Speaker 1: What do we do with the debt as part of this,
because we have to be able to pay it out somehow, someway.
But we lower the value of the debt by raising
the price of gold. Yeah, and then you enrage the
people who get screwed because they own the debt. And see,
that's the battle of going to the gold standard is
that you have to screw over the people who trusted
the government, and then you have to survive their anger.
Speaker 2: You are listening to Carrie Letz's Financial Survival Network, where
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Speaker 3: And welcome you are listening to and watching the Financial
Survival Network. I'm your host, Carrie Lutz. John Rabino is
back with us, and boy have we got a lot
of stuff to talk about here, John, I mean so
much for intros here. First, we kind of got brought
together by gold and gold is over three thousand bucks.
I'm sure they're going to knock it down below maybe
they'll get it down to twenty eight hundred. But as
you noted, gold and copper had both hit all time
highs this month.
Speaker 1: Yeah, hey, Carrie, in the past month, gold and copper
both went and you know, you can put a chart
out going to the from the like nineteen eighties, nineteen
seventies to today, and it is a phenomenally good looking
bull market, even though it didn't always feel like that
for us, right there were these long stretches where where
that was one of the most golden for instance, was
one of the most boring things to be in and
what it is deplantment. But you know, you look at
that long term chart and this was a rock and
bull market for all of this century for sure. You know,
since two thousand, gold has outperformed the S and P
five hundred, which you how many people would guess that
after this epic equities bull market that we've seen so far,
and then copper is starting to come around. People are
finally figuring out the copper is not this boring, old
old tech thing. It's an energy metal, you know, it's
an energy transition commodity that we have to have if
AI is actually going to be a big force in
the world going forward, because ais require massive ANNs of electricity.
Can't get that without copper. So anyhow, the mining stocks
are finally starting to respond to this long, kind of
secretive gold bull market and the kind of sudden one
with copper. And it turns out that the best profile
for mining stock is copper slash gold. Right. You know,
if you have those two things now, you're getting very
wide profit margins because every ounce or pound or whatever
of whatever you're selling is becoming more valuable. You're getting
more cash, and your costs aren't really going up recently
because oil has gone down in the last year, went
from eighty some dollars a barrel to sixty some dollars
a barrel recently, and that means mining, which is an
energy intensive business, didn't get more expensive in the past year,
or at least not way more expensive. So you're seeing
these wide profit margins and first quarter earnings this year
are going to be excellent because gold went up again
in the first quarter, and that means that a lot
of the good quality gold and silver and copper miners
are going to put up excellent numbers, and maybe the
kind of numbers that show up on the radar screens
of momentum investors. So you get momentum investing money coming
into what has been a kind of a special list
value oriented investing community that's very small, very thinly traded.
You know, you could see a lot of action going
forward because of that. And I'm doing a subsect post
on one of the stocks that really benefits from this.
And to give an example here, Sandstorm Goal is a
royalty company that a few years ago made a big
acquisition to guarantee its growth for the next decade. But
it took on a massive amount of debt in the process,
and that debt has been weighing them down. You know,
they've been whittling it at it, but they haven't gotten
it paid off yet. But now people are looking at
that stock and going wow. You know, with their margins
widening out, you know, they make like twenty five hundred
dollars per ounce of gold that they sell, they're going
to be able to really take a bite out of
that debt, which means their interest costs are going to
go down, which means their cash flow is going to
go up because of interest costs and because they're selling
more gold. And it turns out a lot of copper too,
So suddenly this is the profile of the stock that
you really want to own after you know, three or
four years of just languishing. I think there's a lot
of that going on in the precious metal sector right now,
where you know, boring companies that just didn't look that interesting,
we're putting up that grade of numbers or anything. Suddenly,
you know, in the fourth quarter of twenty twenty four,
now the first quarter of twenty twenty five look like
growth stocks. So I think this is if we avoid
that correction that you mentioned as a real possibility. You know,
if gold doesn't drop back down to twenty five hundred
dollars an ounce, we're copper down to four fifty pounds.
I think a lot of these stocks are going to
be treated like growth stocks by the investment community, and
they're going to have a really nice run.
Speaker 3: And you know, at the same time, the majors we
got depleting reserves, dwindling reserves, and eminem has to heat
up because otherwise, at some point five years down the road,
their production's going to fall off a cliff and that
will cause you know, a lot of turmoil in these companies.
