Latest / Financial Survival Network / World War 3 (WWIII) Ready, Set, Go! -- John Rubino #6125

Transcript

World War 3 (WWIII) Ready, Set, Go! -- John Rubino #6125 · Financial Survival Network

0:00
Speaker 1: Well, it feels like they're testing things, right, because we
0:03
Speaker 1: did a pandemic. Now we know how that works, We
0:05
Speaker 1: know how easy it is to say our conculture and
0:09
Speaker 1: so you know, the cyber attack or the you know,
0:13
Speaker 1: the major outage is on that list of things they
0:17
Speaker 1: want to understand before they actually launch it for real,
0:21
Speaker 1: and so this could have been just a trial run.
0:23
Speaker 1: You know, Hey, hey, what happens if we shut the
0:25
Speaker 1: internet down for ree hours? You know? Move on? Yeah,
0:29
Speaker 1: let's just make sure that it's okay for us.
0:31
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0:59
Speaker 1: And welcome.
1:00
Speaker 3: You are listening to and watching the Financial Survival Network.
1:03
Speaker 3: I'm your host, Carrie Lutz. John Robido is back with us. John,
1:07
Speaker 3: You've been on the road, but you're looking healthy and
1:11
Speaker 3: that's the important thing. So hey, the first question world
1:15
Speaker 3: War three?
1:16
Speaker 1: Are we there yet? Hey? Carrie? Yeah, it's good to
1:19
Speaker 1: be back home and good to talk to you after
1:21
Speaker 1: a month of traveling around. And I guess you're gonna
1:24
Speaker 1: hit the road pretty soon too yourself. So yeah, well
1:27
Speaker 1: have fun if we don't talk before that, but yeah,
1:30
Speaker 1: world War three, that might be an important story going forward.
1:35
Speaker 1: You know, Trump's all the finance stuff that we're going
1:38
Speaker 1: to talk about, because if we're in a shooting war
1:39
Speaker 1: with nuclear powers, and you know, it really doesn't matter
1:42
Speaker 1: what the treasury yield is or where the NASDAC is
1:46
Speaker 1: or in videos president, you know, because we're in danger
1:49
Speaker 1: of nuclear annihilation at that point. Why anyhow, we're getting
1:53
Speaker 1: closer and closer. First, in Ukraine, we've been feeding so
1:58
Speaker 1: many weapons and probably so many advisors and on the
2:01
Speaker 1: ground people to this proxy war over there, which was
2:05
Speaker 1: originally designed to weaken Russia. Take take an adversary off chessboard,
2:11
Speaker 1: and it's been going on forever, and Russia's not off
2:13
Speaker 1: the chessboard, and the Ukrainians are basically out of people,
2:17
Speaker 1: so they they're starting to do something desperate now, or
2:21
Speaker 1: the Ukrainians in the US and partnership are starting to
2:23
Speaker 1: do something desperate where they're attacking the interior of Russia.
2:26
Speaker 1: And they're hitting nuclear plants and refineries and military bases,
2:32
Speaker 1: and so Russia is kind of you know, they're at
2:34
Speaker 1: the point where, okay, this is it. You know, they're
2:36
Speaker 1: they're just gonna invade Ukraine completely and take it over
2:39
Speaker 1: and just basically crush anything that gets in their way.
2:43
Speaker 1: The problem with that is is that the US is
2:45
Speaker 1: in the way now where we've sent them planes and
2:48
Speaker 1: so it's NATO. You know, there are German planes and
2:50
Speaker 1: US planes over there on the trainers showing those guys
2:53
Speaker 1: how to fly the planes. And apparently there are US
2:57
Speaker 1: soldiers embedded with the Ukrainians who are in Russia. Now
3:02
Speaker 1: they're back in the rush assets. Yeah, we learned from Vietnam,
3:06
Speaker 1: you know. Johnson, Well, that was a long time ago, Carrie.
3:11
Speaker 1: It's it's easy to forget in three decades how you
3:14
Speaker 1: almost ruined your culture. But so we're reaching the point
3:19
Speaker 1: now where Russians and Americans are going to be killing
3:22
Speaker 1: each other and blowing up each other's stuff, and boy,
3:25
Speaker 1: that is so close to, uh, you know, an actual
3:28
Speaker 1: declared shooting war with the two biggest nuclear powers in
3:31
Speaker 1: the world, you know. And so that's one thing, and
3:34
Speaker 1: then meanwhile you got Israel sinking more and more deeply
3:38
Speaker 1: into a broad Middle Eastern war, in the US bringing
3:40
Speaker 1: over assets to protect Israel against Iran. And so, you know,
3:45
Speaker 1: Iran is not a nuclear power, but it's a it's
3:47
Speaker 1: a major Middle East for power, and who knows it
3:50
Speaker 1: might at this point be a nuclear power. We don't
3:52
Speaker 1: know what the state of their nuclear program is, so
3:56
Speaker 1: but we do know that they've got a lot of
3:57
Speaker 1: cruise missiles, they've got a lot of people, they've got
4:00
Speaker 1: a lot of weaponry for that theater. So that's I
4:04
Speaker 1: don't know if you could call that World War three,
4:06
Speaker 1: but you could certainly call it a major, broad based
4:10
Speaker 1: Middle Eastern war that the US is on the verge
4:13
Speaker 1: of involving itself in. And then of course you got
4:15
Speaker 1: China over there where We've got China kind of surrounded
4:19
Speaker 1: by military base, and one little accident with you know,
4:24
Speaker 1: an aircraft carrier or a fighter jet or something like
4:27
Speaker 1: that could set things off over there. So we're in
4:31
Speaker 1: grave danger of a three front war right now, two
4:35
Speaker 1: fronts of which involved nuclear powers, at least two fronts
4:39
Speaker 1: of which. So this is a nightmare, and it's all
4:41
Speaker 1: our fault, you know, We didn't have to surround China
4:45
Speaker 1: with the military basins. There's a funny meme that I
4:48
Speaker 1: posted on my substack that is a picture. Well, first
4:53
Speaker 1: of all, the headline is Iran once a war, and
4:57
Speaker 1: then you scroll down and it's it's a map of
5:00
Speaker 1: Iran with all of our military bases and around it,
5:03
Speaker 1: and the caption is because why else would they have
5:07
Speaker 1: surrounded all our military bases with our country. So that's
5:12
Speaker 1: the situation out there. We're picking it everybody, and it
5:16
Speaker 1: could end well, could end pretty badly for humanity, or
5:21
Speaker 1: at least very badly for the cultures that are involved
5:23
Speaker 1: in this WARCE. So you know, here's hoping that we
5:26
Speaker 1: get to the braink and we pull back. But in
5:29
Speaker 1: the meantime, until we do pull back, there's no other
5:31
Speaker 1: story that even comes close to the magnitude and the
5:34
Speaker 1: importance of World War three.
