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Speaker 1: Well, a couple of years, I have been saying that

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the cycles are lining up to bring the same terrible

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situation as in the early threeties, and I talked about

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twenty twenty six. Yes, and this is a danger, danger,

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long term danger situation.

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Speaker 2: You're listening to Carrie Letz's Financial Survival Network, where you

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get valuable information. You just can't find anywhere else to

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

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Network now more than ever. Go to Financial Survivalnetwork dot

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com and get your free newsletter and gift. Financial Survival

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Network now more than ever.

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Speaker 3: And welcome you are listening to and watching the Financial

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Survival Network. I'm your host, Carrie Letz, and back, by

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popular demand is Charles Nenner. Charles, you've been on the

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show numerous times. You've made a number of the very

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canny accurate calls. We talked extensively in the past about

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the war cycle, and it certainly looks like that cycles

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heating up now as you had given us poor tens

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of in the past. Where do you see the world

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war cycle now? Are we heading towards the conflagration or

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is the cycle going to ease off?

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Speaker 1: The cycle is a little bit going to ease off,

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but the big explosion is going to be in two

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thy thirty to thirty two mm hmmm.

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Speaker 3: So obviously you know the cycles there, you don't really

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know how it's going to be, what the players are

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going to be.

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Speaker 1: Well, we know who the players are. Yeah, I just

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get back to my same situation. I think the biggest

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problem is going to be China and Taiwan. And I

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will tell you why. If the United States gets involved,

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to have a big problem. Right, if the Chinese tied

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to take over the one. Now, if the United States

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doesn't get involved, we have a big problem. Why because

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then big countries see that, you know, you can take

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over smaller countries and nobody will do anything. So then

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the other countries we're going to do the same. There's

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still a lot of disputes in Europe, in the Slovakia

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and who knows where. And he says, okay, so it

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seems the United States not interfering, so we can take

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over this country, we can take over that country. So

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there's no good solution for this problem.

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Speaker 3: Mhm. So we're basically damned if we do and we're

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damned if we don't. Correct all Right, so, I mean,

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it's all part of the political cycle. I guess the

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war in Ukraine Russia is according to your work, do

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you have an opinion on it?

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Speaker 1: Well, I have an opinion about it, very strong opinion

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about it. How that started, there was an agreement with Gorbachev,

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I have to go down back a little bit, that

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they shoot. The Americans assured him that if he would

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withdraw half a mon allion soldiers of the army from

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Russia from East Germany, that's where the NATO would stop.

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And actually they broke their promise to to mister put

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In several times, and they expand and they expand until

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he says, listen, not here. And if we compare it

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to the situation with Kennedy, Kennedy nobody had any problem

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that he was treatening Cuba because the Russians are putting

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rockets over there. But now it seems the Americans say,

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I don't understand why Russia has a problem that we

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expand the NATO right to their borders and putting Cystel

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here not further. And if if only Selinsky would say okay,

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we would all will not be part of the NATO,

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I think it would we have the end of the

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whole problem. And he warned them. He warned them, you're

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not going to get close to my border with the NATO.

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And these NATO people say, I know because I'm from

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Europe and very close to them. They say, well, nobody's

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going to tell us what to do. I said, yes,

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But if you come to my house and put a

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rocket in front of the house, I can tell you

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what to do. I says, I want you to move

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the rocket the way. And if you say, you know,

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don't tell me what to do, you get in trouble.

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So that's the whole problem over here that doesn't nobody

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wants to give in.

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Speaker 3: There's a very unpopular opinion in the United States, but

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it's one that I adhere to because there was a

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historian I can't remember his name back in the nineties

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early nineties when the Iron Curtain fell, and he warned

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the United States about encircling Russia with NATO and that

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it would inevitably lead to conflict. As far as the

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war ending, is it going to end here at some

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point in the not too distant future. Hopefully.

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Speaker 1: I don't think it's really going to end. Maybe we'll

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have a pause. But this is going on. For this

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is going on for a long time, as long as

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Zelinsky doesn't say, and the native doesn't say, we understand,

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they don't understand the Russian see under the Russians date.

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They suffer with a lot from Napoleon am Hitler and

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from the Russian Revolution and the Second World War. And

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it seems that the West is not understanding why Russians

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are afraid. They don't want to take over Europe. They're

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just afraid for next to massacre.

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Speaker 3: Yeah, and understanding that. We don't think Putin is a

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choir boy by any stretch, but in this case he's

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legitimately looking out for Russian interests and encirclement is not

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the way to get on his good side. If there

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is a way.

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Speaker 1: For Russia, it's very difficult because there's almost no way out.

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There's no way out, and I know that because I

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have some context with the Russians for many years, because

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they're surrounded by all the Muslim countries, so they have

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not a lot of trust in having that as an exit.

