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Speaker 1: What do we do with the debt as part of this,

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because we have to be able to pay it out somehow, someway.

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But we lower the value of the debt by raising

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the price of gold. Yeah, and then you enrage the

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people who get screwed because they own the debt. And see,

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that's the battle of going to the gold standard is

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that you have to screw over the people who trusted

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the government, and then you have to survive their anger.

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Speaker 2: You are listening to Carrie Letz's Financial Survival Network, where

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you get valuable information. You just can't find anywhere else

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to thrive in today's trying times. You need the Financial

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Survival Network now more than ever. Go to Financial Survivalnetwork

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dot com and get your free newsletter and gift. Financial

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Survival Network now more than ever.

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Speaker 3: And welcome you are listening to and watching the Financial

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Survival Network. I'm your host, Carrie Lutz. John Rabino is

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back with us, and boy have we got a lot

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of stuff to talk about here, John, I mean so

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much for intros here. First, we kind of got brought

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together by gold and gold is over three thousand bucks.

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I'm sure they're going to knock it down below maybe

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they'll get it down to twenty eight hundred. But as

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you noted, gold and copper had both hit all time

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highs this month.

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Speaker 1: Yeah, hey, Carrie, in the past month, gold and copper

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both went and you know, you can put a chart

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out going to the from the like nineteen eighties, nineteen

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seventies to today, and it is a phenomenally good looking

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bull market, even though it didn't always feel like that

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for us, right there were these long stretches where where

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that was one of the most golden for instance, was

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one of the most boring things to be in and

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what it is deplantment. But you know, you look at

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that long term chart and this was a rock and

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bull market for all of this century for sure. You know,

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since two thousand, gold has outperformed the S and P

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five hundred, which you how many people would guess that

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after this epic equities bull market that we've seen so far,

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and then copper is starting to come around. People are

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finally figuring out the copper is not this boring, old

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old tech thing. It's an energy metal, you know, it's

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an energy transition commodity that we have to have if

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AI is actually going to be a big force in

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the world going forward, because ais require massive ANNs of electricity.

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Can't get that without copper. So anyhow, the mining stocks

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are finally starting to respond to this long, kind of

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secretive gold bull market and the kind of sudden one

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with copper. And it turns out that the best profile

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for mining stock is copper slash gold. Right. You know,

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if you have those two things now, you're getting very

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wide profit margins because every ounce or pound or whatever

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of whatever you're selling is becoming more valuable. You're getting

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more cash, and your costs aren't really going up recently

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because oil has gone down in the last year, went

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from eighty some dollars a barrel to sixty some dollars

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a barrel recently, and that means mining, which is an

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energy intensive business, didn't get more expensive in the past year,

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or at least not way more expensive. So you're seeing

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these wide profit margins and first quarter earnings this year

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are going to be excellent because gold went up again

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in the first quarter, and that means that a lot

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of the good quality gold and silver and copper miners

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are going to put up excellent numbers, and maybe the

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kind of numbers that show up on the radar screens

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of momentum investors. So you get momentum investing money coming

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into what has been a kind of a special list

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value oriented investing community that's very small, very thinly traded.

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You know, you could see a lot of action going

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forward because of that. And I'm doing a subsect post

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on one of the stocks that really benefits from this.

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And to give an example here, Sandstorm Goal is a

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royalty company that a few years ago made a big

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acquisition to guarantee its growth for the next decade. But

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it took on a massive amount of debt in the process,

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and that debt has been weighing them down. You know,

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they've been whittling it at it, but they haven't gotten

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it paid off yet. But now people are looking at

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that stock and going wow. You know, with their margins

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widening out, you know, they make like twenty five hundred

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dollars per ounce of gold that they sell, they're going

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to be able to really take a bite out of

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that debt, which means their interest costs are going to

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go down, which means their cash flow is going to

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go up because of interest costs and because they're selling

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more gold. And it turns out a lot of copper too,

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So suddenly this is the profile of the stock that

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you really want to own after you know, three or

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four years of just languishing. I think there's a lot

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of that going on in the precious metal sector right now,

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where you know, boring companies that just didn't look that interesting,

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we're putting up that grade of numbers or anything. Suddenly,

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you know, in the fourth quarter of twenty twenty four,

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now the first quarter of twenty twenty five look like

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growth stocks. So I think this is if we avoid

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that correction that you mentioned as a real possibility. You know,

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if gold doesn't drop back down to twenty five hundred

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dollars an ounce, we're copper down to four fifty pounds.

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I think a lot of these stocks are going to

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be treated like growth stocks by the investment community, and

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they're going to have a really nice run.

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Speaker 3: And you know, at the same time, the majors we

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got depleting reserves, dwindling reserves, and eminem has to heat

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up because otherwise, at some point five years down the road,

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their production's going to fall off a cliff and that

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will cause you know, a lot of turmoil in these companies.

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So they got to start buying again soon. You know,

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it's funny that you mentioned the S and P. I

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actually had chat GPT. I said, come up with a chart.

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Show me the relative rates of return since nineteen ninety nine,

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which was when I started buying gold. All right, it

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had it down at like two ninety I think I

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bought it to eighty. And show me silver and S

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and P five hundred and then tech stocks, you know

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the top five. Now, gold was somewhere around nine and change.

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Percent was seven and a half percent. The S and P,

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believe it or not, was only five percent. I think

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that that was a little bit more. That means even

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with dividends, the and P did not out left warm gold.

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I didn't calculate on but I did do total returns

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to that included dividends, and the tech stocks were like

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for that twenty five year period were at seventeen and change.

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But then I did it for the past five years.

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So obviously gold was up to like eleven percent or something,

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and silver was up the tech stops were yielding thirty

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plus percent. I didn't even bother doing it with bitcoin

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because yeah, I was gonna say point, you know, it

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just goes but exactly what you're saying is exactly it. Now.

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You know, obviously there was a lot of periods there

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where gold was underperforming or not performing and the stock

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market was over performing. But it just amazed me when

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I ran that chort how it normalized John over that

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twenty five year period.

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Speaker 1: M hm. Yeah. And you know that chart that you

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ran is basically a portrait of an over liquefied economy.

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They were they were dumping so much new money into

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the banking system and the rest of the economy that

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basically everything caught a bid and everything went up. You know,

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so they went up by varying amounts, but still that

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those multi trillions of dollars of new credit that the

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US government was creating and that the Japanese and Chinese

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and European governments were all creating, that flowed into financial

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assets and to a lesser extent, real asset. I mean,

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you know, real estate went through the group too. If

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you put house prices that it would have been right

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there with tech stocks just.