5:36
Speaker 3: So so really the election is the only other story
5:39
Speaker 3: because one side we know wants to have World War
5:43
Speaker 3: three and blow up everybody. I guess real and imagined
5:47
Speaker 3: edem east. It's like that song from the seventies by
5:52
Speaker 3: Randy Newman. You know, let's drop the big one now
5:56
Speaker 3: you'll eat us anyhow, So let's drop the big one now,
6:00
Speaker 3: like somebody grew up with that saw. And then there's Trump, which,
6:03
Speaker 3: according to Tucker Crlson, Trump's major sin or the military
6:09
Speaker 3: industrial complex the neocons, is that he didn't want another war.
6:14
Speaker 1: So yeah, that's I mean, that's that's the main reason
6:17
Speaker 1: why he's hated by the establishment, because he's getting in
6:20
Speaker 1: the way of their gravy train. Because the way the
6:24
Speaker 1: military industrial complex works now is that politicians go out
6:28
Speaker 1: there and decide who to invade, or which proxy war
6:31
Speaker 1: to finance or whatever, and of course they send a
6:34
Speaker 1: bunch of money. That money flows back to General Dynamics
6:36
Speaker 1: and raytheon for new weapons, and then they pay their
6:39
Speaker 1: CEO's massive year end bonuses. But with a little bit
6:42
Speaker 1: of the money that's left, they funnel it back into
6:44
Speaker 1: those same politicians election campaigns. So it's a nice closed
6:50
Speaker 1: system in which everybody gets rich except for the people
6:53
Speaker 1: that are murdered by the proxy wars and the nuclear
6:58
Speaker 1: conflagrations that are going to all of our kids if
7:01
Speaker 1: they if it goes much further. So, yeah, you don't
7:04
Speaker 1: want a politician getting in the way of that, because
7:06
Speaker 1: it's billions, hundreds of billions of dollars brillion at stake. Yeah, yeah,
7:12
Speaker 1: over time it's trillions. Yeah. So, and you know, I don't,
7:16
Speaker 1: I don't. Trump is too erratic for me to come
7:19
Speaker 1: out in support of. But you know, we had four
7:24
Speaker 1: years of him, We had four years of Biden. Trump
7:27
Speaker 1: years were much more peaceful than the Bible Wars suse.
7:30
Speaker 1: Biden got into office, he started everything every kind of
7:33
Speaker 1: war you can imagine out there. And that was because
7:36
Speaker 1: he is in the pocket of the defense establishment and
7:41
Speaker 1: the Democrats in Congress and the Republicans too. I mean,
7:44
Speaker 1: all of the political class is basically in the pocket
7:48
Speaker 1: of big pharma, big food, the military industrial complex, and
7:54
Speaker 1: the green energy establishment. So anybody who gets in the
7:59
Speaker 1: way that is risking their life and we're seeing that
8:03
Speaker 1: with Trump right now. So I think it escalates from here.
8:06
Speaker 1: You know, they missed with the one assassination attempt and
8:10
Speaker 1: attempt and they we'll come back with more legal stuff. Yeah, yes,
8:15
Speaker 1: well yeah, I think so. And who was the guy,
8:18
Speaker 1: one of the big Democratic politicians just he was on
8:22
Speaker 1: camera and he said, well, you know, if Trump gets elected,
8:25
Speaker 1: if he wins the election, then we're going to have
8:27
Speaker 1: to prevent him from being able to take on with
8:30
Speaker 1: us using this Yeah, yeah, and was it the twenty Jamie, Right.
8:35
Speaker 1: I don't remember what the legal mechanism they were going
8:37
Speaker 1: to use was, but he just flat out said that
8:39
Speaker 1: they were going to use it. So and we'll confirm them.
8:42
Speaker 3: But that would be anarchy because then it would really
8:44
Speaker 3: be a constitutional crisis because Trump would not ascend to
8:49
Speaker 3: the presidency if he was elected, right, but the statutory
8:54
Speaker 3: terms of the Biden or whoever is running things there
8:58
Speaker 3: and the clutre would be over, so we would literally
9:03
Speaker 3: have nobody.
9:06
Speaker 1: As pressible. We would have a civil war as what
9:09
Speaker 1: we would have, you know, that might distract us from
9:14
Speaker 1: World War three, so in the end of the US
9:16
Speaker 1: civil war might actually kill fewer people. So I don't know,
9:20
Speaker 1: I don't know. I mean, Washington State, that's the wrong
9:24
Speaker 1: state to be in for a civil war in the
9:26
Speaker 1: United States, you know.
9:28
Speaker 3: But I'm sucking see not funny, but I can't help
9:33
Speaker 3: but laughing.
9:34
Speaker 1: Why is that? John?
9:35
Speaker 3: I mean, hey, you know a series we're talking the
9:38
Speaker 3: end of the world, the end of the living as
9:42
Speaker 3: we know it, and I'm finding humor in it.
