1 00:00:00,160 --> 00:00:03,200 Okay, the FED is going to have to use pretty soon, which normally 2 00:00:03,240 --> 00:00:07,400 would be good for bitcoin. And we've got the you know that's going to 3 00:00:07,400 --> 00:00:10,839 cause inflation, which also would be good for bitcoins. Yeah, we've got 4 00:00:10,839 --> 00:00:14,720 the ztfs coming online. And you know, we have to remember cryptos, 5 00:00:14,759 --> 00:00:18,280 Bitcoin and the theireum at least together or not that big of a market. 6 00:00:18,280 --> 00:00:21,280 If you take the whole crypto of universe, it's pretty good size, but 7 00:00:21,559 --> 00:00:24,760 for the two main coins, it's not that big. So if a lot 8 00:00:24,800 --> 00:00:30,399 of generalists money flows into these ETFs and they have to buy, I don't 9 00:00:30,440 --> 00:00:34,399 want to say physical Bitcoin and physical ethereum, because that's not how that works. 10 00:00:34,520 --> 00:00:39,640 You're listening to Carrie Letz's Financial Survival Network, where you get valuable information 11 00:00:39,799 --> 00:00:45,159 you just can't find anywhere else to thrive in today's trying times. You need 12 00:00:45,159 --> 00:00:51,719 the Financial Survival Network now more than ever. Go to Financial Survivalnetwork dot com 13 00:00:51,759 --> 00:00:58,439 and get your free newsletter and gift. Financial Survival Network now more than ever, 14 00:01:00,920 --> 00:01:06,319 and welcome you are listening to and watching the Financial Survival Network on your 15 00:01:06,359 --> 00:01:11,439 earths. Carrie Lutz, Well John Rabino's with us. John, We've had 16 00:01:11,920 --> 00:01:17,280 conversations about gold and silver. You know, it's almost thirteen years now, 17 00:01:17,319 --> 00:01:22,200 if you could believe it, and it's always been kind of the same conversation, 18 00:01:22,840 --> 00:01:26,319 except today, right, hey, Jerry. Yeah, Well, there's 19 00:01:26,359 --> 00:01:29,439 been some thrills and chills in the precious metals market. In the last week, 20 00:01:30,040 --> 00:01:34,840 gold finished an all time monthly high, and overnight just last night it 21 00:01:34,920 --> 00:01:41,719 broke through twenty one hundred before getting smacked back down. So basically now it's 22 00:01:41,760 --> 00:01:49,280 a question of support and resistance because traders humans like big round numbers, so 23 00:01:49,319 --> 00:01:53,560 we tend to cluster for our buying and selling at the big round numbers. 24 00:01:53,359 --> 00:01:57,879 And so for over the past three or so years, gold has gotten up 25 00:01:57,879 --> 00:02:01,159 to two thousand, which is the biggest of big round numbers in gold's history, 26 00:02:02,239 --> 00:02:07,000 and each time it's gotten smacked back down because so many sales came in. 27 00:02:07,200 --> 00:02:10,039 And I posted a thing on substack a while ago about the gold resistance 28 00:02:10,280 --> 00:02:15,879 is finite, and the you know, the idea is that eventually, if 29 00:02:15,879 --> 00:02:20,400 you keep trying the big round number where there's resistance, eventually you soak up 30 00:02:20,439 --> 00:02:25,879 all the selling and then you could break through and then the old resistance becomes 31 00:02:25,960 --> 00:02:30,719 support. So that's what we got to see next with gold was you know, 32 00:02:30,759 --> 00:02:34,639 well, whether it drops back down to two thousand and then bounces off 33 00:02:34,680 --> 00:02:38,080 of that on its way up to twenty one or twenty two hundred, and 34 00:02:38,120 --> 00:02:43,080 if that's true that happens, then we're in a boole market because what used 35 00:02:43,080 --> 00:02:46,919 to be resistance is support, and there's no real resistance before twenty five hundred 36 00:02:47,439 --> 00:02:52,759 in terms of psychologically important big round numbers. So it'll be a hell of 37 00:02:52,800 --> 00:02:55,159 a ride if that happens, and