We're trying to see if it is indeed possible to taper a Kanzi scheme,
and we know it's not. You know, so this will blow up if
they keep trying to shrink the money supply and there's nothing on the horizon that
makes it look like they're going to do anything different than they have for the
past year. You are listening to Carrie Letts's Financial Survival Network, where you
get valuable information. You just can't find anywhere else to thrive in today's trying
times. You need the Financial Survival Network now more than ever. Go to
Financial Survival Network dot com and get your free newsletter in gift. Financial Survival
Network now more than ever. Welcome you are listening to watching the Financial Survival
Network. I'm your host, Carrie lets Well. John Robino is with us.
We have a lot of great news. John. We've got the seems
like it's the annual debt ceiling Kabuki dance. I sent you a thing about
where kabuki, that term applying to politics came from, and it was actually
started during JFK and he had all those eggheads. They called them the intellectuals
running stuff, and they said that they were basically kabuki dance, a lot
of noise, a lot of dancing, and nothing really happening. And that's
what our debt dramas like, right every single time. Hey, Karen,
Yeah, they've done this so many times. I think that the number is
literally a hundred times that they've raised the debt sale eight seventy eight times.
Okay, And you know there's always some drama beforehand, because that was the
point of the law. It was to make it hard to increase the government's
debt. But it's become impossible to cut government debt or even to stop the
increase slowly increase. So now there's the law has just become this weird thing
that it gives everybody a chance to posture over and then is basically just put
shot the side and they do way with this year's limit or they raise this
year's limit. And yeah, and just let me say, you know,
the correct debt limit is zero or central governments. There should be no ten.
There should be no such thing as government debt. But we're so far
beyond that now that see, that's for the reset, that's that's for later
when we've build something new out of the rubble of this system. Because there's
no way in this system that government debt stops increasing or even slows down.
It has to accelerate from here the various reasons. Yeah, not to mention
that the our monetary system is our currency is a debt based currency. Every
dollar in existence has been borrowed into existence, so you can't slow it down
because once you have less dollars kicking around, nobody can afford to pay their
debt like we're seeing now, and then bankruptcies come. But you can't have
too much of the money creation, or then you have what we have now
is huge inflation. In no way to put it back in the genie back
in the bottle, right. In other words, it's a Ponzi scheme,
and it needs new money to come in continuously and in an ever increasing stream
in order to cover the bad things that have happened in the past, all
the bad depths out there that will blow up unless there's new money to refinance
that debt. And you know, at the same time that this is happening,
we are decreasing the money supply. The M two money supply is now
down over the past year, which it hasn't been for as far back as
the chart goes. So we're trying to Ponzi or trying to taper a Ponzi
scheme, which we can't do. So that's a you know, we're running
experiments in every aspect of modern life right now, but this is a big
one. We're trying to see if it is indeed possible to taper a Ponzi
scheme, and we know it's not. You know, so this will blow
up if they keep trying to shrink the money supply and there's nothing on the
horizon. Look like they're going to do anything different than they have for the
past year. Hey, And in a traditional Ponzi scheme, the people who
cash in their chips earliest win because they get their profits and they get out.
In this situation, I guess the people who who opted out of the
Fiat based monetary system, they're going to be the winners. Well, that's
what you want to do towards the end of a Ponzi scheme. You want
to cash out and you want to put your money in a safe place.
So the people who are well Bill Gates buying a million acres of farmland,
that's one idea, you know, that's an idea, and all the stackers
out there who are buying gold and silver coins. That's another idea. Those
are ways of cashing out. Have a Ponzi scheme, and you know,
you need to find your way whatever whatever it is that makes you comfortable.
You need to move your dollars into those assets things that cannot be inflated away
because the Ponzi scheme is going to collapse at some point because Dad has to
in increase because the baby boomers are retiring yet for no other reason. You
know, we've got this huge wave of people who are going to collect on
Social Security and medicare new and basically John yeah, yeah, yeah, We're
going to be incredibly expensive because you know, a lot of us didn't take
very good care of ourselves. You did carry and I kind of between two,
but the average boomer liver disease, heart disease, joy of replacements.
