You. Chilly effect is sponsored by Wallstreet Window dot Com and listeners like you,
Yeah, Yeah and now most agtivated base of media check March twenty eight,
twenty twenty four. Allegedly according to that thing we call a calendar,
and I think we're about to have a solar eclipse coming up in the next
week or so. But it's hard for me to keep track of stuff around
this time of year because my birthday coming up April seven. So it is
what it is. It was what it was, and dear God, I'm
going to be fifty two years old. I didn't expect any of that.
A slightly younger man with me tonight who is in my age group, and
I'm happy to have him along as always because you heard at the beginning right
there, sponsored by Wall Street Window. Well, the guy behind Wall Street
Window dot Com Mike Swanson, author of two books that I highly recommend.
Author of many books, actually, but two books that I highly recommend are
The War State of Core and Why the Vietnam War. Now, in the
second part of tonight's discussion, we might get into something that relates to the
Why the Vietnam War. Maybe maybe not, or at least to the military
industrial complex and the overall study of it. We shall see. But in
the first half we're going to talk about an article that was actually published March
twenty fourth on Wallstreet Window dot com. And oddly enough, most times you'll
hear me say I don't I'm not going to discuss the market tonight, And
I'll even tell you be in the no, go to Wallstreet Window dot com
right, go over there and sign up and this and that it's not just
about Wall Street. Well, tonight we are going to discuss a little bit
about Wall Street and the monetary situation gold et cetera, et cetera, et
cetera. And also I want to remind you to go over to Wallstreet Window
dot com and sign up for the morning News Digest. Why well, first
of all, it's free, and second of all, it's just a good
thing to have. I always appreciate having it. And I'm gonna drop the
link in the chatroom at o'chelli dot com. So if you haven't seen it
there or I forget to put it in the show notes for some odd reason,
yeah, look it up there. Anyway, if you go to Wallstreet
Window dot com, I'm sure you can maneuver your way through navigate, so
to speak. It's pretty easy to do at the website, and you can
be well informed, be in the know at Wallstreet Window dot com. Anyway,
Mike Swanson's with me. How are you tonight, Mike All, I'm
doing good. Great to talk with you. Always good to talk to you,
sir. Now everybody for years and years, I mean, what did
I think of you as the financial guy? Of course? I love your
work as a historian as an author, for sure. I mean I appreciated
the war state before I ever brought you on the show. Still do appreciate
it. Still call it required reading. Love every time I can turn somebody
new onto it. But tonight we're going to talk about some current events in
the monetary situation and Well, a phrase that you include in this well headline
on the article gold hits new high. Okay, gold and how it trades
and how it's rolling. This is something that a lot of people keep track
of with good reason. But anyway, gold hits new high as Federal Reserve
turns super dubbish to set stage for coming bubble bust. Now, a couple
of disturbing things in that headline, Mike, the the Federal Reserve turns dubbish.
What do you mean by that and setting the stage for the coming bubble
bust? I mean, are we looking at a catastrophic bursting of said bubble?
Is this going to be part of the cycle. Are we looking at
the crash that goes along with the economy that they keep telling me is healthy,
despite the fact that I don't see anybody's life improving. Oh, by
the way, a bunch of articles out just today telling us all about how
the lowest wage earners are gaining out there, and yet all the low wage
jarners I know, not gaining a damn thing. Prices still too damn high,
Rents still too damn high. It costs too much money to eat,
or to breathe or do anything else. Mike, what is going on in
the financial world as relates to this article? Talk to us about it?
Well, Ill, I want to. I want to. I've talked about
what the Federal Reserve actually did, and that's the real important thing in the
article. In a few moments or minutes, but I'll answer your last question.
You know about this bubble bust thing I put in there. I want
to. I was making a comparison, and I'll explain it better when I
talk about the Fed to what they did in nineteen ninety eight. They lowered
interest rates to nineteen ninety eight, not because the economy wasn't a recession or
the stock market was falling, which is three. And they're really supposed to
lower interest rates. I mean. The idea is that we have a business
cycle. You have times of expansion in the economy and in times when the
economy is weak, and the Federal Reserve is supposed to raise interest rates when
the economy is booming, and then lower rates when the economy's not doing well.
So okay, So an oversimplified version of this real easy. When things
are tough, things are not going well in the general economy, regardless of
how people feel about it, the Federal Reserve is supposed to come on in
usually speaking, and they'll cut interest rates why to stimulate business, to stimulate
borrowing, to stimulate the moving of money, because not enough money is moving
around. When things are going super well, they'll raise interest rates to slow
it down so the economy doesn't get too hot too fast and cause a problem
as well. The continuous balancing act, or at least that's the way it's
always been represented to me. Is that about right right. And the danger
is if the economy is doing well and they lower interest rates anyway, that
it creates more inflation. It injects more money into the system, in the
financial system, and it can go. It can end up finding have trouble
finding investments that make sense to put that money into. You know, hedge
fund managers get money, mutual fund managers, and just even regular day investors,
small investors, And when these groups of people can't find good investments,
they'll end up throwing the money into very speculative investments that make no real sense
in the long run, but can turn into bubbles. So in nineteen ninety
eight, anonomy was doing fine and the stock market was going straight up,
and then a hedge fund connected to JP Morgan and some other Wall Street banks.
It made some bad bets and got in trouble, and the Federal Reserve
lowered interest rates to bail them out. They said the fund was big enough
that it held of risk to the system, and they bailed it out.
But what ended up happening was when they lowered those rates, over the next
year and a half, the stock market, the Nasdaq went straight up,
and that's when the Internet bubble formed. You know, young people don't even
remember it, but it was a big deal. Internet stocks were of all,
the Internet was new, and there are all these companies that were going
public and trading and they made no money. They were losing money, and
because the Internet was new, people are buying them, saying, well,
we don't care that they're losing money today. They got a lot of page
views. I mean, we're buying that because they got page views, They're
gonna make money one day. Well, so this was the potential thing that
was going on. And again, you can't be mad at people for forgetting.
