1 00:00:00,160 --> 00:00:05,480 You're listening to Carrie Letz's Financial Survival Network, where you get valuable information you 2 00:00:05,599 --> 00:00:10,880 just can't find anywhere else to thrive in today's trying times. You need the 3 00:00:10,960 --> 00:00:17,320 Financial Survival Network now more than ever. Go to Financial Survival Network dot com 4 00:00:17,359 --> 00:00:24,039 and get your free newsletter in gift Financial Survival Network now more than ever, 5 00:00:27,519 --> 00:00:32,359 and welcome this. It is Financial Survival Network. I'm Carrie lets your host, 6 00:00:32,520 --> 00:00:37,719 and John Robino is with us. And we've got almost too much material 7 00:00:38,359 --> 00:00:43,640 and we appreciate all the emails and YouTube comments from all of you, and 8 00:00:43,920 --> 00:00:47,920 we try to get as many as we can. John. It's hey, 9 00:00:48,159 --> 00:00:53,079 it's the second week of May, and banks are doing good now, right, 10 00:00:53,439 --> 00:00:57,079 we can forget about the banking crisis, move on to the next crisis, 11 00:00:57,200 --> 00:01:00,520 right hey, carry Yeah, the regional local bank stocks are up now, 12 00:01:00,640 --> 00:01:04,480 like like this whole thing is over. But unfortunately for them, it's 13 00:01:04,480 --> 00:01:08,799 nowhere near over because they still have all those bonds on their balance sheet that 14 00:01:10,359 --> 00:01:12,879 better down in price that they have a report, which means they have to 15 00:01:12,879 --> 00:01:17,719 put out some bad numbers going forward. And commercial real estate has just barely 16 00:01:17,760 --> 00:01:19,439 started to blow up, and it's a much bigger deal. Because those are 17 00:01:19,519 --> 00:01:23,200 legit losses. You know, these these bonds they have on their balance sheets, 18 00:01:23,519 --> 00:01:26,879 if they just hold onto them, will resolve. You know, they'll 19 00:01:27,680 --> 00:01:33,920 a off at the end and they'll get the return with very little risk that 20 00:01:34,000 --> 00:01:41,040 they expected. But commercial real estate can actually can go down so far that 21 00:01:41,120 --> 00:01:42,680 the bank has to take a big hit on the loan. It might have 22 00:01:42,680 --> 00:01:46,319 to eat half of the loan on an office building or something like that. 23 00:01:46,640 --> 00:01:51,959 And that's everywhere out there right now. So these these regional and local banks 24 00:01:51,959 --> 00:01:55,920 that do a lot of real estate landing are looking at massive losses on their 25 00:01:55,920 --> 00:02:01,239 commercial real estate portfolios that that really aren't on the front burger yet. You 26 00:02:01,280 --> 00:02:05,920 know, nobody's really paying that kind of attention because there haven't been big numbers 27 00:02:06,280 --> 00:02:09,240 that banks have had to report, but it's just a matter of time before 28 00:02:09,280 --> 00:02:13,599 they do, and when they do, the numbers will be terrifying. Yeah. 29 00:02:13,599 --> 00:02:17,120 So, so the banking crisis will just move into another phase at some 30 00:02:17,199 --> 00:02:22,039 point here, and it'll be a much scarier phase when it happens. Though. 31 00:02:22,080 --> 00:02:25,719 It's a rolling bank crisis, goes from one sector to the next to 32 00:02:25,800 --> 00:02:31,680 the next, and everything that's happening here presumably is going to be replicated around 33 00:02:31,759 --> 00:02:37,840 the world. Right, Europe might be worse than the US in terms of 34 00:02:38,120 --> 00:02:40,520 the situation that's banks are in, So it could be that they blow up 35 00:02:40,560 --> 00:02:45,680 first, and that's the thing that restarts our banking crisis here. It's just 36 00:02:46,000 --> 00:02:47,159 there's no way to know. It's a mess everywhere. And you know, 37 00:02:47,360 --> 00:02:53,120 Japan, what can you say about you? And kind of like their cure 38 00:02:53,199 --> 00:02:58,439 to insolve and loans is make more loans, right, yeah, China, 39 00:02:58,520 --> 00:03:00,159 And you know, because they're a dictator ship, they're able to do that 40 00:03:00,960 --> 00:03:07,159 really efficiently. They just tell the banks to start lending on a given topic, 41 00:03:07,240 --> 00:03:10,240 you know, into a given sector, and it happens and that So, 42 00:03:10,840 --> 00:03:15,199 yeah, China was able to engineer basically the biggest real estate bubble in 43 00:03:15,280 --> 00:03:19,879 human history, even bigger than Japan's in the nineties and bigger than the US 44 00:03:19,919 --> 00:03:23,360 and the two thousands. And it doesn't seem to be a solution for it 45 00:03:23,400 --> 00:03:30,800 because something like seventy percent household net worth in China is tied up in real 46 00:03:30,919 --> 00:03:35,360 estate. So they either keep the bubble inflated or their entire economy implodes. 47 00:03:36,080 --> 00:03:39,159 And I don't think they really have any kind of an answer because first of 48 00:03:39,240 --> 00:03:45,599 all, they're not market based people in charge of the country, so they 49 00:03:45,639 --> 00:03:49,520 don't really have a sense of you know, how it works when hass a 50 00:03:49,599 --> 00:03:53,759 prices change and that clears the market at some point because there's a price, 51 00:03:53,159 --> 00:03:58,120 there's a market clearing prices, things like that. They don't really get any 52 00:03:58,159 --> 00:04:02,520 of that, so they'll probably blunder into something big at some point, and 53 00:04:02,560 --> 00:04:06,280 we just can't know when or how much new doubt will be created in the 54 00:04:06,360 --> 00:04:13,199 process. Yeah, there's three or four great YouTube channels that deal with China's 55 00:04:13,240 --> 00:04:18,360 bubble economy. What's called like China NCD or NTD something like that. There's 56 00:04:18,399 --> 00:04:26,120 also Epic Times. They've got a couple of the YouTube channels and podcasts that 57 00:04:26,279 --> 00:04:32,040 deal with it, and there's one called China Uncensored, And like, it's 58 00:04:32,079 --> 00:04:38,399 just really fascinating to see the real story on the ground there because just like 