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Speaker 1: The market has ebbs and flaws.

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Speaker 2: I mean, when you look at market history going back

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a couple hundred years, there are good decades followed by

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bad decades followed by good decades, and this is just

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the way the market is gone. You're going to have

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a bad decade where for as long as twenty years

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there may be ups and downs in the market, but

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at the end of that decade or two long.

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Speaker 1: Period, no growth at all in the market.

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Speaker 2: And then those decades are going to be followed by

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decades where you have double digit returns.

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Speaker 3: You are listening to Carrie Let's's Financial Survival Network where

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

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

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Survival Network now more than ever. Go to Financial Survivalnetwork

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dot com and get your free newsletter in gift Financial

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Survival Network now more than ever.

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Speaker 4: And welcome. You are listening to and watching the Financial

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Survival Network. I'm your host, Carrie Lutz. Will had a

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little mini crash yesterday today it's December nineteenth. We had

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the FED cutting rates by twenty five bases points, but

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saying hold on not so fast. If you could believe

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anything they say, and of course the market responded negatively.

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The dollar, interestingly enough, was up. Rates went up. The

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thirty year went up to roughly four point seven and change,

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what is going on here? Let's talk with our good

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friend Anthony's carro get the load. Anthony. Great to have

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you back. So what what the heck happened yesterday?

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Speaker 2: Yeah, Kerry, thank you for having me that great to

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be here on FSN. Love your show. Yeah, yesterday was interesting.

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You know, when I looked at the stock market in

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the morning, it was up, you'll up a decent amount,

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I think, I remember I was up over a couple

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hundred points, and then later in the afternoon, after the

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Fed chair spoke, it wound up going down negatively several percent.

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The reason, as you noted in your introduction, is really

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because of the fact that there was a more of

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a hawkish tone set for twenty twenty five as far

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as lowering interest rates.

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Speaker 1: At the beginning of this year.

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Speaker 2: You might remember that, you know, the Federal Reserve is

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going to lower interest rates six or seven times this year,

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and that didn't materialize. They've lowered interest rates by you know,

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now one hundred brips, including yesterday, and they were widely

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expected to go maybe another one hundred BIPs next year,

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but the hawkish tone essentially said no, not so fast.

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You know, we might not do that, We might not

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need to do that, And of course the sock market

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doesn't like that. The sock market's been banking on low

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rates for decades, quite finkly and really other than the

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past couple of years of rates bet up, they've been

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banking on rates continuing to go down.

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Speaker 1: So when Jay.

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Speaker 2: Powell talks about the fact that, you know, they may

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not have to lower them as much next year, that sent,

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you know, the stock market in somewhat of a tail spin.

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And I think it was the tenth day in a

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row that the Dow Jones was down, something that hadn't

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happened since. That hasn't happened since like the mid seventies

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of them correct, So it all had to do with

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that hockage tone. That's primarily what happened with the market yesterday.

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Speaker 4: Well so interestingly enough, if we had this election, as

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he said, free call capitalism or whatever you call it,

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freedom is good for another four years. Anyways, we had

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the failure of the continuing Resolution and pork Leyden spending

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in the Congress, and that was only going to take

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us for three months. And yet in the rest of

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the world, all their governments are crumbling, from Canada to France,

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to West Germany to China. Now that Trump's been elected,

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don't you think that the international flow of funds is

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going to go way, way up to the US. It's

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already high because of the relative safety. You know, we're

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the best We're the best looking house in Baltimore. But

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now the house has got some new drapes and a

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paint job, and and the lawn's been trimmed and put

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in some sod and we're looking really good. It's going

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to be a flood of money here, isn't it.

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Speaker 2: Yeah, it's funny that, you know, the cleanest dirty shirt

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of the lobby basket, right, you know, And I agree

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with that everything is going haywire, you know, internationally and globally,

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and America is certainly the you know, the highlight of

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world economics. And you're right, that flood of money is

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going to come in. It's going to make the dollars stronger,

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it's going to make it harder for exporters to come in.

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And then if Trump adds the tariffs, which we we

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know that he's going to do. They're already there from

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his pre era. He's talked about adding them, you know,

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additional that's going to make things more expensive as well too.

