1 00:00:00,120 --> 00:00:04,559 No one country benefited more from globalization than Jina, though of course, if 2 00:00:04,559 --> 00:00:08,759 that's the case, we're clearly going through a deglobalization phase now in the world, 3 00:00:09,000 --> 00:00:11,919 so no country should have to pay more of a price because of that 4 00:00:12,000 --> 00:00:15,279 than China. So again, like I said, this year, we'll probably 5 00:00:15,320 --> 00:00:19,239 play a crucial role. There is concern now that they are in such a 6 00:00:19,440 --> 00:00:24,519 deflationary spiral that they should be cutting rates and other things. You're listening to 7 00:00:24,679 --> 00:00:30,199 Carrie Lutz's Financial Survival Network, where you get valuable information you just can't find 8 00:00:30,280 --> 00:00:36,359 anywhere else to thrive in today's trying times. You need the Financial Survival Network 9 00:00:36,640 --> 00:00:41,880 now more than ever. Go to Financial Survivalnetwork dot com and get your free 10 00:00:41,960 --> 00:00:52,039 newsletter and gift. Financial Survival Network now more than ever, And welcome you 11 00:00:52,079 --> 00:00:56,359 are listening to and watching the Financial Survival Network. I'm your host, Carrie 12 00:00:56,439 --> 00:01:00,679 Lutz. Well, it's exactly midway through January of twenty twenty four. We're 13 00:01:00,679 --> 00:01:06,599 a touch of base with our old friend Peter Grandich. Bind Tim at Petergranditch 14 00:01:06,760 --> 00:01:08,280 dot com. The links in the show notes. If you've got a question, 15 00:01:08,599 --> 00:01:11,920 comment on our conversation, or anything else, should be an email at 16 00:01:12,000 --> 00:01:15,719 kl at Carrie LUTs dot com. Peter, great to have you back on 17 00:01:17,040 --> 00:01:22,319 the show. So you're looking into the future there, and what you're seeing 18 00:01:22,439 --> 00:01:26,879 is pretty bleak, isn't it. Well? Yeah, I began the year 19 00:01:26,879 --> 00:01:32,120 by stating that we basically now have a true perfect storm of social, political, 20 00:01:32,159 --> 00:01:36,599 and economic woes, that it still still can be as far as three 21 00:01:36,640 --> 00:01:40,719 to five years away from fully being implemented. But once it is, it's 22 00:01:40,799 --> 00:01:47,840 called a rival or surpassed what the Great Depression impact America to And so it's 23 00:01:47,840 --> 00:01:53,840 not a bullish stance. I believe philosophy is its preservation of capital, not 24 00:01:55,079 --> 00:02:00,359 capital appreciation. That's important now. All right, So you're more concerned about 25 00:02:00,519 --> 00:02:06,319 return of investment rather than return on investment, correct? All right? So 26 00:02:06,840 --> 00:02:10,039 how do you do that? Like many of you out there are confused, 27 00:02:10,159 --> 00:02:15,439 not sure what to do. The market's been good for so long and you 28 00:02:15,520 --> 00:02:20,520 think it's just going to keep going, But what if it's not. Well, 29 00:02:20,560 --> 00:02:24,199 that's a key point, Kerry. The vast majority of Americans are living 30 00:02:24,199 --> 00:02:28,960 in a lifestyle at least one, if not two levels above what they're truly 31 00:02:29,000 --> 00:02:31,560 their finances support, and everybody says how they do it. It's simple they 32 00:02:31,599 --> 00:02:40,159 borrow, and they also have taken on a lifestyle that almost demands above average 33 00:02:40,159 --> 00:02:44,120 returns. And for a lot of years, as you and I spoke, 34 00:02:44,120 --> 00:02:47,199 even before we started, the markets managed to do that. Not only has 35 00:02:47,280 --> 00:02:52,479 become harder and harder, the people that would aid it no longer have a 36 00:02:52,479 --> 00:02:55,280 free reign to do so. And that's the FED. The FED is really 37 00:02:55,319 --> 00:03:00,199 not got to be in a position to just pop mo money at free will, 38 00:03:01,039 --> 00:03:05,280 as it has in the past, and so I think the first thing 39 00:03:05,360 --> 00:03:09,000 one should do is is to look at how they're living and and see if 40 00:03:09,039 --> 00:03:14,919 budget wise they can live with less is more. That's been my philosophy for 41 00:03:14,960 --> 