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And then you know, to the north it's difficult. So

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they need Europe actually, and if Europe would be would

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be clever, they would just incorporate Russia because actually that

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Russia wants to be part of Europe. But we have

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this doctor in the United States. What is it called

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Monroe doctrine or something like.

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Speaker 3: That, the doctrine.

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Speaker 1: Yeah, that we have to finish up the Russians. Nobody

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knows why, and we're not looking at the rest of

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the world. That starts to be much more dangerous. So

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as long as they have this doctrine and they expand,

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it's not going to stop.

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Speaker 3: Yeah. Well, Trump's really does not appear to be a

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big supporter of the war, wants it to end, but

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there's just interest not to mention the military industrial complex exactly.

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You know, they're the biggest beneficiar area of it. They

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don't care who wins or loses, as long as they're

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products keept put in production, destroyed and then need to

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be replaced.

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Speaker 1: Yes, the Christmas to come in and you know, make

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money on the rebuilding of the Ukraine.

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Speaker 3: Yeah, exactly. Well, hopefully they'll see some sense. What do

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you see with the stock market, particularly, you know, the

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Dow Jones, the major indices were going to keep seeing

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them go higher, And is that strictly a result of

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inflation or is there something else going on.

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Speaker 1: What's going on is that everybody's crazy. And I remember

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in two thousand and seven eight I predicted this, this

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crash and on CEB see and after the question says says,

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how could we so stupid to think a market never

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goes down again? For a couple of years, I have

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been saying that these cycles are lining up to bring

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the same terrible situation as in the early thirties, and

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I talked about twenty twenty six. Yes, and this is

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a danger danger, long term, dangerous situation.

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Speaker 3: Mm hmm. So the markets are grossly overvalued, isn't it

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a lot of a function of money coming from money

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flows coming from other countries' loss of faith in their

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own markets and their own government paper.

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Speaker 1: Well, they don't trust the American paper much better. No,

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nobody trust anybody. One of the reasons gold is up.

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And I don't know if I discussed on this show

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was again from the europe perspective.

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Speaker 3: A lot of.

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Speaker 1: European countries had the gold stored with the Americans, and

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at a certain moment they thought that and probably was correct,

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that the Americans were all we estimating they didn't have

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all their gold anymore. That are supposed to keep from

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the Europeans. And then I said, now they're going to

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buy back a lot of gold, because Europeans already asked

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them to send back the gold to Europe because they

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didn't trust the Americans anymore. Oh now it's nobody trusts

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anything any anything anymore. Because you know, I have friends

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who who cannot send their children to kindergarten because the

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subsidies disappeared, because everything goes to the defense now in Europe,

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which is going to kill the economy. Also because these

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people cannot go to work, they have to take care.

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Speaker 3: Of the children.

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Speaker 1: So this is really a worldwide situation that you cannot underestimate.

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Speaker 3: So gold keeps going higher, and what about silver.

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Speaker 1: Well, both of them, both of them. There's a lot

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of cycles stopped over here, and I think they only

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go up again in the summer June July. I expect

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now to see some weakness and then into the summer

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and then go up again.

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Speaker 3: How high you think they can go, I.

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Speaker 1: Couldn't tell you. I couldn't tell you because the system

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I have goes calculates this from the lost highs, and

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it's so far above the last high that I couldn't

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come up with a number.

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Speaker 3: Wow.

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Speaker 1: So so I did years ago write an article for

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Golden Sacks when I was there that if they would

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connect the gold standard again which was taken out by Nixon,

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to the dollar, then I know the price is going

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to thirty thousand.

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Speaker 3: Mm hmm. You think, I think they.

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Speaker 1: Dared to do that, but you never know what's going on.

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Speaker 3: Yeah, do you think that could actually happen? I mean

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that would require giving up power, the ability to run deficits,

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to basically spend on anything that they deem necessary, and

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it would just be giving up massive power. Effect Well,

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there is there is research.

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Speaker 1: It says that the expansion of a bigger state country

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is usually two at fifty years. And first we were

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proud because on Dutch, the Dutch who was ruling the

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world and the seas two and fifty years, they got

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into a deficit, and then towards the Spanish and Portugal

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and they got into such a deficit and they gave up.

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And then it was the English and they also got

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in trouble. And if you go from the Civil War,

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I think it's now fifty years exactly to the point.

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So the United States should be at the end of

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the expansion. And like I said a couple of years ago,

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the major major powers in the economy is going to

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come from the east in the China, of course, Japan,

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It's going to come from there. And the West is

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just gonna, you know, stay behind, like Europe is staying

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behind early for many years. Also the United States will

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stay behind. And I understand the problem. Nobody wants to

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do something about the deficit because it makes you unpopular,

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so they continue to continue to continue. And if something

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happens and the short term interest rates have to go up,

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they almost cannot you know, pay their debt. It's going

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to be a big problem.

