1 00:00:00,120 --> 00:00:04,480 So this is an issue for me every year because gold has this seasonal pattern 2 00:00:04,599 --> 00:00:09,400 that is, it's not perfect, but it's fairly reliable. Yeah, eighty 3 00:00:09,439 --> 00:00:14,320 plus percent. But every year, because I've known about gold seasonality from let's 4 00:00:14,320 --> 00:00:17,079 say a decade, it's been at least a decade, and every year I 5 00:00:17,160 --> 00:00:20,239 look at the where a share where there should be an inflection point, and 6 00:00:20,239 --> 00:00:24,120 I think, God, yeah, but there's all these big macro things happening, 7 00:00:24,199 --> 00:00:27,480 you know, I think those are more important than gold seasonality, And 8 00:00:27,600 --> 00:00:31,640 most years, gold seasonality turns out to be true. You're listening to Carrie 9 00:00:31,719 --> 00:00:37,399 Let's Financial Survival Network, where you get valuable information you just can't find anywhere 10 00:00:37,439 --> 00:00:43,640 else to thrive in today's trying times. You need the Financial Survival Network now 11 00:00:43,840 --> 00:00:48,240 more than ever. Go to Financial Survival and Network dot com and get your 12 00:00:48,320 --> 00:00:59,200 free newsletter in gift Financial Survival Network now more than ever, and welcome you 13 00:00:59,240 --> 00:01:03,560 are listening to watching the Financial Survival Network. It's time where our biweekly meet 14 00:01:03,640 --> 00:01:10,200 up with John Robino. Find him at Robino dot substack dot com. Make 15 00:01:10,239 --> 00:01:15,239 sure you send any comments to me kl at Kerrlutz dot com. H Well, 16 00:01:15,439 --> 00:01:19,120 I don't know if you caught it, John, But American Airlines, 17 00:01:19,599 --> 00:01:23,840 all of the flight attendants we used to call them stewardesses in a less politically 18 00:01:23,879 --> 00:01:30,640 correct era, all of them have voted ninety nine point four percent voted to 19 00:01:30,680 --> 00:01:37,000 authorize a strike, and they want a third increase I think twenty six percent 20 00:01:37,079 --> 00:01:42,359 or thirty percent payroll increase, and a whole bunch of other stuff. And 21 00:01:42,400 --> 00:01:47,560 then you've got an article here about the Autoworkers Union there. I can't UAW 22 00:01:48,400 --> 00:01:53,400 is authorizing a strike against the Big three and sounds like we might have some 23 00:01:53,480 --> 00:01:59,000 inflation coming here. Huh yeah. And it's the kind of inflation that the 24 00:01:59,079 --> 00:02:01,959 fan thinks is real inflation. Unlike stock sponds and real estate going up. 25 00:02:02,319 --> 00:02:07,520 They think wage inflation is a real thing and that scares them. And basically, 26 00:02:08,120 --> 00:02:13,240 unions have gotten their power back, which you know, in most of 27 00:02:13,280 --> 00:02:17,240 our adult lifetimes unions were meaningless. Private sector unions anyhow, public sector unions 28 00:02:17,240 --> 00:02:23,199 have gotten more powerful, but private sector unions have been broken by globalization, 29 00:02:24,000 --> 00:02:30,039 and now that we're trying to bring everything back home, the unions are figuring 30 00:02:30,080 --> 00:02:35,960 out that they can they can strike for higher wages and get serious settlements. 31 00:02:36,000 --> 00:02:40,000 Because the pilots have already gotten there's United and American Airline was Yeah, forty 32 00:02:40,039 --> 00:02:46,120 percent over four years, forty some percent over four years, plus pension increases 33 00:02:46,159 --> 00:02:52,479 and things like that benefits. And I think it was the you and I 34 00:02:52,560 --> 00:02:57,080 that we're talking about the UPS drivers. How I had to ask you if 35 00:02:57,080 --> 00:03:01,280 that was a real number, because UPS drivers, at least some of them 36 00:03:01,439 --> 00:03:06,520 now, yeah, get one hundred and seventy thousand dollars a year. Oh 37 00:03:06,560 --> 00:03:09,400 no, that's true. They're always I paid. You know, they're getting 38 00:03:09,439 --> 00:03:15,759 paid more now than the mail carriers. Yeah. Yeah, So so you 39 00:03:15,800 --> 00:03:19,800 know, these guys who are living are delivering our packages are now in the 40 00:03:19,800 --> 00:03:23,199 top like five percent burgers in the country. They're making more money than most 41 00:03:23,240 --> 00:03:29,840 of the people that they deliver packages too. And now it's working its way 42 00:03:29,879 --> 00:03:31,800 down. It was the pilots before, and now it's the flight attendants, 43 00:03:32,520 --> 00:03:39,599 and it's going to be basically everybody else who who has any kind of union 44 00:03:39,680 --> 00:03:43,240 representation at all. They're going to be talking about striking. Well, they 45 00:03:43,280 --> 00:03:46,840 the UAW, you know, the United Auto Workers are striking or intending to 46 00:03:46,919 --> 00:03:52,680 strike, and it looks kind of inevitable in the next two weeks and that 47 00:03:52,719 --> 00:03:57,840 means they'll end up with what seemed to us to be a very big number 48 00:03:59,439 --> 00:04:02,039 increase in pay. So, yeah, this is a big change. And 49 00:04:02,719 --> 00:04:09,120 you know who's not going to strike the Tesla because they're not union. They're 50 00:04:09,199 --> 00:04:14,919 non union because one of the reasons why is that for when the unions come 51 00:04:14,960 --> 00:04:19,720 in, you can't get stock options if you're a factory worker. Only the 52 00:04:19,879 --> 00:04:28,920 big management non unionized. They don't want their employee sharing in the ultimate financial 53 00:04:29,000 --> 00:04:33,759 success of their of their host company. And you know, to some extent, 54 00:04:33,959 --> 00:04:40,920 unions in this day and age are really parasitic creations. It is that 55 00:04:41,040 --> 00:04:48,000 really why they they won't allow stock options? Who won't allow the new aw 56 00:04:49,040 --> 00:04:54,480 If Tesla's employees were to vote to join the union, they would not be 57 00:04:54,560 --> 00:04:58,160 able to get stock options. And many of those people working on the floors 58 00:04:58,199 --> 00:05:02,160 of Tesla, the ones that have been since the beginning, are multi multi 59 00:05:02,199 --> 00:05:06,160 millionaires as a result of their stock options. Yeah, well see, you 60 00:05:06,279 --> 00:05:10,959 think everybody would would make that part of their bargaining. You would want stock 61 00:05:11,000 --> 00:05:15,639 options in the company that you work for. And and you know everybody wins 62 00:05:15,720 --> 00:05:18,439 when that happens, because if the if the workers have a stake in the 63 00:05:18,480 --> 00:05:25,319 success of the company. Then they're they're probably going to moderate some of their 64 00:05:25,360 --> 00:05:30,399 demands because that's going to hurt earnings, which hurts their their options. And 65 00:05:30,639 --> 00:05:33,560 that's the union rational for not wanting options. But god, you know you 66 00:05:33,839 --> 00:05:38,360 should, if you're a big company, you should. You should be handing 67 00:05:38,399 --> 00:05:43,360 out stock options like Halloween candy to the people that work there. Is that 68 00:05:43,439 --> 00:05:48,000 puts them all on the same page with management in a good way, you 69 00:05:48,040 --> 00:05:57,360 know, not in a self destructive way. So anyhow, you know where 70 00:05:57,399 --> 00:06:02,439 they don't want it. They don't want the workers loyalties divided. Like, 71 00:06:02,759 --> 00:06:06,480 hey, if we go on strike, my stock options will be worth twenty 72 00:06:06,519 --> 00:06:12,360 percent less. They're only going to give me five thousand dollars a year more, 73 00:06:13,040 --> 00:06:16,519 but my stock options might be worth one hundred fifty thousand, so I'll 74 00:06:16,600 --> 00:06:21,439 lose thirty thousand dollars if we go on strike. Maybe that's not such a 75 00:06:21,439 --> 00:06:26,800 good idea, and then the unions lose their power. That's the theory. 