59 00:04:38,519 --> 00:04:45,600 everywhere else, you know, the China miracle came from increasing debt, increasing 60 00:04:45,639 --> 00:04:50,079 money supplied geometrically, and just like we're seeing the limits of that in the 61 00:04:50,160 --> 00:04:54,439 United States, where we're going to see the limits to it in China as 62 00:04:54,439 --> 00:04:59,399 well. Yeah, you know, it's been a seventy year experiment and it's 63 00:04:59,480 --> 00:05:01,720 blowing up on our faces. Right now, we get to live through the 64 00:05:01,920 --> 00:05:08,439 end of the feed currency experiment, which nobody should have to go through something 65 00:05:08,439 --> 00:05:10,639 like that, but it is fascinating. You know, this is a piece 66 00:05:10,639 --> 00:05:15,920 of financial history that will live on as long as people are making decisions about 67 00:05:15,920 --> 00:05:20,600 their finances because we did an experiment where we tried to see if it's possible 68 00:05:20,680 --> 00:05:27,720 just to hand governments unlimited printing presses and in that way. You know, 69 00:05:27,759 --> 00:05:32,000 the experts told us that if we just put PhDs in charge of the monetary 70 00:05:32,079 --> 00:05:36,680 system, that they would manage things and we would have low inflation and strong 71 00:05:36,759 --> 00:05:41,319 growth and stability forever. Turned out to be the opposite. You know, 72 00:05:41,360 --> 00:05:46,279 We've got slow growth, spiking inflation, and growing instability because these idiots thought 73 00:05:46,279 --> 00:05:49,519 they knew what they were doing and they actually didn't. Actually, on my 74 00:05:49,519 --> 00:05:56,360 sub stack, I'm working on an article now about the failure of the experts, 75 00:05:56,399 --> 00:05:59,920 because there's an argument going on in the comments section about what a people 76 00:06:00,079 --> 00:06:02,279 got stupid in the last seven years and that's why they won't take their vaccines 77 00:06:02,319 --> 00:06:05,879 and things. And my my take is going to be that, well, 78 00:06:06,120 --> 00:06:11,680 you know, we put our lives in the hands of experts in nineteen seventy 79 00:06:11,680 --> 00:06:15,160 one, and we got monetary inflation, you know, monetary and stability. 80 00:06:15,199 --> 00:06:19,480 We got almost World War three kicking off here. We got open borders and 81 00:06:19,959 --> 00:06:26,199 so the border towns in the US are being just submerged in the tide of 82 00:06:27,079 --> 00:06:33,560 illegals coming in. And we've got big Pharma basically able to take over the 83 00:06:33,639 --> 00:06:39,959 government and run or force us to take experimental medicines. Now, so you 84 00:06:40,000 --> 00:06:44,680 know, all in each case we had experts from the same class, you 85 00:06:44,680 --> 00:06:50,079 know, ivy League educated, very well off, very in tune with the 86 00:06:50,120 --> 00:06:54,800 wants and needs of other people in their class. We have them take over 87 00:06:55,000 --> 00:06:59,839 and basically what they did is served the interests of their class. It's not 88 00:07:00,040 --> 00:07:05,560 that they were incompetent as much as they were basically doing things with one set 89 00:07:05,600 --> 00:07:11,040 of people in minds. So monetary policy is no matter what happens. Monetary 90 00:07:11,079 --> 00:07:16,199 policy is lower interest rates and increased government spending, which serves the rich at 91 00:07:16,199 --> 00:07:21,720 the expense of everybody else. And foreign policy is, hey, let's send 92 00:07:21,759 --> 00:07:25,519 him a bunch of our soldiers off to die in every war that we can 93 00:07:25,560 --> 00:07:29,240 think of in order to enrich the military industrial complex. It goes on, 94 00:07:29,279 --> 00:07:33,680 and unlike on healthcare policy, is whatever makes the pharmacentical companies richest. So 95 00:07:33,720 --> 00:07:38,720 we basically got a small class of people in charge of everything. Now they're 96 00:07:38,720 --> 00:07:43,680 the expert's bay of the PhD is and the people who think that's a good 97 00:07:43,720 --> 00:07:48,480 idea are wondering why nobody trusts them anymore. And you know, so it's 98 00:07:48,480 --> 00:07:53,120 an interesting story again another experiment. You know, we're we going to have 99 00:07:53,160 --> 00:07:57,000 fiel currencies. Let's try that. Are we going to put the world in 100 00:07:57,480 --> 00:08:01,399 the hands of a handful of PhDs and just let them run the show. 101 00:08:01,480 --> 00:08:03,680 Let's see how that turns out. Well, none of it turned out. 102 00:08:03,720 --> 00:08:07,480 Well, it's it's been a disaster almost across the board. And you can 103 00:08:07,519 --> 00:08:13,560 trace it back to this idea that a handful of smart people are capable of 104 00:08:13,720 --> 00:08:18,519 ruining big sections of the economy and afford policy when in effect, in healthcare 105 00:08:18,519 --> 00:08:24,519 policy, when in effect, they are absolutely unqualified to do stuff like that. 106 00:08:24,680 --> 00:08:28,160 Can you give them that power and they screw up everything? And I 107 00:08:28,199 --> 00:08:33,759 will trace this back to the Kennedy regime, the Kennedy administration. They brought 108 00:08:33,759 --> 00:08:39,000 on these guys, they call them the eggheads, and Kennedy said, hey, 109 00:08:39,039 --> 00:08:43,799 the way to run this government is get the smartest people in every profession 110 00:08:43,919 --> 00:08:48,279 and just give them free reign. And yeah, it do it well. 111 00:08:50,080 --> 00:08:52,720 During the Vietnam War. We had the best and the brightest running the Vietnam 112 00:08:52,799 --> 00:08:56,159 War and they screwed everything up. But you know, you can trace this 113 00:08:56,279 --> 00:09:03,960 even further back to Plato's Republic, Yeah, where they conclude that the best 114 00:09:03,960 --> 00:09:07,840 form of government is a philosopher king, when you take the smartest, best 115 00:09:07,919 --> 00:09:11,600 person, give them absolute power, and they will run things right. Well, 116 00:09:11,639 --> 00:09:13,240 we did a mini version of that here where we didn't we didn't take 117 00:09:13,320 --> 00:09:18,759 the best person, but we took the smartest groups of people and put them 118 00:09:18,799 --> 00:09:24,200 in charge of everything and assumed that they would do a great job because they're 119 00:09:24,200 --> 00:09:28,240 the smartest people. And you know, it turns out that life is more 120 00:09:28,320 --> 00:09:33,240 complicated than the human brain is, and you can take the smartest person in 121 00:09:33,279 --> 00:09:35,240 the world put them in charge of something, and they'll still be swamped by 122 00:09:35,240 --> 00:09:41,080 the complexity of the thing you want them to run. Only markets, which 123 00:09:41,159 --> 00:09:45,480 is millions of free people, each making a decision on whatever it is you're 124 00:09:45,480 --> 00:09:50,919 doing in their own self interest that in the aggregate comes up with good policy. 