Latest / Financial Survival Network / "Inflation, Growth, and Political Reform - David Stryzewski #6211

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"Inflation, Growth, and Political Reform - David Stryzewski #6211 · Financial Survival Network

0:00
Speaker 1: We got issues right now as a nation as a
0:02
Speaker 1: result of our overspending. We have issues right now, and
0:05
Speaker 1: of course that leads to inflation also, higher prices booming economies.
0:09
Speaker 1: That's inflationary as well. When we reshore Friendshore begin to
0:13
Speaker 1: manufacture here, unless we can do it in a real
0:16
Speaker 1: lean way, it's likely to be inflationary and more costly
0:19
Speaker 1: because we're not doing it at prices where we pay
0:22
Speaker 1: people a lot cheaper to live.
0:25
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0:52
Speaker 3: And welcome. You are listening to and watching the Financial
0:56
Speaker 3: Survival Network. I'm your host, Carrie Letz. Hey, we're right
0:59
Speaker 3: here in December. The year is almost shot, the election
1:02
Speaker 3: is coming. God. Remarkably, sentiment has changed among virtually everyone
1:09
Speaker 3: I speak with, and I speak with a lot of people.
1:13
Speaker 3: Gerald Celente Trends Journal, Optimistic, Martin Armstrong, you know Armstrong Economics,
1:21
Speaker 3: Optimistic at least through twenty six. He's for forecasting other
1:25
Speaker 3: things to happen, But who knows for right now? The optimism,
1:31
Speaker 3: I mean, I know because I talk to family members
1:34
Speaker 3: and friends who are way, way on the other side
1:37
Speaker 3: of the equation here, and none of them are upset.
1:43
Speaker 3: It's a they're either in a state of resignation or
1:48
Speaker 3: what only some people on the media. But anyway, let's
1:51
Speaker 3: talk with David Drzuski. Find out from David, what are
1:56
Speaker 3: you seeing here? What is your feeling? Has sentiment changed?
2:00
Speaker 3: How can sentiment change that quickly just over an election?
2:05
Speaker 1: M Well, Carrie, you know, we had two very completely
2:09
Speaker 1: candidates and obviously the current administration that was in power
2:13
Speaker 1: was running on a platform of you know, saying, hey,
2:16
Speaker 1: when we're in power, we'll do this, and it's actually
2:18
Speaker 1: they were still in power, so so so the sentiment
2:21
Speaker 1: was getting very, very negative. I mean I I had
2:23
Speaker 1: a very negative sentiment personally going into you know, even
2:28
Speaker 1: September October, when when others were just thinking everything's just
2:33
Speaker 1: rallying and awesome, because we've been seeing a lot of
2:36
Speaker 1: deterioration in the numbers. But but post this election, there's
2:41
Speaker 1: no question that we've seen, you know, the Trump bump,
2:43
Speaker 1: the Trump effect. You know, the following day, Putin's talking
2:47
Speaker 1: about peace. We've got Iran basically saying they're not going
2:50
Speaker 1: to be doing you know, all the the terrorism stuff.
2:54
Speaker 1: This guy shows up and a lot of things begin
2:56
Speaker 1: to start changing, and especially when you've got you know
2:59
Speaker 1: this so you know, government efficiencies idea of where there's
3:02
Speaker 1: going to be real cuts. But but where we're at
3:05
Speaker 1: right now is a very interesting place, and that is,
3:08
Speaker 1: you know, the FED has been since March of twenty
3:11
Speaker 1: two raising interest rates, telling us everything's you know, good
3:15
Speaker 1: to go. And you know, obviously they've they missed the
3:18
Speaker 1: whole inflation thing the entire time in my personal opinion,
3:21
Speaker 1: and I think history is going to tell the story correctly.
