All right, and now we're going to end with the lead, which is
a no no in journalism. Right, is Elon Musk the most powerful person
on Earth? And let's just look at what's going on article today. The
guy basically owns space all right. Half of the satellites floating around up there,
we're put up there by Musk. Well, actually I should say I
should rephrase that half of the satellites floating around are owned by Musk, by
SpaceX. A lot of the rest of them were sent up there on his
rockets. And now we find out that the Internet, satellite Internet was basically
the only thing that kept Ukraine in this war. Throughout the entire time,
you were listening to Carrie Let's Financial Survival Network, where you get valuable information
you just can't find anywhere else to thrive in today's trying times. You need
the Financial Survival Network now more than ever. Go to Financial Survival and Network
dot com and get your free newsletter in gift Financial Survival Network now more than
ever, And welcome. You are listening to watching the Financial Survival Network.
I'm your host, Carrie Lutz. With us is our good friend John Robino.
You find him at Robino dot substack dot com and hey, John could
have you back with Missie a couple of weeks ago. But there's certainly no
shortage of things to discuss. I guess first and foremost is what is going
on with Japan? Hey Kara, Yeah, you know, this might be
the sum summer girl doldrums for the stock market, but there's a lot of
other stuff going on out there, and Japan is a good one to start
with. With a little bit of background. They cut themselves an amazingly sweet
deal. The Japanese government did a while back by pushing interest rates into negative
territory so they could issue bonds which people had to pay them for the chance
to own them. So the more the Japanese government borrowed, the better it's
cash flow was because people were paying them, you know, negative interests on
these bonds and stuff. So that was a great deal, and it went
on for a long time and allowed them to borrow even more money than they
had already borrowed. And now debt to GDP for the Japanese government is the
highest per capita in the history of the human race. No, no country
has ever borrowed like this because and like, yes, yeah, you had
to pay them if you wanted to own their bonds. But anyhow, that
that's starting to end now because of inflation. You know, twenty twenty two
was ten percent inflation for Japan, just like everybody else, and you can't
really have negative interest rate bonds in a double digit inflation world. So they've
had to allow the interest rate on their ten year bonds to drift up,
first two point two five percent, then to point five percent, and just
this past week they widened the band to allow that interest rate to go up
to one percent, and so the rate on ten year bonds instantly shot up
to point six percent, which is seen by the whole world as kind of
a capitulation. And so the yen is falling now, so so Japan is
in this box where the higher interest rates go, the more they owe on
their interest and it could be they you know, they have so much debt
out there that interest rates rising appreciably from here would be a debilitating interest bill
for them. But they need interest rates to go up in order to keep
the yen from collapsing, which would cause massive inflation, which would send their
interest rates up regardless, So they're kind of stuck in the place that all
profligate governments end up being stuck. And it's not clear what the timing of
all this is, but they're not far from a tipping point where if the
end keeps dropping from here, interest rates have to go up. But rates
go up much from here, interest costs eat the government alive. So this
is a thing to watch because it's completely possible that relatively modest moves in the
end and or interest rates pushed Japan off a cliff here financially. So it
might go on for a long time, or it might happen sooner rather than
later. We'll just have to see it. But they're definitely heading that way,
you know. That cliff is looming and they're walking towards it. Yeah.
Yeah, well we always knew this was going to come, but who
could believe that it could take thirty years? John, Well, you know,
the really extreme borrowing has happened pretty recently. But yeah, they had
a real estate bubble burst in the nineteen nineties and ever since they've been running
big deficits and you know, in introducing liquidity programs for various industries and stuff
like that. So so it's been expanding, you know, But they went
from having not terrible debt levels in the nineteen nineties, two pretty bad debt
levels a decade after, an extremely scary debt levels a decade after that,
to today's unearthly debt levels. You know, they so much money on a
per capita basis that there's absolutely no way out. But no other government is
even going to be able to get close to these levels without blowing up,
you know, because Japan had one specific advantage, which is that they ran
a massive trade surplus this whole time, so they had all kinds of money
coming in from the rest of the world, which allowed them to kind of
limp along, keep their zombie industries from falling apart, and take on a
whole lot more depth than they would have been able to do otherwise. So
the you know, the US, for instance, with our massive trade deficit,
we can't get that far into debt accumulation of Japan did, so we
have a shorter lease on this whole thing, although we've already borrowed, you
know, more than it ever seemed like we could. We're in the US,
we're the world's biggest debtor nation already, but on a per capita basis,
we don't touch Japan, so they're the one to watch as an example
of what's coming, or the US and Europe in a bunch of other countries.
