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Speaker 1: Behind those cozy nights at home, Thousands of employees at

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BP go to work every day. People producing more US

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natural gas, people building grid scale solar capacity, people turning

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lend full waste gas into pipeline quality renewable natural gas,

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and people delivering all of that power where it's needed.

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They're part of the more than three hundred thousand jobs

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VP supports across the country. Learn more at VP dot com.

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Slash investing in America.

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Speaker 2: Let's just assume everything continues on the way it is.

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So it's gold, precious metals, bitcoin. What about the stock

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market though, If we have an inflationary environment, real estate,

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stock market, asset investing thrives.

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Speaker 3: Right you are listening to Carrie.

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Speaker 4: Let'sa's Financial Survival Network where you get valuable information. You

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just can't find anywhere else to thrive in today's trying times.

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You need the Financial Survival Network now more than ever.

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Go to Financial Survivalnetwork dot com and get your free

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newsletter and gift. Financial Survival Network now more than ever.

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Speaker 2: Ed Welcome you are listening to and watching the Financial

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Survival Network. I'm your host, Carrie Lutz. Today we've got

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a guest I haven't had on it in a while,

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did a couple of conferences together. We kind of both

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discovered bitcoin together. Name is Jerry Robinson. Follow the Money

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dot com, Questions, comments, Klatcarrie LUTs dot com.

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Speaker 3: Jerry, it's great to have you back. How's everything.

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Speaker 5: It's going great, great to be here, Carrie. I sure

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do appreciate being back on and it's good to see

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you're just still kicking. You've been doing this for so long.

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Some of the folks who are new to the to

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your show should know you've been You've been at this

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for a long long time.

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Speaker 3: Appreciate you. Hey, thank you for that.

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Speaker 2: You know, it's been fourteen years, if you can believe it,

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over nine thousand episodes and I'm still I'm still going

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just as strong as I was.

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Speaker 3: New people always.

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Speaker 2: Listening, and yeah, it's pretty wild.

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Speaker 3: They got to tell you still doing it. Good for you, brother.

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Speaker 5: I think we got started around the same time, about

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twenty ten is when we started fallowdownty dot com. And yeah,

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we kind of got started at the same time. Pretty interesting, right.

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Speaker 2: We didn't we did. Yeah, it's amazing. I can't even

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believe it, but here we are, and we're still We're

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still giving the message out there still letting people know

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that this is this is real, and it's getting more

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real all the time. So the new administration, the more

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things change, the more they stay the same. The hand

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just rearranges the players in the game. Right, the king

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is dead, long lived the kid.

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Speaker 5: Well, we do have a new administration. You can tell

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from the markets that there are certain sectors that really

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like this outcome. There's other sectors that are not so happy.

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And that's the way it always is. You know, had

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we had a different outcome, had we had a Harris victory,

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we would just be basically seeing a lot of inverse action,

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you know. So basically, you know, it doesn't really matter

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who is in office when you look at the longer term.

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I have a great chart that I recently saw in

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the wake of this election that just shows that anybody

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who tries to play politics with their investments usually gets

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you know, it can work. And I'm not talking about

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strategic sector allocation. I'm not saying, Okay, we have a

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we have somebody who's pro energy, so I'm going to

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have a little more energy in my portfolio.

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Speaker 3: I'm not talking about that.

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Speaker 5: There are people who actually freak out and just get

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out of the market because so and so won, which

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we've seen many times throughout the hit you know, throughout

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the many different times, and when you look at that,

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you'll see, well, that usually is a losing strategy. So

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the way I look at this in this environment here

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is not to you know, not to really freak out

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about anything, but just to just to basically, you know,

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be have prudent allocation, stay invested in the right things,

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and don't let anybody shake you out. Don't let anybody

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spook you into thinking that this time it's different or whatever.

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And that would again either way, whoever wins, you always

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have those voices that are trying to erode your confidence

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in your long term investment strategy. And I don't think

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a politician is really going to change, you know, the

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long term investment strategy that we've laid out, and they

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call them.

