1
00:00:00,200 --> 00:00:04,240
Speaker 1: When you look at investors, as we are getting so

2
00:00:04,400 --> 00:00:07,719
used to the tariffs and the negotiations as it relates

3
00:00:07,759 --> 00:00:10,199
to it, they're not being as spooked as they were

4
00:00:10,519 --> 00:00:14,759
in April when the market really dropped. I think people

5
00:00:14,800 --> 00:00:17,920
are starting to realize that the tariffs are more of

6
00:00:17,920 --> 00:00:21,120
a tactic than just a flat tax all the way

7
00:00:21,120 --> 00:00:24,719
across the board. As the current administration continues to negotiate

8
00:00:24,800 --> 00:00:29,239
back and forth, it's not having the detrimental effect on

9
00:00:29,359 --> 00:00:31,640
the market in the economy as everyone thinks.

10
00:00:31,879 --> 00:00:35,719
Speaker 2: You're listening to Carrie, Let's as financial survival Network where

11
00:00:35,759 --> 00:00:39,159
you get valuable information. You just can't find anywhere else

12
00:00:39,719 --> 00:00:43,320
to thrive in today's trying times. You need the Financial

13
00:00:43,399 --> 00:00:48,479
Survival Network now more than ever. Go to Financial Survivalnetwork

14
00:00:48,520 --> 00:00:52,240
dot com and get your free newsletter and gift. Financial

15
00:00:52,399 --> 00:00:56,079
Survival Network now more than ever.

16
00:00:59,240 --> 00:00:59,840
Speaker 1: And welcome.

17
00:01:00,439 --> 00:01:04,719
Speaker 3: This is Financial Survival Network. I'm your host, Carrie Lutz. Hey,

18
00:01:04,959 --> 00:01:08,599
we're already in June. It's six five, twenty five. We

19
00:01:08,760 --> 00:01:15,359
just got numbers and little soft interest rates. Well, surprise, surprise,

20
00:01:15,400 --> 00:01:19,239
they're coming down. Maybe Trump will actually learn to love

21
00:01:19,599 --> 00:01:23,599
Jerome Powell after all. Edward Siddell is with US now

22
00:01:23,920 --> 00:01:29,000
you find Eddie at EGSI financial dot com. Eddie, welcome back.

23
00:01:29,040 --> 00:01:30,519
So what's your take on the numbers?

24
00:01:31,079 --> 00:01:34,480
Speaker 1: Well, thanks for having me back in. You know, honestly,

25
00:01:35,200 --> 00:01:39,439
we weren't shocked. They're a little soft, and I think

26
00:01:39,480 --> 00:01:41,799
we're going to continue to see a little bit of

27
00:01:41,799 --> 00:01:46,799
a slowdown until rates get lowered. We do believe rach

28
00:01:46,879 --> 00:01:49,400
Or they are going to lower rage, probably in not

29
00:01:49,519 --> 00:01:51,879
in this next meeting, but they are going to lower

30
00:01:51,879 --> 00:01:54,680
them once, if not a couple times by the end

31
00:01:54,680 --> 00:01:56,439
of the year. They're they're going to have to. I mean,

32
00:01:56,439 --> 00:02:00,000
they're already late to the game. Although, like right before

33
00:02:00,040 --> 00:02:03,319
we started, I was shocked at University of Michigan's projection

34
00:02:03,480 --> 00:02:07,200
for inflation going up six and a half percent next year.

35
00:02:07,200 --> 00:02:09,479
I don't know where they got that number, promos actually

36
00:02:09,479 --> 00:02:14,000
trying to find the report before we started. But yeah,

37
00:02:14,039 --> 00:02:17,280
that's well. I think it has also a lot to

38
00:02:17,319 --> 00:02:21,080
do with the tariffs and how they're projecting the tariffs

39
00:02:21,400 --> 00:02:24,439
and the impact that that's going to have. But again,

40
00:02:25,000 --> 00:02:27,919
you know, six and a half percent is super high.

