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The War Cycle Returns - Charles Nenner #6375 · Financial Survival Network

• 0:00
  Speaker 1: Well, a couple of years, I have been saying that
• 0:02
  Speaker 1: the cycles are lining up to bring the same terrible
• 0:06
  Speaker 1: situation as in the early threeties, and I talked about
• 0:08
  Speaker 1: twenty twenty six. Yes, and this is a danger, danger,
• 0:13
  Speaker 1: long term danger situation.
• 0:15
  Speaker 2: You're listening to Carrie Letz's Financial Survival Network, where you
• 0:19
  Speaker 2: get valuable information. You just can't find anywhere else to
• 0:23
  Speaker 2: thrive in today's trying times. You need the Financial Survival
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• 0:43
  Speaker 3: And welcome you are listening to and watching the Financial
• 0:47
  Speaker 3: Survival Network. I'm your host, Carrie Letz, and back, by
• 0:51
  Speaker 3: popular demand is Charles Nenner. Charles, you've been on the
• 0:56
  Speaker 3: show numerous times. You've made a number of the very
• 1:00
  Speaker 3: canny accurate calls. We talked extensively in the past about
• 1:06
  Speaker 3: the war cycle, and it certainly looks like that cycles
• 1:10
  Speaker 3: heating up now as you had given us poor tens
• 1:14
  Speaker 3: of in the past. Where do you see the world
• 1:17
  Speaker 3: war cycle now? Are we heading towards the conflagration or
• 1:22
  Speaker 3: is the cycle going to ease off?
• 1:25
  Speaker 1: The cycle is a little bit going to ease off,
• 1:27
  Speaker 1: but the big explosion is going to be in two
• 1:29
  Speaker 1: thy thirty to thirty two mm hmmm.
• 1:33
  Speaker 3: So obviously you know the cycles there, you don't really
• 1:37
  Speaker 3: know how it's going to be, what the players are
• 1:40
  Speaker 3: going to be.
• 1:40
  Speaker 1: Well, we know who the players are. Yeah, I just
• 1:43
  Speaker 1: get back to my same situation. I think the biggest
• 1:46
  Speaker 1: problem is going to be China and Taiwan. And I
• 1:48
  Speaker 1: will tell you why. If the United States gets involved,
• 1:51
  Speaker 1: to have a big problem. Right, if the Chinese tied
• 1:54
  Speaker 1: to take over the one. Now, if the United States
• 1:56
  Speaker 1: doesn't get involved, we have a big problem. Why because
• 2:00
  Speaker 1: then big countries see that, you know, you can take
• 2:02
  Speaker 1: over smaller countries and nobody will do anything. So then
• 2:05
  Speaker 1: the other countries we're going to do the same. There's
• 2:08
  Speaker 1: still a lot of disputes in Europe, in the Slovakia
• 2:12
  Speaker 1: and who knows where. And he says, okay, so it
• 2:14
  Speaker 1: seems the United States not interfering, so we can take
• 2:17
  Speaker 1: over this country, we can take over that country. So
• 2:19
  Speaker 1: there's no good solution for this problem.
• 2:22
  Speaker 3: Mhm. So we're basically damned if we do and we're
• 2:26
  Speaker 3: damned if we don't. Correct all Right, so, I mean,
• 2:32
  Speaker 3: it's all part of the political cycle. I guess the
• 2:36
  Speaker 3: war in Ukraine Russia is according to your work, do
• 2:41
  Speaker 3: you have an opinion on it?
• 2:43
  Speaker 1: Well, I have an opinion about it, very strong opinion
• 2:47
  Speaker 1: about it. How that started, there was an agreement with Gorbachev,
• 2:52
  Speaker 1: I have to go down back a little bit, that
• 2:56
  Speaker 1: they shoot. The Americans assured him that if he would
• 2:59
  Speaker 1: withdraw half a mon allion soldiers of the army from
• 3:02
  Speaker 1: Russia from East Germany, that's where the NATO would stop.
