WEBVTT - Global Macro, Real Estate, Navigating Great Reset | Neil McCoy-Ward 0:00:13.760 --> 0:00:16.800 Today, the global financial markets are more tied together than 0:00:16.840 --> 0:00:20.040 any time before in history. It seems like everything in 0:00:20.079 --> 0:00:23.520 the world is moving together, the economies, the financial markets, 0:00:24.000 --> 0:00:28.000 the medical problems and situations that we're dealing with, and 0:00:28.040 --> 0:00:30.000 so much more. And I talk a lot about the 0:00:30.040 --> 0:00:32.920 federal reserve of the dollar is the reserve currency of 0:00:32.960 --> 0:00:35.040 the entire world, and so that's why I do that. 0:00:35.080 --> 0:00:38.200 But today I'm joined by an international guest, somebody who's 0:00:38.360 --> 0:00:41.239 been to over sixty five countries, lived in numerous countries, 0:00:41.560 --> 0:00:44.120 and can help us tie what's going on in the 0:00:44.200 --> 0:00:46.640 United States with the rest of the world and give 0:00:46.720 --> 0:00:49.360 us that international perspective when it comes to real estate 0:00:49.680 --> 0:00:54.280 in other countries, um economies, jobs, etcetera. And understand this 0:00:54.360 --> 0:00:57.120 perspective helps us to get a much more complete picture 0:00:57.440 --> 0:00:59.760 of where we're at currently, but what to expect in 0:00:59.800 --> 0:01:03.840 the are in their future, and even how to prepare. Uh. 0:01:03.920 --> 0:01:05.959 He gives us a lot of that good information. I'm 0:01:06.000 --> 0:01:09.440 joined by Neil McCoy ward. Um, let's go ahead, jump 0:01:09.480 --> 0:01:12.840 right into it. Everyone. Welcome to another episode of The 0:01:12.840 --> 0:01:15.360 Market Disruptor Show. And today I am joined by Neil 0:01:15.440 --> 0:01:18.560 McCoy a Ward. He's a he's a businessman. It's TEO 0:01:19.040 --> 0:01:20.560 of a group of companies that are in the real 0:01:20.640 --> 0:01:23.160 estate market, but he's probably more better known as a 0:01:23.240 --> 0:01:26.880 macro financial market analysts on YouTube talk to a lot 0:01:26.880 --> 0:01:29.520 of the topics that I talked about, but with an international, 0:01:29.959 --> 0:01:32.400 um kind of outlook on it. So I'm super excited 0:01:32.400 --> 0:01:33.760 to talk to you today, Neil. Thanks so much for 0:01:33.840 --> 0:01:38.600 joining us. Yeah, you might welcome. Thanks for having me on. Yeah, so, 0:01:38.680 --> 0:01:41.399 I know, uh, you know, you do a lot of 0:01:41.400 --> 0:01:44.600 different things, as as we've talked about, UM, but you 0:01:44.640 --> 0:01:47.760 have this unique outlook. You've lived abroad, you know, international, 0:01:47.800 --> 0:01:50.320 you've lived in the United States. Um, why don't you 0:01:50.320 --> 0:01:51.880 just give us like a little bit of background on 0:01:51.880 --> 0:01:53.480 on you and what you're doing right now to give 0:01:53.520 --> 0:01:56.560 us that perspective. Yeah. So, I mean just before we 0:01:56.680 --> 0:01:59.320 jumped on and recorded this, I was saying, I mean, 0:01:59.320 --> 0:02:02.480 play a Delta m and then Mexico right now. And 0:02:02.640 --> 0:02:05.440 before that, I was in Costa Rica different places from 0:02:05.520 --> 0:02:10.640 Tamarindo to San Jose, etcetera. Before that, I was in Florida. 0:02:10.680 --> 0:02:14.360 Before that in Kentucky and California. So I tend to 0:02:14.400 --> 0:02:16.680 travel a lot. I mean, this is my sixty eight 0:02:16.880 --> 0:02:19.640 country now, I've been trying to stay out of the 0:02:19.760 --> 0:02:22.560 UK and the US as much as possible at the 0:02:22.600 --> 0:02:26.119 moment with everything just going on. You know, a lot 0:02:26.160 --> 0:02:29.119 of if people are watching your channel, then I don't 0:02:29.120 --> 0:02:31.320 need to sense of what I say here. But there's 0:02:31.320 --> 0:02:33.520 a lot of crazy stuff going on in the world, 0:02:33.520 --> 0:02:36.560 and it's it's and you know, like like yourself a 0:02:36.600 --> 0:02:39.320 student of history, When I look at everything that's happening, 0:02:39.360 --> 0:02:42.040 all the patterns and trying to link it together, the 0:02:42.120 --> 0:02:45.800 developments that I'm seeing are very worrying to me. So 0:02:45.840 --> 0:02:48.200 I just wanted to be away from that for a 0:02:48.240 --> 0:02:51.160 little bit, just so I can observe from the outside 0:02:51.160 --> 0:02:53.400 because when you're in it, because like most things, you 0:02:53.720 --> 0:02:55.839 don't see. You have these blind spots. You don't see 0:02:55.880 --> 0:02:57.680 what's going on. You don't see the development and how 0:02:57.760 --> 0:03:01.840 rapid things are happening. So that's who I am right now. Um, 0:03:01.880 --> 0:03:05.000 still doing my day job, you know, as a see over. 0:03:05.000 --> 0:03:08.160 The Forward Thinking Group still do that three days a week. 0:03:08.440 --> 0:03:10.480 Used to be six days a week. Obviously with everything 0:03:10.520 --> 0:03:13.120 that's happened over the last year, that's gone down. So 0:03:13.280 --> 0:03:16.079 running the YouTube channel and all the other platforms and 0:03:16.320 --> 0:03:19.639 things like that, that I do. Yeah, yeah, and uh, 0:03:19.800 --> 0:03:22.560 you know, so I know we were it seemed to 0:03:22.600 --> 0:03:24.520 be looking at a lot of the same things. Um, 0:03:24.600 --> 0:03:26.440 as you said, you know, people might channel know we're 0:03:26.720 --> 0:03:28.960 doing a lot of crazy stuff, and so, um, I 0:03:29.000 --> 0:03:31.320 see that we're both kind of seeing the same events happening, 0:03:31.320 --> 0:03:33.200 like I said, but maybe from a little bit different angles. 0:03:33.600 --> 0:03:36.520 So I'm excited to dig into those things today, like 0:03:36.560 --> 0:03:37.920 I said, with maybe a little bit more of a 0:03:37.920 --> 0:03:41.160 global fair flare to it. And I know, um specifically, 0:03:41.160 --> 0:03:43.360 what let's start, you know, just talking about the macro 0:03:43.560 --> 0:03:46.640 financial picture overall. And I spent a lot of time 0:03:46.680 --> 0:03:49.840 talking about the Federal reserve um, the dollar, it's the 0:03:49.920 --> 0:03:52.360 reserve currency of the world, and it drives the world markets. 0:03:52.360 --> 0:03:54.400 But at the same time, there's lots of other things 0:03:54.480 --> 0:03:57.080 going on out there in the world. So maybe just 0:03:57.120 --> 0:03:59.720 give us kind of this global macro picture that you 0:04:00.160 --> 0:04:03.520 see right now, with you know, inflation running at at 0:04:03.560 --> 0:04:05.880 at a sky high rate, you know, debt levels at 0:04:05.960 --> 0:04:08.200 levels that you know seem like they're you know, can't 0:04:08.200 --> 0:04:10.280 really go any higher. Kind of what's your what's your 0:04:10.320 --> 0:04:14.040 overall look and see how things are going right now? Yeah? Yeah, sure, 0:04:14.560 --> 0:04:18.360 what's interesting what you mentioned about inflation there, because just 0:04:18.400 --> 0:04:20.719 before jumping on this video, I was just looking through 0:04:20.760 --> 0:04:23.360 my comments on my YouTube channel and someone said, oh, 0:04:23.440 --> 0:04:25.520 you called it fifteen months ago. So I was like, 0:04:25.560 --> 0:04:27.960 what need you know the time stamp? And I forgot 0:04:27.960 --> 0:04:30.559 I'd said this, but fifteen months ago when the QUEI 0:04:30.720 --> 0:04:33.880 started the quantitative easing and all the trillion, you know, 0:04:34.040 --> 0:04:36.920 the all the money print currency printing, not money printing. 0:04:37.720 --> 0:04:39.839 I don't like to say the word money printing because 0:04:40.160 --> 0:04:42.640 it isn't money printing. In fact, they don't even print, 0:04:43.000 --> 0:04:45.760 They create it digitally. But I went back and looked 0:04:45.760 --> 0:04:48.599 and what I said in that video was that for 0:04:48.640 --> 0:04:52.560 every round of QUI they do give it twelve eighteen months, 0:04:52.560 --> 0:04:55.320 and you're going to see um an equivalent rate of 0:04:55.680 --> 0:05:00.240 inflation going into the monetary supply, because that is how 0:05:00.320 --> 0:05:02.320 it works. And again we get into these arguments with 0:05:02.680 --> 0:05:06.120 does que get into the money supply and things like that. Yes, 0:05:06.839 --> 0:05:09.080 for the most part, it does. You know, we could 0:05:09.120 --> 0:05:12.960 go back and forth and debate that, but sometimes these 0:05:13.000 --> 0:05:15.880 YouTubers they say, none of this que E gets into 0:05:15.880 --> 0:05:18.880 the currency supply. Well, let me just give you an example. 0:05:19.080 --> 0:05:21.479 How can you print or you know, and it was 0:05:21.520 --> 0:05:25.279 printing all of the currency and then giving stimulus to 0:05:25.360 --> 0:05:28.360 people and all the other the benefits and packages that 0:05:28.480 --> 0:05:31.800 happened ever last year. So people actually get the dollars 0:05:31.839 --> 0:05:34.240 in their hands. How can people say that is not 0:05:34.600 --> 0:05:37.840 que getting into the the economy. Obviously it is. I 0:05:37.880 --> 0:05:41.200 don't know where you know, people get get these ideas from, 0:05:41.680 --> 0:05:43.840 but this is what's going in. So what we're seeing 0:05:43.920 --> 0:05:46.120 now in terms of inflation, I've been tracking for a 0:05:46.160 --> 0:05:48.520 long long time. My opinion hasn't really changed on it. 0:05:49.000 --> 0:05:51.320 The inflation is going to keep going on as well, 0:05:51.560 --> 0:05:55.920 but I don't see hyper inflation. Yes, it could happen 0:05:56.560 --> 0:05:59.680 if you get to that point where the federal reserves say, okay, 0:05:59.720 --> 0:06:02.600 we've got two options. We're in a liquidity trap. We 0:06:02.680 --> 0:06:05.920 either keep doing QUEI and keep it going, but there's 0:06:05.960 --> 0:06:09.560 even a limit to quis as you know, or they 0:06:09.680 --> 0:06:13.520 raise interest rates. There aren't really that many of the options. 0:06:13.600 --> 0:06:16.440 Although what do we have. We have this wildcard right now, 0:06:16.480 --> 0:06:18.640 which is the cb d C. I've seen that You've 0:06:18.680 --> 0:06:22.240 talked about it a lot in your channel. The CBDC 0:06:22.320 --> 0:06:25.360 is an interesting one, and right now I have theories 0:06:25.400 --> 0:06:28.200 on what might happen when it might look like. But 0:06:28.240 --> 0:06:31.359 I don't think anyone can see with absolute certainty exactly 0:06:31.400 --> 0:06:33.240 what's going to happen there. But there's a lot of 0:06:33.240 --> 0:06:36.680 concerning developments that I have around the CBDC. How's it 0:06:36.720 --> 0:06:39.520 going to run? Will there be social credit scores like 0:06:39.560 --> 0:06:42.800 they've been trialing in in China? You know what? What 0:06:42.880 --> 0:06:44.080 how is this going to look? Are they going to 0:06:44.200 --> 0:06:46.920 run it concurrently with the a U s Dollar as 0:06:46.960 --> 0:06:49.480 it is today? And then what's going to happen with 0:06:49.520 --> 0:06:51.520 all the other currencies packed to the dollar? How they 0:06:51.720 --> 0:06:54.920 you know, there's there's a lot of questions that remain unanswered. 0:06:55.480 --> 0:06:57.760 But in terms of how I see the global economy 0:06:57.839 --> 0:07:00.760 right now, we're all inter linked. You know, the the 0:07:00.880 --> 0:07:04.080 US can't do something without other other countries having to 0:07:04.080 --> 0:07:06.479 do something with their currencies as well. This is the 0:07:06.480 --> 0:07:10.920 outvent of globalization. Hey guys, let me just interrupt this 0:07:10.960 --> 0:07:13.600 interview real quick, just to plug the show sponsor, and 0:07:13.680 --> 0:07:17.000 that is block Fi. Now. Block five is doing amazing 0:07:17.080 --> 0:07:20.080 things in the bitcoin finance space. As a matter of fact, 0:07:20.080 --> 0:07:22.240 they've cracked some really big news by bringing on the 0:07:22.440 --> 0:07:26.360 x cftc UM chair Chris gian Carlo Um and they 0:07:26.400 --> 0:07:30.200 are one of the most transparent, most heavily regulated UM 0:07:30.240 --> 0:07:32.360 companies inside the United States, which gives me a lot 0:07:32.400 --> 0:07:35.239 of trust into what their services are. Now, I've recently 0:07:35.280 --> 0:07:38.560 did a video talking about how to retire off bitcoin, 0:07:38.840 --> 0:07:41.680 and you can do that by leveraging debt and interest 0:07:41.720 --> 0:07:45.640 against bitcoin. And Block five is the number one company 0:07:45.680 --> 0:07:47.560 in the United States or maybe in the world to 0:07:47.720 --> 0:07:50.400 go to and use UM. They are leading the charges 0:07:50.520 --> 0:07:52.360 or paying interest on your bitcoin if you park it 0:07:52.400 --> 0:07:54.680 with them, or you can borrow against it. Now, as 0:07:54.680 --> 0:07:56.920 I broke down in that video, you can borrow against 0:07:56.960 --> 0:07:59.840 your bitcoin, and when you take debt against it, it's 0:07:59.840 --> 0:08:02.120 not taxable. It's not a taxable event. You can use 0:08:02.120 --> 0:08:03.960 that debt for anything that you want, including to live 0:08:04.000 --> 0:08:06.240 off of to leverage up and buy more, or roll 0:08:06.280 --> 0:08:08.680 it into another asset. UM. You can do something like 0:08:08.720 --> 0:08:11.280 I've done recently, like sell some real estate put that 0:08:11.320 --> 0:08:14.280 money into bitcoin. Now as that bitcoin price has risen, 0:08:14.280 --> 0:08:16.400 I'm able to borrow against it and go back and 0:08:16.440 --> 0:08:18.840 buy the same real estate or something similar, and I 0:08:18.880 --> 0:08:21.960 still own the bitcoin, and I also own the new 0:08:22.000 --> 0:08:24.000 asset as well. Lots of ways you can do this 0:08:24.320 --> 0:08:27.000 UM and Block five is the company that I recommend. 