76 00:06:27,279 --> 00:06:30,439 The reality I think would be a bit different. But nonetheless, the policy 77 00:06:30,600 --> 00:06:40,920 is no stock options for the factory workers in most of these big auto entities. 78 00:06:40,959 --> 00:06:44,120 So all right, well, then they'll just demand really big raises that 79 00:06:44,360 --> 00:06:46,839 standing around, and so they'll you know. But anyhow, the point of 80 00:06:46,879 --> 00:06:51,199 this is that this is wage inflation, which is looking very real here and 81 00:06:51,240 --> 00:06:56,879 which will spook the Fed into staying tighter for longer because they're they're gonna have 82 00:06:56,959 --> 00:07:00,000 to try and choke that off. Eight. You can't have workers making fifteen 83 00:07:00,120 --> 00:07:04,199 present war every year. That's bad for the country, even if it's winning 84 00:07:04,319 --> 00:07:10,639 them. Hey yeah, So the speaking of interest rates, Bank of Japan, 85 00:07:11,360 --> 00:07:15,439 you think they can afford to let their interest rates float. Well, 86 00:07:15,480 --> 00:07:21,279 they just had a Bank of Japan official making kind of hawkish statements just lately 87 00:07:21,399 --> 00:07:28,879 here about doing away with the negative interest rates at the short end of the 88 00:07:29,000 --> 00:07:34,120 yield curve and letting interest rates generally rise. And today the ten year the 89 00:07:34,199 --> 00:07:39,839 yield and ten year Japanese government bond went up to set point seven percent now, 90 00:07:39,879 --> 00:07:43,920 which it used to be negative, and now it's up to point seven 91 00:07:43,959 --> 00:07:47,600 percent. That's still incredibly low by our standards, but for a country with 92 00:07:47,680 --> 00:07:54,959 the debt that Japan is carrying, it's already starting to become a budget line 93 00:07:55,000 --> 00:07:58,199 problem for the government. In other words, their interest costs they're starting to 94 00:08:00,040 --> 00:08:03,600 eyes to the point where it's becoming painful. And if they let rates keep 95 00:08:03,639 --> 00:08:05,759 going up, the pain is going to increase. You know, if you 96 00:08:05,879 --> 00:08:11,560 have a you have three government data that is three hundred percent of GDP, 97 00:08:11,720 --> 00:08:16,839 which Japan is headed that way fast, and the average interest rate goes just 98 00:08:16,959 --> 00:08:20,600 one percent, that's three percent of GDP just going out, you know, 99 00:08:20,639 --> 00:08:26,240 in terms of interest, and that's you know, bordering on unsustainable. That's 100 00:08:26,279 --> 00:08:30,720 the kind of thing that will blow up your currency. So Japan is kind 101 00:08:30,720 --> 00:08:35,480 of blazing that trail. But most of the rest of the big few currency 102 00:08:35,519 --> 00:08:37,039 countries are headed that way fast too, because we're you know, in the 103 00:08:37,120 --> 00:08:43,399 US, are our interest cost exceeds at earlion dollars a year now and here 104 00:08:43,399 --> 00:08:48,159 a trillion there. Yeah, considering that if we have a twenty four trillion 105 00:08:48,200 --> 00:08:54,039 dollar economy, that's nearly five percent of the GDP, four percent, four 106 00:08:54,039 --> 00:08:58,879 and a half percent of GDP that goes just to interest. Thanks like that, 107 00:08:58,120 --> 00:09:05,879 right, bank, well in banks don't like those higher interest rates, 108 00:09:05,039 --> 00:09:09,200 or at least a lot of banks don't because they have big bond portfolios and 109 00:09:09,919 --> 00:09:16,000 that lowers the price of the bonds on their books, which forces them to 110 00:09:16,120 --> 00:09:20,080 report you know, some kind of a loss, even if it's just a 111 00:09:20,159 --> 00:09:26,759 paper loss, and that spooks the depositors and leads to bank runs. So 112 00:09:26,799 --> 00:09:31,120 that's the kind of thing that we're looking at now. As interest rates go 113 00:09:31,240 --> 00:09:39,360 up in the US, these less than well reported losses on bank balance sheets 114 00:09:39,559 --> 00:09:45,120 get bigger and bigger. And if a bank has to raise cash to pay 115 00:09:45,159 --> 00:09:50,159 off depositor outflows by selling its bonds, then those paper losses become real losses 116 00:09:50,200 --> 00:09:56,519 and they have to report actual negative earnings for a quarter or for a year 117 00:09:56,600 --> 00:10:01,559 or whatever. In that that accelerates the out low of deposits and so on, 118 00:10:01,639 --> 00:10:05,600 and so we get a bank round and the bank crashes. So there 119 00:10:05,600 --> 00:10:09,200 are hundreds of if not thousands, of banks in the US that are in 120 00:10:09,200 --> 00:10:13,960 that position right now, and that's a very big deal if it if it 121 00:10:13,000 --> 00:10:20,639 gets going. We stopped the leading with the Silicon Valley bank crisis, but 122 00:10:20,879 --> 00:10:24,159 there's a lot of other banks in that same position. So yeah, higher 123 00:10:24,200 --> 00:10:31,279 interest rates are good for savers and good for retirees, and bad for everybody 124 00:10:31,320 --> 00:10:35,559 else in the country who depends on cheap debt in order to do what they're 125 00:10:35,559 --> 00:10:39,720 doing. And that's the majority now. So higher interest rates are a bad 126 00:10:39,759 --> 00:10:46,240 thing from the standpoint of economic growth, the government finances and financial stability. 127 00:10:46,840 --> 00:10:52,080 But they're not going away. It looks like because of wage increases and because 128 00:10:52,080 --> 00:10:56,639 of energy, cause you know oil is way up now too, which is 129 00:10:56,639 --> 00:11:03,799 a very inflationary thing. So the inflation that that's well, that's inflation that 130 00:11:03,840 --> 00:11:07,480 spreads everywhere. Well so do wages though I mean core yeah, but or 131 00:11:07,480 --> 00:11:11,919 though according to the Settle Reserve energy. But right now as we're talking, 132 00:11:13,000 --> 00:11:18,039 and it's nine to eleven crude oils at eighty seven bucks a barrel, which 133 00:11:18,120 --> 00:11:22,279 is at the near highs for the year. See that's you know, the 134 00:11:22,840 --> 00:11:28,600 people need to understand that the inflation numbers are fake because of fad emphasis. 