1
00:00:00,160 --> 00:00:05,480
You're listening to Carrie Letts's Financial Survival
Network, where you get valuable information you

2
00:00:05,599 --> 00:00:10,880
just can't find anywhere else to thrive
in today's trying times. You need the

3
00:00:10,960 --> 00:00:17,359
Financial Survival Network now more than ever. Go to Financial Survival Network dot com

4
00:00:17,399 --> 00:00:24,039
and get your free newsletter and gift. Financial Survival Network now more than ever,

5
00:00:27,519 --> 00:00:32,039
and welcome this. It is Financial
Survival Network. I'm your host,

6
00:00:32,119 --> 00:00:37,439
Carrie Letts, and it's time for
another triple Let's report. Haven't done one

7
00:00:37,799 --> 00:00:42,320
in months, maybe maybe it's been
a year. And the last one was

8
00:00:42,359 --> 00:00:50,119
about the Second Amendment case in the
Supreme Court where the New York stayed against

9
00:00:50,240 --> 00:00:54,799
Rawn or Brewer. Can't remember the
name in any events, we're talking about

10
00:00:54,880 --> 00:00:59,560
China. I've been a China follower
for two decades now. I visited the

11
00:00:59,560 --> 00:01:03,920
country twice. I don't pretend to
be an authority on it, but I

12
00:01:03,960 --> 00:01:10,439
do follow other people who are authorities. And Gordon Chang has been saying it

13
00:01:10,480 --> 00:01:14,359
was going to blow up, it
was fake for better part of a decade.

14
00:01:14,719 --> 00:01:19,239
So we give Gordon Chang the stop
Clock Award. Yeah, it's easy

15
00:01:19,280 --> 00:01:23,120
to say, well, you know, you look at an eighty year old

16
00:01:23,120 --> 00:01:26,280
person and it's easy to say,
well, you know, you're probably going

17
00:01:26,359 --> 00:01:30,200
to die within the next decade,
and the odds are you're going to be

18
00:01:30,319 --> 00:01:37,439
right. But hey, the reasons
that Gordon stated, huge borrowing, huge

19
00:01:37,480 --> 00:01:47,799
debt bubbles, mal investment, housing, export driven, exploitative, mercantilistic model,

20
00:01:48,319 --> 00:01:53,920
all these reasons and more. China
is in the process of imploding.

21
00:01:53,000 --> 00:01:59,359
Now now we'll talk about the reasons
for the implosion. Like I said,

22
00:02:00,359 --> 00:02:05,719
printing money, hyper inflation. They
have been acquiring gold and other resources,

23
00:02:06,079 --> 00:02:09,360
but they don't seem to have any
inclination to want to back their currency by

24
00:02:09,400 --> 00:02:14,639
it. You heard a lot about
the bricks nations, and now they've dded

25
00:02:14,680 --> 00:02:20,319
Saudi Arabia and Argentina who wants them, and a couple of other countries.

26
00:02:20,680 --> 00:02:23,360
Charles Nanner seems to think that the
bricks are going to be something I don't

27
00:02:23,439 --> 00:02:30,400
because their largest economy is China's second. I guess the second largest is India

28
00:02:30,479 --> 00:02:37,439
and then Russia. And these bricks
countries have performed over the past decade since

29
00:02:37,479 --> 00:02:44,759
the Great Financial Collapse horribly, especially
China. China has had no real growth

30
00:02:45,120 --> 00:02:49,360
during that time. So let's take
a closer look because China is supposedly the

31
00:02:49,400 --> 00:02:53,960
second the world's second largest economy,
could be the first. That all depends

32
00:02:53,000 --> 00:02:58,240
how you judge. It had a
monstrous boom for forty years. They opened

33
00:02:58,319 --> 00:03:01,759
up in nineteen seventy eight. In
two thousand, I think it was two

34
00:03:01,800 --> 00:03:08,000
thousand, they were allowed into the
World Trade Organization. A phenomenal string of

35
00:03:08,159 --> 00:03:14,639
economic growth. Although you know,
there's as Churchill said, there's lies,

36
00:03:14,800 --> 00:03:19,120
they're damn lies, and then there's
statistics. Well, you know, you

37
00:03:19,159 --> 00:03:23,360
can't believe the US government statistics,
but normally you can drill down on them

