So this is an issue for me every year because gold has this seasonal pattern
that is, it's not perfect, but it's fairly reliable. Yeah, eighty
plus percent. But every year, because I've known about gold seasonality from let's
say a decade, it's been at least a decade, and every year I
look at the where a share where there should be an inflection point, and
I think, God, yeah, but there's all these big macro things happening,
you know, I think those are more important than gold seasonality, And
most years, gold seasonality turns out to be true. You're listening to Carrie
Let's Financial Survival Network, where you get valuable information you just can't find anywhere
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up with John Robino. Find him at Robino dot substack dot com. Make
sure you send any comments to me kl at Kerrlutz dot com. H Well,
I don't know if you caught it, John, But American Airlines,
all of the flight attendants we used to call them stewardesses in a less politically
correct era, all of them have voted ninety nine point four percent voted to
authorize a strike, and they want a third increase I think twenty six percent
or thirty percent payroll increase, and a whole bunch of other stuff. And
then you've got an article here about the Autoworkers Union there. I can't UAW
is authorizing a strike against the Big three and sounds like we might have some
inflation coming here. Huh yeah. And it's the kind of inflation that the
fan thinks is real inflation. Unlike stock sponds and real estate going up.
They think wage inflation is a real thing and that scares them. And basically,
unions have gotten their power back, which you know, in most of
our adult lifetimes unions were meaningless. Private sector unions anyhow, public sector unions
have gotten more powerful, but private sector unions have been broken by globalization,
and now that we're trying to bring everything back home, the unions are figuring
out that they can they can strike for higher wages and get serious settlements.
Because the pilots have already gotten there's United and American Airline was Yeah, forty
percent over four years, forty some percent over four years, plus pension increases
and things like that benefits. And I think it was the you and I
that we're talking about the UPS drivers. How I had to ask you if
that was a real number, because UPS drivers, at least some of them
now, yeah, get one hundred and seventy thousand dollars a year. Oh
no, that's true. They're always I paid. You know, they're getting
paid more now than the mail carriers. Yeah. Yeah, So so you
know, these guys who are living are delivering our packages are now in the
top like five percent burgers in the country. They're making more money than most
of the people that they deliver packages too. And now it's working its way
down. It was the pilots before, and now it's the flight attendants,
and it's going to be basically everybody else who who has any kind of union
representation at all. They're going to be talking about striking. Well, they
the UAW, you know, the United Auto Workers are striking or intending to
strike, and it looks kind of inevitable in the next two weeks and that
means they'll end up with what seemed to us to be a very big number
increase in pay. So, yeah, this is a big change. And
you know who's not going to strike the Tesla because they're not union. They're
non union because one of the reasons why is that for when the unions come
in, you can't get stock options if you're a factory worker. Only the
big management non unionized. They don't want their employee sharing in the ultimate financial
success of their of their host company. And you know, to some extent,
unions in this day and age are really parasitic creations. It is that
really why they they won't allow stock options? Who won't allow the new aw
If Tesla's employees were to vote to join the union, they would not be
able to get stock options. And many of those people working on the floors
of Tesla, the ones that have been since the beginning, are multi multi
millionaires as a result of their stock options. Yeah, well see, you
think everybody would would make that part of their bargaining. You would want stock
options in the company that you work for. And and you know everybody wins
when that happens, because if the if the workers have a stake in the
success of the company. Then they're they're probably going to moderate some of their
demands because that's going to hurt earnings, which hurts their their options. And
that's the union rational for not wanting options. But god, you know you
should, if you're a big company, you should. You should be handing
out stock options like Halloween candy to the people that work there. Is that
puts them all on the same page with management in a good way, you
know, not in a self destructive way. So anyhow, you know where
they don't want it. They don't want the workers loyalties divided. Like,
hey, if we go on strike, my stock options will be worth twenty
percent less. They're only going to give me five thousand dollars a year more,
but my stock options might be worth one hundred fifty thousand, so I'll
lose thirty thousand dollars if we go on strike. Maybe that's not such a
good idea, and then the unions lose their power. That's the theory.
The reality I think would be a bit different. But nonetheless, the policy
is no stock options for the factory workers in most of these big auto entities.