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Speaker 2: A leopard never changes his spots, right, the leopard never

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changes his spots, very true. So what do you do

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about it? You know, things are crazier than ever. People

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are crazier than ever. Markets are more volatile than ever

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in many respects. I mean, hey, when we you and

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I got together, their bitcoin was around twelve or twenty

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bucks a piece. Now it's at most seventy five thousand.

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I mean that is pretty amazing, isn't it. Bitcoin is

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stunning all of the skeptics. It's stunning all of the

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all of its opponents. We were talking about this off

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the year, how you and I, you know, learned about bitcoin.

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Speaker 3: Very early from.

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Speaker 5: Someone who knew a lot about bitcoin very early, and

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so you and I were blessed in that regard to

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know about it so early. And it's crazy today because

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when you and I were talking about bitcoin, say back

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in twenty thirteen or whatever, you know, the idea that

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there would be a proposed bitcoin strategic reserve, or the

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idea that there would be you know, that we would

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want to make America the bitcoin or crypto capital of

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the world. I mean, this is absurd. You know, it

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was just very early at the time, and so I

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can't think of an asset class that has gained as

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much institutional adoption so incredibly fast as the digital asset space.

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And it's really kind of made for this time that

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was really kind of always the use case for bitcoin

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was the fact that it served as this currency without

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a government in a world where governments had become reckless

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with their currencies, and so therefore, I think many people

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are tuning in. We're seeing pension funds and endowments and

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countries and corporation was the spot, Yeah right, who isn't?

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And now with these, you know, when you remember the

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whole point of bitcoin is the finite nature. I mean

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this white paper which we just celebrated, I guess the

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what is it the sixteenth anniversary or fifteenth anniversary or

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whatever it was that, you know, again incredible that the

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Federal Reserve would even notice an asset like this, it's

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only been around for fifteen years or so, they would

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even come on their radar, or that a president would

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even come up in a presidential campaign some asset.

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Speaker 3: That's just that new.

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Speaker 5: Just absurd that you know, they would have that much

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influence upon political campaigns and upon the central banks.

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Speaker 3: It's incredible.

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Speaker 5: But the primary benefit, or maybe the primary feature of

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the Bitcoin white paper, aside from the fact that it

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was this currency without a government where you couldn't haul

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in the CEO of Bitcoin before Congress and make him,

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you know, confess to this or this. You know, there's

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just no CEO, but also the finite nature, and this

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is what we're getting ready to see, and what we're

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seeing now is the fact that you only have twenty

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one million bitcoin. This story is is you know, this

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has been going on since the beginning. But as these

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spot bitcoin ETFs are you know, hoovering up these the

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available bitcoin that are being mined as sovereign into tas

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are buying bitcoin as endowments and corporates, corporations are putting

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them in their treasuries. It's just we don't have any

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assets like this. Yes, is gold finite, well to a

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certain extent, Carrie, there is only so much gold, But

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we don't really know how much gold there is really

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because again we could always find more. When it comes

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to silver, it's the same thing. We know approximately how

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much there is, but at the same time you could

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always find more. We don't have any assets to look

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at to say there is no more. And in a

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world where you have infinite you know, paper money being

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created and just no cap on it at all, this

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is becoming increasingly attractive to people who are waking up.

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So I think bitcoin and gold are both going to

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thrive incredibly underneath a Trump administration. If you go back

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to the first Trump administration. Carry you remember, gold was

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a star underneath the first Trump administration. You know, so

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much spending that was going on, and gold was just

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going up, up, up. I think we're going to see

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something similar. The Wall Street Journal put out a piece.

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Many people called it a hit piece if you were

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pro trumpet. Others thought it was just an accurate portrayal.

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But economists, we're looking at the spending proposed by Trump

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and said, look, this is going to break the country.

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I mean, this is absolutely incredible how much money is

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being proposed to spend. Now, we don't know if he's

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going to keep all those promises, but if he does,

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then that's going to be really good for gold, and

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I would say even better for bitcoin because of the

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finite nature of bitcoin. So I think bitcoin and gold

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two major winners for the next four years. I think

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it's just kind of a given.

