1
00:00:00,320 --> 00:00:01,879
Speaker 1: And ask the question where where do the nobody come from?

2
00:00:01,879 --> 00:00:04,519
Who's buying? You know, back at Acrail it turned out

3
00:00:04,759 --> 00:00:09,279
it was foreign investors. There was Asian retail sovereign wealth funds,

4
00:00:09,359 --> 00:00:11,480
hedge funds outside of the US, because I think they've

5
00:00:11,480 --> 00:00:14,560
seen the story before and they started that whole rally.

6
00:00:14,560 --> 00:00:16,559
And then what happened is FOMO then kicks in. If

7
00:00:16,600 --> 00:00:19,519
you're missing out and the idea that you know, well,

8
00:00:19,519 --> 00:00:21,120
what's the worst that can happen here? And if you

9
00:00:21,160 --> 00:00:23,039
look back to the financial crisis, you know the worst

10
00:00:23,039 --> 00:00:25,359
can happen is you lose your house, you lose you know,

11
00:00:25,399 --> 00:00:27,320
your money and all that, which is pretty damn bad.

12
00:00:27,800 --> 00:00:30,640
Look back to twenty twenty. What should you've lost? You

13
00:00:30,760 --> 00:00:31,960
lost your money and your life.

14
00:00:32,079 --> 00:00:35,880
Speaker 2: You were listening to Carrie Letz's Financial Survival Network, where

15
00:00:35,920 --> 00:00:39,359
you get valuable information you just can't find anywhere else

16
00:00:39,920 --> 00:00:43,479
to thrive in today's trying times. You need the Financial

17
00:00:43,600 --> 00:00:48,679
Survival Network now more than ever. Go to Financial Survivalnetwork

18
00:00:48,719 --> 00:00:52,439
dot com and get your free newsletter and gift. Financial

19
00:00:52,560 --> 00:00:56,039
Survival Network now more than ever.

20
00:00:59,479 --> 00:01:02,240
Speaker 3: And well, thank you are listening to and watching the

21
00:01:02,359 --> 00:01:06,480
Financial Survival Network. I'm your host Carrie Lutz. Hey, we've

22
00:01:06,519 --> 00:01:09,200
gotten close to the middle of June. We got trade

23
00:01:09,280 --> 00:01:13,799
deals going on right and left. We got the markets

24
00:01:14,000 --> 00:01:18,879
trading getting closer and closer to record levels. And well,

25
00:01:19,079 --> 00:01:21,920
we like when we get to this point in time

26
00:01:22,040 --> 00:01:25,200
to talk with Andrew Horowitz, disciplined investor.

27
00:01:26,319 --> 00:01:29,040
Speaker 1: Andrew, it's great to have you back on the show. Hey, Carrie,

28
00:01:29,079 --> 00:01:29,920
how are you? Thanks?

29
00:01:30,239 --> 00:01:34,959
Speaker 3: Okay, okay. We're enjoying this nice warm Florida weather here

30
00:01:35,319 --> 00:01:40,239
hot and while Florida is heating up, so are the markets?

31
00:01:40,239 --> 00:01:40,719
Aren't there?

32
00:01:41,159 --> 00:01:46,200
Speaker 1: Yeah, things are, Things are resilient. There's definitely been a

33
00:01:46,239 --> 00:01:49,000
significant bid to markets generally speaking, and any kind of

34
00:01:49,000 --> 00:01:51,120
good news really kicks things off. Some of the positions

35
00:01:51,120 --> 00:01:55,120
we have, for example in the last few days, and

36
00:01:55,280 --> 00:01:58,519
more speculative to a degree, like our SMSMR is a

37
00:01:58,560 --> 00:02:01,959
small module reactor stocks nuclear or as I call it,

38
00:02:02,120 --> 00:02:06,200
new clear energy, not nuclear, new clear energy, So everybody

39
00:02:06,200 --> 00:02:09,159
could wrap their head around something different that sounds good,

40
00:02:09,639 --> 00:02:12,240
versus thinking about the China syndrome with Jack Lemon back

41
00:02:12,240 --> 00:02:16,759
in the seventies. You know, is breaking out. I mean,

42
00:02:17,199 --> 00:02:20,719
we're we're talking in the last four months, five months

43
00:02:20,719 --> 00:02:22,400
that we've owned these things, you know, one hundred and

44
00:02:22,439 --> 00:02:24,280
seventy to two returns.

45
00:02:24,000 --> 00:02:28,199
Speaker 3: Already amazing, amazing. Yeah, I have a friend who worked

46
00:02:28,240 --> 00:02:32,400
for a large contractor. He's retired, but because he knows

47
00:02:32,439 --> 00:02:35,199
all about the nukes, that can't let him go, so

48
00:02:35,240 --> 00:02:38,360
they pay him a fortune to be a consultant. It's

49
00:02:38,479 --> 00:02:43,680
kind of funny. And yeah, he's big on those, on

50
00:02:43,759 --> 00:02:46,599
those modulars. He's working on them behind the scenes, and

51
00:02:46,759 --> 00:02:51,599
he's convinced it's the future. But unfortunately, what he told

52
00:02:51,680 --> 00:02:55,840
me is it's not quite as simple as you say, oh,

53
00:02:56,199 --> 00:02:58,879
let's just put one. Ain't over here or over there.

54
00:02:59,400 --> 00:03:02,639
It's not really that simple, but it is a big

55
00:03:02,800 --> 00:03:05,360
advance from where it used to be.

56
00:03:06,199 --> 00:03:08,960
Speaker 1: Yeah, the words small is really not the best use

57
00:03:09,080 --> 00:03:12,039
of that, because the smallest relative to the big, Right,

58
00:03:12,080 --> 00:03:13,680
it's not these things that you could just carry around

59
00:03:13,719 --> 00:03:16,520
on your back all at one day. Maybe we'll get.

60
00:03:16,439 --> 00:03:20,599
Speaker 3: There, yeah, suitcase suitcase power plants. You know, we're kind

61
00:03:20,639 --> 00:03:27,439
of come from nuclear subs and nuclear powered aircraft carriers.

62
00:03:28,319 --> 00:03:31,560
Those are small, modular and they're they're portable by nature.

63
00:03:32,039 --> 00:03:36,800
So so so we thought it was all over in April,

64
00:03:37,120 --> 00:03:40,919
and here we are. You know, we were supposed to

65
00:03:40,960 --> 00:03:44,479
sell and go away in May, and we're still buying.

