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Speaker 1: Today, the global financial markets are more tied together than

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Speaker 1: any time before in history. It seems like everything in

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Speaker 1: the world is moving together, the economies, the financial markets,

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Speaker 1: the medical problems and situations that we're dealing with, and

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Speaker 1: so much more. And I talk a lot about the

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Speaker 1: federal reserve of the dollar is the reserve currency of

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Speaker 1: the entire world, and so that's why I do that.

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Speaker 1: But today I'm joined by an international guest, somebody who's

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Speaker 1: been to over sixty five countries, lived in numerous countries,

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Speaker 1: and can help us tie what's going on in the

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Speaker 1: United States with the rest of the world and give

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Speaker 1: us that international perspective when it comes to real estate

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Speaker 1: in other countries, um economies, jobs, etcetera. And understand this

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Speaker 1: perspective helps us to get a much more complete picture

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Speaker 1: of where we're at currently, but what to expect in

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Speaker 1: the are in their future, and even how to prepare. Uh.

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Speaker 1: He gives us a lot of that good information. I'm

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Speaker 1: joined by Neil McCoy ward. Um, let's go ahead, jump

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Speaker 1: right into it. Everyone. Welcome to another episode of The

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Speaker 1: Market Disruptor Show. And today I am joined by Neil

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Speaker 1: McCoy a Ward. He's a he's a businessman. It's TEO

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Speaker 1: of a group of companies that are in the real

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Speaker 1: estate market, but he's probably more better known as a

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Speaker 1: macro financial market analysts on YouTube talk to a lot

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Speaker 1: of the topics that I talked about, but with an international,

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Speaker 1: um kind of outlook on it. So I'm super excited

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Speaker 1: to talk to you today, Neil. Thanks so much for

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Speaker 1: joining us. Yeah, you might welcome. Thanks for having me on. Yeah, so,

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Speaker 1: I know, uh, you know, you do a lot of

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Speaker 1: different things, as as we've talked about, UM, but you

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Speaker 1: have this unique outlook. You've lived abroad, you know, international,

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Speaker 1: you've lived in the United States. Um, why don't you

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Speaker 1: just give us like a little bit of background on

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Speaker 1: on you and what you're doing right now to give

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Speaker 1: us that perspective. Yeah. So, I mean just before we

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Speaker 1: jumped on and recorded this, I was saying, I mean,

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Speaker 1: play a Delta m and then Mexico right now. And

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Speaker 1: before that, I was in Costa Rica different places from

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Speaker 1: Tamarindo to San Jose, etcetera. Before that, I was in Florida.

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Speaker 1: Before that in Kentucky and California. So I tend to

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Speaker 1: travel a lot. I mean, this is my sixty eight

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Speaker 1: country now, I've been trying to stay out of the

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Speaker 1: UK and the US as much as possible at the

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Speaker 1: moment with everything just going on. You know, a lot

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Speaker 1: of if people are watching your channel, then I don't

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Speaker 1: need to sense of what I say here. But there's

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Speaker 1: a lot of crazy stuff going on in the world,

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Speaker 1: and it's it's and you know, like like yourself a

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Speaker 1: student of history, When I look at everything that's happening,

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Speaker 1: all the patterns and trying to link it together, the

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Speaker 1: developments that I'm seeing are very worrying to me. So

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Speaker 1: I just wanted to be away from that for a

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Speaker 1: little bit, just so I can observe from the outside

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Speaker 1: because when you're in it, because like most things, you

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Speaker 1: don't see. You have these blind spots. You don't see

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Speaker 1: what's going on. You don't see the development and how

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Speaker 1: rapid things are happening. So that's who I am right now. Um,

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Speaker 1: still doing my day job, you know, as a see over.

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Speaker 1: The Forward Thinking Group still do that three days a week.

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Speaker 1: Used to be six days a week. Obviously with everything

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Speaker 1: that's happened over the last year, that's gone down. So

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Speaker 1: running the YouTube channel and all the other platforms and

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Speaker 1: things like that, that I do. Yeah, yeah, and uh,

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Speaker 1: you know, so I know we were it seemed to

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Speaker 1: be looking at a lot of the same things. Um,

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Speaker 1: as you said, you know, people might channel know we're

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Speaker 1: doing a lot of crazy stuff, and so, um, I

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Speaker 1: see that we're both kind of seeing the same events happening,

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Speaker 1: like I said, but maybe from a little bit different angles.

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Speaker 1: So I'm excited to dig into those things today, like

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Speaker 1: I said, with maybe a little bit more of a

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Speaker 1: global fair flare to it. And I know, um specifically,

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Speaker 1: what let's start, you know, just talking about the macro

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Speaker 1: financial picture overall. And I spent a lot of time

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Speaker 1: talking about the Federal reserve um, the dollar, it's the

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Speaker 1: reserve currency of the world, and it drives the world markets.

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Speaker 1: But at the same time, there's lots of other things

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Speaker 1: going on out there in the world. So maybe just

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Speaker 1: give us kind of this global macro picture that you

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Speaker 1: see right now, with you know, inflation running at at

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Speaker 1: at a sky high rate, you know, debt levels at

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Speaker 1: levels that you know seem like they're you know, can't

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Speaker 1: really go any higher. Kind of what's your what's your

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Speaker 1: overall look and see how things are going right now? Yeah? Yeah, sure,

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Speaker 1: what's interesting what you mentioned about inflation there, because just

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Speaker 1: before jumping on this video, I was just looking through

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Speaker 1: my comments on my YouTube channel and someone said, oh,

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Speaker 1: you called it fifteen months ago. So I was like,

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Speaker 1: what need you know the time stamp? And I forgot

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Speaker 1: I'd said this, but fifteen months ago when the QUEI

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Speaker 1: started the quantitative easing and all the trillion, you know,

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Speaker 1: the all the money print currency printing, not money printing.

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Speaker 1: I don't like to say the word money printing because

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Speaker 1: it isn't money printing. In fact, they don't even print,

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Speaker 1: They create it digitally. But I went back and looked

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Speaker 1: and what I said in that video was that for

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Speaker 1: every round of QUI they do give it twelve eighteen months,

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Speaker 1: and you're going to see um an equivalent rate of

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Speaker 1: inflation going into the monetary supply, because that is how

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Speaker 1: it works. And again we get into these arguments with

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Speaker 1: does que get into the money supply and things like that. Yes,

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Speaker 1: for the most part, it does. You know, we could

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Speaker 1: go back and forth and debate that, but sometimes these

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Speaker 1: YouTubers they say, none of this que E gets into

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Speaker 1: the currency supply. Well, let me just give you an example.

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Speaker 1: How can you print or you know, and it was

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Speaker 1: printing all of the currency and then giving stimulus to

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Speaker 1: people and all the other the benefits and packages that

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Speaker 1: happened ever last year. So people actually get the dollars

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Speaker 1: in their hands. How can people say that is not

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Speaker 1: que getting into the the economy. Obviously it is. I

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Speaker 1: don't know where you know, people get get these ideas from,

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Speaker 1: but this is what's going in. So what we're seeing

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Speaker 1: now in terms of inflation, I've been tracking for a

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Speaker 1: long long time. My opinion hasn't really changed on it.

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Speaker 1: The inflation is going to keep going on as well,

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Speaker 1: but I don't see hyper inflation. Yes, it could happen

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Speaker 1: if you get to that point where the federal reserves say, okay,

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Speaker 1: we've got two options. We're in a liquidity trap. We

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Speaker 1: either keep doing QUEI and keep it going, but there's

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Speaker 1: even a limit to quis as you know, or they

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Speaker 1: raise interest rates. There aren't really that many of the options.

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Speaker 1: Although what do we have. We have this wildcard right now,

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Speaker 1: which is the cb d C. I've seen that You've

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Speaker 1: talked about it a lot in your channel. The CBDC

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Speaker 1: is an interesting one, and right now I have theories

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Speaker 1: on what might happen when it might look like. But

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Speaker 1: I don't think anyone can see with absolute certainty exactly

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Speaker 1: what's going to happen there. But there's a lot of

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Speaker 1: concerning developments that I have around the CBDC. How's it

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Speaker 1: going to run? Will there be social credit scores like

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Speaker 1: they've been trialing in in China? You know what? What

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Speaker 1: how is this going to look? Are they going to

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Speaker 1: run it concurrently with the a U s Dollar as

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Speaker 1: it is today? And then what's going to happen with

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Speaker 1: all the other currencies packed to the dollar? How they

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Speaker 1: you know, there's there's a lot of questions that remain unanswered.

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Speaker 1: But in terms of how I see the global economy

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Speaker 1: right now, we're all inter linked. You know, the the

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Speaker 1: US can't do something without other other countries having to

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Speaker 1: do something with their currencies as well. This is the

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Speaker 1: outvent of globalization. Hey guys, let me just interrupt this

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Speaker 1: interview real quick, just to plug the show sponsor, and

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Speaker 1: that is block Fi. Now. Block five is doing amazing

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Speaker 1: things in the bitcoin finance space. As a matter of fact,

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Speaker 1: they've cracked some really big news by bringing on the

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Speaker 1: x cftc UM chair Chris gian Carlo Um and they

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Speaker 1: are one of the most transparent, most heavily regulated UM

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Speaker 1: companies inside the United States, which gives me a lot

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Speaker 1: of trust into what their services are. Now, I've recently

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Speaker 1: did a video talking about how to retire off bitcoin,

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Speaker 1: and you can do that by leveraging debt and interest

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Speaker 1: against bitcoin. And Block five is the number one company

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Speaker 1: in the United States or maybe in the world to

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Speaker 1: go to and use UM. They are leading the charges

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Speaker 1: or paying interest on your bitcoin if you park it

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Speaker 1: with them, or you can borrow against it. Now, as

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Speaker 1: I broke down in that video, you can borrow against

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Speaker 1: your bitcoin, and when you take debt against it, it's

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Speaker 1: not taxable. It's not a taxable event. You can use

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Speaker 1: that debt for anything that you want, including to live

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Speaker 1: off of to leverage up and buy more, or roll

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Speaker 1: it into another asset. UM. You can do something like

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Speaker 1: I've done recently, like sell some real estate put that

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Speaker 1: money into bitcoin. Now as that bitcoin price has risen,

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Speaker 1: I'm able to borrow against it and go back and

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Speaker 1: buy the same real estate or something similar, and I

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Speaker 1: still own the bitcoin, and I also own the new

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Speaker 1: asset as well. Lots of ways you can do this

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Speaker 1: UM and Block five is the company that I recommend.

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Speaker 1: Down in the description, I have a link that you

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Speaker 1: can click on. If you choose to use that link,

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Speaker 1: you can earn up the two d fifty dollars in

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Speaker 1: bitcoin just for using that link. So check out block

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Speaker 1: fine now. And I think the next time we have

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Speaker 1: a crisis it's going to be even bigger than the

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Speaker 1: last crisis because of the interconnectivity with all of the

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Speaker 1: countries and the banks. Now, yeah, well the next crisis

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Speaker 1: that we're still in it it's not going away. So

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Speaker 1: it looks like I saw today, um uh shoot, I

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Speaker 1: want to say it was a health matter for Iceland.

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Speaker 1: One of those countries over there said that that even

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Speaker 1: with their population um already got the jab we'll call it,

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Speaker 1: that they still see that these restrictions will remain in

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Speaker 1: place somewhere between five up to fifteen years, that's what

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Speaker 1: they said. But anyway, UM, so you know in the

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Speaker 1: United States, I know, you know, about thirty five of

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Speaker 1: all the dollars in existence were created in the last

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Speaker 1: twelve months, and so if you inflate the money supply

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Speaker 1: by thirty then you would expect prices to go up

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Speaker 1: by about thirty percent. And we have right home. Prices

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Speaker 1: are up, um, you know on the year. Um, some

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Speaker 1: prices are like lumber three, and so it's a little

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Speaker 1: bit different. Um, however, can I just jump in on that.

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Speaker 1: So the lumber went up three not for all the

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Speaker 1: reasons people were talking about. They're saying, oh, you know,

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Speaker 1: is this reason that reason? And supply. Part of it

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Speaker 1: was supplied, but part of it was manipulation on the

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Speaker 1: futures contracts, which no one seems to know about. I

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Speaker 1: don't know, I don't know why, but no one, but

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Speaker 1: this is what it was. It was just more manipulation.

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Speaker 1: Like we've seen the silver market and precious metals and

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Speaker 1: all of them. It's pure manipulation. And now so yes,

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Speaker 1: it was at that's back down to seventy percent as

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Speaker 1: we've had all the you know, um, and I'll tell

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Speaker 1: you another thing. Some of the mills I like to,

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Speaker 1: you know, do this sort of in depth research and

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Speaker 1: look at this and sometimes call up people. They were

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Speaker 1: saying that they couldn't get the supply out, Like it

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Speaker 1: wasn't a case of they had no supply. It was

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Speaker 1: stacked up and people like funds had bought this this

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Speaker 1: lumber and they were just saying we'll pay you X

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Speaker 1: amount to store it because they're making money on all

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Speaker 1: the contracts. So it wasn't a case that there was

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Speaker 1: this big supply shortage. They just couldn't get the timber

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Speaker 1: into to actually deal with it. So there's a lot

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Speaker 1: more to that that than meets. And of course now

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Speaker 1: we've had all the supply coming back through, so number

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Speaker 1: still up. Se this has a knock on house building,

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Speaker 1: new house building. What have we seen nineteen point one

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Speaker 1: percent I think it was announced this week down on

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Speaker 1: the new new new home sales and all this everything

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Speaker 1: is interconnected. It's like a giant spider web of globalization.

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Speaker 1: And another thing with the timber that was just talked

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Speaker 1: about this week is now we're having these you know,

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Speaker 1: these huge forest fires just ripping through the US and

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Speaker 1: now they're concerned this is going to have an impact

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Speaker 1: on on timber going forward as well. It's you know,

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Speaker 1: we're living in a crazy world right now. Yeah, it

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Speaker 1: is all connected. It's interesting to see how that works.

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Speaker 1: Um And so you know, we see all those prices

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Speaker 1: going up, and like I said, I kind of focused

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Speaker 1: on that in the United States. But are we seeing

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Speaker 1: I mean, are we seeing that throughout the world, through

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Speaker 1: the UK, through Europe. I mean, prices on all these

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Speaker 1: things are going up, used car prices, home prices, lumber prices.