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The concern that I think the fad has and why

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they were so hot as yesterday, is because GDP is

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doing really well.

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Speaker 1: That was also shown in the report that came out today.

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Speaker 2: I think it came out at three three point one

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percent if I looked correctly. But the reality is that

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GDP is strong, the labor market's strong, inflation is tained,

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and everything looks good, and people are feeling good about

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going forward.

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Speaker 1: Now.

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Speaker 2: That is if you're in the Trump camp. If you're

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in the not so Trump camp, then you might not

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be feeling so good. But the general sentiment, consumer sentiment

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is up a little bit, and people are feeling good.

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Speaker 1: It's the wealth effect.

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Speaker 2: The wealth effect is a very simple effect that says,

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the better you feel about life, the more you're willing

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to spend. And right now everyone is feeling pretty good,

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so people are out there willing to spend, and even internationally,

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people are feeling good about America. So it's not just nationally,

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but it's also internationally and if you're going to be

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investing where you can invest one of the countries that

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you mentioned, or you know, the country where everyone including

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its own citizens, are feeling good about going forward. The

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concern that I have, though, is that the market has

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ebbs and flows. I mean, when you look at market

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history going back a couple hundred years, there are good

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decades followed by bad decades followed by good decades, and

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this is just the way the market is gone. You're

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going to have a bad decade where for as long

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as twenty years there may be ups and downs in

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the market, but at the end of that, you know,

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decade or two long period no growth at all in

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the market, and then those decades are going to be

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followed by decades where you have double digit returned and

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you know, that's just the way history is. If you

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go back the last two decades, you go back twenty

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five years to the beginning of the century, from two

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thousand to twenty thirteen, there was no growth in the market.

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Speaker 1: Crash of oh one and a recovery.

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Speaker 2: We had the crash of eight and a recovery, but

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no growth over that thirteen year time period. And then

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from you know, for the last fourteen years, the market

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has gone up well over fifteen percent a year. So

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we've followed the trends that we've seen over a couple

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hundred years. We had a bad decade and then we

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had a good decade. And if history repeats itself, as

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we know that cycles do repeat themselves hence the term cycle, uh,

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then you know we could be in for not such

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a good decade going forward. And all the bad decades

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start with the major crash. The crash of the decade

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starting from two thousand to twenty thirteen started with that

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fifty percent crash in the tech stocks, you.

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Speaker 1: Know as well.

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Speaker 2: And by the way, since we're at it, if you

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go back and you look a few years before, you

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look at nineties ninety seven to ninety nine to even

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two thousand.

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Speaker 1: The market went straight up.

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Speaker 2: And if you take a look at what's happened in

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the last couple of years, market's been up over twenty

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percent for two years in a row. Now it's what

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if it closes above this level, it looks like it's

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going to and that's something that's happened only four times

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in the last hundred years. And after that, the story

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is mixed, but the reality is that that that signals

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just from an economic standpoint, it signals the fact that

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we could have problems ahead. And my biggest fear carriers

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that people that are in their sixties a little bit

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behind in retirement, getting that FOMO caught up in this.

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I'm gonna take all my retirement money and throw it

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in in video or go it in you know, the

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the QQQ.

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Speaker 1: Right, go it in NASDAC.

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Speaker 2: And now all of a sudden, right before they want

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to retire in the next you know, one to five years,

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the market crashes.

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Speaker 1: Now they can't even retire.

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Speaker 2: And that's the biggest fear that I have for the

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baby boomers, the biggest generation you know at this point

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that's that's ever retired. So a lot going on, a.

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Speaker 4: Lot going on. So where do you think AI fits

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into all this, Anthony? I think, Look, I'm a broad

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test owner, not because I think I'm saying the world.