So where does this leave us? Like, if Japan goes, then
you've got to believe the euro is going to go, everything's going to go
right, Yeah, and field currency world, the dollar in the euro in
the end only exists because we have faith in how well they're managed. But
you let one of them go, and then we start looking around and going,
well, you know, Europe's not that well managed either. You know,
are they going to have you know, the next crisis or will it
be the US? Or you know, does the US have to start World
War three in order to elevate the dollar? You know what's going to happen.
But the process of looking around and going what's next and who's next won't
be pleasant for the financial markets because once people start looking, they find all
kinds of problems out there. That's just kind of how human psychology works.
And what you feel like are good times, you're able to overlook the bad
stuff that's going on. But as soon as your mindset flips and you start
thinking, well, it's bad times, and then you notice bad things everywhere.
The financial markets will do that after one of the big fe arc currencies
collapses. And it does feel like now that it could be Japan. But
Europe that's a whole separate subject of mismanagement and stupidity and the imminent collapse,
because there's a lot of things going on over there that could make them first
instead of Japan. But if the Euro goes, it'll take the end down
with it, so the Japan won't get that much of a reprieve. Yeah,
I think you are correct there. So you know, there's just so
much going on. But Wall Street keeps going up. John, we're having
the return of the bull, however aboarded it might be. The market's been
doing pretty good. Yeah. Well, I posted a thing on substack a
while ago comparing the interest rate and stock market trends from the nineteen nineties and
the two thousands and today, And what happened in those two previous booms followed
by Big Bus was that the stock market started to go up and interest rates
went up to and then they went up in tandem for quite a while.
In other words, stocks kept getting more and more richly priced and interest rates
kept getting higher and higher, and then it reached a point where high interest
rates broke the economy and caused a big stock market crash, and so we're
basically replicating that pattern. Interest rates are going up, stocks continue to rise,
But there's a point at which interest rates will be high enough to choke
off economic activity, which means lower corporate earnings, which means crashing stock prices.
So that's all coming, and I think the reason why it hasn't come
already because interest rates are high enough now to theoretically do that. For instance,
it's already choking off commercial real estate and it's caused the housing market to
basically be frozen, but it hasn't crashed the overall economy. And the reason
for that is that we're running insanely high government deficits. You know, people
aren't paying attention to deficits anymore, but two trillion dollars or a year is
not an unusual deficit for US right now, and so that's massive fiscal stimulus.
So monetary policy is tightening, but fiscal policy is remaining extremely loose,
and that's allowing the economy to continue to grow in the face of higher interest
rates longer than it would be able to do otherwise. But you know,
there's a limit to that, because at some point interest rates are high enough
that you just can't justify borrowing anymore. It doesn't matter what the government's doing,
whether they're they're subsidizing you a little bit, or or whether they're keeping
taxes low or whatever. You just can't justify borrowing when your internal rate of
return is below the cost of capital. And you get there when interest rates
go up a little bit higher from here. So we are headed that way,
and I think it's it's possible that commercial real estate is the thing that
breaks first, but there's no way to know because there's lots of you know,
they call this the everything bubble for a reason. There's a lot of
bubble delicious stuff going on out there, and any of it conversed at any
time. And just when you thought it was safe to go to your ATM,
we get another bank collapse. This time though the Fed handled it and
Treasury handled it the way it's supposed to be. Where the bank closes over
the weekend, everything's fine, and then you wake up and you're now dealing
with their successor. And they called it, I can't remember a take under
or an overtake whatever, something like that, an overtakeover Kerry. I didn't
even see this. I didn't know there was another bank failure this weekend that
really happened last weekend. But the point is that the banking failure, you
know it, I think it was last weekend that it happened, and you
know it was. I can't remember the name of it now, but it
just happened last week and it was a California bank and it got taken over
by the Bank of the California or something like that, and it was actually
a smaller bank. Okay, we'll look it up. We'll post it in
the show notes. See these things we're talking about slowing down me I forgot
to mention. Manufacturing is slowing down all the pm I indices or are slowing.
But you take commercial, real estate, housing and small business activity.