I mean, you're talking about twenty five years ago, a quarter of
a century ago now, you know, if you go back to nineteen ninety
nine, and by the time the year two thousand rolls around, even though
this has kind of gone down the memory hole, we had a situation where
a lot of money was disappearing into these high speculations where there was potential for
earning supposedly right with the Internet, and it was gonna be big. It's
gonna be big, it's gonna be big. So you had initial offerings where
if people were in on the initial offerings. They had something high valued and
it was causing other people to buy up other things and drive up the value
of stuff that literally was empty. It was nothing more more than a web
page. Like if I told you today that a company has nothing more than
a prominent web page that's getting some you know, track traffic excuse me,
you would say, well, yeah, so what. But back then it
was a big deal and people were like, let's dump money into it,
and that caused an moor evaluation right where it increased the size, Like all
of a sudden, the stocks that should have been worth probably a dollar,
you know, the penny stocks almost were suddenly worth twenty thirty forty fifty dollars,
and people said, oh, I got to get in on that,
driving up the price of it more. And meanwhile, it's nothing more than
a hollow shell that supposedly has future prospects to it where it's going to be
worth something. Yeah, they're just a web page today, but they're very
popular. Everybody knows them. And this was again a time when nobody knew
exactly how to monetize things on the internet, you know, precisely. I
mean, Amazon was nothing more than a book and CD seller back then,
I think you know what I'm saying. It wasn't a big deal, but
anyway, so you got to put this in perspective. So that's how it
got heated up. And then you had these huge bubbles again filled with nothing
more than air regarding these companies, these stock offerings, and that was driving
the market, right, So that's why you have this straight up market look
that ends up busting around the time that George w comes into office. So
everybody remembers the tail end of the Clinton thing as either prosperous or very good,
very solid, kind of based on this illusion that was going on with
the stock market and the economy at the time. Am I right or wrong?
Yeah, that's correct. And then it busted in two thousand and For
the next several years, the economy was very poor. There was a double
dip procession, and in a lot of ways, when the nine to eleven
attacks happened in two thousand and one, the economy was already bad. The
stop market was declining for two years, and then when the nine to eleven
happened, the stop market fell more. The economy obviously, it was sort
of like a one week shutdown UH and and what happened though, in the
imagination of most Americans the terror attacks. You know, that was now the
new big event, the new story, and that was the explanation for the
economic weakness. Well that the Bush administration then presented the people. Over the
next several months, they did different things, but in reality, the economy
was already bad before nine to eleven. And the thing about the Internet stocks
in markets in general, this is important. It doesn't matter if you don't
know anything and you just open up a Robinhood account and you're training for the
very first time, or someone who is managing a billion dollars that has been
trading for fifty years and has always you know, has made money every single
year. It doesn't matter your level of experience or knowledge. Even everyone involved
in the financial markets can suffer from a very simple trap, and that is
that when the market, or a group of stocks or gold we'll talk about
later, but when something in the market moves in the way you expect it
to move or wanted to move, or both, it's easy to think that
you know the reason why the move is happening, and people will present stories
to explain the reason why it's moving. But if you don't know the real
reason, you can eat easily get trapped and and and be financially devastated.
And that's what happened in in in two thousand. Yes, the internet stocks
were going up. Uh, and it was a bubble. And now you
know, it's obvious all the companies weren't making any money and a lot of
them went bankrupt, and and and and and make and laugh at it.
Uh. But at the time it seemed to make all the sense in the
world to millions of Americans that that this was for real, that these stocks,
you know, the Internet was new, and it was easy to believe
the stories and uh. And they didn't ask questions. They didn't look at
prospectus, you know, they didn't go and look at it at the perspectives
for an internet company valued at five hundred million dollars whose headquarters is in a
closet. Because they didn't look at the prospectives. So they would have looked
at the perspectives, they would have known that it made no money and it
was in a closet, so it was probably a scam. But the same
thing is happy now right now, Bitcoin has gone to seventy thousand and there's
all these crypto coins, and people are being told on YouTube and all over
the place by all these bitcoin gurus and crypto guruz that this is gonna replace
the dollar. This is new technology, and uh, it's gonna replace gold.
It's gonna all the currencies in the world are just gonna be done with
and bitcoin is gonna be the only currency. And or they're or they're told
this is a special coin. These are new technologies. They've got white papers
and and all this stuff, and it's and and and they believe that this
stuff is the reason the price is going up. Well, what just another
spector to bubble. Yeah. What's funny to me is it's almost the same
as because, by the way, there was either a power ball or a
Mega millions one or the other that just went off and somebody won like a
billion dollars. Right. The billion dollar jackpot was collected in the town where
I graduated high school. From the top I sold there, uh in Neptune,
New Jersey apparently, And I thought to myself, if I was there
at the time, here's what's interesting is that people will now go to that
shop. Right. I think somebody bought it at a shop right in Neptune.
Okay, that place is gonna be flooded with brand new business for people
going there to buy lottery tickets, because the rumor will now go around that
that place is lucky anyway. Not only did it have a billion dollar winter,
but there's lots of other winners that come from there. You're now gonna
hear the stories travel around up here in New Jersey about how people have won
from scratch offs from there. People are constantly winning from there, and it's
gonna draw a new business in. But it's really based on guess what,
nothing, But there will be an increase in business, not just in that
one establishment, but that entire area is going to soon to be lucky.
