Latest / Financial Survival Network / System Collapse Already Underway - Darryl Schoon #6386

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System Collapse Already Underway - Darryl Schoon #6386 · Financial Survival Network

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  Speaker 1: You're listening to Carrie Letz's Financial Survival Network, where you
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  Speaker 1: Network now more than ever.
• 0:27
  Speaker 2: Yes, here we are, we are live, and oh we've
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  Speaker 2: got a bunch of people on the chat already. Anyway,
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  Speaker 2: all Financial Survival Network. I'm Carrie Lutz. Your host. Darryl
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  Speaker 2: Shoon is with us now, but he's having camera difficulties.
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  Speaker 2: But you will know the voice the second you hear it.
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  Speaker 2: I've been interviewing Darryl now Daryl for fifteen years, if
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  Speaker 2: you can believe it, And time flies when you're having fun, right.
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  Speaker 3: That's right, it's getting funner. So where do you think
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  Speaker 3: we're at now?
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  Speaker 2: You know, you've been predicting like a lot of what
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  Speaker 2: was coming down the path for a lot of years now,
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  Speaker 2: and you know, it seems like we're getting closer and
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  Speaker 2: closer to the inevitable.
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  Speaker 4: Carry It was I thought about this interview and that
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  Speaker 4: is happening right now, and I thought, well, I think
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  Speaker 4: It's timely because when I made my prediction in two
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  Speaker 4: thousand and seven, I wrote my book Time of the Vulture,
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  Speaker 4: and I predicted a catastrophic economy collapse. And it happened
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  Speaker 4: a year and a half later. But it happened. What
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  Speaker 4: it really meant was it started the crises. That cataclysmic
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  Speaker 4: crisis that I predicted started, and in twenty twenty six,
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  Speaker 4: right now it's entering what I call the endgame, the resolution.
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  Speaker 4: It would have happened a lot sooner.
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  Speaker 5: It, but they put in q EAT And I'm going
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  Speaker 5: to explain why, because I'm explain what everybody is going
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  Speaker 5: to start experiencing at a certain point, and some already have.
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  Speaker 4: Money is going to begin to disappear. And what I
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  Speaker 4: mean by that is money for a whole lot of
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  Speaker 4: people has already disappeared in one way. It disappears in
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  Speaker 4: our current monetary system via two mechanisms, inflation and deflation.
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  Speaker 4: Money disappears in inflation when it gets out of the reach,
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  Speaker 4: when people don't have enough money to buy needed.
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  Speaker 3: What they need or what they want all right.
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  Speaker 4: Which is food, energy, gas, housing, medical care, and for
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  Speaker 4: a whole lot of people carry that's already beginning to happen.
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  Speaker 4: Money exists, but they don't have enough of it to
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  Speaker 4: get what they need to survive or to be quote whole.
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  Speaker 4: The other way money disappears is deflation, and people do
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  Speaker 4: understand how money disappears by deflation, and I want to
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  Speaker 4: explain it. You've heard the saying that if all loans
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  Speaker 4: are repaid, money would disappear, and that's true. Why because
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  Speaker 4: in a credit and debt based central banking system, money
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  Speaker 4: is issued in the form of loans from the central bank,
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  Speaker 4: all right, it goes out as credit. If all those
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  Speaker 4: loans were repaid, then money would disappear. Now that is
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  Speaker 4: an absolutely rhetorical statement, because God damn it, money seems
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  Speaker 4: to be more than anywhere. Why not, because loans are
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  Speaker 4: being repaid, but they're being loans more. Loans are being
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  Speaker 4: made at a far higher level than they're being repaid,
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  Speaker 4: because that's what capitalism does. Bankers are in the business
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  Speaker 4: of inducing people to make loans, all right, and it's
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  Speaker 4: real easy since they're the source of money. Everybody wants
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  Speaker 4: everybody needs money. So if you want and need money,
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  Speaker 4: you got to get a loan to get it. And
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  Speaker 4: that's how it all starts. The banks get a loan
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  Speaker 4: from the central banks, they loan money to you. That
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  Speaker 4: money goes into circulation.
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  Speaker 3: It gives.
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  Speaker 4: When that one gets you paid, it's taken off the books.
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  Speaker 4: If it doesn't get me paid, it keeps bouncing around
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  Speaker 4: as debt, as IO used as bonds, all right. But
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  Speaker 4: the way it really disappears is in a deflationary collapse
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  Speaker 4: defink economic crisis by default, right the money. Absolutely, when
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  Speaker 4: money defaults, it disappears. This scary is what happened in
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  Speaker 4: nineteen twenty nine. They had went on a credit binge
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  Speaker 4: the Roaring twenties. They lit the fuse nineteen twenty nine,
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  Speaker 4: it collapsed and money quote disappeared. Why because there was
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  Speaker 4: a massive default of IO used in mass all right.
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  Speaker 4: Banks couldn't cover, No one could cover the economy basically stock.
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  Speaker 4: And the metric of that is your velocity of money.
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  Speaker 4: The velocity of money, which is the which uh which
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  Speaker 4: tracks the speed of which credit and debt moved through
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  Speaker 4: the economy plunged during the Great Depression. Now, what I
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  Speaker 4: want to say is this, in two thousand and eight
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  Speaker 4: it plunged, It recovered slightly, but right now, Carrie, and
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  Speaker 4: ever since then, we've been at the same level at
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  Speaker 4: during the Great Depression. Now we haven't. We technically we
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  Speaker 4: have not been in the depression, but we've been. The
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  Speaker 4: velocity of money is at the same level that it
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  Speaker 4: wasn't the Great Depression. So how do you explain this?
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  Speaker 4: You I explained it by q E.
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  Speaker 3: When it plunged.
