1
00:00:00,040 --> 00:00:02,000
Speaker 1: We got issues right now as a nation as a

2
00:00:02,040 --> 00:00:05,280
result of our overspending. We have issues right now, and

3
00:00:05,320 --> 00:00:09,679
of course that leads to inflation also, higher prices booming economies.

4
00:00:09,720 --> 00:00:13,320
That's inflationary as well. When we reshore Friendshore begin to

5
00:00:13,359 --> 00:00:15,960
manufacture here, unless we can do it in a real

6
00:00:16,079 --> 00:00:19,719
lean way, it's likely to be inflationary and more costly

7
00:00:19,760 --> 00:00:22,399
because we're not doing it at prices where we pay

8
00:00:22,440 --> 00:00:24,800
people a lot cheaper to live.

9
00:00:25,039 --> 00:00:28,839
Speaker 2: You are listening to Carrie Letz's Financial Survival Network, where

10
00:00:28,879 --> 00:00:32,280
you get valuable information you just can't find anywhere else

11
00:00:32,840 --> 00:00:36,439
to thrive in today's trying times. You need the Financial

12
00:00:36,520 --> 00:00:41,600
Survival Network now more than ever. Go to Financial Survivalnetwork

13
00:00:41,640 --> 00:00:45,359
dot com and get your free newsletter and gift. Financial

14
00:00:45,520 --> 00:00:49,200
Survival Network now more than ever.

15
00:00:52,399 --> 00:00:56,200
Speaker 3: And welcome. You are listening to and watching the Financial

16
00:00:56,280 --> 00:00:59,399
Survival Network. I'm your host, Carrie Letz. Hey, we're right

17
00:00:59,439 --> 00:01:02,640
here in December. The year is almost shot, the election

18
00:01:02,840 --> 00:01:08,959
is coming. God. Remarkably, sentiment has changed among virtually everyone

19
00:01:09,239 --> 00:01:12,079
I speak with, and I speak with a lot of people.

20
00:01:13,519 --> 00:01:21,120
Gerald Celente Trends Journal, Optimistic, Martin Armstrong, you know Armstrong Economics,

21
00:01:21,200 --> 00:01:25,760
Optimistic at least through twenty six. He's for forecasting other

22
00:01:25,799 --> 00:01:29,879
things to happen, But who knows for right now? The optimism,

23
00:01:31,079 --> 00:01:34,319
I mean, I know because I talk to family members

24
00:01:34,319 --> 00:01:37,840
and friends who are way, way on the other side

25
00:01:37,879 --> 00:01:43,400
of the equation here, and none of them are upset.

26
00:01:43,760 --> 00:01:48,560
It's a they're either in a state of resignation or

27
00:01:48,560 --> 00:01:51,719
what only some people on the media. But anyway, let's

28
00:01:51,719 --> 00:01:55,920
talk with David Drzuski. Find out from David, what are

29
00:01:56,000 --> 00:01:59,519
you seeing here? What is your feeling? Has sentiment changed?

30
00:02:00,079 --> 00:02:04,439
How can sentiment change that quickly just over an election?

31
00:02:05,280 --> 00:02:08,840
Speaker 1: M Well, Carrie, you know, we had two very completely

32
00:02:09,479 --> 00:02:13,159
candidates and obviously the current administration that was in power

33
00:02:13,960 --> 00:02:16,560
was running on a platform of you know, saying, hey,

34
00:02:16,560 --> 00:02:18,479
when we're in power, we'll do this, and it's actually

35
00:02:18,479 --> 00:02:21,479
they were still in power, so so so the sentiment

36
00:02:21,560 --> 00:02:23,680
was getting very, very negative. I mean I I had

37
00:02:23,680 --> 00:02:28,879
a very negative sentiment personally going into you know, even

38
00:02:28,919 --> 00:02:33,360
September October, when when others were just thinking everything's just

39
00:02:33,439 --> 00:02:36,080
rallying and awesome, because we've been seeing a lot of

40
00:02:36,439 --> 00:02:41,080
deterioration in the numbers. But but post this election, there's

41
00:02:41,080 --> 00:02:43,560
no question that we've seen, you know, the Trump bump,

42
00:02:43,639 --> 00:02:47,319
the Trump effect. You know, the following day, Putin's talking

43
00:02:47,360 --> 00:02:50,199
about peace. We've got Iran basically saying they're not going

44
00:02:50,280 --> 00:02:52,919
to be doing you know, all the the terrorism stuff.

45
00:02:54,240 --> 00:02:56,280
This guy shows up and a lot of things begin

46
00:02:56,360 --> 00:02:58,960
to start changing, and especially when you've got you know

47
00:02:59,599 --> 00:03:02,520
this so you know, government efficiencies idea of where there's

48
00:03:02,520 --> 00:03:05,240
going to be real cuts. But but where we're at

49
00:03:05,360 --> 00:03:08,759
right now is a very interesting place, and that is,

50
00:03:08,879 --> 00:03:11,919
you know, the FED has been since March of twenty

51
00:03:11,919 --> 00:03:15,680
two raising interest rates, telling us everything's you know, good

52
00:03:15,680 --> 00:03:18,479
to go. And you know, obviously they've they missed the

53
00:03:18,520 --> 00:03:21,639
whole inflation thing the entire time in my personal opinion,

54
00:03:21,680 --> 00:03:23,840
and I think history is going to tell the story correctly.