There's gonna be people coming from other parts of New Jersey, New York,
Pennsylvania, et cetera, who are gonna go there now to buy their interstate
lottery tickets and buy them in Neptune, New Jersey simply because the billion dollar
ticket was just sold there. Okay, I'm not kidding, Mike. This
will happen. If you check with the New Jersey Lottery Commission, you're going
to see a spike in sales in Mammoth County, New Jersey for the next
month or so easily, because people are going to assume that since a billion
dollar ticket was sold there and somebody did, well, you now have an
observable story. Now why am I telling you this and filling you in on
this lottery lore if you will, regarding what goes on with these interstate lottery
tickets, because it's got about the same amount of value as these people who
do these speculations. Where again, like you said, there were internet companies
that literally had like a what was it, mailboxes, etc. Right,
it used to be a place. Now the UPS store offers you like po
boxes with you know, street addresses, right where there were businesses based out
of a PO box that had a storefront property rented in the worst neighborhood possible
where they didn't even set up a desk. Okay, because the guy's still
running it from his house off of a cell phone with a rented PO box,
and they're saying, well, this company's worth five hundred million dollars because
it's got a lot of traffic. It's as hollow as that, and that's
the way it ran back then. Today there's other stuff, right, there's
other tech we've talked about the way the trading has been kind of manipulated with
the computers and the way orders are placed and all that. And meanwhile,
a guy like you who knows what it is to actually do research right and
go and figure out which company actually has the potential for earning and which would
be a solid and steady investment, you know, the old days. I
mean, I think back to watching TV shows. I think it was an
episode of like Leave It to Beaver or something where they invested some money into,
like, you know, the town's electric company, and they made very
little money, but they didn't lose their money, right. And other people
went into some thing that was a bit more flashy and it seemed like they
were gonna make lots of money, and they all took, you know,
ten bucks and put it in the stock market. I don't know what you
could do in the fifties, but there was they put ten bucks into the
stock market, and maybe one guy made fifty cents and they were like,
oh, what a loser. Meanwhile the other guy who was speculating high lost
his ten bucks, right. And I mean, this is the story that
keeps repeating one way or another every time new stuff comes along. This is
just the way the stock market is anymore? Or am I right or wrong
about that? Oh, it's never gonna change. But what's happening now that's
similar is the Federal Reserve two years ago, right, you know, everyone
knew and you know everyone was suffering and still is from the inflation. And
uh three well three years ago and it started. They said it would go
away. They used the word transitory, and they said it was all being
caused by the COVID lockdowns and supply chain issues and those would be fixed and
then the inflation would go away. Well that proved out to be wrong because
that wasn't the only sole cause of the inflation, and that had a temporary
part to it. No doubt he had an impact, but it wasn't the
sole reason, right right, right, I mean, just as the bigger
reason was the simple fact that the feder Reserve in twenty twenty, when the
lockdowns began, they lowered interest rates to zero. Now, Donald Trump was
calling for interest rate cuts before the before the march and lockdowns anyway, you
know, he thought it would help him in the election, and he would
yell and go on Twitter, what about interest rate cuts? Well, when
the lockdowns began, he had a the market was crashing, and he held
a press conference and he had Jerome Poal, the Federals are chairman, there
with them, and it was held on a Sunday, and they announced together
the interest rates were going to zero. So Trump had what he always wanted
finally, I mean didn't get it for the reason he wanted, but he
finally had interest rates lowered all the way to zero. And then Jerome Poal,
he said he's going to do a money printing operation, unlimited amounts of
money to stabilize the bond market, the corporate bond market and so forth.
And that's what they did. And they printed and printed and printed, and
they and and the you know, the budget deficit exploded to over a trillion,
and they injected all this money in the economy. And and in the
end, uh, more money in the When there's more money in the economy,
Uh, it's going to create inflation, if you know. And that's
what's happened a primary cause. So they realized that after they said it was
transitory, it didn't go away. It took them about a year to understand
it or remit that it's not going away. And we're going to have to
do something about it. And what they did was drone pow. The Federals
Are chairman announced that he's going to start to raise interest rates to make it
so money becomes more costly. There therefore could be less money in circulation and
inflation would diminish. And what ended up happening is they did that. The
stock market had a bear market in twenty twenty two, and it bottomed out
and went back up last year, and they continued to raise rates, and
then all of a sudden in October they stopped, and that's fueled the market
going up at a fast rate, and now bitcoin is going up at a
fast rate too. Now the inflation is gone, the rate of inflation is
lower than what it was, but it's not gone down to where they wanted
where they said they wanted to go about saying the numbers are correct, but
the CPI annualized numbers that the government uses. They said they want to get
that down to two percent. That's what they're saying. Three years ago,
two years ago, last year, they wanted to get it down to two
percent. And when they started raising rates, they said, we got to
get it there, and we're even willing to risk recession to get it there.
You know, things weakened. We're not going to act until we get
the inflation really down. Well, it's at three percent. And last week
they held a Federal Reserve meeting and they said that they emitted the inflation's not
going down as much as they expected. They're actually projecting it a little worse
than they had in February when they released the last projections, and they actually
said there's no the unemployment rates low, they upgraded how much they think the
economy is going to grow, and then they said we're going to we want
to lower interest rates three times. So that's turning super dubbish to say you
want to lower interest rates when the inflation is still bad and they're in the
economy is not only not in recession, but they're now saying it's doing better
than they thought. So this is going to put more fuel on everything.
And I think it's the same sort of thing that they did in nineteen ninety
eight that created the Internet bust. And now you know, the market may
continue going up, but at some point, and I can't tell you when
it is. It could be three months or six months or next year.
But at some point, you know, this thing is going to top out
and it's going to be a mess. And when you see, you know,
bitcoin at seventy thousand, that's not a sign that bitcoin is getting better
or more people are using bitcoin as money, because they're not. What it
is is a sign of more speculation in the markets. And now the size
if you take the price of bitcoin and all those crypto coins and the value
of that altogether, it's called a market cap. It's now surpassed the market
cap of the Internet stocks at their peak in the year two thousand. So
that effected means that what is out there cannot possibly be worth what people are
attributing the value to. Right, That's what it comes down to is now
you have things out there that are clearly overvalued. Am I right or wrong?
Yeah? I mean for sure. I mean the stock market, there's
different ways you can measure the valuation. The earnings ratio, that's a price
earnings ratio. Well, there's a metric called the Sickly justipe that's the ten
year average of this earnings ratio justice per inflation. It's at the third highest
level in its history. Uh So that's one way to measure it, you
know, beyond the crypto coins. But I'm just saying that the crypto coins
are similar to internet stocks, and that you know, they have no value
at all in the real econ me. And someone will get angry, I
know, and say that's not true. Bitcoin. You know, I hear
all this stuff a bit bitcoin and and this and that. Well let's I
don't believe that, but let's just say, okay, there's value to bitcoin.
Well, the crypto market now is more than just Bitcoin. The top
one hundred coins include names such as ronan Ando, Chili Flair, Pifth,
Network, world Coin, Ordy, with market caps over one hundred million dollars,
Sandbox. And these things aren't used. No one can say these things
are used anywhere except as instruments of financial speculation. Yeah, I mean,
I have an account sitting somewhere with ethereum in it. I don't know what
that is exactly, but it's a it's a cryptocurrency. Yeah, it's the
second biggest one. Okay, So I have an account sitting with some of
that in era. Not much, but sure, you know, and I
didn't buy it, but there it is. I mean, and look,
if somebody doesn't want their bitcoin by all means, I'll take it off your
hands. But the thing is, I would not be trying to sink real
money into it right now, not the way it's being valuable. Well,
I'm saying these things, and I'm not saying it's gonna fall now. I'm
not telling people to sell their crypto coins. I'm just saying, one day
the bubble is gonna bust and it's all gonna crash, and you better have
a strategy to get out or take your profits. And just because it's been
going up, don't believe what these people are telling you, because whenever something
goes up in the markets, there's people telling stories and they may not be
lying, they may believe the stories. They may be told the stories by
someone else to them. But yeah, it's it's it's it's just a story,
you know, just like the Internet stocks was a story, right well,
and just like I told you about now, all of a sudden,
you know, Neptune, New Jersey is lucky, right? Why not?
