1 00:00:00,160 --> 00:00:05,480 You're listening to Carrie Let's Financial Survival Network, where you get valuable information you 2 00:00:05,599 --> 00:00:10,880 just can't find anywhere else to thrive in today's trying times. You need the 3 00:00:10,960 --> 00:00:17,359 Financial Survival Network now more than ever. Go to Financial Survival Network dot com 4 00:00:17,359 --> 00:00:24,039 and get your free newsletter in gift Financial Survival Network now more than ever. 5 00:00:27,519 --> 00:00:32,240 Welcome you are listening to watching the Financial Survival Network. I'm your host carry 6 00:00:32,320 --> 00:00:37,520 Lust. Well, John Rabino is with us for our bi weekly chat. 7 00:00:37,960 --> 00:00:42,920 And well, John, if this isn't a slowdown, I read today that 8 00:00:43,399 --> 00:00:49,200 layoffs are quadruple what they wear last year. And of course nobody's talking about 9 00:00:49,200 --> 00:00:54,880 it, but you got tech layoffs at every major tech company in the country 10 00:00:54,880 --> 00:00:59,280 except maybe Tesla hasn't announced any layoffs yet. But how far can they be 11 00:00:59,359 --> 00:01:03,600 off? Yeah, it does seem like everybody's laying people off. Um, 12 00:01:03,400 --> 00:01:07,920 well, you know, Blos quarter GDP was up only one point one percent, 13 00:01:08,239 --> 00:01:11,640 or at a rate of one point one percent, which means the economy 14 00:01:11,719 --> 00:01:15,959 is almost at stalling speed already, so it's not a surprise they're layoffs. 15 00:01:15,959 --> 00:01:19,920 But pretty much everywhere you look there are signs of the slowdown right now because 16 00:01:21,799 --> 00:01:26,319 pending home sales just went down for the first time since November. Lumber lumber 17 00:01:26,359 --> 00:01:30,120 prices are plunging because of pending home sales being down. You know, commercial 18 00:01:30,159 --> 00:01:34,599 real estate. I think we talked about commercial real estate last time, right, 19 00:01:34,680 --> 00:01:38,239 but it's um, it's in a crisis. You know, at least 20 00:01:38,439 --> 00:01:46,560 certain sectors of commercial real estate are. Oil gave back its m post OPEC 21 00:01:46,760 --> 00:01:51,560 surprise production cut jump. You know, it's almost back down to where it 22 00:01:51,640 --> 00:01:57,000 was before that, and that's probably because of the slowing economy. And you 23 00:01:57,000 --> 00:02:00,319 know, the big one is that the the M two money supply continue us 24 00:02:00,560 --> 00:02:07,640 to go down. And I posted a thing called you can't you can't taper 25 00:02:07,680 --> 00:02:10,919 a Ponzi scheme the other day, and the point is that, yeah, 26 00:02:12,000 --> 00:02:15,199 we're we're we've cut off the money spicket. There isn't new money being created 27 00:02:15,800 --> 00:02:22,280 in order to roll over debt and bailout people who need bailouts. And so 28 00:02:22,319 --> 00:02:25,560 that means somebody, some sectors of the economy just won't get the money they 29 00:02:25,599 --> 00:02:29,400 need to survive and they're going to start blowing out. The commercial real estate 30 00:02:29,479 --> 00:02:35,280 is an obvious one, but a lot of lenders are either cutting off car 31 00:02:35,360 --> 00:02:40,639 dealers completely from credit or are making it really hard for car buyers to get 32 00:02:40,680 --> 00:02:45,960 the loans on, especially to use cars. So you've seen stuff like that 33 00:02:46,000 --> 00:02:49,520 all through the economy. And what that means is lots of people are going 34 00:02:49,560 --> 00:02:52,319 to be able to borrow or are not going to be able to roll over 35 00:02:52,400 --> 00:02:57,000 debt, and a lot of them are going to go bankrupt. They're going 36 00:02:57,039 --> 00:03:00,360 