55
00:03:24,520 --> 00:03:29,400
But now the FED has a completely different administration that's

56
00:03:29,400 --> 00:03:33,400
coming in arguably the most pro growth president in the

57
00:03:33,439 --> 00:03:36,840
history of the United States, with you know cuts that

58
00:03:36,879 --> 00:03:39,520
are that are coming, tax cuts and Jobs Act two

59
00:03:39,599 --> 00:03:42,479
point zero, which in this case now has you know,

60
00:03:42,639 --> 00:03:47,520
new deregulation components to it, has new components like you know,

61
00:03:47,599 --> 00:03:50,439
no taxes on tips and a couple of other things

62
00:03:50,479 --> 00:03:54,319
that might really boost some some middle street main street,

63
00:03:54,400 --> 00:03:57,840
families and people that are out there. Doesn't matter what

64
00:03:58,000 --> 00:04:00,520
side of the aisle that you voted on, or whether

65
00:04:00,560 --> 00:04:02,240
you went to college or not. It's something that can

66
00:04:02,319 --> 00:04:05,919
happen to and help people at many levels. And so

67
00:04:06,000 --> 00:04:09,120
you're seeing a lot of positives. And so obviously markets

68
00:04:09,159 --> 00:04:11,400
at all time highs right now, We've got you know,

69
00:04:11,439 --> 00:04:13,719
stock markets at all time hides, golds are near all

70
00:04:13,759 --> 00:04:16,720
time highs, bitcoins at all time highs, real estates at

71
00:04:16,759 --> 00:04:19,800
all time highs. Everything is at all time highs. And

72
00:04:19,839 --> 00:04:24,079
my warning is this inflation is present. It is here

73
00:04:24,720 --> 00:04:26,680
twenty twenty five, were for sure going to see it.

74
00:04:26,720 --> 00:04:28,800
And so I think that President Trump and his administration

75
00:04:28,879 --> 00:04:31,160
is going to have a lot of surprises. Hopefully no

76
00:04:31,360 --> 00:04:34,079
like unexpected surprises, but you know, likely that's how it

77
00:04:34,079 --> 00:04:39,639
all works. But ultimately, you know, we're going to see

78
00:04:39,639 --> 00:04:43,639
some some hawkish things right now. But that gives us

79
00:04:43,639 --> 00:04:46,199
the ability to cut rates in the future in a

80
00:04:46,240 --> 00:04:48,639
way that's meaningful and actually could get us on tracks.

81
00:04:48,680 --> 00:04:52,639
So I'm optimistic about the future, but man, am I

82
00:04:52,720 --> 00:04:55,279
cautious is at the exact same time, especially as we're

83
00:04:55,319 --> 00:04:56,240
sitting here at record highs.

84
00:04:56,279 --> 00:05:00,360
Speaker 3: Kerry Hey, well, inflation. You know, it's a generational thing.

85
00:05:00,560 --> 00:05:03,920
It doesn't just come and go. You know what else

86
00:05:04,000 --> 00:05:07,920
we're seeing thee David that I have not seen since Reagan.

87
00:05:09,160 --> 00:05:14,120
The desire of those in power to actually cut back

88
00:05:14,360 --> 00:05:19,680
on the power of the bureaucracy, to streamline, make government

89
00:05:19,720 --> 00:05:25,000
operations more efficient, to cut out useless spending, corporate welfare

90
00:05:25,800 --> 00:05:31,839
and waste and corruption. I've never seen in my short

91
00:05:31,879 --> 00:05:36,319
time on this planet here any one has hell bent

92
00:05:36,399 --> 00:05:42,680
and determined to do it. And you know, we have

93
00:05:42,839 --> 00:05:47,160
something like four hundred or five hundred government federal government agencies,

94
00:05:47,800 --> 00:05:51,279
and now they're talking about knocking it down to one hundred.

95
00:05:51,759 --> 00:05:55,560
It's going to be profound effects here, not all positive

96
00:05:55,600 --> 00:05:58,199
in the short run. The other thing I think was

97
00:05:58,279 --> 00:06:02,680
interesting was that the first fig leader that President Elect

98
00:06:02,720 --> 00:06:07,199
Trump met with was Javi R. Malay, who's the president

99
00:06:07,240 --> 00:06:14,920
of Argentina, who has literally eviscerated their government and cut, cut, cut,

100
00:06:15,000 --> 00:06:20,199
that's his thing, and he hasn't hesitated, and he hasn't

101
00:06:20,279 --> 00:06:23,240
looked back. Their inflation is down from twenty or thirty

102
00:06:23,279 --> 00:06:27,000
percent a month to two percent, but it's going even lower.

103
00:06:27,160 --> 00:06:31,000
Speaker 1: Yeah. Absolutely, And you know, thankfully we've got a couple

104
00:06:31,040 --> 00:06:33,680
of examples out here like this that are recent. I mean,

105
00:06:33,720 --> 00:06:36,560
we can always look back at history and know that,

106
00:06:36,800 --> 00:06:40,279
you know, certain things go forward and they work out.

