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The Ocelli Effect is sponsored by WallStreetWindow.com and listeners like you.
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And now, the most underrated voice.
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In all media, Chuck Ocelli. September 23, 2026, allegedly, according
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to that thing we call a calendar. This, the Ocelli Effect,
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you hearing it, and, you know, if you're on the
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live stream, and it happens to be... uh, Wooden's day, Wednesday,
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middle of the week and all that good stuff. And
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it's just after 8 PM Eastern. You're hearing a live
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show at an odd time. Cause I got a double
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header today. Uh, I've got Mike Swanson who has not
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been on the show in quite a while, but I've
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had a lot of requests for him. And, uh, specifically
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I have one listener who sent me a whole bunch
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of questions. Another listener asked a couple of questions. So
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I'm going to combine that into the discussion. Mike Swanson,
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the author of the war state, why the Vietnam war, uh,
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also a couple of other books. You can check them
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out on the Amazon page and all that. And, uh,
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maybe I'll give you new links to Mike stuff because, uh,
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When you sign up for the newsletter at wallstreetwindow.com, the
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website is no longer there. Mike is in a bit
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of a transitional period. He'll probably tell you about that.
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And the second hour, although we'll probably split it into
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two podcasts, Larry Hancock will be on to give us
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an update on some of his work. And tonight's feature
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is going to be UAPs. So, you know, you never
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know what we're doing with Larry, but it'll be something
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current and something of interest. Anyway, before we get there,
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Mike Swanson, how you doing, man? It's been a while.
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How's it going?
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Oh, I'm doing good. Yeah, I think it's been probably,
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I don't know when we did the last show, but
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two years ago, I really took a break right before
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the Trump-Biden debate, where Biden appeared to be out of
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it and senile. I just decided to take a step
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back from the social media world. I've had a bad
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feeling about things and things will get worse no matter
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which it is. Two people won and I didn't know
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exactly what was going to happen, but I think we're
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in that situation now. So that's the way that's one
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reason that kind of took a break. The other, I
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knew that my website, which you referenced, was going to
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be in big trouble. Because around the same time, this
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AI business was emerging and it became clear to me
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that it was going to be a weapon deployed by
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Google and the other big tech companies to steal content
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by people who write, report, have websites, etc. and use
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it as their own so they could port all the
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traffic and make all the ad revenue. And that's what's happened.
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Ad revenue for independent websites, if you want to call
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them that, just websites across the board, has collapsed. Well,
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they crushed. Yeah.
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Now, Mike, they crushed revenue in a way. And you
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started talking about this on the show before you stopped
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coming on the show. They crushed ad revenue in a
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way because now you're dealing with an AI. And what
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is the AI sourcing? Actually, the website. So it's kind
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of funny. It's almost self-defeating because I can literally go
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and figure out what website this thing is answering me
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as if I'm having a conversation, the chatbot, right? And
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or even if I do an Internet search now, the
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first thing that comes up on any of these engines
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is what the AI response. And they draw from all
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sorts of Internet sources to give you, you know, supposedly
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the right information when you're looking for it.
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Right.
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And if you argue with them a little, they actually
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change their mind a bit. Like if you force them
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to look past the first search, you know, but it's
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almost like you've got a middleman on your search now. Um,
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and it's the AI, which isn't as bright as people
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think it is. You know, some people are like, oh
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my God, it's going to destroy the world. Not yet.
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We're not in the Terminator universe, but I think it
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does suck because yeah, it makes it so that, you know,
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somebody who wants to search, right. Used to be, you
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could put out your keywords. If you wrote about certain
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things and you tagged it, right. People would come to
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your site naturally because they would find it because they
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were in search of, especially with you, financial information, right.
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And all of that has now changed. The whole paradigm
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has shifted. And like, I don't know if I need
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a website for my podcast anymore, but if I don't
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have it, then I've got zero presence. And that's the
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other thing. Who's got a presence on the internet now,
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unless you're on social media, which is not exactly the
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same thing as an independent information site. Although people think
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it is for some reason, I get my news from Facebook.
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I get it from People are still doing that, Mike.
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They're getting their news from there, which, again, is another middleman.
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So it's like the different middlemen have almost taken over
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the whole business of information exchange, wouldn't you say?
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Yeah, and I could see it coming, like I said,
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two years ago, and I didn't know what to do
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about it myself. So for the past two years, I've
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really done less and less and less. I just sent
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out my newsletter once a week via email. But I
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took down my website just six weeks ago, and no
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one even noticed it. So no one sent me an email.
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I was about to ask you, did anybody notice? And
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not to insult you, just a matter of does anybody
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notice when a website disappears now?
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No, that just tells you. I mean, if you took
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yours down, no one would probably the same thing would happen.
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But as you said, you need some sort of presence.
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So What I've done is I've moved the domain name
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to something similar to Substack. It's called Beehive. It's a
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similar thing.
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That's cool, too. Now, I need to ask you something
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before I get into the listener things that they want
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you to comment about. Because you and I have talked
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this whole time over the two years. It's not like
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I wasn't talking to Mike. But we didn't do it
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in public. So I'm just letting the listeners know. uh, that,
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you know, Mike and I are still in touch and, uh,
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and he's still a supporter of what it is I'm doing. Uh,
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but you know, again, he's watching my transition happen too. Um, but,
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but here's the thing, Mike, I got a question for
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you and it's a big one because over time here,
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I've heard you say over and over again, I really
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don't want to talk to people on the internet. Now,
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is it because you can't reach them like you used to,
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or is Is it because of the toxic political environment
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in the English-speaking and especially the American sector of the internet?
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Is it because of the toxicity that exists because of
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the politics, or is it because of the new information
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exchange and the AI middlemen that are on everything? I mean,
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what is it? That sort of made you kind of
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not want to come on the show anymore. Not really.
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You weren't doing your own videos much anymore. I mean,
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YouTube sucks. That's another issue. And so to all these
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video platforms, even though. Do you realize that YouTube actually,
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per day, there is 80 years worth of video uploaded
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to YouTube per day? Did you know that?
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Wow, it's crazy. It's crazy. It would be.
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Impossible for you to watch Wednesday's videos if you started
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the day you were born and you didn't live to
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at least be 80. Like time wise, if you watched
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it in real time because of the weird stuff. And
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there is all sorts of dark web things going on
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on YouTube while they're policing it and doing all kinds
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of weird things like changing the language where now you
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have to use words like unalived instead of murdered or,
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you know, like they have a whole language police on
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there and everything. And there are people making a living
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and I don't begrudge them. I couldn't do it, though,
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and clearly I couldn't because I was banned from YouTube.
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The Ocelli Effect is not allowed to reestablish itself on
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the GooTube, okay? But anyway, this is a side issue.
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Is it because of the toxicity in the general public
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that caused you to want to get away from it?
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Because even when you're trying to give financial information to people,
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they turn it into politics? Or is it literally the
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mechanisms because of the AI middlemen and this weird paradigm
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shift where, you know, hey, don't bother creating independent stuff
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unless you're going to have subscribers and you're going to
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use particular platforms that you're relegated to? Is it that?
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Or is it that you just got fed up with
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the weird political responses? Like if you gave negative financial information,
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people probably started screaming at you that you were a
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Democrat if Trump was in power because you don't want
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to make Trump look good because you're a jerk and
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this and that. Was it that or was it just
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the way that the Internet has changed? Which one caused
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you to say, I kind of don't want to talk
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to people anymore?
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Well, it's both. They're both related. Because before the AI,
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I saw this in the financial space. Right. And it happened,
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I believe, simultaneously as the politics. They both changed. But
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in the financial world, I've been doing this since 1999.
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I had my first website. And back then, people read books.
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They were like, I want to learn about investing or whatever.
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They would go to the bookstore and they'd read books
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about it. And they would subscribe to a couple of newsletters.
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And this is before Facebook and social media, so to speak, existed.
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was even around, before YouTube was around.
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Right, and they'd even go to seminars in person sometimes.
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Yeah, they'd go to seminars. That's right. Right, right. But
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I actually built an email, a big email list by
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running advertisements that said, learn about stock trading. Right. And
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people would click and subscribe with that advertisement. Well, as
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time went on, at some point... that ad probably was
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successful for 10 years and at some point it stopped
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being responsive and around with the financial space the change
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there are two changes one was the rise of social
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media and YouTube.
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Right.
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Which was ironic because I was a big beneficiary from
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YouTube when it first hit the scene before Google bought it. Right.
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Because I saw it appear in 2006. And I was
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already doing audio podcasts about investing occasionally. Right. And I
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wasn't really talking about politics and all that kind of
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stuff at all. But anyway... When YouTube first was a website,
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the first year of it, I was fascinated by looking
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at people trying to be YouTubers and so forth. And
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it was a completely different platform than what you experience now. Absolutely.
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And I put up a couple videos selling stock market information,
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just a couple. And hardly anyone else was doing that.
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in the stock market world. So I was literally one
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of the first people using video. And because of that,
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for a year to my website, my subscriptions completely boomed.
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And then a couple years go by, and by the
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time people are able to put videos on Facebook... This
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all changed and everyone was doing it. So I became
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a nobody again because I wasn't able in the financial
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world as far as selling stuff because I wasn't able
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to compete. They were unwilling to compete with what the
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people were saying.
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Well, you gave information. They had YouTube stars, number one.
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Number two, you have the rise of the internet trading,
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which at one time was like they called it day
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trading and people did it online. And I forget what
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they went. There were certain websites that were booming online.
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with this. But then, uh, in recent years, we have
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the app based trading stuff, which of course Robin hood
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was the, uh, was probably the primary beneficiary of that.
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And that gave access to a lot of people to
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gamble in the stock market on fractional things. Uh, like
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I know a guy who owns like three shares of
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the Braves, literally the Atlanta Braves, right. And stuff like this.
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So people were out there making these like micro trades, uh,
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And stuff like that. And then, of course, Bitcoin and
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all that trading started happening. So, I mean, is this
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just a confluence of the digital world also coming together
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and sort of conspiring against real information and thinking for
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yourself or what?
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Well, it's... So, before that all happened, a guy appeared
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on the scene on Facebook in the stock market world.
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And he said.
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He claimed– I'm not going to say his name, but
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he said he was a schoolteacher and he became a
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millionaire through stock trading. Right. And he would fly around
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in jets, a private jet, and tell you he bought
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the private jet or he's renting it and he's got
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physical dollars with him and you can get rich if
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you follow his stuff. Right. And– I wasn't willing to
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make those claims, much less fly around in airplanes. So
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people like that knocked people like me out of it.
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I couldn't compete with them. Now, he ended up getting
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charged by the FTC for making a lot of these
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claims up completely. And a lot of these people did that.
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And these type of people appeared in real estate, in
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so-called internet marketing companies. And these people are precursors to
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the crypto world. So by 2017, Bitcoin exploded and crypto exploded.
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And in the financial world, that changed the messaging from
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someone saying, well, I'm rich. I'm flying around on an airplane.
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I can teach you to be like me. And he
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wasn't the only one. To now saying... Bitcoin is going
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to a million. Buy Bitcoin. You'll make a million. Get
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my book, and I'm going to tell you why you
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should believe in it, essentially.
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Well, there's that, and then there's the, look, if you
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start with $ 50 and you're 50 years old, we can
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make you retire.
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In five years.
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And they have all these magic bullet formulas, right? There
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used to be a real estate guy that was on
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all over the country. It was like an Asian dude.
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that would come on and go, why are you so stupid?
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You're being lazy. I buy houses. I flip them. This guy,
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I can't remember his name.
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But he's, you know, I'm talking about that guy. Yeah.
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So, I mean, but that's just like the graduate part
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of that stuff. Okay. But then also we live in
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the age of Elon Musk who could get away with
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making some interesting statements about his stocks and stuff.
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What I think happened though is, Elon starts to get
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big around 2017, gets bigger. Right. But I really think
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the other things were going on. I'm just saying I
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saw it with Bitcoin. And I think the same story
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happened across the board all over the place. But what happened,
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in my view, is you had a niche. It's called
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the financial media. You had Bitcoin come up. And this
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really isn't traded by Bitcoin. It's just the instrument. Bitcoin
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appears on the scene. It's the way people talked about it. Right.
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And there's already a super hot trend that disappeared in
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between the time we last spoke. And now we're speaking today.
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You hear anybody talking about NFTs anymore?
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Nope. But that, that was a, again, that that's, that
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comes after this. What happened in 20, in the 2017, 16, 18,
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somewhere in that period. Yeah. Is that it's not simply
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that these people are making these claims that of getting
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rich quick, whatever it could be, whatever the instrument. But
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I'm just talking about Bitcoin as the example. It's that
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the internet algorithms became more dominant in pushing out content
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and ads. And they saw that this type of messaging was,
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the most views, the most clicks, the most time watching videos,
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the most ad revenue, and fed it more and more
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and more to people. So it wasn't simply that there's
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some guy that wants to believe it somewhere, but now
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it came to dominate the entire ecosystem of the financial
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media to the point where anyone who got into When
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I got started, I entered a book. I went in
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a bookstore. I bought books. Now people get on the Internet.
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By 2017, 2018, they get on the Internet, and what
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do they see in their Facebook feed? Ad after ad
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after ad of people telling them they can get rich quick.
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They don't have to do any work. They don't have
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to think. They don't have to do anything. They can
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get rich quick. They believed it. They believed it. It
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changed their brains and the way they viewed things. the
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finance and how they can participate, but that same process.
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And it's all been done now digitally because look, there's
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everything from I'll build you an internet store with products.
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You don't even have to keep them and you'll just
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run an internet store and make money. You know, I'll
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build it for you for free. You know why? Because
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this company over here that actually processes the credit cards
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is willing to pay me to build you a site.
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That guy.
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But you could say that this type of messaging is
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based on pure emotion.
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Yeah.
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It's playing on people's pure greed, telling them they don't
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even have to think or work, basically.
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Well, it's emotion and desperation, too. Don't forget desperation. Because, look,
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somebody who's sitting there trying to earn a living and
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can't make ends meet is sitting there going, wait, all
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I got to do is sit at home and do
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this thing? And I got it or I can work
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through the app. But the truth is there's a new
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slave labor market that's coming through the app system now
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to where there is physical labor that's being dictated to
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and handled by the apps. I don't know if you
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know about that, but there's all sorts of temp work
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and everything else where basically your boss is an app.
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where you have to report back to it. And I mean,
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and the AI is in charge of you, believe it
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or not, there's an AI running most of the stuff
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until something goes wrong. Then they got to bring a
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person in when you don't get paid for a shift
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or whatever. And I've watched this process emerge as well.
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So there is once again, a class system around all
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this stuff, but Hey, look, if you want to get
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out of all that, you can come over here and
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use other apps to just get rich quick. uh, one
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way or another. And it's just, it's one casino or another,
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and you might as well be sitting there playing candy crush,
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except guess what? Real money. Um, you know, it's too much. And, um,
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and most of it is, you know, it has opened
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up a whole new genre of fraud because some people
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go and do work or do stuff for some of
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these apps or whatever, and then they get cheated out
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of their money. They don't get paid. And they've done stuff.
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Even there's been some money laundering that's gone on, which
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some of the– everybody's hush-hush about this when it comes
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to PayPal and everything else. where they've turned around and
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had to accept that, look, some of their platforms and
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some of their monetary exchange systems are now being used
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to defraud people, either to cheat them out of labor
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where they did labor and then the app doesn't pay them, or,
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you know, they get some sort of promise and they
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actually end up laundering something else. Even stolen goods being
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mailed in chain letters of sorts has gone on through
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these apps. So, I mean, there's all sorts of criminality,
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brand new cybercrimes happening. And by the way, do you
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see the FBI talking about any of that?
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Nope.
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They're still worried about voter fraud. They're still worried about,
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you know, the child trafficking. And meanwhile, there's massive, massive
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defrauding of people and cheating of people out of money
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and cheating of people out of their time, their energy
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and their hopes and dreams through the app systems. I mean,
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it's insane, Mike. I mean, I don't know. I'm going
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to try and sell baseball cards on whatnot, but that's
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just an auction system, and you either make your money
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or you don't. It's not the end of the world,
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and it's not something where you're going to get cheated,
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at least not today. I mean, who knows? Maybe somebody
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new will buy it and hijack it, but for now—
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And eBay is trying to emulate it, and now X
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is trying to come up with their version of it.
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And that's another weird thing, is these platforms are now
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becoming interchangeable, right? They do everything. So Facebook has a
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phone line for you. Facebook has a messaging system for you.
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Facebook has an employment situation for you. Facebook has a
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community gathering point so you can inform people about events
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in your community. All of that stuff is now coming together. Plus, oh,
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by the way, you want to run your podcast? You
380
00:21:41.839 --> 00:21:43.880
can just have it on X or you can just
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have it on Facebook or whatever else, right? So every
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00:21:48.119 --> 00:21:51.279
platform is like taking on all these different aspects. Now
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it's video conferencing. It's, you know, hey, pay for this
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and you get this special thing and all of this
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a la carte participation on these different social media sites
386
00:22:01.240 --> 00:22:05.789
becoming everything else, right? And it's getting weird. I got
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00:22:05.829 --> 00:22:09.390
to tell you, it's like everything is becoming everything, which
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is very odd. Anyway, I wanted to get to these
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questions from a listener because we've already killed almost half
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00:22:15.509 --> 00:22:17.910
the time I want to talk to you just on
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this basic transition. Sorry about that. Somebody just went by
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with a loud motorcycle or something. You might have heard
393
00:22:24.519 --> 00:22:24.960
that guy.
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Sorry.
395
00:22:26.380 --> 00:22:29.730
Anyways. Let's get to that because this is about the
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00:22:29.789 --> 00:22:32.170
financial stuff, and this is your expertise. This is what
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00:22:32.289 --> 00:22:34.529
everybody has been telling me to bring you back for.
398
00:22:34.890 --> 00:22:37.250
Do you mind if we go into that, Mike? Oh, sure.
