Latest / Financial Survival Network / Experts Surprised — Gov’t Admits High Inflation — John Rubino #6022

Transcript

Experts Surprised — Gov’t Admits High Inflation — John Rubino #6022 · Financial Survival Network

0:00
Experts are surprised that the government admits that inflation is hired and expected, because
0:05
you know they lie. They in the past twenty or thirty years, they
0:09
have lied about inflation regularly by using statistical tricks like hedonic adjustment and substitution.
0:16
So they've suppressed the truth about the increase in the cost of living. But
0:22
it's getting harder in order to do that because people know what the cost of
0:26
living is. Now. We're all paying attention. You are listening to Carrie
0:29
Letz's Financial Survival Network, where you get valuable information you just can't find anywhere
0:35
else to thrive in today's trying times. You need the Financial Survival Network now
0:41
more than ever. Go to Financial Survivalnetwork dot com and get your free newsletter
0:47
and gift. Financial Survival Network now more than ever, and welcome you are
0:56
listening to and watching the Financial Survival Network. You Carrie Luttz, as you
1:00
can see, having a little eye problem here a block to gland and so
1:06
I am just putting on these shades here. I don't know what's more distracting
1:10
here, John, the eye or the shades. Carry you look actually cool
1:15
today? I got it. I'm cool man. Well, there's a guy
1:19
who does like one of these red pill channels and he wears shades you don't
1:26
even know his real name, and he does it from his car. I
1:29
was thinking, you know, I could actually do this for my car and
1:32
it would probably be okay. Right. You know, as much as you
1:37
travel, you might as well set up to do podcasts from your car because
1:41
that would be really convenient. It's easy, it really is. You know,
1:47
Hey, the video, you can't be moving around for the video,
1:51
obviously you can't be staring into the camera, but for for audio, it's
1:57
simple. So hey, bitcoin man, Like you know, I've been at
2:02
bitcoin skeptic, but I've always been buying and selling it. Now I've been
2:07
buying it more than i've been selling it. But it's set another record again
2:10
today. By the way, it's March thirteenth. We're doing Wednesday instead of
2:15
Monday, and set another record, broke seventy three thousand. I think the
2:20
floodgates open up, John when it hits seventy five thousand to such an emotional
2:24
market with so many novice investors involved, that when they see those round numbers
2:30
they go wild, just like seventy thousand. Yeah, yeah, it can
2:35
either be resistance or it can be the old resistance of the news support when
2:40
something breaks through it and yeah, you know bitcoin, how many times has
2:45
bitcoin done this? It starts out low and then has an insane run like
2:49
you know financial history size run, and then it corrects and then it does
2:54
the same thing again. So it's progressed price wise in waves this inception,
3:00
and the you know, the waves have been orders of magnitude beyond the trops
3:06
that came previously. So, uh, you know, it's an emerging asset
3:08
class. I still don't know how it's going to play out, because we
3:14
got it at least two hurdles or Bitcoin to clear. First is the use
3:19
case. You know, it's got to start being actually used as money rather
3:23
than a tradable asset. You know, and at some point you're going to
3:25
have to be able to ort to be money. You're going to have to
3:28
go into Costco or something like that and be able to buy a s touch
3:31
And I know that it's conceivable to do that now, but I mean normies.
3:36
You know, somebody like me has to be able to go into Caisco.
