Latest / Financial Survival Network / Trudeau is Trump's LapDog or Some Would Say B*tch -- John Rubino #6193
Transcript
- 0:00Speaker 1: So you know who's in charge for the next four years.
- 0:02Speaker 1: So all these guys are accommodating that new reality. And
- 0:06Speaker 1: what that means for the social media platforms is that
- 0:09Speaker 1: they have to basically adopt something close to X's moderation policies,
- 0:19Speaker 1: which is to say, not a whole lot of moderation
- 0:21Speaker 1: at all. You know, they have to do that because
- 0:24Speaker 1: anything else opens them up to lawsuits that the courts
- 0:28Speaker 1: won't be on their side.
- 0:30Speaker 2: You are listening to Carrie Let's's Financial Survival Network, where
- 0:33Speaker 2: you get valuable information you just can't find anywhere else
- 0:37Speaker 2: to thrive in today's trying times. You need the Financial
- 0:41Speaker 2: Survival Network now more than ever. Go to Financial Survivalnetwork
- 0:46Speaker 2: dot com and get your free newsletter and gift. Financial
- 0:50Speaker 2: Survival Network now more than ever.
- 0:57Speaker 3: And welcome you are listening to and watching those Financial
- 1:00Speaker 3: Survival Network. I'm Carrie Levet. John Rabino is with us.
- 1:05Speaker 3: After a more than one month. I ate it and
- 1:08Speaker 3: I feel like John, we kind of like miss a month,
- 1:13Speaker 3: probably the most consequential month in so many different ways.
- 1:18Speaker 3: Then since we started talking back in twenty eleven, I
- 1:21Speaker 3: mean Trump is re elected. I knew that was going
- 1:25Speaker 3: to happen. But all the other things that are going on,
- 1:27Speaker 3: the stock market is still booming. Of lot of lots
- 1:31Speaker 3: of things going on here, John, welcome.
- 1:33Speaker 1: Back, Hey carry good to be back. Yeah. We do
- 1:37Speaker 1: have a few things to talk about today, don't we.
- 1:39Speaker 1: But I gotta say, this is the first election I've
- 1:42Speaker 1: ever stressed over, because in the past it's always seemed like, yeah,
- 1:46Speaker 1: you know, you get a different flavor of basically the
- 1:48Speaker 1: same thing. The deep state is in charge regardless. This
- 1:52Speaker 1: time that was at stake. You know, if we went
- 1:56Speaker 1: four more years with the policies of the last four years,
- 2:00Speaker 1: we're over as a country. You know, the borders we're
- 2:02Speaker 1: going to stay open, and all the swing states because
- 2:06Speaker 1: of that, would would vote one way. We'd be a
- 2:08Speaker 1: one party state, and we'd have broad based censorship. We'd
- 2:14Speaker 1: probably blunder into World War three. You know, it was
- 2:16Speaker 1: it was a terrifying prospect, and I was hoping for
- 2:19Speaker 1: just you know, a squeaker for Trump and then civil
- 2:25Speaker 1: unrest for a couple of months. That seemed like the
- 2:27Speaker 1: best to hope for. But this, you know, a landslide basically,
- 2:32Speaker 1: you know, it settles the issue of who won, which
- 2:35Speaker 1: was a really big deal because we were, you know,
- 2:37Speaker 1: we were bordering on a civil war there where nobody
- 2:40Speaker 1: trusts elections in the US. Whoever loses assumes they've had
- 2:44Speaker 1: it stolen from them and is right there ready to
- 2:47Speaker 1: take to the streets. So we avoided all that, which
- 2:50Speaker 1: is just in its own right, is a huge thing,
- 2:52Speaker 1: no matter what else happens. But now we at least
- 2:57Speaker 1: have a chance of reversing some of the these policies,
- 3:00Speaker 1: and it's you know, it's a good start so far
- 3:02Speaker 1: without the transition having even happened. Yet there are policy
- 3:06Speaker 1: changes happening that that are pointing in the right direction.
- 3:10Speaker 1: You know, there's peace plans being floated in Ukraine and
- 3:15Speaker 1: negotiations overclosing the borders on both north and south right,
- 3:20Speaker 1: and yeah, that's a very big deal. So I'm I'm
- 3:24Speaker 1: short term optimistic about our political system. In other words,
- 3:29Speaker 1: we're going to survive intact. We'll still take some luck,
- 3:33Speaker 1: but we're heading in that direction, which is I got
- 3:35Speaker 1: to say, that's nice. It's been a while since since
- 3:38Speaker 1: there was any reason for optimism about the US system.
- 3:41Speaker 3: Absolutely, I could agree with you more. And don't forget
- 3:44Speaker 3: those the Department of Government Efficiency. You know that I'm
- 3:49Speaker 3: that and the idea of like because nobody has talked
- 3:54Speaker 3: about this. Trump didn't talked about it his first term.
- 3:58Speaker 3: You know, no president since Reagan has talked about that.
- 4:02Speaker 3: The government talks too damn much. It's inefficient, it's the
- 4:07Speaker 3: just a corporate welfare. John, We're spending like half a
- 4:11Speaker 3: trillion to a trillion a year to get rid of
- 4:13Speaker 3: the corporate welfare. And then you know, rationalize these programs
- 4:18Speaker 3: because these programs all started. You know, we didn't have
- 4:21Speaker 3: much of a government until FDR. They weren't all these
- 4:23Speaker 3: the welfare state emerged, and then LBJ and then you know,
- 4:29Speaker 3: the rest of them. All of a sudden, we're talking
- 4:31Speaker 3: about turning back the hands on the clock, and it
- 4:35Speaker 3: seems like support for this is wide spread. Now we'll
- 4:39Speaker 3: see how long it left. Because one man's the wasted
- 4:43Speaker 3: government spending is another man's entitlement. But at least we're
- 4:48Speaker 3: having the conversation, and we're having the conversation about endless wars.