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I'm probably doing more harm to it than anyone driving

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their big Mercedes. Maybe not, who knows. I don't really

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care about it. I love the experience, but I'll tell

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you what. The latest update for full self driving, as

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they call it, supervised FSD is I'd say ninety eight

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percent of the way there. When I first started with

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the FSD, which was two and a half years ago,

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after they released it to the general public, that thing

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was scary in certain instances. You had to watch it

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like a hawk. Now the thing could drive in New

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York City and avoid New York City taxis. It's a

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freaking amazing thing here. But what is really amazing is

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six months ago I said, and maybe six months a

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year a guy I said, Oh, it'll be five to

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ten years before they work this out. Now I'm thinking

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six months to a year. And that's the thing. The AI.

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It's not just the AI is growing by leaps and bounds,

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it's the rate at which it's advancing is like nothing

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we've ever seen before in life. Here, Anthony, nothing, and

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that goes for coding. I'm looking at my iPhone, just

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got the update, and you know, I know that the

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new iOS system, a lot of it was written by AI.

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There's no way they could have added all these features

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this quickly without AI. I don't know where we're heading,

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but we're hitting there really quickly. Anthony, Yeah, one hundred percent.

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It is amazing. I don't quite understand it. I've heard

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the CEO of Nvidia talking about it. And when you

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listen to someone who actually knows what they're doing and

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really in the forefront of it, and video is certainly

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on the forefront of that. You know, it is amazing

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exactly what it can do. A couple of things about AI.

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Speaker 2: It certainly is going to be a massive disruptor to

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your business as we know it making everyone more efficient.

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Speaker 1: Uh and it's it's coming at the speed of light.

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Speaker 2: As you suggested, The reality is that we get questions

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from investors fairly frequently, you.

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Speaker 1: Know, wanting to know how do we invest in this?

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And it reminds me of.

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Speaker 2: You know, investing in tech stocks back in you know,

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two three, as we started to come out of the

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tech crash, people were just wanting to do that. Uh men,

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even even back in the late nineties, tech stocks were

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even more so in the late nineties, I would say,

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you know, tech stocks were the thing that people were

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asking about. It then also reminds me of people asking

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us years ago about cannabis. You know, it's like, what's

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that one stock that's going to take us to the

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next level? And what you know, what you have to

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remember is you have to remember that for every Apple,

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there were probably ten thousand Apple want to bees that went.

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Speaker 1: By the wayside that you know, you would have lost

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a lot of money in.

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Speaker 2: And there are people now that are looking for, you know,

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for what is the next Apple in the AI space?

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And I don't think you want to be looking for

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the one stock to take your money and just put

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it into one company.

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Speaker 1: Not a wise thing.

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Speaker 2: To do, you know, if you're going to focus on

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the AHI, or if that's the direction you want to go,

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I think what you really be better off doing is

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focus in on companies that are utilizing AI to some degree,

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regardless of what platform that they're using. But AI itself

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is very in some ways scary. I mean, if you're

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not excited out of your mind or scared out of

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your mind by AI, I think you just don't understand it.

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It's it's going to be one or the other. And

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quite frankly, I'm a little bit of both, you know.

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I you know, on a very simplistic level, I almost

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don't write an email anymore. Without AI. I can tell

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chat GPT what I want the email to say, and

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it spits it out A professional email in about ten

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seconds that what might take me fifteen twenty minutes to write,

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even if it's a simple email and it's a copy

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and paste. You know, that's very simplistic using AI for

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our business. I've got all of my team members using

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AI when it comes to things like putting job advertisements.

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You know, AI, when it comes to more advanced AI

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in the pharmaceutical world, can analyze you and analyze the

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results of a test in a mathematical way that you

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and I or any human being could just never do.

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And it's going to accelerate. It's going to accelerate some

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of the cures that we potentially have by being able

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to take massive amount of data and analyze them and

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then give you and I, you know, the results. So

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you know, so the reality is is is there's tons

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of positive and all of that excites me. What doesn't

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excite me is the fact that you now can be

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someone that you're not so and there's a lot of

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ways to do that. You know, we you know, on

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a very simplistic form. You know, we're hiring people. I

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just hired three new people that are all starting within

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the next two weeks. And the reality is when they

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submit their resume. I really now have no idea whether

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it's their resume or AI.

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Speaker 1: So you don't really I mean, you don't really know

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whether it's them.