• 3:06
  Speaker 1: And actually they broke their promise to to mister put
• 3:10
  Speaker 1: In several times, and they expand and they expand until
• 3:13
  Speaker 1: he says, listen, not here. And if we compare it
• 3:16
  Speaker 1: to the situation with Kennedy, Kennedy nobody had any problem
• 3:21
  Speaker 1: that he was treatening Cuba because the Russians are putting
• 3:24
  Speaker 1: rockets over there. But now it seems the Americans say,
• 3:27
  Speaker 1: I don't understand why Russia has a problem that we
• 3:30
  Speaker 1: expand the NATO right to their borders and putting Cystel
• 3:34
  Speaker 1: here not further. And if if only Selinsky would say okay,
• 3:40
  Speaker 1: we would all will not be part of the NATO,
• 3:42
  Speaker 1: I think it would we have the end of the
• 3:43
  Speaker 1: whole problem. And he warned them. He warned them, you're
• 3:46
  Speaker 1: not going to get close to my border with the NATO.
• 3:49
  Speaker 1: And these NATO people say, I know because I'm from
• 3:52
  Speaker 1: Europe and very close to them. They say, well, nobody's
• 3:55
  Speaker 1: going to tell us what to do. I said, yes,
• 3:57
  Speaker 1: But if you come to my house and put a
• 3:59
  Speaker 1: rocket in front of the house, I can tell you
• 4:01
  Speaker 1: what to do. I says, I want you to move
• 4:03
  Speaker 1: the rocket the way. And if you say, you know,
• 4:05
  Speaker 1: don't tell me what to do, you get in trouble.
• 4:07
  Speaker 1: So that's the whole problem over here that doesn't nobody
• 4:13
  Speaker 1: wants to give in.
• 4:15
  Speaker 3: There's a very unpopular opinion in the United States, but
• 4:19
  Speaker 3: it's one that I adhere to because there was a
• 4:23
  Speaker 3: historian I can't remember his name back in the nineties
• 4:28
  Speaker 3: early nineties when the Iron Curtain fell, and he warned
• 4:33
  Speaker 3: the United States about encircling Russia with NATO and that
• 4:39
  Speaker 3: it would inevitably lead to conflict. As far as the
• 4:42
  Speaker 3: war ending, is it going to end here at some
• 4:45
  Speaker 3: point in the not too distant future. Hopefully.
• 4:49
  Speaker 1: I don't think it's really going to end. Maybe we'll
• 4:51
  Speaker 1: have a pause. But this is going on. For this
• 4:54
  Speaker 1: is going on for a long time, as long as
• 4:56
  Speaker 1: Zelinsky doesn't say, and the native doesn't say, we understand,
• 5:00
  Speaker 1: they don't understand the Russian see under the Russians date.
• 5:03
  Speaker 1: They suffer with a lot from Napoleon am Hitler and
• 5:06
  Speaker 1: from the Russian Revolution and the Second World War. And
• 5:09
  Speaker 1: it seems that the West is not understanding why Russians
• 5:12
  Speaker 1: are afraid. They don't want to take over Europe. They're
• 5:15
  Speaker 1: just afraid for next to massacre.
• 5:18
  Speaker 3: Yeah, and understanding that. We don't think Putin is a
• 5:23
  Speaker 3: choir boy by any stretch, but in this case he's
• 5:27
  Speaker 3: legitimately looking out for Russian interests and encirclement is not
• 5:36
  Speaker 3: the way to get on his good side. If there
• 5:38
  Speaker 3: is a way.
• 5:40
  Speaker 1: For Russia, it's very difficult because there's almost no way out.
• 5:46
  Speaker 1: There's no way out, and I know that because I
• 5:49
  Speaker 1: have some context with the Russians for many years, because
• 5:53
  Speaker 1: they're surrounded by all the Muslim countries, so they have
• 5:59
  Speaker 1: not a lot of trust in having that as an exit.
