Latest / Financial Survival Network / The Illusion of Prosperity - Greg Mannarino #6420

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The Illusion of Prosperity - Greg Mannarino #6420 · Financial Survival Network

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  Speaker 1: You're listening to Cary Lutz's Financial Survival Network, where you
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  Speaker 2: And welcome back. You are listening to and watching the
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  Speaker 2: Financial Survival Network. I'm your host, Cary Lutz. Our good friend,
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  Speaker 2: Greg Manorino, TradersChoice.net is with us. Man, I've known this
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  Speaker 2: guy for years, like over a decade, we know each other.
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  Speaker 2: We've been fighting the same fight, trying to educate you,
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  Speaker 2: make you see what's really happening. Sometimes it's easier than others. Greg,
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  Speaker 2: like the markets. As long as the stock market keeps
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  Speaker 2: going up, then everybody's happy, things are fine, and life
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  Speaker 2: is dandy, right?
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  Speaker 3: That's the story they want to sell us, man. It's
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  Speaker 3: obviously a complete falsehood. The disconnect between reality and the
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  Speaker 3: markets is an incredible thing. Again, I've been warning people
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  Speaker 3: for a thousand years. This is a house of cards
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  Speaker 3: built over a pool of gasoline. It's an illusion, a
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  Speaker 3: monster on an epic scale. We have a debt bubble
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  Speaker 3: that is artificially suspending the entire market via artificially suppressed
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  Speaker 3: race currency devaluation and vested expansion. Again, this is a
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  Speaker 3: wrecking machine. Look at our economy. Look where we're going here.
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  Speaker 3: Look at the world economy in the same kind of
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  Speaker 3: a boat. This isn't prosperity anywhere here. We need to
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  Speaker 3: reverse this entire thing. We need to change it. We
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  Speaker 3: need to change our government, period, the end. You know
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  Speaker 3: that better than anybody else, man. It doesn't serve with
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  Speaker 3: the people anymore. It's a self-serving, kind of yet-to-be-defined thing
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  Speaker 3: evolving here. Especially as of late, what we're seeing is
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  Speaker 3: more of privatized gains here and socialized losses here. I mean,
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  Speaker 3: you know, and then you get these same people screaming
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  Speaker 3: about how they hate communism. I mean, you know, it's
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  Speaker 3: exactly what we're seeing. But this is way worse. We're
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  Speaker 3: being thrust into a yet to be defined neo-feudalistic type
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  Speaker 3: of society that you and I have been trying to
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  Speaker 3: warn about for a thousand years. But here we are.
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  Speaker 3: But as you said, people look at the stock market and,
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  Speaker 3: you know, everything is just fine until it isn't. You know, look, man.
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  Speaker 3: They never announced a crisis soon to be an emergency,
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  Speaker 3: and we are there now with this energy issue here.
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  Speaker 3: It's going to evolve into a full-on emergency here. I'm
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  Speaker 3: expecting to see a line city blocks long with a
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  Speaker 3: lot of people trying to get fuel. We got this
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  Speaker 3: new con job with Venezuela. The oil isn't even the
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  Speaker 3: right oil. Trump now floating out just today, as a
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  Speaker 3: matter of fact, a way to privatize the gains via
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  Speaker 3: having the Pentagon take an ownership stake in Venezuelan oil.
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  Speaker 3: And who gets stuck with the bill when it all
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  Speaker 3: goes south? Well, it's going to be the American people
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  Speaker 3: yet again. But again, what would people expect in dystopia
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  Speaker 3: or wherever we're going here? This is not the United
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  Speaker 3: States of America anymore. and the people being squeezed from
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  Speaker 3: every angle. Small businesses getting wiped out, hiring falling off
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  Speaker 3: of a cliff here. Inflation continues to rise. Deaths and
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  Speaker 3: deficits detonating across the board. Everything you and I and
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  Speaker 3: everybody else have been telling for years. What are people doing? Well,
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  Speaker 3: we're waking people up. No doubt about it. But people
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  Speaker 3: are still sitting back here wondering, you know, hoping that
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  Speaker 3: things are going to be different.
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  Speaker 2: How?
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  Speaker 3: Are they getting involved in their own government? Or do
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  Speaker 3: they just go out there and go and say, okay, well,
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  Speaker 3: I did my job. No, that's not the way it works. Okay,
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  Speaker 3: it's not how this issue was set up. The fact
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  Speaker 3: of the matter is we are staring down the barrel
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  Speaker 3: of a cannon and it's going to wipe out, wipe
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  Speaker 3: out an entire class of people which are evaporating right
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  Speaker 3: before our eyes. It's vanishing. It's an extinction level event
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  Speaker 3: of the middle class and a wealth transfer effect of
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  Speaker 3: the greatest, highest possible diabolic order right up to the
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  Speaker 3: Epstein class, the one and two percenters. The rest of
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  Speaker 3: us are paying for it all. Yeah.
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  Speaker 2: Let me show you a little something I created. It's
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  Speaker 2: called the dollar time machine. And take a look at this.
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  Speaker 2: All right. So what year were you born, Greg?
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  Speaker 3: 65.
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  Speaker 1: 65.
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  Speaker 2: You're just after the boom. You're at the beginning of
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  Speaker 2: Gen X. So I'm going to put in 1965. So
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  Speaker 2: a dollar worth of goods in 1965 now costs $ 10. 50,
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  Speaker 2: and that's using the bogus CPI thing. Let's look at housing.