107
00:06:40,319 --> 00:06:43,160
But now we've got some radical people that have taken

108
00:06:43,279 --> 00:06:46,639
very radical stances, kind of similar to Melake who came

109
00:06:46,680 --> 00:06:50,040
in and with a very different way of doing government,

110
00:06:50,040 --> 00:06:51,879
with a mandate from the people to get in there

111
00:06:51,879 --> 00:06:54,680
and to make some adjustments. And I think that's interesting

112
00:06:54,720 --> 00:06:57,480
because we find ourselves maybe at a point where I

113
00:06:57,560 --> 00:07:00,920
might call it like a national revival, and it's a

114
00:07:00,959 --> 00:07:03,519
reviving of national independence. You know, I got a flag

115
00:07:03,519 --> 00:07:05,600
sitting here behind me. I remember at the beginning of

116
00:07:05,680 --> 00:07:08,800
twenty twenty where wearing a flag or having a flag

117
00:07:08,839 --> 00:07:12,160
around you was like such an anti American thing, and

118
00:07:12,480 --> 00:07:15,839
with such a terrible idea. I doubled down and said, no,

119
00:07:15,959 --> 00:07:18,720
that's the opposite. We're very confused right now, and I

120
00:07:18,759 --> 00:07:21,079
think that we're going to look back on history and

121
00:07:21,120 --> 00:07:22,519
over the last four or five years, and we're going

122
00:07:22,560 --> 00:07:25,079
to say, you know what, we might need to reevaluate

123
00:07:25,160 --> 00:07:26,759
some things, you know, in the way that we look

124
00:07:26,759 --> 00:07:29,920
at society ourselves, but also even the investments and things

125
00:07:29,920 --> 00:07:33,120
that are out there. Because when we have new administrations

126
00:07:33,160 --> 00:07:35,639
and new changes. Guess what, there is going to be

127
00:07:35,720 --> 00:07:39,040
opportunities in these times of transitional shift like this, and

128
00:07:39,120 --> 00:07:42,240
so it's an important thing to have someone like Mela

129
00:07:42,279 --> 00:07:45,120
who understands communism, who has the direct example of what

130
00:07:45,160 --> 00:07:48,279
they're rooting out. And if you'll recall, Argentina was the

131
00:07:48,319 --> 00:07:51,920
superpower just two superpowers ago, and now their nation is

132
00:07:52,000 --> 00:07:56,240
just in absolute disarray. Inflation is terrible, They have no stability.

133
00:07:56,399 --> 00:07:58,079
And so if you look at the people going from

134
00:07:58,279 --> 00:08:02,279
amazing lives and the sophisticated society on Earth at the

135
00:08:02,360 --> 00:08:05,040
time to where they are right now, I think that

136
00:08:05,040 --> 00:08:06,959
there's a whole lot of lessons and things that they

137
00:08:06,959 --> 00:08:09,759
would have said, man done. Had another opportunity, we would

138
00:08:09,759 --> 00:08:11,439
have done things different. I just hope that the United

139
00:08:11,480 --> 00:08:14,079
States right now is paying attention and again this moment

140
00:08:14,160 --> 00:08:17,399
of national revival. What do we believe in? Why? What

141
00:08:17,439 --> 00:08:20,839
are we standing for? Why what are we voting for? Why?

142
00:08:21,000 --> 00:08:22,920
And I think that we demand more of the people

143
00:08:23,000 --> 00:08:26,160
that were sending to Washington that they represent us and

144
00:08:26,199 --> 00:08:27,360
not just their own interests.

145
00:08:27,519 --> 00:08:31,240
Speaker 3: All right, So getting down to brass tacks here, sir,

146
00:08:31,639 --> 00:08:33,639
what's Powell going to do here? Is he going to

147
00:08:33,720 --> 00:08:37,399
keep cutting because Trump wants those rates cut. But on

148
00:08:37,480 --> 00:08:41,639
the other hand, Trump's making the unrealistic promise that he's

149
00:08:41,639 --> 00:08:45,039
going to bring down inflation in the face of rate cuts.

150
00:08:45,240 --> 00:08:47,360
And one thing I'd just like to point out, energy

151
00:08:47,440 --> 00:08:51,639
is important for sure during the Trump administration. I think

152
00:08:51,679 --> 00:08:54,919
when he came into office, we were doing eight and

153
00:08:54,960 --> 00:08:58,480
a half million barrels a day, close to nine million production.

154
00:08:58,960 --> 00:09:02,679
When he left, we were doing twelve and a half million,

155
00:09:03,600 --> 00:09:06,919
which was like forty some odd percent increase, and that

156
00:09:07,399 --> 00:09:12,039
natural gas followed a similar curve throughout the past four years. Yeah,

157
00:09:12,080 --> 00:09:17,759
we're producing record amounts of energy, but the oil gas

158
00:09:17,799 --> 00:09:20,679
production's gone up about three three and a half percent.

159
00:09:21,240 --> 00:09:25,320
You think that expanding energy production really is going to

160
00:09:25,320 --> 00:09:30,200
bring down inflation here without the major cuts to the government,

161
00:09:30,559 --> 00:09:34,799
the spending and their participation in the economy.