• 6:03
  Speaker 1: And then you know, to the north it's difficult. So
• 6:07
  Speaker 1: they need Europe actually, and if Europe would be would
• 6:10
  Speaker 1: be clever, they would just incorporate Russia because actually that
• 6:14
  Speaker 1: Russia wants to be part of Europe. But we have
• 6:17
  Speaker 1: this doctor in the United States. What is it called
• 6:21
  Speaker 1: Monroe doctrine or something like.
• 6:22
  Speaker 3: That, the doctrine.
• 6:24
  Speaker 1: Yeah, that we have to finish up the Russians. Nobody
• 6:28
  Speaker 1: knows why, and we're not looking at the rest of
• 6:30
  Speaker 1: the world. That starts to be much more dangerous. So
• 6:35
  Speaker 1: as long as they have this doctrine and they expand,
• 6:39
  Speaker 1: it's not going to stop.
• 6:40
  Speaker 3: Yeah. Well, Trump's really does not appear to be a
• 6:43
  Speaker 3: big supporter of the war, wants it to end, but
• 6:48
  Speaker 3: there's just interest not to mention the military industrial complex exactly.
• 6:54
  Speaker 3: You know, they're the biggest beneficiar area of it. They
• 6:57
  Speaker 3: don't care who wins or loses, as long as they're
• 6:59
  Speaker 3: products keept put in production, destroyed and then need to
• 7:04
  Speaker 3: be replaced.
• 7:05
  Speaker 1: Yes, the Christmas to come in and you know, make
• 7:07
  Speaker 1: money on the rebuilding of the Ukraine.
• 7:11
  Speaker 3: Yeah, exactly. Well, hopefully they'll see some sense. What do
• 7:16
  Speaker 3: you see with the stock market, particularly, you know, the
• 7:20
  Speaker 3: Dow Jones, the major indices were going to keep seeing
• 7:24
  Speaker 3: them go higher, And is that strictly a result of
• 7:28
  Speaker 3: inflation or is there something else going on.
• 7:31
  Speaker 1: What's going on is that everybody's crazy. And I remember
• 7:36
  Speaker 1: in two thousand and seven eight I predicted this, this
• 7:39
  Speaker 1: crash and on CEB see and after the question says says,
• 7:42
  Speaker 1: how could we so stupid to think a market never
• 7:44
  Speaker 1: goes down again? For a couple of years, I have
• 7:47
  Speaker 1: been saying that these cycles are lining up to bring
• 7:51
  Speaker 1: the same terrible situation as in the early thirties, and
• 7:54
  Speaker 1: I talked about twenty twenty six. Yes, and this is
• 7:58
  Speaker 1: a danger danger, long term, dangerous situation.
• 8:01
  Speaker 3: Mm hmm. So the markets are grossly overvalued, isn't it
• 8:06
  Speaker 3: a lot of a function of money coming from money
• 8:10
  Speaker 3: flows coming from other countries' loss of faith in their
• 8:15
  Speaker 3: own markets and their own government paper.
• 8:19
  Speaker 1: Well, they don't trust the American paper much better. No,
• 8:24
  Speaker 1: nobody trust anybody. One of the reasons gold is up.
• 8:27
  Speaker 1: And I don't know if I discussed on this show
• 8:29
  Speaker 1: was again from the europe perspective.
• 8:31
  Speaker 3: A lot of.
• 8:32
  Speaker 1: European countries had the gold stored with the Americans, and
• 8:36
  Speaker 1: at a certain moment they thought that and probably was correct,
• 8:41
  Speaker 1: that the Americans were all we estimating they didn't have
• 8:44
  Speaker 1: all their gold anymore. That are supposed to keep from
• 8:46
  Speaker 1: the Europeans. And then I said, now they're going to
• 8:49
  Speaker 1: buy back a lot of gold, because Europeans already asked
• 8:52
  Speaker 1: them to send back the gold to Europe because they
• 8:54
  Speaker 1: didn't trust the Americans anymore. Oh now it's nobody trusts
• 8:59
  Speaker 1: anything any anything anymore. Because you know, I have friends
• 9:02
  Speaker 1: who who cannot send their children to kindergarten because the
• 9:06
  Speaker 1: subsidies disappeared, because everything goes to the defense now in Europe,
• 9:12
  Speaker 1: which is going to kill the economy. Also because these
• 9:14
  Speaker 1: people cannot go to work, they have to take care.