It's going to be this litany of one hundred thousand dollars operations and treatments or
as far as the eye can see, it's going to cost us a fortune
which we are obligated to pay for, which means the government has to borrow
more more money year after year. And that's in addition to all the other
crazy stuff that the government's obligated to do. So government debt has to increase,
which means the money supply has to increase at an equal or greater rate
to keep the system from blowing out. And right now it's not. Right
now, government debt is soaring while the money supply is shrinking. So um,
we're headed for this brick wall, this financial brick wall out there,
and it doesn't seem to be any way to avoid it because the FED cannot
start cutting interest rates yet and the government can't slow down it's borrowing, So
there's no real way to get the money supply growing again in any meaningful way.
So you know, start looking for things to short. Well, that's
of course, that's the other way to play a collapsing Ponzi scheme is you
actively bet against it. You don't, you don't leave it um and take
your take your assets and go somewhere else. You bet on the main ponsi
assets going down. And that day is coming. I mean, I think
it's actually a good time to be starting to short for sure. I've got
some SMP five hundred and some um nastac shorts, which one of them is
doing okay lately and the other one's not. And then I've got offers in
to short the home builders, which ought to be one of the big casualties
of a collapsing financial Ponzi scheme here, so we'll see you. But you
would think that with house prices where they are right now, interest rates where
they are right now, and the money supply shrinking, that the supply or
the demand for new houses is going to shrink going forward, which will crush
the home builders. We'll see. That's the thesis though, and and my
offers haven't been taken yet, but that's what I'm trying to set up.
That's the trade I'm going forward new Okay, do you know anything about leaps?
Those are long term balls, so they're called like long term appreciations something
or other. I can't remember what LEAP stands for. But you could go
multi year, whereas your standard options are only good for you know, I
mean, you could go years with options, but the far out options are
very lightly trade yeah, not liquid. Yeah, that's what I normally do.
But yeah, the illiquidity is an issue out there because sometimes the premiums
get so crazy. I think when you've talked about this where I tried to
short Tesla with long term options and Tesla did go down, but not enough
to eat all the way through the gigantic premium on those options. So that's
a thing to pay attention to. And I'm just trying to flat out short
the housing the home builders just by selling the stocks without owning them. But
that ties up a lot of cash, you know, you really you have
to have enough in your account to cover you know, a wide range of
resulting outcomes for something like that. With options, it's that's not an issue,
but you got to pay a high premium, so the thing you're shorting
has to drop quite a bit before the option really works for you. So
nothing's perfect, but get it right and and you can make a ton of
money, especially with options. You know, when when an option goes your
way, a five bagger is a very easy outcome, and a ten bagger
can happen easily. So um, you know, it just depends. You
have to pay attention to what you're buying and the and the terms of the
contract. But if you're right, you can make a lot of money shorting
things. I think you could go do a inverse ETFs or for housing.
Um, there's a bear real estate eat enough and but they are dangerous because
they could be highly leveraged. The other thing you could do is sell options
or buy puts on the on the Housing home Builders ETF which is h O
MZ, so you could sell puts, you could buy puts on that.
I should say yes, yeah. Now, the thing about those index etf
is that there are options. Don't usually go out that for That's what I've
noticed. I don't know if there's a rule, but you can get like
one a one year option, one year put option on something like that,
but you can't go out two and a half years. That's why leaps are
so good. Yeah, because in two and a half years you better be
right or else your thesis was completely a mistaken you know. And a leap
is a leap is a long headed a second ago, a long term equity
anticipation security as that for a or a name a leap. So you use
the leaps and you could use less capital than purchasing the shares. Obviously that's
the benefit of an option, and you get a lot more of the benefits
of shorteness stock or owning it because they're long term. They could go out
for years. Yeah. Yeah, so with an option, if you're right,
you can be right very being. But if you're wrong, you lose
everything you put into it. But you didn't put the full price of the
stock into it, so your your total loss is limited in that way.
But yeah, everything has their issues, you know, They've got their upsides
and downsides, and you have to understand the instrument that you're using to short
to know if it's a good deal. So there's a lot to think about.
But you know, I had a formative experience doing this in the Great
Recession when the housing bubble burst. I got that kind of adrenaline rush of
a gambler who has a streak of luck happened, you know, and I
want that back. I've been craving that feeling ever since. So I think,
play, Yeah, I'm an addict. I'm maybe I need to take
that drug you were talking about that his addictions. Yeah, let's let's talk
about that. So this could be the antidote to consumerism because this drug,
which you see it on TV a zempic weggathe, it's somaglatide, and what
scientists doctors have been finding, well number one is that it basically makes you
lose weight because it gets rid of your hunger on several different levels, but
one of them is that it somehow rewires your pleasure center. So when you
eat that chocolate or that ice cream, that dopamine hit is smaller, you
don't get the dopamine, and then it's like, hey, if I can't
get my dopamine, why bother. But what they found is it works with
cigarettes with many people in addition to weight loss, drugs, alcohol, and
shopoholicism. So this could be the death knell to Amazon, to luxury brands,
to all of that. Right, and how much you want about that
the people who edit it have an unfortunate plane crash or something pretty soon because
the rest of big pharma is not going to be happy about this. Well,
they'll come up with an antidote built us put to. They'll find a
MR and a vaccine that stops stops these GLP one agonists from from cutting back
on your urges for all the things that the society makes money off of your
addictions from. Right, That's it's a great race, a weapons race.
