Latest / Financial Survival Network / It's a Giant "S" Sandwich and We're Going to Be Living On it - John Rubino #6084

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It's a Giant "S" Sandwich and We're Going to Be Living On it - John Rubino #6084 · Financial Survival Network

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You know, inflation. We had basically a burst of thirty percent inflation in
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three years, which means if you were just scraping by in twenty nineteen,
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now your cost of living is thirty percent higher and you're not scraping by at
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all anymore. And so you're really mad about what's happening. And this goes
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on and on, you know. Oh, and then of course we've got
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multiple wars now where we didn't have any in twenty twenty. You are listening
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to Carrie Letz's Financial Survival Network, where you get valuable information you just can't
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find anywhere else to thrive in today's trying times. You need the Financial Survival
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Network now more than ever. Go to Financial Survivalnetwork dot com and get your
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0:51
Welcome, you are listening to and watching the Financial Survival Network. I'm your
0:56
host, Carrie Lutz. Well, we're with John Rabino. We've got a
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lot of things to go over here, John. A lot has happened in
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the past few weeks that we didn't talk, not the least of which is
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further signs the economy is rolling over by Carey. Yeah, finally we might
1:15
be getting the effects of higher interest rates. And you know, there's just
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so much going on under the surface with the whole fiscal dominance thing where the
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government is counteracting higher interest rates by doing all kinds of kind of backdoor liquidity
1:27
injections. So that's what's kept the economy going so far, but lately it's
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starting to look like we've got a little bit of a roll over going.
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Oil is spawling as we're speaking today. The core CPI numbers that used to
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be the problem with inflation was not the headline number as much as a lot
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of the core variants where they pull out different things and then see what inflation
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is doing. Then you know, some of those variants were rising by like
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eight percent a year. Well they're coming back down now, so they're getting
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into the range of where CPI is, which was two and a half three
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percent, which is a sign of the slowing economy. And then a lot
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of the jobs numbers that have been coming out lately are not super favorable.
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We've got a job's number coming on Friday and today's Tuesday, So that's another
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big data point for the thesis that the economy is slowing down. But it
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does seem to be happening, and stocks are responding to that by falling.
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See, people are aren't necessarily thinking that we're going to have steady growth with
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massive corporate profits to the horizon. Now, you know, maybe it's going
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to be a little bit, a little bit less appealing than that. So
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equity prices are starting to fall, and of course gold and silver are getting
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whacked in that kind of a scenario. So we'll'll have to see whether this
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is a temporary end of the really nice run that gold and silver had or
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if it's just a natural correction in a ongoing bull market. My money is
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on the ongoing bull market, but it's been on that for quite a while,
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so we'll have to see if this is the time. Yeah, well,
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eventually economic fundamentals have to assert themselves. Maybe I don't know it,
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just they're selling this story, and you know, it's silly season. It's
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we got an election coming up, and they're trying to make people believe that
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things are better now than they were four years ago. And I don't think
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that the public is buying it here. Oh no, nobody's buying it at
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all. I mean, the list of things that have gotten dramatically worse.
3:29
Is so long that there's something for everybody there. Whatever you're into, there's
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a stat or a narrative or whatever that is horrifying from your point of view.
3:38
So you know, Biden, Biden has basically put himself in an irredeemable
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position. That doesn't mean the Democrats can't win. It just means that they've
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probably got to, you know, do some unusual things to win from here,
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or Trump has to do our endus thing. You know, that stuff
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has to happen beyond just Biden becoming popular all of a sudden, because you
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know, the border is a nightmare, and anybody who cares about ten million
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military age men coming across the border, you know, the number of military
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age men who are undocumented who have come into the country in the last three
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years is bigger than our standing military in terms of headcount ibilie. And then
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you know inflation. We had basically a burst of thirty percent inflation in three
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years, which means if you were just scraping by in twenty nineteen, now
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your cost of living is thirty percent higher and you're not scraping by at all
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anymore. And so you're really mad about what's happening? And this goes on
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and on, you know. Oh, and then of course we've got multiple
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wars now where we didn't have any in twenty twenty, and now we've got
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we've got two serious ones and potentially a third since we're picking a fight with
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China and Deroan, you know, so one of those guys could turn into
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a shooting war too. So we're on the virgin of World War three.