3:38
You're a normy, You're not as well as far as financial technology,
3:43
goes. You know, when I learned how to do it, then most
3:46
people will know how to do it. And then but the other hurdle is
3:50
the bigger one, and that is what will governments do when Bitcoin turns into
3:55
a threat to national currencies? And you know, what happens if they try
4:01
to make it illegal or will it turn out to be impossible for them to
4:05
make it illegal. We'll see, But those are hurdles that have to be
4:10
overcome. And in the meantime, there's plenty of money to be made for
4:15
a bitcoin bull just by riding this thing. You know, we don't know
4:16
where it's going to end up. Don't know whether it ends up being actual
4:20
digital gold or just something that people made a ton of money on for a
4:26
while. You know, we'll see it. But right now, good times
4:29
for bitcoin guys. And you know, a big part of the recent thing
4:32
is all these bitcoin ETFs, and it looks like they're going to bring out
4:38
etherarium ETF pretty soon here, and then the question becomes how far down the
4:43
food chain can you go with a crypto etf, you know, or we
4:46
get avadoche coin fun pretty soon, you know, And in this kind of
4:50
world, it's easy to laugh at that, and then it might actually turn
4:56
out to be true, just because this is such a crazy financial world,
4:59
so we'll see, but fun to watch. Hey, so about those ETFs,
5:03
you know, it's skeptical at first because they're really ETPs, which are
5:08
exchange exchange traded products, which by its definition, if you look it up
5:15
in Wikipedia, it implies that it's a tracking ETF, but which means that
5:23
you really have to look at the documents to figure out whether your ETF is
5:28
actually holding crypto or it's holding options and futures on crypto, in which case
5:34
it's going to have time decay and everything else, and it's all in the
5:39
documents, you know. And to me, it's like they're going to hold
5:43
physical bitcoin, right, So just like the ETFs like GLD and SLV hold
5:48
physical gold. Right. Well, you know in theory the gold and silver
5:56
and ETFs do go out and actually buy physical put in a vault. Okay,
6:00
And yeah, you know, I really don't know what the procedures are
6:08
for theseztfs, I mean bitcoin. But the huge run that we're having now
6:14
coincided with the launch of all these CTFs. So assuming there's a relationship,
6:18
there was clearly a positive relationship, and there's no reason to think that if
6:26
it's positive now, it will continue to be positive as long as there are
6:30
capital inflows into the ztchs, you know, the funds flows reversed, then
6:34
presumably the relationship will be reversed. But we'll see for now. You know,
6:39
it's all supply and demand, right, I mean, and bitcoin is
6:43
more supply, and bitcoin is perfect thing because there's no physical backing to it,
6:49
right, There's no physical commodity, so it's strictly going to trade on
6:55
supply and demand, which is going to be dramatically affected by emotion. And
7:01
then if you buy into the cycle argument, like Charles Nenner said, hey,
7:05
this is the easiest cycle in the world to predict. I mean,
7:10
I didn't see him predicting bitcoin was going back from seventeen thousand to seventy three.
7:15
But in terms of short term moves, really easy to predict. But
7:20
the other thing is emotions are so transitory, kind of like our inflation.
7:29
Here they come and they go, and you know, like you're happy in
7:32
the morning, you're unhappy at lunchtime, and then you're happy again at dinner,
7:36
and that could be influencing your trades on these cryptos. So my point
7:41
is they're super volatile because they trade purely on emotion combined with pure supply and
7:48
pure demand. Yeah yeah, And you know, again, as an emerging
7:56
asset class, there's nothing really to hang your hat on. You can't come
8:00
up with an intrinsic value or something that is basically a digital thing, you
8:05
know, a digital asset that has no real you know, history of relating
8:13
to anything in the physical world. So it you know, I'm sure there
8:20
are trading systems that work with bitcoin, but they aren't. There aren't things
8:26
like pe ratios or you know, the gold silver ratio or any of the
8:31
other things. There's no fundamentals, interest rates, relative to dividends, there's
8:35
nothing like that. And you know, if you assume that it ends up
8:41
being money, then you've got to measure you know, you've got all the
8:46
currency that's going to replace out there, and you can compare bitcoin's market cap
8:52
to the amount of currency in the world and get extremely undervalued. You know
8:56
that that would be the response. You're thinking of it as a replacement for
