Playing to Win - 068 - What’s Up With The Economy？？？

00:00:00.000 all right guys what is up welcome to the 68th installment of the plane to win podcast we're

00:00:05.540 going to be uh talking today with my good friend george gammon about uh what's up with the economy

00:00:09.700 and um normally i get guys to do like an elevator pitch because i know that not everybody's totally

00:00:14.940 familiar with you know my guests uh but i think this somebody dropped this in the chat before we

00:00:20.300 got started and this guy nathan said excited for the conversation george whiteboard videos

00:00:24.000 are more informative than any economics class i've taken by a country mile

00:00:28.320 i actually get that quite a bit yeah i think that's a pretty solid way to sort of like um

00:00:36.680 you know summarize george gammon but why don't you give him the quick elevator pitch and you know let

00:00:42.120 him know who you are and how you got into what you're doing because i mean like your red pill

00:00:44.900 sorry your channel i noticed in the description you know in the about section you use the word red

00:00:49.400 pill when it comes to economics which i thought was interesting because i don't think i've seen too

00:00:52.440 many guys use that before but um yeah let's let people know who you are and how you got there

00:00:57.020 well it's the same thing rich it's it's seeing the code in the matrix right i mean you say that all

00:01:02.220 the time and i'm obviously a huge fan of yours and a huge fan of rollo's and whenever you see that uh

00:01:07.940 or use that phrase seeing the code in the matrix it applies to economics and finance uh just as much

00:01:14.820 as it applies to uh dealing with women and the sexual dynamics that you guys talk about all the time

00:01:20.560 but uh the backstory is uh first and foremost i've never taken an econ class in my life

00:01:26.000 i've never taken a finance class i almost flunked out of high school and i've got i got very poor grades

00:01:32.440 to say the least but uh in 2012 i retired uh i was an entrepreneur for many years and had some

00:01:42.360 businesses that failed like everyone else does and had a couple that that did all right and the business

00:01:48.400 i retired from had over 100 employees and uh i had a little bit of money saved up enough to where i

00:01:56.100 didn't have to go back to work again as long as i could get maybe a five percent return so i wanted

00:02:00.960 to figure out how to invest my own money i didn't want to delegate that to someone else and uh but i

00:02:07.140 didn't know anything about investing i knew a lot about business i knew how to make money but that is a

00:02:12.540 completely different skill set from investing i didn't know what the bond market was i didn't know what

00:02:17.900 the federal reserve was i mean none none of the just basics uh so i started uh watching youtube

00:02:26.320 videos oddly enough and went to milton friedman free to choose and i started studying thomas soul

00:02:32.060 and jim rogers and jim grant jim records peter schiff uh doug casey rick rule uh and i i really

00:02:39.660 resonated with jim rogers i said okay well that's what i want to do and this was 2012 so i wanted to buy

00:02:45.140 things when they're cheap and sell them when they're expensive and so at the time real estate

00:02:49.100 was really cheap so i kind of dove headfirst into the real estate game and bought a bunch of properties

00:02:55.240 in kansas city and then i started doing that in south america in ecuador and columbia and i've been

00:03:02.880 investing in real estate in medellin columbia since 2015 and then in 2019 i did a tv show down there

00:03:10.860 just one of these hg tv shows where they follow me around into the properties that were remodeling

00:03:16.180 and rehabbing and then renting out or selling and uh it went great uh i was the executive producer i

00:03:22.900 was in the show uh we did a season down there and from season one to season two at a break so i wanted

00:03:29.440 to leverage the staff i had and uh so i started the youtube channel and i didn't think anyone watch it

00:03:35.740 want to watch a video on economics although that was my main passion i love real estate but my passion

00:03:41.280 is economics and macro more specifically so uh the first few videos we did were on real estate no one

00:03:47.720 watched them you know you get like 10 views and nine of them are from your mom or your sister or

00:03:52.100 something like that you know you know it goes when you start crickets for the first yeah but then uh i

00:03:58.680 did a couple videos on macro and those were the ones that really blew up so it was a great fit and i just

00:04:04.540 stuck with it and after six or seven months i had maybe a hundred thousand subscribers or so

00:04:09.860 and uh now after a couple years we've got three hundred and maybe 60 or 70 000 subscribers on the

00:04:17.180 george gammon channel that's where i do most of the whiteboard videos and then i just started the

00:04:21.600 other channel called rebel capitalist where i just do live live streams on the daily news and that's up

00:04:27.080 to maybe a 60 or 65 000 subscribers now i've got the podcast which is called the rebel capitalist show

00:04:33.520 that's doing very well in the business and investing category in itunes so i just love doing it i love

00:04:40.340 talking to people like you and and peter schiff and fortunately all those guys that i really looked up

00:04:45.100 to and learned from i've been able to actually interview for the show so it's been a ride i absolutely

00:04:50.180 love it and i just wake up every morning and just super excited yeah i've watched a few of them i used

00:04:56.180 to listen to peter schiff's podcast uh probably around 2013 um he always had an interesting take

00:05:04.020 yeah i actually just got off the phone with him about 10 minutes ago uh he called me up he's in

00:05:09.040 connecticut and he was talking to me about uh some things he thought i should have added to one of my

00:05:15.180 whiteboard videos you should have said this you should have said this you should have said this and then

00:05:20.020 he wants to do a a debate with our good friend brent johnson on the dollar so i'm gonna set that up

00:05:25.620 in the channel in the next couple weeks i get that all the time people telling me that i should have

00:05:29.180 included something in a video or a chapter in my book that i didn't and it's like well okay um you

00:05:36.360 know what i was thinking about when you were kind of doing your elevator pitch is um you know we kind

00:05:41.480 of have a similar story because it was around 2012 that i started to get in the exit kind of space

00:05:48.220 from my debt relief business uh yeah and i think we're the same age too rich yeah yeah yeah and

00:05:54.660 it wasn't the housing market um you know that i was looking into at the time because i was a little

00:06:00.920 delayed until about 2015 and the full exit was around you know 2018 or so but um how how would you

00:06:08.100 compare running a company of 100 employees to trying to figure out the direction of the economy and where

00:06:17.680 to place your bets with your own money right like this is money that you've that you've earned paid

00:06:24.100 taxes on and you want to deploy to um you know go to work for you what's that like trying to figure

00:06:30.820 out the economy versus trying to figure out how to run a business like how would you compare the two

00:06:34.480 like are there similarities are there differences oh complete opposites you know as a business you know

00:06:40.720 you're you're babysitting especially when you got 100 employees and you're managing people uh you're

00:06:46.940 trying to uh problem solve just constantly constantly constantly putting out fires and then you're trying

00:06:54.500 to uh take charge and grow the business in whatever way that you can and try to seize opportunity

00:07:00.740 um but in investing number one you don't have to deal with employees and number two instead of having

00:07:09.000 that offensive approach with investing you got to have a defensive approach first and foremost

00:07:15.500 you know you've got to manage risk and the number one rule in investing is just make sure you stay in

00:07:21.900 the game and uh you know warren buffett says the top three things to remember in investing is don't lose

00:07:29.040 money don't lose money and don't lose money and uh as you know as an entrepreneur you don't have

00:07:35.180 that mindset you have an abundance mindset and uh like i said earlier you're always looking for

00:07:41.400 opportunities to start a new business to create a new revenue stream and and you've got to be willing

00:07:48.620 to take an acceptable amount of risk and often risk that other people would see as excessive

00:07:55.980 and in in proper investment now speculation or speculating is is different i think there's a

00:08:03.300 uh a component of risk there that's acceptable but if you're just investing and just trying to make

00:08:09.620 a 10 or 12 return and uh maintain your purchasing power first and foremost you've got to be always

00:08:17.960 focused on your downside always focused on risk management instead of uh an entrepreneur you know

00:08:24.540 you're always trying to focus on the upside and when it comes to putting money into the markets

00:08:30.000 wherever you deploy it i mean do you do you just sort of dollar costs average in throughout the

00:08:34.740 months and years or do you look for buying opportunities when there's blood in the street

00:08:38.180 yeah the latter so i i've always but this is different you know based on objectives and your

00:08:46.060 personality you've really got to know yourself well yeah as an investor you got to know what your

00:08:51.060 strengths are what your weaknesses are but you need to do that in entrepreneurship as well

00:08:55.800 but i really just don't i tried not to do anything you know going back to jim rogers one of his famous

00:09:02.260 lines is he always said that you gotta just wait and sit on your hands be very very patient and when a

00:09:10.880 pile of money is sitting in the corner just go pick it up and then come back to your chair and in the

00:09:17.000 interim do nothing and sometimes you go a year you go two years without seeing a pile of money show up

00:09:23.860 in the corner but that's fine that's okay so many people have this itch to keep doing things and

00:09:29.460 usually that's uh counterproductive so as an example uh one of the first times i actually bought

00:09:36.100 shares was back in 2013 uh when cyprus had the bail-ins i don't know if you remember that when they're

00:09:44.260 buying when they had their bank banking crisis and uh they actually you know took depositors money

00:09:50.780 and uh their stock market went down by 99 percent and uh you could go in there and buy uh publicly

00:09:59.380 traded shares of uh hotels as an example you know cyprus is a big tourist destination and uh you know

00:10:07.480 they were just trading for pennies and you could get like a 10 15 dividend yield so i went and did that

00:10:14.460 just took advantage of uh crisis investing if you will and uh i've never stole the shares i i still

00:10:20.320 have them today and then uh another example in march of 2020 when the the market was just in

00:10:26.520 uh you know dire straits because of uh we'll call it the cerveza sickness uh there's there's fear