to stiff their creditors will then go bankruptcy, get one of these cascade failure 37 00:03:00,479 --> 00:03:07,439 things going when you try to shrink the money supply and it's um it's not 38 00:03:07,520 --> 00:03:10,759 clear that they're doing anything to reverse that. In fact, the FED and 39 00:03:10,960 --> 00:03:15,719 the ECB are scheduled to raise rates on May fourth, so watch that day. 40 00:03:15,759 --> 00:03:20,479 That's gonna be a big day if if inflation comes out I think on 41 00:03:20,639 --> 00:03:25,680 May second, at least for the EU, and then the central banks raise 42 00:03:25,759 --> 00:03:32,960 interest rates in the face of whatever the inflation number is. Then that's probably 43 00:03:34,000 --> 00:03:40,000 going to scare the equity markets, or at least sober up the equity markets, 44 00:03:40,000 --> 00:03:44,000 because you know, stocks have going back up. They're almost back up 45 00:03:44,000 --> 00:03:47,639 to where they were before the last bear markets started, and that's not normally 46 00:03:47,639 --> 00:03:53,560 how it should be heading into a recession. So I think very good chance 47 00:03:53,879 --> 00:04:00,599 of some financial sectors blowing up on a level that's big enough to need a 48 00:04:00,680 --> 00:04:04,879 government bailout and an equities bear market at the same time. So the second 49 00:04:04,879 --> 00:04:08,599 half of this year it could be a lot scarier than the first half has 50 00:04:08,599 --> 00:04:11,960 been so far. Yeah, and it's been pretty scary, that's for sure. 51 00:04:12,400 --> 00:04:16,360 Well, we can pretty much anticipate that when this happens going to happen 52 00:04:16,399 --> 00:04:23,439 in the first quarter. It's going to happen like September October. But one 53 00:04:23,480 --> 00:04:29,240 thing I noticed with the Nick Santiago from In the Money Stocks is we started 54 00:04:29,759 --> 00:04:35,360 a peculiar phenomena, and that is market crash is taking place during holidays. 55 00:04:36,920 --> 00:04:43,000 We had a couple of them over the past six months. We never used 56 00:04:43,000 --> 00:04:46,720 to get a crash during a holiday weekend, the three day weekend where the 57 00:04:46,800 --> 00:04:54,079 A team basically goes off to their Hampton's jaunts and leaves it to the B 58 00:04:54,240 --> 00:04:57,879 team and the C team to keep things going for a day. Now, 59 00:04:58,519 --> 00:05:01,920 I don't think they're going off to the Hampton so quick when the holidays come 60 00:05:02,319 --> 00:05:08,680 because something has happened to the market where these crashes have started to occur. 61 00:05:09,199 --> 00:05:13,319 Uh. Yeah, And what's our next holiday to test that pieces is it 62 00:05:13,360 --> 00:05:18,560 the fourth of July Memorial Day and that's also urban week in the Miami so 63 00:05:18,600 --> 00:05:24,199 it's a great time to not come to Miami. O Week I could have 64 00:05:24,240 --> 00:05:27,959 heard about. Is that is that sequel to Mayo or is that a hip 65 00:05:28,040 --> 00:05:32,160 hop festival that it was? Okay, you just leave it at that, 66 00:05:32,800 --> 00:05:40,879 Okay, yeah, alright, So layoffs are are just through the roof oil 67 00:05:40,920 --> 00:05:46,360 price is getting and more importantly, money supply going down, deficit going up, 68 00:05:46,759 --> 00:05:49,600 that sucks up all the available dollars. We get to have like a 69 00:05:49,680 --> 00:05:55,000 dollar shortage year where we really do have deflation. John, Well, that's 70 00:05:55,199 --> 00:06:00,680 um, that is kind of what we're saying. Because if if everybody needs 71 00:06:00,680 --> 00:06:05,920 to roll over debt or to um to borrow to buy something, and they 72 00:06:05,959 --> 00:06:10,720 only