So all right, well, then they'll just demand really big raises that
standing around, and so they'll you know. But anyhow, the point of
this is that this is wage inflation, which is looking very real here and
which will spook the Fed into staying tighter for longer because they're they're gonna have
to try and choke that off. Eight. You can't have workers making fifteen
present war every year. That's bad for the country, even if it's winning
them. Hey yeah, So the speaking of interest rates, Bank of Japan,
you think they can afford to let their interest rates float. Well,
they just had a Bank of Japan official making kind of hawkish statements just lately
here about doing away with the negative interest rates at the short end of the
yield curve and letting interest rates generally rise. And today the ten year the
yield and ten year Japanese government bond went up to set point seven percent now,
which it used to be negative, and now it's up to point seven
percent. That's still incredibly low by our standards, but for a country with
the debt that Japan is carrying, it's already starting to become a budget line
problem for the government. In other words, their interest costs they're starting to
eyes to the point where it's becoming painful. And if they let rates keep
going up, the pain is going to increase. You know, if you
have a you have three government data that is three hundred percent of GDP,
which Japan is headed that way fast, and the average interest rate goes just
one percent, that's three percent of GDP just going out, you know,
in terms of interest, and that's you know, bordering on unsustainable. That's
the kind of thing that will blow up your currency. So Japan is kind
of blazing that trail. But most of the rest of the big few currency
countries are headed that way fast too, because we're you know, in the
US, are our interest cost exceeds at earlion dollars a year now and here
a trillion there. Yeah, considering that if we have a twenty four trillion
dollar economy, that's nearly five percent of the GDP, four percent, four
and a half percent of GDP that goes just to interest. Thanks like that,
right, bank, well in banks don't like those higher interest rates,
or at least a lot of banks don't because they have big bond portfolios and
that lowers the price of the bonds on their books, which forces them to
report you know, some kind of a loss, even if it's just a
paper loss, and that spooks the depositors and leads to bank runs. So
that's the kind of thing that we're looking at now. As interest rates go
up in the US, these less than well reported losses on bank balance sheets
get bigger and bigger. And if a bank has to raise cash to pay
off depositor outflows by selling its bonds, then those paper losses become real losses
and they have to report actual negative earnings for a quarter or for a year
or whatever. In that that accelerates the out low of deposits and so on,
and so we get a bank round and the bank crashes. So there
are hundreds of if not thousands, of banks in the US that are in
that position right now, and that's a very big deal if it if it
gets going. We stopped the leading with the Silicon Valley bank crisis, but
there's a lot of other banks in that same position. So yeah, higher
interest rates are good for savers and good for retirees, and bad for everybody
else in the country who depends on cheap debt in order to do what they're
doing. And that's the majority now. So higher interest rates are a bad
thing from the standpoint of economic growth, the government finances and financial stability.
But they're not going away. It looks like because of wage increases and because
of energy, cause you know oil is way up now too, which is
a very inflationary thing. So the inflation that that's well, that's inflation that
spreads everywhere. Well so do wages though I mean core yeah, but or
though according to the Settle Reserve energy. But right now as we're talking,
and it's nine to eleven crude oils at eighty seven bucks a barrel, which
is at the near highs for the year. See that's you know, the
people need to understand that the inflation numbers are fake because of fad emphasis.
You know, they don't consider stock bond and real estate increases inflation at all.
And like you said, they don't include energy in the core inflation number
that everybody thinks is the real number. So they're leaving out an awful lot
of important stuff in a way that makes inflation look less severe than it is.
So now, okay, having said all that, pretty pretty good chance
we're in inflation in another six months, in any event, because so many
things, so many indicators or pointing towards a very nasty recession. In twenty
twenty four, this thing could just flip on its head, where now we're
worried about a certain certain kind of boomy kinds of things, you know,
wages going up too fast, inflation accelerating pretty soon, we'll be worried about
the the inverse of that, with real deflation pretty soon. And what that'll
take is crisis in the real estate market, equities, bear market, and
a bunch of layoffs in the affected country companies, and then maybe plunging commodity
prices because of all of that. That's that could be a twenty twenty four
story, and it could be you know that we will be having completely different
conversations in another six or nine months. So this is a crazy world,
nothing like what's happening in China here. So, yeah, so you've got
an issue here. Will gold's seasonality matter this time? What do you think,
king here? Well, so this is an issue for me every year
because gold has this seasonal pattern, that is, it's not perfect, but
it's fairly reliable. Yeah, eighty percent. But every year, because I've
known about gold seasonality from let's say a decade, it's been at least a
decade, and every year I look at the where share where there should be
an inflection point, and I think, God, yeah, but there's all
these big macro things happening, you know, I think those are more important
than gold seasonality. And most years, gold seasonality turns out to be true,
meaning all I had to do was act on that one way or the
other, buy or sell and you know, or buyer go short, and
it would have been a really profitable trade. But it's really hard psychologically to
look beyond the big macro things and accept that gold seasonality is a real thing.