399
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All right. Let me pull it up just to make
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00:22:39.309 --> 00:22:41.750
sure because I want to make sure I got his
401
00:22:41.789 --> 00:22:43.859
notes right because he wants your comments on these things
402
00:22:43.880 --> 00:22:47.079
because these are current conditions. And I would like to
403
00:22:47.099 --> 00:22:50.859
hear his insight and opinions, especially based on his experience
404
00:22:50.900 --> 00:22:55.240
in the financial world, about the following. The 10-year Treasury
405
00:22:55.299 --> 00:23:00.569
yield is trading near or over 5%. It's the highest
406
00:23:00.630 --> 00:23:05.329
level since July 2007. Gas prices at $ 4.
407
00:23:04.690 --> 00:23:05.009
44.
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00:23:05.009 --> 00:23:09.970
Diesel above $ 6 per gallon. That's national average. Of course,
409
00:23:10.029 --> 00:23:13.329
gas is over $ 6 in California, et cetera, blah, blah.
410
00:23:13.349 --> 00:23:17.490
Don't get me started. Anyway, global shipping costs have skyrocketed
411
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due to traditional shipping. Lanes have been closed.
412
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Okay.
413
00:23:22.670 --> 00:23:26.730
So those three conditions right now are causing us to
414
00:23:26.789 --> 00:23:27.630
see what, Mike?
415
00:23:29.829 --> 00:23:30.029
Huh?
416
00:23:32.069 --> 00:23:32.369
Sorry.
417
00:23:33.289 --> 00:23:34.509
What's the question? Okay.
418
00:23:34.789 --> 00:23:38.670
The 10-year treasury yield is trading near or over five.
419
00:23:39.190 --> 00:23:41.009
Yeah. I don't understand what they're asking.
420
00:23:41.869 --> 00:23:44.250
They want you to just basically comment on these things
421
00:23:44.470 --> 00:23:48.450
and tell us what this means for the future, actually.
422
00:23:49.210 --> 00:23:52.359
Where are we going? You know, I mean, he also
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00:23:52.400 --> 00:23:56.339
mentioned Secretary Bassett is robbing Peter to pay Paul with bonds.
424
00:23:58.039 --> 00:24:01.160
What else is being missed or covered to be concerned
425
00:24:01.200 --> 00:24:02.720
with regarding this?
426
00:24:05.700 --> 00:24:09.660
I'm still not sure why this is happening. Yeah.
427
00:24:09.779 --> 00:24:11.589
Like, why is this happening and what does it mean
428
00:24:11.609 --> 00:24:12.569
for the future? Yeah.
429
00:24:16.009 --> 00:24:20.950
Well, I mean, obviously. I mean, OK, let me see.
430
00:24:21.450 --> 00:24:23.289
You're talking about bonds.
431
00:24:24.230 --> 00:24:26.109
Well, one of them is, yeah, because he says the
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00:24:26.109 --> 00:24:29.150
10 year treasury yield is trading near over 5 percent,
433
00:24:29.910 --> 00:24:34.470
which is the highest level since July 2007. And I guess.
434
00:24:34.349 --> 00:24:36.609
Related to that— It made new high today.
435
00:24:37.130 --> 00:24:40.210
Yeah, there you go. And, you know, so what does
436
00:24:40.230 --> 00:24:42.930
this mean at this time? Or, you know, does this
437
00:24:43.190 --> 00:24:46.750
signal greater financial trouble in the future? Or are we
438
00:24:46.789 --> 00:24:48.990
looking— you know, what are we looking at in the next, say,
439
00:24:49.049 --> 00:24:50.990
six months to a year, do you think?
440
00:24:52.730 --> 00:24:56.450
Well, first of all, there's the— I' ll talk about the bonds
441
00:24:56.490 --> 00:24:59.390
in a second. I mean, the most obvious thing happening
442
00:24:59.470 --> 00:25:04.180
is the war with Iran that Trump launched in you know,
443
00:25:04.779 --> 00:25:08.309
back at the end of early March, late February, and
444
00:25:08.329 --> 00:25:12.109
the Strait of Hormuz is closed. So that's making oil
445
00:25:12.170 --> 00:25:14.849
go up, making the shipping costs go up and making
446
00:25:14.890 --> 00:25:17.809
the cost of everything go up. Now, where I live,
447
00:25:18.990 --> 00:25:23.630
we have, I mean, this is hard to believe, but
448
00:25:25.089 --> 00:25:28.940
Trump won by 60 points, 60% of the vote. The
449
00:25:28.980 --> 00:25:32.390
last time he ran for president, And I've got a
450
00:25:32.430 --> 00:25:36.369
lot of friends, you know, that really, really like Trump
451
00:25:36.410 --> 00:25:39.819
quite a lot. Like, you could say fans of his.
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00:25:39.960 --> 00:25:49.359
But I was told by someone pretty well connected that
453
00:25:50.369 --> 00:25:55.089
they have internal polls showing he's where I live at 40%.
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which is pretty crazy if that's true. I mean, that's
455
00:25:57.890 --> 00:25:58.549
pretty crazy.
456
00:25:58.630 --> 00:26:01.630
I mean, previous to that in your area, his polls
457
00:26:01.690 --> 00:26:05.940
peaked at like 70% approval, right? Over 60, yeah.
458
00:26:06.339 --> 00:26:10.960
So this is the cost of the war. We're right
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00:26:11.019 --> 00:26:14.740
now living through an inflation wave. This happened a couple
460
00:26:14.809 --> 00:26:17.769
years ago when I remember doing a show with you
461
00:26:18.269 --> 00:26:22.660
talking about watching the Soylent Green movie. And it came out,
462
00:26:22.700 --> 00:26:26.940
I looked at the timeline, the month that movie came out,
463
00:26:27.420 --> 00:26:30.980
prices had gone up like 10% in a month for
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00:26:31.029 --> 00:26:34.430
groceries and everything. We think of the 70s as being
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00:26:34.470 --> 00:26:39.750
this inflation time, but in reality, the inflation happened in
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00:26:39.890 --> 00:26:42.609
short bursts, and that was one of them. And we've
467
00:26:42.650 --> 00:26:46.369
lived through two of them since 2020, where prices would
468
00:26:46.410 --> 00:26:49.480
go up in two or three months real rapidly. And
469
00:26:49.500 --> 00:26:52.559
something like that seems to be happening right now. People
470
00:26:52.599 --> 00:26:55.880
see the headlines. Diesel has gone up quite a bit,
471
00:26:55.920 --> 00:27:00.049
and that impacts the cost of everything. So that's all
472
00:27:00.170 --> 00:27:03.789
linked to this war going on. Now, I mentioned the
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00:27:03.829 --> 00:27:07.589
Trump thing just to say that where I live, the
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00:27:07.609 --> 00:27:13.609
Republican incumbent running for Congress, he made a statement saying
475
00:27:13.670 --> 00:27:18.210
that the war doesn't have anything to do with your
476
00:27:18.250 --> 00:27:23.240
gas price. That the gas companies are gouging people and
477
00:27:23.279 --> 00:27:27.140
that's why the price is up. Well, I went and
478
00:27:27.160 --> 00:27:29.720
looked and then he also said funny. I looked at
479
00:27:29.769 --> 00:27:33.450
these things up before the show. Yeah, he's also made
480
00:27:33.470 --> 00:27:35.930
the claim or someone one of his friends did that.
481
00:27:36.730 --> 00:27:40.549
financial speculators in the futures market are making the price
482
00:27:40.609 --> 00:27:43.059
of oil up and it's all manipulated and the war
483
00:27:43.099 --> 00:27:44.019
has nothing to do with it.
484
00:27:44.460 --> 00:27:44.799
Okay.
485
00:27:44.900 --> 00:27:48.819
Well, just let me say that those are false because
486
00:27:49.500 --> 00:27:54.799
I went and looked and the people, the gas production
487
00:27:54.839 --> 00:27:58.599
companies in this country, their costs have gone up because
488
00:27:58.660 --> 00:28:02.410
in reality, even though there's a lot of domestic production,
489
00:28:02.470 --> 00:28:06.339
they actually import a lot of oil, almost half the
490
00:28:06.539 --> 00:28:11.029
oil used to make gas is imported because that oil
491
00:28:11.109 --> 00:28:14.210
is higher grade quality. A lot of it comes from Mexico,
492
00:28:14.230 --> 00:28:19.470
even in Canada, are actually two biggest sources of coming
493
00:28:19.490 --> 00:28:21.529
into the United States. But when the cost goes up
494
00:28:21.569 --> 00:28:24.309
around the world, you know, their costs, you know, it
495
00:28:24.349 --> 00:28:27.069
just goes up. I mean, so that's what the war
496
00:28:27.089 --> 00:28:30.500
has done. The second part about financial speculators in the
497
00:28:30.559 --> 00:28:35.220
futures market, I went and looked, and in reality, I
498
00:28:35.279 --> 00:28:40.970
trade futures sometimes, and every week the CFTC, Commodities Futures
499
00:28:40.990 --> 00:28:44.470
Trading Commission, puts out a report showing you how many
500
00:28:44.509 --> 00:28:49.730
contracts are long, short, what categories the people are doing it.
501
00:28:50.259 --> 00:28:55.420
And the reality is banks, hedge funds, investment pools are
502
00:28:55.480 --> 00:28:58.920
actually shorting oil. They're net short oil, so they're not
503
00:28:58.940 --> 00:29:02.160
manipulating the price up. They think, You know, it's time
504
00:29:02.200 --> 00:29:06.140
to hedge or lock in or try to bet against it.
505
00:29:06.190 --> 00:29:07.690
They're betting it's going to go down.
506
00:29:08.329 --> 00:29:10.829
Yeah, so they're not anecdoting it up at all.
507
00:29:11.130 --> 00:29:12.289
So here's the interesting thing.
508
00:29:12.309 --> 00:29:14.069
But anyway, I went on a side share crack.
509
00:29:14.430 --> 00:29:17.529
No problem. But this is related because he also asks
510
00:29:17.569 --> 00:29:19.730
here about Secretary Besset again.
511
00:29:20.069 --> 00:29:20.670
Yeah.
512
00:29:20.990 --> 00:29:25.009
You know, because, let's see, said gas would go down
513
00:29:25.109 --> 00:29:29.980
to $ 3, okay, around September 20th. This was said in April.
514
00:29:31.430 --> 00:29:34.650
And again, he also mentioned the whole thing about robbing
515
00:29:34.710 --> 00:29:39.930
Peter to pay Paul with the bonds financially. So ultimately—
516
00:29:39.950 --> 00:29:43.119
he wants to know any thoughts about Secretary Besson's judgment
517
00:29:43.279 --> 00:29:47.500
for his– ultimately for what he's doing operationally but also
518
00:29:47.539 --> 00:29:50.869
his public statements. How do you think that's affected things?
519
00:29:52.089 --> 00:29:55.950
And one comment about gas just real fast is what
520
00:29:56.049 --> 00:29:59.740
I know is that none of the gas companies in
521
00:29:59.779 --> 00:30:04.420
this country are losing money. OK, nobody's losing money. They're
522
00:30:04.480 --> 00:30:08.960
still gaining for their stockholders just fine. So it's not
523
00:30:09.019 --> 00:30:12.079
as though this is putting a hurting on them. All right.
524
00:30:12.660 --> 00:30:15.329
And I know that they never seem to really fall
525
00:30:15.369 --> 00:30:19.500
down very much. OK, and it's interesting because the last
526
00:30:19.559 --> 00:30:22.720
time we had global conflict erupt and we had spikes
527
00:30:23.019 --> 00:30:27.900
in in fuel oil costs and gas prices, you know,
528
00:30:27.960 --> 00:30:30.819
they made claims that they were taking a hit. There's
529
00:30:30.859 --> 00:30:32.640
no need for them to make that claim because what
530
00:30:32.660 --> 00:30:35.400
we can see publicly is that they're humming along just fine,
531
00:30:35.930 --> 00:30:37.890
regardless how much they're charging us. So I don't know
532
00:30:37.910 --> 00:30:41.650
about price gouging. But there's no give back on this,
533
00:30:42.289 --> 00:30:45.289
where they're trying to assist with even trying to drag
534
00:30:45.410 --> 00:30:48.049
or claw back any of these prices. They're just rolling
535
00:30:48.130 --> 00:30:51.650
with it, it seems to me. That's my commentary. But
536
00:30:52.269 --> 00:30:54.099
back to this about Besant, what do you think about
537
00:30:54.140 --> 00:30:58.579
his judgment regarding his public statements and operationally what he's
538
00:30:58.599 --> 00:31:00.299
done so far that we've been able to see?
539
00:31:01.500 --> 00:31:05.819
Well, we're in a fascinating moment right now when it
540
00:31:05.839 --> 00:31:15.819
comes to bond market, because So the– a turning point
541
00:31:15.839 --> 00:31:19.500
appears to have happened– let me get a chart and
542
00:31:19.960 --> 00:31:23.880
I'll tell you exactly when– in July.
543
00:31:24.000 --> 00:31:24.640
Okay, in July.
544
00:31:24.740 --> 00:31:32.420
In July. So a couple things happened this summer. One– Well,
545
00:31:32.440 --> 00:31:34.480
first of all, I should just say the reason the
546
00:31:34.519 --> 00:31:37.490
bond yields are going up, as you said, why has
547
00:31:37.529 --> 00:31:40.690
the 10-year gone up? It's because of the inflation and
548
00:31:40.750 --> 00:31:45.269
because the size of the American debt has gotten so big.
549
00:31:46.740 --> 00:31:49.680
that the interest on the debt is growing, you know,
550
00:31:49.700 --> 00:31:52.890
the amount the government has to pay on interest is growing.
551
00:31:53.029 --> 00:31:56.410
Well, currently it's over $ 40 trillion, right? I mean, that's
552
00:31:56.549 --> 00:31:57.609
an outlandish number.
553
00:31:57.630 --> 00:32:02.470
Yeah, go ahead. It seems, you know, the timing of
554
00:32:02.950 --> 00:32:06.190
what came after, it seems that that passage of that
555
00:32:06.190 --> 00:32:09.970
$ 40 trillion mark, which happened this summer, marked a turning point.
556
00:32:10.789 --> 00:32:17.410
After that happened, the bond market started to The change,
557
00:32:17.549 --> 00:32:20.569
the yield started to go up. Of course, the inflation
558
00:32:20.589 --> 00:32:24.119
is going up at the same time. So I think
559
00:32:24.150 --> 00:32:27.599
it's two things happening at once. One, the inflation. Two,
560
00:32:28.140 --> 00:32:30.779
the size of the debt has now gotten so big
561
00:32:31.559 --> 00:32:37.339
that there's been pockets of trouble in funding it. People
562
00:32:37.700 --> 00:32:42.630
around the world are buying less American debt. They, of course,
563
00:32:42.829 --> 00:32:44.910
slowly been doing that for the past couple of years.
564
00:32:45.390 --> 00:32:47.410
But it's gotten to the point now, you know, we
565
00:32:47.450 --> 00:32:50.230
used to think, well, the day could come in which
566
00:32:50.329 --> 00:32:53.430
China could sell the bonds and crash the U.S. economy
567
00:32:53.450 --> 00:32:57.599
because they're in treasury bonds. In reality, they don't have
568
00:32:57.640 --> 00:33:01.440
to sell many of them to put the squeeze on
569
00:33:01.500 --> 00:33:04.039
our government now. They don't have to sell all their holdings.
570
00:33:04.380 --> 00:33:08.339
They just have to sell a little bit. Because the
571
00:33:08.539 --> 00:33:14.039
amount being bought around the world has slowly been declining,
572
00:33:14.680 --> 00:33:19.609
and the amount being issued by the government is going up.
573
00:33:19.619 --> 00:33:23.089
A budget deficit is over a trillion, maybe going to
574
00:33:23.160 --> 00:33:26.150
be two trillion. Trump wants an additional $ 500 billion, a
575
00:33:26.119 --> 00:33:37.650
50% increase for the defense budget next year. And for
576
00:33:37.690 --> 00:33:41.670
whatever reason, there's been less tax receipts coming in this
577
00:33:41.730 --> 00:33:46.230
year than last. Now, he didn't create the $ 40 trillion debt.
578
00:33:46.690 --> 00:33:49.789
It was like $ 36 trillion or something when he got
579
00:33:49.829 --> 00:33:53.569
in office this last time. But regardless, what's happening in
580
00:33:53.589 --> 00:33:59.880
the bond market, though, is I think it was the
581
00:33:59.910 --> 00:34:02.539
first week of August or so, or very end of July,
582
00:34:03.180 --> 00:34:07.859
Bassett came out and made an announcement. that I'm going
583
00:34:07.900 --> 00:34:09.980
to buy $ 4 billion.
584
00:34:09.360 --> 00:34:10.159
Worth of bonds.
585
00:34:11.519 --> 00:34:13.460
And he's doing this to try to make the yields
586
00:34:13.519 --> 00:34:16.679
go back down to say, I can buy if there's
587
00:34:16.699 --> 00:34:18.360
not enough, he's not, you know, he's not going to
588
00:34:18.389 --> 00:34:21.750
admit there's not enough demand, but he's basically going to
589
00:34:21.789 --> 00:34:25.530
bridge promising to bridge the gap. Well, when he made
590
00:34:25.570 --> 00:34:29.949
that announcement, he wanted the yields to go down. They
591
00:34:29.969 --> 00:34:32.050
went down for like five minutes and started to go
592
00:34:32.090 --> 00:34:35.559
back up. So his announcement was a failure. What did
593
00:34:35.599 --> 00:34:40.139
he do? Within 72 hours, he came out again, and
594
00:34:40.179 --> 00:34:42.159
he said, well, I can buy $ 4 billion. He doubled
595
00:34:42.360 --> 00:34:45.599
the amount he would buy. What happened? The bonds went
596
00:34:45.639 --> 00:34:48.530
down for like 10 minutes, the yields, I mean. Then
597
00:34:48.570 --> 00:34:52.260
they went back up again. And then another week or
598
00:34:52.300 --> 00:34:56.389
two goes by, and he says, well, I can buy
599
00:34:56.429 --> 00:35:00.929
as much as I want. What happened? The market ignored him.