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  Speaker 2: A dollar of housing. So if a house cost $ 100, 000
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  Speaker 2: when you were born, well, that's probably high. I would
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  Speaker 2: say $ 40, 000, $ 30, 000, $ 35, 000. That house today would cost $ 733, 000.
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  Speaker 3: I mean, look at this.
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  Speaker 2: Gold, okay?
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  Speaker 3: Here.
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  Speaker 2: A dollar's worth of gold in 1965 is now worth $ 100, 000.
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  Speaker 2: nearly $ 130. And even silver, which was a laggard, was 57.
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  Speaker 2: But what we're talking about, you're talking about the people
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  Speaker 2: that hold assets, the people who are making money from
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  Speaker 2: this inflation. Let's take a look at the Dow Jones.
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  Speaker 2: So a dollar in the Dow Jones would be worth
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  Speaker 2: $ 54 now. But if we added in the dividends, because
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  Speaker 2: the Epstein class always reinvest their dividends, right? It's $ 300.
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  Speaker 2: And then the S & P dividends invested $ 448. So
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  Speaker 2: what I think this shows you here, and you can
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  Speaker 2: find it at Dollar Time Machine. The link is going
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  Speaker 2: to be in the show notes. What I think it
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  Speaker 2: tells us, Greg, here is exactly how the asset holders
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  Speaker 2: in society have prospered while the rest of us have
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  Speaker 2: gotten screwed because if you held that dollar in cash,
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  Speaker 2: it's worth, I think we came out to somewhere around,
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  Speaker 2: let's see, a dollar back then when 1965 is now
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  Speaker 2: worth nine and a half cents, right?
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  Speaker 3: That sounds about right.
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  Speaker 2: Yeah. I mean, doesn't that perfectly illustrate what we're talking
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  Speaker 2: about here?
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  Speaker 3: Oh, yeah. And the people have no idea. They don't.
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  Speaker 3: I mean, just the people that follow our work. I mean,
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  Speaker 3: we're sitting here preaching to the choir. I guarantee you
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  Speaker 3: that the people watching us right now, they get it.
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  Speaker 3: They see where it's going. But the people outside, we
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  Speaker 3: point to over here because this is a window here.
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  Speaker 3: I think you see my natural light isn't so good.
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  Speaker 3: That's all right. You know, I don't, I don't even,
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  Speaker 3: I can't, I have a severe light sensitivity. I've had
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  Speaker 3: this since I've been a kid. I used to wear
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  Speaker 3: sunglasses in the house. I'm not kidding. It's crazy. My
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  Speaker 3: parents brought me to the doctor. Why is my kid
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  Speaker 3: wearing sunglasses in the house? You know, I used to,
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  Speaker 3: I carried over to my adult life. The bottom line is, man,
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  Speaker 3: people better start waking up. And I really think they are,
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  Speaker 3: but there's just too little. We, as you said, we've
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  Speaker 3: been out here for how long? Forever, man. You and
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  Speaker 3: I know each other since forever as well. And yeah,
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  Speaker 3: we've made a difference. Yeah, people are waking up, but
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  Speaker 3: it's way too slow. People never know there's a crisis.
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  Speaker 3: They don't care about it until it hits them personally.
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  Speaker 3: And even though they are getting hit on a personal level,
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  Speaker 3: they just don't care anymore. They've surrendered. And that's really
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  Speaker 3: what this is all about, a mass surrender to the system.
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  Speaker 3: So as the system is brought to its knees, there's
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  Speaker 3: no comedy of errors here, no– policy mistakes. They can say, well,
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  Speaker 3: we have a solution. So it's the same thing. And
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  Speaker 3: then they roll out the genius act that Trump signed
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  Speaker 3: into law last July. That's the backbone of the new system.
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  Speaker 3: I call it the return to the company store model.
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  Speaker 3: And it shows you, going back to asset ownership, what's
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  Speaker 3: happening here is the Epstein class, the ownership class, the
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  Speaker 3: one and two percenters, they are setting up a dynamic,
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  Speaker 3: which is pretty obvious to me, that is not only
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  Speaker 3: They want to not own assets, but they want to
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  Speaker 3: own the ability of production behind it all. So the
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  Speaker 3: people are going to be left with nothing. This is
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  Speaker 3: why small businesses are getting squeezed to death. They see
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  Speaker 3: the rise of corporations. You see privatized gains, socialized losses.