need dollars for that, right, and that if we're shrinking the supply 73 00:06:10,839 --> 00:06:14,759 of dollars, then you know, logically you could say that, well, 74 00:06:14,800 --> 00:06:19,120 interest rates have to go up, the dollar exchange rate will probably go up 75 00:06:19,160 --> 00:06:25,519 relative to other currencies, and so you get a tightening of one share conditions 76 00:06:25,560 --> 00:06:33,879 that way. So that might be how shrinking money supply manifests in the economy 77 00:06:34,879 --> 00:06:39,439 via a tightening of monetary conditions in a lot of different places, in a 78 00:06:39,439 --> 00:06:43,560 lot of different ways. And yeah, that wouldn't be a surprise. So 79 00:06:43,800 --> 00:06:49,680 it could be that this, this coincides with a quote unquote strong dollar and 80 00:06:50,120 --> 00:06:55,600 that you know, however you slice it from there, the effects are really 81 00:06:55,639 --> 00:07:00,360 bad. Yeah. Yeah, and they're global in scope here. This isn't 82 00:07:00,399 --> 00:07:03,519 just one country having an issue, John, this is the whole world. 83 00:07:04,160 --> 00:07:08,759 Well, almost everybody is tightening. And you know, the ECB is the 84 00:07:08,800 --> 00:07:13,439 shocking one. I wasn't really paying attention to found it, but they wrote 85 00:07:13,560 --> 00:07:16,680 they could. They raised their version of the Fed funds rate from the negative 86 00:07:16,759 --> 00:07:20,959 point five percent to three percent in less than a year, which is a 87 00:07:21,040 --> 00:07:28,759 really fast increase in interest rates. And a lot of a periphery countries in 88 00:07:29,600 --> 00:07:35,959 Europe, the pigs countries, which is what Portugal, Italy, Greece and 89 00:07:36,040 --> 00:07:41,720 Spain. Yeah, and that anyhow, their interest rates, especially on their 90 00:07:41,759 --> 00:07:45,279 ten year treasury bonds, have gone way up. Italy's is up in the 91 00:07:45,279 --> 00:07:50,600 floors now. So this is a country that's so over over leveraged that it 92 00:07:50,720 --> 00:07:56,040 had to have interest rates pushed by the ECB down to below what the US 93 00:07:56,120 --> 00:08:00,279 Treasury pays to borrow for it to survive financially. All of the sudden, 94 00:08:00,319 --> 00:08:03,439 it's paying four point three five percent or something like that on ten year money. 95 00:08:03,959 --> 00:08:09,399 Who in the right mind would lend Italy money for ten years even at 96 00:08:09,439 --> 00:08:13,639 four point three five percent, You know you're liable to see a negative fifty 97 00:08:13,639 --> 00:08:18,720 percent return on those bonds. So it's possible that this is a bigger problem 98 00:08:18,800 --> 00:08:22,879 for Europe, for the Eurozone in particular, than it is from the US, 99 00:08:24,000 --> 00:08:28,639 because so many of the weak Eurozone countries just won't be able to survive 100 00:08:28,879 --> 00:08:35,759 under these circumstances. And think about it. Would you loan money to Germany 101 00:08:35,799 --> 00:08:39,879 at two point three percent and not get his high a return, or would 102 00:08:39,879 --> 00:08:45,320 you learn it to Italy at four point three Well, see, that's that's 103 00:08:45,320 --> 00:08:46,960 an interesting thing out because let's talk about Germany. They used to be the 104 00:08:48,000 --> 00:08:52,480 country that got ever relied of everybody in the world. Germany was probably the 105 00:08:52,519 --> 00:08:56,879 best managed country at one time. Yes, but since then they've been making 106 00:08:56,039 --> 00:09:01,039 dumb mistake after dumb mistake. They basedly went to uh Well, when they 107 00:09:01,679 --> 00:09:07,559 formed the Eurozone, they opened borders internally, so you had free