0:08:27.160 --> 0:08:29.000 Down in the description, I have a link that you 0:08:29.000 --> 0:08:30.720 can click on. If you choose to use that link, 0:08:30.760 --> 0:08:32.360 you can earn up the two d fifty dollars in 0:08:32.440 --> 0:08:35.000 bitcoin just for using that link. So check out block 0:08:35.000 --> 0:08:37.920 fine now. And I think the next time we have 0:08:38.000 --> 0:08:40.760 a crisis it's going to be even bigger than the 0:08:40.840 --> 0:08:45.280 last crisis because of the interconnectivity with all of the 0:08:45.280 --> 0:08:50.280 countries and the banks. Now, yeah, well the next crisis 0:08:50.320 --> 0:08:53.280 that we're still in it it's not going away. So 0:08:54.040 --> 0:08:58.760 it looks like I saw today, um uh shoot, I 0:08:58.880 --> 0:09:00.880 want to say it was a health matter for Iceland. 0:09:01.240 --> 0:09:04.360 One of those countries over there said that that even 0:09:04.400 --> 0:09:09.000 with their population um already got the jab we'll call it, 0:09:09.040 --> 0:09:12.440 that they still see that these restrictions will remain in 0:09:12.440 --> 0:09:15.880 place somewhere between five up to fifteen years, that's what 0:09:15.920 --> 0:09:19.720 they said. But anyway, UM, so you know in the 0:09:19.800 --> 0:09:22.640 United States, I know, you know, about thirty five of 0:09:22.640 --> 0:09:24.480 all the dollars in existence were created in the last 0:09:24.480 --> 0:09:27.240 twelve months, and so if you inflate the money supply 0:09:27.320 --> 0:09:29.640 by thirty then you would expect prices to go up 0:09:29.640 --> 0:09:32.480 by about thirty percent. And we have right home. Prices 0:09:32.480 --> 0:09:35.880 are up, um, you know on the year. Um, some 0:09:35.920 --> 0:09:38.520 prices are like lumber three, and so it's a little 0:09:38.520 --> 0:09:42.280 bit different. Um, however, can I just jump in on that. 0:09:43.200 --> 0:09:46.240 So the lumber went up three not for all the 0:09:46.280 --> 0:09:49.120 reasons people were talking about. They're saying, oh, you know, 0:09:49.320 --> 0:09:51.840 is this reason that reason? And supply. Part of it 0:09:51.920 --> 0:09:54.120 was supplied, but part of it was manipulation on the 0:09:54.120 --> 0:09:57.480 futures contracts, which no one seems to know about. I 0:09:58.480 --> 0:10:00.120 don't know, I don't know why, but no one, but 0:10:00.160 --> 0:10:02.160 this is what it was. It was just more manipulation. 0:10:02.240 --> 0:10:05.120 Like we've seen the silver market and precious metals and 0:10:05.160 --> 0:10:08.559 all of them. It's pure manipulation. And now so yes, 0:10:08.600 --> 0:10:11.520 it was at that's back down to seventy percent as 0:10:11.559 --> 0:10:14.080 we've had all the you know, um, and I'll tell 0:10:14.120 --> 0:10:16.200 you another thing. Some of the mills I like to, 0:10:16.480 --> 0:10:18.640 you know, do this sort of in depth research and 0:10:18.679 --> 0:10:22.120 look at this and sometimes call up people. They were 0:10:22.160 --> 0:10:24.520 saying that they couldn't get the supply out, Like it 0:10:24.559 --> 0:10:27.760 wasn't a case of they had no supply. It was 0:10:27.840 --> 0:10:32.040 stacked up and people like funds had bought this this 0:10:32.200 --> 0:10:34.360 lumber and they were just saying we'll pay you X 0:10:34.360 --> 0:10:36.920 amount to store it because they're making money on all 0:10:36.920 --> 0:10:39.520 the contracts. So it wasn't a case that there was 0:10:39.760 --> 0:10:42.720 this big supply shortage. They just couldn't get the timber 0:10:42.800 --> 0:10:45.559 into to actually deal with it. So there's a lot 0:10:45.600 --> 0:10:47.600 more to that that than meets. And of course now 0:10:47.640 --> 0:10:49.720 we've had all the supply coming back through, so number 0:10:49.760 --> 0:10:53.079 still up. Se this has a knock on house building, 0:10:53.280 --> 0:10:56.480 new house building. What have we seen nineteen point one 0:10:56.480 --> 0:10:59.480 percent I think it was announced this week down on 0:10:59.520 --> 0:11:02.560 the new new new home sales and all this everything 0:11:02.640 --> 0:11:07.600 is interconnected. It's like a giant spider web of globalization. 0:11:08.120 --> 0:11:10.360 And another thing with the timber that was just talked 0:11:10.400 --> 0:11:12.320 about this week is now we're having these you know, 0:11:12.360 --> 0:11:15.520 these huge forest fires just ripping through the US and 0:11:15.840 --> 0:11:17.720 now they're concerned this is going to have an impact 0:11:17.800 --> 0:11:21.160 on on timber going forward as well. It's you know, 0:11:21.160 --> 0:11:24.240 we're living in a crazy world right now. Yeah, it 0:11:24.360 --> 0:11:26.600 is all connected. It's interesting to see how that works. 0:11:26.920 --> 0:11:28.680 Um And so you know, we see all those prices 0:11:28.720 --> 0:11:30.320 going up, and like I said, I kind of focused 0:11:30.320 --> 0:11:33.080 on that in the United States. But are we seeing 0:11:33.200 --> 0:11:35.679 I mean, are we seeing that throughout the world, through 0:11:35.720 --> 0:11:38.480 the UK, through Europe. I mean, prices on all these 0:11:38.480 --> 0:11:42.120 things are going up, used car prices, home prices, lumber prices. 0:11:42.400 --> 0:11:46.400 Is this a global thing? Yeah, definitely. In fact, the 0:11:46.480 --> 0:11:50.760 US hasn't even got the brunt of this inflation. You 0:11:50.840 --> 0:11:53.600 go to some of the countries in Africa, you go 0:11:53.679 --> 0:11:57.760 to to Venezuela, you go to Lebanon and some other places. Now, 0:11:57.920 --> 0:12:00.240 of course, each one is an island and it's health 0:12:00.280 --> 0:12:01.920 in that. You can't just take it as a whole. 0:12:02.280 --> 0:12:04.800 There's other things going on in terms of hyper inflation 0:12:04.920 --> 0:12:07.760 some of those places. But yeah, look at food prices 0:12:07.800 --> 0:12:10.160 if you go you could go to some countries in Africa. 0:12:10.240 --> 0:12:12.880 Now there's so many that I can't even name them all. 0:12:13.200 --> 0:12:15.360 And the food prices some of them have doubled or more. 0:12:15.480 --> 0:12:18.360 I mean you're talking about one hundred percent inflation in 0:12:18.400 --> 0:12:22.200 food prices, not ten percent like we're or or you 0:12:22.240 --> 0:12:24.880 know around that. It depends on the food product, of course, 0:12:24.920 --> 0:12:27.600 and you can't rely on the CPI because they swap 0:12:27.600 --> 0:12:29.920 out the different food products and put other ones in 0:12:30.080 --> 0:12:33.280 a lower Why do they do that, Because you've got 0:12:33.280 --> 0:12:34.920 to think of it like this. If they tell the 0:12:34.960 --> 0:12:37.720 true figures on the c p I. What's connected to 0:12:37.760 --> 0:12:40.839 the CPI the pensions is all the money they're in 0:12:40.880 --> 0:12:43.439 the pensions to cover the pensions. I don't think so. 0:12:43.640 --> 0:12:48.520 I think it's somewhere else. So again it's all connected, Yeah, definitely, Yeah, 0:12:48.520 --> 0:12:50.960 we know the money is not there. UM. So we 0:12:51.040 --> 0:12:53.600 have all these prices going up, and then we have 0:12:54.000 --> 0:12:56.800 UM that you know, those are asset that's asset inflation, 0:12:56.840 --> 0:13:00.080 that's consumer good in prices inflation. But then we have, 0:13:00.280 --> 0:13:02.440 you know, problems were I think both of us have 0:13:02.520 --> 0:13:05.319 kind of dug into this where we have worker shortages 0:13:05.400 --> 0:13:07.760 all across. I know I've been traveling quite a bit 0:13:07.800 --> 0:13:11.920 as you have, UM, and I recently spent two weeks 0:13:11.920 --> 0:13:14.560 in Florida going around different places, and many of the 0:13:14.600 --> 0:13:17.439 hotels I stayed at had to cut down all their services. 0:13:17.760 --> 0:13:20.120 They couldn't open a capacity, they didn't have room service, 0:13:20.120 --> 0:13:22.760 they couldn't open the restaurant just because they didn't have workers, 0:13:23.520 --> 0:13:26.080 which then causes UM employers to have to raise their 0:13:26.120 --> 0:13:28.640 prices or i'm sorry, the rates they pay, which at 0:13:28.679 --> 0:13:31.319 leads the more inflation. UM. What are your what's your 0:13:31.320 --> 0:13:34.720 take on this worker shortages and the government paying people 0:13:34.720 --> 0:13:37.600 not to work. Yeah, well, if if you'll allow me, 0:13:37.600 --> 0:13:39.680 I'd like to talk on another point with that as well, 0:13:39.760 --> 0:13:43.720 which is unemployment scarring. So we'll talk about unemployment scarring 0:13:44.000 --> 0:13:47.760 and directly after this. So what I see with the 0:13:48.160 --> 0:13:51.760 worker shortage, all of these bailouts that some of the 0:13:51.800 --> 0:13:54.240 companies got last year that was supposed to be for 0:13:54.600 --> 0:13:58.160 you know, the pandemic related um you know, economy and 0:13:58.960 --> 0:14:02.720 helping things along. A lot of these companies took that money, 0:14:02.720 --> 0:14:05.320 that bail out money, and they did share buy backs 0:14:05.360 --> 0:14:08.800 with the money. What should they have done? Research and development, 0:14:09.559 --> 0:14:14.120 staff training, helping their employees. The bedrock of any company 0:14:14.240 --> 0:14:17.640 is your employees. You've got to look after your employees. 0:14:18.120 --> 0:14:20.920 And unfortunately, what we've seen, especially in the United States, 0:14:21.000 --> 0:14:23.520 it's not as predominant in other in other countries, but 0:14:23.680 --> 0:14:26.760 it still exists in the United States a lot of 0:14:26.800 --> 0:14:29.440 the because you have the lobbyists and all this. You know, 0:14:29.440 --> 0:14:32.000 there's a lot of corruption, although we can't call it 0:14:32.000 --> 0:14:34.640 corruption of course, but there is all this lobbying and 0:14:34.680 --> 0:14:37.360 everything else that goes on. It doesn't create this free 0:14:37.360 --> 0:14:41.120 market economy. So you have all of these huge companies, 0:14:41.600 --> 0:14:45.160 these monopolies that are just growing, growing, growing, and then 0:14:45.200 --> 0:14:47.240 you have all the small business owners, the same s 0:14:47.560 --> 0:14:51.120 small to medium sized enterprises. They have been crashing and 0:14:51.160 --> 0:14:54.160 going bankrupt in the economy, and this is really where 0:14:54.200 --> 0:14:58.000 we we we move on to unemployment scarring. So a 0:14:58.040 --> 0:15:02.720 lot of people don't understand this, but six it depends 0:15:02.720 --> 0:15:06.400 on the country of employees are employed by the sames, 0:15:06.440 --> 0:15:10.560 the small to medium sized enterprises businesses. So when you 0:15:10.600 --> 0:15:14.200 have this huge crash in these businesses and these huge bankruptcies, 0:15:14.520 --> 0:15:18.680 what actually happens is you lose those employees, so they 0:15:18.800 --> 0:15:21.720 you know, they they lose their jobs, things like that. 0:15:22.680 --> 0:15:25.800 Where does most of the spending into GDP come from? 0:15:25.800 --> 0:15:28.840 From consumer spending? I mean, this is just basics, very 0:15:28.880 --> 0:15:32.040 common sense stuff. So if these people don't have a 0:15:32.120 --> 0:15:35.480 job anymore, how can they spend into the economy and 0:15:35.480 --> 0:15:37.840 boost the g d P. See, I don't even think 0:15:37.840 --> 0:15:41.320 the GDP was genuine what came out last year because 0:15:41.320 --> 0:15:44.240 what they included into the GDP was all the stimulus 0:15:44.280 --> 0:15:47.440 and everything else that they created. And then you've got 0:15:47.440 --> 0:15:50.000 to think when that stimulus went to people's hands, they 0:15:50.040 --> 0:15:53.160 then spent that stimulus. What was that recorded in g 0:15:53.320 --> 0:15:55.920 d P. So You've got a lot of stuff going 0:15:55.960 --> 0:15:58.280 on here, which I think is going to cause a 0:15:58.320 --> 0:16:02.000 crisis very soon because people are just saying I quit 0:16:02.040 --> 0:16:04.560 from their jobs. And I know a lot of people 0:16:04.760 --> 0:16:08.440 who had to work through this last year, and yet 0:16:08.440 --> 0:16:11.720 their coworkers were sat at home not having to work. 0:16:11.800 --> 0:16:14.280 And you know, we make this sort of joke that 0:16:14.320 --> 0:16:16.880 they sat there drinking a beer watching Netflix for a year, 0:16:16.920 --> 0:16:19.960 but obviously that isn't what what what people were doing. 