9:00
gold at the center of the global financial system, and I think that's that's
9:05
the rationale for a lot of bitquin maximalists. They see the endpoint where bitcoin
9:09
becomes the world's money, at which point it's worth you know, ten million
9:15
dollars per bitcoin or whatever or more. So they don't care about the squiggles
9:22
in the meantime, and you know, we'll see it's I am much more
9:28
comfortable with precious metals because they're more understandable as a play on long term monetary
9:35
trends, and so far, so good with them. You know, gold
9:39
is working out. It's basically doing what it's supposed to do. You know,
9:41
it's supposed to protect you from depreciation in the currency, and it's doing
9:46
that just fine. You know, you go back to well, go back
9:50
to wherever you want to go back to, and then you get basically gold
9:52
increase in more or less enough to offset inflation. So that's that's working out
9:58
really well. Now the question for gold and silver is are we getting towards
10:05
the end of a bull market which is usually manic for precious metals. You
10:09
know, you get two or three years where people have decided that that this
10:13
is the new money. You know, it's over for the p O Curren
10:16
season. We're just going to buy gold and silver as a replacement and they
10:20
pay any prints, and so you get a parabolic, straight up move,
10:24
And it would be nice if this was the time for that. I don't
10:28
know yet, but I think that time is coming. You know, we're
10:31
going to get another nineteen seventy nine to nineteen eighty or two thousand and eight
10:39
to twenty eleven kind of moves here pretty soon where precious metals just go paarabolic,
10:43
And lately, you know, we've been seeing hints that that might be
10:50
conceivable. Now, okay, so I'm going to run a conspiracy theory by
10:54
you, because you know, we love to deconstruct conspiracy theories here. But
11:00
what if the government's new found respect for lack of a better term, or
11:07
acceptance of cryptocurrencies, as evidenced by the SEC approving all of these spot crypto
11:18
spot bitcoin ETFs, what if that is just to further siphon money from precious
11:24
metals into cryptos so they can kind of like help negate the canary in the
11:33
coal mine or canary in the gold mine properties of precious metals. You think
11:41
they would be this smart that they could think of this, John, I've
11:43
seen that theory out there. Basically, the theory goes that bitcoin is an
11:48
on ramp for central bank digital currencies. In other words, you get people
11:54
used to digital forms of money that maybe trade on a blockchain and get um
12:01
comfortable with it, get a lot of their capital into it, and then
12:03
you co opt it, or you make bitcoin illegal and force people into fed
12:09
coin or whatever, you know, And it's conceivable, conceivable in the sense
12:15
that it would fit that theory if that theory was real, and you can't
12:20
put anything past the guys who are in charge of the global financial system and
12:24
the military investoral complex, you know, they would they would happily murder millions
12:31
literally in order to end up being in charge of the world ten years from
12:35
now. And if that means tricking and then bankrupting huge numbers of today's bitcoin
12:43
officionados, they would totally do it, you know. And I don't think
12:48
that's a high probability conspiracy theory, But I also don't think you can put
12:52
anything past the guys that are basically trying to destroy the global financial system order
13:00
to take it over at some point. You know, they're clearly trying to
13:03
do that. So yeah, So the thought being that, you know,
13:07
if we assume that crypto is really help keep the precious metal prices down,
13:15
right, which I think there is an argument to be made for it,
13:18
and certainly the junior mining sector. And we can get more people to put
13:22
more money into crypto and ignore precious metals while us and our friends scoop them
13:28
up for the eventual New World Daughter or whatever it's going to be. Then
13:33
all of this kind of makes sense, right, Yeah, I mean that's
13:39
that's understandable strategies too. You are, you suppress the price of gold while
13:45
you vacuum it all up. Then you make private ownership illegal, and then
13:50
you devalue all the world's currencies against gold, and you end up holding the
13:54
valuable asset while everybody else is holding these increasingly worthless pieces of paper. Then
14:01
you heard everybody into digital currencies that you use to control them that are mainly
14:07
means of control, not yeahual financial instruments. Yeah, you know that's all
14:11