00:03:17,719 almost twenty years. I could live at a higher lifestyle, I could have 42 00:03:17,800 --> 00:03:22,960 a bigger car, I could have a bigger home, and some people might 43 00:03:23,159 --> 00:03:27,159 feel that there'd be more joy in that, but it also in this lifestyle 44 00:03:27,199 --> 00:03:30,680 that I chosen to live, makes it more at peace, no debt, 45 00:03:30,439 --> 00:03:36,840 easy to meet my monthly needs based on what I do. So I think 46 00:03:37,400 --> 00:03:43,360 that's the first order. Once that's done, then of course there are places 47 00:03:43,360 --> 00:03:46,800 where I don't want to be, and clearly there's no question that even if 48 00:03:46,800 --> 00:03:52,120 you want to be in general, equities. The US stock market is so 49 00:03:52,400 --> 00:03:59,199 more overvalued than compatible companies outside the US that if you need to want to 50 00:03:59,240 --> 00:04:02,479 be in general equals these at least look outside the US. The US market 51 00:04:02,280 --> 00:04:06,960 is not only frauthy, it's highly highly valued. Yeah, well, it's 52 00:04:08,000 --> 00:04:12,960 been overvalued for a long time. And what did demand say? The market 53 00:04:13,360 --> 00:04:17,279 can stay irrational longer than you can stay solvent. Right, yeah, with 54 00:04:17,360 --> 00:04:21,120 Kerry, you know. So in twenty twenty one, I made the decision 55 00:04:21,120 --> 00:04:25,480 that by the end of the year to be out of general equity's not related 56 00:04:25,480 --> 00:04:29,959 to resources, and suggests it to others, including in our planning group here 57 00:04:29,959 --> 00:04:33,040 in the US that we deal with US residents the same and people said, 58 00:04:33,079 --> 00:04:34,839 oh my god, what would you do? And I said, I would 59 00:04:34,839 --> 00:04:40,199 want it rather own gold. And of course gold is always going to be 60 00:04:40,240 --> 00:04:44,279 hated by the financial service industry. They treated like kryptonite. And now it 61 00:04:44,319 --> 00:04:46,680 has even a new group of haters, the crypto nuts. But the bottom 62 00:04:46,680 --> 00:04:51,000 line is in the last two years, even with the rebound that the stock 63 00:04:51,040 --> 00:04:56,480 market had last year, gold still outperformed it. But where it really gets 64 00:04:56,519 --> 00:05:00,120 interesting, and then you do and I go back a long time. Nine 65 00:05:00,160 --> 00:05:03,519 out of our one hundred investment advisors. They'll tell you, oh, stock 66 00:05:03,600 --> 00:05:09,680 since the new letting began clearly outperformed gold, when the fact is gold since 67 00:05:09,759 --> 00:05:15,040 January first, two thousand has even outperformed the stock market. So I still 68 00:05:15,040 --> 00:05:18,319 think there's places, but I'm more focused on preserving one and a half versus 69 00:05:18,360 --> 00:05:24,199 trying to dramatically increase it. And one of the places where I believe preservation 70 00:05:24,319 --> 00:05:28,399 of capital can be, you know, pretty well counted on it, and 71 00:05:28,439 --> 00:05:31,480 that's the gold market right now, right, all right, that's very true 72 00:05:31,480 --> 00:05:38,519 what you say. We know, like golden has gone up tenfold basically since 73 00:05:38,560 --> 00:05:42,959 two thousand, right, yeah, it's gone up about almost seven hundred percent, 74 00:05:43,399 --> 00:05:46,000 while the S and P five the S and P five hundred, any 75 00:05:46,040 --> 00:05:50,839 if you reinvested the dividends is less than that. And yet most people would 76 00:05:50,879 --> 00:05:57,360 say that the stock market absolutely greatly outperformed gold. Then listen. The interesting 77 00:05:57,360 --> 00:06:00,480 about the gold market now always two reasons, one fundamental ones technical. The 78 00:06:00,560 --> 00:06:05,920 fundamental is we've never seen such massive physical buy in by the people that have 79 00:06:06,000 --> 00:06:12,040 the money, the central banks. And then technically we're approaching levels now where 80 00:06:12,040 --> 00:06:15,279 it never really traded before. And therefore, once we get above, and 81 00:06:15,319 --> 00:06:19,000 I think the round number is critical here, the