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Speaker 3: About I'll go at the house and I will run

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that short, y'all post it in the show notes.

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Speaker 1: Yeah. Good. And so what that means though, is that

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going forward some of these overvalued assets have to crash.

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And historically, when tech stocks have a decade of thirty

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percent plus annual games, they go they join the ninety

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percent club, you know, they just fall off the table.

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Speaker 3: Xerox ibm oh yeah.

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Speaker 1: I mean Amazon went down by ninety percent in between

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two thousand and two thousand and two. So even the

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really high quality tech stocks get so wildly overvalued. When

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we you know, when a new technology catches our eye

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and we decide that it's going to change the world

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and it's going to go up forever, and we can

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pay anything for the related stocks, you know, the stocks

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get so overvalued that they can drop by fifty percent

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and just be fairly valued again. But they never stop

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at fifty percent. They have to keep on going down

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to the depths of despair. And I think there's a

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decent chance that that's the NASDAC over the next few years,

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you know, but doubt you know, with what governments are doing, though,

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it's very hard to predict because this is not completely

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this is not very similar to these older market bubbles

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and bursting bubbles and bus because we've already taken on

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this insane amount of debt. So Normally, historically you had

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to work that debt off via a huge crisis, but

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this time around, nobody's playing that game. China just increased

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their money supply parabolically. It just went straight up, So

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they're they've got a real estate bust that they're trying

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to liquify their way out of Europe was already well,

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at least France was just refusing to obey the European

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Union deficit rules. They were borrowing way more money than

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they were allowed to. And now that the US has

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apparently abandoned NATO, you got Germany and France and a

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lot of the rest of Europe embarking on this massive

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military build up. And they're going to exempt military spending

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from the deficit caps. So they're still going to keep

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to their deficit caps, except they're going to spend way

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more money over here off but off balance sheet, And

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so we've got this massive wave of governmental liquidity. Oh

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and of course the US we're running two trillion dollar

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deficits and the first five months of this fiscal year

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was a record high deficit for the US. No crisis,

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no war or anything, we just were running record high deficits.

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So what does that do to financial assets. That's an

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amazing amount of liquidity. You would think it would be

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very inflationary and it would crush the currencies, but it

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might elevate a lot of really speculative kinds of momentum stocks.

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So we'll see.

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Speaker 3: You know, this is.

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Speaker 1: A really hard call based on history, because you've got

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things pointing in different directions. And I don't really have

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an answer for that, except that I think gold and

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silver are going to do real well. They should be

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one of the beneficiary. It's precious metals going forward.

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Speaker 3: Trump is a good for metals, that's for sure.

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Speaker 1: Yeah, And so the question is, I mean, this is

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too early for us to start talking about this, but

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you and I are going to have a recurring topic

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at some point, which is when should you start taking

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profits in precious metals related assets. And so I'll just

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tell you my strategy right now is that, like you said,

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the big guys have to buy out the little guys

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to top up their reserves. So own a portfolio, which

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is a big cross section of the mining industry, and

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when a big guy buys your smaller player, take that

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out in cash, you know, just cash out of that.

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Don't wait for the big guy's stock to hit your account.

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Just cash out and let the market tell you how

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to build up cash. The acquisition binge and so you

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don't really if you make that your rule, you don't

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really have to think about whether this little explorer should

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be worth one billion or three point five billion or what,

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you know, whatever you could which you can't. You can't

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calculate that. You can't really figure out what those things

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are worth. But if Numont thinks it's worth two billion

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and they're going to, you know, give you Numont stock

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that reflects that, then you just sell the stock on

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the day of the announcement. So anyhow, little strategy.

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Speaker 3: And historically they haven't been too good in these investments.

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The majors, you know, some of them worked out really well.

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But but if they bought a lot of garbage the left.

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Speaker 1: Yeah, because you know, during precious metals were markets, they

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have massive cash flow. And what CEO can just sit

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on a huge and rising cash flow stream, you know,

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it burns a hole in their pocket. They start building

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empires and they pay for acquisitions. So let the big

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guys overpaying be your signal to start raising cash. And

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there have been very few acquisitions in my portfolio so far.

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Silvercrest Metals got bought out just lately. But that's it,

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I think, you know. So I'm looking forward to writing

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some substack posts with titles like our third Acquisition, our

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fourth acquisition. You know when when they start getting bought out.

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Speaker 3: It's amazing, amazing. So what about doge Can you believe

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the amount of fraud that is present? I mean, we

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knew it was there, we just didn't know perhaps how

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extreme a grift it was. And all these senators, wives

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or head of NGOs which are getting billions from the

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government and all the you know, all the social agendas

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that this money was going into DEI and you know,

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is insane.

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Speaker 1: Well, it turns out here's how it works. Well, start

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with the basic premise, which is that the federal government

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is a big money laundering operation. That's basically the thing

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that they figured out how to do. So they created

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this constellation of entities that are related to the government

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in some way. You know, Let's say you graduate from

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Georgetown and you can go be a congressional aid for

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a while. Then you hop over to a consultant that

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works for government or to a lobbyist, and then you

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go to a think tank for a while, and then

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you go to an NGO like the ones that are

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funded by USAID, and you spend some time overthrowing foreign

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governments in other countries. And at each stop you get

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a nice salary, you get an impressive title. You do

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zero work that benefits society in any way. So it's

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basically a series of syndicures. And at the end of

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your career, you know, forty years later, you retire and

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everybody's impressed with all the titles you had. You made

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a ton of money, so you're rich, but you accomplish

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nothing for society.

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Speaker 3: Yeah, zero and yeah, and that actually is worse than nothing.

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Speaker 1: Oh wait and yeah. And along the way, you kick

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back a lot of this money by contributing to political

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campaigns of the senators and congressman who funded you in

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the first place. So it's a kind of a closed

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loop where we create the money out of thin air,

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and then we redistribute it via this money laundering operation.

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And that is what DOGE is showing us. You know,

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all these things that Stacy Abraham's thing. Did you see that?

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Speaker 3: Oh my god, If she's worth two billion, then you

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and I are worth a trillion.

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Speaker 1: You know that that lady has never done anything. She

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she ran in a couple of elections and lost, and

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she's written a couple of you know, kind of bodice

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ripper romance novels and that's it. But they gave her

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two billion dollars, just created out of thin air, because

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why not. You know, it's all funny money anyhow, it's

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all play money. And now she got caught, so they

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took that money away.