66
00:03:45,840 --> 00:03:49,159
Speaker 1: I mean, it looks like the big something happens. I

67
00:03:49,199 --> 00:03:52,800
think something happens from a psychological standpoint, when we have

68
00:03:52,879 --> 00:03:55,919
these events. You look back in history and you see

69
00:03:55,919 --> 00:03:59,719
when you've ever had these more recent history, probably back

70
00:03:59,800 --> 00:04:02,000
since two thousand and eight, where you look at these

71
00:04:02,199 --> 00:04:05,560
big drawdowns on the markets where you have eight, ten, fifteen,

72
00:04:05,599 --> 00:04:08,680
twenty percent move and then it happens is abrough ut

73
00:04:08,719 --> 00:04:11,319
it happens, you know, for a reason potentially, and then

74
00:04:11,400 --> 00:04:13,400
all of a sudden it starts to turn the corner

75
00:04:13,400 --> 00:04:18,000
pretty fast. We had another v recovery again after this

76
00:04:18,000 --> 00:04:21,319
big shock. But what's interesting is that the bids keep coming.

77
00:04:21,680 --> 00:04:23,639
Look back to April and we did some of the

78
00:04:23,639 --> 00:04:26,439
forensics on this, and you can find that and ask

79
00:04:26,480 --> 00:04:28,399
the question, where where do nobody come from? Who's buying?

80
00:04:28,879 --> 00:04:30,839
You know, back at April it turned out it was

81
00:04:30,879 --> 00:04:35,480
foreign investors. There was Asian retail sovereign wealth funds, hedge

82
00:04:35,480 --> 00:04:37,519
funds outside of the US, because I think they've seen

83
00:04:37,560 --> 00:04:40,519
the story before and they started that whole rally. And

84
00:04:40,519 --> 00:04:42,480
then what happened is FOMO then kicks in. I f

85
00:04:42,480 --> 00:04:45,360
you're missing out. And the idea that you know, well,

86
00:04:45,399 --> 00:04:47,000
what's the worst that can happen here? And if you

87
00:04:47,040 --> 00:04:48,879
look back to the financial crisis, you know the worst

88
00:04:48,879 --> 00:04:51,240
can happen. You lose your house, you lose you know,

89
00:04:51,279 --> 00:04:53,199
your money and all that, which is pretty damn bad.

90
00:04:53,560 --> 00:04:56,199
You look back to twenty twenty what should you've lost?

91
00:04:56,480 --> 00:04:58,600
You lost your money and your life. You look back

92
00:04:58,639 --> 00:05:01,240
to twenty twenty five, but what could you've lost a

93
00:05:01,240 --> 00:05:03,959
couple of bucks? There's no You're not losing your house.

94
00:05:04,040 --> 00:05:07,000
You're not losing your house, You're not losing your life.

95
00:05:07,879 --> 00:05:10,720
So big deal, right, you found what I'm saying.

96
00:05:11,079 --> 00:05:12,079
Speaker 3: It's only money.

97
00:05:12,319 --> 00:05:16,120
Speaker 1: It's only money. And and and with the current idea

98
00:05:16,199 --> 00:05:19,759
that we've seen this movie before, the Fed will step in,

99
00:05:19,800 --> 00:05:22,399
the government will step in. You know, Trump comes in

100
00:05:22,439 --> 00:05:24,120
and say his bystocks. He said it a few times,

101
00:05:24,120 --> 00:05:25,680
but you know, and then all you know, things are

102
00:05:25,720 --> 00:05:28,519
starting to pick up. And then miraculously we get all

103
00:05:28,519 --> 00:05:31,879
these deals that are done or pauses on the tariffs.

104
00:05:32,000 --> 00:05:33,639
You know, the terriffs went into place they're supposed to

105
00:05:33,639 --> 00:05:35,879
go into place of last minute was okay, we'll lift

106
00:05:35,920 --> 00:05:39,000
them up. Everybody freaked out. So that the bark is

107
00:05:39,079 --> 00:05:42,120
much worse than the bite. And we've discovered this. Whether

108
00:05:42,160 --> 00:05:43,639
you want to call it the taco trade, which I'm

109
00:05:43,680 --> 00:05:45,560
not a big fan of saying, or whether you say

110
00:05:45,560 --> 00:05:48,279
that this administration is trying to negotiate and put the

111
00:05:48,279 --> 00:05:50,319
pressures on, but really is not going to have the

112
00:05:50,399 --> 00:05:53,800
teeth to bite into this situation because they know that

113
00:05:53,839 --> 00:05:56,959
the ramifications are a bond market that could sell off,

114
00:05:57,000 --> 00:05:59,560
a dollar that can sell off, and the stock market

115
00:05:59,560 --> 00:06:01,399
that could sell off of trillions of dollars or at

116
00:06:01,439 --> 00:06:05,040
risk here over what eighty one hundred billion dollars a month?

117
00:06:05,199 --> 00:06:07,959
You're gonna go for multiple trillions of dollars when you

118
00:06:08,000 --> 00:06:11,000
can have you know, eighty billion or one hundred billion

119
00:06:11,079 --> 00:06:14,000
maybe making in tariffs and maybe four hundred billion a year.

120
00:06:14,600 --> 00:06:16,680
It makes no sense. This makes no sense.

121
00:06:16,839 --> 00:06:21,279
Speaker 3: Yeah, yeah, well, risk reward, right, risk reward. You always

122
00:06:21,279 --> 00:06:24,240
got to be looking at that with your investing in anything.

123
00:06:24,639 --> 00:06:27,839
So what sectors are you particularly upbeat about.

124
00:06:28,319 --> 00:06:30,879
Speaker 1: Let's start with the downbeat right now. There's a lot

125
00:06:30,879 --> 00:06:33,439
of concern over retail. You know, you've seen a big

126
00:06:33,439 --> 00:06:36,199
disparity in numbers, so Lulu Lemon, you so just get

127
00:06:36,240 --> 00:06:40,560
absolutely a viscerated recently on their outlook, saying that they're

128
00:06:40,720 --> 00:06:44,720
you know, the dynamic geopolitic geopolitics. That was the words

129
00:06:44,759 --> 00:06:47,879
they used in their conference call. Actually was something that

130
00:06:48,199 --> 00:06:50,000
really spooked people. And then you see the other side,

131
00:06:50,000 --> 00:06:52,959
you know, like david Buster is actually doing okay, and

132
00:06:53,000 --> 00:06:54,879
that's interesting for a place that you just throw your

133
00:06:54,879 --> 00:06:59,480
money away essentially, right, So so people are not buying Yeah, right,

134
00:06:59,639 --> 00:07:03,720
you throw away your money at playing ski bowl at

135
00:07:03,879 --> 00:07:06,560
david Busters, but you're not buying yourself a pair of

136
00:07:06,600 --> 00:07:11,519
workout pants, you know, Walmart, Costco. You're concerned about the

137
00:07:11,639 --> 00:07:15,759
uh A consumer, but yet things are okay. You know,

138
00:07:15,800 --> 00:07:17,160
whether or not they're gonna have to eat some of

139
00:07:17,199 --> 00:07:20,040
the taraffs or raise prices. But the consumer, again is

140
00:07:20,160 --> 00:07:22,920
resilient and depending on who you are. I mean, I was.