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Speaker 1: Is this a global thing? Yeah, definitely. In fact, the

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Speaker 1: US hasn't even got the brunt of this inflation. You

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Speaker 1: go to some of the countries in Africa, you go

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Speaker 1: to to Venezuela, you go to Lebanon and some other places. Now,

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Speaker 1: of course, each one is an island and it's health

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Speaker 1: in that. You can't just take it as a whole.

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Speaker 1: There's other things going on in terms of hyper inflation

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Speaker 1: some of those places. But yeah, look at food prices

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Speaker 1: if you go you could go to some countries in Africa.

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Speaker 1: Now there's so many that I can't even name them all.

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Speaker 1: And the food prices some of them have doubled or more.

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Speaker 1: I mean you're talking about one hundred percent inflation in

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Speaker 1: food prices, not ten percent like we're or or you

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Speaker 1: know around that. It depends on the food product, of course,

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Speaker 1: and you can't rely on the CPI because they swap

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Speaker 1: out the different food products and put other ones in

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Speaker 1: a lower Why do they do that, Because you've got

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Speaker 1: to think of it like this. If they tell the

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Speaker 1: true figures on the c p I. What's connected to

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Speaker 1: the CPI the pensions is all the money they're in

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Speaker 1: the pensions to cover the pensions. I don't think so.

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Speaker 1: I think it's somewhere else. So again it's all connected, Yeah, definitely, Yeah,

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Speaker 1: we know the money is not there. UM. So we

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Speaker 1: have all these prices going up, and then we have

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Speaker 1: UM that you know, those are asset that's asset inflation,

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Speaker 1: that's consumer good in prices inflation. But then we have,

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Speaker 1: you know, problems were I think both of us have

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Speaker 1: kind of dug into this where we have worker shortages

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Speaker 1: all across. I know I've been traveling quite a bit

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Speaker 1: as you have, UM, and I recently spent two weeks

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Speaker 1: in Florida going around different places, and many of the

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Speaker 1: hotels I stayed at had to cut down all their services.

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Speaker 1: They couldn't open a capacity, they didn't have room service,

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Speaker 1: they couldn't open the restaurant just because they didn't have workers,

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Speaker 1: which then causes UM employers to have to raise their

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Speaker 1: prices or i'm sorry, the rates they pay, which at

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Speaker 1: leads the more inflation. UM. What are your what's your

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Speaker 1: take on this worker shortages and the government paying people

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Speaker 1: not to work. Yeah, well, if if you'll allow me,

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Speaker 1: I'd like to talk on another point with that as well,

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Speaker 1: which is unemployment scarring. So we'll talk about unemployment scarring

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Speaker 1: and directly after this. So what I see with the

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Speaker 1: worker shortage, all of these bailouts that some of the

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Speaker 1: companies got last year that was supposed to be for

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Speaker 1: you know, the pandemic related um you know, economy and

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Speaker 1: helping things along. A lot of these companies took that money,

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Speaker 1: that bail out money, and they did share buy backs

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Speaker 1: with the money. What should they have done? Research and development,

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Speaker 1: staff training, helping their employees. The bedrock of any company

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Speaker 1: is your employees. You've got to look after your employees.

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Speaker 1: And unfortunately, what we've seen, especially in the United States,

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Speaker 1: it's not as predominant in other in other countries, but

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Speaker 1: it still exists in the United States a lot of

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Speaker 1: the because you have the lobbyists and all this. You know,

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Speaker 1: there's a lot of corruption, although we can't call it

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Speaker 1: corruption of course, but there is all this lobbying and

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Speaker 1: everything else that goes on. It doesn't create this free

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Speaker 1: market economy. So you have all of these huge companies,

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Speaker 1: these monopolies that are just growing, growing, growing, and then

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Speaker 1: you have all the small business owners, the same s

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Speaker 1: small to medium sized enterprises. They have been crashing and

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Speaker 1: going bankrupt in the economy, and this is really where

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Speaker 1: we we we move on to unemployment scarring. So a

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Speaker 1: lot of people don't understand this, but six it depends

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Speaker 1: on the country of employees are employed by the sames,

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Speaker 1: the small to medium sized enterprises businesses. So when you

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Speaker 1: have this huge crash in these businesses and these huge bankruptcies,

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Speaker 1: what actually happens is you lose those employees, so they

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Speaker 1: you know, they they lose their jobs, things like that.

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Speaker 1: Where does most of the spending into GDP come from?

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Speaker 1: From consumer spending? I mean, this is just basics, very

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Speaker 1: common sense stuff. So if these people don't have a

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Speaker 1: job anymore, how can they spend into the economy and

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Speaker 1: boost the g d P. See, I don't even think

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Speaker 1: the GDP was genuine what came out last year because

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Speaker 1: what they included into the GDP was all the stimulus

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Speaker 1: and everything else that they created. And then you've got

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Speaker 1: to think when that stimulus went to people's hands, they

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Speaker 1: then spent that stimulus. What was that recorded in g

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Speaker 1: d P. So You've got a lot of stuff going

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Speaker 1: on here, which I think is going to cause a

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Speaker 1: crisis very soon because people are just saying I quit

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Speaker 1: from their jobs. And I know a lot of people

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Speaker 1: who had to work through this last year, and yet

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Speaker 1: their coworkers were sat at home not having to work.

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Speaker 1: And you know, we make this sort of joke that

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Speaker 1: they sat there drinking a beer watching Netflix for a year,

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Speaker 1: but obviously that isn't what what what people were doing.

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Speaker 1: They're all watching HBO instead. Probably, Yeah, you know, a

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Speaker 1: lot of what they've been doing is learning new skills.

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Speaker 1: And here's the problem, and again it's a problem for employers,

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Speaker 1: not for you know, individuals like curse freethinking people. When

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Speaker 1: you get a lot of time human psychology, what it

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Speaker 1: is we start to think. When you're running around like

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Speaker 1: a headless chicken, driving out to work on a train

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Speaker 1: or whatever, working stressful job all day, traveling back, all

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Speaker 1: you do is get home. You're exhausted, and you do

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Speaker 1: that five six days a week. There's no way you

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Speaker 1: can think and get freedom of thought and figure out

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Speaker 1: what you want to do with your life. So you

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Speaker 1: get this free time to think and relax, you start

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Speaker 1: to realize what's really important to you, combined with you know,

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Speaker 1: what happened at the start, where you know, the health

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Speaker 1: organizations or whatever are saying this could be a five

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Speaker 1: to six per death rate from from COVID and things

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Speaker 1: like that. And look, I was one of the first

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Speaker 1: people to to be like, oh my goodness, this is

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Speaker 1: really really bad. Five to six That is not you know,

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Speaker 1: that's no joke. And of course when all the lockdowns happened,

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Speaker 1: I wasn't the one saying we shouldn't be doing these lockdowns.

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Speaker 1: This is a terrible idea, et cetera. I was agreeing

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Speaker 1: with it. I'm saying, okay, that was a good decision.

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Speaker 1: Five death rate. We can't have this. This is just

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Speaker 1: you know, it's a bad, bad situation. But then when

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Speaker 1: everything comes out and the true statistics come out, it's

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Speaker 1: a case of okay, you can't just look at one

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Speaker 1: measurability here. You also have to look at things on

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Speaker 1: the other side. You have to look at mental health

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Speaker 1: and suicide rates and the business collapses, which is proven

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Speaker 1: from previous recessions. If you actually look at you know,

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Speaker 1: previous recessions and the data, you see what goes up

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Speaker 1: mental health rates and problem, suicides, business collapses, unemployment. It

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Speaker 1: all has a knock on effect. So look, I'm not

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Speaker 1: saying anything you know, negative against any of your viewers

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Speaker 1: that you know are like hardcore into all of this

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Speaker 1: and you get what I'm saying. What I'm really saying

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Speaker 1: is you've got to be objective and you've got to

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Speaker 1: look at everything and then make decisions, especially economic decisions.

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Speaker 1: Things are not on island. You can't just take it

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Speaker 1: um as it is. And of course that's where the

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Speaker 1: media comes in, and we won't get into all of that. Yeah,

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Speaker 1: I'm curious this was I'm curious your take on this

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Speaker 1: coming from the UK and now being in the US

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Speaker 1: as well. But you know, the US was built on

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Speaker 1: individualism and it's really, um, we get caught up in

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Speaker 1: all these words and I think words loser meaning and

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Speaker 1: socialism and fascism and communism and capitalism and authoritarianism and whatever, um.

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Speaker 1: But really, if we were just gonna make it simple,

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Speaker 1: you kind of just have like two systems and it's

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Speaker 1: like individualism or collectivism or um, you know, free open,

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Speaker 1: competitive versus like captured, controlled, planned, um. But you know

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Speaker 1: there's this whole narrative that's really been pushed globally, which

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Speaker 1: is we're all in this together. The reality is that

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Speaker 1: none of us are ever in anything together, right, We're

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Speaker 1: always in this differently. So for example, um, a few

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Speaker 1: months ago, I had to have some surgery on my hip,

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Speaker 1: and I went to my doctor and he sat me

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Speaker 1: down and he said, here's your options. You have this option,

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Speaker 1: but because of your age and because of the condition,

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Speaker 1: you know, these are the risk that you face, or

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Speaker 1: we could try this, and these are the options, and

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Speaker 1: these are the risks, and so what what do you

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Speaker 1: want to do? And I'm like, well, given my life

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Speaker 1: and what I want to do, I know this is

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Speaker 1: a better option. But I'd rather do this, and I'd

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Speaker 1: rather take these risks. But it's up to me because

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Speaker 1: of my age and my health and my activity level,

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Speaker 1: which is going to be different than yours. Like you

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Speaker 1: and I don't face the same situation. Uh, you know,

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Speaker 1: the doctor typically always tell you to stay home, stay

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Speaker 1: off of it, but like, that may not be an

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Speaker 1: option for me. I may need to go to work,

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Speaker 1: and so the risk of reinjuring it might be less

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Speaker 1: than the risk of me losing everything if I don't

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Speaker 1: go to work. But but then this other person might

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Speaker 1: have a bunch of money and they might have savings,

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Speaker 1: and so for them, the risk of going back to

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Speaker 1: work and reagement isn't worth it, right, And so we're

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Speaker 1: all in this together. So back to I guess what

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Speaker 1: you pose? I guess, Uh, how do you see that

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Speaker 1: as far as like individualism and looking at this, Uh,

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Speaker 1: you know how it affects us personally knowing that there's

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Speaker 1: all these unintended consequences out there. Yeah, okay, Well, the

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Speaker 1: simple answer to that is there is no simple answer

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Speaker 1: to to these um to these challenges today. And you know,

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Speaker 1: I've read all the books from these professors who have

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Speaker 1: spent the whole life studying psychology and human behavioral psychology,

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Speaker 1: evolutionary psych oology, and I've read all the books on

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Speaker 1: neuroscience and everything you can think of. And the conclusion

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Speaker 1: I came to was it was really a waste of

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Speaker 1: my time to study all that because there is no

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Speaker 1: answer to it. And the reason why is because as

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Speaker 1: human beings were constantly developing in terms of our thought process,

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Speaker 1: what's appropriate, what's not appropriate, what's offensive, what's not offensive.

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Speaker 1: But if you look at some of the developments, they

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Speaker 1: come from one source and one source only, and it's

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Speaker 1: the mainstream media, so of course in a And it's

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Speaker 1: quite funny because yesterday I was reading about censorship and

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Speaker 1: you know, someone said to me and I thought they

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Speaker 1: were talking a lot of nonsense, but they said, the

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Speaker 1: USA is the most free country in terms of the

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Speaker 1: media in the world. And I said, you know, I used,

429
00:21:44,440 --> 00:21:48,800
Speaker 1: have you been smoking something? You know? So I looked

430
00:21:48,800 --> 00:21:51,320
Speaker 1: it up on all these different reports, and on average

431
00:21:51,359 --> 00:21:54,159
Speaker 1: it was about it ranked about fourty five in the

432
00:21:54,200 --> 00:21:58,120
Speaker 1: world in terms of free media. So it really had

433
00:21:58,160 --> 00:22:00,679
Speaker 1: me start looking into it and looking at the media

434
00:22:00,760 --> 00:22:05,879
Speaker 1: and quite staggering. How you know, things a f of

435
00:22:05,920 --> 00:22:08,760
Speaker 1: the funding they get comes from one source at the moment,

436
00:22:08,920 --> 00:22:11,040
Speaker 1: and then it starts to make me look at other

437
00:22:11,160 --> 00:22:13,760
Speaker 1: areas and gives me a lot of concern. But I

438
00:22:13,800 --> 00:22:16,879
Speaker 1: don't personally see the media in the US as free media.

439
00:22:16,960 --> 00:22:18,640
Speaker 1: A lot of it. I don't know if you saw

440
00:22:18,680 --> 00:22:20,399
Speaker 1: my video a few weeks ago, but I showed a

441
00:22:20,400 --> 00:22:23,520
Speaker 1: clip of because I kept people kept talking about the

442
00:22:23,520 --> 00:22:25,119
Speaker 1: media's free and all listen. I was like, okay, let

443
00:22:25,119 --> 00:22:27,159
Speaker 1: me show your clip, and it said, we don't need

444
00:22:27,200 --> 00:22:29,680
Speaker 1: to show you. Tell you the gas prices around the rise,

445
00:22:29,960 --> 00:22:31,919
Speaker 1: we don't need to And it was all these different

446
00:22:32,560 --> 00:22:37,000
Speaker 1: um anchors saying the exact same thing. It went on

447
00:22:37,080 --> 00:22:39,520
Speaker 1: for ages. You know, I didn't read that one, but

448
00:22:39,560 --> 00:22:42,639
Speaker 1: I've seen things similar to that. Yeah, and it just

449
00:22:42,680 --> 00:22:44,520
Speaker 1: shows a lot of the media is owned by the

450
00:22:44,560 --> 00:22:47,360
Speaker 1: same company. So of course what do they want. They

451
00:22:47,400 --> 00:22:49,679
Speaker 1: want to create. And I'm not saying this is a

452
00:22:49,680 --> 00:22:51,560
Speaker 1: bad thing, although I think it's a bad thing at

453
00:22:51,600 --> 00:22:54,240
Speaker 1: the moment, right, But you've got to draw the line

454
00:22:54,280 --> 00:22:59,000
Speaker 1: between what is control and what is genuinely concerned. See

455
00:22:59,240 --> 00:23:03,080
Speaker 1: if if we had amazing leaders everywhere around the world

456
00:23:03,760 --> 00:23:08,920
Speaker 1: and they were genuinely incredible human beings, integral, there's no scandals,

457
00:23:09,000 --> 00:23:11,800
Speaker 1: there's there's nothing like that, and they said we need

458
00:23:11,840 --> 00:23:15,320
Speaker 1: to do X in order to, you know, to solve

459
00:23:15,400 --> 00:23:18,960
Speaker 1: this challenge. I'm down with that. I'm completely happy with it.