3:24
Speaker 1: But now the FED has a completely different administration that's
3:29
Speaker 1: coming in arguably the most pro growth president in the
3:33
Speaker 1: history of the United States, with you know cuts that
3:36
Speaker 1: are that are coming, tax cuts and Jobs Act two
3:39
Speaker 1: point zero, which in this case now has you know,
3:42
Speaker 1: new deregulation components to it, has new components like you know,
3:47
Speaker 1: no taxes on tips and a couple of other things
3:50
Speaker 1: that might really boost some some middle street main street,
3:54
Speaker 1: families and people that are out there. Doesn't matter what
3:58
Speaker 1: side of the aisle that you voted on, or whether
4:00
Speaker 1: you went to college or not. It's something that can
4:02
Speaker 1: happen to and help people at many levels. And so
4:06
Speaker 1: you're seeing a lot of positives. And so obviously markets
4:09
Speaker 1: at all time highs right now, We've got you know,
4:11
Speaker 1: stock markets at all time hides, golds are near all
4:13
Speaker 1: time highs, bitcoins at all time highs, real estates at
4:16
Speaker 1: all time highs. Everything is at all time highs. And
4:19
Speaker 1: my warning is this inflation is present. It is here
4:24
Speaker 1: twenty twenty five, were for sure going to see it.
4:26
Speaker 1: And so I think that President Trump and his administration
4:28
Speaker 1: is going to have a lot of surprises. Hopefully no
4:31
Speaker 1: like unexpected surprises, but you know, likely that's how it
4:34
Speaker 1: all works. But ultimately, you know, we're going to see
4:39
Speaker 1: some some hawkish things right now. But that gives us
4:43
Speaker 1: the ability to cut rates in the future in a
4:46
Speaker 1: way that's meaningful and actually could get us on tracks.
4:48
Speaker 1: So I'm optimistic about the future, but man, am I
4:52
Speaker 1: cautious is at the exact same time, especially as we're
4:55
Speaker 1: sitting here at record highs.
4:56
Speaker 3: Kerry Hey, well, inflation. You know, it's a generational thing.
5:00
Speaker 3: It doesn't just come and go. You know what else
5:04
Speaker 3: we're seeing thee David that I have not seen since Reagan.
5:09
Speaker 3: The desire of those in power to actually cut back
5:14
Speaker 3: on the power of the bureaucracy, to streamline, make government
5:19
Speaker 3: operations more efficient, to cut out useless spending, corporate welfare
5:25
Speaker 3: and waste and corruption. I've never seen in my short
5:31
Speaker 3: time on this planet here any one has hell bent
5:36
Speaker 3: and determined to do it. And you know, we have
5:42
Speaker 3: something like four hundred or five hundred government federal government agencies,
5:47
Speaker 3: and now they're talking about knocking it down to one hundred.
5:51
Speaker 3: It's going to be profound effects here, not all positive
5:55
Speaker 3: in the short run. The other thing I think was
5:58
Speaker 3: interesting was that the first fig leader that President Elect
6:02
Speaker 3: Trump met with was Javi R. Malay, who's the president
6:07
Speaker 3: of Argentina, who has literally eviscerated their government and cut, cut, cut,
6:15
Speaker 3: that's his thing, and he hasn't hesitated, and he hasn't
6:20
Speaker 3: looked back. Their inflation is down from twenty or thirty
6:23
Speaker 3: percent a month to two percent, but it's going even lower.
6:27
Speaker 1: Yeah. Absolutely, And you know, thankfully we've got a couple
6:31
Speaker 1: of examples out here like this that are recent. I mean,
6:33
Speaker 1: we can always look back at history and know that,
6:36
Speaker 1: you know, certain things go forward and they work out.
6:40
Speaker 1: But now we've got some radical people that have taken
6:43
Speaker 1: very radical stances, kind of similar to Melake who came
6:46
Speaker 1: in and with a very different way of doing government,
6:50
Speaker 1: with a mandate from the people to get in there
6:51
Speaker 1: and to make some adjustments. And I think that's interesting
6:54
Speaker 1: because we find ourselves maybe at a point where I
6:57
Speaker 1: might call it like a national revival, and it's a
7:00
Speaker 1: reviving of national independence. You know, I got a flag
7:03
Speaker 1: sitting here behind me. I remember at the beginning of
7:05
Speaker 1: twenty twenty where wearing a flag or having a flag
7:08
Speaker 1: around you was like such an anti American thing, and
7:12
Speaker 1: with such a terrible idea. I doubled down and said, no,
7:15
Speaker 1: that's the opposite. We're very confused right now, and I
7:18
Speaker 1: think that we're going to look back on history and
7:21
Speaker 1: over the last four or five years, and we're going
7:22
Speaker 1: to say, you know what, we might need to reevaluate
7:25
Speaker 1: some things, you know, in the way that we look
7:26
Speaker 1: at society ourselves, but also even the investments and things
7:29
Speaker 1: that are out there. Because when we have new administrations
7:33
Speaker 1: and new changes. Guess what, there is going to be
7:35
Speaker 1: opportunities in these times of transitional shift like this, and
7:39
Speaker 1: so it's an important thing to have someone like Mela
7:42
Speaker 1: who understands communism, who has the direct example of what
7:45
Speaker 1: they're rooting out. And if you'll recall, Argentina was the
7:48
Speaker 1: superpower just two superpowers ago, and now their nation is
7:52
Speaker 1: just in absolute disarray. Inflation is terrible, They have no stability.
