WEBVTT

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You. Chilly effect is sponsored by
Wallstreet Window dot Com and listeners like you,

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Yeah, Yeah and now most agtivated
base of media check March twenty eight,

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twenty twenty four. Allegedly according to
that thing we call a calendar,

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and I think we're about to have
a solar eclipse coming up in the next

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week or so. But it's hard
for me to keep track of stuff around

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this time of year because my birthday
coming up April seven. So it is

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what it is. It was what
it was, and dear God, I'm

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going to be fifty two years old. I didn't expect any of that.

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A slightly younger man with me tonight
who is in my age group, and

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I'm happy to have him along as
always because you heard at the beginning right

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there, sponsored by Wall Street Window. Well, the guy behind Wall Street

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Window dot Com Mike Swanson, author
of two books that I highly recommend.

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Author of many books, actually,
but two books that I highly recommend are

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The War State of Core and Why
the Vietnam War. Now, in the

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second part of tonight's discussion, we
might get into something that relates to the

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Why the Vietnam War. Maybe maybe
not, or at least to the military

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industrial complex and the overall study of
it. We shall see. But in

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the first half we're going to talk
about an article that was actually published March

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twenty fourth on Wallstreet Window dot com. And oddly enough, most times you'll

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hear me say I don't I'm not
going to discuss the market tonight, And

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I'll even tell you be in the
no, go to Wallstreet Window dot com

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right, go over there and sign
up and this and that it's not just

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about Wall Street. Well, tonight
we are going to discuss a little bit

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about Wall Street and the monetary situation
gold et cetera, et cetera, et

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cetera. And also I want to
remind you to go over to Wallstreet Window

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dot com and sign up for the
morning News Digest. Why well, first

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of all, it's free, and
second of all, it's just a good

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thing to have. I always appreciate
having it. And I'm gonna drop the

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link in the chatroom at o'chelli dot
com. So if you haven't seen it

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there or I forget to put it
in the show notes for some odd reason,

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yeah, look it up there.
Anyway, if you go to Wallstreet

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Window dot com, I'm sure you
can maneuver your way through navigate, so

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to speak. It's pretty easy to
do at the website, and you can

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be well informed, be in the
know at Wallstreet Window dot com. Anyway,

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Mike Swanson's with me. How are
you tonight, Mike All, I'm

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doing good. Great to talk with
you. Always good to talk to you,

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sir. Now everybody for years and
years, I mean, what did

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I think of you as the financial
guy? Of course? I love your

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work as a historian as an author, for sure. I mean I appreciated

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the war state before I ever brought
you on the show. Still do appreciate

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it. Still call it required reading. Love every time I can turn somebody

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new onto it. But tonight we're
going to talk about some current events in

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the monetary situation and Well, a
phrase that you include in this well headline

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on the article gold hits new high. Okay, gold and how it trades

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and how it's rolling. This is
something that a lot of people keep track

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of with good reason. But anyway, gold hits new high as Federal Reserve

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turns super dubbish to set stage for
coming bubble bust. Now, a couple

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of disturbing things in that headline,
Mike, the the Federal Reserve turns dubbish.

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What do you mean by that and
setting the stage for the coming bubble

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bust? I mean, are we
looking at a catastrophic bursting of said bubble?

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Is this going to be part of
the cycle. Are we looking at

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the crash that goes along with the
economy that they keep telling me is healthy,

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despite the fact that I don't see
anybody's life improving. Oh, by

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the way, a bunch of articles
out just today telling us all about how

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the lowest wage earners are gaining out
there, and yet all the low wage

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jarners I know, not gaining a
damn thing. Prices still too damn high,

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Rents still too damn high. It
costs too much money to eat,

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or to breathe or do anything else. Mike, what is going on in

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the financial world as relates to this
article? Talk to us about it?

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Well, Ill, I want to. I want to. I've talked about

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what the Federal Reserve actually did,
and that's the real important thing in the

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article. In a few moments or
minutes, but I'll answer your last question.

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You know about this bubble bust thing
I put in there. I want

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to. I was making a comparison, and I'll explain it better when I

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talk about the Fed to what they
did in nineteen ninety eight. They lowered

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interest rates to nineteen ninety eight,
not because the economy wasn't a recession or

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the stock market was falling, which
is three. And they're really supposed to

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lower interest rates. I mean.
The idea is that we have a business

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cycle. You have times of expansion
in the economy and in times when the

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economy is weak, and the Federal
Reserve is supposed to raise interest rates when

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the economy is booming, and then
lower rates when the economy's not doing well.

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So okay, So an oversimplified version
of this real easy. When things

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are tough, things are not going
well in the general economy, regardless of

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how people feel about it, the
Federal Reserve is supposed to come on in

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usually speaking, and they'll cut interest
rates why to stimulate business, to stimulate

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borrowing, to stimulate the moving of
money, because not enough money is moving

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around. When things are going super
well, they'll raise interest rates to slow

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it down so the economy doesn't get
too hot too fast and cause a problem

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as well. The continuous balancing act, or at least that's the way it's

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always been represented to me. Is
that about right right. And the danger

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is if the economy is doing well
and they lower interest rates anyway, that

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it creates more inflation. It injects
more money into the system, in the

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financial system, and it can go. It can end up finding have trouble

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finding investments that make sense to put
that money into. You know, hedge

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fund managers get money, mutual fund
managers, and just even regular day investors,

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small investors, And when these groups
of people can't find good investments,

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they'll end up throwing the money into
very speculative investments that make no real sense

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in the long run, but can
turn into bubbles. So in nineteen ninety

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eight, anonomy was doing fine and
the stock market was going straight up,

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and then a hedge fund connected to
JP Morgan and some other Wall Street banks.

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It made some bad bets and got
in trouble, and the Federal Reserve

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lowered interest rates to bail them out. They said the fund was big enough

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that it held of risk to the
system, and they bailed it out.

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But what ended up happening was when
they lowered those rates, over the next

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year and a half, the stock
market, the Nasdaq went straight up,

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and that's when the Internet bubble formed. You know, young people don't even

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remember it, but it was a
big deal. Internet stocks were of all,

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the Internet was new, and there
are all these companies that were going

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public and trading and they made no
money. They were losing money, and

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because the Internet was new, people
are buying them, saying, well,

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we don't care that they're losing money
today. They got a lot of page

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views. I mean, we're buying
that because they got page views, They're

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gonna make money one day. Well, so this was the potential thing that

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was going on. And again,
you can't be mad at people for forgetting.

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I mean, you're talking about twenty
five years ago, a quarter of

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a century ago now, you know, if you go back to nineteen ninety

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nine, and by the time the
year two thousand rolls around, even though

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this has kind of gone down the
memory hole, we had a situation where

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a lot of money was disappearing into
these high speculations where there was potential for

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earning supposedly right with the Internet,
and it was gonna be big. It's

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gonna be big, it's gonna be
big. So you had initial offerings where

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if people were in on the initial
offerings. They had something high valued and

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it was causing other people to buy
up other things and drive up the value

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of stuff that literally was empty.
It was nothing more more than a web

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page. Like if I told you
today that a company has nothing more than

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a prominent web page that's getting some
you know, track traffic excuse me,

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you would say, well, yeah, so what. But back then it

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was a big deal and people were
like, let's dump money into it,

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and that caused an moor evaluation right
where it increased the size, Like all

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of a sudden, the stocks that
should have been worth probably a dollar,

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you know, the penny stocks almost
were suddenly worth twenty thirty forty fifty dollars,

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and people said, oh, I
got to get in on that,

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driving up the price of it more. And meanwhile, it's nothing more than

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a hollow shell that supposedly has future
prospects to it where it's going to be

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worth something. Yeah, they're just
a web page today, but they're very

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popular. Everybody knows them. And
this was again a time when nobody knew

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exactly how to monetize things on the
internet, you know, precisely. I

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mean, Amazon was nothing more than
a book and CD seller back then,

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I think you know what I'm saying. It wasn't a big deal, but

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anyway, so you got to put
this in perspective. So that's how it

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got heated up. And then you
had these huge bubbles again filled with nothing

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more than air regarding these companies,
these stock offerings, and that was driving

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the market, right, So that's
why you have this straight up market look

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that ends up busting around the time
that George w comes into office. So

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everybody remembers the tail end of the
Clinton thing as either prosperous or very good,

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very solid, kind of based on
this illusion that was going on with

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the stock market and the economy at
the time. Am I right or wrong?

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Yeah, that's correct. And then
it busted in two thousand and For

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the next several years, the economy
was very poor. There was a double

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dip procession, and in a lot
of ways, when the nine to eleven

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attacks happened in two thousand and one, the economy was already bad. The

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stop market was declining for two years, and then when the nine to eleven

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happened, the stop market fell more. The economy obviously, it was sort

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of like a one week shutdown UH
and and what happened though, in the

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imagination of most Americans the terror attacks. You know, that was now the

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new big event, the new story, and that was the explanation for the

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economic weakness. Well that the Bush
administration then presented the people. Over the

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next several months, they did different
things, but in reality, the economy

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was already bad before nine to eleven. And the thing about the Internet stocks

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in markets in general, this is
important. It doesn't matter if you don't

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know anything and you just open up
a Robinhood account and you're training for the

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very first time, or someone who
is managing a billion dollars that has been

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trading for fifty years and has always
you know, has made money every single

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year. It doesn't matter your level
of experience or knowledge. Even everyone involved

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in the financial markets can suffer from
a very simple trap, and that is

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that when the market, or a
group of stocks or gold we'll talk about

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later, but when something in the
market moves in the way you expect it

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to move or wanted to move,
or both, it's easy to think that

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you know the reason why the move
is happening, and people will present stories

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to explain the reason why it's moving. But if you don't know the real

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reason, you can eat easily get
trapped and and and be financially devastated.

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And that's what happened in in in
two thousand. Yes, the internet stocks

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were going up. Uh, and
it was a bubble. And now you

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know, it's obvious all the companies
weren't making any money and a lot of

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them went bankrupt, and and and
and and make and laugh at it.

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Uh. But at the time it
seemed to make all the sense in the

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world to millions of Americans that that
this was for real, that these stocks,

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you know, the Internet was new, and it was easy to believe

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the stories and uh. And they
didn't ask questions. They didn't look at

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prospectus, you know, they didn't
go and look at it at the perspectives

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for an internet company valued at five
hundred million dollars whose headquarters is in a

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closet. Because they didn't look at
the prospectives. So they would have looked

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at the perspectives, they would have
known that it made no money and it

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was in a closet, so it
was probably a scam. But the same

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thing is happy now right now,
Bitcoin has gone to seventy thousand and there's

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all these crypto coins, and people
are being told on YouTube and all over

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the place by all these bitcoin gurus
and crypto guruz that this is gonna replace

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the dollar. This is new technology, and uh, it's gonna replace gold.