135 00:11:28,679 --> 00:11:33,159 You know, they don't consider stock bond and real estate increases inflation at all. 136 00:11:33,799 --> 00:11:39,080 And like you said, they don't include energy in the core inflation number 137 00:11:39,120 --> 00:11:43,080 that everybody thinks is the real number. So they're leaving out an awful lot 138 00:11:43,120 --> 00:11:48,799 of important stuff in a way that makes inflation look less severe than it is. 139 00:11:48,159 --> 00:11:52,919 So now, okay, having said all that, pretty pretty good chance 140 00:11:52,960 --> 00:11:58,440 we're in inflation in another six months, in any event, because so many 141 00:11:58,519 --> 00:12:01,840 things, so many indicators or pointing towards a very nasty recession. In twenty 142 00:12:01,919 --> 00:12:07,200 twenty four, this thing could just flip on its head, where now we're 143 00:12:07,200 --> 00:12:11,279 worried about a certain certain kind of boomy kinds of things, you know, 144 00:12:11,559 --> 00:12:16,159 wages going up too fast, inflation accelerating pretty soon, we'll be worried about 145 00:12:16,240 --> 00:12:22,720 the the inverse of that, with real deflation pretty soon. And what that'll 146 00:12:22,720 --> 00:12:28,639 take is crisis in the real estate market, equities, bear market, and 147 00:12:28,799 --> 00:12:35,879 a bunch of layoffs in the affected country companies, and then maybe plunging commodity 148 00:12:35,919 --> 00:12:37,600 prices because of all of that. That's that could be a twenty twenty four 149 00:12:37,879 --> 00:12:43,399 story, and it could be you know that we will be having completely different 150 00:12:43,440 --> 00:12:48,000 conversations in another six or nine months. So this is a crazy world, 151 00:12:48,919 --> 00:12:54,600 nothing like what's happening in China here. So, yeah, so you've got 152 00:12:54,639 --> 00:12:58,960 an issue here. Will gold's seasonality matter this time? What do you think, 153 00:13:00,120 --> 00:13:03,360 king here? Well, so this is an issue for me every year 154 00:13:03,519 --> 00:13:07,399 because gold has this seasonal pattern, that is, it's not perfect, but 155 00:13:07,440 --> 00:13:13,000 it's fairly reliable. Yeah, eighty percent. But every year, because I've 156 00:13:13,039 --> 00:13:16,799 known about gold seasonality from let's say a decade, it's been at least a 157 00:13:16,799 --> 00:13:20,639 decade, and every year I look at the where share where there should be 158 00:13:20,679 --> 00:13:22,840 an inflection point, and I think, God, yeah, but there's all 159 00:13:22,840 --> 00:13:26,000 these big macro things happening, you know, I think those are more important 160 00:13:26,200 --> 00:13:31,720 than gold seasonality. And most years, gold seasonality turns out to be true, 161 00:13:31,360 --> 00:13:35,039 meaning all I had to do was act on that one way or the 162 00:13:35,080 --> 00:13:39,799 other, buy or sell and you know, or buyer go short, and 163 00:13:39,879 --> 00:13:43,759 it would have been a really profitable trade. But it's really hard psychologically to 164 00:13:43,840 --> 00:13:50,039 look beyond the big macro things and accept that gold seasonality is a real thing. 165 00:13:50,120 --> 00:13:54,559 So will it be a real thing again this year? And let's say 166 00:13:54,600 --> 00:14:00,840 that it will be that that's completely possible, and it means that right now 167 00:14:00,919 --> 00:14:03,960 is a good time to be grabbing for more gold and silver or the mining 168 00:14:03,000 --> 00:14:11,919 stocks or whatever, because normally there's a nice run from September through January and 169 00:14:11,960 --> 00:14:16,159 maybe February. That's how the historical seasonality works. So if somebody wants to 170 00:14:16,159 --> 00:14:20,919 take a chance on it, they're they're, you know, on the calendar, 171 00:14:20,039 --> 00:14:26,200 they're at a pretty good entry point or a long trade in gold and 172 00:14:26,200 --> 00:14:31,519 silver. So so let's see, you know, we'll revisit this maybe in 173 00:14:31,600 --> 00:14:35,080 January and see if it worked out. And just as a point of information, 174 00:14:35,799 --> 00:14:41,919 in twenty twenty two two three, gold was up twenty two percent in 175 00:14:41,960 --> 00:14:48,000 that quarter alone. So it's about eight out of ten times. Problem as 176 00:14:48,080 --> 00:14:50,879 you never know when it's going to be that two times out of ten that 177 00:14:52,000 --> 00:14:56,559 it doesn't happen, but it really is an established trend kind of like what 178 00:14:58,000 --> 00:15:05,679 happened or still happens times when gold goes down, right when nonfarm payroll numbers 179 00:15:05,840 --> 00:15:11,440 or released. It's the funny coincidence, It just happens, right. There 180 00:15:11,480 --> 00:15:15,919 are a lot of things, lots of things happen in the gold market that 181 00:15:15,960 --> 00:15:20,440 are haha, funny coincidences, you know, like how gold's price will tank 182 00:15:20,919 --> 00:15:26,000 at four o'clock in the morning, which is the finnest point in the twenty 183 00:15:26,000 --> 00:15:33,919 four hour trading day, when the fewest traders are paying attention. Somebody comes 184 00:15:33,960 --> 00:15:37,639 in and wants to dump a bunch of futures contracts. Well, dumping, 185 00:15:37,799 --> 00:15:41,279 you know, selling a bunch of stuff at the thinnest point of the market 186 00:15:41,519 --> 00:15:45,639 is the exact wrong way to get a good price for it, right, 187 00:15:46,360 --> 00:15:50,000 So that's probably not their not their objective. They're not trying to get the 188 00:15:50,039 --> 00:15:54,480 highest price. They're trying to smack gold down, and you know, nobody 189 00:15:54,480 --> 00:15:58,039 goes to jail for this, but it does seem like a form of fraud 190 00:15:58,559 --> 00:16:02,679 if there's a government doing it or a big bank doing it or something like 191 00:16:02,720 --> 00:16:07,000 that, because basically, what they're trying to do is take the sales out 192 00:16:07,039 --> 00:16:11,120 of bulls in that market. In other words, people who are just optimistic 193 00:16:11,159 --> 00:16:14,639 about the price of gold and want to keep buying and tell everybody else to 194 00:16:14,679 --> 00:16:18,600 do it. You smack gold down by twenty or thirty dollars announced at four 195 00:16:18,639 --> 00:16:22,559 o'clock in the morning, and then it opens way down the next day, 196 00:16:22,639 --> 00:16:29,399 and that moderates the animal spirits in that market. And I think that's an 197 00:16:29,399 --> 00:16:32,639 objective of governments around the world. They don't want gold to be rocking, 198 00:16:33,519 --> 00:16:37,320 because that's the exact same thing as saying that their currencies are tanking. This 199 00:16:37,480 --> 00:16:42,600 gold is a competing form of money, so you want gold movements to be 200 00:16:42,759 --> 00:16:48,720 smoothed out and buy us towards the downside as much as possible. And you 201 00:16:48,759 --> 00:16:52,519 know, a lot of trading activity and gold kind of looks like somebody's trying 202 00:16:52,519 --> 00:16:56,879 to make that happen. Certainly does. I don't know who would do such 203 00:16:56,919 --> 00:17:00,679 a thing, but it certainly does. Hey, so we got one here 204 00:17:02,240 --> 00:17:08,759 about offshore wind farms are killing whales. I mean, hey, it's like 205 00:17:08,799 --> 00:17:12,880 we spent the past twenty thirty years trying to bring these whales back from near 206 00:17:14,000 --> 00:17:18,400 extinction and now they want to kill them off again. What is that about? 