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Speaker 1: You are listening to Carrie Let's's Financial Survival Network, where

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

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Survival Network now.

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Speaker 2: More than ever.

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Speaker 1: 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 3: And welcome you are listening to and watching the Financial

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Survival Network. I'm your host, Carrie Let's. Michael Pento is

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with us now pentoport dot com. Michael, you've had you

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pretty much have called the rally in gold, the markets, bonds,

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You've been nailing it for years. Now where are we

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right now in this crazy cycle? We saw gold silver

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prices take off, now they're pulling back. Is the bull

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market in gold and silver over? And what about the

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stock bull market?

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Speaker 4: We're certainly thanks for having me on carry well. We're

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certainly we're certainly in a pause that freshes right now.

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For the precious market to say that, for me to

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say the precious metals bull market, the primary bill market

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is over, the secular bull market is over, I would

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have to see some kind of complete redemption on the

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part of the US administration and the government, the powers

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would be listen. This is what I mean when I

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say that, let's just go back a little brief walk

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in memory lane. So I remember when I was a kid,

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a young man, getting into this business in the early nineties,

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and I had a conversation. I was speaking with the

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Federal Reserve officials of the time at great length, and

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I remember Richard Fisher was not wide and speaks directly

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to Richard Fisher and his colleagues were saying that the

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US would never suffer through any period of inflation problem

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at all because we would never monetize government debt, would

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never happen. And you know you here's a quote from him.

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The hyper inflation comes from when the government monetizes trillions

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of dollars in debt. And that will never happen here

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in the United States. It's just an it's anathema, unfathomable.

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It will never occur. So, so just so we go,

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there be part of history here. You remember, right before

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the Great Recession occurred, the balance sheet of the Fellow

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Reserve was around eight hundred billion dollars. Because of this

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financial crisis, Brank you took the balance sheet to around

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two trillion dollars. But remember he said it would temporarily.

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So what happens is to be specific, central bank prints

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a bunch of money, buys bank's bad assets at the time,

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which your mortgage backed securities, and then we'll take some

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treasuries on on board too. Balance sheet goes from eight

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hundred billion to a little bit over two trillion, and

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that was supposed to be temporary. So the recession ended

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in March of two thousand and nine. Carrie, did we

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go back to eight hundred million dollars in a ballon sheet?

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Speaker 2: No, No, that didn't happen.

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Speaker 4: We went to we went By the time mister Powell

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took office, we were at four and a half trillion

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dollars the ballance sheet, and because of the pandemic, it

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went to nine trillion. And did we go back to

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four and a half trillion, No, we went to six

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and a half trillion down. And guess what's happening now?

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This maniac money printer is printing about twenty billion dollars

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a freaking week, and balance sheets now rising back to

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six point seven trillion dollars, and that's on his way

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to seven trillion, back to seven trillion dollars. So I

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agree with one thousand percent with President Trump that your

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own power should be fired, but not because he's not

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lowering innswoer strates. Because he's he's the biggest I don't

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want to use the word counterfeiter. I was trying not

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to do that anymore. He's the biggest money printer that

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America has ever suffered through it. So you asked so to.

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So here's the problem, and I'll let you, And I

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just want to say this, There isn't going to be

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any end to the inexorable rise of the Fed's balance

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sheet because America's debt problem hasn't been solved. It's getting

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much worse two trillion dollar deficits. In peace time deficits

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usually go up by two hundred to three hundred percent.

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So we're looking at four to six trillion in the

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next recession. And who the heck's gonna buy it? You

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think China and Japan are going to step up and

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buy our debt? Now? Is Russia gonna buy our debt? No,

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it's all on us. And it's not on us because

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we're not paying four percent on a ten year note

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when inflation is at back at nine percent. Because that's

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where it's going, and it's going much higher. So their

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answer is the Federal Reserve is gonna buy it. We're

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gonna con continue monetizing our problems away, and gold and

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silver and platinum are going much higher. Now they're taking

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a pause that refreshes. We're not we're not in the

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middle of a recession. Even though eighty percent of the

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nation is in a recession, the twenty percent are keeping

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is going So it's a pause, a consolidation, a pause

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that refreshes. But they're going much higher in the future.