141
00:07:24,120 --> 00:07:25,920
I can tell you I was in the Bahamas last weekend.

142
00:07:25,959 --> 00:07:28,800
We were at a little private club, beach bar because

143
00:07:28,800 --> 00:07:31,199
we were vited. It was a long story, and the

144
00:07:31,240 --> 00:07:36,079
prices were absurd, absurd. Yeah, I'll tell you absurd, absurd

145
00:07:36,160 --> 00:07:39,199
to a point that like, oh my god, absurd. Literally

146
00:07:39,319 --> 00:07:40,920
Now I brought a bunch of people there, so just

147
00:07:41,000 --> 00:07:42,319
you have to wait for the whole story here, because

148
00:07:42,319 --> 00:07:44,079
it's I'm not as nuts as I'm about to think.

149
00:07:44,120 --> 00:07:44,399
Speaker 3: I am.

150
00:07:45,279 --> 00:07:47,399
Speaker 1: I got a hamburger and a drink and it was one

151
00:07:47,439 --> 00:07:50,920
hundred dollars. Yeah, Now it sounds like the Bahamas that

152
00:07:51,040 --> 00:07:53,560
I said, it's never It's not that bad in the Bahamas.

153
00:07:53,600 --> 00:07:56,000
It's not that that's ridiculous. And I said, look, I

154
00:07:56,040 --> 00:07:57,759
brought all these people to this private club to them

155
00:07:57,879 --> 00:08:00,759
check it out. So they comped it. They camped. I

156
00:08:00,800 --> 00:08:03,600
wasn't buying that sixty five dollars burger without being caught up.

157
00:08:03,639 --> 00:08:05,639
Speaker 3: How's it go away? Usually they do not have good

158
00:08:05,639 --> 00:08:07,040
burgers in the Bahamas.

159
00:08:07,160 --> 00:08:08,839
Speaker 1: It was it was they brought everything in from Miami.

160
00:08:08,879 --> 00:08:11,480
Everything's brought into that one little beach club. It's called

161
00:08:11,480 --> 00:08:15,040
the Benita Beach Club in Bivinie's brand new five million

162
00:08:14,959 --> 00:08:18,800
dollars in up houses, private beach club, private cabanas. They

163
00:08:18,839 --> 00:08:21,160
asked me to come because I brought up thirty boats

164
00:08:21,160 --> 00:08:23,160
over to Bimini on a trip that we went to.

165
00:08:23,720 --> 00:08:26,879
So we got entrede to this place and spent a

166
00:08:26,879 --> 00:08:28,839
whole lot of money. But my point though, is that

167
00:08:28,879 --> 00:08:31,319
there are people still spending Now that's just my crowd

168
00:08:31,360 --> 00:08:33,360
or anything like that. That's not what I'm saying. It's

169
00:08:33,759 --> 00:08:36,600
people are spending money. Depending on where you are, there's

170
00:08:36,639 --> 00:08:40,440
pockets that are problematic. People don't need maybe another pair

171
00:08:40,440 --> 00:08:43,200
of Lululemon pants. They just don't need them, so they're

172
00:08:43,240 --> 00:08:46,159
not buying them, but they are doing other things. They

173
00:08:46,440 --> 00:08:49,679
are going to finally back to the dollar general, et cetera. Okay,

174
00:08:49,679 --> 00:08:51,759
so put that aside. You know, you got some things

175
00:08:51,759 --> 00:08:53,480
that are good, some things that are bed, some restaurants

176
00:08:53,519 --> 00:08:57,039
that are having good times, some that are bad, you know,

177
00:08:57,159 --> 00:08:59,360
and big v recoveries. You know, look at a company

178
00:08:59,360 --> 00:09:02,320
that's looking today at Wingstop. W Ing is a symbol

179
00:09:03,120 --> 00:09:08,240
total almost a double since April because why well we

180
00:09:08,320 --> 00:09:10,000
got you know, we're not worried so worried about chicken

181
00:09:10,039 --> 00:09:13,000
bird flu. All that's been resolved. Right, There was a

182
00:09:13,000 --> 00:09:15,799
big problem with the eggs that happened to do with

183
00:09:15,840 --> 00:09:18,519
bird flu and colleague of the chickens, which by the way,

184
00:09:18,519 --> 00:09:24,240
have wings, which Wingstop needs to serve their particular brand. Right,

185
00:09:24,799 --> 00:09:27,039
so that that's been resolved, some of these things that

186
00:09:27,080 --> 00:09:28,960
have been playing out. The inflation numbers that we saw

187
00:09:29,000 --> 00:09:30,840
this week are a little bit better that should help

188
00:09:30,840 --> 00:09:32,480
the banks a little bit. And we see the yield

189
00:09:32,480 --> 00:09:35,399
curve in pretty good shape right now. The employment numbers

190
00:09:35,440 --> 00:09:38,840
in pretty good shape. Technology clearly some areas we like

191
00:09:38,879 --> 00:09:41,320
to some of the defense firms that are continuing on

192
00:09:41,440 --> 00:09:45,960
some of the commods in certain areas, healthcare questionable. We

193
00:09:46,000 --> 00:09:48,679
think that Rfkjuni is going to continue this stampede. Just

194
00:09:48,720 --> 00:09:53,279
fired the whole vaccination panel. I saw that just this

195
00:09:53,639 --> 00:09:56,000
just this week. But yet, you know, we're looking at

196
00:09:56,080 --> 00:09:58,159
companies that are like that have seen a big sell

197
00:09:58,159 --> 00:10:00,639
off when he first came in, like a Crisper, which

198
00:10:00,679 --> 00:10:04,600
is a company that makes Crisper is a kind of

199
00:10:04,919 --> 00:10:09,440
process for gene splicing and genetic engineering, if you will,

200
00:10:10,320 --> 00:10:11,679
hoping to solve a lot of problems. They have a

201
00:10:11,679 --> 00:10:14,279
couple of products out there ready that are helping. But

202
00:10:14,600 --> 00:10:16,440
you got a few in that very select few in

203
00:10:16,480 --> 00:10:19,840
that area, and people really worried about that under RFK Junior.

