Speaker 1: Today, the global financial markets are more tied together than
Speaker 1: any time before in history. It seems like everything in
Speaker 1: the world is moving together, the economies, the financial markets,
Speaker 1: the medical problems and situations that we're dealing with, and
Speaker 1: so much more. And I talk a lot about the
Speaker 1: federal reserve of the dollar is the reserve currency of
Speaker 1: the entire world, and so that's why I do that.
Speaker 1: But today I'm joined by an international guest, somebody who's
Speaker 1: been to over sixty five countries, lived in numerous countries,
Speaker 1: and can help us tie what's going on in the
Speaker 1: United States with the rest of the world and give
Speaker 1: us that international perspective when it comes to real estate
Speaker 1: in other countries, um economies, jobs, etcetera. And understand this
Speaker 1: perspective helps us to get a much more complete picture
Speaker 1: of where we're at currently, but what to expect in
Speaker 1: the are in their future, and even how to prepare. Uh.
Speaker 1: He gives us a lot of that good information. I'm
Speaker 1: joined by Neil McCoy ward. Um, let's go ahead, jump
Speaker 1: right into it. Everyone. Welcome to another episode of The
Speaker 1: Market Disruptor Show. And today I am joined by Neil
Speaker 1: McCoy a Ward. He's a he's a businessman. It's TEO
Speaker 1: of a group of companies that are in the real
Speaker 1: estate market, but he's probably more better known as a
Speaker 1: macro financial market analysts on YouTube talk to a lot
Speaker 1: of the topics that I talked about, but with an international,
Speaker 1: um kind of outlook on it. So I'm super excited
Speaker 1: to talk to you today, Neil. Thanks so much for
Speaker 1: joining us. Yeah, you might welcome. Thanks for having me on. Yeah, so,
Speaker 1: I know, uh, you know, you do a lot of
Speaker 1: different things, as as we've talked about, UM, but you
Speaker 1: have this unique outlook. You've lived abroad, you know, international,
Speaker 1: you've lived in the United States. Um, why don't you
Speaker 1: just give us like a little bit of background on
Speaker 1: on you and what you're doing right now to give
Speaker 1: us that perspective. Yeah. So, I mean just before we
Speaker 1: jumped on and recorded this, I was saying, I mean,
Speaker 1: play a Delta m and then Mexico right now. And
Speaker 1: before that, I was in Costa Rica different places from
Speaker 1: Tamarindo to San Jose, etcetera. Before that, I was in Florida.
Speaker 1: Before that in Kentucky and California. So I tend to
Speaker 1: travel a lot. I mean, this is my sixty eight
Speaker 1: country now, I've been trying to stay out of the
Speaker 1: UK and the US as much as possible at the
Speaker 1: moment with everything just going on. You know, a lot
Speaker 1: of if people are watching your channel, then I don't
Speaker 1: need to sense of what I say here. But there's
Speaker 1: a lot of crazy stuff going on in the world,
Speaker 1: and it's it's and you know, like like yourself a
Speaker 1: student of history, When I look at everything that's happening,
Speaker 1: all the patterns and trying to link it together, the
Speaker 1: developments that I'm seeing are very worrying to me. So
Speaker 1: I just wanted to be away from that for a
Speaker 1: little bit, just so I can observe from the outside
Speaker 1: because when you're in it, because like most things, you
Speaker 1: don't see. You have these blind spots. You don't see
Speaker 1: what's going on. You don't see the development and how
Speaker 1: rapid things are happening. So that's who I am right now. Um,
Speaker 1: still doing my day job, you know, as a see over.
Speaker 1: The Forward Thinking Group still do that three days a week.
Speaker 1: Used to be six days a week. Obviously with everything
Speaker 1: that's happened over the last year, that's gone down. So
Speaker 1: running the YouTube channel and all the other platforms and
Speaker 1: things like that, that I do. Yeah, yeah, and uh,
Speaker 1: you know, so I know we were it seemed to
Speaker 1: be looking at a lot of the same things. Um,
Speaker 1: as you said, you know, people might channel know we're
Speaker 1: doing a lot of crazy stuff, and so, um, I
Speaker 1: see that we're both kind of seeing the same events happening,
Speaker 1: like I said, but maybe from a little bit different angles.
Speaker 1: So I'm excited to dig into those things today, like
Speaker 1: I said, with maybe a little bit more of a
Speaker 1: global fair flare to it. And I know, um specifically,
Speaker 1: what let's start, you know, just talking about the macro
Speaker 1: financial picture overall. And I spent a lot of time
Speaker 1: talking about the Federal reserve um, the dollar, it's the
Speaker 1: reserve currency of the world, and it drives the world markets.
Speaker 1: But at the same time, there's lots of other things
Speaker 1: going on out there in the world. So maybe just
Speaker 1: give us kind of this global macro picture that you
Speaker 1: see right now, with you know, inflation running at at
Speaker 1: at a sky high rate, you know, debt levels at
Speaker 1: levels that you know seem like they're you know, can't
Speaker 1: really go any higher. Kind of what's your what's your
Speaker 1: overall look and see how things are going right now? Yeah? Yeah, sure,
Speaker 1: what's interesting what you mentioned about inflation there, because just
Speaker 1: before jumping on this video, I was just looking through
Speaker 1: my comments on my YouTube channel and someone said, oh,
Speaker 1: you called it fifteen months ago. So I was like,
Speaker 1: what need you know the time stamp? And I forgot
Speaker 1: I'd said this, but fifteen months ago when the QUEI
Speaker 1: started the quantitative easing and all the trillion, you know,
Speaker 1: the all the money print currency printing, not money printing.
Speaker 1: I don't like to say the word money printing because
Speaker 1: it isn't money printing. In fact, they don't even print,
Speaker 1: They create it digitally. But I went back and looked
Speaker 1: and what I said in that video was that for
Speaker 1: every round of QUI they do give it twelve eighteen months,
Speaker 1: and you're going to see um an equivalent rate of
Speaker 1: inflation going into the monetary supply, because that is how
Speaker 1: it works. And again we get into these arguments with
Speaker 1: does que get into the money supply and things like that. Yes,
Speaker 1: for the most part, it does. You know, we could
Speaker 1: go back and forth and debate that, but sometimes these
Speaker 1: YouTubers they say, none of this que E gets into
Speaker 1: the currency supply. Well, let me just give you an example.
Speaker 1: How can you print or you know, and it was
Speaker 1: printing all of the currency and then giving stimulus to
Speaker 1: people and all the other the benefits and packages that
Speaker 1: happened ever last year. So people actually get the dollars
Speaker 1: in their hands. How can people say that is not
Speaker 1: que getting into the the economy. Obviously it is. I
Speaker 1: don't know where you know, people get get these ideas from,
Speaker 1: but this is what's going in. So what we're seeing
Speaker 1: now in terms of inflation, I've been tracking for a
Speaker 1: long long time. My opinion hasn't really changed on it.
Speaker 1: The inflation is going to keep going on as well,
Speaker 1: but I don't see hyper inflation. Yes, it could happen
Speaker 1: if you get to that point where the federal reserves say, okay,
Speaker 1: we've got two options. We're in a liquidity trap. We
Speaker 1: either keep doing QUEI and keep it going, but there's
Speaker 1: even a limit to quis as you know, or they
Speaker 1: raise interest rates. There aren't really that many of the options.
Speaker 1: Although what do we have. We have this wildcard right now,
Speaker 1: which is the cb d C. I've seen that You've
Speaker 1: talked about it a lot in your channel. The CBDC
Speaker 1: is an interesting one, and right now I have theories
Speaker 1: on what might happen when it might look like. But
Speaker 1: I don't think anyone can see with absolute certainty exactly
Speaker 1: what's going to happen there. But there's a lot of
Speaker 1: concerning developments that I have around the CBDC. How's it
Speaker 1: going to run? Will there be social credit scores like
Speaker 1: they've been trialing in in China? You know what? What
Speaker 1: how is this going to look? Are they going to
Speaker 1: run it concurrently with the a U s Dollar as
Speaker 1: it is today? And then what's going to happen with
Speaker 1: all the other currencies packed to the dollar? How they
Speaker 1: you know, there's there's a lot of questions that remain unanswered.
Speaker 1: But in terms of how I see the global economy
Speaker 1: right now, we're all inter linked. You know, the the
Speaker 1: US can't do something without other other countries having to
Speaker 1: do something with their currencies as well. This is the
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Speaker 1: fine now. And I think the next time we have
Speaker 1: a crisis it's going to be even bigger than the
Speaker 1: last crisis because of the interconnectivity with all of the
Speaker 1: countries and the banks. Now, yeah, well the next crisis
Speaker 1: that we're still in it it's not going away. So
Speaker 1: it looks like I saw today, um uh shoot, I
Speaker 1: want to say it was a health matter for Iceland.