460
00:23:19,119 --> 00:23:21,679
Speaker 1: And if they're getting all these experts in and they're saying,

461
00:23:23,040 --> 00:23:25,320
Speaker 1: you know, and it's a free debate and it's open,

462
00:23:25,600 --> 00:23:27,639
Speaker 1: I think that's a good thing. But then when you

463
00:23:27,720 --> 00:23:31,560
Speaker 1: have all on one side, I think that's that can

464
00:23:31,600 --> 00:23:37,160
Speaker 1: be quite detrimental and negative. Yeah, So, as somebody that

465
00:23:37,359 --> 00:23:40,040
Speaker 1: spends a lot of time going through the news. Obviously

466
00:23:40,040 --> 00:23:42,200
Speaker 1: you do that, analyzing the market's, coming up with ideas

467
00:23:42,240 --> 00:23:46,600
Speaker 1: for your videos, researching, etcetera. UM, it's it's it can

468
00:23:46,640 --> 00:23:49,679
Speaker 1: be difficult to understand or I should say, discerned the

469
00:23:49,720 --> 00:23:53,800
Speaker 1: information that you're looking at. Um. I guess, do you

470
00:23:53,840 --> 00:23:56,359
Speaker 1: have any things that you do that you think that

471
00:23:56,440 --> 00:23:59,360
Speaker 1: are beneficial or helpful for you to like? Um, look

472
00:23:59,359 --> 00:24:04,680
Speaker 1: at both or make decisions for yourself, or look past headlines. Yeah.

473
00:24:04,720 --> 00:24:06,680
Speaker 1: I think the first thing you have, you know, every

474
00:24:06,680 --> 00:24:09,119
Speaker 1: single person has to do when you're looking at media

475
00:24:09,480 --> 00:24:12,919
Speaker 1: is number one. You have to apply your own common sense.

476
00:24:13,600 --> 00:24:15,760
Speaker 1: That is the best thing that you can ever do

477
00:24:15,920 --> 00:24:18,800
Speaker 1: is apply your own common sense. If something just doesn't

478
00:24:18,840 --> 00:24:21,840
Speaker 1: sound right, spend the time looking into it, spend the

479
00:24:21,880 --> 00:24:25,560
Speaker 1: time studio and you know so for me, yes, it

480
00:24:25,600 --> 00:24:28,239
Speaker 1: involves a lot of investment of time and effort at

481
00:24:28,240 --> 00:24:30,560
Speaker 1: the start, But you then figure out who is just

482
00:24:30,640 --> 00:24:34,080
Speaker 1: making stuff up and who's just putting out propaganda versus

483
00:24:34,119 --> 00:24:37,320
Speaker 1: who's actually putting out some genuine stories. Now, I like

484
00:24:37,400 --> 00:24:40,040
Speaker 1: the media, that's very central. I don't like media on

485
00:24:40,080 --> 00:24:41,680
Speaker 1: the on the right. I don't like media on the

486
00:24:41,760 --> 00:24:45,680
Speaker 1: left because they will even if it's the most absurd thing, ever,

487
00:24:45,800 --> 00:24:47,399
Speaker 1: they will put it out as if it's a fact.

488
00:24:47,720 --> 00:24:49,800
Speaker 1: So I tend to look at all the media on

489
00:24:49,840 --> 00:24:51,800
Speaker 1: the left on the right, I see what they're talking about,

490
00:24:52,040 --> 00:24:55,359
Speaker 1: but I much prefer central, central media where they don't

491
00:24:55,359 --> 00:24:58,640
Speaker 1: really take a position either way. It's more factual based. Now.

492
00:24:58,640 --> 00:25:01,080
Speaker 1: The other thing is a lot of media right now

493
00:25:01,160 --> 00:25:06,199
Speaker 1: is about emotion, so they're using emotional spikes to you know,

494
00:25:06,320 --> 00:25:09,879
Speaker 1: to to create whatever they want to create. Now, I

495
00:25:09,880 --> 00:25:12,199
Speaker 1: don't really look at that. When I see that, I

496
00:25:12,200 --> 00:25:14,640
Speaker 1: can see through the emotion because I've I've studied it all,

497
00:25:15,080 --> 00:25:16,360
Speaker 1: so I don't want to. I don't want to get

498
00:25:16,400 --> 00:25:18,440
Speaker 1: into any of that. I want to see facts. And

499
00:25:18,840 --> 00:25:21,040
Speaker 1: you know, there's a good example a few months ago

500
00:25:21,119 --> 00:25:24,760
Speaker 1: where you know, we saw certain statistics come out and

501
00:25:24,880 --> 00:25:28,680
Speaker 1: someone's actually said to me, it doesn't matter about the statistics,

502
00:25:28,920 --> 00:25:32,600
Speaker 1: it's all about how people feel about the statistics. And

503
00:25:32,680 --> 00:25:35,119
Speaker 1: that really surprised me, and I realized, Okay, a lot

504
00:25:35,160 --> 00:25:38,040
Speaker 1: of people like to comment, and I thought, I see

505
00:25:38,040 --> 00:25:43,800
Speaker 1: what's happening. This has created this mass um thought patterns

506
00:25:43,840 --> 00:25:47,480
Speaker 1: within within different populations now, and it's it's regional as well,

507
00:25:47,880 --> 00:25:49,879
Speaker 1: so the thought patterns will be that people start to

508
00:25:50,119 --> 00:25:54,240
Speaker 1: align within different groups now, regardless of whether you know

509
00:25:54,320 --> 00:25:56,600
Speaker 1: someone's on the left or someone's on the right, because

510
00:25:56,960 --> 00:25:59,440
Speaker 1: you know, you know a lot of people attack people

511
00:25:59,480 --> 00:26:02,200
Speaker 1: on the left instantly, but at the same time, there's

512
00:26:02,240 --> 00:26:04,239
Speaker 1: people on the right as well who come out with

513
00:26:04,280 --> 00:26:06,679
Speaker 1: the most absurd things. And you know, I'm very and

514
00:26:06,720 --> 00:26:09,080
Speaker 1: I'll say to anybody, whether you're on the left or

515
00:26:09,119 --> 00:26:12,159
Speaker 1: the right, you know, if they're they're talking some absurd stuff.

516
00:26:12,640 --> 00:26:16,160
Speaker 1: I want to bring it back to factual, evidence based data.

517
00:26:16,680 --> 00:26:20,080
Speaker 1: And I think that's the important thing. Statistics haven't. They're

518
00:26:20,119 --> 00:26:22,440
Speaker 1: not dead like a lot of media want you to believe.

519
00:26:22,440 --> 00:26:25,040
Speaker 1: And it's all about emotion. Now, No, it's not about emotion.

520
00:26:25,200 --> 00:26:28,680
Speaker 1: It is about statistics come first, in my opinion, with everything,

521
00:26:28,880 --> 00:26:32,720
Speaker 1: and then we look at, you know, other things afterwards. Yeah,

522
00:26:33,080 --> 00:26:35,120
Speaker 1: that's that's such a great point. I mean, they really

523
00:26:35,160 --> 00:26:38,040
Speaker 1: have tried to take everything from being a rational, uh

524
00:26:38,160 --> 00:26:42,439
Speaker 1: conversation or argument or point to emotional. You can overcome

525
00:26:42,480 --> 00:26:45,200
Speaker 1: a rational conversation, but you can't overcome an emotional one.

526
00:26:45,600 --> 00:26:47,399
Speaker 1: And so I think that's definitely a good point. Is

527
00:26:47,400 --> 00:26:50,080
Speaker 1: that check that emotion. Now let's jump back into some

528
00:26:50,119 --> 00:26:51,639
Speaker 1: of the topics that I had kind of planned. So

529
00:26:51,680 --> 00:26:54,159
Speaker 1: I know, UM, both of us have been kind of

530
00:26:54,200 --> 00:26:56,600
Speaker 1: looking at and talking about like this, you know, great

531
00:26:56,680 --> 00:26:59,280
Speaker 1: reset agenda, which a lot of this seems to be

532
00:26:59,320 --> 00:27:01,120
Speaker 1: going into if we if we look at it from

533
00:27:01,119 --> 00:27:03,960
Speaker 1: a larger context, we have, UM, we have a group

534
00:27:03,960 --> 00:27:05,760
Speaker 1: of people who you know, are kind of pulling the

535
00:27:05,760 --> 00:27:08,480
Speaker 1: strings in the world, usually the globalist this is the

536
00:27:09,040 --> 00:27:11,320
Speaker 1: three letter n G O S the World Economic Form

537
00:27:11,320 --> 00:27:15,200
Speaker 1: and the World Health Organization, the World Trade Organization, etcetera. UM.

538
00:27:15,240 --> 00:27:18,399
Speaker 1: But they're telling us what their plan is. UM. I

539
00:27:18,520 --> 00:27:20,480
Speaker 1: like to say that I take them at their word.

540
00:27:20,920 --> 00:27:23,440
Speaker 1: And so they've told them, They've told us what their

541
00:27:23,480 --> 00:27:26,600
Speaker 1: plan is. UM. And I know you've done in videos

542
00:27:26,600 --> 00:27:27,719
Speaker 1: on this as well. We don't need to dig deep

543
00:27:27,760 --> 00:27:29,520
Speaker 1: into that. But when you when you look at it

544
00:27:29,520 --> 00:27:32,240
Speaker 1: from that lens of these people that have this agenda

545
00:27:32,320 --> 00:27:36,679
Speaker 1: by UM, and then you look at that, you know, uh,

546
00:27:37,040 --> 00:27:42,359
Speaker 1: the financial system, the economy, the real estate market, UM,

547
00:27:42,400 --> 00:27:44,280
Speaker 1: does it make you start to think that, you know,

548
00:27:44,359 --> 00:27:46,520
Speaker 1: this is all part of their bigger plan and then

549
00:27:46,560 --> 00:27:51,720
Speaker 1: we have to learn to navigate it that way. That's

550
00:27:51,720 --> 00:27:57,639
Speaker 1: a tough one because I'm an emotional human being. Like

551
00:27:57,720 --> 00:28:01,880
Speaker 1: everybody else. So and it's very difficult when a lot

552
00:28:01,920 --> 00:28:04,600
Speaker 1: of the stories that come out every day are emotional.

553
00:28:05,359 --> 00:28:08,480
Speaker 1: It's difficult to always be rational. So for me to

554
00:28:08,520 --> 00:28:11,120
Speaker 1: say I have no bias in answering the question would

555
00:28:11,440 --> 00:28:14,480
Speaker 1: would not be a true statement. Obviously I have biased,

556
00:28:14,480 --> 00:28:16,800
Speaker 1: just like you have bias. Mark. We all have bias

557
00:28:16,880 --> 00:28:20,320
Speaker 1: towards something. So I'm going to answer the question, but

558
00:28:20,560 --> 00:28:24,560
Speaker 1: with the with that variable that there is a bias step. So,

559
00:28:24,920 --> 00:28:27,600
Speaker 1: having studied all of it, and studied w EF and

560
00:28:27,920 --> 00:28:31,000
Speaker 1: everyone else, and and actually there's hundreds of these three

561
00:28:31,000 --> 00:28:36,480
Speaker 1: and four letter organizations now and actually when you dig

562
00:28:36,480 --> 00:28:38,040
Speaker 1: into it deep. So I did one of the first

563
00:28:38,120 --> 00:28:40,040
Speaker 1: videos on the Great Reset, as you know, and that

564
00:28:40,160 --> 00:28:43,040
Speaker 1: video got banned eight hundred thousand views, and it got

565
00:28:43,080 --> 00:28:46,200
Speaker 1: banned very quickly because I guess I was touching too

566
00:28:46,320 --> 00:28:50,239
Speaker 1: much on on some truth set about you know, some

567
00:28:50,280 --> 00:28:52,880
Speaker 1: of the property and it is propaganda. Oh, anyone can

568
00:28:52,960 --> 00:28:55,880
Speaker 1: come to our forums and you know whatever. And then

569
00:28:55,880 --> 00:28:58,440
Speaker 1: you look at the figures and it's hundreds of thousands

570
00:28:58,480 --> 00:29:00,560
Speaker 1: of dollars to a million dollars to be come amember

571
00:29:00,560 --> 00:29:03,479
Speaker 1: and you're like, no, the average person can't join this

572
00:29:03,560 --> 00:29:07,040
Speaker 1: is nonsense. Who are the sponsors and it's the usual suspects.

573
00:29:07,800 --> 00:29:09,680
Speaker 1: And of course the most obvious thing we need to

574
00:29:09,880 --> 00:29:12,840
Speaker 1: distinguish here is that the world they're coming forum talks

575
00:29:12,880 --> 00:29:15,800
Speaker 1: a lot about how this is a green energy movement

576
00:29:15,800 --> 00:29:18,320
Speaker 1: and to help save the planet. I'm not saying that

577
00:29:18,320 --> 00:29:20,400
Speaker 1: that that isn't true. All I'm saying is when you

578
00:29:20,480 --> 00:29:23,280
Speaker 1: look at the evidence behind it, and you look at

579
00:29:23,280 --> 00:29:28,400
Speaker 1: the sponsors. So these are huge banks and financial organizations

580
00:29:28,640 --> 00:29:32,080
Speaker 1: and they're all coming for a meeting. What where is

581
00:29:32,080 --> 00:29:35,760
Speaker 1: all the green green movement people for these meetings? Why

582
00:29:35,840 --> 00:29:38,040
Speaker 1: is it all banks? And And you've got to think,

583
00:29:38,080 --> 00:29:42,520
Speaker 1: what is a conglomerate financial institution, A bank, a business?

584
00:29:43,320 --> 00:29:48,600
Speaker 1: They exist purely for the purpose of shareholder profit, that's it.