So will it be a real thing again this year? And let's say
that it will be that that's completely possible, and it means that right now
is a good time to be grabbing for more gold and silver or the mining
stocks or whatever, because normally there's a nice run from September through January and
maybe February. That's how the historical seasonality works. So if somebody wants to
take a chance on it, they're they're, you know, on the calendar,
they're at a pretty good entry point or a long trade in gold and
silver. So so let's see, you know, we'll revisit this maybe in
January and see if it worked out. And just as a point of information,
in twenty twenty two two three, gold was up twenty two percent in
that quarter alone. So it's about eight out of ten times. Problem as
you never know when it's going to be that two times out of ten that
it doesn't happen, but it really is an established trend kind of like what
happened or still happens times when gold goes down, right when nonfarm payroll numbers
or released. It's the funny coincidence, It just happens, right. There
are a lot of things, lots of things happen in the gold market that
are haha, funny coincidences, you know, like how gold's price will tank
at four o'clock in the morning, which is the finnest point in the twenty
four hour trading day, when the fewest traders are paying attention. Somebody comes
in and wants to dump a bunch of futures contracts. Well, dumping,
you know, selling a bunch of stuff at the thinnest point of the market
is the exact wrong way to get a good price for it, right,
So that's probably not their not their objective. They're not trying to get the
highest price. They're trying to smack gold down, and you know, nobody
goes to jail for this, but it does seem like a form of fraud
if there's a government doing it or a big bank doing it or something like
that, because basically, what they're trying to do is take the sales out
of bulls in that market. In other words, people who are just optimistic
about the price of gold and want to keep buying and tell everybody else to
do it. You smack gold down by twenty or thirty dollars announced at four
o'clock in the morning, and then it opens way down the next day,
and that moderates the animal spirits in that market. And I think that's an
objective of governments around the world. They don't want gold to be rocking,
because that's the exact same thing as saying that their currencies are tanking. This
gold is a competing form of money, so you want gold movements to be
smoothed out and buy us towards the downside as much as possible. And you
know, a lot of trading activity and gold kind of looks like somebody's trying
to make that happen. Certainly does. I don't know who would do such
a thing, but it certainly does. Hey, so we got one here
about offshore wind farms are killing whales. I mean, hey, it's like
we spent the past twenty thirty years trying to bring these whales back from near
extinction and now they want to kill them off again. What is that about?
See, this falls under the shrinking trust horizon category where the number of
institutions that we think are trustworthy is shrinking so dramatically. And you know,
it used to be that the environmentalists were They might have been misguided, but
they were well intentioned, right, And that includes the guys building solar farms
and and wind farms and offshore wind farms and things like that. But apparently
this is from Michael Shellenberger, who has a substat called public News. Apparently,
we were building lots of wind farms off the east coast of the US.
And part of the that is that, you know, it's windy out
there, so it's free energy. Part of it is that nobody wants wind
farms on their farms or in their neighborhoods or anywhere that they can see them,
because it's it's noisy, it's it's disturbing to look at. Yeah.
Yeah, So so we put them off shore. I think that's a good
solution because it doesn't doesn't take up any geographic footprint. It's not taking up
any not in anybody's backyard. The ocean that is nobody's backyard. But it
turns out you make so much noise when you're putting in wind turbines. You
know, you've got to rill down into the into the floor of the ocean
to make you Yeah, and that is pusing a huge uptick in the number
of dead whales they're finding on the East coast beaches and it's threatening to it's
threatening to cause the or push the right whale species to extinction. And the
government is lying about the amount of noise, for instance, that they're making
with all the shipping and all the pile drivers and stuff like that. And
there's a a documentary that just came out where they actually went into the water
with sensitive acoustic gear and the noise that they pick up is just astounding.
No no whale that's trying to echo locate, we'll be able to echolocate in
that And that the government has been lying about it, so you know,
would think such a thing. Well, you know, you you would have.
