Latest / Financial Survival Network / Debt, Rates, and Economic Realities - Chris Markowski #6175

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Debt, Rates, and Economic Realities - Chris Markowski #6175 · Financial Survival Network

0:00
Speaker 1: Again.
0:00
Speaker 2: You know, like I said, you know people, one way
0:02
Speaker 2: or another, your taxes are going up, and you need
0:05
Speaker 2: to understand something that inflation is a tax. Milton Freeman
0:09
Speaker 2: explained it really, really well. You're either paying for all
0:12
Speaker 2: of this spending with taxes or you're paying it with
0:15
Speaker 2: the you know how, your currency is devalued.
0:18
Speaker 1: That's the reality.
0:19
Speaker 3: You're listening to.
0:20
Speaker 4: Carrie Let'sa's Financial Survival Network where you get valuable information.
0:24
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0:43
Speaker 5: Ever, And welcome you are listening to and watching the
0:50
Speaker 5: Financial Survival Network. I'm your host, and well got a
0:54
Speaker 5: special treat for you today. Wall Streets a watchdog. Chris
0:58
Speaker 5: Martowski is with us, and it's been a while. Chris, Uh,
1:03
Speaker 5: what's what's happening in the world here? Pretty dull time
1:07
Speaker 5: of the time of world history, isn't it.
1:11
Speaker 1: He owns lots.
1:12
Speaker 2: Going on with with politics, and like you can't turn
1:15
Speaker 2: your head without seeing something going on or somebody getting
1:17
Speaker 2: uh foe offended by some comment somewhere that oh my god,
1:21
Speaker 2: I've got the vapors.
1:23
Speaker 1: A comedian made.
1:24
Speaker 2: A joke and then they you know, it's it's getting
1:26
Speaker 2: to be, you know, at the absurd and nonsensical. But
1:28
Speaker 2: it always has been. You know, I've been it's way
1:33
Speaker 2: of talk. Take that and you put the politics aside.
1:36
Speaker 2: I'm just I'm laughing my head off because just how
1:39
Speaker 2: the the Bond vigilantes they're they're here, and they told
1:43
Speaker 2: the Fed and howl that they could take a hike
1:46
Speaker 2: with their rate cuts. And it's not just here though,
1:50
Speaker 2: which is the amazing thing is you're taking a look
1:52
Speaker 2: at yields rise all across the globe.
1:55
Speaker 1: And again, we've got to be politically correct.
1:57
Speaker 2: Nowadays seems to be able to say something the United
2:00
Speaker 2: States of America is the tallest short person.
2:04
Speaker 1: In the world. Knows to this right now, because it's
2:07
Speaker 1: it's happening everywhere. It's hilarious.
2:09
Speaker 5: You know what we say on FSN we say that
2:13
Speaker 5: the US is the best looking house in Baltimore, and.
2:17
Speaker 2: There you go, it around the Johns Hopkins Loyola area
2:21
Speaker 2: the that day.
2:22
Speaker 5: I know, well, yeah, so things aren't what they used
2:27
Speaker 5: to be. But in the meantime, you got like China
2:30
Speaker 5: appears to be in a financial implosion of which they
2:34
Speaker 5: have no ability to deal with. We got half the
2:38
Speaker 5: world trying to blow up the other half of the world.
2:41
Speaker 5: It seems right with China.
2:43
Speaker 2: It's like saying, Okay, I'm gonna throw a ball up
2:46
Speaker 2: in the air, and what's gonna happen. It's gonna come
2:49
Speaker 2: down and central planning. It happens every single time it's tried,
2:53
Speaker 2: and you know, you do to try to control you know,
2:56
Speaker 2: the you know, mother nature, which kind of is akin
2:59
Speaker 2: to what you know, economics.
3:01
Speaker 1: Really is, is these trillions of interactions that.
3:04
Speaker 2: Happen every single day, and you think you've got some
3:06
Speaker 2: handle on it, you're going to fail. And trying them
3:10
Speaker 2: failed miserably. I mean, they were going in the right
3:13
Speaker 2: direction for a period of time and they decided to
3:15
Speaker 2: go all in maw with Z and.
