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Everybody is going to vote no matter
what your body temperature is, exactly like

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the room temperature you're voting. When
I first moved to Florida and I forget

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like I passed by a nursing home, okay, a nursing home and there

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was a polling station in the nursing
home and I'm like, you know,

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wait, like so it's like they
just set the Alzheimer's patience up and they

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say like, I'm here to vote. Oh but you voted already. Nah,

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I don't remember it. I'll vote
again. You know, you get

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them. You just keep them voting
and voting early and often. Right,

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you were listening to Carrie Let's his
Financial Survival Network, where you get valuable

10
00:00:38,560 --> 00:00:44,119
information you just can't find anywhere else
to thrive in today's trying times. You

11
00:00:44,200 --> 00:00:50,000
need the Financial Survival Network now more
than ever. Go to Financial Survival and

12
00:00:50,079 --> 00:00:56,479
Network dot com and get your free
newsletter and gift. Financial Survival Network now

13
00:00:56,960 --> 00:01:06,040
more than ever. And welcome you
are watching listening to the Financial Survival Network.

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00:01:06,079 --> 00:01:08,480
I'm your host, Carry Lutts.
Well, we got lots to talk

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00:01:08,519 --> 00:01:12,959
about this week with our good friend
John Robino has always got a question comment

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email is kl at carry Lutz dot
com. Make sure you leave your comments

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00:01:19,079 --> 00:01:25,319
down below on the YouTube channel like
share, subscribe, and proselytize. That's

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our slogan. And well, John, everything is about the FED, right,

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So they're not They didn't raise rates. They did a little pause,

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but they're not cutting rates. And
now the ten years going up, it

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looks like they have some wiggle room
in the two year, right the FED

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funds rate is still above the two
year. They can't let the two year

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go above the Fed's fund rate where
the money gets trained from the system.

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Right, Hey, Carrie, Well
yeah, La, last week Fed did

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all hawkish pause. They didn't raise
rates, but they threatened again at least

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once more this year and then to
keep rates higher for longer, you know,

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at more or less this level or
just a little bit below, all

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for all of twenty twenty four,
which is a pretty big deal because these

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are debilitating rates right now, and
I think that the FED doesn't yet get

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that because wages are going up and
energy is up, So these two things

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are up, and the FED is
terrified of both of them. They don't

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want to oil to go up above
one hundred dollars of barrel. They don't

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want, for instance, the UAW
strike to be settled on terms that are

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similar to the airline pilots or the
UPS drivers, because that means several hundred

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thousand people are suddenly making way more
money than they were, which is inflation,

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as the FED defines it. So
they're worried and they're willing to be

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tighter for longer in order to choke
wage inflation out of the system, which

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is, you know, despicable on
the one hand, but par for the

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course on the other. It's just
how the monetary authorities operate, and that

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means they're going to keep things high
enough to break something next year. That's

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basically what they got to do,
because you know, wages are not going

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to start gently following after all these
successful strikes. So the only way to

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get wages back down to two percent
a year or zero, as the FED

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would rather have it, is you've
got to break big sections of the economy,

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lay everybody off, and then have
the wages of the people that are

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laid off drop dramatically because they have
to go work at McDonald's, teach some

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slace like that. So that's what
the Fed's trying for and they will get.

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You know, there's the interest rate
that gives you that kind of crisis,

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and it's conceivable that we're there already. So you know, right right

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now, the ten year treasure is
at four and a half percent, which

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is the highest since two thousand and
seven, which was right before the last

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gignotic financial crisis. So you know, we could easily see easily see something

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like two thousand and two thousand nine. Yeah, these interest rates stay as

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high as they are right now,
and it could be a lot worse because

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we're much more indebted now than we
were then. So I think they're playing

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with fire. Yeah, there's no
chance of fixing things in any of that,

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but what they're doing right now is
risking a big crisis. Hey,

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you know what the thirty year fixed
is at today? According to wait,

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let me guess, seven point four
No, no, According to this as

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of September twenty second, twenty twenty
three, the thirty year fixed is well,

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well, it's average rates. You
know, that's that's not giving me

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what I want. But it's at
eight percent. But that covers every bike

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goes score and everything else. But
we can go to scene it and we

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can come up with that rate right
now. And you know they just it's

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like bank rate. They just give
these rates, but it's it's well into

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the seven we can safely say that. Let's see what Investipedius says seven point

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nine two percent as of September twenty
one, So okay, rates went up

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on the twenty second, so it's
over eight percent, so that actually is

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correct. So so two years ago
we were talking and we said, okay,

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what mortgage rate destroys the housing market? I think you and I would

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have both come in below the current
rate, right, I would have said

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like six and a half per sound
for surely. And so you know the

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housing market is artist frozen and well
Florida, there's no inventory, that's the

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aerodox, right, and you've got
cash buyers coming in because people are fleeing

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their horrendous dictatorships like California and Illinois
and Venezuela Brazil. Well, okay,

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brazila dictatorship put there. You know, they've got issues, and so keeople

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are coming into South Florida with catch
but that's a rare thing right now.