585
00:29:49,000 --> 00:29:52,920
Speaker 1: Why would the shareholders care about green a green energy

586
00:29:52,960 --> 00:29:56,880
Speaker 1: movement and reducing CEO two and carbon emissions. All I'm

587
00:29:56,880 --> 00:29:59,080
Speaker 1: saying is, if that is what they're putting out there,

588
00:29:59,600 --> 00:30:01,600
Speaker 1: it's a You're going to fool a number of people,

589
00:30:01,680 --> 00:30:04,400
Speaker 1: you know, if that, if it's true that they are

590
00:30:04,440 --> 00:30:07,360
Speaker 1: trying to, you know, bring down all of this, you know,

591
00:30:07,400 --> 00:30:11,800
Speaker 1: greenhouse gases and everything. Don't invite all financial institutions and

592
00:30:11,840 --> 00:30:14,320
Speaker 1: then close the doors, like have it open with greed

593
00:30:14,400 --> 00:30:17,160
Speaker 1: and you get what I'm saying with this, Yeah, yeah,

594
00:30:18,280 --> 00:30:21,840
Speaker 1: and bring some bring some scientists in or whatever that

595
00:30:21,840 --> 00:30:24,320
Speaker 1: that have some solutions instead of all the bankers flying

596
00:30:24,320 --> 00:30:27,120
Speaker 1: in on their private jets. I guess that's to cut

597
00:30:27,160 --> 00:30:30,880
Speaker 1: down to cut down c O two emissions flying on

598
00:30:30,960 --> 00:30:33,560
Speaker 1: private jets. Yeah. But it seems like there's like all

599
00:30:33,600 --> 00:30:35,640
Speaker 1: this change going on, and I know a lot of

600
00:30:35,640 --> 00:30:39,840
Speaker 1: people are worried about this whole. You know, you'll own nothing, um.

601
00:30:39,920 --> 00:30:42,440
Speaker 1: And then you see that like nothing, and I get

602
00:30:42,480 --> 00:30:46,960
Speaker 1: comments all the time like, um, how would they achieve that? Um?

603
00:30:47,000 --> 00:30:48,520
Speaker 1: How would they get it to the point where we

604
00:30:48,520 --> 00:30:50,720
Speaker 1: own nothing? But then you take a look at um,

605
00:30:50,760 --> 00:30:53,760
Speaker 1: the financial markets and the housing markets and the job markets,

606
00:30:53,760 --> 00:30:57,160
Speaker 1: and then it starts to look um somewhat apparent right, Well,

607
00:30:57,200 --> 00:30:59,320
Speaker 1: if they can just continue to boom and bust and

608
00:30:59,600 --> 00:31:01,960
Speaker 1: uma away our jobs and take away our ability to

609
00:31:02,360 --> 00:31:05,040
Speaker 1: um make our payments and pay our workers, etcetera, then

610
00:31:05,480 --> 00:31:06,920
Speaker 1: all of a sudden you start to see how that

611
00:31:07,040 --> 00:31:11,320
Speaker 1: future could become a reality. I guess yeah, yeah, And

612
00:31:11,920 --> 00:31:14,520
Speaker 1: it is very worrying. I try, you know what I

613
00:31:14,600 --> 00:31:16,320
Speaker 1: what I do with things like that I look at

614
00:31:16,360 --> 00:31:18,719
Speaker 1: it and I keep it as a theory, and I

615
00:31:18,800 --> 00:31:21,320
Speaker 1: keep it off to the side as a worst case scenario.

616
00:31:21,680 --> 00:31:24,080
Speaker 1: But then what I have is other theories in between,

617
00:31:24,120 --> 00:31:26,400
Speaker 1: and I try and take something middle ground. But I

618
00:31:26,480 --> 00:31:29,280
Speaker 1: never take my eye off this theory that it could happen,

619
00:31:29,840 --> 00:31:31,960
Speaker 1: you know, because if you take your eye off the ball,

620
00:31:31,960 --> 00:31:33,840
Speaker 1: that's when you get caught out. So I've always got

621
00:31:33,920 --> 00:31:35,920
Speaker 1: my eye on that, but I try and think of

622
00:31:35,960 --> 00:31:39,239
Speaker 1: something more middle ground. But people who are you know,

623
00:31:39,360 --> 00:31:41,560
Speaker 1: more to the other side, who say, there's no con

624
00:31:41,960 --> 00:31:44,920
Speaker 1: this is all conspiracy, there's nothing behind this, there's no

625
00:31:45,000 --> 00:31:48,000
Speaker 1: central bank digital currency coming out. Neil and Mark, you

626
00:31:48,000 --> 00:31:50,200
Speaker 1: guys are making this stuff up. And then next thing

627
00:31:50,720 --> 00:31:53,600
Speaker 1: they announce it and they're like, you know, you go, oh,

628
00:31:53,760 --> 00:31:58,200
Speaker 1: didn't you say there was no Yeah, but I broken.

629
00:31:58,440 --> 00:32:00,840
Speaker 1: They use a broken clocks right twice a day, and

630
00:32:00,840 --> 00:32:04,200
Speaker 1: they use things like that, you know, these ridiculous expressions

631
00:32:04,200 --> 00:32:07,760
Speaker 1: that they come out with, Hey, sorry to interrupt this

632
00:32:07,840 --> 00:32:10,560
Speaker 1: video just one more time. I'm not running Google ads,

633
00:32:10,560 --> 00:32:13,000
Speaker 1: so it's actually way less interruption than I normally would

634
00:32:13,000 --> 00:32:15,240
Speaker 1: have on a video. UM, and that's because it's sponsored

635
00:32:15,240 --> 00:32:18,600
Speaker 1: by block five. UM. They are opening up the world

636
00:32:18,680 --> 00:32:21,760
Speaker 1: of bitcoin and financial products offering to pay you interest

637
00:32:22,080 --> 00:32:24,720
Speaker 1: on your bitcoin. Um better than own in a rental

638
00:32:24,720 --> 00:32:26,640
Speaker 1: property that you have to manage and control and have

639
00:32:26,680 --> 00:32:28,480
Speaker 1: the risks. You can just earn interest on it, or

640
00:32:28,880 --> 00:32:31,560
Speaker 1: you can leverage against it. Now, I plan to hold

641
00:32:31,600 --> 00:32:35,080
Speaker 1: my bitcoin forever and literally never sell my bitcoin. So

642
00:32:35,080 --> 00:32:37,120
Speaker 1: how do you do that? Well, if I need money,

643
00:32:37,200 --> 00:32:39,000
Speaker 1: I don't want to sell that bitcoin. I'm gonna pay

644
00:32:39,080 --> 00:32:41,000
Speaker 1: tax on it, all right, I'm gonna end up with

645
00:32:41,080 --> 00:32:43,560
Speaker 1: less and I don't have the bitcoin anymore. So a

646
00:32:43,600 --> 00:32:46,240
Speaker 1: better way to do it is to borrow against the bitcoin.

647
00:32:46,440 --> 00:32:48,600
Speaker 1: So I've put all my money into bitcoin. If I

648
00:32:48,640 --> 00:32:50,240
Speaker 1: want to buy a car, or I want to buy

649
00:32:50,240 --> 00:32:53,320
Speaker 1: a house, I can borrow against it at very very

650
00:32:53,360 --> 00:32:56,080
Speaker 1: low competitive rates. Get my house, get my car, whatever

651
00:32:56,120 --> 00:32:58,800
Speaker 1: that may be, and get to keep the bitcoin. I've

652
00:32:58,800 --> 00:33:01,120
Speaker 1: done a whole video on this. You can find it.

653
00:33:01,120 --> 00:33:03,120
Speaker 1: I'll link it down in the description below. How to

654
00:33:03,240 --> 00:33:05,600
Speaker 1: retire off a bitcoin without paying taxes and you can

655
00:33:05,640 --> 00:33:08,160
Speaker 1: do that with block fight services. I'll link to the

656
00:33:08,240 --> 00:33:09,800
Speaker 1: video down below. I'm also going to put a link

657
00:33:09,840 --> 00:33:11,560
Speaker 1: to block Fight if you choose to click on that

658
00:33:11,600 --> 00:33:13,200
Speaker 1: link to check them out you can earn up to

659
00:33:13,240 --> 00:33:16,120
Speaker 1: two dollars in free bitcoin just for using that link.

660
00:33:16,400 --> 00:33:17,960
Speaker 1: And that's it. Let's go ahead and get back to

661
00:33:18,080 --> 00:33:21,320
Speaker 1: the interview. Yeah. Now, another thing that I want to

662
00:33:21,400 --> 00:33:24,520
Speaker 1: jump into. I know, I know you've talked about is um,

663
00:33:24,560 --> 00:33:27,000
Speaker 1: you know, more things that are happening, like the cyber

664
00:33:27,000 --> 00:33:30,200
Speaker 1: attacks and so UM that goes back into you know,

665
00:33:30,240 --> 00:33:33,800
Speaker 1: the World Economic Forms has been doing tests for cyber attacks.

666
00:33:33,840 --> 00:33:36,719
Speaker 1: Of course, we see that these ransomware attacks have been

667
00:33:36,760 --> 00:33:39,840
Speaker 1: picking up steam. UM. Just I think was it just

668
00:33:39,880 --> 00:33:42,200
Speaker 1: a couple of days ago or just last week? Um,

669
00:33:42,240 --> 00:33:44,840
Speaker 1: a bunch of the big websites all across the world

670
00:33:44,840 --> 00:33:48,840
Speaker 1: shut down. UM. And I know you've done quite a

671
00:33:48,840 --> 00:33:51,520
Speaker 1: bit of research into that. So what are you seeing

672
00:33:51,680 --> 00:33:54,000
Speaker 1: in regards to cyber attacks and how do we prepare

673
00:33:54,000 --> 00:33:56,440
Speaker 1: for those types of things? Yeah, I mean, I'm don't

674
00:33:56,440 --> 00:33:58,320
Speaker 1: think there's any question that we're going to see more

675
00:33:58,360 --> 00:34:02,080
Speaker 1: cyber attacks. Now. One of the videos I made recently

676
00:34:02,160 --> 00:34:05,360
Speaker 1: was about the World Economic Forum's Risk Report. So what

677
00:34:05,480 --> 00:34:07,680
Speaker 1: I did was I didn't just look at one. I

678
00:34:07,720 --> 00:34:11,200
Speaker 1: went back and look at and other reports and it's

679
00:34:11,320 --> 00:34:14,719
Speaker 1: very interesting. Either they've got a crystal ball or they

680
00:34:14,719 --> 00:34:17,799
Speaker 1: are absolute geniuses, but they tend to predict a lot

681
00:34:17,840 --> 00:34:20,880
Speaker 1: of what's going to happen before it does. Like Event

682
00:34:20,920 --> 00:34:24,000
Speaker 1: two oh one happened two months before the outbreak, you know.

683
00:34:24,600 --> 00:34:26,880
Speaker 1: And this isn't conspiracy for those people who are going

684
00:34:26,920 --> 00:34:30,560
Speaker 1: to drop all the ridiculous comments or conspiracy, No, you know, No,

685
00:34:30,800 --> 00:34:33,520
Speaker 1: it is a fact. Event too oh one occurred two

686
00:34:33,560 --> 00:34:36,759
Speaker 1: months before the crisis, you know. And this wasn't a oh,

687
00:34:36,880 --> 00:34:39,239
Speaker 1: this could be a we're preparing for a SARS, we're

688
00:34:39,320 --> 00:34:42,520
Speaker 1: preparing for a flu outbreak. No, it was a you

689
00:34:42,560 --> 00:34:44,920
Speaker 1: know what, we went to the way on the channel outbreak.

690
00:34:45,520 --> 00:34:47,640
Speaker 1: And then you look at all the other things, and

691
00:34:47,640 --> 00:34:51,880
Speaker 1: then when all the media gets focused on the cyber attacks, again,

692
00:34:52,120 --> 00:34:55,839
Speaker 1: it's controlled. This isn't just random. So when you know

693
00:34:55,920 --> 00:34:59,200
Speaker 1: he klau Schwab is talking about our cyber attacks is

694
00:34:59,200 --> 00:35:02,200
Speaker 1: the biggest threat. Do you think I'm just sitting there saying, ah,

695
00:35:02,280 --> 00:35:04,680
Speaker 1: this now, I'm just going to ignore that. No, I'm

696
00:35:04,719 --> 00:35:06,799
Speaker 1: looking at that and saying this is the biggest threat.

697
00:35:06,840 --> 00:35:09,360
Speaker 1: If he's saying that, then that means this is the

698
00:35:09,360 --> 00:35:11,239
Speaker 1: biggest threat right now because a lot of what he

699
00:35:11,280 --> 00:35:15,399
Speaker 1: says is coming true. And that's very, very worrying. So

700
00:35:15,560 --> 00:35:17,960
Speaker 1: I'm definitely looking at that. And actually that video you're

701
00:35:18,000 --> 00:35:21,600
Speaker 1: you're referencing that I made recently the very next day

702
00:35:21,760 --> 00:35:24,480
Speaker 1: was the biggest cyber attack that had ever taken place,

703
00:35:24,560 --> 00:35:27,040
Speaker 1: which was across all it was actually on the media

704
00:35:27,080 --> 00:35:31,360
Speaker 1: outlets as well around the world. Really the UK government's

705
00:35:31,400 --> 00:35:34,960
Speaker 1: website was taken down. All these cyber attacks. Now you

706
00:35:35,000 --> 00:35:36,879
Speaker 1: could say it could be a false flag. I don't

707
00:35:36,920 --> 00:35:40,560
Speaker 1: know where they say, Look we were we were attacked ourselves,

708
00:35:40,600 --> 00:35:43,719
Speaker 1: and you know, who knows, who knows what's really going on?

709
00:35:43,800 --> 00:35:46,080
Speaker 1: I don't, I don't know, but it is worrying and

710
00:35:46,120 --> 00:35:48,080
Speaker 1: I do think we're going to see more cyber attacks.

711
00:35:48,239 --> 00:35:52,360
Speaker 1: And the risk with the cyber attacks is on infrastructure.

712
00:35:52,520 --> 00:35:54,640
Speaker 1: That is what I think is the biggest risk because

713
00:35:54,640 --> 00:35:58,399
Speaker 1: if a hospital gets you know, the electricity goes out. Yes,

714
00:35:58,400 --> 00:36:00,759
Speaker 1: they're gonna have backup generators and things like that, but

715
00:36:01,480 --> 00:36:04,120
Speaker 1: what about the water pumps, one about the water stations.

716
00:36:04,239 --> 00:36:08,239
Speaker 1: Human beings can only survive for three days without without water. Um,

717
00:36:08,280 --> 00:36:10,480
Speaker 1: you know, there's there's all this other stuff that could happen.