3:17
Speaker 1: Again no shock here.
3:19
Speaker 2: I mean, anybody ever believed that the numbers that the
3:22
Speaker 2: Chinese government puts out their growth numbers anything at all.
3:26
Speaker 2: It's all a fougazy everything that they put out there.
3:29
Speaker 2: They've got major major issues taking place. Their real estate
3:32
Speaker 2: issues are beyond the pannable. Yeah, I don't know how
3:38
Speaker 2: they're going to go about resetting it. But what was
3:40
Speaker 2: the announcement today? Was that one point or one point
3:43
Speaker 2: another one point five trillion dollars stimulus but Zuka?
3:46
Speaker 5: Yeah, yeah, they did with Zuka and the market went down.
3:50
Speaker 2: You know.
3:51
Speaker 3: You know it's interesting.
3:53
Speaker 5: There was once it's always a question of life imitating
3:56
Speaker 5: South Park. There was that one where everything in the
4:02
Speaker 5: world was securitized and he wanted to the Sun, wants
4:07
Speaker 5: to get a refund on the margarita maker, but he can't.
4:11
Speaker 5: The store won't take it back because it's been securitized.
4:13
Speaker 5: So he goes to the hedge fund on Wall Street
4:16
Speaker 5: that owns it, and he goes into their offices and
4:19
Speaker 5: the way the system they're using to place their bets
4:23
Speaker 5: is they're cutting off the head of a chicken. And
4:26
Speaker 5: after they cut the head off, the chicken walks around
4:29
Speaker 5: this wheel sprouting blood.
4:32
Speaker 2: And then no, no, that was after the hedge fund
4:34
Speaker 2: carried That was when they went the Fed and the government.
4:38
Speaker 2: And remember that the chicken landed on bailout if you remember.
4:42
Speaker 2: I mean, you can't make this stuff up, Chris, I mean,
4:46
Speaker 2: this is like maybe they're not cutting the heads of
4:49
Speaker 2: chickens off. But maybe they're just looking at entrails instead,
4:53
Speaker 2: you know. Right now, I mean everybody's just like, okay,
4:58
Speaker 2: you lowered, you lowered rates by fifty basis points the
5:03
Speaker 2: you know, for whatever reason it may be. And if
5:05
Speaker 2: you took a look at the numbers that were coming out,
5:07
Speaker 2: there was no real justification for it, and the market said, nap.
5:13
Speaker 2: Now now we're not going along with this. This you know,
5:15
Speaker 2: this is not going to happen. And right now the
5:18
Speaker 2: entire world is a washing debt and they're printing more.
5:22
Speaker 1: It was funny today it was like you had the the.
5:24
Speaker 2: Usual cheerleader for the Fed and uh, you know, big government,
5:28
Speaker 2: Steve Lisman on CNBC. He's like, I don't like to
5:31
Speaker 2: give the you know, the treasury you know, pass fail
5:34
Speaker 2: when it comes to bond auctions. I want to give
5:36
Speaker 2: it an a because you know, the least they sold everything,
5:39
Speaker 2: like buddy, the higher the rates are, that's the more
5:42
Speaker 2: that we the tax payers are paying on all of
5:45
Speaker 2: this debt. Not you know, not to mention the fact
5:47
Speaker 2: that's the that's the largest line item on the budget
5:49
Speaker 2: at this point in time, is interest on the national debt.
5:54
Speaker 1: I mean, it's it is.
5:55
Speaker 2: A big deal, but it's a big deal everywhere. And
5:58
Speaker 2: it was interesting. Somebody sent me a clip and I've usually,
6:01
Speaker 2: you know, kind of remember these things.
6:02
Speaker 3: I don't remember.