Those are things that local and regional banks depend on. That's their business base,
and high interest rates are choking off so much of that and making bond
prices go down because higher interest rates are just the reciprocal bond prices, which
means that on the balance sheet of a lot of these little banks is a
whole bunch of bad paper and a lot of loans that haven't been taken yet,
So we could easily see a banking crisis re emerge when a few of
these banks are forced one way or another to take the losses that are right
now just paper losses and convert them into actual losses, and then that spreads,
that contagion spreads to the rest of the states and local banks, and
the federal government has come in and bail them out. You know that that's
something that is very high on the list of possibilities, and that could be
a domino that knocks down a lot of other dominoes because the small banks are
so intertwined with everything else in the country that you can't have a hundred small
banks fail, and that could easily happen without it affecting the rest of the
economy. Good luck trying to get a mortgage if a couple of your local
banks fail, because nobody else is going to want to deal with you while
that mess has been cleaned up. So, yeah, there's all kinds of
things could happen. That all of them are getting closer to a point at
which they become a crisis. Instead of a leading problem, they become a
here and now crisis. And there's no way to know which we'll go first,
but there's a bunch that will go at some point in the next year
or two. Yeah. Here it is a pack West Bank, or this
was the twenty sixth I think it was. It's taken over by Bank of
California. And it was actually a smaller bank in the Bank of California.
So they took it over. And it happened not this weekend, the weekend
before last, and nobody was any of the wiser this weekend a bank was
tiny, little nothing bank. State Bank in Kansas was pretty much closed down,
and the FTIC took it over one hundred thirty nine million dollars in assets.
So that's a pimple on the banking system. And I'm sure everybody's glad
it's gone. Now. Remember when one hundred and thirty million dollars was real
money? Everic Dirk said and said, I used to say he was a
speaker of the Senate or a majority leader of the Senate, and he was
the one who coined the phrase a billion here, a billion there. Pretty
soon you're talking about real money. Yeah, that's so offensive when the government
but yeah, yeah, but that was a while ago. Now and nounced
trillions instead of billions. Yeah, and pretty soon it'll probably be quadrillion.
So look like we got the economy slowing, we've got bank lending, bank
credit creation to business is hitting the skids, and housing is like the anomaly
here because actually the housing stocks a couple of weeks ago made new five year
highs. Um you know, guys like Lenar, like Poulty Homes, Kby
Homes, Dr Horton, they all hit new highs, even Tall Brothers,
which is on the luxury end of new housing. But there was an article
today in zero Hedge. I don't know if you caught it where they talked
about how they're cutting back. The price of new homes is going down and
they're putting less stuff in them, so less extras, which is where the
builders make all their money, and extras the actual house itself. You know,
there's a profit built in, but the real profit on a house is
when you want that fancy kitchen, cabinets and you want all this other stuff.
That's where they make the bucks. Yeah, the housing stocks went down
today and they're vulnerable to high interest rates just like anybody else in the real
estate market. But one of the reasons why they've been looking so good for
so long is that there's a shortage of houses out there because the people who
own houses and have mortgages from prior years are locked in to their three percent
mortgages. You know, they can't sell their house and then go buy something
else because they got to pay seven point two percent on the mortgage. So
there's very little inventory coming onto the market, which means home builders have a
better pitch. They can say, well, you can you can buy this
crappy use house over here or this one over here, but that's all that's
your inventory. But let me build you the perfect dream house. So true
that yeah, and so that's working for him, but that isn't the kind
of thing that lasts forever. If interrust rates go up beyond the point of
new home buyers being able to afford buying a nice, new, luxurious house
with all the bells and whistles, then the home builders suffer too. And
normally in a housing bus the home builders get crushed. They just hanked down
the near zero in two thousand and eight, two thousand and nine. So
the idea that somehow they're immune to the normal dynamic and real estate is probably
misplaced. I think they'll they'll suffer eventually, maybe just not yet on the
scale that they previously did. Ye I thought about like, you know,
I got my house at exactly the right time. Honestly, it's way more
space than I need. It's just me said, maybe I'll go to Lake
a two three bedroom condo. But then, even if that condo is worth
half of what my house is here, unless I buy it for cash,
I'm going to wind up making a mortgage payment that's the same as what I'm
paying now or even more. So I've got to be crazy to go downsizing.