718
00:36:10,640 --> 00:36:13,040
Speaker 1: What if you see a flash crash in the stock

719
00:36:13,080 --> 00:36:16,000
Speaker 1: market because of all the AI trading that goes on

720
00:36:16,040 --> 00:36:18,799
Speaker 1: and all the other trading that goes on. You could

721
00:36:18,800 --> 00:36:21,239
Speaker 1: just see a massive flash crash car which could bring

722
00:36:21,320 --> 00:36:23,760
Speaker 1: down the stock market. What happens if the stock market

723
00:36:23,800 --> 00:36:26,879
Speaker 1: comes down, people lose their jobs, a lot of others. Again,

724
00:36:26,960 --> 00:36:28,920
Speaker 1: big knock on effect. You really think it's not going

725
00:36:28,960 --> 00:36:33,720
Speaker 1: to have a knock on effect on the housing market? Yeah, yeah,

726
00:36:33,800 --> 00:36:37,080
Speaker 1: it is obviously so. Um talking about the housing market

727
00:36:37,120 --> 00:36:39,680
Speaker 1: for a minute. UM. I just did a video talking

728
00:36:39,719 --> 00:36:42,400
Speaker 1: about the United States housing market, and I do them

729
00:36:42,400 --> 00:36:46,120
Speaker 1: pretty regularly, having been a pretty much my career has

730
00:36:46,120 --> 00:36:48,319
Speaker 1: been in real estate investing. But I don't know a

731
00:36:48,320 --> 00:36:51,840
Speaker 1: lot about the international markets. Um. So, you know, in

732
00:36:51,840 --> 00:36:53,799
Speaker 1: the United States, we know the real estate markets up

733
00:36:54,840 --> 00:36:58,920
Speaker 1: every year, the markets super hot, you know, multiple offers

734
00:36:58,920 --> 00:37:03,440
Speaker 1: on prodit properties before they even get open for for viewing. Um.

735
00:37:03,480 --> 00:37:04,880
Speaker 1: And at the same time, you know, we have the

736
00:37:04,880 --> 00:37:07,319
Speaker 1: economy that's shaky. Um. So a lot of people are

737
00:37:07,320 --> 00:37:09,799
Speaker 1: wondering what's gonna happen here? But what about, um, the

738
00:37:09,880 --> 00:37:12,920
Speaker 1: foreign markets? What about Australia? I get asked that all

739
00:37:12,920 --> 00:37:15,359
Speaker 1: the time. What about Canada? What about the UK? Are

740
00:37:15,400 --> 00:37:18,040
Speaker 1: those real estate markets just as hot? And do you

741
00:37:18,080 --> 00:37:23,520
Speaker 1: think they're in just as much danger. Yeah, so they're

742
00:37:23,560 --> 00:37:25,640
Speaker 1: not okay. So there were all different in terms of

743
00:37:25,640 --> 00:37:29,680
Speaker 1: the year on year growth. USA was pretty pretty hot

744
00:37:29,719 --> 00:37:32,120
Speaker 1: this year, or you know, there's nowhere around that. Why

745
00:37:32,200 --> 00:37:35,080
Speaker 1: is that? Well, because of globalization, we can apply the

746
00:37:35,200 --> 00:37:38,080
Speaker 1: same metrics to each market. So what happened in the

747
00:37:38,200 --> 00:37:42,560
Speaker 1: USA record low interest rates creates more bias because if

748
00:37:42,600 --> 00:37:44,480
Speaker 1: you can get an interest rate for three percent, and

749
00:37:44,520 --> 00:37:46,319
Speaker 1: you can let's say, you know, like you said your

750
00:37:46,400 --> 00:37:49,279
Speaker 1: real estate investor, you can get a six, seven, eight

751
00:37:49,280 --> 00:37:52,080
Speaker 1: percent or fifteen percent if you're doing an airbnb or

752
00:37:52,440 --> 00:37:55,680
Speaker 1: something that some people do, why would you not borrow

753
00:37:55,719 --> 00:37:57,480
Speaker 1: money at three percent when you don't have to put

754
00:37:57,480 --> 00:37:59,360
Speaker 1: a lock down anyway? What else are you gonna do

755
00:37:59,360 --> 00:38:01,680
Speaker 1: with your money leaving in the bank while inflation is

756
00:38:01,680 --> 00:38:04,360
Speaker 1: eating away at the capitol and the purchasing power. No

757
00:38:04,640 --> 00:38:07,560
Speaker 1: people are going in there rushing into these markets, right,

758
00:38:08,200 --> 00:38:11,360
Speaker 1: So that's one fundamental. The other one is low inventory,

759
00:38:11,440 --> 00:38:15,600
Speaker 1: and this again was created by fear and panic over

760
00:38:15,719 --> 00:38:19,960
Speaker 1: last year. People didn't want other families and people walking

761
00:38:20,000 --> 00:38:22,680
Speaker 1: around their house and and all of that sort of stuff.

762
00:38:22,840 --> 00:38:25,640
Speaker 1: So you have these low inventory levels and now the

763
00:38:25,719 --> 00:38:29,279
Speaker 1: knock on effect of that low inventory is more low inventory,

764
00:38:29,680 --> 00:38:32,840
Speaker 1: even though we recover it, because it created this housing

765
00:38:32,840 --> 00:38:35,160
Speaker 1: price increase, a lot of people don't want to sell that.

766
00:38:35,320 --> 00:38:37,320
Speaker 1: They're saying, I'm just going to keep that as a

767
00:38:37,360 --> 00:38:39,799
Speaker 1: rental now because it's just keep going up. It's gonna

768
00:38:39,800 --> 00:38:42,319
Speaker 1: be my pension. I'm gonna buy a different house and

769
00:38:42,360 --> 00:38:46,640
Speaker 1: get two point four interests, right, you know, So all

770
00:38:46,640 --> 00:38:49,960
Speaker 1: of this is going up red tape around home building.

771
00:38:50,160 --> 00:38:52,800
Speaker 1: Where you are. You in California, look at Los Angeles.

772
00:38:52,920 --> 00:38:57,160
Speaker 1: You try and build something in l A good luck, Um,

773
00:38:57,160 --> 00:38:59,160
Speaker 1: it's it's so difficult. And even if you do, you've

774
00:38:59,160 --> 00:39:01,920
Speaker 1: got to put a parking space on. How how can

775
00:39:02,000 --> 00:39:04,640
Speaker 1: you make a good profit on that? Right? So there's

776
00:39:04,840 --> 00:39:07,360
Speaker 1: all of these things going on. Now you take that

777
00:39:07,480 --> 00:39:10,640
Speaker 1: format and you apply it to the UK, to Canada,

778
00:39:10,800 --> 00:39:14,520
Speaker 1: to Australia, to New Zealand. Some of the hottest housing

779
00:39:14,520 --> 00:39:17,759
Speaker 1: markets in the world in terms of overvaluation, I would say,

780
00:39:18,040 --> 00:39:20,280
Speaker 1: are all the ones we've talked about, especially in New Zealand,

781
00:39:20,360 --> 00:39:24,320
Speaker 1: especially Canada, places like Toronto and you know, et cetera.

782
00:39:24,880 --> 00:39:29,160
Speaker 1: These are so overheated and people argue with me over

783
00:39:29,160 --> 00:39:31,399
Speaker 1: it when I say that it's it's only a matter

784
00:39:31,440 --> 00:39:35,040
Speaker 1: of time before you do see a major correction. But

785
00:39:35,120 --> 00:39:38,200
Speaker 1: what's gonna how's that going to come about? There's different ways.

786
00:39:38,840 --> 00:39:41,320
Speaker 1: People say it will only come about with interest rates

787
00:39:41,600 --> 00:39:45,879
Speaker 1: going up. That's not strictly true, because with anything, there

788
00:39:45,920 --> 00:39:50,040
Speaker 1: is always always a market cap in terms of affordability.

789
00:39:50,080 --> 00:39:52,319
Speaker 1: And I don't think we're too far off that in

790
00:39:52,440 --> 00:39:55,600
Speaker 1: terms of affordability unless they drop the interest rates even lower.

791
00:39:56,239 --> 00:39:58,400
Speaker 1: So as you know, people don't buy a house with

792
00:39:58,480 --> 00:40:00,279
Speaker 1: cash these days. You're not gonna go out buy an

793
00:40:00,320 --> 00:40:02,960
Speaker 1: average price home with cash. You're going to get on

794
00:40:02,960 --> 00:40:06,880
Speaker 1: a monthly payment. Well, what happens if you know, the

795
00:40:06,920 --> 00:40:10,759
Speaker 1: house keeps going up in value constantly, constantly, constantly, and

796
00:40:10,800 --> 00:40:12,640
Speaker 1: you've got this amount for a monthly payment, but the

797
00:40:12,640 --> 00:40:15,680
Speaker 1: house is going to be value, you can't still afford

798
00:40:15,719 --> 00:40:18,160
Speaker 1: that same house. And this is why you see the

799
00:40:18,200 --> 00:40:23,240
Speaker 1: concentration first of the challenges in the smaller starter homes,

800
00:40:23,520 --> 00:40:26,600
Speaker 1: you know, the the you know, the ones that are

801
00:40:26,680 --> 00:40:29,400
Speaker 1: square foot and below. This is where you see the

802
00:40:29,560 --> 00:40:31,920
Speaker 1: challenges first start to come in in these homes. And

803
00:40:31,920 --> 00:40:34,480
Speaker 1: we're already seeing that now in terms of an affordability

804
00:40:35,000 --> 00:40:37,600
Speaker 1: crisis for these people. A lot of people are priced

805
00:40:37,640 --> 00:40:40,880
Speaker 1: out the markets in the more expensive states, and it

806
00:40:40,880 --> 00:40:44,480
Speaker 1: will ripple across. Then you'll see it going into second

807
00:40:44,600 --> 00:40:48,120
Speaker 1: third homes, you know, growing families, things like that. See,

808
00:40:48,120 --> 00:40:52,120
Speaker 1: we'll see an affordability crisis eventually. But then, like what

809
00:40:52,200 --> 00:40:55,560
Speaker 1: happened in the UK, the UK said we're gonna do

810
00:40:55,600 --> 00:40:59,279
Speaker 1: this special program where you know, first time buyers don't

811
00:40:59,280 --> 00:41:01,080
Speaker 1: have to put such down at all, it's just a

812
00:41:01,120 --> 00:41:03,799
Speaker 1: few percents, and you know, and and they're doing all

813
00:41:03,840 --> 00:41:08,520
Speaker 1: these programs to help the market and help people get in. Well,

814
00:41:08,600 --> 00:41:11,000
Speaker 1: they did all these programs back in two thousand five

815
00:41:11,040 --> 00:41:14,360
Speaker 1: and six as well. It didn't help. It just overheated

816
00:41:14,400 --> 00:41:18,480
Speaker 1: the markets even more. Right, So these are the three

817
00:41:18,560 --> 00:41:21,720
Speaker 1: main things that you have in all housing markets around

818
00:41:21,800 --> 00:41:24,680
Speaker 1: the world. And some of them are even just exploding

819
00:41:24,960 --> 00:41:27,040
Speaker 1: a lot more than twenty five as well, where they've

820
00:41:27,040 --> 00:41:30,200
Speaker 1: got high inflation, people are trying to buy houses and

821
00:41:30,480 --> 00:41:33,319
Speaker 1: you know, so there's a lot going on. Yeah, I

822
00:41:33,320 --> 00:41:35,720
Speaker 1: guess when I look at you know, the United States

823
00:41:35,719 --> 00:41:39,120
Speaker 1: housing markets specifically, um, it's really being backstopped by the

824
00:41:39,120 --> 00:41:41,920
Speaker 1: Federal Reserve. So they're buying mortgage backed securities to prop

825
00:41:42,000 --> 00:41:45,360
Speaker 1: that up, providing lots of liquidity, lots of loans, etcetera,

826
00:41:45,760 --> 00:41:47,880
Speaker 1: UM and keeping the rates low. At the same time,

827
00:41:48,880 --> 00:41:51,319
Speaker 1: I ask myself, what's going to happen with the real

828
00:41:51,400 --> 00:41:54,680
Speaker 1: estate market. I mean, it seems that it's overheated, although

829
00:41:54,719 --> 00:41:57,120
Speaker 1: to your point, the monthly payments actually have come down.

830
00:41:57,160 --> 00:42:00,279
Speaker 1: The affordability is there, um, But we do have this

831
00:42:00,680 --> 00:42:02,759
Speaker 1: all these people that haven't making payments. So there's all

832
00:42:02,760 --> 00:42:05,719
Speaker 1: this forbearance that's out there. But the Fed could just

833
00:42:05,800 --> 00:42:08,799
Speaker 1: extend it another year. They could extend it five more years.

834
00:42:09,000 --> 00:42:11,640
Speaker 1: They could continue to buy mortgage best securities, or they

835
00:42:11,680 --> 00:42:14,520
Speaker 1: could not. And the problem is we don't know what's

836
00:42:14,520 --> 00:42:17,279
Speaker 1: in a person's head, right, we could maybe read what

837
00:42:17,320 --> 00:42:18,839
Speaker 1: the markets doing, we don't know it's in their head.

838
00:42:19,560 --> 00:42:23,000
Speaker 1: My thought process is they you know, the FED, between

839
00:42:23,040 --> 00:42:25,080
Speaker 1: the FED and the government monetary and fiscal stimulus was

840
00:42:25,120 --> 00:42:28,240
Speaker 1: about eight trillion dollars over the last year to prevent

841
00:42:28,280 --> 00:42:31,520
Speaker 1: the markets from crashing. Why would they spend a trillion

842
00:42:31,600 --> 00:42:33,839
Speaker 1: just to let it go now? So it seems like

843
00:42:33,960 --> 00:42:36,680
Speaker 1: why wouldn't they just continue that? And so my bet

844
00:42:36,719 --> 00:42:39,359
Speaker 1: is that they do. UM. But I don't know if

845
00:42:39,400 --> 00:42:44,400
Speaker 1: those same dynamics work in Canada. Australia or the UK. Yeah, well,

846
00:42:44,520 --> 00:42:47,640
Speaker 1: well actually most most of the year the countries, you've

847
00:42:47,680 --> 00:42:50,080
Speaker 1: got to think that pegged to the dollar. A lot

848
00:42:50,080 --> 00:42:51,680
Speaker 1: of people say, well, it doesn't matter if that pegged,

849
00:42:51,680 --> 00:42:55,160
Speaker 1: it's irrelevant. Well okay, if that's if it's irrelevant, and

850
00:42:55,239 --> 00:42:59,440
Speaker 1: you keep printing dollars like trillions and trillions, what happens

851
00:42:59,480 --> 00:43:03,239
Speaker 1: the explo prices of those other countries. You see, they've

852
00:43:03,360 --> 00:43:05,640
Speaker 1: got to do their own quee programs or they're gonna

853
00:43:05,880 --> 00:43:08,640
Speaker 1: the pricing is not gonna not gonna match. You know.