125 00:09:50,080 --> 00:09:52,879 That's the only way to get good policy, even though it's a messy 126 00:09:52,919 --> 00:09:58,480 process. But you cannot just put people in charge and expect them to understand 127 00:09:58,600 --> 00:10:05,080 and manage a system is complex as the global financial system work, or global 128 00:10:05,480 --> 00:10:11,799 politics or virology. None of that's plausible with just smart guys making decisions, 129 00:10:11,679 --> 00:10:16,000 So it has to be run by markets and super learning all this. Now 130 00:10:16,039 --> 00:10:18,639 we're figuring out that you can't have people in charge of the currency, So 131 00:10:18,679 --> 00:10:22,600 we have to go back to sound currency, some kind of a gold standard 132 00:10:22,720 --> 00:10:30,720 or other commodity standard, where markets dictates the price of money and interest rates, 133 00:10:30,799 --> 00:10:39,360 and we'll have to have new politics in which people basically get to vote 134 00:10:39,360 --> 00:10:43,039 with their feet and with their pocketbooks, and lots of different countries get to 135 00:10:43,120 --> 00:10:48,879 compete on more or less level playing field, and policy evolves from that. 136 00:10:50,000 --> 00:10:52,639 It can't be dictated from above and imposed on everybody. We have to have 137 00:10:54,480 --> 00:11:01,600 policy become an emerging, an emerging characteristic of the system, not something that's 138 00:11:01,639 --> 00:11:05,799 imposed by some dictator, you know, some philosopher king. So this is 139 00:11:05,840 --> 00:11:11,679 a big revelation that's coming here, and it feels like it's coming fairly quickly, 140 00:11:11,720 --> 00:11:18,600 certainly in monetary policy, but if we survive our attempts to start World 141 00:11:18,600 --> 00:11:22,799 War three here pretty soon, maybe we'll find out that competition is better than 142 00:11:22,879 --> 00:11:28,080 dictatorship in global politics too. So true, so true. Well, obviously 143 00:11:28,240 --> 00:11:31,679 something's going on here. Banks aren't out of the woods. Now. In 144 00:11:31,799 --> 00:11:37,080 Q one we see central bank gold buying up one hundred and seventy six percent 145 00:11:37,759 --> 00:11:41,639 year over year. Yeah, So what that is is that that's the central 146 00:11:41,639 --> 00:11:46,440 banks of the world realizing they screwed everything up and they see an end to 147 00:11:46,639 --> 00:11:52,320 their currencies and coming very quickly, So they're trying to load up on an 148 00:11:52,320 --> 00:12:01,480 asset that historically holds its value while currencies misnaged currencies just evaparade. So the 149 00:12:01,519 --> 00:12:05,320 central banks of the world are realizing they've screwed up, and they don't want 150 00:12:05,320 --> 00:12:09,440 to come out and admit it because with a currency system, all you've got 151 00:12:09,679 --> 00:12:16,919 is faith. So they can't admit that this experiment is ending catastrophically because that 152 00:12:16,919 --> 00:12:20,919 will bring it about instantly, would become a self fulfilling prophecy. But what 153 00:12:20,960 --> 00:12:26,919 they can do is load up on assets that will hold up during the monetary 154 00:12:26,919 --> 00:12:31,200 reset that has to come. So you're seeing central banks it's become a situation 155 00:12:31,279 --> 00:12:35,240 of don't listen to what they say, but watch what they do, because 156 00:12:35,360 --> 00:12:39,519 they are acting as if we've got ever you know, tsunami of inflation coming, 157 00:12:39,919 --> 00:12:46,279 the collapse of these fiot currencies and gold and silver surviving and thriving and 158 00:12:46,360 --> 00:12:50,879 becoming the basis for the next monitor system. That's how they're acting. So 159 00:12:50,080 --> 00:12:54,639 don't listen to their press conferences where they say the banking system is sound and 160 00:12:54,679 --> 00:13:00,600 we see inflation as being well anchored. That's all just focus grouped nonsense that 161 00:13:00,799 --> 00:13:05,000 they trot out when they need to manipulate the markets. But their actions say 162 00:13:05,519 --> 00:13:09,799 they're terrified, and that's what we should be getting attention to. Yeah, 163 00:13:09,840 --> 00:13:16,600 they ignore their news speak as they as George Orwell would call it. It's 164 00:13:16,600 --> 00:13:22,159 all news speak and none of it has any truth to it what soever. 165 00:13:22,879 --> 00:13:30,320 But yeah, there's no way that they can admit that they were wrong about 166 00:13:30,399 --> 00:13:35,840 this, But they don't have to. We're on to the next. The 167 00:13:35,879 --> 00:13:39,679 next crisis will be so serious that no one will remember the last one. 168 00:13:39,159 --> 00:13:45,879 That's kind of where we've been heading, John. Each crisis is more serious 169 00:13:45,919 --> 00:13:52,000 than the last, and therefore there's never a discussion about why it really happened. 