• 9:16
  Speaker 3: Of the children.
• 9:17
  Speaker 1: So this is really a worldwide situation that you cannot underestimate.
• 9:23
  Speaker 3: So gold keeps going higher, and what about silver.
• 9:27
  Speaker 1: Well, both of them, both of them. There's a lot
• 9:30
  Speaker 1: of cycles stopped over here, and I think they only
• 9:34
  Speaker 1: go up again in the summer June July. I expect
• 9:39
  Speaker 1: now to see some weakness and then into the summer
• 9:42
  Speaker 1: and then go up again.
• 9:43
  Speaker 3: How high you think they can go, I.
• 9:46
  Speaker 1: Couldn't tell you. I couldn't tell you because the system
• 9:49
  Speaker 1: I have goes calculates this from the lost highs, and
• 9:53
  Speaker 1: it's so far above the last high that I couldn't
• 9:56
  Speaker 1: come up with a number.
• 9:57
  Speaker 3: Wow.
• 9:58
  Speaker 1: So so I did years ago write an article for
• 10:03
  Speaker 1: Golden Sacks when I was there that if they would
• 10:07
  Speaker 1: connect the gold standard again which was taken out by Nixon,
• 10:11
  Speaker 1: to the dollar, then I know the price is going
• 10:14
  Speaker 1: to thirty thousand.
• 10:16
  Speaker 3: Mm hmm. You think, I think they.
• 10:18
  Speaker 1: Dared to do that, but you never know what's going on.
• 10:21
  Speaker 3: Yeah, do you think that could actually happen? I mean
• 10:23
  Speaker 3: that would require giving up power, the ability to run deficits,
• 10:30
  Speaker 3: to basically spend on anything that they deem necessary, and
• 10:36
  Speaker 3: it would just be giving up massive power. Effect Well,
• 10:40
  Speaker 3: there is there is research.
• 10:43
  Speaker 1: It says that the expansion of a bigger state country
• 10:47
  Speaker 1: is usually two at fifty years. And first we were
• 10:52
  Speaker 1: proud because on Dutch, the Dutch who was ruling the
• 10:54
  Speaker 1: world and the seas two and fifty years, they got
• 10:57
  Speaker 1: into a deficit, and then towards the Spanish and Portugal
• 11:02
  Speaker 1: and they got into such a deficit and they gave up.
• 11:05
  Speaker 1: And then it was the English and they also got
• 11:07
  Speaker 1: in trouble. And if you go from the Civil War,
• 11:10
  Speaker 1: I think it's now fifty years exactly to the point.
• 11:14
  Speaker 1: So the United States should be at the end of
• 11:16
  Speaker 1: the expansion. And like I said a couple of years ago,
• 11:21
  Speaker 1: the major major powers in the economy is going to
• 11:26
  Speaker 1: come from the east in the China, of course, Japan,
• 11:31
  Speaker 1: It's going to come from there. And the West is
• 11:33
  Speaker 1: just gonna, you know, stay behind, like Europe is staying
• 11:37
  Speaker 1: behind early for many years. Also the United States will
• 11:39
  Speaker 1: stay behind. And I understand the problem. Nobody wants to
• 11:43
  Speaker 1: do something about the deficit because it makes you unpopular,
• 11:47
  Speaker 1: so they continue to continue to continue. And if something
• 11:51
  Speaker 1: happens and the short term interest rates have to go up,
• 11:54
  Speaker 1: they almost cannot you know, pay their debt. It's going
• 11:57
  Speaker 1: to be a big problem.