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Speaker 3: So are ray it's heading higher.

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Speaker 1: The long term rates are still heading higher, but waiting

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for the short short term rates, you know, to not

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right now, but if they go up a percent or so,

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then there's a big travel ahead.

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Speaker 3: Now.

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Speaker 1: The work I do with the cycle is actually in

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the interpretation of the facts. And let me give you

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and give you an example. Let's say you own IVM

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at one hundred and it goes one hundred and fifty

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doing great, So IBM comes out with a great number.

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So the question is is IBM going up tomorrow? Or down,

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so everybody will say it's a great number. It goes up.

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So if it goes up, the walls etournal will write

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the results were so good, people pour it into IBM.

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Whatever AM goes down the next day now to come

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up with a story. People don't think IBM can do

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better next time, so they to profit. No, No, that's

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how it works, and I work. So even if you

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know the facts, you have to know the interpret So

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why do I say this. We have this problem with

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the deficit, and everybody knows this problem, but since the

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cycles were up, they don't take it seriously. So once

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the cycle turns down, they all start to remember all

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the bad situations that are in the world, and that

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will sell off the market. So it's not based on facts.

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It's based on the interpretation of facts, because we all

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know what the situation is.

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Speaker 3: Right, And I know you said in the past that

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the cycle determines the news, not that he's determining the cycle.

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I explain that to people and it's like I'm talking

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a foreign language.

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Speaker 1: You can't, you can't, you can't do it. I made

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it this extreme that they say, well, what if they

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will you say the market goes up and they will

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kill Trump today and the market can cannot go up.

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People will say right, and they say, it's the other

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way around. It's like quantum mechanics, which most people don't

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know about it. The cause and result is reversed. So

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if I see the market goes up, today's not the

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data can call Trump. They can only kill Trump if

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the market is going to sell off.

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Speaker 3: And we're saying figuratively here, not literally, but yes, yeah.

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And that's the fascinating thing that once you get it

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through your head, that the that the cause is really

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the effect and the effect is really the cause. It

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really changes your outlook towards how you see news, how

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you see markets, everything else. So inflation, they like to say,

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inflation's gone, it's under control. But the cycle is the cycle, right.

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Speaker 1: Right, and you can't stop it. It's nothing you can do.

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I used to say. People say, so what do we do?

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I says, well, after summer comes winter you can stop it.

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But if you know it's coming, you can have a

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winter code. So what my work does is we don't

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look at the news. We just know what's going to happen,

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and later we find out why it's going to happen.

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If that is already connected. Maybe they just make up

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a story. You don't know.

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Speaker 3: Yeah, there's a lot of fiction. I kind of view

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it as like you're in Hawaii and the title wave

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is coming and you're on a surfboard, and do you

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try to fight the wave or do you try to

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ride the wave? And riding it is always the best

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course of action. You might get thrown off the board,

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but at least you're heading in the right direction. And

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really it's kind of fascinating. So food prices, energy prices.

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Let's do energy first, because you've been uncannily correct on

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energy prices over the long term.

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Speaker 1: If you remember that once we had a crash and

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I predicted that the oil price will go to three dollars,

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Do you remember that?

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Speaker 3: Yes? I remember.

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Speaker 1: It was so strange, and it went even to minus

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two or minus three and a minus four. So I

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was in contact with some governments, says, by all the

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contracts you can, because now you can tobute fuel for free.

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Wasifuying it under the price? Okay, there were not a

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lot of them. Were not sophisticated again enough to know

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how to do it. And now I forgot your question.

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Speaker 3: Can you hear out so well, first I'll talk about

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energy prices short long term, and then food prices.

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Speaker 1: Okay, so I tell you short term, we had an

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upside target of sixty seven forty. I think we reached

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sixty seven thirty and we'll see a bit shortened weakness.

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But longer term, oil prices are going higher. The weekly

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cycle is up, and people will say that's because of Iran. Well,

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if it didn't go up really to the roof until now,

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it has nothing to do with Iran. It's just the cycle.

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So longer term, we're bullish on the on the crude

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and not a natural gas. Yet we're still short natural gas.

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In a couple of weeks we see as bottom coming

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in natural gas. So let's see if Trump I think,

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you know, it's too expensive to keep the half of

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the army around Iran and not do anything. So I

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think they have to do something. And let's see if

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there's any connection to the to the oil price. Last time,

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nothing happened when they thought that Iran, So again here

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we go. Has nothing to do with the news, otherwise

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all the traders would be very long over now. And

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now I think we're on sixty six and so obviously

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they don't make any connection with Iran.

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Speaker 3: Nothing's happened with Venezuela being taken over either. So is

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that telling us that the economy is really weak, that

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the economic cycle is down, or is it telling us

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that supplies are way more than necessary. I'm not sure

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how to read it.