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  Speaker 4: The FED knew this and put the put the water
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  Speaker 4: hose in the tank.
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  Speaker 3: In the toilet. Otherwise the toilet wouldn't function anymore.
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  Speaker 4: So they put it in and they kept it in there,
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  Speaker 4: and every time they tried to take it out, the
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  Speaker 4: toilet stopped working.
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  Speaker 3: All Right, we don't want that, we don't want that. Now.
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  Speaker 4: What happened is they know see and you know, you
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  Speaker 4: know how I've been about the FED. I consider that
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  Speaker 4: Fed the great Satan, all right. I mean they're the
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  Speaker 4: ones who are in charge of the credit and debt machine,
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  Speaker 4: all right. They were put there by the bankers to
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  Speaker 4: be there to be the operating system of credit and debt.
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  Speaker 4: And it's not easy to carry and especially as the
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  Speaker 4: older the system gets, the harder it is to maintain it,
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  Speaker 4: you know, I mean him and Minsky, he had his
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  Speaker 4: three levels of credit and debt societies. First levels expansion,
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  Speaker 4: and you're and the economic expansion is sufficient enough to
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  Speaker 4: pay off the interest and the principles on the debt
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  Speaker 4: as it ros alll. The second level is when it
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  Speaker 4: starts falling behind, all right, and all you're doing is
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  Speaker 4: being able to pay off the interest on the loans.
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  Speaker 4: The principle isasically staying the same, So the agate amount
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  Speaker 4: of debt is not decreasing even though everybody's paying there,
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  Speaker 4: they're you know, playing what they can. And the third
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  Speaker 4: level is the level that we bid in for decades. Well,
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  Speaker 4: we're barely well, we're borrowing money to pay the interest.
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  Speaker 3: All right. That's hymen.
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  Speaker 4: Minsky's three levels of I don't know, I don't know
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  Speaker 4: what he called them, but there were, in fact, in
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  Speaker 4: my book Time of the Vulture, my little section on
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  Speaker 4: that was is there a hymen in Green Spans Future?
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  Speaker 3: And that's what I meant, all right.
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  Speaker 4: So sure, what happened is in nineteen twenty nine when
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  Speaker 4: we had the crash. All right, Well let's go back
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  Speaker 4: to two thousand. In two thousand and one, the dot
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  Speaker 4: com crash. All we had to do that time, Carrie
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  Speaker 4: was jiggle the handle of the toilet jiggle the handle
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  Speaker 4: and it went back up all right.
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  Speaker 3: Jiggling the handle of lunger. We didn't need a plunger then, right,
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  Speaker 3: or wrote a label. Well, you know, you're right. We
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  Speaker 3: did get a plunger.
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  Speaker 4: But after the punger jim the handle work all right
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  Speaker 4: because we came back up. And jiggling the handle means
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  Speaker 4: adjusting the interest rate. They loaded down to zero to
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  Speaker 4: lead to liquify the economy, and it got credit rolling
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  Speaker 4: back again because it was so cheap. Everybody borrowed on
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  Speaker 4: the comm and it started rolling again. What it did, though,
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  Speaker 4: would create another bubble, because what happens when you hold that,
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  Speaker 4: when you hold that that that that toilet thing down
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  Speaker 4: toward too long, you create a systemic ship. Money starts
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  Speaker 4: flowing in and you create another bubble. They created a
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  Speaker 4: subcrime bubble only eight years later. And when that blew
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  Speaker 4: up eight years later, Carrie, they tried jiggling the handle.
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  Speaker 3: They lowered the interest rates in the fall of two
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  Speaker 3: thousand and eight.
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  Speaker 4: It didn't do anything, and in January they put they
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  Speaker 4: started QE, which my metaphor is they had to put
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  Speaker 4: a water hose in the tank toilet tank to keep
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  Speaker 4: enough water in its sword.
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  Speaker 3: Flesh, all right. And we've been in that way since
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  Speaker 3: two thousand and nine.
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  Speaker 4: And you could tell you need the water hose by
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  Speaker 4: the velocity of money. If the velocity of money had recovered,
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  Speaker 4: we could have taken out the water hose.
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  Speaker 3: But it hasn't.
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  Speaker 4: It's still more of a for velocity of money measures
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  Speaker 4: the speed at which credit and debt moves.
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  Speaker 3: Through the economy.
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  Speaker 4: Now, I want to tell you something about why people
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  Speaker 4: are feeling so well at living in on life support,
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  Speaker 4: because most of the people who are quote living well
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  Speaker 4: are are there because of a situation that I called
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  Speaker 4: in my writing's financial edema, all right, and this is
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  Speaker 4: when the blood coagulate gathers in one spot outside of
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  Speaker 4: the circulation. What happened is when they put the hose
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  Speaker 4: in the in the tank, most of that money didn't
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  Speaker 4: float in the economy.
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  Speaker 3: It flowed in the financial assets, all right.
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  Speaker 4: Houses went up, everything went up, stocks, bonds, all financial
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  Speaker 4: assets went up. Why the people who the banks would
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  Speaker 4: loan to they they're they're eating, they have two three houses,
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  Speaker 4: girlfriends on the side.
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  Speaker 3: Life is good. You know, what are you gonna do?
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  Speaker 3: Would keep with all that cheap credit? Well, buy more stocks.
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  Speaker 4: And invest The people who needed the money the general
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  Speaker 4: economy didn't get to them. Why why would you loan
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  Speaker 4: to those people when you're afraid they can't pay you back?
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  Speaker 4: All right, those people need the money to eat, to
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  Speaker 4: pay their mortgages, to keep to keep their day to
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  Speaker 4: day thing together. But they're a bad bet. So the
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  Speaker 4: people who got the money when they put the water hose,
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  Speaker 4: when they started a qiwing was the upper levels. And
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  Speaker 4: all that did was create what I call financial edema,
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  Speaker 4: asset inflation and basically hyperinflation. It went totally out of whack.