So they got to start buying again soon. You know,
it's funny that you mentioned the S and P. I
actually had chat GPT. I said, come up with a chart.
Show me the relative rates of return since nineteen ninety nine,
which was when I started buying gold. All right, it
had it down at like two ninety I think I
bought it to eighty. And show me silver and S
and P five hundred and then tech stocks, you know
the top five. Now, gold was somewhere around nine and change.
Percent was seven and a half percent. The S and P,
believe it or not, was only five percent. I think
that that was a little bit more. That means even
with dividends, the and P did not out left warm gold.
I didn't calculate on but I did do total returns
to that included dividends, and the tech stocks were like
for that twenty five year period were at seventeen and change.
But then I did it for the past five years.
So obviously gold was up to like eleven percent or something,
and silver was up the tech stops were yielding thirty
plus percent. I didn't even bother doing it with bitcoin
because yeah, I was gonna say point, you know, it
just goes but exactly what you're saying is exactly it. Now.
You know, obviously there was a lot of periods there
where gold was underperforming or not performing and the stock
market was over performing. But it just amazed me when
I ran that chort how it normalized John over that
twenty five year period.
Speaker 1: M hm. Yeah. And you know that chart that you
ran is basically a portrait of an over liquefied economy.
They were they were dumping so much new money into
the banking system and the rest of the economy that
basically everything caught a bid and everything went up. You know,
so they went up by varying amounts, but still that
those multi trillions of dollars of new credit that the
US government was creating and that the Japanese and Chinese
and European governments were all creating, that flowed into financial
assets and to a lesser extent, real asset. I mean,
you know, real estate went through the group too. If
you put house prices that it would have been right
there with tech stocks just.
Speaker 3: About I'll go at the house and I will run
that short, y'all post it in the show notes.
Speaker 1: Yeah. Good. And so what that means though, is that
going forward some of these overvalued assets have to crash.
And historically, when tech stocks have a decade of thirty
percent plus annual games, they go they join the ninety
percent club, you know, they just fall off the table.
Speaker 3: Xerox ibm oh yeah.
Speaker 1: I mean Amazon went down by ninety percent in between
two thousand and two thousand and two. So even the
really high quality tech stocks get so wildly overvalued. When
we you know, when a new technology catches our eye
and we decide that it's going to change the world
and it's going to go up forever, and we can
pay anything for the related stocks, you know, the stocks
get so overvalued that they can drop by fifty percent
and just be fairly valued again. But they never stop
at fifty percent. They have to keep on going down
to the depths of despair. And I think there's a
decent chance that that's the NASDAC over the next few years,
you know, but doubt you know, with what governments are doing, though,
it's very hard to predict because this is not completely
this is not very similar to these older market bubbles
and bursting bubbles and bus because we've already taken on
this insane amount of debt. So Normally, historically you had
to work that debt off via a huge crisis, but
this time around, nobody's playing that game. China just increased
their money supply parabolically. It just went straight up, So
they're they've got a real estate bust that they're trying
to liquify their way out of Europe was already well,
at least France was just refusing to obey the European
Union deficit rules. They were borrowing way more money than
they were allowed to. And now that the US has
apparently abandoned NATO, you got Germany and France and a
lot of the rest of Europe embarking on this massive
military build up. And they're going to exempt military spending
from the deficit caps. So they're still going to keep
to their deficit caps, except they're going to spend way
more money over here off but off balance sheet, And
so we've got this massive wave of governmental liquidity. Oh
and of course the US we're running two trillion dollar
deficits and the first five months of this fiscal year
was a record high deficit for the US. No crisis,
no war or anything, we just were running record high deficits.
So what does that do to financial assets. That's an
amazing amount of liquidity. You would think it would be
very inflationary and it would crush the currencies, but it
might elevate a lot of really speculative kinds of momentum stocks.
So we'll see.
Speaker 3: You know, this is.
Speaker 1: A really hard call based on history, because you've got
things pointing in different directions. And I don't really have
an answer for that, except that I think gold and
silver are going to do real well. They should be
one of the beneficiary. It's precious metals going forward.
Speaker 3: Trump is a good for metals, that's for sure.