0:16:20.440 --> 0:16:26.080 They're all watching HBO instead. Probably, Yeah, you know, a 0:16:26.080 --> 0:16:28.760 lot of what they've been doing is learning new skills. 0:16:29.520 --> 0:16:33.040 And here's the problem, and again it's a problem for employers, 0:16:33.160 --> 0:16:37.280 not for you know, individuals like curse freethinking people. When 0:16:37.320 --> 0:16:40.480 you get a lot of time human psychology, what it 0:16:40.600 --> 0:16:44.120 is we start to think. When you're running around like 0:16:44.120 --> 0:16:47.560 a headless chicken, driving out to work on a train 0:16:47.640 --> 0:16:51.320 or whatever, working stressful job all day, traveling back, all 0:16:51.360 --> 0:16:53.000 you do is get home. You're exhausted, and you do 0:16:53.040 --> 0:16:55.520 that five six days a week. There's no way you 0:16:55.560 --> 0:16:58.240 can think and get freedom of thought and figure out 0:16:58.280 --> 0:17:00.120 what you want to do with your life. So you 0:17:00.160 --> 0:17:03.760 get this free time to think and relax, you start 0:17:03.800 --> 0:17:08.119 to realize what's really important to you, combined with you know, 0:17:08.160 --> 0:17:10.640 what happened at the start, where you know, the health 0:17:10.720 --> 0:17:13.359 organizations or whatever are saying this could be a five 0:17:13.440 --> 0:17:16.240 to six per death rate from from COVID and things 0:17:16.280 --> 0:17:18.960 like that. And look, I was one of the first 0:17:18.960 --> 0:17:22.000 people to to be like, oh my goodness, this is 0:17:22.200 --> 0:17:24.760 really really bad. Five to six That is not you know, 0:17:24.800 --> 0:17:28.360 that's no joke. And of course when all the lockdowns happened, 0:17:28.680 --> 0:17:31.879 I wasn't the one saying we shouldn't be doing these lockdowns. 0:17:31.880 --> 0:17:34.760 This is a terrible idea, et cetera. I was agreeing 0:17:34.800 --> 0:17:36.640 with it. I'm saying, okay, that was a good decision. 0:17:36.920 --> 0:17:40.159 Five death rate. We can't have this. This is just 0:17:40.480 --> 0:17:43.719 you know, it's a bad, bad situation. But then when 0:17:43.760 --> 0:17:46.640 everything comes out and the true statistics come out, it's 0:17:46.680 --> 0:17:49.760 a case of okay, you can't just look at one 0:17:50.000 --> 0:17:52.879 measurability here. You also have to look at things on 0:17:52.920 --> 0:17:55.320 the other side. You have to look at mental health 0:17:55.359 --> 0:17:59.800 and suicide rates and the business collapses, which is proven 0:18:00.040 --> 0:18:03.040 from previous recessions. If you actually look at you know, 0:18:03.080 --> 0:18:06.000 previous recessions and the data, you see what goes up 0:18:06.040 --> 0:18:11.280 mental health rates and problem, suicides, business collapses, unemployment. It 0:18:11.320 --> 0:18:13.520 all has a knock on effect. So look, I'm not 0:18:13.600 --> 0:18:16.960 saying anything you know, negative against any of your viewers 0:18:17.040 --> 0:18:20.480 that you know are like hardcore into all of this 0:18:20.560 --> 0:18:23.560 and you get what I'm saying. What I'm really saying 0:18:23.680 --> 0:18:26.480 is you've got to be objective and you've got to 0:18:26.520 --> 0:18:30.720 look at everything and then make decisions, especially economic decisions. 0:18:31.680 --> 0:18:33.600 Things are not on island. You can't just take it 0:18:34.000 --> 0:18:36.320 um as it is. And of course that's where the 0:18:36.359 --> 0:18:40.080 media comes in, and we won't get into all of that. Yeah, 0:18:40.280 --> 0:18:43.639 I'm curious this was I'm curious your take on this 0:18:43.760 --> 0:18:45.920 coming from the UK and now being in the US 0:18:46.000 --> 0:18:48.879 as well. But you know, the US was built on 0:18:49.040 --> 0:18:52.920 individualism and it's really, um, we get caught up in 0:18:53.119 --> 0:18:56.720 all these words and I think words loser meaning and 0:18:56.800 --> 0:19:02.720 socialism and fascism and communism and capitalism and authoritarianism and whatever, um. 0:19:02.720 --> 0:19:04.520 But really, if we were just gonna make it simple, 0:19:04.560 --> 0:19:06.520 you kind of just have like two systems and it's 0:19:06.560 --> 0:19:10.440 like individualism or collectivism or um, you know, free open, 0:19:10.480 --> 0:19:15.159 competitive versus like captured, controlled, planned, um. But you know 0:19:15.640 --> 0:19:18.800 there's this whole narrative that's really been pushed globally, which 0:19:18.880 --> 0:19:22.919 is we're all in this together. The reality is that 0:19:23.000 --> 0:19:25.160 none of us are ever in anything together, right, We're 0:19:25.200 --> 0:19:28.360 always in this differently. So for example, um, a few 0:19:28.359 --> 0:19:30.520 months ago, I had to have some surgery on my hip, 0:19:30.880 --> 0:19:34.040 and I went to my doctor and he sat me 0:19:34.080 --> 0:19:36.560 down and he said, here's your options. You have this option, 0:19:36.960 --> 0:19:39.640 but because of your age and because of the condition, 0:19:39.760 --> 0:19:41.919 you know, these are the risk that you face, or 0:19:41.960 --> 0:19:44.560 we could try this, and these are the options, and 0:19:44.600 --> 0:19:47.280 these are the risks, and so what what do you 0:19:47.320 --> 0:19:49.720 want to do? And I'm like, well, given my life 0:19:49.720 --> 0:19:52.080 and what I want to do, I know this is 0:19:52.080 --> 0:19:53.680 a better option. But I'd rather do this, and I'd 0:19:53.760 --> 0:19:56.160 rather take these risks. But it's up to me because 0:19:56.200 --> 0:19:59.040 of my age and my health and my activity level, 0:19:59.320 --> 0:20:02.040 which is going to be different than yours. Like you 0:20:02.119 --> 0:20:05.760 and I don't face the same situation. Uh, you know, 0:20:05.920 --> 0:20:08.400 the doctor typically always tell you to stay home, stay 0:20:08.400 --> 0:20:09.679 off of it, but like, that may not be an 0:20:09.720 --> 0:20:11.200 option for me. I may need to go to work, 0:20:11.520 --> 0:20:14.680 and so the risk of reinjuring it might be less 0:20:14.720 --> 0:20:16.280 than the risk of me losing everything if I don't 0:20:16.280 --> 0:20:19.120 go to work. But but then this other person might 0:20:19.160 --> 0:20:21.560 have a bunch of money and they might have savings, 0:20:21.560 --> 0:20:23.399 and so for them, the risk of going back to 0:20:23.400 --> 0:20:25.360 work and reagement isn't worth it, right, And so we're 0:20:25.359 --> 0:20:27.679 all in this together. So back to I guess what 0:20:27.760 --> 0:20:32.679 you pose? I guess, Uh, how do you see that 0:20:32.760 --> 0:20:35.879 as far as like individualism and looking at this, Uh, 0:20:36.160 --> 0:20:38.880 you know how it affects us personally knowing that there's 0:20:38.920 --> 0:20:44.040 all these unintended consequences out there. Yeah, okay, Well, the 0:20:44.119 --> 0:20:48.200 simple answer to that is there is no simple answer 0:20:48.359 --> 0:20:52.000 to to these um to these challenges today. And you know, 0:20:52.080 --> 0:20:54.280 I've read all the books from these professors who have 0:20:54.359 --> 0:20:58.960 spent the whole life studying psychology and human behavioral psychology, 0:20:59.000 --> 0:21:01.760 evolutionary psych oology, and I've read all the books on 0:21:01.800 --> 0:21:05.280 neuroscience and everything you can think of. And the conclusion 0:21:05.280 --> 0:21:07.080 I came to was it was really a waste of 0:21:07.240 --> 0:21:09.800 my time to study all that because there is no 0:21:09.880 --> 0:21:12.959 answer to it. And the reason why is because as 0:21:13.040 --> 0:21:16.840 human beings were constantly developing in terms of our thought process, 0:21:17.080 --> 0:21:20.520 what's appropriate, what's not appropriate, what's offensive, what's not offensive. 0:21:21.000 --> 0:21:23.520 But if you look at some of the developments, they 0:21:23.560 --> 0:21:26.240 come from one source and one source only, and it's 0:21:26.280 --> 0:21:31.200 the mainstream media, so of course in a And it's 0:21:31.280 --> 0:21:34.920 quite funny because yesterday I was reading about censorship and 0:21:35.119 --> 0:21:37.000 you know, someone said to me and I thought they 0:21:37.000 --> 0:21:38.920 were talking a lot of nonsense, but they said, the 0:21:39.040 --> 0:21:41.280 USA is the most free country in terms of the 0:21:41.320 --> 0:21:44.360 media in the world. And I said, you know, I used, 0:21:44.440 --> 0:21:48.800 have you been smoking something? You know? So I looked 0:21:48.800 --> 0:21:51.320 it up on all these different reports, and on average 0:21:51.359 --> 0:21:54.159 it was about it ranked about fourty five in the 0:21:54.200 --> 0:21:58.120 world in terms of free media. So it really had 0:21:58.160 --> 0:22:00.679 me start looking into it and looking at the media 0:22:00.760 --> 0:22:05.879 and quite staggering. How you know, things a f of 0:22:05.920 --> 0:22:08.760 the funding they get comes from one source at the moment, 0:22:08.920 --> 0:22:11.040 and then it starts to make me look at other 0:22:11.160 --> 0:22:13.760 areas and gives me a lot of concern. But I 0:22:13.800 --> 0:22:16.879 don't personally see the media in the US as free media. 0:22:16.960 --> 0:22:18.640 A lot of it. I don't know if you saw 0:22:18.680 --> 0:22:20.399 my video a few weeks ago, but I showed a 0:22:20.400 --> 0:22:23.520 clip of because I kept people kept talking about the 0:22:23.520 --> 0:22:25.119 media's free and all listen. I was like, okay, let 0:22:25.119 --> 0:22:27.159 me show your clip, and it said, we don't need 0:22:27.200 --> 0:22:29.680 to show you. Tell you the gas prices around the rise, 0:22:29.960 --> 0:22:31.919 we don't need to And it was all these different 0:22:32.560 --> 0:22:37.000 um anchors saying the exact same thing. It went on 0:22:37.080 --> 0:22:39.520 for ages. You know, I didn't read that one, but 0:22:39.560 --> 0:22:42.639 I've seen things similar to that. Yeah, and it just 0:22:42.680 --> 0:22:44.520 shows a lot of the media is owned by the 0:22:44.560 --> 0:22:47.360 same company. So of course what do they want. They 0:22:47.400 --> 0:22:49.679 want to create. And I'm not saying this is a 0:22:49.680 --> 0:22:51.560 bad thing, although I think it's a bad thing at 0:22:51.600 --> 0:22:54.240 the moment, right, But you've got to draw the line 0:22:54.280 --> 0:22:59.000 between what is control and what is genuinely concerned. See 0:22:59.240 --> 0:23:03.080 if if we had amazing leaders everywhere around the world 0:23:03.760 --> 0:23:08.920 and they were genuinely incredible human beings, integral, there's no scandals, 0:23:09.000 --> 0:23:11.800 there's there's nothing like that, and they said we need 0:23:11.840 --> 0:23:15.320 to do X in order to, you know, to solve 0:23:15.400 --> 0:23:18.960 this challenge. I'm down with that. I'm completely happy with it. 0:23:19.119 --> 0:23:21.679 And if they're getting all these experts in and they're saying, 0:23:23.040 --> 0:23:25.320 you know, and it's a free debate and it's open, 0:23:25.600 --> 0:23:27.639 I think that's a good thing. But then when you 0:23:27.720 --> 0:23:31.560 have all on one side, I think that's that can 0:23:31.600 --> 0:23:37.160 be quite detrimental and negative. Yeah, So, as somebody that 0:23:37.359 --> 0:23:40.040 spends a lot of time going through the news. Obviously 0:23:40.040 --> 0:23:42.200 you do that, analyzing the market's, coming up with ideas 0:23:42.240 --> 0:23:46.600 for your videos, researching, etcetera. UM, it's it's it can 0:23:46.640 --> 0:23:49.679 be difficult to understand or I should say, discerned the 0:23:49.720 --> 0:23:53.800 information that you're looking at. Um. I guess, do you 0:23:53.840 --> 0:23:56.359 have any things that you do that you think that 0:23:56.440 --> 0:23:59.360 are beneficial or helpful for you to like? Um, look 0:23:59.359 --> 0:24:04.680 at both or make decisions for yourself, or look past headlines. Yeah. 0:24:04.720 --> 0:24:06.680 I think the first thing you have, you know, every 0:24:06.680 --> 0:24:09.119 single person has to do when you're looking at media 0:24:09.480 --> 0:24:12.919 is number one. You have to apply your own common sense. 