41
00:02:27,960 --> 00:02:31,879
Speaker 3: It's ridiculous, but you know, it all depends how you

42
00:02:31,919 --> 00:02:35,000
calculate inflation. But the way the e Conherence Department does

43
00:02:35,120 --> 00:02:41,159
now labor statistics then probably is spot on, especially if

44
00:02:41,199 --> 00:02:43,120
gas prices stay down right.

45
00:02:43,599 --> 00:02:47,360
Speaker 1: Right right absolutely, And you know that's really the whole

46
00:02:47,360 --> 00:02:51,919
thing is when we're looking at inflation, if energy prices,

47
00:02:52,000 --> 00:02:57,080
gas prices are down, that really transcends the entire economy

48
00:02:57,120 --> 00:03:00,520
because we're a patrollum based economy from you know, not

49
00:03:00,599 --> 00:03:04,680
just transportation, but you know, all the way to pharmaceuticals,

50
00:03:04,680 --> 00:03:07,319
all the way across the board. So if those costs

51
00:03:07,319 --> 00:03:10,800
are lower, how can inflation be be rising? Yeah?

52
00:03:10,840 --> 00:03:13,719
Speaker 3: But what about the Green New Deal? You know, like

53
00:03:13,800 --> 00:03:16,360
you're just gonna put a solar cell on top of

54
00:03:16,360 --> 00:03:19,840
your car and you're going to go from there, right.

55
00:03:20,039 --> 00:03:22,919
Speaker 1: Well, that that's right, that's right. Did you see the

56
00:03:23,639 --> 00:03:27,560
report that came out today to beware of those solar

57
00:03:27,599 --> 00:03:30,800
panels and and inverters coming from China that they are

58
00:03:30,800 --> 00:03:38,159
now finding software in the inverters that that's yeah, crazy, crazy, creazy.

59
00:03:37,919 --> 00:03:40,479
Speaker 3: Did that come from? I mean, what's going on here?

60
00:03:40,520 --> 00:03:43,280
Do you? I mean, this world gets crazier by the day,

61
00:03:43,319 --> 00:03:43,960
don't you think?

62
00:03:44,960 --> 00:03:47,960
Speaker 1: It almost sounds like you can't make this stuff up?

63
00:03:48,360 --> 00:03:50,879
You really really can't. All the way across the board.

64
00:03:51,000 --> 00:03:55,400
It's just it's it's nuts to include, you know, the

65
00:03:55,680 --> 00:04:02,719
Reconciliation bill, some of the that been the big beautiful

66
00:04:02,879 --> 00:04:06,319
one bill all wrapped in one where we're adding to

67
00:04:06,400 --> 00:04:10,360
the national debt. You know, if if you especially look

68
00:04:10,360 --> 00:04:14,120
at the CBO report and again how they calculate these numbers,

69
00:04:15,120 --> 00:04:17,519
how they discount it. You know, it goes back to

70
00:04:17,519 --> 00:04:20,800
that old saying there's lies, there's damn lies and their statistics, right,

71
00:04:22,120 --> 00:04:25,639
So it's amazing how they can make the numbers look

72
00:04:25,759 --> 00:04:26,560
however they want.

73
00:04:26,839 --> 00:04:33,399
Speaker 3: Yeah, well it's not really amazing, is it. So this

74
00:04:33,480 --> 00:04:36,879
is a case of been there, done that, and got

75
00:04:36,879 --> 00:04:42,600
the T shirt? Right, Yeah, absolutely absolutely it. I think

76
00:04:42,639 --> 00:04:43,480
the one thing.