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It's gonna all the currencies in the
world are just gonna be done with

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and bitcoin is gonna be the only
currency. And or they're or they're told

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this is a special coin. These
are new technologies. They've got white papers

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and and all this stuff, and
it's and and and they believe that this

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stuff is the reason the price is
going up. Well, what just another

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spector to bubble. Yeah. What's
funny to me is it's almost the same

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as because, by the way,
there was either a power ball or a

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Mega millions one or the other that
just went off and somebody won like a

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billion dollars. Right. The billion
dollar jackpot was collected in the town where

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I graduated high school. From the
top I sold there, uh in Neptune,

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New Jersey apparently, And I thought
to myself, if I was there

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at the time, here's what's interesting
is that people will now go to that

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shop. Right. I think somebody
bought it at a shop right in Neptune.

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Okay, that place is gonna be
flooded with brand new business for people

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going there to buy lottery tickets,
because the rumor will now go around that

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that place is lucky anyway. Not
only did it have a billion dollar winter,

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but there's lots of other winners that
come from there. You're now gonna

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hear the stories travel around up here
in New Jersey about how people have won

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from scratch offs from there. People
are constantly winning from there, and it's

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gonna draw a new business in.
But it's really based on guess what,

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nothing, But there will be an
increase in business, not just in that

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one establishment, but that entire area
is going to soon to be lucky.

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There's gonna be people coming from other
parts of New Jersey, New York,

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Pennsylvania, et cetera, who are
gonna go there now to buy their interstate

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lottery tickets and buy them in Neptune, New Jersey simply because the billion dollar

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ticket was just sold there. Okay, I'm not kidding, Mike. This

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will happen. If you check with
the New Jersey Lottery Commission, you're going

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to see a spike in sales in
Mammoth County, New Jersey for the next

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month or so easily, because people
are going to assume that since a billion

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dollar ticket was sold there and somebody
did, well, you now have an

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observable story. Now why am I
telling you this and filling you in on

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this lottery lore if you will,
regarding what goes on with these interstate lottery

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tickets, because it's got about the
same amount of value as these people who

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do these speculations. Where again,
like you said, there were internet companies

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that literally had like a what was
it, mailboxes, etc. Right,

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it used to be a place.
Now the UPS store offers you like po

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boxes with you know, street addresses, right where there were businesses based out

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of a PO box that had a
storefront property rented in the worst neighborhood possible

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where they didn't even set up a
desk. Okay, because the guy's still

218
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running it from his house off of
a cell phone with a rented PO box,

219
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and they're saying, well, this
company's worth five hundred million dollars because

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it's got a lot of traffic.
It's as hollow as that, and that's

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the way it ran back then.
Today there's other stuff, right, there's

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other tech we've talked about the way
the trading has been kind of manipulated with

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the computers and the way orders are
placed and all that. And meanwhile,

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a guy like you who knows what
it is to actually do research right and

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go and figure out which company actually
has the potential for earning and which would

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be a solid and steady investment,
you know, the old days. I

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mean, I think back to watching
TV shows. I think it was an

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episode of like Leave It to Beaver
or something where they invested some money into,

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like, you know, the town's
electric company, and they made very

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little money, but they didn't lose
their money, right. And other people

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went into some thing that was a
bit more flashy and it seemed like they

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were gonna make lots of money,
and they all took, you know,

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ten bucks and put it in the
stock market. I don't know what you

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could do in the fifties, but
there was they put ten bucks into the

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stock market, and maybe one guy
made fifty cents and they were like,

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oh, what a loser. Meanwhile
the other guy who was speculating high lost

237
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his ten bucks, right. And
I mean, this is the story that

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keeps repeating one way or another every
time new stuff comes along. This is

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just the way the stock market is
anymore? Or am I right or wrong

240
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about that? Oh, it's never
gonna change. But what's happening now that's

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similar is the Federal Reserve two years
ago, right, you know, everyone

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knew and you know everyone was suffering
and still is from the inflation. And

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uh three well three years ago and
it started. They said it would go

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away. They used the word transitory, and they said it was all being

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caused by the COVID lockdowns and supply
chain issues and those would be fixed and

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then the inflation would go away.
Well that proved out to be wrong because

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that wasn't the only sole cause of
the inflation, and that had a temporary

248
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part to it. No doubt he
had an impact, but it wasn't the

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sole reason, right right, right, I mean, just as the bigger

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reason was the simple fact that the
feder Reserve in twenty twenty, when the

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lockdowns began, they lowered interest rates
to zero. Now, Donald Trump was

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calling for interest rate cuts before the
before the march and lockdowns anyway, you

253
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know, he thought it would help
him in the election, and he would

254
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yell and go on Twitter, what
about interest rate cuts? Well, when

255
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the lockdowns began, he had a
the market was crashing, and he held

256
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a press conference and he had Jerome
Poal, the Federals are chairman, there

257
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with them, and it was held
on a Sunday, and they announced together

258
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the interest rates were going to zero. So Trump had what he always wanted

259
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finally, I mean didn't get it
for the reason he wanted, but he

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finally had interest rates lowered all the
way to zero. And then Jerome Poal,

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he said he's going to do a
money printing operation, unlimited amounts of

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money to stabilize the bond market,
the corporate bond market and so forth.

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And that's what they did. And
they printed and printed and printed, and

264
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they and and the you know,
the budget deficit exploded to over a trillion,

265
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and they injected all this money in
the economy. And and in the

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end, uh, more money in
the When there's more money in the economy,

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Uh, it's going to create inflation, if you know. And that's

268
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what's happened a primary cause. So
they realized that after they said it was

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transitory, it didn't go away.
It took them about a year to understand

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it or remit that it's not going
away. And we're going to have to

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do something about it. And what
they did was drone pow. The Federals

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Are chairman announced that he's going to
start to raise interest rates to make it

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so money becomes more costly. There
therefore could be less money in circulation and

274
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inflation would diminish. And what ended
up happening is they did that. The

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stock market had a bear market in
twenty twenty two, and it bottomed out

276
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and went back up last year,
and they continued to raise rates, and

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then all of a sudden in October
they stopped, and that's fueled the market

278
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going up at a fast rate,
and now bitcoin is going up at a

279
00:22:04.839 --> 00:22:14.319
fast rate too. Now the inflation
is gone, the rate of inflation is

280
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lower than what it was, but
it's not gone down to where they wanted

281
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where they said they wanted to go
about saying the numbers are correct, but

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the CPI annualized numbers that the government
uses. They said they want to get

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that down to two percent. That's
what they're saying. Three years ago,

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two years ago, last year,
they wanted to get it down to two

285
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percent. And when they started raising
rates, they said, we got to

286
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get it there, and we're even
willing to risk recession to get it there.

287
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You know, things weakened. We're
not going to act until we get

288
00:22:52.720 --> 00:22:59.839
the inflation really down. Well,
it's at three percent. And last week

289
00:23:00.599 --> 00:23:06.599
they held a Federal Reserve meeting and
they said that they emitted the inflation's not

290
00:23:06.759 --> 00:23:11.839
going down as much as they expected. They're actually projecting it a little worse

291
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than they had in February when they
released the last projections, and they actually

292
00:23:18.519 --> 00:23:23.680
said there's no the unemployment rates low, they upgraded how much they think the

293
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economy is going to grow, and
then they said we're going to we want

294
00:23:27.279 --> 00:23:34.200
to lower interest rates three times.
So that's turning super dubbish to say you

295
00:23:34.240 --> 00:23:42.000
want to lower interest rates when the
inflation is still bad and they're in the

296
00:23:42.039 --> 00:23:48.440
economy is not only not in recession, but they're now saying it's doing better

297
00:23:48.480 --> 00:23:52.720
than they thought. So this is
going to put more fuel on everything.

298
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And I think it's the same sort
of thing that they did in nineteen ninety

299
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eight that created the Internet bust.
And now you know, the market may

300
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continue going up, but at some
point, and I can't tell you when

301
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it is. It could be three
months or six months or next year.

302
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But at some point, you know, this thing is going to top out

303
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and it's going to be a mess. And when you see, you know,

304
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bitcoin at seventy thousand, that's not
a sign that bitcoin is getting better

305
00:24:29.240 --> 00:24:33.079
or more people are using bitcoin as
money, because they're not. What it

306
00:24:33.160 --> 00:24:38.119
is is a sign of more speculation
in the markets. And now the size

307
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if you take the price of bitcoin
and all those crypto coins and the value

308
00:24:47.160 --> 00:24:52.799
of that altogether, it's called a
market cap. It's now surpassed the market

309
00:24:52.839 --> 00:24:59.240
cap of the Internet stocks at their
peak in the year two thousand. So

310
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that effected means that what is out
there cannot possibly be worth what people are

311
00:25:04.640 --> 00:25:10.680
attributing the value to. Right,
That's what it comes down to is now

312
00:25:10.720 --> 00:25:14.880
you have things out there that are
clearly overvalued. Am I right or wrong?

313
00:25:15.160 --> 00:25:22.519
Yeah? I mean for sure.
I mean the stock market, there's

314
00:25:22.519 --> 00:25:27.799
different ways you can measure the valuation. The earnings ratio, that's a price

315
00:25:27.880 --> 00:25:34.440
earnings ratio. Well, there's a
metric called the Sickly justipe that's the ten

316
00:25:34.519 --> 00:25:40.079
year average of this earnings ratio justice
per inflation. It's at the third highest

317
00:25:40.200 --> 00:25:45.799
level in its history. Uh So
that's one way to measure it, you

318
00:25:45.839 --> 00:25:52.039
know, beyond the crypto coins.
But I'm just saying that the crypto coins

319
00:25:52.559 --> 00:25:56.400
are similar to internet stocks, and
that you know, they have no value

320
00:25:56.440 --> 00:26:02.920
at all in the real econ me. And someone will get angry, I

321
00:26:02.960 --> 00:26:07.319
know, and say that's not true. Bitcoin. You know, I hear

322
00:26:07.359 --> 00:26:12.240
all this stuff a bit bitcoin and
and this and that. Well let's I

323
00:26:12.279 --> 00:26:17.039
don't believe that, but let's just
say, okay, there's value to bitcoin.