9:45
Speaker 1: Well because it's so stupid, you know, this is just
9:49
Speaker 1: so improbable and so inexplicable that you kind of have
9:55
Speaker 1: to laugh. I mean, this is just pat shit crazy
9:58
Speaker 1: what we're what we're doing right now. And well, I
10:02
Speaker 1: mean it used to be easier to laugh about financial
10:04
Speaker 1: crises because they're they are pretty funny. They're they're for
10:07
Speaker 1: a lot of people to get through. But it's just
10:09
Speaker 1: stupid Wall Street people taking unnecessary risks and government bailing
10:15
Speaker 1: them all out. And you know, if you play it right,
10:17
Speaker 1: you get rich ships. But World War three there's very
10:22
Speaker 1: there are very few ways to come out of that
10:24
Speaker 1: better than you went into it, right. I mean, a
10:26
Speaker 1: few people will, but it's not a broad based thesis
10:31
Speaker 1: that you can use to just Okay, well I'll implement
10:33
Speaker 1: this kind of repping and I'll be fine because you can't.
10:37
Speaker 1: So it's funny, how Yeah, all you can do is
10:39
Speaker 1: laugh sometimes.
10:40
Speaker 3: Yeah, well what else are you going to do? But
10:45
Speaker 3: you know, it's it really is escalating. I don't know
10:49
Speaker 3: about China because China is like had some huge issues
10:53
Speaker 3: with flooding. They had like a thousand year floods that
10:56
Speaker 3: just washed away whole provinces. Was the most amazing thing
11:00
Speaker 3: to watch. And it seems like g is fighting to
11:04
Speaker 3: hold power. You know, it's just making for a very
11:09
Speaker 3: unstable situation globally. It's making me believe that maybe the
11:14
Speaker 3: stars are behind it here. I mean, there is a
11:17
Speaker 3: guy who June first, he's a a utic astrologer, he
11:25
Speaker 3: does Indian astrology, and he said between July fourth and eleventh,
11:29
Speaker 3: there would be an assassination, a political assassination. And two
11:34
Speaker 3: days later they tried to take out Trump and by
11:36
Speaker 3: all rights, Trump should have been gone. That was like
11:39
Speaker 3: a shot that you just don't miss. And then he
11:42
Speaker 3: said a terrorist attack. Well they're saying it wasn't. But
11:45
Speaker 3: the whole CrowdStrike thing that shut down broke the Internet
11:50
Speaker 3: throughout the world. I mean John at my gym, the
11:55
Speaker 3: TVs at the Blue Screen of Death, because they were
11:59
Speaker 3: all hooked into certain and stuff and they just shut down.
12:02
Speaker 3: It was the most amazing thing. Like every other TV
12:05
Speaker 3: was shut down. But that was a big deal. Literally
12:08
Speaker 3: the Internet broke, and if it had lasted for any
12:12
Speaker 3: amount of time we would have had it, we would
12:15
Speaker 3: have a major economic depression. Imagine airlines not being able
12:19
Speaker 3: to fly for weeks. They couldn't fly for hours and
12:23
Speaker 3: it cost them billions. It would have cost them tens
12:26
Speaker 3: of billions because under the law, the airlines got to
12:30
Speaker 3: make good if there's a computer crash and it's not
12:34
Speaker 3: an act of God, they got to make good on
12:36
Speaker 3: all those tickets.
12:37
Speaker 1: Yeah, well, it feels like they're testing things, right, because
12:41
Speaker 1: we did a pandemic. Now we know how that works,
12:44
Speaker 1: We know how easy it is to sit here convulsion,
12:47
Speaker 1: and so you know, the cyber attack or the you know,
12:51
Speaker 1: the major outage is on that list of things they
12:55
Speaker 1: want to understand before they actually launch it for real.
13:00
Speaker 1: And so this could have been just a trial run.
13:02
Speaker 1: You know, hey, hey, what happens if we shut the
13:04
Speaker 1: internet down for three hours? You know, yeah, let's just
13:08
Speaker 1: make sure that it's okay for us. And I think
13:11
Speaker 1: that the people who did that now know a lot
13:15
Speaker 1: more about what happens when you shut the Internet down
13:18
Speaker 1: for a while. So yeah, and there's no reason that
13:21
Speaker 1: these things can't happen all at once, you know, a
13:25
Speaker 1: declaration of World War three and internet outage and another pandemic.
13:28
Speaker 1: Did you see the resurrected monkey pocks? Yeah, because because
13:33
Speaker 1: that flopped, they brought it out and it flopped because
13:35
Speaker 1: the name was too silly. So nobody believed that, but
13:39
Speaker 1: they brought it back and now it's a new deadly
13:41
Speaker 1: version of monkey pocks and we all need to be vaccinated.
13:45
Speaker 1: So got to get Fauci. Where's Fauci when you need
13:50
Speaker 1: to bring here back? Wealchi, Yeah that's right, he's retired,
13:52
Speaker 1: but he can come back. But yeah, so okay, you
13:57
Speaker 1: know you and I are veering off into tinfoil had
13:59
Speaker 1: here Terry or can you keep all this stuff on YouTube?
14:02
Speaker 1: Or yeah?
14:03
Speaker 3: I think so, like it almost like anything goes now sweets.
14:07
Speaker 3: We didn't say anything to that, but hey, you know
14:11
Speaker 3: it's you got to kind of speak and try a
14:13
Speaker 3: little code or a pig Latin if you're not well.
14:16
Speaker 1: Now that we're heading back into an election, it's probably
14:18
Speaker 1: going to get tighter again because you know, they were there,
14:21
Speaker 1: were there, people were in charge, so they didn't really
14:24
Speaker 1: feel that threatened. But you see what's happening in Britain now,
14:29
Speaker 1: yeah with yeah, there's a guy going to prison. We
14:34
Speaker 1: were posting memes. Yeah for me, they weren't even know.
14:38
Speaker 1: They weren't even explicitly they weren't you the violence or anything.
14:41
Speaker 1: They were just I forget what it was. But something
14:45
Speaker 1: like this is what happens with open borders or it
14:48
Speaker 1: was a funny scene of protests or riots or something,
14:52
Speaker 1: but put him in prison for it. So and then
14:56
Speaker 1: they were threatening to extradite Americans stuff we did here
15:01
Speaker 1: in our internet.