00:10:32.460 there's panic uh that's another indicator i like to use when uh as far as on the buy side is when

00:10:39.520 there's panic you know you always want to get greedy and uh i was buying when oil was down under

00:10:45.620 20 a barrel i was buying oil producers when oil was negative 38 a barrel if you remember that

00:10:52.880 and uh i was buying uranium i was buying a lot of the commodities because uh at the time and and to

00:11:00.320 this day i i think that we've gone into a commodities super cycle uh which usually usually lasts about

00:11:08.320 10 to 15 years the last one started in 96 98 and ended in 2011 and i think that we went into another

00:11:18.320 one in 2020 and we'll probably be in this bull market super cycle until 2030 2035 now that's not

00:11:27.140 to say that there isn't volatility there's always extreme volatility where prices will go way way up and

00:11:33.280 then they'll come crashing down but that's what you use as your buying opportunity and kind of buy

00:11:39.380 around that long-term view but you got to be patient to add to your position i think now is a great time

00:11:45.600 or a great example you know we've got oil at 110 a barrel and anytime oil gets over 80 or 85 adjusted for

00:11:54.580 inflation uh it's it's pretty expensive so i was wanting to buy and i did uh quite extensively when it was

00:12:01.620 under 30 a barrel and right now i'm not buying definitely not selling uh but i'm waiting for

00:12:08.160 a pullback uh if russia hopefully you know the russia ukraine thing comes to an end very quickly

00:12:13.980 i think that makes oil drop down to probably 80 that might be a buying opportunity or um if we get a

00:12:21.280 recession you know we had the inversion of the yield curve in the united states with the treasury market

00:12:25.880 the twos and tens maybe two months ago uh we had a negative gdp print for q1 in the united states

00:12:33.880 uh we've got a lot of indicators that are screaming recession right now so if we go into a recession

00:12:41.580 especially as the fed is raising interest rates that could be very bearish for commodities but again

00:12:47.840 i think that's a buying opportunity if you've got that long-term 10 to 15 year time horizon where

00:12:54.540 were in this uh super cycle and you saw those stages and those fluctuations in price in the last one we

00:13:01.420 went through from 96 to 2011 as well so that that's kind of uh the way i like to do things uh you know

00:13:09.820 another example of just buying cheap and selling expensive is uh when i bought real estate in 2012

00:13:15.980 i wasn't trying to figure out the price and this is something i learned from jim rogers as well

00:13:21.280 is i i don't think that's a a prudent strategy because and that's what most people do uh first

00:13:28.460 and foremost is they try to ask themselves well what's the price going to do right if i'm buying a

00:13:34.220 home in 2012 do i think the prices are going to go up or do i think they're going to go down if the

00:13:39.640 prices are going to go down then i'm going to hold off and not buy if the price is going to go up then

00:13:44.220 i'm going to go ahead and buy now i don't think that's the right approach instead you've got to just

00:13:48.600 ask yourself a simple question is it cheap if it's cheap buy it regardless of which direction

00:13:54.700 you think the price is going and if it's expensive sell it so in 2012 i thought the price is most

00:14:00.840 likely we're going to continue to go down but i bought anyway because it was cheap and i just sold

00:14:06.260 my last property in the united states a couple months ago now that's not because i think the market's

00:14:12.260 going to crash maybe i do maybe i don't but the market could go up another it could triple from here

00:14:17.940 who knows but i don't care about that because i'm just selling because it's expensive regardless

00:14:23.720 of which direction i think the price is going to go and i think if you continue to do that and you're

00:14:28.540 agnostic as far as your uh the commodity or excuse me you're agnostic as far as the

00:14:34.760 types of assets you're willing to invest in and where you're willing to invest you just do that over

00:14:42.540 and over and over again and i think that's an edge and if you do that over the long term i think you're

00:14:48.300 going to come out a winner what about the um dollar cost average guys that are that are all about time

00:14:53.460 in the market rather than timing the market because you basically summarized your strategy and timing the

00:14:58.440 market um have you considered that investment strategy yeah i i don't like that because i could show

00:15:05.940 you so many examples of when the market goes down and doesn't come back up so uh now if you're buying

00:15:12.900 cheap then uh it's just kind of a waiting game and you're minimizing your downside but that's not to say

00:15:18.360 that you get every investment right again that's a numbers game you know you're going to get maybe 60

00:15:23.360 percent of them right 40 you just got to ride your winners you got to cut your losers short but as far as

00:15:30.020 just blindly buying regardless of whether things are expensive or cheap uh just because we've had a

00:15:36.800 slight pullback again i don't like that if you look at japan as an example back in 1990 you know

00:15:43.320 their real estate market and their stock market went down by 50 60 percent and to this day in nominal

00:15:51.640 terms it has not quote-unquote recovered so you know it's a fallacy to think that the stock market just

00:15:58.280 always goes up over time you hear that from financial advisors uh that are are young or are

00:16:05.580 kind of trying to sell you some oceanfront property in arizona by just showing you charts from 1981

00:16:12.560 to today's date why do they do that because we've been in a down cycle in interest rates you know

00:16:19.100 interest rates have gone from 18 or 19 percent all the way down to zero percent okay well in that

00:16:25.220 environment sure stocks are going to go up but uh interest rates are cyclical so and they're usually

00:16:33.160 run in 30 or 40 year cycles so what happens when we go into the next cycle of 30 or 40 years and

00:16:38.780 interest rates go back up to 18 percent you cannot expect for stocks to continue to go up and if you

00:16:45.600 look at the chart of the stock market the s&p from the late uh 1920s to about 1979 or 1980 and if you

00:16:55.180 adjust for inflation the stock market was flat it was flat from 1927 to 1980 so it's just that you know

00:17:04.240 these last couple decades that people like to get hyper focused on and they say well if you would have

00:17:09.060 dollar cost average well sure but you got to look at all the price action throughout history you can't

00:17:15.200 cherry pick your time frame and uh that's again why i like my strategy a little bit better when

00:17:22.080 you're just buying things when they're super cheap when they're unloved uh you know one of the things

00:17:26.480 that i'm really bullish on right now maybe not at today's price but over the long run is coal and

00:17:32.740 you know most people would be super excited about facebook or uh tesla or something like that zoom

00:17:40.060 maybe you know some of these high flying tech stocks but when you mention coal people just get

00:17:45.340 this sour look on their face and they tell you that you're crazy and usually when you get that

00:17:50.960 response from people it means you're going to make a lot of money and and they because you know why do

00:17:58.580 they do that rich because they focus on the demand side of the equation they forget about the supply side

00:18:02.740 yeah one of the best stories i ever heard from jim rogers was uh back in 2003 you know he was talking

00:18:10.460 about the last uh bull market and the last super cycle and commodities and one of his favorite

00:18:15.260 commodities at the time was lead and i'm you know you're my age so i'm sure you remember back in those

00:18:21.520 days in the late 90s lead was public enemy number one i mean it was all in the media that it was getting

00:18:27.720 in kids like blood streams and it was messing them up and poisoning them and people were you know if

00:18:33.820 it was in their paint they were stripping off their paint and redoing their house and all these things

00:18:38.660 i mean no one wanted to touch lead quite literally and uh this was one of his favorite commodities and

00:18:45.720 people were telling him they were crazy but his bullish argument that sure the demand side is going to go

00:18:50.920 down absolutely but nobody is going to invest in companies that produce lead therefore if there's

00:18:58.040 no investment they can't put any money towards increasing future supply and if there's no future

00:19:04.500 supply that comes online even if the the demand is cut in half the price is still going to skyrocket

00:19:10.660 and if you look at a chart of lead from call it 2002 to 2008 or nine that's exactly what it did

00:19:17.400 it went parabolic so i think that we could be in that same cycle with coal right now even though

00:19:23.100 the price is run and i'm not a buyer uh today yeah i'm i'm with you on that um you're a car guy too

00:19:31.980 so i want to kind of like you know take a minute to talk about this as well because i was watching this

00:19:35.160 video video the other day it's on doug de miro's channel and he was talking about i loved that's that's

00:19:39.480 one of my favorite channels yeah the quirks and features guy and yeah yeah i don't know what that is man

00:19:44.460 but you know just going around the car and like pointing stuff out it's just um it's just a cool

00:19:48.700 you know 20 minutes he's a great personality too at the end of the day that's what these youtube

00:19:52.360 channels are all about people just bonding with your personality yeah 100 but um you know speaking

00:19:58.360 of the unloved and cars that would become future classics one of the things that he was pointing

00:20:02.840 out from past trends as well was certain vehicles that were unloved at the end of their product

00:20:07.440 cycle you know a real good example would have been like the last model years of the uh first gen

00:20:13.280 acura nsx which i think went out of production in 2001 two or three or something like that but

00:20:19.280 nobody really liked them it had no ability to compete with any of the exotic cars of its day

00:20:23.800 and they had a hard time getting rid of them same thing with the ford gt back in 2004 to 6 i think it

00:20:29.340 was they couldn't even get them off the lot uh same thing with the lexus lfa they were paying people

00:20:34.260 to go around and you know show the car off at like cars and coffees to try to generate some interest

00:20:38.560 so they could sell some but all these cars are worth a worth a vast fortune today like you could

00:20:43.300 have bought a ford gt um only a few hundred and fifty grand i remember i was looking at one back

00:20:48.280 in 2007 or so yeah they're up over half a mil you know 600 seven you know depending on the quality and

00:20:55.120 the spec of the car same thing with the acura nsx they're selling for way more than what they were