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Speaker 2: You know, before if I would see a resume, you know,

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going back twenty years, I want to hire someone. If

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there's a spelling error or something, I know that they're

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not attention to detail, and it's something that I keep

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in my mind. Maybe I don't hire them because of that.

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Maybe I do, but I know that it's their resume.

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I can see their writing style, I can see how

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they think. I can see if they run all their

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paragraphs together. I can see whether they're spelling errors or

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grammatical errors, or whether they have a flow. Nowadays, you

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take whatever you are put it in the AI. You

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could just give them a couple of sentences and it's

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going to make you look like anything you want to

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look for.

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Speaker 4: A congenius, like a genius either it'll really know anymore.

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Speaker 2: Oh yeah, And that's that's on a simplistic level, but

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on a more advanced level. I was watching a video

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the other day of one of my buddies who created

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a presentation, and at the end of the presentation was

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about a fifteen minute presentation. We were watching great presentation.

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At the end of the presentation, he got up on

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stage and said, that wasn't me. You know, we were like, well,

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what do you mean that wasn't you. The reality is

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it was all Ai generated. It was him talking, but

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it was typed in the script talking. And you now

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can go hijack any other person and essentially get them

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to say things that looks like it's coming out of

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their mouth, but it's not really them. And that's the

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scary side of things there right now, not right?

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Speaker 1: Yeah, it is writing.

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Speaker 4: Well, I just wrote a book. I took a compilation

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of all my interviews with noted economist Martin Armstrong, been

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interviewing him for fourteen years. I had to transcripted, I

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had to clean up the transcript, and then I would

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write things down to create summaries and key takeaways. But

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it formatted it and it's almost perfect, and they're just

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waiting for the go ahead, and it's going to go

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press and I think it's a valuable book. He was

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when I first started interviewing him in twenty eleven. Stock

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market the Dow Jones was at just under twelve thousand.

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He assured me it was going to thirty five and

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then forty five. In twenty eighteen, he said it would

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hit forty five thousand somewhere between twenty two and twenty four.

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You spot on point is, you know, I think the

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world needs to know about this, and I wouldn't be

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able to publish it without the AI. It would have

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cost me tens of thousands of dollars. I would have

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had to have the thing transcribed and then edited and

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then cleaned up. I would have paid an editor probably

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twenty five to fifty thousand dollars to get this book

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to the point where it is now. So it's a

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force multiplier if you use it right. But at some

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point it's like, what does it need us.

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Speaker 1: For at all? That's right? Yeah, You're a hundrederent it right.

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Speaker 2: And I'm going to be coming out with my second

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edition here, and I'm going to I'm going to do

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some rewrites on it probably over the course of the

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next twelve months. And the first time I wrote the book,

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we didn't have AI, and it was all you know, handwritten,

329
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you know, and all my thoughts and everything else. But

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there's some things I want to change, and I know

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that I'll be able to go in copy a paragraph

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that's currently there, plug it into AI, and tell it

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this is what I want to change about it. Change

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this number to this, change this number to this, bring

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the current you know, the current statistic up to this,

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and it will just do it automatically. And it's just

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it's scary, amazing. But it's also very efficient as well too.

338
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And you know, and I think the efficiency of it

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as we start to learn how to use this, companies

340
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start to learn how to use it. I think it

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is going to go directly to the bottom line of companies.

342
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And I think that it's something that should be exciting,

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something that people, you know, will be excited about. And

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there are people that are worried about it's going to

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take jobs. I think as many jobs as it may take,

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I think it will also replace because of the fact

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that there are still has to be human beings, you know,

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behind the scenes.

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Speaker 1: At least.

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Speaker 2: I don't believe it's ever going to run by itself.

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You know, some people say that AI is going to

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take over the world and you know, collapse the world.

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That to me, that's garbage. I just don't see that happening.

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Speaker 4: Yeah, Well, it's it's so interesting because you know, if

355
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you really know how to program the AI, you can

356
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program it to like automatically scan your emails consistently, shoot

357
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out a summary every time one comes in tell you

358
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which is garbage. You know, you can do things with it,

359
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updating calendars, writing stuff. I mean, you can basically automate

360
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eighty percent of your workflow. So it's going to be interesting,

361
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that's for sure. In the meantime, before AI takes over,

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humans are going to be running the show. Do we

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expect more of the same from Trump? Or is this

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really this administration going to be different? You and I

365
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were really close in age. We've seen a lot of

366
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administrations come and go, making promises, most of them never fulfilled.