we could find out this week, you 38 00:02:55,199 --> 00:02:59,960 know at least, or actually we could find out today gold was getting whack 39 00:03:00,280 --> 00:03:04,240 today. And if it drops the two thousand, bounces off, then my 40 00:03:04,439 --> 00:03:10,159 thesis is supported and we should expect a nice long run from there. Well, 41 00:03:10,240 --> 00:03:14,280 I'm going to go out, I'm going to go out on the line 42 00:03:14,319 --> 00:03:21,240 and say, this is two thousand and eleven on steroids. Remember twenty eleven, 43 00:03:22,800 --> 00:03:27,039 twenty eleven in the years that followed were life changing experiences for me. 44 00:03:27,080 --> 00:03:32,240 So yeah, I remember twenty eleven definitely. Everything that happened then is Look, 45 00:03:32,800 --> 00:03:37,759 I knew when the crash hit, and it really hit and gold went 46 00:03:37,800 --> 00:03:40,400 down under one thousand, that's when I was buying and I was buying silver 47 00:03:40,759 --> 00:03:45,759 six to eight dollars an ounce, and I never bought any more after that. 48 00:03:46,120 --> 00:03:49,800 A couple of little bits here and there. I bought some war nickels, 49 00:03:49,879 --> 00:03:54,000 just to prove that you could buy silver for less than its melt value, 50 00:03:54,159 --> 00:03:59,719 because the war nickels at the time, those were nickels produced during World 51 00:03:59,759 --> 00:04:01,879 War II two. They didn't have any copper nickel, and then they just 52 00:04:01,919 --> 00:04:08,400 had silver and they're thirty five percent silver, and they were selling below their 53 00:04:08,400 --> 00:04:12,479 mouth value. And I just did that to prove that it could be done. 54 00:04:12,719 --> 00:04:17,040 Two hundred bucks worth on eBay. But this seems to me. Now 55 00:04:17,079 --> 00:04:21,680 I could be wrong, but I think this is we're getting to the backup 56 00:04:21,720 --> 00:04:27,519 the truck moment. I think we will have a pullback here and they'll drive 57 00:04:27,560 --> 00:04:30,879 it below two thousand, so everybody will say a goal, that faked us 58 00:04:30,879 --> 00:04:36,959 out again, another head fake, and that's when it goes. And maybe 59 00:04:38,000 --> 00:04:42,480 eighteen hundred is that bottom. I don't know. Well, yeah, there 60 00:04:42,480 --> 00:04:46,399 are macro reasons why that's very reasonable, and that is because we're heading into 61 00:04:46,439 --> 00:04:49,160 a recession right now. You know, people were a little bit the third 62 00:04:49,279 --> 00:04:54,319 quarter GDP ratings were really strong. They were like five percent annualized growth, 63 00:04:54,959 --> 00:05:00,800 and then after that every macro indicator that you can think, and a bunch 64 00:05:00,839 --> 00:05:03,959 that you probably have never heard of before all turn negative. And so so 65 00:05:04,160 --> 00:05:11,920 now we're probably into recession. And the way that works with the equities markets 66 00:05:12,120 --> 00:05:17,040 is they tend to have a relief rally when the FED stops tightening. But 67 00:05:17,639 --> 00:05:23,399 then we see why the Fed stop tightening, Corporate profits plunged, stocks plunge, 68 00:05:23,399 --> 00:05:28,680 and then the FED starts easing and stocks really drop during the first the 69 00:05:28,720 --> 00:05:31,600 time of the first couple of easons. So you know, if that's the 70 00:05:31,639 --> 00:05:35,160 first half of the next year that we're looking at, then that's probably bad 71 00:05:35,199 --> 00:05:39,279 for precious metals. They don't get sucked down with everything else. So we 72 00:05:39,360 --> 00:05:45,720 could indeed see eighteen hundred dollars again, but that would be a prelude to 73 00:05:45,839 --> 00:05:50,399 the FED having to panic cut and the like you said, it's twenty eleven 74 00:05:50,439 --> 00:05:58,240 on steroids, because same basic macro set up, but the numbers are all 