0:24:13.600 --> 0:24:15.760 That is the best thing that you can ever do 0:24:15.920 --> 0:24:18.800 is apply your own common sense. If something just doesn't 0:24:18.840 --> 0:24:21.840 sound right, spend the time looking into it, spend the 0:24:21.880 --> 0:24:25.560 time studio and you know so for me, yes, it 0:24:25.600 --> 0:24:28.239 involves a lot of investment of time and effort at 0:24:28.240 --> 0:24:30.560 the start, But you then figure out who is just 0:24:30.640 --> 0:24:34.080 making stuff up and who's just putting out propaganda versus 0:24:34.119 --> 0:24:37.320 who's actually putting out some genuine stories. Now, I like 0:24:37.400 --> 0:24:40.040 the media, that's very central. I don't like media on 0:24:40.080 --> 0:24:41.680 the on the right. I don't like media on the 0:24:41.760 --> 0:24:45.680 left because they will even if it's the most absurd thing, ever, 0:24:45.800 --> 0:24:47.399 they will put it out as if it's a fact. 0:24:47.720 --> 0:24:49.800 So I tend to look at all the media on 0:24:49.840 --> 0:24:51.800 the left on the right, I see what they're talking about, 0:24:52.040 --> 0:24:55.359 but I much prefer central, central media where they don't 0:24:55.359 --> 0:24:58.640 really take a position either way. It's more factual based. Now. 0:24:58.640 --> 0:25:01.080 The other thing is a lot of media right now 0:25:01.160 --> 0:25:06.199 is about emotion, so they're using emotional spikes to you know, 0:25:06.320 --> 0:25:09.879 to to create whatever they want to create. Now, I 0:25:09.880 --> 0:25:12.199 don't really look at that. When I see that, I 0:25:12.200 --> 0:25:14.640 can see through the emotion because I've I've studied it all, 0:25:15.080 --> 0:25:16.360 so I don't want to. I don't want to get 0:25:16.400 --> 0:25:18.440 into any of that. I want to see facts. And 0:25:18.840 --> 0:25:21.040 you know, there's a good example a few months ago 0:25:21.119 --> 0:25:24.760 where you know, we saw certain statistics come out and 0:25:24.880 --> 0:25:28.680 someone's actually said to me, it doesn't matter about the statistics, 0:25:28.920 --> 0:25:32.600 it's all about how people feel about the statistics. And 0:25:32.680 --> 0:25:35.119 that really surprised me, and I realized, Okay, a lot 0:25:35.160 --> 0:25:38.040 of people like to comment, and I thought, I see 0:25:38.040 --> 0:25:43.800 what's happening. This has created this mass um thought patterns 0:25:43.840 --> 0:25:47.480 within within different populations now, and it's it's regional as well, 0:25:47.880 --> 0:25:49.879 so the thought patterns will be that people start to 0:25:50.119 --> 0:25:54.240 align within different groups now, regardless of whether you know 0:25:54.320 --> 0:25:56.600 someone's on the left or someone's on the right, because 0:25:56.960 --> 0:25:59.440 you know, you know a lot of people attack people 0:25:59.480 --> 0:26:02.200 on the left instantly, but at the same time, there's 0:26:02.240 --> 0:26:04.239 people on the right as well who come out with 0:26:04.280 --> 0:26:06.679 the most absurd things. And you know, I'm very and 0:26:06.720 --> 0:26:09.080 I'll say to anybody, whether you're on the left or 0:26:09.119 --> 0:26:12.159 the right, you know, if they're they're talking some absurd stuff. 0:26:12.640 --> 0:26:16.160 I want to bring it back to factual, evidence based data. 0:26:16.680 --> 0:26:20.080 And I think that's the important thing. Statistics haven't. They're 0:26:20.119 --> 0:26:22.440 not dead like a lot of media want you to believe. 0:26:22.440 --> 0:26:25.040 And it's all about emotion. Now, No, it's not about emotion. 0:26:25.200 --> 0:26:28.680 It is about statistics come first, in my opinion, with everything, 0:26:28.880 --> 0:26:32.720 and then we look at, you know, other things afterwards. Yeah, 0:26:33.080 --> 0:26:35.120 that's that's such a great point. I mean, they really 0:26:35.160 --> 0:26:38.040 have tried to take everything from being a rational, uh 0:26:38.160 --> 0:26:42.439 conversation or argument or point to emotional. You can overcome 0:26:42.480 --> 0:26:45.200 a rational conversation, but you can't overcome an emotional one. 0:26:45.600 --> 0:26:47.399 And so I think that's definitely a good point. Is 0:26:47.400 --> 0:26:50.080 that check that emotion. Now let's jump back into some 0:26:50.119 --> 0:26:51.639 of the topics that I had kind of planned. So 0:26:51.680 --> 0:26:54.159 I know, UM, both of us have been kind of 0:26:54.200 --> 0:26:56.600 looking at and talking about like this, you know, great 0:26:56.680 --> 0:26:59.280 reset agenda, which a lot of this seems to be 0:26:59.320 --> 0:27:01.120 going into if we if we look at it from 0:27:01.119 --> 0:27:03.960 a larger context, we have, UM, we have a group 0:27:03.960 --> 0:27:05.760 of people who you know, are kind of pulling the 0:27:05.760 --> 0:27:08.480 strings in the world, usually the globalist this is the 0:27:09.040 --> 0:27:11.320 three letter n G O S the World Economic Form 0:27:11.320 --> 0:27:15.200 and the World Health Organization, the World Trade Organization, etcetera. UM. 0:27:15.240 --> 0:27:18.399 But they're telling us what their plan is. UM. I 0:27:18.520 --> 0:27:20.480 like to say that I take them at their word. 0:27:20.920 --> 0:27:23.440 And so they've told them, They've told us what their 0:27:23.480 --> 0:27:26.600 plan is. UM. And I know you've done in videos 0:27:26.600 --> 0:27:27.719 on this as well. We don't need to dig deep 0:27:27.760 --> 0:27:29.520 into that. But when you when you look at it 0:27:29.520 --> 0:27:32.240 from that lens of these people that have this agenda 0:27:32.320 --> 0:27:36.679 by UM, and then you look at that, you know, uh, 0:27:37.040 --> 0:27:42.359 the financial system, the economy, the real estate market, UM, 0:27:42.400 --> 0:27:44.280 does it make you start to think that, you know, 0:27:44.359 --> 0:27:46.520 this is all part of their bigger plan and then 0:27:46.560 --> 0:27:51.720 we have to learn to navigate it that way. That's 0:27:51.720 --> 0:27:57.639 a tough one because I'm an emotional human being. Like 0:27:57.720 --> 0:28:01.880 everybody else. So and it's very difficult when a lot 0:28:01.920 --> 0:28:04.600 of the stories that come out every day are emotional. 0:28:05.359 --> 0:28:08.480 It's difficult to always be rational. So for me to 0:28:08.520 --> 0:28:11.120 say I have no bias in answering the question would 0:28:11.440 --> 0:28:14.480 would not be a true statement. Obviously I have biased, 0:28:14.480 --> 0:28:16.800 just like you have bias. Mark. We all have bias 0:28:16.880 --> 0:28:20.320 towards something. So I'm going to answer the question, but 0:28:20.560 --> 0:28:24.560 with the with that variable that there is a bias step. So, 0:28:24.920 --> 0:28:27.600 having studied all of it, and studied w EF and 0:28:27.920 --> 0:28:31.000 everyone else, and and actually there's hundreds of these three 0:28:31.000 --> 0:28:36.480 and four letter organizations now and actually when you dig 0:28:36.480 --> 0:28:38.040 into it deep. So I did one of the first 0:28:38.120 --> 0:28:40.040 videos on the Great Reset, as you know, and that 0:28:40.160 --> 0:28:43.040 video got banned eight hundred thousand views, and it got 0:28:43.080 --> 0:28:46.200 banned very quickly because I guess I was touching too 0:28:46.320 --> 0:28:50.239 much on on some truth set about you know, some 0:28:50.280 --> 0:28:52.880 of the property and it is propaganda. Oh, anyone can 0:28:52.960 --> 0:28:55.880 come to our forums and you know whatever. And then 0:28:55.880 --> 0:28:58.440 you look at the figures and it's hundreds of thousands 0:28:58.480 --> 0:29:00.560 of dollars to a million dollars to be come amember 0:29:00.560 --> 0:29:03.479 and you're like, no, the average person can't join this 0:29:03.560 --> 0:29:07.040 is nonsense. Who are the sponsors and it's the usual suspects. 0:29:07.800 --> 0:29:09.680 And of course the most obvious thing we need to 0:29:09.880 --> 0:29:12.840 distinguish here is that the world they're coming forum talks 0:29:12.880 --> 0:29:15.800 a lot about how this is a green energy movement 0:29:15.800 --> 0:29:18.320 and to help save the planet. I'm not saying that 0:29:18.320 --> 0:29:20.400 that that isn't true. All I'm saying is when you 0:29:20.480 --> 0:29:23.280 look at the evidence behind it, and you look at 0:29:23.280 --> 0:29:28.400 the sponsors. So these are huge banks and financial organizations 0:29:28.640 --> 0:29:32.080 and they're all coming for a meeting. What where is 0:29:32.080 --> 0:29:35.760 all the green green movement people for these meetings? Why 0:29:35.840 --> 0:29:38.040 is it all banks? And And you've got to think, 0:29:38.080 --> 0:29:42.520 what is a conglomerate financial institution, A bank, a business? 0:29:43.320 --> 0:29:48.600 They exist purely for the purpose of shareholder profit, that's it. 0:29:49.000 --> 0:29:52.920 Why would the shareholders care about green a green energy 0:29:52.960 --> 0:29:56.880 movement and reducing CEO two and carbon emissions. All I'm 0:29:56.880 --> 0:29:59.080 saying is, if that is what they're putting out there, 0:29:59.600 --> 0:30:01.600 it's a You're going to fool a number of people, 0:30:01.680 --> 0:30:04.400 you know, if that, if it's true that they are 0:30:04.440 --> 0:30:07.360 trying to, you know, bring down all of this, you know, 0:30:07.400 --> 0:30:11.800 greenhouse gases and everything. Don't invite all financial institutions and 0:30:11.840 --> 0:30:14.320 then close the doors, like have it open with greed 0:30:14.400 --> 0:30:17.160 and you get what I'm saying with this, Yeah, yeah, 0:30:18.280 --> 0:30:21.840 and bring some bring some scientists in or whatever that 0:30:21.840 --> 0:30:24.320 that have some solutions instead of all the bankers flying 0:30:24.320 --> 0:30:27.120 in on their private jets. I guess that's to cut 0:30:27.160 --> 0:30:30.880 down to cut down c O two emissions flying on 0:30:30.960 --> 0:30:33.560 private jets. Yeah. But it seems like there's like all 0:30:33.600 --> 0:30:35.640 this change going on, and I know a lot of 0:30:35.640 --> 0:30:39.840 people are worried about this whole. You know, you'll own nothing, um. 0:30:39.920 --> 0:30:42.440 And then you see that like nothing, and I get 0:30:42.480 --> 0:30:46.960 comments all the time like, um, how would they achieve that? Um? 0:30:47.000 --> 0:30:48.520 How would they get it to the point where we 0:30:48.520 --> 0:30:50.720 own nothing? But then you take a look at um, 0:30:50.760 --> 0:30:53.760 the financial markets and the housing markets and the job markets, 0:30:53.760 --> 0:30:57.160 and then it starts to look um somewhat apparent right, Well, 0:30:57.200 --> 0:30:59.320 if they can just continue to boom and bust and 0:30:59.600 --> 0:31:01.960 uma away our jobs and take away our ability to 0:31:02.360 --> 0:31:05.040 um make our payments and pay our workers, etcetera, then 0:31:05.480 --> 0:31:06.920 all of a sudden you start to see how that 0:31:07.040 --> 0:31:11.320 future could become a reality. I guess yeah, yeah, And 0:31:11.920 --> 0:31:14.520 it is very worrying. I try, you know what I 0:31:14.600 --> 0:31:16.320 what I do with things like that I look at 0:31:16.360 --> 0:31:18.719 it and I keep it as a theory, and I 0:31:18.800 --> 0:31:21.320 keep it off to the side as a worst case scenario. 