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Speaker 2: Another way of saying that it's going to be bad

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for the dollar, bad for interest treats, and bad for inflation.

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Speaker 3: Mm hmm, but yeah, yeah, true.

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Speaker 2: So what if we trashed the income tax, went to

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a consumption tax and tariffs and and Elon Musk does

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or the federal budget, what he's done for automobile production,

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which was cut the costs by you know, by orders

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of magnitude.

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Speaker 5: What would happen then, Well, I'm certainly no tax expert

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or tax policy expert, but I do have some opinions, however,

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informed or uninformed. But I've always liked, while you're here,

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that's right, I've always liked the idea of a consumption tax.

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I think that it quite frankly, makes a lot more sense.

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You're you're actually incentivizing production and you're disincentivizing consumption. But

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of course that's a dangerous thing to do for an

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economy that's entirely built upon consumption, uh, to discourage consumption.

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So in other words, it's kind of a double edged sword.

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But I've always liked the idea of a consumption tax.

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Uh that that that could have happen. I think we're

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certainly going to see lower taxes. I think people who

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are concerned about estate taxes can now relax a little bit.

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There was concern about that sunset provision. I think people

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who are concerned about their tax brackets going up don't

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need to worry about that now. I think I think

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we know that taxes are going to be low but

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at the same time, even though you and I may

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like that, I mean, everybody likes lower taxes, we just

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remember that, well, how are they paying for all the

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things that are going to be doing. You had mentioned

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the Musk efficiency or getting rid of the waste and

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government efficiency program. Well, you know, even he admits that

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if they implement something like that, it could cause some

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real serious dislocations in the economy for a period of time.

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Speaker 3: So necessary, right.

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Speaker 5: Yeah, No, undoubtedly, it's like a cold, you know, or

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like a flu. I mean, you kind of got to

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get rid of it. You got to cleanse the system.

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And I'm okay with that idea. I mean, I think

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we do need to experience it. We definitely needed cleansing

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in terms of our But again, you know, I think

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it's easier said than done because again, once again the

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key part to keep in mind carry is that no

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one has told us what they're going to cut. Now

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we hear things like we're going to shut down this

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department of this, you know, of education or whatever. Now

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that's all this stuff is easier said than done. It

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works fine on the campaign trail, but actually implementing these.

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Speaker 2: Things about it that you shut down the Department of

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Redundancy Department.

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Speaker 3: Sure, why not?

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Speaker 2: You know, why not redd? They're all redundant. I could

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he just a federal budget by about a third with

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one session of chat GPT I did, Yes, said what

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are the top one hundred agencies to get rid of?

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And it put out agency after agency after agency that

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I never even heard of, you know, the betteral Monument

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and Research and Commission. I don't know what they're searching

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monuments for, but crazy agencies here. That just shows the

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government's completely out of control. And the only way you

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know to bring something under control is you either got

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to cut it, or you got to sedate it, or

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you got to do something kill it.

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Speaker 5: Well, one of the largest areas Carrie, that we could

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really save money is the war machine. Yeah, the Department

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of Defense, the Pentagon, which still can't pass an audit

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after years and years and years. I'd say take the

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knife to the Pentagon. But again that's unlikely in a

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Trump administration. And that's why that's what causes some people

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to be concerned, is that, you know, the idea of

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cutting the waste of the Pentagon. I mean I've talked

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to people who are you know, you know, relatively high

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up in the military over the years, and they've told

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me horror stories of the waste.

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Speaker 3: We've all heard these stories of the wasst the general

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is lining their pockets.

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Speaker 5: Oh, it's incredible waste. And and so you know, to me,

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that's where I would start. I wouldn't start with education.

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I wouldn't start with you know, poor people's food or anything.

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I would start with, you know, the military.

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Speaker 3: I mean, I think this is the most obvious thing.