204
00:10:20,360 --> 00:10:22,279
But it seems he's not really hitting that in the

205
00:10:22,279 --> 00:10:26,080
stock seems to be a little bit more resilient lately.

206
00:10:27,159 --> 00:10:32,000
Some of the names in like a CROs that I like,

207
00:10:32,039 --> 00:10:36,639
which just bought a company called Generak, which it is

208
00:10:35,399 --> 00:10:38,240
I have this is that you probably bought it right

209
00:10:38,279 --> 00:10:40,879
before a hurricane season or right after either one.

210
00:10:41,159 --> 00:10:43,720
Speaker 3: Yeah, I bought it when I moved into this place

211
00:10:43,759 --> 00:10:47,399
in twenty twenty one, and there was a backlog of

212
00:10:47,440 --> 00:10:53,360
the things, and finally I got it a six month backlog.

213
00:10:54,320 --> 00:10:56,480
Speaker 1: We like it this time of year. The seasonality trends

214
00:10:56,480 --> 00:10:59,440
that show that Generak is actually a great stock. It

215
00:10:59,480 --> 00:11:01,759
has been. If you look at the analogue going back

216
00:11:01,799 --> 00:11:03,480
and the pattern which I know you're a big, big

217
00:11:03,519 --> 00:11:06,840
fan of, going back many many years that starting about

218
00:11:07,240 --> 00:11:09,960
Judish mid June, when you start getting the idea and

219
00:11:10,000 --> 00:11:12,639
people say, oh, it's hurricane season again, and storm season again.

220
00:11:12,679 --> 00:11:15,600
It's it's a rainy season again. It's flood season again,

221
00:11:16,080 --> 00:11:19,919
tornadoes blah blah blah blah blah, right, all this stuff, Well, oh,

222
00:11:20,200 --> 00:11:23,320
Generator Company is the only pure play generator company really

223
00:11:23,360 --> 00:11:26,559
out there. And all you want is as horrible as

224
00:11:26,559 --> 00:11:29,080
it sounds. They sound like a roofer Okay, sound like

225
00:11:29,120 --> 00:11:30,720
a guy that right now that owns a roofing company.

226
00:11:31,200 --> 00:11:36,759
I wish for a storm. Yeah, so you have that area.

227
00:11:37,200 --> 00:11:41,399
I still like some of the you know, some of

228
00:11:41,440 --> 00:11:47,639
the technology names that are like an Apple Loving which

229
00:11:47,679 --> 00:11:48,879
got a bad rapt for a while, but it's come

230
00:11:48,919 --> 00:11:53,120
back very strong. Some of the Chinese at t A

231
00:11:53,279 --> 00:11:58,080
tour holdings are basically like hotel chains in China. Especially

232
00:11:58,080 --> 00:11:59,919
if you open back up a little bit, that can

233
00:12:00,080 --> 00:12:03,480
be interesting. I think that European stocks still have a

234
00:12:03,480 --> 00:12:07,159
pretty good valuation overall. Bonds. Stay away from the long

235
00:12:07,240 --> 00:12:08,440
end of the bond because I think it's gonna be

236
00:12:08,440 --> 00:12:12,600
a very bumpy ride. Gold still is still an appetite

237
00:12:12,639 --> 00:12:17,399
for gold, and so platinum, platinum, silver, yep. In those areas.

238
00:12:17,759 --> 00:12:20,720
We'll see what happens with oil. It it's in a range.

239
00:12:20,799 --> 00:12:22,000
I don't think it's going to break out of any

240
00:12:22,080 --> 00:12:24,799
ranging ranges right here. Doesn't seem like that, and something

241
00:12:24,840 --> 00:12:27,000
really weird happens, you know, with all the things that

242
00:12:27,039 --> 00:12:29,600
are going on in Russia and Middle East, it's still

243
00:12:29,639 --> 00:12:32,679
not opec quash to continue pumping.

244
00:12:33,399 --> 00:12:38,000
Speaker 3: Geopolitical risk for sure. What you're feeling about Big Pharma,

245
00:12:38,080 --> 00:12:43,399
it looks like Trump has kind of declared war on them.

246
00:12:43,440 --> 00:12:46,639
Not sure if his executive order is enough to bring

247
00:12:46,720 --> 00:12:50,600
down their prices, but they might voluntarily bring them down

248
00:12:51,200 --> 00:12:54,799
to avoid what could potentially be really bad.

249
00:12:55,679 --> 00:12:58,360
Speaker 1: You know, I think I've come to the point that

250
00:12:59,279 --> 00:13:02,679
the bad things that the Trump administration are doing don't

251
00:13:02,759 --> 00:13:06,559
have any teeth, and the good things are really sparking

252
00:13:06,639 --> 00:13:08,679
some stocks. I'll give you an example. You have this

253
00:13:08,720 --> 00:13:11,480
whole thing going the el Le stock. I mean it

254
00:13:11,519 --> 00:13:14,480
was up dramatically this week. You know, you look at

255
00:13:14,679 --> 00:13:16,519
some of the names in that industry, Yeah, this Spizer

256
00:13:16,559 --> 00:13:18,399
and all. A few of them just haven't been lagger

257
00:13:18,519 --> 00:13:22,759
I mean hardcore laggards. You know, Maderna just ugly ugly,

258
00:13:22,840 --> 00:13:25,120
ugly ugly. Right, But some of the big names that

259
00:13:25,159 --> 00:13:28,240
have some important cures, I don't know how much they're

260
00:13:28,240 --> 00:13:32,759
gonna be really dinged now. Obviously, you know, with the

261
00:13:32,759 --> 00:13:36,279
executive order to bring down pricing to match what we

262
00:13:36,360 --> 00:13:39,159
have in various countries. You know that whole thing where

263
00:13:39,200 --> 00:13:42,240
there's irregularity. So I guess the best way to put

264
00:13:42,240 --> 00:13:46,639
it in pricing with certain drugs, why are we paying

265
00:13:46,679 --> 00:13:48,679
more than they are? And we're the ones that make

266
00:13:48,679 --> 00:13:51,200
it here and strange, right, But you look at some

267
00:13:51,360 --> 00:13:53,960
executive orders with the nuclear energy or nuclear energy or

268
00:13:53,960 --> 00:14:02,200
even the we'll call it autonomous slash like duty aircraft

269
00:14:02,480 --> 00:14:05,720
like a jobee or an arch aviation, I mean beautiful

270
00:14:05,759 --> 00:14:10,000
moves on executive order to keep developing these. So I

271
00:14:10,000 --> 00:14:13,159
think that I'd rather play the side on the positive

272
00:14:13,159 --> 00:14:16,360
developments that there's going to be some money behind it,

273
00:14:16,480 --> 00:14:19,639
rather than negative because I find that the negative ones, right,

274
00:14:19,679 --> 00:14:23,240
the things that should bust in industry aren't really doing

275
00:14:23,240 --> 00:14:26,120
anything right, at least in the short term.