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Speaker 1: Well again, you see not that you made the same mistake,

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But it's the interpretation. It just depends what people think

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right now and the cycle. How did I get into

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the cycles because I did the psychiatry residence when I

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was a medical doctor, and we tried to find out

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all over the world if people become psychotic at the

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same time the cycle that all over the world, the

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more psychotic pagers. Now we knew that if there's full moon,

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more women get birthed early, and so you have to

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staff your hospital. If you ask me why, nobody knows

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what it has to do with the full moon, but

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you just have to be ready.

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Speaker 3: Yeah.

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Speaker 1: Well, as a doctor, you learn if the red pill

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saves you, I give you the red pill. You ask

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me how it works. I don't know. So that's the

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same what we do with the markets. Why it happens,

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could be, could not be. I have this big discussion

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about the black Swan theory. You know, the black Swan

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theory is unexpected coming and that can crash the markets. Now,

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if you know the banks and the companies I work with,

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how much people they have working on what could trigger it,

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we don't have to look that. We know when it's

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going to happen. So, well, why do you do all

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that work? So I asked them why do you do

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all that work? And then they say, because if we

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have shareholder meetings, this is how people think, and we

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cannot say, listen, we know when it's going to happen.

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We don't know why they don't accept it. So they

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have hundreds and hundreds of pages of explanations in case A, B, C,

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D what can happen? So why are people still not

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following what we just said that why don't you look

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at what's going to happen and not why it's going

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to happen? Because they're conditioned by this by people who

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sell the networks, you know, the cnbcs and the foxes

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et cetera, et cetera. And there's a whole industry around

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this with people who have no idea why your market

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goes up and down as you broke, It doesn't know

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and they keep the reality out of the common view.

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So that's why most people don't improve.

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Speaker 3: And the black swan always comes from outside the system,

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not from within, so they're looking in the wrong places anyway. Yeah,

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so food prices, you know, they've been pretty contained as

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of recently. What's the cycle telling us there?

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Speaker 1: It will take some a while, but the inflation's coming back.

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Speaker 3: Yeah, So can we tell inflations down just because of

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the cycle or.

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Speaker 1: Just because of the cycle. If you think that prices

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go up, look at countries where they have an economy

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of Venezuela or Iran or whatever Turkey and they think,

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you know, tomorrow my money is worth less, so I'm

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going to buy it today. Drives the prices. Nothing happened yet,

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Is this what you think? So once people are thinking

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inflation comes back, we have a problem, right.

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Speaker 3: One final question about silver. You know, we see it

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appears that silver is in a shortage chronic deficit. We

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don't know how much silver is out there being held,

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especially in Asia by just cultures that believe wealth should

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be kept in metals. Is a cycle appearing that silver

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is in tight supply?

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Speaker 1: In fact, I really I heard that also, it's not again,

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it's not what we're busy with. We're busy enough with

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all the markets we follow. And again I tell you

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that they all said, to people who like to know

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what we do, you can go to the website. You

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don't have to give a credit card. You can go

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out thirty days for free. We don't ask a credit card,

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we don't ask anything. And see how we do it.

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So we're busy with what's going to happen and when

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it's gonna happen, and a lead for the other people.

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Like Buffett said, I never saw a journalist a financial journalist.

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There was a multi millionaire. And if you listen to

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the people on television, they sit there. Actually I like

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them because it used to be a lot on CNBC.

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They sit already for thirty years and we listen to them.

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And if they would be so good, you know, they

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would do something else. Yeah, they would have a hedge fund,

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or they would be running a bank, or there will

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be you know.

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Speaker 3: The talking heads never steaks to amaze. Well, those who

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can do those who can't teach. Those who can't teach,

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teach teachers. Those who can't teach teachers become journalists pretty much.

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Speaker 1: So I just forgot to say. So, if you go

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to Charles Nanda Research Center, you can sign us thirty

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00:22:24,559 --> 00:22:27,240
days for free and just follow how we do it.

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At least you know how the insiders do it. If

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you don't want to do it that way, if you

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want to listen to the media, you're free to do it.

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But at least if you notice knowledge around and it

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can really help you making a lot of fortune.

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Speaker 3: Yeah, I've seen it over the years. I've experienced it myself.

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The link is in the show notes this interview on

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00:22:45,759 --> 00:22:50,680
Financial Survival Network dot com. We're now fully substack, so

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00:22:51,440 --> 00:22:55,359
please sign up, subscribe, and Charles appreciate you coming on

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00:22:55,480 --> 00:22:58,559
as always, Be well and we'll talk to you soon.

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Speaker 1: Okay, we will.

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Speaker 2: Thanks for listening to Carrie Letz's Financial Survival Network, your

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00:23:04,680 --> 00:23:08,480
solution to today's trying times. For the latest, go to

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Financial Survivalnetwork dot com. Financial Survival Network now more than ever,