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Speaker 5: And I may have I haven't really followed the Trump

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campaign very much through this whole process, so I can't

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really say that they've brought it up or not brought

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it up. But I don't recall hearing them saying we're

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going to slash the military or we're going to slash

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the waste in the military. So I have a feeling

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that I have a feeling that this is going to

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be billionaires deciding who should get money, and usually they

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think another billionaire should get money, so surprise, and so

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I'm a little concerned as to who's going to lose

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and who's going to win.

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Speaker 2: You know, so we know probably who's going to lose,

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and that's going to be the American public. One way

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or the other. Even if the intentions really are good,

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which I believe they are, it's still this is the

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turning the aircraft carrier around. Right. The only beneficial thing

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is basically Trump figured out he found all the people

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in Washington that he couldn't trust, right, and he's going

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in there with an agenda. And you know, the day

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that he goes into office, a thousand executive orders will

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be filed. I guarantee you, there's no question about that. So,

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but you know, let's just assume everything continues on the

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way it is. So it's gold, precious metals, bitcoin. What

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about the stock market though, If we have an inflationary environment,

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real estate, stock market, asset investing thrives, right.

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Speaker 3: Sure. Yeah.

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Speaker 5: And when you go back and you look at say

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Trump and at his administration the first four years, he's

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the first guy since President's has Grover Cleveland, I guess

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that has actually had to come into office even then

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come back. And so this will be an interesting novel,

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sort of a novel thing for our generation anyway, to

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see somebody come back. He actually has experience. He's been

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out for four years. He's had a lot of time

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to think about things that could that could you know,

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could be good. We'll see there's a lot of angst

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around his presidency. You know, not just here in the

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country but everywhere. There's a lot of unpredictability. In some

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ways that's good. In some ways that may not be good.

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But as far as the market goes, the way I

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see it is that when you go back and you

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look at the first forty years of Trump, you see

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that technology and I want to say it was I

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used to have this memorized, but I remember it was

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technology was the best performer. And then which is surprising,

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and then the second one was consumer discretionary, these two

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sectors of the S and P five hundred, which kind

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of makes sense. And that when you think about the

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time frame when you look at Biden, what you know

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what the top sector has been under Biden. It's actually energy,

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which again is somewhat surprising as well, because you you

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would kind of think those would be reversed. But it

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all makes sense when you consider the back of the

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historical backdrop for both of their terms. But when we

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look forward for Trump, I think that technology is going

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to continue to be a big, big winner. Innovation is

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simply bipartisan and that's fortunate for us because we want

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to see continued innovation. I think innovation will continue regardless

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of what happens, even if we you know, some people

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will say, hey, we're going to we're going to inter

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a depression. Well, even in times of great depression, you know,

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innovation continues, and so innovation I think is just going

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to continue. We're going to see lots of incredible things

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going to move forward, AI, I think, and quite frankly,

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you go ahead, it's incredible what is done.

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Speaker 2: I'm going to just read you a little something about

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Grover Cleveland's second term. Sure, and let's said he was

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a big anti corruption, populist guy. He was against tariffs

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his first term. Cleveland's second presidency began with optimism, but

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quickly confronted the severe economic realities of the time. While

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they returned with a clear vision for reform and stability,

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the economic foundation was faltering. Shortly after he took office,

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the United States faced one of its most significant economic crises,

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the Panic of eighteen ninety three, which would shape his

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entire second term. History doesn't rhyme, but it sure does echo,

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doesn't it, Jerry?

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Speaker 5: That certainly could happen, That could I mean, the economy

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we're facing now is it's very precarious. As you and

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I both know, we've been saying for years, this is

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not a good situation that we're in. One of the

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concerns that I have now that the presidency is over

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is I've been saying this now for a couple of months,

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and I'm getting this sense that it's going to happen,

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and I'm really hoping it's not. But in the wake

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of this election, now that everything's there, the honeymoon is

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going to now go on for a bit of time.

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Speaker 3: But I'm thinking sometime.

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Speaker 5: You know, in the next month to maybe maybe after

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his first hundred days, who knows, maybe we're going to

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see the credit rating agencies come out and downgrade US

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once again, the United States. There is appsbsolutely no path

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forward that is sane. There is no path forward that

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any creater rating agency could look at America and say

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this is.