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I'm going to try to time that the next phase

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of the bull market should be happening soon.

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Speaker 3: So inflation is going to be good for stocks.

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Speaker 4: Uh well, why more Germany. You know, if you shorted

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the wy More German stocks market, you will lost a

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lot of money. So in nominal terms they might go

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a little higher. In real terms, you're gonna you know,

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you'll you'll be you'll be bankrupt. I mean so sort

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of like social Security. Carry people laugh and they say, well,

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you know social Security is back by the full faith

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in credit the US government blah blah blah. I said,

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you're gonna and I agree with you. You are going to

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get your one hundred percent guarantee. You're one hundred percent

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premium on your your sipepend on your and your Social

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Security check. Absolutely, ask me what it'll buy you.

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Speaker 2: That's a good question. Will it buy the oh much?

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Speaker 4: Not much? But they fulfill their obligation. They fulfilled on

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their obligations. But they monetize the crap out of the

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US Treasury and they own they they own all the

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bank badasses of banks and the dollar crash, and they've

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they've destroyed the purchasing power of the middle class. However,

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here's your check. Go buy a sticky gum.

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Speaker 3: I'm glad I'm getting mine now. You know, I switched.

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I switched to full retirement. Even the seventy I was

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going to get more money, because I just said, you know,

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it's a purchasing power or rush for the doors, and

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I'm better off with the purchasing power or whatever it

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is now, even for lesser money than I will be

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later with more money.

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Speaker 4: Yeah, yep. You know. I had some childhood friends stay

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at my house recently, and my my friend's son is

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four years old, works for the government. He's a very

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very very good man. H looking to buy a house.

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And you know what he told He makes a pretty

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good salary working for the government, a nice income, and

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they have a great retirement program. Can't afford to buy

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a house? Carry can't afford it? And why is that?

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Do you think it happened by osmosis? And the answer

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is the home price to income ratio is higher today

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than it's ever been before, even higher than it was

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in the in the housing bubble. And why did that happen? Well,

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we just talked about it. The federal reserve is monetizing

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every single problem away. We have to get a grip

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on the federal reserve. We have to stop their manipulation

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of interest rates. We have to stop their ever inexorable

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expanding of their balance sheet. And Kevin Worse, by the way,

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is a good you know, I'm so. I'm a fan

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of his. If he lives up to his billing, he's

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going maybe lower interest rates on the margin. He's correct,

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He's very correct in his assertion that inflation doesn't come

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from growth or prosperity.

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Speaker 3: I love it.

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Speaker 4: He's correct. Yeah, you know great. You know, if you

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look at every single single iteration of inflation problems in

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this country, it was it was coinciding with high unemployment rates,

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not low unemployment rates, high unemployment rates. So when you

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tell people they can't they can't produce things, but you

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give them a check in the mail like we did

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in post COVID, you get your inflation and that's exactly

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where that's exactly where inflation comes from. So I think

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we're going to be doing that again. But if worsh

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lives up to his billing, he's going to shrink the

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balance sheet and only tinker interest rates on the margin.

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That could be That could be the opportunity where Main

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Street finally gets to prosper and woll Street finally has

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some come upance here because if you look at the

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total market value of equities as a percentage of of GDP,

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it's two hundred and thirty percent carry. That is unprecedented

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and untenable.

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Speaker 2: Emerald.

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Speaker 4: In other words, it won't last freaking very long. We're

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gonna have that ratio come back more into been too

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historical a pattern where it's more like eighty to ninety

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percent of GDP, which means the stock market has to

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crash by over fifty percent or GDPs to double. You know,

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But and stock market says where it is. Uh that

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that means that will be the first time in history

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that in an acid bubble and this extent popped innocuously.