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  Speaker 3: This thing that Trump is doing right now with Venezuela,
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  Speaker 3: it's not going to help us right now. It's the
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  Speaker 3: wrong oil. I mean, people are, it's the laughable. We're
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  Speaker 3: going to refill our strategic petroleum reserves very soon. It's
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  Speaker 3: not even the right oil. It's heavy sour. We have
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  Speaker 3: a light sweet in our SPO. Can it be refined
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  Speaker 3: to make it work? Yeah, but the process is heavily
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  Speaker 3: time intensive, massively invested Intensive as well And it's an
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  Speaker 3: amazing thing to witness In real time You see because
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  Speaker 3: look man People just don't realize that again They're going
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  Speaker 3: to be once again stuck with the bill None of
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  Speaker 3: this is going to work It's a con job after
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  Speaker 3: a con job after a con job And unfortunately it's
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  Speaker 3: always the same story But there is a remnant of
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  Speaker 3: people And I've been calling this the remnant People who
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  Speaker 3: follow your work, who follow my work A lot of
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  Speaker 3: other people out there trying to raise awareness here That
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  Speaker 3: see it And then it's the funniest thing because what's
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  Speaker 3: going to happen, and it's happening now, is people go, well,
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  Speaker 3: why didn't anyone warn us? Well, we've been out here
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  Speaker 3: warning forever. So that's always the same trap the other
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  Speaker 3: people fall through. It's unfortunate because they don't want to
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  Speaker 3: be connected. Once their box that they live in is threatened,
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  Speaker 3: they just dismiss everything else. Oh, everything is fine. You
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  Speaker 3: don't know what you're talking about here. Our economy is
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  Speaker 3: functioning well. And then, you know, people who are following,
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  Speaker 3: let's say, Fox News, Choose Social. I mean, these are
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  Speaker 3: the people who are being propagandized the most. It's not
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  Speaker 3: going to stop for these people until they accept the
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  Speaker 3: fact that they are being lied to. But these are
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  Speaker 3: the exact people who they are being preyed on because
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  Speaker 3: they have no idea. They don't want to be. They're
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  Speaker 3: completely disconnected from reality.
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  Speaker 2: Yeah, you know, it reminds me of that guy Joe Isuzu, remember,
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  Speaker 2: from the commercials? And, you know, it's basically, trust me,
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  Speaker 2: I'm lying, but I'm lying for your good, right?
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  Speaker 3: It is like that, man. People want to be lied to. Look, man,
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  Speaker 3: people are used to it. People have been lied to
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  Speaker 3: since they take their first breath, you know, and it's
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  Speaker 3: become normal. It's become normalized as well. Then there's the
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  Speaker 3: Pavlov's dog thing. People get bombarded with this stuff. And
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  Speaker 3: then they just submit to it. And that's really what
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  Speaker 3: they're doing. They're setting up again. Look, the bottom line
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  Speaker 3: is this is how I see it. I see a
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  Speaker 3: system coming apart deliberately. People have surrendered in the sense
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  Speaker 3: that they don't want to fight back. They don't know
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  Speaker 3: what to do. They feel like they have no voice anymore.
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  Speaker 3: So they literally just surrender. And regardless of if they
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  Speaker 3: know it's wrong in their spirit and their soul, they
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  Speaker 3: know it's wrong. But they just go along with it.
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  Speaker 3: They're walking themselves into this slaughterhouse. Now they don't even
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  Speaker 3: need to be led anymore. And people can't survive in
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  Speaker 3: this environment. They're not supposed to survive in this environment.
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  Speaker 3: The pressure is going to increase on the people, the
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  Speaker 3: middle class, as they are wiped out from within. I've
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  Speaker 3: been warning about this since October. Since this exact progression
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  Speaker 3: for as long as it would go, especially since the
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  Speaker 3: selection of Donald Trump here, how it would play. I
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  Speaker 3: was no fan of Biden, and I certainly didn't like
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  Speaker 3: the Kamala creature. I'm being honest. It's a very fundamentally
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  Speaker 3: interesting name, just a coping mechanism on my part. But
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  Speaker 3: we've never seen anything like this. It's destruction from within.
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  Speaker 3: of our nation, of its people who are its nation,
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  Speaker 3: the explosive wealth gains that we've seen for the Epstein class,
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  Speaker 3: one and two percenters, ownership class, soon to own productivity
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  Speaker 3: as well, as the people left scrambling in the streets.
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  Speaker 3: But this isn't even the biggest deal. The biggest deal
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  Speaker 3: that people are going to be facing, and what we're
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  Speaker 3: seeing in the debt market right now, is this unprecedented
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  Speaker 3: effort going on right now to keep rates suppressed. The
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  Speaker 3: mechanism of currency devaluation on the slack of rate suppression
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  Speaker 3: is And a vast debt expansion has caused the stock
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  Speaker 3: market to trade on multiples we've never seen ever before
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  Speaker 3: in history. Now, and that mechanism looks, again, it's an illusion.
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  Speaker 3: Look at the market. It's higher, but the market has
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  Speaker 3: to trade on higher multiples when the debt inflates, when
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  Speaker 3: the currency is devalued. And, of course, when it reaches
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  Speaker 3: the press, now you get the Federal Reserve with their
• 12:39
  Speaker 3: reserve management purchases, which is QE backdoor, stealth QE. Now
• 12:43
  Speaker 3: you've got the Treasury in here doubling their purchases. You're
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  Speaker 3: not talking about a trillion-dollar nuclear bomb, throwing it out there.
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  Speaker 3: It's not going to work. I don't care if they
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  Speaker 3: do $ 10 trillion. It will not work. And it's not
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  Speaker 3: working already. And people get that just before we got
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  Speaker 3: on this show right now, the 10-year yield is 4.8. Yes,
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  Speaker 3: the stock market was higher on abysmal economic views. Business
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  Speaker 3: hiring dropped. No one saw that one coming here. The
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  Speaker 3: pathway forward is the same. Uncertainty, instability, the fact that
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  Speaker 3: America is being isolated on the world stage here. Alliances
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  Speaker 3: are being made. I mean, this is huge. We've never
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  Speaker 3: seen this before. Not in my lifetime, not in your lifetime,
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  Speaker 3: not in anyone's lifetime that's listening right now. We've never
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  Speaker 3: seen it like it. And the progression here is pretty
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  Speaker 3: simple to follow. We're just going to follow that trajectory. Now,
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  Speaker 3: the real issue is the debt market. Debt market is
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  Speaker 3: a time bomb. As you know, as I know, as
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  Speaker 3: everybody else, it's going to go off. When it does
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  Speaker 3: go off, right now, look, man, everyone's focusing. Now, this morning,
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  Speaker 3: I'm reading this article about fund managers, fund managers, fund managers, 5%, 5%, 5%, 10%.