Speaker 1: Yeah, And so the question is, I mean, this is
too early for us to start talking about this, but
you and I are going to have a recurring topic
at some point, which is when should you start taking
profits in precious metals related assets. And so I'll just
tell you my strategy right now is that, like you said,
the big guys have to buy out the little guys
to top up their reserves. So own a portfolio, which
is a big cross section of the mining industry, and
when a big guy buys your smaller player, take that
out in cash, you know, just cash out of that.
Don't wait for the big guy's stock to hit your account.
Just cash out and let the market tell you how
to build up cash. The acquisition binge and so you
don't really if you make that your rule, you don't
really have to think about whether this little explorer should
be worth one billion or three point five billion or what,
you know, whatever you could which you can't. You can't
calculate that. You can't really figure out what those things
are worth. But if Numont thinks it's worth two billion
and they're going to, you know, give you Numont stock
that reflects that, then you just sell the stock on
the day of the announcement. So anyhow, little strategy.
Speaker 3: And historically they haven't been too good in these investments.
The majors, you know, some of them worked out really well.
But but if they bought a lot of garbage the left.
Speaker 1: Yeah, because you know, during precious metals were markets, they
have massive cash flow. And what CEO can just sit
on a huge and rising cash flow stream, you know,
it burns a hole in their pocket. They start building
empires and they pay for acquisitions. So let the big
guys overpaying be your signal to start raising cash. And
there have been very few acquisitions in my portfolio so far.
Silvercrest Metals got bought out just lately. But that's it,
I think, you know. So I'm looking forward to writing
some substack posts with titles like our third Acquisition, our
fourth acquisition. You know when when they start getting bought out.
Speaker 3: It's amazing, amazing. So what about doge Can you believe
the amount of fraud that is present? I mean, we
knew it was there, we just didn't know perhaps how
extreme a grift it was. And all these senators, wives
or head of NGOs which are getting billions from the
government and all the you know, all the social agendas
that this money was going into DEI and you know,
is insane.
Speaker 1: Well, it turns out here's how it works. Well, start
with the basic premise, which is that the federal government
is a big money laundering operation. That's basically the thing
that they figured out how to do. So they created
this constellation of entities that are related to the government
in some way. You know, Let's say you graduate from
Georgetown and you can go be a congressional aid for
a while. Then you hop over to a consultant that
works for government or to a lobbyist, and then you
go to a think tank for a while, and then
you go to an NGO like the ones that are
funded by USAID, and you spend some time overthrowing foreign
governments in other countries. And at each stop you get
a nice salary, you get an impressive title. You do
zero work that benefits society in any way. So it's
basically a series of syndicures. And at the end of
your career, you know, forty years later, you retire and
everybody's impressed with all the titles you had. You made
a ton of money, so you're rich, but you accomplish
nothing for society.
Speaker 3: Yeah, zero and yeah, and that actually is worse than nothing.
Speaker 1: Oh wait and yeah. And along the way, you kick
back a lot of this money by contributing to political
campaigns of the senators and congressman who funded you in
the first place. So it's a kind of a closed
loop where we create the money out of thin air,
and then we redistribute it via this money laundering operation.
And that is what DOGE is showing us. You know,
all these things that Stacy Abraham's thing. Did you see that?
Speaker 3: Oh my god, If she's worth two billion, then you
and I are worth a trillion.
Speaker 1: You know that that lady has never done anything. She
she ran in a couple of elections and lost, and
she's written a couple of you know, kind of bodice
ripper romance novels and that's it. But they gave her
two billion dollars, just created out of thin air, because
why not. You know, it's all funny money anyhow, it's
all play money. And now she got caught, so they
took that money away.
Speaker 3: Yeah, they Claudewack twenty billion from the What does she
know about the environment?
Speaker 1: You know, well, I mean the EPA. Yeah, that twenty
billion from the EPA. They just handed it out to
entities that didn't even exist before they started handing it out.
They just made up a website and then gave that
website billions of dollars with the promise that that website
would spend that money on environmental related things in the
future at some point. But see, with these NGOs, it's
really important to understand how these things work because it
sounds like, you know, you look up their website or
some other explanation of what they do, and it looks
like they're above board charities. What they do is they
take in a bunch of money. They pay the salaries
of people who work for it, and then they pay
out maybe ten percent of what they took in to
the actual beneficiaries, you know, to the people who are
being helped in theory. So it's basically just the jobs
program for people from the political class and the expert class.