15:02
Speaker 3: Well did you catch so yesterday? And I should mention
15:06
Speaker 3: it's August thirteenth. Yesterday Trump sits down with Musk. But
15:11
Speaker 3: before that happened, like two hours before, some hancho from
15:15
Speaker 3: the EU sent a Musk a letter saying you can't
15:19
Speaker 3: do this. You're putting out disinformation. Disinformation's illegal, blah blah blah,
15:25
Speaker 3: and Musk posted if and the thing went on. And
15:28
Speaker 3: then again, funny thing happened in denial of service attack.
15:34
Speaker 3: It tied it up. But they still with all the
15:37
Speaker 3: reposts and everything else. John, they've gotten over one billion views,
15:42
Speaker 3: which is a record and is sending the the powers
15:48
Speaker 3: that be into absolute conniption?
15:50
Speaker 1: Fits well, yeah, because they they do not well, obviously,
15:58
Speaker 1: they don't want Trump to win, and they've got a
16:01
Speaker 1: list of options there, and you know, shutting him down
16:05
Speaker 1: on public forums is one of their options. That's that's
16:08
Speaker 1: not a guarantee of anything, but it makes it harder
16:11
Speaker 1: for him to do what he does. You know, he
16:12
Speaker 1: hasn't had any big outside rallies, has he since the
16:19
Speaker 1: or not very many since the assassination attempt, And it
16:23
Speaker 1: was because but but he was having him, you know,
16:27
Speaker 1: one after another, and that's that's his big way of
16:30
Speaker 1: reaching his people. So I mean, if the lower number
16:34
Speaker 1: of outside venues is because it's so much more complicated
16:39
Speaker 1: and dangerous to do them now, then that that assassination
16:44
Speaker 1: attempt partially succeeded. So I don't know, there's a lot
16:48
Speaker 1: of a lot of things that can be tried between
16:50
Speaker 1: now and then. And you know what else is interesting
16:52
Speaker 1: is this is the first ever election where AI generated
16:57
Speaker 1: content is is a controversy like those Kamala Harris crowd scenes. Yeah,
17:07
Speaker 1: but I mean some people are saying, well, they're fake,
17:10
Speaker 1: and then I've caught a couple of mainstream out that's saying,
17:13
Speaker 1: oh yeah, and the Republicans tried to say that these
17:15
Speaker 1: totally legit images were fake. And so I don't know
17:20
Speaker 1: obviously whether they were fake or not, but it's it's
17:23
Speaker 1: now a source of uncertainty, right, whatever you see, you
17:30
Speaker 1: can think, well is this real or is it AI generated?
17:36
Speaker 1: So it wouldn't be a surprise if we get some
17:38
Speaker 1: big false flags heading up into the election where they
17:42
Speaker 1: use AI generated imagery to make some kind of a point,
17:46
Speaker 1: you know, to discredit somebody or to make somebody look
17:49
Speaker 1: extra good or whatever, and there isn't enough time left
17:54
Speaker 1: till the election to completely debunk it, so it stands
17:58
Speaker 1: as real video or real audio. And this is the
18:02
Speaker 1: first election where that's ever been a thing, so that
18:04
Speaker 1: that's a huge deal if it's true.
18:07
Speaker 3: So true, it's it's, you know, one of those things,
18:11
Speaker 3: but you gotta wonder with what you're seeing because they
18:16
Speaker 3: had one of the Camilla Harris saying stuff that was stupid,
18:21
Speaker 3: but it wasn't that much more stupid than what she
18:23
Speaker 3: usually says, So it's almost like believable.
18:27
Speaker 1: But wait, you know, with with her and this same
18:32
Speaker 1: as true as Trump Trump is, I don't need you
18:34
Speaker 1: don't need to make up fake stuff with them. You
18:37
Speaker 1: could just go through their their their video background and
18:40
Speaker 1: pull out all kinds of things that you know, thirty
18:42
Speaker 1: second commercial are pretty damn then, you know, so we'll
18:45
Speaker 1: see a lot of that, I mean the next month. Yeah,
18:48
Speaker 1: she fake fakes as she called it, which you ever
18:51
Speaker 1: heard of, But they're sei they're not fake, that's whay,
18:53
Speaker 1: I'm dismissing them. But if it's real video footage, then
18:59
Speaker 1: then it's a real thing and it's a completely legitimate
19:01
Speaker 1: thing to post. The thing is, we won't know for
19:06
Speaker 1: sure whether it's real or fake right away, and we
19:09
Speaker 1: might not have time to actually do the analysis that
19:12
Speaker 1: we need to do, or it might never show up.
19:14
Speaker 1: Like if you're in either of the big medio media silos,
19:19
Speaker 1: you will never know if something is whatever, you know
19:25
Speaker 1: if something is real or fake, because they won't tell
19:27
Speaker 1: you unless it's in their interest to tell you. So
19:30
Speaker 1: if you're on Fox or MSNBC, you're only going to
19:33
Speaker 1: get the stuff that reinforces your preconceptions, and so you're
19:38
Speaker 1: going to think those videos are real or you're going
19:40
Speaker 1: to know their false, depending on how it plays in
19:44
Speaker 1: your silo. So yeah, this is very scary stuff.
19:47
Speaker 3: And you can't believe what they say anyway, because they
19:49
Speaker 3: said Hunter Biden's laptop was fake and that didn't wear
19:54
Speaker 3: too well, did it?