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  Speaker 3: You're like, why? Why 5%? It's not the number. It's
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  Speaker 3: how fast we get there. And the market will adjust
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  Speaker 3: as long as it's not an uncontrolled sell-off. And I
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  Speaker 3: mean in a 20, 30, 40, 50, jump higher 10-year yield.
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  Speaker 3: That's going to melt the stock markets around the world
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  Speaker 3: down on a scale people aren't going to believe because
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  Speaker 3: valuations are basically seven companies that are supporting this market
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  Speaker 3: right now, the big tech companies here. They're in the stratosphere.
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  Speaker 3: And their valuations are 100% dependent on rates being low,
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  Speaker 3: currency being killed, suppressed rates again, a currency devaluation and
• 14:17
  Speaker 3: debt expansion. And if that turns around, the meltdown is
• 14:21
  Speaker 3: going to be beyond anything we've ever seen before. But
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  Speaker 3: that's not the issue. The issue is the stopping of
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  Speaker 3: the flow of credit to the markets. The flow of credit,
• 14:26
  Speaker 3: the flow of debt to the system is going to
• 14:28
  Speaker 3: lock up. And then we're going to face a real
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  Speaker 3: reckoning here. It's a game over.
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  Speaker 2: Yeah, I couldn't agree with you more. There's no way
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  Speaker 2: that it can't because we see that all these fiat
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  Speaker 2: schemes eventually collapse and You know, we got computers and
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  Speaker 2: AI and all that. They've drawn it out. Plus, the
• 14:47
  Speaker 2: fact is, there were always alternative systems back when a
• 14:53
  Speaker 2: fiat currency blew up in the 1700s, 1800s. And throughout history,
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  Speaker 2: there's only one system now. Nobody's, no country is getting
• 15:03
  Speaker 2: out of this without huge losses unless they're like totally
• 15:07
  Speaker 2: self-sufficient investors. in the middle of nowhere with no natural enemies.
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  Speaker 2: Because you know what happens when you have a collapse
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  Speaker 2: like this, the predators come out.
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  Speaker 3: Well, you know, it's interesting that you put that together, right?
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  Speaker 3: So what do we have? We have, I mean, free
• 15:22
  Speaker 3: fall economy with no end in sight. We have, we're
• 15:27
  Speaker 3: growing at 1.5%. No, apparently growing, I say our economy
• 15:31
  Speaker 3: is contracting, but okay, let's use their numbers. And then
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  Speaker 3: just the day before yesterday, Trump comes out saying he
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  Speaker 3: expects 20% growth as long as we keep rates suppressed.
• 15:41
  Speaker 3: He's trying to rewrite macroeconomics. It doesn't work. He's trying
• 15:44
  Speaker 3: to sell another con job to his people. You can't
• 15:47
  Speaker 3: have that. I mean, the mechanism of suppressed rates kills
• 15:50
  Speaker 3: the currency. Our factories are dying because people aren't spending.
• 15:54
  Speaker 3: Our trade deficit just detonated again. Two consecutive months. It's
• 15:59
  Speaker 3: not going to stop there either. We can fix it.
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  Speaker 3: The fix is, again, returning precious power to the currency.
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  Speaker 3: That will never happen because it would impede the flow
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  Speaker 3: of movement of cash up to the one and two percentages.
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  Speaker 3: We've never seen anything like it before. So, again, we
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  Speaker 3: do have to build our own alternative systems, and it
• 16:17
  Speaker 3: starts with community. I think, again, gold, silver, my favorite
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  Speaker 3: asset of all time. Look, man, protecting ourselves from this
• 16:24
  Speaker 3: financial nightmare is very simple. It couldn't be easier. My
• 16:27
  Speaker 3: favorite asset has been silver since day one here. I
• 16:30
  Speaker 3: am a diversified guy. Everyone knows where I'm at. I'm
• 16:33
  Speaker 3: not just all in on one thing. I'm still in
• 16:34
  Speaker 3: this market here. I'm in a trade right now. Every week,
• 16:38
  Speaker 3: I put out a credit spread trade for my lines here.
• 16:42
  Speaker 3: Everyone gets it. They've been successful 95% or better percent
• 16:46
  Speaker 3: of the time. Very simple to do. It's a binary trade,
• 16:51
  Speaker 3: buying and selling calls and no puts here. Yeah, man. Look,
• 16:55
  Speaker 3: with regard to the market, again, this is a nightmare situation.
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  Speaker 3: It's only a matter of time before the valuations start
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  Speaker 3: to blow up because the debt market right now, 4.5,
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  Speaker 3: we hit 5% on the 10-year yield. Everyone's pointing at it,
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  Speaker 3: especially these fund managers. Okay, why though? I mean, I
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  Speaker 3: don't see it. I don't see that being a problem.