possible. That's why, right, that's why we need to be owning as
14:16
much physical gold and silver as possible and the means to defend them. Okay,
14:20
so gold, cyber and yeah, ballistic precious metals as we call them
14:28
in the trade here, and speaking of all these theories. One theory that
14:33
isn't a theory. Inflation came in hotter than expected, not that you and
14:39
I didn't expect it to, but that the economic experts who get paid six
14:43
figures and seven figures where their pearls of wisdom, were surprised. I mean,
14:48
you could write these headlines experts surprised by high inflation, the print high
14:54
Inflation report. But who are these experts and are they really surprised? Well,
15:00
you should read experts are surprised that the government admits that inflation is hired
15:05
and expected, because you know they lie. They in the last twenty or
15:09
thirty years, they have lied about inflation regularly by using statistical tricks like hedonic
15:15
adjustment and substitution. So they've suppressed the truth about the increase in the cost
15:22
of living. But it's getting harder and harder to do that because people know
15:26
what their cost of living is. Now we're all paying attention to what Hamburger
15:31
costs at Costco or Wolmart or Kroger or whatever. And and you know,
15:35
chicken and green being you know, you name it. People who buy it
15:39
and eat it regularly know how much it's up. And we're you know,
15:43
we're talking twenty or thirty percent in most cases, so it's not two or
15:46
three percent. But even so, when when the government admits that inflation is
15:54
three or so percent, which they are admitting now, and the service side
15:58
of inflation is actually higher than that, it's running it like eight percent,
16:02
and so when they admit that at the same time they're talking about cutting interest
16:07
rates, what they're actually saying is that they're ready to capitulate, ready to
16:11
give up on that two percent inflation target and just go with whatever it turns
16:19
out to be. So two or two and a half, three percent,
16:22
four percent or whatever, they're going to start cutting interest rates pretty soon.
16:26
Now. There's probably a lot of pressure on the well, there's pressure coming
16:30
from two different directions. One is let me okay, three different directions On
16:36
the you got to cut interest rates side, There is a crisis brewing in
16:41
commercial real estate. It's going to spread to local and regional banks, which
16:45
is going to be catastrophic. So you need to cut interest rates to make
16:48
life easier for those banks so they don't all blow up at once. Second
16:52
thing is it's an election here. Government. City government really wants lower interest
16:59
rates into the election, and so that's a very big deal from the point
17:03
of view of the view of the FED, because that's there Fed's employers,
17:07
you know, the guys who are in stock in the big banks, the
17:10
guys who run American monetary policy, the guys who decide who gets invited to
17:15
the dinners in Washington, DC. All of them want They all want it
17:18
lower interest rates, and the FED knows that. So that's the pressure on
17:23
lower interest rates and then to keep rates higher. That pressure is coming from
17:29
the fact that inflation really isn't dropping like a rock. You know, it's
17:33
gradually irregularly down, but it's kind of stalling right now at three percent of
17:37
change official which means five or six in reality. And for the FED to
17:44
start cutting interest rates in the face of inflation that is flat to rising into
17:49
the threes and fours, that is, that is a profound capitulation there.
17:56
That is the FED saying, you know what, we do not care about
17:57
inflation anymore. Get rid of your dollars, because that's basically the signal that
18:03
it sends. When the government is explicitly inflated away your currency and not even
18:10
pretending to care about price stability, you need to be out of that currency.
18:15
So that's when you want a pile of silver coins so big that you
18:22
can't even completely open the door to the room where they live. And you
18:26
know where we're heading for that time, So the stackers out there. Unless
18:30
you're completely done, you may want to accelerate the process. Well, you
18:36
know one group of people who don't care about inflation or shoplifters, is they
18:42
figured out a way to not have to worry about rising prices, and that
18:48
ties in with defund the police and Pittsburgh. You know, they're not going
18:53
to respond to anything now but emergency calls during the day. Well, okay,
19:00
we'll get to the police. Let me let me address the shoplifter thing.