19:55
Speaker 1: No? No, But they're half the country still believes what
20:00
Speaker 1: CNN and MSNBC was saying back then. It's a trusted
20:04
Speaker 1: sources of news, right, Yeah, And but you know, I
20:06
Speaker 1: don't I don't want to, you know, make this any
20:09
Speaker 1: more partisan than it is. There's a there's another group
20:13
Speaker 1: of people who watch Fox and they they still think
20:18
Speaker 1: that the lies that were told on Fox are are
20:22
Speaker 1: true because nobody's disabused them of that notion. So yeah,
20:26
Speaker 1: it's you know, it's possible to build your own little
20:32
Speaker 1: media ecosystem that features people who are trustworthy. And that's
20:37
Speaker 1: what people, well, people are doing that. You know, they're
20:39
Speaker 1: migrating over to Tucker Carlson and Joe Rogan and and
20:46
Speaker 1: realistically a lot of people on the left too, who
20:50
Speaker 1: honestly believe what they're saying. Okay, it doesn't mean any
20:54
Speaker 1: of those guys are right on any given issue, but
20:57
Speaker 1: it means that they're honestly trying to figure out what's
20:59
Speaker 1: true and honestly trying to take that truth that they
21:04
Speaker 1: feel like they've discovered and give it to people. And
21:07
Speaker 1: so you build a media system like that, a media
21:10
Speaker 1: ecosystem like that, and you have a way healthier view
21:16
Speaker 1: of the world because you're getting at least what some
21:21
Speaker 1: people honestly believe is the truth. And that's better than
21:26
Speaker 1: just a lot out lies because it fits a narrative,
21:29
Speaker 1: which is what most people get. Right.
21:31
Speaker 3: Now, Hey, wasn't it Abraham Lincoln who said you can
21:35
Speaker 3: gaslight some of the people some of the time, you
21:38
Speaker 3: can gaslight all of the people some of the time,
21:41
Speaker 3: but you can't gaslight all of the people all of
21:43
Speaker 3: the time.
21:44
Speaker 1: Was that Lincoln that said that, pind I think it's p. T.
21:47
Speaker 1: Barnum who is but Piddy Lincoln? No.
21:54
Speaker 3: Hey, you know, like when they said the gaslight district
21:58
Speaker 3: in San Diego, I think the US has become a
22:01
Speaker 3: gas light district, you know. But yeah, in the meantime,
22:08
Speaker 3: in other news, well we got producer prices barely rising,
22:14
Speaker 3: so convenient for an election, John, So, I guess inflation
22:18
Speaker 3: is over. We don't have to worry about it anymore.
22:21
Speaker 3: The Fed foot the good fight and they won. And
22:24
Speaker 3: now you know, prices are higher, but they won't go
22:27
Speaker 3: much higher.
22:29
Speaker 1: Well, we'll have favorable economic numbers going into the election,
22:33
Speaker 1: because you know, we've had them for the last year.
22:35
Speaker 1: What they do with, for instance, the jobs number or
22:37
Speaker 1: whatever is they report a beautiful number, take credit for it,
22:41
Speaker 1: and then revise it back to its much lower number,
22:46
Speaker 1: real number. Over you know, the insulling months when nobody's
22:50
Speaker 1: paying attention. Obviously, the same thing is going to happen
22:53
Speaker 1: with economic numbers going into the election, so we shouldn't
22:57
Speaker 1: trust them other than for the fact that they're going
23:03
Speaker 1: to justify those numbers, will justify cutting interest rates. So
23:07
Speaker 1: there is going to be a real world impact here
23:09
Speaker 1: where we'll get lower interest rates, maybe you know, maybe
23:12
Speaker 1: like three quarters of a point lower on the FED
23:15
Speaker 1: funds rate by the time the election happens, and that'll
23:19
Speaker 1: have hand impact, although you know, three quarters of the
23:23
Speaker 1: point is not going to destroy the world or save
23:25
Speaker 1: the world, but probably Okay, here's the scenario that probably
23:31
Speaker 1: works out is that the economy still looks reasonably good
23:35
Speaker 1: in early November, but after the election, bad numbers are
23:40
Speaker 1: allowed to come out, and the natural momentum that we have,
23:44
Speaker 1: which is downward, really gets going and we have a
23:47
Speaker 1: pretty serious recession in twenty twenty five, which causes the
23:53
Speaker 1: Fed the panic cut, and then we get back into
23:55
Speaker 1: where we were three or four years ago, when interest
23:58
Speaker 1: rates are close to zero and you know, inflation has
24:04
Speaker 1: been replaced by deflation. As the big fear, we're liable
24:07
Speaker 1: to be back there this time next year. So the
24:10
Speaker 1: question is how are we going to invest for that
24:13
Speaker 1: kind of a sea change, And I'm not really sure
24:17
Speaker 1: because it's not even necessarily that good for gold and
24:20
Speaker 1: silver early in that process. You know, cutting interest rates
24:24
Speaker 1: is good, but deflation fears are bad. So we'll have
24:28
Speaker 1: to see this is this is going to be a
24:30
Speaker 1: tricky one to navigate, but it's going to be very different,
24:34
Speaker 1: which means different things make money for us in early
24:38
Speaker 1: twenty five from what has made money in the past
24:41
Speaker 1: three or four years. So fascinating times, but we'll have
24:44
Speaker 1: a lot to talk about.
24:46
Speaker 3: Yeah, well, hey, the gaslight Associates, they're now in charge
24:50
Speaker 3: of all the economic statistics, so we know we'll get
24:53
Speaker 3: the real story from them. But you know, we've been
24:56
Speaker 3: in a recession for years already. It just it used
25:00
Speaker 3: to be two consecutive orders of negative GDP growth, right,
25:06
Speaker 3: which we had, and then they said no, no, not
25:10
Speaker 3: a recession.
25:11
Speaker 1: Right. And remember that's real GDP growth using the government's
25:16
Speaker 1: inflation numbers to adjust, which are wrong GDP. Yeah, So
25:21
Speaker 1: I think if we took actual inflation, which is probably
25:24
Speaker 1: three or four percentage points hired in the government's number,
25:28
Speaker 1: then had we had negative growth for a year and
25:32
Speaker 1: a half there because twenty twenty two we had almost
25:36
Speaker 1: nine percent official inflation, so twenty twenty two had to
25:39
Speaker 1: be a down year in real terms no matter what, right,
25:43
Speaker 1: And if you're adjusting nominal GDP for nine percent inflation,
25:49
Speaker 1: you got to end up with the negative nominal or
25:52
Speaker 1: real GDP number, but we didn't, so yeah, So I
25:56
Speaker 1: don't know.