162
00:09:35,320 --> 00:09:37,519
Speaker 1: Well, you nailed it in the question because you said

163
00:09:37,519 --> 00:09:39,840
that the both sides of the scale. You know, there's

164
00:09:39,879 --> 00:09:42,399
your input and your output, or you know, the amount

165
00:09:42,399 --> 00:09:44,720
of money that you spend versus what's coming in. We

166
00:09:44,799 --> 00:09:47,000
got issues right now as a nation as a result

167
00:09:47,039 --> 00:09:50,039
of our overspending. We have issues right now, and of

168
00:09:50,039 --> 00:09:54,320
course that leads to inflation. Also, higher prices booming economies,

169
00:09:54,360 --> 00:09:57,960
that's inflationary as well. When we reshore friendshore begin to

170
00:09:58,039 --> 00:10:00,639
manufacture here, unless we can do it in a real

171
00:10:00,720 --> 00:10:04,360
lean way, it's likely to be inflationary and more costly

172
00:10:04,399 --> 00:10:06,759
because we're not doing it at you know prices where

173
00:10:06,759 --> 00:10:10,720
we pay people a lot cheaper to live. And so

174
00:10:10,960 --> 00:10:13,639
can can Trump do it? Well? This is supply side economics,

175
00:10:13,679 --> 00:10:15,559
and so what he's doing is he's he's focused on

176
00:10:15,600 --> 00:10:18,360
the supply side. He's focused on the areas that are

177
00:10:18,399 --> 00:10:21,480
going to give our economy the greatest opportunity to grow.

178
00:10:21,519 --> 00:10:23,639
And so when we talk about oil, that isn't that

179
00:10:23,720 --> 00:10:26,519
is something that the United States has more than anybody else.

180
00:10:27,519 --> 00:10:29,759
You know, there's no question that if you even look

181
00:10:29,759 --> 00:10:31,799
at and by the way, I own two teslas and

182
00:10:31,960 --> 00:10:35,000
gas vehicles as well. I love the technology, but it

183
00:10:35,039 --> 00:10:38,120
cannot solve all the world's problems at least today, and

184
00:10:38,200 --> 00:10:40,679
lithium batteries are not really the right answer is that

185
00:10:40,679 --> 00:10:42,879
the weather starts to get cold. So there's a lot

186
00:10:42,919 --> 00:10:46,320
of things that that are that are good innovations taking place,

187
00:10:46,519 --> 00:10:50,279
but as a society we've not really figured out, you know,

188
00:10:50,360 --> 00:10:52,679
really where the world's going to end up being. We

189
00:10:52,759 --> 00:10:55,679
just know that we're going to be manufacturing more effectively.

190
00:10:55,960 --> 00:10:59,759
The United States does manufacturing, specifically in oil, cleaner and

191
00:11:00,279 --> 00:11:02,320
than anyone in the world. I like those two ideas.

192
00:11:02,360 --> 00:11:03,919
Do we do it cheaper than anyone in the world,

193
00:11:04,039 --> 00:11:06,440
cleaner and safer? Uh and and and so if we

194
00:11:06,519 --> 00:11:08,919
got a lot of it, it's plentiful. We can continue

195
00:11:08,919 --> 00:11:12,919
to flow to our allies and to the right places potentially, uh,

196
00:11:12,960 --> 00:11:16,240
reduce the prices of oil, which which ultimately is what

197
00:11:16,279 --> 00:11:19,639
cripples Russia if they are going to uh, you know,

198
00:11:19,759 --> 00:11:21,480
be be able to be a war machine or whatever.

199
00:11:21,519 --> 00:11:24,120
They have a one dimensional economy. It's all based on energy.

200
00:11:24,120 --> 00:11:26,519
If you want Russia and not be able to have money, uh,

201
00:11:26,559 --> 00:11:28,720
which is something that we did to them before with

202
00:11:28,720 --> 00:11:31,960
with with kind of a Reagan approach. Uh, then then

203
00:11:32,120 --> 00:11:34,279
than what you do is you change the dynamics of

204
00:11:34,320 --> 00:11:36,039
how it works, uh, and you just do it a

205
00:11:36,080 --> 00:11:38,720
little bit better and uh. And so you know, can

206
00:11:38,799 --> 00:11:43,320
can can can uh Trump get Powell to to come

207
00:11:43,320 --> 00:11:45,879
off as number and drop rates as meaningful? I don't

208
00:11:45,919 --> 00:11:47,360
think so. And I don't think that it would be

209
00:11:47,720 --> 00:11:49,759
wise of Powell to be dropping rates right now. I

210
00:11:49,799 --> 00:11:53,000
think that they drop rates too early. Uh to answer

211
00:11:53,039 --> 00:11:54,960
this part of the question, and I think that that

212
00:11:55,039 --> 00:11:58,320
Powell actually made the Arthur Burns mistake. And uh. And

213
00:11:58,399 --> 00:12:00,639
so here's the big question that comes in twenty five.

214
00:12:00,919 --> 00:12:03,320
Are we going to be sticking with two percent inflation?

