1 00:00:00,120 --> 00:00:05,960 It's more posturing because there is absolutely no way on in any scenario, that 2 00:00:06,120 --> 00:00:11,320 new United States allows itself to default on its obligations. Because the dollar is 3 00:00:11,400 --> 00:00:16,399 the worldwide currency, it's the currency that's used to trade oil, it is 4 00:00:16,399 --> 00:00:21,679 the standard throughout the world. The United States will never put that positioning at 5 00:00:21,760 --> 00:00:27,000 risk. You're listening to Carrie Letz's Financial Survival Network, where you get valuable 6 00:00:27,039 --> 00:00:32,600 information you just can't find anywhere else to thrive in today's trying times. You 7 00:00:32,679 --> 00:00:38,960 need the Financial Survival Network now more than ever. Go to Financial Survival Network 8 00:00:39,000 --> 00:00:45,719 dot com and get your free newsletter and gift. Financial Survival Network now more 9 00:00:45,799 --> 00:00:54,000 than ever. Welcome you are listening to watching the Financial Survival Network. I'm 10 00:00:54,000 --> 00:00:58,000 your host, Carrie Letz. Well, we've got the I guess it's annual 11 00:00:58,119 --> 00:01:03,040 or almost annual debts kabuki dance taking place in DC now. If you're not 12 00:01:03,159 --> 00:01:11,879 aware to date, they've they've raised. Congress since nineteen sixty has raised the 13 00:01:11,000 --> 00:01:19,840 debt ceiling seventy eight separate times to permanently raise or temporarily extend or revise the 14 00:01:19,000 --> 00:01:26,120 definition of debt limit. That's forty nine times under Republican presidents and twenty nine 15 00:01:26,159 --> 00:01:30,120 times under democratic presidents. So that should tell you that this thing really kind 16 00:01:30,120 --> 00:01:38,840 of should transcend politics. They're both both parties are fiscally irresponsible and have showed 17 00:01:38,200 --> 00:01:46,799 absolutely no desire to reign in spending and to reprioritize government and preferably to stop 18 00:01:46,840 --> 00:01:51,120 the government the country in the world from going bankrupt. But maybe this time 19 00:01:51,200 --> 00:01:55,120 is different. Carl Gould is with us now by him at Karl Gould dot 20 00:01:55,120 --> 00:01:57,280 com. Carl, great to have you back on. So why is this 21 00:01:57,319 --> 00:02:00,560 time different than all the others? Hey carry great to be here. It's 22 00:02:00,599 --> 00:02:04,560 not different than all the others. It's the same as all the others. 23 00:02:04,560 --> 00:02:09,319 And what the death ceiling becomes as a negotiating point that every politician knows is 24 00:02:09,319 --> 00:02:14,719 coming at some point, because what happens is, you know, the country 25 00:02:14,800 --> 00:02:19,039 expands, they make more money. We have a greater GDP gross domestic product, 26 00:02:19,240 --> 00:02:23,520 which is like our salaries, right, So the percentage of what you 27 00:02:23,560 --> 00:02:28,199 are able to borrow or what is responsible to borrow also can increase, and 28 00:02:28,280 --> 00:02:34,439 so by definition, the debt ceiling will increase as the company grows. Each 29 00:02:34,479 --> 00:02:38,159 party knows that they all know that it's coming, but they use it as 30 00:02:38,159 --> 00:02:44,759 a bit of a bargaining chip so they can get other items resolved as part 31 00:02:44,840 --> 00:02:50,080 of the debt ceiling. All right, So so this is like death taxes 32 00:02:50,120 --> 00:02:53,159 and the debt ceiling, right, pretty much, it's inevitable. There's now 33 00:02:53,240 --> 00:02:59,080 and now the debt ceiling changing and rising doesn't have to be a bad thing. 