- 4:53Speaker 3: We're having the conversation about government overreach, about departments that
- 4:58Speaker 3: their only purpose is make your life miserable, like a
- 5:02Speaker 3: lot of free letter agencies, about closing the FBI headquarters,
- 5:07Speaker 3: all of these things. Now, you know they're going to
- 5:09Speaker 3: fight him. But way I look at it, John, look
- 5:11Speaker 3: at everything Trump had to do to get here. All right.
- 5:15Speaker 3: I put aside all your preconditions, all your thoughts, negative
- 5:20Speaker 3: thoughts about him, whatever they might be. He's at law fair,
- 5:24Speaker 3: multiple lawsuits, criminal indictments, everything else, it attempted to attempted assassination,
- 5:33Speaker 3: FBI stings and covers, honey, pops. Well, he had everything
- 5:39Speaker 3: against him imaginable, every single force aligned. Now, whether you
- 5:44Speaker 3: want to believe in a higher power or God or whatever,
- 5:47Speaker 3: something spared him from when he was shot there in
- 5:50Speaker 3: Pennsylvania and here he is now he won. So I
- 5:55Speaker 3: feel like he's pretty much unstoppable at this point, both
- 5:59Speaker 3: by the Democrat and by the members of his own party,
- 6:02Speaker 3: who are worse than the opposing party. Here, John, Like,
- 6:07Speaker 3: there's nothing worse than like a you know, rooted thicken,
- 6:11Speaker 3: the knife in your rib between your ribs, or Mitch
- 6:16Speaker 3: McConnell saying Hi, I'm here from the US Senate and
- 6:19Speaker 3: I'm here to help, right like the Chamber of Commerce,
- 6:23Speaker 3: all of these forces the deep state aligned against you,
- 6:27Speaker 3: me and the rest of us. He's taken him on
- 6:31Speaker 3: and he prevailed. John, I don't I can't think of
- 6:35Speaker 3: any story like this in our lifetime.
- 6:39Speaker 1: Yeah, this is the most dramatic couple of years of
- 6:42Speaker 1: our lifetimes for sure. A lot of stuff that was
- 6:45Speaker 1: really improbable actually ended up happening. So I think I
- 6:50Speaker 1: have four thoughts what you just said. So let's back
- 6:52Speaker 1: and remember him first. Trump's first term wasn't even a
- 6:57Speaker 1: real term because he didn't expect to get elected. He
- 7:00Speaker 1: thought he you know, he'd lose by a fair bit,
- 7:03Speaker 1: but he'd be much more famous. He'd go back to
- 7:06Speaker 1: TV and stuff like that and make even more money.
- 7:08Speaker 1: And that was his play back then. But then he
- 7:11Speaker 1: gets elected. He doesn't have any kind of a transition
- 7:15Speaker 1: team setup or anything, and so he ended up it
- 7:19Speaker 1: was like, WHOA, I'm president now, I guess I need
- 7:21Speaker 1: like a cabinet and stuff like that. So he went
- 7:24Speaker 1: to the swamp creatures and ask them who he should
- 7:28Speaker 1: name to all these different positions in his government. And
- 7:31Speaker 1: so he ended up with business as usual. He just
- 7:33Speaker 1: he got the people who he ran against and they
- 7:37Speaker 1: just stonewalled him. Plus the law, air and everything. So
- 7:41Speaker 1: nothing happened in his first four years which other things
- 7:45Speaker 1: being equal, is actually a pretty good outcome because if
- 7:48Speaker 1: the government does nothing, then it causes very little harm.
- 7:51Speaker 1: Right But still, we're seeing his actual first term unfold
- 7:57Speaker 1: right now. As you know, you look at the people
- 7:59Speaker 1: he's nominating. They are all bomb throwers from outside the mainstream,
- 8:03Speaker 1: and they have the deep state petrified right now. By
- 8:07Speaker 1: the way, Carrie, this is a little aside. I still
- 8:09Speaker 1: have my other thoughts on this, but you're I think
- 8:13Speaker 1: the only guy I know who knows both Trump and
- 8:16Speaker 1: RFK Junior. So it gives you a pretty interesting perspective
- 8:20Speaker 1: on some of what's happening right now. But okay, let's
- 8:26Speaker 1: see now, is it possible to cut back on government spending?
- 8:31Speaker 1: You know, he's he's got people in charge, not like
- 8:33Speaker 1: Elon Musk and the vic Ramaswami are phenomenally good at organizing,
- 8:39Speaker 1: and they're they're ideas of just closing down the Education Department,
- 8:43Speaker 1: moving big chunks of the law enforcement agencies to to
- 8:46Speaker 1: satellite offices in other states so they don't become, you know,
- 8:50Speaker 1: acclimated to Washington as their home base. And that's all
- 8:54Speaker 1: great and there there so there are things that can
- 8:57Speaker 1: be cut, but that doesn't save us no matter what
- 9:00Speaker 1: they do, it does not save us from the gigantic
- 9:03Speaker 1: financial crisis is coming because we already borrowed too much money.