25:57
Speaker 3: My mother always used to tell me that thetistics lie
26:01
Speaker 3: and liars use statistics.
26:04
Speaker 1: And then was it.
26:08
Speaker 3: Winston Churchill who said there's lies, damn lies, and then
26:11
Speaker 3: there's statistics. So yeah, I bet there are official statistics.
26:17
Speaker 3: That's the important thing, because the official ones are the
26:19
Speaker 3: ones who are so grossly manipulated. In today's world, the
26:25
Speaker 3: only number you really can trust is the stock market,
26:28
Speaker 3: because it might be fake, bakery, whatever, But at least
26:32
Speaker 3: when the stock market goes up, John, you know it
26:34
Speaker 3: went up, right.
26:36
Speaker 1: Well, that's true. You know that the number is the
26:38
Speaker 1: number in the stock right, But why it goes up
26:43
Speaker 1: is a lot more complex. I'm interesting, because you know
26:46
Speaker 1: our governments behind the scenes buying equities or or when
26:50
Speaker 1: they keep them interest rates at artificially low levels, and
26:52
Speaker 1: that raises the price of financial assets like stocks. Is
26:56
Speaker 1: that real? You know? And I think it's not. I
26:58
Speaker 1: think financial sets have been artificially elevated for thirty or
27:04
Speaker 1: forty years now. So when the the revaluation to actual
27:09
Speaker 1: intrinsic value happens, it's going to be pretty brutal. Yeah,
27:14
Speaker 1: we need to be short. That leeds to an extent
27:16
Speaker 1: somewhere somehow. I'm gradually buying Nasdaq good options and deeply
27:26
Speaker 1: but it's slightly out of the money, but to minimize
27:30
Speaker 1: the premium to an extent at least. And all of
27:34
Speaker 1: them are underwater right now except for the most recent one.
27:38
Speaker 1: That's the only one that's up. And that's the way
27:40
Speaker 1: I how that that works. When when you kind of
27:42
Speaker 1: throw very into a short position, Yeah, the recent one
27:46
Speaker 1: makes you all the money, and that offsets the older
27:50
Speaker 1: ones that have lost so much that you can't get
27:52
Speaker 1: back to even on them.
27:54
Speaker 3: But that's what's his name to lobbies, a theory of
28:02
Speaker 3: black swan because you keep buying these out of the
28:05
Speaker 3: money puts like you keep buying them and they keep
28:10
Speaker 3: expiring worthless until one day.
28:14
Speaker 1: They're worth a ton of money, or like Beiederman. Do
28:17
Speaker 1: you remember Beiederman?
28:18
Speaker 3: He was a metals guy like fifteen years ago kind
28:22
Speaker 3: of when I got started in this, and he said,
28:25
Speaker 3: silver is the worst asset in the world.
28:28
Speaker 1: It's horrible.
28:29
Speaker 3: No one in their right mind would buy it, except
28:31
Speaker 3: that one day you will wake up and silver will
28:35
Speaker 3: become the best performing asset in the world and you'll
28:37
Speaker 3: be glad you had it, which is still waiting, but
28:40
Speaker 3: it looks like that day is getting closer.
28:42
Speaker 1: Right. Oh, absolutely, When the Fed starts panic cutting and
28:47
Speaker 1: interest rates get back down towards zero, then silver will
28:51
Speaker 1: outperform gold dramatically.
28:53
Speaker 3: So yeah, you got it on silver. Okay, So we
28:55
Speaker 3: had a little mini crash. I don't really consider this
28:59
Speaker 3: a crash. I think it was hedge fund induced trying
29:03
Speaker 3: to screw with the election. Just what happened in eighth
29:06
Speaker 3: nine when the hedge fund trains out hundreds of billions
29:09
Speaker 3: of dollars from the money market funds, they collapse cascading collapse,
29:15
Speaker 3: and then we had the Great financial collapse. But there's
29:20
Speaker 3: a theory that the collapsing yen carry trade may have
29:25
Speaker 3: caused it. First explained for me and for those of
29:28
Speaker 3: you listening, what is the carry trade?
29:31
Speaker 1: John? Yeah, And I think it's the culprit this time around.
29:34
Speaker 1: So basically the carry trade is a few years ago,
29:39
Speaker 1: Japan had incredibly low interest rates, like zero point five
29:43
Speaker 1: percent you could borrow, yeah, a half a percentage point.
29:46
Speaker 1: But the rest of the world had really low interest
29:48
Speaker 1: rates too. But then the US and Europe started raising
29:52
Speaker 1: their interest rates and that created this this really juicy
29:56
Speaker 1: spread where you can buy in for point five percent
29:59
Speaker 1: because Japan did not raise their rates, and then you
30:02
Speaker 1: invest that money in US Treasury bonds for four point
30:06
Speaker 1: five percent, and you make a four percent spread for
30:09
Speaker 1: basically just a couple of mouse clicks. Risk free. Yeah yeah,
30:14
Speaker 1: well people thought it was risk free. But then Japan,
30:18
Speaker 1: by keeping their interest rates so low for so long,
30:21
Speaker 1: started to affect the value of the end and it
30:23
Speaker 1: started to plunge. You know, everybody else had high interest rates,
30:26
Speaker 1: Japan had low interest rates. It made the end less
30:29
Speaker 1: attractive for certain groups to own, and so the end
30:33
Speaker 1: started to fall in a disorderly way. Japan had to
30:37
Speaker 1: step in and prop up the end, and that made
30:41
Speaker 1: first of all, made the end go up versus the dollar,
30:43
Speaker 1: and it made Japanese interest rates go up, so it
30:46
Speaker 1: blew up the carry trade. All of a sudden, you're
30:50
Speaker 1: not paying that loan back in depreciated y end. You're
30:54
Speaker 1: paying it back in appreciated yen. In other words, that
30:57
Speaker 1: loan that you thought you were going to make four
30:58
Speaker 1: or five percent unch, it's going to cost you fifteen
31:00
Speaker 1: or twenty percent. And you did it with size. You know,
31:04
Speaker 1: you did one hundred million dollars or whatever if you're
31:07
Speaker 1: a hedge fund. Well, in the aggregate, it was a
31:09
Speaker 1: trillion or so dollars. Some analysts think, so you've got
31:13
Speaker 1: a trillion or so dollars worth of carry trades blowing
31:18
Speaker 1: up out there, and that means that you know, people
31:22
Speaker 1: are having to sell their stocks to come up with
31:23
Speaker 1: the margin calls on these things, and that affected all
31:27
Speaker 1: the financial assets out there, and that's what blew up
31:31
Speaker 1: the stock market just lately here because you know, you
31:34
Speaker 1: saw the Japanese stock market tank first, and for a
31:39
Speaker 1: few days it was fallen by like nine percent of day,
31:42
Speaker 1: you know, trading decks, and then the NATASDAK and the
31:45
Speaker 1: US collapse, and that pulled the rest of the US
31:47
Speaker 1: stock market dent. So it would not I think it's
31:50
Speaker 1: a safe bet that it was the end carry trade
31:52
Speaker 1: blowing up that caused this problem. But the important thing
31:56
Speaker 1: is there is no fix. If you're Japan, yes you
32:00
Speaker 1: you can bring your your currency back up, but to
32:03
Speaker 1: do that you have to sell all your dollars to
32:05
Speaker 1: buy in, and then your porgn ex change reserves are
32:08
Speaker 1: drain and your government is still borrowing insane amounts of money.