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You know the rest of the country
is not in that kind of a situation.

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And what's coming in normal real estate
markets in the US. It's first

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of all Airbnb. There's going to
be a deluge of Airbnb inventory from people

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who can't manage their rentals anymore and
are going to have to sell them.

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And private equity is now net sellers. You know, the the investor demand

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for houses in most parts of the
country as has dried up, and that's

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well, and it's the private equity
guys coming in buying up whole neighborhoods have

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sight on seeing institutional investor right.
Yeah, but they're they're realizing that they

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did most of their buying at the
very peak of the biggest real estate bubble

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in American history. Yeah, and
it's you know, maybe they can raise

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rents and generate a cash flow this
year, but they're going to be looking

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at massive capital loss going forward.
So they're going to start selling to get

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out from under. And so they're
you know, where there's a shortage,

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now there's going to be a glutch
because of these mortgage rates. So that's

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that's what I'm talking about when I'm
when I said if it's gonna break something,

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well, they're going to break the
housing market. And that's how right

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you can do it. Yeah,
the only reason. Well, sales actually

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year to year, year on year
in Florida are down, but there's no

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inventory because, like you were talking
about the people with the three percent mortgage

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who'd like to downsize, you can't
because if you're gonna, if you're not

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paying cash, then your mortgage,
your costs for half the house will be

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the same as what you're paying now
for your big house. Nobody's nobody's downsizing

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for that for sure, But but
you know, there's definitely a lot of

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the downward pressure. Look, oil
is at ninety bucks a barrel. When

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oil hits a hundred, in my
opinion from my experience what we've seen over

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the past couple of decades, when
it hits close to one hundred, it's

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a guaranteed recession. You know.
Well see that that's another thing of two

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years ago, you and I were
talking about which oil price blows up the

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market. I wouldn't have said a
hundred. I would have said in the

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eighties probably, And then now,
yeah, we're we're poking. We poked

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through ninety, right, and it
held that handle. I think it might

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be down today. I haven't checked
and change seventy something, so it's not

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meaningful Okay, but you've still got
kind of tight supply reasonable demand at the

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moment because you know a lot of
people are driving to work and back and

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that's that's supporting oil prices. So
let's say they get one more impulse like

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we had in the last couple of
months and it breaks one hundred and yeah,

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that's psychologically important and mathematically important.
You know, it makes everything way

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more expensive. So that that presents
the FAT with another dilemma because hundred dollar

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oil percolates through the economy. You
know, everything that has to be delivered

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suddenly gets way more expensive because yeah, and so all of a sudden,

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the FAT is looking at you know, headline inflation, not core inflation,

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but headline inflation back in the six
percent range or something like that. Can

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they ease monetary policy with headline inflation
at six percent? No, they can't.

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They got it. They tie.
And so you know, all of

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these things are pointing towards something breaking
because of excessively high interest rates given our

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amount of financial leverage that we have. Right So ye, and let's not

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forget while the West is raising interest
rates, China is cutting interest rates.

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I don't think any any discussion of
the global economy and the economy at home

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is complete without a discussion of China's
continuing economic implosion, which it gets worse

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by the day. You know,
really bad there, unemployment rate, youth

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unemployment rate heading to fifty percent.
People. Well, they have a foreclosure

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crisis that you know, we don't
know from even from eight o nine.

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They and their foreclosure crisis is way
way more. They have sixty four million

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vacant units and millions and millions of
units that are under construction that aren't being

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built, but that the purchaser still
is responsible for the mortgage. So they

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got a strategic me mortgage default taking
place on mass So all of that adds

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to cutting imports from the US and
from other countries, and their exports are

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in the toilet. So, you
know, for a lot of years,

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I think the Chinese illusion kept the
whole global economy alive. But now that

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illusion's gone, how's that going to
affect the United States in the West.