215
00:12:03,840 --> 00:12:05,720
Or is three percent or four percent? Okay? Where do

216
00:12:05,720 --> 00:12:08,320
we even come up with two It's based on models

217
00:12:08,320 --> 00:12:11,799
from long term timeframes, but not based upon realistic understandings

218
00:12:11,919 --> 00:12:15,919
of a higher inflationary world. Times of transition, friends, shoring, reshoring,

219
00:12:15,960 --> 00:12:18,360
all the various components that are going into this, and

220
00:12:18,440 --> 00:12:20,159
so I think they're going to become more comfortable with

221
00:12:20,240 --> 00:12:22,639
higher inflation. But we're going to do more supply side.

222
00:12:22,679 --> 00:12:26,360
It's going to put more money into the American consumer's pocket.

223
00:12:26,759 --> 00:12:28,720
But we've got a lot of challenges that are likely

224
00:12:28,759 --> 00:12:31,759
going to be getting dropped on this administration and are

225
00:12:31,799 --> 00:12:33,879
going to have to get figured out. So what are

226
00:12:33,879 --> 00:12:37,320
these strategies and answers here in the future. Not really sure,

227
00:12:37,519 --> 00:12:39,960
and it's a little early to tell the way that

228
00:12:39,960 --> 00:12:42,360
it goes. But I think that there's a probability that

229
00:12:42,399 --> 00:12:46,519
we might have to even raise rates if things go

230
00:12:46,639 --> 00:12:49,480
too strong but that's a part of the reason why

231
00:12:49,480 --> 00:12:52,519
I think Powell came in today and saying that their

232
00:12:52,679 --> 00:12:55,120
forward looking view for twenty twenty five, which is what

233
00:12:55,159 --> 00:12:58,000
the market was more concerned about, was that they were

234
00:12:58,000 --> 00:13:00,960
only going to be cutting two times as opposed to four.

235
00:13:01,159 --> 00:13:03,519
So we just got four times now since September, you know,

236
00:13:03,919 --> 00:13:07,240
a full point down since September eighteenth, you know, here

237
00:13:07,279 --> 00:13:09,399
this year, and we might only get fifty basis points

238
00:13:09,399 --> 00:13:11,080
next year. So that's a big difference for the market.

239
00:13:11,279 --> 00:13:15,120
We could see stock sell off, we could see you know,

240
00:13:15,159 --> 00:13:18,279
the treasuries start to go higher, we could start to

241
00:13:18,320 --> 00:13:21,279
see you know, maybe the Christmas rally doesn't go as

242
00:13:21,320 --> 00:13:23,840
well as it could. But the point is is that

243
00:13:23,879 --> 00:13:26,639
supply side economics will win in the end, and we

244
00:13:26,679 --> 00:13:28,159
need we need to be doing the things that are

245
00:13:28,200 --> 00:13:31,080
going to do the long term build, the long term growth,

246
00:13:31,320 --> 00:13:33,399
the things that my five children are going to be

247
00:13:33,399 --> 00:13:36,159
able to appreciate, not just something that's going to manipulate

248
00:13:36,200 --> 00:13:36,919
a quarter or two.

249
00:13:37,159 --> 00:13:41,039
Speaker 3: Sure, yeah, well, yeah, the Santa Claus rally, it should

250
00:13:41,039 --> 00:13:42,879
be here very shortly, right.

251
00:13:43,080 --> 00:13:45,559
Speaker 1: Yes, sir, Hey, well we're seeing it right now. Depending

252
00:13:45,600 --> 00:13:48,000
on how you've been allocated.

253
00:13:48,000 --> 00:13:50,679
Speaker 3: A couple of days though the market's been down, but

254
00:13:51,000 --> 00:13:54,919
you know, yeah, like it's going to be interesting to

255
00:13:55,000 --> 00:13:58,799
see and the AI. So is AI going to be

256
00:13:58,840 --> 00:14:00,919
a flash in the pan. It's going to be more

257
00:14:01,039 --> 00:14:04,799
like the dot bomb bust. But the dot bomb bust

258
00:14:04,919 --> 00:14:09,919
led to all these massive companies like Microsoft and the

259
00:14:10,480 --> 00:14:12,720
Google and the so many.

260
00:14:13,039 --> 00:14:17,840
Speaker 1: Right, Well, the cycle of growth inside of technologies and

261
00:14:18,279 --> 00:14:20,200
companies is you do you just kind of start out

262
00:14:20,240 --> 00:14:22,960
with whatever? I mean, just even think about social media.

263
00:14:23,200 --> 00:14:26,039
There is this company called MySpace that everyone had and

264
00:14:26,080 --> 00:14:29,200
now nobody has, right, it's gone, and then Facebook's now

265
00:14:29,200 --> 00:14:31,759
become met and it's transformed. Well as far as AI goes,

266
00:14:32,279 --> 00:14:34,879
my personal belief of AI is no, the toothpaste is

267
00:14:34,879 --> 00:14:36,879
out of the tube. You can't stop it. It's doubling

268
00:14:36,919 --> 00:14:41,000
its knowledge all the time. This is the future. The

269
00:14:41,080 --> 00:14:43,840
question is how is it going to impact us? And

270
00:14:43,919 --> 00:14:46,879
how soon can that happen? And then we come up

271
00:14:46,879 --> 00:14:48,879
with questions like, wait a minute, how are we going

272
00:14:48,960 --> 00:14:51,440
to supply the energy that's needed to do all this

273
00:14:51,639 --> 00:14:56,759
data storage, all this AI one intelligence? And so if