twenty one hundred. Once 82 00:06:19,040 --> 00:06:24,120 people start to hear a twenty one one hundred and something goal price, it's 83 00:06:24,160 --> 00:06:27,360 going to bring in all sorts of momentum and there won't be that resistance of 84 00:06:27,399 --> 00:06:29,800 people. Oh, I'm just glad I got back to here. Let me 85 00:06:29,839 --> 00:06:32,199 get out. And that's where I really think that we accelerate. And I 86 00:06:32,240 --> 00:06:34,560 think we're going to do that in the first quarter of this year. I 87 00:06:34,639 --> 00:06:38,920 think we're going to We're going to print and stay above twenty one hundred, 88 00:06:39,160 --> 00:06:43,839 and that's really going to accelerate the interest in the goal market. So what 89 00:06:44,240 --> 00:06:48,439 about the impact of cryptocurrencies on precious metals. Do you think there's been an 90 00:06:48,480 --> 00:06:53,279 impact? Oh, no question about it. And where the impact has been 91 00:06:53,399 --> 00:06:57,560 is not so much in the physical market, but the things related to particularly 92 00:06:57,639 --> 00:07:02,199 mining shares and particularly the junior resource mark. That market clearly has been impacted 93 00:07:02,240 --> 00:07:06,959 in two ways, not only by people buying crypto currencies versus junior resource stocks, 94 00:07:08,480 --> 00:07:12,879 but also the way that companies used to be able to market to individual 95 00:07:12,920 --> 00:07:17,040 investors has changed dramatically. There's very few financial advisors left in North America that 96 00:07:17,079 --> 00:07:23,199 builds book of businesses around junior resource stocks because commissions are next to nothing or 97 00:07:23,279 --> 00:07:28,040 nothing. And therefore, when you used to get one financial advisor interested in 98 00:07:28,079 --> 00:07:30,360 your company and three or four hundred of their clients came in, now you 99 00:07:30,399 --> 00:07:33,199 got to get to those same three hundred and four hundred that they still exist 100 00:07:33,720 --> 00:07:39,839 almost on a one to one basis. So part of the junior resource market 101 00:07:39,839 --> 00:07:44,079 and mining shares in general has been impacted by crypto, but not so much 102 00:07:44,120 --> 00:07:47,120 to physical market. The physical market, particularly outside of the United States, 103 00:07:47,439 --> 00:07:53,079 is growing stronger. We're witnessing so much more interest now coming out of Asia. 104 00:07:53,360 --> 00:07:58,800 We're also wishing, we thankfully seeing Asia take more control of the goal 105 00:07:58,879 --> 00:08:03,240 market and the market. That's why the raids that happened in the paper market 106 00:08:03,279 --> 00:08:07,360 steel here are not long lasting like they used to be. Right, And 107 00:08:09,920 --> 00:08:13,079 it looks like every time gold now is getting ready to break two thousand, 108 00:08:13,560 --> 00:08:18,319 we have some geopolitical incident that takes place. Have you noticed that too, 109 00:08:20,240 --> 00:08:22,399 Yeah, but you know, here we are at two thousand and something and 110 00:08:22,439 --> 00:08:26,439 for many days now, Harry, And it was a number that seen just 111 00:08:26,560 --> 00:08:31,800 six months ago or twelve months ago, elusive that we couldn't even get to 112 00:08:31,879 --> 00:08:35,120 that. It's a market that I like to describe. It's the Rodney Danger 113 00:08:35,120 --> 00:08:41,320 field of investment. It's no respect and it is before dreading really well. 114 00:08:41,440 --> 00:08:46,399 And I think it's only got to accelerate into a much stronger market which is 115 00:08:46,440 --> 00:08:52,519 going to seem more widespread participation. So you know, we talk about the 116 00:08:52,600 --> 00:08:58,240 Rodney Danger Field of the investment world. You know, you and I dating 117 00:08:58,279 --> 00:09:01,080 ourselves a bit. We both remember really well, I actually met him once, 118 00:09:01,879 --> 00:09:11,279 and you know, it's it's going to change for sure. But like 119 00:09:11,159 --> 00:09:16,840 just the crypto has kind of taken all of Gold's luster and run with it, 120 00:09:18,399 --> 00:09:22,559 and you have to wonder, you know, is