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Yeah, it's important to understand that
we had no way out of the Great

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Recession until China quinn tuppled. It's
total societal debt to buy all the raw

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materials that everybody else in the world
had to sell and that pulled the world

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out of that very deep recession,
but it came at a cost. You

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know, China blew up the biggest
real estate bubble in human history, and

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now they've they've got insane amounts of
debt and a bunch of really shoddy construction

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that's never really going to you know, generate cash blow of any kind.

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You probably watched those Peter Zion videos, right, but I watched a few

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00:11:41,720 --> 00:11:46,480
of them. Yeah, yeah.
His latest one on China is absolutely apoccalyptic.

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00:11:46,720 --> 00:11:52,039
You know, he says that the
demographics are terminal for China. You

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00:11:52,039 --> 00:11:58,080
know, they've they've flipped their you
know, they're they're demographic pyramid upside down,

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so they have no more new young
workers in the pipeline are virtually done,

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and huge numbers of old people that
have to be supported, and Chinese

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civilization is basically over. I mean, that suggist of what he's saying.

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He's saying, it's it's so bad
that there won't even be a China as

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00:12:16,679 --> 00:12:22,279
we think of it by twenty thirty
five or twenty forty. And you know

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that's a demographic description of society and
collapse. So we've got a you know,

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00:12:28,399 --> 00:12:31,679
a short term debt bubble blowing up
on them right now. So it

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could be that the debt bubble blows
up and they fight that for a couple

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00:12:35,440 --> 00:12:39,799
of years and then they tip over
into this demographic abyss that they never recover

158
00:12:39,879 --> 00:12:46,080
from something. Yeah, it's it's
potentially a bigger story than just Oh,

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00:12:46,120 --> 00:12:48,279
they borrowed too much for money for
real on their real estate, and now

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they're going to have a bigger recession. Could be much worse than that for

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China. And it's not clear what
that does to the global economy because they,

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you know, they were the manufacturing
floor. Oh, the globalized system.

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00:13:01,840 --> 00:13:05,639
And what are we going to do
without all that cheat Chinese crap at

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00:13:05,639 --> 00:13:09,320
Walmart? You know, I don't
know how we'll get by. I don't

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00:13:09,360 --> 00:13:13,639
know. This could be hey,
retail apocalypse for the US. Although they're

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shifting all the production to Vietnam.
You go into clothing stores now, I

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00:13:18,720 --> 00:13:22,720
guess clothing is the easiest thing to
switch over there. It's all from Vietnam,

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00:13:22,840 --> 00:13:26,279
Malaysia, India. You don't see
a lot of Chinese clothing anymore.

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00:13:26,799 --> 00:13:31,519
I think that's where the electronics.
We know that Apple is trying to switch

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00:13:31,000 --> 00:13:37,279
their supply chain over to India.
That's a little easier set than done because

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00:13:37,320 --> 00:13:45,679
their infrastructure is so lacking there.
No, I think it's indicative of Russia's

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00:13:45,759 --> 00:13:48,399
collapsing. All right, they are
collapsing. I mean, look, this

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00:13:48,559 --> 00:13:54,960
war is bleak. You know,
these wars that total wars that go on

174
00:13:54,039 --> 00:14:01,320
and on for month after month are
inflationary, and they are you know,

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00:14:01,600 --> 00:14:09,000
they're injurious to the social societal cohesion. And Russia's in like big trouble now,

176
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Like I don't know if you can
believe half the YouTube's saying that Ukraine

177
00:14:13,039 --> 00:14:16,960
is winning, but you know,
it's been almost two years. So the

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fact that they didn't knock off a
second rate army within a month is indicative

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00:14:24,679 --> 00:14:28,159
of problems for Russia. And they
had hundreds of thousands of people kill,

180
00:14:28,720 --> 00:14:33,279
brain drain, societal flight. Ukraine
had it too. I mean, there's

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00:14:33,799 --> 00:14:37,639
in Florida, you know, the
second most popular language is not going to

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00:14:37,720 --> 00:14:41,279
be Spanish since it's going to be
Russian, and the third most popular will

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00:14:41,320 --> 00:14:46,120
be Ukrainian, you know, I
mean, that's how many people were getting

184
00:14:46,159 --> 00:14:52,200
in here. So all of this
portends for a major disaster for the West.

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And then energy man, we go
back to energy. It's like the

186
00:14:58,879 --> 00:15:03,360
ev revolution isn't going to save us
in time? Right, Well, it

187
00:15:03,399 --> 00:15:07,480
was never gonna save us. Save
us, I mean, electric cars are

188
00:15:07,559 --> 00:15:09,639
much more fun to drive, so
they were you know, we're going to

189
00:15:09,720 --> 00:15:13,399
have a more fun We're gonna have
more fun driving going forward. You don't.