77
00:04:43,319 --> 00:04:46,319
Speaker 1: That probably bothers me more than anything else, you know,

78
00:04:46,360 --> 00:04:51,480
with it being in the Senate, in the one issue,

79
00:04:51,480 --> 00:04:54,680
it almost seems like there's a couple of senators grandstanding

80
00:04:55,079 --> 00:04:58,759
just to get the publicity, uh with with without a

81
00:04:58,759 --> 00:05:02,399
whole lot of support behind it, you know, in what

82
00:05:02,439 --> 00:05:06,120
they're really saying. It seemed like Senator Hallie is kind

83
00:05:06,120 --> 00:05:09,000
of backing down a little bit and going along with

84
00:05:09,079 --> 00:05:11,959
it because the reality is we have to extend the

85
00:05:11,959 --> 00:05:14,800
current tax cuts. If we don't, it is definitely going

86
00:05:14,839 --> 00:05:16,959
to tumble, not just the markets and the economy, but

87
00:05:17,000 --> 00:05:21,160
it's going to put us in a very deep recession.

88
00:05:21,279 --> 00:05:22,879
So I think it's going to get passed by the

89
00:05:22,959 --> 00:05:24,959
end of summer. I don't think it'll be by the

90
00:05:25,000 --> 00:05:29,720
fourth of July. But again there's I continue to not

91
00:05:29,839 --> 00:05:30,560
be surprised.

92
00:05:31,120 --> 00:05:35,839
Speaker 3: Interesting. Interesting. So where are we heading here? What do

93
00:05:35,879 --> 00:05:39,040
you think the market's going to do? And where do

94
00:05:39,040 --> 00:05:40,000
you see all this heading?

95
00:05:40,240 --> 00:05:42,639
Speaker 1: Well, so the first thing that has to happen is

96
00:05:42,720 --> 00:05:44,759
we we've got to get the reconciliation bill passed. So

97
00:05:44,759 --> 00:05:48,639
once that happens, then we can start with deregulation from

98
00:05:48,680 --> 00:05:52,000
the energy sector to the financial sector, all the way

99
00:05:52,000 --> 00:05:55,920
across the board. That's going to spur on growth. I

100
00:05:55,959 --> 00:06:00,639
think when you look at investors as we they're getting

101
00:06:00,720 --> 00:06:03,920
so used to the tariffs and the negotiations as it

102
00:06:03,959 --> 00:06:06,439
relates to it, they're not being as spooked as they

103
00:06:06,480 --> 00:06:10,720
were in April when when the market really dropped. I

104
00:06:10,759 --> 00:06:14,199
think people are starting to realize that the tariffs are

105
00:06:14,240 --> 00:06:17,439
more of a tactic than just a flat tax all

106
00:06:17,480 --> 00:06:20,519
the way across the board. As the current administration continues

107
00:06:20,560 --> 00:06:25,040
to negotiate back and forth, it's not having the detrimental

108
00:06:25,079 --> 00:06:29,199
effect on the market in the economy as everyone thinks. Now,

109
00:06:29,360 --> 00:06:32,680
when we're looking at a lot of companies, including Jamie

110
00:06:32,680 --> 00:06:36,680
Diamond and JP Morgan, you know, they're they're cautious, very

111
00:06:36,759 --> 00:06:39,759
very cautious as it relates to you know, their their

112
00:06:39,759 --> 00:06:44,480
future and setting expectations because they want to make sure

113
00:06:44,560 --> 00:06:48,720
that if their earnings aren't where everyone's expecting them to be,

114
00:06:49,160 --> 00:06:51,199
you know, the stock prices aren't going to get that

115
00:06:51,240 --> 00:06:53,160
big of a hit. So we're seeing that all the

116
00:06:53,199 --> 00:06:57,519
way across the board, from Walmart to Amazon, you know, everywhere.

117
00:06:57,600 --> 00:07:01,519
So but that also creates really good buying opportunities. I'm

118
00:07:01,600 --> 00:07:04,519
very bullish on the market. I think it's going to

119
00:07:04,560 --> 00:07:06,920
be positive by the end of the year, all the

120
00:07:06,959 --> 00:07:10,560
way in in every indassy there's a lot of still

121
00:07:10,600 --> 00:07:13,720
really good buys out there, and I think long term,

122
00:07:13,800 --> 00:07:16,279
over the next eighteen to twenty four months, we're going

123
00:07:16,319 --> 00:07:18,000
to see unprecedented growth.