6:03
Speaker 2: It was Alan Greenspan saying, hey, listen, you know, one
6:06
Speaker 2: way to get out of the debt situation is to
6:09
Speaker 2: force everyone else's hand. Everybody else goes bankrupt. Maybe that's
6:12
Speaker 2: the case as we're trying to pull right now, or
6:15
Speaker 2: maybe it was the other one I heard is maybe
6:17
Speaker 2: maybe the CIA is behind bitcoin and they're going to
6:19
Speaker 2: run the price up to a couple of million and
6:21
Speaker 2: then we'll bail our way. No, but right now you
6:25
Speaker 2: know that that's you know, debt as far as the
6:28
Speaker 2: eye can see, and nobody's taking it seriously.
6:31
Speaker 5: Yeah, So they don't take it seriously until they have
6:34
Speaker 5: to take it seriously, right.
6:37
Speaker 2: I think we have to now. I mean, you're taking
6:39
Speaker 2: a look. You'll get mortgage rates back up above seven percent.
6:42
Speaker 2: We have our issues with commercial real estate here in
6:45
Speaker 2: this cartry. The the the underwater portfolio is worse than
6:49
Speaker 2: it was stir for the housing crisis during the Great Recession.
6:53
Speaker 1: You know, I don't know how they're going to weasel
6:55
Speaker 1: their way out of that.
6:56
Speaker 2: They're like plan and extend and pretend right now and
6:58
Speaker 2: hiding assets on balance sheet. But you know, it's it's
7:02
Speaker 2: a it's an ugly situation right now. And again, we
7:06
Speaker 2: all know our government finances most of our debt short
7:08
Speaker 2: term instruments that they can't perpetually roll over again and
7:11
Speaker 2: again and again. And now they're rolling it over at
7:13
Speaker 2: higher rates, which is just going to cost a taxpayer
7:15
Speaker 2: more money.
7:16
Speaker 5: Well, eventually they're just going to monetize it right again.
7:19
Speaker 2: You know, like I said, you know, people, one way
7:21
Speaker 2: or another, your your taxes are going up, and you
7:23
Speaker 2: need to understand something that inflation is a tax. Milton
7:27
Speaker 2: Freeman explained it really really well, you're either paying for
7:31
Speaker 2: all of this spending with taxes or you're paying it
7:34
Speaker 2: with the you know how, your your currency is devalued.
7:37
Speaker 1: That's the reality.
7:38
Speaker 5: So over the weekend, former president proposed elimination of the
7:45
Speaker 5: income tax, uh, just putting in tariffs I guess as
7:50
Speaker 5: a substitute, which in theory sounds wonderful, But how's that
7:56
Speaker 5: really going to work out?
7:57
Speaker 2: Yeah, theory, it sounds wonderful that everybody gets free beer,
8:01
Speaker 2: but that's just you know, it's just it's a theory.
8:02
Speaker 2: It's great, it's not going to happen, Nor are many
8:05
Speaker 2: of these policies. We all know this that a lot
8:08
Speaker 2: of these things are just used for public consumption. You can,
8:12
Speaker 2: you know, listen to things that are you know, promised
8:15
Speaker 2: in the rut up to uh election day or State
8:18
Speaker 2: of the Union addresses. Now that that's that's not going
8:20
Speaker 2: to happen. No, it's not feasible. I am all for
8:24
Speaker 2: the elimination of the income tax.
8:27
Speaker 3: I big believe.
8:27
Speaker 1: I'd rather go to a.
8:28
Speaker 2: National sales tax. I think it'd be a hell of
8:30
Speaker 2: a lot better than an income tax. Got to do something.
8:33
Speaker 2: But again, I wouldn't instill anything like that until they
8:36
Speaker 2: actually you know, repealed, uh, you know, the legality of
8:39
Speaker 2: the income tax truss government, because then they'll do both
8:42
Speaker 2: at the same time. We'll have a vat tax and
8:44
Speaker 2: we'll have it. You know, that's not I don't want that.
8:46
Speaker 2: But I much rather see, you know, a national sales
8:49
Speaker 2: tax than what we have right now.
8:52
Speaker 3: Yeah.