• 11:59
  Speaker 3: So are ray it's heading higher.
• 12:02
  Speaker 1: The long term rates are still heading higher, but waiting
• 12:05
  Speaker 1: for the short short term rates, you know, to not
• 12:08
  Speaker 1: right now, but if they go up a percent or so,
• 12:11
  Speaker 1: then there's a big travel ahead.
• 12:13
  Speaker 3: Now.
• 12:14
  Speaker 1: The work I do with the cycle is actually in
• 12:18
  Speaker 1: the interpretation of the facts. And let me give you
• 12:21
  Speaker 1: and give you an example. Let's say you own IVM
• 12:24
  Speaker 1: at one hundred and it goes one hundred and fifty
• 12:27
  Speaker 1: doing great, So IBM comes out with a great number.
• 12:32
  Speaker 1: So the question is is IBM going up tomorrow? Or down,
• 12:36
  Speaker 1: so everybody will say it's a great number. It goes up.
• 12:39
  Speaker 1: So if it goes up, the walls etournal will write
• 12:42
  Speaker 1: the results were so good, people pour it into IBM.
• 12:46
  Speaker 1: Whatever AM goes down the next day now to come
• 12:49
  Speaker 1: up with a story. People don't think IBM can do
• 12:51
  Speaker 1: better next time, so they to profit. No, No, that's
• 12:55
  Speaker 1: how it works, and I work. So even if you
• 12:58
  Speaker 1: know the facts, you have to know the interpret So
• 13:01
  Speaker 1: why do I say this. We have this problem with
• 13:03
  Speaker 1: the deficit, and everybody knows this problem, but since the
• 13:07
  Speaker 1: cycles were up, they don't take it seriously. So once
• 13:10
  Speaker 1: the cycle turns down, they all start to remember all
• 13:14
  Speaker 1: the bad situations that are in the world, and that
• 13:16
  Speaker 1: will sell off the market. So it's not based on facts.
• 13:19
  Speaker 1: It's based on the interpretation of facts, because we all
• 13:21
  Speaker 1: know what the situation is.
• 13:23
  Speaker 3: Right, And I know you said in the past that
• 13:27
  Speaker 3: the cycle determines the news, not that he's determining the cycle.
• 13:32
  Speaker 3: I explain that to people and it's like I'm talking
• 13:35
  Speaker 3: a foreign language.
• 13:36
  Speaker 1: You can't, you can't, you can't do it. I made
• 13:38
  Speaker 1: it this extreme that they say, well, what if they
• 13:42
  Speaker 1: will you say the market goes up and they will
• 13:45
  Speaker 1: kill Trump today and the market can cannot go up.
• 13:49
  Speaker 1: People will say right, and they say, it's the other
• 13:51
  Speaker 1: way around. It's like quantum mechanics, which most people don't
• 13:54
  Speaker 1: know about it. The cause and result is reversed. So
• 13:57
  Speaker 1: if I see the market goes up, today's not the
• 13:59
  Speaker 1: data can call Trump. They can only kill Trump if
• 14:02
  Speaker 1: the market is going to sell off.
• 14:04
  Speaker 3: And we're saying figuratively here, not literally, but yes, yeah.
• 14:11
  Speaker 3: And that's the fascinating thing that once you get it
• 14:17
  Speaker 3: through your head, that the that the cause is really
• 14:20
  Speaker 3: the effect and the effect is really the cause. It
• 14:24
  Speaker 3: really changes your outlook towards how you see news, how
• 14:28
  Speaker 3: you see markets, everything else. So inflation, they like to say,
• 14:35
  Speaker 3: inflation's gone, it's under control. But the cycle is the cycle, right.
• 14:41
  Speaker 1: Right, and you can't stop it. It's nothing you can do.
• 14:45
  Speaker 1: I used to say. People say, so what do we do?