Oh, they're just manipulating us through every direction. Yeah, but you know
that's that's the big fear of the pharmaceutical industry is a cure for things.
You know, if somebody cured cancer today, um a trillion dollars of market
cap would disappear from the a drug industry. Unemployment on the unemployment line,
radiation technicians. I mean, the most profitable section of any hospital. I
just read this recently is the oncology department. They make more money off a
chemo than anything else in that hospital. This is what I read. If
I'm wrong, I all stand corrected. Somebody corrected something and I mentioned it
a few weeks ago. If I'm wrong, I want to know. But
I believe this to be true. Well, and that's why they use chemo
for every kind of cancer, even though it only works on a few kinds,
because it's incredibly Yeah, it's expensive, it's high margin, and you
can get away with throwing it at pretty much anything because there's no other treatment.
So yeah, look, there's millions of people alive today because of chemotherapy.
We don't want to poop poo it, but but just follow the money
and understand that that has created incentives that we would prefer not be in place.
Well, obesity might might be in that league monetarily because right now Big
Food makes a fortune selling you know, pseudo foods to people that throws their
metabolisms out of whack, that makes them incredibly fat. Then those people go
to the doctor and instead of the doctor saying you need to lose one hundred
pounds or don't even come back here, they just give them drug after drug
after drug to manage the symptoms of obesity. Yeah. Yeah, So come
up with a drug that cures obesity, and all of a sudden you've got
big food, big pharma, and a big chunk of the rest of the
healthcare profession in bad shape. Right now, you know, that would be
a nice version of creative destruction, right you know, capitalism at work,
at work in the best sense. It's putting a lot of bad actors out
of out of business. You know, if you close down half the pharmaceutical
industry and most of the food processors, you've done a really good thing for
society besides saving mine. So yeah, but you can hope, yeah,
John, if your food addiction comes from the same part of the brain as
drugs, alcohol, cigarettes, and other things like shopoholism, whatever addictions.
If all the addictions emanate from the same place, you know, and you
have a drug that bum gets rid of. Just say it, Just say
it makes your addictions manageable. Like you only spend two hundred dollars a month
on Amazon instead of five hundred. This is like really bad. They can't
allow this because look, addiction is a major profit center in modern capitalism.
Like no one ever went broke, you know, from people who were too
addicted. Right. Well, that that's why I said there was going to
be an accident of some sort here, because this threatens you. If you
threaten two trillion dollars of corporate prophets, you're dead. That's you. You're
just going to die one way or another. You know, there's single single
car accident you're driving by way. Yeah, they'll be they'll be flying a
private jet to Domos or something like that, and they'll go down over the
Rockies. But yeah, you know, you're so cynical, John, But
I hate to say it. It's true. There's one that's even more effective
than ozempic or somaglatide, and that is ter zepetide, which basically you lose
as much weight from that drug as you do from bariatric surgery. All right,
so that means you got all these guys who are putting in bands like
the internal bands, external bands, they're like disconnecting your stomach all of this,
they're going to be out of work too. This could throw we could
have a global to press and all because there's a drug that effectively treats addiction.
I think of all the drug and alcohol counselors, they're going to be
on the breadlines. And this wasn't even done by AI. When you put
all that, nobody's going to be working. If we can end addiction through
a drug and thinking through chat gpt we don't need anybody to work anything to
do anything, right, John, I think this is going to be the
decade of automation. Yeah, you know that's that's going to be a front
page story day after day after day because chat gpt is is eating into a
really shockingly wide range of jobs. You know. The apparently part of the
writer's strength in Hollywood is driven by fears about automation. In other words,
a computer writing screenplays better than a human can do it. That's you know
that that always seemed like right at the edge of creativity where no machine isn't
going to be able to to do dialogue, for instance, as well as
Woody Allen or something like that. But apparently that's a fear now, So
Woody Allen as early days, not in his later days. I think the
AI can beat them in his later movies. Yeah, but you know,
that's a very big deal. That's that's the kind of transition that we aren't
prepared for obviously, but we're going to have to creatively deal with avoid it
turning into this just gigantic catastrophe because a lot of people now are talking about
how that's going to be the thing that makes ubi universal basic income a feasible
government policy because so many people are going to be put out of work.