19:03
I think they do care now because inflation might push up their normal haul
19:11
above the nine hundred dollars level in California and that would make them that would
19:17
make a grand theft or whatever, you know, because now it's a it's
19:21
a misdemeanors. Why an't you stay below that? They just got you lose,
19:26
you know, But if it gets above nine hundred, then you risk
19:30
some jail time. And so you know they're paying attention to inflace you because
19:33
that's their lively all it's going down they got or yeah. Yeah. And
19:38
now the thing with the cops is that first we had defund the police after
19:45
the George Floyd death that didn't even turn out to be a killing. You
19:49
know, he died of a fetanyl overdose. Now I allowed to say that
19:53
because that's the truth. Oh, go ahead and edit that out. I
19:56
don't think we're going to forgotten the word on rumble. Yeah, we're not
20:00
going to be censored for that, okay. But anyway, so a lot
20:06
of cities scaled back funding for the police and at the same time started treating
20:14
the police very disrespectfully. Other than the lower funding, they just behaved like
20:18
that defund the police was correct and the police for the problem, not the
20:23
criminals. So a lot of cops just stilln't feel like doing their job the
20:27
way they used to feel like doing it. A lot of them are retiring
20:32
or moving to places like Florida where they're paying sign up bonuses for cops and
20:37
treating them very respectful. So a lot of big cities, especially in the
20:41
North, but also some of this up like they're seeing dramatically decreased or increased
20:48
response times in New Orleans it went from an already horrendous fifty five minutes okay,
20:55
when you call the cops they show up fifty minutes later, to like
20:57
one hundred and fifty minutes, So I mean that's they might you might as
21:02
well not even call the cops. In that case, you either deal with
21:04
it or it deals with you long before the cops get there. So what's
21:11
happening in a lot of cities is that this is becoming understood by people,
21:17
and the cities are finding it impossible to hire enough new policemen to get to
21:25
adequate staffing levels to where police response times are acceptable. And in Pittsburgh,
21:33
like you said, they're not even showing up for non violent stuff, like
21:37
if it's not something that is in progress right that minute, they send you
21:41
over to a place to leave a phone message. And so you know,
21:47
Pittsburgh, that's a supposedly pre functional city. It doesn't usually show up on
21:52
the list. So you know, where where San Francisco gets mentioned, Pittsburgh
21:56
is never in that discussion, but I guess it is now. You know,
21:59
the the cops literally aren't even showing up. And then in oh,
22:06
the capital of Texas, Come on, why am I not Austin. In
22:08
Austin, Yeah, Austin, which is in Texas where you wouldn't think there
22:12
would be issues. They had a part of the city where there was literally
22:18
no police coverage for Australia, so short handed that they just basically had the
22:22
cut a section of the city lose. And if you called them, they
22:27
would I guess they would say, I'm sorry, they're literally aren't any the
22:32
police that we can send to help you. But this is the kind of
22:36
thing. I got a series on Substack called Welcome to the Third World.
22:38
The chronicles the process of us losing a lot of the things that we used
22:44
to take for granted as Americans, and police response times are high on that
22:48
list. You know, we grew up, you and I carried grew up
22:52
thinking that when you call the cops, the cops show up. And now
22:56
that's that's not really the case anymore. They might eventually show up, and
23:00
they might not show up at all, but they don't get there in time
23:03
to deal with your life threatening problem. Right, So yeah, that's a
23:07
huge change, and maybe they need an app Yeah well no, okay,
23:15
so so combine. Oh yeah, so you see where the police car is
23:18
coming, Like police uber or something like that, and of course then you'd
23:21
be watching it ap how about it app like, yeah, he's happening.
23:26
The cops can't make it, so you just go online, you know,
23:30
get your app at and get a vigilante. You know what. That's a
23:33
hell of an idea for a private security company, right, you just block
23:37
off part of town and you say, all right, you know one d
23:44
yeah, you call us, We will be there in five minutes or less.
23:48
Or your visit is free and you can look on the screen and see
23:52
where the security guy is. That's a legitimate you know, we keep coming
23:56
up with great business ideas. Carry you're not sure, really we should be
24:00
entrepreneurs. Rubber Handyman University, Yeah, Andyman University and uh and uh you
24:11
know dial a dial a vigilante. And you know we could put like for
24:15
the logo, We'll put Charles Bronson's face up there with a gun, right,
24:19
yeah, mister vigilante, Hollywood vigilante of all time except going back to
24:25
the wild West. So or it could have a wild West type of theme,
24:30
you know, hire a gunslinger, see, and that's that's where all
24:33
the Special Forces soldiers would go after they get done with their other back tours
24:38
or whatever, you know, and the cops who actually liked their job could
24:42
could go do this and actually get to be involved in crime prevention. And
24:48
you can do it. You could order a platoon. You could specify whether
24:52
they need to bring automatic weapons or not, and that would be another up
24:56
charge, and body armor and ambulance. No, ambulance is probably services.