- 9:06Speaker 1: You know, you can't fix debt at government debt at
- 9:10Speaker 1: one hundred and twenty percent of GDP and total debt
- 9:13Speaker 1: at three hundred and fifty percent of GDP unfixable. You know,
- 9:16Speaker 1: there's nothing you can do about that except have the
- 9:20Speaker 1: crisis that leads to the currency reset. So all of
- 9:23Speaker 1: that is still to happen, and that's how they handle
- 9:27Speaker 1: that inevitability is going to be what defines or one
- 9:33Speaker 1: of the things that defines Trump's four years here because
- 9:37Speaker 1: it will probably hit before he's out, and you know,
- 9:39Speaker 1: it's going to be a very big financial crisis. They're
- 9:41Speaker 1: going to have to deal with it. And it's not
- 9:45Speaker 1: clear that they are prepared for anything like that. They
- 9:48Speaker 1: don't talk about it or anything. But it's also possible
- 9:51Speaker 1: that they do the currency reset pretty well because they've
- 9:54Speaker 1: got gold bugs, you know, this Judy Shelton lady, and
- 9:57Speaker 1: they've got other people who might be open to the
- 10:00Speaker 1: idea of going back to a gold standard, so that
- 10:03Speaker 1: that is by far the least painful way to have
- 10:05Speaker 1: that currency reset, and it could be that Trump is
- 10:08Speaker 1: actually positioned to do that correctly. You know, that would
- 10:12Speaker 1: be that would be amazing if true, but or if
- 10:17Speaker 1: it happens that way. But you know, as far as
- 10:21Speaker 1: you know, like what RFK Junior is talking about doing
- 10:23Speaker 1: in healthcare phenomenally good because we have gotten nothing for
- 10:29Speaker 1: our wealth. We're in some ways the richest country in
- 10:33Speaker 1: the world, or at least we have been in the past,
- 10:37Speaker 1: but we're the least healthy, big rich country. We're the
- 10:40Speaker 1: least happy we have. You know, our average lifespan of
- 10:44Speaker 1: the US is much less than that of Italy. So
- 10:49Speaker 1: we've basically been captured by these big interests. You know,
- 10:54Speaker 1: Big food sells us poison which causes chronic illness, and
- 10:58Speaker 1: so we go to big pharm and they give us drugs,
- 11:01Speaker 1: incredibly expensive drugs to manage the symptoms of the poisoning
- 11:05Speaker 1: from big Food. And it just goes on like that
- 11:08Speaker 1: in a circle. And RFK Junior gets that, so he
- 11:12Speaker 1: could come in and just clean this stuff up. You know,
- 11:15Speaker 1: these conflicts of interest aren't even hidden or anything. They're
- 11:18Speaker 1: just right out there in the open. But it became
- 11:22Speaker 1: so normalized that they're like an aristocracy where yeah, yeah,
- 11:25Speaker 1: we have special rights. The laws don't apply to us.
- 11:27Speaker 1: But so what, it's always been that way. So you know,
- 11:30Speaker 1: he could clean that part of the system up, and
- 11:33Speaker 1: if he does, that would be amazing because you know,
- 11:36Speaker 1: we're poisoning our children. To put it bluntly, yeah.
- 11:43Speaker 3: You know, like the whole thing of the unhealthiest country
- 11:47Speaker 3: in the world, the the bcity rate and all of
- 11:51Speaker 3: this is biohacking. It's primitive biohacking. It's just like you
- 11:56Speaker 3: hauled out some sugar when Johnny is two months old
- 12:00Speaker 3: or I like that, and you get a dopamine hit
- 12:03Speaker 3: and then you get hooked on this and all of
- 12:05Speaker 3: our food if you look at all the processed foods,
- 12:09Speaker 3: you know, we have more ways of the saying sugar
- 12:12Speaker 3: in the English language that we to go you know
- 12:16Speaker 3: what yourself, right, there are more ways that they sugar,
- 12:20Speaker 3: some like two hundred and forty ways that they show.
- 12:22Speaker 1: And see, the amazing thing is that sugar isn't even
- 12:26Speaker 1: the worst process sweetener that is in our food. Fruit douse,
- 12:30Speaker 1: corn syrup is much worse. And you've got all these
- 12:32Speaker 1: other things with names like you said that we don't
- 12:34Speaker 1: even necessarily recognize as some kind of a fake sweetener
- 12:39Speaker 1: that causes obesity and causes autism. I'm guessing about the autism.
- 12:44Speaker 1: Something causes autism. We will find out what it is
- 12:46Speaker 1: if we actually test for it. And childhood, what's the
- 12:53Speaker 1: thing when your old allergies, you know, allergies used to
- 12:56Speaker 1: be very rare and now they're super common. And our
- 12:59Speaker 1: food plus all the industrial chemicals that are in other
- 13:02Speaker 1: products that we that we use and sleep with and
- 13:07Speaker 1: drive around, you know, all of that stuff is causing
- 13:10Speaker 1: these things. And we could go science based in our
- 13:15Speaker 1: you know, in the FDA and the NIH and and
- 13:19Speaker 1: actually find these things. And that's that might be the
- 13:22Speaker 1: part of this whole thing that I'm most well second
- 13:24Speaker 1: most excited about. Stopping these wars is the existential thing immediately,
- 13:29Speaker 1: you know, we've got to stop blundering into World War three,
- 13:32Speaker 1: and to the extent that we shut down the whole
- 13:34Speaker 1: thing in Ukraine and dial back the thing in the
- 13:38Speaker 1: Middle East, and and make some kind of an agreement
- 13:43Speaker 1: with China so we're not one mistake by a fighter
- 13:47Speaker 1: pilot in the South China Sea away from World War
- 13:49Speaker 1: three over there that gives us the breathing room in
- 13:54Speaker 1: which to fix these other things. So you know, here's
- 13:57Speaker 1: hoping it's it's finally possible to have some optimism about
- 14:03Speaker 1: some of this stuff, which is hugely refreshing after the
- 14:06Speaker 1: past four years.
- 14:07Speaker 3: And I think that the polarization we've been encountered. Whoever
- 14:13Speaker 3: called that, you know, everybody's responsible because you don't listen,
- 14:17Speaker 3: you just speak. I think that polarization now we have
- 14:21Speaker 3: a shot at it anyway fading away. But going back
- 14:24Speaker 3: to the food applies, which to me is elemental of
- 14:29Speaker 3: But I heard Rfka Junior speaking and he was talking
- 14:32Speaker 3: about seed oil, like they invented vegetable oil and short
- 14:38Speaker 3: vegetable shortening. Originally it was invented from lubrication for machinery
- 14:43Speaker 3: before they had petroleumas lubricin, and somebody thought, hey, this
- 14:47Speaker 3: can it worked for the machines, that can really work
- 14:50Speaker 3: for our food. It wasn't any evil intent at the time.