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It's not going to happen, got it?

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Speaker 2: So what about gold and silver?

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Speaker 3: We saw silver hit one hundred and twenty gold, you know,

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fifty six hundred I think.

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Speaker 2: Was the high.

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Speaker 3: Now they've pulled back somewhat. I mean, silver has totally

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been slammed, but we the fact is we have what

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will become an acute silver shortage for industry, and if

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there's any up upward pressure on investment demand where the

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metals are.

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Speaker 4: Well, as I said already, they're going much higher in

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the long term. They're in this secular, this cyclical period

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of decline in collins consolidation. I would like to see,

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specifically with gold, I would like to see the economy.

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I'd like to see it. I would need to see

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the economy roll over sharply and short term interest rates

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plunge before I will get even longer than I am

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with gold in the short term. But we're not here.

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We're not there right now. We're just consolidating around five

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thousand dollars an ounce. So I have no problem with that.

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You know, I'm an active manager. Sometimes I have overweighted gold, silver,

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and platinum, like I was all through twenty five, and

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there are times like this when I'm a little bit

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lighter on it because I'm an active manager. I just

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don't right now, I don't see the reason to rush

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into overexposure into these medals. I'll be up picking them

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up on cell offs and pullbacks. And one of those

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pullbacks occur, as I correctly assumed it wouldccur when worsh

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was UH nominated for Kevin wors was nominated for fed Share.

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I mean he lives. If he lives up to the building,

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he's really going to hurt UH Precious Metals, and he's

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really going to hurt Wall Street. He's going to hurt

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these these AI stocks which are which are yeah, billions

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of Kerry, hundreds of billions of dollars. This reminds me

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exactly what happened in ninety nine dot Com. Lots of leverage,

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lots of debt, over investment. Productivity isn't there right away,

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and then when they see it's not there, they stop investing,

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and these these companies that benefit from the investment collapse,

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and you have a stock market that goes down eighty

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percent in in you know, eighty three percent on the

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NASDAK in a couple of years. That's that's what we're

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setting up for. And I and carry love him on,

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the proud American, love this country, love to be loved

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the middle class. I think that's if it will be

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a healthic and cathartic reset and rebalancing away from these

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misallocations of capital. I mean, you know, the average person

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should own four homes kerry, you know, rent them out. Hey,

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what do you do for a living? I own real estate,

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you know, you know I'm flipping homes. Flipping houses. That's

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not a job. I mean, if you if you if

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you could buy a house that's decrepit and you have

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some skills, you know, if you're GC or if you're

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really good, yeah, entree, you could. You can fix it

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up and maybe hold on to it for a while

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and then rent it out or flip it. That that

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makes sense. But just to own real estate and do

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nothing to it and think you're gonna get wealthy is ridiculous.

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You've got taxes, insurance, maintenance costs, rent, rent, the problems.

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I mean, why would you, why would anybody do that.

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But they did that because they could borrow money at

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three percent. At three percent mortgage and home prices were

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going up twenty percent. That's a pretty good trade, right,

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And I know so many This is why you had

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twenty five percent of all home purchases post COVID were

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done by investors. That's not good for this country. That's

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why I talk about rebalancing things.

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Speaker 3: Well, Trump's trying to put an end to that by

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banning institutional.

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Speaker 2: You know, Blackrock type.

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Speaker 3: Hoovering up to single family homes. I don't think that

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you can really do it legally, but he seems.

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Speaker 4: Like carry carry you know. That's the things I'm ambivalence about.

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You know, I support so much about what he does.

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I don't agree with everything, but this is one of

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those things like closing the border. What a wonderful What

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an essential existential move that he made to save this country.

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And then and then also, hey, listen, home ownership should

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be first and foremo something that the middle class should

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be able to afford, time home buyer should afford. Why

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does Blackstone why why does Blackstone able to you know,

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hoover up you know, thousands of and investors thousands, thousands,

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of the single family homes because because of what the

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Fed did.