00:21:00.140 selling them for you know back in the day um you know so he made a couple of interesting you know

00:21:04.860 predictions and he was talking you know essentially about things that weren't loved today that are

00:21:08.340 limited prediction limited production you know performance cars um that will probably have

00:21:14.420 a lot of it you do the same thing i think with f-250 diesel trucks right yeah yeah i just stumbled

00:21:20.420 across that and that's been a a really fun thing to do is kind of like a little side hustle i was down

00:21:25.800 in tucson helping out my younger brother and uh i bought an airstream you know what that is and uh one of

00:21:32.960 those you know silver cylinder kind of american iconic uh rv trailer things and i had never owned

00:21:39.740 a truck i didn't know the first thing about it and so i bought a ford f-150 and i were very close

00:21:45.640 to mexico so i'm like oh i'll buy one that's beat up take it down to mexico get it fixed up because i

00:21:49.640 knew a bit of spanish it'd be fun adventure so i did that and i found out that the f-150 couldn't

00:21:54.680 pull the trailer so i had to sell it i sold it in like three days made like two or three grand i'm like

00:21:59.140 well this is fun and i started to research these uh you know these power strokes seven three diesels

00:22:04.320 from 95 2002 a lot better and i found that they're in massive demand so i started buying them and

00:22:11.300 selling them on ebay just as i was down there helping out my brother it's a fun thing to do

00:22:15.000 and i really enjoyed it and i kept about now i probably got five or six of them in storage uh that

00:22:21.400 are like 60 70 000 original miles on them and i just keep them as a store of value just like i'd keep

00:22:27.080 a bar of gold you know just kind of as insurance because i know that they'll always maintain their

00:22:33.580 value relative to inflation you know another thing that i wanted to point out though rich what you're

00:22:39.000 saying those cars that are unloved remember when the giardo first came out yeah and i i bought one

00:22:45.340 back in uh i think they first came out 2004 and i bought one in like 2006 but back then the paddle

00:22:51.380 shifters were really you know that was the the hot thing and no one wanted a stick shift 0.84

00:22:56.500 and then remember the the ferrari what was it the four uh 435 was the last one that they had

00:23:04.480 or the f430 i'm sorry yeah it was the last one that they made with the stick and the last ferrari

00:23:09.800 they made with a stick was a california believe it or not oh i didn't know that yeah apparently

00:23:14.180 there's a handful of californians out there with a manual transmission i never knew i never knew that

00:23:18.340 but but you know remember back then that the paddle shifters were really the thing and no one wanted

00:23:22.620 the sticks yeah i've heard stories about dealers calling like people on the waiting list for cars

00:23:26.760 and saying hey you know we got a manual transmission car and i know you know you want a e-gear on order

00:23:31.280 you know do you want this manual and they couldn't sell them like nobody would take them yeah and now

00:23:35.220 those sticks are are literally double the value yeah uh like if you go buy an f430 you know you get

00:23:41.820 one for 130 grand if you can get a stick it's like a quarter million dollars yeah and i i would assume

00:23:46.500 it's the same thing with the lamborghinis i know it's definitely that way with the murcielagos

00:23:51.040 yeah yeah it's crazy yeah there's only um there's a guy with a youtube channel uh damon fryer daily

00:23:56.820 driven exotics he had a uh a gated manual murcielago and i think it was like one of six

00:24:02.460 in the world like like that's even like that's rarer than a zonda bugatti like pretty much any other

00:24:07.820 production car because most of them were uh eager you know transmissions um i know that we're

00:24:14.020 probably baffling some people on on the podcast but george might geek out on that um but let's

00:24:20.020 let's go back to um what's going on with the economy one of the more popular videos on your

00:24:25.180 channel it's got it's got almost 700 000 views on it and the title is the global elite's great

00:24:30.260 reset agenda can you talk a little bit about um and that video is about a year old so maybe you can

00:24:35.800 kind of like update some thoughts on that you know today on what you think's going on with guys like

00:24:39.660 klaus schwab and bill gates and the great reset what are your thoughts on that well i actually just

00:24:44.700 did a presentation on this at mark moss's event in in dallas so it's kind of fresh on my mind

00:24:50.400 and i think you know to make a short story long here you've got to start by going back to 1513

00:24:58.540 the year and this is when machiavelli wrote his book called the prince and if any of your

00:25:06.900 viewers or listeners haven't read the book or at least watched like a documentary you got to do it

00:25:13.400 it's called the prince the prince yeah it's only about 90 pages and uh basically back then uh kind

00:25:22.020 of the the mainstream narrative is if you will is that what made a good leader or a king or prince was

00:25:29.540 integrity uh was honesty was uh you know virtue all of these things and uh machiavelli was the first

00:25:39.220 one that came out and said you got you're lying to yourself that what the way you stay in power

00:25:45.460 as a politician is by doing the opposite of that if you want to do good you've got to be willing to be

00:25:53.580 bad ethically you've got to abandon all morals you've got to be willing to go against your word

00:26:00.260 you've got to be ruthless you have to do these things or else you're a not even going to get into

00:26:05.660 power and b if you get there you're not going to keep your position of power so uh you know fast forward

00:26:12.780 to the 1900s and several of the dictators uh were very very influenced by machiavelli a hitler

00:26:20.580 uh stalin just to name a few a john gotty used to reference uh the prince all the time and it had a

00:26:28.720 massive impact on a gentleman by the name of henry kissinger uh so much so that the one of the more

00:26:34.520 recent versions of the prince it's still in print today um the cover of it has henry kissinger on the

00:26:41.660 cover and so now we go to 1967 and uh klaus schwab takes a class or a seminar from kissinger

00:26:51.680 at harvard and he said that that was one of the had one of the greatest impacts on his life

00:26:58.560 and uh you know kissinger back then was saying things like one of his famous quotes like if you

00:27:05.600 control the food you control the people if you control the energy you control countries if you

00:27:12.800 control money you control the world and so then you've got klaus saying that kissinger was one of

00:27:20.280 the biggest influences on his entire life now we go back a little bit to the 1800s and there's

00:27:26.280 another gentleman there uh by the name of thomas malthus and so if you've ever heard the term

00:27:31.660 malthusian uh it started with thomas malthus and he was the first one to really articulate this view

00:27:37.260 where if the global population increased exponentially uh that would lead to significant

00:27:44.520 problems because we live in a world of limited resources and so he actually argued for uh you know

00:27:52.220 controlling the birth rate put it mildly maybe even depopulating uh he argued why war was a good thing

00:27:58.980 because it would wipe out half the population and that that's better because now uh we're not

00:28:04.600 constrained by the or we're not we're temporarily uh dodged a bullet as far as being constrained by

00:28:11.380 the resources relative to the population i mean these are things that he would say out loud

00:28:15.000 and uh it's since then it's been very popular with the intellectual elite right so uh you fast forward

00:28:24.140 in 1968 there's a group that was set up called the club of rome and they're basically just taking

00:28:30.220 malthus ideas and just kind of repackaging them for the modern age and uh klaus schwab was very very

00:28:37.640 moved and influenced by the club of rome as well to the point where in 1972 he set up the world economic

00:28:44.100 forum in 1971 it was called something different but uh in 72 he had the gentleman who set up the club

00:28:51.980 of rome uh to do a speech on his uh most recent paper called limits to growth and i'm sorry the

00:28:59.800 paper came out in 72 he did the speech at the world economic forum in 73 so limits to growth became kind

00:29:05.800 of a worldwide phenomenon and again it was just regurgitating these ideas these malthusian ideas

00:29:10.980 and so much so that mit actually turned it into a computer program where they projected the end of the

00:29:17.700 world based on human population growth uh pollution and damage to the environment and then in 91 the

00:29:27.140 club of rome which still exists today i came out with another paper that was wildly popular that uh kind

00:29:33.140 of re-articulated their views but then said the only solution is not at a local level it's not at an

00:29:40.700 individual level it's not at a state level it's not at a country level the only way you're going to solve

00:29:45.080 this is through central planning and basically a global government and this echoed a lot of the

00:29:51.840 thoughts from henry kissinger as well so then when you you fast forward to today and uh you know i'm

00:29:58.680 sure a lot of your viewers have seen the clips of bill gates uh talking about how there's a big problem

00:30:04.040 with the population going from 7 billion up to 9 billion or 12 billion and this is just him looking at

00:30:12.500 the club of rome and being influenced by klaus schwab and this is just a malthusian idea uh that

00:30:18.760 he also is taken to heart and uh really thinks that sure okay malthus kind of got it wrong in the 1800s

00:30:26.120 we figured out some solutions there and maybe the club of rome was early but by 2050 this is definitely

00:30:32.700 going to impact the world so you know being a a megalomaniac and these people thinking that they

00:30:39.860 are superior genetically and intellectually to the other 7 billion people on earth uh they figure

00:30:47.980 that if you know if they can't solve the problem then we can't solve the problem collectively either

00:30:52.560 the free market cannot do this so you've got two options either you reduce the energy use or you

00:30:59.720 reduce the birth rate or ideally you do both and that's why um when when you look at everything that's

00:31:06.860 happening in the world whether it's the great reset agenda whether it's the government's response to

00:31:11.700 we'll call it the cerveza sickness keep it youtube friendly uh even right there trudeau you know trudeau

00:31:17.300 is just a pawn of uh of klaus schwab i mean and you the way you know this is because when you hear

00:31:24.200 klaus schwab speak and hear trudeau speak he uses the exact same words it's like it's a script that

00:31:30.200 they're given and uh it's a dead giveaway yeah exactly and biden does the exact same thing