274
00:14:56,759 --> 00:14:59,919
you're not able to have a meaningful change in somebody's

275
00:15:00,080 --> 00:15:02,159
life as a result of this, AI. No one's going

276
00:15:02,200 --> 00:15:05,960
to adopt it. I personally think that Navidia could have

277
00:15:06,039 --> 00:15:09,480
challenges here in the future because they've been the name

278
00:15:09,799 --> 00:15:12,080
and the concern is they became the dartling of the

279
00:15:12,120 --> 00:15:14,360
stock market, rose to be, you know, one of the

280
00:15:14,440 --> 00:15:18,480
largest companies in the entire world so quickly, and we

281
00:15:18,559 --> 00:15:21,159
haven't really determined that they're the best chip. We know

282
00:15:21,200 --> 00:15:24,360
that they have better capacity, they're really quick, et cetera.

283
00:15:24,399 --> 00:15:27,039
But maybe they're too much of an energy hog. Maybe

284
00:15:27,039 --> 00:15:29,879
they're too over built for most of the applications or

285
00:15:29,879 --> 00:15:32,720
some of the applications, and we begin to yield it back.

286
00:15:32,960 --> 00:15:36,440
And so I'm excited about AI. I'm excited about the future.

287
00:15:36,440 --> 00:15:38,720
But I'll just tell you this. You know, my kids

288
00:15:38,720 --> 00:15:40,720
aren't watching this today hopefully, but they all got eight

289
00:15:40,960 --> 00:15:45,360
iPhone sixteen's coming here for Christmas, and and so I'm

290
00:15:45,440 --> 00:15:48,639
kind of excited about the you know, the the Apple

291
00:15:48,840 --> 00:15:52,039
intelligence that's going on side of that phone.

292
00:15:52,639 --> 00:15:55,320
Speaker 3: Here. Let's do a little experiment.

293
00:15:55,120 --> 00:15:56,759
Speaker 1: All right, what do you got Siri?

294
00:15:57,480 --> 00:16:01,440
Speaker 3: Check chat shept and look up it's Strazeuski for me.

295
00:16:01,919 --> 00:16:05,759
Here it is, and here it is, it says, oh jess,

296
00:16:05,879 --> 00:16:09,159
it just went away on me anyway, it said you're

297
00:16:09,200 --> 00:16:12,200
a It said it gave me your bio, but I

298
00:16:12,240 --> 00:16:14,639
wanted it to actually say it, but I didn't give

299
00:16:14,639 --> 00:16:18,600
it the right command. He yeah, it looked up chat GPT.

300
00:16:19,320 --> 00:16:25,759
So Siri was was really an elementary school dropout. Now

301
00:16:26,240 --> 00:16:29,000
now that she's hooked up with chat GPT, we got

302
00:16:29,000 --> 00:16:34,279
our first AI wedding and she's like a lot wright.

303
00:16:34,519 --> 00:16:38,960
Now she's actually useful because from that. But I will

304
00:16:38,960 --> 00:16:44,240
tell you this as a fellow Tesla owner FSD thirteen

305
00:16:44,320 --> 00:16:48,279
point two point one, which I just got two days ago, David,

306
00:16:48,279 --> 00:16:50,559
I had the FSD two and a half years ago

307
00:16:50,679 --> 00:16:53,200
when they first started it pushing it out to the

308
00:16:53,240 --> 00:16:56,120
broader public, and I wouldn't trust it. I used to say,

309
00:16:56,159 --> 00:17:00,120
if you trust a FSD in local truck driving on

310
00:17:00,159 --> 00:17:03,679
the highway, it was always phenomenal local driving. You're gonna

311
00:17:03,759 --> 00:17:06,839
die now, I will tell you. On the highway at

312
00:17:06,880 --> 00:17:09,640
eighty five miles an hour, it's a better driver than

313
00:17:09,720 --> 00:17:13,240
I am, and locally it's not quite as good as

314
00:17:13,279 --> 00:17:17,000
me yet. But David, the last update I got like

315
00:17:17,079 --> 00:17:21,359
a month ago, this thing is way way better, way better.

316
00:17:21,720 --> 00:17:24,359
If I wasn't a less if I was a less

317
00:17:24,400 --> 00:17:28,920
aggressive driver. I probably would never intervene for most of

318
00:17:28,960 --> 00:17:32,400
the drives that I take, and that's only in a month.

319
00:17:33,039 --> 00:17:37,920
Right when we first started the FSD, I'm saying, okay,

320
00:17:38,319 --> 00:17:40,960
five to ten years, there's no way they can do

321
00:17:41,039 --> 00:17:44,160
this any better. But then they got the AI and

322
00:17:44,200 --> 00:17:47,880
all of a sudden, I think in six months they

323
00:17:47,920 --> 00:17:48,559
could be there.

324
00:17:48,920 --> 00:17:52,880
Speaker 1: Yeah, I mean, I mean there was a guy on wheels, right,

325
00:17:53,400 --> 00:17:56,599
and he nailed it. Because you know that machine learning.

