00:00:00.000Hey everybody, crashflation is coming.
00:00:02.000Chris Mortensen joins us to talk about monkeypox, lockdowns, inflation, and what you can do to be resilient, anti-fragile in a time of economic uncertainty.
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00:01:20.000I'm afraid that we are heading towards something that I am coining as crashflation, not stagflation.
00:01:27.000And I don't think it's going to crash immediately or overnight.
00:01:31.000I think it's going to be a kind of a slow-motion car crash over a period of time.
00:01:39.000It's going to be happening day by day and month by month where we kind of look around and we say, wait a second, what just happened over the last year?
00:01:48.000I think it's going to be different than the 2008 financial crisis, which was abrupt and it was quick and it was dramatic.
00:02:42.000It's bad enough to have an economic crisis, but at least when you have an economic crisis and you don't have inflation, you have some monetary levers that you can pull to get the economy stimulated again.
00:02:54.000But if you have an economic crash and no growth and you have a ton of dollar bills out there, which we do, then you are left with no good options.
00:03:04.000We believe this is economic destruction that is intentional to try to reset our currency and bring us in a direction of a one-world type government.
00:03:16.000We believe it's done with the intent of redefining the entire economic order as we know it in the West.
00:03:26.000Play Cut 6, Jake Tapper, as recently as six months ago, you were calling inflation a short-term problem and not a long-term problem.
00:03:33.000And then the Commerce Secretary, Gina Raimondo, responded, play cut six.
00:03:38.000You heard Secretary Yellen this week said she got it wrong about inflation.
00:03:43.000In July, you told Bloomberg that inflation would be temporary about a year ago.
00:03:47.000As recently as six months ago, you were calling inflation a quote short-term problem, not a long-term problem.
00:03:57.000So clearly we are, and Americans are struggling with inflation, but I don't think anyone predicted Putin's war in Ukraine or various other things that have happened that have been unexpected.
00:04:10.000I still think, you know, we will get inflation under control.
00:04:14.000We just have to stick with it and see it through.
00:04:17.000Yeah, we just have to stick with it and see it through.
00:04:21.000This comes after Elon Musk says, quote, he has a super bad feeling about the economy and wants to slash Tesla jobs.
00:04:28.000Tesla CEO Elon Musk has a super bad feeling about the economy and wants to cut roughly 10% of jobs at the electric car maker, he said in an email to executives on Thursday.
00:04:40.000The message came two days after the world's richest man told employees to return to the workplace or leave the company.
00:04:45.000Tesla employs around 100,000 people in the company and its subsidiaries at the end of 2021, according to an annual SEC filing.
00:04:53.000Add that to Jamie Dimon and Goldman Sachs president John Waldron, who said, quote, a hurricane is right down out there down the road coming our way.
00:05:04.000You know, for all of the kind of self-righteous economic analysts, this is going to be a massive wake-up call for them.
00:05:16.000If the economy craters and you also have inflation, there's almost no good options.
00:05:21.000You have to then endure a time of suffering, of realignment.
00:05:31.000And I'll say this, that a lot of people that have grown used to kind of the cheap money craze, the sugar high, if you will, as we call it on this program, there's going to be a massive economic wake-up call for people.
00:05:45.000I'm telling you right now, I think by a year from today, there will be hundreds of thousands of less small businesses.
00:06:06.000And a lot of this was the creation of both Republicans and Democrats who passed these ridiculous spending bills, $5 trillion of unnecessary additional federal spending that was done by Republicans because of our reaction to the China Fauci virus.
00:06:23.000Jamie Dimon is saying there's an economic hurricane coming our way.
00:06:31.000And we've been predicting this at every corner.
00:06:33.000And it could be worse than anything that people imagine.
00:06:36.000You might say, Charlie, that sounds pretty awful.
00:06:38.000You know, where's the optimistic turn?
00:06:39.000The optimistic is that those you should, if you are a good businessman and you know your product and you know your employees and you know your bottom line and you haven't borrowed a lot of money, recessions can be very good for you.
