Latest / Financial Survival Network / Capitalism's Bleak Future: Homelessness, Inflation, Cryptocurrency -- John Rubino #5949

Transcript

Capitalism's Bleak Future: Homelessness, Inflation, Cryptocurrency -- John Rubino #5949 · Financial Survival Network

• 0:00
  Well, you know that since the last time you and I talked, the
• 0:03
  CPI and the PPI both came out, and the CPI was much lower than
• 0:08
  anybody expected. The PPI was actually negative. There was actually deflation in commodities,
• 0:14
  and so all of a sudden, it seems like inflation is and you
• 0:18
  know, you and I talked about this. There are so many recession indicators
• 0:22
  out there that we would expect lower inflation and maybe even deflation in the year
• 0:26
  ahead. You are listening to Carrie Leutz's Financial Survival Network, where you get
• 0:31
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• 0:37
  You need the Financial Survival Network now more than ever. Go to Financial Survivalnetwork
• 0:43
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• 0:50
  than ever. And welcome. You are listening to watching the Financial Survival Network.
• 0:58
  I'm their host, Carrie Lutz. John Rabino is with us. John,
• 1:02
  Hey, I just came back. I got to share with you.
• 1:03
  This just came back. I was in LA for conference in Woodland Hills,
• 1:08
  which was pretty Tony neighborhood, and I mean I could not believe, like,
• 1:15
  right in the center of town, there's a homeless encampment. They're supposedly
• 1:19
  building the La RAMS training center there, but they got ghost malls, they
• 1:23
  got ghost buildings that have been empty for ten years. Remember that electronics chain
• 1:29
  Fries, which was a marvelous chain, the best chain out there, way
• 1:34
  better than any of the big boxes. Now that's been empty for about ten
• 1:38
  years. I just could not believe. And then I go to the airport.
• 1:42
  All right, I know, like newcomer to the drug scene. But
• 1:46
  in front of the airport last night as I'm leaving the night before, there's
• 1:49
  like people all over the place smoking marijuana in front of the airport. John,
• 1:55
  what is the world coming to here? Well, you know what,
• 1:57
  maybe that's where they put all the sand for Cisco of homeless people when they
• 2:00
  cleared them out, just lay a good thing for presidents to come visit.
• 2:05
  So yeah, because they you know, they're somewhere, So maybe they just
• 2:07
  dumped them in some other homeless encampment. So you saw, you saw it
• 2:10
  double the normal number. But I can't go. California is a nightmare.
• 2:16
  Yeah, I haven't newsome. It is very likely going to be the Democrat
• 2:21
  nominee this time around, or possibly no not guaranteed, but I think,
• 2:24
  you know, possibly good pump, but he's so easy to run against.
• 2:30
  All you need to do is run video of California right now, almost random
• 2:35
  video. You don't even have to curate it or anything. Just drive down
• 2:38
  the street and post the video and then say do you want this guy running
• 2:42
  the country? You know? And that seems like that's all you would have
• 2:45
  to do. Man, I'm like, all for legalizing, liberalizing all these
• 2:49
  drug laws. It's a mental health issue. It's not a criminal issue.
• 2:53
  But because the cost gets so high, people have to steal to support their
• 2:57
  habit, it becomes a criminal justice issue. But in places like even New
• 3:00
  Jersey and numerous other states, the deal is you got to go for treatment
• 3:06
  if you get arrested for crime, and if you don't, then they'll send
• 3:10
  you to jail. This is what we need for the rest of the country.
• 3:15
  You know, you get arrested for drug crimes whatever, or you're a
• 3:19
  criminal because you're involved in drugs, you need mandatory treatment get off of it.
• 3:24
  And you know it's doable, but there's no will to do it.
• 3:29
  You know. Have you had Michael Schellenberger on your show because he wrote a
• 3:32
  book about this called San Francisco, Sico, San Francisco, San Francica.