0:31:21.680 --> 0:31:24.080 But then what I have is other theories in between, 0:31:24.120 --> 0:31:26.400 and I try and take something middle ground. But I 0:31:26.480 --> 0:31:29.280 never take my eye off this theory that it could happen, 0:31:29.840 --> 0:31:31.960 you know, because if you take your eye off the ball, 0:31:31.960 --> 0:31:33.840 that's when you get caught out. So I've always got 0:31:33.920 --> 0:31:35.920 my eye on that, but I try and think of 0:31:35.960 --> 0:31:39.239 something more middle ground. But people who are you know, 0:31:39.360 --> 0:31:41.560 more to the other side, who say, there's no con 0:31:41.960 --> 0:31:44.920 this is all conspiracy, there's nothing behind this, there's no 0:31:45.000 --> 0:31:48.000 central bank digital currency coming out. Neil and Mark, you 0:31:48.000 --> 0:31:50.200 guys are making this stuff up. And then next thing 0:31:50.720 --> 0:31:53.600 they announce it and they're like, you know, you go, oh, 0:31:53.760 --> 0:31:58.200 didn't you say there was no Yeah, but I broken. 0:31:58.440 --> 0:32:00.840 They use a broken clocks right twice a day, and 0:32:00.840 --> 0:32:04.200 they use things like that, you know, these ridiculous expressions 0:32:04.200 --> 0:32:07.760 that they come out with, Hey, sorry to interrupt this 0:32:07.840 --> 0:32:10.560 video just one more time. I'm not running Google ads, 0:32:10.560 --> 0:32:13.000 so it's actually way less interruption than I normally would 0:32:13.000 --> 0:32:15.240 have on a video. UM, and that's because it's sponsored 0:32:15.240 --> 0:32:18.600 by block five. UM. They are opening up the world 0:32:18.680 --> 0:32:21.760 of bitcoin and financial products offering to pay you interest 0:32:22.080 --> 0:32:24.720 on your bitcoin. Um better than own in a rental 0:32:24.720 --> 0:32:26.640 property that you have to manage and control and have 0:32:26.680 --> 0:32:28.480 the risks. You can just earn interest on it, or 0:32:28.880 --> 0:32:31.560 you can leverage against it. Now, I plan to hold 0:32:31.600 --> 0:32:35.080 my bitcoin forever and literally never sell my bitcoin. So 0:32:35.080 --> 0:32:37.120 how do you do that? Well, if I need money, 0:32:37.200 --> 0:32:39.000 I don't want to sell that bitcoin. I'm gonna pay 0:32:39.080 --> 0:32:41.000 tax on it, all right, I'm gonna end up with 0:32:41.080 --> 0:32:43.560 less and I don't have the bitcoin anymore. So a 0:32:43.600 --> 0:32:46.240 better way to do it is to borrow against the bitcoin. 0:32:46.440 --> 0:32:48.600 So I've put all my money into bitcoin. If I 0:32:48.640 --> 0:32:50.240 want to buy a car, or I want to buy 0:32:50.240 --> 0:32:53.320 a house, I can borrow against it at very very 0:32:53.360 --> 0:32:56.080 low competitive rates. Get my house, get my car, whatever 0:32:56.120 --> 0:32:58.800 that may be, and get to keep the bitcoin. I've 0:32:58.800 --> 0:33:01.120 done a whole video on this. You can find it. 0:33:01.120 --> 0:33:03.120 I'll link it down in the description below. How to 0:33:03.240 --> 0:33:05.600 retire off a bitcoin without paying taxes and you can 0:33:05.640 --> 0:33:08.160 do that with block fight services. I'll link to the 0:33:08.240 --> 0:33:09.800 video down below. I'm also going to put a link 0:33:09.840 --> 0:33:11.560 to block Fight if you choose to click on that 0:33:11.600 --> 0:33:13.200 link to check them out you can earn up to 0:33:13.240 --> 0:33:16.120 two dollars in free bitcoin just for using that link. 0:33:16.400 --> 0:33:17.960 And that's it. Let's go ahead and get back to 0:33:18.080 --> 0:33:21.320 the interview. Yeah. Now, another thing that I want to 0:33:21.400 --> 0:33:24.520 jump into. I know, I know you've talked about is um, 0:33:24.560 --> 0:33:27.000 you know, more things that are happening, like the cyber 0:33:27.000 --> 0:33:30.200 attacks and so UM that goes back into you know, 0:33:30.240 --> 0:33:33.800 the World Economic Forms has been doing tests for cyber attacks. 0:33:33.840 --> 0:33:36.719 Of course, we see that these ransomware attacks have been 0:33:36.760 --> 0:33:39.840 picking up steam. UM. Just I think was it just 0:33:39.880 --> 0:33:42.200 a couple of days ago or just last week? Um, 0:33:42.240 --> 0:33:44.840 a bunch of the big websites all across the world 0:33:44.840 --> 0:33:48.840 shut down. UM. And I know you've done quite a 0:33:48.840 --> 0:33:51.520 bit of research into that. So what are you seeing 0:33:51.680 --> 0:33:54.000 in regards to cyber attacks and how do we prepare 0:33:54.000 --> 0:33:56.440 for those types of things? Yeah, I mean, I'm don't 0:33:56.440 --> 0:33:58.320 think there's any question that we're going to see more 0:33:58.360 --> 0:34:02.080 cyber attacks. Now. One of the videos I made recently 0:34:02.160 --> 0:34:05.360 was about the World Economic Forum's Risk Report. So what 0:34:05.480 --> 0:34:07.680 I did was I didn't just look at one. I 0:34:07.720 --> 0:34:11.200 went back and look at and other reports and it's 0:34:11.320 --> 0:34:14.719 very interesting. Either they've got a crystal ball or they 0:34:14.719 --> 0:34:17.799 are absolute geniuses, but they tend to predict a lot 0:34:17.840 --> 0:34:20.880 of what's going to happen before it does. Like Event 0:34:20.920 --> 0:34:24.000 two oh one happened two months before the outbreak, you know. 0:34:24.600 --> 0:34:26.880 And this isn't conspiracy for those people who are going 0:34:26.920 --> 0:34:30.560 to drop all the ridiculous comments or conspiracy, No, you know, No, 0:34:30.800 --> 0:34:33.520 it is a fact. Event too oh one occurred two 0:34:33.560 --> 0:34:36.759 months before the crisis, you know. And this wasn't a oh, 0:34:36.880 --> 0:34:39.239 this could be a we're preparing for a SARS, we're 0:34:39.320 --> 0:34:42.520 preparing for a flu outbreak. No, it was a you 0:34:42.560 --> 0:34:44.920 know what, we went to the way on the channel outbreak. 0:34:45.520 --> 0:34:47.640 And then you look at all the other things, and 0:34:47.640 --> 0:34:51.880 then when all the media gets focused on the cyber attacks, again, 0:34:52.120 --> 0:34:55.839 it's controlled. This isn't just random. So when you know 0:34:55.920 --> 0:34:59.200 he klau Schwab is talking about our cyber attacks is 0:34:59.200 --> 0:35:02.200 the biggest threat. Do you think I'm just sitting there saying, ah, 0:35:02.280 --> 0:35:04.680 this now, I'm just going to ignore that. No, I'm 0:35:04.719 --> 0:35:06.799 looking at that and saying this is the biggest threat. 0:35:06.840 --> 0:35:09.360 If he's saying that, then that means this is the 0:35:09.360 --> 0:35:11.239 biggest threat right now because a lot of what he 0:35:11.280 --> 0:35:15.399 says is coming true. And that's very, very worrying. So 0:35:15.560 --> 0:35:17.960 I'm definitely looking at that. And actually that video you're 0:35:18.000 --> 0:35:21.600 you're referencing that I made recently the very next day 0:35:21.760 --> 0:35:24.480 was the biggest cyber attack that had ever taken place, 0:35:24.560 --> 0:35:27.040 which was across all it was actually on the media 0:35:27.080 --> 0:35:31.360 outlets as well around the world. Really the UK government's 0:35:31.400 --> 0:35:34.960 website was taken down. All these cyber attacks. Now you 0:35:35.000 --> 0:35:36.879 could say it could be a false flag. I don't 0:35:36.920 --> 0:35:40.560 know where they say, Look we were we were attacked ourselves, 0:35:40.600 --> 0:35:43.719 and you know, who knows, who knows what's really going on? 0:35:43.800 --> 0:35:46.080 I don't, I don't know, but it is worrying and 0:35:46.120 --> 0:35:48.080 I do think we're going to see more cyber attacks. 0:35:48.239 --> 0:35:52.360 And the risk with the cyber attacks is on infrastructure. 0:35:52.520 --> 0:35:54.640 That is what I think is the biggest risk because 0:35:54.640 --> 0:35:58.399 if a hospital gets you know, the electricity goes out. Yes, 0:35:58.400 --> 0:36:00.759 they're gonna have backup generators and things like that, but 0:36:01.480 --> 0:36:04.120 what about the water pumps, one about the water stations. 0:36:04.239 --> 0:36:08.239 Human beings can only survive for three days without without water. Um, 0:36:08.280 --> 0:36:10.480 you know, there's there's all this other stuff that could happen. 0:36:10.640 --> 0:36:13.040 What if you see a flash crash in the stock 0:36:13.080 --> 0:36:16.000 market because of all the AI trading that goes on 0:36:16.040 --> 0:36:18.799 and all the other trading that goes on. You could 0:36:18.800 --> 0:36:21.239 just see a massive flash crash car which could bring 0:36:21.320 --> 0:36:23.760 down the stock market. What happens if the stock market 0:36:23.800 --> 0:36:26.879 comes down, people lose their jobs, a lot of others. Again, 0:36:26.960 --> 0:36:28.920 big knock on effect. You really think it's not going 0:36:28.960 --> 0:36:33.720 to have a knock on effect on the housing market? Yeah, yeah, 0:36:33.800 --> 0:36:37.080 it is obviously so. Um talking about the housing market 0:36:37.120 --> 0:36:39.680 for a minute. UM. I just did a video talking 0:36:39.719 --> 0:36:42.400 about the United States housing market, and I do them 0:36:42.400 --> 0:36:46.120 pretty regularly, having been a pretty much my career has 0:36:46.120 --> 0:36:48.319 been in real estate investing. But I don't know a 0:36:48.320 --> 0:36:51.840 lot about the international markets. Um. So, you know, in 0:36:51.840 --> 0:36:53.799 the United States, we know the real estate markets up 0:36:54.840 --> 0:36:58.920 every year, the markets super hot, you know, multiple offers 0:36:58.920 --> 0:37:03.440 on prodit properties before they even get open for for viewing. Um. 0:37:03.480 --> 0:37:04.880 And at the same time, you know, we have the 0:37:04.880 --> 0:37:07.319 economy that's shaky. Um. So a lot of people are 0:37:07.320 --> 0:37:09.799 wondering what's gonna happen here? But what about, um, the 0:37:09.880 --> 0:37:12.920 foreign markets? What about Australia? I get asked that all 0:37:12.920 --> 0:37:15.359 the time. What about Canada? What about the UK? Are 0:37:15.400 --> 0:37:18.040 those real estate markets just as hot? And do you 0:37:18.080 --> 0:37:23.520 think they're in just as much danger. Yeah, so they're 0:37:23.560 --> 0:37:25.640 not okay. So there were all different in terms of 0:37:25.640 --> 0:37:29.680 the year on year growth. USA was pretty pretty hot 0:37:29.719 --> 0:37:32.120 this year, or you know, there's nowhere around that. Why 0:37:32.200 --> 0:37:35.080 is that? Well, because of globalization, we can apply the 0:37:35.200 --> 0:37:38.080 same metrics to each market. So what happened in the 0:37:38.200 --> 0:37:42.560 USA record low interest rates creates more bias because if 0:37:42.600 --> 0:37:44.480 you can get an interest rate for three percent, and 0:37:44.520 --> 0:37:46.319 you can let's say, you know, like you said your 0:37:46.400 --> 0:37:49.279 real estate investor, you can get a six, seven, eight 0:37:49.280 --> 0:37:52.080 percent or fifteen percent if you're doing an airbnb or 0:37:52.440 --> 0:37:55.680 something that some people do, why would you not borrow 0:37:55.719 --> 0:37:57.480 money at three percent when you don't have to put 0:37:57.480 --> 0:37:59.360 a lock down anyway? What else are you gonna do 0:37:59.360 --> 0:38:01.680 with your money leaving in the bank while inflation is 0:38:01.680 --> 0:38:04.360 eating away at the capitol and the purchasing power. No 0:38:04.640 --> 0:38:07.560 people are going in there rushing into these markets, right, 0:38:08.200 --> 0:38:11.360 So that's one fundamental. The other one is low inventory, 0:38:11.440 --> 0:38:15.600 and this again was created by fear and panic over 0:38:15.719 --> 0:38:19.960 last year. People didn't want other families and people walking 0:38:20.000 --> 0:38:22.680 around their house and and all of that sort of stuff. 0:38:22.840 --> 0:38:25.640 So you have these low inventory levels and now the 0:38:25.719 --> 0:38:29.279 knock on effect of that low inventory is more low inventory, 0:38:29.680 --> 0:38:32.840 even though we recover it, because it created this housing 0:38:32.840 --> 0:38:35.160 price increase, a lot of people don't want to sell that. 0:38:35.320 --> 0:38:37.320 They're saying, I'm just going to keep that as a 0:38:37.360 --> 0:38:39.799 rental now because it's just keep going up. It's gonna 0:38:39.800 --> 0:38:42.319 be my pension. I'm gonna buy a different house and 0:38:42.360 --> 0:38:46.640 get two point four interests, right, you know, So all 0:38:46.640 --> 0:38:49.960 of this is going up red tape around home building. 0:38:50.160 --> 0:38:52.800 Where you are. You in California, look at Los Angeles. 