324
00:26:17.480 --> 00:26:22.440
Well, the crypto market now is
more than just Bitcoin. The top

325
00:26:25.319 --> 00:26:30.960
one hundred coins include names such as
ronan Ando, Chili Flair, Pifth,

326
00:26:32.079 --> 00:26:37.720
Network, world Coin, Ordy,
with market caps over one hundred million dollars,

327
00:26:37.759 --> 00:26:41.640
Sandbox. And these things aren't used. No one can say these things

328
00:26:41.680 --> 00:26:45.880
are used anywhere except as instruments of
financial speculation. Yeah, I mean,

329
00:26:45.920 --> 00:26:51.160
I have an account sitting somewhere with
ethereum in it. I don't know what

330
00:26:51.200 --> 00:26:55.319
that is exactly, but it's a
it's a cryptocurrency. Yeah, it's the

331
00:26:55.319 --> 00:26:59.039
second biggest one. Okay, So
I have an account sitting with some of

332
00:26:59.039 --> 00:27:02.640
that in era. Not much,
but sure, you know, and I

333
00:27:02.680 --> 00:27:06.680
didn't buy it, but there it
is. I mean, and look,

334
00:27:06.880 --> 00:27:10.680
if somebody doesn't want their bitcoin by
all means, I'll take it off your

335
00:27:10.720 --> 00:27:15.279
hands. But the thing is,
I would not be trying to sink real

336
00:27:15.279 --> 00:27:19.279
money into it right now, not
the way it's being valuable. Well,

337
00:27:19.839 --> 00:27:23.960
I'm saying these things, and I'm
not saying it's gonna fall now. I'm

338
00:27:25.000 --> 00:27:30.039
not telling people to sell their crypto
coins. I'm just saying, one day

339
00:27:30.200 --> 00:27:33.960
the bubble is gonna bust and it's
all gonna crash, and you better have

340
00:27:34.119 --> 00:27:41.240
a strategy to get out or take
your profits. And just because it's been

341
00:27:41.279 --> 00:27:48.359
going up, don't believe what these
people are telling you, because whenever something

342
00:27:48.400 --> 00:27:52.480
goes up in the markets, there's
people telling stories and they may not be

343
00:27:52.599 --> 00:27:56.799
lying, they may believe the stories. They may be told the stories by

344
00:27:56.839 --> 00:28:04.000
someone else to them. But yeah, it's it's it's it's just a story,

345
00:28:04.079 --> 00:28:10.039
you know, just like the Internet
stocks was a story, right well,

346
00:28:10.079 --> 00:28:11.799
and just like I told you about
now, all of a sudden,

347
00:28:11.839 --> 00:28:14.200
you know, Neptune, New Jersey
is lucky, right? Why not?

348
00:28:15.640 --> 00:28:18.599
And that's and that's really the directionality
here. Now, what does this mean

349
00:28:18.680 --> 00:28:22.519
for the you know, real day
to day economy, Uh, Federal Reserve

350
00:28:22.640 --> 00:28:25.039
rate, you know, changes rates
and this and that I mean, it'll

351
00:28:25.079 --> 00:28:27.440
change your ability to be able to
get uh you know, car loans or

352
00:28:27.440 --> 00:28:32.079
house loans and stuff like that.
Uh, it's going to affect you.

353
00:28:32.480 --> 00:28:36.000
And I'm wondering what that's going to
do to those markets, right, Like

354
00:28:36.599 --> 00:28:38.920
you know, cars are way to
hell up. I know because we tried

355
00:28:38.920 --> 00:28:44.160
to acquire one recently it didn't work
out. A little more difficult to get

356
00:28:44.160 --> 00:28:48.759
a loan right now in some cases
because of this. I don't know what's

357
00:28:48.799 --> 00:28:52.720
going on with the rates exactly,
like I don't fully understand it. But

358
00:28:52.119 --> 00:28:55.519
but but here we are. We're
in a situation where, again, the

359
00:28:55.559 --> 00:28:59.920
real world is very much disconnected from
this. So what you're saying is you're

360
00:29:00.039 --> 00:29:04.440
you're looking at peak value, uh, you know, allegedly against things that

361
00:29:04.480 --> 00:29:07.440
don't have any heavy real world value. Is that Is that about right?

362
00:29:08.519 --> 00:29:12.599
I mean in general, yeah,
in the financial markets, but for the

363
00:29:12.640 --> 00:29:17.759
real world, like you're talking about, they haven't started to lower interest rates

364
00:29:17.839 --> 00:29:22.799
yet. They're likely it looks like
they're going to start in June. Uh.

365
00:29:22.519 --> 00:29:29.039
In most what should happen is by
the end of the summer. Rates

366
00:29:29.079 --> 00:29:33.240
like if you go buy car,
mortgage rates, credit cards, and so

367
00:29:33.319 --> 00:29:38.359
forth, the the rate of interest
should be a little lower in and in

368
00:29:38.400 --> 00:29:45.599
one sense, you know, that'll
be helpful to people. But in the

369
00:29:45.640 --> 00:29:52.240
outlook for the next couple of years
or beyond this year, they're abandoning there

370
00:29:52.400 --> 00:29:56.200
By doing this, they're ending their
inflation fight, and inflation will come back

371
00:29:56.640 --> 00:30:03.400
or grow and be worse again.
You know that is going to cost well,

372
00:30:03.480 --> 00:30:07.319
you know. And here's the thing. Inflation is not as bad,

373
00:30:07.400 --> 00:30:10.359
but it's still going up. I
don't think it's going you know, we're

374
00:30:10.400 --> 00:30:12.680
we're not looking at a reverse on
the curve here where it's you know,

375
00:30:12.720 --> 00:30:17.920
going down right. I mean,
anything you experience in the day to day

376
00:30:17.920 --> 00:30:21.000
world again, your grocery store,
any of the I don't know if you've

377
00:30:21.000 --> 00:30:23.720
taken a look at your utility bills
lately, but I've got increases there that

378
00:30:23.799 --> 00:30:30.519
I don't even understand based on the
value. Right, it seems like that

379
00:30:30.519 --> 00:30:34.799
that that is there regarding my payments
and stuff. So seems like your dollars

380
00:30:34.799 --> 00:30:40.160
are losing value during this whole thing. Uh, they're losing it a little

381
00:30:40.240 --> 00:30:44.440
slower because they say the inflation is
lesser, But that's about it. I

382
00:30:44.480 --> 00:30:47.079
mean, is that is that the
only result we have here? And then

383
00:30:47.480 --> 00:30:51.559
maybe during the summer, if they
start reducing these rates in June, you

384
00:30:51.680 --> 00:30:55.799
might see lower rates on loans and
things. But outside of that, is

385
00:30:55.799 --> 00:30:59.039
it gonna or are we looking at
any major changes in the next few months.

386
00:31:00.240 --> 00:31:03.880
I don't. I doubt it,
but you know, we'll see I

387
00:31:03.960 --> 00:31:08.240
doubt it. I doubt it.
So I have a question in the chat

388
00:31:08.279 --> 00:31:15.480
room. Actually, if Mike has
an opinion on QF, let's see QFS

389
00:31:15.519 --> 00:31:19.880
the quantum financial system, because you
know, I mean, look, I

390
00:31:19.880 --> 00:31:22.720
know a little bit about the quantitative
easing that was going on, and then

391
00:31:22.759 --> 00:31:26.880
they said, forget the quantity,
We're just going to print endlessly. So

392
00:31:26.079 --> 00:31:30.480
quantitative easing turned into screw it,
We'll just turn on the printing presses and

393
00:31:30.480 --> 00:31:34.079
not shut them off. But do
you have anything to say about quantitative financial

394
00:31:34.119 --> 00:31:40.279
system? I guess, And what
is this ISO twenty twenty two? What

395
00:31:40.440 --> 00:31:45.200
is that elaborate chatter? I want
to know what you're asking about there,

396
00:31:45.279 --> 00:31:49.079
if you don't mind, because I
don't understand the question myself, do you,

397
00:31:49.160 --> 00:31:56.119
Mike? I don't know what I
s A twenty okay, So what

398
00:31:56.200 --> 00:32:07.519
about the quantum financial system the QFS? You know what he's referring to or

399
00:32:08.319 --> 00:32:12.480
I mean, I think it's the
idea that they're going to have these central

400
00:32:12.480 --> 00:32:17.079
bank digital currencies. Oh maybe the
CBDC thing where you know where we're coming

401
00:32:17.119 --> 00:32:21.880
into the new cryptocurrency that's going to
be issued by the government, that kind

402
00:32:21.920 --> 00:32:27.079
of thing. Yeah, look,
people put I mean, I don't know.

403
00:32:28.440 --> 00:32:34.160
One of the problems with the stuff
is that I just all this stuff

404
00:32:34.200 --> 00:32:40.079
gets thrown around and it's hard to
know what people are talking about because it's

405
00:32:40.119 --> 00:32:45.799
a lot of this is not nonsense. So for example, well people are

406
00:32:45.799 --> 00:32:49.400
trying to make sense of what they
see in front of them, right,

407
00:32:49.440 --> 00:32:52.200
which is a little bit of a
disconnect. I mean literally what you were

408
00:32:52.200 --> 00:32:58.079
describing there with the Federal Reserve manipulating
rates, generally speaking, when they would

409
00:32:58.119 --> 00:33:01.880
raise the rates, this would slow
the economy, uh naturally because obviously it

410
00:33:01.880 --> 00:33:06.240
would add to the cost of money
to borrow it, to move it around,

411
00:33:07.319 --> 00:33:08.640
stuff like that. And when you
reduce the rates, it would speed

412
00:33:08.720 --> 00:33:13.880
up the ability to move money around. Would help out in times when we

413
00:33:13.880 --> 00:33:17.599
were in a financial lull. But
those rules seem to change in the past

414
00:33:17.599 --> 00:33:21.720
few years, Well, they don't
have the same effect. Go ahead,

415
00:33:22.240 --> 00:33:28.240
put you this way, so now
I have the crypto advocates. They are

416
00:33:28.319 --> 00:33:34.960
saying that crypto is going to revolutionize
the global financial system and money, right,

417
00:33:35.079 --> 00:33:38.680
okay, Well in central banks are
going to use crypto, okay,

418
00:33:40.839 --> 00:33:52.559
And it's the problem is crypto is
not Look what central banks are doing,

419
00:33:53.839 --> 00:34:00.519
not what the gurus are telling you, all right, what central banks are

420
00:34:00.680 --> 00:34:06.200
No, there's not a single central
bank in the world except maybe the bank

421
00:34:06.240 --> 00:34:08.000
and they'll salvage of but I don't
even know they got a central bank.

422
00:34:08.159 --> 00:34:14.320
But there's not a central bank in
the entire world that's buying crypto, all

423
00:34:14.440 --> 00:34:20.239
right, not one. There's not
one bank bind bitcoin or any these other

424
00:34:20.280 --> 00:34:27.280
crypto coins on these websites, not
one. Banks hold four x reserves in

425
00:34:27.440 --> 00:34:35.639
currencies of other countries in gold.
So for example, you know, uh,

426
00:34:36.840 --> 00:34:42.159
the Bank of China is going to
own dollar reserves, yen uh Stirling,

427
00:34:43.119 --> 00:34:49.320
the Swiss frank and gold reserves.
And when they when they do global

428
00:34:49.440 --> 00:34:53.760
trade, they exchange these currencies.
You know, when the when the Chinese

429
00:34:53.840 --> 00:35:00.079
sell stuff to the United States,
they get American dollars and then they have

430
00:35:00.159 --> 00:35:07.519
to they store them or they transform
there's dollars into gold or bonds or something.

