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Speaker 1: And that is that the quiet eight hundred pound gorilla

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in a room is thirty one trillion dollars thirty two

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trillion dollars of debt. At some point that becomes instrumutable

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in our lifetime, and that will just kill the US

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treasure market, which will kill inflation, and which will drive

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up inflation and so forth and so on.

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Speaker 2: You're listening to Carrie Leutz'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.

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Speaker 4: You are listening to and watching the Financial Survival Network.

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I'm your host, Carrie Letz, and today we've got a

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returning guest, Elliott Collen and from my home state of

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New York and Elliott's financial expert. Elliott. We have this

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election all right. You're in the People's Republic of California.

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Now you're watching the place literally burn to the ground.

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Very disturbing, and we've got a change of administrations coming.

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But the overall economy they're trying to tell us, is wonderful,

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everything's coming up roses. If you're an average person on

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the street, you know better than that. Yeah, if you're

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in the upper ten percent of income earners, not as bad.

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But inflation out of control. They say it's coming in

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control or under control. But again, you know, you go

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to the supermarket and you scratch your head and say, man,

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this stuff is still getting more expensive every time I go.

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So economic reality versus political reality, where are we?

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Speaker 1: Well, Well, first of all, carry thank you so much

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for having me on. It's great to be here. You're

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at Florida. I'm in northern California, and you're right, we're

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on fire in southern California, and we should talk about

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that and how that's going to affect the economy of California,

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because that's actually really important subject for the western half

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of the United States because it will effect at least

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a third of the United States the fires in California,

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and we just had an election, and that's going to

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affect everybody and all of us. So let's talk about

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what happened here first, if we could, and that is

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that you and I both know with consumers that there's

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no such thing as three percent inflation or three and

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a half or whatever they think there is. Because I

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shop and I cook, and I buy wine, and you

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do the same thing or whatever they like to drink,

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everything is up significantly. Every dinner is up. I go

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out to dinners all the time because I write about high,

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good quality food. There's nothing even close to what I

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paid two years ago for dinner. There's nothing even close

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to wine what I pay two years ago. I think

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the best example of that is one of my favorite

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wineries is Pine Ridge up in Napa.

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Speaker 3: I i'ven't been there, yeah, yeah.

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Speaker 1: And my favorite one there. I actually have a vine

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named after me at pine Ridge.

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Speaker 4: No any Yeah, they made a great chardonnay. Yeah, really

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liked the place. Beautiful, beautiful, little smaller winery when I

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was there.

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Speaker 1: It's all by treasuries, not as small as it once

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was now treasure once and they have their their top

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of the line wine is fortys f r T A

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s then trying to do a commercial for Pine Ridge,

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but I've been buying that since that came out, and

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when I started buying that twenty years ago, it was

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eighty five dollars a bottle, which was the very high

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end of my budget twenty five years ago for red wine,

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and today that's two eighty five to three twenty five.

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And I was in there not too long ago, as

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they donated to our charity. They're very, very generous people.

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And I said, I want to really ask you. The

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question when I started buying was eighty five. It's four x.

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Can you tell me this wine is four times better

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than what it was twenty years ago? You can't? And

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he said, no, it's probably exactly the same. Our costs

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have gone up, but anything over now eighty to one

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hundred dollars, it's now based on what the wine maker

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wants to sell it for what can he get for it.

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And that's kind of what's going on with eggs and

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with bread. And you know, I'm shocked that I'm paying,

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you know, five and a half dollars for a dozen eggs.

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It's Safeway in California, and it's the numbers.

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Speaker 4: Go to health Whole Foods if you really want to

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be shocked. I paid seven dollars for cage free, free

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range organic eggs, and you know it's three bucks a

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couple of years ago.

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Speaker 1: Yeah, And we could argue with her that's a cage

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free and organic are good moves for you. I'm not

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sure that that's another subject when you gets somebody on

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from that industry. But everything is up. So as a consumer,

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we know it costs more than ever to do everything.