So this is what's keeping a lot of older people in their homes because
they yeah, they can sell their home, take a big profit, but
then they got to put that all into the new place because prices have gone
up. Otherwise, if they have a mortgage, they would have to have
a mortgage fifty percent of the size of the mortgage there existing mortgage to pay
the same same debt service, same monthly payment, maybe a little bit less
in the taxes. So you can so you can downsize. It doesn't make
any sense. So you know, there's another interesting story in the housing market,
and that is demographic remember when home prices were going to collapse because baby
boomers were going to sell their McMansions when they turn sixty one, and that's
not happening. Part of it. It's probably that dynamic that you're talking about
that right now where you know boomers are, they're sitting in their mcmansion's going,
oh, man, if I sell it now, I'm going to have
to take out a monster mortgage. I don't want to do that. Maybe
I'll sit tight for another few years. And what that implies is that if
the FED were to force interest rates back down a little bit, but it
could open up a massive wave of supply in the real estate market because all
these boomers, you know, it's no fun having a four thousand or five
thousand square foot house when you're seventy years old. That's just a lot of
dusting of empty rooms that you got to do. That's a lot of plumbing
and electric that always needs to be repaired. Yeah. Yeah, So the
boomers, if they're like any other generation in human history, are going to
want to downsize when they can and as soon as as soon as the environment
is such that that's possible, then this market is just going to kind of
spass them with all the new you know, all this new inventory is going
to come on and the price of houses will probably ten even as interest rates
go down, which would normally be a good thing for house prices. So
we'll see it. But that's just another wild card in a housing market that's
very unusual right now. It's not behaving the way it normally does. Yeah,
totally. So. So we have a coup in Niger, or an
attempted coup, and they're a major resource producing country in Africa, particularly uranium,
which has really royaled the uranium market. Yeah. Well, this is
a good lesson or resource stock investors, and that is that political risk is
a real thing. A country or a company can have a great resource that
looks like it's going to be super profitable, but in a place that has
a coup or a civil war and any number of other things that fall under
the political risk umbrella, and it screws up your market. And it also
illustrates how companies that have resources in stable jurisdictions tend to respond very well to
political risk in other places. Because if you look at the uranium stocks right
now, most of them popped today. They're doing great because of this potential
disruption in the uranium supply. But there's one or two uranium miners in Nagier
who are not doing so well today because they might be cut off from world
markets for a while. So political risk is a thing, and it can
cut both ways. It can benefit you if it happens somewhere else, that
can hurt you if you're where it's happening. So pay attention to that with
your resource stock in dusting. Hey, let's not forget the new government might
not look so favorably on the existing concessions and they might just terminate them,
all right, take us to the World Court, or take us to whatever
arbitration there is, and we're just going to be at it out to new
company, and maybe we'll do it to uranium one, right whoever owns it
today. I think it might be Uranium one, but I'm not one hundred
percent sure, but yeah, that's that's a possibility. And in meanwhile,
there are a lot of other countries out there that are looking at the extractive
industries that are operating in within their borders and they're thinking they want a bigger
cut of the profits. So they're changing the terms of the concessions that happened,
and I think it might have just happened in Mexico with taxi in Chile
m with the percentage that the government takes from minds that operate there. So
so so you know, investing in resource stocks is complicated. That's the takeaways
A lot to think about. Well, that's the case. You need to
geographical diversity as well as diversity over the over the metal and minerals that you're
looking at the resources, you need to diversify them too. You know,
it's it's like anything else. But probably if you have twelve stocks in different
places with different things that are in tight supply. So you're a nickel,
you're in some platinum, you're in lithium perhaps, or any one of a
number of other ones, and then you're in Canada, you're in Nevada.