75 00:05:58,439 --> 00:06:03,399 exponentially worse. So everything that hit in two thousand and eight, two thousand 76 00:06:03,399 --> 00:06:10,199 and nine ten to panic the FED into using will be much much worse this 77 00:06:10,279 --> 00:06:14,959 time around. The banks will get hit harder, real estate will will just 78 00:06:15,079 --> 00:06:18,839 collapse, and that's what looks like is happening now. Junk bonds forget it, 79 00:06:19,920 --> 00:06:23,600 you know, anything else you could think of will be heading south in 80 00:06:23,639 --> 00:06:29,839 a hurry. So that's that's very possible. And if it happens, you 81 00:06:29,879 --> 00:06:31,480 want to be short the stock market, and then you want to be buying 82 00:06:31,480 --> 00:06:35,160 precious metals when it gets down into like you said, eighteen or change something 83 00:06:35,199 --> 00:06:41,160 like that. And so one theory, and I don't remember if you and 84 00:06:41,199 --> 00:06:45,480 I explored it or not, is that gold. Actually the price goes up 85 00:06:45,560 --> 00:06:53,879 when interest rates go up interestingly enough, because banks make loans generally when they 86 00:06:53,920 --> 00:06:57,000 get more money, and when the interest rates were low and they got there 87 00:06:57,079 --> 00:07:02,439 guaranteed one percent from the Fed parking their excess reserves, there no incentive to 88 00:07:02,439 --> 00:07:08,560 make loans, no growth of the monetary supply. Now, on the other 89 00:07:08,600 --> 00:07:12,360 hand, we know that the velocity of money has been in the pits, 90 00:07:12,800 --> 00:07:20,680 but the base m zero skyrocketed from the pandemic, and the banks are like, 91 00:07:21,000 --> 00:07:24,959 you know, besides the banks that are going out of business, the 92 00:07:25,000 --> 00:07:31,360 other banks, the majors are sitting on tons and tons of cash and they're 93 00:07:31,439 --> 00:07:36,199 still I don't know about you, I'm still getting credit card offers and they're 94 00:07:36,240 --> 00:07:42,720 still making car loans less mortgage is evidently, but that's a function of demand, 95 00:07:43,319 --> 00:07:48,079 not a function of supply. So will higher rates lead to higher gold 96 00:07:48,160 --> 00:07:55,399 prices? So far the answer is yes. Well, the relationship between goal 97 00:07:55,759 --> 00:08:00,720 and the interest rates depends on why interest rates are moving. It can work 98 00:08:00,759 --> 00:08:05,040 either way. Actually, because in nineteen seventies interest rates went up and gold 99 00:08:05,120 --> 00:08:07,439 went up, but interst rates were going up. They were actually both going 100 00:08:07,519 --> 00:08:13,839 up because inflation was running out of control, and so that was gold moving 101 00:08:15,000 --> 00:08:20,199 in response to inflation, not interest rates. And then post Great Recession, 102 00:08:20,639 --> 00:08:24,959 interest rates went down and continued to go down for a really long time, 103 00:08:26,399 --> 00:08:30,199 but gold went up for a while, went up into you know, it 104 00:08:30,240 --> 00:08:33,960 peaked and I think twenty eleven, and it could be twenty twelve, right, 105 00:08:35,039 --> 00:08:39,200 it was nineteen hundred and change right around there, but interest rates had 106 00:08:39,200 --> 00:08:41,360 been falling for quite a while. Oh, June of twenty eleven, I 107 00:08:41,440 --> 00:08:46,519 think, yeah, Okay, in September as I literally started doing this full 108 00:08:46,559 --> 00:08:50,399 time, expecting gold to take off to the moon, and three months later 109 00:08:50,440 --> 00:08:56,159 it had peaked. So I remember that those lessons only too well. So 110 00:08:56,559 --> 00:09:00,799 yeah, and then so after twenty eleven, interest rates can continued to fall, 111 00:09:00,919 --> 00:09:05,159 but gold fell too because everybody perceived that we might be in a depression, 112 00:09:05,240 --> 00:09:07,240 and you know, the FED was going to have no choice but to 113 00:09:07,279 --> 00:09:13,080 ease like crazy, and so falling interest rates were good for gold in that 114 00:09:13,120 --> 00:09:16,840 case. So I don't think it's a hard and fast rule, but I 115 00:09:18,039 --> 00:09:22,360 think that in the coming few years, the FED might have to ease really 116 00:09:22,440 --> 00:09:28,360 aggressively and they might have to go back to chewe want steroids and push interest 117 00:09:28,440 --> 00:09:31,320 rates down because the economy is imploding, and that would probably be really good 118 00:09:31,360 --> 00:09:37,799 for gold and silver. So they would benefit from falling interest rates and from 119 00:09:37,919 --> 00:09:41,919 the perception that eventually that's going to cause inflation, and from the perception that 120 00:09:43,000 --> 00:09:46,039 were bankrupt financially and there's no choice but to devalue the dollar on a massive 121 00:09:46,080 --> 00:09:48,600 scale. You know, it could be a perfect storm for gold at some 122 00:09:48,679 --> 00:09:52,919 point in the not too distant future. And that's that's what we want to 123 00:09:52,919 --> 00:09:56,240 be in this market for you know this, Oh it's going to go to 124 00:09:56,279 --> 00:10:00,240 twenty five hundred dollars an ounce, that's fine, that's okay, But it's 125 00:10:00,320 --> 00:10:07,240 the the discontinuity with gold and silver and the dollar that I think is going 126 00:10:07,279 --> 00:10:11,039 to be really interesting when when you know we have the monetary reset and all 127 00:10:11,039 --> 00:10:15,080 of a sudden, goald is ten thousand dollars an ounce. That's that's what 128 00:10:15,120 --> 00:10:18,919 we're holding on for, and I think we're closer to that than we've ever 129 00:10:18,960 --> 00:10:22,840 been reached. More agreed, agreed, definitely, Hey not to mention Bitcoin's 130 00:10:22,919 --> 00:10:28,559 back over forty thousand, that's a surprise to me. But is it purely 131 00:10:28,600 --> 00:10:35,799 a result of the ETFs or is this flight to perceived safety? Is bitcoin 132 00:10:35,919 --> 00:10:39,720 really a safe even asset now? Well, we might already be having the 133 00:10:39,720 --> 00:10:43,159 perfect store for bitcoin because we've got the okay, the FED is going to 134 00:10:43,200 --> 00:10:46,639 have to use pretty soon, which normally would be good for bitcoin, and 135 00:10:46,720 --> 00:10:50,840 we've got the you know that's going to cause inflation, which also would be 136 00:10:50,840 --> 00:10:54,759 good for bitcoins. And we've got the ETFs coming online. And you know, 137 00:10:54,799 --> 00:10:58,519 we have to remember cryptos, Bitcoin and the Faerium, at least together, 138 00:10:58,759 --> 00:11:01,120 are not that big of a market. If you take the whole crypto 139 00:11:01,320 --> 00:11:05,039 universe, it's pretty good size, but for the two main coins, it's 140 00:11:05,080 --> 00:11:11,000 not that big. So if a lot of generalist money flows into these ETFs, 141 00:11:11,080 --> 00:11:15,600 and they have to buy I don't want to say physical bitcoin and physical 142 00:11:15,639 --> 00:11:18,600 ethereum because that's not how that works, but they have to load up on 143 00:11:18,720 --> 00:11:24,120 bitcoin and ethereum. It could be that that is a significant new source of 144 00:11:24,159 --> 00:11:28,919 the demand that sends these guys up dramatically, and maybe they're anticipating that this 145 00:11:28,039 --> 00:11:33,720 might be the crypto market program humming the generalist cash that comes in, so, 146 00:11:35,360 --> 00:11:37,320 you know, so we don't know where it tops out, but right 147 00:11:37,360 --> 00:11:41,919 now it looks very positive for cryptos because of these because you know the immediacy 148 00:11:43,120 --> 00:11:46,720 of these of the ETFs that are coming along. Yeah, it could