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  Speaker 3: I really don't. I mean, it's not going to be
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  Speaker 3: fun for the market. It might not like it. But
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  Speaker 3: I don't see a real meltdown, and I see a
• 17:19
  Speaker 3: real meltdown in the market, which is, again, the least
• 17:21
  Speaker 3: of our problems, when we see the uncontrolled sell-off in
• 17:24
  Speaker 3: one day, two days, and then everyone runs to the
• 17:25
  Speaker 3: door at the same time. It's always the same story.
• 17:27
  Speaker 3: And people are going to be taken by shock and awe.
• 17:30
  Speaker 3: They're not going to know what happened. Again, they think
• 17:31
  Speaker 3: they're wealthy. They look at their 401ks, or they've got
• 17:34
  Speaker 3: digits all over the place. They don't exist. They're not
• 17:36
  Speaker 3: on the elemental chart. They're just on a screen. It's
• 17:39
  Speaker 3: not real. The whole system is fugazi. And people, you know,
• 17:44
  Speaker 3: they walk through time and space thinking everything is real.
• 17:47
  Speaker 3: Everything is not. It's built upon notions of debt, debt expansion,
• 17:51
  Speaker 3: currency devaluation, and we're dying. Our nation is dying. The
• 17:54
  Speaker 3: world is being systematically erased from within. The world is
• 17:56
  Speaker 3: being transferred up to the one and two percenters at
• 17:58
  Speaker 3: a pace we've never seen before. And again, they just
• 18:00
  Speaker 3: don't want assets. They want to own the ability to
• 18:02
  Speaker 3: produce behind it. And that's exactly what do you think?
• 18:05
  Speaker 3: Why do people think that everything Trump is doing is
• 18:08
  Speaker 3: one thing? He's making sure that the gains are privatized,
• 18:13
  Speaker 3: but the losses are socialized. I mean, you know, he
• 18:16
  Speaker 3: talks a big game about China, but he's following exactly
• 18:19
  Speaker 3: in their footsteps. It's not worse. But the American people
• 18:21
  Speaker 3: have no idea because the man speaks in code. When
• 18:25
  Speaker 3: he says we need lower rates, when he says we
• 18:29
  Speaker 3: need a weaker dollar, he's not talking to the average person,
• 18:31
  Speaker 3: the American middle class. He's talking to the Epstein class
• 18:34
  Speaker 3: who benefit from that. Trump's own investments in U.S. debt,
• 18:38
  Speaker 3: massive investments up to five, I think it was 4.8
• 18:43
  Speaker 3: million recently, depends on rates going down. He will lose
• 18:48
  Speaker 3: value if rates spike. And the whole market, who owns
• 18:52
  Speaker 3: 90 plus percent of the stock market? It's the Epstein class.
• 18:55
  Speaker 3: They are the ones that need suppressed rates. They're the
• 18:58
  Speaker 3: ones that need currency devaluation here. And they're the ones
• 19:00
  Speaker 3: that are going to be out the door before everyone else.
• 19:03
  Speaker 3: And then everyone's going to sit there wondering what happened.
• 19:04
  Speaker 3: It's always the same story. Look, man, when you realize
• 19:08
  Speaker 3: and you see where this is and where we're going,
• 19:11
  Speaker 3: you can't unsee it. And this is why I'm thankful
• 19:14
  Speaker 3: for shows like yours where, where you have, you know,
• 19:17
  Speaker 3: people are listening and I hope that they share the work.
• 19:20
  Speaker 3: I hope that they get the work out there because
• 19:21
  Speaker 3: where are they going to hear this stuff from? CNBC, Bloomberg,
• 19:25
  Speaker 3: Fox business. Yeah, sure. They are. No, they're all script readers.
• 19:28
  Speaker 3: I mean, they sit there, they're reading the teleprompters, you know,
• 19:31
  Speaker 3: then they're being told what to say. They get that
• 19:32
  Speaker 3: thing buzzing in their ear. I said, don't say that.
• 19:34
  Speaker 3: You know, I mean, it's all, it's all fake. It's incredible. Yeah.
• 19:38
  Speaker 3: I couldn't agree with you more, man.
• 19:40
  Speaker 2: I mean, everything's an illusion, you know, and Trump's cure
• 19:46
  Speaker 2: for everything is lower rates because uh, he's the, the
• 19:50
  Speaker 2: real estate guy. They always want lower rates. They never
• 19:53
  Speaker 2: see any downside to lower rates. Uh, we know when the, uh,
• 19:58
  Speaker 2: when the rate that the government charges is below the
• 20:00
  Speaker 2: actual or natural interest rates, we get malinvestment and we have, uh,
• 20:07
  Speaker 2: We have booms and busts, and it's always been that way. So, hey,
• 20:11
  Speaker 2: three things that if you're an average person that you
• 20:15
  Speaker 2: could do today to protect yourself or at least start
• 20:17
  Speaker 2: protecting yourself.
• 20:19
  Speaker 3: One. outside the financial system is build communities. We have
• 20:24
  Speaker 3: to build communities. And it's very difficult, and I get that.