At least for now, North America compared to the rest of the world,
is a stable jurisdiction and we'll see how that turns out. But at least
then you have a shot and lots of uranium produced in Canada. So I
just find it fascinating that you know a country like Niger that of the world
cannot find on a map, John, they can't find it on a map
all of a sudden is like the tail wagging the dog and messing up the
market. But it was inevitable because production has been cut back and prices that
were kept artificially low by whatever means, for whatever reasons, by whomever,
conspiracy of the week you think might be controlling the prices. This is what
happens when you monkey with the market artificially over protracted periods of time, you
get these these disruptions. Yeah, yeah, and right now you pay a
premium or assets that are in North America, so that has to be factored
into you. You get resources in risky countries at a discount, and you
pay up to get them in Canada or you know, there's a lot there's
some gold mining going on in Nevada right now, which is a really good
arrosection for gold mining. So you do pay up a little bit for something
like that. So, um, there are a lot of moving parts and
you have to make a lot of judgment calls in this market. And up
Rick Rule, for instance, says that he likes risky countries because they tend
to be underpriced. And of the words the discount or yeah, the discount
that you got to pay. Wait, how does that work? You pay
a premium? Okay, yeah, discount, Yeah you get it. Yeah,
you're buying it a discount, and it's a it's an attractive enough discount
to make it worth his while. And he should know. You know,
Rick Rule says something about resource investing. You should take it as almost a
guarantee fact, you know. Yeah, but we're seeing the downside of that
now with the uranium thing in Africa. But yeah, interesting market. I
still think, well, the uranium stocks that are in safer jurisdictions have been
doing great and it looks like they're going to continue to do well. So
that's still a very interesting part of the recent roust market, and I think
any weakness in uranium stocks going forward should be a buying opportunity for people who
understand that market. And today, while we're talking about it, the first
new nuclear power plant went online in the United States in Georgia. I'm not
sure if as the modular designed one or not. My friends actually worked on
that and helped develop it. But first time in like, you know,
twenty thirty years, a new nuclear power plant has come onto the grid in
the United States, nuclear I used to be opposed to nuclear power because it
because it had an embedded risk where every ten years a nuclear plant melts down
and then nobody wants to touch those stocks for the next eight years. Yeah,
but I've kind of changed my mind lately because nothing really seriously bad happened.
When you look back at those nuclear accidents, Chernobyl is the only one
that was where there was a loss of a lot of lives. Loss pretty
messy, it's incredibly messy, but nobody died. They're they're gradually cleaning it
up and everything. So anyway, right, Yeah, and yeah, I
know when they told us about and when you put that against the incredible economics
of nuclear power. It takes you know, a beer can size amount of
uranium to basically power your life for your lifetime. Um and um, there's
so much you can do with power that is is that steady. For instance,
you can set up a nuclear plant and at night you don't need all
that power. You run it at capacity or whatever continuously, and at night
when no one needs that power, you can mind bitcoin, you can you
can create hydrogen and then use the hydrogen to run cars and then bypass the
whole electric battery thing, which is an environmental nightmare. So there are a
lot of upsides to nuclear that I think people are just beginning to grasp.
And I think that as more and more people figure it out, it moves
back into favor. And there's nowhere near enough uranium coming out of today's minds
to satisfy the resulting demand. So uranium is one of those things where there's
going to be panic buying at some point and it's whatever it is, sixty
five dollars right now. It no, No, that's still not enough,
not enough to satisfy the next decades demand. So it has to go up.
And as long as there's not another food Kushima in the near term,
a lot of countries are going to make the decision that while windpower didn't work
out as well as we thought it, well, natural gases is day jurisic.
We get it from Russia, and you know, so let's do nuclear
because we can control that. So I think that's the dynamic, and I
think it's going to get bigger and bigger barring that big accident that's out there,
and it's going to be a really successful segment of the commodities investing universe.
For quite a while, all right, and now we're going to end
with the lead, which is a no no in journalism, right, is
Elon Musk the most powerful person on Earth? And let's just look at what's
going on article today. The guy basically owns space all right, half of
the satellites floating around up there, we're put up there by Musk. Well,
actually I should say I should rephrase that half of the satellites floating around
are owned by Musk, by SpaceX. A lot of the rest of them
were sent up there on his rockets. And now we find out that the
internet, satellite Internet was basically the only thing that kept Ukraine in this war
throughout the entire time, because you know, it's just there was no other
way to communicate. Their whole communications infrastructure was targeted by the Rasans, blown
up in day one of the war. And yet because of Starlink, they're
able to run all their drones have military communications. And he's not within the
control at least in theory of any particular country. It's up to him whether
you know, if he says to Ukraine, you know you can have Internet
service, but I'm geo fencing crimea because we don't want to get involved in
crimea what are they supposed to do? And there's multiple countries and boats and
planes and everything else. All their internet connectivity comes down to Musk So that's
he owns the infrastructure for launching satellites. He owns the satellites for communication.