34 00:02:59,639 --> 00:03:05,080 It does mean we are irresponsibly raising the debt ceiling. It just means 35 00:03:05,080 --> 00:03:07,319 that at some point, if you look at a percentage of revenue, the 36 00:03:07,400 --> 00:03:10,879 debt ceiling will follow. We have to, of course, keep it under 37 00:03:10,879 --> 00:03:15,680 a certain percentage, just like every every person out there is not going to 38 00:03:15,719 --> 00:03:21,319 apply for a or get accepted for a mortgage if it's over a certain percentage 39 00:03:21,319 --> 00:03:23,759 out there salary. But as your salary goes up, your ability to borrow 40 00:03:23,840 --> 00:03:28,199 goes up as well. This is the same thing. But Carl, doesn't 41 00:03:28,199 --> 00:03:32,840 it reach a point where it's unsustainable? And maybe we're at that point already 42 00:03:34,240 --> 00:03:38,159 where we can't grow ourselves out of it. It used to be the debt 43 00:03:38,560 --> 00:03:42,039 the deficit would be a couple of billion, Then it went to tens of 44 00:03:42,080 --> 00:03:45,560 billions, then it went to hundreds of billions. Now we're in the trillion 45 00:03:45,599 --> 00:03:51,599 dollar ms. What don't you think that's important? Doesn't it make a difference 46 00:03:52,439 --> 00:03:55,560 at some point? There there is no question, and all of the entitled 47 00:03:55,800 --> 00:04:03,439 programs during COVID increased the debt to historic eyes, and so it does need 48 00:04:03,520 --> 00:04:08,240 to be reined back in. There is no question about it. And that's 49 00:04:08,280 --> 00:04:14,400 exactly what's happening now. The Republican side wants certain spending measures reduced, the 50 00:04:14,439 --> 00:04:19,480 Democratic side wants certain entitling programs to stay, and that all of the negotiation 51 00:04:19,560 --> 00:04:25,160 that we're hearing about now has everything to do with everything but the debt ceiling. 52 00:04:25,480 --> 00:04:30,240 They're not going to approve the death ceiling unless they get their their programs 53 00:04:30,279 --> 00:04:34,360 push forward, right, So it's a political bargaining chip effectively, is what 54 00:04:34,439 --> 00:04:40,160 you're telling exactly. And whoever has um you know, whoever has the majority 55 00:04:40,160 --> 00:04:45,680 in Congress currently the Republicans can exert more influence. And so they're playing a 56 00:04:45,680 --> 00:04:48,720 bit of game of chicken right now. But in the end they're all gonna 57 00:04:48,759 --> 00:04:51,920 come to the table or they are they really playing a game of chicken? 58 00:04:53,199 --> 00:04:58,319 Or is this just all fostering and just playing to the public. It's more 59 00:04:58,360 --> 00:05:03,800 posturing because there is absolutely no way on in any scenario that the United States 60 00:05:03,839 --> 00:05:10,800 allows itself to default on its obligations. Because the dollar is the worldwide currency, 61 00:05:11,199 --> 00:05:14,920 if it's the currency that's used to trade oil, it is the standard 62 00:05:15,000 --> 00:05:18,720 throughout the world. The United States will never put that positioning at risk. 63 00:05:19,600 --> 00:05:25,079 All right, But there we come into the end of the dollar being the 64 00:05:25,120 --> 00:05:30,199 sole reserve currency, now, aren't we really? I don't know that we're 65 00:05:30,240 --> 00:05:35,480 coming to the end. Remember every time you borrow money and you signed a 66 00:05:35,480 --> 00:05:40,920 thirty year mortgage, you have locked in that dollar for the next thirty years. 