276
00:14:26,240 --> 00:14:29,799
Speaker 3: All right, So what about AI? Yeah? What about it?

277
00:14:30,679 --> 00:14:34,480
What's your take? Investible? Is it too late? Has the

278
00:14:34,480 --> 00:14:35,519
train left the station?

279
00:14:36,279 --> 00:14:38,120
Speaker 1: So what do you have to invest in? You got video,

280
00:14:38,799 --> 00:14:41,159
you got Microsoft to get Amazon. I like Amazon a lot.

281
00:14:42,480 --> 00:14:46,799
You have Google, which I don't like. I think that

282
00:14:46,840 --> 00:14:49,200
Google actually is going to accountbalize on his self. In fact,

283
00:14:49,600 --> 00:14:51,720
if you do a Google search, yeah, as you do

284
00:14:51,720 --> 00:14:53,720
do Google search right now, you're gonna come up with

285
00:14:53,759 --> 00:14:56,799
the AI first and you don't need to go any further, right, Yeah,

286
00:14:56,840 --> 00:14:58,320
for sure. I don't remember the last time I clicked

287
00:14:58,360 --> 00:14:58,759
on something.

288
00:14:59,000 --> 00:15:02,000
Speaker 3: Yeah, that's killed. There's search business, and they're facing a

289
00:15:02,039 --> 00:15:06,440
potential breakup, which I think they are actually preparing for.

290
00:15:06,840 --> 00:15:10,559
They believe it's inevitable, and you're going to see three

291
00:15:10,600 --> 00:15:13,519
companies come out of it, I think. And the search

292
00:15:13,600 --> 00:15:17,240
is probably the least attractive, but YouTube still growing and

293
00:15:19,000 --> 00:15:23,159
their other their Google apps thing is also growing so

294
00:15:23,960 --> 00:15:25,519
interesting to see.

295
00:15:25,320 --> 00:15:28,759
Speaker 1: Facebook Meta just bought a fifty nine percent take in

296
00:15:28,759 --> 00:15:31,399
an AI company doing what they can to try to

297
00:15:31,399 --> 00:15:34,919
make sure they stay relevant and to have the coming

298
00:15:34,919 --> 00:15:37,840
out of the new product that will essentially allow for

299
00:15:37,960 --> 00:15:42,120
the relief of your advertising and PR firm and utilize

300
00:15:42,120 --> 00:15:44,799
an in house AI bot or agent or whatever you

301
00:15:44,840 --> 00:15:47,039
want to call it. Yeah, they're going the word has

302
00:15:47,159 --> 00:15:50,200
changed versus bots these days. If you notice that that's

303
00:15:50,240 --> 00:15:52,679
kind of a trend towards you're using the word agent

304
00:15:53,200 --> 00:15:57,080
sounds better than a bot. Use this agent that will

305
00:15:57,360 --> 00:16:06,799
allow for development, creation of marketing slash ad and advertising campaigns.

306
00:16:07,080 --> 00:16:10,720
Speaker 3: I just then up for one today just to see

307
00:16:10,720 --> 00:16:14,679
a demo of it. That'll do your PR to like

308
00:16:15,120 --> 00:16:18,960
three hundred and fifty thousand podcasts. It'll do an outreach

309
00:16:19,039 --> 00:16:21,679
to get you on whichever you know you obviously.

310
00:16:21,240 --> 00:16:22,919
Speaker 1: I saw I saw something. Which way was that one?

311
00:16:22,960 --> 00:16:24,600
Because I saw I'm trying to think of the name

312
00:16:24,639 --> 00:16:28,320
it was. It was PR Bodies. Was that the one pod?

313
00:16:28,360 --> 00:16:31,559
Speaker 3: Pitch pod pitch Yeah, yeah, you probably got that same

314
00:16:31,720 --> 00:16:34,000
email as me. You have a podcast, you got the

315
00:16:34,080 --> 00:16:39,279
email and uh yeah, it'll you know, AI is taken over.

316
00:16:39,399 --> 00:16:41,639
I mean, I use it for so much. I don't

317
00:16:41,679 --> 00:16:44,480
use it to actually create content, but I use it

318
00:16:44,519 --> 00:16:48,519
to refine it and augment it and to do due

319
00:16:48,559 --> 00:16:53,080
diligence on it as well. And you know, it's pretty spectacular.

320
00:16:53,120 --> 00:16:56,000
And then I don't use just one AI. I use

321
00:16:56,080 --> 00:17:01,960
two and sometimes three. I'll use chatch ept Rock and

322
00:17:02,600 --> 00:17:07,720
another one. I don't really trust the Google AI and

323
00:17:07,759 --> 00:17:11,759
the Meta AI. They got too many constructs. It's like

324
00:17:12,079 --> 00:17:15,920
it's like Chinese AI tried deep seek and put in

325
00:17:16,000 --> 00:17:20,319
Tieneman square and you get a blank screen, right.

326
00:17:20,640 --> 00:17:23,440
Speaker 1: Yeah, blank stare blank screen. I mean I think that

327
00:17:23,599 --> 00:17:25,880
you look at there's a great great piece of Sam

328
00:17:25,920 --> 00:17:28,839
Altman on his blog. Does look up Sam Altman blog?

329
00:17:28,920 --> 00:17:30,920
Now how much of this he wrote versus AI, I

330
00:17:30,960 --> 00:17:34,079
don't know. But he wrote a piece this week I

331
00:17:34,079 --> 00:17:38,599
think this morning actually called the Gentle Singularity, talking about

332
00:17:38,640 --> 00:17:42,680
building millions of robots, initially by hand in the robots,

333
00:17:42,720 --> 00:17:47,160
building robots, robots, building data centers, data centers, building data centers.

334
00:17:47,599 --> 00:17:50,400
Kind of an interesting discussion by the ninth By the

335
00:17:50,400 --> 00:17:55,039
twenty thirties, this is all gonna be there to a degree. Now,

336
00:17:55,039 --> 00:17:57,400
whether that's twenty thirty five, twenty thirty two.