170 00:13:54,000 --> 00:13:56,759 What enabled it to happen, and then we just move on to the 171 00:13:56,879 --> 00:14:01,600 last one until we get to the point where they can can't be kicked down 172 00:14:01,639 --> 00:14:05,600 the road anymore, and it looks like we're growing ever closer, and then 173 00:14:07,080 --> 00:14:09,840 nobody will remember, we won't need to have a discussion, and they'll just 174 00:14:09,919 --> 00:14:13,559 transition, right. Yeah, well that's what they've done so far. Every 175 00:14:13,559 --> 00:14:18,120 time they cause a gigantic cransis the same guys get chosen to fix the crisis. 176 00:14:20,159 --> 00:14:22,559 So there's no reason to think that the next one will be light back. 177 00:14:22,639 --> 00:14:26,799 Well, they'll they'll engineer something. It'll be another pandemic, or it'll 178 00:14:26,879 --> 00:14:31,759 be a cyber attack, or it'll be an EMP attack, or you know, 179 00:14:31,879 --> 00:14:37,360 any number of things. A gigantic command crisis is alien aliens. The 180 00:14:37,360 --> 00:14:41,200 aliens might show up and say you have to go back on the gold standard, 181 00:14:43,360 --> 00:14:46,720 you know care that would be good. Now. It's interesting, isn't 182 00:14:46,720 --> 00:14:54,960 it that the aliens are now official, officially in existence. The government says, 183 00:14:54,039 --> 00:15:00,000 yeah, there's ufoslah blah. And at the same time that artificial intelligence 184 00:15:00,399 --> 00:15:07,159 has emerged as a real thing in the sweep of human history. It's just 185 00:15:07,360 --> 00:15:09,799 very interesting that those two things would emerge in the same decade, maybe even 186 00:15:09,799 --> 00:15:15,399 the same year. We could actually meet those meet the aliens at the same 187 00:15:15,440 --> 00:15:24,279 time we meet and artificial intelligence that is self aware and it's it would be 188 00:15:24,320 --> 00:15:30,799 a surprise to me if that was a complete coincidence. It is just an 189 00:15:30,799 --> 00:15:33,960 awfully big coincidence of it happens. So we'll see, we'll see what that 190 00:15:33,000 --> 00:15:37,519 means in the future. But I don't know, well, unrelieved that Kamala 191 00:15:37,600 --> 00:15:43,480 Harris is heading the government's AI task force. Do you think she'll really be 192 00:15:43,600 --> 00:15:50,000 heading it? Or we'll chat bpt of four point five running it. We've 193 00:15:50,039 --> 00:15:52,519 got to get some video of this because we're going to have a human who 194 00:15:52,559 --> 00:15:58,360 cannot pass the Turing test talking to a machine that can pass the Turing test. 195 00:15:58,440 --> 00:16:02,519 So it's a it's going to be embarrassing for our species, okay, 196 00:16:02,679 --> 00:16:10,960 but it's the idea of naming Kamala Harris to be bizarre of something is a 197 00:16:10,960 --> 00:16:14,320 good way to hide it. We've seen put her in charge of the border 198 00:16:15,679 --> 00:16:21,000 and she never went to the border. She never expressed an idea of any 199 00:16:21,080 --> 00:16:25,360 kind about immigration policy, and maybe that's the same thing they're going to do 200 00:16:25,399 --> 00:16:27,039 now. They'll they'll put her in charge of AI, and that'll just bury 201 00:16:27,159 --> 00:16:34,120 this issue. You know, like Obama, Hey, he needed somebody to 202 00:16:34,200 --> 00:16:38,639 check up on Ukraine, he put Biden in charge of it. At least 203 00:16:38,799 --> 00:16:44,159 Biden had the good sense to cash in on it and make sure that all 204 00:16:44,200 --> 00:16:49,120 the members of his family were plush. You know, it bothers me when 205 00:16:49,159 --> 00:16:56,440 I see a politician and can't recognize opportunities where they can cash in for themselves 206 00:16:56,480 --> 00:17:00,879 and their family. That's just not a good politician. So if we can 207 00:17:00,919 --> 00:17:04,039 talk a bit about this on YouTube, that's awesome, because it is fascinating 208 00:17:04,079 --> 00:17:10,039 that, you know, they took a guy like Biden, who is just 209 00:17:10,240 --> 00:17:15,079 this old school, totally corrupt politician who's in it to enrich himself and his 210 00:17:15,240 --> 00:17:19,839 family, and they gave him a portfolio that included Ukraine, one of the 211 00:17:19,880 --> 00:17:25,960 most corrupt countries in the world, and those guys just got together and milk 212 00:17:26,079 --> 00:17:29,240 that country. You know, it's it's coming out now where the where the 213 00:17:29,279 --> 00:17:33,720 money came from that flowed into the Biden family accounts. And obviously Ukraine was 214 00:17:33,759 --> 00:17:40,160 a big conduit, but so was China. So if all of this stuff 215 00:17:40,160 --> 00:17:42,920 comes out, I think we're going to be shocked on one hand about the 216 00:17:42,960 --> 00:17:47,839 size of the numbers, and not shocked in any way on the other hand 217 00:17:47,920 --> 00:17:51,720 that this guy was doing stuff like that because he's just that kind of a 218 00:17:51,759 --> 00:17:56,319 guy. You know. He's just an obviously corrupt politician, you know, 219 00:17:56,359 --> 00:17:57,920 so it shouldn't be a surprise, you know. You give, with Donald 220 00:17:57,960 --> 00:18:03,680 Trump in charge and he's talking about buying greenland, there's something white that which 221 00:18:03,720 --> 00:18:07,160 is reasonable because he's a real estate guy. So I clear you, yeah, 222 00:18:07,359 --> 00:18:11,759 yes, much better idea than the Ukraine War. But you put Biden 223 00:18:11,799 --> 00:18:15,160 in charge, and obviously he's going to solicit bribes all over the world and 224 00:18:15,200 --> 00:18:18,440 that's apparently what he did. Isn't this going to be funny? In this 225 00:18:18,519 --> 00:18:22,759 next election, we could have, for the first time ever, a presidential 226 00:18:23,599 --> 00:18:29,720 election between two candidates who are both under indictment at the time of the election. 