67 00:05:41,360 --> 00:05:46,319 Anytime somebody places a foreign investment in our country and that invest if it's 68 00:05:46,360 --> 00:05:47,839 a bond and it's a ten year bond, well that dollars locked in for 69 00:05:47,879 --> 00:05:51,720 ten more years. That mortgage is locked in for twenty more years or thirty 70 00:05:51,720 --> 00:05:57,839 more years. So the where that disruption is going to come from is digital 71 00:05:58,480 --> 00:06:01,920 currencies, cryptoc and sees and other digital currencies. That is what is going 72 00:06:01,959 --> 00:06:10,360 to disrupt the monetary system overall. But the dollar will remain as the world's 73 00:06:10,360 --> 00:06:15,439 currency for the immediate time. Be okay, Well, hopefully you're correct on 74 00:06:15,519 --> 00:06:21,079 that score. I don't know. At some point the world is subsidizing US 75 00:06:21,079 --> 00:06:26,079 now subsidizing the dollar. Don't you think that you're going to get tired of 76 00:06:26,120 --> 00:06:31,319 this at some point? Well as other opportunities and other options materialize, that 77 00:06:31,439 --> 00:06:34,600 is what is going to put the dollar at risk. And so I think 78 00:06:34,600 --> 00:06:40,639 the big change you're going to see is not necessarily around paper currency. It's 79 00:06:40,680 --> 00:06:45,160 going to be around digital currency because right now, cash is the only way 80 00:06:45,399 --> 00:06:48,920 that you can exchange value with another person without an intermediary. In other words, 81 00:06:49,199 --> 00:06:51,720 Kerry, I can give you a dollar, you can give me something 82 00:06:51,759 --> 00:06:56,160 back that's worth a dollar. We didn't need anyone else's permission for that. 83 00:06:56,439 --> 00:06:58,959 I gave you a dollar, you gave me back value in a dollar. 84 00:06:59,199 --> 00:07:02,639 That's the only Please, there's that one to one exchange. But right now 85 00:07:02,639 --> 00:07:08,480 it's not the physical currency. Well, cryptocurrency and other digital currencies are trying 86 00:07:08,519 --> 00:07:14,319 to become is a one to one, peer to peer exchange of value that 87 00:07:14,399 --> 00:07:17,759 does not have an intermediary. That's where the change is going to come in 88 00:07:18,079 --> 00:07:25,920 because now governments can't regulate the currency or the transaction. Okay, so yeah, 89 00:07:26,040 --> 00:07:30,639 so this cryptocurrency is another step towards enslavement, then, isn't it. 90 00:07:30,720 --> 00:07:33,720 Then now there will be. They're just trying to figure out how to regulate 91 00:07:33,759 --> 00:07:38,040 it and how to enforce it. Because right now, if you have a 92 00:07:38,079 --> 00:07:41,040 currency, it's because you have an army and you have a government, right 93 00:07:41,160 --> 00:07:44,439 And if you have a strong enough government and a strong enough army, then 94 00:07:44,519 --> 00:07:49,199 your currency will be stable and will be welcome in the marketplace. The United 95 00:07:49,240 --> 00:07:54,720 States has both a great army, a great military, and a very stable 96 00:07:54,759 --> 00:07:59,439 government, and so that's that's one of the reasons why the US currency is 97 00:07:59,519 --> 00:08:03,759 the world's currency, and so h with it. When it comes to a 98 00:08:03,759 --> 00:08:07,120 digital currency, it is likely going to be backed by a military and backed 99 00:08:07,160 --> 00:08:11,839 by a government, all right. So when we're looking at the stability though, 100 00:08:13,279 --> 00:08:16,680 how stable really is the United States at this point? Well, relatively, 101 00:08:16,759 --> 00:08:22,759 the United States is one of the most if not the most stable currency 102 00:08:22,839 --> 00:08:30,279 in one of the most stable economies. The overall monetary system is what has 103 00:08:30,319 --> 00:08:33,759 some instability in it. Certainly, China is making some advances, but their 104 00:08:33,799 --> 00:08:43,320 population, def their population is going to start to contract over the next couple 105 00:08:43,399 --> 00:08:48,440 decades. So that's actually going to put them in a really difficult position because 106 00:08:48,440 --> 00:08:52,759 they will not be able to sustain their growth. So they are going their 107 00:08:52,799 --> 00:08:56,639 policies of only one child or family is going to come back to haunt them 108 00:08:58,039 --> 00:09:01,799 as they look to grow, because it is rejected that in the next two 109 00:09:01,840 --> 00:09:07,320 decades they will drop below one billion people and so they will have twenty to 110 00:09:07,480 --> 00:09:11,240 thirty percent less population that they have now. And so for a growing company, 111 00:09:11,799 --> 00:09:16,000 sorry for a growing country that wants to be a player in the world 112 00:09:16,080 --> 00:09:22,200 market, that's going to be borderline devastating for them. Yeah. Well, 113 00:09:22,679 --> 00:09:26,399 in the meantime, though, we got this banking disaster that's still unfolding that 114 00:09:26,559 --> 00:09:31,879 they haven't been able to get a handle on yet and making a lot of 115 00:09:31,919 --> 00:09:37,480 people nervous about the long term stability and viability of the country. Are you 116 00:09:37,519 --> 00:09:41,600 concerned about it? Well, I'm always concerned about the long term viability of 117 00:09:41,600 --> 00:09:46,879 our country, and I'm not ready to ring the doomsday bell just yet. 118 00:09:46,000 --> 00:09:50,279 I think there. I think we have a many more tools at our disposal 119 00:09:50,320 --> 00:09:54,080 that we once had. But it will be a volatile and very rocky road 120 00:09:54,120 --> 00:09:58,200 over the next three to six years, there is no question about it. 121 00:09:58,600 --> 00:10:03,559 The you know, the economic downturns and the correction in the markets, when 122 00:10:03,559 --> 00:10:07,879 you mix in COVID and the pandemic and all the dollars that were put back 123 00:10:07,919 --> 00:10:13,840 into the system to stimulate it that all that XS cash excess equity, excess 124 00:10:15,000 --> 00:10:18,279 value has to be flushed out and normalized. And so yeah, the next 125 00:10:18,320 --> 00:10:20,440 three to six years are going to be rough, but they're going to be 126 00:10:20,519 --> 00:10:26,120 rough for everybody. There's there's nobody that is going to be spared this next 127 00:10:26,159 --> 00:10:30,840 correction that will come over the next few years. So it's going to be 128 00:10:30,879 --> 00:10:33,519 tough. It's gonna be tough, there's no doubt about all. Right, 129 00:10:33,720 --> 00:10:37,000 So we know it's gonna be tough. But what can you do about it? 130 00:10:37,039 --> 00:10:41,799 How do you prepare for it as an individual? Are you totally helpless 131 00:10:41,879 --> 00:10:43,320 or is there something you can do? No, there's a lot you could 132 00:10:43,320 --> 00:10:46,000 do, and you want to just be a little bit more discretionary with your 133 00:10:46,039 --> 00:10:52,039 spending. A formula that we advise our clients to use is to look at 134 00:10:52,080 --> 00:10:56,639 anything that you're about to buy. You look at the asset and you want 135 00:10:56,639 --> 00:11:01,440 to pay sixty percent of the asking price, or you're looking for bargains. 136 00:11:01,440 --> 00:11:05,879 You're looking for deals because things are overchrist right now, So don't get caught 137 00:11:05,120 --> 00:11:11,559 over buying an asset. And during the next three to six years. Don't 138 00:11:11,600 --> 00:11:16,120 expect an asset to grow in its equity value. Manage it for cash flow. 139 00:11:16,519 --> 00:11:20,919 So we say buy low and manage for cash flow during times like this. 140 00:11:20,399 --> 00:11:24,519 And if you are if you are doing that and not expecting to get 141 00:11:24,600 --> 00:11:30,000 some high you know, upside on the value or the equity value of the 142 00:11:30,039 --> 00:11:33,200 asset, you should be in good seat, all right. So so buy 143 00:11:33,399 --> 00:11:39,600 assets at a discount. Do we buy assets other than housing, assets that 144 00:11:39,639 --> 00:11:43,519 are going to make you money cash flowing? Perhaps your guidelines there. So 145 00:11:43,559 --> 00:11:46,879 if you need to buy a truck for your business, you need to buy 146 00:11:46,879 --> 00:11:50,799 a printing press because you're a printer, you need to buy. If you're 147 00:11:52,039 --> 00:11:56,440 a contractor, you need to buy you know, lawnmowers and trailers and trucks. 