600
00:35:01.389 --> 00:35:03.550
And then another weeks go by and he made some
601
00:35:03.590 --> 00:35:06.559
statement like, don't bet against the house. I'm the house.
602
00:35:07.239 --> 00:35:11.639
So would I, I mean, here's one way I feel now,
603
00:35:12.599 --> 00:35:15.039
you know, and he's caused me to feel this way,
604
00:35:15.079 --> 00:35:17.679
so this is a way to answer your question, or
605
00:35:17.860 --> 00:35:21.590
your listener's question about his statements, the confidence in him.
606
00:35:22.469 --> 00:35:27.909
You know, a lot of people, they don't like Trump,
607
00:35:27.969 --> 00:35:30.630
you know, they say he's Hitler or something, some of
608
00:35:30.650 --> 00:35:34.710
the Democrats or whatnot, and some of his other officials,
609
00:35:34.809 --> 00:35:38.400
but the way I see it, have felt since the
610
00:35:38.420 --> 00:35:41.900
start of this war. Now, even more watching this Besant character.
611
00:35:42.639 --> 00:35:45.800
What I see when I see these people talk is
612
00:35:46.380 --> 00:35:49.519
the old Iraqi information minister when he was on TV
613
00:35:50.000 --> 00:35:52.860
and we invade Iraq and he was making crazy statements
614
00:35:53.300 --> 00:35:56.489
that he, their government was winning and everything we're doing
615
00:35:56.510 --> 00:36:00.070
was a failure. I just see people talking while everything
616
00:36:00.119 --> 00:36:03.570
is not going the way it's supposed to. And that's
617
00:36:03.690 --> 00:36:06.570
what I think Besant's trying. You know, I don't think
618
00:36:06.590 --> 00:36:10.190
he's going to, be able to control the bond market
619
00:36:11.849 --> 00:36:14.880
the way he wants to, unfortunately. I wish he could,
620
00:36:15.320 --> 00:36:23.820
but what that means is every time he fails, and
621
00:36:23.840 --> 00:36:26.760
he's failed so far to try to make bond yields
622
00:36:26.800 --> 00:36:29.980
go down, and he's stopped trying the past few weeks,
623
00:36:31.000 --> 00:36:33.599
but he will come back at some point and try again.
624
00:36:34.480 --> 00:36:38.929
Each time he fails, the next statement has to be
625
00:36:38.949 --> 00:36:42.389
more extreme and it fails and he will end up
626
00:36:42.630 --> 00:36:45.630
having to true. He hasn't done it yet. He will
627
00:36:45.690 --> 00:36:51.320
have to actually start to buy and print, you know,
628
00:36:51.389 --> 00:36:54.800
and monetize the debt. So that's where this is really headed.
629
00:36:54.820 --> 00:36:58.000
We're not there yet. You know, maybe next year, maybe
630
00:36:58.039 --> 00:36:59.920
next year, but not, not yet.
631
00:37:00.039 --> 00:37:03.039
But that becomes a problem given that we, we have
632
00:37:03.099 --> 00:37:08.000
trouble with our stability with international relations. Right. And, Not
633
00:37:08.039 --> 00:37:11.829
just because of the war, okay, and whatever's going on there,
634
00:37:12.349 --> 00:37:15.309
but also there's a bunch of different things happening here.
635
00:37:15.329 --> 00:37:17.449
I mean, there's been the tariffs back and forth. I'll
636
00:37:17.489 --> 00:37:19.469
punish you with tariffs if you don't do this or
637
00:37:19.489 --> 00:37:22.429
you don't do that or, you know, or whatever we're
638
00:37:22.449 --> 00:37:24.079
going to do to French wine or we're going to
639
00:37:24.119 --> 00:37:26.300
punish the Canadians and this and that and the third thing.
640
00:37:26.960 --> 00:37:29.119
All of this is going to affect how many of these,
641
00:37:29.920 --> 00:37:33.750
you know, treasuries are being purchased internationally, right? So this
642
00:37:33.829 --> 00:37:38.889
is going to cause issues. But also, you know, he
643
00:37:38.929 --> 00:37:40.440
wants to know what you think about the power of
644
00:37:40.480 --> 00:37:46.139
political monopolies, you know, that are ignoring antitrust laws that
645
00:37:46.159 --> 00:37:48.840
are on the books currently, because there's a lot of that,
646
00:37:48.940 --> 00:37:53.559
you know, allegedly going on. And also the responsibility of
647
00:37:53.579 --> 00:37:55.659
the Americans who voted in this chaos, he wants to
648
00:37:55.719 --> 00:37:59.239
know about. But ultimately, I think we already covered that.
649
00:37:59.929 --> 00:38:02.550
I don't think anybody's taken responsibility for it because it's
650
00:38:02.590 --> 00:38:06.170
so disconnected. You know, like people see the prices and
651
00:38:06.210 --> 00:38:10.400
they see the impact like at the gas pump. That's relatable.
652
00:38:10.460 --> 00:38:13.300
That's in their face. But I don't think they reckon with,
653
00:38:13.820 --> 00:38:16.719
you know, best its effect on the bond market. What's
654
00:38:16.739 --> 00:38:19.550
the difference to most of us? You know, is there
655
00:38:19.570 --> 00:38:22.250
a difference? Is it going to change the inflationary curve?
656
00:38:22.750 --> 00:38:24.570
You know, is there any way to put a stop
657
00:38:24.610 --> 00:38:26.710
to this inflationary curve? Because like you said, it's like
658
00:38:26.750 --> 00:38:30.389
a wave now. which is not recession. And by the way,
659
00:38:30.449 --> 00:38:33.489
where was our break from our last recession? Because we
660
00:38:33.590 --> 00:38:36.429
were talking about recessionary stuff, and then there's usually a
661
00:38:36.489 --> 00:38:39.190
break and a change. It seems to me as though
662
00:38:39.230 --> 00:38:43.829
we've had a minor slowdown and then a continuation of
663
00:38:43.889 --> 00:38:48.010
a recessionary type curve. that has gone on here, unless
664
00:38:48.050 --> 00:38:49.230
I'm reading the wave wrong.
665
00:38:49.650 --> 00:38:54.110
Mike? No, I mean, that's how people are experiencing it.
666
00:38:54.230 --> 00:38:55.949
You know, the only thing that's done well is the
667
00:38:55.989 --> 00:39:02.699
stock market. But everyone else's wages have stagnated while inflation
668
00:39:02.840 --> 00:39:05.679
has gotten worse. It's never got really— you know, it's just
669
00:39:05.719 --> 00:39:10.019
slowed down. All that's happened is under Biden, too. It's
670
00:39:10.059 --> 00:39:15.329
not just Trump's fault. But all that's happened since 2020—
671
00:39:15.329 --> 00:39:20.980
After 2021, or after 2020, the inflation started in 2021, really,
672
00:39:21.719 --> 00:39:25.989
and all it's done is have bursts and then slowdowns
673
00:39:26.050 --> 00:39:29.289
of the rate of inflation. You know, the prices never dropped,
674
00:39:29.369 --> 00:39:33.579
and the inflation... the official inflation number has never gotten
675
00:39:33.719 --> 00:39:37.340
to their target of 2%. You know, they keep predicting
676
00:39:37.400 --> 00:39:39.460
it will and it doesn't do. And then it gets worse.
677
00:39:39.760 --> 00:39:43.480
Plus no matter how many checks they write, right. The,
678
00:39:43.619 --> 00:39:46.699
the whole COVID, you know, lockdown and stopping a business
679
00:39:46.739 --> 00:39:49.610
and everything else that took place. Regardless of how many
680
00:39:49.650 --> 00:39:53.150
checks they write or threaten to write, it's not correcting anything.
681
00:39:54.130 --> 00:39:57.730
It's adding to the problem, it seems like. And, you know, yes,
682
00:39:57.769 --> 00:40:00.860
it would be nice if everybody got a $ 5, 000 dividend check, sure.
683
00:40:01.519 --> 00:40:04.000
But what is that $ 5, 000 going to be worth if
684
00:40:04.039 --> 00:40:06.139
they keep doing things this way?
685
00:40:06.619 --> 00:40:10.380
I want to back up for one second. Sure. You
686
00:40:10.420 --> 00:40:16.619
mentioned the tariffs because— I don't remember if I did
687
00:40:16.679 --> 00:40:20.619
a show about the tariffs when he was doing that
688
00:40:21.440 --> 00:40:24.099
last year in March, April. But I don't think so.
689
00:40:24.119 --> 00:40:28.010
I was out of town traveling anyway. You know what?
690
00:40:28.050 --> 00:40:30.010
We talked about it because you had come back from
691
00:40:30.070 --> 00:40:34.730
a casino trip. And I have good recall on conversations.
692
00:40:35.190 --> 00:40:38.300
We talked about that at the very beginning. of the
693
00:40:38.340 --> 00:40:40.559
tariff wave when it was like, he was saying that
694
00:40:40.579 --> 00:40:42.519
he was going, okay, don't worry. Cause I'm going to,
695
00:40:42.579 --> 00:40:45.280
I'm going to put, you know, 300% tariffs on the
696
00:40:45.320 --> 00:40:48.829
Chinese and this and that. And everybody is going to get,
697
00:40:48.849 --> 00:40:50.769
there's going to be a worldwide tariff. And he was
698
00:40:50.809 --> 00:40:53.210
started making these statements. Hadn't done anything yet.
699
00:40:53.449 --> 00:40:53.869
Yes.
700
00:40:54.429 --> 00:40:56.610
Well, and you were talking about how it was being
701
00:40:56.650 --> 00:40:58.769
discussed at the poker table, but that's as far as
702
00:40:58.809 --> 00:41:00.230
we ever got with it. Yeah, go ahead.
703
00:41:00.530 --> 00:41:05.289
Well, so when he started doing the tariffs, you know,
704
00:41:06.599 --> 00:41:12.059
I was trying to find a strategy of why is
705
00:41:12.079 --> 00:41:19.860
he doing this. And his top economics advisor made a statement,
706
00:41:21.050 --> 00:41:26.110
released a statement of why they're doing it. And one
707
00:41:26.150 --> 00:41:28.750
of the things they said basically was they're going to
708
00:41:28.889 --> 00:41:32.630
use the tariffs to try to manage the debt, which
709
00:41:32.710 --> 00:41:37.760
now has hit the $ 40 trillion mark. And they recognized
710
00:41:37.880 --> 00:41:41.860
the fact that this could become a crisis, which I
711
00:41:41.900 --> 00:41:46.380
would say it's just a glimmer of that starting. But anyway,
712
00:41:46.400 --> 00:41:52.789
this guy, his name was Stephen Moran. When Trump got elected,
713
00:41:52.809 --> 00:41:56.409
and right before he got in office, he wrote a
714
00:41:56.489 --> 00:42:01.610
paper about why did he tariffs. And he claimed that
715
00:42:02.190 --> 00:42:07.969
the tariffs... could be used as a tool to force
716
00:42:08.309 --> 00:42:16.900
countries to take the treasury bonds they own and just
717
00:42:17.599 --> 00:42:23.460
forgive them in return for tariff relief. So, for example,
718
00:42:23.480 --> 00:42:29.610
the actual largest holder of treasury bonds in a country
719
00:42:30.150 --> 00:42:34.579
isn't China now, but Japan. And one of the ideas
720
00:42:34.619 --> 00:42:36.860
he had was, well, you know, the U.S. has a
721
00:42:36.900 --> 00:42:42.670
defense treaty. We could tell the Japanese, if you don't
722
00:42:43.170 --> 00:42:49.809
repudiate the bonds, the treasure bonds, which would reduce the
723
00:42:49.849 --> 00:42:52.969
debt we owe to you, if you don't do that,
724
00:42:53.329 --> 00:42:55.170
we will stop defending your country.
725
00:42:55.469 --> 00:42:59.090
So write off the debt that you bought or... We
726
00:42:59.130 --> 00:43:01.530
stop being your military, basically.
727
00:43:01.590 --> 00:43:04.550
Yeah, we'll stop being your military. We'll stop trading with you.
728
00:43:05.429 --> 00:43:09.670
What a concept. He was Trump's top economics advisor. He
729
00:43:10.090 --> 00:43:12.449
ends up leaving that and going on the Federal Reserve
730
00:43:12.469 --> 00:43:15.889
for a period of time. But anyway, he released this
731
00:43:15.929 --> 00:43:19.840
statement as soon as Trump started the tariff war. So
732
00:43:19.920 --> 00:43:23.420
I thought, okay, he said this. He wrote this paper.
733
00:43:24.239 --> 00:43:27.949
This is a strategy that makes sense. I'm not saying
734
00:43:28.010 --> 00:43:30.920
it would work but there's at least a thought a
735
00:43:30.940 --> 00:43:33.519
strategy apparent.
736
00:43:33.139 --> 00:43:36.239
To there's a coherent idea at least.
737
00:43:35.840 --> 00:43:41.719
And I told that to a couple people in financial
738
00:43:41.780 --> 00:43:44.280
stuff and they said no and some of them they're
739
00:43:44.320 --> 00:43:48.699
not democrats or whatever they thought one of them was
740
00:43:48.860 --> 00:43:52.739
adamant no there's no strategy this guy's just free willing
741
00:43:52.800 --> 00:43:56.590
and saying stuff and watch he'll back off he'll change
742
00:43:56.630 --> 00:44:00.530
the tariff numbers there's no real strategy he doesn't do
743
00:44:00.590 --> 00:44:03.449
anything with strategy it's all fly by the seat of.
744
00:44:03.429 --> 00:44:05.650
His pants well I agree with them and I.
745
00:44:05.590 --> 00:44:10.000
Have to admit And I had to admit to him,
746
00:44:10.519 --> 00:44:13.699
you're right, I was wrong. And that's the way to
747
00:44:13.760 --> 00:44:18.030
understand everything going on. This darn war, it's evident that's
748
00:44:18.070 --> 00:44:20.670
how it happened and has continued to be carried out.
749
00:44:21.349 --> 00:44:24.150
There's no real coherent strategy on how to win when
750
00:44:24.170 --> 00:44:27.380
they started. Just a simple hope that we kill the
751
00:44:27.599 --> 00:44:30.539
Atoll and these top people and we'll just win.
752
00:44:31.360 --> 00:44:34.000
If we do enough damage, we achieve victory. That's it.
753
00:44:34.079 --> 00:44:37.199
And that's the only actual strategy. There's nothing else to it.
754
00:44:37.300 --> 00:44:42.969
They fired— they, in fact, fired the head of the Joint
755
00:44:43.010 --> 00:44:46.869
Chiefs planning staff four or five days before the war started,
756
00:44:47.909 --> 00:44:51.750
and he got— Most of the idea is not from the,
757
00:44:51.760 --> 00:44:57.000
I mean, it's kind of not from them at all,
758
00:44:57.539 --> 00:45:00.739
but from a think tank funded by the Adelson, the
759
00:45:00.820 --> 00:45:05.639
Adelson lady. Of course. And other pro-Israel lobbyists. And those
760
00:45:05.659 --> 00:45:08.719
are the people that gave them the idea, supposedly, of
761
00:45:09.119 --> 00:45:12.760
blockading Iran after they did, you go after they shut
762
00:45:12.800 --> 00:45:16.309
those trade. And I don't know how. I don't know
763
00:45:16.329 --> 00:45:17.530
what's going on at the moment.
764
00:45:17.789 --> 00:45:19.179
I got to tell you, it gave a lot of
765
00:45:19.199 --> 00:45:21.380
validity to the people that like to scream about the
766
00:45:21.440 --> 00:45:25.449
Zionist conspiracy and them influencing our government right away because
767
00:45:25.630 --> 00:45:29.090
there is no other purpose for this but to aid Israel.
768
00:45:30.239 --> 00:45:32.639
That is what our money is being spent on. That's
769
00:45:32.699 --> 00:45:35.340
what our resources are being spent on. And that's why
770
00:45:35.380 --> 00:45:38.889
we're running out of missiles while they're using $ 300 drones
771
00:45:38.949 --> 00:45:39.949
against us, Iran.
772
00:45:39.969 --> 00:45:43.610
And the thing is about it, you can look back
773
00:45:44.070 --> 00:45:48.480
last year when... Trump, you know, when Israel started this
774
00:45:48.920 --> 00:45:52.599
by attacking Iran, and then Trump joined in at the
775
00:45:52.619 --> 00:45:55.280
very end of that campaign with 12 days or whatever
776
00:45:55.320 --> 00:45:59.079
it was, and bombed their nuclear weapons site and claimed
777
00:45:59.099 --> 00:46:02.679
their nuclear program was completely destroyed. Well, anyway, either right
778
00:46:02.699 --> 00:46:06.219
before he launched his attack or right after, he did
779
00:46:06.320 --> 00:46:09.780
one of his social tweets, or truths or whatever, and
780
00:46:09.820 --> 00:46:14.320
he said in there, he wrote in his tweet, MAGA
781
00:46:14.420 --> 00:46:21.119
is now M-I-G-A. Make Israel great again. Well, he said
782
00:46:21.159 --> 00:46:25.110
make Iran great again, I think. But he said, I'm
783
00:46:25.150 --> 00:46:31.469
not sure if he made it. Maybe I'm wrong, but
784
00:46:32.110 --> 00:46:35.360
I know he said MAGA is now M-I-G-A, and there's
785
00:46:35.409 --> 00:46:39.219
nothing wrong with the nation building is not a stigma
786
00:46:39.239 --> 00:46:41.579
or something like that. I don't think he said what
787
00:46:41.860 --> 00:46:43.239
MAGA stood for.
788
00:46:43.260 --> 00:46:45.590
Which is totally the opposite of what the guy had
789
00:46:45.670 --> 00:46:47.409
run on for like 10 years.
790
00:46:47.489 --> 00:46:48.510
It turns into a fraud.