And that's and that's really the directionality here. Now, what does this mean
for the you know, real day to day economy, Uh, Federal Reserve
rate, you know, changes rates and this and that I mean, it'll
change your ability to be able to get uh you know, car loans or
house loans and stuff like that. Uh, it's going to affect you.
And I'm wondering what that's going to do to those markets, right, Like
you know, cars are way to hell up. I know because we tried
to acquire one recently it didn't work out. A little more difficult to get
a loan right now in some cases because of this. I don't know what's
going on with the rates exactly, like I don't fully understand it. But
but but here we are. We're in a situation where, again, the
real world is very much disconnected from this. So what you're saying is you're
you're looking at peak value, uh, you know, allegedly against things that
don't have any heavy real world value. Is that Is that about right?
I mean in general, yeah, in the financial markets, but for the
real world, like you're talking about, they haven't started to lower interest rates
yet. They're likely it looks like they're going to start in June. Uh.
In most what should happen is by the end of the summer. Rates
like if you go buy car, mortgage rates, credit cards, and so
forth, the the rate of interest should be a little lower in and in
one sense, you know, that'll be helpful to people. But in the
outlook for the next couple of years or beyond this year, they're abandoning there
By doing this, they're ending their inflation fight, and inflation will come back
or grow and be worse again. You know that is going to cost well,
you know. And here's the thing. Inflation is not as bad,
but it's still going up. I don't think it's going you know, we're
we're not looking at a reverse on the curve here where it's you know,
going down right. I mean, anything you experience in the day to day
world again, your grocery store, any of the I don't know if you've
taken a look at your utility bills lately, but I've got increases there that
I don't even understand based on the value. Right, it seems like that
that that is there regarding my payments and stuff. So seems like your dollars
are losing value during this whole thing. Uh, they're losing it a little
slower because they say the inflation is lesser, But that's about it. I
mean, is that is that the only result we have here? And then
maybe during the summer, if they start reducing these rates in June, you
might see lower rates on loans and things. But outside of that, is
it gonna or are we looking at any major changes in the next few months.
I don't. I doubt it, but you know, we'll see I
doubt it. I doubt it. So I have a question in the chat
room. Actually, if Mike has an opinion on QF, let's see QFS
the quantum financial system, because you know, I mean, look, I
know a little bit about the quantitative easing that was going on, and then
they said, forget the quantity, We're just going to print endlessly. So
quantitative easing turned into screw it, We'll just turn on the printing presses and
not shut them off. But do you have anything to say about quantitative financial
system? I guess, And what is this ISO twenty twenty two? What
is that elaborate chatter? I want to know what you're asking about there,
if you don't mind, because I don't understand the question myself, do you,
Mike? I don't know what I s A twenty okay, So what
about the quantum financial system the QFS? You know what he's referring to or
I mean, I think it's the idea that they're going to have these central
bank digital currencies. Oh maybe the CBDC thing where you know where we're coming
into the new cryptocurrency that's going to be issued by the government, that kind
of thing. Yeah, look, people put I mean, I don't know.
One of the problems with the stuff is that I just all this stuff
gets thrown around and it's hard to know what people are talking about because it's
a lot of this is not nonsense. So for example, well people are
trying to make sense of what they see in front of them, right,
which is a little bit of a disconnect. I mean literally what you were
describing there with the Federal Reserve manipulating rates, generally speaking, when they would
raise the rates, this would slow the economy, uh naturally because obviously it
would add to the cost of money to borrow it, to move it around,
stuff like that. And when you reduce the rates, it would speed
up the ability to move money around. Would help out in times when we
were in a financial lull. But those rules seem to change in the past
few years, Well, they don't have the same effect. Go ahead,
put you this way, so now I have the crypto advocates. They are
saying that crypto is going to revolutionize the global financial system and money, right,
okay, Well in central banks are going to use crypto, okay,
And it's the problem is crypto is not Look what central banks are doing,
not what the gurus are telling you, all right, what central banks are
No, there's not a single central bank in the world except maybe the bank
and they'll salvage of but I don't even know they got a central bank.
But there's not a central bank in the entire world that's buying crypto, all
right, not one. There's not one bank bind bitcoin or any these other
crypto coins on these websites, not one. Banks hold four x reserves in
currencies of other countries in gold. So for example, you know, uh,
the Bank of China is going to own dollar reserves, yen uh Stirling,
the Swiss frank and gold reserves. And when they when they do global
trade, they exchange these currencies. You know, when the when the Chinese
sell stuff to the United States, they get American dollars and then they have
to they store them or they transform there's dollars into gold or bonds or something.
But what they do not do is buy crypto coins, right, Okay,
So sometimes they have holdings that are actually treasury bonds and things like this
against the different countries so that they have something to cash in when they want
to go collect dollars, right, And a lot of times they hold these
reserves a long time. I mean I had to go over this with people
about China for quite a bit to get me to understand even part of it.
The ISO two hundred, well it's two zero zero two two, it's
not twenty twenty two. Two zero zero two two is a multi part international
standard prepared by ISOE Technical Committee t S eighty eight Financial Services. It describes
a common platform for the development of messages. This looks like we have a
new way for you to handle your money through these different digital projects. Yeah,
it's just until there's some real serious announcement or something that's just techno babbles
what I call it. But the thing about the central banks and the and
digital currencies, a lot of them have said they're going to come out with
a digital currency of their own, like the bank if you can type the
Bank of England or or London or whatever it is. They said they're gonna
make a digital sterling and I think every once in a while I hear about
a digital wand and so forth. But they're not looking to I think it's
for their own citizens, you know, they're not looking with the idea that
these digital currencies are just going to replace everything. Uh, it's it's more
like an accounting gimmick or something. Well it seems to me is though.