So it's someplace where they can sit while their party
is out of power, so they don't broke, they can
still eat while the while the Democrats are out of power.
The republic and you know this is bi bartisan. The
Republicans a bunch of this stuff too, which is which
is why Doge is. You know, it was a dangerous
thing for Elon Musk to do because there are Republicans
as well as Democrats who would love to see him
get a bullet in the head right now, you know,
because he's threatening everybody's grift. Well, it's a bigger Democrat
thing than a Republican thing. So if Doge just shuts
down the whole pipeline, you know says okay from now on,
governments send zero money to NGOs. If they did that,
that would hurt more Democrats than Republicans. So there is
a political angle to it.
Speaker 3: It's like us AID used to be an equal opportunity grift.
They were equally stealing from it, but not in these numbers.
You know, the grift was always there, but now it's metastasized,
you know, the vampire squid where they're just stealing so
much that the whole thing's collapsing. So it's going to
be interesting to see. Because Musk is convinced he can
cut a trillion dollars off, I sur I'd be surprised
if he didn't do more than that. But what about
the courts, like the whole agenda, the whole Trump agenda.
These renegade judges are just trying to derail. It's going
to have to go to the Supreme Court. Who knows
about those people, certain members of the court, But you know,
eventually Trump is going to have to say no, mas,
I'm not going to listen to you guys, and then
we are going to have the constitutional crisis.
Speaker 1: Yeah. Trump can't say no to the Supreme Court, especially
a conservative Supreme Court. So well, what he's doing now,
he's trying everything you can think of and letting it
go to lower courts with the idea of you get
it up to the Supreme Court, and they'll let us
do some of this stuff, you know, because I don't
think they know ahead of time what they're going to
be doing a year from now, but they they are.
They're just throwing everything out, letting the courts decide which
kinds of corruption they go after and the mechanism for
going out, because you know, if you want to send
illegal immigrants back, there is a process. It's just slow
and expensive. And Trump wants to be able just to
round up anybody who looks like they might be dodgy,
put them on a plane, and send them to a Salvador,
to an l Salvador in prison. Now that, yes, see,
he probably can't get away with that because there will
be there will have to be some kind of a process.
But he wants to figure out how much of this
he can get away with and how much of a
process he has to put up with when the time comes.
So that's what I think is going to happen is
a lot of these court cases are going to go
to the Supreme Court. The Supreme Court is going to
kind of pick and choose the ones that they're going
to let Trump do, and then Trump and Doge will
just do those things, you know, and then and they'll
use the things there not allowed to do as campaign
arguments in the midterm elections. You know, they'll say, man, I,
you know, we got a lot done, but we could
get so much more done if you just help us
replace all these bad judges with good judges. You know,
that could be another thing they run on in the
congressional elections in the midterms.
Speaker 3: So it's going to be interesting, I think, to the.
Speaker 1: Extent that there's a plan, that's what the plan is,
it's definitely going to be interesting to see how this goes.
Speaker 3: I mean, the process for deporting aliens is so unwieldy,
you know, this due process thing which they there is
no reading of the or proper interpretation the Constitution that
says these illegal aliens, especially criminal ones, have the right
to stay here.
Speaker 1: It's just not that's actually question. It'll be interesting to
see this question be answered, which is does somebody who's
here illegals have the protection of the Bill of Rights, Like,
do they actually have rights here or can they just
be picked up off the street flown to some other country.
And some of the courts right now sounds like they're
saying yes, they have a rate to some kind of
due process, and then that's going to go to the
Supreme Court. And the Supreme Court is six to three
conservative in theory, but John Roberts is not necessarily conservative
in practice, and that brings it to five to four.
And then what's the woman with the high voice, the
conservative Barret a Cony Barrett. Yeah, she's she can be
kind of a swing vote too. So none of this
is guaranteed. But you know, when you start with a
six to three quasi conservative majority, some stuff ought to
be possible. You know, Trump should get a win on
some of these things.
Speaker 3: The public though, let's not underplay the public's sentiment here.
According to some of these surveys, seventy eighty percent are
in favor of tossing these you know, reprobates that have
come in from all over the world to rape steel
and pillage. You know, seventy eighty percent. It's the Supreme
Court is going to have a really hard time ignoring
the public's will here.