207 00:17:18,920 --> 00:17:25,119 See, this falls under the shrinking trust horizon category where the number of 208 00:17:25,400 --> 00:17:30,640 institutions that we think are trustworthy is shrinking so dramatically. And you know, 209 00:17:30,680 --> 00:17:36,119 it used to be that the environmentalists were They might have been misguided, but 210 00:17:36,240 --> 00:17:41,319 they were well intentioned, right, And that includes the guys building solar farms 211 00:17:41,440 --> 00:17:45,240 and and wind farms and offshore wind farms and things like that. But apparently 212 00:17:45,440 --> 00:17:52,279 this is from Michael Shellenberger, who has a substat called public News. Apparently, 213 00:17:53,640 --> 00:17:59,000 we were building lots of wind farms off the east coast of the US. 214 00:17:59,119 --> 00:18:02,440 And part of the that is that, you know, it's windy out 215 00:18:02,440 --> 00:18:06,119 there, so it's free energy. Part of it is that nobody wants wind 216 00:18:06,160 --> 00:18:12,240 farms on their farms or in their neighborhoods or anywhere that they can see them, 217 00:18:12,279 --> 00:18:18,000 because it's it's noisy, it's it's disturbing to look at. Yeah. 218 00:18:18,079 --> 00:18:19,880 Yeah, So so we put them off shore. I think that's a good 219 00:18:19,880 --> 00:18:23,880 solution because it doesn't doesn't take up any geographic footprint. It's not taking up 220 00:18:23,880 --> 00:18:30,440 any not in anybody's backyard. The ocean that is nobody's backyard. But it 221 00:18:30,480 --> 00:18:36,039 turns out you make so much noise when you're putting in wind turbines. You 222 00:18:36,079 --> 00:18:41,240 know, you've got to rill down into the into the floor of the ocean 223 00:18:41,359 --> 00:18:49,119 to make you Yeah, and that is pusing a huge uptick in the number 224 00:18:49,160 --> 00:18:56,200 of dead whales they're finding on the East coast beaches and it's threatening to it's 225 00:18:56,200 --> 00:19:04,519 threatening to cause the or push the right whale species to extinction. And the 226 00:19:04,519 --> 00:19:08,559 government is lying about the amount of noise, for instance, that they're making 227 00:19:08,599 --> 00:19:11,640 with all the shipping and all the pile drivers and stuff like that. And 228 00:19:12,039 --> 00:19:18,599 there's a a documentary that just came out where they actually went into the water 229 00:19:18,759 --> 00:19:23,359 with sensitive acoustic gear and the noise that they pick up is just astounding. 230 00:19:23,400 --> 00:19:29,039 No no whale that's trying to echo locate, we'll be able to echolocate in 231 00:19:29,160 --> 00:19:32,599 that And that the government has been lying about it, so you know, 232 00:19:32,720 --> 00:19:36,599 would think such a thing. Well, you know, you you would have. 233 00:19:37,119 --> 00:19:41,319 I would have thought that the environmental guys were at least honest people, 234 00:19:41,400 --> 00:19:45,440 even if they didn't always get the science right. And now here we go 235 00:19:45,599 --> 00:19:52,440 it's just oh and the mainstream media, it's the government line. They say, 236 00:19:52,440 --> 00:19:56,119 oh, no government scientists have investigated this, and and there's no otherwise, 237 00:19:56,240 --> 00:20:00,519 you know, there's nothing to see or here here in And they were 238 00:20:00,559 --> 00:20:03,079 lying too, So we're you know, we're talking in the New York Times 239 00:20:03,119 --> 00:20:10,759 and the Guardian and that level of mainstream media lying at the best. Yeah, 240 00:20:10,799 --> 00:20:15,319 well you just about can't. And that's until I got the solution. 241 00:20:15,960 --> 00:20:22,680 I got the solution. Get them earplugs and GPS and they'll find their way, 242 00:20:22,839 --> 00:20:25,160 right. Yeah, whales are smart. They should be able to figure 243 00:20:25,200 --> 00:20:29,039 out GPS. Right. But you know, the important point in all this, 244 00:20:29,200 --> 00:20:33,839 well there's a political point and a financial point, is that that the 245 00:20:33,119 --> 00:20:38,759 fewer people we trust out there, the more we tend to bring our trust 246 00:20:38,799 --> 00:20:45,279 horizon back home to two people we can see, farmers whose food we can 247 00:20:45,319 --> 00:20:48,880 actually buy directly, and politicians who we can shake hands with and who we've 248 00:20:48,960 --> 00:20:52,240 known for years, and people like that, and we don't trust anybody else 249 00:20:52,480 --> 00:20:59,720 anywhere beyond that, And of course, since money is managed very distantly by 250 00:20:59,720 --> 00:21:03,599 big institutions, one we stopped trusting all the other institutions, we of course 251 00:21:03,599 --> 00:21:07,279 stopped trusting the guys who run our money, and that brings us one step 252 00:21:07,359 --> 00:21:15,039 closer to that gigantic financial crisis slash currency reset that we keep thinking is imminent 253 00:21:15,480 --> 00:21:18,039 and hasn't been so far, but maybe pretty soon, because you know, 254 00:21:18,160 --> 00:21:22,000 you just don't trust anybody, and whatever the government tells you about your money 255 00:21:22,160 --> 00:21:26,480 is going to be seen as a lie, right, and you're going to 256 00:21:26,519 --> 00:21:30,920 act accordingly. So we're headed for that day as we kick more and more 257 00:21:32,000 --> 00:21:34,920 institutions off the list of the people who we can trust. And you know, 258 00:21:34,960 --> 00:21:38,200 the FBI is long gone, the CIA was never really on the list, 259 00:21:38,359 --> 00:21:45,640 except unless you're Rachel Maddow or somebody like that, or what's his name, 260 00:21:45,680 --> 00:21:48,440 Anderson Cooper, who just happened to work as an analyst for the CIA, 261 00:21:48,559 --> 00:21:52,960 Right, Yeah, so he knows they're honest because he used to work 262 00:21:52,000 --> 00:21:56,759 there. But yeah, the mainstream corporate media is still captured by these big 263 00:21:56,799 --> 00:22:02,039 institutions, but more and more people are starting to figure out that the big 264 00:22:02,160 --> 00:22:08,000 media conglomerates are actually just other institutions that should never be trusted. And that's 265 00:22:08,160 --> 00:22:15,799 that's why the princess cable news networks are losing viewers in such a dramatic rate. 266 00:22:15,839 --> 00:22:22,079 They're shrinking relative to Joe Rogan and to Russell Brand and then you know 267 00:22:22,160 --> 00:22:27,319 the other big podcasters out there like