You know, in a way, every bank already has a digital format,
right, every currency anyway, because most of the time what they can do
is trade things on their ledgers, on their digital ledgers, right like you
know, for instance, if China wanted to turn around and really like you
know, jackknife our economy in a quick hurry, they could turn around and
call in a whole bunch of their treasury bonds and say, look, we
need dollars for this, and literally drain the money out of our economy if
they wanted to, you know, to the tune of I mean, people
have given different estimates about this, but I mean it's it's sort of a
way to do it. But that all gets done on computers. Nobody physically
picks up pallets of dollars and ships them to wherever when billions or trillions of
dollars are traded or moved around. They don't do that. They make journal
entries basically. I mean, so there is already like a digital format by
which currency is exchanged. I mean, unless I'm wrong about I know,
there's still physical exchanges, but it seems to me as though the majority of
it is already digital. And it's just it doesn't have a separate name.
It's just a dollar, but in a digital form already. Yeah. I
mean it's let's say you have a bank account and you go online to look
at your bank account and so you had one thousand dollars in it. Well,
that's not in cash. Yeah, Well that doesn't mean that you have
physical See, that's the thing. You have something that's digital representation. So
already there's plenty of digital representations out there. That's why I always found it
strange when people said, look, it's a big deal. They're going to
create a digital like you said, a digital sterling, or you know,
here's the digital dollar. Uh, here's the digital whatever one like you said
rupee. It doesn't matter because those things already exist. So I don't understand
exactly what it means, except if they're going to create a parallel that has
no uh supposedly no relationship to the existing see, but how do you do
that anyway? You know what I'm saying, Like, how is it that
you create something that doesn't have a digital relationship. They all have exchange rates,
even bitcoin, right, you know again has an exchange rate basically,
right, so you just got to bring it to somebody who can actually make
the digital exchange and turn it into the dollars that you could eventually draw out
in cash. But generally speaking, you can turn your bitcoin into dollars anytime
you want. You can turn anything into dollars if you're in a place that
you know is authorized to turn things into dollars, right, And all that
is is access to a digital network. It's not about physical money even so,
you know, like I don't know, it becomes a very confusing thing.
And at the end of the day, I don't think it's going to
change the price of your tuna fish sandwich. Okay, I don't think it's
going to do anything to that. As a matter of fact, that price
keeps going up, and you know, the cheap lunch is no longer so
cheap. You know what, I mean, I mean I tried to buy
a jar of peanut butter the other day and was absolutely I didn't buy the
peanut butter because it was so high. Weird stuff going on. Okay,
what does it mean for us in the real world, in the in the
typical day to day Not much until things actually crash. Then I think we'll
see some other effects. And by the way, I mean, are we
due for a financial crash? I mean, are we do for a stock
market crash or are we looking at a you know, an easy adjustment that's
going to be done gradually. What are your thoughts on that? Well,
I mean, you know, them lowering rates and I think it's setting it
all up to go up more and then crash. Yeah. I think they're
just making a big bubble like they did in the financial markets, like they
did in two thousand. I mean, well, but do you think we'll
see a sudden burst like that or do you think it'll be the kind of
thing that is sort of you know, guided and slowed down so that it's
not so dramatic a crash where the adjustment takes place, but it kind of
has a parachute on it so that it doesn't fall to Earth quickly and make
a big thud. You think that's what we're looking at, because we talked
about that before, regarding the way that things are traded in the way the
computer, I'm really not sure. I mean, it's possible that's what happens
too. So well, here's the thing, the dangerous speculation, and all
I'm asking you to do is speculator. So I mean, I'm sorry about
that, but I mean, this is the thing. Do we have some
sort of you know, catastrophic event about to approach us regarding the financial system.
It's the long standing question, Mike. I mean, it's it's always
the standing question, right, And of course I get I started to get
nervous when I start to see, you know, I'm getting slammed by commercials
about you better buy gold now because the dollar is going to fall. Right,
not to say that it ever does absolutely collapse, but when people start
talking about it more and more, it sort of encourages that idea, and
it usually means that moves are coming where it's going to look a lot more
realistic that we are looking at a crat, right, So anyway, I'd
kind of like to change directions with you. Sure do you want to take
a break, or is there something else that you want to state about this,
or you know, add on to well, I just was real quick.
I'll just say like, no, I'm not really sure that the quiet
is gonna how is it going to play out? Because I can only look,
you know, I just really use charts in the trends of the market
to figure out where things are going, and they only look ahead three to
six months, you know, so, and I don't see, you know,
is no real it's all you know, there's no real bad signs there.
So at the moment, I think, I think you boil it down
in the last part of your article here where you say and this is a
quote from Mike's article at Wall Street Window dot com. Uh. And again
the link is in the chatroom at Ochelli dot com. Uh. And here
it is really at at this moment, this is Mike's writing. Really,
at this moment, people who want to buy something right now have a choice.
They can invest in something in a bullish trend that is likely to continue
to go up in the years to come, or speculate in the red hot
thing of the moment and try to get out before the bubble. Bursts the
bus. Excuse me, These are the two options that you present at the
very end of this article, and that's what you're saying, that's the situation
we're in, because in the paragraph above that you say, meanwhile, the
stock market is in the ninth inning of its bull market, but the game
isn't over yet. I think that pretty much sums up where you're coming from
regarding this. And you have some charts in here and a few other points
that you make along the way. But is that about the correct summary?
Yeah? Yeah, And honestly, since writing that, and I'll talk with
you, I really don't have anything else, you know, to say about
it. I mean, not just on your show, but in general.
I mean, that's until it's kind of the way I see things and for
now, and it's probably not going to change for a while. So I'm
really much more to say, oh, fair enough to say the same thing
over and over again, this is what it is until it ain't about That's
about the way to look at it. So do you want to take a
break or just continue talking? We could just continue, that's fine, I'm
fine, fair enough again to pivot? Is you know, I, like
I said, I know that you're starting to work, or at least beginning
to start to work, right, Maybe you're in the preliminary process of getting
back to what will be the second volume in the Vietnam book. And I
know you're doing a lot of reading, and you've been going through a couple
of different things you talked to me about off air, so we won't go
into that. But you had a book that you did want to talk about
that seems to be a pretty interesting source of information that might be related to
this topic. So what's going on there? Which book are we talk about?
Well, I'm gonna really, I mean, it's a bad I haven't
read this until now because the book is probably it's over ten years old.
And that's Bill Sippick Sippach's book called State Secret, and anyone can get it
for free. It's on the Mary Farrell website. Might just have to hunt
a little bit or do a keyword search. But it's called State Secret,
and it's about Oswald's trip to Mexico City and how the CIA and the FBI
and so forth. You know the different files that they've released about the trip.