00:31:35.440 yeah so um we go into this world where we are today where uh you're looking at what they're

00:31:41.380 and i would go so far as to say russia as well uh you look at that and uh you look at this push

00:31:47.520 towards wokeism as another thing you know and this is something that i've seen very very few people

00:31:53.500 connect the dots and it's definitely applicable to your channel you know you talk about this all the

00:31:57.600 time but i think that one of the reasons the global elite and you know now they're in bed with

00:32:04.400 the corporations as well one of the reasons why they're pushing this woke agenda so much is because

00:32:10.840 it reduces the birth rate and if you just look at their three main objectives and i've kind of done a

00:32:16.880 lot of thinking on this and i think you can really summarize it by saying uh you know the reduction in

00:32:22.580 energy like we're saying the reduction in the birth rate and then usurping power control and wealth

00:32:28.880 so if you look at either also softens the population and it makes it more compliant too

00:32:34.680 yes yeah and and i think that that their reaction to the surveys was a a big step forward for them to

00:32:43.080 condition people to basically believing in absurdities um and you know and you know you look at all the

00:32:50.740 absurdities throughout the mainstream narrative right now and the more you can get people to believe

00:32:57.180 in what is just ridiculous the more power and control you have over their their daily life and uh you

00:33:05.560 know even looking at what's happening in russia ukraine you know why is it that the media is just so

00:33:10.620 hell-bent on the u.s getting involved with with russia you know why isn't it something uh you know like

00:33:18.820 afghanistan or why isn't it something uh that where the media is not paying as much attention to it like

00:33:24.200 they have in wars uh in the past and you say oh it's about uh you know putin invading a democratic

00:33:29.440 society eh okay i think if you look at the propaganda around this and you know we see it recently with this

00:33:37.140 push towards sweden and finland uh joining nato and i think that it's because uh the global elite want

00:33:44.740 the united states to get involved because it helps them achieve those three objectives you know look

00:33:50.660 at it through that lens is it going look what's happening in europe right now you know they're

00:33:54.600 having to ration natural gas they're having to ration energy use they're having to ration electricity

00:34:00.540 okay what's objective number one check that box okay we go to into a nuclear war okay check box number

00:34:07.740 two decreases the birth rate in the population that's for sure and then if we go into a war you know who

00:34:14.180 are the entities that benefit from that it would be the global elite the politicians the people

00:34:20.220 are the ones especially the poor and middle class that always end up paying the price so i don't i 0.95

00:34:25.960 wouldn't go so far as to say that they're behind everything uh but the title of my presentation at

00:34:32.240 mark's event was never let a crisis go to waste and i think that they've got these objectives and then

00:34:39.980 when a crisis presents itself they sit back and say okay we influence this politician this corporate

00:34:46.820 head this ceo you know this hedge fund manager these people that come to davos so and this you know

00:34:53.620 mainstream media outlet so how can we how can we position a narrative around this crisis and implement

00:35:03.180 policy that'll help us achieve one two or all three of those objectives we just outlined

00:35:09.860 you're very articulate at presenting that uh information without causing any issues on youtube i i commend

00:35:17.840 you for that i've had a lot of practice rich i want to i want to ask you now so now that you've sort of

00:35:24.440 explained that um how are you hedging your bets to profit and survive that uh economic and change in

00:35:35.680 the world that you see coming it goes right back to commodities because in that world where you know

00:35:42.200 one of their main things obviously is climate change and uh i'm not someone that's gonna say

00:35:47.780 that climate change is right or wrong or man-made or not man-made you know your audience can decide

00:35:53.080 climate change so let's just agree on that yeah but but i can uh i can tell you that the global elite

00:35:58.320 don't care about polar bears right they don't care about the temperature in the ocean it's all just

00:36:03.280 a ruse it's a trojan horse to help them achieve those malthusian objectives and the power control 0.53

00:36:11.580 and wealth and then we go back to the kissinger quote you know how do you control countries well you

00:36:16.220 control the energy and how do you control the population you control the food and we can see that

00:36:20.980 kind of play out with all the food shortages and energy prices going sky high um and then with them

00:36:27.060 again controlling that narrative which i think they're going to do more and more through this

00:36:31.300 quote-unquote disinformation and this all this basically war on freedom of speech and this push

00:36:37.840 towards censorship but that's you know kind of a completely separate topic but if you look at um you

00:36:44.040 know how they're trying to get from a to b uh with the green new deal as an example with trying to

00:36:50.780 completely uh stop using fossil fuels which goes right back to lead remember and the whole esg movement

00:36:58.900 well why is it that you know why is or one of the reasons i'll say not the entire reason but one of

00:37:04.280 the main reasons why energy prices are so high today is because of the esg movement because no capital

00:37:11.680 went into sourcing more supply so sure you can sit there and say how dirty coal is and sure you can sit

00:37:19.200 there and say how we shouldn't invest in natural gas and then you can sleep well at night you can look

00:37:24.660 yourself in the mirror and pat yourself on the back thinking that you're doing good but at the end of

00:37:30.260 the day that's going to mean much much much higher prices and that's going to mean that the the poor

00:37:36.180 and the middle class suffer uh to a greater degree and that means lower gdp growth and that means that

00:37:42.780 the standard of living for society goes down because energy is the economy if you looked at a

00:37:47.840 a chart rich of the uh global population you'll see it just kind of exponential growth like that

00:37:54.280 but if you can if you put that up against a chart with gdp gdp does the same thing but do that with

00:38:00.120 energy use and energy does the exact same thing so if you don't have that energy increasing at the same

00:38:06.280 rate you cannot increase gdp and that's going to lower the standard of living but my point there

00:38:12.520 is everything that they're pushing as far as their narrative is going to lead to higher and higher

00:38:18.940 commodity prices not just with energy coal uranium is another thing that i really really like right now

00:38:25.620 but it's also going to lead to the soft commodities increasing in price because unfortunately we're going

00:38:32.180 to see massive shortages i look at what's happening in sri lanka right now you know their their government

00:38:37.520 is completely imploding because they can't get diesel you know they just cannot get fuel because

00:38:43.380 they don't have the dollars because for a variety of different reasons but i think that's going to get

00:38:48.200 a lot better uh before or excuse me that's going to get a lot worse before it gets better so if you

00:38:54.020 want an investment theme around the great reset agenda it would be buy commodities but maybe not now

00:39:01.720 you know wait till there's panic wait till the price really goes down and use that as a buying

00:39:06.200 opportunity or this uh what i think will contribute to this long-term super cycle what are the

00:39:12.580 commodities that you like the best you talked about uranium coal is there yeah the two those are the

00:39:16.960 two i like the best coal and uranium and you like uranium for the purpose of nuclear power plants

00:39:22.280 yeah because i think that's going to be their only option uh and you can already see that only

00:39:27.880 option like i find it's funny when you see these like uh guys that think that you know electric cars

00:39:33.140 are the solution and they think that there's like fields of windmills and solar panels that are that

00:39:38.660 are collecting the electricity to charge up these cars where they don't realize like probably 95 percent

00:39:43.940 of the electricity comes from coal and whatever nuclear plants are still running but i think there's

00:39:48.840 a lot of people that are afraid of um nuclear still although you're right it's it's really the only

00:39:54.040 prudent source of uh hardcore reliable energy that's that's relatively cheap and safe even

00:40:00.260 ironically enough it's a lot it's a lot greener than uh something like natural gas or something

00:40:06.640 that we've tried to replace it biomass has been a big one that's been blowing up over the last few

00:40:10.860 years which is really just cutting down forests and burning the wood yeah they call it they call it

00:40:16.940 biomass to make it sound environmentally friendly but it's it's just you know tearing down trees and

00:40:22.460 burning them yeah one of the charts i've used to illustrate what we've been discussing uh quite

00:40:28.680 extensively is a chart of energy use broken down by the specific energy source going back to like 1800

00:40:36.040 and it's exponential like we said but you know back in 1800 like the number one source probably 99

00:40:44.180 percent of our fuel came from uh biofuels to your point it was either lumber or dried cow dung really

00:40:51.840 and uh then we went to oil petroleum then we go to coal the natural gas then uh wind solar and and

00:41:01.360 nuclear but what you'll notice is that we never use less of the prior energy source so said another way

00:41:10.000 today in 2022 we are using more biofuel than we did in the year 1800 when it was uh you know 100 percent

00:41:19.360 pretty much of the energy we used we we don't use less of it we just use more and more and more which

00:41:24.940 allows the economy to grow and allows the standard of living to increase so those people that say

00:41:31.280 that we need to replace oil with solar you don't know what you're talking about we don't need to

00:41:37.080 replace things we need to make sure that our energy sources continue to grow exponentially if we don't

00:41:44.180 have that then what you're going to have is just uh you're going to kill billions of people on earth

00:41:50.120 and you're going to lower the standard of living for everyone else and it's it's going to get really

00:41:55.520 ugly really quick if you if you flatten out the energy source but yet keep the uh population growing

00:42:02.880 exponentially they've got the you know that's one thing i'll give them credit for like bill gates and

00:42:06.980 klaus they've got the problem correct it's just their solution is wildly wildly wrong you know uh

00:42:15.420 my solution would be let the free market fix this it's been fixing it since malthus came out with his

00:42:21.400 ideas in 1800 because if the population goes from 7 billion to 9 billion what bill gates forgets to tell

00:42:28.980 you is that's an additional 2 billion people on this planet that can solve the problem and if you just

00:42:36.420 deregulate if you just let the people uh you know just do what they do and and pursue their own