25:03
Yeah, and so you have you have a choice of a swat team instead
25:07
of using a single cop or something you just want to Yeah, okay,
25:11
hey, you know they should extend that to the schools and for home schoolers
25:15
and have a dial a teacher. So if you have if you if you
25:19
do a high level math and you're not sure and you can teach it,
25:22
you just hit the uber and a math professors and teach kids calculus. Yeah
25:29
okay, Now, that's that's part of the sharing economy that I think we
25:33
can get behind, you know, the big economy for vigilanta. Yeah right,
25:37
oh, that's that has such potential. We set up a vigilante university
25:44
too, so we can train these people so they know what to do and
25:47
don't get into trouble when they show up on a scene. Right, Well,
25:51
you know, I think the cops are currently training those same people,
25:55
and then Uber Uber for police will just hire them away, you know.
25:59
And yeah, and and then you know, if we're going to have imports
26:04
or you know, mass immigration, we just hire a bunch of gangbaggers and
26:08
Russian special services, you know, guys like that Brigham in and uh and
26:12
there would be no shortage lands. I see. I think it's a booming
26:17
market here. If somebody's going to do it. You know, it's like,
26:21
hey, who are you going to call when the cops can come?
26:22
Who you're going to call? Right? You know? Is that what RoboCop
26:26
was back in the day. Yeah, he was kind of a land yeah
26:30
basically, or he was corporate he was corporate security who and then they the
26:37
towns would contract with the corporate security companies to be their police forts. Yeah.
26:42
You remember that movie roller Ball with James Kahn. You know, where
26:48
corporations run the world basically, and they have roller ball where people get killed.
26:56
They're on roller skates going around the rink, but people get killed,
26:59
the kill each other and that's how they use that to control the masses.
27:03
And you know, kind of like the coliseum and the gladiators, the modern
27:08
day Gladiators. If you haven't seen that movie, I want to put it
27:12
in the show notes roller Ball with James Kahn. It was a fabulous movie
27:18
because he gets basically red pilled, he realizes he's part of the problem,
27:23
and then he rebels against it. I won't tell anymore. I don't want
27:27
to be a spoiler. I don't like that the idea of that nearly as
27:32
much as I was saying. But that's what we know provisionally is, yeah,
27:37
we got a company. Well what about that guy he's testifying against Boeing
27:41
said he wouldn't fly in a seven thirty seven max if you paid him,
27:45
and he wound up killing himself the second day in the depositions. Where do
27:49
you think Hillary Clinton was? Oh? No, Well, actually I don't
27:55
think she does her own killing. I think she's got she's got staff.
27:59
So there's people of her. Well, and you know, Nikki Haley was
28:06
a board member of Boeing, right right, and she's just a younger version
28:11
of Hillary Clinton. So could we could trace it back to her? You
28:15
know, I'm sure that somebody we've heard both is at the top of that
28:18
process. All right. We're not implying that Hillary is involved, but certainly
28:23
somebody likes her style out there. Yeah yeah, a copycat Hillary killing,
28:30
Okay, copy cat Hillary killer. Yeah. Hey. So what about this
28:34
TikTok band? I think Trump said it. He's opposing it because he says
28:41
it's one of the few free voices out there compared to the big tech oligarchy.