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Filling up my car is still really expensive. I mean

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that probably will come down a little bit. Plastics, paper,

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coffee super expensive. My electric bill is up about fifty

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percent over the last three years in California and now

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going to go up even more now with the fires.

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And so we voted with a wallet. You've got a

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new president coming in on the twentieth of January, and

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there are a lot of things that are going to

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happen short term and long term, some for the right

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reasons and the good and some that could have negative consequences,

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and the both political sense and from the economic side,

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which you and I live at economic side, we have

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to live with what is the fallout of politics and

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the economy for the federal level or the world calls

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macro and how does that affect our micro level and

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the stockwater.

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Speaker 4: Yeah, so Trump talks about bringing prices down by increasing

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energy production. But you know, Milton Friedman said, God almost

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sixty seventy years ago. Inflation is always first and almost

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a monetary phenomena, and we're running these, you know, multi

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trillion dollar deficits. We're printing the difference, and the only

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thing that's really keeping the country afloat is the perception

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of the safe haven and money flowing in from the

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rest of the world, which is even in worse shape.

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Speaker 3: Than we are.

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Speaker 4: So I always like to say the United States economy

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is the is the best looking house in Baltimore.

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Speaker 1: Well, let's call the best looking horse in the glue factory.

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Speaker 3: How's that best? The least dirty shirt in the laundry?

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Speaker 4: Right?

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Speaker 3: All that?

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Speaker 1: All that, so, let let me go back for a moment,

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because you really bring up some good points that a

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lot of people don't understand, Kerry, and that is that

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the quiet eight hundred pound gorilla in a room is

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thirty one trillion dollars thirty two trillion dollars of debt.

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At some point that becomes insturmountable in our lifetime, and

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that will just kill the US treasure market, which will

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kill inflation, and which will rive up inflation and so

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forth and so on. I'm hoping that the appointing of

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a couple of you know, tycoons to give ideas to

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cut government will be the first step in the right direction.

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I'm hoping everybody's hoping that these two gentlemen that are

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going to make recommendations for Congress, and Congress is going

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to show some fortitude and body parts and try to

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begin to rein in that budget. And there are some

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budget hawks out there, and we've got to get our

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acted in order. And the last time we had one

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year of balanced budget was when Bill Clinton was president,

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and that's his third year, and I.

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Speaker 3: Was with fake.

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Speaker 4: That was fake because they were spending the Social Security

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surplus and you know, that's just the eating the seed

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corn basically.

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Speaker 1: So we got to stop that. Well, get our financial

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fiscal house and order. Now, if that happens, Carrie, and

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we're actually able to make some steps in the right direction,

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there's going to be a great reaction in the marketplace.

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So that's the fiscal side of it. We've already had

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two interest rate decreases in the last two quarters. We're

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not going to get another one before the summer. Will

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depend on how the economy goes, So it's not going

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to be that the US treasuries went up. That's goofy.

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They shouldn't go up, but they'll come back down, probably

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by the end of the first quarter. So now the

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fiscal side is kind of okay for the moment. What

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you've got to have here is a lower cost of

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product out there. And so what Trump did in his

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first administration forgetting tariffs and all that is he was

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able to drive drilling prices down for oil by really

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pushing the heck out of domestic production. So if you

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think I should invest in the oil industry, they really

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had a crappy period. Those are not good investments because

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you know, when oil goes to one hundred and twenty

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dollars a barrel, the chevrons and the shells make a

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lot of money. When it goes to thirty five dollars

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a barrel and a one day action went to zero.

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When it goes down that way, they don't make much money.

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Speaker 3: One negative. So I have an idea for cutting costs.

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Speaker 1: It would make money in that industry would be transportation

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of oil because that would go up. And that's Warren

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Buffett's dream because he controls the oil out of North Dakota.

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He would love for more oil to come out of

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North Dakota, no matter what he tells you on the

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other side.