148 00:11:56,919 --> 00:12:01,080 Look for them out on the secondary market. Somebody who has a change 149 00:12:01,120 --> 00:12:03,440 in their life or change in their business or looking to sell. You could 150 00:12:03,480 --> 00:12:09,200 likely get a good deal on that. So don't pay retail prices for the 151 00:12:09,240 --> 00:12:13,919 next three to six years on assets because they will not appreciate. You want 152 00:12:13,919 --> 00:12:16,559 to look for the good deal, and you want to you want to bargain 153 00:12:16,679 --> 00:12:20,799 hunt right now, all right, So bargain hunting. You know, I'm 154 00:12:20,840 --> 00:12:26,039 always bargain hunting, so that's nothing new to me. Sure, but make 155 00:12:26,120 --> 00:12:33,320 sure that these are the kind of assets that perhaps aren't going to lose value. 156 00:12:33,440 --> 00:12:37,240 Do we say it that way, or well, they are. If 157 00:12:37,279 --> 00:12:41,279 you bought them at their peak, they might likely lose their value for a 158 00:12:41,320 --> 00:12:45,120 period of time. But if you're buying below market value, when the value 159 00:12:45,159 --> 00:12:48,000 comes down, you'll still be safe and you won't be underwater. You know, 160 00:12:48,039 --> 00:12:50,759 if you look back at two thousand and five where people bought houses, 161 00:12:50,799 --> 00:12:52,519 they bought them at the peak with low interest rates. Right, all of 162 00:12:52,559 --> 00:12:54,879 a sudden the value the house comes down, and all of a sudden, 163 00:12:54,919 --> 00:13:00,120 your interest rate goes up. Now you're underwater. Your mordig is high or 164 00:13:00,120 --> 00:13:03,480 than the value of your own right, so you got underwater that way. 165 00:13:03,600 --> 00:13:05,480 We're not doing it that way. Now. What we're doing is we say, 166 00:13:05,480 --> 00:13:09,039 if you're asking for a hundred, I'm offering sixty. I'll buy us 167 00:13:09,039 --> 00:13:13,000 somewhere in there. So when that asset drops down to eighty or seventy, 168 00:13:13,240 --> 00:13:18,120 I'm still okay. All right. So but you know, like a house, 169 00:13:18,519 --> 00:13:22,159 all right, For instance, you know that inflation is not going away 170 00:13:22,200 --> 00:13:26,080 anytime soon. They don't have it under control. As much as they would 171 00:13:26,080 --> 00:13:31,840 like you to believe that you got to live someplace anyway, you risk being 172 00:13:31,000 --> 00:13:39,320 underwater to have your monthly housing payment to be below market value. You know 173 00:13:39,320 --> 00:13:41,919 what I'm saying. Yeah, not necessarily. So for example, you can 174 00:13:43,000 --> 00:13:46,960 have a house that's a perfectly good asset, but maybe the ownership or the 175 00:13:46,039 --> 00:13:50,279 partnership that owns it is distressed. So you're not always just looking for distressed 176 00:13:50,279 --> 00:13:54,120 assets. You're also looking for distressed people that are in distressed and need to 177 00:13:54,159 --> 00:13:56,919 get out of it, and you could help them do that. So as 178 00:13:56,919 --> 00:14:03,919 state sales and auctions and what people are selling their real estate portfolio or um, 179 00:14:05,360 --> 00:14:09,039 you're you're