• 3:38
  Yeah, and that's basically the conclusion that he comes to in that book is
• 3:44
  that most of the people in the streets are drug addicted or mentally ill,
• 3:49
  and therefore you can't fix their lives by giving him a little apartment or something
• 3:54
  like that. The rent's not too damn high. Is that that's not the
• 3:59
  call of it? No, no, he yeah, he actually said the
• 4:04
  idea of the normal middle class person who loses their job and ends up on
• 4:09
  the street is a myth. Yeah, it's not what's there? So,
• 4:13
  yeah, and so you basically have to have some kind of a some kind
• 4:17
  of what you know, a liberal person might call coercive. Yeah, there
• 4:21
  has to be some kind of coercion involved in here where they there's some behavior
• 4:26
  that's expected and if they don't behave in that way, then there's a consequence,
• 4:31
  you know. And so we'll see. I think it's a self correcting
• 4:34
  thing, luckily, because different states have different policies, so we know what
• 4:38
  works and what doesn't. And yeah, could not they got it more.
• 4:42
  Yeah, the guy the guys who implement what doesn't work just get kicked out
• 4:45
  of office. Hopefully, that's so easy to happen. One's upon a time
• 4:48
  that happened. But now they get they get kicked up for higher office,
• 4:53
  right, yeah, you just move them up to president or sent there's something
• 4:57
  like that. I mean, look at our president now. He was basically
• 5:00
  a failed politician, and he failed his way to success. You know,
• 5:04
  the way it's happening now is that people are voting with their feet in states.
• 5:11
  They're moving out of states that are badly run and into states that are
• 5:15
  perceived as being well run. And there's a nasty side effect to that,
• 5:19
  which it leaves all the people who like the way the badly run states are
• 5:24
  being run at home to vote and people don't like it leaves so you don't
• 5:29
  get any pressure on the mayors and the governors to do a better job because
• 5:33
  they get reelected no matter what. So anyhow, that's that's a long that's
• 5:38
  a sessions worth of yeahs So, but in the meantime, we got plenty
• 5:46
  of issues here. So what's with inflation that just disappeared? Happy days are
• 5:50
  here again. Rates are going lower and pretty soon before you know it,
• 5:56
  banks will start making loans again. Who could believe that could happened. Well,
• 6:00
  you know that since the last time you and I talked, the CPI
• 6:03
  and the PPI both came out and the CPI was was much lower than anybody
• 6:09
  expected. The PPI was actually negative. There was actually deflation in commodities,
• 6:15
  and so all of a sudden, it seems like inflation is and you know,
• 6:18
  you and I have talked about this. There are so many recession indicators
• 6:21
  out there that we would expect lower inflation and maybe even deflation in the year
• 6:27
  ahead, and that's starting to kind of play out. And so the question
• 6:31
  is is it good for the stock market? Because stocks rocketed on this,
• 6:33
  We had this big relief rally, Yeah, and huge ract you know.
• 6:39
  The implication, well, disinflation is good for stocks when when the inflation rate
• 6:44
  is positive, but declining stocks usually go up. But deflation is bad for
• 6:48
  stocks when when prices actually go down. And I kind of think that that's
• 6:53
  what we're going to see in the next year, just because there's so many
• 6:55
  really major signs of weakness out there and zero heads. Today they just said
• 7:00
  that the index of leading economic indicators went down for like the sixteenth month in
• 7:06
  a row. You know, those are things that point towards future economic activity,
• 7:12
  the things that make up that index, and you know, there's all
• 7:15
  kinds of other things that you and I have talked about that indicate recession is
• 7:20
  coming. So if we get if I'm not here already, yeah, yeah,
• 7:26
  if they don't go back and revise everything and say, oh, it's
• 7:28
  starting in October, which is usually the way it works and the way it
• 7:31
  could work this time, but that's not good for stocks because an actual recession,
• 7:38
  especially if there's deflation during the recession, really lowers corporate earnings and that's
• 7:44
  bad for stock prices, and yeah, yeah, it's bad for the banks,
• 7:47
  and it also blows up a lot of the leverage speculating community. There
• 7:53
  are huge sections of the financial world that can't function in deflation. They need
• 7:58
  inflation and interest rates to be doing what they're supposed to do and instead of
• 8:03
  just plunge it, so you know, you you end up with lower corporate
• 8:07
  earnings, falling stock prices, and then a bunch of crises that governments have
• 8:11
  to step in and bail out. And I kind of think that's Petsil's coming
• 8:15
  based on a lot of commous leaders. So this relief rally was probably kind
• 8:22
  of a delusional and it's probably going to be reversed out pretty soon. That
• 8:26
  that would be my prediction for the next few months. All right, Well,
• 8:28
  it'll be interesting to see, that's for sure. I mean, uh,
• 8:33
  it definitely, it's definitely we're at a real pivotal point here. We
• 8:37
  don't know what's going to happen, but if these banks don't turn around fast,
• 8:41
  I don't see how that's going to help. And kudos to you for
• 8:45
  that great article in zero Hedge today by you, and we'll put a link
• 8:50
  in the show notes to that about inflation just up and disappearing. Yeah,
• 8:54
  it's nice when zero hedge kicks up your stuff, you know. That's uh
• 8:58
  that that site is a giant compared to most of the regular sites up there,
• 9:03
  so very cool to see that happen once in a while. Hey,
• 9:07
  So, you know, going back to the recession, the phenomena, you
• 9:09
  know, the leading economic indicator is down for the nineteenth straight month. Do
• 9:15
  we not have a recession? Now? How is there not a recession?