Speaker 1: One of those countries over there said that that even
Speaker 1: with their population um already got the jab we'll call it,
Speaker 1: that they still see that these restrictions will remain in
Speaker 1: place somewhere between five up to fifteen years, that's what
Speaker 1: they said. But anyway, UM, so you know in the
Speaker 1: United States, I know, you know, about thirty five of
Speaker 1: all the dollars in existence were created in the last
Speaker 1: twelve months, and so if you inflate the money supply
Speaker 1: by thirty then you would expect prices to go up
Speaker 1: by about thirty percent. And we have right home. Prices
Speaker 1: are up, um, you know on the year. Um, some
Speaker 1: prices are like lumber three, and so it's a little
Speaker 1: bit different. Um, however, can I just jump in on that.
Speaker 1: So the lumber went up three not for all the
Speaker 1: reasons people were talking about. They're saying, oh, you know,
Speaker 1: is this reason that reason? And supply. Part of it
Speaker 1: was supplied, but part of it was manipulation on the
Speaker 1: futures contracts, which no one seems to know about. I
Speaker 1: don't know, I don't know why, but no one, but
Speaker 1: this is what it was. It was just more manipulation.
Speaker 1: Like we've seen the silver market and precious metals and
Speaker 1: all of them. It's pure manipulation. And now so yes,
Speaker 1: it was at that's back down to seventy percent as
Speaker 1: we've had all the you know, um, and I'll tell
Speaker 1: you another thing. Some of the mills I like to,
Speaker 1: you know, do this sort of in depth research and
Speaker 1: look at this and sometimes call up people. They were
Speaker 1: saying that they couldn't get the supply out, Like it
Speaker 1: wasn't a case of they had no supply. It was
Speaker 1: stacked up and people like funds had bought this this
Speaker 1: lumber and they were just saying we'll pay you X
Speaker 1: amount to store it because they're making money on all
Speaker 1: the contracts. So it wasn't a case that there was
Speaker 1: this big supply shortage. They just couldn't get the timber
Speaker 1: into to actually deal with it. So there's a lot
Speaker 1: more to that that than meets. And of course now
Speaker 1: we've had all the supply coming back through, so number
Speaker 1: still up. Se this has a knock on house building,
Speaker 1: new house building. What have we seen nineteen point one
Speaker 1: percent I think it was announced this week down on
Speaker 1: the new new new home sales and all this everything
Speaker 1: is interconnected. It's like a giant spider web of globalization.
Speaker 1: And another thing with the timber that was just talked
Speaker 1: about this week is now we're having these you know,
Speaker 1: these huge forest fires just ripping through the US and
Speaker 1: now they're concerned this is going to have an impact
Speaker 1: on on timber going forward as well. It's you know,
Speaker 1: we're living in a crazy world right now. Yeah, it
Speaker 1: is all connected. It's interesting to see how that works.
Speaker 1: Um And so you know, we see all those prices
Speaker 1: going up, and like I said, I kind of focused
Speaker 1: on that in the United States. But are we seeing
Speaker 1: I mean, are we seeing that throughout the world, through
Speaker 1: the UK, through Europe. I mean, prices on all these
Speaker 1: things are going up, used car prices, home prices, lumber prices.
Speaker 1: Is this a global thing? Yeah, definitely. In fact, the
Speaker 1: US hasn't even got the brunt of this inflation. You
Speaker 1: go to some of the countries in Africa, you go
Speaker 1: to to Venezuela, you go to Lebanon and some other places. Now,
Speaker 1: of course, each one is an island and it's health
Speaker 1: in that. You can't just take it as a whole.
Speaker 1: There's other things going on in terms of hyper inflation
Speaker 1: some of those places. But yeah, look at food prices
Speaker 1: if you go you could go to some countries in Africa.
Speaker 1: Now there's so many that I can't even name them all.
Speaker 1: And the food prices some of them have doubled or more.
Speaker 1: I mean you're talking about one hundred percent inflation in
Speaker 1: food prices, not ten percent like we're or or you
Speaker 1: know around that. It depends on the food product, of course,
Speaker 1: and you can't rely on the CPI because they swap
Speaker 1: out the different food products and put other ones in
Speaker 1: a lower Why do they do that, Because you've got
Speaker 1: to think of it like this. If they tell the
Speaker 1: true figures on the c p I. What's connected to
Speaker 1: the CPI the pensions is all the money they're in
Speaker 1: the pensions to cover the pensions. I don't think so.
Speaker 1: I think it's somewhere else. So again it's all connected, Yeah, definitely, Yeah,
Speaker 1: we know the money is not there. UM. So we
Speaker 1: have all these prices going up, and then we have
Speaker 1: UM that you know, those are asset that's asset inflation,
Speaker 1: that's consumer good in prices inflation. But then we have,
Speaker 1: you know, problems were I think both of us have
Speaker 1: kind of dug into this where we have worker shortages
Speaker 1: all across. I know I've been traveling quite a bit
Speaker 1: as you have, UM, and I recently spent two weeks
Speaker 1: in Florida going around different places, and many of the
Speaker 1: hotels I stayed at had to cut down all their services.
Speaker 1: They couldn't open a capacity, they didn't have room service,
Speaker 1: they couldn't open the restaurant just because they didn't have workers,
Speaker 1: which then causes UM employers to have to raise their
Speaker 1: prices or i'm sorry, the rates they pay, which at
Speaker 1: leads the more inflation. UM. What are your what's your
Speaker 1: take on this worker shortages and the government paying people
Speaker 1: not to work. Yeah, well, if if you'll allow me,
Speaker 1: I'd like to talk on another point with that as well,
Speaker 1: which is unemployment scarring. So we'll talk about unemployment scarring
Speaker 1: and directly after this. So what I see with the
Speaker 1: worker shortage, all of these bailouts that some of the
Speaker 1: companies got last year that was supposed to be for
Speaker 1: you know, the pandemic related um you know, economy and
Speaker 1: helping things along. A lot of these companies took that money,
Speaker 1: that bail out money, and they did share buy backs
Speaker 1: with the money. What should they have done? Research and development,
Speaker 1: staff training, helping their employees. The bedrock of any company
Speaker 1: is your employees. You've got to look after your employees.
Speaker 1: And unfortunately, what we've seen, especially in the United States,
Speaker 1: it's not as predominant in other in other countries, but
Speaker 1: it still exists in the United States a lot of
Speaker 1: the because you have the lobbyists and all this. You know,
Speaker 1: there's a lot of corruption, although we can't call it
Speaker 1: corruption of course, but there is all this lobbying and
Speaker 1: everything else that goes on. It doesn't create this free
Speaker 1: market economy. So you have all of these huge companies,
Speaker 1: these monopolies that are just growing, growing, growing, and then
Speaker 1: you have all the small business owners, the same s
Speaker 1: small to medium sized enterprises. They have been crashing and
Speaker 1: going bankrupt in the economy, and this is really where
Speaker 1: we we we move on to unemployment scarring. So a
Speaker 1: lot of people don't understand this, but six it depends
Speaker 1: on the country of employees are employed by the sames,
Speaker 1: the small to medium sized enterprises businesses. So when you
Speaker 1: have this huge crash in these businesses and these huge bankruptcies,
Speaker 1: what actually happens is you lose those employees, so they
Speaker 1: you know, they they lose their jobs, things like that.
Speaker 1: Where does most of the spending into GDP come from?
Speaker 1: From consumer spending? I mean, this is just basics, very
Speaker 1: common sense stuff. So if these people don't have a
Speaker 1: job anymore, how can they spend into the economy and
Speaker 1: boost the g d P. See, I don't even think
Speaker 1: the GDP was genuine what came out last year because
Speaker 1: what they included into the GDP was all the stimulus
Speaker 1: and everything else that they created. And then you've got
Speaker 1: to think when that stimulus went to people's hands, they
Speaker 1: then spent that stimulus. What was that recorded in g
Speaker 1: d P. So You've got a lot of stuff going
Speaker 1: on here, which I think is going to cause a
Speaker 1: crisis very soon because people are just saying I quit
Speaker 1: from their jobs. And I know a lot of people
Speaker 1: who had to work through this last year, and yet
Speaker 1: their coworkers were sat at home not having to work.
Speaker 1: And you know, we make this sort of joke that
Speaker 1: they sat there drinking a beer watching Netflix for a year,
Speaker 1: but obviously that isn't what what what people were doing.
Speaker 1: They're all watching HBO instead. Probably, Yeah, you know, a
Speaker 1: lot of what they've been doing is learning new skills.