- 14:54Speaker 3: It was ignorant. But seed oil I in satti omega sixes,
- 15:00Speaker 3: which are inflammatory by nature and causes all sorts of
- 15:05Speaker 3: bad things along with all the chemicals. Like Rfka Junior
- 15:09Speaker 3: is talking about fruit needs now, to me, breakfast cereals
- 15:13Speaker 3: are poison. You should never give your kids. You should
- 15:16Speaker 3: never eat one unless you're going to eat steel cut
- 15:19Speaker 3: both feelings. But the fruit loops of the United States
- 15:23Speaker 3: had eighteen ingredients, and the one in Canada had eighteen ingredients,
- 15:30Speaker 3: except that all of the flavorings and all of the
- 15:33Speaker 3: coloring in the Canadian cereal is natural, and all of
- 15:38Speaker 3: those the ingredients and the American fruit loops were chemicals.
- 15:43Speaker 1: Carry it. Okay, right, let me interject, because the New
- 15:46Speaker 1: York Times fact checked Kennedy on this. You saw that, right,
- 15:51Speaker 1: And they came back and said, no, Kennedy's wrong. There's
- 15:53Speaker 1: the same number of ingredients in each of these cereals,
- 15:56Speaker 1: and the only difference is and then they listed the
- 15:58Speaker 1: industrial chemicals that in the US version and that was
- 16:02Speaker 1: their fact check that, oh yeah, it's the same serial
- 16:05Speaker 1: except for these three different patrick chemicals that caused twenty
- 16:08Speaker 1: five different diseases.
- 16:11Speaker 3: Yeah, oh man, you can't make this ship up, John, No, No,
- 16:16Speaker 3: first on the show since I started. But you really
- 16:20Speaker 3: can't make it up. You know that there is no
- 16:24Speaker 3: deep state, right, John, there's no deep state. You just
- 16:27Speaker 3: imagine who killed the Kennedy, who killed Martin Luther King Junior.
- 16:33Speaker 1: Hey, you we might be finding that out. Yeah, yeah, right,
- 16:37Speaker 1: I'd like to know.
- 16:39Speaker 3: But even without knowing, you know that there's a deep
- 16:43Speaker 3: state of the lives and the well and oh, elections
- 16:45Speaker 3: never get stolen, john, Right, But nineteen sixty something happened
- 16:51Speaker 3: kind of funny there and the Dead came out in
- 16:54Speaker 3: record numbers in Chicago and elected Kennedy.
- 16:57Speaker 1: Right, so great, read any biography of LBJ and and
- 17:05Speaker 1: you see what they used to do or what they
- 17:07Speaker 1: still do in different forms. But back then, he you know,
- 17:09Speaker 1: he basically ran Texas, so he would figure out how
- 17:11Speaker 1: many votes each precinct needed to manufacture for him, and
- 17:15Speaker 1: he would let them know, and that's how they won
- 17:17Speaker 1: their elections, you know. And it's the same thing now
- 17:22Speaker 1: except it's it's a little more sophisticated. But there probably
- 17:26Speaker 1: aren't the phone records. But yeah, you know there's still
- 17:28Speaker 1: theft going on out there.
- 17:30Speaker 3: Yeah yeah, so that's a you know, we don't want
- 17:33Speaker 3: to get kicked off here and refer to a to
- 17:36Speaker 3: be labeled as the election deniers that our digital overlords
- 17:42Speaker 3: would like to put But with musk in there X
- 17:47Speaker 3: formerly known as Twitter, it really made such a huge difference.
- 17:51Speaker 3: And the study now is it's evenly divided ideologically between
- 17:56Speaker 3: left and right, virtually identical numbers before that, the left
- 18:00Speaker 3: out number before he took it over, the left out
- 18:03Speaker 3: number the right sixty one to like thirty nine or
- 18:06Speaker 3: sixty eight to thirty two, something like that. Now it's
- 18:10Speaker 3: it reflects the country as a whole. And look at
- 18:14Speaker 3: all these people who believe in freedom and Trump the
- 18:17Speaker 3: fascist were coming out saying that the social you know,
- 18:22Speaker 3: social media platforms, especially Twitter, needs to be regulated.
- 18:26Speaker 1: Right well, and a lot of them are a lot
- 18:29Speaker 1: of those people who used to be on Twitter are
- 18:30Speaker 1: going to I think it's Blue Sky. I think that's
- 18:32Speaker 1: the name of the Twitter competitor that is censored. You know,
- 18:37Speaker 1: that's that's moderated to the point where mainstream people are comfortable.
- 18:43Speaker 1: And there was just a story about that that platform
- 18:45Speaker 1: came out lately that said they are swamped with censorship
- 18:49Speaker 1: requests from their users. So those people show up and
- 18:53Speaker 1: they immediately start demanding that anybody who disagrees with them
- 18:57Speaker 1: be shut down immediately.
- 19:01Speaker 3: So hopefully, uh, the big ones, Google and Facebook now
- 19:07Speaker 3: Mark Zuckerberg uh to a trip down to Mari Lago
- 19:11Speaker 3: to the huddle with Trump. What do you think that
- 19:16Speaker 3: was about.
- 19:16Speaker 1: Well, you know that that is one of the benefits
- 19:19Speaker 1: of having a landslide victory because there's no ambiguity now,
- 19:23Speaker 1: so you know who's in charge for the next four years.
- 19:26Speaker 1: So all these guys are accommodating that new reality. And
- 19:30Speaker 1: what that means for the social media platforms is that
- 19:32Speaker 1: they they have to basically adopt something close to X's
- 19:41Speaker 1: moderation policies, which is to say, not a whole lot
- 19:44Speaker 1: of moderation at all. You know, they're there. They have
- 19:46Speaker 1: to do that because anything else opens them up to
- 19:50Speaker 1: lawsuits that the courts won't be on their side, and
- 19:53Speaker 1: you know, so they know they have to accommodate. And
- 19:55Speaker 1: then the same thing with the leaders of the countries
- 19:59Speaker 1: on our border. Trump hasn't has a conversation with the
- 20:03Speaker 1: president of Mexico, and she seems to agree to close
- 20:07Speaker 1: down the border on her side, you know, and just
- 20:09Speaker 1: stop the the millions of people from coming over. And
- 20:13Speaker 1: then Trudeau from Canada comes down tomorrow a Lago and
- 20:16Speaker 1: talks to Trump and then and agrees to kind of
- 20:19Speaker 1: the same thing. He's going to tighten his border policies.