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Speaker 2: Yeah, who's Ray?

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Speaker 4: Who is Raimy in the Federal Reserve? You want to

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you want to disagree with something about Trump again, You

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want to not like the man. Why is he pushing

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Jerome Powell to lower interest rates? Why is he looking

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for someone to cut interest rates. We don't need interest

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rates to be manipulated. We need interest rates to be

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a function of Guess what. In America, it's called the

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free market.

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Speaker 2: Supply and demand of.

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Speaker 4: Savings versus demand for money. And you keep the money

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supply m zero on the monetary base, physical currency and

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fed credit. You you fetter that growth rate to two percent

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per annum and guess what, you have Nirvana. And when

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banks go bankrupt, that that's it. They overextend themselves. They

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don't have liquidity. Bye bye. It's called it's called creative destruction.

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Where where were we are so far away from the

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founding principles of this nation? Where Article one sections had

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money should be silver and gold. That is money. Money

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is not shit coin, and it is not printing fed

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credit trillions of dollars of FED credit to shove it

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into the banking system, to rescue banks for no reason.

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Why are we why are we right now expanding the

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base money supply? Oh, we might have a problem with

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the repel market. Oh my gosh, what about main street?

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What about the middle class?

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Speaker 2: Carry? Yeah? What about it? As an afterthought.

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Speaker 3: Even though they would keep the cut tree running. But yeah,

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so the AI stocks you see are just to dot

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com two point oh or three point zero? Yeah, cloud stocks.

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But now it's this AI gold rush. But AI really

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is having an effect on things, isn't it.

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Speaker 4: Well, you know, the Internet was having an effect on

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things in two thousand and two. It wasn't a useless technology,

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and neither is AI. It's very beneficial. But is the

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productivity gains evident? Have they become manifest already that you

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should be spending hundreds and hundreds of billions of dollars

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on on on leverage to build out these massive, you know,

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data centers. I listen it just I've lived through the

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late nineties. It's very reminiscent thereof So it's it's a risk.

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I can't guarantee it. I don't. I'm not. I'm not

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one hundred percent positive, but you you darn well better

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be with a with a manager who's looking at you know,

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the financial conditions and credit spreads to understand when AI

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becomes when and if AI investment becomes a problem, or

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when repel becomes a problem and the long end of

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the bond market becomes a problem becomes a problem. For

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most people, would be a great I think it'd be

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wonderful for me because I'll just you know, run, I'll

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run into cash and I'll short the market. But for

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those people who are just get you know, they get whiny.

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I only may ten percent this year. You know, the

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market is down on the year. By the way, you

305
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might want to send a memo to Pam BONDI the

306
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market and the Dow is below fifty thousand, the SMPS

307
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down is negative on the year, and people get very

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antsy when they don't make their twenty percent return?

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Speaker 2: Does it?

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Speaker 4: You know, it's all about own. This is like a

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Gordon get go, don't I don't do anything, I don't work.

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I own. Well, you know it's nice if you have,

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Like you said so succinctly. Middle class is the is

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they They're the ones who actually make things and produce

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things and work in this country. They're not well, they're

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not they're not funneling, you know, siphoning money off the government,

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and they're not sitting there counting their interest income every

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every month. We need, we need a viable, healthy middle

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class for a viable and healthy country.

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Speaker 3: And you know that that's the rent seekers, right, that's

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extractive industries. I mean, we've read the articles. I'm actually

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releasing a book shortly about what seems to be a

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minor extracted industry. But when you've gotten a parking ticket

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for no reason because the signs are confusing, all of

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a sudden, it becomes a major pain.

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Speaker 2: Uh.

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Speaker 3: But you know, we're into the extracted industries, and there's

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no greater extractive industry Michael than the government.