7:56
Speaker 1: And so if you look at the people going from
7:58
Speaker 1: amazing lives and the sophisticated society on Earth at the
8:02
Speaker 1: time to where they are right now, I think that
8:05
Speaker 1: there's a whole lot of lessons and things that they
8:06
Speaker 1: would have said, man done. Had another opportunity, we would
8:09
Speaker 1: have done things different. I just hope that the United
8:11
Speaker 1: States right now is paying attention and again this moment
8:14
Speaker 1: of national revival. What do we believe in? Why? What
8:17
Speaker 1: are we standing for? Why what are we voting for? Why?
8:21
Speaker 1: And I think that we demand more of the people
8:23
Speaker 1: that were sending to Washington that they represent us and
8:26
Speaker 1: not just their own interests.
8:27
Speaker 3: All right, So getting down to brass tacks here, sir,
8:31
Speaker 3: what's Powell going to do here? Is he going to
8:33
Speaker 3: keep cutting because Trump wants those rates cut. But on
8:37
Speaker 3: the other hand, Trump's making the unrealistic promise that he's
8:41
Speaker 3: going to bring down inflation in the face of rate cuts.
8:45
Speaker 3: And one thing I'd just like to point out, energy
8:47
Speaker 3: is important for sure during the Trump administration. I think
8:51
Speaker 3: when he came into office, we were doing eight and
8:54
Speaker 3: a half million barrels a day, close to nine million production.
8:58
Speaker 3: When he left, we were doing twelve and a half million,
9:03
Speaker 3: which was like forty some odd percent increase, and that
9:07
Speaker 3: natural gas followed a similar curve throughout the past four years. Yeah,
9:12
Speaker 3: we're producing record amounts of energy, but the oil gas
9:17
Speaker 3: production's gone up about three three and a half percent.
9:21
Speaker 3: You think that expanding energy production really is going to
9:25
Speaker 3: bring down inflation here without the major cuts to the government,
9:30
Speaker 3: the spending and their participation in the economy.
9:35
Speaker 1: Well, you nailed it in the question because you said
9:37
Speaker 1: that the both sides of the scale. You know, there's
9:39
Speaker 1: your input and your output, or you know, the amount
9:42
Speaker 1: of money that you spend versus what's coming in. We
9:44
Speaker 1: got issues right now as a nation as a result
9:47
Speaker 1: of our overspending. We have issues right now, and of
9:50
Speaker 1: course that leads to inflation. Also, higher prices booming economies,
9:54
Speaker 1: that's inflationary as well. When we reshore friendshore begin to
9:58
Speaker 1: manufacture here, unless we can do it in a real
10:00
Speaker 1: lean way, it's likely to be inflationary and more costly
10:04
Speaker 1: because we're not doing it at you know prices where
10:06
Speaker 1: we pay people a lot cheaper to live. And so
10:10
Speaker 1: can can Trump do it? Well? This is supply side economics,
10:13
Speaker 1: and so what he's doing is he's he's focused on
10:15
Speaker 1: the supply side. He's focused on the areas that are
10:18
Speaker 1: going to give our economy the greatest opportunity to grow.
10:21
Speaker 1: And so when we talk about oil, that isn't that
10:23
Speaker 1: is something that the United States has more than anybody else.
10:27
Speaker 1: You know, there's no question that if you even look
10:29
Speaker 1: at and by the way, I own two teslas and
10:31
Speaker 1: gas vehicles as well. I love the technology, but it
10:35
Speaker 1: cannot solve all the world's problems at least today, and
10:38
Speaker 1: lithium batteries are not really the right answer is that
10:40
Speaker 1: the weather starts to get cold. So there's a lot
10:42
Speaker 1: of things that that are that are good innovations taking place,
10:46
Speaker 1: but as a society we've not really figured out, you know,
10:50
Speaker 1: really where the world's going to end up being. We
10:52
Speaker 1: just know that we're going to be manufacturing more effectively.