• 14:47
  Speaker 1: I says, well, after summer comes winter you can stop it.
• 14:51
  Speaker 1: But if you know it's coming, you can have a
• 14:52
  Speaker 1: winter code. So what my work does is we don't
• 14:56
  Speaker 1: look at the news. We just know what's going to happen,
• 14:59
  Speaker 1: and later we find out why it's going to happen.
• 15:01
  Speaker 1: If that is already connected. Maybe they just make up
• 15:04
  Speaker 1: a story. You don't know.
• 15:05
  Speaker 3: Yeah, there's a lot of fiction. I kind of view
• 15:08
  Speaker 3: it as like you're in Hawaii and the title wave
• 15:12
  Speaker 3: is coming and you're on a surfboard, and do you
• 15:16
  Speaker 3: try to fight the wave or do you try to
• 15:19
  Speaker 3: ride the wave? And riding it is always the best
• 15:22
  Speaker 3: course of action. You might get thrown off the board,
• 15:25
  Speaker 3: but at least you're heading in the right direction. And
• 15:28
  Speaker 3: really it's kind of fascinating. So food prices, energy prices.
• 15:34
  Speaker 3: Let's do energy first, because you've been uncannily correct on
• 15:38
  Speaker 3: energy prices over the long term.
• 15:41
  Speaker 1: If you remember that once we had a crash and
• 15:44
  Speaker 1: I predicted that the oil price will go to three dollars,
• 15:47
  Speaker 1: Do you remember that?
• 15:48
  Speaker 3: Yes? I remember.
• 15:49
  Speaker 1: It was so strange, and it went even to minus
• 15:52
  Speaker 1: two or minus three and a minus four. So I
• 15:55
  Speaker 1: was in contact with some governments, says, by all the
• 15:58
  Speaker 1: contracts you can, because now you can tobute fuel for free.
• 16:04
  Speaker 1: Wasifuying it under the price? Okay, there were not a
• 16:07
  Speaker 1: lot of them. Were not sophisticated again enough to know
• 16:10
  Speaker 1: how to do it. And now I forgot your question.
• 16:13
  Speaker 3: Can you hear out so well, first I'll talk about
• 16:17
  Speaker 3: energy prices short long term, and then food prices.
• 16:22
  Speaker 1: Okay, so I tell you short term, we had an
• 16:24
  Speaker 1: upside target of sixty seven forty. I think we reached
• 16:27
  Speaker 1: sixty seven thirty and we'll see a bit shortened weakness.
• 16:31
  Speaker 1: But longer term, oil prices are going higher. The weekly
• 16:35
  Speaker 1: cycle is up, and people will say that's because of Iran. Well,
• 16:40
  Speaker 1: if it didn't go up really to the roof until now,
• 16:43
  Speaker 1: it has nothing to do with Iran. It's just the cycle.
• 16:48
  Speaker 1: So longer term, we're bullish on the on the crude
• 16:53
  Speaker 1: and not a natural gas. Yet we're still short natural gas.
• 16:58
  Speaker 1: In a couple of weeks we see as bottom coming
• 17:00
  Speaker 1: in natural gas. So let's see if Trump I think,
• 17:05
  Speaker 1: you know, it's too expensive to keep the half of
• 17:07
  Speaker 1: the army around Iran and not do anything. So I
• 17:09
  Speaker 1: think they have to do something. And let's see if
• 17:13
  Speaker 1: there's any connection to the to the oil price. Last time,
• 17:15
  Speaker 1: nothing happened when they thought that Iran, So again here
• 17:18
  Speaker 1: we go. Has nothing to do with the news, otherwise
• 17:21
  Speaker 1: all the traders would be very long over now. And
• 17:24
  Speaker 1: now I think we're on sixty six and so obviously
• 17:29
  Speaker 1: they don't make any connection with Iran.