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Speaker 3: Yeah, they Claudewack twenty billion from the What does she

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know about the environment?

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Speaker 1: You know, well, I mean the EPA. Yeah, that twenty

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billion from the EPA. They just handed it out to

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entities that didn't even exist before they started handing it out.

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They just made up a website and then gave that

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website billions of dollars with the promise that that website

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would spend that money on environmental related things in the

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future at some point. But see, with these NGOs, it's

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really important to understand how these things work because it

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sounds like, you know, you look up their website or

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some other explanation of what they do, and it looks

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like they're above board charities. What they do is they

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take in a bunch of money. They pay the salaries

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of people who work for it, and then they pay

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out maybe ten percent of what they took in to

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the actual beneficiaries, you know, to the people who are

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being helped in theory. So it's basically just the jobs

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program for people from the political class and the expert class.

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So it's someplace where they can sit while their party

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is out of power, so they don't broke, they can

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still eat while the while the Democrats are out of power.

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The republic and you know this is bi bartisan. The

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Republicans a bunch of this stuff too, which is which

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is why Doge is. You know, it was a dangerous

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thing for Elon Musk to do because there are Republicans

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as well as Democrats who would love to see him

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get a bullet in the head right now, you know,

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because he's threatening everybody's grift. Well, it's a bigger Democrat

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thing than a Republican thing. So if Doge just shuts

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down the whole pipeline, you know says okay from now on,

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governments send zero money to NGOs. If they did that,

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that would hurt more Democrats than Republicans. So there is

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a political angle to it.

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Speaker 3: It's like us AID used to be an equal opportunity grift.

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They were equally stealing from it, but not in these numbers.

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You know, the grift was always there, but now it's metastasized,

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you know, the vampire squid where they're just stealing so

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much that the whole thing's collapsing. So it's going to

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be interesting to see. Because Musk is convinced he can

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cut a trillion dollars off, I sur I'd be surprised

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if he didn't do more than that. But what about

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the courts, like the whole agenda, the whole Trump agenda.

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These renegade judges are just trying to derail. It's going

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to have to go to the Supreme Court. Who knows

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about those people, certain members of the court, But you know,

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eventually Trump is going to have to say no, mas,

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I'm not going to listen to you guys, and then

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we are going to have the constitutional crisis.

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Speaker 1: Yeah. Trump can't say no to the Supreme Court, especially

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a conservative Supreme Court. So well, what he's doing now,

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he's trying everything you can think of and letting it

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go to lower courts with the idea of you get

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it up to the Supreme Court, and they'll let us

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do some of this stuff, you know, because I don't

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think they know ahead of time what they're going to

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be doing a year from now, but they they are.

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They're just throwing everything out, letting the courts decide which

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kinds of corruption they go after and the mechanism for

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going out, because you know, if you want to send

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illegal immigrants back, there is a process. It's just slow

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and expensive. And Trump wants to be able just to

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round up anybody who looks like they might be dodgy,

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put them on a plane, and send them to a Salvador,

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to an l Salvador in prison. Now that, yes, see,

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he probably can't get away with that because there will

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be there will have to be some kind of a process.

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But he wants to figure out how much of this

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he can get away with and how much of a

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process he has to put up with when the time comes.

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So that's what I think is going to happen is

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a lot of these court cases are going to go

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to the Supreme Court. The Supreme Court is going to

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kind of pick and choose the ones that they're going

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to let Trump do, and then Trump and Doge will

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just do those things, you know, and then and they'll

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use the things there not allowed to do as campaign

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arguments in the midterm elections. You know, they'll say, man, I,

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you know, we got a lot done, but we could

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get so much more done if you just help us

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replace all these bad judges with good judges. You know,

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that could be another thing they run on in the

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congressional elections in the midterms.

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Speaker 3: So it's going to be interesting, I think, to the.

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Speaker 1: Extent that there's a plan, that's what the plan is,

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it's definitely going to be interesting to see how this goes.

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Speaker 3: I mean, the process for deporting aliens is so unwieldy,

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you know, this due process thing which they there is

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no reading of the or proper interpretation the Constitution that

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says these illegal aliens, especially criminal ones, have the right

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to stay here.

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Speaker 1: It's just not that's actually question. It'll be interesting to

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see this question be answered, which is does somebody who's

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here illegals have the protection of the Bill of Rights, Like,

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do they actually have rights here or can they just

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be picked up off the street flown to some other country.

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And some of the courts right now sounds like they're

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saying yes, they have a rate to some kind of

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due process, and then that's going to go to the

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Supreme Court. And the Supreme Court is six to three

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conservative in theory, but John Roberts is not necessarily conservative

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in practice, and that brings it to five to four.

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And then what's the woman with the high voice, the

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conservative Barret a Cony Barrett. Yeah, she's she can be

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kind of a swing vote too. So none of this

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is guaranteed. But you know, when you start with a

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six to three quasi conservative majority, some stuff ought to

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be possible. You know, Trump should get a win on

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some of these things.

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Speaker 3: The public though, let's not underplay the public's sentiment here.

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According to some of these surveys, seventy eighty percent are

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in favor of tossing these you know, reprobates that have

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come in from all over the world to rape steel

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and pillage. You know, seventy eighty percent. It's the Supreme

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Court is going to have a really hard time ignoring

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the public's will here.

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Speaker 1: Well, see, you don't want the Supreme Court to be

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watching polls though, right. You want them to make as

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objective as possible a judgment based on the Constitution, because

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once they start doing what's popular and then it goes

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really badly for conservatives and a lot of issues too.

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Speaker 3: You know, but we'll see, FDR. You know. Yeah, well,

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I mean this resisted and eventually they gave in.

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Speaker 1: So yeah, well, I mean after we are tried to

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stack the court too, which he failed at. You know,

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he tried to add a whole bunch of new justices,

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which is that's liable to be a platform planning for

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the Democrats in the next election. I mean, if the

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Supreme Court rules for Trump on a lot of these issues,

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then the Democrats will run on a program of stacking

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the court too. You know, we're going to have three

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more justices next time where we have a president. People

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will like that. I mean, that's popular with thirty percent

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of the population, so sure, we'll see. I mean, things

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like that will be argued. It's a horrible idea. I mean,

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if everybody who takes power, every party just kind of

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redesigns the Supreme Court to reflect their values, and then

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the next party does the same thing that that's a nightmare.

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So we'll see.