Speaker 1: And here's the problem, and again it's a problem for employers,
Speaker 1: not for you know, individuals like curse freethinking people. When
Speaker 1: you get a lot of time human psychology, what it
Speaker 1: is we start to think. When you're running around like
Speaker 1: a headless chicken, driving out to work on a train
Speaker 1: or whatever, working stressful job all day, traveling back, all
Speaker 1: you do is get home. You're exhausted, and you do
Speaker 1: that five six days a week. There's no way you
Speaker 1: can think and get freedom of thought and figure out
Speaker 1: what you want to do with your life. So you
Speaker 1: get this free time to think and relax, you start
Speaker 1: to realize what's really important to you, combined with you know,
Speaker 1: what happened at the start, where you know, the health
Speaker 1: organizations or whatever are saying this could be a five
Speaker 1: to six per death rate from from COVID and things
Speaker 1: like that. And look, I was one of the first
Speaker 1: people to to be like, oh my goodness, this is
Speaker 1: really really bad. Five to six That is not you know,
Speaker 1: that's no joke. And of course when all the lockdowns happened,
Speaker 1: I wasn't the one saying we shouldn't be doing these lockdowns.
Speaker 1: This is a terrible idea, et cetera. I was agreeing
Speaker 1: with it. I'm saying, okay, that was a good decision.
Speaker 1: Five death rate. We can't have this. This is just
Speaker 1: you know, it's a bad, bad situation. But then when
Speaker 1: everything comes out and the true statistics come out, it's
Speaker 1: a case of okay, you can't just look at one
Speaker 1: measurability here. You also have to look at things on
Speaker 1: the other side. You have to look at mental health
Speaker 1: and suicide rates and the business collapses, which is proven
Speaker 1: from previous recessions. If you actually look at you know,
Speaker 1: previous recessions and the data, you see what goes up
Speaker 1: mental health rates and problem, suicides, business collapses, unemployment. It
Speaker 1: all has a knock on effect. So look, I'm not
Speaker 1: saying anything you know, negative against any of your viewers
Speaker 1: that you know are like hardcore into all of this
Speaker 1: and you get what I'm saying. What I'm really saying
Speaker 1: is you've got to be objective and you've got to
Speaker 1: look at everything and then make decisions, especially economic decisions.
Speaker 1: Things are not on island. You can't just take it
Speaker 1: um as it is. And of course that's where the
Speaker 1: media comes in, and we won't get into all of that. Yeah,
Speaker 1: I'm curious this was I'm curious your take on this
Speaker 1: coming from the UK and now being in the US
Speaker 1: as well. But you know, the US was built on
Speaker 1: individualism and it's really, um, we get caught up in
Speaker 1: all these words and I think words loser meaning and
Speaker 1: socialism and fascism and communism and capitalism and authoritarianism and whatever, um.
Speaker 1: But really, if we were just gonna make it simple,
Speaker 1: you kind of just have like two systems and it's
Speaker 1: like individualism or collectivism or um, you know, free open,
Speaker 1: competitive versus like captured, controlled, planned, um. But you know
Speaker 1: there's this whole narrative that's really been pushed globally, which
Speaker 1: is we're all in this together. The reality is that
Speaker 1: none of us are ever in anything together, right, We're
Speaker 1: always in this differently. So for example, um, a few
Speaker 1: months ago, I had to have some surgery on my hip,
Speaker 1: and I went to my doctor and he sat me
Speaker 1: down and he said, here's your options. You have this option,
Speaker 1: but because of your age and because of the condition,
Speaker 1: you know, these are the risk that you face, or
Speaker 1: we could try this, and these are the options, and
Speaker 1: these are the risks, and so what what do you
Speaker 1: want to do? And I'm like, well, given my life
Speaker 1: and what I want to do, I know this is
Speaker 1: a better option. But I'd rather do this, and I'd
Speaker 1: rather take these risks. But it's up to me because
Speaker 1: of my age and my health and my activity level,
Speaker 1: which is going to be different than yours. Like you
Speaker 1: and I don't face the same situation. Uh, you know,
Speaker 1: the doctor typically always tell you to stay home, stay
Speaker 1: off of it, but like, that may not be an
Speaker 1: option for me. I may need to go to work,
Speaker 1: and so the risk of reinjuring it might be less
Speaker 1: than the risk of me losing everything if I don't
Speaker 1: go to work. But but then this other person might
Speaker 1: have a bunch of money and they might have savings,
Speaker 1: and so for them, the risk of going back to
Speaker 1: work and reagement isn't worth it, right, And so we're
Speaker 1: all in this together. So back to I guess what
Speaker 1: you pose? I guess, Uh, how do you see that
Speaker 1: as far as like individualism and looking at this, Uh,
Speaker 1: you know how it affects us personally knowing that there's
Speaker 1: all these unintended consequences out there. Yeah, okay, Well, the
Speaker 1: simple answer to that is there is no simple answer
Speaker 1: to to these um to these challenges today. And you know,
Speaker 1: I've read all the books from these professors who have
Speaker 1: spent the whole life studying psychology and human behavioral psychology,
Speaker 1: evolutionary psych oology, and I've read all the books on
Speaker 1: neuroscience and everything you can think of. And the conclusion
Speaker 1: I came to was it was really a waste of
Speaker 1: my time to study all that because there is no
Speaker 1: answer to it. And the reason why is because as
Speaker 1: human beings were constantly developing in terms of our thought process,
Speaker 1: what's appropriate, what's not appropriate, what's offensive, what's not offensive.
Speaker 1: But if you look at some of the developments, they
Speaker 1: come from one source and one source only, and it's
Speaker 1: the mainstream media, so of course in a And it's
Speaker 1: quite funny because yesterday I was reading about censorship and
Speaker 1: you know, someone said to me and I thought they
Speaker 1: were talking a lot of nonsense, but they said, the
Speaker 1: USA is the most free country in terms of the
Speaker 1: media in the world. And I said, you know, I used,
Speaker 1: have you been smoking something? You know? So I looked
Speaker 1: it up on all these different reports, and on average
Speaker 1: it was about it ranked about fourty five in the
Speaker 1: world in terms of free media. So it really had
Speaker 1: me start looking into it and looking at the media
Speaker 1: and quite staggering. How you know, things a f of
Speaker 1: the funding they get comes from one source at the moment,
Speaker 1: and then it starts to make me look at other
Speaker 1: areas and gives me a lot of concern. But I
Speaker 1: don't personally see the media in the US as free media.
Speaker 1: A lot of it. I don't know if you saw
Speaker 1: my video a few weeks ago, but I showed a
Speaker 1: clip of because I kept people kept talking about the
Speaker 1: media's free and all listen. I was like, okay, let
Speaker 1: me show your clip, and it said, we don't need
Speaker 1: to show you. Tell you the gas prices around the rise,
Speaker 1: we don't need to And it was all these different
Speaker 1: um anchors saying the exact same thing. It went on
Speaker 1: for ages. You know, I didn't read that one, but
Speaker 1: I've seen things similar to that. Yeah, and it just
Speaker 1: shows a lot of the media is owned by the
Speaker 1: same company. So of course what do they want. They
Speaker 1: want to create. And I'm not saying this is a
Speaker 1: bad thing, although I think it's a bad thing at
Speaker 1: the moment, right, But you've got to draw the line
Speaker 1: between what is control and what is genuinely concerned. See
Speaker 1: if if we had amazing leaders everywhere around the world
Speaker 1: and they were genuinely incredible human beings, integral, there's no scandals,
Speaker 1: there's there's nothing like that, and they said we need
Speaker 1: to do X in order to, you know, to solve
Speaker 1: this challenge. I'm down with that. I'm completely happy with it.
Speaker 1: And if they're getting all these experts in and they're saying,
Speaker 1: you know, and it's a free debate and it's open,
Speaker 1: I think that's a good thing. But then when you
Speaker 1: have all on one side, I think that's that can
Speaker 1: be quite detrimental and negative. Yeah, So, as somebody that
Speaker 1: spends a lot of time going through the news. Obviously
Speaker 1: you do that, analyzing the market's, coming up with ideas
Speaker 1: for your videos, researching, etcetera. UM, it's it's it can
Speaker 1: be difficult to understand or I should say, discerned the
Speaker 1: information that you're looking at. Um. I guess, do you
Speaker 1: have any things that you do that you think that
Speaker 1: are beneficial or helpful for you to like? Um, look
Speaker 1: at both or make decisions for yourself, or look past headlines. Yeah.
Speaker 1: I think the first thing you have, you know, every
Speaker 1: single person has to do when you're looking at media
Speaker 1: is number one. You have to apply your own common sense.
Speaker 1: That is the best thing that you can ever do
Speaker 1: is apply your own common sense. If something just doesn't
Speaker 1: sound right, spend the time looking into it, spend the
Speaker 1: time studio and you know so for me, yes, it
Speaker 1: involves a lot of investment of time and effort at
Speaker 1: the start, But you then figure out who is just
Speaker 1: making stuff up and who's just putting out propaganda versus
Speaker 1: who's actually putting out some genuine stories. Now, I like
Speaker 1: the media, that's very central. I don't like media on
Speaker 1: the on the right. I don't like media on the
Speaker 1: left because they will even if it's the most absurd thing, ever,
Speaker 1: they will put it out as if it's a fact.
Speaker 1: So I tend to look at all the media on
Speaker 1: the left on the right, I see what they're talking about,
Speaker 1: but I much prefer central, central media where they don't
Speaker 1: really take a position either way. It's more factual based. Now.