• 17:32
  Speaker 3: Nothing's happened with Venezuela being taken over either. So is
• 17:39
  Speaker 3: that telling us that the economy is really weak, that
• 17:42
  Speaker 3: the economic cycle is down, or is it telling us
• 17:45
  Speaker 3: that supplies are way more than necessary. I'm not sure
• 17:49
  Speaker 3: how to read it.
• 17:50
  Speaker 1: Well again, you see not that you made the same mistake,
• 17:54
  Speaker 1: But it's the interpretation. It just depends what people think
• 17:58
  Speaker 1: right now and the cycle. How did I get into
• 18:02
  Speaker 1: the cycles because I did the psychiatry residence when I
• 18:06
  Speaker 1: was a medical doctor, and we tried to find out
• 18:09
  Speaker 1: all over the world if people become psychotic at the
• 18:11
  Speaker 1: same time the cycle that all over the world, the
• 18:16
  Speaker 1: more psychotic pagers. Now we knew that if there's full moon,
• 18:20
  Speaker 1: more women get birthed early, and so you have to
• 18:24
  Speaker 1: staff your hospital. If you ask me why, nobody knows
• 18:27
  Speaker 1: what it has to do with the full moon, but
• 18:29
  Speaker 1: you just have to be ready.
• 18:30
  Speaker 3: Yeah.
• 18:31
  Speaker 1: Well, as a doctor, you learn if the red pill
• 18:33
  Speaker 1: saves you, I give you the red pill. You ask
• 18:35
  Speaker 1: me how it works. I don't know. So that's the
• 18:37
  Speaker 1: same what we do with the markets. Why it happens,
• 18:40
  Speaker 1: could be, could not be. I have this big discussion
• 18:43
  Speaker 1: about the black Swan theory. You know, the black Swan
• 18:47
  Speaker 1: theory is unexpected coming and that can crash the markets. Now,
• 18:52
  Speaker 1: if you know the banks and the companies I work with,
• 18:55
  Speaker 1: how much people they have working on what could trigger it,
• 18:59
  Speaker 1: we don't have to look that. We know when it's
• 19:01
  Speaker 1: going to happen. So, well, why do you do all
• 19:03
  Speaker 1: that work? So I asked them why do you do
• 19:06
  Speaker 1: all that work? And then they say, because if we
• 19:08
  Speaker 1: have shareholder meetings, this is how people think, and we
• 19:12
  Speaker 1: cannot say, listen, we know when it's going to happen.
• 19:14
  Speaker 1: We don't know why they don't accept it. So they
• 19:16
  Speaker 1: have hundreds and hundreds of pages of explanations in case A, B, C,
• 19:20
  Speaker 1: D what can happen? So why are people still not
• 19:24
  Speaker 1: following what we just said that why don't you look
• 19:26
  Speaker 1: at what's going to happen and not why it's going
• 19:28
  Speaker 1: to happen? Because they're conditioned by this by people who
• 19:30
  Speaker 1: sell the networks, you know, the cnbcs and the foxes
• 19:33
  Speaker 1: et cetera, et cetera. And there's a whole industry around
• 19:36
  Speaker 1: this with people who have no idea why your market
• 19:39
  Speaker 1: goes up and down as you broke, It doesn't know
• 19:41
  Speaker 1: and they keep the reality out of the common view.
• 19:45
  Speaker 1: So that's why most people don't improve.
• 19:48
  Speaker 3: And the black swan always comes from outside the system,
• 19:52
  Speaker 3: not from within, so they're looking in the wrong places anyway. Yeah,
• 19:57
  Speaker 3: so food prices, you know, they've been pretty contained as
• 20:03
  Speaker 3: of recently. What's the cycle telling us there?
• 20:06
  Speaker 1: It will take some a while, but the inflation's coming back.
• 20:11
  Speaker 3: Yeah, So can we tell inflations down just because of
• 20:17
  Speaker 3: the cycle or.