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Speaker 4: Right. Well, you mad a great point. I'm looking forward

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to reading your book. We talked about this in the

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in the in the preamble to the show. You know,

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you imagine like you know, you know, Sally Johnson pulls

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up and she's eighty years old. She pulls up, but

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she wants to see the sunset at the Benita Beach pier.

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And she falls up and she says, you know, I

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don't really have a phone on me right now, and

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if I did, what's a QR.

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Speaker 3: Code, and my hand won't stop shaking long enough for

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me to actually be able to put in.

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Speaker 2: The code in the phone.

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Speaker 3: So it's aba non compliant, and it's a host of

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other problems due process. I've outlined it in the book.

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It'll be dropping next week along with a federal lawsuit

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against five municipalities in Florida, including Palm Beach, the Town

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of Palm Beach, the City of Riviera Beach, Boca Raton,

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Delray Beach, and Fort Lauderdale. You'll be reading about it.

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It's going to be a lot of fun. I mean,

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this is what lawyers do in their retirement. Michael of

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America's top recovering at turning here.

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Speaker 4: I'm not all that familiar with the east coast of Florida,

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but Riviera Beach that's a you know, a population that

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needs help, right.

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Speaker 2: Yeah.

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Speaker 3: Well, there's the wealthy area which called Singer Island. That's

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where they implemented this totally maronic parking regime with signs

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and I mean, you can't even believe it. And then

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there's the rest of rivi er Beach, which is undergoing

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urban renewal, so they will basically throw out most of

359
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the poor people in the prime areas, and they've already

360
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done it. It's already happening. So yeah, well you know

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how America works, right, I mean, this is what this

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is what happens. So but this fascinating thing of Hey,

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when we talk next year this time in February, you

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think gold and silver prices will be higher than they

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are now.

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Speaker 4: Like I said, I picking dates and prices is you know,

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fool's error. But I can tell you this, once the

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US waxes into the next recession, which by the way,

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they haven't repealed the business cycle. Yeah they think they have,

370
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but they have not. They just they just postponed it

371
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and exacerbated the business cycle. So yeah, it's going to happen.

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It's going to happen sooner rather than later. And gold

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is going to go rip ripping higher precisely because of

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what I said. I mean, there's just no other person,

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no other entity on the planet that has any interest

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in owning US Treasury debt other than the Federal Reserve,

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especially a four percent Now, if the inflation goes back

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to nine percent and treasuries are offering ten you'll get

379
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some buyers. But what will real estate in the stock

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market be at that moment in time. Think about that.

381
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So gold is going to be a you know, goal

382
00:21:57,119 --> 00:22:01,000
is just beginning. And plus we have sanctions and confiscations.

383
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The world is moving away from storing their excess reserves

384
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and their trade surpluses and dollars don't want it anymore.

385
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So buy some gold and hold it. That's that's that's

386
00:22:17,880 --> 00:22:21,680
my My advice has always been to own five percent

387
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physical gold in your possession or at a place that

388
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you can get it without a third party interfering with you.

389
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And that's your starting point. If you're not there, then

390
00:22:32,480 --> 00:22:35,480
you listen. I've been saying this since gold was, you know,

391
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eight hundred dollars an ounce, so.

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Speaker 3: Yes, and now it's five thousand, so.

393
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Speaker 4: Yeah, you might have been opportunity. So but if you

394
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had the five percent, you're happy you did. And then

395
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I toggled the investment. I call it liquid paper gold

396
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because I want I want to invest in gold the

397
00:22:51,799 --> 00:22:54,559
price going up, but I also want to be able

398
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to exit it quickly if I had to. And that's

399
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toggled between zero and twenty percent, So I'll be heading

400
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to more towards the twenty percent. Once they're the whites

401
00:23:06,160 --> 00:23:08,640
of the eyes of recession. It's not just not here yet,

402
00:23:08,680 --> 00:23:09,279
but it's coming.