Speaker 1: The other thing is a lot of media right now
Speaker 1: is about emotion, so they're using emotional spikes to you know,
Speaker 1: to to create whatever they want to create. Now, I
Speaker 1: don't really look at that. When I see that, I
Speaker 1: can see through the emotion because I've I've studied it all,
Speaker 1: so I don't want to. I don't want to get
Speaker 1: into any of that. I want to see facts. And
Speaker 1: you know, there's a good example a few months ago
Speaker 1: where you know, we saw certain statistics come out and
Speaker 1: someone's actually said to me, it doesn't matter about the statistics,
Speaker 1: it's all about how people feel about the statistics. And
Speaker 1: that really surprised me, and I realized, Okay, a lot
Speaker 1: of people like to comment, and I thought, I see
Speaker 1: what's happening. This has created this mass um thought patterns
Speaker 1: within within different populations now, and it's it's regional as well,
Speaker 1: so the thought patterns will be that people start to
Speaker 1: align within different groups now, regardless of whether you know
Speaker 1: someone's on the left or someone's on the right, because
Speaker 1: you know, you know a lot of people attack people
Speaker 1: on the left instantly, but at the same time, there's
Speaker 1: people on the right as well who come out with
Speaker 1: the most absurd things. And you know, I'm very and
Speaker 1: I'll say to anybody, whether you're on the left or
Speaker 1: the right, you know, if they're they're talking some absurd stuff.
Speaker 1: I want to bring it back to factual, evidence based data.
Speaker 1: And I think that's the important thing. Statistics haven't. They're
Speaker 1: not dead like a lot of media want you to believe.
Speaker 1: And it's all about emotion. Now, No, it's not about emotion.
Speaker 1: It is about statistics come first, in my opinion, with everything,
Speaker 1: and then we look at, you know, other things afterwards. Yeah,
Speaker 1: that's that's such a great point. I mean, they really
Speaker 1: have tried to take everything from being a rational, uh
Speaker 1: conversation or argument or point to emotional. You can overcome
Speaker 1: a rational conversation, but you can't overcome an emotional one.
Speaker 1: And so I think that's definitely a good point. Is
Speaker 1: that check that emotion. Now let's jump back into some
Speaker 1: of the topics that I had kind of planned. So
Speaker 1: I know, UM, both of us have been kind of
Speaker 1: looking at and talking about like this, you know, great
Speaker 1: reset agenda, which a lot of this seems to be
Speaker 1: going into if we if we look at it from
Speaker 1: a larger context, we have, UM, we have a group
Speaker 1: of people who you know, are kind of pulling the
Speaker 1: strings in the world, usually the globalist this is the
Speaker 1: three letter n G O S the World Economic Form
Speaker 1: and the World Health Organization, the World Trade Organization, etcetera. UM.
Speaker 1: But they're telling us what their plan is. UM. I
Speaker 1: like to say that I take them at their word.
Speaker 1: And so they've told them, They've told us what their
Speaker 1: plan is. UM. And I know you've done in videos
Speaker 1: on this as well. We don't need to dig deep
Speaker 1: into that. But when you when you look at it
Speaker 1: from that lens of these people that have this agenda
Speaker 1: by UM, and then you look at that, you know, uh,
Speaker 1: the financial system, the economy, the real estate market, UM,
Speaker 1: does it make you start to think that, you know,
Speaker 1: this is all part of their bigger plan and then
Speaker 1: we have to learn to navigate it that way. That's
Speaker 1: a tough one because I'm an emotional human being. Like
Speaker 1: everybody else. So and it's very difficult when a lot
Speaker 1: of the stories that come out every day are emotional.
Speaker 1: It's difficult to always be rational. So for me to
Speaker 1: say I have no bias in answering the question would
Speaker 1: would not be a true statement. Obviously I have biased,
Speaker 1: just like you have bias. Mark. We all have bias
Speaker 1: towards something. So I'm going to answer the question, but
Speaker 1: with the with that variable that there is a bias step. So,
Speaker 1: having studied all of it, and studied w EF and
Speaker 1: everyone else, and and actually there's hundreds of these three
Speaker 1: and four letter organizations now and actually when you dig
Speaker 1: into it deep. So I did one of the first
Speaker 1: videos on the Great Reset, as you know, and that
Speaker 1: video got banned eight hundred thousand views, and it got
Speaker 1: banned very quickly because I guess I was touching too
Speaker 1: much on on some truth set about you know, some
Speaker 1: of the property and it is propaganda. Oh, anyone can
Speaker 1: come to our forums and you know whatever. And then
Speaker 1: you look at the figures and it's hundreds of thousands
Speaker 1: of dollars to a million dollars to be come amember
Speaker 1: and you're like, no, the average person can't join this
Speaker 1: is nonsense. Who are the sponsors and it's the usual suspects.
Speaker 1: And of course the most obvious thing we need to
Speaker 1: distinguish here is that the world they're coming forum talks
Speaker 1: a lot about how this is a green energy movement
Speaker 1: and to help save the planet. I'm not saying that
Speaker 1: that that isn't true. All I'm saying is when you
Speaker 1: look at the evidence behind it, and you look at
Speaker 1: the sponsors. So these are huge banks and financial organizations
Speaker 1: and they're all coming for a meeting. What where is
Speaker 1: all the green green movement people for these meetings? Why
Speaker 1: is it all banks? And And you've got to think,
Speaker 1: what is a conglomerate financial institution, A bank, a business?
Speaker 1: They exist purely for the purpose of shareholder profit, that's it.
Speaker 1: Why would the shareholders care about green a green energy
Speaker 1: movement and reducing CEO two and carbon emissions. All I'm
Speaker 1: saying is, if that is what they're putting out there,
Speaker 1: it's a You're going to fool a number of people,
Speaker 1: you know, if that, if it's true that they are
Speaker 1: trying to, you know, bring down all of this, you know,
Speaker 1: greenhouse gases and everything. Don't invite all financial institutions and
Speaker 1: then close the doors, like have it open with greed
Speaker 1: and you get what I'm saying with this, Yeah, yeah,
Speaker 1: and bring some bring some scientists in or whatever that
Speaker 1: that have some solutions instead of all the bankers flying
Speaker 1: in on their private jets. I guess that's to cut
Speaker 1: down to cut down c O two emissions flying on
Speaker 1: private jets. Yeah. But it seems like there's like all
Speaker 1: this change going on, and I know a lot of
Speaker 1: people are worried about this whole. You know, you'll own nothing, um.
Speaker 1: And then you see that like nothing, and I get
Speaker 1: comments all the time like, um, how would they achieve that? Um?
Speaker 1: How would they get it to the point where we
Speaker 1: own nothing? But then you take a look at um,
Speaker 1: the financial markets and the housing markets and the job markets,
Speaker 1: and then it starts to look um somewhat apparent right, Well,
Speaker 1: if they can just continue to boom and bust and
Speaker 1: uma away our jobs and take away our ability to
Speaker 1: um make our payments and pay our workers, etcetera, then
Speaker 1: all of a sudden you start to see how that
Speaker 1: future could become a reality. I guess yeah, yeah, And
Speaker 1: it is very worrying. I try, you know what I
Speaker 1: what I do with things like that I look at
Speaker 1: it and I keep it as a theory, and I
Speaker 1: keep it off to the side as a worst case scenario.
Speaker 1: But then what I have is other theories in between,
Speaker 1: and I try and take something middle ground. But I
Speaker 1: never take my eye off this theory that it could happen,
Speaker 1: you know, because if you take your eye off the ball,
Speaker 1: that's when you get caught out. So I've always got
Speaker 1: my eye on that, but I try and think of
Speaker 1: something more middle ground. But people who are you know,
Speaker 1: more to the other side, who say, there's no con
Speaker 1: this is all conspiracy, there's nothing behind this, there's no
Speaker 1: central bank digital currency coming out. Neil and Mark, you
Speaker 1: guys are making this stuff up. And then next thing
Speaker 1: they announce it and they're like, you know, you go, oh,
Speaker 1: didn't you say there was no Yeah, but I broken.
Speaker 1: They use a broken clocks right twice a day, and
Speaker 1: they use things like that, you know, these ridiculous expressions
Speaker 1: that they come out with, Hey, sorry to interrupt this
Speaker 1: video just one more time. I'm not running Google ads,
Speaker 1: so it's actually way less interruption than I normally would
Speaker 1: have on a video. UM, and that's because it's sponsored
Speaker 1: by block five. UM. They are opening up the world
Speaker 1: of bitcoin and financial products offering to pay you interest
Speaker 1: on your bitcoin. Um better than own in a rental
Speaker 1: property that you have to manage and control and have
Speaker 1: the risks. You can just earn interest on it, or
Speaker 1: you can leverage against it. Now, I plan to hold
Speaker 1: my bitcoin forever and literally never sell my bitcoin. So
Speaker 1: how do you do that? Well, if I need money,
Speaker 1: I don't want to sell that bitcoin. I'm gonna pay
Speaker 1: tax on it, all right, I'm gonna end up with
Speaker 1: less and I don't have the bitcoin anymore. So a
Speaker 1: better way to do it is to borrow against the bitcoin.
