War three is right up the version happening. It's astounding. You know.
32:06
If it wasn't for ro versus way being overturned, I think there would be
32:10
no choice or no no chance. The Republicans will win one hundred percent for
32:15
sure. But abortion is now on implicitly on every state ballot, and that's
32:22
a huge deal. You know, you you can't. It's hard to win
32:27
the suburbanites. The suburban vote, yeah if if they don't like your abortion
32:32
politics. But but the issues of the unbridled you know, open borders,
32:39
the crime, and the wars, I think could eclipse that issue. You
32:46
would think that it would. And you know Trump's I guess he's handling it
32:51
pretty wisely because he's saying, look, the states are going to figure this
32:53
out, okay, because half the Republicans apparently want to impose a national ban
32:59
on abortion, and they want to they want to make California and New York
33:02
abortion FREEID Like, God, that would be an insane thing to do.
33:07
But Trump is like, no, no, states are going to handle it.
33:09
We we got rid of roversus way just like you, meu Christian conservatives
33:15
wanted. Now you have to back off while we let the states handle this.
33:20
Do not try for a national law on abortion. Yeah, it is,
33:23
but but you know, if the presidential candidate is saying it, that
33:28
means the party is endorsing it. So that's okay. Trump can he can
33:34
impose his will on that issue. It's just my feeling if it wasn't for
33:37
abortion, there'd be a lot more Trump children running around. Just my own
33:43
personal view on things, John. Okay, I could say a pretty funny
33:50
thing, but I don't think it would play very well. I'm not going
33:53
to say yeah, all right, then we'll end it on a note of
33:58
censorship self centership. Best kind is then the government doesn't have to step in
34:04
because you already did their work for them. Hey, make sure you go
34:07
over to John's substack rabino dot substack dot com our site, Financial Survival Network
34:14
dot com. Show notes there but John's substack and I'll take you right to
34:19
it and sign up for our free newsletter. John. We'll talk to you
34:22
in a couple of weeks. Okay, thanks for listening to Carrie Letz's Financial
34:27
Survival Network, your solution to today's trying times. For the latest, go
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to Financial Survivalnetwork dot com. Financial Survival Network now more than ever,