854
00:43:08,719 --> 00:43:12,520
Speaker 1: The USA people, uh, you know, it's the most globalized

855
00:43:12,560 --> 00:43:15,719
Speaker 1: country in terms of what do you export dollars? What

856
00:43:15,800 --> 00:43:19,080
Speaker 1: do you import goods and services from other countries. So

857
00:43:19,120 --> 00:43:22,759
Speaker 1: that's what's going on with the USA. Now. I have

858
00:43:22,800 --> 00:43:26,040
Speaker 1: a different theory, and it's very different to most people

859
00:43:26,160 --> 00:43:28,359
Speaker 1: I know. So you may not agree with this mark

860
00:43:28,440 --> 00:43:30,840
Speaker 1: and that's okay, we can we can discuss it. I

861
00:43:30,880 --> 00:43:35,120
Speaker 1: actually think in terms of interest rates, qui, etcetera. I

862
00:43:35,160 --> 00:43:37,839
Speaker 1: do think they're going to start tapering, and I think

863
00:43:37,840 --> 00:43:40,800
Speaker 1: they're probably going to start in twenty two. I don't

864
00:43:40,800 --> 00:43:43,400
Speaker 1: know when. I have no idea what month or anything

865
00:43:43,440 --> 00:43:45,879
Speaker 1: like that, but I think they're probably gonna come down

866
00:43:45,880 --> 00:43:49,800
Speaker 1: from the one twenty. I think they're probably going to

867
00:43:49,840 --> 00:43:52,759
Speaker 1: tape it down by say ten billion roughly per month,

868
00:43:53,200 --> 00:43:54,960
Speaker 1: and they'll do it over a one year period. Now

869
00:43:55,000 --> 00:43:58,400
Speaker 1: will they go down to zero? I don't think so.

870
00:43:58,640 --> 00:44:01,279
Speaker 1: I think they're still gonna do Maybe it could be ten,

871
00:44:01,400 --> 00:44:04,960
Speaker 1: twenty thirty. Who knows. They could go down to zero.

872
00:44:05,400 --> 00:44:08,759
Speaker 1: They could, but the challenges. Look what they tried to

873
00:44:08,800 --> 00:44:10,440
Speaker 1: do a couple of months ago. I think it was

874
00:44:11,080 --> 00:44:13,879
Speaker 1: with the NBS, the mortgage backed securities. They tried to

875
00:44:13,880 --> 00:44:15,719
Speaker 1: sell up some of the mbs and did you see

876
00:44:15,719 --> 00:44:19,120
Speaker 1: what happened? They quickly reversed it, and they were like, okay,

877
00:44:19,120 --> 00:44:21,440
Speaker 1: by and back, by and back. So what is it?

878
00:44:21,520 --> 00:44:24,759
Speaker 1: Fifty of all mortgages in the United States and now

879
00:44:24,840 --> 00:44:29,000
Speaker 1: owned or controlled by the Federal Reserve, a private institution

880
00:44:29,360 --> 00:44:33,200
Speaker 1: owned by shareholders that is neither federal nor Reserve of capital.

881
00:44:34,480 --> 00:44:36,839
Speaker 1: And that's very worrying. I want to recommend the book

882
00:44:36,840 --> 00:44:39,520
Speaker 1: to all of your subscribers actually called Lords of Finance.

883
00:44:40,239 --> 00:44:43,240
Speaker 1: It is such an incredible book and if they actually

884
00:44:43,280 --> 00:44:45,440
Speaker 1: read that there and it's a hard read. If you're

885
00:44:45,440 --> 00:44:48,600
Speaker 1: not a reader, forget it. But because it's a really

886
00:44:48,640 --> 00:44:51,880
Speaker 1: hard reading. It's really hard going, but it explains everything

887
00:44:51,880 --> 00:44:55,520
Speaker 1: that happened in previous crises, how the FED was, you know,

888
00:44:55,680 --> 00:44:58,480
Speaker 1: came about who the four key players were, you know,

889
00:44:58,520 --> 00:45:02,640
Speaker 1: with the bank you aren'ts the you know, the the

890
00:45:02,800 --> 00:45:06,279
Speaker 1: Bank of England, the FED, New York Fed and there

891
00:45:06,280 --> 00:45:09,239
Speaker 1: the Rich Bank in Germany, and you know, he talks

892
00:45:09,239 --> 00:45:11,839
Speaker 1: about all this stuff, and it's really crucial because when

893
00:45:11,840 --> 00:45:14,680
Speaker 1: you look at these patterns of history and what's occurred,

894
00:45:15,520 --> 00:45:18,279
Speaker 1: especially the O eight crisis, which is a sort of

895
00:45:18,360 --> 00:45:20,360
Speaker 1: template that I'm using for this crisis, and what I

896
00:45:20,400 --> 00:45:22,520
Speaker 1: think is going to happen. But let me get back

897
00:45:22,560 --> 00:45:25,000
Speaker 1: on point. So I think the QUEUEI they're going to

898
00:45:25,080 --> 00:45:30,000
Speaker 1: taper it down. Now will they raise interest rates? I

899
00:45:30,040 --> 00:45:32,319
Speaker 1: think if they're going to raise interest rates, they're going

900
00:45:32,360 --> 00:45:34,440
Speaker 1: to do something similar to that that they did before, and

901
00:45:34,480 --> 00:45:37,080
Speaker 1: it will be twenty five basis points, so zero point

902
00:45:37,160 --> 00:45:40,800
Speaker 1: to five. They could even do zero point one percent,

903
00:45:40,840 --> 00:45:43,520
Speaker 1: who knows this time around. But if they try and

904
00:45:43,560 --> 00:45:46,360
Speaker 1: do something severe, I mean, this is not Joane Powell,

905
00:45:46,400 --> 00:45:50,319
Speaker 1: is not Paul Volka, who in THROUTU eighty one, you know,

906
00:45:50,600 --> 00:45:53,160
Speaker 1: rates went from eleven to what was I think he

907
00:45:53,239 --> 00:45:56,240
Speaker 1: just bumped them up to they're not the same same person,

908
00:45:56,920 --> 00:45:59,279
Speaker 1: and in today's market and day and age, they're going

909
00:45:59,320 --> 00:46:02,680
Speaker 1: to bankrupt us government. There wasn't thirty trillion dollar. There

910
00:46:02,680 --> 00:46:06,320
Speaker 1: wasn't thirty trillion dollars of debt back then. No, there wasn't.

911
00:46:06,680 --> 00:46:09,560
Speaker 1: There wasn't um you know, so we have we have.

912
00:46:10,200 --> 00:46:11,600
Speaker 1: I don't even know what I was asking on with that,

913
00:46:11,600 --> 00:46:14,480
Speaker 1: but I'll let you jump back in Mark, Well, no,

914
00:46:14,520 --> 00:46:16,839
Speaker 1: I just I mean in in Paul Walker's day, I mean,

915
00:46:16,840 --> 00:46:18,959
Speaker 1: he raised interest rates, but they didn't have thirty trillion

916
00:46:19,000 --> 00:46:21,399
Speaker 1: dollars of debt. So you can't do that today. When

917
00:46:21,400 --> 00:46:23,680
Speaker 1: you have thirty twillion dollars of debt, it's it's unmanageable.

918
00:46:23,840 --> 00:46:25,680
Speaker 1: Trying to cover the interest on the debt already as

919
00:46:25,719 --> 00:46:28,839
Speaker 1: it is is almost impossible. So the chance of them

920
00:46:28,960 --> 00:46:33,120
Speaker 1: doing that is is basically zero at this point. But yeah,

921
00:46:33,160 --> 00:46:35,319
Speaker 1: I mean, that's what's the other option. You know, what's

922
00:46:35,320 --> 00:46:40,000
Speaker 1: the other option? If they don't, they just keep doing que. Well,

923
00:46:40,080 --> 00:46:42,680
Speaker 1: then if they keep doing que you will see a

924
00:46:42,719 --> 00:46:46,520
Speaker 1: case of hyperinflation. There is no other option you either,

925
00:46:46,920 --> 00:46:50,080
Speaker 1: you know, you either raise interest rates, you keep doing QWI.

926
00:46:50,360 --> 00:46:52,319
Speaker 1: There isn't really much of a middle ground. The stock

927
00:46:52,360 --> 00:46:54,120
Speaker 1: market's going to sniff it out. That's what they're trying

928
00:46:54,160 --> 00:46:57,440
Speaker 1: to do. You see, there's a there's a parent career option,

929
00:46:58,800 --> 00:47:01,680
Speaker 1: there is a third, scarier option, and they can control

930
00:47:01,680 --> 00:47:06,000
Speaker 1: inflation with price fixing. And we've seen that's usually one

931
00:47:06,040 --> 00:47:08,560
Speaker 1: of the last stages that a government goes through before

932
00:47:08,560 --> 00:47:11,120
Speaker 1: things really start to fall apart. So you look at

933
00:47:11,120 --> 00:47:14,120
Speaker 1: countries like Argentina or Venezuela. That's how they try to

934
00:47:14,160 --> 00:47:18,000
Speaker 1: prevent that inflation. They can't start printing money, but the

935
00:47:18,040 --> 00:47:20,320
Speaker 1: inflation is killing them. So the next stages then the

936
00:47:20,360 --> 00:47:23,239
Speaker 1: price fixing. Yeah, but you know, you can go back

937
00:47:23,239 --> 00:47:25,239
Speaker 1: to we can go back to the times of the

938
00:47:25,400 --> 00:47:29,480
Speaker 1: Roman Empire where they did price fixing. It doesn't work,

939
00:47:29,680 --> 00:47:33,000
Speaker 1: you know, as you know, it never works. And you know,

940
00:47:33,040 --> 00:47:35,040
Speaker 1: it got to the point there where they were taxing

941
00:47:35,160 --> 00:47:38,520
Speaker 1: the farmers and the blacksmith and you know, you know

942
00:47:38,560 --> 00:47:41,920
Speaker 1: the innkeep and what happened. People just walked away from

943
00:47:41,960 --> 00:47:45,760
Speaker 1: their farms. You know, it can get to that point again,

944
00:47:46,320 --> 00:47:48,200
Speaker 1: but I hope it wouldn't, you know. I just hope

945
00:47:48,200 --> 00:47:50,680
Speaker 1: that we get really good leadership over the next couple

946
00:47:50,680 --> 00:47:53,600
Speaker 1: of years. But with the way politics is controlled, I

947
00:47:53,640 --> 00:47:56,200
Speaker 1: just don't I just don't see it coming. Usually, if

948
00:47:56,200 --> 00:47:59,520
Speaker 1: you look at periods of history, the thing that changes

949
00:47:59,560 --> 00:48:03,000
Speaker 1: situateations like we're in right now, where you might have

950
00:48:03,520 --> 00:48:05,919
Speaker 1: a lot, you know, a very large percentage of the people,

951
00:48:05,960 --> 00:48:08,160
Speaker 1: even though they won't admit it. You know, I speak

952
00:48:08,160 --> 00:48:11,120
Speaker 1: to people every day and they will be acting one way,

953
00:48:11,160 --> 00:48:12,919
Speaker 1: but when I speak to them privately, they actually don't

954
00:48:12,920 --> 00:48:15,520
Speaker 1: agree with a lot of stuff that's going on. And

955
00:48:15,600 --> 00:48:18,799
Speaker 1: that's what I've tend to found is true with nine

956
00:48:18,800 --> 00:48:22,000
Speaker 1: out of ten people. They will pretend that they agree

957
00:48:22,080 --> 00:48:24,040
Speaker 1: with you everything that's that's going on, but they don't

958
00:48:24,080 --> 00:48:27,120
Speaker 1: really yes. So if you actually look at you know,

959
00:48:27,600 --> 00:48:30,480
Speaker 1: this as a whole, people will walk away. If the

960
00:48:30,520 --> 00:48:34,719
Speaker 1: government starts over taxing people and capital gains tax and

961
00:48:34,719 --> 00:48:37,840
Speaker 1: and everything else. You get to these really high rates,

962
00:48:38,160 --> 00:48:41,279
Speaker 1: people will just stop working or they'll walk away from it.

963
00:48:41,640 --> 00:48:45,480
Speaker 1: And I'm a prime example of this. My tax rate

964
00:48:45,600 --> 00:48:49,279
Speaker 1: is so exceptionally high in the UK, so I get

965
00:48:49,280 --> 00:48:55,160
Speaker 1: taxed in my businesses and that's corporation tax, and then

966
00:48:55,239 --> 00:48:57,680
Speaker 1: have to pay a sales tax on top. Because a

967
00:48:57,719 --> 00:49:00,440
Speaker 1: lot of the costs I can't pass on or even

968
00:49:00,520 --> 00:49:02,160
Speaker 1: if I do pass on, you know, in terms of

969
00:49:02,160 --> 00:49:04,359
Speaker 1: the sales tax, what I could have charged a higher

970
00:49:04,400 --> 00:49:07,640
Speaker 1: price anyway, you know, So all of these and that's

971
00:49:07,640 --> 00:49:10,359
Speaker 1: another twenty percent sales tax we pay. And then you've

972
00:49:10,360 --> 00:49:12,359
Speaker 1: got to pay the tax on the employees. You've got

973
00:49:12,360 --> 00:49:14,920
Speaker 1: to pay at tax to the local government on premises

974
00:49:14,920 --> 00:49:17,480
Speaker 1: and things like that. Already you're losing half your money

975
00:49:17,480 --> 00:49:20,160
Speaker 1: in taxes in the UK business. And then you want

976
00:49:20,160 --> 00:49:22,480
Speaker 1: to take dividends. Oh guess what, Neil, You're gonna have

977
00:49:22,520 --> 00:49:24,680
Speaker 1: to pay forty pc on your dividends. Or you want

978
00:49:24,719 --> 00:49:27,400
Speaker 1: to take a salary, Oh, you're gonna pay forty on

979
00:49:27,440 --> 00:49:30,359
Speaker 1: your salary once you get to these levels. And then

980
00:49:30,360 --> 00:49:32,680
Speaker 1: I want to spend my money, Oh now I've got

981
00:49:32,680 --> 00:49:35,560
Speaker 1: to pay twenty percent sales tax on my spending. Once

982
00:49:35,640 --> 00:49:38,120
Speaker 1: you get to these levels, like for me, for example,

983
00:49:38,600 --> 00:49:40,759
Speaker 1: I could do a lot more and I could earn

984
00:49:40,760 --> 00:49:42,719
Speaker 1: a lot more money and do a lot more investments,

985
00:49:42,760 --> 00:49:45,719
Speaker 1: but I just think, what's the point. I would rather

986
00:49:45,840 --> 00:49:49,719
Speaker 1: have the enjoyment of life and travel and things like that.