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The only times I ever saw an administration that really

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wanted to change things like this where JFK, which I

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was kind of young, he won the nineteen sixty election

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and Reagan and then Reagan he was talking about the

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Federal Reserve and all of that. Then there was the

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assassination at times on him, and then it just became

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more of the same, right, the corruption which led to

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the Bush corruption, the CIA I ran contra. Are we

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going to see something different this time?

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Speaker 2: So, you know, the first thing about Trump, I know,

377
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you know, people love him where people hate him. I

378
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don't necessarily love the antics and the criticisms, and you

379
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know how he deals with things. But we're not hiring

380
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you know, we didn't hire an emotional therapist. We hired

381
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someone to run the country. And you have to have

382
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a backbone to run the country. And if Trump had anything,

383
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it's a backbone that you know, most people couldn't handle

384
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anything that or any any any of the things that

385
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he's gone through and then still come out. You know,

386
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in the first four years, he did what he said

387
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he was going to do, and you know, putting tariffs.

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Speaker 1: There were no wars in that four year time period.

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Speaker 2: I strongly believe that, you know, if someone with the

390
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backbone had been in the office for the last four years,

391
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I don't think a lot of these wars would have occurred.

392
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I think he would have kept them from occurring. And

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I think that a lot of them will end. Uh,

394
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you know, because he gets back into office, So I

395
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think it's going to be I think it's going to

396
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be more of the same, which was good because he

397
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actually did what he said he was going to do.

398
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Unlight most politicians, he got tax cuts through with tax

399
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cuts and Jobs Act, and that you know, helped increase

400
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profitability for for for companies. And a lot of people

401
00:20:55,200 --> 00:20:57,200
don't understand that, you know, if you're on the left

402
00:20:57,319 --> 00:20:59,640
or you want to tax the rich, the reality is

403
00:20:59,680 --> 00:21:03,279
it's the rich that give everybody else jobs. You know,

404
00:21:03,319 --> 00:21:06,039
this year, we're just finally finalizing up with our taxes.

405
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And I paid over a million dollars in taxes this year.

406
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And I was talking to my staff, one of my

407
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staff members the other day, and I said, you realize that,

408
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you know, if I'd paid half that amount, I could

409
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hire ten more people. And that means that you have

410
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ten more people that are actually out there productive, buying stuff,

411
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paying sales tax, paying income tax, and and and it's

412
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not because they you know, it's it's because of the

413
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fact that that it's pro growth and Trump is pro

414
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growth and all of his policies are pro growth. And

415
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I and I think because of that, the next you know,

416
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at least nine months or a year, I think are

417
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going to be good. It goes back to the cycles

418
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we talked about carry that at some point in time,

419
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it doesn't matter whose president's cycles are going to happen,

420
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and anything geopolitical could happen to cause us to you know,

421
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to turn around.

422
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Speaker 1: So yeah, I think it's going to be more of

423
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the same, which is good.

424
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Speaker 2: But the one concern that I could have, and it's

425
00:21:57,119 --> 00:22:00,279
it's not a major concern by any means, is that

426
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this is his last term and because he doesn't have

427
00:22:03,920 --> 00:22:06,799
anything at this point to lose, you know, the question.

428
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Speaker 1: Is does he go overboard a little bit? He is

429
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zealous for this country. I believe that.

430
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Speaker 2: I believe that as a businessman, he sees the debt

431
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we're in. You know, you can look at any company

432
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and realize there's waste in the company. You could look

433
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at the government, Oh my gosh, how many billions of dollars.

434
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Speaker 1: Of waste are there.

435
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Speaker 2: The fact is that he's got doze started or you know,

436
00:22:27,880 --> 00:22:31,319
going to go that jaction with Musk. There there is

437
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so much waste and you know, so I think all

438
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that's good. But does he go a little bit overboard

439
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because he doesn't have anything to lose? That's the one

440
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concern that I you know, that that I could have,

441
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although I don't, I'm not terribly concerned about it.