movement from 108 00:09:07,600 --> 00:09:11,600 one European country to another's the same way that Americans go from one state to 109 00:09:11,639 --> 00:09:18,159 another. But apparently a German assistance, they opened their external borders too and 110 00:09:18,240 --> 00:09:24,399 just let millions of North African refugees and other kinds of immigrants come in. 111 00:09:24,600 --> 00:09:28,320 And then once hit in, you know, once they land on a beach 112 00:09:28,320 --> 00:09:31,919 in Greece or Italy, they had unfettered internal momility within the Eurozone, so 113 00:09:31,919 --> 00:09:37,320 they could all go to Paris in London. You know, that created a 114 00:09:37,360 --> 00:09:43,639 lot of political turmoil where you've got these right wing parties that are anti immigration 115 00:09:45,559 --> 00:09:50,960 gaining popularity all over Europe. And those guys are also euroskeptics, so they're 116 00:09:50,960 --> 00:09:54,840 not really wetted to the idea of staying in the euro Zone at all. 117 00:09:54,159 --> 00:09:58,919 And then while your while Germany was doing that, they decided to close down 118 00:10:00,039 --> 00:10:09,360 all their nuclear plants and go to one M renewables and Russian natural gas. 119 00:10:09,960 --> 00:10:13,720 Very clear that turned out that renewables like solar and wind don't work all that 120 00:10:13,879 --> 00:10:18,720 well in a cloudy, not very windy country like Germany, so they didn't 121 00:10:18,720 --> 00:10:22,519 get nearly what they thought they were going to get from from clean tech. 122 00:10:22,240 --> 00:10:30,440 And then you know, with the German earther with the pipeline running natural gas 123 00:10:30,559 --> 00:10:35,960 to Germany from Russia. Um, can I say the US blew up that 124 00:10:35,000 --> 00:10:37,559 pipeline, because we we all know they did, But I don't think it's 125 00:10:37,639 --> 00:10:41,200 really official yet, and I don't want to get you banned, so I'm 126 00:10:41,200 --> 00:10:46,519 not going to say that. But yeah, yeah, but anyhow, Um, 127 00:10:46,679 --> 00:10:50,399 that pipeline got blown up. So now Germany is not getting enough gas 128 00:10:50,399 --> 00:10:54,320 from Russia to satisfy its needs, it's not getting enough electricity from solar and 129 00:10:54,360 --> 00:10:58,799 wind to satisfy its needs, and it's it's in kind of an energy crisis 130 00:10:58,799 --> 00:11:05,159 for having to close down big sections of its industrial economy. So where the 131 00:11:05,200 --> 00:11:09,879 rest of the Eurozone could function because for instance, Italian and Greek bonds were 132 00:11:09,960 --> 00:11:15,679 seen as German bonds. Yes, and with the German economy backing up the 133 00:11:15,679 --> 00:11:20,480 ECB, that's no longer necessarily the case because Germany might not have the ability 134 00:11:20,679 --> 00:11:26,960 to bail out a trillion dollar economy like Italy, and definitely not if you 135 00:11:26,200 --> 00:11:28,600 you know, if you include all the pigs countries at once blowing up, 136 00:11:30,039 --> 00:11:33,799 it's not clear that Germany via the ECB could bail out all of those guys 137 00:11:33,840 --> 00:11:39,840 without crashing the Euro. So they might have a bigger problem from turning off 138 00:11:39,840 --> 00:11:45,759 the money's pigot than the US does. And you know, we've got a 139 00:11:45,799 --> 00:11:50,559 big problem. So that's saying something. But if Europe and the US both 140 00:11:50,600 --> 00:11:56,039 have basically the same kind of Ponzi scheme death spiral that it looks like is 141 00:11:56,120 --> 00:12:01,360 a complete possibility right now, Van who knows what happens in the global economy, 142 00:12:01,399 --> 00:12:03,960 This is a big deal. You