00:06:53.000They could be good because it can make you tougher.
00:07:05.000In fact, I think it was Bill Maher that did that, who said that a recession is actually going to help us get rid of Donald Trump.
00:07:12.000Elon Musk says the U.S. is in a reception, is probably in a recession that could last about 18 months, adding that, quote, recessions are not necessarily a bad thing.
00:09:22.000But because of the inflation aspect, though, because there's so many dollar bills out there, there's so much liquidity with low growth, the worst combination will occur.
00:09:31.000So rich people will just start buying up more assets.
00:10:48.000In great detail throughout the years, about social media companies, about how much power they have, and how there's almost two governments in America, the government of Washington, D.C. and the government of Google.
00:11:00.000And we've said for quite a while that the Democrats, they have a bargain with these tech companies, and they will only lay off the tech companies as long as they are useful to what they want America to become, which is a dystopian nightmare where the rich and the elite rule everything and the middle class is destroyed.
00:11:18.000There'll be abortion clinics on every corner, drag queen story hour in your schools.
00:11:22.000The population will be largely illiterate.
00:12:18.000Because we're a center-right nation starving for content in this kind of nonstop albatross or seemingly unending albatross of left-wing garbage.
00:12:29.000And so, what we have, and what is growing at a quick rate, or has been the last couple of years, is Democrats trying to basically win over, I'm sorry, tech companies trying to win over Democrats.
00:12:41.000So, this was Zuckerberg doing the $400 million to the Center for Technology Civic Life, which paid for ballot drop boxes and paid for mass mail and voting to be possible in many of the key battleground states.
00:12:56.000But we're starting to see a tone change where all of a sudden Democrats, they're not comfortable or happy with just being an alliance with these tech companies.
00:13:05.000Now, they want to use state power to be able to silence conservative speech that they don't like because they don't think these tech companies are doing enough to shut us up, to do enough to kick us off these platforms, despite I having going through multiple the bans of Twitter and the shadow banning on YouTube and Facebook.
00:13:23.000But listen to Dan Pfeffer, or whatever his name is, how you say last name, saying that the right-wing media advantage is so much more powerful.
00:13:32.000Congress has to step in and regulate these algorithms that are pushing this disinformation for profit.
00:13:40.000The problem around this is getting worse every single day.
00:13:43.000The media, the right-wing media advantage, this disinformation profiting operation is so much more powerful now than when I worked in the last year.
00:13:58.000We have to invest in building up our own megaphone to compete with Republicans.
00:14:02.000We need to invest in progressive outlets.
00:14:05.000The media, I think, a lot of people maybe have to rethink how they deal with people who lie for a living.
00:14:09.000And then the social media companies have an obligation to do more.
00:14:12.000We can't rely on them to do it on their own.
00:14:13.000And so this is where Congress and the regulars have to step in to think about how we regulate these algorithms that are pushing this disinformation for profit.
00:14:21.000Okay, there's so much there to unpack.
00:14:23.000I actually find that segment to be super useful.
00:14:25.000I mean, I think it's insane to say that we have a right-wing media advantage in our country.
00:14:29.000But in their own words, it is kind of illuminating, isn't it, that they think they're losing the narrative war.
00:14:36.000It's kind of shocking where they're going on MSNBC.
00:14:39.000And I think that guy actually hosts Pod Save America, isn't it?
00:15:42.000New York Times number one, NPR two, then Ben Shapiro, then Matt Walsh, then some sort of irrelevant band thing, then serial, NPR, then the Daily Wire, then Dan Bongino, then Glenn Beck, then the Charlie Kirk show at number 11, NPR Pod Save America, some non-political one, and then Megan Kelly.
00:16:02.000So that is one, two, three, four, five, six, seven out of 15, right at 50%.
00:16:10.000That, and then if you look at the, it's like seven out of 13, you got the non-political.