124
00:07:18,639 --> 00:07:22,560
Speaker 3: Yeah, I am inclined to agree with you, barring some

125
00:07:22,839 --> 00:07:27,720
major geopolitical situation. You know, it's like they keep criticizing

126
00:07:27,759 --> 00:07:32,240
Trump like, oh, you just imposed these tariffs and didn't

127
00:07:32,279 --> 00:07:36,120
talk to anybody, didn't do anything. Look post World War.

128
00:07:36,759 --> 00:07:40,000
You know, we're talking eighty years of the US carrying

129
00:07:40,040 --> 00:07:44,439
the world on its shoulders economically and basically dissipating our

130
00:07:44,480 --> 00:07:50,319
wealth and all in the name of being a good superpower,

131
00:07:50,480 --> 00:07:55,879
a nice superpower. And they weren't going to respond, and

132
00:07:55,920 --> 00:07:59,600
they weren't going to react unless Trump did something really drastic.

133
00:07:59,680 --> 00:08:03,720
You know that old story. Yet, the guy's got a

134
00:08:04,720 --> 00:08:06,839
donkey and he's trying to push it up a hill

135
00:08:06,879 --> 00:08:10,240
and it won't go, and it won't go. Then he

136
00:08:10,319 --> 00:08:12,639
takes out a two by four and slams it in

137
00:08:12,680 --> 00:08:15,120
the head. And this guy's watches what are you doing?

138
00:08:15,240 --> 00:08:18,079
What are you doing? He says, he's not paying attention.

139
00:08:18,759 --> 00:08:21,759
But now I got his attention. And that's what Trump did.

140
00:08:21,800 --> 00:08:24,160
He slammed the two by four on the donkey's head.

141
00:08:24,480 --> 00:08:27,160
If he hadn't done that, nobody would have come to

142
00:08:27,240 --> 00:08:29,639
the table. And these deals are going to happen way,

143
00:08:29,680 --> 00:08:33,200
way faster than anybody out there knows, because there's a

144
00:08:33,240 --> 00:08:38,360
secret weapon involved here that I call Trump GPT, and

145
00:08:38,399 --> 00:08:42,879
that is Trump's personal AI assistant. You know, he's used

146
00:08:42,919 --> 00:08:45,279
to having a whole bunch of servants. He's got a

147
00:08:45,320 --> 00:08:48,440
new one. It's an AI servant and they feed in

148
00:08:48,480 --> 00:08:53,039
the trade deals, find how we're being screwed, rewrite the

149
00:08:53,080 --> 00:08:57,120
trade deal with enforcement and say do this or else,

150
00:08:57,799 --> 00:09:01,000
And all the other countries are and hawing, but you're

151
00:09:01,000 --> 00:09:03,000
seeing them line up to make deals here.

152
00:09:04,000 --> 00:09:07,759
Speaker 1: Really, what people don't realize is you keep hearing on

153
00:09:07,879 --> 00:09:10,000
the media, right, I mean, it's they it's just if

154
00:09:10,000 --> 00:09:12,360
it bleeds, it leads, they want to make it gloom

155
00:09:12,360 --> 00:09:15,720
and doom, the sky is falling. But the reality is

156
00:09:15,720 --> 00:09:18,840
is that the US America we hold all the cards

157
00:09:18,879 --> 00:09:22,440
because we're the largest, you know, consumer nation in the world.

158
00:09:22,480 --> 00:09:25,879
We're also the largest det nation, you know, in world history.