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We've got debilitating levels of cost of living right now now, and the border
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is wide open. So yeah, what's to like now that the guys in
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charge? Hey, well, you know, the hotel industry is doing well
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now, John, isn't it way to go? O? Care? And
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you found the one bright spot there? New York City hotels are booming because
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what's the status at twenty percent of hotel beds are now taken up by illegal
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immigrants and more and more to come, And the government is probably paying premium
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prices for those rooms, right, I hope. So the damages, yeah,
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I'm just being done. I mean, do you think they're obeying the
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no smoking bands in these hotels? Do you think they could read the no
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smoking signs in the hotel? And now we Okay, I don't want to
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seem heartless to the light of people coming across borders, because you know,
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the people coming to the US but not not the sleeper cells for China and
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Iran, and we don't like them. But the regular people coming across are
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basically they have nothing at home. They're trying to find a better life for
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themselves, and you've got to respect that. We might be doing the same
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thing, but you know, you can't. A country that doesn't have control
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of its borders is not really a country. And if we just open our
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borders, literally seventy percent of the global population will come here. And that's
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what we've been doing lately. We basically, you know, the new administration
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came in and said, okay, come on, you know, come on
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in and we'll get you expedited. And they didn't even process them. They
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just opened the gates, let them in, put them on buses, and
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ship them around the country. So, yeah, the only good thing to
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come from this, other than hotel profits booming is is that it's politically hilarious
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to watch these sanctuary cities swarm when Southern governors shift ship butt loads or bus
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loads sorry of yeah, undocumented people with you know, no paperwork, probably
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English newcomers, yeah, the uncountried, but you know, and just drop
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them off at their Greyhound station and watch these guys freak out because they never
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expected to have consequences apply to them. They just thought they'd be able to
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virtue signal their way to reelection forever. And now all of a sudden,
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you know, you've got these big crowds of minorities in Chicago and LA going
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close the border, close the border, So all of a sudden, this
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policy that they probably thought was willing to just add to the minority population of
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voters is turning away. You know, it's converting the existing minorities to Republicans.
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You know, that's that's like a miracle. You that's one of the
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virtually possible things to do in America politics, and they've managed to do it.
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You know. Yeah, well you got to love it because you know,
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nothing has united. You know, these disparent groups of people I feel
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are like more united than ever. Minorities, they're worried about their jobs,
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and then you look at you know, it's just this whole group of people
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who you never thought would be able to agree on anything. You know,
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persecuted by the judicial system. We have those people, they agree on it.
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People losing their jobs to the open border induced labor surplus. That's another
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thing accomplishment of the administration, John, is we no longer have a labor
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shortage? Do it now? I don't think we do. Now. Ten
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extra million people will take care of a labor shortage and a heartbeat. But
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but yeah, you know, you got to really feel for African Americans and
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Hispanics in a lot of these big cities because you know, they've had a
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tough, no doubt about it, for a long time. And now they're
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seeing all these undocumented immigrants come in and get put up in hotels and get
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debit cards with ten thousand dollars on there, and now they're going to get
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jobs and et cetera, et cetera. So they're thinking, Wow, the
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government could have done that for us all along, because look, they're doing
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it for these other guys and they never bothered and why. And they're coming
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to the conclusion that the reason that no one ever paid any attention to them
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is that their vote was guaranteed Democrat. Yeah, so it's guaranteed. Why
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can change for the black community because if you know, people have always said
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that if you know, thirty percent of African Americans voted Republican, everything would
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change for them because they would be in play. So the big parties would
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have to figure out what they want and give it to them. And but
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nobody ever did that, you know, the thirty percent of black voters never
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voted Republican. But now that might happen, and you're going to see all
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the governments, state, local, and federal suddenly waking up to the need
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to you take care of African Americans and Hispanics and whoever else is in that,
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you know, in the category we're talking about, and it's going to
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be a completely different political landscape. Or both the Republicans and the Democrats are
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big time pro African American and policy not just rhetorically. You know, they're
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going to be looking at policies that actually help the inner cities. So I
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think, you know to the extent that that's one of the outcomes. This
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is actually a really good thing for the underclass in the US because now that
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they're in play, they have to be taken seriously, and in politics,
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being taken seriously means you get money. You know, people getting the government
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gives you what it is you say you want, so so we'll see.