I would have thought that the environmental guys were at least honest people,
even if they didn't always get the science right. And now here we go
it's just oh and the mainstream media, it's the government line. They say,
oh, no government scientists have investigated this, and and there's no otherwise,
you know, there's nothing to see or here here in And they were
lying too, So we're you know, we're talking in the New York Times
and the Guardian and that level of mainstream media lying at the best. Yeah,
well you just about can't. And that's until I got the solution.
I got the solution. Get them earplugs and GPS and they'll find their way,
right. Yeah, whales are smart. They should be able to figure
out GPS. Right. But you know, the important point in all this,
well there's a political point and a financial point, is that that the
fewer people we trust out there, the more we tend to bring our trust
horizon back home to two people we can see, farmers whose food we can
actually buy directly, and politicians who we can shake hands with and who we've
known for years, and people like that, and we don't trust anybody else
anywhere beyond that, And of course, since money is managed very distantly by
big institutions, one we stopped trusting all the other institutions, we of course
stopped trusting the guys who run our money, and that brings us one step
closer to that gigantic financial crisis slash currency reset that we keep thinking is imminent
and hasn't been so far, but maybe pretty soon, because you know,
you just don't trust anybody, and whatever the government tells you about your money
is going to be seen as a lie, right, and you're going to
act accordingly. So we're headed for that day as we kick more and more
institutions off the list of the people who we can trust. And you know,
the FBI is long gone, the CIA was never really on the list,
except unless you're Rachel Maddow or somebody like that, or what's his name,
Anderson Cooper, who just happened to work as an analyst for the CIA,
Right, Yeah, so he knows they're honest because he used to work
there. But yeah, the mainstream corporate media is still captured by these big
institutions, but more and more people are starting to figure out that the big
media conglomerates are actually just other institutions that should never be trusted. And that's
that's why the princess cable news networks are losing viewers in such a dramatic rate.
They're shrinking relative to Joe Rogan and to Russell Brand and then you know
the other big podcasters out there like you. You know that people are shifting
their points and to substack. You know, people are canceling their New York
Times subscription and then subscribing to ten substack writers or whatever on something that they
get a lot more. Hopefully Robino dot substack dot com is one of them
that they're canceling in favor of. But I would love to show up on
that list people. But New York Times is losing out to Let's not forget
that one of the main reasons for building those farms offshore, besides while the
avoiding the NIMBI people, is the tax credits. So basically the government is
paying to kill wales, right. That is basically the follow the money solution
to all this is yeah, because that's where the money comes from, comes
from the government that, by the way, is being paid off via campaign
contributions by the wind industry, so it's a circular flow of money. The
wind industry buys a bunch of politicians who allocate a bunch of taxpayer money to
the wind industry. And since you know, the wind industry might pay a
few million dollars to buy politicians, but they get back billions of dollars,
So it's a really good invest ROI. Yeah, great, great roli.
And it comes at our expense basically, or it comes at the expense of
people who trust the Fed to maintain the value of the dollar because basically,
yeah, because basically that money comes from inflation. It's just printed out.
If in air makes the money less valuable, and it hurts the people who
have big dollar bank accounts and money under the mattress and things like that,
and own government bond funds. So basically the government is taking from them,
getting to the wind industry and to many many other industries. You know,
the defense contractors, the big banks, et cetera, et cetera, who
took around and finance the politicians campaigns. So in effect, it's basically regular
people financing the political campaigns of people who are impoverishing. You know, it's
a system that historians once they untangle it all are not going to be kind
to later on. Right now, it's working beautifully for the guys who are
profiting from it. All. Right, So we didn't have this on the
list, but it got to bring it up because I know you saw it
and it's good for a couple of laughs, but when you think about it
more, it's not. Finally, the obesity epidemic is paying huge dividends to
big pharma because they're coming up with cures for what government policies like the Food
Pyramid caused in the first place by taking fat out of food and encouraging you
to consume refined, refined carbohydrates and processed foods, which is directly attributable to
the obesity epidemic. Now, companies like Eli Lilly up six hundred percent since
twenty twenty on the strength of their drug Wagovi and Novartis has a market cap
over four hundred billion dollars thanks to Ozepic. And then the theme song on
the ads for ozepic is going back to I think it was Orleans and their
hit song from the eighties or nineties. It's magic and they're just creating money
out of thin air. It's magical. What's happening here? John and all
the other pharmacy companies are rushing to get in on this obesity gold rush.