32:12
Speaker 1: So then you have you have inflation, or you have
32:15
Speaker 1: a crashing currency, or you have a bankrupt government. You know,
32:19
Speaker 1: you can't get out of this without a gigantic existential crisis.
32:25
Speaker 1: And that's what people are realizing right now because yeah, okay,
32:29
Speaker 1: maybe we stop the carnage in the stock market, we
32:32
Speaker 1: actually didn't fix any of the underlying problems ever do
32:35
Speaker 1: the financial system. Yeah, so that's the crackup boom that
32:41
Speaker 1: we've got ahead of us at some point in the
32:43
Speaker 1: not too distant future. And this was like a little
32:45
Speaker 1: mini version of that. But it's going to be much
32:48
Speaker 1: bigger when it happens, because a trillion dollars will be
32:51
Speaker 1: a rounding error when the actual crackup boom happens, So
32:56
Speaker 1: it'll be it'll be tens or you know, more than
32:59
Speaker 1: that of trillions of dollars of financial assets all blowing
33:03
Speaker 1: up at once. And that's that's if we avoid World
33:06
Speaker 1: War three, right, I remember that World War All these
33:10
Speaker 1: three almost financial predictions are only if we survived in
33:15
Speaker 1: order to see them happen.
33:17
Speaker 3: I think there's a stealth carry trade that we don't
33:21
Speaker 3: know anything about, and I think it involves options, and
33:26
Speaker 3: it involves buying Japanese government debt, bringing that over here,
33:32
Speaker 3: collateralizing it to buy US debt, and then you never
33:36
Speaker 3: have to go through the currency translations. You've got a
33:39
Speaker 3: secured asset. You know, you probably could. I don't know
33:43
Speaker 3: that the FED will take it, but any bank will
33:45
Speaker 3: take it and basically give you a US treasuries and
33:50
Speaker 3: then you know, you never had to go changing money
33:54
Speaker 3: or anything, you know. I think there's a lot of
33:56
Speaker 3: ways that's been played that nobody knows about. And when
34:00
Speaker 3: it blew up, it blew up not so much what
34:04
Speaker 3: we could see, but what we didn't see. And that's
34:07
Speaker 3: why you know, Japanese but somehow it just writed itself
34:11
Speaker 3: in three days, John, and then well we can do now.
34:15
Speaker 1: Yeah, it's amazing what we can do in the short run.
34:18
Speaker 1: And we shouldn't forget their derivatives out there are going
34:21
Speaker 1: on a quadrillion dollars space value of derivatives, some of
34:24
Speaker 1: which are interest rate sensitives, some of which are currency sensitive.
34:28
Speaker 1: So yeah, the ramifications of the stuff we can see
34:32
Speaker 1: are dwarfed by what happens to the stuff that we
34:35
Speaker 1: can't see until, you know, until there's an announcement that
34:39
Speaker 1: JP Morgan Chase is going under because of their derivatives
34:42
Speaker 1: book and the government is stepping in to bail them out.
34:44
Speaker 1: Then oh yeah, derivatives, that's right, I remember that from
34:48
Speaker 1: two thousand and eight.
34:49
Speaker 3: Yeah, it doesn't mean anything until it means something. In
34:53
Speaker 3: the meantime, silver is trading at twenty seven bucks the
34:57
Speaker 3: ounce a.
34:58
Speaker 1: Little bit more.
35:00
Speaker 3: Twenty eight gold, you know, broke the twenty five hundred market.
35:04
Speaker 3: I think I'm looking at the right app and hey,
35:10
Speaker 3: we got merger activity now. Last last subject, miners Neumont
35:15
Speaker 3: had blowout first quarter earnings. I almost bought some options
35:21
Speaker 3: on it, like three weeks ago, but of course I
35:23
Speaker 3: didn't kick myself to trading at forty nine bucks. It
35:27
Speaker 3: was a forty two bucks three weeks ago. And then
35:31
Speaker 3: Anglo Gold just bought a Cisco mining sixty five percent premium,
35:37
Speaker 3: and everybody's a buzz about it. You know, just talked
35:41
Speaker 3: to a junior mining company, one of the real quality
35:45
Speaker 3: issues out there, and they're like ecstatic because they just
35:48
Speaker 3: had a huge find. And now all of a sudden,
35:54
Speaker 3: the majors are waking up from their stupor saying we
35:57
Speaker 3: need to start buying juniors because we don't have enough
36:01
Speaker 3: you know, production for the future. We're going to be
36:04
Speaker 3: going under or dramatically contracting.