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  Speaker 4: It went out of whack. So far care that because
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  Speaker 4: they did try and pull the hose out of the
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  Speaker 4: caitt A tank in twenty sixteen twenty seventeen, and the
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  Speaker 4: markets started crashing again, so they put the fire hose
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  Speaker 4: back in. Well in twenty twenty, they had to replace
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  Speaker 4: the water hose with a fire hose. Why COVID hit
• 11:20
  Speaker 4: and COVID stopped the whole game. We had an average
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  Speaker 4: of forty percent contractions in economies, not a slowdown contraction
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  Speaker 4: that I mean that is a stroke.
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  Speaker 2: That stroke okay, crashing right, great, press.
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  Speaker 3: That's it.
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  Speaker 4: So what they did was basically their version of Freedman's
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  Speaker 4: helicopter drop of money. They just made it so cheap.
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  Speaker 4: They flooded it with money. And where did that money
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  Speaker 4: go to the general economy? No, it went to the
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  Speaker 4: finance people with all the money. So and what do
• 11:55
  Speaker 4: they do, Well, they buy houses, so they get that
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  Speaker 4: price of the house. Between twenty twenty two and twenty
• 12:01
  Speaker 4: twenty four, of a real estate in the United States
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  Speaker 4: went up so high that it went out of the
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  Speaker 4: ability of most.
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  Speaker 3: Working Americans to buy a hole.
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  Speaker 4: Now all those boys with fat fat retirement accounts and
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  Speaker 4: stock marketings could bet against each other with their cheap money.
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  Speaker 3: And I mean, the house go over with the people.
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  Speaker 4: Who it depends on the bottom part there's I mean,
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  Speaker 4: you know what, the people on the top forget, Carrie.
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  Speaker 4: And it's easy to forget it. You're on top because
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  Speaker 4: there's the bottom. When the bottom dies, you become the bottom.
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  Speaker 4: And that is about to happen in twenty twenty six.
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  Speaker 3: The bottom is dying. Is that why we're in war now?
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  Speaker 4: No, we're at war for its own reasons. Well, nobody
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  Speaker 4: were at war that this came out of the blue.
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  Speaker 4: I mean, I mean, Carrie, what happened in. If we
• 13:00
  Speaker 4: let's dial it back last year, if we had this
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  Speaker 4: conversation last year, we the possibly war wouldn't be there.
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  Speaker 3: Oh yeah, yeah, yeah yeah.
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  Speaker 4: It was like we're gonna go on, Yeah, we're gonna
• 13:12
  Speaker 4: have you know, we're gonna talk about gold, silver and
• 13:14
  Speaker 4: that stuff.
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  Speaker 3: Not a war. This war was like every thing else.
• 13:20
  Speaker 3: It's one of what Ruby what he called black. It's black.
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  Speaker 3: It was a black swamp.
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  Speaker 4: Now you can look at it geopolitically and say, oh no,
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  Speaker 4: it was inevitable.
• 13:30
  Speaker 3: Israel wanted to take out I ran. Israel wanted the
• 13:35
  Speaker 3: US to go in and do it. Yeah. Absolutely, and
• 13:42
  Speaker 3: they get it. They get they sweak talk Trump. I
• 13:46
  Speaker 3: mean I read the New.
• 13:47
  Speaker 4: York Times versions of how Trump made the decision, and
• 13:51
  Speaker 4: everybody came in. I mean Netta who came in, made
• 13:55
  Speaker 4: his pitch, and everybody listened.
• 13:57
  Speaker 3: Everybody was in the room. And then after good old
• 14:01
  Speaker 3: BB made.
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  Speaker 4: His pitch, everybody waved in with their opinion and everyone said, no,
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  Speaker 4: we're fucked.
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  Speaker 3: If we do that.
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  Speaker 4: And Trump he thought, wow, look what we did in Venezuela.
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  Speaker 4: Just now that that was a that was a slam dug.
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  Speaker 4: You know, yeah, what what you do we can knock
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  Speaker 4: it out. It would be just like that. So Chomp has,
• 14:27
  Speaker 4: you know, the basic optimism in his heart, said let's
• 14:32
  Speaker 4: do it. You know, because the Bebe's pitch was on
• 14:35
  Speaker 4: its surface, you could sell it. Tremendous internal chaos in Iran.
• 14:41
  Speaker 4: They're shooting people in the street. There's a great uprising
• 14:45
  Speaker 4: and for a regime change, all right. I mean, hey,
• 14:48
  Speaker 4: look at that. They're gonna We're gonna go in and
• 14:50
  Speaker 4: knock off the top. We'll kill the top people and
• 14:52
  Speaker 4: the bottom people. The one's being shot. Now we're gonna
• 14:55
  Speaker 4: take control and it'll be and we're gonna kiss he
• 14:57
  Speaker 4: make face and everything be happy.
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  Speaker 3: Well it didn't happen that way. Why because rarely goes
• 15:03
  Speaker 3: his plan.
• 15:04
  Speaker 4: So Trump did the war. Now what the war is,
• 15:09
  Speaker 4: and this is what I wanted to say, Karn. The
• 15:12
  Speaker 4: war is the black swan. That's the tipping point. I
• 15:17
  Speaker 4: as much as I as I don't like.
• 15:21
  Speaker 3: This, I don't like dislike the FED person because people
• 15:24
  Speaker 3: are just there. They have a job, all right.
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  Speaker 4: I mean, Greenspan was a lot more truthful before he
• 15:30
  Speaker 4: got appointed FED chairman about gold totally.