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00:16:39.000Dr. Chris Martinson is a toxicologist, pathologist, and founder of Peak Prosperity, a great website and strategic advisory council member at the Unity Project.
00:16:48.000Dr. Martinson, welcome back to the program.
00:16:51.000Charlie, it's so good to be back here with you today.
00:16:54.000I want to ask you a little about economics too later in our conversation, but off kind of off the bat here, what is going on with this monkeypox deal?
00:17:02.000Why is the media all up in arms over it?
00:17:05.000And what should we know that the media is not telling us about monkeypox?
00:17:09.000Well, this is a big manufactured sort of fear hysteria thing.
00:17:13.000They're just riding on the wave of the last virus and they're turning the same crank, I think.
00:17:18.000From an actual health standpoint, what do we know about this?
00:17:21.000There's 1,100 cases worldwide, but looks like it might have been circulating for a while.
00:17:26.000And it looks like it mostly only transmits between humans who have very close contact, which they've chased this down to a couple of raves.
00:17:35.000And as well, it looks like gay sex seems to be a strong way to get this passed along.
00:17:40.000So it's not expressing itself like we saw with a respiratory virus, which passes easily and asymptomatically somewhat between people with a very high, what's called an R naught.
00:17:51.000This thing doesn't transmit all that easily.
00:17:53.000In fact, it seems like it should be not that hard to avoid because it only passes with people who are symptomatic.
00:17:59.000Hopefully in this day and age, we know not to engage in close behaviors with people who are symptomatic.
00:18:05.000Do you think this was tweaked via gain of function in a laboratory or do you think this came about naturally?
00:18:45.000That thing is a complete, obvious Frankenlab creation.
00:18:48.000Okay, so I want to ask you now about the WHO, which had the meeting recently and looks like there was a significant setback, but it looks like the WHO is going to start to double down coming into these upcoming meetings.
00:19:03.000So it might have been a temporary victory for those of us that love liberty and sovereignty.
00:19:07.000Can you walk our audience through the battles to come?
00:19:10.000Yeah, look, the WHO obviously wants more power.
00:19:13.000It's ridiculous that anybody would consider giving it more power, except under the fail upwards principle, right?
00:19:19.000So this is the same WHO that failed to call the coronavirus a pandemic for a month and a half, that failed to even weigh in on appropriately blocking flights out of Wuhan to going globally at a time when even China was blocking those flights domestically back in January and February of 2020.
00:19:36.000So, this is an organization that has failed, failed pretty miserably, is not up to the task, and yet wants more power for that.
00:19:43.000The mysterious part, Charlie, is so many people, mostly in Western nations, seem very eager to give that power over to the WHO.
00:19:51.000Although, as you just mentioned and hinted at, it's not going all that well.
00:19:53.000A lot of countries not on board for this ride so far.
00:20:00.000And so, as we dive into this, so the in the fall, it looks as if they have another meeting or an attempted United Nations meeting.
00:20:09.000Can you kind of also just reinforce how significant kind of their loss in Geneva was, what they were trying to do?
00:20:17.000And it seems as if shining a light on them and the increased public relations campaign that happened around their meeting in Geneva, I think it made a significant difference.
00:20:27.000And I'm glad to say that a lot of countries didn't go along with their agenda.
00:20:31.000So they did have a pretty big setback.
00:20:33.000I think they were hoping to really just get this thing rammed through, but what, maybe four-fifths of the world's population basically said no to that at this point in time.
00:20:41.000So this is really starting to shape up, Charlie, a lot like this is really Europe and the United States, plus its proxy countries.
00:20:49.000Let's call that Canada, Australia, New Zealand, seem to really have an agenda here that they want to push.
00:20:54.000And the rest of the world is not as excited for that agenda.
00:20:57.000And I think the WHO is just reflective of what those countries really want at this stage.
00:21:03.000And I'm glad to say countries aren't going along with it because what they're proposing is basically to remove sovereignty and sovereign nationability from countries making their own decisions about what's best and what's right.