Meanwhile, the people who own the automating technologies are going to be raking in
such an insane profits that will kind of have to tax the robots and then
spread that money around to the people who are out of work with no prospect
of getting back into their old careers because their old careers are gone. You
know. That's the that's it's an intense decade or century or however long it
takes. But it's good thing you and I are untouchable. Yeah, so
far, it's so good. No, No AI can do what I can
do or you can do. For now they're going, we'll be joining the
rest on the sidelines. But think about this, jot. All the fent
and all deaths, all the drug the deaths from food, from obesity,
type two diabetes, all this, and then we have a drug that gets
rid of all that. Not only will they have to give the UBI,
but life expectancy is going to go up. And well, oh yeah,
you know so, Social Security, medicare, Medicaid already bankrupt, but it's
going to be even worse than that because all these people are like you and
me. If they figure out a drug and we can stick around for an
extra twenty or thirty years, they're going to have to figure out a way
to get rid of us. So maybe the idea of that plane accident on
the way to the Builderberg group meeting where all the uh, well, all
the creators of all these drugs ending addictions, isn't isn't too far a stretch,
is it? Yeah? But you know, wouldn't wouldn't that be just
perfect? Boomers we've had We grew up in basically the best world that has
ever been and we you know, we had it our way all this time,
and we own all the appreciated stocks and all the appreciated houses, and
then they come out with some drug that gives us an extra thirty years.
I think. I think the the Zoomers and the millennials are not going to
think that's fair. You know, well, how about civil war and they'll
just decide to kill off all the people sixty and over because you're just soaking
up the uh, you're just taking you're not contributing anything, You're just getting
paid to not do anything. I think we own most of the guns though,
so we're liable to win the civil war. Yeah, well and just
live forever. Yeah. Yeah. The millennials like they never learned how to
shoot. But speaking of the Builderborgs, So it's underway in Lisbon now.
And if you don't know about the Builderberg group, all the movers and shakers,
hundreds of billionaires from all over the place, and they set policy and
then you know, supposedly like before the first Arab oil embargo, there was
a Builderberg meeting and they decided that the guests would go up to a dollar
a gallant. And in the year it was up in all of these things.
So who's there but the guy who the head of Chat, of open
Ai, the creator of Chat, GPT, the CEOs of Fizer, Microsoft,
Goldman Sacks, and Stacy Abrams. I don't quite get the connection there,
but all the world's move and shakers. I'm sure the heads of of
Google are there, and Zuckerberg or somebody's there from Facebook. I don't know
that they invited Elon Musk this year, probably not as my guess. You
think Elon's there, I'm best he's there, um because they want to win
him over. Hey, they either, let's face it, they have to
assassinate Elon Musk or they have to co up right, so so one way
or the other. Um, but or he's already co opted. You saw
who he named the CEO of Twitter, who was an executive and what economics
are on. I can't explain that unless he flipped her, unless he flipped
her, well, unless he flipped her or they flipped him. Are they
couldn't refuse? Yeah? Yeah, I mean maybe you know, with the
bumper of a tesla in his bed. Well, because I mean think about
it. They could go to him and they'd say they say, well,
listen, we killed the Kennedys, we killed all these other people, you
know, this guy and this guy and this guy that was us. We
killed them all. We'll kill your kids and your wife and your parents unless
you stop this. Then you stop this stuff right now. Yeah, you
gotta sense ourselves here, John. Let's just say they wouldn't hesitate to extreme
prejudice and leave it at that and before and they'll do it again. But
man, that's like, yeah, I couldn't make out what that Twitter thing
was unless it's like he had his new toy, he had his fill of
it, and now he's got to get the Mars in a hurry, so
forget it. Hey, So recession, we've been going over this leading indicators
prerecession territory. Commercial real estate is in the pits and has no hope of
ever recovering in our lifetimes. Home sales down twenty three percent year to year
and home depot. But it's like, that's the really one of the companies
that really excelled during the lockdowns during COVID, and that's reported some bad numbers.