make 149 00:11:46,799 --> 00:11:52,799 all the difference and probably makes it very easy to manipulate because there has to 150 00:11:52,840 --> 00:11:58,080 be a lag time before tw between when you buy the crypto and when the 151 00:11:58,320 --> 00:12:03,039 trade actually goes through with a crypto, your dollars get converted to crypto right 152 00:12:03,240 --> 00:12:07,600 in the ETF. I don't know how that's going to play out. They're 153 00:12:07,639 --> 00:12:13,080 sort of an end so theoretically they keep buying more and more crypto as more 154 00:12:13,159 --> 00:12:18,720 funds flow into the fund. Right, how some atfs work is that they 155 00:12:18,720 --> 00:12:22,039 have a net asset value and when demand goes up and that pushes the price 156 00:12:22,240 --> 00:12:26,960 of the ETF's stock up above the net asset value. They sell more shares 157 00:12:28,159 --> 00:12:35,559 and then go out and buy at basically net asset value, and that increases, 158 00:12:35,639 --> 00:12:39,200 you know, marginally persistent net asset value. So when when the underlying 159 00:12:39,200 --> 00:12:43,559 asset is very popular, that's when these ETFs grow, and that's when they 160 00:12:43,600 --> 00:12:48,080 take more of the underlying asset off the market. So what there's a good 161 00:12:48,159 --> 00:12:54,000 chance of happening is that people will buy these ETFs without looking at the net 162 00:12:54,000 --> 00:12:56,440 asset value. They'll be like, okay, here's an ETF where I can 163 00:12:56,480 --> 00:13:00,120 buy cryptos with a mouse click. Let me buy some. Yeah, And 164 00:13:00,159 --> 00:13:03,679 then the ETF goes to a twenty percent premium over net asset value, and 165 00:13:03,720 --> 00:13:07,879 then they issue a bunch of new shares, use the proceeds to buy a 166 00:13:07,919 --> 00:13:13,600 bunch more ethereum and bitcoin, and that pushes the price up even further. 167 00:13:13,720 --> 00:13:18,399 So you get kind of a pertetual motion machine until people figure out that hey, 168 00:13:18,399 --> 00:13:22,360 this thing is thirty percent over net acid value. That's not a good 169 00:13:22,360 --> 00:13:24,799 deal, you know, and they's out about it. Yeah, it's it's 170 00:13:24,840 --> 00:13:30,360 going to be interesting to see how these things function and what effect they have 171 00:13:31,720 --> 00:13:35,960 and you know, there's just so many other things going on that affect crypto 172 00:13:37,200 --> 00:13:41,039 and perceptions larger markets for it. So we're going to have to see, 173 00:13:41,320 --> 00:13:46,200 what about what's going on in the Middle East. They're like shooting missiles that 174 00:13:46,279 --> 00:13:50,399 are ships, not hitting them, but they're hitting commercial ships. Yeah, 175 00:13:50,519 --> 00:13:54,720 now we have to see just how evil the people running the US are. 176 00:13:54,840 --> 00:14:00,080 And you know, we know they're they're somewhere on the evil scale, but 177 00:14:00,159 --> 00:14:05,360 if they are way out there on the blood thirsty psychopath side, then basically 178 00:14:05,399 --> 00:14:09,879 they're going to stage a false flag attack like I did for Korea and like 179 00:14:09,919 --> 00:14:15,159 it is for Vietnam. Well, they blow up one of their ships and 180 00:14:15,159 --> 00:14:16,720 say, oh my god, Iran just new jar ship, you know, 181 00:14:16,759 --> 00:14:22,039 something like that, and they're going to use that. Yes, they're going 182 00:14:22,120 --> 00:14:26,279 to use that to get into this war that they really want, because I 183 00:14:26,320 --> 00:14:30,519 think there are you know, more than a few people in the US government 184 00:14:30,519 --> 00:14:39,240 who would love a US, a US Israeli alliance that goes out there and 185 00:14:39,360 --> 00:14:43,519 destroys all our perceived enemies in the Middle East, just you know, one 186 00:14:43,159 --> 00:14:48,879 one big year of knockdown, drag out technological warfare, and we are in 187 00:14:50,440 --> 00:14:54,399 Tehran, you know, we take it over. Iran got all their oil, 188 00:14:54,720 --> 00:14:58,799 and we've wiped out everybody else who looks like they're in our way Exteria, 189 00:14:58,279 --> 00:15:01,159 And you know, wouldn't be a surprised if that's something that they're planning. 