190
00:15:13,440 --> 00:15:20,399
Actually electric cars are kind of like
fanol gasoline. Yeah, it doesn't

191
00:15:20,440 --> 00:15:26,840
actually use less energy to put fanol
in your gas tank because it takes a

192
00:15:26,840 --> 00:15:31,840
lot of energy to make ethanol.
You know, you don't actually save Anderson,

193
00:15:31,919 --> 00:15:35,720
Is there anything? Yeah? Yeah, and electric cars. To drive

194
00:15:35,759 --> 00:15:41,000
an electric car uses less energy except
that you're probably charging it from a coal

195
00:15:41,240 --> 00:15:48,960
coal fire power plant and the batteries
take immense amounts of energy to create.

196
00:15:50,720 --> 00:15:54,600
So you got to drive your electric
car for eight years before the Lions Cross

197
00:15:54,720 --> 00:15:58,639
and you're actually saving anything. So
you know, they were never going to

198
00:15:58,759 --> 00:16:02,200
save us. But they are much
cooler technology, So I you know,

199
00:16:02,240 --> 00:16:07,960
I see why they're they're spreading and
I totally want one. But you know,

200
00:16:07,039 --> 00:16:14,200
a lot of the green stuff that
we're doing now, it is either

201
00:16:14,759 --> 00:16:18,240
we're going to take a really long
time to pay off, or we'll never

202
00:16:18,279 --> 00:16:22,440
pay off at all like offictional winds. You know, that's that's an idea

203
00:16:22,440 --> 00:16:25,120
of the whales. Yeah, let's
just let's and you know, we'll kill

204
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the eagles if we put them in
the playing stage, and then now out

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west, and we'll kill the whales
if we put them off the Atlantic coast.

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So I think that it could easily
be that wind power just goes away.

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You're pretty soon. That's that's a
bold state, might I know,

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but I think that's likely. I
think that's likely. Hey, yeah,

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so we agree recessions on the way. Oh, by the way, you

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mentioned here credit card losses spiking,
and you know, savings rates now negative,

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even foreclosures or going up. There's
still at his story low rates,

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but foreclosures are going up, although
I don't think they're ever going to foreclose

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like they did in the good old
days during the GFC. But all these

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things kind of point to a recession
and in all likelihood of bear market in

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the stock market. Right. One
of the things that kept us out of

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recession so far was that thing called
excess savings, which is basically, you

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know, we didn't go anywhere for
two years, so our bank accounts grew

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because the government we just cash our
stimmy checks and stayed home and watch Netflix,

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and so we had a lot of
extra money in the bank. Well

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that's being spent. The bottom forty
percent of the economy blew through their excess

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savings six months ago, and they're
steeply in negative excess savings now. The

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middle forty went zero or went negative
just recently, and the top twenty percent

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of the economy in terms of wealth
is headed for zero fact by that measure,

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by the excess savings measures. So
that's all gone, you know,

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that money has disappeared. Meanwhile,
credit card debt is expanding like crazy,

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and student loan payments kick in shortly. Yeah, yeah, yeah, So

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you've got people who are already strapped, they already spent their savings trying to

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maintain their lifestyles, and now they've
got to start paying on their credit cards.

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So that's that's a recipe for plunging
consumer spending. So we'll see if

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that plays out that way in twenty
twenty four. But it doesn't seem like

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there's any more drivers for consumer spending
going forward because other than wages, which

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is not nothing. You know,
these these unionized workers who are suddenly making

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ten percent more a year. We'll
probably spend some of that, but they're

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not a very big part of the
economy yet, you know, privately laid

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off. Yeah, well, private
sector for this to pay for the wage

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increase. Yeah that too. Yeah, it's it's it's possible that we'll accelerate

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automation. These big companies are going
all right, you know, well,

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we'll give you that forty percent raise
of four years, but meanwhile, meat,

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your meats, your replacement, really
don't go you won't like what you

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see. Yeah, so it could
well be that that, you know,

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the trend that puts money more money
in people's pockets right now accelerates the trends

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of people being laid off going forward. You know, let's see it the

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touch. That's a excellent point too, John. Remember the fight for fifteen

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when all these states bumped up the
McDonald's fast food pay to fifteen an hour.