What's your take, Well, there are a lot of things that are
rolling over and what they really knew, so you and you named a lot
of them. And then there's the leading economic indicators which is a kind of
a compilation of a bunch of indicators that tend to predict things going forward,
like hours worked. For instance, if there are longer hours being worked this
month, and that means paychecks are bigger next month and consumer spending is out,
you know, so you can you can use hours worked to predict those
other things. And that index is a very good predictor of coming recessions.
And it's flashing red right now. It says major recession coming. And so
it's no surprised that somebody like home Depot would be seeing less demand for things
that are basically in a lot of cases optional, Right, if you're going
to redo your kitchen, you can do it this year, or you can
wait a year. And when you start being more and more nervous about your
financial situation, it gets easier and easier to wait a year. So the
home supply companies are sensitive in that way. So for Home Depot to see
a big drop in earnings where there were their revenues down to I forget.
So yeah, yeah, so anyhow for them to have a bad quarter is
another leading indicator. It means that that spending from the sectors that would normally
boyd home depot would be weak in the next quarter. Let's say, so
I think by year end we're in a recession, and and then then we
get back to that, Oh they're they're tapering a Ponzi's conping. You know,
we would be basically shutting off the money's picket if the economy starts to
turn over and you'd see a lot of debt go bad. That that commercial
real estate thing is just you saw Sam Dell just or Zelle just died,
right, Yeah, yeah, sad, Yeah. Yeah. He's really just
this down to earth guy who was right over and over again about the real
estate cycle. You know, he would build up this big portfolio of office
buildings and warehouses and factories, and then he would sell them towards the peak,
and then he would go on c NBC or whatever and and say,
yeah, things are headed down. I'm out, I'm out of all my
real estate now. And then it would work out, and then he would
go back in at the bottom. And so he was doing interviews right up
to the end when he was basically saying that same thing again, Yeah,
I'm out, I'm a seller of real estate. He even he called today's
society why am our republic. So he was as apocalyptic as he has ever
been. And he's been right so many times in the past that I think
we need to pay attention. And he says commercial real estate is a mess.
So I got him. He's right, Yeah, you do. Based
on the real stuff that's happening out there and the fact that he's been right
so many times in the past commercial real estate is toast. It sounds like,
yes, yeah, I think you are correct, man, I really
I think he's right. I mean, that guy is one of the smartest
guys and he wrote a book. I mean he was really, really talented
and quite brilliant, so you know, hey, and you could never bet
against him. He always had impeccable timing, that guy. Speaking of real
estate. So New York City lost five point three percent of its population,
almost half a million people since COVID, most of them heading south, all
of them coming to Palm Beach County, Florida, where I am, which
is why the place is so crowded now. And people still think that they're
just coming here for the good weather, right, well, yeah, and
it makes complete sense that people are leaving New York City now. It's very
badly run and it has these monstrous winners. I've lived there for ten years,
and I can remember some walks from one place to another in Manhattan in
the middle of winter that were just you know, they're etched in my memory
as the most painful things. You know. My skin is free anyhow.
So it's no surprise that people are leaving New York City, and it's no
surprise are going to Florida because that's the that's the normal kind of underground railroad
thing they've got going where they ship their retirees down to Florida. So the
big question is can Florida stay a free state if it imports ten million New
Yorkers. I think the jury is still out. Yeah, what I think
is that it will because people who come here are probably more conservative, I
guess than those who are staying there, because Florida has become more red than
ever. So my guess is probably it will stay that way. But I
wouldn't put it past them. You never know. So it's just an interesting
interesting phenomena there. Hey, so what about this. China springs their debt
trap on a dozen countries. They're like coming out of our playbook. It's
like Pakistan Kenya, Zombia, Laos, Mongolia. They're all in hock to
the Chinese. They owe them billions and billions or often substandard infrastructure that was
part of the Belton Road initiative. And China is not so friendly as the
US, the Japanese and others. I just wonder if we're going to see
a new round of Chinese gunboat diplomacy. Well, we weren't very friendly when
we were doing that stuff. For remember that book, the Confessions of an
Economic hit Man. Yeah, you know that. What the US used to
do, according to him, was they would they would go in to you
know, some Banana republic and talk to the dictator and say, hey,
you know, we'll help you build this airport and we'll finance and everything,
and you can you can pocket one third of what we give you and everything.