8:52
Speaker 5: Well, for one thing, it be a lot easier to
8:55
Speaker 5: calculate because you wouldn't have to calculate it.
8:58
Speaker 3: Uh, you know, I mean, what.
9:01
Speaker 2: Hey, at the point of sale, how about that consumption
9:04
Speaker 2: tax at the point of sale works every single time?
9:07
Speaker 3: What would it be like?
9:12
Speaker 2: You know there John Linder that actually had a book,
9:16
Speaker 2: I have a called they actually call it the fair Tax,
9:19
Speaker 2: and how it would be set up. And again he'd
9:22
Speaker 2: have to figure how that would would go about working.
9:25
Speaker 2: But again it would also you would be getting rid
9:28
Speaker 2: of fight as well with that also, and let's just
9:30
Speaker 2: understand something that your your your fight.
9:33
Speaker 1: Attacks is just a tax.
9:35
Speaker 3: Yeah again you medic with a.
9:37
Speaker 1: Site's South Park.
9:38
Speaker 2: I remember the old and Simpsons that the duff Beer
9:41
Speaker 2: factory where they had like duff Ice, dug Dry all this.
9:45
Speaker 2: It was all the sane beer just going into the
9:47
Speaker 2: same spouts. All the money that you're baying is all
9:49
Speaker 2: going to the treasury. It's all the same thing. Oh
9:52
Speaker 2: it's yeah, it's going to some lock box somewhere.
9:54
Speaker 1: No.
9:55
Speaker 2: No, no, it's not going to Gringott's bank with the
9:57
Speaker 2: dragons from Harry Partner Garring you know guard Ar your
10:00
Speaker 2: solid security money. It goes to the Treasury and it
10:03
Speaker 2: gets sent out the damn door.
10:04
Speaker 5: So so it all all comes down to South Park.
10:07
Speaker 5: Maybe we should put them in charge of what's happening here.
10:12
Speaker 3: Huh.
10:12
Speaker 2: Those guys are geniuses. I have to hand it to them.
10:15
Speaker 2: And they call a lot of stuff over the years,
10:17
Speaker 2: that's for sure.
10:18
Speaker 3: Yeah.
10:19
Speaker 5: The uh you know, Kevin Spacey's a dungeon, you know,
10:25
Speaker 5: all of this stuff. And they called Donald Trump being
10:28
Speaker 5: elected president many many years ago.
10:30
Speaker 3: Right, Yeah.
10:31
Speaker 2: I think Chrisus Simpsons did that. Yeah, the Simpsons did
10:34
Speaker 2: that way way back in the day. Yeah, it was
10:37
Speaker 2: one of the calls that they made. But again, they
10:39
Speaker 2: had so many calls. They've been on since what like
10:41
Speaker 2: nineteen eighty seven or something.
10:42
Speaker 3: Yeah, a long long time. Yeah. Yeah.
10:45
Speaker 5: So the big question always is you just buy gold
10:49
Speaker 5: and silver, you buy cryptos, real estate.
10:53
Speaker 1: I did need ox, I mean all assets.
10:56
Speaker 2: I mean my clients, you know, they you know, they well,
10:59
Speaker 2: you know, tell me, oh, your wonderful at performance is fantastic.
11:02
Speaker 2: It's like, I'm like, you know, I appreciate the kudos
11:05
Speaker 2: and all that, but you've got to understand that some.
11:07
Speaker 1: Of this performance has been duped inflation.
11:10
Speaker 2: I mean, it's not just you know, the you know
11:12
Speaker 2: the fact that you know it's great that the companies
11:14
Speaker 2: we got great companies in your portfolio.
11:16
Speaker 1: And they're doing well.
11:17
Speaker 2: But you need to also understand that these things are
11:19
Speaker 2: up along with you know, inflation. That plays a part
11:23
Speaker 2: in this also, and you know your portfolios, you know,
11:27
Speaker 2: whatever it may be, you know it looks great and
11:29
Speaker 2: also but it's not worth as much as it was.