Well, it is magic for those guys, in the sense that a perpetual
motion machine is magic. You create a lot of lifestyle diseases, which are
basically chronic diseases that never go away. Then instead of insisting that people adopt
better lifestyles, you hand them pills or injections that manage the symptoms of the
lifestyle diseases that you cause. If you're a big right or big food and
yeah, and it's it goes on forever. I mean obesity. You get
a you know, a twelve year old to make up, make a twelve
year old obese. They will be obese for a lifetime because they're they're too
fat to exercise and they're the minds don't work right well enough for them to
actually understand nutrition. So you got them for lifetime. It's it's the same
formula that was used with smoking, where you you know, you get a
nineteen year old hooked on cigarettes and they never get off, and they smoke
and smoke and smoke until they get lung cancer. And then a different part
of big pharma. It makes money treat treating the lung cancer until the guy
you know, it just goes on and on. So it's it's a gold
mine for everybody concerned except regular people. Yeah, by no business model.
That's white a business model, and it's a great business model. You know,
to the most profitable department of every hospital out there, jaw do you
know the most web serveth Let me guess, I would say the cancer right,
chemotherapy inmotherapy, Yeah, it gas not much labor involved, high margin
item, and it doesn't work, so they have to keep Yeah, well
we know it doesn't work. It might work, and some people are cured
or effectively treated by chemotherapy, but invariably at a large number of cases that
I don't know, because each cancer is different. Like leuchemia they cure it,
or non Hodgkins lymphoma they cure it and it's basically forever. But in
many other types they cure it for a few years and then it comes back.
And imagine if the chemotherapy got reimbursed on the success of the outcome.
Imagine college is got money from the government based on the success of their alumni.
Right, we would have a lot less problems if if you got paid
for results rather than for efforts. Yeah, well, you're right that chemotherapy
cures some versions of cancer, but it has no effect or negative effects on
a lot of other kinds of cancer. But they use it for everything because
they get paid for everything, so there's no there's no correlation between the efficacy
and usage or something like chemo. And yeah, and once again follow the
money. Who profits from this? And you know there is there's another aspect
of this too, because there's another player in this game, which is the
government, which has to pay out a lot of people live alone time.
So the government actually benefits from pharmaceuticals that kill people before they stick around and
collect thirty years of Social Security or something like that. So a lot of
the drugs, maybe it could be, could well be the part of the
chemo story is that it's designed to kill off a lot of cancer sufferers before
they've you know, taken thousands of thousands of dollars out of care. And
I would prefer to think that they got to do some thing to help these
people, and they don't know what else to do, and you know,
holistic stuff is very questionable it might work, it might not work, but
yeah, it's And again, a lot of these are lifestyle diseases brought on
by a lifetime of consuming impure foods, processed foods, and not consuming whole
foods. But I just thought that was interesting and along those lines. So
what's the deal here with Bill Gates funding the cutting down and burying of trees
to sequestric carbon. I mean, I thought trees and plants took CO two
out of the air. They breathed it in at night as we breathed it
out during the day. Well, I think the stated rational might be that
old trees stop taking carbon out of the air, so you cut them down,
you bury them, and then you plant new trees on the graveyard of
the old real Well okay, but but you know that's not the real reason.