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Speaker 3: Man, you have one hundred judges, have one hundred judges

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on the Supreme Court. They won't be able to agree

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on any to.

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Speaker 1: Be like like elected office.

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Speaker 3: Yeah, nine is optimal because other lower courts have a

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lot more judges, lower appellate courts and especially the circuit courts,

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and it gets very difficult for them to achieve a

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consensus about anything. So this is going to be really

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fascinating to watch. They're going to have to give in,

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i believe, to most of Trump's program here. Certainly they

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can't justify. You know, we have this Impoundment Act where

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Congress basically took the purse strings away from the president

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back when Nixon was in the process of being impeached.

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They're going to have to walk that back because you

439
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can't say, like if Congress says we're going to build

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a giant pit in the middle of the you know, Colorado,

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and then we're going to take as much cash as

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we possibly can, throw it in that pit and light

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it on fire, you know, at some point the court

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cannot allow this.

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Speaker 1: Yeah, I mean, this is going to be a really

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interesting constitutional year where we get to hear some really

447
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high level arguments. I'm looking forward to it because that

448
00:27:16,480 --> 00:27:19,640
stuff is fascinating. You know, does the Constitution allow you

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to do this and what is the language and how

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do you interpret the language? And what did what did

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previous courts say about this? I think that's interesting and

452
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it's going to be fun this time. But but yeah,

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the whole Okay, the President is in charge of the

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executive branch, but Congress is in charge of what the

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executive branch spends money on. Now, you can't have both

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of those things be completely true, right, So somehow they're

457
00:27:51,640 --> 00:27:53,599
going to have to sort that out. And like the Okay,

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the executive branch is allowed to decide how much these

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guys spend and to close down categories of the executive

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branch if they want to. You know, you can can

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can Trump closed down, for instance, the Education Department because

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it's it's within the realm of the executive branch, but

463
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Congress funded it. You know, what's the answer to that

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is going to be yeah, yeah, So what does the

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Supreme Court say about that? And if it's if it

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comes down hard on either side, then that opens the

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floodgates for whichever side wins to just go to town

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do anything they want to.

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Speaker 3: All right, So talking about us AID, which isn't really

470
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what it's about, but we had the release of the

471
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Kennedy files, which nobody's gotten through. But there's a couple

472
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of interesting tidbits. But one of the things of interest,

473
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there's a lady named Ruth Payne and she was instrumental.

474
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Without her, the assassination could not have happened. And it's

475
00:29:01,079 --> 00:29:06,359
been speculated that she's Cia. Her her family was like

476
00:29:06,480 --> 00:29:11,279
buddy buddy with the Alan Foster Dulles, and you know,

477
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she was ejected from Nicaragua during the contract whole thing.

478
00:29:17,079 --> 00:29:21,640
You know, it's it's fascinating. So the point is like,

479
00:29:21,839 --> 00:29:26,160
nothing really earth shattering. No smoking guns have come out yet,

480
00:29:27,039 --> 00:29:31,759
but we haven't gotten everything yet either. So but the

481
00:29:31,799 --> 00:29:35,400
fact that they're releasing all this stuff and it's laden

482
00:29:35,480 --> 00:29:40,680
with the agency disinformation too. So I had a discussion

483
00:29:40,720 --> 00:29:44,960
with GROC about it, you know, and I basically convinced

484
00:29:45,039 --> 00:29:49,359
Groc that the company was involved. Rock is now ninety

485
00:29:49,440 --> 00:29:54,799
nine percent sure that the company was involved. Whereas first

486
00:29:54,799 --> 00:29:57,599
it's given me a line of garbage like maybe this

487
00:29:57,839 --> 00:30:00,720
and who knows, and then I press to go down

488
00:30:00,759 --> 00:30:03,680
the list of characters. It was the most fascinating thing

489
00:30:03,920 --> 00:30:07,440
you ever saw, John. It fast sounds fascinating.

490
00:30:07,440 --> 00:30:09,680
Speaker 1: I didn't know you could have a conversation that changes

491
00:30:09,720 --> 00:30:12,839
in AI's mind, and then it's grouk out there now

492
00:30:12,880 --> 00:30:14,920
telling this stuff to other people who ask about it,

493
00:30:15,000 --> 00:30:18,000
like this is youerr okay? Then yeah, okay.

494
00:30:18,200 --> 00:30:21,480
Speaker 3: So I asked it to rate my knowledge of the

495
00:30:21,559 --> 00:30:25,079
Kennedy assassination. It gave me an eight out of ten

496
00:30:25,720 --> 00:30:30,279
because it said I couldn't quote like frame by frame

497
00:30:30,319 --> 00:30:34,599
from the Suppruder film and that I didn't quote like

498
00:30:34,720 --> 00:30:39,039
the Warren Commission page number reports and stuff, but it

499
00:30:39,079 --> 00:30:40,200
said I knew my stuff.

500
00:30:41,599 --> 00:30:45,680
Speaker 1: So okay, two things about this. We know, even without

501
00:30:46,240 --> 00:30:48,839
this new stuff that came out, that LBJ and the

502
00:30:48,920 --> 00:30:51,960
CIA killed Kennedy. We know that, you know, and so

503
00:30:52,079 --> 00:30:57,000
this this is I mean, it's interesting to find out

504
00:30:57,480 --> 00:30:59,759
the documents that that's true, but we know they did it.

505
00:31:00,000 --> 00:31:04,559
The second thing is is Dallas Airport still Dallas Airport?

506
00:31:05,000 --> 00:31:05,279
Speaker 3: Yes?

507
00:31:05,559 --> 00:31:08,000
Speaker 1: Oh, they need to toast the Dallas name off of everything.

508
00:31:08,000 --> 00:31:12,160
That those people were monsters, The Dallas Brothers were this

509
00:31:13,000 --> 00:31:20,680
nightmarish pair of monsters who somehow got got real power

510
00:31:20,680 --> 00:31:25,279
in the US government. So yeah, okay, what is Reagan

511
00:31:25,920 --> 00:31:27,799
International Airport still an airport?

512
00:31:28,400 --> 00:31:30,480
Speaker 3: Yeah? So yeah, that was where they had the crash

513
00:31:30,680 --> 00:31:33,720
that's set and the other one's deep. Well, I think

514
00:31:33,759 --> 00:31:34,440
their symbols.