227 00:18:33,480 --> 00:18:37,920 It's a time for firsts, I guess. And they might be in 228 00:18:37,039 --> 00:18:44,119 jail running their campaigns from prisons, like if they're in Atlanta or that other 229 00:18:44,160 --> 00:18:49,440 place Marry in Indiana that's the supermax, and they have to have the presidential 230 00:18:49,519 --> 00:18:56,359 debate in the prison courtyard or the prison cafeteria. Right, this is a 231 00:18:56,480 --> 00:19:00,000 movie that's correct, Garry this. You know, HBO could do a movie 232 00:19:00,000 --> 00:19:03,400 movie with that plot where they both of the candidates end up in the same 233 00:19:03,440 --> 00:19:08,640 Supermax and gen pop of the same Supermax prison, and they have their debates 234 00:19:08,960 --> 00:19:14,240 in the you know, in the cafeteria. I like it. I think 235 00:19:14,960 --> 00:19:18,880 I think it could make it in today's Hollywood. You know, but obviously 236 00:19:19,160 --> 00:19:25,039 it wouldn't. They wouldn't be able to have two white guys be the candidates 237 00:19:25,039 --> 00:19:30,920 here. We'd have to multiculture lies. Well, Denzel would Denzel Washington for 238 00:19:30,960 --> 00:19:33,200 one of them? Yeah? Yeah, because he could play a bad guy. 239 00:19:33,359 --> 00:19:37,319 He's done that before. He's good. And maybe Tom Hanks or something 240 00:19:37,359 --> 00:19:41,119 like that get him in making an aw shucks country politician. Okay, hey, 241 00:19:41,119 --> 00:19:45,400 we're radio a winning screenplay. You watch this happen Now, somebody's gonna 242 00:19:45,440 --> 00:19:48,880 hear this. They're gonna make a screenplay two years from now. Yeah, 243 00:19:48,039 --> 00:19:52,319 better idea. I'm going to have a chat, GPT write the script. 244 00:19:52,759 --> 00:19:56,480 Oh you can. You can get it to an agent in weeks if you 245 00:19:56,559 --> 00:20:00,039 do it. That lay right? Okay, do it all right? All 246 00:20:00,119 --> 00:20:04,000 right? Give me give me producers credit, that's all. I like your 247 00:20:04,119 --> 00:20:07,960 co creator credit. Okay, sure, we came up. We hatched this 248 00:20:08,039 --> 00:20:17,240 scheme together, and you know, maybe Keana Reeves and Denzel he's not old 249 00:20:17,319 --> 00:20:21,240 enough. I guess his age doesn't matter just because our two guys are really 250 00:20:21,279 --> 00:20:25,759 old, it doesn't it doesn't have the two old guys in the script. 251 00:20:26,519 --> 00:20:29,559 Meryl Streep, then let's make her one of them, or no, they 252 00:20:29,559 --> 00:20:34,759 can't be in the same Um. Okay, Denzel declares himself to be female 253 00:20:36,039 --> 00:20:41,000 right before he gets um put in prison and in Meryl Streep or in the 254 00:20:41,039 --> 00:20:44,759 female prison, the women's prison. Yeah, okay, all right, Well, 255 00:20:44,799 --> 00:20:49,799 then then we cover virtually every minority in every interest group, so they'll 256 00:20:49,799 --> 00:20:53,400 all pay to see it. Yeah, it's it's a diverse capist, it's 257 00:20:53,440 --> 00:20:57,319 a Netflix. Yeah, I think we got it. Well, Hey, 258 00:20:57,400 --> 00:21:03,519 getting back to real TV. That seems to be imitating art if you take 259 00:21:03,519 --> 00:21:07,200 it. A look at the Fox ratings. I mean they are plunging down 260 00:21:07,279 --> 00:21:15,519 faster than than Joe's favorability ratings. Um. Tucker Carlson was the only reason 261 00:21:15,559 --> 00:21:18,599 a lot of people ever tuned into Fox, and they're just finding that out 262 00:21:18,680 --> 00:21:23,839 now. His old slot is down by seventy five percent. Fox is now 263 00:21:25,000 --> 00:21:27,200 smaller than MSNBC. This has got to be just killing him. You know, 264 00:21:27,240 --> 00:21:32,559 there used to be in the six hundred pound guerrilla in cable news, 265 00:21:33,079 --> 00:21:38,599 and now they're they're approaching CMN numbers, which is you know, Sanna is 266 00:21:38,599 --> 00:21:42,480 going to cease to exist pretty soon unless they turn things around, and Fox 267 00:21:42,559 --> 00:21:48,079 is approaching that level of viewership, and especially in the what is it eighteen 268 00:21:48,079 --> 00:21:52,559 to thirty four to fifty four the demographic that does all the spending. That's 269 00:21:52,559 --> 00:21:57,000 all anybody cares about, is that demographic. And that's where you and me, 270 00:21:57,480 --> 00:22:00,319 Yeah, that's what fuss. We're not we can be funny, who 271 00:22:00,319 --> 00:22:04,440 we're old? Yeah, now we just buy guns and silver coins. Now 272 00:22:04,480 --> 00:22:10,920 we're not useful for a an audience life. But um, what was I 273 00:22:10,920 --> 00:22:12,880 going to say? I forget what I was going to say. Something to 274 00:22:12,920 --> 00:22:19,720 that effect though, that that that they're imploding. And they can't asked Tucker 275 00:22:19,720 --> 00:22:23,279 Carlson to come back because they've already burned that bridge. They don't have anybody 276 00:22:23,279 --> 00:22:26,240 that anybody else is watching right now. So this is a huge deal. 277 00:22:26,279 --> 00:22:33,400 This is the the Budweiser of news right now. Right it could do a 278 00:22:33,440 --> 00:22:37,960 deep fake. They could have a deep ai fake of Tucker because he's still 279 00:22:37,039 --> 00:22:41,119 under contract, so I guess he can't say anything. Well, you know, 280 00:22:41,200 --> 00:22:42,799 he can walk away from It was like twenty million dollars a year that 281 00:22:42,839 --> 00:22:48,000 he'd be walked away from. But the minute he set up um his own 282 00:22:48,400 --> 00:22:52,240 whatever, you know, he's he's on YouTube channel. If it would be 283 00:22:52,279 --> 00:22:57,079 five times as big as his audience was at Fox, can probably make him 284 00:22:57,079 --> 00:23:00,480 three or four times as much money. You know, he'd be making Rogan 285 00:23:00,559 --> 00:23:03,960 kind of money. So there's no reason to stay at a Fox because he's 286 00:23:03,000 --> 00:23:07,559 not giving anything up. He's actually making money by leaving. So I think 287 00:23:07,599 --> 00:23:12,279 that's probably what will happen. He could do a presidential debate that that that 288 00:23:12,319 --> 00:23:17,000 would be you know, he would be the draw. So people who wouldn't 289 00:23:17,039 --> 00:23:21,000 normally watch a presidential Today debate would just tuned him to watch Tucker Carlson. 