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Do you remember what happened right after? We saw the explosion of kiosks

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where people just ordered and because the
cost of capital was so low and the

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cost of labor differential was so high
that it made sense to invest in these

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kiosks and get rid of the cashiers, you know, just dumped them,

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right, well, that would happen. Yeah, the food service and like

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Uber, the sharing economy had become
the unofficial social safety net for the United

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States. Basically, you you got
fired and you immediately started driving for Uber,

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or you got a job at some
fast food place or a restaurant or

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whatever. And now those jobs are
being automated away. I mean, you

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know, self driving cars are still
a litle way, but they literally have

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some of them on the road,
right. Yeah, they're going too well,

256
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but this is reality. Yeah,
so so five years from now,

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most deliveries will probably be by self
driving cars or drones. Yeah. And

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in restaurants, a huge amount of
what happens it now by with people is

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going to be done by various kinds
of robots and yeah, things like that.

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Let be the burger. You can
flip like a thousand hamburgers an hour

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and and put bonds on him and
two two beef patties, old cheese special

262
00:21:11,079 --> 00:21:15,119
sauce on a sesame seed. But
he does all that. Flippy, you

263
00:21:15,160 --> 00:21:18,039
know, you don't need. All
we need is somebody who, like when

264
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Flippy drops something by accident, pick
it up off the floor and clean it

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00:21:22,680 --> 00:21:29,160
off and put it back in the
Flippy's hopper to use it for another sandwich,

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right yeah, yeah, So which
means there's a huge societal thing coming

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at some point where we got to
figure out why, Okay, if that's

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not the social safety net anymore,
and what is, you know, and

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then then we'll be discussing a UBI. I don't know what I think it

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00:21:44,000 --> 00:21:48,599
is in the social safety net.
I think it's like send them off to

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Crimea to fight for CRIMEA. That's
the safe social safety Yeah, it's another

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00:21:53,759 --> 00:21:59,079
war, right, that's I mean, that's the standard empire strategies. You

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create what they call a reserve army
of the unemployed. Yeah, and Bluke,

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00:22:02,920 --> 00:22:04,240
we're going to starve. And you
say, you know, three come

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on in the military. Three free
meals a day and lots of exercise and

276
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you get to wear a uniform.
Chicks love and in the uniform and uh.

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And that's where the army comes from. Because you're you're not going to

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get middle class kids to volunteer to
go to some shipthol like PRIMEA or someplace.

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No way, that is never going
to happen, which is that's in

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00:22:25,680 --> 00:22:30,359
part why the military is falling so
short of its recruitment targets right now.

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That the wolkeness is the other part. You know, you also aren't going

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to get many guys to join a
military where part of the job is to

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00:22:38,240 --> 00:22:44,319
march around with a pride flag,
you know, with you know, all

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00:22:44,599 --> 00:22:48,480
all due respect to wreck everybody on
every side of the social space of it

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00:22:48,799 --> 00:22:52,359
not what the army is about.
It's to break things and kill people,

286
00:22:52,720 --> 00:22:56,759
exactly, this is the army.
So it has to you know, outreach

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00:22:56,960 --> 00:23:03,880
to Disanfrance shows minorities here. Come
on, No, it really is not

288
00:23:03,200 --> 00:23:10,440
a social program and it's you know
it and this is very non PC.

289
00:23:10,680 --> 00:23:15,480
But the military has to have a
male culture because large scale violence is basically

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00:23:15,519 --> 00:23:18,400
a guy thing, you know,
it's just what we're programmed for that.

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00:23:18,839 --> 00:23:22,039
And if you're going to have a
good army, it's got to be of

292
00:23:22,240 --> 00:23:26,559
guys for guys. And that doesn't
mean there can't be lots of women in

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00:23:26,599 --> 00:23:30,400
the military. It's just means that
they have to, you know, be

294
00:23:30,799 --> 00:23:34,039
one of the boys. They've got
to be able to hang with with bros.

295
00:23:34,200 --> 00:23:37,680
You know, that's just how its
culture. It's a male culture of

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aggression, dominance and and you know, basically using violent means to achieve a

297
00:23:48,240 --> 00:23:52,200
common goal. Yeah, and that's
why, or may not be good for

298
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society as a whole, but that's
what keeps the army going. It's like,

299
00:23:56,880 --> 00:24:00,519
and then when they're in the thick
of battle, they don't are about

300
00:24:00,680 --> 00:24:02,880
like, oh, well, we
got to get the flag up on that

301
00:24:03,000 --> 00:24:06,960
hill. It's their brothers. They
got to save their brothers. That's why

302
00:24:06,960 --> 00:24:11,000
they're doing it, you know.
So man, it is so inculcated and