0:38:52.920 --> 0:38:57.160 You try and build something in l A good luck, Um, 0:38:57.160 --> 0:38:59.160 it's it's so difficult. And even if you do, you've 0:38:59.160 --> 0:39:01.920 got to put a parking space on. How how can 0:39:02.000 --> 0:39:04.640 you make a good profit on that? Right? So there's 0:39:04.840 --> 0:39:07.360 all of these things going on. Now you take that 0:39:07.480 --> 0:39:10.640 format and you apply it to the UK, to Canada, 0:39:10.800 --> 0:39:14.520 to Australia, to New Zealand. Some of the hottest housing 0:39:14.520 --> 0:39:17.759 markets in the world in terms of overvaluation, I would say, 0:39:18.040 --> 0:39:20.280 are all the ones we've talked about, especially in New Zealand, 0:39:20.360 --> 0:39:24.320 especially Canada, places like Toronto and you know, et cetera. 0:39:24.880 --> 0:39:29.160 These are so overheated and people argue with me over 0:39:29.160 --> 0:39:31.399 it when I say that it's it's only a matter 0:39:31.440 --> 0:39:35.040 of time before you do see a major correction. But 0:39:35.120 --> 0:39:38.200 what's gonna how's that going to come about? There's different ways. 0:39:38.840 --> 0:39:41.320 People say it will only come about with interest rates 0:39:41.600 --> 0:39:45.879 going up. That's not strictly true, because with anything, there 0:39:45.920 --> 0:39:50.040 is always always a market cap in terms of affordability. 0:39:50.080 --> 0:39:52.319 And I don't think we're too far off that in 0:39:52.440 --> 0:39:55.600 terms of affordability unless they drop the interest rates even lower. 0:39:56.239 --> 0:39:58.400 So as you know, people don't buy a house with 0:39:58.480 --> 0:40:00.279 cash these days. You're not gonna go out buy an 0:40:00.320 --> 0:40:02.960 average price home with cash. You're going to get on 0:40:02.960 --> 0:40:06.880 a monthly payment. Well, what happens if you know, the 0:40:06.920 --> 0:40:10.759 house keeps going up in value constantly, constantly, constantly, and 0:40:10.800 --> 0:40:12.640 you've got this amount for a monthly payment, but the 0:40:12.640 --> 0:40:15.680 house is going to be value, you can't still afford 0:40:15.719 --> 0:40:18.160 that same house. And this is why you see the 0:40:18.200 --> 0:40:23.240 concentration first of the challenges in the smaller starter homes, 0:40:23.520 --> 0:40:26.600 you know, the the you know, the ones that are 0:40:26.680 --> 0:40:29.400 square foot and below. This is where you see the 0:40:29.560 --> 0:40:31.920 challenges first start to come in in these homes. And 0:40:31.920 --> 0:40:34.480 we're already seeing that now in terms of an affordability 0:40:35.000 --> 0:40:37.600 crisis for these people. A lot of people are priced 0:40:37.640 --> 0:40:40.880 out the markets in the more expensive states, and it 0:40:40.880 --> 0:40:44.480 will ripple across. Then you'll see it going into second 0:40:44.600 --> 0:40:48.120 third homes, you know, growing families, things like that. See, 0:40:48.120 --> 0:40:52.120 we'll see an affordability crisis eventually. But then, like what 0:40:52.200 --> 0:40:55.560 happened in the UK, the UK said we're gonna do 0:40:55.600 --> 0:40:59.279 this special program where you know, first time buyers don't 0:40:59.280 --> 0:41:01.080 have to put such down at all, it's just a 0:41:01.120 --> 0:41:03.799 few percents, and you know, and and they're doing all 0:41:03.840 --> 0:41:08.520 these programs to help the market and help people get in. Well, 0:41:08.600 --> 0:41:11.000 they did all these programs back in two thousand five 0:41:11.040 --> 0:41:14.360 and six as well. It didn't help. It just overheated 0:41:14.400 --> 0:41:18.480 the markets even more. Right, So these are the three 0:41:18.560 --> 0:41:21.720 main things that you have in all housing markets around 0:41:21.800 --> 0:41:24.680 the world. And some of them are even just exploding 0:41:24.960 --> 0:41:27.040 a lot more than twenty five as well, where they've 0:41:27.040 --> 0:41:30.200 got high inflation, people are trying to buy houses and 0:41:30.480 --> 0:41:33.319 you know, so there's a lot going on. Yeah, I 0:41:33.320 --> 0:41:35.720 guess when I look at you know, the United States 0:41:35.719 --> 0:41:39.120 housing markets specifically, um, it's really being backstopped by the 0:41:39.120 --> 0:41:41.920 Federal Reserve. So they're buying mortgage backed securities to prop 0:41:42.000 --> 0:41:45.360 that up, providing lots of liquidity, lots of loans, etcetera, 0:41:45.760 --> 0:41:47.880 UM and keeping the rates low. At the same time, 0:41:48.880 --> 0:41:51.319 I ask myself, what's going to happen with the real 0:41:51.400 --> 0:41:54.680 estate market. I mean, it seems that it's overheated, although 0:41:54.719 --> 0:41:57.120 to your point, the monthly payments actually have come down. 0:41:57.160 --> 0:42:00.279 The affordability is there, um, But we do have this 0:42:00.680 --> 0:42:02.759 all these people that haven't making payments. So there's all 0:42:02.760 --> 0:42:05.719 this forbearance that's out there. But the Fed could just 0:42:05.800 --> 0:42:08.799 extend it another year. They could extend it five more years. 0:42:09.000 --> 0:42:11.640 They could continue to buy mortgage best securities, or they 0:42:11.680 --> 0:42:14.520 could not. And the problem is we don't know what's 0:42:14.520 --> 0:42:17.279 in a person's head, right, we could maybe read what 0:42:17.320 --> 0:42:18.839 the markets doing, we don't know it's in their head. 0:42:19.560 --> 0:42:23.000 My thought process is they you know, the FED, between 0:42:23.040 --> 0:42:25.080 the FED and the government monetary and fiscal stimulus was 0:42:25.120 --> 0:42:28.240 about eight trillion dollars over the last year to prevent 0:42:28.280 --> 0:42:31.520 the markets from crashing. Why would they spend a trillion 0:42:31.600 --> 0:42:33.839 just to let it go now? So it seems like 0:42:33.960 --> 0:42:36.680 why wouldn't they just continue that? And so my bet 0:42:36.719 --> 0:42:39.359 is that they do. UM. But I don't know if 0:42:39.400 --> 0:42:44.400 those same dynamics work in Canada. Australia or the UK. Yeah, well, 0:42:44.520 --> 0:42:47.640 well actually most most of the year the countries, you've 0:42:47.680 --> 0:42:50.080 got to think that pegged to the dollar. A lot 0:42:50.080 --> 0:42:51.680 of people say, well, it doesn't matter if that pegged, 0:42:51.680 --> 0:42:55.160 it's irrelevant. Well okay, if that's if it's irrelevant, and 0:42:55.239 --> 0:42:59.440 you keep printing dollars like trillions and trillions, what happens 0:42:59.480 --> 0:43:03.239 the explo prices of those other countries. You see, they've 0:43:03.360 --> 0:43:05.640 got to do their own quee programs or they're gonna 0:43:05.880 --> 0:43:08.640 the pricing is not gonna not gonna match. You know. 0:43:08.719 --> 0:43:12.520 The USA people, uh, you know, it's the most globalized 0:43:12.560 --> 0:43:15.719 country in terms of what do you export dollars? What 0:43:15.800 --> 0:43:19.080 do you import goods and services from other countries. So 0:43:19.120 --> 0:43:22.759 that's what's going on with the USA. Now. I have 0:43:22.800 --> 0:43:26.040 a different theory, and it's very different to most people 0:43:26.160 --> 0:43:28.359 I know. So you may not agree with this mark 0:43:28.440 --> 0:43:30.840 and that's okay, we can we can discuss it. I 0:43:30.880 --> 0:43:35.120 actually think in terms of interest rates, qui, etcetera. I 0:43:35.160 --> 0:43:37.839 do think they're going to start tapering, and I think 0:43:37.840 --> 0:43:40.800 they're probably going to start in twenty two. I don't 0:43:40.800 --> 0:43:43.400 know when. I have no idea what month or anything 0:43:43.440 --> 0:43:45.879 like that, but I think they're probably gonna come down 0:43:45.880 --> 0:43:49.800 from the one twenty. I think they're probably going to 0:43:49.840 --> 0:43:52.759 tape it down by say ten billion roughly per month, 0:43:53.200 --> 0:43:54.960 and they'll do it over a one year period. Now 0:43:55.000 --> 0:43:58.400 will they go down to zero? I don't think so. 0:43:58.640 --> 0:44:01.279 I think they're still gonna do Maybe it could be ten, 0:44:01.400 --> 0:44:04.960 twenty thirty. Who knows. They could go down to zero. 0:44:05.400 --> 0:44:08.759 They could, but the challenges. Look what they tried to 0:44:08.800 --> 0:44:10.440 do a couple of months ago. I think it was 0:44:11.080 --> 0:44:13.879 with the NBS, the mortgage backed securities. They tried to 0:44:13.880 --> 0:44:15.719 sell up some of the mbs and did you see 0:44:15.719 --> 0:44:19.120 what happened? They quickly reversed it, and they were like, okay, 0:44:19.120 --> 0:44:21.440 by and back, by and back. So what is it? 0:44:21.520 --> 0:44:24.759 Fifty of all mortgages in the United States and now 0:44:24.840 --> 0:44:29.000 owned or controlled by the Federal Reserve, a private institution 0:44:29.360 --> 0:44:33.200 owned by shareholders that is neither federal nor Reserve of capital. 0:44:34.480 --> 0:44:36.839 And that's very worrying. I want to recommend the book 0:44:36.840 --> 0:44:39.520 to all of your subscribers actually called Lords of Finance. 0:44:40.239 --> 0:44:43.240 It is such an incredible book and if they actually 0:44:43.280 --> 0:44:45.440 read that there and it's a hard read. If you're 0:44:45.440 --> 0:44:48.600 not a reader, forget it. But because it's a really 0:44:48.640 --> 0:44:51.880 hard reading. It's really hard going, but it explains everything 0:44:51.880 --> 0:44:55.520 that happened in previous crises, how the FED was, you know, 0:44:55.680 --> 0:44:58.480 came about who the four key players were, you know, 0:44:58.520 --> 0:45:02.640 with the bank you aren'ts the you know, the the 0:45:02.800 --> 0:45:06.279 Bank of England, the FED, New York Fed and there 0:45:06.280 --> 0:45:09.239 the Rich Bank in Germany, and you know, he talks 0:45:09.239 --> 0:45:11.839 about all this stuff, and it's really crucial because when 0:45:11.840 --> 0:45:14.680 you look at these patterns of history and what's occurred, 0:45:15.520 --> 0:45:18.279 especially the O eight crisis, which is a sort of 0:45:18.360 --> 0:45:20.360 template that I'm using for this crisis, and what I 0:45:20.400 --> 0:45:22.520 think is going to happen. But let me get back 0:45:22.560 --> 0:45:25.000 on point. So I think the QUEUEI they're going to 0:45:25.080 --> 0:45:30.000 taper it down. Now will they raise interest rates? I 0:45:30.040 --> 0:45:32.319 think if they're going to raise interest rates, they're going 0:45:32.360 --> 0:45:34.440 to do something similar to that that they did before, and 0:45:34.480 --> 0:45:37.080 it will be twenty five basis points, so zero point 0:45:37.160 --> 0:45:40.800 to five. They could even do zero point one percent, 0:45:40.840 --> 0:45:43.520 who knows this time around. But if they try and 0:45:43.560 --> 0:45:46.360 do something severe, I mean, this is not Joane Powell, 0:45:46.400 --> 0:45:50.319 is not Paul Volka, who in THROUTU eighty one, you know, 0:45:50.600 --> 0:45:53.160 rates went from eleven to what was I think he 0:45:53.239 --> 0:45:56.240 just bumped them up to they're not the same same person, 0:45:56.920 --> 0:45:59.279 and in today's market and day and age, they're going 0:45:59.320 --> 0:46:02.680 to bankrupt us government. There wasn't thirty trillion dollar. There 0:46:02.680 --> 0:46:06.320 wasn't thirty trillion dollars of debt back then. No, there wasn't. 0:46:06.680 --> 0:46:09.560 There wasn't um you know, so we have we have. 0:46:10.200 --> 0:46:11.600 I don't even know what I was asking on with that, 0:46:11.600 --> 0:46:14.480 but I'll let you jump back in Mark, Well, no, 0:46:14.520 --> 0:46:16.839 I just I mean in in Paul Walker's day, I mean, 0:46:16.840 --> 0:46:18.959 he raised interest rates, but they didn't have thirty trillion 0:46:19.000 --> 0:46:21.399 dollars of debt. So you can't do that today. When 0:46:21.400 --> 0:46:23.680 you have thirty twillion dollars of debt, it's it's unmanageable. 