337
00:17:57,440 --> 00:17:57,880
Speaker 3: I don't know.

338
00:17:58,960 --> 00:18:01,079
Speaker 1: You know, we were looking for row Bot taxes for years.

339
00:18:01,160 --> 00:18:05,640
Supposedly one was spotted in Austin just this week two

340
00:18:05,640 --> 00:18:06,480
oh too is spoken too?

341
00:18:06,559 --> 00:18:07,200
Speaker 3: Now, yeah, it was too.

342
00:18:07,279 --> 00:18:11,799
Speaker 1: They were amazing. By the way, how week after Musk

343
00:18:11,880 --> 00:18:14,880
is no longer involved in Tesla in Doge, all of

344
00:18:14,920 --> 00:18:17,640
a sudden the news shifts to Tesla. And also when

345
00:18:17,640 --> 00:18:19,200
we get these new things coming out.

346
00:18:19,119 --> 00:18:24,480
Speaker 3: That's going on, that's that's orchestration at its fondest finest.

347
00:18:24,759 --> 00:18:26,400
I mean, just like that. Why why didn't we have

348
00:18:26,440 --> 00:18:28,559
this a month ago? Because he was doing something else

349
00:18:28,920 --> 00:18:31,240
he decided we got to do something here. Yeah. Well,

350
00:18:31,359 --> 00:18:35,559
it's the Rosie o'donal effect, where fights are created not

351
00:18:35,759 --> 00:18:40,759
because there's underlying animosity, but if they're created to shift

352
00:18:41,000 --> 00:18:42,960
the narrative, whatever it might be.

353
00:18:43,680 --> 00:18:46,240
Speaker 1: Sa I went to high school with her, he did.

354
00:18:46,400 --> 00:18:48,200
Huh yep, Rosie O'Donnell.

355
00:18:48,480 --> 00:18:48,599
Speaker 3: Uh.

356
00:18:48,799 --> 00:18:52,599
Speaker 1: And also Bob Costas he graduated about ten years before me.

357
00:18:53,279 --> 00:18:53,559
Speaker 3: Wow.

358
00:18:54,359 --> 00:18:58,680
Speaker 1: And uh, there's actually a Florida sportscaster who I'm forgetting

359
00:18:58,680 --> 00:19:01,839
his name now, and he was about two years before me.

360
00:19:02,160 --> 00:19:04,720
He actually graduated in the same classes as Rosie o'donald.

361
00:19:04,759 --> 00:19:08,920
I was friends with Rosie's brother, but she graduated I

362
00:19:08,960 --> 00:19:15,119
think three or four years ahead of me. Uh, who

363
00:19:15,200 --> 00:19:16,720
was his name? I can't remember his name now.

364
00:19:16,920 --> 00:19:22,480
Speaker 3: Yeah. I never believed that that fight was really legit.

365
00:19:23,519 --> 00:19:25,160
Speaker 1: Oh yeah, we talked about that on DH and Plug.

366
00:19:25,200 --> 00:19:28,119
They talked about that with They've Wanted Only. John ced

367
00:19:28,160 --> 00:19:32,079
Devorak this week on DHM Plug podcast. I don't know

368
00:19:32,079 --> 00:19:34,119
if you listened to that yet, but we talked about

369
00:19:34,119 --> 00:19:39,519
the whole uh spat and the well, the distastefulness of

370
00:19:39,559 --> 00:19:45,519
it all. Frankly, but but uh public eats it up though. Yeah.

371
00:19:45,559 --> 00:19:49,480
That that that John said that it was created by

372
00:19:49,599 --> 00:19:54,720
Trump essentially to allow for an exit plan for for Musk.

373
00:19:55,000 --> 00:19:56,920
Speaker 3: I totally agree with him, you.

374
00:19:56,880 --> 00:19:58,960
Speaker 1: Know, I'm not I'm not totally there. I'm not totally there,

375
00:19:59,000 --> 00:20:01,480
just letting you know. I think it's too harsh. I mean,

376
00:20:01,519 --> 00:20:02,920
you could have done something else. You don't have to

377
00:20:02,960 --> 00:20:05,799
be so nasty. You didn't have to have a Musk

378
00:20:05,920 --> 00:20:08,039
with the Epstein files though, and he came up with

379
00:20:08,039 --> 00:20:10,920
all sort of reasons why each one of these things happened.

380
00:20:11,440 --> 00:20:12,519
Speaker 3: Yeah, but I don't know.

381
00:20:12,559 --> 00:20:14,079
Speaker 1: I don't think people that's smart. By the way, I

382
00:20:14,119 --> 00:20:15,519
don't sorry.

383
00:20:15,559 --> 00:20:17,839
Speaker 3: I don't think they are, but I think the AI is.

384
00:20:19,240 --> 00:20:23,640
Maybe maybe I think Trump GTP said, GPT said it

385
00:20:23,680 --> 00:20:26,519
all up here, Andrew, and possibly, Hey, while we're at

386
00:20:26,559 --> 00:20:29,720
I'm just gonna pitch my book here. The way according

387
00:20:29,759 --> 00:20:31,640
to Martin Armstrong.

388
00:20:31,119 --> 00:20:32,440
Speaker 1: Wait, could it make that clear? I can't see the

389
00:20:32,440 --> 00:20:33,920
bottom movie hand a little bit right there? Put it

390
00:20:33,960 --> 00:20:35,160
closer there you go right there?

391
00:20:35,359 --> 00:20:38,960
Speaker 3: Yeah, the world, according to Martin Armstrong, conversations with the

392
00:20:39,000 --> 00:20:43,240
master forecaster, and you know, a lot of forecasts he

393
00:20:43,319 --> 00:20:46,759
made seemingly out of the air, you know, have come

394
00:20:46,839 --> 00:20:49,279
to pass. There's at least a dozen of them in

395
00:20:49,319 --> 00:20:52,759
the book Breaking of the Swiss Peg to the Euro

396
00:20:53,960 --> 00:20:58,000
Gold prices. Told me for ten years they weren't going anywhere,

397
00:20:58,240 --> 00:21:00,920
and they didn't, and then all of a sudden he said,

398
00:21:00,920 --> 00:21:04,480
they're common, and then they are, and a lot of

399
00:21:04,519 --> 00:21:07,079
other forecasts. The link to buy it is in the

400
00:21:07,079 --> 00:21:14,200
show notes this interview. And Andrew one last question cryptocurrencies,

401
00:21:14,799 --> 00:21:17,880
particularly Bitcoin. I was at the Bitcoin twenty twenty five

402
00:21:18,319 --> 00:21:23,359
conference in Vegas sponsored by none other than I think Blackstone,

403
00:21:23,799 --> 00:21:25,680
but maybe yeah, I think it was Blackstone.