515
00:31:34,880 --> 00:31:38,599
Speaker 1: What about Handaday because I'm just trying to think of

516
00:31:38,640 --> 00:31:41,160
who we need to replace Dallas with on that Dallas

517
00:31:41,200 --> 00:31:45,119
International Airport. Yeah, because if it was if Kennedy doesn't

518
00:31:45,119 --> 00:31:47,960
have an airport anymore, then we should totally make it Kennedy.

519
00:31:49,000 --> 00:31:50,720
Speaker 3: Well, he's got an airport in New York.

520
00:31:51,240 --> 00:31:54,240
Speaker 1: But yeah, that's right, okay.

521
00:31:54,880 --> 00:31:59,960
Speaker 3: Yeah, And I was in Dallas so going to Europe

522
00:32:00,039 --> 00:32:03,279
to see my son, and you know, I was reading

523
00:32:03,359 --> 00:32:05,799
the plaques there. I should have taken some pictures of them.

524
00:32:06,079 --> 00:32:09,160
There's a whole plaque about you know how he was

525
00:32:09,319 --> 00:32:13,599
instrumental in building the airport and all this stuff and

526
00:32:13,759 --> 00:32:15,599
it's a pretty lousy airport.

527
00:32:16,160 --> 00:32:21,279
Speaker 1: Who was Dallas us was somehow involved? If Dallas built

528
00:32:21,319 --> 00:32:23,559
an airport, it was just a way to launder money,

529
00:32:23,680 --> 00:32:26,400
to use it to overthrow governments. And murder might be

530
00:32:26,440 --> 00:32:29,480
the other monsters. Yeah, well I think they work together.

531
00:32:31,200 --> 00:32:33,680
I think there's guilt by association there. So both the

532
00:32:33,759 --> 00:32:36,880
Dallas brothers ought to be erased from American history.

533
00:32:37,599 --> 00:32:41,480
Speaker 3: It's actually John Fuster Dulles that it was named after,

534
00:32:42,319 --> 00:32:47,000
and that's he was the Secretary of State, right, yeah,

535
00:32:47,039 --> 00:32:49,160
Alan Dallas Cia.

536
00:32:49,279 --> 00:32:50,759
Speaker 1: Yeah, he's the one who killed Kennaday.

537
00:32:51,559 --> 00:32:55,279
Speaker 3: Yes, So there was a reason why it was named

538
00:32:55,799 --> 00:32:59,799
to commemorate Dallas's legacy and establish Washington, d c. As

539
00:32:59,839 --> 00:33:07,160
a hub for international diplomacy and the commerce. So and

540
00:33:07,839 --> 00:33:11,000
it was built designed by the same guy who did

541
00:33:11,079 --> 00:33:18,359
the TWA terminal the Seagull in Kennedy, which they've kept

542
00:33:18,480 --> 00:33:21,200
kind of it. They turned it into a hotel. But

543
00:33:21,319 --> 00:33:24,359
what's interesting though, is that you got that flowing in

544
00:33:24,400 --> 00:33:28,160
the big windows and the light and everything. But it's

545
00:33:28,279 --> 00:33:32,200
kind of it really needs to be kind of totally

546
00:33:32,240 --> 00:33:35,319
removed and redone. But you know, we'll see what happens.

547
00:33:35,359 --> 00:33:38,160
But yeah, well we're at it, Let's get rid of

548
00:33:38,200 --> 00:33:42,759
the j Edgar Hoover building there for the FBI sends

549
00:33:42,799 --> 00:33:43,759
out the wrong signal.

550
00:33:43,880 --> 00:33:46,680
Speaker 1: You know, we need we need a museum of corruption

551
00:33:47,160 --> 00:33:48,880
where we can go and see because I mean, those

552
00:33:48,880 --> 00:33:52,960
are fascinating stories. Jay Egar Hoover deserves a whole wing

553
00:33:53,400 --> 00:33:57,480
of a of a museum of monsters, and so did

554
00:33:57,519 --> 00:33:59,519
the Dallas brothers. And you know that would be a

555
00:33:59,559 --> 00:34:03,759
fat that be one of the great tourist attractions of

556
00:34:03,799 --> 00:34:07,640
the world because people would come from everywhere love it,

557
00:34:07,920 --> 00:34:11,199
your have their opinion of the United States validated by,

558
00:34:11,719 --> 00:34:13,559
you know, seeing what all these monsters were up to.

559
00:34:14,639 --> 00:34:17,519
Speaker 3: We could set up an NGO to do this too.

560
00:34:17,679 --> 00:34:20,960
Speaker 1: Oh and funds some money. Yeah, fund it with money

561
00:34:20,960 --> 00:34:23,400
made up by the Fed. Yeah.

562
00:34:23,599 --> 00:34:27,519
Speaker 3: You know they have the Mob Museum in Vegas, so

563
00:34:27,559 --> 00:34:30,639
why not the Corrupt Politician Museum in DC.

564
00:34:30,800 --> 00:34:37,480
Speaker 1: It's just success. I mean Elon Musk and Cash Patel

565
00:34:37,800 --> 00:34:39,880
would probably want to do something like that. You know,

566
00:34:40,039 --> 00:34:42,119
they ever sat around and talked about it. They would

567
00:34:42,159 --> 00:34:42,880
come up with a plan.

568
00:34:43,679 --> 00:34:47,320
Speaker 3: And we got so much empty office space now in DC.

569
00:34:48,000 --> 00:34:51,159
I think maybe we take the USA Building and make

570
00:34:51,199 --> 00:34:56,199
that into the Smithsonian of Corruption, Right, I like it.

571
00:34:56,480 --> 00:34:57,719
I like I think we're for.

572
00:34:57,920 --> 00:35:02,400
Speaker 1: The the FBA, FBI headquarters one or the other, or

573
00:35:02,440 --> 00:35:04,559
they could be branches of the Yeah.

574
00:35:04,760 --> 00:35:08,039
Speaker 3: Well, the combination of corruption and deep state.

575
00:35:08,559 --> 00:35:13,559
Speaker 1: You know, yes, yeah, this is must You know that

576
00:35:13,559 --> 00:35:18,000
that is a campaign plank right there. Trump. Well Trump's

577
00:35:18,000 --> 00:35:20,519
not running again, but whoever runs next. If they say, hey,

578
00:35:20,599 --> 00:35:22,559
that's we're going to build this museum and put all

579
00:35:22,639 --> 00:35:26,000
their crazy monsters and yeah, they could win a lot

580
00:35:26,000 --> 00:35:27,159
of boats with that, I.