buying a fixer upper, or you know somebody is looking to 180 00:14:09,159 --> 00:14:13,559 down size or they're moving, So there are other avenues to explore. Sometimes 181 00:14:13,559 --> 00:14:18,720 when you see a foresale by owner, that's somebody that's that you know might 182 00:14:18,720 --> 00:14:24,000 be look have some have some distress or or their life circumstances have changed, 183 00:14:24,240 --> 00:14:28,440 and you coming in and even buying it for less than they're asking actually helps 184 00:14:28,440 --> 00:14:31,600 them out. So so there are a number of circumstances where you could buy 185 00:14:31,600 --> 00:14:37,080 it a discount and it actually helps the seller Okay, got you there, 186 00:14:37,519 --> 00:14:43,200 all right? So win win situation effectively or win not excuse me, m 187 00:14:43,559 --> 00:14:48,519 but at this way, win win but not losing too much. Correct, 188 00:14:48,879 --> 00:14:52,240 Sometimes you win by not losing, right, That's right. Sometimes you get 189 00:14:52,279 --> 00:14:54,720 into a good deal if sometimes you avoid a bad one. Those are both 190 00:14:54,720 --> 00:15:01,159 wins. All right. What about people as far as testing in yourself, 191 00:15:01,360 --> 00:15:05,399 human capital, all that stuff, does that still apply or do you just 192 00:15:07,039 --> 00:15:11,399 hoard cash and try to ride out the storm. No, you know some 193 00:15:11,559 --> 00:15:13,320 people will hoard cash and just try to ride out the storm, and that 194 00:15:13,399 --> 00:15:18,320 would be a mistake right now doing volatile times. Purchasers defer to what they 195 00:15:18,320 --> 00:15:24,360 believe are experts, and they believe if they believe that company is the best 196 00:15:24,399 --> 00:15:26,960 in its niche. So right now I would be directing my If I'm a 197 00:15:26,960 --> 00:15:33,240 business owner, I'm directing my funds towards marketing and I'm brand building and I'm 198 00:15:33,919 --> 00:15:39,480 show I'm sharing thought leadership to show that I have I'm a subject matter expert, 199 00:15:39,480 --> 00:15:41,000 and I have a solid place in the market. Now, if you're 200 00:15:41,000 --> 00:15:45,279 an employee, what I suggest is go to your boss and show them just 201 00:15:45,320 --> 00:15:48,360 how indispensable you are, and tell them that you are willing to come back 202 00:15:48,399 --> 00:15:52,840 into the office at least three days a week, because that's where that's what 203 00:15:52,919 --> 00:15:58,039 businesses need. They need their employees back in the office. And I know 204 00:15:58,120 --> 00:16:00,600 it was an employee's market for a while, but it's flipped back. It's 205 00:16:00,639 --> 00:16:04,600 an employer's market now. And you don't want to be left on the outside 206 00:16:04,600 --> 00:16:10,080 looking in. You know, business great businesses, most of them are grown 207 00:16:10,440 --> 00:16:15,480 by having their employees collaborating and be around each other, have proximity. So 208 00:16:15,759 --> 00:16:18,639 I would share with your with my boss just how indispensable I am, and 209 00:16:18,679 --> 00:16:22,440 then I'm willing to come into the office. Yeah. But if you're a 210 00:16:22,519 --> 00:16:26,320 millennial, the last thing you want to do or a gen zer, last 211 00:16:26,320 --> 00:16:30,080 thing you want to do is go back to the office. Right, This 212 00:16:30,200 --> 00:16:33,519 is true. This is true. You might not want to do it, 213 00:16:33,559 --> 00:16:37,320 but it doesn't change the fact that that's what the company needs. And you're 214 00:16:37,360 --> 00:16:41,000 putting yourself at a disadvantage if you're unwilling to do all. Right, So, 215 00:16:41,120 --> 00:16:44,320 no matter how any masks you think you need to go back to