38
00:03:23,800 --> 00:03:31,560
and tend to get some glimmer of
the truth. Chinese statistics are completely manufactured,

39
00:03:31,639 --> 00:03:37,120
made out of whole cloth, so
you can't believe anything that the Chinese

40
00:03:37,120 --> 00:03:40,759
put out. Nothing. So,
yes, they've had an impressive string of

41
00:03:40,800 --> 00:03:46,639
success, economic success. Hundreds of
millions of people have been lifted out of

42
00:03:46,800 --> 00:03:51,400
poverty, abject poverty. And when
you think of poverty, you can't even

43
00:03:51,439 --> 00:03:57,520
imagine what it's like in these third
world countries China included because China was once

44
00:03:57,919 --> 00:04:00,560
a third World country. Now it
was on its way to becoming the first

45
00:04:00,599 --> 00:04:08,840
world country. Will see what happens. So what happened basically the current regime

46
00:04:08,919 --> 00:04:15,279
there by g pretty much meddled in
everything. They didn't understand the reason for

47
00:04:15,399 --> 00:04:20,959
China's success over the past three and
a half decades. They thought it was

48
00:04:21,000 --> 00:04:26,560
just China is great, and know
that might be the case, China might

49
00:04:26,600 --> 00:04:30,000
be emerging great power. But it
wasn't because China was great. It was

50
00:04:30,040 --> 00:04:38,480
because they unleashed the power of individuals, of entrepreneurs. Everyone in China was

51
00:04:38,600 --> 00:04:44,519
in business making money, and once
they started to interfere in the economy and

52
00:04:44,639 --> 00:04:50,240
really stop the process, that unleashed
this tidal wave of wealth creation. It

53
00:04:50,319 --> 00:04:57,480
was basically beforegone conclusion that this thing
was going to bomb out. When you

54
00:04:57,519 --> 00:05:02,439
look back when they first started their
their economic success, they just come off

55
00:05:02,519 --> 00:05:08,839
of the you know, the counter
revolution, the great leap forward, and

56
00:05:09,360 --> 00:05:17,199
most of China's economy was done to
was done through state owned enterprise. Is

57
00:05:17,399 --> 00:05:26,399
incredibly inefficient, corrupt, well,
corruption is the rule of law in China.

58
00:05:26,680 --> 00:05:30,519
Okay, everybody is getting something,
everybody's on the take in a lot

59
00:05:30,519 --> 00:05:34,560
of ways. It's not that much
different from the United States. However,

60
00:05:34,959 --> 00:05:40,839
in the United States, the entrepreneur, the driving force behind a project,

61
00:05:41,240 --> 00:05:46,160
knows he's going to have to pay
out somewhere between five to fifteen percent to

62
00:05:46,639 --> 00:05:49,439
let us charitably say, grease the
wheels. In China, you might be

63
00:05:49,519 --> 00:05:56,240
paying the CCP, Chinese Communist Party
officials, and local hanchas fifty percent.

64
00:05:56,800 --> 00:06:00,879
So then you have to cut back
on every single ass back to the project

65
00:06:00,279 --> 00:06:06,360
in order to attempt to earn a
profit, and that includes screwing subcontractors and

66
00:06:08,000 --> 00:06:11,439
cheating on the specs of the job. But that's another thing that we're going

67
00:06:11,519 --> 00:06:16,120
to get into. The point is
that once the Chinese Communist Party again became

68
00:06:16,160 --> 00:06:21,319
the dominant party in the country's economy, that's when things really started to head

69
00:06:21,439 --> 00:06:27,800
downhill. And now we fast forward
to today floods, natural disasters. I

70
00:06:27,800 --> 00:06:33,399
mean, China makes Florida and California
look like totally safe and secure places the

71
00:06:33,439 --> 00:06:38,680
way things work there. They've just
had these enormous floods. Beijing was getting

72
00:06:38,720 --> 00:06:44,079
flooded along with a ghost city that
she's personal project. So what do they

73
00:06:44,160 --> 00:06:47,160
do. They don't like try to
preserve people, save people, don't.