00:42:43.680 self-interest uh going back to atlas shrugged you're going to solve these malthusian problems

00:42:50.080 but it's not going to come from a top-down approach it's got to be from a decentralized bottom-up free

00:42:56.020 market capitalist approach yeah but you're i mean you're asking these elites to step aside and let the

00:43:01.100 markets do their thing and they don't like doing that yeah yeah they're always going to try to meddle

00:43:05.860 it crushes their worldview because their worldview is based pretty much in eugenics with this idea that

00:43:12.900 they are uh superior in pretty much every way so if they can't solve the problem there's no way they

00:43:20.980 can expect anyone else to solve the problem because everyone else is inferior to them yeah and i think it

00:43:27.420 all you know is predicated on breeding fear whether it's you know fear around the environment climate

00:43:31.740 change for the food you know viruses um look at what they're doing to the free-range chickens in

00:43:38.380 and uh the united have you read into that i mean that is very disturbing they're killing them by the

00:43:43.860 millions because they're saying that they're scared of another you know bird flu and that it's like

00:43:50.440 really are we really scared of that or are you just trying to make sure people can't feed themselves

00:43:55.120 i don't hear about the new one that just came out it's called the monkey pox

00:43:59.160 uh i i heard about that this morning somewhere yeah that's that's you guys are going to be hearing

00:44:04.920 a lot about that over the next few weeks because uh the whole uh cerveza sickness has uh played itself

00:44:10.820 out and you know people aren't aren't really buying it anymore so they have to cook up a new one

00:44:14.960 yeah um i don't know um back to the commodities with coal and uranium are there any companies that you

00:44:21.580 like i have my pen ready so i can jot down and add it to my watch list

00:44:24.800 no you know i i need to get back on that bandwagon i've been so busy that back in um march of 2020

00:44:34.280 i i was i wanted to buy these things so i bought just the etf because i didn't have time to research

00:44:40.340 it so i bought ura which is an etf for uranium uh and i bought the coal etf which at the time was kol

00:44:48.420 and it was paying like some outrageous dividend yield like 15 so uh with coal what happened is it

00:44:55.800 it like tripled or quadrupled in price but for some reason uh it was so unpopular that uh they

00:45:03.360 they um they stopped it they they just uh discontinued the etf and that's a great contrarian

00:45:10.560 indicator in and of itself right there um but now i'm looking for some other coal plays when uh

00:45:17.760 they come down but i don't have any specific ones i would look at producers um maybe in the united

00:45:23.740 states but uh i hate to say australia usually those are the ones that pay the great dividends

00:45:28.520 but i think people just have to do some homework there um also if you want to if you guys want to

00:45:34.340 follow chris mcintosh on twitter uh he's at capitalist exploits i believe is his handle uh he's

00:45:41.820 one of the people i partner with in rebel capitalist pro and he's been a hedge fund

00:45:46.280 manager for over 20 years and he is really neck deep in the commodity space especially with coal

00:45:52.760 and uranium and uh you know he has a lot of those specific companies that he suggests

00:45:58.120 as far as uranium though i can give you a good one there and that would just be the sprot

00:46:03.500 uh uranium trust and what's interesting is usually if you want to go long uranium you've got to go

00:46:12.720 through a producer but you're taking on additional risk there because you've got a management team

00:46:17.900 you've got a capital structure uh you've got uh you know you've got the the risk of whatever country

00:46:25.420 the uranium producer maybe they nationalize the mine who knows what happens you've got government risk

00:46:31.880 there as well but if you can actually buy the commodity itself then you eliminate all that risk

00:46:37.660 that's the pure play you go long uranium prior to sprot setting up this trust that wasn't possible

00:46:43.800 but now uh it is you just buy shares of their trust and what they do is they actually buy the

00:46:49.540 physical uranium and they store it so you don't have to store a radioactive product in your yeah in

00:46:54.840 your garage next to your mclaren 720 so i would look at sprot uh uranium trust yeah good good tip

00:47:03.220 so sam's asking a question he says george what are your thoughts on teespring and red bubble i'm not

00:47:07.140 sure what's going on with those two do you know about that no i don't know what those are teespring's

00:47:11.580 the uh company that youtube bought that i they actually do my merch so my mugs and my t-shirts

00:47:16.500 and stuff oh yeah yeah yeah so that's who teespring is but i've never heard a red bubble

00:47:20.260 no i don't know i don't know it's it's for me i don't really get into that stuff too much because

00:47:27.780 it always seems like angel investing okay like i get those questions all the time it's like what

00:47:32.860 do you think of xyz company that doesn't have any revenues that doesn't or maybe have revenue but

00:47:37.060 doesn't have a lot of profit you know their upside is this this this this this and this and i say

00:47:41.600 yeah it is but again you're angel investing and i don't like to do that i always say rich that i like

00:47:48.020 to buy a dollar for 50 cents i don't like to buy a dollar for five dollars hoping it goes to ten

00:47:53.840 dollars yeah i think it's i think it's in human nature especially for like first-time investors

00:47:59.520 and i've made this you know mistake i remember back in the day uh i can't remember when it was but

00:48:06.080 there was this diamond mine that was like oh this is going to be the next whatever right and i don't

00:48:10.980 like that stuff tahara uh t-a-h i'll never forget the symbol but i you know i piled in up a few

00:48:16.120 thousand dollars that i had sitting around is basically all that i had i'm like oh yeah this

00:48:19.460 will turn into a million i'll use this to buy my you know wealth and sort of thing yeah um and it

00:48:23.740 all went to zero you know of course so like you know whenever you see these like penny offerings

00:48:27.540 or these small opportunities it's like whenever somebody comes at me with these what do you think

00:48:32.240 of this chain and that chain on you know the blockchain sort of thing and it's like i did a

00:48:36.100 cast about this you know the other day and if you guys haven't watched it you should definitely

00:48:39.020 go back and watch the last plane to win from the prior week but there's

00:48:41.980 nineteen thousand five hundred cryptocurrencies and most of them are all going to go to zero in

00:48:46.280 the next few years um they don't have much of a use case so i mean if you want to roll the dice

00:48:50.640 and you think that you know investing in something that is that speculative is is going to make you

00:48:55.920 wealthy i i wish you luck um yeah that's just my take on it though i always like as an entrepreneur

00:49:01.720 it was just always my nature to where i would rather buy a mcdonald's

00:49:08.420 than invest that million dollars in some sort of startup that didn't have any revenue or profit but

00:49:16.860 had just massive upside i'll take the the mcdonald's every day of the week yeah definitely

00:49:23.240 sure thing pedro says george do you foresee china becoming the largest economy and controlling energy

00:49:28.280 birth rate and money probably not energy unless they partner up with russia and i think that's a lot

00:49:34.160 in the way of resources do they natural resources no well not enough for 1.5 billion people yeah you

00:49:39.300 know they've got a lot of resources but that that's a huge population that you have to feed

00:49:43.900 uh first and foremost and so i think that's why they'll continue to be cozy with russia and that's

00:49:51.880 another reason why i don't think it's a good idea for the united states to push the envelope there

00:49:56.220 because we are heavily dependent on china for most of the goods that we have in the united states

00:50:02.720 but that's a completely uh you know separate topic the birth rate i mean they're trying to increase

00:50:07.920 the birth rate right now as far as energy i think they're going to try to delegate that

00:50:12.400 or offload that to their partnership with russia i mean right now all the oil that europe is not buying

00:50:19.280 or the nat gas that europe is not buying uh china is buying at 50 cents on the dollar so you know

00:50:27.080 i think i read somewhere today that they're that they're building up uh strategic reserves at this

00:50:32.200 point as they should i mean as they should that that's the smart thing to do especially when you're

00:50:38.680 long dollars and you're short energy that that's what that's the kind of a macro nerdy way of saying

00:50:44.040 it that just means that you've got a lot of dollar cash flow coming in because you export so much to

00:50:49.720 the united states and those exports are settled in dollars but what you don't have a lot of is energy

00:50:56.840 so you need those dollars to buy the energy because global energy is also uh settled in dollars but

00:51:03.960 that's why this relationship with china or excuse me with russia i think is so important to them and

00:51:09.320 that's why it's hugely beneficial the are the west's approach to these sanctions is so beneficial to

00:51:17.160 china is because again they're getting that energy that they so desperately need on the cheap and they're 1.00

00:51:23.400 storing it and they're saving it for a rainy day i think that's maybe what might explain this what

00:51:31.720 seems to be irrational approach toward the cervasus sickness with these crazy lockdowns that they've

00:51:37.960 had in areas like shanghai it seems like they may be trying to condition their society to get

00:51:44.040 acclimated to living with less food and less energy if they have to cut off uh the dollar supply coming

00:51:52.520 in from the united states as far as money yeah i mean they've come out with the digital yuan

00:51:58.920 and i think that they are going to try to uh push their central bank digital currency and i think one of

00:52:07.080 the uh ways that they'll get mass adoption is through the one belt uh one road initiative so they've made

00:52:17.000 all these investments in across india across eastern europe and in africa and south america we've all heard

00:52:25.400 of this and i think that uh if they come out with a digital yuan that is the uh you know all currency is a

00:52:33.560 liability of a bank whether it's a central bank or a commercial bank and the big difference there is

00:52:38.840 a commercial bank has a pnl so they have to be very selective about who they lend to but a central

00:52:43.800 bank doesn't really have a pnl they do but they can just print money you know they they don't really

00:52:49.240 have to have positive equity they can have negative equity they can't go out of business right they

00:52:53.160 can't go bust so uh they can issue loans if these other countries have accounts in these main