- 20:21Speaker 1: So that's the kind of thing a landslide victory gets
- 20:25Speaker 1: you because you're you're not a fluke anymore. You are
- 20:28Speaker 1: the new reality. And that's that's what Trump's dealing with.
- 20:31Speaker 1: He must be loving it because you know, as a
- 20:34Speaker 1: deal maker, he probably doesn't find it that easy to
- 20:38Speaker 1: make deals all the time because you know, deals are
- 20:42Speaker 1: with somebody who has bargaining power, and in this case,
- 20:45Speaker 1: he has all the bargaining power, you know, so he
- 20:47Speaker 1: just gets to dictate terms in a lot of cases.
- 20:50Speaker 1: So he must be loving this. I hope it doesn't
- 20:52Speaker 1: make him lazy, though, because he's going to have some
- 20:54Speaker 1: hard negotiation to do out there around the world, and
- 20:59Speaker 1: you know it's gonna be much hard, harder than it
- 21:00Speaker 1: is with Mexico and Canada for sure.
- 21:03Speaker 3: Well, you know, like I say, he seems to be
- 21:07Speaker 3: at this very point unstoppable, and I think we'll get
- 21:11Speaker 3: the people in the cabinet he wants. And one thing
- 21:14Speaker 3: going back, I will give you the perspective of a
- 21:17Speaker 3: recovering attorney who studied the Impoundment Power Act where Congress
- 21:23Speaker 3: I think it was right around mixed in seventy one.
- 21:26Speaker 3: He had prior to that. But if President didn't like
- 21:30Speaker 3: the allocation of what Congress did to a program, he
- 21:33Speaker 3: could just choose not suspend it. That was called impoundment,
- 21:38Speaker 3: and Congress passed the Impoundment Authority Act, which said that
- 21:43Speaker 3: he has to impound it, and then both houses of
- 21:45Speaker 3: Congress have to agree, which of course they never will
- 21:48Speaker 3: because they spent the money in the first place. This
- 21:51Speaker 3: case went to the Supreme Court during Watergate of the
- 21:55Speaker 3: congress ion. But my sources tell me, and I was
- 21:59Speaker 3: talking to somebody handling some of the transition for Trump
- 22:03Speaker 3: is they're going to resurrect the impoundment power and they're
- 22:07Speaker 3: going to take it to the Supreme Court. So if
- 22:09Speaker 3: he doesn't like what they spend money on, like building
- 22:13Speaker 3: the new mansions for Boeing the executive management, he's just
- 22:20Speaker 3: going to choose not to spend the money and then
- 22:22Speaker 3: say to Congress, Well stopped me. And I don't think
- 22:26Speaker 3: of the lead wore a constitutional crisis. But I'm telling
- 22:30Speaker 3: you this is in the game plan. He wanted to
- 22:33Speaker 3: do it last time, but he didn't have an Attorney
- 22:35Speaker 3: general who wasn't trying to sticken a ship between his bridge,
- 22:39Speaker 3: so he couldn't do it, it's going to be.
- 22:43Speaker 1: This Supreme Court has at least three people who would
- 22:45Speaker 1: go along with that in a heartbeat, you know they
- 22:48Speaker 1: I mean they overturned roversus ways. I don't think impoundment
- 22:53Speaker 1: is going to be a high hurdle for them. So yeah,
- 22:55Speaker 1: that that could absolutely happen. And then what the president
- 22:59Speaker 1: has is the equivalent of a line item veto, where
- 23:03Speaker 1: he can go through the budget bills line by line
- 23:06Speaker 1: and decide whether he wants to spend that money or not.
- 23:10Speaker 1: That's a revolution. Although Garry, we got to remember that
- 23:16Speaker 1: seventy five percent of federal spending is I don't want
- 23:20Speaker 1: to say untouchable, but very hard to touch because the
- 23:22Speaker 1: military budget is hard to cut. No, and then social
- 23:27Speaker 1: Security and Medicare are baby boomer priorities. You know, our
- 23:33Speaker 1: generation is just not is not going to take you know,
- 23:36Speaker 1: a thirty percent cut in our Social Security checks or
- 23:39Speaker 1: anything like that. So the efficiency thing has to happen
- 23:43Speaker 1: in how these these programs are administered, not how much
- 23:49Speaker 1: they send us, you know, how much they pay us.
- 23:53Speaker 1: And that really limits how much the a government with
- 23:57Speaker 1: a line item veto can actually cut out his ending.
- 24:00Speaker 1: But there will be a lot you know, even even
- 24:04Speaker 1: with Social Security being untouchable, a lot of stuff can
- 24:09Speaker 1: be cut out of the budget and it'll be hilarious
- 24:11Speaker 1: to watch it, because you know, this this screaming when
- 24:14Speaker 1: when the ng O is out there, like all these
- 24:16Speaker 1: non governmental organizations that get federal subsidies end up being
- 24:21Speaker 1: cut off, like national public, public radio or and what's
- 24:25Speaker 1: the TV version of that? I forget, But anyhow, those
- 24:28Speaker 1: things are going to be defunded in a heartbeat, I
- 24:30Speaker 1: would think, you know, and the the gnashing of teeth
- 24:34Speaker 1: and the tears will be hilarious to watch.
- 24:38Speaker 3: Oh yeah, there's still plenty of ways. Even though I
- 24:42Speaker 3: can't really cut Social Security per se. Uh, social Security
- 24:47Speaker 3: is way more than it started out with the stability
- 24:51Speaker 3: survivors and all that, and it'll have to be reformed.