And I gotta say, I think after the Jim Douglas book was put
out. This may be the next book that is the most important one,
you know. It's just it's using files. It's well written and a lot
of information in there, a lot of stuff I never even knew, and
in some of the stuff I've seen the files for but didn't really understand,
uh what it all meant. And I knew it when I saw the files.
I was like, it's kind of crazy. But have you have you
read it? I had a while ago, and I do recommend it.
I've grabbed it and put it in the chatroom at a chilly dot com by
Okay, it's at the Maryfarrell dot org website and if you go to h
pages slash, State, Underscore Secret dot html, UH, there is your
table of contents and you can begin to read it right there. It's open
UH to the public, so you can read it for free at Mary Farrell
would like one little thing I didn't know which what I read it is like,
that's crazy. So one of the stories about Mexico City is that Oswald
Uh had contact with UH and called someone in the Soviet consulate that was worked
for the KGB and was in charge of assassination in the Western Hemisphere, and
his name was in the Warren report and as we talked, well, I
think we touched on a little bit last time. That story has been used
by a couple of figures in the sera over the years to argue that it
was a KGB plot. One of the former CI directors, James Woolsey,
put out a book saying that the fact that Oswald had contact with this KGB
guy that is in charge of assassinations as evidence of a KGB plot. He
wrote a book saying that, well, I had no idea, so I
read this that before the assassination, they the FBI in the CIA hadn't made
note about this person in Mexico City, this Russian, and didn't see him
as a big figure in nowhere did they say he was involved in assassinatingations.
And that whole story came from a Glotson, who was a defector from the
Soviet Union who came over here and said that all the defectors before him were
false. I'm the only real defector and he told a bunch of stuff to
the people around James Angleton, and Angleton believed that story and that he says
Glotson. The sources of Glatson was also saying that the Prime Minister of England
was a KGB asset and all kinds of crazy stuff. And then in the
nineteen eighties he was saying that the fall of the Serviet Union wasn't real and
was a plot of the KGB to full the West. So he put our
guard down. So he was full of lies, but he and he was
the source of that story. Right. Look, there's all kinds of crazy
stuff about this. And by the way, we've we've heard about it per
year years. Right, he was head of the assassination and the sabotage and
uh uh you know, bait this in that section h Comrade Klitchkov or Klitchko,
uh with which was the mispronunciation, which sounds familiar because there was a
heavyweight champion named Clitchko, so it's probably like Klitchkov or whatever. Anyways,
point is that this had been known for a long time, right, I
mean I remember this being on television in the eighties that oh he met with
this guy that he called Comrade Klitchkov or Clitchko. Uh you know when he
went. And also the phone calls, which are under dispute because you know,
suddenly you got a guy who's speaking Spanish really well, but his Russian,
uh not so good. His English is broken, right, which doesn't
sound like that would be Lee Harvey Oswald. You got different descriptors of people
that had that memorialized and uh, you know, turned around and did the
stenography for the phone calls, right, actually created a transcript. There's all
sorts of controversy connected to this, right, and some of the recent documentation
affirms a lot of assertions from earlier regarding this adventure in Mexico City, which
Jay Edgar Hoover wrote in his own hand that he felt as though he was
being lied to about several times. Right, where there's just this murky,
murky sort of you know, mixed up narrative that you know, it becomes
a becomes a serious point of contention, controversy. I mean, we've all
heard about the Lopez Report. I'm sure you've read the Lopez Report several times,
especially when you know new versions of it came out slightly less redacted than
the previous version. Right. Oh yeah, it's been a long time,
this sin's around. I need to read again. Oh yeah, and that's
you know ed Lopez and Hardaway there, Dan Hardaway both going to Mexico as
part of the congressional investigation to go look into this allegation, to go see
what happened. Of course, everybody knows about the mystery man photo allegedly taken
when the supposed that Oswald visits the consulate slash embassies of both the USSR and
Cuba in Mexico City, there's involvement with the Mexican government, there's a Mexican
intelligence turns around and chases people down. I mean, there's all kinds of
things that went on here, and it's still a murky and unclear circumstance.
In fact, I would state to you, Mike that there is, outside
of a few interesting points, you've actually got a hard time like proving in
a direct sense that it's indisputable that Oswald was even there, outside of the
fact that a photograph was dropped off. And you have these witnesses who claim
to have seen this guy, but then their descriptions of the guy are off.
And you've got different people who are tied to the CIA in different ways
giving different accounts of it. You got a defector giving a different account of
it. Which defector were you just talking about? Gallatson Lison Glotz and this
is the one Carmen's written a lot about it, right, but he's the
one that made Angleton go on the mole hunt. Yeah. But the point
is that you have a lot of conflicting and confusing evidence here, different accounts,
different people everything. Yeah, I mean a lot of aspects of Kenny
assassination. You look at the evidence and you can't really come up to the
definitive, uh conclusion of what actually happened. But and this is perhaps maybe
the most complicated thing to figure out, this Mexico City thing. But like,
I'm not I'm not really sure if Oswald went there or not. Like
you said, I'm not sure. But what I am sure of is that
he was impersonated. And I already believed that because see I always object to
the use of the word impersonation. Here's the way I would put it,
Mike, and you tell me if I'm wrong. I would say that someone
definitively was there, someone did make some phone calls, and that someone or
at least one someone, if not more than one, claimed to be Lee
Harvey Oswald. Now, whether they were directly trying to impersonate him or they
were just simply trying to enter his name into a record somewhere or I don't
know. I don't know if there was a direct but I would say an
attempt was made to make it appear as though he needed to be entered into
the record. In Mexico City at two adversarial embassy slash consulates. Because there
are two different things, a consulate and m or not the same thing one,
but I can put them together because they're literally both on similar property.