there something more behind 121 00:09:22,600 --> 00:09:28,639 it than just people having an infatuation with cryptos or is there is there something 122 00:09:28,720 --> 00:09:33,919 maybe nefarious or I hate to be a conspiracy theorist, but you know, 123 00:09:35,720 --> 00:09:39,039 as it turns out, us conspiracy theorists have been right way more than we've 124 00:09:39,080 --> 00:09:43,000 been wrong here, Peter, No, I agree with that, But you 125 00:09:43,000 --> 00:09:46,360 know what's not what's lost in this. I don't want to call it discussion 126 00:09:46,360 --> 00:09:50,799 because the crypto people don't want to have a discussion. It's not their way 127 00:09:50,879 --> 00:09:54,720 or the highway. But so much money has been lost in crypto when you 128 00:09:54,759 --> 00:10:00,320 look outside of just bitcoin and you look at just what happened in the last 129 00:10:00,399 --> 00:10:05,320 three years, so much money has been lost there. And also people like 130 00:10:05,360 --> 00:10:09,159 to bring up, well, look how much bitcoin is up. It's true, 131 00:10:09,519 --> 00:10:11,960 but there weren't a lot of people participating when it was at those low 132 00:10:13,000 --> 00:10:16,879 prices. Much of the public came in at these levels we're at now or 133 00:10:16,960 --> 00:10:22,919 even higher, and that's just typical of a distribution pattern. And I don't 134 00:10:22,960 --> 00:10:28,080 see the embracing you know, carried the first go around in bigcoin a few 135 00:10:28,159 --> 00:10:31,559 years ago. It was all pushed about how everybody was going to use it 136 00:10:31,639 --> 00:10:37,080 instead of money, and every time somebody made an announcement master car or somebody's 137 00:10:37,120 --> 00:10:41,840 going to eat it was that was another bullish reason that never took hold. 138 00:10:41,519 --> 00:10:46,960 Now, the technology hasn't changed. It's still in a very hard technology for 139 00:10:46,000 --> 00:10:50,639 all the things it's supposed to do. And what's really really interesting is you 140 00:10:50,679 --> 00:10:54,440 have a guy like Larry Frank who just a few years ago called it like 141 00:10:54,600 --> 00:10:58,960 every name in the book wouldn't touch it with a ten foot poll. The 142 00:10:58,039 --> 00:11:01,840 technology has change. Bitcoin now is the same as it was a few years 143 00:11:01,879 --> 00:11:07,320 ago, but suddenly he thinks it's the greatest thing since sliced bread white because 144 00:11:07,559 --> 00:11:09,879 they want to make money trading it through you know, exchange, trade of 145 00:11:09,879 --> 00:11:13,879 funds and so forth and so on. So I just continue to see a 146 00:11:13,919 --> 00:11:18,559 lot of hope and conjecture, but I don't see the reality and the usage 147 00:11:18,879 --> 00:11:22,759 of it, other than the fact that also in you and I have been 148 00:11:22,799 --> 00:11:28,039 around the block this mania that's in it. There's no room for discussion. 149 00:11:28,440 --> 00:11:33,639 And when people are that caught up on anything, on any one thing and 150 00:11:33,799 --> 00:11:35,919 have no room to hear ad anything other than it can only go up, 151 00:11:35,919 --> 00:11:41,240 and it's the best thing in the world. You have to avoid or actually 152 00:11:41,320 --> 00:11:43,320 sell those type of things, no matter what they were. If they were 153 00:11:43,360 --> 00:11:48,080 saying the same things about gold now that they say about bitcoin, I would 154 00:11:48,120 --> 00:11:54,240 get out of gold. It's so true. It reminds you of the political 155 00:11:54,279 --> 00:11:58,519 discussion or lack thereof, that's taking place in the country and the world right 156 00:11:58,559 --> 00:12:03,039 now. There's no room for discussion about anything anymore, is there. I 157 00:12:03,039 --> 00:12:07,639 think that's part of the crisis that's coming. I want to switch gears a 158 00:12:07,679 --> 00:12:11,519 little bit talk about China. Initially it looked like China was going to run 159 00:12:11,559 --> 00:12:18,679 the world but now China's economy is collapsing so fast. They're built and road 160 00:12:18,720 --> 00:12:24,320 initiative, which many have called the bribe and