- 24:56Speaker 3: But for Medicare, if people just stop eating this garbage
- 25:00Speaker 3: in eight whole food, healthy food, eighty percent of that
- 25:04Speaker 3: Medicare bill would disappear because all of your age related
- 25:09Speaker 3: older you know, diseases, type two diabetes, heart disease, all
- 25:16Speaker 3: of it is, the eighty percent of it anyway, is
- 25:20Speaker 3: directly caused by what you eat, by the employ food supply.
- 25:26Speaker 1: So that that's how you run a national healthcare system,
- 25:29Speaker 1: because there's no way to run it in today's world
- 25:31Speaker 1: without going bankrupt. And that's not just the US, it's
- 25:33Speaker 1: every country out there is going bankrupt because of national healthcare.
- 25:37Speaker 1: But if you run it with the main priority being
- 25:42Speaker 1: creating the most healthy population imaginable, then yeah, then it's
- 25:46Speaker 1: then it's way cheaper.
- 25:51Speaker 3: And exercise. So the four pillars of good health, not
- 25:56Speaker 3: that we're a health wellness show here, but number one diet,
- 26:01Speaker 3: So you're eating cold food, and you're eating things that
- 26:03Speaker 3: are not injurious to your health, like sugar and high
- 26:07Speaker 3: proced crotose corn syrup and eighty five other forms of
- 26:11Speaker 3: sugar and preservative and chemicals. And then exercise right, something
- 26:17Speaker 3: that most people don't do anymore. And then you have
- 26:21Speaker 3: sleep and stress management. So those are the four pillars
- 26:25Speaker 3: of good health. And exercise, stress management time to go together.
- 26:30Speaker 3: And it's really a simple matter. I don't know how
- 26:34Speaker 3: long I'm going to live, but I feel like right now,
- 26:37Speaker 3: at this particular moment, I'm probably in better health than
- 26:40Speaker 3: eighty percent for the people of my advanced age. We're
- 26:44Speaker 3: pretty close to the age year. And that doesn't mean
- 26:48Speaker 3: I'm not going to drop dead tomorrow, but it increases
- 26:51Speaker 3: improves my chances of surviving. And so if we had
- 26:56Speaker 3: a national campaign. Just remember John, when you and I
- 26:59Speaker 3: grew up, more than half the people smoked cigarettes, right
- 27:04Speaker 3: and now less than I think it's around ten percent.
- 27:07Speaker 3: Thirteen was the last but that number keeps going down
- 27:10Speaker 3: less than ten percent. That wasn't from laws. Yeah, pactes
- 27:15Speaker 3: were increased on nicotine product. It was education drilling into
- 27:21Speaker 3: your head that smoking is houzard is for your health.
- 27:24Speaker 3: Smoking will coox Hans right, perfect example. Food education. Nutrition
- 27:31Speaker 3: education can yield the same kind of results, only faster
- 27:34Speaker 3: because we're smarter now, we have more access to the
- 27:38Speaker 3: good information and the ability to get fill throughout the band.
- 27:41Speaker 1: And so, yeah, it is totally possible to go from
- 27:46Speaker 1: being the sickest country in the world to one of
- 27:48Speaker 1: the healthiest with just a few tweaks. Like you said,
- 27:50Speaker 1: it doesn't it doesn't have to be this incredibly complicated
- 27:53Speaker 1: thing with huge amounts of science jargon. You know, you
- 27:56Speaker 1: get rid of the fifty worst food out it is,
- 28:00Speaker 1: and then you insist that health insurance focus on prevention,
- 28:05Speaker 1: and you know, because how many times have you been
- 28:07Speaker 1: to the doctor where they said, you know, we're going
- 28:09Speaker 1: to test your microbiome to see if it's optimal. Never
- 28:14Speaker 1: nobody's ever mentioned that to me either, you know, and
- 28:16Speaker 1: they say, well, your your blood pressure is this, we
- 28:19Speaker 1: can give you these statin drugs for you know, your cholesterol,
- 28:22Speaker 1: will give you these other drugs for it. That's modern
- 28:25Speaker 1: medicine right now, and it's you know, it's basically a
- 28:29Speaker 1: business scam run by public health. And well, you know,
- 28:34Speaker 1: you change that and you change everything, you know.
- 28:38Speaker 3: So true. Uh, you know the old joke Take two
- 28:41Speaker 3: and call me in the morning. That's what our medical
- 28:45Speaker 3: system has become. A tilth pushers and big pharma who
- 28:50Speaker 3: pays for all these guys get educated to get their yeah, right,
- 28:56Speaker 3: and then you know, now we of this healthcare crisis.
- 29:02Speaker 3: It is a crisis, and nobody has addressed it as
- 29:05Speaker 3: a crisis.
- 29:06Speaker 1: That's the key, right, Yeah, Well it's not a crisis
- 29:12Speaker 1: if you're making billions of dollars from it. It's it's
- 29:15Speaker 1: a finely tuned market, you know. And that's how that's
- 29:19Speaker 1: how big pharma and big food view the current health system.
- 29:23Speaker 1: They think it's working great, and so you know, you need,
- 29:27Speaker 1: you need a bomb thrower to go into the system
- 29:29Speaker 1: and just blow it up, And there's an outside chance
- 29:33Speaker 1: that that happens in the next couple of years. And
- 29:35Speaker 1: that's that's almost too good to be true. You know
- 29:38Speaker 1: that I'd totally given up on the idea that the
- 29:43Speaker 1: country was ever going to be a healthy country. You know,
- 29:46Speaker 1: you know certain people who are in good shape and everything,
- 29:48Speaker 1: and you know what you should do for yourself, but
- 29:51Speaker 1: can't tell anybody else that stuff. So you know, don't
- 29:54Speaker 1: don't eat process carbohydrates. You know, if you say that
- 29:57Speaker 1: to ninety percent of Americans, they just look at you
- 30:00Speaker 1: you blankly, because first of all, they don't know what
- 30:02Speaker 1: the term is, you know, carbohydrates and process And second
- 30:05Speaker 1: of all, that's eighty percent of their diets. So you know,
- 30:08Speaker 1: if you take away their mountain dew and their their
- 30:10Speaker 1: cookies and stuff like that, they wouldn't have any idea
- 30:14Speaker 1: how to function in the world. So yeah, having that
- 30:17Speaker 1: come from on high, you know, have that be government policy,
- 30:20Speaker 1: and then all of a sudden people start paying attention
- 30:22Speaker 1: to it, so.