11:32
Speaker 2: Actually saw some numbers the other day. I said, you know,
11:34
Speaker 2: going back to go back to nineteen ninety six, and
11:39
Speaker 2: you know, if you had, you know, a million, if
11:41
Speaker 2: you were a millionaire, then let's the equivalent to about
11:43
Speaker 2: a half a million tonight.
11:44
Speaker 1: It's a big.
11:45
Speaker 3: Difference, big difference, big difference.
11:48
Speaker 5: But it's so hard to compare prior price levels to
11:53
Speaker 5: current Yeah, for food, you know, cost of an omelet
11:58
Speaker 5: or a cup of coffee. You know, I go to
12:00
Speaker 5: this place called the Inflation Cafe in the mornings and
12:05
Speaker 5: they just raised the price on my particular drink. And
12:08
Speaker 5: my drink's a little funky, but basically everyone has their
12:11
Speaker 5: drink there and it went from five sixty two, five
12:16
Speaker 5: sixty seven to six thirty two overnight.
12:20
Speaker 3: And you know it's no better.
12:23
Speaker 5: And you know, when I go back and I look
12:26
Speaker 5: at their as a did an analysis, it's I have
12:30
Speaker 5: to send you a.
12:30
Speaker 3: Link to the article.
12:32
Speaker 5: But basically they've got up forty four percent since twenty fourteen,
12:40
Speaker 5: and they've cut back on their rewards program by about
12:45
Speaker 5: eighty percent, and they're making more money than ever, but
12:49
Speaker 5: yet they can't keep their heads above water.
12:51
Speaker 2: Well, I mean, that's that's the inflation that matters. I
12:56
Speaker 2: was talking to the bare necessities inflation. It's the stuff
12:58
Speaker 2: that you have to buy and every day basis. I mean,
13:01
Speaker 2: again the wizards of smart economists. Oh, inflation is that
13:05
Speaker 2: this percent? Listen, Okay, yeah, every ten years or so,
13:09
Speaker 2: I need to buy a new TV. And that's great
13:11
Speaker 2: that the price is a lot less, you know, But
13:14
Speaker 2: the fact is, the stuff that we have to spend
13:15
Speaker 2: money on every single day continues to go up. That's
13:18
Speaker 2: what's most important. Whether it be you know, your heating costs,
13:22
Speaker 2: your electricity costs, your car costs, gasoline costs, your food costs,
13:27
Speaker 2: your hair cut, whatever, all of the things that you
13:30
Speaker 2: have to spend money on in a regular basis continues
13:33
Speaker 2: to go up. And that's why people are so frustrated. Yeah,
13:36
Speaker 2: like I said, it's great, you know, efficiencies and productivity
13:39
Speaker 2: driving down the cost of electronics and certain things and
13:42
Speaker 2: durable goods. But the reality is how often you have
13:45
Speaker 2: to buy those things. You can't eat an iPad. Yeah,
13:50
Speaker 2: it's so true.
13:51
Speaker 5: And you know, as nice as a tesla is, you
13:54
Speaker 5: can't You can't do much with it other than drive.
13:58
Speaker 5: It's and electricity prices up, everything's up. So assets are
14:03
Speaker 5: the key to surviving here. And if you can get
14:06
Speaker 5: assets with cash flow, like commercial not commercial real estate,
14:12
Speaker 5: but residential real estate, like leasing different items that people
14:18
Speaker 5: have to have, then that's where you really clean up.
14:21
Speaker 2: Right, Yeah, I mean any any any You have to
14:24
Speaker 2: have your money working for you. I mean, if you're
14:25
Speaker 2: not being again, you're falling behind. That's why everybody they
14:28
Speaker 2: feel it. You know, you're taking you know, you're working
14:30
Speaker 2: your butt off. You might get a raise, you're taking
14:32
Speaker 2: two steps forward, but you're taking three steps back. The
14:35
Speaker 2: only way you're going to avoid that is you've got
14:37
Speaker 2: to be you know, prudent with your money, and you
14:39
Speaker 2: have to be invested.