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So I think it's an interesting change coming. But they don't seem to really
10:48
want more public benefits. They really that, at least the people I've been
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watching are looking for hey, invest in our communities like your predecessor did,
11:01
setting up enterprise zones and things like that. You know, I think there's
11:07
I think we're seeing a major paradigm shift towards the government. And I think
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honestly, people are scared now after they see that number forty five can be
11:20
prosecuted on multiple fronts and convicted in a very suspect manner. Put it that
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way, that it could happen to anybody. I think that to me is
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you know, I always knew it was possible because being a recovering attorney,
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I have seen many many miscarriages of justice in my life, often leading to
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incarceration. Not that I represented people in the criminal sphere, but I knew
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lots of people who did, and I saw it happen. Because when the
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government goes after you, you really can't afford to fight them. So you've
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got a plea bargain, and if you do go to trial, you'll get
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three times the sentence you would have gotten had you pleaded guilty in the first
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place. And the US government's a little bit behind what China and Russia were
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in their heydays. We only have like a ninety eight percent conviction rate.
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They had a ninety nine or one hundred percent conviction rate. I mean,
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the very definition of show trial, right John, Oh? Yeah. You
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know, African Americans, especially African American men, really identify with what's happening
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to Trump because they proceed that that's been their life too. You know that
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the criminal justice system would just come and can come take them away, make
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up charges, force them to plead guilty, throw them into prison, and
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then ever after not let them vote, not let them vot have gone,
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you know, their second class citizens after they've been convicted of a felony,
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and that can happen randomly to them in their environment. So they're looking at
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what's happening to Trump and they're identifying with it, and they're impressed with his
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resilience because he's getting it with you, charge after charge after charge, and
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the numbers are just insane, the amount of money that they want from it.
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And then he steps right out on the courthouse steps and he's his normal
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self. You know, he's cracking jokes and insulting everybody who's trying to put
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him in jail. And and so you know, in that sense, he's
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kind of a battle rapper, Like he's a rapper who's taking on his enemies
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full on rhetorically and physically. And you know a lot of black guys appreciate
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that. And that's why in the polling that we're seeing now, the African
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American vote is swinging towards Trump. It's not going to be a majority,
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but you know, anything above ten percent or Republican is like if a Republican
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get you get twenty five percent of the black vote, they never lose.
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You know, they have a lock on reelection forever because that the math works
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that way, because they're going to get most of the white vote, and
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if they get even a decent chunk of the minority vote, then that's fifty
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one percent. And so Trump is looking at those kinds of numbers now in
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part because of the minority vote swinging his way. That has got to terrify
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the Democrats because that, more than anything else, is bringing home the absolute
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backfiring of their lawfair cropt policy. You know, they've weaponized the criminal justice
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system. They've turned it on an opposition politician, and they're making stuff up,
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and they're throwing millions of dollars of resources and basically lying and cheating in
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order to get this player or get this piece off the chess board, you
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know, and and it's blowing up in their faces. Trump is a martyr
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and is fundraising is through the roof is. His approval rating is going up
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since he got convicted. And I don't know if how many of your audience
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has seen that video from the UFC tournament, but just had me. It's
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a mixed martial art fighting promotion that they put in the real fight. Yeah
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yeah, those are some spokesperson for the other for the liberals said it was
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all play acting. Oh yeah, no, there's nothing play acting around him.
15:37
That is. That is the closest thing to a street fight that you
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can do in organized sports. And anyhow, Trump walks in and there's already
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a full stadium there, so Trump walks in and standing ovation and it goes
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on. It's like a five minute standing ovation in that place. And then
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in the hop fight in that card, the winner is getting his hands held
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up as the winner of the fight and everything in the minute he's declared,
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puts his hands down, runs out of the the octagon, goes and finds
16:14
Trump, shakes his hand, and then they start taking selfies together. You
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know, the Trump Trump is. Trump's approval rating in that world is ninety
16:22
nine percent. Yeah, so you know what makes this interesting, He said,
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he's already got the gun guards. Now he's got the martial arts guys.