And then so they go ahead and they do it, and then the
airport doesn't generate enough cash to cover the resulting loans, and then the US
gets to go in and just take those assets. Well, China's kind of
doing the same thing now. They were, They were doing it with a
happy face for a long time. Where was you know, we're never going
to invade you or anything. We don't have anything like the CIA. Don't
worry. But now they've made all these loans to all across Africa. Right,
China is by far the biggest economic force in Africa, but now we're
starting to call to loans. Yeah, and when when you call a loan
that cannot be paid back, that means you get the collateral. So China
is apparently going to be taking over a lot of infrastructure in the developing world,
and you know with all the political influence that that implies. So yeah,
I hate to say I told you so at anybody out there, but
you cannot trust empires to to act in your best interest if you're in a
small country. In fairness to China, I don't think they set out for
this to happen. I think they really believe this Belton Road initiative was really
going to be a major success. And you know, one of the reasons
the United States became ascendant is because of trade routes, trade routes through the
Panama Canal, trade routes from the US to Europe and to Asia, and
it protected those trade routes were better than a hundred years. So the Chinese
answer to that was Hey, we're going to do the built and Road initiative,
and we'll pay off all these tinpot petty dictators. Will build airports,
will build you know, ports and everything else. Well, as it turned
out, the quality of that infrastructure not so good, not as good as
ours, and then they became money losers because they weren't economically viable. And
you know what bails out a economically unviable government investment over time? John?
What inflation? All right? There's so many things that were built in the
United States that were really worthless when they were built, but they were expensive,
and as inflation proceeded ahead, it made those the economic case for those
assets more viable. Problem with China is they haven't even finished half these projects.
And the projects they have finished off and been substandard and just not capable
of generating the return. And I give you the example. A lot of
this was just means of getting capital out of China by private individuals because there
was no legal way to do it. But when you have a money losing
project that you have to keep subsidizing, then the money just flows pretty much
unrestricted. And this is the upshot of it. Now, whether will you
know the United States many times invaded countries because they weren't going to pay us,
especially in South America Costa Rica. The term banana republic came from that.
I wonder, you know, one day we just invaded Nicaragua because they
wanted to expropriate to us fruits banana trees. Right, they just didn't like
the idea of what's now jaquida. I believe us fruit is jaquida international.
Uh so, I think we're we're in a new round of banana republics here.
But they don't have any bananas to send right to China. Well,
they've got a lot of other stuff like box site and what's what's the thing
in oh in the Dominican another Congo? Yeah or dominic No, not Dominica,
Yeah, okay, congos. But you can only send the you know,
miners to mine it. But miners with an or not an R.
Yeah. Well yeah, I mean those you know, those those videos of
the child labor travel child slave laborers as far as the eye can see.
So we can have cheap art for cars. Yeah, that's h's that's miners
with When they say miners in cobalt mining, they mean M I, N
O R, not er god Yeah, what a world? Really, what
a world. You know, there's a long list of stuff we're gonna have
to answer for him, and that's one of them. You know, the
idea that our green technology requires something like that to be created, and we
still think of it as green. It means we were never really cared about
the environment, you know, we just wanted cool stuff at any price.
Yep, that's it. Well, hey, the end justifies the means,
and that's where we're at now. And you can't blame other countries for following
that business model. It propelled the US to where it is today. But
the past is not so rosy. A lot of people died, a lot
of exploitation, a lot of suffering, and hey, I'm not like bashing
the country, but you have to understand the history of the exploitation that carries
on to this day. Right. Oh yeah, it's not the past.
It's currently going on a lot of this stuff. You know, you look
at factory farming or or most of the extractive industries that are springing up around
clean tech, and it's as bad as anything we ever did. So yeah,
yeah, that's too bad. The world couldn't have learned a lesson in
They don't teach us this history, not in our schools, not in any
schools, even in the countries we conquered in the Philippines, in Haiti,
in Costa Rica, in Honduras, they don't teach this history. They don't,
and therefore we keep keep repeating. Anyway, I don't want to get
into the whole anti Americanism, but we have to acknowledge it worked, but
at what cost? And to continue this model onward? This is not going
to work in any event. That is it. We've run over. But
make sure you go to John's substack. It's Robino substack dot com. The
link is the show notes this interview. Hey, our sight Financial Survival Network.
Make sure you sign up for your free newsletter that I'm sending out shortly
and John, we will catch up with you next two weeks. Okay,
Sehry, thanks for listening to carry Lets's Financial Survival Network, your solution to
today's trying times. For the latest, go to Financial Survival Network dot com.
Financial Survival Network now more than ever