404
00:21:25,759 --> 00:21:27,119
Speaker 1: Was they black Rock or Blackstone.

405
00:21:27,880 --> 00:21:29,440
Speaker 3: You know, I always get them confused.

406
00:21:29,440 --> 00:21:32,079
Speaker 1: I think Blackrock has ETF funds, the Blackstone's private equity.

407
00:21:32,079 --> 00:21:34,400
Every think would be Blackstone. I think I mean black

408
00:21:34,480 --> 00:21:37,440
Rock Blackrock. You're right, I always get them confused. I

409
00:21:37,519 --> 00:21:39,559
stand corrected. I think it was well a bunch of

410
00:21:39,640 --> 00:21:40,920
Rock ones of Stone. I mean, it's the.

411
00:21:42,400 --> 00:21:46,079
Speaker 3: Probably connected anyway, but we don't know. But the amount

412
00:21:46,160 --> 00:21:51,000
of money that was there Andrew was staggering. You know,

413
00:21:51,039 --> 00:21:56,640
these booths I guestimate went from fifty thousand to mid

414
00:21:57,000 --> 00:22:00,359
seven figures and there are thirty five thousand people there

415
00:22:00,759 --> 00:22:06,240
and media coverage and politicians. You know that someone told

416
00:22:06,279 --> 00:22:10,880
me that the half of the Republicans' political contributions coming

417
00:22:10,880 --> 00:22:12,079
from the crypto sector.

418
00:22:12,359 --> 00:22:16,799
Speaker 1: I wouldn't doubt it. I wouldn't doubt by the way,

419
00:22:16,839 --> 00:22:21,559
just speaking about cryptocurrencies. In about four weeks, I think

420
00:22:21,920 --> 00:22:24,240
Anthony Scaramuchi is going to be a guest of my show,

421
00:22:24,519 --> 00:22:27,799
The Disciplined Investor podcast who the last time he was

422
00:22:27,839 --> 00:22:29,839
on I believe, if I'm not correct, he had to

423
00:22:29,839 --> 00:22:31,319
do a hard cut because he was having a meeting

424
00:22:31,319 --> 00:22:34,920
with the Democratic National Committee to talk to them right

425
00:22:34,920 --> 00:22:39,079
before the election, and that was coming on the heels

426
00:22:39,079 --> 00:22:42,279
of him talking to the RNC about the points of that.

427
00:22:42,559 --> 00:22:44,680
So there's a lot of many too, splashed around because

428
00:22:44,680 --> 00:22:47,160
a lot of money to be made, a lot of

429
00:22:48,720 --> 00:22:52,680
congressional griffs, and I find that the stuff that's going

430
00:22:52,720 --> 00:22:56,200
on right now with the fact that I call me nuts,

431
00:22:56,240 --> 00:22:58,319
and by the way, just to be clear, you want

432
00:22:58,319 --> 00:22:59,720
to shoot me down and not listen to me because

433
00:22:59,720 --> 00:23:02,559
I'm talking it's about something about your favorite president or whatever.

434
00:23:02,920 --> 00:23:05,240
The fact is, I've never seen such a thing that

435
00:23:05,559 --> 00:23:10,359
the president's family owns a cryptocurrency firm and now we're

436
00:23:10,400 --> 00:23:14,359
pushing cryptocurrency reform. Distasteful.

437
00:23:14,480 --> 00:23:17,359
Speaker 3: I agree, totally agree, but not good.

438
00:23:17,160 --> 00:23:18,839
Speaker 1: With that in mind. Putting that aside for a second,

439
00:23:18,880 --> 00:23:21,440
I'm a big fan of like let's say ethereum. I

440
00:23:21,440 --> 00:23:23,680
think there's a great opportunity there, especially with the stable

441
00:23:23,720 --> 00:23:27,160
coins that are coming through and that's being resolved it seemed,

442
00:23:27,279 --> 00:23:30,960
uh and being utilized to a great extent as an alternative.

443
00:23:31,480 --> 00:23:34,119
I don't think the idea of utilizing bitcoin is a

444
00:23:35,960 --> 00:23:39,279
currency for the for a country is a wise idea

445
00:23:39,279 --> 00:23:40,559
at all. As a matter of fact, I can go

446
00:23:40,599 --> 00:23:42,039
through a laundry list, which I'm not going to do

447
00:23:42,079 --> 00:23:44,680
of reasons and rationales why it makes no sense to

448
00:23:44,720 --> 00:23:49,240
do that from economics one O one, from basic principles

449
00:23:49,279 --> 00:23:53,240
of how an economy is formed, and and and and

450
00:23:53,519 --> 00:23:57,200
uh and and runs. But you know, it's been a

451
00:23:57,279 --> 00:24:00,480
nice run here. I think that again by the dip,

452
00:24:00,480 --> 00:24:03,640
there's a lot of speculative money out there because the

453
00:24:03,680 --> 00:24:06,799
fact that we have governments that are continuing to stimulate,

454
00:24:07,880 --> 00:24:11,440
because the reality is that there's been no negative impact

455
00:24:11,559 --> 00:24:14,359
by the trillions of dollars worth of bonds that if

456
00:24:14,359 --> 00:24:16,960
we have amassed over the last number of years, and

457
00:24:17,039 --> 00:24:19,799
until something happens, then is all going to be just

458
00:24:20,400 --> 00:24:23,480
let's keep on doing what we've been doing until we

459
00:24:23,519 --> 00:24:26,440
don't get a reversal from a v trade down or

460
00:24:26,480 --> 00:24:28,559
the hard and a half where the markets come down

461
00:24:28,640 --> 00:24:30,960
very dramatically and all of a sudden sit down like

462
00:24:31,000 --> 00:24:33,920
they did in the seventies for fifteen years, for the

463
00:24:33,960 --> 00:24:38,640
two thousands, where the Nasdaq was so highly value that

464
00:24:38,680 --> 00:24:41,119
it took I don't know what it took eighteen years

465
00:24:41,599 --> 00:24:44,480
to come back to zero value again. Until we have

466
00:24:44,559 --> 00:24:48,119
one of those kind of flush outs, this speculative nature

467
00:24:48,200 --> 00:24:52,720
of trading is going to happen and the excessive amount

468
00:24:52,799 --> 00:24:56,000
of marketing is going to go on because you realize

469
00:24:56,000 --> 00:25:01,480
something that just like in Vegas, where the casinos.