791
00:46:50.199 --> 00:46:53.000
Listen, and you voted for him, Mike, so I'm not
792
00:46:53.039 --> 00:46:55.230
trying to press you to the wall on this or anything,
793
00:46:55.269 --> 00:46:56.090
but I'm just saying.
794
00:46:56.110 --> 00:46:59.409
Well, I'm always willing to admit I was, you know,
795
00:46:59.429 --> 00:47:00.429
I voted for a fraud.
796
00:47:00.570 --> 00:47:04.809
Well, okay, that's cool. But I'm just saying, on this point, though, directly,
797
00:47:05.489 --> 00:47:07.750
this is the guy who said, I will not get
798
00:47:07.789 --> 00:47:10.110
you into new wars. I will not get you into
799
00:47:10.150 --> 00:47:13.159
forever wars. I am not looking to do that. We
800
00:47:13.199 --> 00:47:14.699
need to take care of stuff at home. I mean,
801
00:47:14.760 --> 00:47:17.579
is this not what his rhetoric was for, like, 10
802
00:47:17.579 --> 00:47:21.730
years now? Or am I crazy? Because the guy said
803
00:47:21.769 --> 00:47:25.730
all that and then did this. You know, it's like.
804
00:47:26.789 --> 00:47:31.730
But, oh, the thing about the strategy about the bonds
805
00:47:31.789 --> 00:47:35.000
of Japan and so forth, the thing is, you know,
806
00:47:35.019 --> 00:47:40.340
at this point in time, that was probably an unrealistic
807
00:47:40.420 --> 00:47:43.820
strategy that never would have worked anyway, but there's no
808
00:47:43.860 --> 00:47:49.150
way it would work now because... Things have gotten worse
809
00:47:49.170 --> 00:47:54.110
geopolitically for the United States. Countries aren't going to do that.
810
00:47:54.170 --> 00:47:56.809
That's why the guy mentioned in what he wanted you
811
00:47:56.829 --> 00:47:59.210
to comment on about the fact that we have troubles
812
00:47:59.250 --> 00:48:02.949
with our international relations, which does not bode well when
813
00:48:02.989 --> 00:48:06.170
a whole bunch of them own our debts and can
814
00:48:06.210 --> 00:48:10.159
turn around and call them in. This is a problem,
815
00:48:10.219 --> 00:48:12.719
especially if it is. I mean, $ 40 trillion, I guarantee
816
00:48:12.739 --> 00:48:14.610
you a ton of it we owe to ourselves somehow
817
00:48:15.929 --> 00:48:18.559
if you do the accounting. But a whole lot of it.
818
00:48:19.889 --> 00:48:25.309
There's a good argument I've seen someone make that right
819
00:48:25.369 --> 00:48:32.159
now China could end the war because if there's one
820
00:48:32.239 --> 00:48:36.110
country in the world that has leverage and over both
821
00:48:36.130 --> 00:48:39.150
the United States and Iran, it's China. Right. Because they've
822
00:48:39.190 --> 00:48:43.489
been so much in their debt, and they have big
823
00:48:43.530 --> 00:48:46.849
relations with Iran. They're probably helping them in the war.
824
00:48:47.110 --> 00:48:52.869
They had the leverage to pressure both the United States
825
00:48:53.030 --> 00:48:58.219
and Iran, just as Dwight Eisenhower did with the Suez
826
00:48:58.239 --> 00:49:01.880
Canal and pressuring the British and the French. When they
827
00:49:01.920 --> 00:49:04.679
were fighting Egypt, you know, over the Suez Canal. Right.
828
00:49:04.739 --> 00:49:07.389
And that was the end of the British Empire. You know,
829
00:49:07.469 --> 00:49:10.989
the final end of it was that moment. So China's
830
00:49:11.050 --> 00:49:13.289
probably not going to do that because they don't want
831
00:49:13.329 --> 00:49:18.909
the responsibility of, mitigating. And also the U.S. would not–
832
00:49:19.090 --> 00:49:22.159
we don't have the– Britain and the U.S. and France
833
00:49:22.219 --> 00:49:26.199
had much closer. We were all allies, really. We're not
834
00:49:26.260 --> 00:49:29.739
allies of China. We wouldn't appreciate it too much.
835
00:49:31.380 --> 00:49:34.909
No, but in a hardball situation, they could do it.
836
00:49:34.960 --> 00:49:36.000
The potential is there.
837
00:49:36.139 --> 00:49:39.239
Yeah. They have the power to do it. I guess
838
00:49:39.280 --> 00:49:40.659
that's the point.
839
00:49:40.699 --> 00:49:42.809
They have the power to do it, and the potential
840
00:49:42.869 --> 00:49:47.409
is there. Listen, I don't claim to understand Chinese strategy.
841
00:49:49.650 --> 00:49:52.860
It could happen. I don't throw it off the table.
842
00:49:54.179 --> 00:49:56.719
One thing I read, reading about the Vietnam War and
843
00:49:58.079 --> 00:50:04.400
so forth, one of the things... Historically, supposedly, a theme
844
00:50:04.440 --> 00:50:07.679
in China is they don't do anything. They like to
845
00:50:07.719 --> 00:50:10.099
be very cautious, you know, in their whole history. Right.
846
00:50:10.380 --> 00:50:13.179
They like to be very, very cautious and not do anything.
847
00:50:13.599 --> 00:50:17.010
And then if they do something, make it so shocking
848
00:50:17.909 --> 00:50:21.530
and overwhelming, or they attempt to, that, you know, it
849
00:50:23.349 --> 00:50:29.639
makes people shocked. So, for example, they invaded India during
850
00:50:29.659 --> 00:50:32.760
the Cuban Missile Crisis. Right. and took a bunch of
851
00:50:32.800 --> 00:50:38.420
land as a bargaining chip over them. And they tried
852
00:50:38.460 --> 00:50:46.570
to invade Vietnam around 1980 and got bought. It didn't
853
00:50:46.590 --> 00:50:50.369
last long. They realized they couldn't win and gave up
854
00:50:50.530 --> 00:50:55.460
in like 90 days or so. a month or something. Right.
855
00:50:56.139 --> 00:50:59.559
They were allied to the Khmer Rouge. Right.
856
00:51:00.179 --> 00:51:02.920
Of course. And that has to do with Cambodia and
857
00:51:02.980 --> 00:51:06.239
all that. Look, the region there is a whole other
858
00:51:06.590 --> 00:51:10.050
topic of discussion. But we're almost out of time. So
859
00:51:10.110 --> 00:51:12.030
I want to get to let people know what it
860
00:51:12.110 --> 00:51:14.650
is you're up to because you did talk about writing
861
00:51:14.690 --> 00:51:18.159
a new book and you were talking about making a
862
00:51:18.260 --> 00:51:21.340
second to the Why the Vietnam War series.
863
00:51:21.360 --> 00:51:21.480
Yes.
864
00:51:22.199 --> 00:51:24.199
Um, you know, and I don't know what you're working
865
00:51:24.280 --> 00:51:25.880
on actually, cause you told me you were going to
866
00:51:25.900 --> 00:51:29.079
do some writing and I haven't, you know, look, uh,
867
00:51:29.119 --> 00:51:31.840
I'm not, not complaining. I'll be happy to see it
868
00:51:31.880 --> 00:51:34.739
when I see it, but are you working on anything
869
00:51:34.780 --> 00:51:38.300
currently or should people just, you know, go to wallstreetwindow.com
870
00:51:38.349 --> 00:51:41.510
still sign up for the newsletter, do that, uh, one
871
00:51:41.530 --> 00:51:43.769
way or another, because you'll be able to access your
872
00:51:43.789 --> 00:51:44.989
stuff through the beehive, right?
873
00:51:45.889 --> 00:51:48.510
Yeah. Just go there. They'll get on the newsletter, but
874
00:51:48.530 --> 00:51:53.010
what I'm, what I'm really trying to do is revive
875
00:51:54.050 --> 00:51:58.739
my internet presence by reviving my YouTube channel. I've come
876
00:51:58.760 --> 00:52:02.519
to the idea that websites are dead and YouTube is dead.
877
00:52:03.690 --> 00:52:05.670
The best thing I can use for a replacement to
878
00:52:05.690 --> 00:52:06.329
try to get.
879
00:52:06.650 --> 00:52:09.489
Because you're familiar with it. If you succeed on a platform,
880
00:52:09.530 --> 00:52:11.829
you got to succeed on one of these platforms now,
881
00:52:11.869 --> 00:52:12.389
not your own.
882
00:52:12.409 --> 00:52:13.309
Best stick of one.
883
00:52:13.469 --> 00:52:17.059
Yeah. I mean, and that's probably the best thing is
884
00:52:17.099 --> 00:52:19.559
to streamline it into one place. So people have one
885
00:52:19.619 --> 00:52:21.900
place because people have done this where they've gone everywhere.
886
00:52:22.800 --> 00:52:23.039
Right.
887
00:52:23.780 --> 00:52:25.719
You know, with the audio podcast, I'm going to have
888
00:52:25.739 --> 00:52:27.099
to go into video and I'm going to go on
889
00:52:27.119 --> 00:52:30.340
to rumble. That's where we're going next. But, you know,
890
00:52:30.380 --> 00:52:32.940
but everybody is having to sort of settle onto a
891
00:52:32.980 --> 00:52:36.659
singular platform in order to, uh, you know, be able to,
892
00:52:36.820 --> 00:52:40.730
to streamline some successful audience, um, and then hope they
893
00:52:40.750 --> 00:52:42.590
can get the AI to pay attention to them in
894
00:52:42.610 --> 00:52:46.210
the search results. That's, that's really what the new strategy is.
895
00:52:46.650 --> 00:52:50.269
It seems like I'm trying to focus on that for
896
00:52:50.289 --> 00:52:52.139
the rest of the year, see how I can do that.
897
00:52:52.199 --> 00:52:55.659
And I, and I plan on writing a, a couple
898
00:52:55.679 --> 00:52:59.179
of book, at least one, probably two like book review
899
00:52:59.440 --> 00:53:00.199
type articles.
900
00:53:00.639 --> 00:53:00.980
Okay.
901
00:53:01.039 --> 00:53:03.519
Well, that's books related to the Kennedy assassination.
902
00:53:03.539 --> 00:53:06.059
What about books is what, is what I'm asking.
903
00:53:06.139 --> 00:53:08.960
I'm not, I'm not working on one at the moment. Okay.
904
00:53:09.000 --> 00:53:11.219
So we don't have a plan for an upcoming book,
905
00:53:11.550 --> 00:53:14.750
but you're going to be working through Beehive and, and
906
00:53:14.769 --> 00:53:16.730
you're going to start to put out some articles there,
907
00:53:17.210 --> 00:53:20.510
which we'll gladly either mirror at my site or put out,
908
00:53:20.570 --> 00:53:23.690
you know, along with, and, and put the links, obviously.
909
00:53:23.710 --> 00:53:23.969
Okay.
910
00:53:24.429 --> 00:53:27.050
Uh, we'll do that. And, uh, I definitely want to share,
911
00:53:27.150 --> 00:53:29.800
you know, your stuff as you go, is it going
912
00:53:29.820 --> 00:53:33.179
to be financial based or are you writing about history?
913
00:53:33.400 --> 00:53:34.639
I mean, you know, can you give us a hint
914
00:53:34.679 --> 00:53:38.000
what's coming up in those articles besides the, uh, book reviews?
915
00:53:39.619 --> 00:53:43.570
Oh, I mean, I'm writing a news stock market newsletter
916
00:53:43.730 --> 00:53:48.500
every Sunday, but I plan on writing, uh, Something about
917
00:53:48.519 --> 00:53:51.400
the Kennedy assassination. It would be around a book review,
918
00:53:51.539 --> 00:53:52.699
you know. Okay.
919
00:53:53.920 --> 00:53:56.610
Great. No, I just wanted to let everybody know what
920
00:53:56.619 --> 00:53:59.289
it is you're doing. And, you know, and still they
921
00:53:59.309 --> 00:54:02.489
can go to wallstreetwindow.com and it will take them to
922
00:54:02.989 --> 00:54:04.869
a portal where they can sign up, right?
923
00:54:06.710 --> 00:54:08.329
Yeah, just go right there. Sure.
924
00:54:08.550 --> 00:54:11.190
There you go. So you guys will have that link
925
00:54:11.230 --> 00:54:13.969
in the show notes. That's for sure. Also, I'll give
926
00:54:13.989 --> 00:54:16.099
you a link to the existing books that Mike has
927
00:54:16.139 --> 00:54:19.059
written already. And I do hope that we have some
928
00:54:19.099 --> 00:54:20.940
more in the future. I know not a lot of
929
00:54:20.980 --> 00:54:24.579
you read books, but a couple of my listeners do still, Mike. And,
930
00:54:24.639 --> 00:54:28.250
you know, it's funny. Um, I have a phone conversations
931
00:54:28.289 --> 00:54:31.300
with a couple of them now and then, and, uh,
932
00:54:31.429 --> 00:54:33.150
and they bring up that, you know, they read the
933
00:54:33.190 --> 00:54:36.380
war state, you know, they're really glad that, uh, you know, they,
934
00:54:36.460 --> 00:54:38.539
they heard about it on my show and they got
935
00:54:38.599 --> 00:54:42.280
it and all that kind of stuff. Um, you know,
936
00:54:42.320 --> 00:54:43.719
and would like to see what it is you're going
937
00:54:43.739 --> 00:54:47.739
to do next, you know? Um, so I look for now,
938
00:54:48.000 --> 00:54:51.400
Beehive is the place, but if you go to wallstreetwindow.com
939
00:54:51.579 --> 00:54:54.159
once again, uh, and you'll hear a little ad for
940
00:54:54.179 --> 00:54:56.989
that during our break when I go to get Larry, uh,
941
00:54:57.130 --> 00:54:59.230
you know, that that's how you can sign up and
942
00:54:59.289 --> 00:55:02.429
keep up with Mike. He's got that financial newsletter every Sunday,
943
00:55:02.449 --> 00:55:02.710
he said.
944
00:55:03.900 --> 00:55:05.199
Yeah, that's right, Sundays.
945
00:55:05.320 --> 00:55:09.340
Every Sunday Mike releases that. And, you know, look, a
946
00:55:09.400 --> 00:55:11.719
fountain of information you are, and you write it in
947
00:55:11.760 --> 00:55:16.780
a very digestible and consumable way. I appreciate that because
948
00:55:16.820 --> 00:55:19.739
it's not, you know, overly complex, flying over my head.
949
00:55:20.179 --> 00:55:22.179
There's also not a lot of, like, you know, screaming
950
00:55:22.219 --> 00:55:24.639
and throwing fits like a Gerald Salenti kind of thing.
951
00:55:26.090 --> 00:55:28.590
You know, I actually like that guy and tried to
952
00:55:28.610 --> 00:55:30.329
get him on the show a few times. I thought
953
00:55:30.369 --> 00:55:34.099
about it. Uh, but, uh, but, but honestly, you know,
954
00:55:34.139 --> 00:55:36.530
sometimes with his screaming and yelling and his weirdness, I
955
00:55:36.550 --> 00:55:39.510
can't do it. Um, you know, it's too much. I mean,
956
00:55:39.530 --> 00:55:41.389
it reminds me of the stock market guy that used
957
00:55:41.409 --> 00:55:43.750
to be on TV. We talked about, is he still
958
00:55:43.829 --> 00:55:44.809
on TV by the way?
959
00:55:44.849 --> 00:55:47.309
Yeah. Yeah. He won't stop. You're kidding.
960
00:55:47.610 --> 00:55:50.130
Is he still, Oh my God. Kramer. Does he still
961
00:55:50.150 --> 00:55:52.070
have like the sound effects and the crazy bell?
962
00:55:52.150 --> 00:55:52.469
Yeah.
963
00:55:53.570 --> 00:55:56.190
Oh, wow. What does he got? Like three viewers left?
964
00:55:56.269 --> 00:56:01.190
I mean, I don't know. Uh, Is he big anymore?
965
00:56:01.210 --> 00:56:02.050
I mean, because he was huge.
966
00:56:02.070 --> 00:56:04.510
I'm going to ask by Google and see what it says.
967
00:56:04.530 --> 00:56:06.929
Yeah, ask the AI if he's big anymore. Because I
968
00:56:06.949 --> 00:56:09.469
don't know. Nobody seems to be talking about him. And
969
00:56:09.530 --> 00:56:12.150
I wasn't even aware if he was still doing it. So,
970
00:56:12.329 --> 00:56:15.769
you know, nobody's playing clips of it. Not even last
971
00:56:15.809 --> 00:56:17.530
week tonight, which is an HBO show.
972
00:56:18.010 --> 00:56:20.360
Yeah, he gets like 100,000 viewers a day.
973
00:56:20.969 --> 00:56:22.960
Well, hey, doing a lot better than me. What can
974
00:56:23.000 --> 00:56:26.090
I say? But it's crazy, man.
975
00:56:27.170 --> 00:56:29.780
Back in his peak, though, it was a million.
976
00:56:31.639 --> 00:56:34.159
Well, look, and the Internet made him smaller, and it
977
00:56:34.199 --> 00:56:36.300
made a lot of other things larger. And we talked
978
00:56:36.340 --> 00:56:38.119
about that earlier in the show if you missed it.
979
00:56:38.179 --> 00:56:41.730
So go ahead and rewind the podcast. Anyway, Mike, I'm
980
00:56:41.750 --> 00:56:43.110
going to let you go so I can go grab
981
00:56:43.150 --> 00:56:43.909
Larry Hancock.
982
00:56:43.969 --> 00:56:47.030
Great. Okay. I always like to hear from him.
983
00:56:47.489 --> 00:56:50.780
I really want to have you back again soon. And
984
00:56:51.059 --> 00:56:53.719
maybe we'll have even more questions about the, you know,
985
00:56:53.780 --> 00:56:57.969
circumstances we're all finding ourselves in. You know, I'm trying
986
00:56:57.989 --> 00:57:00.190
to just survive on a day to day basis. And
987
00:57:00.230 --> 00:57:01.869
I didn't even get to talk to you about energy
988
00:57:01.909 --> 00:57:05.809
costs because those things are spiking up all over the place.