74
00:06:47,279 --> 00:06:53,720
They go and they blow up dips
and they flood the water. They let

75
00:06:53,720 --> 00:06:59,399
the water create a path forward into
lesser provinces and don't give any warning,

76
00:07:00,120 --> 00:07:04,279
people are getting killed, their properties
destroyed. It's just an unbelievable situation.

77
00:07:04,720 --> 00:07:09,480
Haven't seen that happen in the United
States yet. Maybe it will at some

78
00:07:09,600 --> 00:07:15,519
point. You could argue what happened
in Maui was part of some nefarious plot.

79
00:07:15,800 --> 00:07:18,360
I haven't seen evidence to that effect, but it's certain. It certainly

80
00:07:18,439 --> 00:07:24,040
is worthy of exploration. But in
China there's no exploration necessary. It's like,

81
00:07:24,319 --> 00:07:29,920
to save Beijing, we destroy the
outlying provinces and the people are enraged.

82
00:07:30,000 --> 00:07:32,720
And then when there's a disaster in
China, it's not like the United

83
00:07:32,759 --> 00:07:38,000
States, where it's on the news
twenty four to seven until the next disaster

84
00:07:38,120 --> 00:07:42,160
comes. No, you see a
couple of references to it, and then

85
00:07:42,279 --> 00:07:48,720
the CCPs totally censors it. So
what we're seeing is the infrastructure. Everybody's

86
00:07:48,800 --> 00:07:53,879
raving about the Chinese infrastructure. It's
stayed in the art. It's amazing,

87
00:07:54,279 --> 00:07:58,639
it's incredible, and they're building tunnels, bridges and all that, except the

88
00:07:58,839 --> 00:08:03,439
under the corrupt model, all of
the CCP half the money gets blown on

89
00:08:03,959 --> 00:08:09,240
raft. In the United States,
maybe it's fifteen to twenty five percent,

90
00:08:09,680 --> 00:08:15,040
but the project gets done. When
there's a bridge collapse in the United States

91
00:08:15,079 --> 00:08:18,680
on a major highway or a minor
highway. It's all over the media.

92
00:08:18,000 --> 00:08:22,959
Everybody is outraged. We've got to
do something about it. The America's infrastructure

93
00:08:22,000 --> 00:08:28,079
is crumbling. Blah blah blah.
Yeah, infrastructure has issues, for certain,

94
00:08:28,439 --> 00:08:35,200
but the infrastructure in the United States
is far outliving its expectant life.

95
00:08:35,440 --> 00:08:39,159
In China, not the case.
They have regular bridge collapses and then when

96
00:08:39,200 --> 00:08:45,399
there's a flood, everything comes down. In Beijing. After the flooding,

97
00:08:45,840 --> 00:08:50,120
sinkholes are opening up all over the
city, all over the place. And

98
00:08:50,200 --> 00:08:56,759
sinkholes are a common phenomena because they
overpump, over exploit the groundwater, causing

99
00:08:56,840 --> 00:09:03,360
subsidence. Subsidence of the soil causes
building collapses. So you just have to

100
00:09:03,360 --> 00:09:07,679
go onto YouTube. And a lot
of this had been censored and really kind

101
00:09:07,720 --> 00:09:11,960
of throttled for years. But now
all of a sudden, I guess Google

102
00:09:13,279 --> 00:09:18,840
leaving China. They don't have such
an interest in the Chinese model enduring,

103
00:09:20,279 --> 00:09:24,679
and now they're all over YouTube and
all over Google as well, and you

104
00:09:24,720 --> 00:09:26,759
need to go take a look at
a few of them, just to see.

105
00:09:28,399 --> 00:09:33,320
One show that I really love is
China Fact Chasers these two guys had

106
00:09:33,320 --> 00:09:37,799
written around the country in motorcycles,
exploring ghost cities, poverty, all this.

107
00:09:37,159 --> 00:09:41,440
Finally they had to flee China because
their lives and their families were in

108
00:09:41,519 --> 00:09:46,080
danger. But it's really a great
show. It's part of a larger show.

109
00:09:46,080 --> 00:09:50,440
I think it's called the China Show
that they also do highly recommended.

110
00:09:50,559 --> 00:09:56,320
But the point is their infrastructure,
brand new infrastructure. They show pictures.