0:46:23.840 --> 0:46:25.680 Trying to cover the interest on the debt already as 0:46:25.719 --> 0:46:28.839 it is is almost impossible. So the chance of them 0:46:28.960 --> 0:46:33.120 doing that is is basically zero at this point. But yeah, 0:46:33.160 --> 0:46:35.319 I mean, that's what's the other option. You know, what's 0:46:35.320 --> 0:46:40.000 the other option? If they don't, they just keep doing que. Well, 0:46:40.080 --> 0:46:42.680 then if they keep doing que you will see a 0:46:42.719 --> 0:46:46.520 case of hyperinflation. There is no other option you either, 0:46:46.920 --> 0:46:50.080 you know, you either raise interest rates, you keep doing QWI. 0:46:50.360 --> 0:46:52.319 There isn't really much of a middle ground. The stock 0:46:52.360 --> 0:46:54.120 market's going to sniff it out. That's what they're trying 0:46:54.160 --> 0:46:57.440 to do. You see, there's a there's a parent career option, 0:46:58.800 --> 0:47:01.680 there is a third, scarier option, and they can control 0:47:01.680 --> 0:47:06.000 inflation with price fixing. And we've seen that's usually one 0:47:06.040 --> 0:47:08.560 of the last stages that a government goes through before 0:47:08.560 --> 0:47:11.120 things really start to fall apart. So you look at 0:47:11.120 --> 0:47:14.120 countries like Argentina or Venezuela. That's how they try to 0:47:14.160 --> 0:47:18.000 prevent that inflation. They can't start printing money, but the 0:47:18.040 --> 0:47:20.320 inflation is killing them. So the next stages then the 0:47:20.360 --> 0:47:23.239 price fixing. Yeah, but you know, you can go back 0:47:23.239 --> 0:47:25.239 to we can go back to the times of the 0:47:25.400 --> 0:47:29.480 Roman Empire where they did price fixing. It doesn't work, 0:47:29.680 --> 0:47:33.000 you know, as you know, it never works. And you know, 0:47:33.040 --> 0:47:35.040 it got to the point there where they were taxing 0:47:35.160 --> 0:47:38.520 the farmers and the blacksmith and you know, you know 0:47:38.560 --> 0:47:41.920 the innkeep and what happened. People just walked away from 0:47:41.960 --> 0:47:45.760 their farms. You know, it can get to that point again, 0:47:46.320 --> 0:47:48.200 but I hope it wouldn't, you know. I just hope 0:47:48.200 --> 0:47:50.680 that we get really good leadership over the next couple 0:47:50.680 --> 0:47:53.600 of years. But with the way politics is controlled, I 0:47:53.640 --> 0:47:56.200 just don't I just don't see it coming. Usually, if 0:47:56.200 --> 0:47:59.520 you look at periods of history, the thing that changes 0:47:59.560 --> 0:48:03.000 situateations like we're in right now, where you might have 0:48:03.520 --> 0:48:05.919 a lot, you know, a very large percentage of the people, 0:48:05.960 --> 0:48:08.160 even though they won't admit it. You know, I speak 0:48:08.160 --> 0:48:11.120 to people every day and they will be acting one way, 0:48:11.160 --> 0:48:12.919 but when I speak to them privately, they actually don't 0:48:12.920 --> 0:48:15.520 agree with a lot of stuff that's going on. And 0:48:15.600 --> 0:48:18.799 that's what I've tend to found is true with nine 0:48:18.800 --> 0:48:22.000 out of ten people. They will pretend that they agree 0:48:22.080 --> 0:48:24.040 with you everything that's that's going on, but they don't 0:48:24.080 --> 0:48:27.120 really yes. So if you actually look at you know, 0:48:27.600 --> 0:48:30.480 this as a whole, people will walk away. If the 0:48:30.520 --> 0:48:34.719 government starts over taxing people and capital gains tax and 0:48:34.719 --> 0:48:37.840 and everything else. You get to these really high rates, 0:48:38.160 --> 0:48:41.279 people will just stop working or they'll walk away from it. 0:48:41.640 --> 0:48:45.480 And I'm a prime example of this. My tax rate 0:48:45.600 --> 0:48:49.279 is so exceptionally high in the UK, so I get 0:48:49.280 --> 0:48:55.160 taxed in my businesses and that's corporation tax, and then 0:48:55.239 --> 0:48:57.680 have to pay a sales tax on top. Because a 0:48:57.719 --> 0:49:00.440 lot of the costs I can't pass on or even 0:49:00.520 --> 0:49:02.160 if I do pass on, you know, in terms of 0:49:02.160 --> 0:49:04.359 the sales tax, what I could have charged a higher 0:49:04.400 --> 0:49:07.640 price anyway, you know, So all of these and that's 0:49:07.640 --> 0:49:10.359 another twenty percent sales tax we pay. And then you've 0:49:10.360 --> 0:49:12.359 got to pay the tax on the employees. You've got 0:49:12.360 --> 0:49:14.920 to pay at tax to the local government on premises 0:49:14.920 --> 0:49:17.480 and things like that. Already you're losing half your money 0:49:17.480 --> 0:49:20.160 in taxes in the UK business. And then you want 0:49:20.160 --> 0:49:22.480 to take dividends. Oh guess what, Neil, You're gonna have 0:49:22.520 --> 0:49:24.680 to pay forty pc on your dividends. Or you want 0:49:24.719 --> 0:49:27.400 to take a salary, Oh, you're gonna pay forty on 0:49:27.440 --> 0:49:30.359 your salary once you get to these levels. And then 0:49:30.360 --> 0:49:32.680 I want to spend my money, Oh now I've got 0:49:32.680 --> 0:49:35.560 to pay twenty percent sales tax on my spending. Once 0:49:35.640 --> 0:49:38.120 you get to these levels, like for me, for example, 0:49:38.600 --> 0:49:40.759 I could do a lot more and I could earn 0:49:40.760 --> 0:49:42.719 a lot more money and do a lot more investments, 0:49:42.760 --> 0:49:45.719 but I just think, what's the point. I would rather 0:49:45.840 --> 0:49:49.719 have the enjoyment of life and travel and things like that. 0:49:50.120 --> 0:49:52.759 Then I would to earn you even more money than 0:49:52.800 --> 0:49:55.280 I do right now. And this links back to your question. 0:49:55.280 --> 0:49:58.640 You asked earlier about employees and the jobs market. This 0:49:58.719 --> 0:50:01.120 is what people are seeing and our mark. You know, 0:50:01.160 --> 0:50:03.880 they're they're saying to themselves, I'm killing myself in a 0:50:04.000 --> 0:50:06.399 job that I don't enjoy. I'm stressed out and I'm 0:50:06.400 --> 0:50:09.200 working really hard and I'm getting you know, this level 0:50:09.239 --> 0:50:11.839 of tax on it. When I could you do my 0:50:11.880 --> 0:50:15.880 own business? You know, I spent the lockdown learning new skills. 0:50:15.880 --> 0:50:17.520 I want to start my own business. I want to 0:50:17.560 --> 0:50:20.400 do this, I want to do that. Why would they 0:50:20.440 --> 0:50:22.960 go back to that crazy stress for existence with the 0:50:23.040 --> 0:50:26.319 high taxation when they can do their you know, be 0:50:26.400 --> 0:50:28.920 their own boss and things like that. So, of course, 0:50:29.600 --> 0:50:33.239 not everyone thinks like that. Not everyone has the same mindset. 0:50:33.320 --> 0:50:36.400 Not everyone wants to be an entrepreneur. Some people enjoy 0:50:36.440 --> 0:50:38.640 their job, and as I always say, if you enjoy 0:50:38.680 --> 0:50:41.279 your job, great that you know you've you've made it 0:50:41.360 --> 0:50:43.440 because you're in a job you enjoy stick with it. 0:50:43.880 --> 0:50:46.200 But a lot of people are unhappy. And that's another 0:50:46.239 --> 0:50:49.160 reason why you're seeing this mass migration out of the 0:50:49.239 --> 0:50:52.759 job market. And I said, you know, way back, you know, 0:50:52.840 --> 0:50:55.120 unemployment isn't going to drop like they're saying, Yeah, it's 0:50:55.120 --> 0:50:57.759 gonna drop from six to three. I've said from day 0:50:57.760 --> 0:51:00.800 one it won't because of unemployment, scarring and the mass 0:51:00.840 --> 0:51:03.839 movement of of jobs. And this is what they still 0:51:03.880 --> 0:51:09.560 can't see unfortunately. Yeah. Yeah, man, what a what a situation. 0:51:09.640 --> 0:51:13.120 Where in the last topic I'll jump into would be Um, 0:51:13.200 --> 0:51:16.560 so coming from the UK. Now in the US, you 0:51:16.600 --> 0:51:19.800 said you've traveled the sixty five different countries. Um, we 0:51:19.880 --> 0:51:22.720 talked about the problems in the market, the job markets 0:51:22.719 --> 0:51:25.040 to scarring. Um, we're also at a different time. The 0:51:25.080 --> 0:51:27.080 Internet has now allowed us to do things like we're 0:51:27.120 --> 0:51:30.520 doing right now. So, Um, being that you're an international 0:51:30.560 --> 0:51:34.719 man traveling around the world, still running your businesses, etcetera. Um, 0:51:34.800 --> 0:51:38.320 what kind of advice would you give to people that, uh, 0:51:38.560 --> 0:51:41.560 that are seeing this change, this great reset agenda, all 0:51:41.560 --> 0:51:44.239 these things happening. They're worried about it, like and and 0:51:44.280 --> 0:51:47.399 how do they navigate that? Should they start traveling, start 0:51:47.440 --> 0:51:50.680 thinking about moving somewhere, Should they start learning new skills 0:51:50.680 --> 0:51:52.360 that could be done anywhere in the world, Like, what 0:51:52.440 --> 0:51:55.040 kind of advice would you have for that? Yeah? Okay, 0:51:55.040 --> 0:51:57.279 So I'll give you an extreme example and then I'll 0:51:57.320 --> 0:52:00.719 give you a more realistic example. So if you want 0:52:00.719 --> 0:52:03.719 an extreme example, and you are you know, you want 0:52:03.719 --> 0:52:06.200 to plan for the worst case. I wouldn't be in 0:52:06.239 --> 0:52:09.239 the city. I would be selling up and I'd be 0:52:09.320 --> 0:52:13.640 moving more rurally. I'd be looking at how you can 0:52:13.640 --> 0:52:15.560 make sure you've got your own water source if there 0:52:15.600 --> 0:52:18.239 are cyber attacks on you know, the water and all 0:52:18.239 --> 0:52:20.520 these sort of things. Because you've seen this in other 0:52:20.520 --> 0:52:24.120 countries where you know, a nuclear power station has gone 0:52:24.120 --> 0:52:26.960 out or something like that. You can't pump water, you 0:52:26.960 --> 0:52:29.320 can't do all these things. People have to leave the areas, 0:52:29.680 --> 0:52:31.839 you know, they became migrants in a way, from their 0:52:31.880 --> 0:52:35.160 own economic migrants from their own areas. So I'd be 0:52:35.200 --> 0:52:37.240 planning for things like this. I'd be planning for food. 0:52:37.600 --> 0:52:42.560 I think it's crazy when people attack preppers, right, you know, 0:52:42.560 --> 0:52:44.120 it's a bit of a meme. It's a joke. At 0:52:44.160 --> 0:52:46.880 the moment everyone attacks preppers, they said, oh, they're crazy, 0:52:46.960 --> 0:52:49.600 and all they have the last few years. Human beings 0:52:49.640 --> 0:52:54.640 have been preppers for thousands of years, and it's at 0:52:54.760 --> 0:52:57.480 in the last dirty years that they've stopped because they 0:52:57.520 --> 0:52:59.760 could go to the grocery store. They can get something 0:52:59.760 --> 0:53:02.880 like bang on demand. What the wake up call for 0:53:02.920 --> 0:53:07.279 me was in March when I was in Spain and 0:53:07.320 --> 0:53:11.160 I got locked down in an apartment. I had no food. 0:53:11.560 --> 0:53:13.799 I had just some crackers. Me and my wife were like, 0:53:13.960 --> 0:53:17.920 oh my goodness. We went out. The police brought me 0:53:18.000 --> 0:53:20.960 back in the police car to the apartment. Yes, that 0:53:21.000 --> 0:53:24.279 actually happened. I wasn't allowed to go to the supermarket. 0:53:25.080 --> 0:53:27.840 Then I went the next day. I snook out again, 0:53:28.239 --> 0:53:33.080 because who cares? I snook went to market. Yeah, and 0:53:33.200 --> 0:53:35.560 I didn't know that in Spain supermarkets are closed on 0:53:35.600 --> 0:53:39.680 a Sunday. So here we were. And actually, I don't 0:53:39.800 --> 0:53:41.760 mind even saying this. I had to knock on people's 0:53:41.800 --> 0:53:44.480 doors for food, right, because what else are you going 0:53:44.560 --> 0:53:46.520 to do? You know, this is me as well, so 0:53:46.600 --> 0:53:48.920 if it can happen to me, it can happen to anyone. 0:53:49.400 --> 0:53:53.280 And then I got back to the UK and uh 0:53:53.440 --> 0:53:55.640 not not too far away from where my old house was, 0:53:55.680 --> 0:53:59.320 maybe five ten miles away the largest supermarket in Europe. 0:54:00.080 --> 0:54:01.840 I went in there. I made a video about this, 0:54:01.880 --> 0:54:04.040 you can see it on my channel. It was stripped, 0:54:04.560 --> 0:54:07.160 the shelves were empty, there was nothing. You could buy. 0:54:07.239 --> 0:54:09.759 Chocolate and wine and stuff like that, but you can't 0:54:09.800 --> 0:54:12.799 really live on chocolate and wine, although some people do. 0:54:12.880 --> 0:54:16.560 I'm sure you know. So this is the sort of 0:54:16.600 --> 0:54:19.040 extreme example. Make sure you've got food, make sure you've 0:54:19.040 --> 0:54:22.520 got water, like for us, as as I mentioned, like 0:54:22.600 --> 0:54:25.040 a whole family we sold up in California. We lived 0:54:25.040 --> 0:54:28.680 in Camario, which is Inventura County. We've sold up. The 0:54:28.719 --> 0:54:33.080 whole families moved to um like the closest cities, Lexing 0:54:33.160 --> 0:54:36.440 turn if you want to say that in Kentucky, um 0:54:36.480 --> 0:54:38.359 you know as well all the horse racing and things 0:54:38.400 --> 0:54:41.320 like that. Yeah, it's crazy. I just think, why didn't 0:54:41.440 --> 0:54:43.920 we all do this before? Where you get twice the 0:54:43.960 --> 0:54:46.319 size of house for your money, you know, then you 0:54:46.360 --> 0:54:50.440 could in California and it's just a really nice standard 0:54:50.480 --> 0:54:53.720 of living, nice community where your neighbors talked to one another. 