10:55
Speaker 1: The United States does manufacturing, specifically in oil, cleaner and
11:00
Speaker 1: than anyone in the world. I like those two ideas.
11:02
Speaker 1: Do we do it cheaper than anyone in the world,
11:04
Speaker 1: cleaner and safer? Uh and and and so if we
11:06
Speaker 1: got a lot of it, it's plentiful. We can continue
11:08
Speaker 1: to flow to our allies and to the right places potentially, uh,
11:12
Speaker 1: reduce the prices of oil, which which ultimately is what
11:16
Speaker 1: cripples Russia if they are going to uh, you know,
11:19
Speaker 1: be be able to be a war machine or whatever.
11:21
Speaker 1: They have a one dimensional economy. It's all based on energy.
11:24
Speaker 1: If you want Russia and not be able to have money, uh,
11:26
Speaker 1: which is something that we did to them before with
11:28
Speaker 1: with with kind of a Reagan approach. Uh, then then
11:32
Speaker 1: than what you do is you change the dynamics of
11:34
Speaker 1: how it works, uh, and you just do it a
11:36
Speaker 1: little bit better and uh. And so you know, can
11:38
Speaker 1: can can can uh Trump get Powell to to come
11:43
Speaker 1: off as number and drop rates as meaningful? I don't
11:45
Speaker 1: think so. And I don't think that it would be
11:47
Speaker 1: wise of Powell to be dropping rates right now. I
11:49
Speaker 1: think that they drop rates too early. Uh to answer
11:53
Speaker 1: this part of the question, and I think that that
11:55
Speaker 1: Powell actually made the Arthur Burns mistake. And uh. And
11:58
Speaker 1: so here's the big question that comes in twenty five.
12:00
Speaker 1: Are we going to be sticking with two percent inflation?
12:03
Speaker 1: Or is three percent or four percent? Okay? Where do
12:05
Speaker 1: we even come up with two It's based on models
12:08
Speaker 1: from long term timeframes, but not based upon realistic understandings
12:11
Speaker 1: of a higher inflationary world. Times of transition, friends, shoring, reshoring,
12:15
Speaker 1: all the various components that are going into this, and
12:18
Speaker 1: so I think they're going to become more comfortable with
12:20
Speaker 1: higher inflation. But we're going to do more supply side.
12:22
Speaker 1: It's going to put more money into the American consumer's pocket.
12:26
Speaker 1: But we've got a lot of challenges that are likely
12:28
Speaker 1: going to be getting dropped on this administration and are
12:31
Speaker 1: going to have to get figured out. So what are
12:33
Speaker 1: these strategies and answers here in the future. Not really sure,
12:37
Speaker 1: and it's a little early to tell the way that
12:39
Speaker 1: it goes. But I think that there's a probability that
12:42
Speaker 1: we might have to even raise rates if things go
12:46
Speaker 1: too strong but that's a part of the reason why
12:49
Speaker 1: I think Powell came in today and saying that their
12:52
Speaker 1: forward looking view for twenty twenty five, which is what
12:55
Speaker 1: the market was more concerned about, was that they were
12:58
Speaker 1: only going to be cutting two times as opposed to four.
13:01
Speaker 1: So we just got four times now since September, you know,
13:03
Speaker 1: a full point down since September eighteenth, you know, here
13:07
Speaker 1: this year, and we might only get fifty basis points
13:09
Speaker 1: next year. So that's a big difference for the market.
13:11
Speaker 1: We could see stock sell off, we could see you know,
13:15
Speaker 1: the treasuries start to go higher, we could start to
13:18
Speaker 1: see you know, maybe the Christmas rally doesn't go as
13:21
Speaker 1: well as it could. But the point is is that
13:23
Speaker 1: supply side economics will win in the end, and we
13:26
Speaker 1: need we need to be doing the things that are
13:28
Speaker 1: going to do the long term build, the long term growth,
13:31
Speaker 1: the things that my five children are going to be
13:33
Speaker 1: able to appreciate, not just something that's going to manipulate
13:36
Speaker 1: a quarter or two.
13:37
Speaker 3: Sure, yeah, well, yeah, the Santa Claus rally, it should
13:41
Speaker 3: be here very shortly, right.