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Speaker 3: All going to be fine. There's no scenario.

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Speaker 5: So because there's no scenario where things can get better

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without drastic changes. Well, use, like you said, we may

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see some drastic changes, but that could create and royal

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the markets, royal the economy, and then again people would

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then say, well, where's my fifty cent bread? You know,

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where's my dollar gallon gas line? I was promised to

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lower inflation. So, in other words, the expectations of the

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people also kind of play a part in this and

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and right now. And that's my concern about the whole

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Trump campaign, quite frankly, is that I think there's been

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unrealistic expectations about what to expect from this economy. You know,

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the idea that you don't like, you know, six dollars milk, Well,

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you know that's kind of tough.

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Speaker 3: I mean, look at.

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Speaker 5: Yeah, I get used to it. I mean, if you

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don't like three dollars gas, I mean I don't know

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what to tell you. I mean, you got you got

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some of the lowest tax rates that we ever had.

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They and with Trump gets in of course, which he is,

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they're going to go down. So this this is a

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recipe for some sort of disaster. And while I think

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Trump is going to goose the markets, I mean, look

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at what happened to find look at just look at

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day one of what happened with the Trump victory, and

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you get a pretty good glimpse of what's ahead. Bitcoin

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hit a new all time high when people were saying,

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when's bitcoin going to hit a new all time high?

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We're just waiting for it.

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Speaker 3: When did it? When did it happen?

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Speaker 5: The day that Trump won election? Pro as well is

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pro just a pro crypto and so there you go.

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So now you see very likely to have a We

378
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just did a show called the Bitcoin bull Market Fall

379
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Money podcast people can listen to, and it's all about

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the pro crypto policies of the president. That absolutely is

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going to be huge. We're going to see, I think,

382
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quite frankly, we're going to see a massive bubble in

383
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crypto that's going to be completely unsustainable.

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Speaker 3: It's going to be absurd.

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Speaker 5: Okay, lots of scale, lots of scamer's coming out two.

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Speaker 3: Two thousand bitcoli.

387
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Speaker 2: It's gonna triple to quadruple and which is a great opportunity.

388
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So you buy a little bit. Now I don't have

389
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a lot, but what I have has gone up fifty percent.

390
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I just was buying a little bit every single Sunday

391
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and finally I hit my target number and I just stopped.

392
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And I did that over the course of like a

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couple of years, and now I just stopped and I'm

394
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just watching it because it hit my target number. Another

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thing in Grover Cleveland's second term, there was unrest in Hawaii,

396
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so he sent an investigator over to look at Hawaii.

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Speaker 3: And guess what he found out. Our investigator.

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Speaker 2: You're going to love this, because we forget about history,

399
00:21:55,079 --> 00:21:58,839
especially our own. He found that there had been a

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coup of the ruling queen, the queen of the uh

401
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Hawaiian the Polynesian tribes there that was backed to improperly

402
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by the United States. I mean, the stuff never gets old, Jerry,

403
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it does.

404
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Speaker 5: And it reminds me of Stephen Kinzer, who we've had

405
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on the on the Pole my packcast a few times.

406
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Speaker 3: I don't know if you've had Stephen Kinzer on before.

407
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Speaker 4: Now.

408
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Speaker 3: He wrote a great book. He wrote a break great book.

409
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Speaker 5: I think it's called Overthrow, where he goes through and

410
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he just talks about all of these different episodes, including

411
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Hawaii in the late eighteen or the late nineteenth century

412
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in Iran and you know, all of these different things.

413
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What a great book and what a great what a

414
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great guy who's really exposed a lot of that. You know,

415
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when we think we think about what else a Trump

416
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administration might be, what we might see again, look at

417
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Day one, you see financials were one of the biggest beneficiaries.

418
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Speaker 3: Why is that.

419
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Speaker 5: Well, again, financial corporations like Blackrock and J. P. Morgan,

420
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they're always looking for somebody to loosen the regulations, and

421
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that's what Trump is going to bring. I mean, here's

422
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what we can pretty much know for the next few years.