987
00:49:50,120 --> 00:49:52,759
Speaker 1: Then I would to earn you even more money than

988
00:49:52,800 --> 00:49:55,280
Speaker 1: I do right now. And this links back to your question.

989
00:49:55,280 --> 00:49:58,640
Speaker 1: You asked earlier about employees and the jobs market. This

990
00:49:58,719 --> 00:50:01,120
Speaker 1: is what people are seeing and our mark. You know,

991
00:50:01,160 --> 00:50:03,880
Speaker 1: they're they're saying to themselves, I'm killing myself in a

992
00:50:04,000 --> 00:50:06,399
Speaker 1: job that I don't enjoy. I'm stressed out and I'm

993
00:50:06,400 --> 00:50:09,200
Speaker 1: working really hard and I'm getting you know, this level

994
00:50:09,239 --> 00:50:11,839
Speaker 1: of tax on it. When I could you do my

995
00:50:11,880 --> 00:50:15,880
Speaker 1: own business? You know, I spent the lockdown learning new skills.

996
00:50:15,880 --> 00:50:17,520
Speaker 1: I want to start my own business. I want to

997
00:50:17,560 --> 00:50:20,400
Speaker 1: do this, I want to do that. Why would they

998
00:50:20,440 --> 00:50:22,960
Speaker 1: go back to that crazy stress for existence with the

999
00:50:23,040 --> 00:50:26,319
Speaker 1: high taxation when they can do their you know, be

1000
00:50:26,400 --> 00:50:28,920
Speaker 1: their own boss and things like that. So, of course,

1001
00:50:29,600 --> 00:50:33,239
Speaker 1: not everyone thinks like that. Not everyone has the same mindset.

1002
00:50:33,320 --> 00:50:36,400
Speaker 1: Not everyone wants to be an entrepreneur. Some people enjoy

1003
00:50:36,440 --> 00:50:38,640
Speaker 1: their job, and as I always say, if you enjoy

1004
00:50:38,680 --> 00:50:41,279
Speaker 1: your job, great that you know you've you've made it

1005
00:50:41,360 --> 00:50:43,440
Speaker 1: because you're in a job you enjoy stick with it.

1006
00:50:43,880 --> 00:50:46,200
Speaker 1: But a lot of people are unhappy. And that's another

1007
00:50:46,239 --> 00:50:49,160
Speaker 1: reason why you're seeing this mass migration out of the

1008
00:50:49,239 --> 00:50:52,759
Speaker 1: job market. And I said, you know, way back, you know,

1009
00:50:52,840 --> 00:50:55,120
Speaker 1: unemployment isn't going to drop like they're saying, Yeah, it's

1010
00:50:55,120 --> 00:50:57,759
Speaker 1: gonna drop from six to three. I've said from day

1011
00:50:57,760 --> 00:51:00,800
Speaker 1: one it won't because of unemployment, scarring and the mass

1012
00:51:00,840 --> 00:51:03,839
Speaker 1: movement of of jobs. And this is what they still

1013
00:51:03,880 --> 00:51:09,560
Speaker 1: can't see unfortunately. Yeah. Yeah, man, what a what a situation.

1014
00:51:09,640 --> 00:51:13,120
Speaker 1: Where in the last topic I'll jump into would be Um,

1015
00:51:13,200 --> 00:51:16,560
Speaker 1: so coming from the UK. Now in the US, you

1016
00:51:16,600 --> 00:51:19,800
Speaker 1: said you've traveled the sixty five different countries. Um, we

1017
00:51:19,880 --> 00:51:22,720
Speaker 1: talked about the problems in the market, the job markets

1018
00:51:22,719 --> 00:51:25,040
Speaker 1: to scarring. Um, we're also at a different time. The

1019
00:51:25,080 --> 00:51:27,080
Speaker 1: Internet has now allowed us to do things like we're

1020
00:51:27,120 --> 00:51:30,520
Speaker 1: doing right now. So, Um, being that you're an international

1021
00:51:30,560 --> 00:51:34,719
Speaker 1: man traveling around the world, still running your businesses, etcetera. Um,

1022
00:51:34,800 --> 00:51:38,320
Speaker 1: what kind of advice would you give to people that, uh,

1023
00:51:38,560 --> 00:51:41,560
Speaker 1: that are seeing this change, this great reset agenda, all

1024
00:51:41,560 --> 00:51:44,239
Speaker 1: these things happening. They're worried about it, like and and

1025
00:51:44,280 --> 00:51:47,399
Speaker 1: how do they navigate that? Should they start traveling, start

1026
00:51:47,440 --> 00:51:50,680
Speaker 1: thinking about moving somewhere, Should they start learning new skills

1027
00:51:50,680 --> 00:51:52,360
Speaker 1: that could be done anywhere in the world, Like, what

1028
00:51:52,440 --> 00:51:55,040
Speaker 1: kind of advice would you have for that? Yeah? Okay,

1029
00:51:55,040 --> 00:51:57,279
Speaker 1: So I'll give you an extreme example and then I'll

1030
00:51:57,320 --> 00:52:00,719
Speaker 1: give you a more realistic example. So if you want

1031
00:52:00,719 --> 00:52:03,719
Speaker 1: an extreme example, and you are you know, you want

1032
00:52:03,719 --> 00:52:06,200
Speaker 1: to plan for the worst case. I wouldn't be in

1033
00:52:06,239 --> 00:52:09,239
Speaker 1: the city. I would be selling up and I'd be

1034
00:52:09,320 --> 00:52:13,640
Speaker 1: moving more rurally. I'd be looking at how you can

1035
00:52:13,640 --> 00:52:15,560
Speaker 1: make sure you've got your own water source if there

1036
00:52:15,600 --> 00:52:18,239
Speaker 1: are cyber attacks on you know, the water and all

1037
00:52:18,239 --> 00:52:20,520
Speaker 1: these sort of things. Because you've seen this in other

1038
00:52:20,520 --> 00:52:24,120
Speaker 1: countries where you know, a nuclear power station has gone

1039
00:52:24,120 --> 00:52:26,960
Speaker 1: out or something like that. You can't pump water, you

1040
00:52:26,960 --> 00:52:29,320
Speaker 1: can't do all these things. People have to leave the areas,

1041
00:52:29,680 --> 00:52:31,839
Speaker 1: you know, they became migrants in a way, from their

1042
00:52:31,880 --> 00:52:35,160
Speaker 1: own economic migrants from their own areas. So I'd be

1043
00:52:35,200 --> 00:52:37,240
Speaker 1: planning for things like this. I'd be planning for food.

1044
00:52:37,600 --> 00:52:42,560
Speaker 1: I think it's crazy when people attack preppers, right, you know,

1045
00:52:42,560 --> 00:52:44,120
Speaker 1: it's a bit of a meme. It's a joke. At

1046
00:52:44,160 --> 00:52:46,880
Speaker 1: the moment everyone attacks preppers, they said, oh, they're crazy,

1047
00:52:46,960 --> 00:52:49,600
Speaker 1: and all they have the last few years. Human beings

1048
00:52:49,640 --> 00:52:54,640
Speaker 1: have been preppers for thousands of years, and it's at

1049
00:52:54,760 --> 00:52:57,480
Speaker 1: in the last dirty years that they've stopped because they

1050
00:52:57,520 --> 00:52:59,760
Speaker 1: could go to the grocery store. They can get something

1051
00:52:59,760 --> 00:53:02,880
Speaker 1: like bang on demand. What the wake up call for

1052
00:53:02,920 --> 00:53:07,279
Speaker 1: me was in March when I was in Spain and

1053
00:53:07,320 --> 00:53:11,160
Speaker 1: I got locked down in an apartment. I had no food.

1054
00:53:11,560 --> 00:53:13,799
Speaker 1: I had just some crackers. Me and my wife were like,

1055
00:53:13,960 --> 00:53:17,920
Speaker 1: oh my goodness. We went out. The police brought me

1056
00:53:18,000 --> 00:53:20,960
Speaker 1: back in the police car to the apartment. Yes, that

1057
00:53:21,000 --> 00:53:24,279
Speaker 1: actually happened. I wasn't allowed to go to the supermarket.

1058
00:53:25,080 --> 00:53:27,840
Speaker 1: Then I went the next day. I snook out again,

1059
00:53:28,239 --> 00:53:33,080
Speaker 1: because who cares? I snook went to market. Yeah, and

1060
00:53:33,200 --> 00:53:35,560
Speaker 1: I didn't know that in Spain supermarkets are closed on

1061
00:53:35,600 --> 00:53:39,680
Speaker 1: a Sunday. So here we were. And actually, I don't

1062
00:53:39,800 --> 00:53:41,760
Speaker 1: mind even saying this. I had to knock on people's

1063
00:53:41,800 --> 00:53:44,480
Speaker 1: doors for food, right, because what else are you going

1064
00:53:44,560 --> 00:53:46,520
Speaker 1: to do? You know, this is me as well, so

1065
00:53:46,600 --> 00:53:48,920
Speaker 1: if it can happen to me, it can happen to anyone.

1066
00:53:49,400 --> 00:53:53,280
Speaker 1: And then I got back to the UK and uh

1067
00:53:53,440 --> 00:53:55,640
Speaker 1: not not too far away from where my old house was,

1068
00:53:55,680 --> 00:53:59,320
Speaker 1: maybe five ten miles away the largest supermarket in Europe.

1069
00:54:00,080 --> 00:54:01,840
Speaker 1: I went in there. I made a video about this,

1070
00:54:01,880 --> 00:54:04,040
Speaker 1: you can see it on my channel. It was stripped,

1071
00:54:04,560 --> 00:54:07,160
Speaker 1: the shelves were empty, there was nothing. You could buy.

1072
00:54:07,239 --> 00:54:09,759
Speaker 1: Chocolate and wine and stuff like that, but you can't

1073
00:54:09,800 --> 00:54:12,799
Speaker 1: really live on chocolate and wine, although some people do.

1074
00:54:12,880 --> 00:54:16,560
Speaker 1: I'm sure you know. So this is the sort of

1075
00:54:16,600 --> 00:54:19,040
Speaker 1: extreme example. Make sure you've got food, make sure you've

1076
00:54:19,040 --> 00:54:22,520
Speaker 1: got water, like for us, as as I mentioned, like

1077
00:54:22,600 --> 00:54:25,040
Speaker 1: a whole family we sold up in California. We lived

1078
00:54:25,040 --> 00:54:28,680
Speaker 1: in Camario, which is Inventura County. We've sold up. The

1079
00:54:28,719 --> 00:54:33,080
Speaker 1: whole families moved to um like the closest cities, Lexing

1080
00:54:33,160 --> 00:54:36,440
Speaker 1: turn if you want to say that in Kentucky, um

1081
00:54:36,480 --> 00:54:38,359
Speaker 1: you know as well all the horse racing and things

1082
00:54:38,400 --> 00:54:41,320
Speaker 1: like that. Yeah, it's crazy. I just think, why didn't

1083
00:54:41,440 --> 00:54:43,920
Speaker 1: we all do this before? Where you get twice the

1084
00:54:43,960 --> 00:54:46,319
Speaker 1: size of house for your money, you know, then you

1085
00:54:46,360 --> 00:54:50,440
Speaker 1: could in California and it's just a really nice standard

1086
00:54:50,480 --> 00:54:53,720
Speaker 1: of living, nice community where your neighbors talked to one another.

1087
00:54:53,920 --> 00:54:56,520
Speaker 1: You know, it's not like you know, like that in

1088
00:54:56,600 --> 00:55:00,520
Speaker 1: California a lot of times. So that's an extreme example.

1089
00:55:00,920 --> 00:55:03,600
Speaker 1: Just make sure that you've got everything set up. We've

1090
00:55:03,640 --> 00:55:06,200
Speaker 1: definitely done that, taken care of this. But at the

1091
00:55:06,200 --> 00:55:08,400
Speaker 1: same time, we still have a small home in the

1092
00:55:08,520 --> 00:55:10,239
Speaker 1: UK that we're going to keep. We're not going to

1093
00:55:10,440 --> 00:55:12,640
Speaker 1: sell that home, Okay, so we've got we've got a

1094
00:55:12,640 --> 00:55:15,400
Speaker 1: backup plan now that's an example for me, and it's

1095
00:55:15,400 --> 00:55:18,240
Speaker 1: an extreme example, but for a lot of people, they're

1096
00:55:18,280 --> 00:55:20,640
Speaker 1: listening saying, look, I haven't got that sort of money,

1097
00:55:20,719 --> 00:55:23,480
Speaker 1: I can't do that sort of thing. I would say,

1098
00:55:23,920 --> 00:55:27,680
Speaker 1: if you can do your job remotely, I would definitely move.

1099
00:55:28,000 --> 00:55:30,440
Speaker 1: I don't think I would stay in the city. Even

1100
00:55:30,520 --> 00:55:33,360
Speaker 1: if somethings start to come back, like restaurants we we

1101
00:55:33,480 --> 00:55:36,360
Speaker 1: mentioned have started to come back. Even if everything starts

1102
00:55:36,360 --> 00:55:38,960
Speaker 1: to come back, it's gonna take years for it to recover,

1103
00:55:39,440 --> 00:55:42,600
Speaker 1: you know. And that's assuming we don't have a financial crisis,

1104
00:55:42,680 --> 00:55:45,879
Speaker 1: a crash in the market. Then you're really stuck because

1105
00:55:45,880 --> 00:55:48,279
Speaker 1: then you'd be stuck in the city where you think

1106
00:55:48,280 --> 00:55:50,319
Speaker 1: it was going to recover, and you can't sell your

1107
00:55:50,320 --> 00:55:53,000
Speaker 1: house because there was this big crash in the markets

1108
00:55:53,000 --> 00:55:55,200
Speaker 1: and it's affected the housing market and people haven't got

1109
00:55:55,280 --> 00:55:58,000
Speaker 1: jobs and they can't buy a new home and everything else.