111
00:09:56,759 --> 00:10:03,320
They go into a building and you
know, every free stairwell in a high

112
00:10:03,399 --> 00:10:07,320
rise in the United States has to
have a fire hose, or at least

113
00:10:07,399 --> 00:10:11,919
one per floor, depending on the
size of the structure. In China,

114
00:10:11,960 --> 00:10:16,159
they had a similar rule. Except
when they did the inspection of these fire

115
00:10:16,200 --> 00:10:20,679
hoses and they turned the thing to
see the water pressure, turned the valve

116
00:10:20,759 --> 00:10:24,720
on, nothing happened, and then
they would like pull it off. They

117
00:10:24,759 --> 00:10:28,519
just broke it off. Literally,
it was connected to nothing. Storm grates

118
00:10:28,559 --> 00:10:33,720
that are supposed to take away stormwater. They pull up in the grate and

119
00:10:33,759 --> 00:10:37,679
it's the grates just there. There's
nothing else there. It's what this China

120
00:10:37,759 --> 00:10:45,919
Chaser's Guide calls China is the land
of short cuts and facades. So they

121
00:10:45,960 --> 00:10:48,840
go through safety theater, but there
is no real safety there. And you

122
00:10:48,879 --> 00:10:54,360
see these floods. One tunnel got
flooded in a province a couple of years

123
00:10:54,360 --> 00:10:58,320
ago, thousands of people died.
You never read about it. The CCP

124
00:10:58,559 --> 00:11:03,639
never admitted it. When there's a
disaster, the CCP, rather than going

125
00:11:03,679 --> 00:11:09,960
to the aid of their citizens,
basically stifles them, shuts them down and

126
00:11:09,519 --> 00:11:13,240
make sure that no bad news can
get out there. But the people know.

127
00:11:13,840 --> 00:11:20,440
The people know. The CCP looks
like it's on its deathbed. In

128
00:11:20,919 --> 00:11:26,440
China, every dynasty has ended with
a great flood. Will it be the

129
00:11:26,960 --> 00:11:31,960
collapse of the Three Gorges Dam could
very well be, since I did my

130
00:11:31,039 --> 00:11:35,440
report on it. There was actually
a YouTube that came out that actually detailed

131
00:11:35,440 --> 00:11:41,720
the shotty construction and the way they
cheated. Shotty construction in China is called

132
00:11:41,759 --> 00:11:46,320
tumfu drag construction. So the walls
are made of tofu and it's got to

133
00:11:46,320 --> 00:11:50,039
do when when you make tofu and
you cook it, you have these dregs

134
00:11:50,080 --> 00:11:54,120
that are useless. They don't have
any flavor anyway. Tofu drag. That's

135
00:11:54,120 --> 00:12:00,559
all you need to know. China
is the tofu drag country. There structure

136
00:12:00,679 --> 00:12:07,200
shot China does best when a Western
company like Apple or whomever goes there,

137
00:12:07,519 --> 00:12:11,519
sets up a factory, sets standards, and gets product, and then they

138
00:12:11,559 --> 00:12:16,600
inspect the product and they throw out
whatever didn't comply. Or when Tesla opens

139
00:12:16,679 --> 00:12:22,799
up a factory in China, that's
when China right now has done best.

140
00:12:22,919 --> 00:12:28,240
And that's not too belittle the Chinese
people, but the Western countries cannot tolerate

141
00:12:28,279 --> 00:12:33,919
the level of fraud and corruption that
the Chinese and the Asians do. That's

142
00:12:33,960 --> 00:12:39,080
just the fact. Then we look
at their real estate marketing. Nobody's buying

143
00:12:39,120 --> 00:12:43,919
property. Foreclosures in China a whole
different animal than here. It's like they

144
00:12:43,960 --> 00:12:48,399
foreclose on your house and then you
still got to pay the debt off,

145
00:12:48,799 --> 00:12:54,039
so you know you're still on the
hook. It's called recourse. In the

146
00:12:54,159 --> 00:12:58,399
US, certain states are recourse,
certain states are non recourse. But after

147
00:12:58,480 --> 00:13:03,919
the gcf A foreclosure crisis, basically
even the states where there's recourse, they

148
00:13:03,960 --> 00:13:09,000
don't chase the debtor for it.
In China, they'll lock you up.