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Speaker 4: Yeah, well, we might just get the pipeline put through

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this time and actually built, which would break Buffett's monopoly.

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But I have a way to cut government costs, get

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rid of like a large portion of the workforce. The

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next time, you know, when there's a snowstorm in DC,

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they always say only essential workers.

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Speaker 3: Have to come in. Everybody else can stay home.

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Speaker 4: The next time they do that and the essential workers

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show up, they should just fire everybody who stayed home,

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and then we'd only have essential workers. Which like, if

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you run a business, how many non essential workers.

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Speaker 3: Do you have in your company? Elliott?

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Speaker 1: But I know, you know, the government is working on

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about seven percent. The buildings are about seven percent occupy. Wow,

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and half of that is custodial staff. So it's really

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two to three percent.

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Speaker 3: That's all cleaning up.

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Speaker 1: Works with feral government. I tell you that carry my

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sign full disclosure. Works for the US government. It fed

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a reserve. Uh. And he said, and they've never not

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been all back at work.

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Speaker 3: Yeah, well maybe that's a good thing, because there is.

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Speaker 1: Your best.

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Speaker 3: Yeah.

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Speaker 4: Well, I'm being facetious, but not really, because you know,

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we got this. It's a cost cutter is dream assuming

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it can happen, and I think that forget about the

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players involved. I feel like we've reached a tipping point.

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We saw it with Reagan where he was going to

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reinvent government and get rid of all the dead weight,

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and that kind of failed. He cut taxes, but he

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never was able to cut spending. This, I feel like

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we're at an inflection point where it really will get done.

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Because Trump doesn't have to care about reelection. He can

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exercise his impoundment authority, which the Supreme Court during Nixon

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said he didn't have any. But traditionally throughout history, the

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president didn't have to spend money that Congress allocated.

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Speaker 3: It's going to be a big fight, but I.

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Speaker 4: Don't believe that any congressman will ever voluntarily cut spending

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unless he's really cares about the future of the company,

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the country and not his reelection.

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Speaker 1: You're probably more right than wrong. I can't disagree with you.

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Speaker 4: I mean, nobody gets credit for not spending money.

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Speaker 3: You only get credit for.

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Speaker 4: That new firehouse, the Interstate highway, especially in Florida that

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gets widened, and you know, you only get credit for

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projects you don't get credit for saving money and keeping

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the government solvent. But maybe we've hit the point where

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that's going to change.

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Speaker 1: So let's put a couple out there, a couple more

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gorillas out there that could really rain on everybody's parade.

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And that is the macro political world, and that is

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Iran and China and maybe Ukraine and Russia. Is that

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expands a little bit. So if you've got Iran in there,

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you've got they're exporting oil to China for below market.

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If Israel decides to put an end to that and

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says we're going to take out their facilities once and

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for all because they're funding terrorism, then you could have

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Iran respond and saying, then we're going to blow up

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the port on Saudi Arabia and that will disrupt the

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oil and then oil will not be thirty five dollars

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a barrel in the future, it will be one hundred

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and fifty dollars a barrel. So that would change everything.

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And number two is China. China is a wildcard and

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it wants to be the world power, the not one

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of the world powers, but the only world power and

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political power. And that is we're at war with China.

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But lots of people don't want to recognize that right now,

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much like we were at war with Japan and in

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the late twenties and thirties, but we didn't recognize that.

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And so those things could really rain on the parade

247
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for all Americans because we actually go to war with

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China or some proxy war with China and Russia, which

249
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Ukraine is a proxy war with Russia for the United

250
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States right now, then you're going to have the whole

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conversation about how much money is the Pentagon sucking up?

252
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And how do we restock and rebuild the American Armed Services?

253
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People add product here that will drive the economy up, Well,

254
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that'll drive that Money's gonna have to come from somewhere.

255
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Speaker 4: Yeah, Well, those are the unknown unknowns as they call them.