159
00:09:25,919 --> 00:09:29,240
But in order to gain access to our markets, you

160
00:09:29,399 --> 00:09:32,240
have to be able to you know, be willing to

161
00:09:32,240 --> 00:09:35,360
play the game. And we're changing the rules and that

162
00:09:35,519 --> 00:09:39,559
and that's huge. And these tariffs, it's affecting China more

163
00:09:39,600 --> 00:09:42,320
negatively than it is US. And people are looking for

164
00:09:42,399 --> 00:09:45,759
other supply chain avenues. When I say people other countries,

165
00:09:45,799 --> 00:09:48,679
not just America. So I think this is good for

166
00:09:48,840 --> 00:09:52,480
the world economy, but especially for US. And that's really

167
00:09:52,480 --> 00:09:55,000
what's most important to hear at home. It is going

168
00:09:55,080 --> 00:09:57,240
to be really good for us long term.

169
00:09:57,559 --> 00:10:00,840
Speaker 3: Yeah, could not agree with you more, it's totally agree

170
00:10:01,360 --> 00:10:05,120
and it had to be done. And you know, the

171
00:10:05,240 --> 00:10:08,519
US has stopped becoming the world's checkbook. That's the intent.

172
00:10:08,720 --> 00:10:14,799
USA ID being eliminated, all these other NGOs being cut out,

173
00:10:14,960 --> 00:10:18,240
and we're going to see. So what about the fact

174
00:10:18,279 --> 00:10:21,840
that Congress isn't even cutting anything from the budget in

175
00:10:21,919 --> 00:10:25,120
this big, beautiful bill. They're basically leaving it all for

176
00:10:25,200 --> 00:10:27,960
Trump to flex his executive muscle.

177
00:10:28,039 --> 00:10:33,240
Speaker 1: Right, well, they are, and that's probably the most disappointing

178
00:10:33,320 --> 00:10:37,200
thing when you have, albeit very slim a majority in

179
00:10:37,519 --> 00:10:44,759
Congress supposedly where there's fiscal conservatives, and even as Doze

180
00:10:44,840 --> 00:10:48,360
was going through and finding all this waste, fraud and abuse,

181
00:10:49,159 --> 00:10:52,840
Congress has to come in and legally reappropriate that otherwise

182
00:10:52,879 --> 00:10:55,759
they continue to receive those moneies. And they won't do

183
00:10:55,879 --> 00:10:59,960
it because they're worried about re election and their constituencies.

184
00:11:00,639 --> 00:11:03,120
So they're leaving it up to Trump to be the

185
00:11:03,440 --> 00:11:08,039
big heavy hand because and here's the issue, if we

186
00:11:08,120 --> 00:11:11,159
don't actually fix this, we're going to continue to be

187
00:11:11,279 --> 00:11:15,120
the world's financial patsy all the way across the board.

188
00:11:15,159 --> 00:11:18,519
Because with these you know NGOs, let's face it, they're

189
00:11:18,559 --> 00:11:23,080
basically government cutouts and we're funding those to do things abroad,

190
00:11:24,080 --> 00:11:26,559
and it's benefiting all these other countries, and we do

191
00:11:26,919 --> 00:11:30,679
have to stop that in order to be fiscally responsible

192
00:11:30,679 --> 00:11:33,200
and be good stores of taxpayer money. And you know

193
00:11:33,240 --> 00:11:35,320
that's money coming right out on you know, my pocket,

194
00:11:35,320 --> 00:11:35,960
in your pocket.

195
00:11:36,960 --> 00:11:42,000
Speaker 3: Agreed, So uh, looking ahead though, basically it's just going

196
00:11:42,080 --> 00:11:44,799
to cut the money off and let them sue. And

197
00:11:44,840 --> 00:11:48,080
I think that the Impoundment Act of nineteen o seven

198
00:11:48,120 --> 00:11:51,960
and four, I think it was is unconstitutional. It rained

199
00:11:51,960 --> 00:11:55,639
in a power that presidents have had since the Republic

200
00:11:55,840 --> 00:12:00,919
was founded. And really, you know, I don't see that

201
00:12:01,240 --> 00:12:03,519
they're going to be able to do anything to stop them.

202
00:12:03,799 --> 00:12:08,559
Speaker 1: It'll be interesting to see how the Supreme Court rules

203
00:12:08,639 --> 00:12:10,200
in what the opinion is going to be on that.