Speaker 1: So I've put all my money into bitcoin. If I
Speaker 1: want to buy a car, or I want to buy
Speaker 1: a house, I can borrow against it at very very
Speaker 1: low competitive rates. Get my house, get my car, whatever
Speaker 1: that may be, and get to keep the bitcoin. I've
Speaker 1: done a whole video on this. You can find it.
Speaker 1: I'll link it down in the description below. How to
Speaker 1: retire off a bitcoin without paying taxes and you can
Speaker 1: do that with block fight services. I'll link to the
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Speaker 1: to block Fight if you choose to click on that
Speaker 1: link to check them out you can earn up to
Speaker 1: two dollars in free bitcoin just for using that link.
Speaker 1: And that's it. Let's go ahead and get back to
Speaker 1: the interview. Yeah. Now, another thing that I want to
Speaker 1: jump into. I know, I know you've talked about is um,
Speaker 1: you know, more things that are happening, like the cyber
Speaker 1: attacks and so UM that goes back into you know,
Speaker 1: the World Economic Forms has been doing tests for cyber attacks.
Speaker 1: Of course, we see that these ransomware attacks have been
Speaker 1: picking up steam. UM. Just I think was it just
Speaker 1: a couple of days ago or just last week? Um,
Speaker 1: a bunch of the big websites all across the world
Speaker 1: shut down. UM. And I know you've done quite a
Speaker 1: bit of research into that. So what are you seeing
Speaker 1: in regards to cyber attacks and how do we prepare
Speaker 1: for those types of things? Yeah, I mean, I'm don't
Speaker 1: think there's any question that we're going to see more
Speaker 1: cyber attacks. Now. One of the videos I made recently
Speaker 1: was about the World Economic Forum's Risk Report. So what
Speaker 1: I did was I didn't just look at one. I
Speaker 1: went back and look at and other reports and it's
Speaker 1: very interesting. Either they've got a crystal ball or they
Speaker 1: are absolute geniuses, but they tend to predict a lot
Speaker 1: of what's going to happen before it does. Like Event
Speaker 1: two oh one happened two months before the outbreak, you know.
Speaker 1: And this isn't conspiracy for those people who are going
Speaker 1: to drop all the ridiculous comments or conspiracy, No, you know, No,
Speaker 1: it is a fact. Event too oh one occurred two
Speaker 1: months before the crisis, you know. And this wasn't a oh,
Speaker 1: this could be a we're preparing for a SARS, we're
Speaker 1: preparing for a flu outbreak. No, it was a you
Speaker 1: know what, we went to the way on the channel outbreak.
Speaker 1: And then you look at all the other things, and
Speaker 1: then when all the media gets focused on the cyber attacks, again,
Speaker 1: it's controlled. This isn't just random. So when you know
Speaker 1: he klau Schwab is talking about our cyber attacks is
Speaker 1: the biggest threat. Do you think I'm just sitting there saying, ah,
Speaker 1: this now, I'm just going to ignore that. No, I'm
Speaker 1: looking at that and saying this is the biggest threat.
Speaker 1: If he's saying that, then that means this is the
Speaker 1: biggest threat right now because a lot of what he
Speaker 1: says is coming true. And that's very, very worrying. So
Speaker 1: I'm definitely looking at that. And actually that video you're
Speaker 1: you're referencing that I made recently the very next day
Speaker 1: was the biggest cyber attack that had ever taken place,
Speaker 1: which was across all it was actually on the media
Speaker 1: outlets as well around the world. Really the UK government's
Speaker 1: website was taken down. All these cyber attacks. Now you
Speaker 1: could say it could be a false flag. I don't
Speaker 1: know where they say, Look we were we were attacked ourselves,
Speaker 1: and you know, who knows, who knows what's really going on?
Speaker 1: I don't, I don't know, but it is worrying and
Speaker 1: I do think we're going to see more cyber attacks.
Speaker 1: And the risk with the cyber attacks is on infrastructure.
Speaker 1: That is what I think is the biggest risk because
Speaker 1: if a hospital gets you know, the electricity goes out. Yes,
Speaker 1: they're gonna have backup generators and things like that, but
Speaker 1: what about the water pumps, one about the water stations.
Speaker 1: Human beings can only survive for three days without without water. Um,
Speaker 1: you know, there's there's all this other stuff that could happen.
Speaker 1: What if you see a flash crash in the stock
Speaker 1: market because of all the AI trading that goes on
Speaker 1: and all the other trading that goes on. You could
Speaker 1: just see a massive flash crash car which could bring
Speaker 1: down the stock market. What happens if the stock market
Speaker 1: comes down, people lose their jobs, a lot of others. Again,
Speaker 1: big knock on effect. You really think it's not going
Speaker 1: to have a knock on effect on the housing market? Yeah, yeah,
Speaker 1: it is obviously so. Um talking about the housing market
Speaker 1: for a minute. UM. I just did a video talking
Speaker 1: about the United States housing market, and I do them
Speaker 1: pretty regularly, having been a pretty much my career has
Speaker 1: been in real estate investing. But I don't know a
Speaker 1: lot about the international markets. Um. So, you know, in
Speaker 1: the United States, we know the real estate markets up
Speaker 1: every year, the markets super hot, you know, multiple offers
Speaker 1: on prodit properties before they even get open for for viewing. Um.
Speaker 1: And at the same time, you know, we have the
Speaker 1: economy that's shaky. Um. So a lot of people are
Speaker 1: wondering what's gonna happen here? But what about, um, the
Speaker 1: foreign markets? What about Australia? I get asked that all
Speaker 1: the time. What about Canada? What about the UK? Are
Speaker 1: those real estate markets just as hot? And do you
Speaker 1: think they're in just as much danger. Yeah, so they're
Speaker 1: not okay. So there were all different in terms of
Speaker 1: the year on year growth. USA was pretty pretty hot
Speaker 1: this year, or you know, there's nowhere around that. Why
Speaker 1: is that? Well, because of globalization, we can apply the
Speaker 1: same metrics to each market. So what happened in the
Speaker 1: USA record low interest rates creates more bias because if
Speaker 1: you can get an interest rate for three percent, and
Speaker 1: you can let's say, you know, like you said your
Speaker 1: real estate investor, you can get a six, seven, eight
Speaker 1: percent or fifteen percent if you're doing an airbnb or
Speaker 1: something that some people do, why would you not borrow
Speaker 1: money at three percent when you don't have to put
Speaker 1: a lock down anyway? What else are you gonna do
Speaker 1: with your money leaving in the bank while inflation is
Speaker 1: eating away at the capitol and the purchasing power. No
Speaker 1: people are going in there rushing into these markets, right,
Speaker 1: So that's one fundamental. The other one is low inventory,
Speaker 1: and this again was created by fear and panic over
Speaker 1: last year. People didn't want other families and people walking
Speaker 1: around their house and and all of that sort of stuff.
Speaker 1: So you have these low inventory levels and now the
Speaker 1: knock on effect of that low inventory is more low inventory,
Speaker 1: even though we recover it, because it created this housing
Speaker 1: price increase, a lot of people don't want to sell that.
Speaker 1: They're saying, I'm just going to keep that as a
Speaker 1: rental now because it's just keep going up. It's gonna
Speaker 1: be my pension. I'm gonna buy a different house and
Speaker 1: get two point four interests, right, you know, So all
Speaker 1: of this is going up red tape around home building.
Speaker 1: Where you are. You in California, look at Los Angeles.
Speaker 1: You try and build something in l A good luck, Um,
Speaker 1: it's it's so difficult. And even if you do, you've
Speaker 1: got to put a parking space on. How how can
Speaker 1: you make a good profit on that? Right? So there's
Speaker 1: all of these things going on. Now you take that
Speaker 1: format and you apply it to the UK, to Canada,
Speaker 1: to Australia, to New Zealand. Some of the hottest housing
Speaker 1: markets in the world in terms of overvaluation, I would say,
Speaker 1: are all the ones we've talked about, especially in New Zealand,
Speaker 1: especially Canada, places like Toronto and you know, et cetera.
Speaker 1: These are so overheated and people argue with me over
Speaker 1: it when I say that it's it's only a matter
Speaker 1: of time before you do see a major correction. But
Speaker 1: what's gonna how's that going to come about? There's different ways.
Speaker 1: People say it will only come about with interest rates
Speaker 1: going up. That's not strictly true, because with anything, there
Speaker 1: is always always a market cap in terms of affordability.
Speaker 1: And I don't think we're too far off that in
Speaker 1: terms of affordability unless they drop the interest rates even lower.