403
00:23:10,319 --> 00:23:14,000
Speaker 3: Yeah, it's a little bit late this part of the cycle,

404
00:23:14,079 --> 00:23:17,960
but you know there's definitely stress fractures. What do you

405
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think the biggest indicators are that a recession?

406
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Speaker 4: You know, I think this whole private equity you know,

407
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it's funny because Wall Street actually they actually you know,

408
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it was a technical technological advance where instead of just

409
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investing in a company and not knowing what the value is, well,

410
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how about if there was an exchange where we can

411
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have constant transparency in pricing and constant liquidity. Well that's

412
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what Wall Street did, since like the button would agreement,

413
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you know, and then for some reason only Wall Street

414
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can spin it. Well, that wasn't good anymore. That was antiquated.

415
00:24:00,880 --> 00:24:03,640
Let's let it's much better to have something called private

416
00:24:03,720 --> 00:24:07,839
credit where you can invest in a company and not

417
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be able to get out and not know what it's worth.

418
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That was an advancement, and that's been spun as an advancement.

419
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Well that that that industry didn't exists really around the

420
00:24:18,640 --> 00:24:23,720
global financial crisis. Now it's trillions of dollars. Try to

421
00:24:24,079 --> 00:24:27,000
because Wall Street has to come up with new shiny

422
00:24:27,039 --> 00:24:30,319
objects to attract money, so people can make commissions and

423
00:24:30,359 --> 00:24:34,400
sell people things like mortgage backed securities. Right now, So

424
00:24:34,480 --> 00:24:39,960
that's the that's so so my model, the inflation deflation economics,

425
00:24:40,000 --> 00:24:42,440
like a model, monitors the health of the private credit

426
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and private equity world, which is, by the way, not

427
00:24:45,599 --> 00:24:49,359
that good right now. Okay, it's not exactly thriving. You're

428
00:24:49,359 --> 00:24:53,039
seeing the fissures and cracks already. Well, when that spills

429
00:24:53,079 --> 00:24:55,559
up to a tightening of financial conditions and credit spreads

430
00:24:55,599 --> 00:24:59,920
begin to blow out, CNBS will tell you, well, just

431
00:25:00,079 --> 00:25:03,359
buy and hold. You can't really time the market. That's good.

432
00:25:03,400 --> 00:25:05,480
You keep saying that because that's what people on gon

433
00:25:05,559 --> 00:25:06,200
be selling. Joke.

434
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Speaker 3: In my book, I have a mythical character named Hunter,

435
00:25:13,839 --> 00:25:20,880
and he drives a lime a lime green neon green Lambo,

436
00:25:21,839 --> 00:25:27,680
and he's the securitizer. Basically, what the Hunter does is

437
00:25:27,720 --> 00:25:32,920
he looks for cash flow streams to securitize. And he's

438
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done mortgage backed securities, he's done parking revenue bonds, which.

439
00:25:40,799 --> 00:25:43,319
Speaker 2: We're about to blow up hopefully in this book.

440
00:25:44,000 --> 00:25:49,519
Speaker 3: And finally he's in Rome at the Trevy Fountain and

441
00:25:50,279 --> 00:25:52,599
he's throwing the three coins over his shoulder, and the

442
00:25:52,640 --> 00:26:01,480
first one he's praying for an uninterruptible, immutable, U perfect

443
00:26:02,000 --> 00:26:07,440
cash flow stream to securitize. The next one he's praying

444
00:26:08,119 --> 00:26:13,480
that his Neon Green Lambeau doesn't get repolled. And then

445
00:26:13,559 --> 00:26:17,160
the third coin he throws over his shoulder. He wishes

446
00:26:17,200 --> 00:26:20,640
that all of his wishes come true. And then he's struck.