36:08
Speaker 1: Yeah, but well that's what you get when the thing
36:12
Speaker 1: you sell goes up in price, right, And that's what
36:15
Speaker 1: happened with gold. And the price of gold in the
36:20
Speaker 1: second quarter of this year was about seventeen percent higher
36:23
Speaker 1: than it was in the second quarter of twenty twenty three,
36:26
Speaker 1: so that gave the big gold miners a nice pop
36:29
Speaker 1: in revenues. A lot of that fell down to the
36:31
Speaker 1: bottom line, so it was either a free cash flow
36:34
Speaker 1: or net earnings that were both one way up. And
36:40
Speaker 1: what happens then, you know, when big miners are seeing
36:44
Speaker 1: rising free cash flow, they initially help out their shareholders
36:48
Speaker 1: immediately with the you know, dividend increases or share buybacks. Yeah,
36:52
Speaker 1: but then that cash flow is still coming and so
36:55
Speaker 1: they started looking around and thinking, wow, I could build
36:57
Speaker 1: an empire, you know, I could be bigger than this
36:59
Speaker 1: guy who smaller than him. Now, but let me make
37:02
Speaker 1: just a couple of acquisitions, and I'll be the one
37:05
Speaker 1: not taking his calls, you know. And and so I start.
37:08
Speaker 1: They started empire building and and like you said, legitimately
37:12
Speaker 1: rebuilding their resource basis. And they do that by buying out,
37:17
Speaker 1: buying up the really good quality explorers and junior producers
37:22
Speaker 1: who were big enough to move the needle for a
37:24
Speaker 1: big company. H And Osisco that, as you mentioned, was
37:29
Speaker 1: brought out by Anglo Gold for a really nice premium,
37:32
Speaker 1: sixty some percent one day to the next in that stock.
37:35
Speaker 1: And it's just a really good quality resource that Osisco
37:40
Speaker 1: has delineated. And that's not a company maker for somebody
37:45
Speaker 1: like Anglo, but it's a really good They called it
37:48
Speaker 1: a bolt on acquisition. You know. You just add that
37:51
Speaker 1: to your other reserves and everything looks great. You don't
37:53
Speaker 1: miss a beat, you know. And so there's a lot
37:56
Speaker 1: of small miners and explorers who aren't producing yet, but
38:02
Speaker 1: who found a lot of gold in the ground. Who
38:05
Speaker 1: are you know, in the conversation of who's next after
38:09
Speaker 1: a Cisco? You know, when once people saw that kind
38:12
Speaker 1: of a premium, then they want to know who hasn't
38:15
Speaker 1: gone up yet, but who is capable of being bought
38:18
Speaker 1: out for that? And there's a bunch, So let a
38:21
Speaker 1: couple more deals like that happen and the junior mining
38:25
Speaker 1: space will be a very exciting place to be. So again,
38:29
Speaker 1: here's hoping that would be very cool because I owned
38:31
Speaker 1: a lot of beating up junior miners. You know that
38:34
Speaker 1: it would be nice to see them just to get
38:36
Speaker 1: back to or I paid for them. But you know,
38:38
Speaker 1: another sixty or one hundred percent or whatever on top
38:41
Speaker 1: of that would still feel good in the short run.
38:44
Speaker 3: And we shall also mention that Neumont up their dividend.
38:49
Speaker 3: You know, between Numont and Barrack and Ignika, they're all
38:54
Speaker 3: giving a two percent yield. Now. So when a company
38:58
Speaker 3: like has already haing a dividend and they start getting
39:02
Speaker 3: all this excess cash flow, you know that they can't
39:06
Speaker 3: reinvest because there's only so many decent juniors out there,
39:11
Speaker 3: and they don't want to go so far out in
39:13
Speaker 3: the junior space that they're just basically speculating with the public, right,
39:18
Speaker 3: So they all go for sure things they're going to
39:21
Speaker 3: be up in their dividend, and if gold goes up
39:24
Speaker 3: twenty five hundred three thousand bucks, a lot of that
39:27
Speaker 3: cash flow is going to find its way into dividends.
39:30
Speaker 3: You'll see them, you know, yielding huge dividends. Again, Yeah,
39:35
Speaker 3: that makes them good byes.
39:36
Speaker 1: But you know what, you can get those big stocks
39:39
Speaker 1: in one of the ETFs that own the big stocks,
39:42
Speaker 1: and in that space, you know there's rot has one
39:44
Speaker 1: and then GDX is another one. You just buy that
39:46
Speaker 1: and then you get Agnico Eagle and yeah, it's true.
39:51
Speaker 1: Who do I want to say, who's the gold right? Oh, Berrick,
39:55
Speaker 1: you get Peric, Yeah, you get those guys. So incident,
39:58
Speaker 1: you don't really have to analyze the big gold miners because,
40:02
Speaker 1: first of all, it's really hard to do because they've
40:04
Speaker 1: got ten different world class minds spread out all over
40:07
Speaker 1: the world. Oh, Reggae in person can make sense of that.
40:11
Speaker 1: But so you just buy those stocks via a large
40:14
Speaker 1: gold miner ETF and you're instantly exposed to them.
40:18
Speaker 3: Yeah, that has a lot of advantages buying ETFs. We
40:22
Speaker 3: won't get into that now in any event. That is
40:26
Speaker 3: it for today. Hopefully we'll catch up before I get well,
40:31
Speaker 3: we definitely will, but make sure you go over to
40:34
Speaker 3: John's Substackorbido dot substack dot com our site, Financial Survival
40:40
Speaker 3: Network dot com subscribe and John. If you got any
40:44
Speaker 3: questions for John or myself, shoot me an email kl
40:47
Speaker 3: at Carrie Let's dot com.
40:49
Speaker 1: John, We'll catch up to you in a few weeks. Great, Krey,
40:52
Speaker 1: talk to you soon.
40:53
Speaker 2: Thanks for listening to Carrie Lets's Financial Survival Network your
40:57
Speaker 2: solution to today's trying times. For the latest, go to
41:01
Speaker 2: Financial Survivalnetwork dot com. Financial Survival Network now more than ever,