431
00:35:07.719 --> 00:35:12.199
But what they do not do is
buy crypto coins, right, Okay,

432
00:35:12.280 --> 00:35:16.320
So sometimes they have holdings that are
actually treasury bonds and things like this

433
00:35:16.880 --> 00:35:22.639
against the different countries so that they
have something to cash in when they want

434
00:35:22.679 --> 00:35:27.079
to go collect dollars, right,
And a lot of times they hold these

435
00:35:27.079 --> 00:35:29.639
reserves a long time. I mean
I had to go over this with people

436
00:35:29.679 --> 00:35:32.000
about China for quite a bit to
get me to understand even part of it.

437
00:35:32.880 --> 00:35:37.239
The ISO two hundred, well it's
two zero zero two two, it's

438
00:35:37.280 --> 00:35:44.840
not twenty twenty two. Two zero
zero two two is a multi part international

439
00:35:44.880 --> 00:35:51.719
standard prepared by ISOE Technical Committee t
S eighty eight Financial Services. It describes

440
00:35:51.760 --> 00:35:57.679
a common platform for the development of
messages. This looks like we have a

441
00:35:57.719 --> 00:36:02.800
new way for you to handle your
money through these different digital projects. Yeah,

442
00:36:04.400 --> 00:36:10.880
it's just until there's some real serious
announcement or something that's just techno babbles

443
00:36:10.880 --> 00:36:15.599
what I call it. But the
thing about the central banks and the and

444
00:36:15.719 --> 00:36:20.199
digital currencies, a lot of them
have said they're going to come out with

445
00:36:20.239 --> 00:36:24.079
a digital currency of their own,
like the bank if you can type the

446
00:36:24.119 --> 00:36:30.440
Bank of England or or London or
whatever it is. They said they're gonna

447
00:36:30.480 --> 00:36:34.880
make a digital sterling and I think
every once in a while I hear about

448
00:36:34.880 --> 00:36:42.480
a digital wand and so forth.
But they're not looking to I think it's

449
00:36:43.360 --> 00:36:46.039
for their own citizens, you know, they're not looking with the idea that

450
00:36:46.360 --> 00:36:52.639
these digital currencies are just going to
replace everything. Uh, it's it's more

451
00:36:52.760 --> 00:36:55.039
like an accounting gimmick or something.
Well it seems to me is though.

452
00:36:55.199 --> 00:37:00.679
You know, in a way,
every bank already has a digital format,

453
00:37:00.880 --> 00:37:05.280
right, every currency anyway, because
most of the time what they can do

454
00:37:05.440 --> 00:37:08.559
is trade things on their ledgers,
on their digital ledgers, right like you

455
00:37:08.599 --> 00:37:13.400
know, for instance, if China
wanted to turn around and really like you

456
00:37:13.440 --> 00:37:16.840
know, jackknife our economy in a
quick hurry, they could turn around and

457
00:37:16.880 --> 00:37:22.199
call in a whole bunch of their
treasury bonds and say, look, we

458
00:37:22.239 --> 00:37:24.639
need dollars for this, and literally
drain the money out of our economy if

459
00:37:24.679 --> 00:37:29.840
they wanted to, you know,
to the tune of I mean, people

460
00:37:29.840 --> 00:37:32.519
have given different estimates about this,
but I mean it's it's sort of a

461
00:37:32.559 --> 00:37:36.639
way to do it. But that
all gets done on computers. Nobody physically

462
00:37:36.679 --> 00:37:43.000
picks up pallets of dollars and ships
them to wherever when billions or trillions of

463
00:37:43.079 --> 00:37:46.599
dollars are traded or moved around.
They don't do that. They make journal

464
00:37:46.719 --> 00:37:52.119
entries basically. I mean, so
there is already like a digital format by

465
00:37:52.119 --> 00:37:55.239
which currency is exchanged. I mean, unless I'm wrong about I know,

466
00:37:55.239 --> 00:37:59.679
there's still physical exchanges, but it
seems to me as though the majority of

467
00:37:59.719 --> 00:38:02.840
it is already digital. And it's
just it doesn't have a separate name.

468
00:38:02.880 --> 00:38:07.320
It's just a dollar, but in
a digital form already. Yeah. I

469
00:38:07.320 --> 00:38:09.880
mean it's let's say you have a
bank account and you go online to look

470
00:38:09.920 --> 00:38:14.039
at your bank account and so you
had one thousand dollars in it. Well,

471
00:38:14.039 --> 00:38:17.000
that's not in cash. Yeah,
Well that doesn't mean that you have

472
00:38:17.079 --> 00:38:22.000
physical See, that's the thing.
You have something that's digital representation. So

473
00:38:22.199 --> 00:38:24.960
already there's plenty of digital representations out
there. That's why I always found it

474
00:38:25.000 --> 00:38:28.679
strange when people said, look,
it's a big deal. They're going to

475
00:38:28.760 --> 00:38:31.239
create a digital like you said,
a digital sterling, or you know,

476
00:38:31.280 --> 00:38:37.079
here's the digital dollar. Uh,
here's the digital whatever one like you said

477
00:38:37.159 --> 00:38:42.199
rupee. It doesn't matter because those
things already exist. So I don't understand

478
00:38:43.239 --> 00:38:47.119
exactly what it means, except if
they're going to create a parallel that has

479
00:38:47.559 --> 00:38:53.000
no uh supposedly no relationship to the
existing see, but how do you do

480
00:38:53.079 --> 00:38:55.719
that anyway? You know what I'm
saying, Like, how is it that

481
00:38:55.760 --> 00:39:00.000
you create something that doesn't have a
digital relationship. They all have exchange rates,

482
00:39:00.039 --> 00:39:05.320
even bitcoin, right, you know
again has an exchange rate basically,

483
00:39:05.400 --> 00:39:07.119
right, so you just got to
bring it to somebody who can actually make

484
00:39:07.159 --> 00:39:12.800
the digital exchange and turn it into
the dollars that you could eventually draw out

485
00:39:12.800 --> 00:39:16.159
in cash. But generally speaking,
you can turn your bitcoin into dollars anytime

486
00:39:16.199 --> 00:39:21.599
you want. You can turn anything
into dollars if you're in a place that

487
00:39:21.760 --> 00:39:24.360
you know is authorized to turn things
into dollars, right, And all that

488
00:39:24.519 --> 00:39:30.719
is is access to a digital network. It's not about physical money even so,

489
00:39:30.519 --> 00:39:35.360
you know, like I don't know, it becomes a very confusing thing.

490
00:39:35.360 --> 00:39:37.159
And at the end of the day, I don't think it's going to

491
00:39:37.280 --> 00:39:43.320
change the price of your tuna fish
sandwich. Okay, I don't think it's

492
00:39:43.320 --> 00:39:45.679
going to do anything to that.
As a matter of fact, that price

493
00:39:45.760 --> 00:39:49.360
keeps going up, and you know, the cheap lunch is no longer so

494
00:39:49.480 --> 00:39:52.079
cheap. You know what, I
mean, I mean I tried to buy

495
00:39:52.119 --> 00:39:57.440
a jar of peanut butter the other
day and was absolutely I didn't buy the

496
00:39:57.440 --> 00:40:01.400
peanut butter because it was so high. Weird stuff going on. Okay,

497
00:40:01.800 --> 00:40:05.239
what does it mean for us in
the real world, in the in the

498
00:40:05.280 --> 00:40:10.039
typical day to day Not much until
things actually crash. Then I think we'll

499
00:40:10.039 --> 00:40:13.880
see some other effects. And by
the way, I mean, are we

500
00:40:13.960 --> 00:40:16.599
due for a financial crash? I
mean, are we do for a stock

501
00:40:16.679 --> 00:40:21.960
market crash or are we looking at
a you know, an easy adjustment that's

502
00:40:22.000 --> 00:40:25.880
going to be done gradually. What
are your thoughts on that? Well,

503
00:40:27.000 --> 00:40:32.639
I mean, you know, them
lowering rates and I think it's setting it

504
00:40:32.679 --> 00:40:37.440
all up to go up more and
then crash. Yeah. I think they're

505
00:40:37.480 --> 00:40:40.800
just making a big bubble like they
did in the financial markets, like they

506
00:40:40.800 --> 00:40:45.400
did in two thousand. I mean, well, but do you think we'll

507
00:40:45.440 --> 00:40:47.440
see a sudden burst like that or
do you think it'll be the kind of

508
00:40:47.440 --> 00:40:52.599
thing that is sort of you know, guided and slowed down so that it's

509
00:40:52.679 --> 00:40:58.239
not so dramatic a crash where the
adjustment takes place, but it kind of

510
00:40:58.239 --> 00:41:01.679
has a parachute on it so that
it doesn't fall to Earth quickly and make

511
00:41:01.719 --> 00:41:05.960
a big thud. You think that's
what we're looking at, because we talked

512
00:41:06.000 --> 00:41:08.320
about that before, regarding the way
that things are traded in the way the

513
00:41:08.360 --> 00:41:13.559
computer, I'm really not sure.
I mean, it's possible that's what happens

514
00:41:13.599 --> 00:41:17.480
too. So well, here's the
thing, the dangerous speculation, and all

515
00:41:17.519 --> 00:41:22.039
I'm asking you to do is speculator. So I mean, I'm sorry about

516
00:41:22.039 --> 00:41:24.280
that, but I mean, this
is the thing. Do we have some

517
00:41:24.320 --> 00:41:31.800
sort of you know, catastrophic event
about to approach us regarding the financial system.

518
00:41:31.880 --> 00:41:35.480
It's the long standing question, Mike. I mean, it's it's always

519
00:41:35.559 --> 00:41:37.639
the standing question, right, And
of course I get I started to get

520
00:41:37.679 --> 00:41:42.440
nervous when I start to see,
you know, I'm getting slammed by commercials

521
00:41:42.440 --> 00:41:45.599
about you better buy gold now because
the dollar is going to fall. Right,

522
00:41:45.599 --> 00:41:49.920
not to say that it ever does
absolutely collapse, but when people start

523
00:41:49.960 --> 00:41:53.239
talking about it more and more,
it sort of encourages that idea, and

524
00:41:53.320 --> 00:41:58.199
it usually means that moves are coming
where it's going to look a lot more

525
00:41:58.199 --> 00:42:01.800
realistic that we are looking at a
crat, right, So anyway, I'd

526
00:42:01.840 --> 00:42:05.840
kind of like to change directions with
you. Sure do you want to take

527
00:42:05.880 --> 00:42:07.719
a break, or is there something
else that you want to state about this,

528
00:42:07.880 --> 00:42:12.000
or you know, add on to
well, I just was real quick.

529
00:42:12.000 --> 00:42:15.400
I'll just say like, no,
I'm not really sure that the quiet

530
00:42:15.519 --> 00:42:19.800
is gonna how is it going to
play out? Because I can only look,

531
00:42:20.519 --> 00:42:22.679
you know, I just really use
charts in the trends of the market

532
00:42:22.800 --> 00:42:29.880
to figure out where things are going, and they only look ahead three to

533
00:42:29.960 --> 00:42:35.599
six months, you know, so, and I don't see, you know,

534
00:42:35.800 --> 00:42:39.239
is no real it's all you know, there's no real bad signs there.