447
00:26:21,720 --> 00:26:26,599
He can securitize the cash flow from the Trevy fountain

448
00:26:27,200 --> 00:26:34,839
and sell charity anticipation notes cans, and then it dawns

449
00:26:34,839 --> 00:26:38,079
on him he can go to churches Buddhist temples and

450
00:26:38,119 --> 00:26:42,720
securitize all that money flowing in through the collection plates

451
00:26:42,759 --> 00:26:43,920
and the bowls.

452
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Speaker 2: And all that.

453
00:26:45,200 --> 00:26:50,960
Speaker 3: And that's Wall Street Hunter, the securitizer, right, He's a

454
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twenty something.

455
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Speaker 4: Nav securitize private credit loans so that now they go

456
00:26:56,400 --> 00:27:01,200
from being you know, non as parent and non liquids

457
00:27:01,319 --> 00:27:02,759
being liquid. I think, I we just I think we

458
00:27:02,839 --> 00:27:04,319
just came up with some Yeah.

459
00:27:04,359 --> 00:27:09,839
Speaker 3: Well, but also he's looking at kids allowances, uh to

460
00:27:09,880 --> 00:27:14,839
securitize the kid's allowance and have smart contracts for chores,

461
00:27:15,359 --> 00:27:19,559
so as they do their chores, the money is automatically paid.

462
00:27:20,039 --> 00:27:24,440
Make it a fintech play and uh, you know allowances

463
00:27:24,519 --> 00:27:28,000
are very are triple A rated. You know you can

464
00:27:28,039 --> 00:27:29,440
definitely trodge.

465
00:27:29,079 --> 00:27:33,000
Speaker 4: Them securitizing the cash low from the tooth fairy. That

466
00:27:33,039 --> 00:27:34,240
would be really Yeah.

467
00:27:34,400 --> 00:27:40,759
Speaker 3: No, there's a thoughce. Well, hey, we got us thinking

468
00:27:40,799 --> 00:27:42,599
here how we get out of this mess? And we

469
00:27:42,720 --> 00:27:45,759
got to we got to use every tool that's available

470
00:27:45,839 --> 00:27:47,519
to us, Michael, anything we.

471
00:27:47,480 --> 00:27:48,720
Speaker 4: Can do to avoid reality.

472
00:27:48,799 --> 00:27:51,960
Speaker 3: Carry would be Yeah. I've been doing it my whole life,

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and so far it's worked out okay, But after this podcast,

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I'm not so sure anymore. Michael Pentoport dot com. How

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do how do we invest with you? How do we

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work with you?

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Speaker 4: If you're a US citizen and you want and are

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qualified for a long short portfolio, I will directly invest

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your money in the inflation deflation in the economic cycle model,

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00:28:12,400 --> 00:28:15,160
which is based on the second derivative of inflation and growth.

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00:28:16,240 --> 00:28:17,880
If you don't have one hundred thousand dollars and you

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00:28:17,920 --> 00:28:19,839
are at US this and then you can subscribe to

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00:28:19,880 --> 00:28:22,920
my podcast. Was a free week, four or five week

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00:28:23,000 --> 00:28:25,160
free trial that's only fifty dollars a year, and I'll

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00:28:25,160 --> 00:28:29,000
give you my salient thoughts on the economic data and

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00:28:29,319 --> 00:28:33,480
a very high level view of the portfolio.

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00:28:34,200 --> 00:28:36,240
Speaker 2: All right, Hey, thank you so much.

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Speaker 3: Links in the show notes, this interview, questions, comments, kl

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00:28:40,400 --> 00:28:44,319
at Carrie lets dot com and we will talk with

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00:28:44,359 --> 00:28:46,839
you again in a month or two and see how

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00:28:46,880 --> 00:28:47,759
this thing shakes out.

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Speaker 4: Looking forward to with Kerrie.

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Speaker 1: Thanks for listening to Carrie Let's this. Financial Survival Network

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00:28:53,400 --> 00:28:57,319
your solution to today's trying times. For the latest, go

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to Financial Survivalnetwork dot com. Financial Survival Network now more

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than ever,