190 00:15:01,600 --> 00:15:07,879 So ray that there's somebody who's saying in the room with these guys and 191 00:15:07,919 --> 00:15:11,879 says, no, you can't do that. There's no sane people left in 192 00:15:11,000 --> 00:15:18,679 DC. They've all been deported in other parts. Yeah, but but anyhow 193 00:15:18,720 --> 00:15:20,480 so so we you know, we don't know at this point. When the 194 00:15:20,519 --> 00:15:24,600 government says our ships are being fired on, we honestly don't know what's happening 195 00:15:24,720 --> 00:15:28,879 because it might be real, or it might be made up, or it 196 00:15:28,960 --> 00:15:33,320 might be you know, they shot one little homemade missile and we're going to 197 00:15:33,360 --> 00:15:37,519 blow up a battleship of ours to attend there was a major league Iran and 198 00:15:37,600 --> 00:15:41,639 high tech missile STYMP. We'll see, you know. We we can't trust 199 00:15:41,639 --> 00:15:46,399 the people in charge, so we should not. So really what they say, 200 00:15:46,600 --> 00:15:52,799 So whatever happens out there, verify, find out if there's anybody out 201 00:15:52,840 --> 00:15:56,200 there who's a whistleblower who's willing to come forward and talk about this. Yeah, 202 00:15:56,600 --> 00:16:00,519 well, I guess we're going to find out to fairly soon what the 203 00:16:00,600 --> 00:16:04,279 deal is here, because it looks like it's heating up for sure, and 204 00:16:04,320 --> 00:16:11,080 that combined with next year being a recession year, they need to do something. 205 00:16:11,159 --> 00:16:14,960 Huh, Well, it's not just a recession year, it's an election 206 00:16:15,159 --> 00:16:18,440 year. Yeah, So if you can't run on the economy, you start 207 00:16:18,480 --> 00:16:23,000 a war and or or have some other kind of big scandal. You know, 208 00:16:23,200 --> 00:16:26,240 it could be that they like the old saying goes I think it was 209 00:16:26,279 --> 00:16:30,519 Hughey Huey Long in Louisiana. He used to say, yeah, you know, 210 00:16:30,519 --> 00:16:33,000 if you want to get me, you have to catch me with a 211 00:16:33,039 --> 00:16:36,519 dead girl or a live boy or something like that. So maybe a scandal 212 00:16:37,159 --> 00:16:42,600 at that level that they use against the Republican nominee a week before the election, 213 00:16:42,919 --> 00:16:47,679 and that that satisfies them. They don't feel like they need a war 214 00:16:47,799 --> 00:16:52,120 after all. So we'll see. But you know, you combine a big 215 00:16:52,159 --> 00:16:56,799 recession with a presidential election with a bunch of psychos run away show, and 216 00:16:56,879 --> 00:17:03,559 basically anything could happen. So oh my god, Okay, so what about 217 00:17:03,559 --> 00:17:07,440 this election we got. You think RFK is going to be in it to 218 00:17:07,519 --> 00:17:11,920 the end. You know what RFK is has made it a three million raise, 219 00:17:14,240 --> 00:17:18,400 and which adds a really interesting flavor to this because this is you know, 220 00:17:18,920 --> 00:17:22,640 RFK is in the high teens, low twenties right now in polling, 221 00:17:23,680 --> 00:17:30,640 and this is before debates. But if you know, you've heard RFK speak, 222 00:17:30,759 --> 00:17:33,640 right, So what happens when he's standing next to Biden on a stage 223 00:17:33,720 --> 00:17:40,640 and they're discussing world affairs and public policy? I mean, you know he 224 00:17:40,880 --> 00:17:44,680 might you never know which debates how they're going