256
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We got an of known unknowns to keep us busy

257
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for a while. So the question, Elliott is, how do

258
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you like, how do you plan for a retirement? How

259
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do you what do you invest in in this crazy world?

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Do you just go for defense stocks? But he's going

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to cut back on the military industrial complex supposedly. I

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mean I'm at a bit of a loss.

263
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Speaker 1: That's a good question. Where do you where do you

264
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put your money. So if we if we take the

265
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spectrum of aggressive and passive, let's start with the passive person.

266
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We've had a couple of really bad years in a

267
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bond market. I think this will be a really good

268
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bullish year after the first quarter. I think the first

269
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quarter continues to be a little bit of pain in

270
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a corporate bond short and mid term market. Don't buy

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anything long term, don't buy anything over five six years.

272
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But I think, but if second quarter, I'd be buying there.

273
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If I'm a conservative person, conservative investor, if I want

274
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to be more aggressive, all right, I still like technology.

275
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I get it, it's overvalued, it's still you cannot walk

276
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away from the luster and the glitter of US technology.

277
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You can't. I would not be buying healthcare at oil

278
00:15:07,519 --> 00:15:09,559
right now. I think there's going to be pressure on

279
00:15:09,639 --> 00:15:12,919
pricing in the healthcare market. I think the US defense

280
00:15:12,960 --> 00:15:16,360
industry is a good place to earn above average returns,

281
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not like technology is done, not like Nvidia up two

282
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percent there, I think the US defense is a good

283
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place to do it. I think oil move bits of oil,

284
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so downstream but not upstream type of things. That's what

285
00:15:31,080 --> 00:15:34,039
the wonky people talking about all the time, so moving

286
00:15:34,120 --> 00:15:37,279
the oil I like a lot. I think the plastics

287
00:15:37,320 --> 00:15:40,000
industry is a pretty decent place to go because they're

288
00:15:40,000 --> 00:15:42,600
going to readact to oil coming down in price. That's

289
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their and gas. Those are their top products in there

290
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at that point. And I would stay away from the

291
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electric car industry completely because I think it's it's not

292
00:15:53,840 --> 00:15:56,600
going to be thriving at all for a while, or

293
00:15:56,720 --> 00:15:59,360
green energy up there. So there aren't a lot of

294
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places you can but I do like some. I still

295
00:16:01,480 --> 00:16:04,559
continue to like some technology which has done really well

296
00:16:05,360 --> 00:16:08,360
and they will build some ship plants and semiconductors have

297
00:16:08,480 --> 00:16:12,200
underperformed for some time. Right now, I don't think they're outperformed.

298
00:16:12,200 --> 00:16:15,159
But let's look at the market's do a pretty steady

299
00:16:15,159 --> 00:16:18,919
climb there, Kerrie, Yeah, for a while, we've had twenty

300
00:16:18,919 --> 00:16:21,240
percent back to back years in the SFP five hundred.

301
00:16:21,519 --> 00:16:23,679
I don't think that's going to happen this year. I

302
00:16:23,679 --> 00:16:26,200
think we finished the year higher than where we started it,

303
00:16:26,679 --> 00:16:30,000
and we have two to three ten to twenty percent corrections.

304
00:16:30,279 --> 00:16:35,360
Those are bare market corrections this year. This year, that's

305
00:16:35,399 --> 00:16:37,799
a lot. That means that you're going to see some

306
00:16:37,879 --> 00:16:42,600
sharp v's down and some sharp v's up in the

307
00:16:42,639 --> 00:16:47,039
stock market this year, so super cautious. I would not

308
00:16:47,200 --> 00:16:49,480
be selling it all when they go down, but we

309
00:16:49,600 --> 00:16:52,159
keep money on the sidelines to buy when they go down.

310
00:16:52,879 --> 00:16:55,360
When it goes down by more than ten or twelve,

311
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I'd be buying some things that I think are going

312
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to go up, and then when it goes if it

313
00:16:59,320 --> 00:17:02,320
goes up by fifteen in a quick v and maybe

314
00:17:02,320 --> 00:17:05,319
take some profits. It would be much more thinking short

315
00:17:05,400 --> 00:17:05,960
term this year.