303
00:24:11,160 --> 00:24:15,960
so socially programmed into males when they
go to the army. Luckily we still

304
00:24:17,000 --> 00:24:21,920
have the South, so the South
will hopefully save us, where gun culture

305
00:24:21,960 --> 00:24:26,079
is alive and macho is good and
well, you know, it could be

306
00:24:26,160 --> 00:24:30,799
that that's part of the plan,
is to get as many guys from the

307
00:24:30,839 --> 00:24:36,880
South to join the army and then
go get killed and depopulate the most conservative

308
00:24:36,880 --> 00:24:40,119
part of the country. That that
could be the the less plan for the

309
00:24:40,119 --> 00:24:42,920
moment, We'll have to say,
you know, they've done worse than this.

310
00:24:44,160 --> 00:24:51,400
Hey, so so our favorite Democrat. I don't know if assassination attempt

311
00:24:51,519 --> 00:24:56,640
is too great, but it seems
like somebody with guns and a lot of

312
00:24:56,720 --> 00:25:03,839
AMMO tried to cross pa Ads with
RFK Jr. And but the good news

313
00:25:03,920 --> 00:25:07,640
is the Biden administration still won't give
him Secret Service protection, you know.

314
00:25:07,759 --> 00:25:11,039
And okay, two things. We
still haven't heard that guy's story, right

315
00:25:11,799 --> 00:25:15,519
do we know it? While you
know when he was there, we don't

316
00:25:15,519 --> 00:25:18,960
need to hear his story to know
his story. He's a lone gunman.

317
00:25:18,319 --> 00:25:26,279
He probably is an anarchist. He
probably hates the Kennedy family because of all

318
00:25:26,279 --> 00:25:32,319
the privilege, and and he probably
is a little insane as well. I

319
00:25:32,319 --> 00:25:37,200
mean, when you say we haven't
heard his interview yet or his statements a

320
00:25:37,359 --> 00:25:45,960
winder, I holtely not. You
think he's related to Ray Epps. You

321
00:25:45,960 --> 00:25:49,160
know, I think he's related to
the guy that shot James Garfield, right,

322
00:25:49,599 --> 00:25:56,119
that anarchist, nut job disgrunt.
Come to think of it, that

323
00:25:56,200 --> 00:26:00,160
kind of applies to Lee Harvey Oswald
too. He was you know, he

324
00:26:00,240 --> 00:26:03,640
was a misfit in the army.
He was no good. I mean,

325
00:26:03,720 --> 00:26:07,079
he might have had some intelligence connections, but don't hold that against him.

326
00:26:08,039 --> 00:26:12,119
And by the way, did you
hear that theory? Well, the magic

327
00:26:12,200 --> 00:26:18,480
bullet theory was that the bullet hit
Kennedy went all these different directions and then

328
00:26:18,559 --> 00:26:25,559
went into Connolly because they found this
pristine bullet on Connolly's stretcher. Well,

329
00:26:26,039 --> 00:26:32,680
the secret Service agent who found that
magic bullet said it was with JFK.

330
00:26:32,880 --> 00:26:37,359
He didn't want it to get misplaced, in other words, rabbit holed,

331
00:26:37,640 --> 00:26:41,119
so he put it he himself put
it on John Connolly, who was then

332
00:26:41,519 --> 00:26:48,319
the governor's shoot sorry about this,
who was the governor's the governor of Texas

333
00:26:49,000 --> 00:26:52,200
who really didn't want to be in
that car and fought tooth and nail to

334
00:26:52,359 --> 00:26:56,200
not have to get in the car
with l with JFK for some reason.

335
00:26:56,400 --> 00:27:00,559
But in any event, the bullet
was found on his aretcher, but it

336
00:27:00,599 --> 00:27:06,160
really was on kennedy stretcher, which
thereby makes the whole magic bullet theory impossible.

337
00:27:06,759 --> 00:27:10,960
I mean, hey, if I
was a Kennedy, I think I'd

338
00:27:11,039 --> 00:27:14,960
change my name and I would keep
a lower profile, don't you. Well,

339
00:27:15,079 --> 00:27:17,799
okay, you know, you know
we know the CIA killed JFK.