470
00:25:01,000 --> 00:25:03,559
Speaker 3: Are not built on the losers, on the winners, they're

471
00:25:04,359 --> 00:25:06,920
now I hold them for winners, that's for sure. My parents.

472
00:25:07,000 --> 00:25:10,039
Speaker 1: Same thing with what's going on with the with the

473
00:25:10,039 --> 00:25:13,000
bitcoin booths. You know, a million dollar booth is not

474
00:25:13,119 --> 00:25:17,279
built for the lowest cost bitcoin operation in town.

475
00:25:18,240 --> 00:25:18,559
Speaker 3: Mm hm.

476
00:25:19,160 --> 00:25:21,759
Speaker 1: So I have no objection if people want to buy

477
00:25:21,799 --> 00:25:23,559
any of these. I mean I would stay away from

478
00:25:23,559 --> 00:25:25,440
the mean coins and the crap out there that's you know,

479
00:25:25,519 --> 00:25:29,799
the shit coins that no value waitress whatever coin or

480
00:25:29,920 --> 00:25:33,960
the name with crazy Dog, the German Shepherd coin or

481
00:25:34,000 --> 00:25:34,720
whatever is this.

482
00:25:34,599 --> 00:25:36,759
Speaker 3: Week shebo you know or whatever?

483
00:25:36,839 --> 00:25:41,920
Speaker 1: Yeah right, yeah exactly. I actually own forty million coins,

484
00:25:42,200 --> 00:25:42,799
but you knew.

485
00:25:42,960 --> 00:25:46,759
Speaker 3: Oh well, congratulations, what is it? What's the trading at

486
00:25:46,759 --> 00:25:47,319
these days?

487
00:25:47,400 --> 00:25:49,920
Speaker 1: I could tell you the value is about eighteen hundred dollars,

488
00:25:50,279 --> 00:25:52,799
but I figure if it goes to a dollar ever,

489
00:25:53,480 --> 00:25:54,440
I'm in great shape.

490
00:25:54,920 --> 00:25:57,240
Speaker 3: Hey, you know what we call we call those, Andrew,

491
00:25:58,000 --> 00:26:02,680
we call them klepto currencies exactly. Yeah, yeah, yeah, you

492
00:26:02,720 --> 00:26:07,359
know the president should be floating, uh crypto. You know,

493
00:26:07,680 --> 00:26:10,400
two days before or a day before he becomes president.

494
00:26:10,440 --> 00:26:12,079
There's no excuse for that.

495
00:26:12,839 --> 00:26:15,559
Speaker 1: And but I do like crypto aside from all that

496
00:26:15,559 --> 00:26:16,880
crap that goes on, because a lot of craft that

497
00:26:16,920 --> 00:26:20,440
goes on around the crypto universe, just like just like markets,

498
00:26:20,440 --> 00:26:22,519
by the way, with with with SPACs and some of

499
00:26:22,519 --> 00:26:24,119
the I p o s and some of the bad

500
00:26:24,160 --> 00:26:26,599
news and the and the trial balloons that are sent up,

501
00:26:26,599 --> 00:26:28,880
and the bad earnings reports and the expectation. I mean

502
00:26:28,920 --> 00:26:31,039
there's all that in finance. You know why because there's

503
00:26:31,079 --> 00:26:34,400
money to be made. Yeah, and it's going to happen. Yeah,

504
00:26:35,279 --> 00:26:37,319
generally speaking, you know, stay with the big boys.

505
00:26:37,680 --> 00:26:39,359
Speaker 3: Uh only in the theory.

506
00:26:39,640 --> 00:26:42,640
Speaker 1: Huh Yeah, those those are I don't know. I'll stop

507
00:26:42,680 --> 00:26:43,400
there those two.

508
00:26:43,920 --> 00:26:46,279
Speaker 3: All right, I'll buy it. So just tell us where

509
00:26:46,279 --> 00:26:48,519
we find your podcast. Where we find you Andrew?

510
00:26:49,000 --> 00:26:51,240
Speaker 1: Yeah, you go to YouTube, which we don't have a

511
00:26:51,359 --> 00:26:53,319
big following on YouTube because we just started that. Actually

512
00:26:53,359 --> 00:26:56,279
we don't have any video. Amazon Music is pretty big,

513
00:26:56,279 --> 00:27:00,000
and uh, of course over at Spotify and Apple. Podcasts

514
00:26:59,680 --> 00:27:02,680
that Diciplined Investor dot com or just look up the

515
00:27:02,680 --> 00:27:07,599
Discipline Investor podcast or d H Unplugged Brockhart Horowitz Unplugged

516
00:27:08,000 --> 00:27:09,960
is our other podcast, and there's plenty of stuff in

517
00:27:09,960 --> 00:27:12,920
our strategies, what we do, how we do it, all

518
00:27:13,000 --> 00:27:15,039
on The Discipline Investor dot com.

519
00:27:15,119 --> 00:27:17,640
Speaker 3: All Right, Hey, appreciate you coming on. I've gotten questions

520
00:27:17,640 --> 00:27:18,759
for Andrew myself.

521
00:27:18,880 --> 00:27:24,599
Speaker 4: Email klatcarrielots dot com and uh you'll find a link

522
00:27:24,640 --> 00:27:27,200
to Andrew's site in the show notes to this interview

523
00:27:27,279 --> 00:27:29,799
on Financial Survival Network dot com.

524
00:27:29,880 --> 00:27:31,640
Speaker 1: Carrie, what was that book again? I don't remember the

525
00:27:31,680 --> 00:27:32,480
name you?

526
00:27:32,519 --> 00:27:36,119
Speaker 3: All right, The World according to Martin Armstrong World.

527
00:27:36,160 --> 00:27:38,440
Speaker 1: Okay, that's what I missed, The World according to Okay, gotcha,

528
00:27:38,519 --> 00:27:41,359
And it's available on Amazon and wherever.

529
00:27:41,200 --> 00:27:45,079
Speaker 3: Fine books used to be sold. All right, Ben, Hey,

530
00:27:45,240 --> 00:27:47,000
it's great catching up with you. We'll talk to you

531
00:27:47,039 --> 00:27:47,640
again real soon.

532
00:27:47,799 --> 00:27:51,240
Speaker 2: So much, Gerry, thanks for listening to Carrie Letz's Financial

533
00:27:51,279 --> 00:27:56,319
Survival Network, your solution to today's trying times. For the latest,

534
00:27:56,400 --> 00:28:02,160
go to Financial Survivalnetwork dot com. Financial Vival Network now

535
00:28:02,240 --> 00:28:03,039
more than ever