989
00:57:05.849 --> 00:57:09.019
And I don't just mean gas and fuel. You know,
990
00:57:09.059 --> 00:57:10.880
what the hell, man? I don't know what your electric
991
00:57:10.920 --> 00:57:14.480
bill looks like, but mine is more than doubled. And
992
00:57:14.619 --> 00:57:17.849
everybody I talk to is going, yeah, it's outlandish what
993
00:57:17.869 --> 00:57:20.250
we're being charged. And it's not just because it's hot
994
00:57:20.369 --> 00:57:24.489
in the southeast either. We're getting killed on our electric bills,
995
00:57:24.650 --> 00:57:27.849
on our water bills now. And it's just all of
996
00:57:27.909 --> 00:57:30.159
these things are piling up and getting larger. And the
997
00:57:30.199 --> 00:57:33.480
cost to be alive is just larger, seems like on
998
00:57:33.519 --> 00:57:36.400
a weekly basis. So, oh, wait a minute. You mentioned
999
00:57:36.440 --> 00:57:41.690
that the inflationary wave. I like that phrase because that's
1000
00:57:41.730 --> 00:57:43.730
what it's like. We're riding a wave. It's like we're
1001
00:57:43.789 --> 00:57:48.269
boogie boarding through the inflationary wave here. And it kind
1002
00:57:48.289 --> 00:57:52.010
of sucks, to be honest with you. But here we are, Mike.
1003
00:57:52.050 --> 00:57:53.550
Anything you want to say in closing?
1004
00:57:54.610 --> 00:57:59.360
All we can do is just hang in there. I mean, it's... Well,
1005
00:57:59.460 --> 00:58:00.000
there you go.
1006
00:58:00.500 --> 00:58:03.460
Anyway, guys, Larry Hancock coming up next on the live.
1007
00:58:03.659 --> 00:58:05.840
And of course, if you're in podcast form, you'll have
1008
00:58:05.860 --> 00:58:09.559
to go get the next podcast with Larry. But Michael Swanson,
1009
00:58:09.639 --> 00:58:13.010
once again, author, you know, brilliant guy when it comes
1010
00:58:13.050 --> 00:58:15.550
to financial stuff. And I'm glad that he speaks in
1011
00:58:15.590 --> 00:58:17.550
a plain language. This way I can ask him a
1012
00:58:17.570 --> 00:58:19.789
question and know what the hell he just said. So,
1013
00:58:19.869 --> 00:58:21.510
you know, and not get lost in the minutiae.
1014
00:58:41.820 --> 00:59:02.289
We'll be right back.
1015
00:59:14.730 --> 00:59:16.690
The views expressed by callers, tools, or anyone else who
1016
00:59:16.710 --> 00:59:18.449
happens to get on the air at Ocelli.com do not
1017
00:59:18.469 --> 00:59:21.639
necessarily reflect the views of Ocelli.com or Chuck Ocelli, and
1018
00:59:21.659 --> 00:59:24.059
we are not responsible for any stupidity which might ensue.
1019
00:59:24.159 --> 00:59:24.639
Thank you.
1020
00:59:24.659 --> 00:59:30.289
Ocelli.com In Denial of Secret Wars with Airstrikes and Tanks
1021
00:59:30.809 --> 00:59:32.469
by Larry Hancock.
1022
00:59:32.809 --> 00:59:36.389
Secret wars became a staple of U.S. covert operations and
1023
00:59:36.429 --> 00:59:40.469
are still happening today. Larry Hancock's book, In Denial, rips
1024
00:59:40.670 --> 00:59:41.409
the cover.
1025
00:59:41.230 --> 00:59:42.090
Off many of them.
1026
00:59:42.409 --> 00:59:45.030
Using new files, it exposes things about the Bay of
1027
00:59:45.070 --> 00:59:48.070
Pigs that no one has ever written about before. It
1028
00:59:48.150 --> 00:59:50.889
shows why it really failed and why the United States
1029
00:59:50.969 --> 00:59:53.739
did not learn from it. It also shows why other
1030
00:59:53.760 --> 00:59:57.960
countries today are doing secret operations with more success. This
1031
00:59:58.039 --> 01:00:00.440
is the book that puts what some want.
1032
01:00:00.260 --> 01:00:02.059
To deny into the light.
1033
01:00:02.440 --> 01:00:07.519
In denial, secret wars with airstrikes and tanks. Larry Hancock.
1034
01:00:08.699 --> 01:00:13.420
For more information, go to Larry-Hancock.com. Pick up your copy
1035
01:00:13.480 --> 01:00:17.500
of In Denial at Amazon.com in digital or physical form.
1036
01:00:17.519 --> 01:00:20.639
Do you like history, real history, that you were never
1037
01:00:20.739 --> 01:00:25.190
taught in schools? Why? The Vietnam War, nuclear bombs and
1038
01:00:25.309 --> 01:00:29.429
nation building in Southeast Asia by author Mike Swanson with
1039
01:00:29.530 --> 01:00:33.690
new documentation never seen before that will open your eyes
1040
01:00:33.789 --> 01:00:37.449
to events that led up to this. Why? The Vietnam War,
1041
01:00:37.730 --> 01:00:45.110
Nuclear Bombs and Nation Building in Southeast Asia, 1945 through 1961.
1042
01:00:45.110 --> 01:00:48.300
Get your copy today at Amazon.com.
1043
01:00:48.619 --> 01:00:48.940
Why?
1044
01:00:49.179 --> 01:00:56.420
The Vietnam War by author Mike Swanson.
1045
01:00:56.599 --> 01:01:03.480
WallStreetWindow.com Michael Swanson, the brilliant author of The War State,
1046
01:01:03.519 --> 01:01:07.199
gives you the benefit of his knowledge. Wall Street.
1
00:00:00.050 --> 00:00:06.110
The Ocelli Effect is sponsored by WallStreetWindow.com and listeners like you.
2
00:00:07.129 --> 00:00:13.660
And now, the most underrated voice.
3
00:00:12.380 --> 00:00:17.179
In all media, Chuck Ocelli. September 23, 2026, allegedly, according
4
00:00:17.219 --> 00:00:20.460
to that thing we call a calendar. This, the Ocelli Effect,
5
00:00:20.579 --> 00:00:22.559
you hearing it, and, you know, if you're on the
6
00:00:22.620 --> 00:00:26.730
live stream, and it happens to be... uh, Wooden's day, Wednesday,
7
00:00:26.789 --> 00:00:28.750
middle of the week and all that good stuff. And
8
00:00:28.789 --> 00:00:31.519
it's just after 8 PM Eastern. You're hearing a live
9
00:00:31.539 --> 00:00:33.420
show at an odd time. Cause I got a double
10
00:00:33.460 --> 00:00:36.840
header today. Uh, I've got Mike Swanson who has not
11
00:00:36.880 --> 00:00:38.359
been on the show in quite a while, but I've
12
00:00:38.399 --> 00:00:41.520
had a lot of requests for him. And, uh, specifically
13
00:00:41.600 --> 00:00:43.399
I have one listener who sent me a whole bunch
14
00:00:43.420 --> 00:00:46.579
of questions. Another listener asked a couple of questions. So
15
00:00:46.600 --> 00:00:49.740
I'm going to combine that into the discussion. Mike Swanson,
16
00:00:49.759 --> 00:00:52.840
the author of the war state, why the Vietnam war, uh,
17
00:00:53.020 --> 00:00:55.310
also a couple of other books. You can check them
18
00:00:55.390 --> 00:00:58.259
out on the Amazon page and all that. And, uh,
19
00:00:58.390 --> 00:01:00.969
maybe I'll give you new links to Mike stuff because, uh,
20
00:01:01.890 --> 00:01:05.280
When you sign up for the newsletter at wallstreetwindow.com, the
21
00:01:05.319 --> 00:01:08.150
website is no longer there. Mike is in a bit
22
00:01:08.170 --> 00:01:10.510
of a transitional period. He'll probably tell you about that.
23
00:01:11.430 --> 00:01:14.000
And the second hour, although we'll probably split it into
24
00:01:14.030 --> 00:01:16.959
two podcasts, Larry Hancock will be on to give us
25
00:01:17.019 --> 00:01:20.420
an update on some of his work. And tonight's feature
26
00:01:20.439 --> 00:01:23.500
is going to be UAPs. So, you know, you never
27
00:01:23.519 --> 00:01:25.340
know what we're doing with Larry, but it'll be something
28
00:01:25.420 --> 00:01:29.370
current and something of interest. Anyway, before we get there,
29
00:01:29.489 --> 00:01:32.310
Mike Swanson, how you doing, man? It's been a while.
30
00:01:32.370 --> 00:01:32.890
How's it going?
31
00:01:33.680 --> 00:01:37.879
Oh, I'm doing good. Yeah, I think it's been probably,
32
00:01:38.390 --> 00:01:40.219
I don't know when we did the last show, but
33
00:01:40.890 --> 00:01:45.230
two years ago, I really took a break right before
34
00:01:45.250 --> 00:01:49.709
the Trump-Biden debate, where Biden appeared to be out of
35
00:01:49.769 --> 00:01:53.209
it and senile. I just decided to take a step
36
00:01:53.269 --> 00:01:57.439
back from the social media world. I've had a bad
37
00:01:57.540 --> 00:02:00.909
feeling about things and things will get worse no matter
38
00:02:00.969 --> 00:02:04.430
which it is. Two people won and I didn't know
39
00:02:04.469 --> 00:02:07.269
exactly what was going to happen, but I think we're
40
00:02:07.310 --> 00:02:12.669
in that situation now. So that's the way that's one
41
00:02:12.710 --> 00:02:14.250
reason that kind of took a break. The other, I
42
00:02:14.830 --> 00:02:18.009
knew that my website, which you referenced, was going to
43
00:02:18.030 --> 00:02:22.000
be in big trouble. Because around the same time, this
44
00:02:22.659 --> 00:02:26.800
AI business was emerging and it became clear to me
45
00:02:26.919 --> 00:02:30.729
that it was going to be a weapon deployed by
46
00:02:31.090 --> 00:02:35.530
Google and the other big tech companies to steal content
47
00:02:35.770 --> 00:02:41.330
by people who write, report, have websites, etc. and use
48
00:02:41.349 --> 00:02:45.009
it as their own so they could port all the
49
00:02:45.030 --> 00:02:48.960
traffic and make all the ad revenue. And that's what's happened.
50
00:02:49.080 --> 00:02:52.360
Ad revenue for independent websites, if you want to call
51
00:02:52.379 --> 00:02:57.379
them that, just websites across the board, has collapsed. Well,
52
00:02:57.400 --> 00:02:58.500
they crushed. Yeah.
53
00:02:58.560 --> 00:03:01.389
Now, Mike, they crushed revenue in a way. And you
54
00:03:01.409 --> 00:03:03.569
started talking about this on the show before you stopped
55
00:03:03.590 --> 00:03:06.699
coming on the show. They crushed ad revenue in a
56
00:03:06.719 --> 00:03:09.979
way because now you're dealing with an AI. And what
57
00:03:10.039 --> 00:03:12.969
is the AI sourcing? Actually, the website. So it's kind
58
00:03:13.000 --> 00:03:17.169
of funny. It's almost self-defeating because I can literally go
59
00:03:17.210 --> 00:03:19.830
and figure out what website this thing is answering me
60
00:03:19.870 --> 00:03:23.169
as if I'm having a conversation, the chatbot, right? And
61
00:03:23.389 --> 00:03:25.310
or even if I do an Internet search now, the
62
00:03:25.349 --> 00:03:27.569
first thing that comes up on any of these engines
63
00:03:27.770 --> 00:03:31.449
is what the AI response. And they draw from all
64
00:03:31.509 --> 00:03:35.360
sorts of Internet sources to give you, you know, supposedly
65
00:03:35.400 --> 00:03:37.349
the right information when you're looking for it.
66
00:03:37.379 --> 00:03:37.580
Right.
67
00:03:38.139 --> 00:03:40.659
And if you argue with them a little, they actually
68
00:03:40.699 --> 00:03:43.340
change their mind a bit. Like if you force them
69
00:03:43.759 --> 00:03:46.620
to look past the first search, you know, but it's
70
00:03:46.659 --> 00:03:50.129
almost like you've got a middleman on your search now. Um,
71
00:03:50.289 --> 00:03:53.469
and it's the AI, which isn't as bright as people
72
00:03:53.509 --> 00:03:55.150
think it is. You know, some people are like, oh
73
00:03:55.169 --> 00:03:57.030
my God, it's going to destroy the world. Not yet.
74
00:03:57.629 --> 00:04:00.349
We're not in the Terminator universe, but I think it
75
00:04:00.389 --> 00:04:04.150
does suck because yeah, it makes it so that, you know,
76
00:04:04.210 --> 00:04:06.930
somebody who wants to search, right. Used to be, you
77
00:04:06.949 --> 00:04:09.659
could put out your keywords. If you wrote about certain
78
00:04:09.699 --> 00:04:12.280
things and you tagged it, right. People would come to
79
00:04:12.319 --> 00:04:14.939
your site naturally because they would find it because they
80
00:04:14.960 --> 00:04:18.699
were in search of, especially with you, financial information, right.
81
00:04:19.449 --> 00:04:22.560
And all of that has now changed. The whole paradigm
82
00:04:22.600 --> 00:04:26.199
has shifted. And like, I don't know if I need
83
00:04:26.279 --> 00:04:29.620
a website for my podcast anymore, but if I don't
84
00:04:29.680 --> 00:04:33.160
have it, then I've got zero presence. And that's the
85
00:04:33.199 --> 00:04:35.480
other thing. Who's got a presence on the internet now,
86
00:04:35.800 --> 00:04:39.199
unless you're on social media, which is not exactly the
87
00:04:39.250 --> 00:04:43.230
same thing as an independent information site. Although people think
88
00:04:43.290 --> 00:04:45.689
it is for some reason, I get my news from Facebook.
89
00:04:45.750 --> 00:04:48.600
I get it from People are still doing that, Mike.
90
00:04:48.879 --> 00:04:52.490
They're getting their news from there, which, again, is another middleman.
91
00:04:53.230 --> 00:04:55.870
So it's like the different middlemen have almost taken over
92
00:04:55.889 --> 00:04:59.730
the whole business of information exchange, wouldn't you say?
93
00:05:00.850 --> 00:05:04.540
Yeah, and I could see it coming, like I said,
94
00:05:04.579 --> 00:05:07.379
two years ago, and I didn't know what to do
95
00:05:07.459 --> 00:05:11.019
about it myself. So for the past two years, I've
96
00:05:11.060 --> 00:05:15.259
really done less and less and less. I just sent
97
00:05:15.379 --> 00:05:19.740
out my newsletter once a week via email. But I
98
00:05:19.779 --> 00:05:24.230
took down my website just six weeks ago, and no
99
00:05:24.290 --> 00:05:28.569
one even noticed it. So no one sent me an email.
100
00:05:28.910 --> 00:05:31.449
I was about to ask you, did anybody notice? And
101
00:05:31.529 --> 00:05:34.550
not to insult you, just a matter of does anybody
102
00:05:34.610 --> 00:05:36.529
notice when a website disappears now?
103
00:05:36.670 --> 00:05:38.670
No, that just tells you. I mean, if you took
104
00:05:38.709 --> 00:05:41.209
yours down, no one would probably the same thing would happen.
105
00:05:41.250 --> 00:05:44.269
But as you said, you need some sort of presence.
106
00:05:44.329 --> 00:05:47.129
So What I've done is I've moved the domain name
107
00:05:47.870 --> 00:05:51.480
to something similar to Substack. It's called Beehive. It's a
108
00:05:51.509 --> 00:05:53.639
similar thing.
109
00:05:54.000 --> 00:05:56.620
That's cool, too. Now, I need to ask you something
110
00:05:56.860 --> 00:06:00.439
before I get into the listener things that they want
111
00:06:00.459 --> 00:06:03.500
you to comment about. Because you and I have talked
112
00:06:03.519 --> 00:06:05.420
this whole time over the two years. It's not like
113
00:06:05.459 --> 00:06:07.839
I wasn't talking to Mike. But we didn't do it
114
00:06:07.879 --> 00:06:11.199
in public. So I'm just letting the listeners know. uh, that,
115
00:06:11.319 --> 00:06:13.959
you know, Mike and I are still in touch and, uh,
116
00:06:14.029 --> 00:06:16.870
and he's still a supporter of what it is I'm doing. Uh,
117
00:06:17.009 --> 00:06:22.170
but you know, again, he's watching my transition happen too. Um, but,
118
00:06:22.250 --> 00:06:24.129
but here's the thing, Mike, I got a question for
119
00:06:24.149 --> 00:06:26.850
you and it's a big one because over time here,
120
00:06:26.970 --> 00:06:28.730
I've heard you say over and over again, I really
121
00:06:28.769 --> 00:06:31.060
don't want to talk to people on the internet. Now,
122
00:06:32.019 --> 00:06:35.060
is it because you can't reach them like you used to,
123
00:06:35.079 --> 00:06:39.589
or is Is it because of the toxic political environment
124
00:06:39.730 --> 00:06:44.529
in the English-speaking and especially the American sector of the internet?
125
00:06:45.110 --> 00:06:48.250
Is it because of the toxicity that exists because of
126
00:06:48.290 --> 00:06:52.439
the politics, or is it because of the new information
127
00:06:52.500 --> 00:06:55.199
exchange and the AI middlemen that are on everything? I mean,
128
00:06:55.279 --> 00:06:58.180
what is it? That sort of made you kind of
129
00:06:58.240 --> 00:07:00.620
not want to come on the show anymore. Not really.
130
00:07:00.680 --> 00:07:03.550
You weren't doing your own videos much anymore. I mean,
131
00:07:03.569 --> 00:07:07.370
YouTube sucks. That's another issue. And so to all these
132
00:07:07.389 --> 00:07:11.480
video platforms, even though. Do you realize that YouTube actually,
133
00:07:12.379 --> 00:07:15.519
per day, there is 80 years worth of video uploaded
134
00:07:15.560 --> 00:07:17.600
to YouTube per day? Did you know that?