00:21:16.000If that had happened, Sweden wouldn't have been able to do what it did back when it decided to approach Corona the way it did.
00:21:22.000And now it has the best statistics in all of Europe.
00:21:25.000So I want to now shift gears to economics, which is something you write a lot about on your website, peakprosperity.com.
00:21:40.000I think that it's important that we kind of connect all these otherwise, let's say, isolated dots on the graph where some people will kind of silo off COVID and kind of how we responded to it.
00:21:53.000And now, of course, we have inflation.
00:21:55.000Can you talk about how the hysteria around COVID, the lack of administration of early treatments, actually is largely to blame for our inflation crisis because our politicians, being the weak-need people they are, they took the bait from the media and then decided to create five to seven trillion dollars of additional federal spending.
00:22:13.000Can you walk our audience through that?
00:22:15.000Yeah, unfortunately, you know, this is a little bit of a complicated story, but I think it's really worthwhile for people to know because once you can connect the dots, as you say, I think you have a chance of understanding the environment we're in and what's likely to happen next.
00:22:27.000So really, this story begins, you know, decades ago, but let's just go back to September of 2019.
00:22:33.000We were seeing this extraordinary blowup in the financial markets.
00:22:36.000A little bit wonkish, but it was something called the repo markets.
00:22:39.000We're seeing the overnights rate blow up.
00:22:41.000The Federal Reserve is starting to print.
00:22:42.000They're looking for a reason to really print.
00:22:45.000And then COVID comes along and it gave them the perfect excuse to really print.
00:23:06.000And then, of course, we have the supply chain hiccups, which were very easy to see in a complex global environment where all, you know, you need this part here so you can make that part so this can happen.
00:23:17.000And before that can happen, it's very obvious that the supply chain hiccups we saw where we basically half the world's manufacturing got taken offline in a two-month period around China.
00:23:27.000That obviously was going to have impacts, but the clueless people allegedly at the Federal Reserve kept saying, oh, you know, we didn't see that coming.
00:23:34.000You saw Janet Yellen just say, I had no idea.
00:24:02.000Okay, yeah, that was the height of it.
00:24:04.000September of 19, we started to see, and as you say, it's kind of wonkish, but kind of a disturbance in the force of an artificially kind of created economy.
00:24:12.000But this has kind of been a Potemkin village built on kind of artificial fiat currency for a long time now.
00:25:15.000And it's just, it's just the amplitude of these corrections are getting larger and larger and the interventions have to get larger and larger.
00:25:23.000So since the great financial crisis, the big three central banks in the world have printed $20 trillion and poured those into the financial markets.
00:25:33.000And everybody was happy because it was mostly just going to financial markets.
00:25:36.000So Hampton's houses got expensive, Gulfstream 650s, Gems, where the place where the money goes is where inflation happens.
00:25:48.000And I think the Fed's in a really dark spot right now because they have actual inflation they can't control and they risk this Potemkin village of a market crashing completely and taking a lot of stuff down.
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00:27:14.000So our audience gets really anxious about kind of talks about economic apocalypse, and I don't blame them.
00:27:22.000What can they do to empower themselves to make prudent choices so that a recession doesn't scare them, but they're ready for whatever comes next?
00:28:42.000That's, I think, going to be a poor determinant of success for this time we're coming in because, hey, decades of mistakes, Piper has to be paid.
00:28:50.000Now, if you listen to MSNBC, though, they're going to try and keep you Wolf of Wall Street style.
00:28:56.000You know, you're in the market all the time.
00:29:35.000And if you look at what happens before and after in Weimar, Germany, for instance, big crash, people are wiped out, books are written, middle class destroyed.
00:29:43.000But there are just as many roads, factories, arable acres.
00:29:48.000The real units of wealth were still there in the country.
00:29:51.000So I want people to get away from the marketing that says wealth is only money and its derivatives and the paper fantasy promise tickets that Wall Street delivers.
00:29:59.000And it's about the real tangible things in your life.