know, we have not seen anything 143 00:12:03,960 --> 00:12:09,639 micos in our lifetimes. Between the US and EU, forty five percent of 144 00:12:09,679 --> 00:12:15,919 global economic activity. All right, they're closing factories in China. There's a 145 00:12:15,919 --> 00:12:20,039 couple of YouTube channels where they went around the ports to look at the empty 146 00:12:20,120 --> 00:12:26,600 containers and literally it's empty containers as far as the eye can see. I 147 00:12:26,600 --> 00:12:28,399 mean, it could be a good opportunity. You know, there were those 148 00:12:28,600 --> 00:12:33,919 companies that were converting containers into houses, into small houses. You stack them 149 00:12:35,000 --> 00:12:37,039 up, you put them next to each other. So it could be a 150 00:12:37,080 --> 00:12:45,159 big opportunity in the reusable container housing market in China. But outside of that, 151 00:12:45,240 --> 00:12:48,720 I don't see much much rights, you know. And then you've got 152 00:12:48,919 --> 00:12:54,919 also the decoupling of the US and China which is also taking place, and 153 00:12:54,960 --> 00:13:01,519 I would say the West is decoupling to some extent from and then you've got 154 00:13:01,559 --> 00:13:05,879 the failure of the Chinese Belt and Road initiative. Basically, they invested all 155 00:13:05,919 --> 00:13:09,879 this money, they loan people money. It's like it's like a chapter out 156 00:13:09,919 --> 00:13:15,320 of the Confessions of an economic hit Man, the Belt and Road Initiative, 157 00:13:15,600 --> 00:13:20,120 Yet everyone into hawk loan the money, wait for them to default and then 158 00:13:20,200 --> 00:13:24,039 take over the Country's kind of like what the US used to do. When 159 00:13:24,799 --> 00:13:31,279 you know Guatemala brought to seize the or Costa Rica try to seize the banana 160 00:13:31,519 --> 00:13:35,360 plantations of US fruit, and you know that's when you get gunboat diplomacy. 161 00:13:35,720 --> 00:13:41,399 I'm wondering if Beijing is going to relate going to resort to gunboat diplomacy to 162 00:13:41,480 --> 00:13:46,639 collect all these loans. Another example, right here in the Bahamas, they 163 00:13:46,720 --> 00:13:52,919 built this huge, huge casino which was totally unnecessary in NASA complex of hotels 164 00:13:52,480 --> 00:13:58,559 for billions of dollars. China financed it it immediately. The Chinese ex import 165 00:13:58,679 --> 00:14:05,320 or International bank financed it in immediately went bankrupt because Chinese aren't going to go 166 00:14:05,399 --> 00:14:11,480 gambling in the Caribbean. That's just not their thing. And you know now 167 00:14:11,519 --> 00:14:16,399 I guess China owns owns the island just about. Um. You know, 168 00:14:16,480 --> 00:14:22,759 all these trends taken place here. It's you gotta wonder we're going to see 169 00:14:22,759 --> 00:14:26,320 that the first quarter collapse or maybe even late summer collapse. You know, 170 00:14:26,720 --> 00:14:31,279 what you're talking about with China is a variation of vendor financing. In other 171 00:14:31,279 --> 00:14:37,120 words, if you're selling something, you can loan your customer the money to 172 00:14:37,200 --> 00:14:41,759 buy it, and that works out great as long as they eventually can pay 173 00:14:41,799 --> 00:14:46,320 you back. Germany did that in Europe. They ran trad serpluses with all 174 00:14:46,320 --> 00:14:50,679 the picks countries and now a lot about depth is Germany is just going to 175 00:14:50,759 --> 00:14:54,080 have to eat it. China did the same thing with the Belton Road initigive, 176 00:14:54,840 --> 00:15:00,480 where you know, there are big sections of the developing world that it 177 00:15:00,679 --> 00:15:03,600 