316
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Speaker 4: Okay, what about precious metals, crypto's real estate.

317
00:17:12,279 --> 00:17:16,319
Speaker 1: So let's do it in inverse order. Start with real estate.

318
00:17:17,160 --> 00:17:21,319
There is an office building cold going on right now.

319
00:17:22,000 --> 00:17:25,680
If that just because remains cold, that as interest rates

320
00:17:25,680 --> 00:17:29,079
come down, mortgages are still at a historic height, we

321
00:17:29,200 --> 00:17:31,920
see a stoic then real estate will begin to bounce back.

322
00:17:32,599 --> 00:17:35,599
It does not really bounce back. If it doesn't bounce

323
00:17:35,680 --> 00:17:40,720
back and the office mark turns into a flu instead

324
00:17:40,759 --> 00:17:43,200
of a cold, then there will be some type of

325
00:17:43,319 --> 00:17:47,319
pushback and correction in that. But let me also say

326
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that for builders right now, right in the western third

327
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of the country, starting in about June, you will not

328
00:17:54,880 --> 00:17:57,759
be able to find a worker to help you build

329
00:17:57,839 --> 00:18:01,359
anything because they will all be in southern California, paid

330
00:18:01,440 --> 00:18:04,319
above average rates with federal and state money, and they're

331
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gonna flock there like it's a gold rush for the

332
00:18:07,079 --> 00:18:12,920
construction industry. That'll drive up lumber, elastic, furniture. I'll just

333
00:18:13,000 --> 00:18:15,880
drive it right up and'll drive up wages because of

334
00:18:15,920 --> 00:18:18,920
what happens, especially if it's state and federal money. That

335
00:18:18,960 --> 00:18:21,599
will now be the backstop for everything down there. And

336
00:18:21,599 --> 00:18:25,680
that's what they're talking about happening. So that could a

337
00:18:25,720 --> 00:18:28,000
lot of the United States real estate because it will

338
00:18:28,039 --> 00:18:31,519
thrive locally in southern California. Let me go to the

339
00:18:31,599 --> 00:18:37,680
next one. Crypto you mentioned. Crypto is an anomaly. There

340
00:18:37,680 --> 00:18:39,680
are people think it's going to two hundred thousand dollars

341
00:18:39,759 --> 00:18:42,200
for bitcoin, and there are other people that say it's

342
00:18:42,240 --> 00:18:45,160
going to thirty five thousand before it's going to onousand,

343
00:18:45,359 --> 00:18:49,680
two hundred thousand. I like some crypto exposure. I don't

344
00:18:49,680 --> 00:18:52,480
think it's a currency. It'll be interesting what Trump does

345
00:18:52,480 --> 00:18:56,680
with that. I'm waiting for the new Treasury Secretary of

346
00:18:56,680 --> 00:18:59,359
the Treasury come out and say we need a crypto

347
00:18:59,640 --> 00:19:03,720
dollars and not a crypto bitcoin. We need something that's

348
00:19:03,720 --> 00:19:07,000
a backstop here Uh. I think that's a game changer

349
00:19:07,079 --> 00:19:10,680
for the crypto industry if that happens, because that will

350
00:19:10,720 --> 00:19:14,880
move demand from the bitcoins of the world and move

351
00:19:14,920 --> 00:19:17,279
them back to a crypto dollar, which would be great

352
00:19:17,279 --> 00:19:19,640
for the US government to have a crypto dollar. That

353
00:19:19,720 --> 00:19:22,160
weirdly would be a good thing to do, but it'd

354
00:19:22,160 --> 00:19:24,680
be crappy for bitcoin to do that. If they pick

355
00:19:24,920 --> 00:19:27,119
the winner, if they pick an exchange for to go on,