Speaker 1: Well, see, you don't want the Supreme Court to be
watching polls though, right. You want them to make as
objective as possible a judgment based on the Constitution, because
once they start doing what's popular and then it goes
really badly for conservatives and a lot of issues too.
Speaker 3: You know, but we'll see, FDR. You know. Yeah, well,
I mean this resisted and eventually they gave in.
Speaker 1: So yeah, well, I mean after we are tried to
stack the court too, which he failed at. You know,
he tried to add a whole bunch of new justices,
which is that's liable to be a platform planning for
the Democrats in the next election. I mean, if the
Supreme Court rules for Trump on a lot of these issues,
then the Democrats will run on a program of stacking
the court too. You know, we're going to have three
more justices next time where we have a president. People
will like that. I mean, that's popular with thirty percent
of the population, so sure, we'll see. I mean, things
like that will be argued. It's a horrible idea. I mean,
if everybody who takes power, every party just kind of
redesigns the Supreme Court to reflect their values, and then
the next party does the same thing that that's a nightmare.
So we'll see.
Speaker 3: Man, you have one hundred judges, have one hundred judges
on the Supreme Court. They won't be able to agree
on any to.
Speaker 1: Be like like elected office.
Speaker 3: Yeah, nine is optimal because other lower courts have a
lot more judges, lower appellate courts and especially the circuit courts,
and it gets very difficult for them to achieve a
consensus about anything. So this is going to be really
fascinating to watch. They're going to have to give in,
i believe, to most of Trump's program here. Certainly they
can't justify. You know, we have this Impoundment Act where
Congress basically took the purse strings away from the president
back when Nixon was in the process of being impeached.
They're going to have to walk that back because you
can't say, like if Congress says we're going to build
a giant pit in the middle of the you know, Colorado,
and then we're going to take as much cash as
we possibly can, throw it in that pit and light
it on fire, you know, at some point the court
cannot allow this.
Speaker 1: Yeah, I mean, this is going to be a really
interesting constitutional year where we get to hear some really
high level arguments. I'm looking forward to it because that
stuff is fascinating. You know, does the Constitution allow you
to do this and what is the language and how
do you interpret the language? And what did what did
previous courts say about this? I think that's interesting and
it's going to be fun this time. But but yeah,
the whole Okay, the President is in charge of the
executive branch, but Congress is in charge of what the
executive branch spends money on. Now, you can't have both
of those things be completely true, right, So somehow they're
going to have to sort that out. And like the Okay,
the executive branch is allowed to decide how much these
guys spend and to close down categories of the executive
branch if they want to. You know, you can can
can Trump closed down, for instance, the Education Department because
it's it's within the realm of the executive branch, but
Congress funded it. You know, what's the answer to that
is going to be yeah, yeah, So what does the
Supreme Court say about that? And if it's if it
comes down hard on either side, then that opens the
floodgates for whichever side wins to just go to town
do anything they want to.
Speaker 3: All right, So talking about us AID, which isn't really
what it's about, but we had the release of the
Kennedy files, which nobody's gotten through. But there's a couple
of interesting tidbits. But one of the things of interest,
there's a lady named Ruth Payne and she was instrumental.
Without her, the assassination could not have happened. And it's
been speculated that she's Cia. Her her family was like
buddy buddy with the Alan Foster Dulles, and you know,
she was ejected from Nicaragua during the contract whole thing.
You know, it's it's fascinating. So the point is like,
nothing really earth shattering. No smoking guns have come out yet,
but we haven't gotten everything yet either. So but the
fact that they're releasing all this stuff and it's laden
with the agency disinformation too. So I had a discussion
with GROC about it, you know, and I basically convinced
Groc that the company was involved. Rock is now ninety
nine percent sure that the company was involved. Whereas first
it's given me a line of garbage like maybe this
and who knows, and then I press to go down
the list of characters. It was the most fascinating thing
you ever saw, John. It fast sounds fascinating.
Speaker 1: I didn't know you could have a conversation that changes
in AI's mind, and then it's grouk out there now
telling this stuff to other people who ask about it,
like this is youerr okay? Then yeah, okay.
Speaker 3: So I asked it to rate my knowledge of the
Kennedy assassination. It gave me an eight out of ten
because it said I couldn't quote like frame by frame
from the Suppruder film and that I didn't quote like
the Warren Commission page number reports and stuff, but it
said I knew my stuff.