340
00:27:17,920 --> 00:27:21,599
I mean, that's that is a
done deal. No need even to debate

341
00:27:21,640 --> 00:27:23,759
it anymore. That's just a giver. Carlton said, though, so what

342
00:27:23,880 --> 00:27:29,759
did RFK junior? RFKA didn't.
But but anyhow, with RFK, Biden

343
00:27:30,519 --> 00:27:36,799
is not giving him secret Service protection
because he doesn't want to do anything to

344
00:27:36,839 --> 00:27:41,519
help a guy who might cost him
the election. But what what do you

345
00:27:41,519 --> 00:27:45,559
think it would do to Biden's popularity
if he refused protection to RFK Junior and

346
00:27:45,559 --> 00:27:51,640
then RFK Junior got assassinated. It
seems like that would be the worst political

347
00:27:51,799 --> 00:27:55,880
outcome that Joe Biden can imagine,
Well, Joe Biden's handlers can imagine.

348
00:27:55,920 --> 00:28:00,200
Joden I don't think he imagines anything
anymore. But so there, it seems

349
00:28:00,200 --> 00:28:04,279
like they're making a really big political
mistake or taking a big political risk by

350
00:28:04,440 --> 00:28:11,599
not giving secret Service help to OURFK
Jr. But that's just a great my

351
00:28:11,720 --> 00:28:15,480
opinion strategic point, you know.
Agreed, all right. Finally, even

352
00:28:15,519 --> 00:28:21,759
though we don't talk about politics because
this is a family show. The Wappo

353
00:28:22,920 --> 00:28:26,559
Washington Post poll gave Trump a ten
percent lead over Biden, and then they

354
00:28:27,559 --> 00:28:33,960
said, oops, flawed methodology doesn't
count. We take it back. Well,

355
00:28:33,000 --> 00:28:38,359
they published the research, the numbers
and everything, but the headline said

356
00:28:38,559 --> 00:28:44,920
this is an outlier, you know, so they disavowed their own methodology and

357
00:28:45,079 --> 00:28:48,799
results in the article where they reported
on those results. But yeah, it

358
00:28:48,880 --> 00:28:52,000
said, well, and apparently they've
had one other one like that. Just

359
00:28:52,119 --> 00:28:56,279
recently too, they had another ten
percent Trump lead in a poll over Biden.

360
00:28:56,799 --> 00:29:00,160
So there's a point at which,
if you get enough of these,

361
00:29:00,200 --> 00:29:07,160
they stopped being outliers and they start
being the central conclusion of polling. So

362
00:29:07,640 --> 00:29:11,799
we'll see. But yeah, most
polls haveing a much closer election when it's

363
00:29:11,799 --> 00:29:17,440
head to head, which means Trump
wins big because he doesn't have to win

364
00:29:17,799 --> 00:29:23,920
the popular vote. He just has
to win in enough swing states, and

365
00:29:23,960 --> 00:29:27,680
if he gets close in the popular
vote, he probably wins those swing states.

366
00:29:27,680 --> 00:29:34,359
So you know, a fifty to
fifty tie between Biden and Trump means

367
00:29:34,359 --> 00:29:40,440
Trump wins easily in the electoral college. Correct my memory of this quote,

368
00:29:40,480 --> 00:29:42,960
I don't remember if it was Lennon
who said it or if it was Stalin.

369
00:29:44,400 --> 00:29:49,720
But it's not who It's not who
cast the votes that count, it's

370
00:29:49,720 --> 00:29:53,720
who counts the votes. Well,
yeah, I mean that's I think the

371
00:29:53,839 --> 00:29:57,880
establishment in the US kind of has
taken that to heart, right, So

372
00:29:59,319 --> 00:30:02,079
what one funny about this is that, you know, the Republicans feel like

373
00:30:02,119 --> 00:30:06,039
they got ripped off because the Democrats
did a lot of things that Republicans didn't

374
00:30:06,039 --> 00:30:10,160
do, like vote harvesting and stuff
like mail in ballots. So now the

375
00:30:10,240 --> 00:30:12,759
Republicans are saying, well, if
these are the rules, we're going to

376
00:30:12,839 --> 00:30:15,319
do it too, elomin age.
Yeah, because and you know they'll be

377
00:30:15,400 --> 00:30:19,279
very good at it too, because
the Republican So they've got a lot of

378
00:30:21,000 --> 00:30:23,559
boots on the ground out there,
and a lot a lot of magatromp people,

379
00:30:23,920 --> 00:30:27,359
a lot of people, yeah,
because they feel like they got ripped

380
00:30:27,359 --> 00:30:32,960
on. So this is their chance
to steal the election back now, and

381
00:30:33,359 --> 00:30:37,000
which means, you know, old
old folks homes are going to be crawling

382
00:30:37,200 --> 00:30:41,400
with competing political operatives now, you
know, going, missus Smith here,