14:40
Speaker 1: You have to be putting money awhay. You have to
14:42
Speaker 1: beat inflation.
14:43
Speaker 2: And because it's it's there, it's a reality. And if
14:46
Speaker 2: you're not, you know, like I said, you're falling behind.
14:49
Speaker 5: We don't really know what the real inflation rate is,
14:52
Speaker 5: but it's certainly higher than four percent. And what are
14:55
Speaker 5: you getting at your banker? You know, what is the
14:57
Speaker 5: you know, short term treasure right now? Right on four percent?
14:59
Speaker 5: It's certainly hell of a lot higher than that. So
15:02
Speaker 5: if you buy a piece of rental real estate and
15:06
Speaker 5: you're paying six and a half percent thirty year fixed mortgage,
15:11
Speaker 5: I think the inflation rates probably closer to ten percent. Yeah,
15:16
Speaker 5: so you're basically getting free money something else.
15:21
Speaker 2: Well yeah, well yeah, without a doubt, I think inflation
15:25
Speaker 2: is probably above Teddy, we'll go back with the old
15:28
Speaker 2: way that they calculated, back to the vulgar numbers. I
15:31
Speaker 2: think it's even higher than that. So you always have
15:34
Speaker 2: to find a way to try to, you know, get
15:36
Speaker 2: ahead of the game. And again you do it real estate.
15:40
Speaker 2: You do it through you know, you look for great
15:41
Speaker 2: companies that you can see growth in that are paying
15:44
Speaker 2: you a dividend as well, and you reinvest that you
15:46
Speaker 2: compound those safe yields over time, which is a you know,
15:50
Speaker 2: the royal road of riches is compounding. You do that,
15:53
Speaker 2: you're able to, you know, stay afloat and get ahead
15:55
Speaker 2: of this as best you possibly can, because again I don't.
15:59
Speaker 2: Inflation is the way the world now, you know, nobody
16:02
Speaker 2: we have neither candidate right now. That is the slightest
16:04
Speaker 2: bit serious about cutting the government down the size. I mean,
16:08
Speaker 2: god willing, you know, Trump allows Musk to go in
16:11
Speaker 2: there and cut a couple trillion bucks because again we
16:15
Speaker 2: do that. I mean, you're going to talk about, you know,
16:16
Speaker 2: an economy where we got an enormous amount of potential
16:19
Speaker 2: we can do unbelievable things that we can get our
16:21
Speaker 2: fiscal house in order.
16:22
Speaker 1: That would be fantastic. But again, am I holding my breath?
16:27
Speaker 3: No?
16:27
Speaker 1: No, I've been alive for way too long.
16:30
Speaker 5: Well, one thing that Trump did last time that really
16:33
Speaker 5: was effective was when he issued the executive order that
16:38
Speaker 5: for every new regulation you want to pass, you got
16:42
Speaker 5: to get rid of two. Yeah, and that two turned
16:44
Speaker 5: into twenty. And imagine if he said you got to
16:48
Speaker 5: get rid of one hundred, all right, or you got
16:51
Speaker 5: to get rid.
16:51
Speaker 2: Of but yeah about you get along with the whatever
16:53
Speaker 2: you got to get rid of, like five government workers.
16:55
Speaker 1: Right top of that.
16:57
Speaker 5: That's on top of that too, one hundred worker, one
17:00
Speaker 5: hundred regulations and one hundred government employees.
17:04
Speaker 2: Yeah, so you cut that down the side where well
17:07
Speaker 2: over two millions some odd.
17:08
Speaker 1: I mean, it's it's insanity.
17:10
Speaker 5: And you know, contractors, it's military industrial complex.
17:15
Speaker 2: Everything, yep, cut it all out, cut it down the
17:18
Speaker 2: size again. You know, it's it's disgusting what we're watching
17:21
Speaker 2: taking place in this country.
17:22
Speaker 1: How we spend money.