• 15:32
  Speaker 3: What he got to port of gold. He couldn't say
• 15:35
  Speaker 3: what he said before.
• 15:37
  Speaker 6: I mean there, he's the master of the universe, you know,
• 15:41
  Speaker 6: and they put him there for a reason, and he
• 15:43
  Speaker 6: knows the green Span is smart enough to know that
• 15:46
  Speaker 6: that Reagan put him in there to let to.
• 15:49
  Speaker 3: Take his foot off the blade, put more liquidity in
• 15:52
  Speaker 3: the economy, you know, replace Volker and send the stock
• 15:55
  Speaker 3: market higher. And he did it.
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  Speaker 4: Then sixteen years later, however, we going to he leaves
• 16:00
  Speaker 4: the office and starts talking to trus again.
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  Speaker 3: It wasn't like Greenspan became dumb. It's tenure.
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  Speaker 4: He just knew which side of the bread the butter,
• 16:11
  Speaker 4: the red was buttered on, and they lather on that butter.
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  Speaker 3: Okay.
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  Speaker 4: So what happens is is that we're there now and
• 16:20
  Speaker 4: they introduced a war which is so destabilizing that the
• 16:25
  Speaker 4: I mean, Carrie, we've been talking for fifteen years about
• 16:29
  Speaker 4: this though, okay, And what we and what we've been
• 16:32
  Speaker 4: saying is the FED is in trouble. They're having to
• 16:36
  Speaker 4: do put the hose in the water tank, they're having
• 16:39
  Speaker 4: to go to the repo markets. They're you know, they
• 16:43
  Speaker 4: they they're the emergency team doctors all right.
• 16:47
  Speaker 3: Before they they just sent in a GP. That was
• 16:49
  Speaker 3: all right, the times of cope setic.
• 16:52
  Speaker 4: Send the plumber in, tell them, Hey, tell the guy
• 16:55
  Speaker 4: to whiggle the handle.
• 16:56
  Speaker 3: All right, that worked for decades.
• 16:59
  Speaker 4: At all of a sudden, you've got a rotor rooter
• 17:03
  Speaker 4: outside the place. You've got you know, you've got all
• 17:06
  Speaker 4: different places surrounded by by plumbing people.
• 17:09
  Speaker 3: You got trucks.
• 17:11
  Speaker 4: We've got a lot of trucks parts out there, all right,
• 17:14
  Speaker 4: a lot of trucks. And and the toilet is still flushy.
• 17:19
  Speaker 4: And then god damn it, twenty twenty six, all of
• 17:23
  Speaker 4: a sudden, Trump gets a proverbial hair up is ass
• 17:27
  Speaker 4: and takes out the toilet. Yeah, he basically fucking is
• 17:34
  Speaker 4: screwing with the toilet.
• 17:36
  Speaker 3: I mean it's now now, Carrie. We're sitting here. We're
• 17:40
  Speaker 3: sort of insulated, okay. But there are people in India
• 17:45
  Speaker 3: who can't get cooking oil to cook.
• 17:47
  Speaker 4: Their food in appropate, all right. There are countries that
• 17:52
  Speaker 4: are so on the edge. This is their tipping point. Okay,
• 17:57
  Speaker 4: We're we're insulated, all right. I mean, which is a
• 18:00
  Speaker 4: good thing. Which is which is a good thing. But
• 18:03
  Speaker 4: all it does is buy you time. It doesn't solve
• 18:05
  Speaker 4: the problem, all right, it buys you time.
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  Speaker 3: Yeah. What Trump has done.
• 18:10
  Speaker 4: And what the war has done, is that it's taking
• 18:13
  Speaker 4: it's it's an accetera.
• 18:16
  Speaker 3: What Trump did with the war is like pouring gas
• 18:19
  Speaker 3: lead on the fire.
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  Speaker 4: That's already been burning that you and I had been
• 18:23
  Speaker 4: talking about for fifteen years. The house is going to
• 18:26
  Speaker 4: go down up in flames. Money is going to disappear
• 18:31
  Speaker 4: when when I mean carry you're aware. For example, money
• 18:34
  Speaker 4: disappears in many many ways, basically by defaulting. That's the
• 18:38
  Speaker 4: way it generally happens. But that's the last stage collapse. Okay,
• 18:41
  Speaker 4: defract what.
• 18:43
  Speaker 3: What is preceding it? And we're seeing already what's happening. Yeah,
• 18:47
  Speaker 3: there's no Yeah.
• 18:50
  Speaker 4: Private equity redemption funds. That's that's they're stopping it. That
• 18:56
  Speaker 4: stops the flow of credit and debt. And there's billions
• 18:59
  Speaker 4: tied up that all right, And it's like all.
• 19:03
  Speaker 3: Through the system. There's the repossessions.
• 19:06
  Speaker 4: Of cars at an all time high, houses repossessions at
• 19:10
  Speaker 4: an all time high.
• 19:11
  Speaker 3: Now, what happens to those people whose cars are repossessed?
• 19:15
  Speaker 3: They can't drive in a work? How are you to work?
• 19:17
  Speaker 3: What happens those people's whose houses get repossessed? You're homeless,
• 19:22
  Speaker 3: all right. You can be.
• 19:26
  Speaker 2: All thought, but that's what class schwab net. You'll own nothing,
• 19:30
  Speaker 2: and you'll be happy because you'll be living in an
• 19:33
  Speaker 2: airbnb for the rest of your life.
• 19:34
  Speaker 3: For you are well.
• 19:35
  Speaker 4: You know who said this, who predicted it in seventeen seventies,
• 19:41
  Speaker 4: in seventeen eighty was Thomas Jefferson. He said, if we
• 19:45
  Speaker 4: let central banker, if we let the bankers issue our money,
• 19:50
  Speaker 4: we're gonna be homeless on this lamp.