• 20:27
  Speaker 3: It's very hard. Even my own neighborhood, people in my
• 20:29
  Speaker 3: neighborhood are disconnected from reality. I'm not lying. I love
• 20:31
  Speaker 3: my neighbors. I really do. But most of my neighbors here,
• 20:34
  Speaker 3: and it's the truth, is they live in a different
• 20:38
  Speaker 3: financial threshold. They can still afford things. It doesn't hurt
• 20:43
  Speaker 3: them enough yet. But the people outside here that don't
• 20:46
  Speaker 3: live in their own little bubble, they're hurting. So, I mean, look,
• 20:49
  Speaker 3: bill communities, no doubt about it, try to get together
• 20:51
  Speaker 3: with like-minded people, promote shows like this one, absolutely, from
• 20:55
  Speaker 3: a financial standpoint, again, but against the system. You know, silver, again,
• 20:59
  Speaker 3: my most underrated asset, but yeah, that doesn't matter. From
• 21:01
  Speaker 3: a grander standpoint here, is it going to come down
• 21:03
  Speaker 3: to a locking up of the system? The flow of
• 21:05
  Speaker 3: credit through the markets, the debt system is the key.
• 21:08
  Speaker 3: If that is impeded, and this was happening during 08,
• 21:11
  Speaker 3: people don't know. People think it was the stock market
• 21:13
  Speaker 3: that went from $ 12, 000 to $ 1, 000, from $ 12, 000 down to $ 6, 000,
• 21:17
  Speaker 3: and that was the big deal. No, that wasn't the
• 21:18
  Speaker 3: big deal. The big deal was the system started to
• 21:21
  Speaker 3: lock up. Henceforth, why Bernanke was rushed down before our
• 21:24
  Speaker 3: loving Camry representatives over that weekend and said, by Monday,
• 21:27
  Speaker 3: if we don't start pumping billions into the system, we
• 21:30
  Speaker 3: won't have an economy by Monday. Not a market, an economy,
• 21:35
  Speaker 3: because the system was locking. That's where they're thrusting us into.
• 21:41
  Speaker 3: orders of magnitude worse. I mean, there's no comparison. I
• 21:45
  Speaker 3: wouldn't even begin to say how much worse it is now.
• 21:49
  Speaker 3: And that's really the bottom line is this credit event
• 21:53
  Speaker 3: that I've been worrying about for a decade is going
• 21:56
  Speaker 3: to occur and it's going to hit with a sudden
• 21:58
  Speaker 3: shock Of course, we could see it in real time
• 22:02
  Speaker 3: when this is happening. We don't have to guess. You know, look, man,
• 22:05
  Speaker 3: there are people that are speculators in this market and
• 22:08
  Speaker 3: there are people that are market makers. I consider myself
• 22:10
  Speaker 3: a market maker the way that I am. set up
• 22:12
  Speaker 3: trades for people, but I realize by having a very
• 22:17
  Speaker 3: clear understanding of the debt market and that everything else
• 22:22
  Speaker 3: derives value from that, so everything else becomes a derivative
• 22:25
  Speaker 3: of the debt market, all we've got to do is
• 22:27
  Speaker 3: watch the debt market henceforth while you've got the treasury panicking.
• 22:30
  Speaker 3: There's no buyers left. I mean, think about this. Why
• 22:33
  Speaker 3: is the treasury in here now issuing debt through one door,
• 22:36
  Speaker 3: buying it back through another because we have a line
• 22:39
  Speaker 3: of buyers waiting to buy that debt?
• 22:41
  Speaker 2: No.
• 22:41
  Speaker 3: Because they're not there. And this is, again, something that
• 22:45
  Speaker 3: we warned. We, you people, you have been warned for
• 22:47
  Speaker 3: thousands of years it's going to happen. So, and they're
• 22:50
  Speaker 3: going to, you know, this is going to keep going
• 22:51
  Speaker 3: on until again. See, what blows my mind here is
• 22:56
  Speaker 3: the market. Sees this. So the market is going to say, oh, really?
• 23:00
  Speaker 3: So you guys are going to intervene? So what are
• 23:01
  Speaker 3: they going to do? They're going to demand premium, just
• 23:04
  Speaker 3: like they're seeing now. So either these people, Besant, I
• 23:08
  Speaker 3: call him Trump's backdoor man for a multitude of reasons here.
• 23:12
  Speaker 3: white men at all. I think he's corrupt. They're all
• 23:18
  Speaker 3: corrupt on an epic scale. But either they don't understand,
• 23:22
  Speaker 3: and Trump too, either he doesn't understand macroeconomics or finance
• 23:28
  Speaker 3: at any level, or they do. Enough so much that
• 23:32
  Speaker 3: By keeping this mechanism going, they can keep funneling that
• 23:36
  Speaker 3: wealth right up to the FTC class, 1% and 2%
• 23:38
  Speaker 3: of the standard. Where's it coming from? Right out of
• 23:42
  Speaker 3: our country, out of its people who are our nation here.
• 23:45
  Speaker 3: This is where it's coming from. So, unprecedented efforts here
• 23:48
  Speaker 3: to keep rates suppressed. Again, seven companies supporting this entire market, Nvidia, Amazon, Amazon. Meta, Broadcom,
• 23:57
  Speaker 3: a few others. And that's it. And the rest of
• 24:02
  Speaker 3: it is just, I mean, 35%, 35% of the S
• 24:06
  Speaker 3: & P 500 is supported by seven companies. That is fragility.