00:53:00.280 corporations in other countries have accounts with the pboc which is their central bank you know

00:53:05.640 they can really determine who's getting credit who's not getting credit and they don't really

00:53:10.040 have to worry about that pnl and once the big corporations in these countries start using the

00:53:15.560 digital yuan then so will the consumers and then you just kind of try to create this network effect

00:53:22.200 so that's not a prediction uh but it is to say that i think this is one of their main objectives

00:53:29.080 over the next five uh ten years is to take control of money through the digital yuan and they're

00:53:35.640 creating that network through the one belt one road initiative um speaking of china um there's a real

00:53:43.000 chink in the armor like there's a there like this is the achilles heel that i see that's a real 0.85

00:53:48.600 problem for the economy and for stability in the world because china's made it clear they want taiwan 1.00

00:53:53.240 and i think it's something like 95 percent of chip uh production happens in taiwan uh taiwan

00:54:02.760 doesn't want to be a part of china um most of these companies most of these high tech companies have

00:54:09.000 well-established businesses and production facilities that are really high tech that don't exist anywhere

00:54:14.200 else in the world and if you want like military grade chips um for things like computers for military

00:54:21.720 equipment for anything that's high tech um i'm sure things like teslas apple phones and all these

00:54:27.480 things as well that's where it comes from and that's going to mean that if china goes for taiwan

00:54:33.000 the usa has to get involved right they can't hand over access to that technology and those production

00:54:41.400 facilities to china that's going to be a real problem i don't know how much you know about the

00:54:45.960 details of that but it's but it's a pretty significant risk as i see it do you have any comments on that

00:54:52.120 i thought that there was a decent probability that china would go after taiwan right when 0.68

00:54:58.520 russia went into ukraine i thought so too yeah i thought let's let's watch taiwan here fortunately

00:55:04.360 that that didn't happen because i don't want things to escalate and i mean the other problem that china 0.98

00:55:08.680 has too is they actually have a very short timeline like they legitimately have to do this within the next

00:55:13.640 five years otherwise they won't have the resources and manpower to take back taiwan

00:55:18.840 yeah well that that's they they may though because if you look at china's demographics it is true that

00:55:26.920 they've got a big problem there just like japan maybe not to the extent that japan has it but

00:55:31.320 they've got a big problem there where they've got a lot more old people uh then they have young people 0.99

00:55:35.720 coming up to replace them but if they are able to continue to urbanize and grow their economy you're

00:55:44.360 pulling so many poor people out of poverty into the cities that you you might not have as big a

00:55:51.880 demographic problem as uh other countries that didn't have that growth potential and i'm not

00:55:59.720 talking about the next year or two you know china's gonna have big big problems i'm talking about maybe 1.00

00:56:04.040 five ten years down the road another thing i did on a video the other day is i i did some research

00:56:11.480 on their uh their population and ages and they actually have more people in china that are under

00:56:17.720 the age of 20 than we have total in the united states so it is true if you take all 1.5 billion

00:56:27.160 and look at it in an aggregate total that they've got a problem there but if you look at sections and if you

00:56:32.440 look at the economy transitioning from poor uh manufacturing to kind of middle class consumerism

00:56:40.360 they they could potentially uh dodge a bullet interesting uh got another search out here

00:56:47.800 pedro says uh george you foresee the sec delisting chinese companies from the new york stock exchange

00:56:54.120 oh sure i mean i i don't know that that's going to happen i wouldn't predict that but uh look at what

00:56:59.560 they did with the russian adrs you know i mean most people don't realize this but the like luke oil

00:57:05.560 and spur bank which is the biggest bank in russia and that's their main oil company uh they're still

00:57:11.720 trading on the russian stock exchange you know back about when russia first went in uh they closed down

00:57:17.640 their stock exchange um and everyone thinks that it's still closed today because the adrs that that you

00:57:24.840 could buy as an american or canadian citizen that really it's like kind of like an etf where the

00:57:29.880 underlying asset they own are those russian shares and ruble denominated shares but you can buy them in

00:57:35.480 dollars uh everyone thinks that since those are frozen and they're not being traded that russia's

00:57:41.400 stock exchange must be closed and that's not the case the russian exchange is is open they've been

00:57:47.400 doing business for probably a month and a half and a lot of those shares have have uh you know probably

00:57:54.280 not uh back to the level they were prior to the invasion but they're they're up at a pretty high

00:57:58.920 level but my point was uh those adrs are still frozen so if the wet and look at this that the west

00:58:06.600 was willing to freeze the assets of another country's central bank i mean that that doesn't sound like a big

00:58:14.360 deal for people who don't know macro but but that's like nuclear war i mean that that is something that

00:58:21.400 is totally totally unprecedented and so for the united states in the west to be willing to do that

00:58:29.960 i i wouldn't put anything past them and especially when you look at what canada did to the truckers

00:58:35.720 you know you want to talk about that on an individual level when they're just going around willy-nilly

00:58:40.440 just freezing bank accounts and trying to dehumanize people that have even uh made donations and trying

00:58:47.560 to track them down and dox them and you know do all these things you know why wouldn't they uh ban

00:58:54.200 u.s citizens or delist these chinese companies as kind of a retaliation measure and of course the way

00:59:00.600 they'll sell that as well it's for your benefit it's for your good it's for your safety safety it's for your 0.99

00:59:05.960 security and uh you know you're too stupid rich to make your own decisions so we'll just go ahead 0.99

00:59:11.640 and make the decisions for you as to what you can and can't do with your money and i think that's 0.99

00:59:15.960 another thing that they'll probably use uh to leverage this push towards disinformation and censorship

00:59:24.040 right where we have to uh set up a central bank digital currency because we have to know every single

00:59:30.680 transaction that canadians and americans are making to make sure that there's no one that's 1.00

00:59:36.760 that's funneling money to the enemy we want to make sure that rich cooper isn't funneling money to to

00:59:42.600 putin or we want to make sure that george gammon isn't funneling money to xi jinping you know so in

00:59:48.520 order to do that uh you know they could do that if we have cash well then they can do that but if we ban

00:59:54.360 cash and have a central bank digital currency so all the transactions go through the central bank

01:00:00.360 instead of bank of america then we can make sure that no one is funding our enemies and we can keep

01:00:06.920 you safe and secure i think that's kind of the way they'll sell it yeah since you touched on central

01:00:12.200 bank digital currencies let's talk about that a little bit because i mean the like the trend that

01:00:16.600 they've been on with uh paper money fiat money whatever you just you know you want to call it and

01:00:22.520 we've seen mass adoption of the blockchain not to the extent where like everybody has bitcoin now for

01:00:28.360 example which is obviously you know the most popular one but it is still growing in popularity

01:00:32.600 and there's still a long way to go um what do you think the effect of central bank digital currency is

01:00:38.360 going to have on the economy in the coming years when they release it and how far off do you think they

01:00:42.840 are from imposing central bank digital currency on the population i think we're one crisis away

01:00:49.240 so you go back first of all you have to understand these central bankers are i think are sociopaths but

01:00:57.400 they're also keynesian so they just look at everything through the lens of aggregate demand

01:01:02.120 so aggregate demand fixes everything we can just you know so if it's stimmy checks whatever we need to do

01:01:06.600 to increase uh aggregate demand so you go back to uh 2020 and they had a real issue increasing

01:01:15.400 aggregate demand directly ie getting dollars into the back pocket of the average joe and jane that

01:01:21.320 can go out there and spend it the only way they they could do it was through staying stimmy checks

01:01:26.200 and it wasn't uh very efficient so it'd go through the mail and the irs and all all of these different

01:01:32.280 uh avenues where if they would have had a central bank digital currency which means that every single

01:01:37.400 citizen would have had an account at the fed then all the fed would have had to do is just

01:01:43.000 credit everyone's account five thousand dollars and you're you're done it's a far more efficient

01:01:48.760 way to get dollars into the real economy uh chasing goods and services in other words increasing

01:01:55.080 aggregate demand so i think that when uh we do have another financial crisis which is just a matter of

01:02:02.200 when not if uh they're going to come back in with uh the same standard operating procedure and that's that

01:02:10.520 we need to do qe we need to drop rates down to uh back down to zero percent and we also need to come

01:02:17.960 out with more stimulus stimulus stimulus stimulus and in order to do that uh we're going to use a

01:02:25.560 central bank digital currency and the average joe and jane is going to say huh what is a central bank

01:02:30.520 digital and they're probably not even going to set it up that way rich they're probably just going to

01:02:33.720 say in order to get your stimmy check what you need to do is just go to your phone and you need

01:02:38.360 to download the fed app and then we'll give you your stimmy checks and you can just spend

01:02:44.920 the the new money just with the qr code or whatever it is on your phone when you go to starbucks or

01:02:50.840 walmart or target or what have you and we'll give you a thousand fed coins per month and people aren't

01:02:58.520 even going to ask you know there's free money sure let me download the fed app and then what that does is

01:03:04.120 that gives every single person an account with the fed automatically just like you now have an account

01:03:09.640 with b of a or wells fargo and it's going to gradually transition people off of using their

01:03:15.960 local bank and using instead using the fed and then they're going to gradually or maybe suddenly

01:03:23.160 try to wean people off of using cash and once they've done that then the central planners control

01:03:29.960 the money supply they control money therefore like kissinger said they control the world you know

01:03:35.320 why is that well right now the majority of the money supply is created by the commercial banking system

01:03:41.480 so if you go and and and get a loan let's say for a new mclaren they give you a 500 000 loan that's