Speaker 1: So okay, two things about this. We know, even without
this new stuff that came out, that LBJ and the
CIA killed Kennedy. We know that, you know, and so
this this is I mean, it's interesting to find out
the documents that that's true, but we know they did it.
The second thing is is Dallas Airport still Dallas Airport?
Speaker 3: Yes?
Speaker 1: Oh, they need to toast the Dallas name off of everything.
That those people were monsters, The Dallas Brothers were this
nightmarish pair of monsters who somehow got got real power
in the US government. So yeah, okay, what is Reagan
International Airport still an airport?
Speaker 3: Yeah? So yeah, that was where they had the crash
that's set and the other one's deep. Well, I think
their symbols.
Speaker 1: What about Handaday because I'm just trying to think of
who we need to replace Dallas with on that Dallas
International Airport. Yeah, because if it was if Kennedy doesn't
have an airport anymore, then we should totally make it Kennedy.
Speaker 3: Well, he's got an airport in New York.
Speaker 1: But yeah, that's right, okay.
Speaker 3: Yeah, And I was in Dallas so going to Europe
to see my son, and you know, I was reading
the plaques there. I should have taken some pictures of them.
There's a whole plaque about you know how he was
instrumental in building the airport and all this stuff and
it's a pretty lousy airport.
Speaker 1: Who was Dallas us was somehow involved? If Dallas built
an airport, it was just a way to launder money,
to use it to overthrow governments. And murder might be
the other monsters. Yeah, well I think they work together.
I think there's guilt by association there. So both the
Dallas brothers ought to be erased from American history.
Speaker 3: It's actually John Fuster Dulles that it was named after,
and that's he was the Secretary of State, right, yeah,
Alan Dallas Cia.
Speaker 1: Yeah, he's the one who killed Kennaday.
Speaker 3: Yes, So there was a reason why it was named
to commemorate Dallas's legacy and establish Washington, d c. As
a hub for international diplomacy and the commerce. So and
it was built designed by the same guy who did
the TWA terminal the Seagull in Kennedy, which they've kept
kind of it. They turned it into a hotel. But
what's interesting though, is that you got that flowing in
the big windows and the light and everything. But it's
kind of it really needs to be kind of totally
removed and redone. But you know, we'll see what happens.
But yeah, well we're at it, Let's get rid of
the j Edgar Hoover building there for the FBI sends
out the wrong signal.
Speaker 1: You know, we need we need a museum of corruption
where we can go and see because I mean, those
are fascinating stories. Jay Egar Hoover deserves a whole wing
of a of a museum of monsters, and so did
the Dallas brothers. And you know that would be a
fat that be one of the great tourist attractions of
the world because people would come from everywhere love it,
your have their opinion of the United States validated by,
you know, seeing what all these monsters were up to.
Speaker 3: We could set up an NGO to do this too.
Speaker 1: Oh and funds some money. Yeah, fund it with money
made up by the Fed. Yeah.
Speaker 3: You know they have the Mob Museum in Vegas, so
why not the Corrupt Politician Museum in DC.
Speaker 1: It's just success. I mean Elon Musk and Cash Patel
would probably want to do something like that. You know,
they ever sat around and talked about it. They would
come up with a plan.
Speaker 3: And we got so much empty office space now in DC.
I think maybe we take the USA Building and make
that into the Smithsonian of Corruption, Right, I like it.
I like I think we're for.
Speaker 1: The the FBA, FBI headquarters one or the other, or
they could be branches of the Yeah.
Speaker 3: Well, the combination of corruption and deep state.
Speaker 1: You know, yes, yeah, this is must You know that
that is a campaign plank right there. Trump. Well Trump's
not running again, but whoever runs next. If they say, hey,
that's we're going to build this museum and put all
their crazy monsters and yeah, they could win a lot
of boats with that, I.
Speaker 3: Got a better idea. How about if we stuck you
and I start a GoFundMe campaign. What do you think
you up for it?
Speaker 1: I think that would be worth millions of dollars And
then we would get assassinated, so we wouldn't get a
chance to spend the money. That would be the problem.
Speaker 3: But I have a great idea. As we're building museum,
we pay out kickbacks to everybody. We make it an
exercising corruption to build the Museum of Corruption. Yeah, just
say we're going to do it.