- 30:24Speaker 3: A lot of your health issues can be addressed by
- 30:27Speaker 3: fast like I started doing two and three day fab
- 30:32Speaker 3: trying to do one every month, but sometimes it's a
- 30:34Speaker 3: little harder than others. And you know, blood sugar get down,
- 30:39Speaker 3: everything gets better. Use weight and apopagy. That's where your
- 30:44Speaker 3: body starts digesting all the unhealthy proteins sells that have accumulated,
- 30:51Speaker 3: aging to all these things. Anti dementia, that's another thing.
- 30:56Speaker 3: Dimension now is often referred to John as type diabetes,
- 31:01Speaker 3: all right, which means that blood sugar that the brain deteriorate,
- 31:06Speaker 3: and the nerve celt die. So all these things. Well,
- 31:10Speaker 3: we could go on and on about this, but it's
- 31:12Speaker 3: just give me your left one line summary of what
- 31:16Speaker 3: this election meant.
- 31:19Speaker 1: Oh well, it meant a lot of entertainment for libertarians
- 31:24Speaker 1: in the next few years, because this is going to
- 31:25Speaker 1: be hilarious to watch. I mean it's already hilarious, but
- 31:28Speaker 1: it's it's going to get even funnier when they instead
- 31:30Speaker 1: of just talking about stuff, they actually start doing stuff.
- 31:34Speaker 1: And I can't wait for the the video of people
- 31:40Speaker 1: walking out of the FBI headquarters carrying a box with
- 31:43Speaker 1: their all the stuff they had in their offices and oh,
- 31:45Speaker 1: I'm going to Montana now. You know, it's just it's
- 31:49Speaker 1: going to be too good to be true. And you know,
- 31:50Speaker 1: our FK Junior is claiming that he's going to fire
- 31:53Speaker 1: the top four hundred scientists at the FDA if that happens. Again,
- 31:59Speaker 1: let's let's see the guys carrying their effects out in
- 32:02Speaker 1: a box, you know, to go get a real job
- 32:05Speaker 1: in the world where they actually have to produce something
- 32:08Speaker 1: of value. So it's going to be fun. At the
- 32:10Speaker 1: same time, there's going to be at least two assassinations
- 32:14Speaker 1: in the next couple of years, and that's unavoidable just
- 32:18Speaker 1: because the deep state won't go without a fight. So
- 32:20Speaker 1: they're going to fight back with serious weaponry, legal and kinetic,
- 32:26Speaker 1: you know. And so it's not going to be all
- 32:29Speaker 1: fun and games. It's going to be terrifying at different times.
- 32:31Speaker 1: And that's the nature of a revolution, so so be it.
- 32:36Speaker 1: I think the guys who are making it happen understand that,
- 32:40Speaker 1: and they know what they're getting into and.
- 32:43Speaker 3: Think they voluntarily entered into it. So free will. I
- 32:48Speaker 3: love the taste of liberal peers in the morning.
- 32:54Speaker 1: Kerry. One other, well, there's a bunch more to say
- 32:57Speaker 1: about the election, But one other thing that is a
- 32:59Speaker 1: result of that is the bricks movement. Yeah, and Trump
- 33:04Speaker 1: is saying, yeah, you know, if you try to start
- 33:06Speaker 1: a new currency, we'll slap you with one hundred percent tariff.
- 33:09Speaker 1: And I'm not sure that that's the right way to
- 33:13Speaker 1: approach it, because if you if you try to force
- 33:15Speaker 1: people to use your currency, it's not going to make
- 33:19Speaker 1: them want to use it even less. You know, it
- 33:22Speaker 1: seems like if Trump came out and said, well, look,
- 33:25Speaker 1: we've weaponized the dollar, I'm very sorry about that. It
- 33:27Speaker 1: was a huge mistake. From now on, the dollar is
- 33:29Speaker 1: going to be a neutral reserve asset. We will not
- 33:33Speaker 1: kick people out of the Swiss system anymore. We will
- 33:35Speaker 1: not levy sanctions on people. That's not the role of
- 33:39Speaker 1: the manager of the world's reserve currency. I think that
- 33:42Speaker 1: would short circuit the bricks movement. But saying you have
- 33:46Speaker 1: to use our currency or we will attack you, I
- 33:50Speaker 1: don't think that's a good policy. So we'll see. But
- 33:53Speaker 1: it seems like a mistake.
- 33:55Speaker 3: Let's look at what it because he threatened the Mexico
- 33:58Speaker 3: and Canada of twenty five percent to get them feel
- 34:01Speaker 3: the borders, and they're already doing it, or they will
- 34:04Speaker 3: do it imminently. Let's just say that what he really
- 34:07Speaker 3: wants to do what are his goaled make the dollar
- 34:11Speaker 3: in the United States fundamentally sound, right, bring back sound money.
- 34:17Speaker 3: And the only way to do that is to get
- 34:20Speaker 3: those people the bricks to make a treaty with them,
- 34:23Speaker 3: because the bricks on their own are going to break
- 34:25Speaker 3: up because you have India, China, and Russia, and they
- 34:29Speaker 3: have divergent interests, especially China, so that brick thing is
- 34:34Speaker 3: not going to work anyway. But the dollar will get replaced.
- 34:38Speaker 3: But if you can get them to say, all right,
- 34:42Speaker 3: will we will agree to a treaty not to weaponize
- 34:45Speaker 3: the dollar ever again, we will cut down the deficit
- 34:52Speaker 3: to no more than like five percent of GDP. Right,
- 34:56Speaker 3: and you undertake a whole bunch of things, because treaty
- 35:00Speaker 3: are the law of the land. They're up there with statues. Right.