535
00:42:39.320 --> 00:42:43.599
So at the moment, I think, I think you boil it down

536
00:42:43.599 --> 00:42:45.519
in the last part of your article
here where you say and this is a

537
00:42:45.559 --> 00:42:50.159
quote from Mike's article at Wall Street
Window dot com. Uh. And again

538
00:42:50.239 --> 00:42:52.559
the link is in the chatroom at
Ochelli dot com. Uh. And here

539
00:42:52.559 --> 00:42:57.239
it is really at at this moment, this is Mike's writing. Really,

540
00:42:57.239 --> 00:43:00.000
at this moment, people who want
to buy something right now have a choice.

541
00:43:00.760 --> 00:43:04.159
They can invest in something in a
bullish trend that is likely to continue

542
00:43:04.199 --> 00:43:07.079
to go up in the years to
come, or speculate in the red hot

543
00:43:07.159 --> 00:43:12.360
thing of the moment and try to
get out before the bubble. Bursts the

544
00:43:12.480 --> 00:43:15.440
bus. Excuse me, These are
the two options that you present at the

545
00:43:15.519 --> 00:43:19.840
very end of this article, and
that's what you're saying, that's the situation

546
00:43:19.920 --> 00:43:22.960
we're in, because in the paragraph
above that you say, meanwhile, the

547
00:43:23.000 --> 00:43:27.960
stock market is in the ninth inning
of its bull market, but the game

548
00:43:28.159 --> 00:43:32.280
isn't over yet. I think that
pretty much sums up where you're coming from

549
00:43:32.320 --> 00:43:36.760
regarding this. And you have some
charts in here and a few other points

550
00:43:36.760 --> 00:43:40.719
that you make along the way.
But is that about the correct summary?

551
00:43:42.480 --> 00:43:45.199
Yeah? Yeah, And honestly,
since writing that, and I'll talk with

552
00:43:45.280 --> 00:43:50.280
you, I really don't have anything
else, you know, to say about

553
00:43:50.320 --> 00:43:52.519
it. I mean, not just
on your show, but in general.

554
00:43:52.559 --> 00:43:57.519
I mean, that's until it's kind
of the way I see things and for

555
00:43:57.639 --> 00:44:00.000
now, and it's probably not going
to change for a while. So I'm

556
00:44:00.119 --> 00:44:02.119
really much more to say, oh, fair enough to say the same thing

557
00:44:02.159 --> 00:44:07.039
over and over again, this is
what it is until it ain't about That's

558
00:44:07.079 --> 00:44:08.679
about the way to look at it. So do you want to take a

559
00:44:08.719 --> 00:44:12.599
break or just continue talking? We
could just continue, that's fine, I'm

560
00:44:12.639 --> 00:44:15.000
fine, fair enough again to pivot? Is you know, I, like

561
00:44:15.039 --> 00:44:17.679
I said, I know that you're
starting to work, or at least beginning

562
00:44:17.719 --> 00:44:22.719
to start to work, right,
Maybe you're in the preliminary process of getting

563
00:44:22.760 --> 00:44:28.880
back to what will be the second
volume in the Vietnam book. And I

564
00:44:28.920 --> 00:44:30.960
know you're doing a lot of reading, and you've been going through a couple

565
00:44:31.000 --> 00:44:34.800
of different things you talked to me
about off air, so we won't go

566
00:44:34.880 --> 00:44:37.800
into that. But you had a
book that you did want to talk about

567
00:44:37.840 --> 00:44:43.400
that seems to be a pretty interesting
source of information that might be related to

568
00:44:43.440 --> 00:44:45.840
this topic. So what's going on
there? Which book are we talk about?

569
00:44:45.840 --> 00:44:51.800
Well, I'm gonna really, I
mean, it's a bad I haven't

570
00:44:51.880 --> 00:44:57.679
read this until now because the book
is probably it's over ten years old.

571
00:44:58.840 --> 00:45:05.760
And that's Bill Sippick Sippach's book called
State Secret, and anyone can get it

572
00:45:05.760 --> 00:45:08.639
for free. It's on the Mary
Farrell website. Might just have to hunt

573
00:45:08.639 --> 00:45:14.960
a little bit or do a keyword
search. But it's called State Secret,

574
00:45:15.400 --> 00:45:22.119
and it's about Oswald's trip to Mexico
City and how the CIA and the FBI

575
00:45:22.239 --> 00:45:30.079
and so forth. You know the
different files that they've released about the trip.

576
00:45:30.159 --> 00:45:39.559
And I gotta say, I think
after the Jim Douglas book was put

577
00:45:39.599 --> 00:45:45.960
out. This may be the next
book that is the most important one,

578
00:45:47.599 --> 00:45:52.920
you know. It's just it's using
files. It's well written and a lot

579
00:45:52.960 --> 00:45:58.760
of information in there, a lot
of stuff I never even knew, and

580
00:45:59.039 --> 00:46:01.360
in some of the stuff I've seen
the files for but didn't really understand,

581
00:46:02.440 --> 00:46:07.239
uh what it all meant. And
I knew it when I saw the files.

582
00:46:07.239 --> 00:46:10.880
I was like, it's kind of
crazy. But have you have you

583
00:46:10.920 --> 00:46:15.320
read it? I had a while
ago, and I do recommend it.

584
00:46:15.360 --> 00:46:17.960
I've grabbed it and put it in
the chatroom at a chilly dot com by

585
00:46:19.039 --> 00:46:23.280
Okay, it's at the Maryfarrell dot
org website and if you go to h

586
00:46:23.519 --> 00:46:30.280
pages slash, State, Underscore Secret
dot html, UH, there is your

587
00:46:30.280 --> 00:46:32.039
table of contents and you can begin
to read it right there. It's open

588
00:46:32.679 --> 00:46:37.559
UH to the public, so you
can read it for free at Mary Farrell

589
00:46:37.559 --> 00:46:40.159
would like one little thing I didn't
know which what I read it is like,

590
00:46:40.239 --> 00:46:45.039
that's crazy. So one of the
stories about Mexico City is that Oswald

591
00:46:45.880 --> 00:46:57.239
Uh had contact with UH and called
someone in the Soviet consulate that was worked

592
00:46:57.239 --> 00:47:01.679
for the KGB and was in charge
of assassination in the Western Hemisphere, and

593
00:47:01.719 --> 00:47:08.159
his name was in the Warren report
and as we talked, well, I

594
00:47:08.280 --> 00:47:13.880
think we touched on a little bit
last time. That story has been used

595
00:47:14.880 --> 00:47:17.280
by a couple of figures in the
sera over the years to argue that it

596
00:47:17.320 --> 00:47:22.840
was a KGB plot. One of
the former CI directors, James Woolsey,

597
00:47:22.320 --> 00:47:28.719
put out a book saying that the
fact that Oswald had contact with this KGB

598
00:47:28.840 --> 00:47:32.280
guy that is in charge of assassinations
as evidence of a KGB plot. He

599
00:47:32.880 --> 00:47:37.840
wrote a book saying that, well, I had no idea, so I

600
00:47:37.920 --> 00:47:46.599
read this that before the assassination,
they the FBI in the CIA hadn't made

601
00:47:46.679 --> 00:47:53.480
note about this person in Mexico City, this Russian, and didn't see him

602
00:47:53.920 --> 00:48:00.400
as a big figure in nowhere did
they say he was involved in assassinatingations.

603
00:48:00.400 --> 00:48:08.719
And that whole story came from a
Glotson, who was a defector from the

604
00:48:08.760 --> 00:48:15.719
Soviet Union who came over here and
said that all the defectors before him were

605
00:48:15.800 --> 00:48:21.320
false. I'm the only real defector
and he told a bunch of stuff to

606
00:48:21.440 --> 00:48:27.719
the people around James Angleton, and
Angleton believed that story and that he says

607
00:48:27.800 --> 00:48:31.000
Glotson. The sources of Glatson was
also saying that the Prime Minister of England

608
00:48:31.519 --> 00:48:36.440
was a KGB asset and all kinds
of crazy stuff. And then in the

609
00:48:36.519 --> 00:48:40.519
nineteen eighties he was saying that the
fall of the Serviet Union wasn't real and

610
00:48:40.760 --> 00:48:45.360
was a plot of the KGB to
full the West. So he put our

611
00:48:45.360 --> 00:48:52.079
guard down. So he was full
of lies, but he and he was

612
00:48:52.159 --> 00:48:55.760
the source of that story. Right. Look, there's all kinds of crazy

613
00:48:55.760 --> 00:48:59.760
stuff about this. And by the
way, we've we've heard about it per

614
00:48:59.840 --> 00:49:05.199
year years. Right, he was
head of the assassination and the sabotage and

615
00:49:05.400 --> 00:49:10.360
uh uh you know, bait this
in that section h Comrade Klitchkov or Klitchko,

616
00:49:12.159 --> 00:49:17.199
uh with which was the mispronunciation,
which sounds familiar because there was a

617
00:49:17.199 --> 00:49:22.039
heavyweight champion named Clitchko, so it's
probably like Klitchkov or whatever. Anyways,

618
00:49:22.440 --> 00:49:27.400
point is that this had been known
for a long time, right, I

619
00:49:27.440 --> 00:49:30.920
mean I remember this being on television
in the eighties that oh he met with

620
00:49:30.440 --> 00:49:36.679
this guy that he called Comrade Klitchkov
or Clitchko. Uh you know when he

621
00:49:36.800 --> 00:49:39.920
went. And also the phone calls, which are under dispute because you know,

622
00:49:40.360 --> 00:49:45.199
suddenly you got a guy who's speaking
Spanish really well, but his Russian,

623
00:49:45.440 --> 00:49:51.079
uh not so good. His English
is broken, right, which doesn't

624
00:49:51.079 --> 00:49:54.400
sound like that would be Lee Harvey
Oswald. You got different descriptors of people

625
00:49:54.440 --> 00:49:59.920
that had that memorialized and uh,
you know, turned around and did the

626
00:50:00.239 --> 00:50:05.800
stenography for the phone calls, right, actually created a transcript. There's all

627
00:50:05.840 --> 00:50:09.920
sorts of controversy connected to this,
right, and some of the recent documentation

628
00:50:10.079 --> 00:50:16.639
affirms a lot of assertions from earlier
regarding this adventure in Mexico City, which

629
00:50:17.239 --> 00:50:21.159
Jay Edgar Hoover wrote in his own
hand that he felt as though he was

630
00:50:21.199 --> 00:50:27.960
being lied to about several times.
Right, where there's just this murky,

631
00:50:28.079 --> 00:50:34.760
murky sort of you know, mixed
up narrative that you know, it becomes

632
00:50:34.800 --> 00:50:39.559
a becomes a serious point of contention, controversy. I mean, we've all

633
00:50:39.599 --> 00:50:44.519
heard about the Lopez Report. I'm
sure you've read the Lopez Report several times,

634
00:50:45.320 --> 00:50:49.679
especially when you know new versions of
it came out slightly less redacted than

635
00:50:49.719 --> 00:50:52.519
the previous version. Right. Oh
yeah, it's been a long time,

636
00:50:52.599 --> 00:50:55.079
this sin's around. I need to
read again. Oh yeah, and that's

637
00:50:55.119 --> 00:51:00.840
you know ed Lopez and Hardaway there, Dan Hardaway both going to Mexico as

638
00:51:00.920 --> 00:51:07.039
part of the congressional investigation to go
look into this allegation, to go see

639
00:51:07.119 --> 00:51:10.719
what happened. Of course, everybody
knows about the mystery man photo allegedly taken

640
00:51:10.800 --> 00:51:19.599
when the supposed that Oswald visits the
consulate slash embassies of both the USSR and

641
00:51:19.719 --> 00:51:27.039
Cuba in Mexico City, there's involvement
with the Mexican government, there's a Mexican

642
00:51:27.079 --> 00:51:30.719
intelligence turns around and chases people down. I mean, there's all kinds of

643
00:51:30.719 --> 00:51:37.440
things that went on here, and
it's still a murky and unclear circumstance.