will never be able to pay China back, and so China is going to 178 00:15:03,639 --> 00:15:07,759 have to come in and take over these gigantic assets, which is going to 179 00:15:07,879 --> 00:15:13,720 raise I mean, that's like back when the West owned all the energy assets 180 00:15:13,720 --> 00:15:16,840 of the Middle East, for instance, and eventually those countries rose up and 181 00:15:18,240 --> 00:15:22,320 nationalize those assets. So China might be looking at something like that if they 182 00:15:22,679 --> 00:15:24,399 if they don't play nights. You know, they're going to have to extend 183 00:15:24,399 --> 00:15:31,919 and pretend on a lot of this debt to avoid countries just electing nationalists who 184 00:15:31,360 --> 00:15:37,639 nationalize the assets, and then China's out in the cold with the only option 185 00:15:37,720 --> 00:15:41,399 to invade or something, and they didn't want to do that. That's a 186 00:15:41,519 --> 00:15:45,080 US thing, you know, we had no problem invading other countries and murdering 187 00:15:45,120 --> 00:15:48,799 bail leaders. Felt China doesn't seem to want to do that. I don't 188 00:15:48,840 --> 00:15:56,519 pay. Yeah. Well, what's interesting also is that there's an additional motivation 189 00:15:56,639 --> 00:16:00,559 behind the Belt and the Road initiative is that it's a way to get money 190 00:16:00,639 --> 00:16:04,879 out of China. All right. You don't want to make money on these 191 00:16:04,879 --> 00:16:08,600 projects because then you have to send money back to China. You want to 192 00:16:08,799 --> 00:16:15,440 lose money. So then you get what authorized transfers out of China to these 193 00:16:15,480 --> 00:16:19,240 countries, and when there's a loss, who knows how much they're really losing. 194 00:16:19,559 --> 00:16:25,720 So it's a great opportunity to get flight capital out of China and invested 195 00:16:25,759 --> 00:16:30,279 in the Western real estate, whatever you want to do. So the motivation 196 00:16:30,399 --> 00:16:33,840 has always, in my opinion, this is a unique opinion to meet, 197 00:16:33,039 --> 00:16:37,279 has always been in these projects the Belton Road to lose as much money as 198 00:16:37,320 --> 00:16:42,240 possible. You know, it's like that to show the producers, remember so 199 00:16:42,519 --> 00:16:47,799 Zero Mustell and Phil Silver. They figure out, you don't want to make 200 00:16:47,879 --> 00:16:49,399 money in a Broadway play, you want to lose it. And then you 201 00:16:49,480 --> 00:16:56,639 get all this investment in from all these rich widows and you lose the money. 202 00:16:56,639 --> 00:17:00,440 You say sorry, honey, and that's what happened. But then the 203 00:17:00,840 --> 00:17:04,839 thing turns into a success and they wind up having to pay all these investors, 204 00:17:04,839 --> 00:17:08,559 and of course that's when they find out it was a big Ponzi scheme. 205 00:17:10,440 --> 00:17:15,480 So the key here is the goal is all these projects outside of China 206 00:17:15,640 --> 00:17:18,880 is to fail, but not fail so much that the government has to come 207 00:17:18,920 --> 00:17:25,240 in. Fail enough so you can keep siphoning money out of China and into 208 00:17:25,279 --> 00:17:30,000 the West. That's my theory. Okay, it sounds like an official version 209 00:17:30,039 --> 00:17:33,559 of capital flight, right. They're just shipping as much capital outside the country 210 00:17:33,559 --> 00:17:37,960 as they can in anticipation of bad things happening internally and stuff. You know, 211 00:17:40,519 --> 00:17:45,119 in today's world. That isn't even the top five crazy ideas. Hey, 212 00:17:45,400 --> 00:17:52,920 the top crazy idea is RFK Junior is going to challenge Biden now Look, 213 00:17:52,920 --> 00:17:57,240 if it's an honest primary, I believe that RFK would probably win. 214 00:18:00,079 --> 00:18:03,240 Well, we're not going to be any debates, and there probably won't be 215 00:18:03,240 --> 00:18:07,640 any TV he'll be he'll be barred, they'll send him. The only interview 216 00:18:07,680 --> 00:18:14,119 he'll be able to get is on Tucker Carlson's website. Well, you know 217 00:18:14,200 --> 00:18:18,400 that that's true. Nobody will will talk to him in the mainstream media. 