17:24
Speaker 2: Yeah, I'm here in Tampa, Florida, the devastation some of
17:27
Speaker 2: these areas. Here at the hurricane North Carolina. Here you go,
17:30
Speaker 2: here's a seven hundred and fifty dollars check. We ever
17:32
Speaker 2: sending billions of dollars all over the globe to all
17:34
Speaker 2: of these countries. It's badly absurd, it really is. You know,
17:37
Speaker 2: we we have the capacity to deal and take care
17:40
Speaker 2: of our own people here in this country, and we don't.
17:43
Speaker 1: You know, I've explained this. You're not the priority people.
17:46
Speaker 3: You're not.
17:47
Speaker 2: If you were, they would be taking care of you
17:49
Speaker 2: with with stuff like this happened right now.
17:51
Speaker 1: They don't. You're not the priority.
17:53
Speaker 2: The military industrial complex is, the defense contracts are, and
17:57
Speaker 2: obviously they're friends overseas exactly.
18:00
Speaker 3: Yep.
18:01
Speaker 5: They managed to get taken care of. But the people
18:04
Speaker 5: who really needed these storms have just really exposed the
18:08
Speaker 5: scam of the federal government. Uh So, when we have
18:11
Speaker 5: this talk a year from now, Chris, where's the country
18:14
Speaker 5: going to be?
18:16
Speaker 1: Boy?
18:20
Speaker 2: Listen, you know, I don't, I be honest with you,
18:23
Speaker 2: the way the media works nowadays, especially with politics, I
18:27
Speaker 2: have no idea quite frankly, how you know.
18:29
Speaker 1: This is going to turn out.
18:30
Speaker 2: With this election, You're basically looking at Donald Trump and
18:36
Speaker 2: God willing, you know, I'm casting my vote for him.
18:38
Speaker 1: I've always been.
18:39
Speaker 3: I mean, in.
18:40
Speaker 1: Twenty sixteen, he wasn't my choice, Rand Paul was.
18:43
Speaker 2: I've always been, you know, the libertarian type, you know,
18:45
Speaker 2: a big ramd All guy. But you know, to me,
18:48
Speaker 2: he's the better choice in my opinion at this point
18:50
Speaker 2: in time. Or you're getting, you know, get Kamala Harris,
18:53
Speaker 2: you're getting Obama's fourth term. It's Obama's fourth term. Yeah,
18:58
Speaker 2: she's not running the country. We come on now, I mean,
19:00
Speaker 2: just be serious, She's not. It's you know, the Obama crop.
19:04
Speaker 5: Yeah, it's it's the military industrial complex and the intelligence community.
19:12
Speaker 5: I see that are running the country. Because yeah, that's obvious.
19:18
Speaker 5: So scary times, Chris, just tell us.
19:20
Speaker 3: Where do we find you? How do we connect with you?
19:22
Speaker 5: Your podcast, your website, all that good stuff.
19:26
Speaker 2: Easiest way to do that is to get to my
19:28
Speaker 2: website at Watchdog on Wallstreet dot com. I can subscribe
19:32
Speaker 2: to my podcast there and all the other stuff that
19:35
Speaker 2: I have. Get to my YouTube channel, all sorts of
19:37
Speaker 2: great stuff. It's Watchdog on Wallstreet dot com.
19:40
Speaker 5: All right, excellent links in the show notes to this
19:42
Speaker 5: interview on Financial Survival Network dot com. When you're there,
19:46
Speaker 5: please sign up for your free newsletter. We got over
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Speaker 5: forty thousand subscribers now and keep adding more one thousands
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Speaker 5: every month. Appreciate you coming on, Chris. If you've got
19:57
Speaker 5: a question for Chris, myself Emi l k L at
20:01
Speaker 5: Carrie LUTs dot com.
20:02
Speaker 3: Chris, thanks so much. We'll talk to you again soon.
20:04
Speaker 1: Pleasure.
20:05
Speaker 4: Thanks for having me, Thanks for listening to Carrie Letz's
20:08
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20:13
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20:18
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