you. You know that people are shifting 268 00:22:27,359 --> 00:22:33,440 their points and to substack. You know, people are canceling their New York 269 00:22:33,480 --> 00:22:40,039 Times subscription and then subscribing to ten substack writers or whatever on something that they 270 00:22:40,079 --> 00:22:44,720 get a lot more. Hopefully Robino dot substack dot com is one of them 271 00:22:44,759 --> 00:22:49,160 that they're canceling in favor of. But I would love to show up on 272 00:22:49,200 --> 00:22:56,039 that list people. But New York Times is losing out to Let's not forget 273 00:22:56,160 --> 00:23:03,200 that one of the main reasons for building those farms offshore, besides while the 274 00:23:03,440 --> 00:23:08,799 avoiding the NIMBI people, is the tax credits. So basically the government is 275 00:23:08,839 --> 00:23:15,640 paying to kill wales, right. That is basically the follow the money solution 276 00:23:15,720 --> 00:23:18,319 to all this is yeah, because that's where the money comes from, comes 277 00:23:18,319 --> 00:23:26,000 from the government that, by the way, is being paid off via campaign 278 00:23:26,039 --> 00:23:32,039 contributions by the wind industry, so it's a circular flow of money. The 279 00:23:32,799 --> 00:23:37,279 wind industry buys a bunch of politicians who allocate a bunch of taxpayer money to 280 00:23:37,400 --> 00:23:41,359 the wind industry. And since you know, the wind industry might pay a 281 00:23:41,400 --> 00:23:45,000 few million dollars to buy politicians, but they get back billions of dollars, 282 00:23:45,000 --> 00:23:49,880 So it's a really good invest ROI. Yeah, great, great roli. 283 00:23:51,079 --> 00:23:53,680 And it comes at our expense basically, or it comes at the expense of 284 00:23:53,720 --> 00:23:57,880 people who trust the Fed to maintain the value of the dollar because basically, 285 00:23:59,400 --> 00:24:02,519 yeah, because basically that money comes from inflation. It's just printed out. 286 00:24:02,519 --> 00:24:07,319 If in air makes the money less valuable, and it hurts the people who 287 00:24:07,319 --> 00:24:11,400 have big dollar bank accounts and money under the mattress and things like that, 288 00:24:11,519 --> 00:24:18,359 and own government bond funds. So basically the government is taking from them, 289 00:24:18,759 --> 00:24:22,279 getting to the wind industry and to many many other industries. You know, 290 00:24:22,359 --> 00:24:25,799 the defense contractors, the big banks, et cetera, et cetera, who 291 00:24:25,880 --> 00:24:33,599 took around and finance the politicians campaigns. So in effect, it's basically regular 292 00:24:33,640 --> 00:24:38,799 people financing the political campaigns of people who are impoverishing. You know, it's 293 00:24:40,680 --> 00:24:45,079 a system that historians once they untangle it all are not going to be kind 294 00:24:45,200 --> 00:24:48,119 to later on. Right now, it's working beautifully for the guys who are 295 00:24:48,200 --> 00:24:52,319 profiting from it. All. Right, So we didn't have this on the 296 00:24:52,359 --> 00:24:56,039 list, but it got to bring it up because I know you saw it 297 00:24:56,599 --> 00:24:59,720 and it's good for a couple of laughs, but when you think about it 298 00:24:59,759 --> 00:25:06,480 more, it's not. Finally, the obesity epidemic is paying huge dividends to 299 00:25:06,599 --> 00:25:12,640 big pharma because they're coming up with cures for what government policies like the Food 300 00:25:12,680 --> 00:25:19,400 Pyramid caused in the first place by taking fat out of food and encouraging you 301 00:25:19,599 --> 00:25:29,680 to consume refined, refined carbohydrates and processed foods, which is directly attributable to 302 00:25:29,720 --> 00:25:36,720 the obesity epidemic. Now, companies like Eli Lilly up six hundred percent since 303 00:25:36,799 --> 00:25:47,200 twenty twenty on the strength of their drug Wagovi and Novartis has a market cap 304 00:25:47,240 --> 00:25:52,920 over four hundred billion dollars thanks to Ozepic. And then the theme song on 305 00:25:53,000 --> 00:26:00,359 the ads for ozepic is going back to I think it was Orleans and their 306 00:26:00,519 --> 00:26:06,359 hit song from the eighties or nineties. It's magic and they're just creating money 307 00:26:06,359 --> 00:26:10,119 out of thin air. It's magical. What's happening here? John and all 308 00:26:10,160 --> 00:26:15,559 the other pharmacy companies are rushing to get in on this obesity gold rush. 309 00:26:15,640 --> 00:26:19,039 Well, it is magic for those guys, in the sense that a perpetual 310 00:26:19,119 --> 00:26:25,000 motion machine is magic. You create a lot of lifestyle diseases, which are 311 00:26:25,000 --> 00:26:30,599 basically chronic diseases that never go away. Then instead of insisting that people adopt 312 00:26:30,599 --> 00:26:37,079 better lifestyles, you hand them pills or injections that manage the symptoms of the 313 00:26:37,200 --> 00:26:41,240 lifestyle diseases that you cause. If you're a big right or big food and 314 00:26:41,799 --> 00:26:47,720 yeah, and it's it goes on forever. I mean obesity. You get 315 00:26:47,759 --> 00:26:49,920 a you know, a twelve year old to make up, make a twelve 316 00:26:51,000 --> 00:26:56,119 year old obese. They will be obese for a lifetime because they're they're too 317 00:26:56,160 --> 00:27:00,839 fat to exercise and they're the minds don't work right well enough for them to 318 00:27:00,880 --> 00:27:04,799 actually understand nutrition. So you got them for lifetime. It's it's the same 319 00:27:04,839 --> 00:27:08,400 formula that was used with smoking, where you you know, you get a 320 00:27:08,480 --> 00:27:14,279 nineteen year old hooked on cigarettes and they never get off, and they smoke 321 00:27:14,359 --> 00:27:18,039 and smoke and smoke until they get lung cancer. And then a different part 322 00:27:18,160 --> 00:27:22,279 of big pharma. It makes money treat treating the lung cancer until the guy 323 00:27:22,559 --> 00:27:26,200 you know, it just goes on and on. So it's it's a gold 324 00:27:26,240 --> 00:27:30,720 mine for everybody concerned except regular people. Yeah, by no business model. 325 00:27:32,279 --> 00:27:37,400 That's white a business model, and it's a great business model. You know, 326 00:27:37,519 --> 00:27:41,400 to the most profitable department of every hospital out there, jaw do you 327 00:27:41,400 --> 00:27:45,839 know the most web serveth Let me guess, I would say the cancer right, 328 00:27:45,279 --> 00:27:51,720 chemotherapy inmotherapy, Yeah, it gas not much labor involved, high margin 329 00:27:51,920 --> 00:27:56,319 item, and it doesn't work, so they have to keep Yeah, well 330 00:27:56,920 --> 00:28:02,079 we know it doesn't work. It might work, and some people are cured 331 00:28:02,960 --> 00:28:08,279 or effectively treated by chemotherapy, but invariably at a large number of cases that 332 00:28:08,319 --> 00:28:14,279 I don't know, because each cancer is different. Like leuchemia they cure it, 333 00:28:14,559 --> 00:28:19,799 or non Hodgkins lymphoma they cure it and it's basically forever. But in 334 00:28:19,839 --> 00:28:23,839 many other types they cure it for a few years and then it comes back. 335 00:28:25,519 --> 00:28:30,799 And imagine if the chemotherapy got reimbursed on the success of the outcome. 