149
00:13:09,600 --> 00:13:15,000
They have debtors prisons in China.
So China, their housing market is on

150
00:13:15,159 --> 00:13:20,480
the it's collapsing before your very eyes. We had ever Grande and country Garden.

151
00:13:20,600 --> 00:13:24,480
Now which was twice the size of
Ever Grande. And the top ten

152
00:13:24,879 --> 00:13:31,320
top ten real estate companies in China
have collapsed or will collapse probably within the

153
00:13:31,320 --> 00:13:35,759
next month. Then we've also got
you know, the perils of Pauline here.

154
00:13:37,000 --> 00:13:41,279
It just keeps getting worse and worse. The banks are on the balls

155
00:13:41,679 --> 00:13:46,840
of their you know what, the
banks have limited daily withdrawals. The banks,

156
00:13:48,720 --> 00:13:52,519
a lot of them have collapsed,
and there is no FDIC, there's

157
00:13:52,559 --> 00:13:56,799
no Federal Reserve printing money out for
the poor will begotten depositors. No,

158
00:13:56,960 --> 00:14:01,919
they're just on their own, and
they're starting to protest about it. So

159
00:14:03,080 --> 00:14:07,000
banking industry is on its way out. It's bad here in the United States.

160
00:14:07,879 --> 00:14:13,399
In the US, look, we've
got a banking crisis that started and

161
00:14:13,480 --> 00:14:20,279
as continuing to unfold, and hundreds
of banks potentially will cease to exist if

162
00:14:20,320 --> 00:14:28,799
the Federal Reserve doesn't and its policy
here of ever increasing interest rates. This

163
00:14:28,879 --> 00:14:31,039
remains to be seen. I don't
know how much long are there going to

164
00:14:31,120 --> 00:14:37,600
go. Nick Santiago on my show, has been detailing this. He was

165
00:14:37,679 --> 00:14:41,279
spot on. He called for higher
interest rates. He was about six months

166
00:14:41,360 --> 00:14:45,399
early, but he knew it was
going to happen higher interest rates. Well,

167
00:14:45,600 --> 00:14:50,000
in China, they're cutting interest rates. They've got deflation, and so

168
00:14:50,480 --> 00:14:54,360
you've got infrastructure collapse, real estate
market which is anywhere from twenty five to

169
00:14:54,440 --> 00:15:01,759
thirty percent of China's GDP. You've
got banking collapse right and left that you

170
00:15:01,799 --> 00:15:07,759
don't hear about. And of course
export, the export boom is gone,

171
00:15:09,080 --> 00:15:15,240
aarn investment is gone. There are
investors are not putting money into China anywonger

172
00:15:15,600 --> 00:15:20,679
for good reason. And their exports
are down double digit month over a month.

173
00:15:20,960 --> 00:15:26,360
You can expect that China is going
to see mass unemployment right now,

174
00:15:26,399 --> 00:15:33,759
their youth unemployment, the state says
it's twenty plus percent. The reality adjusted

175
00:15:33,840 --> 00:15:37,799
figures it's closer to fifty percent.
Hey, you think we have useless degrees

176
00:15:37,840 --> 00:15:43,440
in the United States, like puppetry, English literature, blah blah blah.

177
00:15:43,440 --> 00:15:48,519
Well, advanced degrees in China have
turned out to be useless. People getting

178
00:15:48,559 --> 00:15:52,200
engineering, masters, doctorates, what
are they doing. They're doing Uber and

179
00:15:52,320 --> 00:16:00,080
door dash food delivery services. So
you've got implosion of the educational industrial complex.

180
00:16:00,639 --> 00:16:04,480
People are still trying to go to
school, good schools there, but

181
00:16:04,519 --> 00:16:08,720
they're seeing that the fruits of their
labor don't exist, so you can expect

182
00:16:08,759 --> 00:16:15,919
that mass dropouts, mass closures of
Chinese universities. Hey, a lot of

183
00:16:15,919 --> 00:16:22,159
times we like to issue in the
West propaganda about the East, and it's

184
00:16:22,240 --> 00:16:26,399
not true. It's unfounded, like
Russia is losing the war. I don't

185
00:16:26,440 --> 00:16:30,799
think Russia's winning the war. I
don't think they're losing it. But if

186
00:16:30,799 --> 00:16:37,559
you watch the Western propaganda, you
expect that Zelenski will be a you know,

187
00:16:37,759 --> 00:16:41,840
taking over the Kremlin next week,
and it'll be putting a silver steak

188
00:16:41,960 --> 00:16:47,440
or a wood spike through Putin's heart. I don't think it's quite that dire.