581
00:35:27,119 --> 00:35:30,199
Speaker 3: Got a better idea. How about if we stuck you

582
00:35:30,280 --> 00:35:35,079
and I start a GoFundMe campaign. What do you think

583
00:35:35,400 --> 00:35:36,039
you up for it?

584
00:35:38,800 --> 00:35:42,199
Speaker 1: I think that would be worth millions of dollars And

585
00:35:42,239 --> 00:35:45,239
then we would get assassinated, so we wouldn't get a

586
00:35:45,320 --> 00:35:47,199
chance to spend the money. That would be the problem.

587
00:35:47,480 --> 00:35:51,119
Speaker 3: But I have a great idea. As we're building museum,

588
00:35:51,719 --> 00:35:54,960
we pay out kickbacks to everybody. We make it an

589
00:35:55,000 --> 00:35:59,639
exercising corruption to build the Museum of Corruption. Yeah, just

590
00:35:59,639 --> 00:36:00,519
say we're going to do it.

591
00:36:00,599 --> 00:36:02,679
Speaker 1: We would tell everybody that yeah, okay, yeah, and we're

592
00:36:02,719 --> 00:36:06,039
going to bribe the congressman there you okay, and we'll

593
00:36:06,039 --> 00:36:06,559
go back.

594
00:36:06,760 --> 00:36:09,199
Speaker 3: I think, you know, we should go back in history

595
00:36:09,880 --> 00:36:13,960
and find the most corrupt people like Nero and how

596
00:36:13,960 --> 00:36:16,360
they stole and we could just go back and it.

597
00:36:16,880 --> 00:36:19,360
You know this, I know it might have to take

598
00:36:19,440 --> 00:36:24,039
several blocks sean to really honor it fairly.

599
00:36:24,039 --> 00:36:26,639
Speaker 1: Because just I mean just the US would be a

600
00:36:26,679 --> 00:36:29,039
city block, and if we if we went through the

601
00:36:29,079 --> 00:36:32,960
whole world, I mean that that would be a tourist

602
00:36:33,000 --> 00:36:35,599
attraction for the ages there. I mean it would it

603
00:36:35,599 --> 00:36:38,440
would generate billions of revenue every year.

604
00:36:38,599 --> 00:36:42,800
Speaker 3: So if we could sell gold cords for people for

605
00:36:43,000 --> 00:36:47,000
five million bucks to become a citizen, that's kind of brilliant,

606
00:36:47,039 --> 00:36:49,440
you know, because that's just that'll bring in a trillion

607
00:36:49,480 --> 00:36:52,880
dollars overnight. You just got to sell two hundred thousand

608
00:36:52,960 --> 00:36:53,280
of them.

609
00:36:53,519 --> 00:36:56,880
Speaker 1: I saw a headline that said they were selling pretty well. Yeah,

610
00:36:56,960 --> 00:37:02,360
did you see that in thousand? His? Uh? Okay? Because

611
00:37:02,639 --> 00:37:05,119
here's how I think I was a super rich guy

612
00:37:05,199 --> 00:37:08,639
in China or Russia or Brazil or someplace. I would

613
00:37:08,679 --> 00:37:13,119
I would give my college graduate kid a card like

614
00:37:13,159 --> 00:37:16,679
that as a graduation present because boom, you have. You're

615
00:37:16,719 --> 00:37:20,079
a dual citizen, will And I thought that would work

616
00:37:20,159 --> 00:37:20,559
right there.

617
00:37:21,079 --> 00:37:24,639
Speaker 3: I'll tell you a little story here in Jupiter, Florida.

618
00:37:25,000 --> 00:37:29,920
You've been you've been there. There is a development and

619
00:37:30,039 --> 00:37:33,039
it was put together by some maybe not the most

620
00:37:33,159 --> 00:37:37,719
reputable people, and they couldn't get financing. It was after

621
00:37:37,760 --> 00:37:41,960
the global financial collapse. So they went to d C

622
00:37:42,119 --> 00:37:45,800
and they got the EB five law changed because it

623
00:37:45,840 --> 00:37:49,039
didn't used to apply to real estate, which said if

624
00:37:49,079 --> 00:37:52,039
you put half a million bucks into a business and

625
00:37:52,119 --> 00:37:55,639
employed X number of people, you could get a green card.

626
00:37:56,280 --> 00:38:00,000
And they did this with two hundred investors for five

627
00:38:00,000 --> 00:38:03,159
five hundred grand each all right, which comes out to

628
00:38:03,199 --> 00:38:07,480
one hundred million. The project has never made any money

629
00:38:07,519 --> 00:38:10,960
because they made their money selling green cards, and this

630
00:38:11,079 --> 00:38:13,840
became a way of life for the government. So this

631
00:38:13,960 --> 00:38:17,599
is just an extension of that getting more money than

632
00:38:17,639 --> 00:38:20,840
it's worth. And you're some oligarch in Russia, or you're

633
00:38:20,960 --> 00:38:27,079
some guy in China who's stolen billions and you need

634
00:38:27,119 --> 00:38:30,559
your you need your bug app plan, right, you need

635
00:38:30,599 --> 00:38:33,559
your escape plan. You send your wife and kids there,

636
00:38:33,599 --> 00:38:37,159
which is what they're doing anyway. And the US citizenship

637
00:38:37,360 --> 00:38:39,639
really takes on a whole new meaning.

638
00:38:40,760 --> 00:38:44,119
Speaker 1: It becomes a brand man because you know exactly what

639
00:38:44,159 --> 00:38:47,400
you're getting when you buy that gold card. Whereas you

640
00:38:47,440 --> 00:38:51,679
know there are lots of invests for citizenship plans. It

641
00:38:51,719 --> 00:38:53,840
is like a one point five million one that gets

642
00:38:53,840 --> 00:38:57,000
you into the EU, but they don't have brand names.

643
00:38:57,400 --> 00:38:59,079
You know, you're just like, hey, we've got to call

644
00:38:59,159 --> 00:39:01,880
up Cyprus and see how that thing works. But with

645
00:39:02,320 --> 00:39:04,000
the US, it's like, I just want a gold card.

646
00:39:04,039 --> 00:39:06,840
You know, there's somebody you call. So there's a lot

647
00:39:06,960 --> 00:39:10,719
gesus for branding. Yeah he's good at branding. Yeah, it's

648
00:39:10,760 --> 00:39:11,440
his genius.

649
00:39:11,519 --> 00:39:14,039
Speaker 3: I mean, you know, they pay him all that money

650
00:39:14,639 --> 00:39:18,199
to uh, you know, put his name on buildings or

651
00:39:18,280 --> 00:39:21,920
they used to millions and millions of dollars. So, you know,

652
00:39:22,079 --> 00:39:25,360
the Trump gold card, I think it's got the right cachet.