336 00:28:32,160 --> 00:28:37,960 Imagine college is got money from the government based on the success of their alumni. 337 00:28:38,640 --> 00:28:44,359 Right, we would have a lot less problems if if you got paid 338 00:28:44,440 --> 00:28:51,039 for results rather than for efforts. Yeah, well, you're right that chemotherapy 339 00:28:51,240 --> 00:28:56,359 cures some versions of cancer, but it has no effect or negative effects on 340 00:28:56,400 --> 00:29:00,160 a lot of other kinds of cancer. But they use it for everything because 341 00:29:00,200 --> 00:29:07,119 they get paid for everything, so there's no there's no correlation between the efficacy 342 00:29:07,240 --> 00:29:12,720 and usage or something like chemo. And yeah, and once again follow the 343 00:29:12,759 --> 00:29:18,680 money. Who profits from this? And you know there is there's another aspect 344 00:29:18,720 --> 00:29:22,279 of this too, because there's another player in this game, which is the 345 00:29:22,279 --> 00:29:26,759 government, which has to pay out a lot of people live alone time. 346 00:29:27,799 --> 00:29:36,799 So the government actually benefits from pharmaceuticals that kill people before they stick around and 347 00:29:36,839 --> 00:29:40,960 collect thirty years of Social Security or something like that. So a lot of 348 00:29:40,960 --> 00:29:42,160 the drugs, maybe it could be, could well be the part of the 349 00:29:42,240 --> 00:29:49,880 chemo story is that it's designed to kill off a lot of cancer sufferers before 350 00:29:51,079 --> 00:29:55,960 they've you know, taken thousands of thousands of dollars out of care. And 351 00:29:56,200 --> 00:30:00,839 I would prefer to think that they got to do some thing to help these 352 00:30:00,839 --> 00:30:04,160 people, and they don't know what else to do, and you know, 353 00:30:04,680 --> 00:30:11,279 holistic stuff is very questionable it might work, it might not work, but 354 00:30:11,960 --> 00:30:18,599 yeah, it's And again, a lot of these are lifestyle diseases brought on 355 00:30:18,799 --> 00:30:26,119 by a lifetime of consuming impure foods, processed foods, and not consuming whole 356 00:30:26,160 --> 00:30:29,960 foods. But I just thought that was interesting and along those lines. So 357 00:30:30,000 --> 00:30:33,519 what's the deal here with Bill Gates funding the cutting down and burying of trees 358 00:30:33,960 --> 00:30:40,720 to sequestric carbon. I mean, I thought trees and plants took CO two 359 00:30:40,799 --> 00:30:44,960 out of the air. They breathed it in at night as we breathed it 360 00:30:44,960 --> 00:30:49,359 out during the day. Well, I think the stated rational might be that 361 00:30:49,480 --> 00:30:55,680 old trees stop taking carbon out of the air, so you cut them down, 362 00:30:55,720 --> 00:31:00,039 you bury them, and then you plant new trees on the graveyard of 363 00:31:00,119 --> 00:31:04,599 the old real Well okay, but but you know that's not the real reason. 364 00:31:04,680 --> 00:31:10,920 There's another deeper purpose to what he's doing, Just like with buying all 365 00:31:10,920 --> 00:31:15,960 that farmland. You know he's blinds farmland and a lot of timberland or I 366 00:31:17,039 --> 00:31:19,599 guess not timber it was timberland. They would buy the or they would cut 367 00:31:19,640 --> 00:31:23,359 down the forest and then use it for lumber. Yeah, right, these 368 00:31:23,519 --> 00:31:27,119 this isn't the case. They're just going to bury the trees. So something 369 00:31:27,160 --> 00:31:30,880 else is going on here. We have to figure out what it is, 370 00:31:30,000 --> 00:31:33,839 and you know, it's going to be incredibly sinister and disturbing when we figure 371 00:31:33,839 --> 00:31:38,200 out what the real reason is. You know, you know, something occurred 372 00:31:38,240 --> 00:31:42,519 to me lately though, that a lot of the guys who scare us the 373 00:31:42,559 --> 00:31:45,839 most, like George Soros and Klaus Schwab and Bill Gates. Yeah, they're 374 00:31:45,839 --> 00:31:48,559 they're really old. So they're going to be dying off here pretty soon, 375 00:31:48,720 --> 00:31:53,519 unless they're killing yeah well maybe, yeah, it was just buried Bill Gates 376 00:31:53,559 --> 00:31:57,200 with his trees. But but there's going to be a whole new generation of 377 00:31:57,200 --> 00:32:01,640 people for us to worry about here pretty so we'll see if the new guys 378 00:32:01,680 --> 00:32:07,200 are as sinister and as scary oh as the old guys. But because George 379 00:32:07,240 --> 00:32:10,319 Soros a son, sounds like he's taken over for George Soros, he sounds 380 00:32:10,319 --> 00:32:15,559 pretty scary. I think he's an underachiever, though you know, tons of 381 00:32:15,720 --> 00:32:22,359 wealthy ski ons of wealthy capitalists are basically slackers and underachievers. He might buy 382 00:32:22,400 --> 00:32:27,319 into the whole thing, but I guarantee he won't work twenty four to seven 383 00:32:27,759 --> 00:32:32,759 like his dad, trying to make his nightmarish dystopian future reality, so we 384 00:32:32,799 --> 00:32:37,240 can only hope. So what about AI. It's like it's the AI dot 385 00:32:37,279 --> 00:32:43,960 com three point zero. I mean, this is amazing. Well, remember 386 00:32:44,000 --> 00:32:50,160 back in the nineteen nineties that companies completely unrelated to the Internet would just slap 387 00:32:50,200 --> 00:32:54,240 dot com under interne names and there's stock press with quadruple. Well it's starting 388 00:32:54,240 --> 00:32:58,720 to seem like that now because every big tech company is announcing, oh yeah, 389 00:32:58,799 --> 00:33:02,000 we've got our AI object. And today there there's two of them in 390 00:33:02,039 --> 00:33:08,319 the news, Tesla and Meta. Yeah yeah, but well today there's stock 391 00:33:08,319 --> 00:33:15,599 price will way up. Somebody upgraded them because of Dojo the program. Yeah 392 00:33:15,680 --> 00:33:19,920 yeah, and see that. It's it's like with the dot coms. You 393 00:33:20,000 --> 00:33:22,880 can't all be a superstar Internet company, and you know, all the grocery 394 00:33:22,920 --> 00:33:30,400 stores can't be you know, successful dot com And so it's probable that you 395 00:33:30,440 --> 00:33:36,599 can't have fifty different awesome AI companies out there, right, And you can 396 00:33:36,599 --> 00:33:38,480 have some some big chip makers, and you can have some companies that use 397 00:33:38,519 --> 00:33:45,640 the anist, but they all can't be the Amazon of AI. So we're 398 00:33:45,640 --> 00:33:51,119 going to have a bloodbath at some point when when there's the shakeout and a 399 00:33:51,240 --> 00:33:55,720 handful of AI companies end up winning. So this this is a dangerous investment 400 00:33:57,440 --> 00:34:00,359 time for AI because you can't know ahead of time. You know, look 401 00:34:00,400 --> 00:34:04,599 at computers back in the day, there were a lot of big name computer 402 00:34:04,680 --> 00:34:08,039 companies that are gone now, but people didn't know at the time that they 403 00:34:08,039 --> 00:34:12,039 were going to disappear because somebody else was going to come along. I think 404 00:34:12,079 --> 00:34:15,519 that's the same thing with the But ais themselves obviously are going to have an 405 00:34:15,559 --> 00:34:22,639 impact. You know when once the the robodog with a fifty caliber rifle it's 406 00:34:22,639 --> 00:34:27,159 back becomes sentient. See, that'll be a big deal, you know. 407 00:34:27,239 --> 00:34:30,960 And it's not clear who'se AI is going to be the one that awakens in 408 00:34:30,000 --> 00:34:35,159 time to set loose the robodogs. But well, well we'll see about that. 409 00:34:35,199 --> 00:34:39,039 But it's thought he was then the Ukraine already shooting up Russians, right. 