423
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Your taxes are not going to go up very likely.

424
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If they do, it's going to be very strange. You're

425
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also going to see financial regulation, you know, get dumbed down,

426
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and so there's going to be a lot of scams.

427
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There's going to be a lot of people getting fleeced

428
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by big banks, all kinds of that kind of stuff

429
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we're going to see. I think we're going to see

430
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some of the biggest bubbles we've seen in tech and

431
00:23:30,799 --> 00:23:34,039
an AI because again, when the when you know, what

432
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what do they say when the when the wolf's away,

433
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the chickens play or whatever, and so you know, the

434
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idea is.

435
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Speaker 3: Play.

436
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Speaker 5: But you know, you know this idea that that you know,

437
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the cops kind of off the beat for the next

438
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four years, and so all of those industry we were paying.

439
00:23:50,359 --> 00:23:54,400
Speaker 2: Off anyway, yes, taking off a few hundred Bucks a

440
00:23:54,480 --> 00:23:59,359
week and a the Scotch and a box of cigars

441
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for Rismiss, he's now totally off the beat.

442
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Speaker 5: Yes, And there are two industries that I personally don't

443
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invest in. I just I just have a moral situation

444
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whereas I don't want to invest in them.

445
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Speaker 3: But they include, uh, you know.

446
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Speaker 5: The military industrial complex, which I think is going to

447
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do great under Trump, just as it did last time.

448
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So I think that's going to do great because again

449
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we're not going to touch them, We're going to we're

450
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going to find other places to cut. And then also

451
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the private prison complex, which again I despise, but nonetheless

452
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we've already seen those kinds of stocks really accelerate. The

453
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other thing that I think we'll see do well or in,

454
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you know, the industrials. We've already saw the Dow hit record.

455
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In fact, the Dow was the best performing index I

456
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think on the on election day or in the wake

457
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of even more than the Nasdaq, even more than the

458
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S and P. And a lot of that had to

459
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do with companies like New Core or Domestic Steel. So

460
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I think, you know, I think these steel companies, there's

461
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a lot of industrial copanies are going to do well,

462
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I think it's going to see a lot. What's going

463
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to fail, what's not going to do well well. The

464
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first one that comes to mind is clean energy. Clean

465
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energy got hammered whenever we saw the election results. Yes,

466
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clean clean energy is a space that I've long hoped

467
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to see succeed and it is succeeding. But you know,

468
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with all kinds of red tape and then a mess,

469
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it's a total mess. And then the other one that

470
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that at first I when I when when I first

471
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saw the election results, I thought, I thought about cannabis,

472
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and I thought, you know, that's been a tough market.

473
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Speaker 3: Uh, been very tough market. That's that's to say the least.

474
00:25:37,200 --> 00:25:40,119
Speaker 5: Uh. And But I but I also was thinking about

475
00:25:40,160 --> 00:25:43,680
it yesterday and I recalled somebody actually brought this my

476
00:25:43,680 --> 00:25:48,880
attention that RFK Junior, who Trump has been saying, hey,

477
00:25:48,880 --> 00:25:51,680
I'm going to let him loose on our healthcare system,

478
00:25:52,359 --> 00:25:57,920
has been very pro cannabis. So and and Trump is

479
00:25:57,960 --> 00:26:00,279
also hinted that way. So many people right now you

480
00:26:00,279 --> 00:26:04,759
see cannabis stocks, they've been hammered. I'm wondering if that's overdone,

481
00:26:04,960 --> 00:26:07,559
and the fear there might be a little too extreme

482
00:26:07,680 --> 00:26:10,559
because I'm of the opinion that we've almost got this

483
00:26:10,680 --> 00:26:14,920
cannabis thing to a bipartisan solution where we might actually

484
00:26:14,960 --> 00:26:17,640
see just a federal tax upon it, and then they

485
00:26:17,680 --> 00:26:21,079
just say medical is fine. I can see why recreational

486
00:26:21,160 --> 00:26:23,880
might be a problem. You know, I live in Arkansas,