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So if there is civil unrest where different groups are in the street and
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you got like Antifa on one side and you've got the UFC guys and the
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NR guys on the other side, I think it's going to be a very
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short riot. You know, it's batch, that's for sure. My god.
16:47
You know. Yeah, So just laughing at the visualization, but it
16:55
was pretty amazing that, you know, the guy just owns owned the whole
17:00
arena, tens of thousands of people, you know, screaming, you know,
17:06
and I think I think it's going to be backfire. So you think
17:11
they're gonna this guy Judge Kafka, I mean, Judge Marchan is going to
17:17
actually put Trump behind bars? What is he going to do? Well,
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you know, that would be absolutely crazy, and yet I think it's part
17:26
of their plan because just see, convicting him didn't work. If his approval
17:30
ratings plunged and his polling numbers went down to like thirty five percent from fifty
17:36
one percent today, then they could have probably called it enough. But his
17:41
approval ratings went up, so that you know, they've got this decision tree
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where okay, we do this, and if that doesn't work, then we
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do this, and the next thing is actual jail time for Trump maybe,
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I know, can you imagine me? Can you miserable? Because he's got
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to have Secret Service protection in the engine Gail that he ran him Rikers?
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All right. I don't know if you've ever been to Rikers or you've flown
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over, and I guarantee you every time you go to La Guardia Airport in
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New York. It's huge and it is a huge penal colony. But due
18:15
to the decriminalization of crime, there's like less than half the people in there
18:19
we're supposed to be. But the Secret Service have to protect this guy,
18:23
which means they're going to need to be in the cell with him, or
18:30
they have to give him his own wing. And you know, I assume
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he's going to have to have internet service, so he'll be doing zoom rallies
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from Rikers. I mean, well, here's people thinking here, John,
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here's my prediction two weeks in. Trump is a gang leader in there.
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He's got his own prison gang, and he is the alpha genop of Riker.
19:00
My prediction is where Shawn will try to pull this, but I think
19:06
the Appellate Division or the Court of Appeals still have some semblance of respect for
19:12
the system and they won't allow it. Just like they cut his you know,
19:18
his bond requirement from half a billion down to one hundred and seventy five
19:23
million. They're just not going to allow it. And you know, this
19:30
will I didn't want to think about what's going to happen, but this guy
19:34
is capable of doing it. His career is pretty much over, but he's
19:40
got tens of millions of dollars. His family fortune has been built through it.
19:45
The who are we talking about, Garry the we're talking about the judge.
19:49
Oh, his career is just starting. I mean, he can be
19:52
a Democrat Congress and in the next election. Now if he's the guy who
19:56
put Trump in jail, you know, like I was talking to somebody who
20:00
has a TDS better known as Trump derangement syndrome, and she said, you
20:07
know, I said, do you think he should go to jail for this?
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So I don't care what they what they do, as long as they
20:14
put him in jail, you know, Oh yeah, absolutely? And is
20:17
Adterson's complaining about others being put in jail, you know, through discrimination by
20:23
the police, whatever, but for Trump it's okay. And can't see the
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hypocrisy? Oh yeah, I mean no, there's a big chunk of the
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Democrat Party and related liberals and progressives who think anything that happens to Trump right
20:41
up to assassination is basically justified because he's an existential threat to the country.
20:47
It's the old you know, if you could go back and kill Hitler in
20:48
nineteen one, would you do it? Well? This is that, This
20:52
is that dilemma. This is that question. I'm in modern times And to
20:56
them, they answer is obvious, yes you would kill him. Course,
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But anyhow, the decision tree gets really dark after this, because, Okay,
21:06
if the conviction doesn't work, you put him in prison, and then
21:11
if he ends up being a gang leader in prison and he's he's podcasting five
21:15
million viewer podcasts out of prison. Then you take away this the secret servance.