204
00:12:10,440 --> 00:12:14,919
I would be shocked if they rule against Trump and

205
00:12:15,440 --> 00:12:19,399
his authority and power. But again, stranger things have been happening.

206
00:12:19,480 --> 00:12:22,320
So but again it is they're going to leave it

207
00:12:22,399 --> 00:12:24,559
up to him, and you know that's a good thing

208
00:12:24,639 --> 00:12:27,080
because he's going to do what's in the country's best

209
00:12:27,120 --> 00:12:29,399
interest America first, which you have to love.

210
00:12:29,720 --> 00:12:33,200
Speaker 3: Yeah, yeah, absolutely, could not agree with you more. Hey,

211
00:12:33,279 --> 00:12:36,159
So when we have this conversation on June fifth, twenty

212
00:12:36,240 --> 00:12:38,519
twenty six. Where's the market.

213
00:12:38,200 --> 00:12:41,639
Speaker 1: Going to be yet? I think, honestly it's it is

214
00:12:41,679 --> 00:12:44,519
probably going to be at least twenty percent higher than

215
00:12:44,519 --> 00:12:47,600
where it is right now. There are a couple of caveats.

216
00:12:47,679 --> 00:12:50,120
Right here is the caveat. The number one caveat is

217
00:12:50,159 --> 00:12:53,720
the reconciliation bill that has to get done. As soon

218
00:12:53,759 --> 00:12:55,639
as that gets done, then the rest of the dominoes

219
00:12:55,639 --> 00:12:58,679
are going to fall. So that is first and foremost.

220
00:12:58,759 --> 00:13:01,240
There's a couple other things. And like you said earlier,

221
00:13:02,120 --> 00:13:07,120
you know, bar some geopolitical strife. But yeah, I'm and

222
00:13:07,159 --> 00:13:11,120
I'm being very very conservative. We're being more bullish than that.

223
00:13:11,360 --> 00:13:15,279
We have redeployed a lot of cash and capital back

224
00:13:15,320 --> 00:13:21,240
into the markets. We are about three percent invested for us,

225
00:13:21,919 --> 00:13:24,600
so we we believe that strongly. And where the market

226
00:13:24,639 --> 00:13:26,600
and the economy and everything is going over the next

227
00:13:26,759 --> 00:13:27,879
twelve to eighteen months.

228
00:13:28,080 --> 00:13:31,519
Speaker 3: All right, I like it, ed, Just tell us where

229
00:13:31,519 --> 00:13:32,919
we'll find you again, Please.

230
00:13:33,039 --> 00:13:35,559
Speaker 1: EGSI Financial dot com.

231
00:13:35,759 --> 00:13:38,080
Speaker 3: All right. Links in the show notes this interview on

232
00:13:38,240 --> 00:13:43,799
Financial Survival Network dot com. And while you're there, please

233
00:13:43,840 --> 00:13:47,000
sign up for free newsletter. Also we've got a substack.

234
00:13:47,240 --> 00:13:50,039
The link will be in there as well, and a

235
00:13:50,080 --> 00:13:54,840
lot of valuable info excuse me, where we actually discuss

236
00:13:55,440 --> 00:13:59,320
the rise of Trump gpt ed. Appreciate you being on.

237
00:13:59,639 --> 00:14:00,919
We'll talk talk to you again real soon.

238
00:14:01,000 --> 00:14:02,679
Speaker 1: All right, thanks for having me, talk to you soon.

239
00:14:03,039 --> 00:14:07,159
Speaker 2: Thanks for listening to Carrie Letz's Financial Survival Network, your

240
00:14:07,240 --> 00:14:11,080
solution to today's trying times. For the latest, go to

241
00:14:11,240 --> 00:14:15,639
Financial Survivalnetwork dot com. Financial Survival Network

242
00:14:15,960 --> 00:14:17,480
Speaker 1: Now more than ever,