442
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Speaker 4: Well that's a plus and a minus, right, And what

443
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is overboard when the country's got, you know, facing upwards

444
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of forty trillion dollars in debt by the end of

445
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next year, can you go too far overboard?

446
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Speaker 1: Yeah, that's a great point.

447
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Speaker 2: And you know, if they go in, it's scary to

448
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me to think how much waste they can actually cut out.

449
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Speaker 1: It's just going to be hard to do.

450
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Speaker 2: What you have is you have government agencies that were

451
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started for some reason and had a mandate and then

452
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started moving into other things that they were never even

453
00:23:16,519 --> 00:23:18,839
supposed to do moving and then no one ever checks up.

454
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There's no guardrails on any of that stuff. And now

455
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you've got tons of agencies that are overlapping each other,

456
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and you go in and clean that up. The hundreds

457
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of billions of dollars is just you know that they

458
00:23:31,319 --> 00:23:33,960
could save and no one would notice. You know, I

459
00:23:34,000 --> 00:23:36,480
guarantee you no one would notice with all these you know,

460
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all this space that is going on, which is.

461
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Speaker 4: Great because you know, we have five hundred somewhat agencies.

462
00:23:44,440 --> 00:23:46,880
They said, I remember it's four hundred or five hundred.

463
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Musk wants to cut it down to one hundred. Do

464
00:23:50,640 --> 00:23:53,119
you think most the average person's going to notice other

465
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than the consultants and the people living off the fat,

466
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the grifters. Will anyone notice it? To Anthony, No, that's

467
00:24:01,480 --> 00:24:02,880
the thing is, they're not even gonna notice.

468
00:24:02,880 --> 00:24:06,480
Speaker 2: There's so many different you know, bureaucracies going on right now.

469
00:24:06,519 --> 00:24:09,240
And that's one of the things with you know, last time,

470
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you know, where he deregulated a lot of things. Look,

471
00:24:13,319 --> 00:24:17,480
I'm for regulation. I think regulation needs to be there.

472
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You can't just let the banking system run willy nilly

473
00:24:21,000 --> 00:24:24,720
without any type of guardrails or without any kind of oversight.

474
00:24:24,920 --> 00:24:27,559
Regulation is a big deal. But you can have too

475
00:24:27,640 --> 00:24:30,920
much regulation. You have to give corporations the ability to

476
00:24:31,200 --> 00:24:33,000
you know, in the freedom to be able to operate

477
00:24:33,079 --> 00:24:36,480
within a structure. And the more regulation you put on them,

478
00:24:36,480 --> 00:24:40,440
the less choices we have, and the more winds up

479
00:24:40,440 --> 00:24:44,599
costing just for compliance purposes, and the less effective.

480
00:24:44,160 --> 00:24:45,759
Speaker 1: Where you know, we're going to be.

481
00:24:45,960 --> 00:24:49,839
Speaker 2: As capitalists and as owners of these corporations. And so

482
00:24:49,960 --> 00:24:53,960
when you deregulate, it doesn't mean deregulate to where you allow.

483
00:24:53,720 --> 00:24:54,960
Speaker 1: Everyone to be irresponsible.

484
00:24:54,960 --> 00:24:58,480
Speaker 2: It just means let them do their business within certain confines,

485
00:24:59,519 --> 00:25:02,799
and that is good for business. So that's another reason

486
00:25:02,799 --> 00:25:05,599
why I think the next four years is possibly.

487
00:25:05,160 --> 00:25:08,799
Speaker 1: Going to be good. But the reality is is these

488
00:25:08,799 --> 00:25:10,720
cycles still are concerning.

489
00:25:11,920 --> 00:25:16,440
Speaker 4: Yeah, the cycles, the debt cycle. You know, just getting

490
00:25:16,519 --> 00:25:18,400
rid of a few wars has got to be a

491
00:25:18,440 --> 00:25:20,079
big plus for the world.