13:43
Speaker 1: Yes, sir, Hey, well we're seeing it right now. Depending
13:45
Speaker 1: on how you've been allocated.
13:48
Speaker 3: A couple of days though the market's been down, but
13:51
Speaker 3: you know, yeah, like it's going to be interesting to
13:55
Speaker 3: see and the AI. So is AI going to be
13:58
Speaker 3: a flash in the pan. It's going to be more
14:01
Speaker 3: like the dot bomb bust. But the dot bomb bust
14:04
Speaker 3: led to all these massive companies like Microsoft and the
14:10
Speaker 3: Google and the so many.
14:13
Speaker 1: Right, Well, the cycle of growth inside of technologies and
14:18
Speaker 1: companies is you do you just kind of start out
14:20
Speaker 1: with whatever? I mean, just even think about social media.
14:23
Speaker 1: There is this company called MySpace that everyone had and
14:26
Speaker 1: now nobody has, right, it's gone, and then Facebook's now
14:29
Speaker 1: become met and it's transformed. Well as far as AI goes,
14:32
Speaker 1: my personal belief of AI is no, the toothpaste is
14:34
Speaker 1: out of the tube. You can't stop it. It's doubling
14:36
Speaker 1: its knowledge all the time. This is the future. The
14:41
Speaker 1: question is how is it going to impact us? And
14:43
Speaker 1: how soon can that happen? And then we come up
14:46
Speaker 1: with questions like, wait a minute, how are we going
14:48
Speaker 1: to supply the energy that's needed to do all this
14:51
Speaker 1: data storage, all this AI one intelligence? And so if
14:56
Speaker 1: you're not able to have a meaningful change in somebody's
15:00
Speaker 1: life as a result of this, AI. No one's going
15:02
Speaker 1: to adopt it. I personally think that Navidia could have
15:06
Speaker 1: challenges here in the future because they've been the name
15:09
Speaker 1: and the concern is they became the dartling of the
15:12
Speaker 1: stock market, rose to be, you know, one of the
15:14
Speaker 1: largest companies in the entire world so quickly, and we
15:18
Speaker 1: haven't really determined that they're the best chip. We know
15:21
Speaker 1: that they have better capacity, they're really quick, et cetera.
15:24
Speaker 1: But maybe they're too much of an energy hog. Maybe
15:27
Speaker 1: they're too over built for most of the applications or
15:29
Speaker 1: some of the applications, and we begin to yield it back.
15:32
Speaker 1: And so I'm excited about AI. I'm excited about the future.
15:36
Speaker 1: But I'll just tell you this. You know, my kids
15:38
Speaker 1: aren't watching this today hopefully, but they all got eight
15:40
Speaker 1: iPhone sixteen's coming here for Christmas, and and so I'm
15:45
Speaker 1: kind of excited about the you know, the the Apple
15:48
Speaker 1: intelligence that's going on side of that phone.
15:52
Speaker 3: Here. Let's do a little experiment.
15:55
Speaker 1: All right, what do you got Siri?
15:57
Speaker 3: Check chat shept and look up it's Strazeuski for me.
16:01
Speaker 3: Here it is, and here it is, it says, oh jess,
16:05
Speaker 3: it just went away on me anyway, it said you're
16:09
Speaker 3: a It said it gave me your bio, but I
16:12
Speaker 3: wanted it to actually say it, but I didn't give
16:14
Speaker 3: it the right command. He yeah, it looked up chat GPT.
16:19
Speaker 3: So Siri was was really an elementary school dropout. Now
16:26
Speaker 3: now that she's hooked up with chat GPT, we got
16:29
Speaker 3: our first AI wedding and she's like a lot wright.
16:34
Speaker 3: Now she's actually useful because from that. But I will
16:38
Speaker 3: tell you this as a fellow Tesla owner FSD thirteen
16:44
Speaker 3: point two point one, which I just got two days ago, David,
16:48
Speaker 3: I had the FSD two and a half years ago
16:50
Speaker 3: when they first started it pushing it out to the
16:53
Speaker 3: broader public, and I wouldn't trust it. I used to say,
16:56
Speaker 3: if you trust a FSD in local truck driving on
17:00
Speaker 3: the highway, it was always phenomenal local driving. You're gonna
17:03
Speaker 3: die now, I will tell you. On the highway at
17:06
Speaker 3: eighty five miles an hour, it's a better driver than
17:09
Speaker 3: I am, and locally it's not quite as good as
17:13
Speaker 3: me yet. But David, the last update I got like
17:17
Speaker 3: a month ago, this thing is way way better, way better.