The Cuban embassy and the Cuban consulate on the same ground. The Soviet embassy
and consulate are on the same grounds. Like you'll walk into a compound,
you're at the door of one or the other, depending on which direction you
walk in. That's a literal logistical thing. And there were phone calls made
at odd times of day. In fact, one of the places was closed,
one of the facilities was closed. When he makes a phone call,
right, and there is some record of a phone call being made, there's
supposed to be recordings, okay, but were there actually recordings? According to
some people who made transcripts, they were given a recording of something, right,
But I was kind of back away from the hole. Was he impersonated
thing, because I don't know if there was a direct, you know,
effort to impersonate him, or if it was just to make sure that he
was kind of entered into the record, which wouldn't be an impersonation per se,
but might be an attempt to manipulate things, confuse things. I mean,
much like you know, Hoover at trouble putting him on the passenger list
on a bus, couldn't get him on the passenger list on the bus right,
you know, to try and get him transported down there. And other
people have made various claims about how he actually got into Mexico from where he
was and went to Mexico City, et cetera. I mean, for all
we know, he could have just paid a friend to take him who wasn't
Bull Wesley Frazier, and the guy drove him all the way there and dropped
him off for all we know. And it does seem as though he stayed
at a hotel, or at least somebody that seemed to be him stayed at
a hotel in Mexico City. But outside of that, it's very murky,
Like if I had to try and prove in court that Lee Rby Oswald was
literally there during this time. I would have some arguments from the adversarial attorney
who would say that I'm missing some pieces of key evidence and some of my
evidence doesn't line up to a positive identification of the figure we know to be
Lee Harvey Oswald, Right, yeah, yes, Okay, No, I
just wanted to be clear about that. I'm sorry. I didn't mean to
contradict you. But what is so interesting about this in your mind? And
Simpitch, Yeah, he wrote an interesting piece on this and makes an argument.
I think Simpitch thinks he was there. By the way, if I
remember correctly, I haven't read this piece in a while. It's been up
there on the Mary Farrell Organization website for a couple of years. But go
ahead and finish your commentary about it. I'm sorry. I just wanted to
put that in because I think it's relevant to mention how confusing, murky and
unclear so many things are. Regardless of how many millions of pages of records
and evidence we seem to get her hands on, clarity is never right around
the corner for any of it. But Mike, Well, I'm just trying
to advocate, really people to read the book, and it's just well researched
and well done, and and it's clearly written. Uh right, it's real
impressive. No, Bill's much. I wish I've would have read it a
long time ago. Yeah. Bill Simpach is a solid writer, solid investigator,
solid researcher all the way around. I appreciate the guy. He hasn't
been on the show very often, but that's because he's a busy man and
he's been involved in, you know, different mock trials and presentations. I
think he was part of, you know, the most recent slew of documentaries.
You might have seen Bill Simpach pop up, maybe even on The Oliver
Stone when my memory serves me correctly, which, by the way, underrated
book that I got in my hands this week, and I'm going to be
interviewing the author sometime soon with any luck at all. A matter of fact,
I have to get in touch with him at the end of this week
to try and book him for the show. But David Mantik, Yeah,
a couple of years ago he wrote something called the jfk Assassination Decoded Criminal Forgery
in the autopsy Photographs and X rays, which just at a glance I can
already recommend this thing based on the fact that it's got a bunch of interesting
resources and pages in there where there's a lot of photographic and other graphic information
that's presented pretty concisely page to page. And I'm gonna be talking to him
not about that book from a couple of years ago, but about this new
one that he co authored with Jerome Courses soon called The Final Analysis. And
you know, Mike, I might, I might just pass along my copy
to you if you don't wind up acquiring one of these, because so far,
and I've only gotten about one hundred pages in interesting stuff coming from the
MD as in doctor David Mantick, you know, primarily, and also he's
got a degree in physics, which some that that plays a role in both
books apparently, And I don't you know, Look, I'll reserve my right
to speak about Jerome Corsi because I'm going to interview David Mantick about this and
ask him abou Jerome Corsi. But anyway, these books are interesting. At
the very least, I know they're interesting. I don't know how valuable they
are. I haven't finished reading them, but we're gonna find out pretty soon.
Anyway, but I would always highly recommend any of the articles written by
Bill Simpitch, presentations he's made. He's always done solid work on the case.
Wouldn't you agree, Mike as far as Simpitch goes, well, I
mean yeah, I mean, I mean, this is the only thing of
his that I've read, so I need to read the rest of it.
Yeah, he's got a lot of articles. Yeah, if you just do
like a little search, I'm sure you can find lots of articles. I
mean, that's his big piece that he you know, protributed to Mary Farrell.
But he's got a lot of stuff out there. And if you remember
when we went to the conference in twenty seventeen, they were having that you
know, the mock trial thing that turned into another sort of presentation. Yeah,
Bill was directly involved in that and lead attorney if I'm not mistaken,
regarding the Mary Farrell Foundation suing the Biden administration. Right, So, you
know, this is a guy who's directly involved in the furtherance of information,
the truth, et cetera, and has also written some pieces on his own
that are highly valuable, and you're you're talking about one of them today.
So what would you give people as a key point from that from that book,
something that would entice them to go look into it if you don't mind
before we sign off. Well, again, it's free, so free is
always good if you don't even have to order it or anything. Free is
always good, but valuable information is better. You go, yeah, yeah,
but it's I think when you read it, it's undeniable that Oswald was
someone used his name, someone pretended to be him on the telephone, and
he has the files which I've saw before but didn't quite understand what they were
doing. But the files that the cia UH sent to Mexico City in response
to it, and and people will have to read it for themselves. I
don't I don't want to give it all away. But the reason for all
this that Sippitch has a theory to explain why people were doing this with Oswald's
identity, which is the biggest question of them all. Go ahead, right,
so, and it connects his mind and it's a pretty compelling case to
the people carried out the assassination, right, And it is fascinating to see
that. But that is the key question here is at the end of it
all, if you can come to a conclusion that this happened, right that
something indeed happened, and various elements of it came together, and this and
that. At the end of all that, you got to say to yourself,
well, what the hell is the purpose of this? And you know
when you when you take a look at where Bill takes it from there.