• 9:18
  Well, there's been all kinds of indicators like that, Like remember how long
• 9:22
  the yield curve was inverted for and it didn't cause a crash or anything.
• 9:28
  So there's a lot of stuff out there that, you know, the indicator
• 9:31
  happens, but the economy doesn't follow along the way it has historically done.
• 9:35
  And there are reasons for that, and one of them is all those stimmy
• 9:39
  checks from Yeah Trillia. We basically said, Okay, you don't have to
• 9:43
  go into work, so you stay home and work from home. You don't
• 9:48
  have to pay rent, you don't have to your student loans, yeah,
• 9:52
  or your mortgage or your student loans, and then we're going to send you
• 9:54
  checks at least every two months. So people ended up accumulating what they call
• 10:00
  excess savings, and they've been spending those excess savings for the last couple of
• 10:05
  years, and that's kept the economy going when a lot of those indicators said
• 10:09
  that it shouldn't anymore. You know, the yield curve goes inverted. So
• 10:13
  you know, we've got plenty of money, and now people have used up
• 10:18
  their excess savings, but they're putting everything on plastic. So credit card debt
• 10:22
  is soaring, which is another negative indicator. You know, when you get
• 10:26
  a trillion dollars of credit card debt and rocketing delinquencies on credit cards, then
• 10:33
  you know, consumer spending has to decline because all those people who are now
• 10:37
  having to pay on their student loans but they're already maxed out on their credit
• 10:41
  cards. They're not going to go out to Costco and spend five hundred dollars
• 10:43
  this weekend. It's just not going to happen. So that's another recession indicator
• 10:48
  and possibly deflation indicator of many, Yeah, of many or sure, and
• 10:58
  you just, uh, it's this lead living in this world of illusion of
• 11:05
  delusion, because I think the argument is there quite persuasively that we were been
• 11:11
  having a recession for the past year. It's just that the some of the
• 11:15
  traditional indicators tend to lag anyway, and real estate's been good, the job
• 11:22
  numbers have been okay, so we hang our hat on that. But the
• 11:26
  reality is if you just printed money and nobody had to do anything, you
• 11:31
  know, it would look it would look even better. Yeah, oh,
• 11:33
  the modern monetary theory thing would look great for the first few years. If
• 11:39
  we just just printed money and gave it to everybody, cut everybody's taxes and
• 11:45
  stopped borrowing money, and just finance the government with newly printed currency. That
• 11:48
  would work until why yeah, until inflation spiking the dollar tanked, because that's
• 11:54
  that's the logical conclusion of a product, you knows, where you just finance
• 12:01
  yourself with newly created currency. So you know, we kind of did that,
• 12:05
  really and we got a pretty good economy out of it, at least
• 12:07
  in terms of headline numbers superficially. You know, you mentioned real estate and
• 12:13
  what was the other thing you mentioned something else that labor, the labor market,
• 12:16
  and both of them under the surface are horrendous, but the headline numbers
• 12:20
  are okay. But you know, in the labor market, you get you
• 12:22
  get these big jog job numbers now and then after the number comes out and
• 12:28
  everybody gets excited about it, people dig into it and say, oh,
• 12:31
  one hundred and seventy five percent of the new jobs were we're part times.
• 12:37
  That means we're losing full time jobs at the same time people are having to
• 12:41
  take on, you know, third jobs in order to make ends meet.