• 19:53
  Speaker 3: And he's right. This is the way it is. We're homeless.
• 19:56
  Speaker 4: We are becoming homeless on in this lamp and Wall Street.
• 20:01
  Speaker 4: It's got all the money. They're buying them up, they're
• 20:03
  Speaker 4: investing them.
• 20:04
  Speaker 3: I mean, I mean, I'm sitting here.
• 20:06
  Speaker 4: There's a lot of old people in Tucson, Carrie. They're
• 20:10
  Speaker 4: they private equity has bought up their mobile homes and
• 20:14
  Speaker 4: they can't pay the rent there and they can't move
• 20:17
  Speaker 4: their mobile home. They're they're we got eighty people who
• 20:21
  Speaker 4: are sitting there, you know, fixed up, you know, putt
• 20:23
  Speaker 4: it around and put that little pot on their porch
• 20:25
  Speaker 4: and the chair and get down and stand off running
• 20:28
  Speaker 4: and miss cope steady.
• 20:30
  Speaker 3: Yeah, And then they get a notice from the new
• 20:34
  Speaker 3: owner of the mobile home.
• 20:35
  Speaker 4: Who bought out the owners with cash big fat offer
• 20:39
  Speaker 4: with a forty percent increase or thirty percent or ten percent,
• 20:42
  Speaker 4: no matter what the increase is is these people are
• 20:45
  Speaker 4: all ready living on the edge of their ass That's
• 20:51
  Speaker 4: that's what that's what they are. And Carrie, we are
• 20:54
  Speaker 4: we it's it's it's this is this is it's like,
• 20:58
  Speaker 4: you know, keep thinking.
• 21:01
  Speaker 3: In two thousand and nine, I was given to talk
• 21:03
  Speaker 3: on this very subject, yeah, Munich, in Munich, and this
• 21:07
  Speaker 3: is how I read it. All. We have a bunch
• 21:09
  Speaker 3: of Austrian economists and ant called, you know, gold Standard University,
• 21:14
  Speaker 3: and I said this, watching a slow motion train wreck
• 21:19
  Speaker 3: is fascinating, even if you're on the trip.
• 21:23
  Speaker 2: I remember you saying that, Parah, Yeah, you have by
• 21:27
  Speaker 2: far some of the best lines ever. And you know,
• 21:32
  Speaker 2: like we can wax eloquent about the gold Standard and
• 21:41
  Speaker 2: how much better life would be and all that, but
• 21:43
  Speaker 2: in the end we're talking about your life, people's lives,
• 21:48
  Speaker 2: and you know, as bad as the system is, it's
• 21:54
  Speaker 2: like nobody really wants to see it go right.
• 21:58
  Speaker 4: Yeah, Carrie, you carry that reminds me and and and
• 22:03
  Speaker 4: I remember in two thousand and five, and ad Tall
• 22:06
  Speaker 4: was speaking in Dallas, all right, and I was next
• 22:10
  Speaker 4: an Tall, professor Fagette, and he turned to me and
• 22:13
  Speaker 4: he said, the day gold goes.
• 22:16
  Speaker 3: To the roof is going to be the saddest day
• 22:19
  Speaker 3: in the world.
• 22:22
  Speaker 4: And when he meant for ninety nine percent of humanity,
• 22:26
  Speaker 4: it's just gonna obliterate everything they.
• 22:29
  Speaker 3: Thought they own. Really, and that's that's what it is.
• 22:33
  Speaker 4: And and that's the thing about about what you said
• 22:36
  Speaker 4: about about You can talk about gold, we can talk
• 22:38
  Speaker 4: about these things like that, but it's really about.
• 22:41
  Speaker 3: Life, okay.
• 22:42
  Speaker 4: And and that's why and and and and you said,
• 22:46
  Speaker 4: we really don't even though the system is a specious,
• 22:49
  Speaker 4: Even though the system, over time the few are going
• 22:52
  Speaker 4: to have everything and everyone else is gonna be a debtor,
• 22:54
  Speaker 4: we know that none of us really want to see
• 22:57
  Speaker 4: it collapse, because you know what's gonna happen.
• 22:59
  Speaker 3: My my metaphor about that, you know, carry is this.
• 23:04
  Speaker 4: Even the slaves on the plantation are hoping and praying
• 23:09
  Speaker 4: that mass is going to get a refi in London
• 23:12
  Speaker 4: so you can keep the plantation going, all right, And
• 23:16
  Speaker 4: tomorrow we go out with chains and and and and
• 23:19
  Speaker 4: and bail cotton and get beaten and have our kids
• 23:22
  Speaker 4: sold off.
• 23:23
  Speaker 3: From under us. But we still hope that mass is
• 23:26
  Speaker 3: going to get the REFI because if he don't, what
• 23:29
  Speaker 3: are we gonna do? Heal with us? He may not
• 23:33
  Speaker 3: even know unlock the chains.
• 23:35
  Speaker 4: Yeah, you know.
• 23:37
  Speaker 2: And that's what is by mm hmm, that's what it's like,
• 23:43
  Speaker 2: so so true. I mean everything you said is one
• 23:46
  Speaker 2: hundred perent accurate. We knew this day was coming. Is
• 23:49
  Speaker 2: there a way they can kick the can down the
• 23:52
  Speaker 2: road yet again, Daryl? Or is this really it?
• 23:55
  Speaker 3: I don't. I think this is it. But I've been
• 23:58
  Speaker 3: wrong before. I remember my poor I.