the 216 00:16:44,399 --> 00:16:49,039 office, go back to the office. Now. Remember most businesses have adopted 217 00:16:49,080 --> 00:16:53,600 a hybrid policy. They're okay with you only coming in a few days a 218 00:16:53,639 --> 00:16:56,600 week, right, So set your week up that way, right, and 219 00:16:57,080 --> 00:17:00,120 it's and it doesn't have to be as bad as it seemed. To Remember 220 00:17:00,240 --> 00:17:03,079 it wasn't all that long ago that you used to go into the office all 221 00:17:03,160 --> 00:17:10,119 the time. So you know they if not, you are subjecting yourself to 222 00:17:11,279 --> 00:17:14,680 you know, the marketplace and trying to find a job where that is going 223 00:17:14,720 --> 00:17:18,880 to be the prevailing request is that you move back in to the office. 224 00:17:18,039 --> 00:17:22,519 Come back to the office the bullet, huh, bite the bull, or 225 00:17:22,599 --> 00:17:26,720 start your own business where you don't have to come in and come into the 226 00:17:26,759 --> 00:17:29,640 office. But if you're working for somebody else, they're going to ask you 227 00:17:29,680 --> 00:17:33,440 to come in right. Don't be insulted if the boss expects you to come 228 00:17:33,440 --> 00:17:38,160 in right, that's right. Look before COVID, nobody was saying the way 229 00:17:38,200 --> 00:17:41,920 to build a great company is to send everybody home. Nobody was saying that 230 00:17:41,920 --> 00:17:45,200 that was out of necessity. We got a little there is, we got 231 00:17:45,200 --> 00:17:49,119 a little sabbatical there. If you're able to engineer your life where you can 232 00:17:49,200 --> 00:17:55,400 continue to do that, good for you. But understand that business owners know 233 00:17:56,200 --> 00:18:00,960 and they've had the most success by having their teams working together at being in 234 00:18:00,000 --> 00:18:03,480 an office together, and they're going to go back to that. Yeah, 235 00:18:03,640 --> 00:18:07,680 and you know when Elon Musk is saying, you know, you got to 236 00:18:07,720 --> 00:18:12,119 come back to the office or else, then it's time to get back to 237 00:18:12,200 --> 00:18:18,000 the office. Exactly, exactly, all right, Well, interesting perspective on 238 00:18:18,079 --> 00:18:22,480 things, Carl. Just tell us where we find you. How do we 239 00:18:22,519 --> 00:18:25,559 connect with you on the web. Sure, you can connect with me by 240 00:18:25,599 --> 00:18:30,160 going to my personal site Carl three six dot com. That's c A RBL 241 00:18:30,359 --> 00:18:33,680 three six zero dot com and you can connect with all of my social media. 242 00:18:33,880 --> 00:18:37,920 Interact with me anyway, Drop me a text, drop me a line, 243 00:18:37,920 --> 00:18:41,200 and we can we'll connect there, all right. That link is in 244 00:18:41,200 --> 00:18:47,880 the show notes to this interview on Financial Survival Network and the just click through 245 00:18:48,000 --> 00:18:51,400 and it'll take you there. While you're at the site, just to sign 246 00:18:51,440 --> 00:18:53,839 up for your free newsletter. We bring you a lot of interesting info like 247 00:18:55,359 --> 00:19:00,160 things with Carl's discussing the economy, the dollar, all these things. And 248 00:19:00,240 --> 00:19:02,920 if you got a question for me or Carl, I'll shoot us an email. 249 00:19:03,279 --> 00:19:06,880 Heyl at carry Lutz dot com. Carrel always a pleasure. We'll talk 250 00:19:06,880 --> 00:19:10,240 to you a gain real soon. Thanks Carry, Thanks for listening to carry 251 00:19:10,319 --> 00:19:15,519 Lutz's Financial Survival Network, your solution to today's trying times. For the latest, 252 00:19:15,599 --> 00:19:22,000 go to Financial Survival Network dot com. Financial Survival Network now more than ever