290 00:23:21,079 --> 00:23:26,599 So he's on the next he is the next Russian Limbaugh. They put up 291 00:23:26,640 --> 00:23:30,799 a lot of people, but it's proof that it's he is the one. 292 00:23:30,079 --> 00:23:33,680 And in addition to what you said, John, that all of his viewers 293 00:23:33,839 --> 00:23:41,000 left on mass dumped box. In addition, there's people who were upset because 294 00:23:41,359 --> 00:23:47,599 he was a quote unquote truth teller, and they just piled on because they 295 00:23:47,640 --> 00:23:52,359 just said, we want no part of this corporate outfit. What should really 296 00:23:52,400 --> 00:23:57,160 scare you is how many they lost twenty thirty billion dollars worth of value potentially 297 00:23:57,279 --> 00:24:02,799 by firing Tucker Carlson. And they had to know this was going to happen, 298 00:24:02,960 --> 00:24:06,440 or have a good idea, but the fact that it was done anyway 299 00:24:06,920 --> 00:24:15,920 to scare everybody because you know, his truth telling and silencing him trumped all 300 00:24:15,920 --> 00:24:21,319 the financial interests that are built into the capitalist system. That's scary. Yeah, 301 00:24:21,359 --> 00:24:25,960 it is funny when you start talking about why they fired him, it 302 00:24:26,000 --> 00:24:30,160 turns out there's like eight different reasons that are completely valid from the point of 303 00:24:30,240 --> 00:24:37,160 view of Fox. That because he had u RFK Junior on and they trashed 304 00:24:37,279 --> 00:24:42,920 the Ukraine War and Big Farma and he said that. Did he say the 305 00:24:42,960 --> 00:24:48,559 cia Ia killed his own k probably mother too, Yeah, So so all 306 00:24:48,599 --> 00:24:53,640 of them he said all of that on Fox and Tuger Carlson. You know, 307 00:24:53,680 --> 00:24:56,960 he himself was opposed to the Ukraine War. He was kind of an 308 00:24:57,000 --> 00:25:00,599 anti Fax or he was anti Big Farm month and that right there is enough 309 00:25:00,640 --> 00:25:06,279 to get you fired from any major news channel in the country. But then 310 00:25:06,319 --> 00:25:11,480 there's the story about he had dinner with Rupert Murdoch who's like ninety two years 311 00:25:11,519 --> 00:25:15,319 old, and was engaged with Rupert Block and his wife, and that at 312 00:25:15,319 --> 00:25:18,400 the end of the thing, the wife said the Tucker Carlson was a messenger 313 00:25:18,480 --> 00:25:25,440 from God, and that freaked Rupert murdochile so much that he dumped his fiance 314 00:25:25,839 --> 00:25:32,319 and fired gun. Yeah, so there's a lot of stories that all seemed 315 00:25:32,359 --> 00:25:38,400 plausible given the general insanity in the mainstream media market. Rernue Hey, it's 316 00:25:38,480 --> 00:25:42,839 a it's a wonder, but yeah, he Tucker came out and said there 317 00:25:42,960 --> 00:25:48,559 was a certain three letter agency and he got it on authority for somebody in 318 00:25:48,599 --> 00:25:53,519 the government that was involved in JFK's assassination. Take it for which it like. 319 00:25:55,240 --> 00:26:00,519 Certainly the story that we were spoon fed was a big should manure and 320 00:26:00,680 --> 00:26:04,880 had zero truth to it. But we don't need to, like we've been 321 00:26:04,880 --> 00:26:10,640 talking about this stuff. You would meet John for like fifty five years already, 322 00:26:10,880 --> 00:26:14,720 right, so we don't need to get into it. But suffice it 323 00:26:14,799 --> 00:26:19,440 to say, you're not supposed to say these things on primetime TV, and 324 00:26:19,640 --> 00:26:27,279 the people that really run things did not take kindly to it. Yeah, 325 00:26:27,319 --> 00:26:32,880 and if it was because they could have foreseen that their ratings were going to 326 00:26:32,920 --> 00:26:34,759 go down, so they knew they were taking a risk. So whatever they 327 00:26:36,160 --> 00:26:38,400 you know, whatever the reason was, it was something that was big enough 328 00:26:38,559 --> 00:26:42,799 for them to risk what's happening right now. And as you said, what's 329 00:26:42,839 --> 00:26:49,119 happening right now is they're losing billions and billions of dollars of revenue and of 330 00:26:49,319 --> 00:26:56,720 enterprise value. So they had a really really compelling reason for doing what they 331 00:26:56,720 --> 00:27:02,400 did. And hopefully whistleblower is going to come forward pretty soon, somebody who 332 00:27:02,400 --> 00:27:04,400 has taken notes from the room or something like that when the decision got made. 333 00:27:06,119 --> 00:27:08,160 Yeah. Yeah, And so because it's going to be interesting, I'm 334 00:27:10,079 --> 00:27:15,799 very interested in in why exactly they did this, because it's hard to imagine 335 00:27:15,880 --> 00:27:21,680 something that's worth, let's say, twenty billion dollars of enterprise value. It's 336 00:27:21,720 --> 00:27:23,960 got to be a serious thing for you to sacrifice that kind of money, 337 00:27:25,880 --> 00:27:29,359 which is what they did. And it doesn't look like there's any real solution. 338 00:27:29,440 --> 00:27:33,519 They don't have any other shows, but that are going to be the 339 00:27:33,640 --> 00:27:37,599 must CTV that Tucker Carlson was. They've got some guys with high ratings, 340 00:27:37,640 --> 00:27:44,119 but nothing where the viewership and the following was was that loyal? I think 341 00:27:44,240 --> 00:27:48,720 so, so this might be a permanent change for Fox and hopefully they had 342 00:27:48,759 --> 00:27:55,680 a good enough reason, you know, to The brand was forty plus years 343 00:27:55,680 --> 00:28:00,960 in the making, you know, millions of man hours, millions of dollars 344 00:28:00,000 --> 00:28:06,440 to build this brand. Don't forget Fox News News Corp. Owns the Wall 345 00:28:06,480 --> 00:28:11,960 Street Journal, they own multiple outlets, multi billion dollar company. But to 346 00:28:12,119 --> 00:28:18,640 like destroy a brand in one day, literally bring it, bring itself to 347 00:28:18,720 --> 00:28:23,960 its knees, is that companies just don't do that for no reason. All 348 00:28:25,039 --> 00:28:27,799 right, Well, you know, more general reason that I think is possible 349 00:28:27,920 --> 00:28:33,839 is that they have a certain outcome they're trying to engineer for the next election, 350 