487
00:26:24,160 --> 00:26:27,480
and they have medical cannabis here, and I like the

488
00:26:27,480 --> 00:26:29,960
way they do it here, Carrie. When I go to

489
00:26:30,000 --> 00:26:33,319
other states like Oklahoma, it's like billboards everywhere. You know,

490
00:26:33,319 --> 00:26:36,079
it's pretty crass, and you know, when your kids are

491
00:26:36,079 --> 00:26:37,920
seeing it, you're like, I don't know, I don't know

492
00:26:37,920 --> 00:26:40,359
if I really want this. But when in Arkansas, everything's

493
00:26:40,400 --> 00:26:44,720
low profile. There's no billboards that I recall seeing. It's

494
00:26:44,839 --> 00:26:48,160
very low profile, the signs are small. So think I

495
00:26:48,160 --> 00:26:49,839
think there's a right way and a wrong way to

496
00:26:49,880 --> 00:26:51,640
do this, And I think eventually we'll get to a

497
00:26:51,680 --> 00:26:56,319
place where the federal government's going to bless medical cannabis

498
00:26:56,359 --> 00:26:58,480
and just have a federal tax and just leave it

499
00:26:58,519 --> 00:27:01,359
at that and then let states decide on the recreational side.

500
00:27:01,359 --> 00:27:03,240
I think that's probably what's going to happen, and I

501
00:27:03,240 --> 00:27:05,599
don't think we're too far off from that. So I

502
00:27:05,640 --> 00:27:08,519
think there's some opportunity in the cannabis space. Yeah, that's

503
00:27:08,680 --> 00:27:09,599
that is the best way.

504
00:27:09,640 --> 00:27:14,799
Speaker 2: If Florida just turned down the proposition for recreational and I.

505
00:27:14,839 --> 00:27:17,519
Speaker 5: Think that was the right move. I personally, you don't

506
00:27:17,519 --> 00:27:19,640
want to become a tourist state for this stuff. You know,

507
00:27:19,960 --> 00:27:20,759
it's it's.

508
00:27:22,440 --> 00:27:22,599
Speaker 3: Right.

509
00:27:22,599 --> 00:27:24,759
Speaker 5: You go to Nevada, you can go to you know,

510
00:27:25,000 --> 00:27:27,480
Colorado became early. You know, the kind of the tourist state.

511
00:27:28,000 --> 00:27:30,279
These these states are ready for that. Let them handle it,

512
00:27:31,079 --> 00:27:34,599
you know, in your local state. I think medical is

513
00:27:34,720 --> 00:27:37,000
a fine solution for people who need it. It's better

514
00:27:37,039 --> 00:27:38,240
than opioids, you know.

515
00:27:38,519 --> 00:27:38,720
Speaker 3: Yeah.

516
00:27:38,839 --> 00:27:42,759
Speaker 2: The problem with the recreational is that once they legalize it,

517
00:27:43,039 --> 00:27:44,160
people just do it out.

518
00:27:44,079 --> 00:27:44,640
Speaker 3: In the open.

519
00:27:45,039 --> 00:27:49,000
Speaker 2: And yeah, cities that are just a cloud of marijuana smoke. Yes, Seattle,

520
00:27:49,359 --> 00:27:55,440
like Denver, like New York City hasn't exactly been implemented

521
00:27:55,440 --> 00:27:56,240
the legalization.

522
00:27:56,359 --> 00:27:56,960
Speaker 3: That's the fact.

523
00:27:56,960 --> 00:28:02,880
Speaker 2: The legalized and any scheme should have severe penalties for

524
00:28:02,960 --> 00:28:05,880
people doing it out in the open, all right. It

525
00:28:05,920 --> 00:28:10,039
should be in the privacy of your own home or indoors,

526
00:28:10,079 --> 00:28:15,880
not outdoors. And any public intoxication we need to up with.

527
00:28:16,079 --> 00:28:18,920
We already have a lot of enough statutes for ever.

528
00:28:19,799 --> 00:28:24,160
All right, you can't be in public intoxicated.