• 12:43
  That's not a good job's number after all. But by that time, everybody
• 12:48
  saw the headline number and came to their conclusion, you know, and same
• 12:52
  thing with real estate. Link criss are elevated still, but The reason they're
• 12:56
  elevated is because nobody's willing to sell because the mortgage rates you're so high now
• 13:01
  that if you sell a house with a three percent mortgage and you have to
• 13:05
  take on an eight percent mortgage to buy your next house, that doesn't work
• 13:07
  for you, you know, but exactly the case. Your mortgage, your
• 13:13
  low rate, cut rate mortgage has become a major asset. But it's also
• 13:18
  to become a millstone around your neck because if you need to finance your next
• 13:22
  home, it's going to cost you to double and you'll buy half the house
• 13:28
  that'll wind up costing you the same. Why bother moving? It's like a
• 13:31
  rent controlled apartment in New York City, isn't it. You get it?
• 13:35
  You never leave. You know, you're ninety six years old, you're still
• 13:39
  walking up those stairs to that rent control department. So I think that's true
• 13:43
  with a lot of houses now that are you know, McMansions. They're completely
• 13:46
  inappropriate for the sixty nine year old baby boomers living there because they've got three
• 13:52
  stories and the boomers have bad news, but they can't leave, you know.
• 13:58
  Yeah, So I think there are three big sources of homes for sale.
• 14:03
  Inventory come in pretty soon, and when they come, it's going to
• 14:05
  be a deluge. And that is the boomers who are going to finally have
• 14:07
  to sell they can they can't get upstairs anymore. And the Airbnb guys who
• 14:15
  are terrified that the other Airbnb guys are going to sell a bunch of their
• 14:20
  inventory and push prices down, so they're going to start selling. And then
• 14:22
  the Wall Street guys who bought up entire neighborhoods at bubble prices, and they're
• 14:28
  going to behave like Wall Street always behaves when they figure out they're in the
• 14:31
  wrong asset class. You know, they're going to just sell everything at whatever
• 14:37
  and just take the losses. So we'll see a lot of private equity companies
• 14:41
  go bankrupt and dump their inventory. And so those neighborhoods that got bought out
• 14:48
  for twenty percent over the market are now going to be sold at forty percent
• 14:52
  under the market. So you know howling is going to crash. There's just
• 14:58
  no way around it. All that is and we've already seen we've already seen
• 15:03
  commercial crash. That's a basket in case, no end in sight. Eight.
• 15:07
  So bitcoin is up over thirty seven thousand bucks, I got to admit,
• 15:11
  I've been buying it. I'd been making some money on it because I
• 15:15
  would just buy some every Monday, and then it would hit a price target,
• 15:18
  I'd sell it and then I'd begin the process over again, and once
• 15:22
  a week I would buy x amount of bitcoin. And yeah, it's been
• 15:28
  it's been a nice little run up there. Well, those ETFs are finally
• 15:31
  coming that people have been talking about for such a long time, you know.
• 15:33
  And when a physical ETF comes into a market, it's usually really beneficial
• 15:39
  for stock prices like or for the commodities price. Yeah, that happened.
• 15:43
  There was the GLD gold ETF came out back in the day when gold was
• 15:48
  much lower, but then it bought a bunch of inventory, got everybody excited
• 15:52
  and gold had a nice round, and same thing with uranium and so the
• 15:58
  as I understand that the new bitcoin and if they're in et aps are going
• 16:03
  to come in and they'll do the same thing. They will buy a bunch
• 16:07
  those coins and take them, yeah it spot and take them off the market.
• 16:11
  So people are excited about that prospect. Well, and the other thing
• 16:14
  that's nice about these ETPs is it lets enormies buy the thing like, I
• 16:18
  don't know how to buy the bitcoin myself. I wouldn't know what to do
• 16:23
  if you told me go out and buy some bitcoin right now. But when
• 16:26
  that Etsy hits the market, I'll know exactly what to do. I'll just
• 16:30
  go buy. I'll pull up that ticker and hits sen or he'll hit buy,
• 16:34
  and that'll be that, you know. So I think a lot more
• 16:37
  buying will come into the bitcoin market for sure, and it will probably pull
• 16:45
  up the other crypto currencies. So I think that this is you know,
• 16:48
  other things being equal good for cryptos. And there might it might not be
• 16:53
  equal, like there might be a you know, huge deflation herey crash right
• 16:57
  now that ups bitcoin and ethereum and gold and silver all down with it.