rape initiative, is falling flat 161 00:12:24,360 --> 00:12:31,159 on its face. And their infrastructure that they we're so proud of spent trillions 162 00:12:31,159 --> 00:12:35,200 of dollars over the past thirty forty years seems to be collapsing faster than their 163 00:12:35,320 --> 00:12:41,919 stock markets. Is there a way back for China? Is this just disinformation 164 00:12:41,159 --> 00:12:46,440 being thrown out there by the West, or is there some truth to it? 165 00:12:46,679 --> 00:12:48,639 Well, we're old enough to remember that a lot of the descriptions of 166 00:12:48,759 --> 00:12:52,600 China in recent years, whether the description is given to Japan in the seventies 167 00:12:52,600 --> 00:12:56,519 and eighties, they were going to be to take it over the world. 168 00:12:56,600 --> 00:13:01,120 They were going to become the economic powerhouse and all. And of course nothing 169 00:13:01,240 --> 00:13:03,480 is further from the truth. Now for them, I think we're still a 170 00:13:03,559 --> 00:13:07,360 state. The verdict is still out on China. I do think you bring 171 00:13:07,440 --> 00:13:11,879 up an important part that China is not the slam dunk nor and this is 172 00:13:13,000 --> 00:13:16,639 very important if we believe on this coming financial crisis. Let's not forget that 173 00:13:16,720 --> 00:13:20,039 back in two thousand and eight, they were one of the reasons the whole 174 00:13:20,039 --> 00:13:31,000 world didn't collapse because they were strong enough economically to prevent and help support the 175 00:13:31,039 --> 00:13:33,840 stabilization, if that's what you want to call it. That time. We 176 00:13:33,879 --> 00:13:37,080 never rided ourselves of the financial problems at that point in time. But they're 177 00:13:37,080 --> 00:13:41,879 not in that same position to do that now. Although the flummation of the 178 00:13:41,919 --> 00:13:45,039 bricks at all, of that is going to be something again that's going to 179 00:13:45,039 --> 00:13:48,200 be negative for the US and negative for the dollar at all. But I 180 00:13:48,200 --> 00:13:52,080 think the jury is still out. I do think the interesting thing that's happening 181 00:13:52,120 --> 00:14:01,960 there is there is a switch to consume the driven economy versus an exporting economy. 182 00:14:01,360 --> 00:14:05,639 And the more that they do that, the more the people there want 183 00:14:05,039 --> 00:14:11,000 more of twenty first century lifestyle. They don't want to live under communist rules. 184 00:14:11,039 --> 00:14:15,799 So we may be shocked to surprise that China as we know it will 185 00:14:15,840 --> 00:14:20,279 still exist, but the ion fist that runs it may not be able to 186 00:14:20,360 --> 00:14:22,639 keep running it in the way they did. But I still think the jury's 187 00:14:22,679 --> 00:14:28,360 out. Carry But you're right, this should be far more concerned about China 188 00:14:28,399 --> 00:14:31,559 now than we just had a few years ago. Yeah, I just find 189 00:14:31,600 --> 00:14:37,799 it interesting, you know, they seem to be in a protracted, multifascined 190 00:14:39,000 --> 00:14:41,879 collapse, much like the West, but it looks like it's unfolding faster. 191 00:14:41,960 --> 00:14:46,320 And in two thousand and eight, yeah, they jumped in and they printed 192 00:14:46,399 --> 00:14:52,399 money and you know, use their dollar reserves to help bolster their domestic demand, 193 00:14:54,000 --> 00:15:00,559 which maybe did mitigate the collapse a bit, but perhaps they were just 194 00:15:00,559 --> 00:15:07,320 putting off the inevitable. But this multifaceted moral, ethical, infrastructure, economic, 195 00:15:07,519 --> 00:15:11,840 stock market. You know, we could argue all day about the origins 196 00:15:11,879 --> 00:15:16,120 of a certain pandemic, but it becomes more and more obvious by the day. 197 00:15:16,519 --> 00:15:22,600 It originated there with the help of certain individuals in our own power structure. 