And then he owns a little car company called Tesla, which appears to be,
if not the most profitable car company, it is on the brink of
becoming the dominant automaker in the world. He goes around making deals with India,
with Indonesia, you know, with China, and you know he cowtows
to the shrine of Chairman Mao to keep good relations with China because half the
productions there. You know, the question though, is he the most powerful
person on earth right now? He does seem to be, doesn't he.
And you know, as rich as he is, they don't necessarily count SpaceX
in his net worth. And when that goes public SpaceX the owner of Starling,
Yeah, that's gonna be a really valuable company. So he's going to
add another fifty billion dollars or so to his network. But this um low
war but satellite internet thing, you know, it wasn't that intuitively obvious to
begin with, at least to most people, But I guess it was to
Musk. But it's like the Internet because you you can you can take out
a big communication satellite, but if you take out a hundred of his lower
Earth orbit tiny satellites, he'll just route around you, because it's the same
way the Internet. If you know, one note of the Internet goes down,
the signal still gets there. So it's very robust and that makes it
militarily really important. Now, at the same time that's happening, Jeff Bezos
is doing the same thing. He's using his space company to put up a
competitor of Starlinks, So you know, it's late to the game. Yeah,
yeah, it could be could be that he was waiting to see what
kind of beginner's mistakes Elon Musk would make. But it looks like he didn't
make very money. So Bezos is definitely late to the game. But you
know, we could could end up having some kind of a space war up
there between private sector companies with their Internet communications networks and stuff, because it
wouldn't be hard to weaponize those things, just like we were talking about with
drones. A bunch of small satellites that where you don't care what happens to
them. Yes, the very dangerous weapons up there. Yeah, so we're
entering a world where a lot of things that were inconceivable a few years ago
are suddenly not science fiction anymore. You know, that's just something that could
possibly happen. And who would win, Jeff Bezos or Elon Musk, you
know, you know, you don't even have to blow up the satellites.
You just have to bang one into another one. They're very sensitive, you'll
knock it out of operation. You know. It's also the things tied in
with the drone wars, So that to me, of everything that's happened in
Ukraine, you know, all this nuclear saber rattling and all that their own
wars are the most terrifying and significant advance in modern warfare. We already talked
about how like, you know, all of the US and Western military industrial
entities, and there are many of them out there, a lot of them
you don't even know who they are. But the big ones, Raytheon,
You've got Boeing obviously, Lockheed, a whole bunch of them. Well,
what we found out was that the whole thing that Russia was a threat during
the Cold War other than being a nuclear threat with missiles. It's just totally
false because you see how their weapons have performed in every war since the Arab
Israeli War nineteen seventy two. Every time there's been a confrontation between US Western
military technology in Russian Eastern military technology, they've been destroyed. So to me,
like this whole Ukraine war has just pointed up the fallacy the Cold War
that it was just a psi op to get us to keep spending more and
more money on this stuff. And now they're in their golden years of the
military industrial complex because all of the Russian arms, like in Ukraine, now
everybody sent them their Russian arms, they're all destroyed. They're all laying out
there. They'll be there a scrap. So now we're going to see is
the rearmament phase and all of these military industrial entities are going to clean up
on it. You know. But getting back the drone thing is is kind
of frightening. Yeah, Well, each new conflict now is you know,
it has its own objective, but it's also a way to test cutting edge
weaponry, and drones clearly are an idea that whose time has come, and
it gets more so as they get smaller, the more you can miniaturize these
things, the more terrifying they become. I'll tell you what a trend is
gonna be starting not too far into the future, is for rich people to
build drone proof houses. So in other words, you can't use a drone
to see inside the house, you can't break its windows because the windows are
reinforced, and so you were safe inside your drone proof house. But yeah,
you're you're right about the Cold War being one gigantic scam, and most
of what the US military industrial complex has done since has basically been business scams,
because the dirty secret to war is that you can make a fortune by
rebuilding what you've destroyed, and it's always the US military industrial complex that makes
that fortune. So we're, you know, we're increasing our military it's like
crazy, and we're destroying things all over the world that have to be rebuilt
with US weaponry. So yeah, we're we're running a business scam right now.