- 35:04Speaker 3: So he does a treaty with these countries and then
- 35:07Speaker 3: shove it down to Congress and through and then Congress
- 35:10Speaker 3: has sports become spending because there's a treaty that they
- 35:15Speaker 3: have to.
- 35:16Speaker 1: Right.
- 35:16Speaker 3: They tried to do this with the International Small Arms
- 35:19Speaker 3: Treaty by banning small arms. The US never signed on
- 35:23Speaker 3: to it, and it seems to have never gone into effect.
- 35:27Speaker 3: It's exactly the same thing. I think got to look
- 35:30Speaker 3: at it strategically that Trump doesn't just do something. He's
- 35:34Speaker 3: got a goal in mind when he did it, and
- 35:36Speaker 3: probably the goal is to not weaponize the dollar again
- 35:40Speaker 3: and to normalize Russia again, to bring them back into
- 35:44Speaker 3: the fold, because that will be part of the deal
- 35:46Speaker 3: that happens when assuming he can settle the Ukraine War,
- 35:52Speaker 3: all of the sanctions against Russia, a pledge to never
- 35:57Speaker 3: and an international treaty never the weaponize it's a currency again,
- 36:01Speaker 3: that I think is the end goal.
- 36:03Speaker 1: Well yeah, okay, but that's what I'm saying, is that
- 36:05Speaker 1: he could go straight there without picking this particular fight,
- 36:08Speaker 1: because by you know, threatening these tariffs, he's just doing
- 36:13Speaker 1: what the government of the US has been doing for
- 36:15Speaker 1: the last several decades that led to the creation of
- 36:19Speaker 1: the bricks. So yeah, if he just did all this
- 36:21Speaker 1: stuff you just said, that would be a better way
- 36:23Speaker 1: of going about it. Just say just saying, look, we're
- 36:27Speaker 1: going to be neutral again. You know, the dollar is
- 36:29Speaker 1: something you can all hold as a reserve asset and
- 36:32Speaker 1: we won't cheat and we won't abuse you. So I
- 36:35Speaker 1: don't think he has to go through the whole you know, start,
- 36:40Speaker 1: you know, making a threat to begin with, and then
- 36:42Speaker 1: negotiating back backwards from That's That's all I'm saying, is
- 36:45Speaker 1: that that'll be counterproductive.
- 36:48Speaker 3: Yeah's just both can bring the sensors Smith to an end.
- 36:52Speaker 3: Even Martin Armstrong is at his conference. He was optimistic,
- 36:56Speaker 3: but he thinks in twenty six, twenty eight, it's going
- 36:59Speaker 3: to be major problems in the world. He doesn't know
- 37:03Speaker 3: what whether it's a dollar or you know, he doesn't
- 37:08Speaker 3: know what the cause is. He can only he can
- 37:11Speaker 3: only say with the system is telling him. And by
- 37:15Speaker 3: the way, John, I'm almost done with my book with
- 37:19Speaker 3: Martin Armstrong. It's entitled The the World according to Martin Armstrong,
- 37:27Speaker 3: My decade long Conversation with the Master forecast going through
- 37:33Speaker 3: every single interview I ever did with Martin, summarizing them
- 37:37Speaker 3: and basically getting a forward from Martin on the book.
- 37:43Speaker 3: And it'll be available, hopefully in the next couple of weeks.
- 37:46Speaker 1: Garry, I can't wait to see that. Let me have
- 37:49Speaker 1: a copy when it's available, and I'll post an excerpt
- 37:52Speaker 1: on substack. Yeah, excellent.
- 37:56Speaker 3: Yeah, you'll be able to get it in Obviously, I'm
- 37:59Speaker 3: not going in an audio book could abtain from audio,
- 38:02Speaker 3: but you'll be able to get it for the kindle
- 38:05Speaker 3: and the paperback and hopefully wherever fine books used to
- 38:10Speaker 3: be sold, including out and Barren the Noble.
- 38:13Speaker 1: All right, good, Well, you know Martin Armstrong is one
- 38:16Speaker 1: of those unique guys who's been outrageous and right for
- 38:21Speaker 1: a really long time. You know, you were talking about
- 38:23Speaker 1: how he back when the dow was at ten thousand,
- 38:25Speaker 1: he was. He was talking about a quadrupling and quintupling
- 38:28Speaker 1: from there. And you know, back in those days, I
- 38:31Speaker 1: was looking for stuff to short. So we know who
- 38:34Speaker 1: is a better forecaster out of the two of us?
- 38:38Speaker 3: Yeah, amazing. And you know I went through a list
- 38:41Speaker 3: of the predictions. Crash of eighty seven he predicted to
- 38:45Speaker 3: this day, the crash of the Ruble in the nineteen
- 38:49Speaker 3: ninety eight, of the crash of the Pound. So many
- 38:53Speaker 3: of these events, the guy has been spot off. So
- 38:56Speaker 3: I don't know how he does it, whether he's using
- 38:58Speaker 3: astrology or he says Socrates his computer system. However he's
- 39:04Speaker 3: doing it, he's got an enviable record that f you
- 39:08Speaker 3: out there for match, So hey, make sure you go
- 39:11Speaker 3: over to John substach Orbino dot substack dot com and
- 39:16Speaker 3: LinkedIn in the show notes. For this interview, we'll just
- 39:20Speaker 3: have to go over to Financial Survival Network dot com.
- 39:23Speaker 3: We'll see the show notes, and while you're there, sign
- 39:26Speaker 3: up for your newsletter. We are up to sixty thousand
- 39:29Speaker 3: subscribers now, John, and we're shooting for one hundred hopefully
- 39:34Speaker 3: by mid twenty twenty five.
- 39:37Speaker 1: All right, well, great talking to you, Carrie. Let's do
- 39:39Speaker 1: it again soon.
- 39:40Speaker 2: Thanks for listening to Carrie Lets's Financial Survival Network. Your
- 39:45Speaker 2: solution to today's trying times. For the latest, go to
- 39:49Speaker 2: Financial Survivalnetwork dot com. Financial Survival Network
- 39:53Speaker 1: Now more than ever,