492
00:25:20,240 --> 00:25:24,240
Speaker 2: Huh, yeah, that's right, one hundred percent. And I you know, again,

493
00:25:24,279 --> 00:25:27,359
I don't think that the wars would have started if

494
00:25:27,400 --> 00:25:31,000
in fact Trump had been in office. And I do

495
00:25:31,079 --> 00:25:33,319
think that they've they've got the ability to come to

496
00:25:33,359 --> 00:25:35,519
a resolution. He just has the backbone to do it.

497
00:25:35,559 --> 00:25:40,359
And you almost feel like Putin knows that he'll do

498
00:25:40,400 --> 00:25:42,759
what he says he's going to do. You know, he's

499
00:25:42,799 --> 00:25:46,839
done it before. China is a concern, you know, Shiji Ping,

500
00:25:47,160 --> 00:25:50,119
you know over there, that's one of the bigger concerns

501
00:25:50,160 --> 00:25:50,359
to me.

502
00:25:51,079 --> 00:25:53,720
Speaker 1: And the potential technological warfare.

503
00:25:53,960 --> 00:25:56,119
Speaker 2: You know, their military is built up a lot more

504
00:25:56,160 --> 00:25:59,359
than ours there if they've surpassed us at a military standpoint.

505
00:25:58,920 --> 00:26:00,000
Speaker 1: Over the last four years.

506
00:26:00,400 --> 00:26:02,519
Speaker 2: So we've got to get back in and you know,

507
00:26:02,559 --> 00:26:04,960
we don't necessarily need to get to a point.

508
00:26:04,680 --> 00:26:06,960
Speaker 1: Where we're we're better than they are.

509
00:26:07,839 --> 00:26:09,640
Speaker 2: We need to get to a point where we can

510
00:26:09,720 --> 00:26:12,359
just defend ourselves if they attack us and make it

511
00:26:12,440 --> 00:26:14,519
so that they can't attack us, or if they do

512
00:26:14,599 --> 00:26:19,480
attack us from a you know, the standpoint of technology, that.

513
00:26:19,440 --> 00:26:21,480
Speaker 1: It's going to be too expensive for them.

514
00:26:21,559 --> 00:26:23,240
Speaker 2: So I feel like we're behind and that a we

515
00:26:23,319 --> 00:26:25,279
in and I feel like that if there's one area

516
00:26:25,279 --> 00:26:29,119
that they could get us, it is that technological killing

517
00:26:29,160 --> 00:26:29,640
the Internet.

518
00:26:29,640 --> 00:26:31,160
Speaker 1: What would happen if the Internet got killed?

519
00:26:31,960 --> 00:26:35,759
Speaker 4: Oh man, that would be a massive instantaneous depression.

520
00:26:36,160 --> 00:26:38,799
Speaker 2: Yeah, I mean, think about banks not being able to

521
00:26:38,799 --> 00:26:42,200
access your money anymore. We're so reliant on the Internet,

522
00:26:42,519 --> 00:26:44,759
and that takes us back to AI. Carry I believe

523
00:26:44,839 --> 00:26:47,519
that in the next two to five years we're going

524
00:26:47,559 --> 00:26:50,240
to be just as reliant on AI everybody as as

525
00:26:50,279 --> 00:26:52,119
we are now on the Internet. And that's kind of

526
00:26:52,160 --> 00:26:54,440
what you were alluding to at the beginning of the show,

527
00:26:55,160 --> 00:26:58,480
is that that's where it's going. You know as well too,

528
00:26:58,559 --> 00:27:00,920
is we're going to be reliant on that more so

529
00:27:01,000 --> 00:27:04,279
than the Internet. Imagine not having to go to uh

530
00:27:04,519 --> 00:27:08,000
to Google. Imagine just being able to type in whatever

531
00:27:08,039 --> 00:27:10,119
you want to Google an intent of having a whole

532
00:27:10,119 --> 00:27:12,319
bunch of you know, Google basically says you type in

533
00:27:12,400 --> 00:27:14,000
something you go, hey, I have a question about this

534
00:27:14,079 --> 00:27:16,559
Google basically says I don't really know, but here's all

535
00:27:16,599 --> 00:27:18,839
these people to go look at. Now, what's going to