356
00:19:27,640 --> 00:19:30,359
and they choose ethereum, boy, that's the big winner of

357
00:19:30,359 --> 00:19:32,880
this whole conversation, Ethereum, because it will need to go

358
00:19:32,920 --> 00:19:36,640
on in exchange, and Ethereum is an exchange up. But

359
00:19:36,720 --> 00:19:39,160
they may pick somebody else. So I think that's an

360
00:19:39,200 --> 00:19:42,559
iffy thing. I'm a watch and see guy on crypto

361
00:19:42,640 --> 00:19:45,319
to see what happens with a crypto dollar if somebody

362
00:19:45,319 --> 00:19:48,839
has a conversation about that. So so we turned to out,

363
00:19:48,839 --> 00:19:50,480
really what was the third one?

364
00:19:51,519 --> 00:19:53,000
Speaker 3: Uh, precious metals.

365
00:19:53,960 --> 00:19:58,480
Speaker 1: Okay, So I think if you're gonna here's the downside

366
00:19:58,480 --> 00:20:02,920
of precious metals. Carry Nobody ever sells them. Nobody ever

367
00:20:02,960 --> 00:20:06,039
sells them. They buy them, don't sell them, they keep them.

368
00:20:06,319 --> 00:20:11,160
I buy bullion myself. I'll never sell my billion yeah,

369
00:20:11,160 --> 00:20:13,440
I'm going to give it to my children and they

370
00:20:13,480 --> 00:20:15,880
can give it to their grandchildren. But I buy bullion

371
00:20:16,960 --> 00:20:19,680
on a regular basis just so I have something to

372
00:20:19,680 --> 00:20:22,680
give to my kids outside the estate. But I'll never

373
00:20:22,720 --> 00:20:23,039
sell it.

374
00:20:24,000 --> 00:20:27,440
Speaker 3: This is that is so true? All right?

375
00:20:27,960 --> 00:20:31,640
Speaker 4: So does that mean it's not going up or it's

376
00:20:31,839 --> 00:20:33,480
only going to go up? But what does it mean

377
00:20:33,559 --> 00:20:35,720
that people doesn't unless.

378
00:20:35,400 --> 00:20:40,480
Speaker 1: A bomb goes off in Taiwan or Saudi Arabia, be

379
00:20:40,599 --> 00:20:46,160
excited about buying precious metals today. Now, that doesn't mean

380
00:20:46,160 --> 00:20:49,759
I wouldn't be buying industrial metals like copper and palladium

381
00:20:49,759 --> 00:20:53,279
and so forth. As coppers four dollars a pound. That's

382
00:20:53,359 --> 00:20:56,839
ridiculously low. Especially with what's going to happen in southern California.

383
00:20:57,359 --> 00:20:58,880
I think lumber is going to go through the roof.

384
00:20:58,880 --> 00:21:03,599
There's a commodity, so lumber and copper I like in

385
00:21:03,640 --> 00:21:07,799
the metals business and the industrial metals business. Lithium, I

386
00:21:07,880 --> 00:21:10,799
tell you a lot of people like lithium because the batteries.

387
00:21:10,880 --> 00:21:13,759
I think that there's a new technology coming that could

388
00:21:14,119 --> 00:21:15,839
get rid of lithium that would actually be a good

389
00:21:15,839 --> 00:21:18,759
thing for mankind. Say, the amagnia of Lithium is one

390
00:21:18,759 --> 00:21:21,720
of the dirtiest things on Earth, and China controls it.

391
00:21:22,400 --> 00:21:25,359
To have a battery that replaces lithium would be amazing.

392
00:21:26,079 --> 00:21:28,440
Let me give you something that's a wild, out there

393
00:21:28,480 --> 00:21:31,640
guess and if you tell me if it doesn't call true,

394
00:21:32,039 --> 00:21:33,599
you can call me up on this one. I'll give

395
00:21:33,599 --> 00:21:35,400
you my phone number and you can yell me. And

396
00:21:35,440 --> 00:21:37,359
if I hold true, I want you to buy me

397
00:21:37,400 --> 00:21:41,839
a steak dinner at Peter Luger's book club. That is that.