644
00:51:37.079 --> 00:51:42.760
In fact, I would state to
you, Mike that there is, outside

645
00:51:42.760 --> 00:51:47.239
of a few interesting points, you've
actually got a hard time like proving in

646
00:51:47.239 --> 00:51:54.079
a direct sense that it's indisputable that
Oswald was even there, outside of the

647
00:51:54.159 --> 00:51:59.480
fact that a photograph was dropped off. And you have these witnesses who claim

648
00:51:59.519 --> 00:52:01.599
to have seen this guy, but
then their descriptions of the guy are off.

649
00:52:02.079 --> 00:52:06.360
And you've got different people who are
tied to the CIA in different ways

650
00:52:06.360 --> 00:52:08.920
giving different accounts of it. You
got a defector giving a different account of

651
00:52:08.920 --> 00:52:15.760
it. Which defector were you just
talking about? Gallatson Lison Glotz and this

652
00:52:15.840 --> 00:52:20.199
is the one Carmen's written a lot
about it, right, but he's the

653
00:52:20.239 --> 00:52:23.239
one that made Angleton go on the
mole hunt. Yeah. But the point

654
00:52:23.440 --> 00:52:30.599
is that you have a lot of
conflicting and confusing evidence here, different accounts,

655
00:52:30.639 --> 00:52:37.400
different people everything. Yeah, I
mean a lot of aspects of Kenny

656
00:52:37.440 --> 00:52:42.280
assassination. You look at the evidence
and you can't really come up to the

657
00:52:42.320 --> 00:52:47.960
definitive, uh conclusion of what actually
happened. But and this is perhaps maybe

658
00:52:49.000 --> 00:52:53.760
the most complicated thing to figure out, this Mexico City thing. But like,

659
00:52:54.119 --> 00:52:58.599
I'm not I'm not really sure if
Oswald went there or not. Like

660
00:52:58.679 --> 00:53:05.039
you said, I'm not sure.
But what I am sure of is that

661
00:53:05.320 --> 00:53:13.559
he was impersonated. And I already
believed that because see I always object to

662
00:53:13.599 --> 00:53:15.559
the use of the word impersonation.
Here's the way I would put it,

663
00:53:15.599 --> 00:53:20.239
Mike, and you tell me if
I'm wrong. I would say that someone

664
00:53:20.840 --> 00:53:27.280
definitively was there, someone did make
some phone calls, and that someone or

665
00:53:27.360 --> 00:53:30.079
at least one someone, if not
more than one, claimed to be Lee

666
00:53:30.119 --> 00:53:35.519
Harvey Oswald. Now, whether they
were directly trying to impersonate him or they

667
00:53:35.519 --> 00:53:39.480
were just simply trying to enter his
name into a record somewhere or I don't

668
00:53:39.519 --> 00:53:44.480
know. I don't know if there
was a direct but I would say an

669
00:53:44.519 --> 00:53:50.480
attempt was made to make it appear
as though he needed to be entered into

670
00:53:50.519 --> 00:53:58.079
the record. In Mexico City at
two adversarial embassy slash consulates. Because there

671
00:53:58.400 --> 00:54:00.760
are two different things, a consulate
and m or not the same thing one,

672
00:54:00.920 --> 00:54:07.000
but I can put them together because
they're literally both on similar property.

673
00:54:06.840 --> 00:54:12.440
The Cuban embassy and the Cuban consulate
on the same ground. The Soviet embassy

674
00:54:12.440 --> 00:54:15.039
and consulate are on the same grounds. Like you'll walk into a compound,

675
00:54:15.119 --> 00:54:19.119
you're at the door of one or
the other, depending on which direction you

676
00:54:19.199 --> 00:54:22.719
walk in. That's a literal logistical
thing. And there were phone calls made

677
00:54:23.400 --> 00:54:29.079
at odd times of day. In
fact, one of the places was closed,

678
00:54:29.159 --> 00:54:31.519
one of the facilities was closed.
When he makes a phone call,

679
00:54:31.760 --> 00:54:37.199
right, and there is some record
of a phone call being made, there's

680
00:54:37.199 --> 00:54:43.880
supposed to be recordings, okay,
but were there actually recordings? According to

681
00:54:43.920 --> 00:54:46.719
some people who made transcripts, they
were given a recording of something, right,

682
00:54:49.119 --> 00:54:52.880
But I was kind of back away
from the hole. Was he impersonated

683
00:54:52.920 --> 00:54:55.320
thing, because I don't know if
there was a direct, you know,

684
00:54:55.719 --> 00:55:00.360
effort to impersonate him, or if
it was just to make sure that he

685
00:55:00.480 --> 00:55:05.280
was kind of entered into the record, which wouldn't be an impersonation per se,

686
00:55:05.400 --> 00:55:08.480
but might be an attempt to manipulate
things, confuse things. I mean,

687
00:55:09.119 --> 00:55:13.519
much like you know, Hoover at
trouble putting him on the passenger list

688
00:55:13.519 --> 00:55:16.800
on a bus, couldn't get him
on the passenger list on the bus right,

689
00:55:16.880 --> 00:55:20.679
you know, to try and get
him transported down there. And other

690
00:55:20.679 --> 00:55:24.199
people have made various claims about how
he actually got into Mexico from where he

691
00:55:24.360 --> 00:55:28.360
was and went to Mexico City,
et cetera. I mean, for all

692
00:55:28.400 --> 00:55:31.199
we know, he could have just
paid a friend to take him who wasn't

693
00:55:31.199 --> 00:55:35.239
Bull Wesley Frazier, and the guy
drove him all the way there and dropped

694
00:55:35.280 --> 00:55:37.840
him off for all we know.
And it does seem as though he stayed

695
00:55:37.840 --> 00:55:42.719
at a hotel, or at least
somebody that seemed to be him stayed at

696
00:55:42.760 --> 00:55:46.360
a hotel in Mexico City. But
outside of that, it's very murky,

697
00:55:46.519 --> 00:55:50.440
Like if I had to try and
prove in court that Lee Rby Oswald was

698
00:55:50.480 --> 00:55:57.639
literally there during this time. I
would have some arguments from the adversarial attorney

699
00:55:58.639 --> 00:56:01.119
who would say that I'm missing some
pieces of key evidence and some of my

700
00:56:01.159 --> 00:56:07.400
evidence doesn't line up to a positive
identification of the figure we know to be

701
00:56:07.480 --> 00:56:13.719
Lee Harvey Oswald, Right, yeah, yes, Okay, No, I

702
00:56:13.800 --> 00:56:15.800
just wanted to be clear about that. I'm sorry. I didn't mean to

703
00:56:15.800 --> 00:56:19.679
contradict you. But what is so
interesting about this in your mind? And

704
00:56:19.760 --> 00:56:22.199
Simpitch, Yeah, he wrote an
interesting piece on this and makes an argument.

705
00:56:22.239 --> 00:56:25.599
I think Simpitch thinks he was there. By the way, if I

706
00:56:25.599 --> 00:56:29.719
remember correctly, I haven't read this
piece in a while. It's been up

707
00:56:29.760 --> 00:56:34.159
there on the Mary Farrell Organization website
for a couple of years. But go

708
00:56:34.159 --> 00:56:36.679
ahead and finish your commentary about it. I'm sorry. I just wanted to

709
00:56:36.719 --> 00:56:40.920
put that in because I think it's
relevant to mention how confusing, murky and

710
00:56:42.119 --> 00:56:46.880
unclear so many things are. Regardless
of how many millions of pages of records

711
00:56:46.920 --> 00:56:52.000
and evidence we seem to get her
hands on, clarity is never right around

712
00:56:52.039 --> 00:56:58.320
the corner for any of it.
But Mike, Well, I'm just trying

713
00:56:58.320 --> 00:57:05.079
to advocate, really people to read
the book, and it's just well researched

714
00:57:05.079 --> 00:57:09.679
and well done, and and it's
clearly written. Uh right, it's real

715
00:57:09.679 --> 00:57:14.719
impressive. No, Bill's much.
I wish I've would have read it a

716
00:57:14.719 --> 00:57:17.800
long time ago. Yeah. Bill
Simpach is a solid writer, solid investigator,

717
00:57:17.960 --> 00:57:22.519
solid researcher all the way around.
I appreciate the guy. He hasn't

718
00:57:22.519 --> 00:57:25.320
been on the show very often,
but that's because he's a busy man and

719
00:57:25.360 --> 00:57:30.199
he's been involved in, you know, different mock trials and presentations. I

720
00:57:30.199 --> 00:57:35.760
think he was part of, you
know, the most recent slew of documentaries.