There's another deeper purpose to what he's doing, Just like with buying all
that farmland. You know he's blinds farmland and a lot of timberland or I
guess not timber it was timberland. They would buy the or they would cut
down the forest and then use it for lumber. Yeah, right, these
this isn't the case. They're just going to bury the trees. So something
else is going on here. We have to figure out what it is,
and you know, it's going to be incredibly sinister and disturbing when we figure
out what the real reason is. You know, you know, something occurred
to me lately though, that a lot of the guys who scare us the
most, like George Soros and Klaus Schwab and Bill Gates. Yeah, they're
they're really old. So they're going to be dying off here pretty soon,
unless they're killing yeah well maybe, yeah, it was just buried Bill Gates
with his trees. But but there's going to be a whole new generation of
people for us to worry about here pretty so we'll see if the new guys
are as sinister and as scary oh as the old guys. But because George
Soros a son, sounds like he's taken over for George Soros, he sounds
pretty scary. I think he's an underachiever, though you know, tons of
wealthy ski ons of wealthy capitalists are basically slackers and underachievers. He might buy
into the whole thing, but I guarantee he won't work twenty four to seven
like his dad, trying to make his nightmarish dystopian future reality, so we
can only hope. So what about AI. It's like it's the AI dot
com three point zero. I mean, this is amazing. Well, remember
back in the nineteen nineties that companies completely unrelated to the Internet would just slap
dot com under interne names and there's stock press with quadruple. Well it's starting
to seem like that now because every big tech company is announcing, oh yeah,
we've got our AI object. And today there there's two of them in
the news, Tesla and Meta. Yeah yeah, but well today there's stock
price will way up. Somebody upgraded them because of Dojo the program. Yeah
yeah, and see that. It's it's like with the dot coms. You
can't all be a superstar Internet company, and you know, all the grocery
stores can't be you know, successful dot com And so it's probable that you
can't have fifty different awesome AI companies out there, right, And you can
have some some big chip makers, and you can have some companies that use
the anist, but they all can't be the Amazon of AI. So we're
going to have a bloodbath at some point when when there's the shakeout and a
handful of AI companies end up winning. So this this is a dangerous investment
time for AI because you can't know ahead of time. You know, look
at computers back in the day, there were a lot of big name computer
companies that are gone now, but people didn't know at the time that they
were going to disappear because somebody else was going to come along. I think
that's the same thing with the But ais themselves obviously are going to have an
impact. You know when once the the robodog with a fifty caliber rifle it's
back becomes sentient. See, that'll be a big deal, you know.
And it's not clear who'se AI is going to be the one that awakens in
time to set loose the robodogs. But well, well we'll see about that.
But it's thought he was then the Ukraine already shooting up Russians, right.
He also flies around, you know, dropping grenades on them too,
right. Well, you know that the US wishes it was just ten ten
years further along with with droids because they then they would be unleashing them in
Ukraine. But you know, we've got a lot of drone related things that
we can do. But it doesn't look like we've got enough to be decisive
in in a big war just yet. But that day is coming. You
know. Did you see the story about Ukraine had its drone submarine fleet already?
Yeah? Yeah, Well he just refused to turn on starlink to let
them navigate. It wasn't that he turned it off or anything. He just
hadn't gone live yet, and he didn't. He didn't accelerate the process.
I've been going live to let that happen. But but yes, there was
going to be an attack by a fleet of drone submarines on a navy that
was almost gonna happen. Wants to get involved? Can you blame him?
Oh? God? Or doing that? Really? And you blame him even
though they're making him out to be unpatriotic and everything else. But like,
it's enough that he already gave the Ukrainians access to starlink, all right,
well because the Russians had cut their communications lines. Now he's supposed to facilitate
active attacks. And don't get me wrong, I mean I don't particularly like
the Russians either, but I kind of see Musk's point, don't you?
Oh god, yeah, you don't want to be involved in the middle of
something like I have you can help it, I would think, I mean,
just such a such a mess, and hey, what are we supposed
to do? All right? Well, one more major major story. The
Fifth Circuit partially affirmed Judge Derry Dowdy's July fourth ruling against government sponsorship government censoring
big tech, and basically they cut back some of his ruling. It was
a preliminary injunction, but they out and out ruled that US government is violating
the First Amendment censoring you know, engaging in the censorship of the big tech.
Yeah, they scaled back the original ruling, but they kept the concept,
which means well, Actually, Matt Tayibi had an article on this where
he analyzed what got scaled bag got kept. He said, it's possible that
the federal government will will settle for this and not take it to the Supreme
Court because they might be able to get around, you know, the current
scope of that ruling. But if they take the Supreme Court, that would
be hilarious because you've got to think that this Supreme Court is going to rule
against or in favor of the First Amendment and against government agencies being able to
circumvent the First Amendment by by threatening big tech companies to censor, you know,
and that would be fun to watch. And I really hope that it
does go to the Supreme Court just because that would be definitive. I think
I would think that they would they wouldn't want to make it ironclad, and
they would just shut that whole process us down of governments working with hope private
sector companies to censor other private sector actors. So we'll see, you know,
the process is still ongoing. But so far, so good for the
First Amendment. So what about you know, what about the other side,
the plaintiffs appealing the Fifth Circuit ruling, They can appeal it too, because
they got to you know, they're infringed effectively, I don't want to say
infringed, but part of their victory in the lower court was was kind of
rolled back. So it makes sense for them to appeal it as well.