• 24:02
  Speaker 4: Take back how he him having to grow up with
• 24:05
  Speaker 4: me when he's trying to make his way through the
• 24:07
  Speaker 4: world and I'm ratting and raving saying it's all going
• 24:10
  Speaker 4: to go to hell. Yeah, it's gonna lapsed, because I've
• 24:12
  Speaker 4: been this way since the nineties, all right.
• 24:15
  Speaker 3: And he went to MIT and Benjamin was in the computers.
• 24:18
  Speaker 4: He wasn't in the finance, but he said something that
• 24:21
  Speaker 4: was absolutely I think about it was stunning.
• 24:24
  Speaker 3: He said, you know, Dad, you may be right, but
• 24:27
  Speaker 3: they may have something up. They've got a very long
• 24:30
  Speaker 3: arm and a long sleeve. All right.
• 24:33
  Speaker 4: And when I think about q I remember what he said,
• 24:37
  Speaker 4: because they had never done QE before two thousand and nine.
• 24:40
  Speaker 3: All right.
• 24:41
  Speaker 4: But basically, I understand the mechanisms of money, the plumbing.
• 24:46
  Speaker 4: I understand the plumbing. I understand the hydraulic pressure. I
• 24:49
  Speaker 4: understand the seals. I understand the difference between copper and
• 24:53
  Speaker 4: plastic piping. I understand all that credit, okay, and the
• 24:57
  Speaker 4: effect of.
• 25:00
  Speaker 3: You know, blah blah blah.
• 25:01
  Speaker 4: I understand all of it far more than I have
• 25:03
  Speaker 4: thought one or two. And I don't think they have
• 25:05
  Speaker 4: anything left. And they've got nothing. They're down in the rope.
• 25:09
  Speaker 4: I mean, they've tried the fire hose. The fire hose
• 25:11
  Speaker 4: is in it, and now along.
• 25:13
  Speaker 3: Comes the war. My optimism is this, Carrie.
• 25:17
  Speaker 4: My optimist is this, and and and it's it's it's
• 25:21
  Speaker 4: I believe this since the very beginning. The system of
• 25:24
  Speaker 4: credit and debt is a killer eventually, Okay, it's like drugs.
• 25:29
  Speaker 4: You may have a good time, but at the end
• 25:31
  Speaker 4: you're gonna be in the gutter and lose everything. All right,
• 25:35
  Speaker 4: But along the way you may have a very good time.
• 25:38
  Speaker 4: And this country pretty much has had a quote most
• 25:42
  Speaker 4: of it has had a very good time, all right,
• 25:44
  Speaker 4: but now we're at the endgame.
• 25:46
  Speaker 3: There's nothing you can do about it. It's like mechanics.
• 25:49
  Speaker 4: Okay, you run out of time, you kick the can
• 25:51
  Speaker 4: down the road, and all of a sudden there's a
• 25:54
  Speaker 4: you can't go any further time, all right, that the
• 25:56
  Speaker 4: universe put up.
• 25:58
  Speaker 3: All right there it is. My belief carry.
• 26:00
  Speaker 4: Is this, is that the collapse of this economy, the
• 26:05
  Speaker 4: collapse of credit and debt, which has only been around
• 26:08
  Speaker 4: for two hundred and fifty years, is going.
• 26:10
  Speaker 3: To give rise and make way for a better world.
• 26:14
  Speaker 4: I've always said it, all right, I've always believed it.
• 26:20
  Speaker 3: Now, that's not a belief.
• 26:22
  Speaker 4: If you have a strong feeling that if you can't
• 26:27
  Speaker 4: leverage your income, how on the hell are you going
• 26:29
  Speaker 4: to pay the rent?
• 26:30
  Speaker 3: I don't believe that.
• 26:32
  Speaker 4: Yeah, yes, I understand it, but it's not the basis
• 26:39
  Speaker 4: we this game, Carrie. I believe that the collapse of
• 26:43
  Speaker 4: the credit and debt system is Bucky Fuller said this,
• 26:46
  Speaker 4: all right. Bucky Fuller said it's collapse is going to
• 26:49
  Speaker 4: bring about our liberation. That's what Bucky Fuller was. I mean,
• 26:55
  Speaker 4: I absolutely I wasn't necessarily believer in Bucky before my
• 26:59
  Speaker 4: friend Mark was the one to turn me on Bucky.
• 27:01
  Speaker 4: He knew Bucky, and Bucky an absolute genius. I thought
• 27:05
  Speaker 4: he was a pie eyed idealist at an offer list
• 27:08
  Speaker 4: who wasn't grouted. But then in nineteen I read one
• 27:12
  Speaker 4: of the things that he wrote, and he said, in
• 27:14
  Speaker 4: the nineteen twenties, when he was making predictions, he made
• 27:17
  Speaker 4: very sure that all his predictions were at least fifty
• 27:20
  Speaker 4: years in the future, because he didn't want to draw
• 27:22
  Speaker 4: the attention of the power elites who would see him
• 27:25
  Speaker 4: as a threat.
• 27:27
  Speaker 3: Carry we lost you barah, yes, back, yeah, sorry about that.
• 27:33
  Speaker 2: Well, a little malfunction and hey we are we're going.
• 27:38
  Speaker 3: Now, We're good, so keep going, okay, I like Bucky Fuller. Yeah.
• 27:47
  Speaker 4: When Bucky said in the nineteen twenties he died in
• 27:51
  Speaker 4: nineteen eighty two eighty three, Bucky said that he made
• 27:54
  Speaker 4: sure that everything he was predicting was at least fifty
• 27:57
  Speaker 4: years in the future, so he would be pre received
• 28:00
  Speaker 4: as a pie eyed idealist by the power structure rather.
• 28:05
  Speaker 3: Than as a threat to their control.