• 20:19
  Speaker 1: Just because of the cycle. If you think that prices
• 20:21
  Speaker 1: go up, look at countries where they have an economy
• 20:26
  Speaker 1: of Venezuela or Iran or whatever Turkey and they think,
• 20:30
  Speaker 1: you know, tomorrow my money is worth less, so I'm
• 20:33
  Speaker 1: going to buy it today. Drives the prices. Nothing happened yet,
• 20:37
  Speaker 1: Is this what you think? So once people are thinking
• 20:39
  Speaker 1: inflation comes back, we have a problem, right.
• 20:43
  Speaker 3: One final question about silver. You know, we see it
• 20:48
  Speaker 3: appears that silver is in a shortage chronic deficit. We
• 20:54
  Speaker 3: don't know how much silver is out there being held,
• 20:58
  Speaker 3: especially in Asia by just cultures that believe wealth should
• 21:04
  Speaker 3: be kept in metals. Is a cycle appearing that silver
• 21:09
  Speaker 3: is in tight supply?
• 21:10
  Speaker 1: In fact, I really I heard that also, it's not again,
• 21:15
  Speaker 1: it's not what we're busy with. We're busy enough with
• 21:19
  Speaker 1: all the markets we follow. And again I tell you
• 21:23
  Speaker 1: that they all said, to people who like to know
• 21:25
  Speaker 1: what we do, you can go to the website. You
• 21:28
  Speaker 1: don't have to give a credit card. You can go
• 21:30
  Speaker 1: out thirty days for free. We don't ask a credit card,
• 21:33
  Speaker 1: we don't ask anything. And see how we do it.
• 21:35
  Speaker 1: So we're busy with what's going to happen and when
• 21:37
  Speaker 1: it's gonna happen, and a lead for the other people.
• 21:41
  Speaker 1: Like Buffett said, I never saw a journalist a financial journalist.
• 21:44
  Speaker 1: There was a multi millionaire. And if you listen to
• 21:48
  Speaker 1: the people on television, they sit there. Actually I like
• 21:51
  Speaker 1: them because it used to be a lot on CNBC.
• 21:53
  Speaker 1: They sit already for thirty years and we listen to them.
• 21:56
  Speaker 1: And if they would be so good, you know, they
• 21:58
  Speaker 1: would do something else. Yeah, they would have a hedge fund,
• 22:01
  Speaker 1: or they would be running a bank, or there will
• 22:03
  Speaker 1: be you know.
• 22:04
  Speaker 3: The talking heads never steaks to amaze. Well, those who
• 22:08
  Speaker 3: can do those who can't teach. Those who can't teach,
• 22:13
  Speaker 3: teach teachers. Those who can't teach teachers become journalists pretty much.
• 22:18
  Speaker 1: So I just forgot to say. So, if you go
• 22:21
  Speaker 1: to Charles Nanda Research Center, you can sign us thirty
• 22:24
  Speaker 1: days for free and just follow how we do it.
• 22:27
  Speaker 1: At least you know how the insiders do it. If
• 22:29
  Speaker 1: you don't want to do it that way, if you
• 22:31
  Speaker 1: want to listen to the media, you're free to do it.
• 22:33
  Speaker 1: But at least if you notice knowledge around and it
• 22:36
  Speaker 1: can really help you making a lot of fortune.
• 22:39
  Speaker 3: Yeah, I've seen it over the years. I've experienced it myself.
• 22:43
  Speaker 3: The link is in the show notes this interview on
• 22:45
  Speaker 3: Financial Survival Network dot com. We're now fully substack, so
• 22:51
  Speaker 3: please sign up, subscribe, and Charles appreciate you coming on
• 22:55
  Speaker 3: as always, Be well and we'll talk to you soon.
• 22:58
  Speaker 1: Okay, we will.
• 23:00
  Speaker 2: Thanks for listening to Carrie Letz's Financial Survival Network, your
• 23:04
  Speaker 2: solution to today's trying times. For the latest, go to
• 23:08
  Speaker 2: Financial Survivalnetwork dot com. Financial Survival Network now more than ever,