01:03:48.760 money that didn't exist before the the bank your local bank just created that they didn't take that from

01:03:54.840 someone else to give to you that's a misconception so that's brand new money and let's say that the

01:04:00.200 very next day the deal goes through you're like oh that turned out to be a lemon it was a salvage

01:04:04.920 title something like that so you don't take the money you just give it right back to the bank pay

01:04:09.480 off the entire principal well then that decreases the money supply by that five hundred thousand dollars

01:04:16.120 all else being equal right so it's the commercial banks that really control the dollar and the way i

01:04:22.120 usually say it is jerome powell doesn't control the dollar jamie diamond does meaning the banksters do

01:04:28.920 right but if you move to a central bank digital currency then jerome powell would have total control

01:04:36.440 over the number of dollars that are circulating in the real economy he would control the amount of

01:04:42.440 dollars that are on the balance sheet of the non-bank entities therefore he would be able to control

01:04:47.080 the rate of inflation just turn up the dial he could turn down the dial he could decrease

01:04:51.720 increase the money supply he could increase velocity and even more frightening he could issue credit

01:04:58.360 to whomever has political favor because remember the commercial banks have a pnl therefore they're going

01:05:04.760 to lend based on your ability to pay them back the central bank doesn't have to do that because they

01:05:09.400 don't have to worry about being paid back so they can issue credit based on your social score

01:05:15.320 they can give you an interest rate that's better if you've been a good little boy and worn your mask

01:05:22.360 but if you get caught outside on camera as an example walking into a walmart and you're not social

01:05:28.360 distancing well that's going to be deducted from your credit score and the next time or excuse me your

01:05:33.560 social score and the next time you go to the bank to get a loan you're going to have to pay

01:05:39.240 two percentage points higher or something like that and that's if you even get approved for the loan and

01:05:43.800 then of course down here in the united states where they're so oh trudeau as well will really get

01:05:48.600 on board with this where they will extend credit to these groups that have political favor right so if

01:05:55.720 you're a straight white guy forget it you're not getting a loan for anything at any price

01:06:01.880 no you'll get a preferred rate if you're right but if you're some blue hair uh you know a liberal gal 0.99

01:06:07.480 or whatever uh then you're gonna get uh you know free money just showered upon you and again they

01:06:14.120 can do that because they don't have to worry about being paid back or you know if you're someone that

01:06:19.560 goes on twitter uh let's say or if you're a trucker well they can just completely excommunicate you from

01:06:25.640 the entire banking system and if cash is banned and you don't have any purchasing power outside of the

01:06:31.560 system you're done you're absolutely done and you can't take that that purchasing power and go down

01:06:37.480 to columbia because again it's trapped within the banking system that goes back to that kissinger quote

01:06:43.080 and it's coming guys it's not like it's not going to come i mean george just gave you a very simple

01:06:47.800 way of how they're going to force it on the uh citizens of a country and the part that he that

01:06:54.040 he didn't touch on was like the programmability of the money so so if you've got a climate crisis for

01:06:59.800 example and you know you've received your central bank digital currency and you want to go get your

01:07:04.600 groceries but you've uh extended your carbon credits for right meat let's say at the checkout when you

01:07:11.800 try to check out with that steak they may deny you the purchase of that and hand you a bag of crickets

01:07:16.840 or bugs instead because that's what you've uh been deemed to only be acceptable to eat at that point in

01:07:22.760 time and that might tie in your social credit maybe any number of ways that that comes but carbon

01:07:27.320 credit score you know mastercard has already come out with a credit card that does that in fact this

01:07:32.280 is on the world economic form forms website it's one of their corporate partners the group that's

01:07:37.880 doing this for mastercard and this specific card tracks your your carbon score monthly based on what

01:07:45.480 you buy so if you buy more diesel fuel if you buy more hamburger than you buy lettuce or something like

01:07:51.880 that it it it tracks your your score there so to your point if you get to a certain level and the

01:07:58.520 government deems that inappropriate then they just cut you off or you know another thing they do rich is

01:08:04.680 if they want to increase velocity let's say bail out the government debt let's say the government's at 150

01:08:09.640 debt to gdp and they need to inflate their way out and they can't create the inflation they need like japan

01:08:15.880 uh just and remember inflation is just stealing purchasing power from the poor and middle class

01:08:21.560 what they can do is they say okay here you're here's your stimmy check or here's your fed bucks

01:08:26.840 for the month uh now you've got to spend this within a week or else it disappears and so people run out

01:08:34.920 spend it that gets velocity increasing that increases the rate of inflation which uh again lowers the debt

01:08:42.920 burden for the federal government although through the rate of inflation and since people's wages

01:08:49.160 don't go up at the same rate it decreases the purchasing power of the average joe and jane and

01:08:55.080 you know that's on a side note that's one thing that we're seeing play out right in front of our eyes

01:09:00.680 right now with the uh the society in the united states we are getting far far poorer uh just almost

01:09:08.680 every single month because you get inflation going up at let's just say eight percent per year and it's

01:09:14.680 a lot higher than the government would admit but wages are only going up at five percent so if wages

01:09:20.440 are only going up at five percent if real inflation is at 15 that's a ten percent delta per year and you

01:09:26.600 compound that over five years and that means people's uh real wages are being decreased significantly

01:09:35.800 and the government is doing that intentionally to bail themselves out so they can pay back their

01:09:40.360 debt with cheaper dollars what is the hedge against that is it is it bitcoin i think commodities are a

01:09:46.680 great hedge against that again i just keep beating this drum but going back to what we're saying i think

01:09:51.240 you have to as with the world economic forum and whatnot you have to have some sort of purchasing

01:09:56.600 power outside the banking system and i think that that's one of the main reasons i like bitcoin i mean

01:10:02.360 long term i'm pretty bullish when it was up at 45 50 60 i i was saying i'm definitely not adding to

01:10:08.280 my position right now because i just saw hysteria everywhere you know bitcoin's going to a million

01:10:13.000 you know the cab drivers talking about it the the you know the uh the shoeshine boy you know talking

01:10:19.160 about the 1920s with stocks they're talking about it and i i don't like to buy it so i like to wait for

01:10:24.840 panic so it's come down quite a bit now i still would like to see a little more panic i always tell

01:10:30.680 people that my trigger to add to my position is when michael saylor has to sell uh apparently there's

01:10:38.520 no circumstance in which they would have to sell their bitcoin is what he said yes he says that now

01:10:43.720 we'll see but uh but my point there is regardless of the price action of bitcoin i think you've got to

01:10:50.120 own a little bit of it just to have that purchasing power outside of the banking system in case you become

01:10:56.440 the next uh or your group becomes the next set of truckers uh i also love physical gold for that

01:11:03.720 reason and another thing that's kind of uh off most people's radars that's fantastic purchasing power

01:11:11.720 outside of the system are rolex watches yeah and uh if you can get a good rolex you know james cameron or

01:11:18.920 you know if you can get the the all gold submariner i mean that's 40 grand of purchasing power that you

01:11:24.360 can just slap on your wrist in a moment's notice and get on a flight to argentina or something so

01:11:30.920 if you have you know let's say five of those in your bag you got a couple hundred grand in purchasing

01:11:37.080 power that gives you a lot of flexibility and a lot of freedom and a lot of purchasing power

01:11:42.280 outside of the whole claus trudeau biden central bank system that i think they're trying to create

01:11:49.080 cool all right well let's let's clean up these uh super chats and then we'll wrap uh wrap up so

01:11:54.760 we've got uh brado says our 40-year mortgage is coming what will all that mean i don't know if

01:12:02.280 40-year mortgages are coming but i think they will try to come up with schemes to prop up housing market

01:12:09.880 if it goes down in nominal terms so right now the game the fed is playing is they're trying to bring

01:12:15.640 down the cpi or headline cpi without increasing rates so they sit there and talk tough like paul

01:12:22.280 volker but at the end of the day they've only increased rates to 75 basis points and that's

01:12:27.560 that's nothing because they know that they can't take rates to two percent three percent without

01:12:33.160 completely crushing the economy because the debt is so high the sovereign debt the corporate debt and the

01:12:40.120 consumer debt so they're trying to talk down asset prices like the stock market like the housing

01:12:47.320 market to bring down cpi so my point here is that the united states and most people in general for

01:12:53.800 some reason there's this big disconnect between asset prices and consumer prices so they like uh asset

01:13:00.120 inflation but they hate consumer price inflation as though if they're not as though they're not connected

01:13:06.360 somehow right so my point is even if we have high higher cpi i think they'll still try to prop up

01:13:12.360 the market if uh nominal prices start to slide 40-year mortgages could be a way they do that another

01:13:19.720 thing that they're proposing in australia right now is the government just buying a 40 equity position

01:13:25.400 in your house i don't know if you heard about that rich but no it's new yeah so if you can't afford

01:13:30.200 the high prices of a house well instead of adding supply and letting the free market work the government

01:13:35.080 is saying we'll buy 40 of your house right when you buy it so we'll take a 40 equity position and

01:13:42.520 then you'll only have to make the monthly payments on 60 percent and they say when when housing prices

01:13:49.400 go up and you decide to sell then you can just when you know at the sale point the title company you

01:13:54.600 can just pay off the government their 40 position the government will make money you'll make money and

01:13:59.800 you have these super super low monthly payments what they don't tell you is if prices go down

01:14:05.720 you know your equity position gets wiped out immediately if you can't make those mortgage

01:14:09.480 payments especially because down there all the uh loans are adjustable rates so if rates go up

01:14:14.920 then who does that house go back to goes right back to the government and then they own all the housing