Speaker 1: So as you know, people don't buy a house with
Speaker 1: cash these days. You're not gonna go out buy an
Speaker 1: average price home with cash. You're going to get on
Speaker 1: a monthly payment. Well, what happens if you know, the
Speaker 1: house keeps going up in value constantly, constantly, constantly, and
Speaker 1: you've got this amount for a monthly payment, but the
Speaker 1: house is going to be value, you can't still afford
Speaker 1: that same house. And this is why you see the
Speaker 1: concentration first of the challenges in the smaller starter homes,
Speaker 1: you know, the the you know, the ones that are
Speaker 1: square foot and below. This is where you see the
Speaker 1: challenges first start to come in in these homes. And
Speaker 1: we're already seeing that now in terms of an affordability
Speaker 1: crisis for these people. A lot of people are priced
Speaker 1: out the markets in the more expensive states, and it
Speaker 1: will ripple across. Then you'll see it going into second
Speaker 1: third homes, you know, growing families, things like that. See,
Speaker 1: we'll see an affordability crisis eventually. But then, like what
Speaker 1: happened in the UK, the UK said we're gonna do
Speaker 1: this special program where you know, first time buyers don't
Speaker 1: have to put such down at all, it's just a
Speaker 1: few percents, and you know, and and they're doing all
Speaker 1: these programs to help the market and help people get in. Well,
Speaker 1: they did all these programs back in two thousand five
Speaker 1: and six as well. It didn't help. It just overheated
Speaker 1: the markets even more. Right, So these are the three
Speaker 1: main things that you have in all housing markets around
Speaker 1: the world. And some of them are even just exploding
Speaker 1: a lot more than twenty five as well, where they've
Speaker 1: got high inflation, people are trying to buy houses and
Speaker 1: you know, so there's a lot going on. Yeah, I
Speaker 1: guess when I look at you know, the United States
Speaker 1: housing markets specifically, um, it's really being backstopped by the
Speaker 1: Federal Reserve. So they're buying mortgage backed securities to prop
Speaker 1: that up, providing lots of liquidity, lots of loans, etcetera,
Speaker 1: UM and keeping the rates low. At the same time,
Speaker 1: I ask myself, what's going to happen with the real
Speaker 1: estate market. I mean, it seems that it's overheated, although
Speaker 1: to your point, the monthly payments actually have come down.
Speaker 1: The affordability is there, um, But we do have this
Speaker 1: all these people that haven't making payments. So there's all
Speaker 1: this forbearance that's out there. But the Fed could just
Speaker 1: extend it another year. They could extend it five more years.
Speaker 1: They could continue to buy mortgage best securities, or they
Speaker 1: could not. And the problem is we don't know what's
Speaker 1: in a person's head, right, we could maybe read what
Speaker 1: the markets doing, we don't know it's in their head.
Speaker 1: My thought process is they you know, the FED, between
Speaker 1: the FED and the government monetary and fiscal stimulus was
Speaker 1: about eight trillion dollars over the last year to prevent
Speaker 1: the markets from crashing. Why would they spend a trillion
Speaker 1: just to let it go now? So it seems like
Speaker 1: why wouldn't they just continue that? And so my bet
Speaker 1: is that they do. UM. But I don't know if
Speaker 1: those same dynamics work in Canada. Australia or the UK. Yeah, well,
Speaker 1: well actually most most of the year the countries, you've
Speaker 1: got to think that pegged to the dollar. A lot
Speaker 1: of people say, well, it doesn't matter if that pegged,
Speaker 1: it's irrelevant. Well okay, if that's if it's irrelevant, and
Speaker 1: you keep printing dollars like trillions and trillions, what happens
Speaker 1: the explo prices of those other countries. You see, they've
Speaker 1: got to do their own quee programs or they're gonna
Speaker 1: the pricing is not gonna not gonna match. You know.
Speaker 1: The USA people, uh, you know, it's the most globalized
Speaker 1: country in terms of what do you export dollars? What
Speaker 1: do you import goods and services from other countries. So
Speaker 1: that's what's going on with the USA. Now. I have
Speaker 1: a different theory, and it's very different to most people
Speaker 1: I know. So you may not agree with this mark
Speaker 1: and that's okay, we can we can discuss it. I
Speaker 1: actually think in terms of interest rates, qui, etcetera. I
Speaker 1: do think they're going to start tapering, and I think
Speaker 1: they're probably going to start in twenty two. I don't
Speaker 1: know when. I have no idea what month or anything
Speaker 1: like that, but I think they're probably gonna come down
Speaker 1: from the one twenty. I think they're probably going to
Speaker 1: tape it down by say ten billion roughly per month,
Speaker 1: and they'll do it over a one year period. Now
Speaker 1: will they go down to zero? I don't think so.
Speaker 1: I think they're still gonna do Maybe it could be ten,
Speaker 1: twenty thirty. Who knows. They could go down to zero.
Speaker 1: They could, but the challenges. Look what they tried to
Speaker 1: do a couple of months ago. I think it was
Speaker 1: with the NBS, the mortgage backed securities. They tried to
Speaker 1: sell up some of the mbs and did you see
Speaker 1: what happened? They quickly reversed it, and they were like, okay,
Speaker 1: by and back, by and back. So what is it?
Speaker 1: Fifty of all mortgages in the United States and now
Speaker 1: owned or controlled by the Federal Reserve, a private institution
Speaker 1: owned by shareholders that is neither federal nor Reserve of capital.
Speaker 1: And that's very worrying. I want to recommend the book
Speaker 1: to all of your subscribers actually called Lords of Finance.
Speaker 1: It is such an incredible book and if they actually
Speaker 1: read that there and it's a hard read. If you're
Speaker 1: not a reader, forget it. But because it's a really
Speaker 1: hard reading. It's really hard going, but it explains everything
Speaker 1: that happened in previous crises, how the FED was, you know,
Speaker 1: came about who the four key players were, you know,
Speaker 1: with the bank you aren'ts the you know, the the
Speaker 1: Bank of England, the FED, New York Fed and there
Speaker 1: the Rich Bank in Germany, and you know, he talks
Speaker 1: about all this stuff, and it's really crucial because when
Speaker 1: you look at these patterns of history and what's occurred,
Speaker 1: especially the O eight crisis, which is a sort of
Speaker 1: template that I'm using for this crisis, and what I
Speaker 1: think is going to happen. But let me get back
Speaker 1: on point. So I think the QUEUEI they're going to
Speaker 1: taper it down. Now will they raise interest rates? I
Speaker 1: think if they're going to raise interest rates, they're going
Speaker 1: to do something similar to that that they did before, and
Speaker 1: it will be twenty five basis points, so zero point
Speaker 1: to five. They could even do zero point one percent,
Speaker 1: who knows this time around. But if they try and
Speaker 1: do something severe, I mean, this is not Joane Powell,
Speaker 1: is not Paul Volka, who in THROUTU eighty one, you know,
Speaker 1: rates went from eleven to what was I think he
Speaker 1: just bumped them up to they're not the same same person,
Speaker 1: and in today's market and day and age, they're going
Speaker 1: to bankrupt us government. There wasn't thirty trillion dollar. There
Speaker 1: wasn't thirty trillion dollars of debt back then. No, there wasn't.
Speaker 1: There wasn't um you know, so we have we have.
Speaker 1: I don't even know what I was asking on with that,
Speaker 1: but I'll let you jump back in Mark, Well, no,
Speaker 1: I just I mean in in Paul Walker's day, I mean,
Speaker 1: he raised interest rates, but they didn't have thirty trillion
Speaker 1: dollars of debt. So you can't do that today. When
Speaker 1: you have thirty twillion dollars of debt, it's it's unmanageable.
Speaker 1: Trying to cover the interest on the debt already as
Speaker 1: it is is almost impossible. So the chance of them
Speaker 1: doing that is is basically zero at this point. But yeah,
Speaker 1: I mean, that's what's the other option. You know, what's
Speaker 1: the other option? If they don't, they just keep doing que. Well,
Speaker 1: then if they keep doing que you will see a
Speaker 1: case of hyperinflation. There is no other option you either,
Speaker 1: you know, you either raise interest rates, you keep doing QWI.