21:22
You can't do that, though there's federal rule has to reign supreme over
21:27
state law and the federal law. You know, you can't do you know
21:33
what, Jeffrey Epstein was supposed to have cameras on him at all times,
21:37
and yeah, but that was federal prison. I don't know. I mean,
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you know, I remember, I think it was you and I talking
21:45
about that. When Epstein was first put in prison, there was a rumor,
21:48
oh, what if he kills himself? And I said, not a
21:52
chance. He is the most watched prisoner on the face of the earth right
21:56
now, and there he is untouchable. A week later, he's dead.
22:00
A few months, yeah, a few months later, he was out of
22:03
the picture. He got out of the script. But you know, that's
22:07
one thing for that guy. It's another thing for a guy who was president.
22:11
But this is going to be insane season. And then God help us,
22:18
if Trump gets elected. Can you imagine all of the elements who were
22:22
set loose a few years ago are going to be set loose and on steroids.
22:27
You know, the cities will be burning. So I don't know what
22:30
the edition, what the final outcome of this is going to be job,
22:34
but it's not going to be good in a matter of yeah, I will.
22:37
Will the cities be burning though, because if he has let's say,
22:41
thirty percent of the African American vote, Yeah, but you have the LM
22:47
professional They were professional agitators, just like the people occupying the campuses. But
22:53
we can't get too deep into the woods here. Needless to say, it's
22:57
not the Spain wasn't a spontaneous outbursts. It was orchestrated and coordinated by whomever
23:04
you want to think. It's going to be interesting though, that's for sure.
23:08
And hey, finally, what about World War three? And uh,
23:15
what's happening there? You can you know that make all that might make all
23:18
the other stuff we just talked about completely irrelevant. Maybe that's the idea.
23:22
So so what we're doing now, there's also a decision tree in Ukraine where
23:26
they try one thing and it doesn't work, they try the next thing,
23:29
and they keep escalating. And now we're escalating into literal World War three territory
23:33
where NATO is sending advanced weapons and trainers over to you know, show how
23:41
the show the Ukrainians how the jet if we do that in Vietnam, didn't
23:44
we? Yes, we said under that advisers, No, they were not
23:48
trainers, advisors. It's like, yeah, shoot it, shoot that way,
23:52
shoot that way. They're shooting at us. We got to shoot too,
23:56
And that's how Vietnam started. That that is, and so what's going
24:02
to happen? And they're they're telling the Ukrainians go ahead and use these weapons
24:06
to strike into Russia, which Russia obviously has to respond to. So and
24:11
Russia is talking about, well, tactical nukes would be the next thing we
24:14
would use. And you know, so we're getting to the point where there
24:17
are going to be coffins coming home to France and Germany from Ukraine. And
24:23
then we'll just see what happens, because you know, it's the US pull
24:26
and the strings here, and they're they're basically ordering NATO to send those troops
24:32
over there. I don't think France or Germany really want to get involved in
24:36
a war with Russia, but the US is ordering them to. And you
24:41
know, the guys, see Biden obviously is not masterminding any of this.
24:45
He doesn't even know it's happening. Right now. But he's got people around
24:48
him who are stone cold psychopaths who actually want World War three because they think,
24:55
you know, we'll sacrifice twenty million people and then we'll be the rulers
24:57
of the world for the next thousand years. To them, that's a good
25:00
deal. And we're we're very close to that happening right now. So there's
25:06
there's a chance that it drags on until the next election and then that changes
25:11
the composition of the people running US war policy. Maybe, But I don't
25:15
know, I really, I really am shocked with it's gotten this far to
25:21
where they're literally putting French and German soldiers in the way of Russian artillery.
25:26
So okay, insane, Yeah, totally insane. Well, it's a crazy
25:30
world, but we're here to help try to put it into perspective. Make
25:36
sure you take a look at John's Substack rabino dot substack dot com, our
25:41
site Financial Survival Network dot com. The links to John Substack will be found
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in the show outs to this interview on our site, and please sign up
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for your free newsletter. John. We'll talk to you a couple of weeks.
25:53
Keep the faith good. Jared talking to you. Thanks for listening to
25:56
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