01:14:20.520 stock all the sneaky ways the government tries to move itself into your life it's just it's just

01:14:26.680 never-ending like i don't see that's like reagan's or was it reagan or milton friedman that said

01:14:32.440 you know the the scariest i'm paraphrasing but they said the scariest thing that can happen to

01:14:37.720 you is when the government shows up at your front door and says we're here to help yeah well i mean

01:14:42.600 they're basically saying that we've you know we've become a partner in your in your family wealth if

01:14:48.200 you're going to take a 40 position in your business i mean you know just about to say like 0.99

01:14:52.120 i don't swear that often in my cast but the government can just fuck right off when it comes 0.74

01:14:55.800 to getting involved in our lives agreed is the way that i see it agreed um ernesto says international 0.83

01:15:01.720 stuff is making waves of course but are the economical effects of the aging boomer generations worth 0.93

01:15:06.600 considering moving forward for example sales of their homes stocks etc yeah that's a great

01:15:12.440 cross current that uh ernesto is talking about and we have to understand that with inflation deflation

01:15:18.600 stocks going up or down housing prices going up or down there's always uh forces on both sides

01:15:26.040 right there's tailwinds for the housing market there's headwinds for the housing market one of

01:15:29.720 the main headwinds is the the demographics that he's referring to now a tailwind that might counter that

01:15:37.560 would be the government coming in and doing one of these programs or just universal basic income

01:15:42.440 you know sure you've got a demographic problem but if you don't want deflation we'll just send

01:15:47.080 everybody two thousand dollars a month and and make them spend it within two weeks and uh you're going

01:15:52.920 to have a lot of inflation even though you've got the baby boomers retiring right so uh there's ways 0.98

01:15:59.800 around that and i think the government has looked at japan over the last 20 years in this in the central

01:16:05.880 banks and said to themselves okay what did they do wrong why could they not create inflation and when

01:16:11.240 you look at it it's pretty obvious what they did wrong and now they have the technology to make

01:16:16.600 sure that doesn't happen again especially if we have a central bank digital currency

01:16:21.400 okay and we got uh you don't think shanghai is in sorry is intentional to slow economical growth

01:16:28.520 through the largest part of the us i think that's another thing that could be going on there it's a

01:16:32.200 great point is if you want to basically uh have a subtle weapon against the united states and pretty much

01:16:39.400 the global economy just shut down shanghai and shut down the port there uh when china supplies so

01:16:46.760 many of the goods that we use in the global economy uh it could be just you know they're sending a shot

01:16:53.800 across the bow to all these other um uh domestic economies like the united states and the uk and the eurozone

01:17:02.360 australia saying hey this is the power that we have this is what we can do to your local in uh

01:17:09.000 to to local inflation in your area and this is a big message to the politicians because they know

01:17:15.720 that that is political kryptonite the fastest thing you can do to not get reelected is have consumer

01:17:22.280 prices increase have the price of gas go from three dollars a gallon to five dollars uh it doesn't matter

01:17:28.840 no matter what side of the aisle you're on you're not going to vote for that guy or that gal so this

01:17:33.480 could be china's way of doing that uh it could be china's way of conditioning their society to be

01:17:40.920 prepared for life with fewer resources if they have to go to war uh it also could be a way of china just

01:17:48.200 saving face right because they've got to manage 100 1.5 billion people and they have this authoritarian

01:17:54.760 approach and they can't show weakness so if you put all your eggs into the lockdown basket

01:18:03.160 if you have further spikes in the cervasus sickness you have to go back to locking down

01:18:08.600 you can't admit that you were your you can't not do it because then you were admitting that you were

01:18:13.560 wrong to begin with and then if the 1.5 billion people if they see superman bleed

01:18:19.560 then all of a sudden maybe maybe he's human and you start seeing a lot of the protest a lot

01:18:25.960 of civil unrest so that could be another component of their strategy as well as they're just trying to

01:18:32.040 save face so they can continue to take this authoritarian approach with the population

01:18:38.280 next one is george you think the americans canadian relocating to locations with lower costs of living

01:18:43.400 like columbia is a wise move considering the upcoming economic collapse rising inflation and increased

01:18:49.160 increased cost of living i do i mean that's what i'm doing in my own personal life so i'm in miami

01:18:54.600 right now uh to be honest with you i don't like spending a lot of time here because i know russia has

01:19:02.760 nuclear subs that are superior to our technology probably 20 miles off the coast uh the u.s can't see

01:19:11.800 and i i you know although that's a very very low probability i wouldn't lose sleep over it

01:19:15.880 um i i don't like being in the line of fire so to speak and another thing i'm very concerned with

01:19:22.520 the united states is uh food shortages so that's why i like to spend time in columbia medellin where

01:19:31.400 you've got all the food that's grown within probably five square miles of the city uh where you're not in

01:19:37.720 the firing line between potentially the united states and and russia and you can just sit back from a

01:19:45.320 distance enjoy fantastic weather fantastic food fantastic people uh women maybe more specifically

01:19:54.840 and uh just a great cost of living and enjoy life and uh it allows me i think to be in a better state

01:20:02.120 of mind where i can be more productive as well um just uh shout out uh jumped jumped in on luke what's

01:20:11.640 luke luke luke oil okay uh okay and followed to that i was told once they'd never get rid of cash

01:20:18.280 politicians like bribes

01:20:22.360 yeah well it's a good point there yeah there's a again there are a lot of different cross currents at

01:20:27.080 play remember there's rules for different uh set of uh you know like the elites right so yeah the rules

01:20:33.560 are for thee and not for me yeah uh repeal korea any advice for asian south korean who wants to invest

01:20:39.160 it with dollars well again i'd look at commodities i'd set up an ib account with interactive brokers

01:20:46.840 and i'd look at some of those coal companies uh i'd look at the sprot uh uranium trust i would look at

01:20:54.200 uh let's see dollar i mean you want dry powder you're probably best to go into t-bills just short

01:20:59.240 term and roll them over um and then maybe wait for dollar assets to get cheaper uh like the stock market

01:21:06.440 if we have a recession um that that's probably what i would i mean that's what i'm doing in my own

01:21:11.720 portfolio is i have a much much much larger cash position than i usually have i still have some

01:21:20.200 real estate still have hard assets and whatnot but there's a large portion of my portfolio that's just

01:21:25.240 straight cash and i although i'm losing purchasing power to the stuff that i can buy in the united states

01:21:31.560 i think that i'm going to be gaining purchasing power just kind of placing a bet that we go through

01:21:36.360 a recession in the next 18 months and stock prices go down to a point where there's panic in the market

01:21:43.240 and i can get them on the cheap got it okay then these will be the last two so no more super chats

01:21:48.280 guys uh brado says how long can they still prop up the housing until the crash can they prevent

01:21:53.400 such a crash indefinitely with the programs you mentioned uh not indefinitely because at some point

01:21:58.920 in time there's there's no free lunch you got to pay the fiddler but if you look at canada if you

01:22:03.160 look at all the crazy programs they've come out with in australia i mean i don't see why the united

01:22:08.760 states can't do the exact same thing and especially if the fed starts issuing debt and mortgages uh you

01:22:15.640 know on their balance sheet where they don't have to worry about being paid back i definitely think

01:22:20.040 they've got more uh tools in in the central bank bag to try to prop up the housing market will it work i

01:22:27.640 don't know what to see all right and then the last one before we wrap up tim says just sold my home

01:22:32.440 and bought 50 acres of land in the country i have 130 000 in the bank was planning to use that plus

01:22:37.400 200k mortgage to build a home would you recommend holding off the building and shop house sorry

01:22:42.760 building a shop slash house cash debt free yeah it depends on how secure your income is so if you've

01:22:49.800 got a super steady source of income that's recession proof and you're positive that you can make that

01:22:56.360 mortgage payment it might make sense but the thing i where i hesitate there is uh you could get stuck

01:23:04.040 if your income gets put on hold now you've got this mortgage payment and you're buying a property

01:23:09.480 that doesn't necessarily cash flow uh if your property cat like if you had an airbnb or bed and

01:23:15.320 breakfast on the property i would like that a lot more because then you're paying off the mortgage with

01:23:21.400 other people's money meaning that cash flow is being produced by the asset itself so i would

01:23:27.240 prefer that but i'm not going to tell you not to do it because it's a great plan b it just depends on

01:23:31.320 how secure your income stream is awesome uh george it's been a absolute pleasure and slice to have this

01:23:38.600 conversation with you to let you red pill my audience on some ideas around money and the economy

01:23:44.040 and what you see going on if you guys like george's take on things um go and subscribe to his youtube

01:23:50.040 channel george gammon and his other youtube channel rebel capitalist uh this is all he talks about he also

01:23:56.760 holds uh events uh in real life events so you know you can check those out as well yeah rebel capitalist

01:24:02.920 live is the next one it's it's miami june 24th through the 26th and we got doug casey we got kiyosaki

01:24:09.400 he's going to be there jeff schneider brent johnson uh it's going to be a blast so you guys can check

01:24:13.960 it out at rebelcapitalist live.com anything else you wanted to shout out to before we wrap up

01:24:18.360 no that's it i appreciate you having me on rich it's always a pleasure to talk to you i can't wait to

01:24:23.560 get you down to one of my events or a mastermind group and say hello face to face grab a beer and

01:24:28.120 talk cars we'll do it brother we'll do it soon thanks and a guy and again and again guys give that uh

01:24:34.680 thumbs up a quick hit and uh thanks for watching today

Playing to Win - May 28, 2022

068 - What’s Up With The Economy？？？

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