Speaker 1: There isn't really much of a middle ground. The stock
Speaker 1: market's going to sniff it out. That's what they're trying
Speaker 1: to do. You see, there's a there's a parent career option,
Speaker 1: there is a third, scarier option, and they can control
Speaker 1: inflation with price fixing. And we've seen that's usually one
Speaker 1: of the last stages that a government goes through before
Speaker 1: things really start to fall apart. So you look at
Speaker 1: countries like Argentina or Venezuela. That's how they try to
Speaker 1: prevent that inflation. They can't start printing money, but the
Speaker 1: inflation is killing them. So the next stages then the
Speaker 1: price fixing. Yeah, but you know, you can go back
Speaker 1: to we can go back to the times of the
Speaker 1: Roman Empire where they did price fixing. It doesn't work,
Speaker 1: you know, as you know, it never works. And you know,
Speaker 1: it got to the point there where they were taxing
Speaker 1: the farmers and the blacksmith and you know, you know
Speaker 1: the innkeep and what happened. People just walked away from
Speaker 1: their farms. You know, it can get to that point again,
Speaker 1: but I hope it wouldn't, you know. I just hope
Speaker 1: that we get really good leadership over the next couple
Speaker 1: of years. But with the way politics is controlled, I
Speaker 1: just don't I just don't see it coming. Usually, if
Speaker 1: you look at periods of history, the thing that changes
Speaker 1: situateations like we're in right now, where you might have
Speaker 1: a lot, you know, a very large percentage of the people,
Speaker 1: even though they won't admit it. You know, I speak
Speaker 1: to people every day and they will be acting one way,
Speaker 1: but when I speak to them privately, they actually don't
Speaker 1: agree with a lot of stuff that's going on. And
Speaker 1: that's what I've tend to found is true with nine
Speaker 1: out of ten people. They will pretend that they agree
Speaker 1: with you everything that's that's going on, but they don't
Speaker 1: really yes. So if you actually look at you know,
Speaker 1: this as a whole, people will walk away. If the
Speaker 1: government starts over taxing people and capital gains tax and
Speaker 1: and everything else. You get to these really high rates,
Speaker 1: people will just stop working or they'll walk away from it.
Speaker 1: And I'm a prime example of this. My tax rate
Speaker 1: is so exceptionally high in the UK, so I get
Speaker 1: taxed in my businesses and that's corporation tax, and then
Speaker 1: have to pay a sales tax on top. Because a
Speaker 1: lot of the costs I can't pass on or even
Speaker 1: if I do pass on, you know, in terms of
Speaker 1: the sales tax, what I could have charged a higher
Speaker 1: price anyway, you know, So all of these and that's
Speaker 1: another twenty percent sales tax we pay. And then you've
Speaker 1: got to pay the tax on the employees. You've got
Speaker 1: to pay at tax to the local government on premises
Speaker 1: and things like that. Already you're losing half your money
Speaker 1: in taxes in the UK business. And then you want
Speaker 1: to take dividends. Oh guess what, Neil, You're gonna have
Speaker 1: to pay forty pc on your dividends. Or you want
Speaker 1: to take a salary, Oh, you're gonna pay forty on
Speaker 1: your salary once you get to these levels. And then
Speaker 1: I want to spend my money, Oh now I've got
Speaker 1: to pay twenty percent sales tax on my spending. Once
Speaker 1: you get to these levels, like for me, for example,
Speaker 1: I could do a lot more and I could earn
Speaker 1: a lot more money and do a lot more investments,
Speaker 1: but I just think, what's the point. I would rather
Speaker 1: have the enjoyment of life and travel and things like that.
Speaker 1: Then I would to earn you even more money than
Speaker 1: I do right now. And this links back to your question.
Speaker 1: You asked earlier about employees and the jobs market. This
Speaker 1: is what people are seeing and our mark. You know,
Speaker 1: they're they're saying to themselves, I'm killing myself in a
Speaker 1: job that I don't enjoy. I'm stressed out and I'm
Speaker 1: working really hard and I'm getting you know, this level
Speaker 1: of tax on it. When I could you do my
Speaker 1: own business? You know, I spent the lockdown learning new skills.
Speaker 1: I want to start my own business. I want to
Speaker 1: do this, I want to do that. Why would they
Speaker 1: go back to that crazy stress for existence with the
Speaker 1: high taxation when they can do their you know, be
Speaker 1: their own boss and things like that. So, of course,
Speaker 1: not everyone thinks like that. Not everyone has the same mindset.
Speaker 1: Not everyone wants to be an entrepreneur. Some people enjoy
Speaker 1: their job, and as I always say, if you enjoy
Speaker 1: your job, great that you know you've you've made it
Speaker 1: because you're in a job you enjoy stick with it.
Speaker 1: But a lot of people are unhappy. And that's another
Speaker 1: reason why you're seeing this mass migration out of the
Speaker 1: job market. And I said, you know, way back, you know,
Speaker 1: unemployment isn't going to drop like they're saying, Yeah, it's
Speaker 1: gonna drop from six to three. I've said from day
Speaker 1: one it won't because of unemployment, scarring and the mass
Speaker 1: movement of of jobs. And this is what they still
Speaker 1: can't see unfortunately. Yeah. Yeah, man, what a what a situation.
Speaker 1: Where in the last topic I'll jump into would be Um,
Speaker 1: so coming from the UK. Now in the US, you
Speaker 1: said you've traveled the sixty five different countries. Um, we
Speaker 1: talked about the problems in the market, the job markets
Speaker 1: to scarring. Um, we're also at a different time. The
Speaker 1: Internet has now allowed us to do things like we're
Speaker 1: doing right now. So, Um, being that you're an international
Speaker 1: man traveling around the world, still running your businesses, etcetera. Um,
Speaker 1: what kind of advice would you give to people that, uh,
Speaker 1: that are seeing this change, this great reset agenda, all
Speaker 1: these things happening. They're worried about it, like and and
Speaker 1: how do they navigate that? Should they start traveling, start
Speaker 1: thinking about moving somewhere, Should they start learning new skills
Speaker 1: that could be done anywhere in the world, Like, what
Speaker 1: kind of advice would you have for that? Yeah? Okay,
Speaker 1: So I'll give you an extreme example and then I'll
Speaker 1: give you a more realistic example. So if you want
Speaker 1: an extreme example, and you are you know, you want
Speaker 1: to plan for the worst case. I wouldn't be in
Speaker 1: the city. I would be selling up and I'd be
Speaker 1: moving more rurally. I'd be looking at how you can
Speaker 1: make sure you've got your own water source if there
Speaker 1: are cyber attacks on you know, the water and all
Speaker 1: these sort of things. Because you've seen this in other
Speaker 1: countries where you know, a nuclear power station has gone
Speaker 1: out or something like that. You can't pump water, you
Speaker 1: can't do all these things. People have to leave the areas,
Speaker 1: you know, they became migrants in a way, from their
Speaker 1: own economic migrants from their own areas. So I'd be
Speaker 1: planning for things like this. I'd be planning for food.
Speaker 1: I think it's crazy when people attack preppers, right, you know,
Speaker 1: it's a bit of a meme. It's a joke. At
Speaker 1: the moment everyone attacks preppers, they said, oh, they're crazy,
Speaker 1: and all they have the last few years. Human beings
Speaker 1: have been preppers for thousands of years, and it's at
Speaker 1: in the last dirty years that they've stopped because they
Speaker 1: could go to the grocery store. They can get something
Speaker 1: like bang on demand. What the wake up call for
Speaker 1: me was in March when I was in Spain and
Speaker 1: I got locked down in an apartment. I had no food.
Speaker 1: I had just some crackers. Me and my wife were like,
Speaker 1: oh my goodness. We went out. The police brought me
Speaker 1: back in the police car to the apartment. Yes, that
Speaker 1: actually happened. I wasn't allowed to go to the supermarket.
Speaker 1: Then I went the next day. I snook out again,
Speaker 1: because who cares? I snook went to market. Yeah, and
Speaker 1: I didn't know that in Spain supermarkets are closed on
Speaker 1: a Sunday. So here we were. And actually, I don't
Speaker 1: mind even saying this. I had to knock on people's
Speaker 1: doors for food, right, because what else are you going
Speaker 1: to do? You know, this is me as well, so
Speaker 1: if it can happen to me, it can happen to anyone.
Speaker 1: And then I got back to the UK and uh
Speaker 1: not not too far away from where my old house was,
Speaker 1: maybe five ten miles away the largest supermarket in Europe.
Speaker 1: I went in there. I made a video about this,
Speaker 1: you can see it on my channel. It was stripped,
Speaker 1: the shelves were empty, there was nothing. You could buy.
Speaker 1: Chocolate and wine and stuff like that, but you can't
Speaker 1: really live on chocolate and wine, although some people do.
Speaker 1: I'm sure you know. So this is the sort of
Speaker 1: extreme example. Make sure you've got food, make sure you've
Speaker 1: got water, like for us, as as I mentioned, like
Speaker 1: a whole family we sold up in California. We lived
Speaker 1: in Camario, which is Inventura County. We've sold up. The
Speaker 1: whole families moved to um like the closest cities, Lexing
Speaker 1: turn if you want to say that in Kentucky, um
Speaker 1: you know as well all the horse racing and things
Speaker 1: like that. Yeah, it's crazy. I just think, why didn't
Speaker 1: we all do this before? Where you get twice the
Speaker 1: size of house for your money, you know, then you
Speaker 1: could in California and it's just a really nice standard
Speaker 1: of living, nice community where your neighbors talked to one another.
Speaker 1: You know, it's not like you know, like that in
Speaker 1: California a lot of times. So that's an extreme example.