135
00:07:17.620 --> 00:07:20.410
Wow, it's crazy. It's crazy. It would be.
136
00:07:20.379 --> 00:07:23.790
Impossible for you to watch Wednesday's videos if you started
137
00:07:23.829 --> 00:07:25.490
the day you were born and you didn't live to
138
00:07:25.790 --> 00:07:29.050
at least be 80. Like time wise, if you watched
139
00:07:29.089 --> 00:07:31.569
it in real time because of the weird stuff. And
140
00:07:31.589 --> 00:07:33.889
there is all sorts of dark web things going on
141
00:07:34.189 --> 00:07:37.490
on YouTube while they're policing it and doing all kinds
142
00:07:37.529 --> 00:07:40.569
of weird things like changing the language where now you
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have to use words like unalived instead of murdered or,
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you know, like they have a whole language police on
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there and everything. And there are people making a living
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and I don't begrudge them. I couldn't do it, though,
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and clearly I couldn't because I was banned from YouTube.
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The Ocelli Effect is not allowed to reestablish itself on
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the GooTube, okay? But anyway, this is a side issue.
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Is it because of the toxicity in the general public
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that caused you to want to get away from it?
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Because even when you're trying to give financial information to people,
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they turn it into politics? Or is it literally the
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mechanisms because of the AI middlemen and this weird paradigm
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shift where, you know, hey, don't bother creating independent stuff
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unless you're going to have subscribers and you're going to
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use particular platforms that you're relegated to? Is it that?
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Or is it that you just got fed up with
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the weird political responses? Like if you gave negative financial information,
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people probably started screaming at you that you were a
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Democrat if Trump was in power because you don't want
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to make Trump look good because you're a jerk and
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this and that. Was it that or was it just
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the way that the Internet has changed? Which one caused
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you to say, I kind of don't want to talk
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to people anymore?
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Well, it's both. They're both related. Because before the AI,
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I saw this in the financial space. Right. And it happened,
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I believe, simultaneously as the politics. They both changed. But
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in the financial world, I've been doing this since 1999.
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I had my first website. And back then, people read books.
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They were like, I want to learn about investing or whatever.
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They would go to the bookstore and they'd read books
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about it. And they would subscribe to a couple of newsletters.
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And this is before Facebook and social media, so to speak, existed.
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was even around, before YouTube was around.
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Right, and they'd even go to seminars in person sometimes.
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Yeah, they'd go to seminars. That's right. Right, right. But
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I actually built an email, a big email list by
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running advertisements that said, learn about stock trading. Right. And
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people would click and subscribe with that advertisement. Well, as
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time went on, at some point... that ad probably was
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successful for 10 years and at some point it stopped
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being responsive and around with the financial space the change
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there are two changes one was the rise of social
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media and YouTube.
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Right.
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Which was ironic because I was a big beneficiary from
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YouTube when it first hit the scene before Google bought it. Right.
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Because I saw it appear in 2006. And I was
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already doing audio podcasts about investing occasionally. Right. And I
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wasn't really talking about politics and all that kind of
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stuff at all. But anyway... When YouTube first was a website,
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the first year of it, I was fascinated by looking
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at people trying to be YouTubers and so forth. And
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it was a completely different platform than what you experience now. Absolutely.
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And I put up a couple videos selling stock market information,
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just a couple. And hardly anyone else was doing that.
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in the stock market world. So I was literally one
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of the first people using video. And because of that,
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for a year to my website, my subscriptions completely boomed.
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And then a couple years go by, and by the
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time people are able to put videos on Facebook... This
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all changed and everyone was doing it. So I became
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a nobody again because I wasn't able in the financial
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world as far as selling stuff because I wasn't able
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to compete. They were unwilling to compete with what the
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people were saying.
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Well, you gave information. They had YouTube stars, number one.
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Number two, you have the rise of the internet trading,
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which at one time was like they called it day
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trading and people did it online. And I forget what
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they went. There were certain websites that were booming online.
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with this. But then, uh, in recent years, we have
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the app based trading stuff, which of course Robin hood
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was the, uh, was probably the primary beneficiary of that.
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And that gave access to a lot of people to
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gamble in the stock market on fractional things. Uh, like
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I know a guy who owns like three shares of
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the Braves, literally the Atlanta Braves, right. And stuff like this.
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So people were out there making these like micro trades, uh,
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And stuff like that. And then, of course, Bitcoin and
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all that trading started happening. So, I mean, is this
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just a confluence of the digital world also coming together
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and sort of conspiring against real information and thinking for
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yourself or what?
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Well, it's... So, before that all happened, a guy appeared
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on the scene on Facebook in the stock market world.
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And he said.
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He claimed– I'm not going to say his name, but
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he said he was a schoolteacher and he became a
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millionaire through stock trading. Right. And he would fly around
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in jets, a private jet, and tell you he bought
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the private jet or he's renting it and he's got
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physical dollars with him and you can get rich if
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you follow his stuff. Right. And– I wasn't willing to
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make those claims, much less fly around in airplanes. So
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people like that knocked people like me out of it.
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I couldn't compete with them. Now, he ended up getting
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charged by the FTC for making a lot of these
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claims up completely. And a lot of these people did that.
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And these type of people appeared in real estate, in
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so-called internet marketing companies. And these people are precursors to
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the crypto world. So by 2017, Bitcoin exploded and crypto exploded.
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And in the financial world, that changed the messaging from
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someone saying, well, I'm rich. I'm flying around on an airplane.
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I can teach you to be like me. And he
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wasn't the only one. To now saying... Bitcoin is going
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to a million. Buy Bitcoin. You'll make a million. Get
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my book, and I'm going to tell you why you
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should believe in it, essentially.
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Well, there's that, and then there's the, look, if you
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start with $ 50 and you're 50 years old, we can
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make you retire.
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In five years.
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And they have all these magic bullet formulas, right? There
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used to be a real estate guy that was on
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all over the country. It was like an Asian dude.
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that would come on and go, why are you so stupid?
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You're being lazy. I buy houses. I flip them. This guy,
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I can't remember his name.
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But he's, you know, I'm talking about that guy. Yeah.
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So, I mean, but that's just like the graduate part
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of that stuff. Okay. But then also we live in
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the age of Elon Musk who could get away with
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making some interesting statements about his stocks and stuff.
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What I think happened though is, Elon starts to get
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big around 2017, gets bigger. Right. But I really think
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the other things were going on. I'm just saying I
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saw it with Bitcoin. And I think the same story
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happened across the board all over the place. But what happened,
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in my view, is you had a niche. It's called
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the financial media. You had Bitcoin come up. And this
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really isn't traded by Bitcoin. It's just the instrument. Bitcoin
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appears on the scene. It's the way people talked about it. Right.
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And there's already a super hot trend that disappeared in
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between the time we last spoke. And now we're speaking today.
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You hear anybody talking about NFTs anymore?
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Nope. But that, that was a, again, that that's, that
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comes after this. What happened in 20, in the 2017, 16, 18,
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somewhere in that period. Yeah. Is that it's not simply
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that these people are making these claims that of getting
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rich quick, whatever it could be, whatever the instrument. But
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I'm just talking about Bitcoin as the example. It's that
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the internet algorithms became more dominant in pushing out content
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and ads. And they saw that this type of messaging was,
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the most views, the most clicks, the most time watching videos,
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the most ad revenue, and fed it more and more
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and more to people. So it wasn't simply that there's
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some guy that wants to believe it somewhere, but now
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it came to dominate the entire ecosystem of the financial
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media to the point where anyone who got into When
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I got started, I entered a book. I went in
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a bookstore. I bought books. Now people get on the Internet.
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By 2017, 2018, they get on the Internet, and what
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do they see in their Facebook feed? Ad after ad
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after ad of people telling them they can get rich quick.
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They don't have to do any work. They don't have
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to think. They don't have to do anything. They can
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get rich quick. They believed it. They believed it. It
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changed their brains and the way they viewed things. the
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finance and how they can participate, but that same process.
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And it's all been done now digitally because look, there's
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everything from I'll build you an internet store with products.
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You don't even have to keep them and you'll just
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run an internet store and make money. You know, I'll
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build it for you for free. You know why? Because
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this company over here that actually processes the credit cards
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is willing to pay me to build you a site.
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That guy.
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But you could say that this type of messaging is
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based on pure emotion.
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Yeah.
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It's playing on people's pure greed, telling them they don't
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even have to think or work, basically.
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Well, it's emotion and desperation, too. Don't forget desperation. Because, look,
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somebody who's sitting there trying to earn a living and
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can't make ends meet is sitting there going, wait, all
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I got to do is sit at home and do
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this thing? And I got it or I can work
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through the app. But the truth is there's a new
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slave labor market that's coming through the app system now
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to where there is physical labor that's being dictated to
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and handled by the apps. I don't know if you
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know about that, but there's all sorts of temp work
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and everything else where basically your boss is an app.
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where you have to report back to it. And I mean,
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and the AI is in charge of you, believe it
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or not, there's an AI running most of the stuff
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until something goes wrong. Then they got to bring a
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person in when you don't get paid for a shift
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or whatever. And I've watched this process emerge as well.
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So there is once again, a class system around all
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this stuff, but Hey, look, if you want to get
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out of all that, you can come over here and
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use other apps to just get rich quick. uh, one
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way or another. And it's just, it's one casino or another,
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and you might as well be sitting there playing candy crush,
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except guess what? Real money. Um, you know, it's too much. And, um,
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and most of it is, you know, it has opened
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up a whole new genre of fraud because some people
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go and do work or do stuff for some of
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these apps or whatever, and then they get cheated out
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of their money. They don't get paid. And they've done stuff.
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Even there's been some money laundering that's gone on, which
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some of the– everybody's hush-hush about this when it comes
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to PayPal and everything else. where they've turned around and
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had to accept that, look, some of their platforms and
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some of their monetary exchange systems are now being used
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to defraud people, either to cheat them out of labor
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where they did labor and then the app doesn't pay them, or,
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you know, they get some sort of promise and they
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actually end up laundering something else. Even stolen goods being
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mailed in chain letters of sorts has gone on through
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these apps. So, I mean, there's all sorts of criminality,
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brand new cybercrimes happening. And by the way, do you
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see the FBI talking about any of that?
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Nope.
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They're still worried about voter fraud. They're still worried about,
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you know, the child trafficking. And meanwhile, there's massive, massive
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defrauding of people and cheating of people out of money
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and cheating of people out of their time, their energy
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and their hopes and dreams through the app systems. I mean,
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it's insane, Mike. I mean, I don't know. I'm going
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to try and sell baseball cards on whatnot, but that's
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just an auction system, and you either make your money
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or you don't. It's not the end of the world,
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and it's not something where you're going to get cheated,
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at least not today. I mean, who knows? Maybe somebody
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new will buy it and hijack it, but for now—
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And eBay is trying to emulate it, and now X
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is trying to come up with their version of it.
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And that's another weird thing, is these platforms are now
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becoming interchangeable, right? They do everything. So Facebook has a
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phone line for you. Facebook has a messaging system for you.
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Facebook has an employment situation for you. Facebook has a
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community gathering point so you can inform people about events
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in your community. All of that stuff is now coming together. Plus, oh,
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by the way, you want to run your podcast? You
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can just have it on X or you can just
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have it on Facebook or whatever else, right? So every
382
00:21:48.119 --> 00:21:51.279
platform is like taking on all these different aspects. Now
383
00:21:51.339 --> 00:21:54.380
it's video conferencing. It's, you know, hey, pay for this
384
00:21:54.440 --> 00:21:56.559
and you get this special thing and all of this
385
00:21:56.740 --> 00:22:00.660
a la carte participation on these different social media sites
386
00:22:01.240 --> 00:22:05.789
becoming everything else, right? And it's getting weird. I got
387
00:22:05.829 --> 00:22:09.390
to tell you, it's like everything is becoming everything, which
388
00:22:09.910 --> 00:22:12.230
is very odd. Anyway, I wanted to get to these
389
00:22:12.250 --> 00:22:15.450
questions from a listener because we've already killed almost half
390
00:22:15.509 --> 00:22:17.910
the time I want to talk to you just on
391
00:22:17.950 --> 00:22:21.619
this basic transition. Sorry about that. Somebody just went by
392
00:22:21.640 --> 00:22:24.480
with a loud motorcycle or something. You might have heard
393
00:22:24.519 --> 00:22:24.960
that guy.
394
00:22:25.000 --> 00:22:25.259
Sorry.
395
00:22:26.380 --> 00:22:29.730
Anyways. Let's get to that because this is about the
396
00:22:29.789 --> 00:22:32.170
financial stuff, and this is your expertise. This is what
397
00:22:32.289 --> 00:22:34.529
everybody has been telling me to bring you back for.
398
00:22:34.890 --> 00:22:37.250
Do you mind if we go into that, Mike? Oh, sure.
399
00:22:37.809 --> 00:22:39.269
All right. Let me pull it up just to make
400
00:22:39.309 --> 00:22:41.750
sure because I want to make sure I got his
401
00:22:41.789 --> 00:22:43.859
notes right because he wants your comments on these things
402
00:22:43.880 --> 00:22:47.079
because these are current conditions. And I would like to
403
00:22:47.099 --> 00:22:50.859
hear his insight and opinions, especially based on his experience
404
00:22:50.900 --> 00:22:55.240
in the financial world, about the following. The 10-year Treasury
405
00:22:55.299 --> 00:23:00.569
yield is trading near or over 5%. It's the highest
406
00:23:00.630 --> 00:23:05.329
level since July 2007. Gas prices at $ 4.
407
00:23:04.690 --> 00:23:05.009
44.
408
00:23:05.009 --> 00:23:09.970
Diesel above $ 6 per gallon. That's national average. Of course,
409
00:23:10.029 --> 00:23:13.329
gas is over $ 6 in California, et cetera, blah, blah.
410
00:23:13.349 --> 00:23:17.490
Don't get me started. Anyway, global shipping costs have skyrocketed
411
00:23:17.509 --> 00:23:21.539
due to traditional shipping. Lanes have been closed.
412
00:23:21.690 --> 00:23:21.890
Okay.
413
00:23:22.670 --> 00:23:26.730
So those three conditions right now are causing us to
414
00:23:26.789 --> 00:23:27.630
see what, Mike?
415
00:23:29.829 --> 00:23:30.029
Huh?
416
00:23:32.069 --> 00:23:32.369
Sorry.
417
00:23:33.289 --> 00:23:34.509
What's the question? Okay.
418
00:23:34.789 --> 00:23:38.670
The 10-year treasury yield is trading near or over five.
419
00:23:39.190 --> 00:23:41.009
Yeah. I don't understand what they're asking.
420
00:23:41.869 --> 00:23:44.250
They want you to just basically comment on these things
421
00:23:44.470 --> 00:23:48.450
and tell us what this means for the future, actually.
422
00:23:49.210 --> 00:23:52.359
Where are we going? You know, I mean, he also
423
00:23:52.400 --> 00:23:56.339
mentioned Secretary Bassett is robbing Peter to pay Paul with bonds.
424
00:23:58.039 --> 00:24:01.160
What else is being missed or covered to be concerned
425
00:24:01.200 --> 00:24:02.720
with regarding this?
426
00:24:05.700 --> 00:24:09.660
I'm still not sure why this is happening. Yeah.
427
00:24:09.779 --> 00:24:11.589
Like, why is this happening and what does it mean
428
00:24:11.609 --> 00:24:12.569
for the future? Yeah.
429
00:24:16.009 --> 00:24:20.950
Well, I mean, obviously. I mean, OK, let me see.
430
00:24:21.450 --> 00:24:23.289
You're talking about bonds.
431
00:24:24.230 --> 00:24:26.109
Well, one of them is, yeah, because he says the
432
00:24:26.109 --> 00:24:29.150
10 year treasury yield is trading near over 5 percent,
433
00:24:29.910 --> 00:24:34.470
which is the highest level since July 2007. And I guess.
434
00:24:34.349 --> 00:24:36.609
Related to that— It made new high today.
435
00:24:37.130 --> 00:24:40.210
Yeah, there you go. And, you know, so what does
436
00:24:40.230 --> 00:24:42.930
this mean at this time? Or, you know, does this
437
00:24:43.190 --> 00:24:46.750
signal greater financial trouble in the future? Or are we
438
00:24:46.789 --> 00:24:48.990
looking— you know, what are we looking at in the next, say,
439
00:24:49.049 --> 00:24:50.990
six months to a year, do you think?
440
00:24:52.730 --> 00:24:56.450
Well, first of all, there's the— I' ll talk about the bonds
441
00:24:56.490 --> 00:24:59.390
in a second. I mean, the most obvious thing happening
442
00:24:59.470 --> 00:25:04.180
is the war with Iran that Trump launched in you know,
443
00:25:04.779 --> 00:25:08.309
back at the end of early March, late February, and
444
00:25:08.329 --> 00:25:12.109
the Strait of Hormuz is closed. So that's making oil
445
00:25:12.170 --> 00:25:14.849
go up, making the shipping costs go up and making
446
00:25:14.890 --> 00:25:17.809
the cost of everything go up. Now, where I live,
447
00:25:18.990 --> 00:25:23.630
we have, I mean, this is hard to believe, but
448
00:25:25.089 --> 00:25:28.940
Trump won by 60 points, 60% of the vote. The
449
00:25:28.980 --> 00:25:32.390
last time he ran for president, And I've got a
450
00:25:32.430 --> 00:25:36.369
lot of friends, you know, that really, really like Trump
451
00:25:36.410 --> 00:25:39.819
quite a lot. Like, you could say fans of his.
452
00:25:39.960 --> 00:25:49.359
But I was told by someone pretty well connected that
453
00:25:50.369 --> 00:25:55.089
they have internal polls showing he's where I live at 40%.
454
00:25:55.150 --> 00:25:57.650
which is pretty crazy if that's true. I mean, that's
455
00:25:57.890 --> 00:25:58.549
pretty crazy.