• 24:09
  Speaker 3: That's not stability. That means once we get this resect,
• 24:15
  Speaker 3: if you want to call it that, in valuation, With
• 24:19
  Speaker 3: the debt market imploding, again, yields spiking. I mean, could
• 24:23
  Speaker 3: you imagine the fallout? It's going to it's going to rock.
• 24:27
  Speaker 3: The stock markets of the world, debt market melts down,
• 24:31
  Speaker 3: and cash, you see, this is the thing. People think
• 24:34
  Speaker 3: that money or cash grows little cash wings, and it
• 24:38
  Speaker 3: flies to heaven, flies to money heaven. It doesn't do that.
• 24:41
  Speaker 3: It just moves from one set of assets into another.
• 24:43
  Speaker 3: This is the basic understanding how easy it is to
• 24:47
  Speaker 3: capitalize on it. Where's it going to go? It's going
• 24:49
  Speaker 3: to go into commodities, period, the freaking thing, because they're
• 24:52
  Speaker 3: a real thing. Commodities, of course, the boy. But I
• 24:54
  Speaker 3: would say we're going to see gold, especially silver, take
• 24:58
  Speaker 3: off on a scale people aren't going to believe. Well,
• 25:00
  Speaker 3: I can put a perspective on that for you in
• 25:02
  Speaker 3: a second. Then we're going to see crude oil. We're
• 25:04
  Speaker 3: going to see, again, commodities all over. Then I think
• 25:06
  Speaker 3: these are tangible things. Then in the intangible, well, I
• 25:09
  Speaker 3: still say that cryptocurrencies are going to ratchet higher, probably
• 25:14
  Speaker 3: to heights people aren't going to believe. So I say, look, man,
• 25:19
  Speaker 3: how much does it hurt to own one, a fraction
• 25:22
  Speaker 3: of a cryptocurrency? Let's say Bitcoin. Why Bitcoin? Not because
• 25:24
  Speaker 3: I think it's the greatest. I think it's because it's
• 25:26
  Speaker 3: the mommy and everyone knows it. OK, so what would
• 25:29
  Speaker 3: it hurt for people to put a little bit of
• 25:30
  Speaker 3: that new portfolio load up on silver and gold? Now, look, man.
• 25:34
  Speaker 3: We don't have to guess, really, as to where the
• 25:37
  Speaker 3: price action of gold and silver will likely go. We
• 25:41
  Speaker 3: just have to figure out where's the bottom of the Dow.
• 25:45
  Speaker 3: I have been saying, and I've never, ever wavered from this,
• 25:49
  Speaker 3: that we will see a par Dow gold, one-to-one gold
• 25:55
  Speaker 3: Dow ratio.
• 25:56
  Speaker 2: Really?
• 25:57
  Speaker 3: At one point. So we just got to figure out
• 25:59
  Speaker 3: where that's going to be. We don't know where the
• 26:01
  Speaker 3: bottom is. I think I would say realistically, the Dow
• 26:05
  Speaker 3: Jones Industrial Average, we're going to look at this as,
• 26:08
  Speaker 3: let's pick a middle number here, seven times overvalued from
• 26:12
  Speaker 3: where we are now. So whatever that comes to, we
• 26:15
  Speaker 3: will get in it. Now I'm saying we're going to
• 26:17
  Speaker 3: get in at least one to one par, but maybe
• 26:21
  Speaker 3: a two to one favoring gold and a potential 10
• 26:24
  Speaker 3: to one favoring silver gold ratio, I mean, it's going
• 26:30
  Speaker 3: to be an epic, epic event. And then with regard
• 26:33
  Speaker 3: to cryptocurrency, I can tell you that wherever Bitcoin is
• 26:36
  Speaker 3: trading now, multiples, multiples, multiples higher than we're seeing. It's
• 26:40
  Speaker 3: just how the cash is going to move. There's no
• 26:42
  Speaker 3: doubt about it. And anyway, that's how to protect yourself
• 26:47
  Speaker 3: from a financial standpoint. And then, again, preparing for the
• 26:50
  Speaker 3: lockup is the real bigger deal here. Because that means
• 26:54
  Speaker 3: transactions stop. That means zeros across the board. That means
• 26:57
  Speaker 3: there'll be pandemonium on the streets. This is why I'm
• 26:59
  Speaker 3: saying community is so important. That's why I have my
• 27:01
  Speaker 3: year-end event here. I hope you come. I really do.
• 27:03
  Speaker 3: November 8th. I'm going to have an event here. It's
• 27:07
  Speaker 3: all my lines here. What date? Yeah, I'd love for
• 27:11
  Speaker 3: you to come. And if you could.
• 27:13
  Speaker 2: Yeah, I'll be there. What date are you talking and where?
• 27:16
  Speaker 3: November 8th. I could send you something. It's going to
• 27:19
  Speaker 3: be over at a place called The Grove here. It's
• 27:21
  Speaker 3: a Sunday event. I'll put a link up on my site.
• 27:25
  Speaker 2: Yeah.
• 27:27
  Speaker 3: It'll be great, dude. I'd really like to have you there.
• 27:29
  Speaker 3: I'll be there. And this is about building communities, man.