721
00:57:35.760 --> 00:57:37.239
You might have seen Bill Simpach pop
up, maybe even on The Oliver

722
00:57:37.320 --> 00:57:43.559
Stone when my memory serves me correctly, which, by the way, underrated

723
00:57:43.599 --> 00:57:45.960
book that I got in my hands
this week, and I'm going to be

724
00:57:45.960 --> 00:57:50.920
interviewing the author sometime soon with any
luck at all. A matter of fact,

725
00:57:50.960 --> 00:57:52.639
I have to get in touch with
him at the end of this week

726
00:57:52.679 --> 00:57:57.800
to try and book him for the
show. But David Mantik, Yeah,

727
00:57:57.840 --> 00:58:01.480
a couple of years ago he wrote
something called the jfk Assassination Decoded Criminal Forgery

728
00:58:01.519 --> 00:58:07.440
in the autopsy Photographs and X rays, which just at a glance I can

729
00:58:07.480 --> 00:58:12.639
already recommend this thing based on the
fact that it's got a bunch of interesting

730
00:58:13.039 --> 00:58:21.320
resources and pages in there where there's
a lot of photographic and other graphic information

731
00:58:21.440 --> 00:58:24.440
that's presented pretty concisely page to page. And I'm gonna be talking to him

732
00:58:24.480 --> 00:58:28.000
not about that book from a couple
of years ago, but about this new

733
00:58:28.000 --> 00:58:31.800
one that he co authored with Jerome
Courses soon called The Final Analysis. And

734
00:58:32.639 --> 00:58:37.039
you know, Mike, I might, I might just pass along my copy

735
00:58:37.039 --> 00:58:39.880
to you if you don't wind up
acquiring one of these, because so far,

736
00:58:39.960 --> 00:58:45.880
and I've only gotten about one hundred
pages in interesting stuff coming from the

737
00:58:47.239 --> 00:58:52.360
MD as in doctor David Mantick,
you know, primarily, and also he's

738
00:58:52.360 --> 00:58:55.800
got a degree in physics, which
some that that plays a role in both

739
00:58:55.800 --> 00:59:00.119
books apparently, And I don't you
know, Look, I'll reserve my right

740
00:59:00.159 --> 00:59:04.679
to speak about Jerome Corsi because I'm
going to interview David Mantick about this and

741
00:59:04.679 --> 00:59:08.039
ask him abou Jerome Corsi. But
anyway, these books are interesting. At

742
00:59:08.039 --> 00:59:10.760
the very least, I know they're
interesting. I don't know how valuable they

743
00:59:10.760 --> 00:59:15.239
are. I haven't finished reading them, but we're gonna find out pretty soon.

744
00:59:15.880 --> 00:59:19.360
Anyway, but I would always highly
recommend any of the articles written by

745
00:59:19.400 --> 00:59:23.559
Bill Simpitch, presentations he's made.
He's always done solid work on the case.

746
00:59:24.599 --> 00:59:29.400
Wouldn't you agree, Mike as far
as Simpitch goes, well, I

747
00:59:29.440 --> 00:59:34.840
mean yeah, I mean, I
mean, this is the only thing of

748
00:59:34.920 --> 00:59:37.800
his that I've read, so I
need to read the rest of it.

749
00:59:38.119 --> 00:59:40.599
Yeah, he's got a lot of
articles. Yeah, if you just do

750
00:59:40.719 --> 00:59:44.280
like a little search, I'm sure
you can find lots of articles. I

751
00:59:44.280 --> 00:59:46.679
mean, that's his big piece that
he you know, protributed to Mary Farrell.

752
00:59:47.239 --> 00:59:50.320
But he's got a lot of stuff
out there. And if you remember

753
00:59:50.360 --> 00:59:54.199
when we went to the conference in
twenty seventeen, they were having that you

754
00:59:54.239 --> 01:00:00.239
know, the mock trial thing that
turned into another sort of presentation. Yeah,

755
01:00:00.239 --> 01:00:04.880
Bill was directly involved in that and
lead attorney if I'm not mistaken,

756
01:00:05.320 --> 01:00:08.880
regarding the Mary Farrell Foundation suing the
Biden administration. Right, So, you

757
01:00:08.920 --> 01:00:13.679
know, this is a guy who's
directly involved in the furtherance of information,

758
01:00:14.280 --> 01:00:16.440
the truth, et cetera, and
has also written some pieces on his own

759
01:00:17.079 --> 01:00:21.760
that are highly valuable, and you're
you're talking about one of them today.

760
01:00:22.079 --> 01:00:25.440
So what would you give people as
a key point from that from that book,

761
01:00:25.800 --> 01:00:29.760
something that would entice them to go
look into it if you don't mind

762
01:00:29.800 --> 01:00:35.639
before we sign off. Well,
again, it's free, so free is

763
01:00:35.639 --> 01:00:38.320
always good if you don't even have
to order it or anything. Free is

764
01:00:38.360 --> 01:00:43.159
always good, but valuable information is
better. You go, yeah, yeah,

765
01:00:43.440 --> 01:00:50.280
but it's I think when you read
it, it's undeniable that Oswald was

766
01:00:50.679 --> 01:00:55.320
someone used his name, someone pretended
to be him on the telephone, and

767
01:00:55.360 --> 01:01:04.239
he has the files which I've saw
before but didn't quite understand what they were

768
01:01:04.280 --> 01:01:09.559
doing. But the files that the
cia UH sent to Mexico City in response

769
01:01:10.760 --> 01:01:17.320
to it, and and people will
have to read it for themselves. I

770
01:01:17.320 --> 01:01:23.199
don't I don't want to give it
all away. But the reason for all

771
01:01:23.239 --> 01:01:34.679
this that Sippitch has a theory to
explain why people were doing this with Oswald's

772
01:01:34.679 --> 01:01:37.320
identity, which is the biggest question
of them all. Go ahead, right,

773
01:01:37.880 --> 01:01:45.719
so, and it connects his mind
and it's a pretty compelling case to

774
01:01:45.880 --> 01:01:51.039
the people carried out the assassination,
right, And it is fascinating to see

775
01:01:51.079 --> 01:01:52.840
that. But that is the key
question here is at the end of it

776
01:01:52.840 --> 01:01:58.840
all, if you can come to
a conclusion that this happened, right that

777
01:01:59.000 --> 01:02:01.840
something indeed happened, and various elements
of it came together, and this and

778
01:02:01.880 --> 01:02:05.280
that. At the end of all
that, you got to say to yourself,

779
01:02:05.280 --> 01:02:08.679
well, what the hell is the
purpose of this? And you know

780
01:02:08.760 --> 01:02:12.079
when you when you take a look
at where Bill takes it from there.

781
01:02:12.239 --> 01:02:15.159
Now, of course we have to
go into the area of speculation, but

782
01:02:15.639 --> 01:02:19.800
he does a solid job backing up
his speculation. And I would also advise

783
01:02:19.840 --> 01:02:22.119
people, if you want to follow
through on this subject, that John Newman

784
01:02:22.159 --> 01:02:27.119
did a few presentations live that I
think are available for free on like YouTube

785
01:02:27.159 --> 01:02:30.599
at this point, maybe about twenty
years ago, two thousand and three,

786
01:02:30.679 --> 01:02:35.280
two thousand and four Man, and
even late nineties. I think even John

787
01:02:35.320 --> 01:02:43.039
did a few presentations about Mexico City
famously. I think you have either the

788
01:02:43.119 --> 01:02:46.039
DVD set or access to the SIRIWECA
conference from two thousand and three, don't

789
01:02:46.079 --> 01:02:53.239
you think, Well, you know, if you ever need a copp they're

790
01:02:53.280 --> 01:02:57.320
on. Actually, oh, they're
on, okay, excell some of them,

791
01:02:57.360 --> 01:03:00.360
not not every presentation, but some
of them, okay, because maybe

792
01:03:00.400 --> 01:03:02.239
Newman's is up there, but if
you can't find it on YouTubers, I'm

793
01:03:02.280 --> 01:03:07.960
sure it's out there somewhere. I
would definitely look into that because he described

794
01:03:07.960 --> 01:03:12.639
some of the communications that go on
and what happened regarding the transcripts and kind

795
01:03:12.679 --> 01:03:16.360
of adds to some of what Simpates
presents in this book. So that's my

796
01:03:16.440 --> 01:03:20.880
advice to you, Mike and the
listener, of course, to follow up

797
01:03:20.920 --> 01:03:24.760
on it so that you get a
starting point to work on this, you

798
01:03:24.760 --> 01:03:29.199
know, And I'm not saying that
everybody's got all of this information laid out

799
01:03:29.199 --> 01:03:32.239
perfectly. And of course new documents
have been released, even in the past

800
01:03:32.320 --> 01:03:37.079
couple of months, new documents have
been released that may or may not shed

801
01:03:37.159 --> 01:03:39.679
light on it. That's that's one
thing that is funny about this. So

802
01:03:40.159 --> 01:03:43.920
I did look at a lot of
these new documents that come out in the

803
01:03:43.960 --> 01:03:49.920
last year or two, and some
of them dealt with the Mexico City And

804
01:03:50.760 --> 01:03:59.239
what I was able to see was
that the CIA debunked claims. Actually we

805
01:03:59.519 --> 01:04:08.440
talked about them the last time we
spoke that this book came out around ten

806
01:04:08.800 --> 01:04:14.679
years ago. That really was saying
Oswald was guilty but was part of a

807
01:04:14.719 --> 01:04:20.599
Castro plot, and it was using
evidence that the new files that came out

808
01:04:20.639 --> 01:04:24.679
showed the CIA had already debunked it, you know, within a week of

809
01:04:24.719 --> 01:04:30.159
assassination, they debunked it. They're
they're people telling stories that they saw Oswald

810
01:04:30.599 --> 01:04:36.639
in Mexico City in contact with Cubans
that were pro Castro and one of them

811
01:04:36.679 --> 01:04:43.039
gave him money. And in the
SAA themselves debunk the story. So,

812
01:04:43.199 --> 01:04:46.159
you know, the days after the
assassination, and that's in the files that

813
01:04:46.360 --> 01:04:54.719
came out. But some of the
files I saw involved the CIA headquarters setting

814
01:04:54.760 --> 01:05:01.559
memos about Oswald or the person saying
they're in visiting these embassies and they're and

815
01:05:01.559 --> 01:05:06.280
and they're reacting to that, and
uh, to me, that was new

816
01:05:08.079 --> 01:05:11.760
when I when I saw him,
but I didn't understand him. But Sippage,

817
01:05:11.920 --> 01:05:15.960
you know, they apparently had already
been out long ago because Sippage uses

818
01:05:15.000 --> 01:05:19.320
these memos and explains them. So, yeah, a different version of those

819
01:05:19.360 --> 01:05:26.360
memos had previously been released, and
now a slightly more unredacted version comes out

820
01:05:26.440 --> 01:05:29.280
this year. And what's fascinating is
if you take a look at one of

821
01:05:29.320 --> 01:05:32.599
the responses that Hoover gives when he's
given these explanations, and none of us

822
01:05:32.639 --> 01:05:35.599
have seen the you know, nobody
in the public sees this at the time,

823
01:05:36.159 --> 01:05:41.360
but when he's given these things,
these internal documents, okay, and

824
01:05:41.480 --> 01:05:45.119
given this explanation by the CIA,
he writes in his own hand on his

825
01:05:45.159 --> 01:05:48.239
own on the memo in response,
uh that you know, I forget exactly

826
01:05:48.280 --> 01:05:50.320
how he put it, but something
like, you know, these guys are

827
01:05:50.360 --> 01:05:56.119
giving me a snow job here.
This isn't this is bs bistically is what

828
01:05:56.199 --> 01:05:59.320
Hoover writes in his own hand.
The FBI is saying. The guy who

829
01:05:59.440 --> 01:06:01.920
is the FPI at the time is
saying, yeah, they're lying to me

830
01:06:01.920 --> 01:06:06.119
about this, okay. So you
know, ever after, oh gee,

831
01:06:06.119 --> 01:06:09.920
they debunked it. Well, don't
you feel better, Mike, the CIA

832
01:06:10.039 --> 01:06:14.760
debunked this. I don't, And
a lot of people might have not known

833
01:06:14.960 --> 01:06:19.719
back then, although there was mentions
of this in the media over the weekend

834
01:06:19.800 --> 01:06:25.280
when the assassination was part of the
twenty four hour news cycle that took hold

835
01:06:25.320 --> 01:06:29.039
of the nation, where the TV
stations didn't go off air and they continued

836
01:06:29.079 --> 01:06:31.400
to broadcast et cetera, et cetera, et cetera. That whole weekend.