653
00:39:25,440 --> 00:39:28,440
They supposedly have sold up ten thousand of them, which

654
00:39:28,519 --> 00:39:34,400
is like five hundred million bucks. Yeah, fifty billion, fifty billion. Yeah.

655
00:39:34,719 --> 00:39:37,960
Speaker 1: See that you make an the deficit when you do

656
00:39:38,039 --> 00:39:39,920
something like that, Like if they can knock up one

657
00:39:40,000 --> 00:39:43,920
hundred billion dollars a year off of the deficit, that's

658
00:39:44,159 --> 00:39:45,599
that's a noticeable difference.

659
00:39:45,719 --> 00:39:49,039
Speaker 3: You know. The way you do it, though, is it's

660
00:39:49,079 --> 00:39:52,920
a limited time offer. We're only selling x amount. This

661
00:39:53,000 --> 00:39:56,159
is the genius scarcity. If you don't get in now,

662
00:39:56,679 --> 00:39:58,159
we don't know if you're ever going to get in.

663
00:39:58,239 --> 00:40:00,239
And then of course you do it next year too,

664
00:40:00,559 --> 00:40:03,039
because it's too good a grift to let go. And

665
00:40:03,079 --> 00:40:07,519
you add in some tariff money and you know, pretty soon,

666
00:40:08,519 --> 00:40:11,039
you know, I have a theory, John, we'll just touch

667
00:40:11,079 --> 00:40:13,119
it briefly and we'll talk more about it next. I

668
00:40:13,159 --> 00:40:19,679
wrote an article about it. The US Strategic Crypto Reserve. Okay,

669
00:40:19,960 --> 00:40:24,039
they took two hundred thousand some odd coins from russ Albrick.

670
00:40:25,480 --> 00:40:30,119
They might have taken another several hundred thousand. Maybe they

671
00:40:30,159 --> 00:40:34,960
are holding a million bitcoin, all right, so right now

672
00:40:35,000 --> 00:40:41,519
that they say it's worth twenty billion. But if you know, Trump,

673
00:40:41,559 --> 00:40:45,920
the master marketer, gets everybody convinced that this thing is

674
00:40:45,960 --> 00:40:50,480
going to the moon, and it goes up another thousandfold thousand,

675
00:40:50,639 --> 00:40:55,000
you know times, which we saw it do, so you

676
00:40:55,000 --> 00:40:58,679
could create something out of nothing. Basically, this crypto has

677
00:40:58,719 --> 00:41:02,199
no value, but because everybody's behind it, all of a

678
00:41:02,239 --> 00:41:06,760
sudden and it can't make any more, it increases to

679
00:41:07,039 --> 00:41:10,599
ten million a coin. And then you say to all

680
00:41:10,639 --> 00:41:14,719
the bondholders, hey, we're not in the bond issuing paying

681
00:41:14,800 --> 00:41:20,639
business anymore, but here's some crypto for you, and you're

682
00:41:20,679 --> 00:41:23,039
getting If you take it now, you'll get one hundred

683
00:41:23,039 --> 00:41:25,440
and ten percent, but if you take it later, you'll

684
00:41:25,440 --> 00:41:29,960
only get ninety percent. Voila, our debt is paid off.

685
00:41:30,480 --> 00:41:32,920
Maybe they'll pay it out in Trump coin and Malania

686
00:41:33,039 --> 00:41:36,440
coin too. Well, that would be.

687
00:41:38,440 --> 00:41:40,880
Speaker 1: There would be chapters in future history books called the

688
00:41:41,199 --> 00:41:44,880
Great Pump and Dump Great US Pump and Dump, because well,

689
00:41:45,840 --> 00:41:48,840
the dump would be brutal if they did that, though, right,

690
00:41:48,960 --> 00:41:51,880
bills if you're under sucking ten trillion dollars out of somewhere.

691
00:41:52,519 --> 00:41:56,280
Speaker 3: Yeah, but you do it in such a way that

692
00:41:57,400 --> 00:41:59,880
you know you're going to retire it over a set

693
00:42:00,039 --> 00:42:07,239
period of time ten years, right, And you know everybody

694
00:42:07,239 --> 00:42:10,960
can elect ten percent. They can elect the first ten

695
00:42:11,000 --> 00:42:13,039
percent that says yes, and then you say, oh, we

696
00:42:13,159 --> 00:42:16,119
got such an overwhelming response, let's do thirty.

697
00:42:16,639 --> 00:42:16,880
Speaker 1: Right.

698
00:42:17,320 --> 00:42:20,480
Speaker 3: And then this I'm telling you John, It's like there's

699
00:42:20,519 --> 00:42:22,880
no other way that they can really ever pay this

700
00:42:23,039 --> 00:42:26,880
off except to create something that has no value and

701
00:42:26,920 --> 00:42:29,960
make it seem like it has infinite value and then

702
00:42:30,679 --> 00:42:34,599
use that to pay it off. I mean, it reminds

703
00:42:34,639 --> 00:42:37,360
me of an algebra question, which of course I was

704
00:42:37,400 --> 00:42:40,880
lousy at math and I never knew. But two companies

705
00:42:42,960 --> 00:42:46,039
want to go to this hotel and they have infinite

706
00:42:46,159 --> 00:42:49,159
numbers of salespeople they're going to have a convention there,

707
00:42:49,800 --> 00:42:55,639
and the hotel has an infinite number of rooms. How

708
00:42:55,639 --> 00:42:59,840
do you fit those two companies into it? Because you

709
00:42:59,880 --> 00:43:05,000
know it's infinite demand infinite supply. You know what the

710
00:43:05,039 --> 00:43:09,599
answer was, You alternate every other room. One goes to

711
00:43:09,639 --> 00:43:12,280
company A, one goes to company B. You have an

712
00:43:12,320 --> 00:43:15,800
infinite number of rooms and an infinite number of people.

713
00:43:15,840 --> 00:43:17,199
But that's how you fit them all in.

714
00:43:17,559 --> 00:43:22,960
Speaker 1: Okay, well, okay maybe, but I want an honest government

715
00:43:23,119 --> 00:43:26,519
someday I don't want to. I don't like the idea

716
00:43:26,519 --> 00:43:30,280
of that pump and dump, you know, the gold standard

717
00:43:31,519 --> 00:43:34,800
that we might have to go to. I'd rather just

718
00:43:34,840 --> 00:43:38,440
see that happen and be done honestly. But what are

719
00:43:38,440 --> 00:43:39,119
the odds of that?