to go, but it's completely 225 00:17:44,720 --> 00:17:48,039 possible that RFK holds his own with Trump because they were talking about different things 226 00:17:48,480 --> 00:17:53,839 and obliterates Biden. So they come out of it, you know, with 227 00:17:53,880 --> 00:17:57,240 a two man race, let's say. And at that at that point, 228 00:17:57,440 --> 00:18:06,440 Biden has to quote unquote have a health emergency and then then then Gavin Newsom 229 00:18:06,519 --> 00:18:10,720 has to step up. And you know, if that happens with a couple 230 00:18:10,759 --> 00:18:12,240 of months before the election, and boy, that's going to be a unique 231 00:18:12,240 --> 00:18:17,480 thing. We've never had that happen before. That's like what happened in New 232 00:18:17,559 --> 00:18:22,000 Jersey. I remember what was his name. They began with a t an 233 00:18:22,000 --> 00:18:26,960 Italian guy, the senator. He got indicted and then Frank Lautenberg just jumped 234 00:18:27,000 --> 00:18:32,960 into his position and won, So there's precedent for it, but not at 235 00:18:33,000 --> 00:18:38,359 a national level. But hey, what about peer? Let me interrupt, 236 00:18:38,359 --> 00:18:42,319 because the one more thing about this election thing is, you know, it's 237 00:18:42,359 --> 00:18:48,400 possible that Trump gets convicted of something while all of this is going on. 238 00:18:48,440 --> 00:18:53,559 So you got a convicted felon somebody who is, you know, one one 239 00:18:55,160 --> 00:19:00,319 exciting moment away from a stroke, and RFK, who doesn't need an have 240 00:19:00,960 --> 00:19:07,240 Secret Service protection, very candidated it to attempts. I mean, they won't 241 00:19:07,319 --> 00:19:11,480 do it. Yeah, So this this could be, you know, an 242 00:19:11,559 --> 00:19:15,960 absolutely unique election with stuff going on that has never happened before and hopefully it 243 00:19:17,000 --> 00:19:22,160 will never happen again. Okay, so what about the debate with Gavin Newsom 244 00:19:22,480 --> 00:19:27,119 and DeSantis. It looked like I didn't watch the debate. I don't watch 245 00:19:27,160 --> 00:19:32,039 them because but this one actually looked like a real debate, didn't it. 246 00:19:32,119 --> 00:19:37,119 Well, I mean, this has two sitting governors of major states are arguing 247 00:19:37,119 --> 00:19:40,880 about stuff, which I think is just inherently interesting because they have two different 248 00:19:41,000 --> 00:19:45,839 philosophies of governance, two sets of policies and everything. So I didn't watch 249 00:19:45,880 --> 00:19:49,720 the debate either, but I think because of the nature of the policies that 250 00:19:49,759 --> 00:19:53,799 are being debated that could possibly have been interesting. I don't know, you 251 00:19:53,799 --> 00:19:59,400 know, they didn't get very good reviews, and there was you know, 252 00:19:59,400 --> 00:20:03,680 there was sort of consensus on the news sites that I was looking at, 253 00:20:03,279 --> 00:20:08,119 in other words, the legit news sites, not the cable news guys that 254 00:20:08,400 --> 00:20:12,759 neither either governor won. You know, they both scored some points, neither 255 00:20:12,799 --> 00:20:18,000 one of them. It looked exactly presidential, but it would. You know, 256 00:20:18,759 --> 00:20:23,359 it was a non event from a presidential campaign standpoint, but it was 257 00:20:23,400 --> 00:20:29,000 probably better than the Republican debates that they've had so far. Yeah, definitely. 