536
00:27:18,880 --> 00:27:21,240
happen is AI is gonna You're gonna type in a

537
00:27:21,319 --> 00:27:23,079
question and you can already do this. We you know,

538
00:27:23,119 --> 00:27:25,119
you type in a question about anything, and now it

539
00:27:25,279 --> 00:27:28,200
knows and it takes all that information, assimilates it just

540
00:27:28,279 --> 00:27:30,839
like that and gives you whatever you want. It'll give

541
00:27:30,880 --> 00:27:33,119
you a college page report or if it'll give you

542
00:27:33,119 --> 00:27:35,359
a one paragraph sorry, depending on what you tell it.

543
00:27:35,960 --> 00:27:40,599
Speaker 4: Yeah, well, imagine when uh, one day when you say, what,

544
00:27:40,599 --> 00:27:41,319
what's Google?

545
00:27:42,279 --> 00:27:43,960
Speaker 1: That's right, that's exactly because.

546
00:27:43,759 --> 00:27:47,920
Speaker 4: You're not gonna need Google anymore, basically, right, it's gonna

547
00:27:47,960 --> 00:27:50,359
be right, We're gonna not anymore.

548
00:27:50,559 --> 00:27:52,720
Speaker 2: Yeah, you're not. Yeah, you're not gonna need it. It's

549
00:27:52,759 --> 00:27:54,799
it's going to be outdated or you know. And and

550
00:27:54,880 --> 00:27:58,720
they're they're keeping up with it. So if they're smart,

551
00:27:58,759 --> 00:28:00,680
they'll keep up with the AI great, and you'll still

552
00:28:00,720 --> 00:28:03,200
need them, but it won't be to the degree that.

553
00:28:03,200 --> 00:28:04,160
Speaker 1: We're using them right now.

554
00:28:04,599 --> 00:28:07,839
Speaker 4: Yeah, all right, Well, a lot of interesting things come

555
00:28:07,920 --> 00:28:10,640
and Anthony, tell us where do we find you? How

556
00:28:10,640 --> 00:28:12,039
do we connect with you on the web?

557
00:28:12,440 --> 00:28:15,680
Speaker 2: Yeah, thank you, so, Anthony, scar dot com is a

558
00:28:15,680 --> 00:28:21,200
great place to go, and More Life than moneybook dot

559
00:28:21,240 --> 00:28:23,119
com is a great place to go as well too

560
00:28:23,440 --> 00:28:26,359
if you want to read about the ten most common

561
00:28:26,400 --> 00:28:30,359
mistakes that retirees make in retirement and how to avoid them.

562
00:28:30,400 --> 00:28:35,359
So Anthony Sicaro dot com or More Life than Money.

563
00:28:35,599 --> 00:28:38,640
Speaker 4: All right, excellent. Hey, there's a link in the show

564
00:28:38,680 --> 00:28:42,079
notes of this interview on Financial Survival Network dot com.

565
00:28:42,279 --> 00:28:44,440
Please sign up for your free newsletter when you go there,

566
00:28:44,480 --> 00:28:49,480
like sixty thousand other FSN members have. And I've got

567
00:28:49,480 --> 00:28:52,720
a question for Anthony or myself or AI. Tell us

568
00:28:52,720 --> 00:28:56,000
your experiences with AI, how it's helped you, how it's

569
00:28:56,079 --> 00:28:59,160
hurt you. Kl at Carrie lets dot com is the

570
00:28:59,200 --> 00:29:02,319
email address, Anthony. Appreciate your stopping by. We'll talk to

571
00:29:02,359 --> 00:29:02,880
you again soon.

572
00:29:03,079 --> 00:29:04,359
Speaker 1: Gary, thanks for having me.

573
00:29:04,400 --> 00:29:08,519
Speaker 3: Thanks for listening to Carrie Letz's Financial Survival Network, your

574
00:29:08,599 --> 00:29:12,440
solution to today's trying times. For the latest, go to

575
00:29:12,599 --> 00:29:18,519
Financial Survivalnetwork dot com. Financial Survival Network now more than

576
00:29:18,599 --> 00:29:18,839
ever