456
00:25:58.630 --> 00:26:01.630
I mean, previous to that in your area, his polls
457
00:26:01.690 --> 00:26:05.940
peaked at like 70% approval, right? Over 60, yeah.
458
00:26:06.339 --> 00:26:10.960
So this is the cost of the war. We're right
459
00:26:11.019 --> 00:26:14.740
now living through an inflation wave. This happened a couple
460
00:26:14.809 --> 00:26:17.769
years ago when I remember doing a show with you
461
00:26:18.269 --> 00:26:22.660
talking about watching the Soylent Green movie. And it came out,
462
00:26:22.700 --> 00:26:26.940
I looked at the timeline, the month that movie came out,
463
00:26:27.420 --> 00:26:30.980
prices had gone up like 10% in a month for
464
00:26:31.029 --> 00:26:34.430
groceries and everything. We think of the 70s as being
465
00:26:34.470 --> 00:26:39.750
this inflation time, but in reality, the inflation happened in
466
00:26:39.890 --> 00:26:42.609
short bursts, and that was one of them. And we've
467
00:26:42.650 --> 00:26:46.369
lived through two of them since 2020, where prices would
468
00:26:46.410 --> 00:26:49.480
go up in two or three months real rapidly. And
469
00:26:49.500 --> 00:26:52.559
something like that seems to be happening right now. People
470
00:26:52.599 --> 00:26:55.880
see the headlines. Diesel has gone up quite a bit,
471
00:26:55.920 --> 00:27:00.049
and that impacts the cost of everything. So that's all
472
00:27:00.170 --> 00:27:03.789
linked to this war going on. Now, I mentioned the
473
00:27:03.829 --> 00:27:07.589
Trump thing just to say that where I live, the
474
00:27:07.609 --> 00:27:13.609
Republican incumbent running for Congress, he made a statement saying
475
00:27:13.670 --> 00:27:18.210
that the war doesn't have anything to do with your
476
00:27:18.250 --> 00:27:23.240
gas price. That the gas companies are gouging people and
477
00:27:23.279 --> 00:27:27.140
that's why the price is up. Well, I went and
478
00:27:27.160 --> 00:27:29.720
looked and then he also said funny. I looked at
479
00:27:29.769 --> 00:27:33.450
these things up before the show. Yeah, he's also made
480
00:27:33.470 --> 00:27:35.930
the claim or someone one of his friends did that.
481
00:27:36.730 --> 00:27:40.549
financial speculators in the futures market are making the price
482
00:27:40.609 --> 00:27:43.059
of oil up and it's all manipulated and the war
483
00:27:43.099 --> 00:27:44.019
has nothing to do with it.
484
00:27:44.460 --> 00:27:44.799
Okay.
485
00:27:44.900 --> 00:27:48.819
Well, just let me say that those are false because
486
00:27:49.500 --> 00:27:54.799
I went and looked and the people, the gas production
487
00:27:54.839 --> 00:27:58.599
companies in this country, their costs have gone up because
488
00:27:58.660 --> 00:28:02.410
in reality, even though there's a lot of domestic production,
489
00:28:02.470 --> 00:28:06.339
they actually import a lot of oil, almost half the
490
00:28:06.539 --> 00:28:11.029
oil used to make gas is imported because that oil
491
00:28:11.109 --> 00:28:14.210
is higher grade quality. A lot of it comes from Mexico,
492
00:28:14.230 --> 00:28:19.470
even in Canada, are actually two biggest sources of coming
493
00:28:19.490 --> 00:28:21.529
into the United States. But when the cost goes up
494
00:28:21.569 --> 00:28:24.309
around the world, you know, their costs, you know, it
495
00:28:24.349 --> 00:28:27.069
just goes up. I mean, so that's what the war
496
00:28:27.089 --> 00:28:30.500
has done. The second part about financial speculators in the
497
00:28:30.559 --> 00:28:35.220
futures market, I went and looked, and in reality, I
498
00:28:35.279 --> 00:28:40.970
trade futures sometimes, and every week the CFTC, Commodities Futures
499
00:28:40.990 --> 00:28:44.470
Trading Commission, puts out a report showing you how many
500
00:28:44.509 --> 00:28:49.730
contracts are long, short, what categories the people are doing it.
501
00:28:50.259 --> 00:28:55.420
And the reality is banks, hedge funds, investment pools are
502
00:28:55.480 --> 00:28:58.920
actually shorting oil. They're net short oil, so they're not
503
00:28:58.940 --> 00:29:02.160
manipulating the price up. They think, You know, it's time
504
00:29:02.200 --> 00:29:06.140
to hedge or lock in or try to bet against it.
505
00:29:06.190 --> 00:29:07.690
They're betting it's going to go down.
506
00:29:08.329 --> 00:29:10.829
Yeah, so they're not anecdoting it up at all.
507
00:29:11.130 --> 00:29:12.289
So here's the interesting thing.
508
00:29:12.309 --> 00:29:14.069
But anyway, I went on a side share crack.
509
00:29:14.430 --> 00:29:17.529
No problem. But this is related because he also asks
510
00:29:17.569 --> 00:29:19.730
here about Secretary Besset again.
511
00:29:20.069 --> 00:29:20.670
Yeah.
512
00:29:20.990 --> 00:29:25.009
You know, because, let's see, said gas would go down
513
00:29:25.109 --> 00:29:29.980
to $ 3, okay, around September 20th. This was said in April.
514
00:29:31.430 --> 00:29:34.650
And again, he also mentioned the whole thing about robbing
515
00:29:34.710 --> 00:29:39.930
Peter to pay Paul with the bonds financially. So ultimately—
516
00:29:39.950 --> 00:29:43.119
he wants to know any thoughts about Secretary Besson's judgment
517
00:29:43.279 --> 00:29:47.500
for his– ultimately for what he's doing operationally but also
518
00:29:47.539 --> 00:29:50.869
his public statements. How do you think that's affected things?
519
00:29:52.089 --> 00:29:55.950
And one comment about gas just real fast is what
520
00:29:56.049 --> 00:29:59.740
I know is that none of the gas companies in
521
00:29:59.779 --> 00:30:04.420
this country are losing money. OK, nobody's losing money. They're
522
00:30:04.480 --> 00:30:08.960
still gaining for their stockholders just fine. So it's not
523
00:30:09.019 --> 00:30:12.079
as though this is putting a hurting on them. All right.
524
00:30:12.660 --> 00:30:15.329
And I know that they never seem to really fall
525
00:30:15.369 --> 00:30:19.500
down very much. OK, and it's interesting because the last
526
00:30:19.559 --> 00:30:22.720
time we had global conflict erupt and we had spikes
527
00:30:23.019 --> 00:30:27.900
in in fuel oil costs and gas prices, you know,
528
00:30:27.960 --> 00:30:30.819
they made claims that they were taking a hit. There's
529
00:30:30.859 --> 00:30:32.640
no need for them to make that claim because what
530
00:30:32.660 --> 00:30:35.400
we can see publicly is that they're humming along just fine,
531
00:30:35.930 --> 00:30:37.890
regardless how much they're charging us. So I don't know
532
00:30:37.910 --> 00:30:41.650
about price gouging. But there's no give back on this,
533
00:30:42.289 --> 00:30:45.289
where they're trying to assist with even trying to drag
534
00:30:45.410 --> 00:30:48.049
or claw back any of these prices. They're just rolling
535
00:30:48.130 --> 00:30:51.650
with it, it seems to me. That's my commentary. But
536
00:30:52.269 --> 00:30:54.099
back to this about Besant, what do you think about
537
00:30:54.140 --> 00:30:58.579
his judgment regarding his public statements and operationally what he's
538
00:30:58.599 --> 00:31:00.299
done so far that we've been able to see?
539
00:31:01.500 --> 00:31:05.819
Well, we're in a fascinating moment right now when it
540
00:31:05.839 --> 00:31:15.819
comes to bond market, because So the– a turning point
541
00:31:15.839 --> 00:31:19.500
appears to have happened– let me get a chart and
542
00:31:19.960 --> 00:31:23.880
I'll tell you exactly when– in July.
543
00:31:24.000 --> 00:31:24.640
Okay, in July.
544
00:31:24.740 --> 00:31:32.420
In July. So a couple things happened this summer. One– Well,
545
00:31:32.440 --> 00:31:34.480
first of all, I should just say the reason the
546
00:31:34.519 --> 00:31:37.490
bond yields are going up, as you said, why has
547
00:31:37.529 --> 00:31:40.690
the 10-year gone up? It's because of the inflation and
548
00:31:40.750 --> 00:31:45.269
because the size of the American debt has gotten so big.
549
00:31:46.740 --> 00:31:49.680
that the interest on the debt is growing, you know,
550
00:31:49.700 --> 00:31:52.890
the amount the government has to pay on interest is growing.
551
00:31:53.029 --> 00:31:56.410
Well, currently it's over $ 40 trillion, right? I mean, that's
552
00:31:56.549 --> 00:31:57.609
an outlandish number.
553
00:31:57.630 --> 00:32:02.470
Yeah, go ahead. It seems, you know, the timing of
554
00:32:02.950 --> 00:32:06.190
what came after, it seems that that passage of that
555
00:32:06.190 --> 00:32:09.970
$ 40 trillion mark, which happened this summer, marked a turning point.
556
00:32:10.789 --> 00:32:17.410
After that happened, the bond market started to The change,
557
00:32:17.549 --> 00:32:20.569
the yield started to go up. Of course, the inflation
558
00:32:20.589 --> 00:32:24.119
is going up at the same time. So I think
559
00:32:24.150 --> 00:32:27.599
it's two things happening at once. One, the inflation. Two,
560
00:32:28.140 --> 00:32:30.779
the size of the debt has now gotten so big
561
00:32:31.559 --> 00:32:37.339
that there's been pockets of trouble in funding it. People
562
00:32:37.700 --> 00:32:42.630
around the world are buying less American debt. They, of course,
563
00:32:42.829 --> 00:32:44.910
slowly been doing that for the past couple of years.
564
00:32:45.390 --> 00:32:47.410
But it's gotten to the point now, you know, we
565
00:32:47.450 --> 00:32:50.230
used to think, well, the day could come in which
566
00:32:50.329 --> 00:32:53.430
China could sell the bonds and crash the U.S. economy
567
00:32:53.450 --> 00:32:57.599
because they're in treasury bonds. In reality, they don't have
568
00:32:57.640 --> 00:33:01.440
to sell many of them to put the squeeze on
569
00:33:01.500 --> 00:33:04.039
our government now. They don't have to sell all their holdings.
570
00:33:04.380 --> 00:33:08.339
They just have to sell a little bit. Because the
571
00:33:08.539 --> 00:33:14.039
amount being bought around the world has slowly been declining,
572
00:33:14.680 --> 00:33:19.609
and the amount being issued by the government is going up.
573
00:33:19.619 --> 00:33:23.089
A budget deficit is over a trillion, maybe going to
574
00:33:23.160 --> 00:33:26.150
be two trillion. Trump wants an additional $ 500 billion, a
575
00:33:26.119 --> 00:33:37.650
50% increase for the defense budget next year. And for
576
00:33:37.690 --> 00:33:41.670
whatever reason, there's been less tax receipts coming in this
577
00:33:41.730 --> 00:33:46.230
year than last. Now, he didn't create the $ 40 trillion debt.
578
00:33:46.690 --> 00:33:49.789
It was like $ 36 trillion or something when he got
579
00:33:49.829 --> 00:33:53.569
in office this last time. But regardless, what's happening in
580
00:33:53.589 --> 00:33:59.880
the bond market, though, is I think it was the
581
00:33:59.910 --> 00:34:02.539
first week of August or so, or very end of July,
582
00:34:03.180 --> 00:34:07.859
Bassett came out and made an announcement. that I'm going
583
00:34:07.900 --> 00:34:09.980
to buy $ 4 billion.
584
00:34:09.360 --> 00:34:10.159
Worth of bonds.
585
00:34:11.519 --> 00:34:13.460
And he's doing this to try to make the yields
586
00:34:13.519 --> 00:34:16.679
go back down to say, I can buy if there's
587
00:34:16.699 --> 00:34:18.360
not enough, he's not, you know, he's not going to
588
00:34:18.389 --> 00:34:21.750
admit there's not enough demand, but he's basically going to
589
00:34:21.789 --> 00:34:25.530
bridge promising to bridge the gap. Well, when he made
590
00:34:25.570 --> 00:34:29.949
that announcement, he wanted the yields to go down. They
591
00:34:29.969 --> 00:34:32.050
went down for like five minutes and started to go
592
00:34:32.090 --> 00:34:35.559
back up. So his announcement was a failure. What did
593
00:34:35.599 --> 00:34:40.139
he do? Within 72 hours, he came out again, and
594
00:34:40.179 --> 00:34:42.159
he said, well, I can buy $ 4 billion. He doubled
595
00:34:42.360 --> 00:34:45.599
the amount he would buy. What happened? The bonds went
596
00:34:45.639 --> 00:34:48.530
down for like 10 minutes, the yields, I mean. Then
597
00:34:48.570 --> 00:34:52.260
they went back up again. And then another week or
598
00:34:52.300 --> 00:34:56.389
two goes by, and he says, well, I can buy
599
00:34:56.429 --> 00:35:00.929
as much as I want. What happened? The market ignored him.
600
00:35:01.389 --> 00:35:03.550
And then another weeks go by and he made some
601
00:35:03.590 --> 00:35:06.559
statement like, don't bet against the house. I'm the house.
602
00:35:07.239 --> 00:35:11.639
So would I, I mean, here's one way I feel now,
603
00:35:12.599 --> 00:35:15.039
you know, and he's caused me to feel this way,
604
00:35:15.079 --> 00:35:17.679
so this is a way to answer your question, or
605
00:35:17.860 --> 00:35:21.590
your listener's question about his statements, the confidence in him.
606
00:35:22.469 --> 00:35:27.909
You know, a lot of people, they don't like Trump,
607
00:35:27.969 --> 00:35:30.630
you know, they say he's Hitler or something, some of
608
00:35:30.650 --> 00:35:34.710
the Democrats or whatnot, and some of his other officials,
609
00:35:34.809 --> 00:35:38.400
but the way I see it, have felt since the
610
00:35:38.420 --> 00:35:41.900
start of this war. Now, even more watching this Besant character.
611
00:35:42.639 --> 00:35:45.800
What I see when I see these people talk is
612
00:35:46.380 --> 00:35:49.519
the old Iraqi information minister when he was on TV
613
00:35:50.000 --> 00:35:52.860
and we invade Iraq and he was making crazy statements
614
00:35:53.300 --> 00:35:56.489
that he, their government was winning and everything we're doing
615
00:35:56.510 --> 00:36:00.070
was a failure. I just see people talking while everything
616
00:36:00.119 --> 00:36:03.570
is not going the way it's supposed to. And that's
617
00:36:03.690 --> 00:36:06.570
what I think Besant's trying. You know, I don't think
618
00:36:06.590 --> 00:36:10.190
he's going to, be able to control the bond market
619
00:36:11.849 --> 00:36:14.880
the way he wants to, unfortunately. I wish he could,
620
00:36:15.320 --> 00:36:23.820
but what that means is every time he fails, and
621
00:36:23.840 --> 00:36:26.760
he's failed so far to try to make bond yields
622
00:36:26.800 --> 00:36:29.980
go down, and he's stopped trying the past few weeks,
623
00:36:31.000 --> 00:36:33.599
but he will come back at some point and try again.
624
00:36:34.480 --> 00:36:38.929
Each time he fails, the next statement has to be
625
00:36:38.949 --> 00:36:42.389
more extreme and it fails and he will end up
626
00:36:42.630 --> 00:36:45.630
having to true. He hasn't done it yet. He will
627
00:36:45.690 --> 00:36:51.320
have to actually start to buy and print, you know,
628
00:36:51.389 --> 00:36:54.800
and monetize the debt. So that's where this is really headed.
629
00:36:54.820 --> 00:36:58.000
We're not there yet. You know, maybe next year, maybe
630
00:36:58.039 --> 00:36:59.920
next year, but not, not yet.
631
00:37:00.039 --> 00:37:03.039
But that becomes a problem given that we, we have
632
00:37:03.099 --> 00:37:08.000
trouble with our stability with international relations. Right. And, Not
633
00:37:08.039 --> 00:37:11.829
just because of the war, okay, and whatever's going on there,
634
00:37:12.349 --> 00:37:15.309
but also there's a bunch of different things happening here.
635
00:37:15.329 --> 00:37:17.449
I mean, there's been the tariffs back and forth. I'll
636
00:37:17.489 --> 00:37:19.469
punish you with tariffs if you don't do this or
637
00:37:19.489 --> 00:37:22.429
you don't do that or, you know, or whatever we're
638
00:37:22.449 --> 00:37:24.079
going to do to French wine or we're going to
639
00:37:24.119 --> 00:37:26.300
punish the Canadians and this and that and the third thing.
640
00:37:26.960 --> 00:37:29.119
All of this is going to affect how many of these,
641
00:37:29.920 --> 00:37:33.750
you know, treasuries are being purchased internationally, right? So this
642
00:37:33.829 --> 00:37:38.889
is going to cause issues. But also, you know, he
643
00:37:38.929 --> 00:37:40.440
wants to know what you think about the power of
644
00:37:40.480 --> 00:37:46.139
political monopolies, you know, that are ignoring antitrust laws that
645
00:37:46.159 --> 00:37:48.840
are on the books currently, because there's a lot of that,
646
00:37:48.940 --> 00:37:53.559
you know, allegedly going on. And also the responsibility of
647
00:37:53.579 --> 00:37:55.659
the Americans who voted in this chaos, he wants to
648
00:37:55.719 --> 00:37:59.239
know about. But ultimately, I think we already covered that.
649
00:37:59.929 --> 00:38:02.550
I don't think anybody's taken responsibility for it because it's
650
00:38:02.590 --> 00:38:06.170
so disconnected. You know, like people see the prices and
651
00:38:06.210 --> 00:38:10.400
they see the impact like at the gas pump. That's relatable.