258 00:20:29,559 --> 00:20:33,440 You know, still my favorite guy is still the Baker Ramaswami as far 259 00:20:33,480 --> 00:20:37,400 as political mediator goes. He's like the most fun guy to watch. And 260 00:20:38,200 --> 00:20:41,640 who knows, he's so young now that he could easily be like chief of 261 00:20:41,720 --> 00:20:45,440 staff or a president or something like that and then come back and run with 262 00:20:45,480 --> 00:20:48,640 a little bit of government experience. And actually he might he might actually be 263 00:20:48,720 --> 00:20:52,680 a president at some point, which at this point I think would be cool. 264 00:20:52,799 --> 00:20:56,200 You know, it won't happen this time around, but sometime while you 265 00:20:56,279 --> 00:21:00,799 and I are still doing interviews, carry. I think it's complete possible that 266 00:21:00,839 --> 00:21:07,160 we have a president around the slummage. Yeah, well, they're all actors, 267 00:21:07,240 --> 00:21:11,799 you know. So Trump was the only real candidate because there was no 268 00:21:11,759 --> 00:21:17,920 grooming, There was no you know, positioning, marketing. Like remember that 269 00:21:18,200 --> 00:21:22,400 movie The Selling of the President I think it was. It was a book 270 00:21:22,480 --> 00:21:26,319 about forty fifty years ago, and basically they sell the president like they sell 271 00:21:26,400 --> 00:21:32,200 dog food, you know, only absolutely the dog food is probably more beneficial. 272 00:21:33,039 --> 00:21:34,680 Well, you know, you could make the case that Trump is just 273 00:21:34,720 --> 00:21:40,359 a higher level marketer so that it doesn't look like there's marketing going on. 274 00:21:40,559 --> 00:21:45,640 You know, he's he's the guy with no filder who says what he thinks 275 00:21:45,319 --> 00:21:49,799 he's gonna you know, he makes all these really grandiose promises. That could 276 00:21:49,839 --> 00:21:53,079 be a brand, you know, it could be a bought out brand, 277 00:21:53,319 --> 00:21:56,960 although I actually don't think so. I think Trump literally doesn't have a filter, 278 00:21:57,720 --> 00:22:03,079 yeah, and actually is saying what he thinks and in any given moment, 279 00:22:03,160 --> 00:22:06,400 you know. So, but yeah, you know, it could be 280 00:22:06,480 --> 00:22:11,720 that he's a convicted fellon who gets elected presidently, which that alone, you 281 00:22:11,720 --> 00:22:17,720 know, leave all the other stuff aside. That right there is pretty unique. 282 00:22:17,720 --> 00:22:25,240 Can you know, so twenty twenty four shaping up as a existentially threatening 283 00:22:25,319 --> 00:22:30,359 year that if it doesn't involve the nuclear war, might be just hilarious. 284 00:22:30,400 --> 00:22:32,359 You know, these just might be a lot of fun to watch. So 285 00:22:32,480 --> 00:22:36,400 we'll say, oh, remember Doctor strange Love was funny too, you know. 286 00:22:37,200 --> 00:22:44,119 Well, hen Henry just injuryus died. So that's that's another eerie kind 287 00:22:44,160 --> 00:22:49,480 of coincidence there, that the guy who Doctor Strangelove was a mobled after just 288 00:22:49,480 --> 00:22:53,000 just kicked. Yeah, that's right. I forgot how he would say after 289 00:22:53,079 --> 00:22:59,079 that. So hey, yeah, well we won't have any more entertaining movies 290 00:22:59,119 --> 00:23:03,359 like that again. We just can't laugh about the bomb anymore. It's just 291 00:23:03,440 --> 00:23:07,640 not funny anymore now that so many countries have it. Well, I think 292 00:23:07,680 --> 00:23:11,000 we'll leave it at that. Make sure you go over to John's work at 293 00:23:11,359 --> 00:23:18,480 Robino dot substack dot com link in the show notes below and the sign up 294 00:23:18,480 --> 00:23:22,480 for every newsletter Financial Survival Network dot com. I'm sure we'll have lots more 295 00:23:22,480 --> 00:23:26,079 to talk about in two weeks. John, you be well and we will 296 00:23:26,079 --> 00:23:30,960 talk soon. Thanks carriy see yah, thanks for listening to Carrie Letz's Financial 297 00:23:32,079 --> 00:23:37,440 Survival Network. Your solution to today's trying times For the latest, go to 298 00:23:37,640 --> 00:23:44,039 Financial Survivalnetwork dot com. Financial Survival Network now more than ever