529
00:28:23,559 --> 00:28:26,920
Speaker 3: That is agreed. Yeah, I feel the same way.

530
00:28:27,039 --> 00:28:30,920
Speaker 5: So I really like the medical cannabis laws that we

531
00:28:30,960 --> 00:28:32,960
see here. Like I said, I said in Arkansas, they've

532
00:28:33,039 --> 00:28:34,359
kind of fumbled it quite a bit here.

533
00:28:34,400 --> 00:28:35,920
Speaker 3: They took them forever to roll it out.

534
00:28:35,960 --> 00:28:38,039
Speaker 5: But the way they've done it so far, I've been

535
00:28:38,039 --> 00:28:39,880
pretty impressed with it, especially as I go to other

536
00:28:39,920 --> 00:28:42,039
states and see how they've handled it. I think the

537
00:28:42,160 --> 00:28:46,000
longer term solution for this is a medical cannabis solution

538
00:28:46,319 --> 00:28:50,279
that's blessed by the federal government. Pay us our federal taxes,

539
00:28:50,480 --> 00:28:53,920
the tribute recre yet to pay us a tribute recreational.

540
00:28:54,000 --> 00:28:55,759
You want to do that, that's up to the states.

541
00:28:55,759 --> 00:28:57,920
They can decide if they want to do that, but

542
00:28:58,440 --> 00:29:01,240
medical should be the federal mentioned. Just leave it alone

543
00:29:01,839 --> 00:29:05,160
and move on and deschedule this thing, or reschedule it.

544
00:29:05,640 --> 00:29:09,359
Speaker 2: You know, it's time to rethink the whole drug thing. Addiction,

545
00:29:09,839 --> 00:29:13,200
both for alcohol and for drugs, make it hit a

546
00:29:13,240 --> 00:29:18,720
public health issue, not a criminal justice thing. Everybody who's homeless,

547
00:29:18,839 --> 00:29:22,400
who's a drug addict or an alcoholic eventually winds up

548
00:29:22,400 --> 00:29:24,640
in jail. They will since they have to steal the

549
00:29:24,680 --> 00:29:29,400
support their habit, steal to buy their alcohol, and eventually

550
00:29:29,480 --> 00:29:32,039
they wind up being treated in jail. And that is

551
00:29:32,079 --> 00:29:36,720
the worst therapeutic environment for somebody who's really mentally ill

552
00:29:37,319 --> 00:29:41,599
and needs help. Not confinement where they might need confinement,

553
00:29:41,680 --> 00:29:49,400
but not inhumane punitive confinement. They need rehabilitative confinement. Yes, absolutely,

554
00:29:49,440 --> 00:29:52,240
they need to be restored and rehabilitated and not treated

555
00:29:52,319 --> 00:29:55,079
like a you know, a murderer or something along these lines.

556
00:29:55,440 --> 00:29:58,039
All right, Jerry, so he's great. Catching up with you,

557
00:29:58,440 --> 00:30:02,319
been too long, Will catch up with again soon. Follow

558
00:30:02,359 --> 00:30:05,839
the Money dot com. That's the website. Questions comments for

559
00:30:05,920 --> 00:30:09,680
Jerry myself kl at krieluts dot com. You'll find a

560
00:30:09,720 --> 00:30:11,920
link to the show notes in the show notes of

561
00:30:11,960 --> 00:30:15,319
this interview on Financial Survival Network dot com.

562
00:30:15,359 --> 00:30:18,519
Speaker 3: To Jerry's site. Jerry, We'll talk to you and soon

563
00:30:18,599 --> 00:30:19,039
be well.

564
00:30:19,160 --> 00:30:22,359
Speaker 4: Thank you so much, thanks for listening to Carrie Letz's

565
00:30:22,359 --> 00:30:27,400
Financial Survival Network, your solution to today's trying times. For

566
00:30:27,480 --> 00:30:32,279
the latest, go to Financial Survivalnetwork dot com. Financial Survival

567
00:30:32,319 --> 00:30:32,920
Network

568
00:30:33,200 --> 00:30:34,759
Speaker 3: Now more than ever