720
00:43:39,239 --> 00:43:41,519
Speaker 3: You know that when you have to value gold at though,

721
00:43:41,760 --> 00:43:44,719
you can't value gold high enough to pay off the debt,

722
00:43:44,920 --> 00:43:45,320
can't be.

723
00:43:45,280 --> 00:43:48,679
Speaker 1: Done not to pay off the debt. Well, see that's

724
00:43:48,760 --> 00:43:50,679
the problem is what do we do with the debt

725
00:43:50,719 --> 00:43:52,559
as part of this, because we have to be able

726
00:43:52,599 --> 00:43:55,519
to pay it off somehow, someway. But we lower the

727
00:43:55,599 --> 00:43:58,920
value of the debt by raising the price of goal,

728
00:43:59,559 --> 00:44:03,239
and then you enrage the people who get screwed because

729
00:44:03,320 --> 00:44:06,519
they own the debt. And see, that's the battle of

730
00:44:06,639 --> 00:44:10,360
going to the gold standard, is that you have to

731
00:44:10,400 --> 00:44:13,719
screw over the people who trusted the government, and then

732
00:44:13,840 --> 00:44:18,400
you have to survive their anger afterwards. Storing the palace

733
00:44:19,039 --> 00:44:22,719
a and it's owners of government bonds, right, So it's

734
00:44:22,800 --> 00:44:25,440
high powered people and the people who he was easier,

735
00:44:25,480 --> 00:44:27,039
you definitely storm the government.

736
00:44:27,280 --> 00:44:30,400
Speaker 3: Yeah, it's easier to just pay him in crypto, honestly,

737
00:44:30,760 --> 00:44:33,400
and then you still have the gold. Hey, But by

738
00:44:33,440 --> 00:44:36,400
the way, we neglected one of the most important stories,

739
00:44:36,400 --> 00:44:39,280
which I've written a couple of articles about on Financial

740
00:44:39,320 --> 00:44:43,840
Survival Network and don't forget rabinosubstack dot com for John's

741
00:44:43,880 --> 00:44:51,559
latest articles. So they're going to audit the gold reserve.

742
00:44:52,599 --> 00:44:56,599
So this I talked with Craighamke about this. This automatically

743
00:44:56,679 --> 00:45:00,440
means that the gold is there, or something that looks

744
00:45:00,519 --> 00:45:04,000
like gold is there, because they would never open up

745
00:45:04,039 --> 00:45:06,719
the vaults. Because what would happen, John, if if we

746
00:45:06,800 --> 00:45:11,400
get there and the vaults are empty, that.

747
00:45:11,360 --> 00:45:13,800
Speaker 1: Would be the highest rated TV show of all time.

748
00:45:13,880 --> 00:45:18,840
That's for feel. Yeah, it could bring Geraldo back just

749
00:45:18,920 --> 00:45:20,719
for the showmanship part of it, you know, and let

750
00:45:20,800 --> 00:45:24,599
him actually find something. But you know, one of the

751
00:45:24,599 --> 00:45:26,840
big stories of the past month has been all the

752
00:45:26,880 --> 00:45:31,039
gold flowing from London to New York. And it could

753
00:45:31,079 --> 00:45:35,480
be that the US is restocking Fort Knox in anticipation

754
00:45:35,679 --> 00:45:38,039
of having to have the thing to audit it. So

755
00:45:38,280 --> 00:45:41,920
I mean that those two stories fit together pretty well.

756
00:45:42,320 --> 00:45:44,360
But you're right, they won't go. I don't think they'll

757
00:45:44,400 --> 00:45:47,199
go do it if their gold isn't there, because that

758
00:45:47,239 --> 00:45:51,239
would cause a major currency crisis here. I think it.

759
00:45:51,239 --> 00:45:55,079
Speaker 3: Would blow up the whole economic system, be gone dollars.

760
00:45:55,119 --> 00:45:57,760
Speaker 1: You know what it would do, though, was it would

761
00:45:57,800 --> 00:46:04,079
guarantee Trump's reputation Haiti forever, because that's such a brave

762
00:46:04,199 --> 00:46:06,360
thing to do. Like, look, we've been screwing up, but

763
00:46:06,400 --> 00:46:09,000
we're just gonna admit it here. I'm going to be

764
00:46:09,000 --> 00:46:10,880
the one who's going to tell you the truth. And

765
00:46:11,119 --> 00:46:15,519
of course he would probably die the next day, but still,

766
00:46:15,679 --> 00:46:19,480
you know, his reputation, his legacy would be assured. But

767
00:46:19,880 --> 00:46:23,480
but yeah, you know, there's so much interesting stuff happening

768
00:46:23,599 --> 00:46:28,119
right now. We haven't even talked about the Epstein files.

769
00:46:28,119 --> 00:46:31,000
They're promising, yeah, next time.

770
00:46:31,000 --> 00:46:33,880
Speaker 3: We got Hey, we've like come a long way here.

771
00:46:33,920 --> 00:46:36,960
We paid off the national debt and we got a

772
00:46:37,039 --> 00:46:39,960
museum of corruption. I mean, I think we've done enough

773
00:46:39,960 --> 00:46:44,719
for this show, John, the Museum of corruption. Man that is,

774
00:46:46,199 --> 00:46:47,719
I'm going to start a gofund me camp.

775
00:46:47,840 --> 00:46:49,559
Speaker 1: Don't help my name on that. I don't want to know.

776
00:46:50,960 --> 00:46:55,719
Speaker 3: We'll use pseudonyms. You know, I'm good at that all right? Hey,

777
00:46:55,920 --> 00:47:00,480
subs so rabino, substack dot com. Financial Survival Network dot com.

778
00:47:00,599 --> 00:47:03,559
The link is there. Sign up for our newsletter, John.

779
00:47:03,639 --> 00:47:04,880
We'll talk to you in a few weeks.

780
00:47:05,239 --> 00:47:06,079
Speaker 1: Thanks, carry see you.

781
00:47:06,599 --> 00:47:10,760
Speaker 2: Thanks for listening to Carrie Letz's Financial Survival Network, your

782
00:47:10,840 --> 00:47:14,679
solution to today's trying times. For the latest, go to

783
00:47:14,840 --> 00:47:21,079
Financial Survivalnetwork dot com. Financial Survival Network now more than ever,