00:28:34,160 --> 00:28:40,599 and they they concluded that Tucker Carlson would have made it harder. And 351 00:28:41,240 --> 00:28:45,079 if you take the military industrial complex and the big banks and form a pharma 352 00:28:45,400 --> 00:28:49,799 put them all together, twenty billion dollars in losses at Fox News may not 353 00:28:51,000 --> 00:28:53,519 be that too high a price to pay in order to get the election outcome 354 00:28:53,559 --> 00:29:00,480 they want. So interesting thought, Yeah, it's distressing. It's distress saying 355 00:29:00,519 --> 00:29:07,200 because we've seen these kind of things happen. There's no allegations of sexual misconduct 356 00:29:07,359 --> 00:29:12,720 with him, like there was with O'Reilly, and you know that it seems 357 00:29:12,759 --> 00:29:15,240 like he's a total boy scout and these I don't know, if you saw 358 00:29:15,319 --> 00:29:19,000 the leaked videos that they it's like the guy is like, of course, 359 00:29:19,039 --> 00:29:22,920 he's pissed off, like they're screwing things up, they can't run their channels 360 00:29:23,000 --> 00:29:30,240 properly, or you know, like he's surrounded by Charlottean's and conman and he's 361 00:29:30,279 --> 00:29:33,759 weaving his way through with a with a laugh, with a cackle, you 362 00:29:33,799 --> 00:29:40,720 know. Well, you know, they they went through every second of tape 363 00:29:40,720 --> 00:29:44,440 that they had of him, and if that's the best they could come up 364 00:29:44,480 --> 00:29:51,200 with, then that's shocking. You'd expect that any normal person who's on camera 365 00:29:51,279 --> 00:29:55,160 all the time, like a news talking head is would have all kinds of 366 00:29:55,200 --> 00:29:57,720 stuff that, taken out of context, would look really bad. But none 367 00:29:57,759 --> 00:30:02,759 of this stuff made him look bad, actually made him look, if anything, 368 00:30:03,200 --> 00:30:06,759 more relatable. Right. Yeah, he comes off as a regular guy 369 00:30:07,000 --> 00:30:12,799 and definitely not a sexual predator or a fascist or a racist or anything like 370 00:30:12,839 --> 00:30:18,240 that. So if that was their best shot, they might as well just 371 00:30:18,279 --> 00:30:22,799 give up, you know. Except the outcome of the course that they've chosen 372 00:30:22,920 --> 00:30:27,640 because he'll probably walk from Fox pretty soon. He'll probably start his own little 373 00:30:27,839 --> 00:30:33,440 edia empire and it'll be massive, and that'll be that. It's just that's 374 00:30:33,440 --> 00:30:37,000 the new world of media that Fox has created, so so so be it. 375 00:30:37,079 --> 00:30:42,200 I think it's a better world really have or Ucker Carlson running around on 376 00:30:42,200 --> 00:30:47,759 his own outside of the umbrella of a big media company. I think it's 377 00:30:47,759 --> 00:30:52,279 way more interesting. And he and Joe Rogan out there in the world are 378 00:30:52,279 --> 00:30:56,960 probably bigger than all of the mainstream media put together, and way more beneficial 379 00:30:57,079 --> 00:31:03,160 for general understanding of set. Oh yeah, yeah, Well, he has 380 00:31:03,200 --> 00:31:08,519 the ability to create the platform probably go podcasting and talk radio as well. 381 00:31:10,640 --> 00:31:15,039 Right, That's that's kind of it. And you know, Limbo could have 382 00:31:15,079 --> 00:31:18,000 done that at any moment. He could have just walked away from the radio 383 00:31:18,079 --> 00:31:23,319 and just done online stream all right, and it wasn't even that big then, 384 00:31:23,400 --> 00:31:26,680 but he had the ability to do it. He didn't do it because 385 00:31:26,680 --> 00:31:32,440 he was loyal to talk radio. Carlson, he can do that and nothing, 386 00:31:33,799 --> 00:31:37,400 there's nobody that could touch him, and people will pay. You know, 387 00:31:37,440 --> 00:31:41,440 even though I say we have this term in the US over subscribed. 388 00:31:41,920 --> 00:31:47,079 When you look through your credit card statement every month, idiotic subscriptions you have, 389 00:31:47,680 --> 00:31:51,759 that's one that most people wouldn't have a problem with. My immediate response 390 00:31:52,200 --> 00:31:56,240 if I have to buy a subscription to anything, any website, is no, 391 00:31:56,160 --> 00:32:00,640 all right, and then it'll be proved to me why I need this. 392 00:32:00,519 --> 00:32:05,119 And you know that if you if you want to go save some money, 393 00:32:05,559 --> 00:32:08,039 just go through your credit card statement and see how many auto pays you 394 00:32:08,079 --> 00:32:13,519 have every month raining your bank account what They'll be shocked, you know. 395 00:32:13,519 --> 00:32:15,799 I think I think we're dedicated to the idea of alternative media, then there 396 00:32:15,839 --> 00:32:21,440 are people we should support rather than just read their stuff for free. And 397 00:32:21,559 --> 00:32:25,559 Tucker Carlson, I mean miss Glenn Greenwald and Matt Tayubeian and a personal favorite 398 00:32:25,599 --> 00:32:30,359 of mine is Caitlin Johnstone. But Tucker Carlson would be on that list. 399 00:32:30,400 --> 00:32:35,759 I would toss five bucks from Mind to a subscription for Tucker carlson stuff here. 400 00:32:36,160 --> 00:32:40,200 And so let's say five million people agree with that, then that's twenty 401 00:32:40,200 --> 00:32:46,079 five million dollars a month for Tucker Carlson. And that's completely possible. I 402 00:32:46,079 --> 00:32:51,480 mean, if you look at how big the global audience is, what a 403 00:32:51,559 --> 00:32:58,240 billion and some people speak English. So there's his potential audience and the idea 404 00:32:58,359 --> 00:33:02,599 of ten million or five million or twenty five million or whatever out of that 405 00:33:02,720 --> 00:33:08,000 big audience tossing him five bucks a month is shit that it's all be shocked 406 00:33:08,000 --> 00:33:13,039 if it didn't happen. And then you know, or are you telling me 407 00:33:13,039 --> 00:33:20,039 about simultaneous translation now with AI? Yeah? Yeah, invlated anywhere? Yeah, 408 00:33:20,119 --> 00:33:22,200 yeah, So he might have a global market then where it's just instantly 409 00:33:22,240 --> 00:33:30,839 translated to whatever language you you're listening via or speaking or whatever. And so 410 00:33:30,920 --> 00:33:35,519 he's got the six billion people then yeah, and the what he could do 411 00:33:35,599 --> 00:33:37,920 is he could take one sponsor. All he has to do is take my 412 00:33:38,119 --> 00:33:44,759 pillow dot com Mike Lindell the only sponsor he needs. Everything else will be 413 00:33:44,839 --> 00:33:49,400 subscription based and it'll work out great. Hey, one more thing. So 414 00:33:49,640 --> 00:33:55,319 RFK and Junior running for president and he's been they've classified him as a conspiracy 415 00:33:55,440 --> 00:34:02,160 theorist recently too because of his anti medical you know, vaccine and all that 416 00:34:02,400 --> 00:34:12,679 stuff. But he's like twenty percent the poles now against the sleepy old Joe. 417 00:34:12,519 --> 00:34:17,360 Where does this end? He's a really compelling candidate. Um there there 418 00:34:17,360 --> 00:34:22,239 really isn't anybody on the list of Democrats that I wouldn't even think about voting 419 00:34:22,239 --> 00:34:28,599 for. They just have such a weak bench right now. But this guy 420 00:34:28,800 --> 00:34:35,960 is actually interesting enough that he might be a fun president because he's very brave. 421 00:34:36,360 --> 00:34:38,320 You know. He'll go after big Pharma and he'll pull us out of 422 00:34:38,760 --> 00:34:45,079 Ukraine and our heartbeat. So they'll do some some things that will will offset 423 00:34:45,119 --> 00:34:50,239 the crazy economic stuff, but a left wing Democrat would do. But I 424 00:34:50,280 --> 00:34:52,760 think he's he's got a chance. First of all, his name is Kennedy. 425 00:34:52,840 --> 00:34:58,079 There, there's ten percent of right there, just name recognition. He's 426 00:34:58,360 --> 00:35:04,639 um on the correct side of the pandemic debate for a huge number of people. 427 00:35:05,159 --> 00:35:08,719 He's definitely on the correct side of a Ukraine thing for a huge number 428 00:35:08,719 --> 00:35:12,800 of people. And if he's running against somebody who's on the wrong side of 429 00:35:12,840 --> 00:35:17,440 all that stuff, which Biden is getting to, fifty one percent is not 430 00:35:17,559 --> 00:35:21,840 that big of a stretch from nineteen percent right now, especially if they are 431 00:35:21,960 --> 00:35:25,679 debates. Probably there won't be because they know they can't do it. So 432 00:35:25,719 --> 00:35:30,679 whatever the Democrat National Committee has to do to prevent debates, they'll do it. 433 00:35:30,440 --> 00:35:37,440 But they can still have debates. Kennedy and Mary Ann Williamson debate on 434 00:35:37,760 --> 00:35:39,760 they could go on your show and debate. Hey, I'd love him. 435 00:35:40,320 --> 00:35:45,679 Yeah, anyway, it would be an extremely interesting debate that would get a 436 00:35:45,760 --> 00:35:53,719 ton of YouTube views and would give those guys the kind of exposure that a 437 00:35:53,760 --> 00:35:58,159 third party candidate needs because really that's what they are now. They're running is 438 00:35:58,199 --> 00:36:01,079 independence, even though they're like Ron Paul back when he was quote unquote a 439 00:36:01,159 --> 00:36:07,519 Republican. These guys are running as independents with finn Democrat Party, but still 440 00:36:07,559 --> 00:36:10,880 they're their third party candidates. And when you're a third party candidate, you're 441 00:36:10,960 --> 00:36:15,599 starved for exposure. But this would do it. This would give them exposure 442 00:36:15,320 --> 00:36:20,719 and or maybe Tucker Carlson could host those two debating. I would be good. 443 00:36:21,440 --> 00:36:23,960 I love it. Hey. You know, when when you look at 444 00:36:23,960 --> 00:36:30,480 it, if Trump is in jail anyway, then I guess RFK Junior will 445 00:36:30,519 --> 00:36:35,679 have to visit to Leavenworth or wherever they're holding Trump in order to have the 446 00:36:35,800 --> 00:36:39,280 debates, and Trump will the game because they'll give them a break from ping 447 00:36:39,400 --> 00:36:45,239 pong or whatever they do in the evenings there before lights out. So you 448 00:36:45,320 --> 00:36:51,159 know, it could be it really opens the possibilities. See even if neither 449 00:36:51,239 --> 00:36:52,400 of them are going to be president. I would still love to see a 450 00:36:52,440 --> 00:37:00,400 debate between RFK Junior and Donald Trump. That would be just potential train but 451 00:37:00,559 --> 00:37:06,679 maybe really interesting too, with Tucker Carlson moderating. It's so that's a that's 452 00:37:06,679 --> 00:37:08,920 a pay per view event, Yeah, where you pay thirty five bucks to 453 00:37:08,960 --> 00:37:13,239 get it under your cable. Absolutely, man, and they'll be you. 454 00:37:13,880 --> 00:37:17,000 Well, we'll be seeing those video clips for decades. So well that that's 455 00:37:17,039 --> 00:37:22,079 great. Probably. Yeah, that is it for this week. Make sure 456 00:37:22,079 --> 00:37:25,719 you go over to John's substack or Robino substack dot com link in the show 457 00:37:25,760 --> 00:37:30,920 notes, and we'll pick up in a couple of weeks. For some reason, 458 00:37:30,039 --> 00:37:35,039 John, I don't think we will have any shortage of material come next 459 00:37:35,079 --> 00:37:37,880 time. Hey, you've got a question, shoot us an email right to 460 00:37:37,960 --> 00:37:44,000 comment below on the YouTube channel. It's a kl atcarry Lutz dot com and 461 00:37:45,119 --> 00:37:49,920 don't forget subscribe to your free newsletter Financial Survival Network dot com. John. 462 00:37:49,960 --> 00:37:52,800 We'll see you in a couple of weeks. See you, carry Thanks for 463 00:37:52,880 --> 00:37:59,079 listening to carry Lutz's Financial Survival Network, your solution to today's trying times. 464 00:37:59,440 --> 00:38:04,880 For the latest, go to Financial Survival Network dot com. Financial survival network 465 00:38:05,320 --> 00:38:06,840 now more than ever