28:48
It's a tough one because it is part of a Chinese military apparatus and
28:52
they do funnel all the information. Yeah, so they take all their customer
28:59
data and send it back to China's military. So that's and TikTok videos are
29:04
addictive and destructive for kids. Okay. So there's that side, And then
29:10
the other side is that if the government is allowed to just just cancel out
29:17
social media companies, then Rumble is next, Whereto, then Substack is after
29:22
that. I really don't want Substack, that's that's the right work. I
29:26
don't want them to take it over. But you know, the government will
29:29
stop with TikTok once we once we set that precedent, they'll stop. Think
29:34
no, no, I mean they're they're looking for ways to get rid of
29:38
and Elon Musk too. You know, they want to get rid of litter
29:45
and rumble, because you take those two out of the equation and they're basically,
29:49
you know, the social media is basically controlled. You know, it's
29:52
basically a tame, censored ecosystem where nobody gets the truth, know, And
30:00
we're so close to that right now. So we let it get a little
30:03
bit further down that road, and the government will just feel free to take
30:08
out anybody they want to. And anybody who thinks they might be stepping over
30:14
the edge has to be careful, you know, they'll have to sense them
30:17
self sense. Yeah. Hey, So speaking of this and speaking of Trump,
30:22
it's obviously Trump against Biden. Maybe it's maybe it's Trump and her against
30:29
Biden. I mean, I don't know if you caught that guy's testimony,
30:33
but you know, basically, if he was a doctor, they could have
30:38
committed Biden on the basis of his testimony. You know. The thing is
30:45
that guy thinks he did the Democrats of favor by not indicting Biden because he
30:52
could have. I mean, in his statement he said, yeah, Biden
30:55
committed on the following crimes. But I don't think we can. I don't
30:59
think we prosecute him because the jury would find him to be a well intentioned
31:03
older man with memory problems. In other words, a senile little guy didn't
31:08
know what he was doing. So instead, we're going to have him preside
31:15
over our three or four proxy wars and potential World War three, you know,
31:18
instead of well, yeah, we're way better off. Yeah, yeah,
31:22
it's better off to have that old guy with the memory problems running World
31:26
War three. Then well what about Kamala. That's our choice here at this
31:29
point, right, you'd have to do both of them. That's why Biden's
31:33
still there. Hey, we're saying a lot of stuff that's going to get
31:34
you banned. Carry I'm sorry. You feel free to edit this hole all
31:37
these sections out. I don't know, you know better than me what's allowed.
31:41
But we've said a lot of rude things in this root of the usual
31:45
thing. So I understand to commun care about this particular stuff. As long
31:52
as we're not talking about global health issues and you know what I mean by
31:57
that, and and conspiracies and blah blah blah. I'm willing to give it
32:04
a shot, and let's see what happens. Yeah, because okay, we
32:07
pushed the envelope a little bit. Let's see, I got a couple of
32:08
the os. I think I got it. I don't know. I have
32:12
to think about this. Well. Hey, so finally our last issue here
32:19
and is well, I don't know what we could talk about anymore, but
32:25
hey, what about Atlanta? What's happening with the case against Trump there?
32:32
And it's turned to total circus And this is part of what they call law
32:38
fair, where the legal establishment bands together to take out an opponent. But
32:45
it's not having its desired effect on President forty five, is it? Well,
32:51
you know what, Trump is touched by an angel somehow, because he
32:54
has the luck of somebody where there's supernatural intervention. Because yeah, the Democrats,
33:00
so you know, they they've drummed up how many five or six basically
33:05
false indictments against Trump on like ninety five counts, and there's there's court cases
33:14
everywhere you look, and the one in Atlanta was actually the most dangerous.
33:20
But it turned out the people they picked to be in charge of the the
33:25
prosecution turned out to be so hopelessly corrupt and incompetent that they're just melting down.