17:21
Speaker 3: If I wasn't a less if I was a less
17:24
Speaker 3: aggressive driver. I probably would never intervene for most of
17:28
Speaker 3: the drives that I take, and that's only in a month.
17:33
Speaker 3: Right when we first started the FSD, I'm saying, okay,
17:38
Speaker 3: five to ten years, there's no way they can do
17:41
Speaker 3: this any better. But then they got the AI and
17:44
Speaker 3: all of a sudden, I think in six months they
17:47
Speaker 3: could be there.
17:48
Speaker 1: Yeah, I mean, I mean there was a guy on wheels, right,
17:53
Speaker 1: and he nailed it. Because you know that machine learning.
17:56
Speaker 1: It's driven those roads so many times. These cars are going,
17:59
Speaker 1: they're constantly picking up stuff, they're learning new ways of
18:02
Speaker 1: analyzing it, the road patterns and how you deal with
18:05
Speaker 1: this and this weather condition. So it's amazing the full
18:08
Speaker 1: service driving. I mean my kids actually really, you know,
18:11
Speaker 1: it's it's you know, it's like a magic trick, right,
18:12
Speaker 1: because you just tell it where to go and it
18:14
Speaker 1: starts making the turn for you. It turns on the
18:15
Speaker 1: blinker and uh. But but you're correct that that it is.
18:20
Speaker 1: It is way above average, and I have personal confidence
18:23
Speaker 1: in it as well. Where you know, a lot of
18:26
Speaker 1: people I feel like as they as they think about
18:28
Speaker 1: AI in general, it's sort of like the Internet of
18:31
Speaker 1: the early nineties. They go man, I'll never buy anything
18:34
Speaker 1: on that right. And the next thing, you know, we
18:37
Speaker 1: got our phones here and we're asking about David Sterzski
18:39
Speaker 1: and biosome ordering Christmas off Amazon or whatever, and it's
18:43
Speaker 1: it's increasing. So I think adoption's coming. It's just it's
18:47
Speaker 1: not here yet because we've not seen the technology catch
18:50
Speaker 1: up and you know. But but I think it's it's rapidly, rapidly,
18:54
Speaker 1: rapidly changing.
18:55
Speaker 3: Just the other day, the road outside of my subdivision,
19:00
Speaker 3: it had one lane blocked and they had the guy
19:02
Speaker 3: with the sign and the car sees him. The sign
19:08
Speaker 3: was he had it turned to stop. The car stops,
19:12
Speaker 3: he turns it to slow, the car starts going, changes lanes,
19:18
Speaker 3: sees the other guy with slow and goes around it
19:22
Speaker 3: and continues. The drive is amazing. That is the most
19:26
Speaker 3: amazing thing. And it saw him. I saw it on
19:28
Speaker 3: the screen. It totally understood what was going on there.
19:33
Speaker 3: But yeah, so I think AI is the key. Although
19:36
Speaker 3: I think it will replace a lot of jobs out there,
19:39
Speaker 3: who knows over what time period. They always said, well,
19:43
Speaker 3: it's going to create more jobs. I think this is
19:45
Speaker 3: the one where it doesn't. But if the cost of
19:49
Speaker 3: living and manufacturing, all these things goes down to a
19:52
Speaker 3: fraction of where it is now. In the productivity boom
19:58
Speaker 3: you know, goes thousandfold, it's not going to matter, right.