• 28:08
  Speaker 4: Because Bucky saw, Bucky knew, and in fact he called
• 28:12
  Speaker 4: our system lawyer capitalism and he knew, Carrie that when
• 28:17
  Speaker 4: they offshored their profits, they bankrupted the United States. He
• 28:22
  Speaker 4: knew it that was Yet once they offshored all their profits,
• 28:27
  Speaker 4: that was that it was just a matter of time.
• 28:29
  Speaker 4: But in nineteen eighty one, when he wrote his book
• 28:32
  Speaker 4: Critical Path, he said this. He the introduction was titled
• 28:36
  Speaker 4: Twilight of the World's Power Structures, all right, and he said,
• 28:41
  Speaker 4: mankind is entering a crisis without precedent, a crisis intended
• 28:47
  Speaker 4: by the universe to transform humanity from its present competitive,
• 28:52
  Speaker 4: warring state into an interdependent, in harmonious hole with a
• 28:57
  Speaker 4: higher standard of living for all. He said, for this
• 29:00
  Speaker 4: to happen, all the institutions, political, economic, religious, we're going
• 29:08
  Speaker 4: to collapse and free humanity. Now he caught this right, carry,
• 29:15
  Speaker 4: that's what it is.
• 29:15
  Speaker 3: It's happening. It's happening.
• 29:17
  Speaker 4: And it's sort of like things aren't going to get
• 29:20
  Speaker 4: better until what's bad, that's worse.
• 29:24
  Speaker 3: That's it. It's like, it's it's it. And I mean,
• 29:29
  Speaker 3: I've always believed that it's going to get better. I mean, Carrie,
• 29:34
  Speaker 3: I'll tell you something. You know my book timons Walter
• 29:37
  Speaker 3: I wrote, I wrote it in two thousand and of course, right.
• 29:40
  Speaker 3: And there was a literality.
• 29:42
  Speaker 4: Okay, there was a piece I pulled out of the preface,
• 29:47
  Speaker 4: all right, and the preface said, the water is getting bad,
• 29:50
  Speaker 4: the error is getting bad.
• 29:51
  Speaker 3: Blah blah. You know, it's like driving the picture. All right.
• 29:54
  Speaker 4: That was the preface. There was a piece in there
• 29:57
  Speaker 4: I took out. I took out because I thought people
• 30:00
  Speaker 4: might think I'm getting racist here.
• 30:02
  Speaker 3: But it wasn't. All right. It was like written in.
• 30:05
  Speaker 4: The patois of Huckleberry Finn. Okay, Mark Kwain, Huckleberry Finn.
• 30:10
  Speaker 4: And remember the slave Jim. You're on that boat going
• 30:13
  Speaker 4: down the river, all right, Jim, all right. And what
• 30:16
  Speaker 4: I had was this, There was this little dialogue, Yeah, okay, Missy, Missy, Missy, missy,
• 30:25
  Speaker 4: and she and Missy goes, what's wrong, Jim, what's wrong?
• 30:28
  Speaker 4: You know?
• 30:29
  Speaker 3: And Jim goes, Missy, I seen it. I seen it.
• 30:32
  Speaker 3: She said, what did you see? Jim?
• 30:34
  Speaker 7: I seen Beulah Land. It's beautiful. It's more beautiful than
• 30:38
  Speaker 7: I've ever seen. It's beautiful. And he said, well, why
• 30:42
  Speaker 7: are you so upset, Jim? And he said, because Missy.
• 30:46
  Speaker 7: Between here and Beulah Land is a river. Jordan, and
• 30:49
  Speaker 7: I never seen it run this high.
• 30:52
  Speaker 4: We're in the river, and the river is running high,
• 30:57
  Speaker 4: and it's gonna run its course.
• 30:59
  Speaker 3: And what is horses done?
• 31:01
  Speaker 4: The bankers, the central bankers and the financial system and
• 31:06
  Speaker 4: all the other institutions that benefit by by controlling power
• 31:11
  Speaker 4: and wealth, which is only a segment of the top
• 31:16
  Speaker 4: one percent. I mean, the concentration of wealth is phenomenal,
• 31:20
  Speaker 4: carry phenomenal. You and I are living on the cron
• 31:23
  Speaker 4: you know, and I eat the Italian rastaurants, but we're
• 31:27
  Speaker 4: living on the crobs. Those boys at the top, and
• 31:30
  Speaker 4: there's a whole lot of people. They think they're at
• 31:32
  Speaker 4: the top.
• 31:33
  Speaker 3: They're not.
• 31:34
  Speaker 4: They're living that. They're only close to the table. They're
• 31:37
  Speaker 4: only close to the table. And those that table, the
• 31:42
  Speaker 4: legs are getting cut out because there's no top unless
• 31:45
  Speaker 4: there's the bottom.
• 31:47
  Speaker 3: And they killed the bottom. They killed the bottom. They
• 31:50
  Speaker 3: didn't like weeds, so they used round up and it worked.
• 31:58
  Speaker 2: Uh man, Hey, So I've written I've written a book
• 32:03
  Speaker 2: because everything you know in the world now is a scam.
• 32:08
  Speaker 2: It's called America's Great Parking Scam. You've been robbed and
• 32:14
  Speaker 2: basically government runs by scam.
• 32:17
  Speaker 4: Now.
• 32:18
  Speaker 2: It has nothing to do with what's better for the population,
• 32:22
  Speaker 2: what's better for humanity, what's better for anyone. It's all
• 32:27
  Speaker 2: about the scam. How much money can we extract from
• 32:31
  Speaker 2: the unsuspecting suckers? You know, That's the whole thing. You know,
• 32:39
  Speaker 2: it could not be any any more obvious to me
• 32:44
  Speaker 2: than that. I mean, it's happening, Carrie. The reason why
• 32:49
  Speaker 2: the system because they money.