0:54:53.920 --> 0:54:56.520 You know, it's not like you know, like that in 0:54:56.600 --> 0:55:00.520 California a lot of times. So that's an extreme example. 0:55:00.920 --> 0:55:03.600 Just make sure that you've got everything set up. We've 0:55:03.640 --> 0:55:06.200 definitely done that, taken care of this. But at the 0:55:06.200 --> 0:55:08.400 same time, we still have a small home in the 0:55:08.520 --> 0:55:10.239 UK that we're going to keep. We're not going to 0:55:10.440 --> 0:55:12.640 sell that home, Okay, so we've got we've got a 0:55:12.640 --> 0:55:15.400 backup plan now that's an example for me, and it's 0:55:15.400 --> 0:55:18.240 an extreme example, but for a lot of people, they're 0:55:18.280 --> 0:55:20.640 listening saying, look, I haven't got that sort of money, 0:55:20.719 --> 0:55:23.480 I can't do that sort of thing. I would say, 0:55:23.920 --> 0:55:27.680 if you can do your job remotely, I would definitely move. 0:55:28.000 --> 0:55:30.440 I don't think I would stay in the city. Even 0:55:30.520 --> 0:55:33.360 if somethings start to come back, like restaurants we we 0:55:33.480 --> 0:55:36.360 mentioned have started to come back. Even if everything starts 0:55:36.360 --> 0:55:38.960 to come back, it's gonna take years for it to recover, 0:55:39.440 --> 0:55:42.600 you know. And that's assuming we don't have a financial crisis, 0:55:42.680 --> 0:55:45.879 a crash in the market. Then you're really stuck because 0:55:45.880 --> 0:55:48.279 then you'd be stuck in the city where you think 0:55:48.280 --> 0:55:50.319 it was going to recover, and you can't sell your 0:55:50.320 --> 0:55:53.000 house because there was this big crash in the markets 0:55:53.000 --> 0:55:55.200 and it's affected the housing market and people haven't got 0:55:55.280 --> 0:55:58.000 jobs and they can't buy a new home and everything else. 0:55:59.280 --> 0:56:01.479 So I think, you know, and if you don't enjoy 0:56:01.520 --> 0:56:04.080 your job right now, this is another thing, and you've 0:56:04.080 --> 0:56:06.360 always wanted to be an entrepreneur, I think now is 0:56:06.360 --> 0:56:08.520 the perfect time to give it a try. What have 0:56:08.600 --> 0:56:11.920 you got to lose? Really, So I think that's a 0:56:12.120 --> 0:56:15.400 that's another thing, but just stick, you know, bring your 0:56:15.400 --> 0:56:21.239 budgets down, don't over overspend. One thing I learned when 0:56:21.320 --> 0:56:23.239 I when I first got got married to my wife, 0:56:23.239 --> 0:56:26.839 who's who's American is meeting a lot of American people 0:56:26.840 --> 0:56:30.840 get into the culture. It's very different from the European mindset. 0:56:31.440 --> 0:56:33.920 So in Europe people save a lot of their money. 0:56:34.360 --> 0:56:37.440 You know, you have an excess most months, even if 0:56:37.440 --> 0:56:40.200 it's a small excess, or you break even. What I 0:56:40.280 --> 0:56:43.480 discovered is that the average American you know, spends everything 0:56:43.560 --> 0:56:46.200 and sometimes they spend more, like on the credit cards, 0:56:46.200 --> 0:56:49.040 and they get the loans and they max everything out 0:56:49.080 --> 0:56:53.719 with monthly payments. And yeah, it's a clever financial system 0:56:53.840 --> 0:56:56.880 when times are good, but when times are bad is 0:56:57.040 --> 0:57:00.680 very very dangerous. So I start looking at that as well. Budgets. 0:57:00.719 --> 0:57:04.560 Bring those budgets down and see if you can, especially 0:57:04.600 --> 0:57:08.360 if you can work remotely. Definitely I would move. I 0:57:08.360 --> 0:57:10.839 wouldn't stay in an expensive place where you know your 0:57:10.840 --> 0:57:13.279 house has got up massively in value. I'd look to 0:57:13.280 --> 0:57:16.280 sell it. Move a little more rurally if possible, get 0:57:16.280 --> 0:57:19.720 a really strong internet connection, and you're gonna have a 0:57:19.800 --> 0:57:22.320 much better standard of living in my opinion, especially over 0:57:22.360 --> 0:57:25.160 the next few years and then you know, if things 0:57:25.160 --> 0:57:27.120 come back in a few years time, you can always 0:57:27.120 --> 0:57:30.480 move back. You know, you're not a tree, You're not 0:57:30.600 --> 0:57:33.960 fixed to one location. You can always sell your property 0:57:33.960 --> 0:57:37.680 and move back. Yeah. Yeah, that's a good point. I 0:57:37.720 --> 0:57:41.720 read for our work week, you know whatever, years ago, 0:57:41.760 --> 0:57:43.880 whenever that came out. One of the points that he 0:57:43.960 --> 0:57:49.200 made was that, um, nothing is irreversible. You know, nothing's irreversible. 0:57:49.200 --> 0:57:51.680 And we moved from California to Puerto Rico, and everyone 0:57:51.720 --> 0:57:53.800 thinks that's so crazy, but it's like, we're can just 0:57:53.920 --> 0:57:57.040 move back. We can just move back. So anyway, to 0:57:57.040 --> 0:57:58.720 your point, yeah that yeah, you're not a tree. You 0:57:58.720 --> 0:58:00.920 can just move So I love that, and so I 0:58:00.960 --> 0:58:02.840 wanted to get that perspective from you. Having been to 0:58:02.880 --> 0:58:06.240 sixty five countries, it's it's important, especially to your point. 0:58:06.600 --> 0:58:08.080 You know, in the United States, the culture is a 0:58:08.080 --> 0:58:10.320 little bit different. And as I travel a bunch, I 0:58:10.400 --> 0:58:12.520 noticed that you see international people traveling a bunch, but 0:58:12.520 --> 0:58:14.439 a lot of the United States people don't travel that much. 0:58:14.800 --> 0:58:17.720 And so it's important, important, important for that. But man, 0:58:17.760 --> 0:58:19.440 with that, I think we'll go ahead and sign it off, 0:58:19.480 --> 0:58:21.640 wrap it up. I know, we've covered a lot of topics. 0:58:22.360 --> 0:58:24.600 I appreciate you've taken the time to speak to us 0:58:24.680 --> 0:58:27.240 so much. Um Anything anything else that you want to 0:58:27.280 --> 0:58:29.800 add or draw attention to, people should follow you obviously 0:58:29.880 --> 0:58:33.280 will link to your YouTube channel. Anything else. No, I 0:58:33.280 --> 0:58:35.840 think we've covered most things. To be honest, Mark, I 0:58:35.840 --> 0:58:39.280 hope people got some some value, um, you know, from 0:58:39.360 --> 0:58:41.760 from what we've discussed today. And I just say to everyone, 0:58:41.840 --> 0:58:46.040 keep an open mind, right, don't watch as much mainstream media. 0:58:46.240 --> 0:58:48.520 Just try and keep an open mind on most topics. 0:58:48.600 --> 0:58:52.200 And one of the best lessons I ever learned in 0:58:52.320 --> 0:58:56.840 humility was that really what we know is zero point 0:58:56.960 --> 0:58:59.400 zero zero zero zero zero, and you can keep going 0:58:59.520 --> 0:59:02.200 one person and of of what really exists in this 0:59:02.440 --> 0:59:05.440 in this world. So it's a it's a good lesson 0:59:05.480 --> 0:59:07.960 for me to realize that I really know nothing. And 0:59:08.000 --> 0:59:09.960 people think I know a lot of stuff from all 0:59:10.000 --> 0:59:14.440 the reading and everything I do, but really I know nothing. 0:59:14.720 --> 0:59:17.000 That's that's the way I look at things like that. 0:59:17.200 --> 0:59:20.560 And when you don't take very strong stances either way 0:59:20.560 --> 0:59:23.280 on positions, and you try and remain neutral with whoever 0:59:23.320 --> 0:59:27.360 you are, whether they're a Democrat, Republican, and there they 0:59:27.400 --> 0:59:31.520 love Joe Biden, or they love Donald Trump, whoever. You know, 0:59:31.560 --> 0:59:34.280 I try and take a very neutral stance with everyone 0:59:34.840 --> 0:59:37.400 and see and usually if you do that, you don't 0:59:37.400 --> 0:59:40.880 have strong opinions and emotional spikes to it. You usually 0:59:40.920 --> 0:59:43.160 find some common ground with everyone, which is what I 0:59:43.200 --> 0:59:47.000 personally experience. Now does everyone experience that with me? Probably not, 0:59:47.680 --> 0:59:51.000 But that's one of my sort of key takeaways for 0:59:51.240 --> 0:59:56.480 you know, for having more successful relationships. For sure. Good stuff, Neil, 0:59:56.840 --> 0:59:59.720 thanks so much, appreciate it. Yeah, You're most welcome. Mark 0:59:59.760 --> 1:00:21.320 take right. I'll have these two and mm hmm. I 1:00:21.360 --> 1:00:24.120 could add hands Harmon Hopper as well. I think those 1:00:24.160 --> 1:00:30.480 three would be there that I need for before I'll 1:00:30.520 --> 1:00:33.480 add Ferdinand Lips. I've only read one book of his. 1:00:33.600 --> 1:00:36.120 He's only written one book. I think the book is 1:00:36.120 --> 1:00:38.840 called gold Wars, and it was highly influential on the 1:00:38.880 --> 1:00:43.720 Bitcoin standard. The Bitcoin standard was essentially to a very 1:00:43.800 --> 1:00:48.040 large extent. I think it was what Ferdinand Lips would 1:00:48.040 --> 1:00:52.800 have written if he was fifty years younger. Um. He 1:00:53.000 --> 1:00:55.360 died in two thousand, I think, or in the late nineties, 1:00:55.880 --> 1:00:58.920 and he was a Swiss banker who worked in Switzerland 1:00:58.960 --> 1:01:04.000 in banking and Um, he wrote a book on gold 1:01:04.080 --> 1:01:06.000 has Money in the History of Gold, and he understood 1:01:06.240 --> 1:01:09.160 the significance of hard money for civilization. He understood it 1:01:09.240 --> 1:01:11.320 very well and wrote about it very eloquently in that book, 1:01:11.320 --> 1:01:14.040 and it was enormously influential for me. So I would 1:01:14.600 --> 1:01:18.520 probably say these four Yeah, Mises hop rough part and 1:01:18.760 --> 1:01:22.040 furtherland lips nice, alright, good. I know I caught you 1:01:22.080 --> 1:01:24.560 off guard with that one, but but it was but 1:01:24.640 --> 1:01:26.280 I was good to hear that. Um cool with that. 1:01:26.360 --> 1:01:28.600 We're gonna wrap it up. I know you have that book. 1:01:28.600 --> 1:01:31.280 If you had Standard coming out really quickly, you were 1:01:31.320 --> 1:01:34.720 running a kickstarter. Is that still running or is that over? Yes, 1:01:34.720 --> 1:01:36.840 it's still running. You can you can go to my 1:01:36.880 --> 1:01:40.680 website safetan dot com slash Kickstarter or safety dot com 1:01:40.680 --> 1:01:44.560 slash t f S and Fiat Standard and you can 1:01:44.600 --> 1:01:46.840 pre order the book right now. It will be delivered 1:01:46.840 --> 1:01:49.360 in December, but you can get the draft of the book, 1:01:49.400 --> 1:01:52.840 the almost complete the draft still gonna be some editing done, 1:01:53.040 --> 1:01:54.600 but if you order now, you'll get the draft so 1:01:54.600 --> 1:01:56.920 you can read it now in digital format, and then 1:01:56.920 --> 1:01:59.240 in December you'll get the physical book, the digital book, 1:01:59.400 --> 1:02:02.560 and the audiobook and you can get a signed copy 1:02:02.640 --> 1:02:04.560 of it. Yes, and you can get a signed copy, 1:02:04.640 --> 1:02:07.640 and essentially the signed copies my way of Um. You know, 1:02:07.680 --> 1:02:10.840 people like donate to universities that they like. I'm sort 1:02:10.880 --> 1:02:13.880 of cutting out the middleman. And you know, if you 1:02:13.920 --> 1:02:16.040 want to support me working on these books, it takes 1:02:16.080 --> 1:02:17.400 a lot of time to write these books and I 1:02:17.440 --> 1:02:20.360 don't and I'm publishing. I'm self publishing them. Um. So 1:02:20.400 --> 1:02:23.720 instead of going to publishing house and taking an advance, 1:02:23.800 --> 1:02:26.720 I'm getting the advance essentially from my readers. So if 1:02:26.720 --> 1:02:28.600 you buy a signed copy, you get a signed copy, 1:02:28.640 --> 1:02:29.840 and you get listed in the book as one of 1:02:29.840 --> 1:02:32.520 the supporters of the book. So please do that. Yep, 1:02:32.640 --> 1:02:34.320 I got a signed copy of the Bitcoin Standard. I'm 1:02:34.320 --> 1:02:36.120 definitely getting a copy of the signed copy of the 1:02:36.120 --> 1:02:38.080 FED standard. So I'm in. I'm gonna put the link 1:02:38.120 --> 1:02:41.440 down below for everybody. I recommend that you go do that. Um, 1:02:41.480 --> 1:02:42.840 And with that we'll go ahead and sign it off. 1:02:42.960 --> 1:02:45.880 Thanks so much, Safety, thank you so much, Mark. Pleasure 1:02:45.880 --> 1:02:47.400 to take care all right.