Speaker 1: We would tell everybody that yeah, okay, yeah, and we're
going to bribe the congressman there you okay, and we'll
go back.
Speaker 3: I think, you know, we should go back in history
and find the most corrupt people like Nero and how
they stole and we could just go back and it.
You know this, I know it might have to take
several blocks sean to really honor it fairly.
Speaker 1: Because just I mean just the US would be a
city block, and if we if we went through the
whole world, I mean that that would be a tourist
attraction for the ages there. I mean it would it
would generate billions of revenue every year.
Speaker 3: So if we could sell gold cords for people for
five million bucks to become a citizen, that's kind of brilliant,
you know, because that's just that'll bring in a trillion
dollars overnight. You just got to sell two hundred thousand
of them.
Speaker 1: I saw a headline that said they were selling pretty well. Yeah,
did you see that in thousand? His? Uh? Okay? Because
here's how I think I was a super rich guy
in China or Russia or Brazil or someplace. I would
I would give my college graduate kid a card like
that as a graduation present because boom, you have. You're
a dual citizen, will And I thought that would work
right there.
Speaker 3: I'll tell you a little story here in Jupiter, Florida.
You've been you've been there. There is a development and
it was put together by some maybe not the most
reputable people, and they couldn't get financing. It was after
the global financial collapse. So they went to d C
and they got the EB five law changed because it
didn't used to apply to real estate, which said if
you put half a million bucks into a business and
employed X number of people, you could get a green card.
And they did this with two hundred investors for five
five hundred grand each all right, which comes out to
one hundred million. The project has never made any money
because they made their money selling green cards, and this
became a way of life for the government. So this
is just an extension of that getting more money than
it's worth. And you're some oligarch in Russia, or you're
some guy in China who's stolen billions and you need
your you need your bug app plan, right, you need
your escape plan. You send your wife and kids there,
which is what they're doing anyway. And the US citizenship
really takes on a whole new meaning.
Speaker 1: It becomes a brand man because you know exactly what
you're getting when you buy that gold card. Whereas you
know there are lots of invests for citizenship plans. It
is like a one point five million one that gets
you into the EU, but they don't have brand names.
You know, you're just like, hey, we've got to call
up Cyprus and see how that thing works. But with
the US, it's like, I just want a gold card.
You know, there's somebody you call. So there's a lot
gesus for branding. Yeah he's good at branding. Yeah, it's
his genius.
Speaker 3: I mean, you know, they pay him all that money
to uh, you know, put his name on buildings or
they used to millions and millions of dollars. So, you know,
the Trump gold card, I think it's got the right cachet.
They supposedly have sold up ten thousand of them, which
is like five hundred million bucks. Yeah, fifty billion, fifty billion. Yeah.
Speaker 1: See that you make an the deficit when you do
something like that, Like if they can knock up one
hundred billion dollars a year off of the deficit, that's
that's a noticeable difference.
Speaker 3: You know. The way you do it, though, is it's
a limited time offer. We're only selling x amount. This
is the genius scarcity. If you don't get in now,
we don't know if you're ever going to get in.
And then of course you do it next year too,
because it's too good a grift to let go. And
you add in some tariff money and you know, pretty soon,
you know, I have a theory, John, we'll just touch
it briefly and we'll talk more about it next. I
wrote an article about it. The US Strategic Crypto Reserve. Okay,
they took two hundred thousand some odd coins from russ Albrick.
They might have taken another several hundred thousand. Maybe they
are holding a million bitcoin, all right, so right now
that they say it's worth twenty billion. But if you know, Trump,
the master marketer, gets everybody convinced that this thing is
going to the moon, and it goes up another thousandfold thousand,
you know times, which we saw it do, so you
could create something out of nothing. Basically, this crypto has
no value, but because everybody's behind it, all of a
sudden and it can't make any more, it increases to
ten million a coin. And then you say to all
the bondholders, hey, we're not in the bond issuing paying
business anymore, but here's some crypto for you, and you're
getting If you take it now, you'll get one hundred
and ten percent, but if you take it later, you'll
only get ninety percent. Voila, our debt is paid off.
Maybe they'll pay it out in Trump coin and Malania
coin too. Well, that would be.