326
00:17:56,799 --> 00:17:59,519
It's driven those roads so many times. These cars are going,

327
00:17:59,519 --> 00:18:02,000
they're constantly picking up stuff, they're learning new ways of

328
00:18:02,200 --> 00:18:05,279
analyzing it, the road patterns and how you deal with

329
00:18:05,319 --> 00:18:07,920
this and this weather condition. So it's amazing the full

330
00:18:08,160 --> 00:18:10,519
service driving. I mean my kids actually really, you know,

331
00:18:11,160 --> 00:18:12,839
it's it's you know, it's like a magic trick, right,

332
00:18:12,839 --> 00:18:14,240
because you just tell it where to go and it

333
00:18:14,279 --> 00:18:15,960
starts making the turn for you. It turns on the

334
00:18:15,960 --> 00:18:20,200
blinker and uh. But but you're correct that that it is.

335
00:18:20,279 --> 00:18:23,720
It is way above average, and I have personal confidence

336
00:18:23,720 --> 00:18:26,119
in it as well. Where you know, a lot of

337
00:18:26,119 --> 00:18:28,440
people I feel like as they as they think about

338
00:18:28,480 --> 00:18:31,039
AI in general, it's sort of like the Internet of

339
00:18:31,079 --> 00:18:34,160
the early nineties. They go man, I'll never buy anything

340
00:18:34,200 --> 00:18:36,960
on that right. And the next thing, you know, we

341
00:18:37,039 --> 00:18:39,559
got our phones here and we're asking about David Sterzski

342
00:18:39,599 --> 00:18:43,640
and biosome ordering Christmas off Amazon or whatever, and it's

343
00:18:43,680 --> 00:18:47,400
it's increasing. So I think adoption's coming. It's just it's

344
00:18:47,440 --> 00:18:50,599
not here yet because we've not seen the technology catch

345
00:18:50,720 --> 00:18:53,960
up and you know. But but I think it's it's rapidly, rapidly,

346
00:18:54,079 --> 00:18:54,799
rapidly changing.

347
00:18:55,480 --> 00:18:59,400
Speaker 3: Just the other day, the road outside of my subdivision,

348
00:19:00,119 --> 00:19:02,640
it had one lane blocked and they had the guy

349
00:19:02,720 --> 00:19:08,000
with the sign and the car sees him. The sign

350
00:19:08,319 --> 00:19:11,640
was he had it turned to stop. The car stops,

351
00:19:12,519 --> 00:19:17,640
he turns it to slow, the car starts going, changes lanes,

352
00:19:18,359 --> 00:19:22,279
sees the other guy with slow and goes around it

353
00:19:22,920 --> 00:19:26,440
and continues. The drive is amazing. That is the most

354
00:19:26,480 --> 00:19:28,640
amazing thing. And it saw him. I saw it on

355
00:19:28,680 --> 00:19:32,319
the screen. It totally understood what was going on there.

356
00:19:33,519 --> 00:19:36,200
But yeah, so I think AI is the key. Although

357
00:19:36,480 --> 00:19:39,119
I think it will replace a lot of jobs out there,

358
00:19:39,480 --> 00:19:43,160
who knows over what time period. They always said, well,

359
00:19:43,160 --> 00:19:45,400
it's going to create more jobs. I think this is

360
00:19:45,440 --> 00:19:49,119
the one where it doesn't. But if the cost of

361
00:19:49,200 --> 00:19:52,559
living and manufacturing, all these things goes down to a

362
00:19:52,599 --> 00:19:57,960
fraction of where it is now. In the productivity boom

363
00:19:58,240 --> 00:20:02,519
you know, goes thousandfold, it's not going to matter, right.

364
00:20:02,599 --> 00:20:04,519
Speaker 1: Well, one of the one of the other interesting things

365
00:20:04,559 --> 00:20:07,839
that's happening today is, you know, the conversation about how

366
00:20:07,920 --> 00:20:10,039
much money we make. You know, these unions are going

367
00:20:10,079 --> 00:20:12,880
on strike and demanding ten percent a year increases for

368
00:20:12,920 --> 00:20:15,680
the next five years or whatever, and you're just like, wow,

369
00:20:16,000 --> 00:20:19,920
inflation's done. It doesn't sound like it. You know, when

370
00:20:20,240 --> 00:20:23,279
you begin to to think about the costs that you

371
00:20:23,279 --> 00:20:27,880
would have as a manufacturer to buy machines, Okay, it's

372
00:20:27,960 --> 00:20:29,920
usually you know, big cost on the front end, but

373
00:20:30,039 --> 00:20:33,079
your machine doesn't get sick, doesn't you know, leave and

374
00:20:33,119 --> 00:20:36,319
go work for someone else, doesn't require health insurance, doesn't

375
00:20:36,599 --> 00:20:39,680
need pay raises. You know, when you get to fifteen

376
00:20:39,720 --> 00:20:42,759
to twenty dollars minimum wages, which in the state of

377
00:20:42,839 --> 00:20:45,640
Washington right now, for whatever reason, we think that that's

378
00:20:45,680 --> 00:20:49,759
a good idea. The point is is that I see

379
00:20:49,759 --> 00:20:51,720
a lot of manufacturers that are going to be changing

380
00:20:51,759 --> 00:20:53,279
over and yeah, there's a lot of those jobs that

381
00:20:53,279 --> 00:20:54,680
are going to be lost, but there's a lot of

382
00:20:54,680 --> 00:20:57,440
technical jobs that are going to get lost because you know,