837
01:06:31.559 --> 01:06:36.960
We heard about his defection to Russia, We heard about his support for Castro,

838
01:06:38.360 --> 01:06:43.079
We heard vaguely that he might have
been to Mexico City, even that

839
01:06:43.159 --> 01:06:45.079
there was some other trip, there
was some other thing going on, And

840
01:06:45.199 --> 01:06:50.280
over the years, little by little
it's eked out and continues to eke out,

841
01:06:50.360 --> 01:06:54.280
just little by little, a sentence
here or a new word there,

842
01:06:55.599 --> 01:06:59.880
And here we are in twenty twenty
four, over sixty years later, still

843
01:07:00.079 --> 01:07:03.800
asking many of the same questions.
But like you said, Simpatures work on

844
01:07:03.840 --> 01:07:08.920
this is really good and I definitely
recommend it. So anything else you want

845
01:07:08.960 --> 01:07:11.599
to say before we're done, Mike, I mean, well, a little

846
01:07:11.599 --> 01:07:16.719
over an hour stuff. You know, these questions about different aspects of assassination.

847
01:07:16.840 --> 01:07:21.360
Like I said, you can't really, you know, a topic like

848
01:07:21.400 --> 01:07:26.679
Mexico City. I don't think I
can. One can figure it out exactly

849
01:07:26.719 --> 01:07:35.599
what happened completely. But what you
can do is just find a few things

850
01:07:35.760 --> 01:07:45.599
that you that you can know for
sure. And I think it's pretty clear

851
01:07:45.719 --> 01:07:54.559
that someone was saying they were Oswald
and they weren't, and that itself is

852
01:07:56.000 --> 01:07:59.599
enough to deal with. That in
and of itself is fascinating, that's for

853
01:07:59.719 --> 01:08:02.880
sure. And also I would suggest
to people that they, you know,

854
01:08:02.920 --> 01:08:06.079
if they really want to dig in
deep with this, you go over to

855
01:08:06.119 --> 01:08:12.920
the AARC Public Library website, all
right, and you can get a hold

856
01:08:12.960 --> 01:08:16.560
of something that they let's see two
thousand and three release. Yes, the

857
01:08:16.600 --> 01:08:23.000
two thousand and three release of the
Lopez Report is available over there in the

858
01:08:23.000 --> 01:08:28.399
public library. Okay. That gives
you a lot of information as it was

859
01:08:29.159 --> 01:08:33.560
examined in the nineteen seventies. All
Right. Bill Simpitch's work on this gives

860
01:08:33.560 --> 01:08:38.319
you an idea. And like I
said, I highly recommend John Newman's you

861
01:08:38.359 --> 01:08:42.479
know, conference presentations from about twenty
years ago. I don't know if he's

862
01:08:42.479 --> 01:08:46.079
done anything recently on this, but
back when he was certainly promoting the book

863
01:08:46.119 --> 01:08:50.479
Oswald and the CIA, and a
little bit after that, he had a

864
01:08:50.520 --> 01:08:54.359
lot to say about it as well. And if you can put those three

865
01:08:54.399 --> 01:08:58.920
things together and not come up with
an explanation of some of what's going on

866
01:08:59.000 --> 01:09:01.479
here, I don't know what to
tell you. But it's solid work and

867
01:09:01.840 --> 01:09:05.920
really fascinating for those that want to
dig into the assassination. And meanwhile,

868
01:09:05.920 --> 01:09:12.279
we're just talking about a different weekend, a few weekends before the assassination takes

869
01:09:12.319 --> 01:09:16.439
place, you know, in November, right, So you're talking about September

870
01:09:16.479 --> 01:09:21.560
into October I think it is if
I remember my dates correctly of nineteen sixty

871
01:09:21.600 --> 01:09:28.600
three, so weeks later, really
the assassination takes place, and maybe there

872
01:09:28.640 --> 01:09:32.840
is something to it, especially if
the alleged loan assassin is being impersonated.

873
01:09:33.159 --> 01:09:36.840
Anyway, Mike, food for thought
for sure, and look forward to talking

874
01:09:36.840 --> 01:09:41.279
to you again in two weeks.
Anything else you want to drop before we

875
01:09:41.319 --> 01:09:44.159
go? But I want to tell
people and remind you go over to Wall

876
01:09:44.159 --> 01:09:46.720
Street Window dot com. Be in
the no sign up for the newsletter,

877
01:09:46.760 --> 01:09:51.000
which I'll have the link for,
you know, the morning news brief.

878
01:09:51.319 --> 01:09:55.359
I'll have the link for it in
the show notes and at Ocelli dot Com

879
01:09:55.359 --> 01:09:58.560
in the chat room. So there's
my advice for you. But Mike,

880
01:09:58.600 --> 01:10:00.800
you got anything you want to add
before we go? Now, just have

881
01:10:00.960 --> 01:10:06.119
a good night and I'll talk to
you absolutely. And look, next week

882
01:10:06.159 --> 01:10:10.359
we got a lot of things going
on, and early tomorrow morning I'm supposed

883
01:10:10.399 --> 01:10:15.279
to be on Blaze TV, so
I'm not sure exactly what's going to go

884
01:10:15.359 --> 01:10:18.520
on there, but yeah, i
gotta be ready and on camera around seven

885
01:10:18.560 --> 01:10:23.600
am. So not looking forward to
it, but there I will be.

886
01:10:23.840 --> 01:10:27.000
So I don't know, guys anyway, until then no matter who you are,

887
01:10:30.840 --> 01:10:46.159
revelation through conversation Walls Window dot go
similar the stock market, wall Stream,

888
01:10:46.399 --> 01:10:53.000
Window dott Perhaps you're invested deeply,
perhaps you're not in deep enough.

889
01:10:53.159 --> 01:10:58.479
Maybe you're thinking about getting started Wall
Street, Window dot comdo dot com.

890
01:10:58.920 --> 01:11:03.199
Michael Swanson, the author of the
War State, understood these trends professionally for

891
01:11:03.319 --> 01:11:08.920
many years, and now he gives
you the benefit of his knowledge. Wall

892
01:11:09.119 --> 01:11:14.640
Street, Street, Window dot dot
Go there, now, go there,

893
01:11:14.760 --> 01:11:17.159
now go there. Now, this
is James Cord at quarter Report dot com

894
01:11:17.199 --> 01:11:20.279
and you're listening to the Shelly affected
Olly dot com. Go ahead, call

895
01:11:20.359 --> 01:11:25.000
it about the day of hay assassination. Right, Well, what do you

896
01:11:25.000 --> 01:11:29.760
want to know Judy Baker's wild claim
Oswald girlfriends he knew Ruby and Barry answer

897
01:11:29.880 --> 01:11:31.840
weapons? Really, I imagine I
could claim I have four wheels. It

898
01:11:31.840 --> 01:11:36.199
doesn't make me a wagon, But
okay, agility and trying to prevent the

899
01:11:36.319 --> 01:11:40.000
murder of John Kennedy. Come on, now, has a real effort on

900
01:11:40.119 --> 01:11:44.760
the day of hay assassination. Claim. Go to Amazon dot com, enter

901
01:11:44.880 --> 01:11:48.399
Judith Baker in her own words.
You'll get the results for a digital copy

902
01:11:48.439 --> 01:11:54.119
of a book where Walt Brown utilizes
her own words and the known evidence in

903
01:11:54.159 --> 01:11:59.000
the case to get at well a
different perspective. Let's say you can get

904
01:11:59.079 --> 01:12:03.039
Judith Barry Baker in her own words
from the author himself signed if you request

905
01:12:03.079 --> 01:12:10.199
it by contacting doctor Brown at kias
jfk at aol dot com. It's a

906
01:12:10.199 --> 01:12:15.159
fun book and it actually dissects the
many, many fantastic claims Judith Barry Baker

907
01:12:15.239 --> 01:12:24.800
in her own words dot com Radio. The War State by Michael Swanson explains

908
01:12:24.840 --> 01:12:29.359
the great national transformation that took place
and put the Kennedy presidency in the context

909
01:12:29.399 --> 01:12:33.279
of the times and revealed never before
published information about the Cuban missile crisis.

910
01:12:33.560 --> 01:12:38.840
President Kennedy would not have been assassinated
if he had been president two hundred years

911
01:12:38.840 --> 01:12:43.199
ago. His assassination took place in
the context of the Cold War and the

912
01:12:43.279 --> 01:12:46.319
rise of the national security state.
Before World War II, the United States

913
01:12:46.359 --> 01:12:50.319
was a continental republic. In the
decade that followed, it became an imperial

914
01:12:50.359 --> 01:12:56.039
superpower. Generals such as Curtis LeMay
not only wanted to invade Cuba, but

915
01:12:56.159 --> 01:13:00.279
knew that there were short range missiles
on the island armed with nuclear warheads that

916
01:13:00.319 --> 01:13:03.279
they could not destroy because they were
on mobile launchers. Their invasion could have

917
01:13:03.359 --> 01:13:08.600
led to a Third World War,
and they wanted to go to war anyway.

918
01:13:08.840 --> 01:13:12.720
The War State by Michael Swanson reveals
why, and we'll show you what

919
01:13:12.760 --> 01:13:20.880
President Kennedy was up against. For
more information, the Warstate dot com going

920
01:13:20.920 --> 01:13:32.359
to shut o'chelly. You're shock of
Shelley. You know what's shark, Shelley.

921
01:13:32.520 --> 01:13:35.600
You are about doing. Mark upon
the great, you say, the

922
01:13:35.680 --> 01:13:40.680
eyes of the world out upon you, the hopes and prayers of liberty loving

923
01:13:40.720 --> 01:13:45.479
people everywhere marked with you, in
company with our brave allies and brothers in

924
01:13:45.640 --> 01:13:50.319
arms on the other front. Your
task will not see an easy one.

925
01:13:50.319 --> 01:13:55.479
Your enemy is well trained, well
equipped, and battle heartened. He will

926
01:13:55.520 --> 01:14:10.640
fight that man. The man a
chilly dot com