398
00:21:42,160 --> 00:21:45,599
I think in the next three years or so, that

399
00:21:46,240 --> 00:21:50,039
Tesla is sold to a consorium of other car makers

400
00:21:50,039 --> 00:21:53,960
and Vetro capitalists, and Elon Musk is in the battery

401
00:21:54,000 --> 00:21:57,119
business full time and out of the car business.

402
00:21:57,559 --> 00:22:02,039
Speaker 4: I don't agree with you, but who knows, you know, not.

403
00:22:02,039 --> 00:22:03,799
Speaker 1: The well for three years and tell me I from

404
00:22:03,880 --> 00:22:04,279
right or wrong?

405
00:22:04,400 --> 00:22:08,279
Speaker 4: Right? Yeah, there's just no impetus for him to sell.

406
00:22:08,440 --> 00:22:11,519
You know, I don't see it. You think he'll be

407
00:22:11,720 --> 00:22:14,799
like Andrew Carnegie. Basically, I think he's.

408
00:22:14,680 --> 00:22:16,039
Speaker 1: Bored to death with in Tesla.

409
00:22:16,480 --> 00:22:19,559
Speaker 4: Yeah, well, he's too busy thinking about Mars or what.

410
00:22:20,359 --> 00:22:22,279
Speaker 1: I think he's a He's a very like a lot

411
00:22:22,319 --> 00:22:25,799
of entrepreneurs who that although he's brilliant, I'm not going

412
00:22:25,880 --> 00:22:27,960
to take anything away with you. Love him or hate him,

413
00:22:27,960 --> 00:22:30,839
that doesn't matter. He's brilliant and he loves the shiny

414
00:22:30,880 --> 00:22:32,079
new toy in the driveway.

415
00:22:32,559 --> 00:22:32,920
Speaker 3: M hm.

416
00:22:33,440 --> 00:22:35,920
Speaker 1: And and Tesla is no longer the shiny new toy.

417
00:22:36,400 --> 00:22:36,599
Speaker 3: Huh.

418
00:22:37,400 --> 00:22:41,400
Speaker 4: That's interesting. I never heard anybody say that one, So

419
00:22:42,960 --> 00:22:46,400
I don't know, like you might be right. I'd never

420
00:22:46,599 --> 00:22:52,680
say anybody's wrong, because you know, the graveyards are full

421
00:22:52,720 --> 00:22:56,480
of people who who always knew they were right. But

422
00:22:57,839 --> 00:23:03,160
you know, on the other hand, it's just the full

423
00:23:03,240 --> 00:23:04,359
self driving thing.

424
00:23:04,759 --> 00:23:05,039
Speaker 3: You know.

425
00:23:05,799 --> 00:23:12,000
Speaker 4: Uh, I got a Tesla and you know, I can

426
00:23:12,039 --> 00:23:14,759
see the light at the end of the tunnel now

427
00:23:15,240 --> 00:23:16,839
and it's pretty amazing.

428
00:23:17,000 --> 00:23:19,960
Speaker 1: You know, car owners love their car. I don't know.

429
00:23:20,000 --> 00:23:21,519
I'm not gonna knock the car. I'm not a fan

430
00:23:21,559 --> 00:23:25,720
of the pickup truck at all. Love their car. I

431
00:23:25,759 --> 00:23:30,079
think that we'll go self driving. That's inevitable. Self driving trucks,

432
00:23:30,440 --> 00:23:34,039
that's inevitable. Three million truck drivers are going to potentially

433
00:23:34,119 --> 00:23:37,000
lose their jobs or be at risk of jobs. That's

434
00:23:37,039 --> 00:23:39,960
a big thing. Nobodys gonna like that. And that's a union,

435
00:23:40,480 --> 00:23:42,640
big union there, So nobody's gonna like that at all.