383
00:30:41,559 --> 00:30:45,119
let me help you sign this voting
ticket here, you know. And and

384
00:30:45,440 --> 00:30:48,119
so we're going to see this deluge. This will be the highest turnout of

385
00:30:48,119 --> 00:30:53,400
the election ever because every vote will
be stolen in some way. Yeah,

386
00:30:55,880 --> 00:31:00,200
everybody is going to vote, no
matter what your body temperature is, exactly

387
00:31:00,240 --> 00:31:04,279
like the room temperature, you're voting. When I first moved to Florida,

388
00:31:04,440 --> 00:31:08,759
and I forget, like I passed
by a nursing home, okay, a

389
00:31:08,839 --> 00:31:15,119
nursing home, and there was a
polling station in the nursing home, and

390
00:31:15,200 --> 00:31:18,359
I'm like you know, wait,
like so it's like they just set the

391
00:31:18,400 --> 00:31:22,559
Alzheimer's patients up and it's like like, I'm here to vote. Oh but

392
00:31:22,599 --> 00:31:26,359
you voted already. Nah, I
don't remember it. I'll vote again.

393
00:31:26,759 --> 00:31:30,400
You know, you get them.
You just keep them voting and voting early

394
00:31:30,440 --> 00:31:33,240
and often. Right, So it's
so early voting and late voting, and

395
00:31:33,799 --> 00:31:41,480
you know, nocturnal voting, and
you've got you know, uh, what

396
00:31:41,559 --> 00:31:47,799
do you call that? Necropolis voting? Right, So you got all these

397
00:31:47,799 --> 00:31:51,480
interest groups, so we didn't even
know we had, right, you know,

398
00:31:51,880 --> 00:31:53,359
the dead. You know, they
should get us saying things because they

399
00:31:53,400 --> 00:31:56,799
help get us where we are today. Right, they deserve a vote.

400
00:31:57,000 --> 00:32:00,799
I think the exit polls are going
to be hilarious this time around too,

401
00:32:00,839 --> 00:32:02,759
because you're one, you know,
ten percent of the population will think they

402
00:32:02,880 --> 00:32:07,319
voted for Harry Truman or something.
That'll be the last name they remember from

403
00:32:07,440 --> 00:32:10,359
I'll bet Harry Truman, which will
be voting in this election. John,

404
00:32:10,640 --> 00:32:15,039
Yeah, that's right, they'll digging
him up. He was a good he

405
00:32:15,119 --> 00:32:20,039
was a solid Democrat vote that they
can definitely count on. Right. Oh

406
00:32:20,200 --> 00:32:22,839
god, you know we're laughing about
this, but this this is the adam

407
00:32:22,920 --> 00:32:29,440
of democracies. Oh yeah, you
know, John, can you name another

408
00:32:29,519 --> 00:32:37,799
country where the head dictator locks up
the political opposition in jail or you know,

409
00:32:37,039 --> 00:32:40,640
basically trust them. It does show
trials for crimes, both real and

410
00:32:40,680 --> 00:32:46,480
imagine. Yeah, another country that
might do that, like that country that

411
00:32:46,519 --> 00:32:52,880
attacked Ukraine. They might be doing
it in Brazil. They're having a show

412
00:32:52,920 --> 00:32:57,319
trial now. I mean, this
is the new trend is just don't debate

413
00:32:57,359 --> 00:33:00,480
your opposition, indict them. Yeah, we're in good company now, you

414
00:33:00,559 --> 00:33:05,839
know. And anur republic bath Yeah, Banana republics all. You know,

415
00:33:05,880 --> 00:33:09,960
all the popular countries are Banana republic
these days. So yeah, it's got

416
00:33:09,960 --> 00:33:15,240
a you know. Hey, so
make sure you go over to John's substack.

417
00:33:15,319 --> 00:33:22,200
It's Robeo dot substack dot com.
Link in the show notes our site

418
00:33:22,200 --> 00:33:24,960
Financial Survival Network dot com. We'll
have a link to John's site there as

419
00:33:25,000 --> 00:33:30,319
well, and you can sign up
for your free newsletter. John always a

420
00:33:30,319 --> 00:33:31,799
pleasure. We'll talk to you in
a couple of weeks. Thanks, Carry,

421
00:33:32,599 --> 00:33:38,200
Thanks for listening to carry Lets's Financial
Survival Network, your solution to today's

422
00:33:38,319 --> 00:33:44,200
trying times. For the latest,
go to Financial Survival Network dot com.

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00:33:44,240 --> 00:33:47,039
Financial survival network now more than ever