And it seems like it's just the kind of case the Supreme Court would take
one of first impression and puts them finally where they can you know, end
big big tech censorship if they so desire. Even what it hasn't been brought
up in this case, which is the platform seemingly desire to censor speech,
particularly on the right, when it offends them. And maybe you know,
I was thinking now that they've found that that big tech, you know,
that the government is effectively using big tech to censor, that we're all infringed.
I got a cause of action and they can't even fight it because it's
a court has held that the government is censoring big tech. Therefore that big
tech is working hand in hand with the US government. I don't need to
prove that anymore. I just got to prove that they were doing it to
me, right then used to the government for money in a situation like that,
because well, a lot of people lost a lot of money by being
censored. I mean a lot of people lost their jobs. Yeah, damages
are in order for that. Yeah, So there could be a class action
lawsuit the you know, the one million most heavily censored people in the country
against the US government. That would be oh yeah, that would be a
great lawsuit. God. You can you imagine the the lawyers lining up to
to try that case. Yeah, I think they could easily do it.
It opens up a whole can of worms. What about when the when a
certain company that follows the alphabet. What about when they just take somebody off,
they deep platform them and the government didn't ask for it. Well,
you gotta wonder all this d platforming that took place, was it at the
behest of the government, because we didn't get the full They did discovery,
but they didn't do full discovery of every single person who got d platformed.
And was it at the behest of the government. I mean, we don't
know that. We thought, I personally thought they're just a bunch of lefties
and they're censoring righties, you know, But maybe there's more to it than
we even thought that it was at the behest of the government that all of
this censorship started in the first place, in which case they're effectively carrying out
the government's will by doing it. So they're agents of the government. So
the government really is infringing on your First Amendment rights, which the court has
said they are. Well, you would think too that right now liberals are
appalled by this process, right because they're in their current incarnation. The Democrats
are pro censorship, so oh yeah, not happy bars pro censorship. You
would think that the left in general, because they're they're the ones who get
censored most often, at least historically. So you would think that they would
be kind of relieved by this because sooner or later, you know, the
American Communist Party and all the socialist offshoots and pretty much everybody on the left
are going to be censored again. You know, they're going to be picked
on by a conservative government at some point in the future and that deep platformed
and imprisoned and whatever. You know, it's the usual thing that has happened
to the left over the years because they were usually the ones opposing wars.
So you would think that they would have a good feeling about where this is
going, and they would want it to get to the Supreme Court, and
they would want the Supreme Court rule that censorship by the government is on constitutional
full stop and the story. But it was so far that's not the case.
Yeah, you would think, but you know, they were the ones
that were behind it. Hey, you would think they were anti war if
I seem to remember Vietnam and Iraq, not so much Afghanistan. They were
always against it. And now in Ukraine everything is good, right, Yeah,
it's been quite a transition. I mean there is even are you you
know who Mary Ann Williamson. Oh, yeah, sure, she's a new
age. Yeah, well, she's a presidential candidate now. I know.
I subscribe to her email list because I like to get a good laugh every
morning at her. You know, even she is in favor of the Ukraine
War. Really see, she and Bernie Sanders are in favor of the Ukraine
War and in favor of supporting You can really check it out. Yeah,
it's astounding. Yeah. So yeah, so it's coming to it's well,
Donald Trump broke the left, that's all, you know, that's that's the
sentence that explains at all. He He terrified an awful lot of people on
the other end of the political spectrum to the point where the owns justify the
means. You know, you can do anything as long as it's in the
service of putting Donald Trump in prison and inpendent, you know, do prop
be damned well. And Donald Trump and Vladimir Putin are are so closely intertwined
in the minds of people on the left now that that you can also do
anything to get rid of Putin, including right up to and including starting a
nuclear war. So we you know, a big part of the country has
gone absolutely crazy, and uh, and you know Trump did that. It's
all Trump's bault. Well, we're getting a warning of a child kidnapping in
Palm Beach County. I think that's our cue to let it go. John.
Make sure you go over to John's site Rabino dot substack dot com.
Subscribe to his material. A lot of interesting things about portfolio performance I've witnessed
lately. Hey, check out our site Financial Survival Network dot com. Make
sure you sign up for your free newsletter, John. We will catch up
with you in a couple of weeks. Take care. Thanks for listening to
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