33:31
You know, we don't even everybody knows the details. Yeah, stid,
33:37
okay, stupid too, you know, and and but they're they're melding
33:40
down on such a scale that this thing that might have landed Trump in prison
33:45
probably isn't even good to go to trial before the election, after which he
33:51
just, you know, he just closes it down. And there's that,
33:58
and then there's the fact that they thought these trials would be debilitating for Trump
34:05
politically because he have to spend all his time in court. But it turns
34:08
out that's the best campaigning he can do. He goes, sits in court
34:13
for a couple hours, goes out to the steps of the courthouse where the
34:15
whole world's news is waiting for it, and then he makes a campaign statement
34:22
about how he's being persecuted earlli and that's a broadcast around the world. And
34:28
you know, every time he does that, a new one hundred or so
34:31
thousand middle of the road voters see it and go, wow, they are
34:36
kind of persecuting that guy. That's not really fair what they're doing. I
34:39
might have to vote for him this time. So he's snarting up middle of
34:45
the road voters here who might not have been Trump voters, just because the
34:51
illegalant well not illegality, but unfairness of what you call law fare, in
34:58
other words, weaponar the criminal justice system to get a political opponent is so
35:02
blatant, and a new set of people see it every time he goes out
35:07
on the courthouse steps and starts talking about it. So it turned out to
35:10
be the You know that that is solid gold publicity, right. You can't
35:15
pay for that kind of publicity because the whole world is showing up to see
35:20
him every single time he steps out of the courthouse. So yeah, and
35:23
you know, that's another lucky break. But the Democrats were dumb enough to
35:28
try to do it this way because I don't think he'd get nearly the publicity
35:30
in this campaign that he's getting now, and he doesn't have to pay for
35:36
it. Yeah, it's brilliant, and he's making them all look bad.
35:40
Personally, I thought he should have fired all his attorneys and just represented himself
35:45
in court because then you can basically say anything you want in court and there's
35:51
nothing they can do to stop you. They were restraining you, yeah,
35:54
because I mean, he is losing all his cases, but they're all going
35:59
to be overturned. I mean that New York State they basically they convicted him
36:06
of behaving like a real estate developer. You know, so all the other
36:09
real estate developers like, ohh is this illegal? What I do every day?
36:15
Is it illegal? You know, So that's going to get overturned because
36:17
there was no victim, you know, nobody actually suffered a loss. And
36:22
so that's done him. In this one where the crazy woman thirty years later
36:27
is funded by a Democrat Megadnor to make an accusation against Trump where there's no
36:32
witness. You know, there's absolutely no evidence of any kind of a crime
36:38
this late. You know, this many decades afterwards, and they even change
36:43
the statute of limitations law just for this one case. And so that's almost
36:52
certainly going to be overturned, at least in magnitude. You know, he
36:55
will end up having to pay ninety million dollars or anything, so probably,
37:00
I mean, rational jury would scale it back to two dollars or something like
37:04
that if they wanted to convict Trump of something, you know, they wouldn't
37:07
be any there wouldn't be any monetary damages anyhow, It's all working out in
37:13
his favor right now. You know. That leads us to darker scenarios,
37:19
which we don't you like, what's the power stulture going to do now.
37:23
They still haven't given Kennedy Secret Service protection, right, no, no,
37:30
And the Secretary of front Land Security personally denied his protection after he's had several
37:37
attempts and he's a Kennedy and everything else. So and he's going to be
37:43
in the No Label Party evidently, right we shun no, I didn't hear
37:46
that? Is that? Right? Yeah? The no Name Party? So
37:51
well, I think we're out of time. We'll get to the no Name
37:53
Party, No Label party next time. The twenty twenty four is shaping up
38:00
to be really interesting, like nothing we ever saw. Make sure you go
38:05
over to John's substack Robino dot substack dot com sign up for his newsletter.
38:13
The The articles come fast and furious, and you're not gonna want to miss
38:17
them. They're cutting edge info, insights and perspectives that you're just not gonna
38:23
find anywhere else but from John Rabino. And of course the link is in
38:29
the show notes this interview on Financial Survival Network dot com. John, we'll
38:34
talk to you in a couple of weeks. Thanks and helping me. I'll
38:37
be San's sunglasses. I don't know, this might be the start of something
38:40
here. When when all your when all your audience says you look better this
38:45
way. Yeah, well it's probably I'd never doubt the wisdom of the audience,
38:51
all right, that be well, so, yeah, thanks for listening
38:54
to Carrie Letz's Financial Survival Network, your solution to today's trying times. For
39:00
the latest, go to Financial Survivalnetwork dot com. Financial Survival Network now more
39:07
than ever,