410 00:34:39,920 --> 00:34:45,559 He also flies around, you know, dropping grenades on them too, 411 00:34:45,760 --> 00:34:52,599 right. Well, you know that the US wishes it was just ten ten 412 00:34:52,679 --> 00:34:59,360 years further along with with droids because they then they would be unleashing them in 413 00:34:59,440 --> 00:35:02,920 Ukraine. But you know, we've got a lot of drone related things that 414 00:35:02,960 --> 00:35:07,360 we can do. But it doesn't look like we've got enough to be decisive 415 00:35:08,320 --> 00:35:12,920 in in a big war just yet. But that day is coming. You 416 00:35:12,960 --> 00:35:20,280 know. Did you see the story about Ukraine had its drone submarine fleet already? 417 00:35:21,599 --> 00:35:24,840 Yeah? Yeah, Well he just refused to turn on starlink to let 418 00:35:24,880 --> 00:35:29,760 them navigate. It wasn't that he turned it off or anything. He just 419 00:35:29,800 --> 00:35:32,519 hadn't gone live yet, and he didn't. He didn't accelerate the process. 420 00:35:32,519 --> 00:35:36,599 I've been going live to let that happen. But but yes, there was 421 00:35:36,639 --> 00:35:42,599 going to be an attack by a fleet of drone submarines on a navy that 422 00:35:42,719 --> 00:35:46,039 was almost gonna happen. Wants to get involved? Can you blame him? 423 00:35:46,920 --> 00:35:51,119 Oh? God? Or doing that? Really? And you blame him even 424 00:35:51,159 --> 00:35:54,920 though they're making him out to be unpatriotic and everything else. But like, 425 00:35:55,320 --> 00:36:00,760 it's enough that he already gave the Ukrainians access to starlink, all right, 426 00:36:00,880 --> 00:36:07,000 well because the Russians had cut their communications lines. Now he's supposed to facilitate 427 00:36:07,599 --> 00:36:13,239 active attacks. And don't get me wrong, I mean I don't particularly like 428 00:36:13,360 --> 00:36:16,199 the Russians either, but I kind of see Musk's point, don't you? 429 00:36:16,679 --> 00:36:20,079 Oh god, yeah, you don't want to be involved in the middle of 430 00:36:20,119 --> 00:36:22,920 something like I have you can help it, I would think, I mean, 431 00:36:22,519 --> 00:36:28,199 just such a such a mess, and hey, what are we supposed 432 00:36:28,239 --> 00:36:31,800 to do? All right? Well, one more major major story. The 433 00:36:31,880 --> 00:36:43,039 Fifth Circuit partially affirmed Judge Derry Dowdy's July fourth ruling against government sponsorship government censoring 434 00:36:43,159 --> 00:36:49,880 big tech, and basically they cut back some of his ruling. It was 435 00:36:49,920 --> 00:36:57,239 a preliminary injunction, but they out and out ruled that US government is violating 436 00:36:57,280 --> 00:37:02,079 the First Amendment censoring you know, engaging in the censorship of the big tech. 437 00:37:02,400 --> 00:37:07,039 Yeah, they scaled back the original ruling, but they kept the concept, 438 00:37:07,599 --> 00:37:12,079 which means well, Actually, Matt Tayibi had an article on this where 439 00:37:12,079 --> 00:37:15,079 he analyzed what got scaled bag got kept. He said, it's possible that 440 00:37:15,159 --> 00:37:20,960 the federal government will will settle for this and not take it to the Supreme 441 00:37:20,960 --> 00:37:23,960 Court because they might be able to get around, you know, the current 442 00:37:24,000 --> 00:37:28,360 scope of that ruling. But if they take the Supreme Court, that would 443 00:37:28,360 --> 00:37:32,400 be hilarious because you've got to think that this Supreme Court is going to rule 444 00:37:32,639 --> 00:37:38,920 against or in favor of the First Amendment and against government agencies being able to 445 00:37:40,119 --> 00:37:45,800 circumvent the First Amendment by by threatening big tech companies to censor, you know, 446 00:37:45,880 --> 00:37:50,960 and that would be fun to watch. And I really hope that it 447 00:37:51,079 --> 00:37:53,000 does go to the Supreme Court just because that would be definitive. I think 448 00:37:53,079 --> 00:37:58,480 I would think that they would they wouldn't want to make it ironclad, and 449 00:37:58,519 --> 00:38:02,800 they would just shut that whole process us down of governments working with hope private 450 00:38:02,840 --> 00:38:07,679 sector companies to censor other private sector actors. So we'll see, you know, 451 00:38:07,719 --> 00:38:12,239 the process is still ongoing. But so far, so good for the 452 00:38:12,280 --> 00:38:15,920 First Amendment. So what about you know, what about the other side, 453 00:38:16,320 --> 00:38:22,360 the plaintiffs appealing the Fifth Circuit ruling, They can appeal it too, because 454 00:38:22,280 --> 00:38:27,360 they got to you know, they're infringed effectively, I don't want to say 455 00:38:27,400 --> 00:38:34,000 infringed, but part of their victory in the lower court was was kind of 456 00:38:34,119 --> 00:38:37,400 rolled back. So it makes sense for them to appeal it as well. 457 00:38:37,960 --> 00:38:43,039 And it seems like it's just the kind of case the Supreme Court would take 458 00:38:43,440 --> 00:38:50,079 one of first impression and puts them finally where they can you know, end 459 00:38:50,199 --> 00:38:54,679 big big tech censorship if they so desire. Even what it hasn't been brought 460 00:38:54,760 --> 00:39:02,119 up in this case, which is the platform seemingly desire to censor speech, 461 00:39:02,199 --> 00:39:09,039 particularly on the right, when it offends them. And maybe you know, 462 00:39:09,239 --> 00:39:15,360 I was thinking now that they've found that that big tech, you know, 463 00:39:15,679 --> 00:39:22,880 that the government is effectively using big tech to censor, that we're all infringed. 