Now, of course we have to go into the area of speculation, but
he does a solid job backing up his speculation. And I would also advise
people, if you want to follow through on this subject, that John Newman
did a few presentations live that I think are available for free on like YouTube
at this point, maybe about twenty years ago, two thousand and three,
two thousand and four Man, and even late nineties. I think even John
did a few presentations about Mexico City famously. I think you have either the
DVD set or access to the SIRIWECA conference from two thousand and three, don't
you think, Well, you know, if you ever need a copp they're
on. Actually, oh, they're on, okay, excell some of them,
not not every presentation, but some of them, okay, because maybe
Newman's is up there, but if you can't find it on YouTubers, I'm
sure it's out there somewhere. I would definitely look into that because he described
some of the communications that go on and what happened regarding the transcripts and kind
of adds to some of what Simpates presents in this book. So that's my
advice to you, Mike and the listener, of course, to follow up
on it so that you get a starting point to work on this, you
know, And I'm not saying that everybody's got all of this information laid out
perfectly. And of course new documents have been released, even in the past
couple of months, new documents have been released that may or may not shed
light on it. That's that's one thing that is funny about this. So
I did look at a lot of these new documents that come out in the
last year or two, and some of them dealt with the Mexico City And
what I was able to see was that the CIA debunked claims. Actually we
talked about them the last time we spoke that this book came out around ten
years ago. That really was saying Oswald was guilty but was part of a
Castro plot, and it was using evidence that the new files that came out
showed the CIA had already debunked it, you know, within a week of
assassination, they debunked it. They're they're people telling stories that they saw Oswald
in Mexico City in contact with Cubans that were pro Castro and one of them
gave him money. And in the SAA themselves debunk the story. So,
you know, the days after the assassination, and that's in the files that
came out. But some of the files I saw involved the CIA headquarters setting
memos about Oswald or the person saying they're in visiting these embassies and they're and
and they're reacting to that, and uh, to me, that was new
when I when I saw him, but I didn't understand him. But Sippage,
you know, they apparently had already been out long ago because Sippage uses
these memos and explains them. So, yeah, a different version of those
memos had previously been released, and now a slightly more unredacted version comes out
this year. And what's fascinating is if you take a look at one of
the responses that Hoover gives when he's given these explanations, and none of us
have seen the you know, nobody in the public sees this at the time,
but when he's given these things, these internal documents, okay, and
given this explanation by the CIA, he writes in his own hand on his
own on the memo in response, uh that you know, I forget exactly
how he put it, but something like, you know, these guys are
giving me a snow job here. This isn't this is bs bistically is what
Hoover writes in his own hand. The FBI is saying. The guy who
is the FPI at the time is saying, yeah, they're lying to me
about this, okay. So you know, ever after, oh gee,
they debunked it. Well, don't you feel better, Mike, the CIA
debunked this. I don't, And a lot of people might have not known
back then, although there was mentions of this in the media over the weekend
when the assassination was part of the twenty four hour news cycle that took hold
of the nation, where the TV stations didn't go off air and they continued
to broadcast et cetera, et cetera, et cetera. That whole weekend.
We heard about his defection to Russia, We heard about his support for Castro,
We heard vaguely that he might have been to Mexico City, even that
there was some other trip, there was some other thing going on, And
over the years, little by little it's eked out and continues to eke out,
just little by little, a sentence here or a new word there,
And here we are in twenty twenty four, over sixty years later, still
asking many of the same questions. But like you said, Simpatures work on
this is really good and I definitely recommend it. So anything else you want
to say before we're done, Mike, I mean, well, a little
over an hour stuff. You know, these questions about different aspects of assassination.
Like I said, you can't really, you know, a topic like
Mexico City. I don't think I can. One can figure it out exactly
what happened completely. But what you can do is just find a few things
that you that you can know for sure. And I think it's pretty clear
that someone was saying they were Oswald and they weren't, and that itself is
enough to deal with. That in and of itself is fascinating, that's for
sure. And also I would suggest to people that they, you know,
if they really want to dig in deep with this, you go over to
the AARC Public Library website, all right, and you can get a hold
of something that they let's see two thousand and three release. Yes, the
two thousand and three release of the Lopez Report is available over there in the
public library. Okay. That gives you a lot of information as it was
examined in the nineteen seventies. All Right. Bill Simpitch's work on this gives
you an idea. And like I said, I highly recommend John Newman's you
know, conference presentations from about twenty years ago. I don't know if he's
done anything recently on this, but back when he was certainly promoting the book
Oswald and the CIA, and a little bit after that, he had a
lot to say about it as well. And if you can put those three
things together and not come up with an explanation of some of what's going on
here, I don't know what to tell you. But it's solid work and
really fascinating for those that want to dig into the assassination. And meanwhile,
we're just talking about a different weekend, a few weekends before the assassination takes
place, you know, in November, right, So you're talking about September
into October I think it is if I remember my dates correctly of nineteen sixty
three, so weeks later, really the assassination takes place, and maybe there
is something to it, especially if the alleged loan assassin is being impersonated.
Anyway, Mike, food for thought for sure, and look forward to talking
to you again in two weeks. Anything else you want to drop before we
go? But I want to tell people and remind you go over to Wall
Street Window dot com. Be in the no sign up for the newsletter,
which I'll have the link for, you know, the morning news brief.
I'll have the link for it in the show notes and at Ocelli dot Com
in the chat room. So there's my advice for you. But Mike,
you got anything you want to add before we go? Now, just have
a good night and I'll talk to you absolutely. And look, next week
we got a lot of things going on, and early tomorrow morning I'm supposed
to be on Blaze TV, so I'm not sure exactly what's going to go
on there, but yeah, i gotta be ready and on camera around seven
am. So not looking forward to it, but there I will be.
So I don't know, guys anyway, until then no matter who you are,
revelation through conversation Walls Window dot go similar the stock market, wall Stream,
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murder of John Kennedy. Come on, now, has a real effort on
the day of hay assassination. Claim. Go to Amazon dot com, enter
Judith Baker in her own words. You'll get the results for a digital copy
of a book where Walt Brown utilizes her own words and the known evidence in
the case to get at well a different perspective. Let's say you can get
Judith Barry Baker in her own words from the author himself signed if you request
it by contacting doctor Brown at kias jfk at aol dot com. It's a
fun book and it actually dissects the many, many fantastic claims Judith Barry Baker
in her own words dot com Radio. The War State by Michael Swanson explains
the great national transformation that took place and put the Kennedy presidency in the context
of the times and revealed never before published information about the Cuban missile crisis.
President Kennedy would not have been assassinated if he had been president two hundred years
ago. His assassination took place in the context of the Cold War and the
rise of the national security state. Before World War II, the United States
was a continental republic. In the decade that followed, it became an imperial
superpower. Generals such as Curtis LeMay not only wanted to invade Cuba, but
knew that there were short range missiles on the island armed with nuclear warheads that
they could not destroy because they were on mobile launchers. Their invasion could have
led to a Third World War, and they wanted to go to war anyway.
The War State by Michael Swanson reveals why, and we'll show you what
President Kennedy was up against. For more information, the Warstate dot com going
to shut o'chelly. You're shock of Shelley. You know what's shark, Shelley.
You are about doing. Mark upon the great, you say, the
eyes of the world out upon you, the hopes and prayers of liberty loving
people everywhere marked with you, in company with our brave allies and brothers in
arms on the other front. Your task will not see an easy one.
Your enemy is well trained, well equipped, and battle heartened. He will
fight that man. The man a chilly dot com