189
00:16:47,679 --> 00:16:55,120
But clearly the intentions of the war
by the Russians have failed because it's

190
00:16:55,120 --> 00:16:57,840
still going on nearly two years later. But that's just an example of Western

191
00:16:57,879 --> 00:17:06,559
propaganda propaganda. This is not propaganda
driven. What's happening in China. What's

192
00:17:06,559 --> 00:17:11,920
happening in China is clearly fact based. We're seeing it all over. So,

193
00:17:11,039 --> 00:17:15,279
Gordon Chang, you were spot on, but you were just about fifteen

194
00:17:15,359 --> 00:17:22,839
years too early. So it's always
better to be right than to be wrong

195
00:17:22,880 --> 00:17:26,759
at the right time. So if
you just stuck with it, you would

196
00:17:26,759 --> 00:17:32,039
have been fine. You shouldn't have
been making predictions as to the timeframe,

197
00:17:32,359 --> 00:17:36,880
but we love you anyway, Gordon. So what's going to happen, Well,

198
00:17:36,960 --> 00:17:41,599
implosion of China is going to be. It's going to have effects felt

199
00:17:41,920 --> 00:17:47,119
all over the country. The question
is is the implosion going to implode because

200
00:17:47,160 --> 00:17:52,359
of political instability, chaos, rioting, civil war or is it going to

201
00:17:52,440 --> 00:17:56,319
be economic collapse that's going to happen
no matter what. Is it going to

202
00:17:56,400 --> 00:18:03,240
be an economic collapse that that just
leads to a new regime and maybe things

203
00:18:03,240 --> 00:18:07,119
can continue on somewhat. But it's
going to affect you because so many of

204
00:18:07,160 --> 00:18:11,279
the products you and I purchase are
produced in China, all of your electronics,

205
00:18:11,480 --> 00:18:15,440
all of the stuff. This microphone
I can tell you was actually it's

206
00:18:15,480 --> 00:18:19,319
a cloud microphone and it was produced
in the United States, but I wouldn't

207
00:18:19,359 --> 00:18:26,440
doubt if it's got Chinese components,
particularly medications, all of the generic medications,

208
00:18:26,960 --> 00:18:30,759
if they don't, half of them
come from China and the other half.

209
00:18:32,039 --> 00:18:36,400
A lot of the precursors to those
drugs are produced in China. Of

210
00:18:36,799 --> 00:18:41,599
a lot of building materials. So
we're going to have this decoupling in this

211
00:18:41,759 --> 00:18:47,960
deglobalization not so much a result of
intent, but as a result of economic

212
00:18:48,000 --> 00:18:52,680
collapse, and it's going to affect
every single country in the world to a

213
00:18:52,680 --> 00:18:56,920
greater or lesser degree, because China
was the world's factory. And hey,

214
00:18:57,119 --> 00:19:00,480
don't get me wrong, China makes
a lot of products. I'm sitting around

215
00:19:00,559 --> 00:19:07,519
my office here looking at all the
great products we have. But they make

216
00:19:07,559 --> 00:19:11,680
a lot of garbage too, And
they have no respect for intellectual property right

217
00:19:11,680 --> 00:19:18,519
now, intellectual property is considered a
property class by most of the world,

218
00:19:18,559 --> 00:19:22,119
and you're supposed to get royalties and
they just rip it off. These are

219
00:19:22,160 --> 00:19:26,839
facts. I don't make this stuff
up. So point is, collapse is

220
00:19:26,839 --> 00:19:30,079
coming. It could be here tomorrow, it could be here in six months.

221
00:19:30,119 --> 00:19:34,759
The political situation, they cannot deal
with it. They are in no

222
00:19:36,160 --> 00:19:41,200
position to keep printing money, and
they don't seem to want to because they

223
00:19:41,200 --> 00:19:45,759
don't really care about their citizens suffering. Not that we do here in the

224
00:19:45,759 --> 00:19:52,960
West. But at least our founding
documents showed a care and a consideration for

225
00:19:52,000 --> 00:20:00,960
the country citizens that current execution of
these documents of our government clearly doesn't have.