436
00:23:43,480 --> 00:23:46,880
But I think that you're going to see some a

437
00:23:47,000 --> 00:23:52,000
consortium come together of Nissan and the Chinese and and

438
00:23:52,359 --> 00:23:55,599
maybe the Swedes and an American car company and say

439
00:23:56,319 --> 00:23:58,160
let's take Tesla out.

440
00:24:00,839 --> 00:24:01,839
Speaker 3: Where you're coming from.

441
00:24:02,200 --> 00:24:05,319
Speaker 4: I just I just will agree to disagree with you

442
00:24:05,400 --> 00:24:08,640
on that one, because he's going to own the world here,

443
00:24:08,839 --> 00:24:13,960
you know, once that's self driving. It's like when I

444
00:24:14,000 --> 00:24:17,839
first started doing it three years ago, I said, oh, well,

445
00:24:18,279 --> 00:24:23,200
we're five to ten years away, you know, But every

446
00:24:23,400 --> 00:24:26,799
time they come out with a new version, it's closer

447
00:24:26,839 --> 00:24:28,640
and closer. And I'm at the point where I said,

448
00:24:28,920 --> 00:24:32,079
you know, this thing could be six months away.

449
00:24:32,440 --> 00:24:33,559
Speaker 3: It's very possible.

450
00:24:33,960 --> 00:24:36,359
Speaker 1: It's all possible, and you're right, and I don't know.

451
00:24:36,400 --> 00:24:38,519
But you know, this is one of those far up

452
00:24:38,799 --> 00:24:43,160
progniership prognostications where maybe it works and maybe doesn't. And

453
00:24:43,240 --> 00:24:44,880
if I'm wrong, I'm okay with being wrong. And if

454
00:24:44,920 --> 00:24:47,599
I'm right, I get a couple like, how'd you think

455
00:24:47,599 --> 00:24:49,000
about that? What was your criteria?

456
00:24:49,079 --> 00:24:51,720
Speaker 3: So we'll see it goes all right?

457
00:24:51,839 --> 00:24:54,240
Speaker 4: Well, hey, I think we covered a lot of ground here.

458
00:24:54,680 --> 00:24:58,240
Just tell us how do we find you on the web. Elliott,

459
00:24:58,279 --> 00:25:01,920
how do we connect with you? And you know where's

460
00:25:02,359 --> 00:25:03,359
ways carry?

461
00:25:03,359 --> 00:25:05,559
Speaker 1: You've got a great show here. It's Elliott E. L.

462
00:25:05,720 --> 00:25:11,119
L IoT at Prosperity Financialgroup dot com. The website is

463
00:25:11,160 --> 00:25:14,880
Prosperity Financialgroup dot com and my phone number at my

464
00:25:14,960 --> 00:25:18,240
desk my direct line is nine U five three one

465
00:25:18,319 --> 00:25:21,720
four eight five zero three or on West coast time

466
00:25:21,720 --> 00:25:24,279
you're on East coast time. We talk to people. We

467
00:25:24,319 --> 00:25:26,519
have clients at about forty of the fifty states, a

468
00:25:26,599 --> 00:25:28,799
couple of countries. We'd love to have a conversation.

469
00:25:29,000 --> 00:25:31,319
Speaker 4: All right, Hey, links in the show notes to this

470
00:25:31,440 --> 00:25:35,200
interview on Financial Survival Network dot com. When you go there,

471
00:25:35,240 --> 00:25:37,680
we just ask that you sign up for your free newsletter,

472
00:25:38,039 --> 00:25:40,599
like over sixty five thousand of you out there have.

473
00:25:41,240 --> 00:25:43,480
And if you have any questions for Elliott or myself,

474
00:25:43,680 --> 00:25:47,759
shoot me an email kl at Carrie Lets dot com. Elliot,

475
00:25:47,759 --> 00:25:50,160
We're going to be watching TESLA very closely. Thanks for

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