20:02
Speaker 1: Well, one of the one of the other interesting things
20:04
Speaker 1: that's happening today is, you know, the conversation about how
20:07
Speaker 1: much money we make. You know, these unions are going
20:10
Speaker 1: on strike and demanding ten percent a year increases for
20:12
Speaker 1: the next five years or whatever, and you're just like, wow,
20:16
Speaker 1: inflation's done. It doesn't sound like it. You know, when
20:20
Speaker 1: you begin to to think about the costs that you
20:23
Speaker 1: would have as a manufacturer to buy machines, Okay, it's
20:27
Speaker 1: usually you know, big cost on the front end, but
20:30
Speaker 1: your machine doesn't get sick, doesn't you know, leave and
20:33
Speaker 1: go work for someone else, doesn't require health insurance, doesn't
20:36
Speaker 1: need pay raises. You know, when you get to fifteen
20:39
Speaker 1: to twenty dollars minimum wages, which in the state of
20:42
Speaker 1: Washington right now, for whatever reason, we think that that's
20:45
Speaker 1: a good idea. The point is is that I see
20:49
Speaker 1: a lot of manufacturers that are going to be changing
20:51
Speaker 1: over and yeah, there's a lot of those jobs that
20:53
Speaker 1: are going to be lost, but there's a lot of
20:54
Speaker 1: technical jobs that are going to get lost because you know,
20:57
Speaker 1: there's well and also I think the healthcare system, I
21:02
Speaker 1: mean think about that. AI is just a reference. It's
21:05
Speaker 1: a speed reader. Could AI not read every book that
21:09
Speaker 1: it takes to become a doctor, understand how to prescribe
21:13
Speaker 1: and apply this information to the individuals based upon particulars
21:16
Speaker 1: et cetera. And then it's able to do all this
21:18
Speaker 1: in a very low cost way. And it's better than
21:20
Speaker 1: a doctor is because a doctor is still a human,
21:23
Speaker 1: they still get tired, they still see thirty five people
21:25
Speaker 1: a day. Whatever. This technology has the ability to make
21:29
Speaker 1: life a lot better. There's also a double edged sword
21:32
Speaker 1: on it, and it could really make some things challenging
21:35
Speaker 1: with hacking and stealing and just confusing parts of it.
21:40
Speaker 1: So it's going to be a weird world, but an
21:44
Speaker 1: exciting one. So this is you know, a moment where
21:47
Speaker 1: I'm saying, you know, this is a buckle up, all
21:50
Speaker 1: eyes open. Hopefully we're excited, and hopefully people don't just
21:53
Speaker 1: get stuck in the way that things were. But I
21:58
Speaker 1: do recognize that some of these technologies are a little
22:00
Speaker 1: bit scary and you know.
22:03
Speaker 3: Littly well theatre, it's an amazing tide to be a
22:06
Speaker 3: luck David, just tell us where do we find you?
22:09
Speaker 3: How do we connect with you on the web.
22:11
Speaker 1: Yeah, so companies called Sound Planning Group. My SPG dot
22:14
Speaker 1: com is the is our primary website there. So I've
22:17
Speaker 1: got actually some classes are going to be coming out
22:20
Speaker 1: first part of the year. We're going to be doing
22:21
Speaker 1: them online where I've just only done this at local
22:24
Speaker 1: colleges uh here in the Washington State area, greater Seattle area,
22:28
Speaker 1: and so people can can look for ideas out there,
22:31
Speaker 1: uh and check out our Google reviews and all the
22:33
Speaker 1: wonderful things that people are saying about us. Since honestly,
22:37
Speaker 1: the thing that that that's pick me up for me
22:40
Speaker 1: these days. You know, if you're ever feeling down or
22:42
Speaker 1: there's all these things going on, you go and you
22:44
Speaker 1: look at the people that you love and you care about,
22:46
Speaker 1: and when they say nice things about you, I don't know,
22:49
Speaker 1: there's just something about that that gives you the courage
22:52
Speaker 1: and the ability to just continue to go forward. So
22:54
Speaker 1: I'm excited to be with you today, Clarie, and you
22:56
Speaker 1: too them.
22:57
Speaker 3: I appreciate you coming on any questions com that's kl
23:00
Speaker 3: at carrie lets dot com link to David's site is
23:04
Speaker 3: in the show notes this interview on Financial Survival Network
23:08
Speaker 3: dot com. While you're there, just to ask that you
23:11
Speaker 3: kindly subscribe to our free newsletter, as over sixty thousand
23:16
Speaker 3: other FSN members have. David always a pleasure. Talk to
23:20
Speaker 3: you soon. Don't talk to you before Merry Christmas, Happy
23:23
Speaker 3: New Year, and we'll talk to you in twenty twenty five.
23:26
Speaker 1: Sank to you, friend, blasting stock to you.
23:28
Speaker 2: So thanks for listening to Carrie Letz's Financial Survival Network,
23:32
Speaker 2: your solution to today's trying times. For the latest, go
23:36
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23:42
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