And you could say that other crises in the recent past have also been
business scams. We're on YouTube, so I won't name any names, but
conceptually, It's the same thing where you destroy something and then they have to
pay you to rebuild what you destroy it. So, yeah, you know
we're we are an evil empire. Let's just put it out there, and
we're behaving like one right out of Star Wars or something. It's like if
Tall Brothers could do a housing development, get everyone to move in, and
then burn it down and get you to pay them for the privilege of burning
it down, and then buy new houses from you, so that because you're
homeless, you've got to have a place to live, right, I mean,
that's that's what's happening here. It is such a scam. And as
much as I have misgivings about RFK, Bobby Junior, he was in a
town hall with Sean Hannity, not my favorite quote unquote journalist, and he
eviscerated him by explaining the history of the Ukraine War that evidently this informed journalist
had no idea about that. When Baker, basically James Baker, who was
a Secretary of State, negotiated the uh the deconstruction of the Soviet Empire,
he said, NATO will not take one more inch, and NATO's whole purpose
was fighting the Cold War. Once the Cold War was gone, there was
really no need for NATO. Maybe a rolled backed, scaled back NATO,
right, but there was no need for it. And yet now it's expanded
to twenty countries. It's Russia's worst nightmare. Now look a lot of mere
Putin and I think there's a he's not a nice guy. I think he's
a stone cold killer. He was KGB all the way and uh, you
know basically what they used to call on that that cartoon Rocky and Bullwinkle.
He was a member. There was Boris and Natasha and it basically, uh,
Putin is a no good nick. That's what they used to call them.
You know, good nick and you know all of that. But on
the other hand, they want to dismount, they want to dismantle, they
want to deconstruct Russia and they want to split it up. It's like it's
like World War One with the Ottoman Turk Empire and the Austro Hungarian Empire,
two empires declining, and all World War One was was a feeding frenzy by
the excess and the Allied powers to try to get their peace. And now
they see they're trying to do the same thing with Russia deconstructed destroy it.
And in fact, a guy, a Russian politician whose name escapes me,
said it has become an existential war for Russia. And that's what this is
all about, a battle of resources. China wants the half of Russia that
abuts China because they got too many people and not enough places, and the
resources, the largest untapped you know, basket of resources in the world is
all over Russia. There's so much of it that hasn't been exploited yet.
There's a resource battle with the ultimate goal of carving up Russia. Yep,
that is exactly Amato's. NATO's purpose shifted from defending against Russia to expanding and
strangling and dismembering Russia. Um. And you know, Russia and China are
emerging powers that are a threat to the US economically at least, you know,
if not militarily. They weren't ntil recently. Yeah yeah, yea.
So the Empire is striking back against these emerging powers. And I think the
goal of the US, both with China and with Russia is besides the resources
that it will gain from taking over Russia, but to take a couple of
competitors off the playing field. So yeah, this is this is great power
politics in the nuclear age, and it's insane because you cannot translate that kind
of mindset into a world where you've got weapons capable of destroying the human race.
So this is very scary because you've got basically crazy people in charge of
the US, and you know that a RFKAS. Yeah, but that interview
with Sean Hannity that that you talked about was a perfect illustration of that.
You had Sean Hannity, who is this moron neo Khan who has like three
blunt, forced talking points, that's all he knows about the subject. And
RFK who knows the names and the dates and the motivations and the timeline for
all of this stuff and can paint a picture of the US as the predator
in this story. So you know, RFK, I think he's he's a
very brave guy who's waking a lot of people up. I think. I
mean, the odds of him getting the Democrat nomination are about negative one hundred.
But he's doing a real public service by drawing a lot of eyeballs and
telling the correct story about art history. And because you don't see it anywhere
else, No, no, and hey, by the way, the President
declined to extend a secret service protection to RFK Junior over the weekend. Uh
you can. You can infer what you like from that, just as a
off the cuff note of interest. Well that's it. I think we're done.
We could so much news, John, We could go on for two
more hours. Probably a lot of you out there would like us too.
But in the meantime, till two weeks from now, go over to John
site, to Robino dot substack dot com, US Financial Survival Network dot com.
Questions, comments from on the YouTube channels, send us emails k l
atcarry Lutz dot com. We'll raise them next time. If we missed anything
that you'd like us to cover, please tell us. If you disagree with
anything that we covered, please tell us that John. We'll talk to you
in a couple of weeks. Thanks, Garious. Yeah, thanks for listening
to carry Lutz's Financial Survival Network your solution to today's trying times. For the
latest, go to Financial Survival Network dot com. Financial Survival Network now more than ever