218 00:18:18,480 --> 00:18:23,240 And but you know what, you go on Tucker Carlson's website and Joe Rogan 219 00:18:23,839 --> 00:18:29,640 and you've been seen by ten times as many people as would see you if 220 00:18:29,640 --> 00:18:33,799 you went on CNN or MSNBC. So I think, for the first time 221 00:18:33,920 --> 00:18:37,039 ever, the alternative media is big enough to do an end run around the 222 00:18:37,079 --> 00:18:44,599 mainstream media. So you know, it's completely possible that And another reason why 223 00:18:44,640 --> 00:18:48,000 it's possible is that he appeals to both right and left because his the holy 224 00:18:48,039 --> 00:18:56,319 anti vaccine thing he did plays very well with him Fox's current audience and with 225 00:18:56,400 --> 00:18:59,359 libertarians. You know, there's an awful lot of people out there who believe 226 00:18:59,400 --> 00:19:03,359 he's been he's been right and fout he's been wrong, which means he gets 227 00:19:03,359 --> 00:19:10,279 a very broad based potential audience. And you're right, if he ever debated 228 00:19:10,319 --> 00:19:15,880 Biden, he'd make forty points of you know, up that day, you 229 00:19:15,920 --> 00:19:22,680 know, because Biden really shouldn't be doing debates right now against anybody and doing 230 00:19:22,720 --> 00:19:29,839 them, you know, and Um Kennedy is articulate with a really good memory 231 00:19:30,000 --> 00:19:34,559 for facts, figures and details, so he would he would be throwing real 232 00:19:36,319 --> 00:19:41,279 um facts and figures at Biden, who will be coming back with stories about 233 00:19:41,319 --> 00:19:44,160 corn pop and stuff like that, you know, from from when he was 234 00:19:44,160 --> 00:19:47,799 seventeen years old. And I think it would be ugly. It'll be very 235 00:19:47,880 --> 00:19:53,759 ugly at in the meantime, like all of these uh ev personalities are getting 236 00:19:53,799 --> 00:20:00,519 fired. Don Laman on CNN the canned him because he misogynist. I don't 237 00:20:00,559 --> 00:20:06,160 know, and I don't know exactly what that means in his case, but 238 00:20:06,240 --> 00:20:12,079 evidently he didn't play well with his colleagues. Ucker Carlson has shown the door. 239 00:20:12,720 --> 00:20:18,160 What do you think about Pucker Carlson? Tucker Carlson, I think I 240 00:20:18,200 --> 00:20:22,960 think it was inevitable because he was so far off the reservation, because he 241 00:20:22,359 --> 00:20:27,240 was anti war when the entire mainstream media is in favor of the Ukraine War. 242 00:20:29,200 --> 00:20:34,559 He's anti immigration, m a in a way that makes sense when a 243 00:20:34,680 --> 00:20:40,559 huge chunk of the mainstream is is pro immigration. What else? There were 244 00:20:40,599 --> 00:20:45,440 three, three or four other things where the anti big Pharma. Oh, 245 00:20:45,480 --> 00:20:49,559 that's right. Basically like the week before he got fired, he went on 246 00:20:49,599 --> 00:20:56,960 a rant about Big Pharma owning the media seventy percent of their advert That could 247 00:20:56,960 --> 00:21:00,559 have won right there. If somebody have him see event that, it would 248 00:21:00,559 --> 00:21:03,000 have been over. That's