383
00:20:57,559 --> 00:21:02,079
there's well and also I think the healthcare system, I

384
00:21:02,119 --> 00:21:05,680
mean think about that. AI is just a reference. It's

385
00:21:05,680 --> 00:21:09,400
a speed reader. Could AI not read every book that

386
00:21:09,440 --> 00:21:13,079
it takes to become a doctor, understand how to prescribe

387
00:21:13,079 --> 00:21:16,440
and apply this information to the individuals based upon particulars

388
00:21:16,480 --> 00:21:18,599
et cetera. And then it's able to do all this

389
00:21:18,640 --> 00:21:20,880
in a very low cost way. And it's better than

390
00:21:20,880 --> 00:21:23,480
a doctor is because a doctor is still a human,

391
00:21:23,519 --> 00:21:25,759
they still get tired, they still see thirty five people

392
00:21:25,759 --> 00:21:29,920
a day. Whatever. This technology has the ability to make

393
00:21:29,960 --> 00:21:32,440
life a lot better. There's also a double edged sword

394
00:21:32,480 --> 00:21:34,599
on it, and it could really make some things challenging

395
00:21:35,000 --> 00:21:40,319
with hacking and stealing and just confusing parts of it.

396
00:21:40,400 --> 00:21:44,799
So it's going to be a weird world, but an

397
00:21:44,799 --> 00:21:47,720
exciting one. So this is you know, a moment where

398
00:21:47,759 --> 00:21:50,640
I'm saying, you know, this is a buckle up, all

399
00:21:50,720 --> 00:21:53,799
eyes open. Hopefully we're excited, and hopefully people don't just

400
00:21:53,839 --> 00:21:58,240
get stuck in the way that things were. But I

401
00:21:58,279 --> 00:22:00,400
do recognize that some of these technologies are a little

402
00:22:00,400 --> 00:22:02,920
bit scary and you know.

403
00:22:03,319 --> 00:22:06,720
Speaker 3: Littly well theatre, it's an amazing tide to be a

404
00:22:06,799 --> 00:22:09,039
luck David, just tell us where do we find you?

405
00:22:09,319 --> 00:22:10,839
How do we connect with you on the web.

406
00:22:11,359 --> 00:22:14,519
Speaker 1: Yeah, so companies called Sound Planning Group. My SPG dot

407
00:22:14,559 --> 00:22:17,880
com is the is our primary website there. So I've

408
00:22:17,880 --> 00:22:19,680
got actually some classes are going to be coming out

409
00:22:20,240 --> 00:22:21,680
first part of the year. We're going to be doing

410
00:22:21,720 --> 00:22:24,160
them online where I've just only done this at local

411
00:22:24,200 --> 00:22:28,240
colleges uh here in the Washington State area, greater Seattle area,

412
00:22:28,519 --> 00:22:31,279
and so people can can look for ideas out there,

413
00:22:31,599 --> 00:22:33,720
uh and check out our Google reviews and all the

414
00:22:33,720 --> 00:22:36,480
wonderful things that people are saying about us. Since honestly,

415
00:22:37,079 --> 00:22:39,519
the thing that that that's pick me up for me

416
00:22:40,200 --> 00:22:42,720
these days. You know, if you're ever feeling down or

417
00:22:42,759 --> 00:22:44,440
there's all these things going on, you go and you

418
00:22:44,559 --> 00:22:46,599
look at the people that you love and you care about,

419
00:22:46,640 --> 00:22:49,839
and when they say nice things about you, I don't know,

420
00:22:49,920 --> 00:22:52,000
there's just something about that that gives you the courage

421
00:22:52,000 --> 00:22:53,920
and the ability to just continue to go forward. So

422
00:22:54,359 --> 00:22:56,480
I'm excited to be with you today, Clarie, and you

423
00:22:56,599 --> 00:22:57,200
too them.

424
00:22:57,480 --> 00:23:00,720
Speaker 3: I appreciate you coming on any questions com that's kl

425
00:23:00,839 --> 00:23:04,200
at carrie lets dot com link to David's site is

426
00:23:04,240 --> 00:23:08,240
in the show notes this interview on Financial Survival Network

427
00:23:08,359 --> 00:23:10,680
dot com. While you're there, just to ask that you

428
00:23:11,440 --> 00:23:16,160
kindly subscribe to our free newsletter, as over sixty thousand

429
00:23:16,160 --> 00:23:20,039
other FSN members have. David always a pleasure. Talk to

430
00:23:20,119 --> 00:23:23,519
you soon. Don't talk to you before Merry Christmas, Happy

431
00:23:23,559 --> 00:23:26,359
New Year, and we'll talk to you in twenty twenty five.

432
00:23:26,599 --> 00:23:28,160
Speaker 1: Sank to you, friend, blasting stock to you.

433
00:23:28,240 --> 00:23:32,480
Speaker 2: So thanks for listening to Carrie Letz's Financial Survival Network,

434
00:23:32,640 --> 00:23:36,559
your solution to today's trying times. For the latest, go

435
00:23:36,640 --> 00:23:42,559
to Financial Survivalnetwork dot com. Financial Survival Network now more

436
00:23:42,640 --> 00:23:43,319
than ever