Speaker 1: Just make sure that you've got everything set up. We've
Speaker 1: definitely done that, taken care of this. But at the
Speaker 1: same time, we still have a small home in the
Speaker 1: UK that we're going to keep. We're not going to
Speaker 1: sell that home, Okay, so we've got we've got a
Speaker 1: backup plan now that's an example for me, and it's
Speaker 1: an extreme example, but for a lot of people, they're
Speaker 1: listening saying, look, I haven't got that sort of money,
Speaker 1: I can't do that sort of thing. I would say,
Speaker 1: if you can do your job remotely, I would definitely move.
Speaker 1: I don't think I would stay in the city. Even
Speaker 1: if somethings start to come back, like restaurants we we
Speaker 1: mentioned have started to come back. Even if everything starts
Speaker 1: to come back, it's gonna take years for it to recover,
Speaker 1: you know. And that's assuming we don't have a financial crisis,
Speaker 1: a crash in the market. Then you're really stuck because
Speaker 1: then you'd be stuck in the city where you think
Speaker 1: it was going to recover, and you can't sell your
Speaker 1: house because there was this big crash in the markets
Speaker 1: and it's affected the housing market and people haven't got
Speaker 1: jobs and they can't buy a new home and everything else.
Speaker 1: So I think, you know, and if you don't enjoy
Speaker 1: your job right now, this is another thing, and you've
Speaker 1: always wanted to be an entrepreneur, I think now is
Speaker 1: the perfect time to give it a try. What have
Speaker 1: you got to lose? Really, So I think that's a
Speaker 1: that's another thing, but just stick, you know, bring your
Speaker 1: budgets down, don't over overspend. One thing I learned when
Speaker 1: I when I first got got married to my wife,
Speaker 1: who's who's American is meeting a lot of American people
Speaker 1: get into the culture. It's very different from the European mindset.
Speaker 1: So in Europe people save a lot of their money.
Speaker 1: You know, you have an excess most months, even if
Speaker 1: it's a small excess, or you break even. What I
Speaker 1: discovered is that the average American you know, spends everything
Speaker 1: and sometimes they spend more, like on the credit cards,
Speaker 1: and they get the loans and they max everything out
Speaker 1: with monthly payments. And yeah, it's a clever financial system
Speaker 1: when times are good, but when times are bad is
Speaker 1: very very dangerous. So I start looking at that as well. Budgets.
Speaker 1: Bring those budgets down and see if you can, especially
Speaker 1: if you can work remotely. Definitely I would move. I
Speaker 1: wouldn't stay in an expensive place where you know your
Speaker 1: house has got up massively in value. I'd look to
Speaker 1: sell it. Move a little more rurally if possible, get
Speaker 1: a really strong internet connection, and you're gonna have a
Speaker 1: much better standard of living in my opinion, especially over
Speaker 1: the next few years and then you know, if things
Speaker 1: come back in a few years time, you can always
Speaker 1: move back. You know, you're not a tree, You're not
Speaker 1: fixed to one location. You can always sell your property
Speaker 1: and move back. Yeah. Yeah, that's a good point. I
Speaker 1: read for our work week, you know whatever, years ago,
Speaker 1: whenever that came out. One of the points that he
Speaker 1: made was that, um, nothing is irreversible. You know, nothing's irreversible.
Speaker 1: And we moved from California to Puerto Rico, and everyone
Speaker 1: thinks that's so crazy, but it's like, we're can just
Speaker 1: move back. We can just move back. So anyway, to
Speaker 1: your point, yeah that yeah, you're not a tree. You
Speaker 1: can just move So I love that, and so I
Speaker 1: wanted to get that perspective from you. Having been to
Speaker 1: sixty five countries, it's it's important, especially to your point.
Speaker 1: You know, in the United States, the culture is a
Speaker 1: little bit different. And as I travel a bunch, I
Speaker 1: noticed that you see international people traveling a bunch, but
Speaker 1: a lot of the United States people don't travel that much.
Speaker 1: And so it's important, important, important for that. But man,
Speaker 1: with that, I think we'll go ahead and sign it off,
Speaker 1: wrap it up. I know, we've covered a lot of topics.
Speaker 1: I appreciate you've taken the time to speak to us
Speaker 1: so much. Um Anything anything else that you want to
Speaker 1: add or draw attention to, people should follow you obviously
Speaker 1: will link to your YouTube channel. Anything else. No, I
Speaker 1: think we've covered most things. To be honest, Mark, I
Speaker 1: hope people got some some value, um, you know, from
Speaker 1: from what we've discussed today. And I just say to everyone,
Speaker 1: keep an open mind, right, don't watch as much mainstream media.
Speaker 1: Just try and keep an open mind on most topics.
Speaker 1: And one of the best lessons I ever learned in
Speaker 1: humility was that really what we know is zero point
Speaker 1: zero zero zero zero zero, and you can keep going
Speaker 1: one person and of of what really exists in this
Speaker 1: in this world. So it's a it's a good lesson
Speaker 1: for me to realize that I really know nothing. And
Speaker 1: people think I know a lot of stuff from all
Speaker 1: the reading and everything I do, but really I know nothing.
Speaker 1: That's that's the way I look at things like that.
Speaker 1: And when you don't take very strong stances either way
Speaker 1: on positions, and you try and remain neutral with whoever
Speaker 1: you are, whether they're a Democrat, Republican, and there they
Speaker 1: love Joe Biden, or they love Donald Trump, whoever. You know,
Speaker 1: I try and take a very neutral stance with everyone
Speaker 1: and see and usually if you do that, you don't
Speaker 1: have strong opinions and emotional spikes to it. You usually
Speaker 1: find some common ground with everyone, which is what I
Speaker 1: personally experience. Now does everyone experience that with me? Probably not,
Speaker 1: But that's one of my sort of key takeaways for
Speaker 1: you know, for having more successful relationships. For sure. Good stuff, Neil,
Speaker 1: thanks so much, appreciate it. Yeah, You're most welcome. Mark
Speaker 1: take right. I'll have these two and mm hmm. I
Speaker 1: could add hands Harmon Hopper as well. I think those
Speaker 1: three would be there that I need for before I'll
Speaker 1: add Ferdinand Lips. I've only read one book of his.
Speaker 1: He's only written one book. I think the book is
Speaker 1: called gold Wars, and it was highly influential on the
Speaker 1: Bitcoin standard. The Bitcoin standard was essentially to a very
Speaker 1: large extent. I think it was what Ferdinand Lips would
Speaker 1: have written if he was fifty years younger. Um. He
Speaker 1: died in two thousand, I think, or in the late nineties,
Speaker 1: and he was a Swiss banker who worked in Switzerland
Speaker 1: in banking and Um, he wrote a book on gold
Speaker 1: has Money in the History of Gold, and he understood
Speaker 1: the significance of hard money for civilization. He understood it
Speaker 1: very well and wrote about it very eloquently in that book,
Speaker 1: and it was enormously influential for me. So I would
Speaker 1: probably say these four Yeah, Mises hop rough part and
Speaker 1: furtherland lips nice, alright, good. I know I caught you
Speaker 1: off guard with that one, but but it was but
Speaker 1: I was good to hear that. Um cool with that.
Speaker 1: We're gonna wrap it up. I know you have that book.
Speaker 1: If you had Standard coming out really quickly, you were
Speaker 1: running a kickstarter. Is that still running or is that over? Yes,
Speaker 1: it's still running. You can you can go to my
Speaker 1: website safetan dot com slash Kickstarter or safety dot com
Speaker 1: slash t f S and Fiat Standard and you can
Speaker 1: pre order the book right now. It will be delivered
Speaker 1: in December, but you can get the draft of the book,
Speaker 1: the almost complete the draft still gonna be some editing done,
Speaker 1: but if you order now, you'll get the draft so
Speaker 1: you can read it now in digital format, and then
Speaker 1: in December you'll get the physical book, the digital book,
Speaker 1: and the audiobook and you can get a signed copy
Speaker 1: of it. Yes, and you can get a signed copy,
Speaker 1: and essentially the signed copies my way of Um. You know,
Speaker 1: people like donate to universities that they like. I'm sort
Speaker 1: of cutting out the middleman. And you know, if you
Speaker 1: want to support me working on these books, it takes
Speaker 1: a lot of time to write these books and I
Speaker 1: don't and I'm publishing. I'm self publishing them. Um. So
Speaker 1: instead of going to publishing house and taking an advance,
Speaker 1: I'm getting the advance essentially from my readers. So if
Speaker 1: you buy a signed copy, you get a signed copy,
Speaker 1: and you get listed in the book as one of
Speaker 1: the supporters of the book. So please do that. Yep,
Speaker 1: I got a signed copy of the Bitcoin Standard. I'm
Speaker 1: definitely getting a copy of the signed copy of the
Speaker 1: FED standard. So I'm in. I'm gonna put the link
Speaker 1: down below for everybody. I recommend that you go do that. Um,
Speaker 1: And with that we'll go ahead and sign it off.
Speaker 1: Thanks so much, Safety, thank you so much, Mark. Pleasure
Speaker 1: to take care all right.