198 00:15:24,000 --> 00:15:28,759 But it looks like they're getting their come up ins here in terms of 199 00:15:28,720 --> 00:15:33,480 just this collapse. I mean, you look at these to food drag construction 200 00:15:33,679 --> 00:15:39,480 projects. They have their high speed rail, and it just seems like they 201 00:15:39,480 --> 00:15:43,320 cut a lot of corners to get where they are today, and maybe they 202 00:15:43,399 --> 00:15:46,879 cut too many. Well, it's very odd to look anywhere around the world 203 00:15:46,879 --> 00:15:50,960 and see strength economic or what have you. Whether you look in Europe, 204 00:15:52,399 --> 00:15:56,480 good pots of ases there are. You know, obviously indiers coming a much 205 00:15:56,519 --> 00:16:00,000 lower base, so it can look like it's growing but one of the things 206 00:16:00,000 --> 00:16:04,559 that again has crippled in a sense a good part of the world is the 207 00:16:04,919 --> 00:16:08,879 amount of debt that the world has taken on. And nowhere is that more 208 00:16:08,919 --> 00:16:15,279 important now in the US with thirty four trillion in debt going to fifty trillion, 209 00:16:15,720 --> 00:16:18,200 hay in our interests expence is going to become a major concern over the 210 00:16:18,240 --> 00:16:22,240 next couple of years. So again, you brought up one of many, 211 00:16:22,240 --> 00:16:29,120 many reasons not to be very enthusiastics about general equity markets, China being one 212 00:16:29,159 --> 00:16:33,080 of them. Yeah, yeah, soon, and that demand that they're trying 213 00:16:33,120 --> 00:16:41,320 to facilitate through domestic shifted from international. You see hundreds of Western companies and 214 00:16:41,519 --> 00:16:48,879 Japan Korean companies for that matter. Asian companies are abandoning China are decoupling. 215 00:16:49,600 --> 00:16:53,080 And I don't know if it has to do with the global health issue that 216 00:16:53,120 --> 00:17:02,519 they unleashed on the planet or whether there is just natural cyclical happenings there, 217 00:17:02,759 --> 00:17:06,720 but I do find it kind of interesting. It reminds me of the tale 218 00:17:06,759 --> 00:17:11,160 of Japan thirty years ago. They were going to take over the world. 219 00:17:11,240 --> 00:17:15,680 Then you know they've had the lost couple of decades here, Peter, Yeah, 220 00:17:17,039 --> 00:17:21,720 I spoke about that before, and no one country benefited more from globalization 221 00:17:21,880 --> 00:17:23,920 than China. So of course, if that's the case, we're clearly going 222 00:17:23,960 --> 00:17:29,039 through a deglobalization phase now in the world, so no country should have to 223 00:17:29,079 --> 00:17:32,160 pay more of a price because of that than China. So again, like 224 00:17:32,200 --> 00:17:36,640 I said, this year will probably play a crucial role. There is concern 225 00:17:36,759 --> 00:17:41,440 now that they are in such a deflationary spiral that they should be cutting rates 226 00:17:41,480 --> 00:17:44,720 and other things. Last night they didn't do it in one of their bank 227 00:17:44,799 --> 00:17:48,240 rates, which gaves some people more concern, and the were even weaker. 228 00:17:48,400 --> 00:17:52,039 So it is something, as you noted, very worth watching in the coming 229 00:17:52,160 --> 00:17:56,799 weeks and months. It could very well just wind up adding a fuel to 230 00:17:56,839 --> 00:18:02,720 the fire, right absolutely all right, Peter, We still find you at 231 00:18:02,720 --> 00:18:06,920 Peter Grandage dot com. Go sign up there for Peter's blog. If you 232 00:18:07,000 --> 00:18:10,839 got any questions or comments, kl at Carrie LUTs dot com. You'll find 233 00:18:10,880 --> 00:18:17,079 a link to Peter's site in the show notes to this interview on Financial Survival 234 00:18:17,119 --> 00:18:19,519 Network dot com. Make sure you sign up for your free newsletter. Peter. 235 00:18:19,799 --> 00:18:23,240 Great getting in touch with you again, talking to you, and we'll 236 00:18:23,240 --> 00:18:26,759 definitely be talking to you soon again. Thank you Gary much carry thanks for 237 00:18:26,839 --> 00:18:33,160 listening to Carrie Letz's Financial Survival Network, your solution to today's trying times. 238 00:18:33,400 --> 00:18:40,839 For the latest, go to Financial Survivalnetwork dot com. Financial Survival Network now 239 00:18:40,960 --> 00:18:41,839 more than ever,