• 27:33
  Speaker 3: It's about, because my dream is, I mean, everyone knows
• 27:36
  Speaker 3: what my dream is. I'm like, it's my people. I
• 27:38
  Speaker 3: believe we need a self-sustaining community. And we can build
• 27:43
  Speaker 3: it if we want to. They really believe that. All
• 27:45
  Speaker 3: we have to do is have the drive to want
• 27:47
  Speaker 3: to build it. And we're way, way from that. But
• 27:49
  Speaker 3: your Lions, my Lions, we combine all our Lions. We
• 27:52
  Speaker 3: can really make this happen here. So people start building communities.
• 27:55
  Speaker 3: That's huge right now. And we're in the endgame. We're
• 27:59
  Speaker 3: seeing everything blow up in real time. Not just the economy,
• 28:01
  Speaker 3: the actions of the Federal Reserve, the actions of the
• 28:03
  Speaker 3: Treasury here, the action of the current administration again, what
• 28:07
  Speaker 3: they're doing time and time again. privatizing the gains, socializing
• 28:12
  Speaker 3: the losses, and then they're calling it all good. And
• 28:14
  Speaker 3: people are sitting back and thinking, it's all fine, it's
• 28:16
  Speaker 3: not good here. This thing with the Pentagon is epic.
• 28:19
  Speaker 3: What they're doing, what Trump floated out today, a Pentagon-linked
• 28:23
  Speaker 3: ownership structure of Venezuelan oil Hundreds upon hundreds of hundreds
• 28:30
  Speaker 3: of– I wouldn't be surprised if it's a trillion dollars
• 28:32
  Speaker 3: of investment in oil that's still on the ground. The
• 28:36
  Speaker 3: infrastructure has got to be completely rebuilt. Exxon already doesn't
• 28:39
  Speaker 3: want anything to do with it because they said it's uninvestable.
• 28:41
  Speaker 3: I think Chevron is on board now with Trump's plan. Well,
• 28:44
  Speaker 3: they've always been there. Chevron is going to get a
• 28:48
  Speaker 3: big chunk of this. I believe they're going to be getting,
• 28:52
  Speaker 3: Trump is offering Chevron, I believe, a century's worth of concessions,
• 28:57
  Speaker 3: a century, 100 years of concessions to join in here
• 29:04
  Speaker 3: to do this. Again, it's an act of mass desperation
• 29:08
  Speaker 3: because we are being thrust into the greatest energy crisis,
• 29:11
  Speaker 3: we're already in one, soon to be emergency the world
• 29:14
  Speaker 3: has ever seen. People need to hunger down for this.
• 29:17
  Speaker 3: They need to store fuel. Be very careful, especially with gasoline.
• 29:20
  Speaker 3: They need to store diesel. They need to store food. Because, again,
• 29:24
  Speaker 3: what's the best way to get people to submit? Make
• 29:27
  Speaker 3: them hungry. Starving. I really believe this.
• 29:30
  Speaker 2: We see that happening in Cuba, right? Starving.
• 29:34
  Speaker 3: Absolutely happening in Cuba. And did you hear this thing?
• 29:37
  Speaker 3: I think it was yesterday or the day before. This bothers.
• 29:40
  Speaker 3: me a little bit. Trump is really berating people, communities
• 29:44
  Speaker 3: that don't want these AI data centers. They're calling them dumb, stupid.
• 29:49
  Speaker 3: Let's put it in his backyard. Let's put one of
• 29:52
  Speaker 3: these data centers in his backyard. Okay. You know, you
• 29:55
  Speaker 3: can't make this stuff up here. But this is what
• 29:57
  Speaker 3: he does. He berates the people and people. There are
• 30:00
  Speaker 3: many people who like to be smacked across the face.
• 30:04
  Speaker 3: They actually enjoy it. I forget whether it's even masochism
• 30:09
  Speaker 3: or sedo or something. Whatever they are. They enjoy it.
• 30:12
  Speaker 3: They enjoy the beatings, the ritualistic beatings, and they say
• 30:15
  Speaker 3: it's the greatest thing in the world. I mean, you
• 30:17
  Speaker 3: know what I mean? But yeah, okay, Trump, let's– There's
• 30:21
  Speaker 3: a data center that's right next to Mar-a-Lago because it's
• 30:24
  Speaker 3: so great and it's stupid if you don't do it.
• 30:27
  Speaker 3: But this is what he's doing. This is– I mean
• 30:29
  Speaker 3: he's– I don't know what he is. He certainly isn't
• 30:32
  Speaker 3: a president. A protector of pedophiles, I say he's a
• 30:35
  Speaker 3: Satanist as well. Pretty obvious. But that's my take, man. But,
• 30:40
  Speaker 3: you know, I see it. People don't like it. Don't
• 30:43
  Speaker 3: have to tune in, man.
• 30:45
  Speaker 2: All right. So November 8th, we will be there for sure.
• 30:49
  Speaker 2: Looking forward to getting together with you and the group.
• 30:52
  Speaker 2: And I'll have a link I'll put out to my list.
• 30:55
  Speaker 2: And hey, creatorschoice.net. Greg's one of the best Substack contributors
• 31:02
  Speaker 2: out there. And we're financialsurvivalnetwork.com. We will talk with you
• 31:08
  Speaker 2: again real soon. Be well, my friend.
• 31:10
  Speaker 1: Thanks for listening to Cary Lutz's Financial Survival Network, your
• 31:14
  Speaker 1: solution to today's trying times. For the latest, go to financialsurvivalnetwork.com.
• 31:20
  Speaker 1: Financial Survival Network, now more than ever.