Speaker 1: There would be chapters in future history books called the
Great Pump and Dump Great US Pump and Dump, because well,
the dump would be brutal if they did that, though, right,
bills if you're under sucking ten trillion dollars out of somewhere.
Speaker 3: Yeah, but you do it in such a way that
you know you're going to retire it over a set
period of time ten years, right, And you know everybody
can elect ten percent. They can elect the first ten
percent that says yes, and then you say, oh, we
got such an overwhelming response, let's do thirty.
Speaker 1: Right.
Speaker 3: And then this I'm telling you John, It's like there's
no other way that they can really ever pay this
off except to create something that has no value and
make it seem like it has infinite value and then
use that to pay it off. I mean, it reminds
me of an algebra question, which of course I was
lousy at math and I never knew. But two companies
want to go to this hotel and they have infinite
numbers of salespeople they're going to have a convention there,
and the hotel has an infinite number of rooms. How
do you fit those two companies into it? Because you
know it's infinite demand infinite supply. You know what the
answer was, You alternate every other room. One goes to
company A, one goes to company B. You have an
infinite number of rooms and an infinite number of people.
But that's how you fit them all in.
Speaker 1: Okay, well, okay maybe, but I want an honest government
someday I don't want to. I don't like the idea
of that pump and dump, you know, the gold standard
that we might have to go to. I'd rather just
see that happen and be done honestly. But what are
the odds of that?
Speaker 3: You know that when you have to value gold at though,
you can't value gold high enough to pay off the debt,
can't be.
Speaker 1: Done not to pay off the debt. Well, see that's
the problem is what do we do with the debt
as part of this, because we have to be able
to pay it off somehow, someway. But we lower the
value of the debt by raising the price of goal,
and then you enrage the people who get screwed because
they own the debt. And see, that's the battle of
going to the gold standard, is that you have to
screw over the people who trusted the government, and then
you have to survive their anger afterwards. Storing the palace
a and it's owners of government bonds, right, So it's
high powered people and the people who he was easier,
you definitely storm the government.
Speaker 3: Yeah, it's easier to just pay him in crypto, honestly,
and then you still have the gold. Hey, But by
the way, we neglected one of the most important stories,
which I've written a couple of articles about on Financial
Survival Network and don't forget rabinosubstack dot com for John's
latest articles. So they're going to audit the gold reserve.
So this I talked with Craighamke about this. This automatically
means that the gold is there, or something that looks
like gold is there, because they would never open up
the vaults. Because what would happen, John, if if we
get there and the vaults are empty, that.
Speaker 1: Would be the highest rated TV show of all time.
That's for feel. Yeah, it could bring Geraldo back just
for the showmanship part of it, you know, and let
him actually find something. But you know, one of the
big stories of the past month has been all the
gold flowing from London to New York. And it could
be that the US is restocking Fort Knox in anticipation
of having to have the thing to audit it. So
I mean that those two stories fit together pretty well.
But you're right, they won't go. I don't think they'll
go do it if their gold isn't there, because that
would cause a major currency crisis here. I think it.
Speaker 3: Would blow up the whole economic system, be gone dollars.
Speaker 1: You know what it would do, though, was it would
guarantee Trump's reputation Haiti forever, because that's such a brave
thing to do. Like, look, we've been screwing up, but
we're just gonna admit it here. I'm going to be
the one who's going to tell you the truth. And
of course he would probably die the next day, but still,
you know, his reputation, his legacy would be assured. But
but yeah, you know, there's so much interesting stuff happening
right now. We haven't even talked about the Epstein files.
They're promising, yeah, next time.
Speaker 3: We got Hey, we've like come a long way here.
We paid off the national debt and we got a
museum of corruption. I mean, I think we've done enough
for this show, John, the Museum of corruption. Man that is,
I'm going to start a gofund me camp.
Speaker 1: Don't help my name on that. I don't want to know.
Speaker 3: We'll use pseudonyms. You know, I'm good at that all right? Hey,
subs so rabino, substack dot com. Financial Survival Network dot com.
The link is there. Sign up for our newsletter, John.
We'll talk to you in a few weeks.
Speaker 1: Thanks, carry see you.
Speaker 2: Thanks for listening to Carrie Letz's Financial Survival Network, your
solution to today's trying times. For the latest, go to
Financial Survivalnetwork dot com. Financial Survival Network now more than ever,