1110
00:55:59,280 --> 00:56:01,479
Speaker 1: So I think, you know, and if you don't enjoy

1111
00:56:01,520 --> 00:56:04,080
Speaker 1: your job right now, this is another thing, and you've

1112
00:56:04,080 --> 00:56:06,360
Speaker 1: always wanted to be an entrepreneur, I think now is

1113
00:56:06,360 --> 00:56:08,520
Speaker 1: the perfect time to give it a try. What have

1114
00:56:08,600 --> 00:56:11,920
Speaker 1: you got to lose? Really, So I think that's a

1115
00:56:12,120 --> 00:56:15,400
Speaker 1: that's another thing, but just stick, you know, bring your

1116
00:56:15,400 --> 00:56:21,239
Speaker 1: budgets down, don't over overspend. One thing I learned when

1117
00:56:21,320 --> 00:56:23,239
Speaker 1: I when I first got got married to my wife,

1118
00:56:23,239 --> 00:56:26,839
Speaker 1: who's who's American is meeting a lot of American people

1119
00:56:26,840 --> 00:56:30,840
Speaker 1: get into the culture. It's very different from the European mindset.

1120
00:56:31,440 --> 00:56:33,920
Speaker 1: So in Europe people save a lot of their money.

1121
00:56:34,360 --> 00:56:37,440
Speaker 1: You know, you have an excess most months, even if

1122
00:56:37,440 --> 00:56:40,200
Speaker 1: it's a small excess, or you break even. What I

1123
00:56:40,280 --> 00:56:43,480
Speaker 1: discovered is that the average American you know, spends everything

1124
00:56:43,560 --> 00:56:46,200
Speaker 1: and sometimes they spend more, like on the credit cards,

1125
00:56:46,200 --> 00:56:49,040
Speaker 1: and they get the loans and they max everything out

1126
00:56:49,080 --> 00:56:53,719
Speaker 1: with monthly payments. And yeah, it's a clever financial system

1127
00:56:53,840 --> 00:56:56,880
Speaker 1: when times are good, but when times are bad is

1128
00:56:57,040 --> 00:57:00,680
Speaker 1: very very dangerous. So I start looking at that as well. Budgets.

1129
00:57:00,719 --> 00:57:04,560
Speaker 1: Bring those budgets down and see if you can, especially

1130
00:57:04,600 --> 00:57:08,360
Speaker 1: if you can work remotely. Definitely I would move. I

1131
00:57:08,360 --> 00:57:10,839
Speaker 1: wouldn't stay in an expensive place where you know your

1132
00:57:10,840 --> 00:57:13,279
Speaker 1: house has got up massively in value. I'd look to

1133
00:57:13,280 --> 00:57:16,280
Speaker 1: sell it. Move a little more rurally if possible, get

1134
00:57:16,280 --> 00:57:19,720
Speaker 1: a really strong internet connection, and you're gonna have a

1135
00:57:19,800 --> 00:57:22,320
Speaker 1: much better standard of living in my opinion, especially over

1136
00:57:22,360 --> 00:57:25,160
Speaker 1: the next few years and then you know, if things

1137
00:57:25,160 --> 00:57:27,120
Speaker 1: come back in a few years time, you can always

1138
00:57:27,120 --> 00:57:30,480
Speaker 1: move back. You know, you're not a tree, You're not

1139
00:57:30,600 --> 00:57:33,960
Speaker 1: fixed to one location. You can always sell your property

1140
00:57:33,960 --> 00:57:37,680
Speaker 1: and move back. Yeah. Yeah, that's a good point. I

1141
00:57:37,720 --> 00:57:41,720
Speaker 1: read for our work week, you know whatever, years ago,

1142
00:57:41,760 --> 00:57:43,880
Speaker 1: whenever that came out. One of the points that he

1143
00:57:43,960 --> 00:57:49,200
Speaker 1: made was that, um, nothing is irreversible. You know, nothing's irreversible.

1144
00:57:49,200 --> 00:57:51,680
Speaker 1: And we moved from California to Puerto Rico, and everyone

1145
00:57:51,720 --> 00:57:53,800
Speaker 1: thinks that's so crazy, but it's like, we're can just

1146
00:57:53,920 --> 00:57:57,040
Speaker 1: move back. We can just move back. So anyway, to

1147
00:57:57,040 --> 00:57:58,720
Speaker 1: your point, yeah that yeah, you're not a tree. You

1148
00:57:58,720 --> 00:58:00,920
Speaker 1: can just move So I love that, and so I

1149
00:58:00,960 --> 00:58:02,840
Speaker 1: wanted to get that perspective from you. Having been to

1150
00:58:02,880 --> 00:58:06,240
Speaker 1: sixty five countries, it's it's important, especially to your point.

1151
00:58:06,600 --> 00:58:08,080
Speaker 1: You know, in the United States, the culture is a

1152
00:58:08,080 --> 00:58:10,320
Speaker 1: little bit different. And as I travel a bunch, I

1153
00:58:10,400 --> 00:58:12,520
Speaker 1: noticed that you see international people traveling a bunch, but

1154
00:58:12,520 --> 00:58:14,439
Speaker 1: a lot of the United States people don't travel that much.

1155
00:58:14,800 --> 00:58:17,720
Speaker 1: And so it's important, important, important for that. But man,

1156
00:58:17,760 --> 00:58:19,440
Speaker 1: with that, I think we'll go ahead and sign it off,

1157
00:58:19,480 --> 00:58:21,640
Speaker 1: wrap it up. I know, we've covered a lot of topics.

1158
00:58:22,360 --> 00:58:24,600
Speaker 1: I appreciate you've taken the time to speak to us

1159
00:58:24,680 --> 00:58:27,240
Speaker 1: so much. Um Anything anything else that you want to

1160
00:58:27,280 --> 00:58:29,800
Speaker 1: add or draw attention to, people should follow you obviously

1161
00:58:29,880 --> 00:58:33,280
Speaker 1: will link to your YouTube channel. Anything else. No, I

1162
00:58:33,280 --> 00:58:35,840
Speaker 1: think we've covered most things. To be honest, Mark, I

1163
00:58:35,840 --> 00:58:39,280
Speaker 1: hope people got some some value, um, you know, from

1164
00:58:39,360 --> 00:58:41,760
Speaker 1: from what we've discussed today. And I just say to everyone,

1165
00:58:41,840 --> 00:58:46,040
Speaker 1: keep an open mind, right, don't watch as much mainstream media.

1166
00:58:46,240 --> 00:58:48,520
Speaker 1: Just try and keep an open mind on most topics.

1167
00:58:48,600 --> 00:58:52,200
Speaker 1: And one of the best lessons I ever learned in

1168
00:58:52,320 --> 00:58:56,840
Speaker 1: humility was that really what we know is zero point

1169
00:58:56,960 --> 00:58:59,400
Speaker 1: zero zero zero zero zero, and you can keep going

1170
00:58:59,520 --> 00:59:02,200
Speaker 1: one person and of of what really exists in this

1171
00:59:02,440 --> 00:59:05,440
Speaker 1: in this world. So it's a it's a good lesson

1172
00:59:05,480 --> 00:59:07,960
Speaker 1: for me to realize that I really know nothing. And

1173
00:59:08,000 --> 00:59:09,960
Speaker 1: people think I know a lot of stuff from all

1174
00:59:10,000 --> 00:59:14,440
Speaker 1: the reading and everything I do, but really I know nothing.

1175
00:59:14,720 --> 00:59:17,000
Speaker 1: That's that's the way I look at things like that.

1176
00:59:17,200 --> 00:59:20,560
Speaker 1: And when you don't take very strong stances either way

1177
00:59:20,560 --> 00:59:23,280
Speaker 1: on positions, and you try and remain neutral with whoever

1178
00:59:23,320 --> 00:59:27,360
Speaker 1: you are, whether they're a Democrat, Republican, and there they

1179
00:59:27,400 --> 00:59:31,520
Speaker 1: love Joe Biden, or they love Donald Trump, whoever. You know,

1180
00:59:31,560 --> 00:59:34,280
Speaker 1: I try and take a very neutral stance with everyone

1181
00:59:34,840 --> 00:59:37,400
Speaker 1: and see and usually if you do that, you don't

1182
00:59:37,400 --> 00:59:40,880
Speaker 1: have strong opinions and emotional spikes to it. You usually

1183
00:59:40,920 --> 00:59:43,160
Speaker 1: find some common ground with everyone, which is what I

1184
00:59:43,200 --> 00:59:47,000
Speaker 1: personally experience. Now does everyone experience that with me? Probably not,

1185
00:59:47,680 --> 00:59:51,000
Speaker 1: But that's one of my sort of key takeaways for

1186
00:59:51,240 --> 00:59:56,480
Speaker 1: you know, for having more successful relationships. For sure. Good stuff, Neil,

1187
00:59:56,840 --> 00:59:59,720
Speaker 1: thanks so much, appreciate it. Yeah, You're most welcome. Mark

1188
00:59:59,760 --> 01:00:21,320
Speaker 1: take right. I'll have these two and mm hmm. I

1189
01:00:21,360 --> 01:00:24,120
Speaker 1: could add hands Harmon Hopper as well. I think those

1190
01:00:24,160 --> 01:00:30,480
Speaker 1: three would be there that I need for before I'll

1191
01:00:30,520 --> 01:00:33,480
Speaker 1: add Ferdinand Lips. I've only read one book of his.

1192
01:00:33,600 --> 01:00:36,120
Speaker 1: He's only written one book. I think the book is

1193
01:00:36,120 --> 01:00:38,840
Speaker 1: called gold Wars, and it was highly influential on the

1194
01:00:38,880 --> 01:00:43,720
Speaker 1: Bitcoin standard. The Bitcoin standard was essentially to a very

1195
01:00:43,800 --> 01:00:48,040
Speaker 1: large extent. I think it was what Ferdinand Lips would

1196
01:00:48,040 --> 01:00:52,800
Speaker 1: have written if he was fifty years younger. Um. He

1197
01:00:53,000 --> 01:00:55,360
Speaker 1: died in two thousand, I think, or in the late nineties,

1198
01:00:55,880 --> 01:00:58,920
Speaker 1: and he was a Swiss banker who worked in Switzerland

1199
01:00:58,960 --> 01:01:04,000
Speaker 1: in banking and Um, he wrote a book on gold

1200
01:01:04,080 --> 01:01:06,000
Speaker 1: has Money in the History of Gold, and he understood

1201
01:01:06,240 --> 01:01:09,160
Speaker 1: the significance of hard money for civilization. He understood it

1202
01:01:09,240 --> 01:01:11,320
Speaker 1: very well and wrote about it very eloquently in that book,

1203
01:01:11,320 --> 01:01:14,040
Speaker 1: and it was enormously influential for me. So I would

1204
01:01:14,600 --> 01:01:18,520
Speaker 1: probably say these four Yeah, Mises hop rough part and

1205
01:01:18,760 --> 01:01:22,040
Speaker 1: furtherland lips nice, alright, good. I know I caught you

1206
01:01:22,080 --> 01:01:24,560
Speaker 1: off guard with that one, but but it was but

1207
01:01:24,640 --> 01:01:26,280
Speaker 1: I was good to hear that. Um cool with that.

1208
01:01:26,360 --> 01:01:28,600
Speaker 1: We're gonna wrap it up. I know you have that book.

1209
01:01:28,600 --> 01:01:31,280
Speaker 1: If you had Standard coming out really quickly, you were

1210
01:01:31,320 --> 01:01:34,720
Speaker 1: running a kickstarter. Is that still running or is that over? Yes,

1211
01:01:34,720 --> 01:01:36,840
Speaker 1: it's still running. You can you can go to my

1212
01:01:36,880 --> 01:01:40,680
Speaker 1: website safetan dot com slash Kickstarter or safety dot com

1213
01:01:40,680 --> 01:01:44,560
Speaker 1: slash t f S and Fiat Standard and you can

1214
01:01:44,600 --> 01:01:46,840
Speaker 1: pre order the book right now. It will be delivered

1215
01:01:46,840 --> 01:01:49,360
Speaker 1: in December, but you can get the draft of the book,

1216
01:01:49,400 --> 01:01:52,840
Speaker 1: the almost complete the draft still gonna be some editing done,

1217
01:01:53,040 --> 01:01:54,600
Speaker 1: but if you order now, you'll get the draft so

1218
01:01:54,600 --> 01:01:56,920
Speaker 1: you can read it now in digital format, and then

1219
01:01:56,920 --> 01:01:59,240
Speaker 1: in December you'll get the physical book, the digital book,

1220
01:01:59,400 --> 01:02:02,560
Speaker 1: and the audiobook and you can get a signed copy

1221
01:02:02,640 --> 01:02:04,560
Speaker 1: of it. Yes, and you can get a signed copy,

1222
01:02:04,640 --> 01:02:07,640
Speaker 1: and essentially the signed copies my way of Um. You know,

1223
01:02:07,680 --> 01:02:10,840
Speaker 1: people like donate to universities that they like. I'm sort

1224
01:02:10,880 --> 01:02:13,880
Speaker 1: of cutting out the middleman. And you know, if you

1225
01:02:13,920 --> 01:02:16,040
Speaker 1: want to support me working on these books, it takes

1226
01:02:16,080 --> 01:02:17,400
Speaker 1: a lot of time to write these books and I

1227
01:02:17,440 --> 01:02:20,360
Speaker 1: don't and I'm publishing. I'm self publishing them. Um. So

1228
01:02:20,400 --> 01:02:23,720
Speaker 1: instead of going to publishing house and taking an advance,

1229
01:02:23,800 --> 01:02:26,720
Speaker 1: I'm getting the advance essentially from my readers. So if

1230
01:02:26,720 --> 01:02:28,600
Speaker 1: you buy a signed copy, you get a signed copy,

1231
01:02:28,640 --> 01:02:29,840
Speaker 1: and you get listed in the book as one of

1232
01:02:29,840 --> 01:02:32,520
Speaker 1: the supporters of the book. So please do that. Yep,

1233
01:02:32,640 --> 01:02:34,320
Speaker 1: I got a signed copy of the Bitcoin Standard. I'm

1234
01:02:34,320 --> 01:02:36,120
Speaker 1: definitely getting a copy of the signed copy of the

1235
01:02:36,120 --> 01:02:38,080
Speaker 1: FED standard. So I'm in. I'm gonna put the link

1236
01:02:38,120 --> 01:02:41,440
Speaker 1: down below for everybody. I recommend that you go do that. Um,

1237
01:02:41,480 --> 01:02:42,840
Speaker 1: And with that we'll go ahead and sign it off.

1238
01:02:42,960 --> 01:02:45,880
Speaker 1: Thanks so much, Safety, thank you so much, Mark. Pleasure

1239
01:02:45,880 --> 01:02:47,400
Speaker 1: to take care all right.