it, I said, that is it. And 249 00:21:03,039 --> 00:21:10,160 then he'd have these outside the mainstream guests on, like Jimmy Door and and 250 00:21:10,400 --> 00:21:14,519 like RFK Junior, and yeah, that's that's right. He got fired right 251 00:21:14,559 --> 00:21:19,400 after the RFK interview. Yeah, so I'm sure it was a confluence of 252 00:21:19,440 --> 00:21:25,160 the events, but he never invited you or me on which was taking the 253 00:21:25,240 --> 00:21:29,400 stake. Might have gotten him fired a couple of year earlier, John, 254 00:21:29,400 --> 00:21:33,839 if he invited us, Yeah, yeah, well, well maybe his website 255 00:21:33,839 --> 00:21:40,440 will be more around well or open to alternative voices. Even Jimmy the Jimmy 256 00:21:40,480 --> 00:21:44,440 dor thing. Everybody who's listening to this who didn't hear the Jimmy dor thing, 257 00:21:44,480 --> 00:21:48,839 go check that out. It was astounding to hear something like that on 258 00:21:48,480 --> 00:21:53,400 in mainstream media. Yeah, and I don't know who's agree with Jimmy dor 259 00:21:53,440 --> 00:21:59,640 I think he's a useful idiot sometimes, but he does because mind, he's 260 00:21:59,680 --> 00:22:03,319 not holding to anyone, and he makes some really good points. I used 261 00:22:03,359 --> 00:22:07,799 to watch him every day a few years back. But you know, I 262 00:22:07,920 --> 00:22:15,079 believe what's going to happen now is there has been no heir to Rush Limbaugh. 263 00:22:15,599 --> 00:22:19,680 Okay, now, rush Limba is more of a doctrinaire Republican Conservative, 264 00:22:19,759 --> 00:22:26,160 but in his later years realized the futility of that party and the corruption of 265 00:22:26,160 --> 00:22:34,079 it. But when he went basically the right completely lost its way. Typer 266 00:22:34,160 --> 00:22:42,359 Carlson's more of a right slash libertarian rethinker. But I see this as his 267 00:22:42,440 --> 00:22:52,559 opportunity, or perhaps at the natural transfer for the evolution of the party from 268 00:22:52,680 --> 00:22:59,200 rush Limbaugh to Typer Carlson. Yeah, and Carrie, he'll be able to 269 00:22:59,200 --> 00:23:03,079 do it with with multimedia, you know, he will have access to so 270 00:23:03,160 --> 00:23:07,039 much more in terms of delivery than rush Lima ever did. So. Yeah, 271 00:23:07,079 --> 00:23:11,480 I mean you saw his He did this little podcast thing the day afterally 272 00:23:11,519 --> 00:23:15,880 got five million views. Yeah it's up to fifty seven million now. Oh 273 00:23:15,920 --> 00:23:19,839 really, so he normally got three thousand views or three to sorry, three 274 00:23:19,880 --> 00:23:29,359 million views, and so he got almost ten times as many viewers with a 275 00:23:29,400 --> 00:23:33,480 podcast then his show on Fox Scott. So yeah, it's gonna be ganuiney 276 00:23:33,559 --> 00:23:40,160 three. He has had liberated to actually really come his own platform or affiliate 277 00:23:40,200 --> 00:23:44,200 with another platform, but basically running. I know you have to go in 278 00:23:44,319 --> 00:23:48,640 any event, make sure you go to John's site Robino substack dot com, 279 00:23:48,720 --> 00:23:53,000 subscribed to his material and send us emails k L at Kerryletz dot com, 280 00:23:53,640 --> 00:23:57,000 leave comments on the YouTube below, and John, we'll talk to you in 281 00:23:57,079 --> 00:24:00,079 a couple of weeks. Thanks, sure, talk to you. Thanks for 282 00:24:00,160 --> 00:24:07,359 listening to Carry Lenz's Financial Survival Network, your solution to today's trying times. 283 00:24:07,720 --> 00:24:12,160 For the latest, go to Financial Survival Network dot com. Financial Survival Network 284 00:24:12,599 --> 00:24:15,119 now more than ever