226
00:20:00,720 --> 00:20:03,640
But at least we had the right
intention. They never had it in

227
00:20:03,799 --> 00:20:08,160
China, so a lot of things. I suggest you buy at least six

228
00:20:08,200 --> 00:20:12,079
months to a year worth of medications, even if you're not sick. Buy

229
00:20:12,200 --> 00:20:19,359
up a bunch of antibiotics because they
could be very difficult to get. The

230
00:20:19,400 --> 00:20:26,200
other question is will a global health
scare coincide with China's collapse? To keep

231
00:20:26,799 --> 00:20:30,160
to keep the people, to keep
the sheeple in their place. I just

232
00:20:30,200 --> 00:20:33,960
don't know. I mean, I
know, I hear more mask at choose

233
00:20:34,079 --> 00:20:41,200
its type style masking taking place,
even though we've got meta studies after meta

234
00:20:41,240 --> 00:20:48,640
studies that show or it'd certainly question
the efficacy of the prophylactic capabilities of masking

235
00:20:48,720 --> 00:20:55,960
for upper respiratory infections. Don't know
about that. That's the ambit of conspiracy

236
00:20:56,039 --> 00:20:59,680
theorists. But just share with you
a new shirt that I got. I

237
00:20:59,680 --> 00:21:03,319
wish I had it here. I
show you now. It says I identify

238
00:21:03,519 --> 00:21:10,200
as a conspiracy theorist. My pronouns
are told you so anyway, I'm telling

239
00:21:10,200 --> 00:21:15,400
you now, it's just like the
thirties, but I think the consequences are

240
00:21:15,440 --> 00:21:18,599
going to be far worse. There
are many more people in the world now.

241
00:21:19,039 --> 00:21:26,759
The farm urbanization has taken people off
the farms we have, like in

242
00:21:26,799 --> 00:21:30,359
the United States, like two or
three percent of our total population works on

243
00:21:30,440 --> 00:21:36,119
farms, and they're productive. I'm
not going to talk about the quality of

244
00:21:36,160 --> 00:21:40,279
the so called food that they produce, but you know, hey, you

245
00:21:40,279 --> 00:21:45,079
go to McDonald's, you get your
big mac with cheese and fries and your

246
00:21:45,119 --> 00:21:51,240
coke. Not that that's food,
but it passes for food in many places

247
00:21:51,279 --> 00:21:53,680
in the world. So these are
just things you need to be aware of.

248
00:21:53,880 --> 00:21:59,400
I'm telling you this is coming.
It's not propaganda. Coincided with the

249
00:21:59,440 --> 00:22:06,640
war Ukraine. Will China seek to
divert attention by invading Taiwan? I don't

250
00:22:06,720 --> 00:22:12,480
think so. China's targets to target
rich environment. They can't attack Taiwan by

251
00:22:12,519 --> 00:22:18,079
surprise. Taiwan will know it's coming. Taiwan's been digging in for decades now.

252
00:22:18,960 --> 00:22:22,759
I'm not convinced that it's going to
happen. I think saber rattling kind

253
00:22:22,799 --> 00:22:27,000
of blackmailing the world is really the
way to go for them, and that's

254
00:22:27,000 --> 00:22:32,680
what they've been doing all along.
But hey, what's going to happen?

255
00:22:32,759 --> 00:22:34,920
I can't tell you. I don't
know. It all depends whether it's a

256
00:22:34,920 --> 00:22:41,640
peaceful transition in China or a violent
transition. Tyrants are not known for voluntarily

257
00:22:41,759 --> 00:22:48,839
letting go of power. So that's
it for today. Spend another triple lets

258
00:22:48,880 --> 00:22:53,720
report, carry Lets signing off.
Thanks for listening to carry Lets's Financial Survival

259
00:22:53,799 --> 00:22:59,519
Network, your solution to today's trying
times. For the latest, go to

260
00:22:59,680 --> 00:23:04,960
Finance Infill Survival Network dot com.
Financial Survival Network now more than ever,