464 00:39:22,000 --> 00:39:27,039 I got a cause of action and they can't even fight it because it's 465 00:39:27,119 --> 00:39:34,000 a court has held that the government is censoring big tech. Therefore that big 466 00:39:34,039 --> 00:39:37,280 tech is working hand in hand with the US government. I don't need to 467 00:39:37,320 --> 00:39:40,360 prove that anymore. I just got to prove that they were doing it to 468 00:39:40,440 --> 00:39:45,239 me, right then used to the government for money in a situation like that, 469 00:39:45,320 --> 00:39:50,920 because well, a lot of people lost a lot of money by being 470 00:39:51,039 --> 00:39:54,519 censored. I mean a lot of people lost their jobs. Yeah, damages 471 00:39:54,599 --> 00:40:00,000 are in order for that. Yeah, So there could be a class action 472 00:40:00,159 --> 00:40:06,480 lawsuit the you know, the one million most heavily censored people in the country 473 00:40:07,320 --> 00:40:09,679 against the US government. That would be oh yeah, that would be a 474 00:40:09,719 --> 00:40:15,639 great lawsuit. God. You can you imagine the the lawyers lining up to 475 00:40:15,920 --> 00:40:22,880 to try that case. Yeah, I think they could easily do it. 476 00:40:22,880 --> 00:40:28,280 It opens up a whole can of worms. What about when the when a 477 00:40:28,360 --> 00:40:36,239 certain company that follows the alphabet. What about when they just take somebody off, 478 00:40:36,280 --> 00:40:39,039 they deep platform them and the government didn't ask for it. Well, 479 00:40:39,360 --> 00:40:44,440 you gotta wonder all this d platforming that took place, was it at the 480 00:40:44,480 --> 00:40:49,760 behest of the government, because we didn't get the full They did discovery, 481 00:40:49,840 --> 00:40:54,119 but they didn't do full discovery of every single person who got d platformed. 482 00:40:54,679 --> 00:41:00,000 And was it at the behest of the government. I mean, we don't 483 00:41:00,119 --> 00:41:04,400 know that. We thought, I personally thought they're just a bunch of lefties 484 00:41:04,880 --> 00:41:08,920 and they're censoring righties, you know, But maybe there's more to it than 485 00:41:09,000 --> 00:41:14,519 we even thought that it was at the behest of the government that all of 486 00:41:14,559 --> 00:41:21,480 this censorship started in the first place, in which case they're effectively carrying out 487 00:41:21,519 --> 00:41:25,760 the government's will by doing it. So they're agents of the government. So 488 00:41:25,800 --> 00:41:31,239 the government really is infringing on your First Amendment rights, which the court has 489 00:41:31,320 --> 00:41:37,760 said they are. Well, you would think too that right now liberals are 490 00:41:37,760 --> 00:41:43,880 appalled by this process, right because they're in their current incarnation. The Democrats 491 00:41:44,000 --> 00:41:47,639 are pro censorship, so oh yeah, not happy bars pro censorship. You 492 00:41:47,639 --> 00:41:52,880 would think that the left in general, because they're they're the ones who get 493 00:41:52,920 --> 00:41:55,280 censored most often, at least historically. So you would think that they would 494 00:41:55,280 --> 00:42:00,480 be kind of relieved by this because sooner or later, you know, the 495 00:42:00,519 --> 00:42:07,519 American Communist Party and all the socialist offshoots and pretty much everybody on the left 496 00:42:08,079 --> 00:42:10,400 are going to be censored again. You know, they're going to be picked 497 00:42:10,400 --> 00:42:15,440 on by a conservative government at some point in the future and that deep platformed 498 00:42:15,559 --> 00:42:20,280 and imprisoned and whatever. You know, it's the usual thing that has happened 499 00:42:20,320 --> 00:42:23,280 to the left over the years because they were usually the ones opposing wars. 500 00:42:23,800 --> 00:42:29,119 So you would think that they would have a good feeling about where this is 501 00:42:29,119 --> 00:42:30,920 going, and they would want it to get to the Supreme Court, and 502 00:42:30,960 --> 00:42:37,880 they would want the Supreme Court rule that censorship by the government is on constitutional 503 00:42:37,159 --> 00:42:42,199 full stop and the story. But it was so far that's not the case. 504 00:42:42,280 --> 00:42:45,079 Yeah, you would think, but you know, they were the ones 505 00:42:45,159 --> 00:42:49,119 that were behind it. Hey, you would think they were anti war if 506 00:42:49,159 --> 00:42:54,360 I seem to remember Vietnam and Iraq, not so much Afghanistan. They were 507 00:42:54,400 --> 00:43:00,360 always against it. And now in Ukraine everything is good, right, Yeah, 508 00:43:00,440 --> 00:43:02,840 it's been quite a transition. I mean there is even are you you 509 00:43:02,880 --> 00:43:07,960 know who Mary Ann Williamson. Oh, yeah, sure, she's a new 510 00:43:07,039 --> 00:43:12,760 age. Yeah, well, she's a presidential candidate now. I know. 511 00:43:12,840 --> 00:43:17,320 I subscribe to her email list because I like to get a good laugh every 512 00:43:17,360 --> 00:43:23,800 morning at her. You know, even she is in favor of the Ukraine 513 00:43:23,840 --> 00:43:30,519 War. Really see, she and Bernie Sanders are in favor of the Ukraine 514 00:43:30,559 --> 00:43:35,119 War and in favor of supporting You can really check it out. Yeah, 515 00:43:35,119 --> 00:43:40,199 it's astounding. Yeah. So yeah, so it's coming to it's well, 516 00:43:40,239 --> 00:43:44,239 Donald Trump broke the left, that's all, you know, that's that's the 517 00:43:44,280 --> 00:43:49,400 sentence that explains at all. He He terrified an awful lot of people on 518 00:43:49,440 --> 00:43:52,119 the other end of the political spectrum to the point where the owns justify the 519 00:43:52,159 --> 00:43:57,840 means. You know, you can do anything as long as it's in the 520 00:43:57,920 --> 00:44:04,960 service of putting Donald Trump in prison and inpendent, you know, do prop 521 00:44:05,360 --> 00:44:10,840 be damned well. And Donald Trump and Vladimir Putin are are so closely intertwined 522 00:44:10,960 --> 00:44:16,639 in the minds of people on the left now that that you can also do 523 00:44:16,719 --> 00:44:22,440 anything to get rid of Putin, including right up to and including starting a 524 00:44:22,519 --> 00:44:27,079 nuclear war. So we you know, a big part of the country has 525 00:44:27,159 --> 00:44:31,280 gone absolutely crazy, and uh, and you know Trump did that. It's 526 00:44:31,360 --> 00:44:37,400 all Trump's bault. Well, we're getting a warning of a child kidnapping in 527 00:44:37,480 --> 00:44:40,880 Palm Beach County. I think that's our cue to let it go. John. 528 00:44:40,960 --> 00:44:45,360 Make sure you go over to John's site Rabino dot substack dot com. 529 00:44:45,400 --> 00:44:53,119 Subscribe to his material. A lot of interesting things about portfolio performance I've witnessed 530 00:44:53,199 --> 00:44:58,599 lately. Hey, check out our site Financial Survival Network dot com. Make 531 00:44:58,639 --> 00:45:01,559 sure you sign up for your free newsletter, John. We will catch up 532 00:45:01,559 --> 00:45:05,519 with you in a couple of weeks. Take care. Thanks for listening to 533 00:45:05,679 --> 00:45:10,800 carry Lens's Financial Survival Network, your solution to today's trying times. For the 534 00:45:10,880 --> 00:45:17,960 latest, go to Financial Survival Network dot com. Financial Survival Network now more than ever