• 17:03
  But just other things being equal, that's probably why cryptos are going up right
• 17:10
  now. And I think he could be right hey, and miracle of the
• 17:12
  old miracles, Argentina just elected libertarian. I didn't know that you could spell
• 17:18
  libertarian in Espaniel, but evidently you can. Yeah, something was to do
• 17:22
  with libertad right, you know, you're just a little thing like freedom.
• 17:26
  I didn't think but he cared about that anymore. Well, you know,
• 17:30
  this guy sounds like a cross between Ron Paul and Darnald Trump because he's you
• 17:37
  know, he's really emphatic, and you know, he okay, being like
• 17:41
  Ron Paul, he wants to close down the Central Bank, but he also
• 17:45
  wants to make abortion illegal from the top down, you know, national law,
• 17:52
  and he wants to close down a long list of government bureaucracies, and
• 17:59
  he wants to cut wealth are spending. So you know, you toss all
• 18:02
  that together and that you know, some of those policies are conservative, some
• 18:07
  of them are populists, and some of them are libertarian. So you know
• 18:11
  it's gonna be fun to watch. But hey, he could always move to
• 18:17
  Chile after this fails, right, Well, you know, Chile was the
• 18:21
  closest thing to a libertarian country that we had out there for a really long
• 18:25
  time. And yeah, yeah, yeah, well yeah, in Hong Kong
• 18:30
  got taken over a China, so it's no longer that and forget that.
• 18:33
  You know, Chile had a very free market economy because of the legacy of
• 18:40
  Pinochet, right, and so you know, it wasn't all a good thing
• 18:45
  the way it happened, but Pinochet left Chile with a relatively constrained public sector,
• 18:52
  relatively loaded taxes, relatively clean regulations, and so Chile was a very
• 18:57
  successful country for a long time. Now they're kind of backsliding into socialism,
• 19:03
  but but who knows, we'll see. It's nice to see Latin America leading
• 19:07
  the way in that direction from once, you know, because usually that's they're
• 19:11
  they're pulling in the other directions a lot of the time. Maybe they swing
• 19:15
  between dictatorship and socialist dictatorship, you know, military and dictatorship and socialistic,
• 19:22
  and it's never they never find that happy medium, and Chile was kind of
• 19:26
  that for a while. So maybe Argentina will end up being that too.
• 19:30
  That would be nice, and I would any man, it's going to be
• 19:33
  down. It would be like a block of uh well maybe maybe you know,
• 19:41
  Argentina going back to libertarian things would be enough of a push to get
• 19:45
  Chile to go back as well. And then you would have the entire southern
• 19:51
  tip of South America. Plus you could kind of throw Uruguay in there to
• 19:56
  some extent, not truly libertarian, but not like the rest of the world
• 20:00
  either. So then you'd have three major South American countries and then if it
• 20:06
  worked, it could become the basis of a movement, right it could.
• 20:11
  I mean, that's hoping for a lot in this world because so much of
• 20:15
  the bad stuff that's happening out there is being blamed on capitalism, which means
• 20:19
  a lot of people vote socialists because they perceive their problems to be caused by
• 20:25
  capitalism. But I wouldn't call what's happening in the world today capitalism. It's
• 20:30
  capitalism. Yeah, yeah, you know, it's an oligarchy in the US,
• 20:37
  which is you know, it's as close to fascism as it is to
• 20:42
  pre American capitalism because it's basically a partnership now between big corporations and loaded governments
• 20:51
  and these guys. You know, that partnership is you know, censorious.
• 20:56
  They do not want free speech, they don't want petition, and they don't
• 21:03
  want clean elections. So you know, that's that's not our view of capitalism.