• 32:54
  Speaker 3: Money is what causes people to vote, all right.
• 32:58
  Speaker 4: And and the boys who make the money, who are
• 33:01
  Speaker 4: extracting all the money from the system, they look for
• 33:04
  Speaker 4: politicians who get people to vote for them.
• 33:08
  Speaker 3: They look for people who get people to hope, all right,
• 33:12
  Speaker 3: and they give them money.
• 33:13
  Speaker 4: Now, the people who get the money owe something to
• 33:17
  Speaker 4: the people who gave him the money.
• 33:20
  Speaker 3: They need that money.
• 33:22
  Speaker 4: And they do and when they get elected then they
• 33:25
  Speaker 4: got to pay off and they know to win the
• 33:28
  Speaker 4: next type they need that person's money.
• 33:30
  Speaker 3: Again.
• 33:31
  Speaker 4: That's why they vested interest in both parties. That's why
• 33:35
  Speaker 4: it doesn't get any better. You can go left, you
• 33:37
  Speaker 4: can go right, and go left and go right, but
• 33:40
  Speaker 4: they own the game, they own the policy. And it
• 33:43
  Speaker 4: doesn't mean that not well, many people who are in there,
• 33:47
  Speaker 4: they're just not in control. They're not in control. There's
• 33:51
  Speaker 4: enough of them, so everybody says, well, my voice is
• 33:54
  Speaker 4: being heard. He just can't do what he wants to do.
• 33:56
  Speaker 4: The boys in control have so much control. They'll let
• 34:00
  Speaker 4: the masses and yell and us and scream on the
• 34:03
  Speaker 4: internet and stuff like that. But when push comes to shove,
• 34:06
  Speaker 4: they don't want they're gonna stay in control. The thing,
• 34:10
  Speaker 4: Carry is this, It's out of their control too, That's
• 34:14
  Speaker 4: what That's what our hope is. It's out of their
• 34:16
  Speaker 4: control too. What is going on the what is going
• 34:20
  Speaker 4: on the forces that they they themselves have said in
• 34:23
  Speaker 4: motion is going to subsume themselves.
• 34:29
  Speaker 2: M hmm, yeah, you know, yeah, well you know it's
• 34:33
  Speaker 2: like the cannibals, annibals at a feast. Eventually they run
• 34:38
  Speaker 2: out of the run out of each anybody.
• 34:42
  Speaker 3: Yeah and right and then right, yeah.
• 34:45
  Speaker 4: Carry and you know what the thing is The question
• 34:48
  Speaker 4: for you and I is this, how long can we
• 34:50
  Speaker 4: stay in the bushes while we're watching them?
• 34:54
  Speaker 3: Because they know when the bushes are gonna from Africa's
• 34:56
  Speaker 3: do mhm. We got to stay in the bushes to
• 35:01
  Speaker 3: the hut.
• 35:05
  Speaker 2: All right, Darrell, this has been enlightening and thanks for
• 35:08
  Speaker 2: the perspective. I know you'll all want to find out
• 35:11
  Speaker 2: more about it. We've been talking with Daryl for fifteen years.
• 35:16
  Speaker 2: We've been pretty spot on, Daryl, like right from the
• 35:19
  Speaker 2: Great financial Collapse to present. Uh, you pretty much nailed
• 35:24
  Speaker 2: the situation. The only question is can can they send
• 35:30
  Speaker 2: a scope down that toilet and do a little repair
• 35:33
  Speaker 2: work on a leaky line and get that toilet to
• 35:36
  Speaker 2: produce until two thousand and thirty two, which is when
• 35:39
  Speaker 2: Martin Armstrong served everything comes falling down?
• 35:44
  Speaker 3: Well, yeah, I did.
• 35:45
  Speaker 4: We're not quite sure of say exactly that toy is
• 35:47
  Speaker 4: going to stop working, all we know that it is.
• 35:50
  Speaker 3: And Kerry for people who are interested in me, I've
• 35:53
  Speaker 3: done something I haven't done before. On my website.
• 35:56
  Speaker 4: I put my bio all right and I you know,
• 36:00
  Speaker 4: people I remember when I first started writing.
• 36:03
  Speaker 3: I go up and I google my name, and the
• 36:05
  Speaker 3: major question that everybody has they look for a Wikipedia
• 36:08
  Speaker 3: entry on you, and there never has been for a reason.
• 36:11
  Speaker 3: All right now this year, on my.
• 36:14
  Speaker 4: Website Wwwdr Shoon on the about section there is a
• 36:18
  Speaker 4: full buyo or at least as much as I want
• 36:21
  Speaker 4: to want to put out there.
• 36:23
  Speaker 3: I think people find it interesting.
• 36:25
  Speaker 2: I love it all right, Drshoon dot com link is
• 36:29
  Speaker 2: in the show. That's this interview on Financial Survival Network
• 36:32
  Speaker 2: dot com. Am using substack. Now I've escaped from the algorithm.
• 36:37
  Speaker 2: The book America's Great Parking Scam You've Been Robbed is
• 36:40
  Speaker 2: available on Amazon and wherever fine books used to be sold.
• 36:45
  Speaker 2: And Darryl, we will catch up with you again soon.
• 36:50
  Speaker 2: Always appreciate you coming on and everybody out there.
• 36:53
  Speaker 3: Keep the faith see it.
• 36:55
  Speaker 1: Gary, Thanks thanks for listening to Carrie Letz's Financial Survival Network,
• 37:00
  Speaker 1: your solution to today's trying times. For the latest, go
• 37:04
  Speaker 1: to Financial Survivalnetwork dot com. Financial Survival Network now more
• 37:10
  Speaker 1: than ever,