• 21:08
  And so you know, I think that the best thing we could do
• 21:12
  in the US right now would be aggressive anti trust, where we go in
• 21:18
  and saying, you know, okay, Golden miss acts from now on,
• 21:19
  your five smaller bags, Japie Morgan Chase twelve smaller bags, and you know,
• 21:26
  Pfizer, Yeah, you know, right down the line, you just
• 21:29
  go into these uh, these industries that are run by just a handful of
• 21:32
  the companies and break them up. That's normally perceived to be a left wing
• 21:37
  policy, but I think, you know, because it is. Well,
• 21:41
  see, you could get pop right wing, populists and socialists to agree on
• 21:48
  that policy and maybe you get fifty one percent of the vote out of that
• 21:52
  coalition. So it's conceivable that that that, you know, it's it's that
• 21:57
  the populists and socialists get to get for that one issue and then then anti
• 22:02
  war too. You know, once they're together, they can look at the
• 22:03
  other things they agree on and say, all right, men, and we're
• 22:07
  going to close down the military empire. So again, that's that's asking for
• 22:11
  a lot of today's world fantasy. It's a nice fantasy. It could happen,
• 22:15
  you know, that's like who's been changed? Man. I don't know
• 22:18
  that one, but yeah, or if we can, if they can pull
• 22:22
  it off, I support it wholeheartedly. Hey, so China and Saudi Arabia
• 22:29
  central banks sign a currency swap agreement. I'll give you my take on it.
• 22:33
  It doesn't mean anything because you got like China with a crashing currency.
• 22:38
  Everything's crashing in China. It's just a matter of time until three gorgeous damn
• 22:42
  takes everything out. Well, yeah, China is not the super powerful more
• 22:48
  to live that it seemed like it was for a long time, because they've
• 22:52
  got a major financial crisis going right now, and they've got a demographic collapse.
• 22:57
  It looks like they're on Their population is shrinking and aging at the same
• 23:03
  time. So they're not going to be a manufacturing powerhouse in the same sense
• 23:07
  that they were for the past twenty years, you know. So, yeah,
• 23:11
  you're right. Just because China makes a deal with somebody else, it
• 23:15
  doesn't mean what it might have meant at one time. But what a currency
• 23:19
  squad swap means between countries is that what's the Saudia currency? Is it real?
• 23:26
  No? No, yeah, I don't know what the sound enough currency
• 23:32
  is. Okay, But anyhow, you China and Saudi Arabia give each other
• 23:37
  or they buy each other's currencies, right, so then they've got some of
• 23:40
  the other countries' currency on hand and they can use that to buy stuff from
• 23:44
  that country without having to swap into dollars in order to do it. So
• 23:48
  it's a it's a form of dedollarization, and it's a real thing in the
• 23:53
  sense that henceforth Saudi Arabia will be selling oil to China for you want,
• 24:00
  and that will do with those you want, but they'll have them. Yeah,
• 24:06
  well, yeah, yeah, I see. That's the thing. You
• 24:07
  got to have something you can do with that currency once you get it.
• 24:10
  And that's that's the problem with for instance, Russia and India hutting these bilateral
• 24:15
  trade deals because Russia will sell oil or natural gas to India and go get
• 24:19
  rupees back, but they can't buy anything with the rupees that they want,
• 24:25
  you know, so that that deal is not working for them. And so
• 24:29
  that's part of the rationale for that gold backed bricks currency everybody was talking about
• 24:33
  for a little while. But yeah, we've talked about it for a week
• 24:37
  and now we're onto this. Yeah yeah, but you know, it's the
• 24:41
  same process that's being worked out. It's going to happen. I don't mean
• 24:45
  to say dollar, it's supreme supremacy forever. We pretty much abuse that position
• 24:51
  of trust. So the world will have to find an alternative. And we
• 24:55
  want the world to find an alternative because it's doing more harm than good to
• 24:59
  the United States in so many ways, the unlimited deficit spending, the unlimited
• 25:04
  military industrial expansion, complex expansion, all that as a result of the abuse
• 25:11
  of our trust of the world's reserve currency. But hey, you know,
• 25:15
  this is just another step along the along the path going to be interesting to
• 25:21
  see what happens in any event. That is it for today. Make sure
• 25:23
  you go over to John's substack. It's rabino dot substack dot com link in
• 25:30
  the show notes, along with a link to your superb article John about inflation
• 25:37
  disappearing that appeared on Zero Edge today that tens of thousands of you out there
• 25:41
  have been reading. Hey, you've got any questions or comments, email kl
• 25:45
  at Carrie LUTs dot com site Financial Survival Network dot com. Sign up for
• 25:51
  your free newsletter, John. We'll catch up to you in a couple of
• 25:52
  weeks. Thanks carry so Ya, thanks for listening to Carrie Letz's Financial Survival
• 25:59
  Network, your solution to today's trying times. For the latest, go to
• 26:03
  Financial Survivalnetwork dot com. Financial Survival Network now more than ever