652
00:38:10.460 --> 00:38:13.300
That's in their face. But I don't think they reckon with,
653
00:38:13.820 --> 00:38:16.719
you know, best its effect on the bond market. What's
654
00:38:16.739 --> 00:38:19.550
the difference to most of us? You know, is there
655
00:38:19.570 --> 00:38:22.250
a difference? Is it going to change the inflationary curve?
656
00:38:22.750 --> 00:38:24.570
You know, is there any way to put a stop
657
00:38:24.610 --> 00:38:26.710
to this inflationary curve? Because like you said, it's like
658
00:38:26.750 --> 00:38:30.389
a wave now. which is not recession. And by the way,
659
00:38:30.449 --> 00:38:33.489
where was our break from our last recession? Because we
660
00:38:33.590 --> 00:38:36.429
were talking about recessionary stuff, and then there's usually a
661
00:38:36.489 --> 00:38:39.190
break and a change. It seems to me as though
662
00:38:39.230 --> 00:38:43.829
we've had a minor slowdown and then a continuation of
663
00:38:43.889 --> 00:38:48.010
a recessionary type curve. that has gone on here, unless
664
00:38:48.050 --> 00:38:49.230
I'm reading the wave wrong.
665
00:38:49.650 --> 00:38:54.110
Mike? No, I mean, that's how people are experiencing it.
666
00:38:54.230 --> 00:38:55.949
You know, the only thing that's done well is the
667
00:38:55.989 --> 00:39:02.699
stock market. But everyone else's wages have stagnated while inflation
668
00:39:02.840 --> 00:39:05.679
has gotten worse. It's never got really— you know, it's just
669
00:39:05.719 --> 00:39:10.019
slowed down. All that's happened is under Biden, too. It's
670
00:39:10.059 --> 00:39:15.329
not just Trump's fault. But all that's happened since 2020—
671
00:39:15.329 --> 00:39:20.980
After 2021, or after 2020, the inflation started in 2021, really,
672
00:39:21.719 --> 00:39:25.989
and all it's done is have bursts and then slowdowns
673
00:39:26.050 --> 00:39:29.289
of the rate of inflation. You know, the prices never dropped,
674
00:39:29.369 --> 00:39:33.579
and the inflation... the official inflation number has never gotten
675
00:39:33.719 --> 00:39:37.340
to their target of 2%. You know, they keep predicting
676
00:39:37.400 --> 00:39:39.460
it will and it doesn't do. And then it gets worse.
677
00:39:39.760 --> 00:39:43.480
Plus no matter how many checks they write, right. The,
678
00:39:43.619 --> 00:39:46.699
the whole COVID, you know, lockdown and stopping a business
679
00:39:46.739 --> 00:39:49.610
and everything else that took place. Regardless of how many
680
00:39:49.650 --> 00:39:53.150
checks they write or threaten to write, it's not correcting anything.
681
00:39:54.130 --> 00:39:57.730
It's adding to the problem, it seems like. And, you know, yes,
682
00:39:57.769 --> 00:40:00.860
it would be nice if everybody got a $ 5, 000 dividend check, sure.
683
00:40:01.519 --> 00:40:04.000
But what is that $ 5, 000 going to be worth if
684
00:40:04.039 --> 00:40:06.139
they keep doing things this way?
685
00:40:06.619 --> 00:40:10.380
I want to back up for one second. Sure. You
686
00:40:10.420 --> 00:40:16.619
mentioned the tariffs because— I don't remember if I did
687
00:40:16.679 --> 00:40:20.619
a show about the tariffs when he was doing that
688
00:40:21.440 --> 00:40:24.099
last year in March, April. But I don't think so.
689
00:40:24.119 --> 00:40:28.010
I was out of town traveling anyway. You know what?
690
00:40:28.050 --> 00:40:30.010
We talked about it because you had come back from
691
00:40:30.070 --> 00:40:34.730
a casino trip. And I have good recall on conversations.
692
00:40:35.190 --> 00:40:38.300
We talked about that at the very beginning. of the
693
00:40:38.340 --> 00:40:40.559
tariff wave when it was like, he was saying that
694
00:40:40.579 --> 00:40:42.519
he was going, okay, don't worry. Cause I'm going to,
695
00:40:42.579 --> 00:40:45.280
I'm going to put, you know, 300% tariffs on the
696
00:40:45.320 --> 00:40:48.829
Chinese and this and that. And everybody is going to get,
697
00:40:48.849 --> 00:40:50.769
there's going to be a worldwide tariff. And he was
698
00:40:50.809 --> 00:40:53.210
started making these statements. Hadn't done anything yet.
699
00:40:53.449 --> 00:40:53.869
Yes.
700
00:40:54.429 --> 00:40:56.610
Well, and you were talking about how it was being
701
00:40:56.650 --> 00:40:58.769
discussed at the poker table, but that's as far as
702
00:40:58.809 --> 00:41:00.230
we ever got with it. Yeah, go ahead.
703
00:41:00.530 --> 00:41:05.289
Well, so when he started doing the tariffs, you know,
704
00:41:06.599 --> 00:41:12.059
I was trying to find a strategy of why is
705
00:41:12.079 --> 00:41:19.860
he doing this. And his top economics advisor made a statement,
706
00:41:21.050 --> 00:41:26.110
released a statement of why they're doing it. And one
707
00:41:26.150 --> 00:41:28.750
of the things they said basically was they're going to
708
00:41:28.889 --> 00:41:32.630
use the tariffs to try to manage the debt, which
709
00:41:32.710 --> 00:41:37.760
now has hit the $ 40 trillion mark. And they recognized
710
00:41:37.880 --> 00:41:41.860
the fact that this could become a crisis, which I
711
00:41:41.900 --> 00:41:46.380
would say it's just a glimmer of that starting. But anyway,
712
00:41:46.400 --> 00:41:52.789
this guy, his name was Stephen Moran. When Trump got elected,
713
00:41:52.809 --> 00:41:56.409
and right before he got in office, he wrote a
714
00:41:56.489 --> 00:42:01.610
paper about why did he tariffs. And he claimed that
715
00:42:02.190 --> 00:42:07.969
the tariffs... could be used as a tool to force
716
00:42:08.309 --> 00:42:16.900
countries to take the treasury bonds they own and just
717
00:42:17.599 --> 00:42:23.460
forgive them in return for tariff relief. So, for example,
718
00:42:23.480 --> 00:42:29.610
the actual largest holder of treasury bonds in a country
719
00:42:30.150 --> 00:42:34.579
isn't China now, but Japan. And one of the ideas
720
00:42:34.619 --> 00:42:36.860
he had was, well, you know, the U.S. has a
721
00:42:36.900 --> 00:42:42.670
defense treaty. We could tell the Japanese, if you don't
722
00:42:43.170 --> 00:42:49.809
repudiate the bonds, the treasure bonds, which would reduce the
723
00:42:49.849 --> 00:42:52.969
debt we owe to you, if you don't do that,
724
00:42:53.329 --> 00:42:55.170
we will stop defending your country.
725
00:42:55.469 --> 00:42:59.090
So write off the debt that you bought or... We
726
00:42:59.130 --> 00:43:01.530
stop being your military, basically.
727
00:43:01.590 --> 00:43:04.550
Yeah, we'll stop being your military. We'll stop trading with you.
728
00:43:05.429 --> 00:43:09.670
What a concept. He was Trump's top economics advisor. He
729
00:43:10.090 --> 00:43:12.449
ends up leaving that and going on the Federal Reserve
730
00:43:12.469 --> 00:43:15.889
for a period of time. But anyway, he released this
731
00:43:15.929 --> 00:43:19.840
statement as soon as Trump started the tariff war. So
732
00:43:19.920 --> 00:43:23.420
I thought, okay, he said this. He wrote this paper.
733
00:43:24.239 --> 00:43:27.949
This is a strategy that makes sense. I'm not saying
734
00:43:28.010 --> 00:43:30.920
it would work but there's at least a thought a
735
00:43:30.940 --> 00:43:33.519
strategy apparent.
736
00:43:33.139 --> 00:43:36.239
To there's a coherent idea at least.
737
00:43:35.840 --> 00:43:41.719
And I told that to a couple people in financial
738
00:43:41.780 --> 00:43:44.280
stuff and they said no and some of them they're
739
00:43:44.320 --> 00:43:48.699
not democrats or whatever they thought one of them was
740
00:43:48.860 --> 00:43:52.739
adamant no there's no strategy this guy's just free willing
741
00:43:52.800 --> 00:43:56.590
and saying stuff and watch he'll back off he'll change
742
00:43:56.630 --> 00:44:00.530
the tariff numbers there's no real strategy he doesn't do
743
00:44:00.590 --> 00:44:03.449
anything with strategy it's all fly by the seat of.
744
00:44:03.429 --> 00:44:05.650
His pants well I agree with them and I.
745
00:44:05.590 --> 00:44:10.000
Have to admit And I had to admit to him,
746
00:44:10.519 --> 00:44:13.699
you're right, I was wrong. And that's the way to
747
00:44:13.760 --> 00:44:18.030
understand everything going on. This darn war, it's evident that's
748
00:44:18.070 --> 00:44:20.670
how it happened and has continued to be carried out.
749
00:44:21.349 --> 00:44:24.150
There's no real coherent strategy on how to win when
750
00:44:24.170 --> 00:44:27.380
they started. Just a simple hope that we kill the
751
00:44:27.599 --> 00:44:30.539
Atoll and these top people and we'll just win.
752
00:44:31.360 --> 00:44:34.000
If we do enough damage, we achieve victory. That's it.
753
00:44:34.079 --> 00:44:37.199
And that's the only actual strategy. There's nothing else to it.
754
00:44:37.300 --> 00:44:42.969
They fired— they, in fact, fired the head of the Joint
755
00:44:43.010 --> 00:44:46.869
Chiefs planning staff four or five days before the war started,
756
00:44:47.909 --> 00:44:51.750
and he got— Most of the idea is not from the,
757
00:44:51.760 --> 00:44:57.000
I mean, it's kind of not from them at all,
758
00:44:57.539 --> 00:45:00.739
but from a think tank funded by the Adelson, the
759
00:45:00.820 --> 00:45:05.639
Adelson lady. Of course. And other pro-Israel lobbyists. And those
760
00:45:05.659 --> 00:45:08.719
are the people that gave them the idea, supposedly, of
761
00:45:09.119 --> 00:45:12.760
blockading Iran after they did, you go after they shut
762
00:45:12.800 --> 00:45:16.309
those trade. And I don't know how. I don't know
763
00:45:16.329 --> 00:45:17.530
what's going on at the moment.
764
00:45:17.789 --> 00:45:19.179
I got to tell you, it gave a lot of
765
00:45:19.199 --> 00:45:21.380
validity to the people that like to scream about the
766
00:45:21.440 --> 00:45:25.449
Zionist conspiracy and them influencing our government right away because
767
00:45:25.630 --> 00:45:29.090
there is no other purpose for this but to aid Israel.
768
00:45:30.239 --> 00:45:32.639
That is what our money is being spent on. That's
769
00:45:32.699 --> 00:45:35.340
what our resources are being spent on. And that's why
770
00:45:35.380 --> 00:45:38.889
we're running out of missiles while they're using $ 300 drones
771
00:45:38.949 --> 00:45:39.949
against us, Iran.
772
00:45:39.969 --> 00:45:43.610
And the thing is about it, you can look back
773
00:45:44.070 --> 00:45:48.480
last year when... Trump, you know, when Israel started this
774
00:45:48.920 --> 00:45:52.599
by attacking Iran, and then Trump joined in at the
775
00:45:52.619 --> 00:45:55.280
very end of that campaign with 12 days or whatever
776
00:45:55.320 --> 00:45:59.079
it was, and bombed their nuclear weapons site and claimed
777
00:45:59.099 --> 00:46:02.679
their nuclear program was completely destroyed. Well, anyway, either right
778
00:46:02.699 --> 00:46:06.219
before he launched his attack or right after, he did
779
00:46:06.320 --> 00:46:09.780
one of his social tweets, or truths or whatever, and
780
00:46:09.820 --> 00:46:14.320
he said in there, he wrote in his tweet, MAGA
781
00:46:14.420 --> 00:46:21.119
is now M-I-G-A. Make Israel great again. Well, he said
782
00:46:21.159 --> 00:46:25.110
make Iran great again, I think. But he said, I'm
783
00:46:25.150 --> 00:46:31.469
not sure if he made it. Maybe I'm wrong, but
784
00:46:32.110 --> 00:46:35.360
I know he said MAGA is now M-I-G-A, and there's
785
00:46:35.409 --> 00:46:39.219
nothing wrong with the nation building is not a stigma
786
00:46:39.239 --> 00:46:41.579
or something like that. I don't think he said what
787
00:46:41.860 --> 00:46:43.239
MAGA stood for.
788
00:46:43.260 --> 00:46:45.590
Which is totally the opposite of what the guy had
789
00:46:45.670 --> 00:46:47.409
run on for like 10 years.
790
00:46:47.489 --> 00:46:48.510
It turns into a fraud.
791
00:46:50.199 --> 00:46:53.000
Listen, and you voted for him, Mike, so I'm not
792
00:46:53.039 --> 00:46:55.230
trying to press you to the wall on this or anything,
793
00:46:55.269 --> 00:46:56.090
but I'm just saying.
794
00:46:56.110 --> 00:46:59.409
Well, I'm always willing to admit I was, you know,
795
00:46:59.429 --> 00:47:00.429
I voted for a fraud.
796
00:47:00.570 --> 00:47:04.809
Well, okay, that's cool. But I'm just saying, on this point, though, directly,
797
00:47:05.489 --> 00:47:07.750
this is the guy who said, I will not get
798
00:47:07.789 --> 00:47:10.110
you into new wars. I will not get you into
799
00:47:10.150 --> 00:47:13.159
forever wars. I am not looking to do that. We
800
00:47:13.199 --> 00:47:14.699
need to take care of stuff at home. I mean,
801
00:47:14.760 --> 00:47:17.579
is this not what his rhetoric was for, like, 10
802
00:47:17.579 --> 00:47:21.730
years now? Or am I crazy? Because the guy said
803
00:47:21.769 --> 00:47:25.730
all that and then did this. You know, it's like.
804
00:47:26.789 --> 00:47:31.730
But, oh, the thing about the strategy about the bonds
805
00:47:31.789 --> 00:47:35.000
of Japan and so forth, the thing is, you know,
806
00:47:35.019 --> 00:47:40.340
at this point in time, that was probably an unrealistic
807
00:47:40.420 --> 00:47:43.820
strategy that never would have worked anyway, but there's no
808
00:47:43.860 --> 00:47:49.150
way it would work now because... Things have gotten worse
809
00:47:49.170 --> 00:47:54.110
geopolitically for the United States. Countries aren't going to do that.
810
00:47:54.170 --> 00:47:56.809
That's why the guy mentioned in what he wanted you
811
00:47:56.829 --> 00:47:59.210
to comment on about the fact that we have troubles
812
00:47:59.250 --> 00:48:02.949
with our international relations, which does not bode well when
813
00:48:02.989 --> 00:48:06.170
a whole bunch of them own our debts and can
814
00:48:06.210 --> 00:48:10.159
turn around and call them in. This is a problem,
815
00:48:10.219 --> 00:48:12.719
especially if it is. I mean, $ 40 trillion, I guarantee
816
00:48:12.739 --> 00:48:14.610
you a ton of it we owe to ourselves somehow
817
00:48:15.929 --> 00:48:18.559
if you do the accounting. But a whole lot of it.
818
00:48:19.889 --> 00:48:25.309
There's a good argument I've seen someone make that right
819
00:48:25.369 --> 00:48:32.159
now China could end the war because if there's one
820
00:48:32.239 --> 00:48:36.110
country in the world that has leverage and over both
821
00:48:36.130 --> 00:48:39.150
the United States and Iran, it's China. Right. Because they've
822
00:48:39.190 --> 00:48:43.489
been so much in their debt, and they have big
823
00:48:43.530 --> 00:48:46.849
relations with Iran. They're probably helping them in the war.
824
00:48:47.110 --> 00:48:52.869
They had the leverage to pressure both the United States
825
00:48:53.030 --> 00:48:58.219
and Iran, just as Dwight Eisenhower did with the Suez
826
00:48:58.239 --> 00:49:01.880
Canal and pressuring the British and the French. When they
827
00:49:01.920 --> 00:49:04.679
were fighting Egypt, you know, over the Suez Canal. Right.
828
00:49:04.739 --> 00:49:07.389
And that was the end of the British Empire. You know,
829
00:49:07.469 --> 00:49:10.989
the final end of it was that moment. So China's
830
00:49:11.050 --> 00:49:13.289
probably not going to do that because they don't want
831
00:49:13.329 --> 00:49:18.909
the responsibility of, mitigating. And also the U.S. would not–
832
00:49:19.090 --> 00:49:22.159
we don't have the– Britain and the U.S. and France
833
00:49:22.219 --> 00:49:26.199
had much closer. We were all allies, really. We're not
834
00:49:26.260 --> 00:49:29.739
allies of China. We wouldn't appreciate it too much.
835
00:49:31.380 --> 00:49:34.909
No, but in a hardball situation, they could do it.
836
00:49:34.960 --> 00:49:36.000
The potential is there.
837
00:49:36.139 --> 00:49:39.239
Yeah. They have the power to do it. I guess
838
00:49:39.280 --> 00:49:40.659
that's the point.
839
00:49:40.699 --> 00:49:42.809
They have the power to do it, and the potential
840
00:49:42.869 --> 00:49:47.409
is there. Listen, I don't claim to understand Chinese strategy.
841
00:49:49.650 --> 00:49:52.860
It could happen. I don't throw it off the table.
842
00:49:54.179 --> 00:49:56.719
One thing I read, reading about the Vietnam War and
843
00:49:58.079 --> 00:50:04.400
so forth, one of the things... Historically, supposedly, a theme
844
00:50:04.440 --> 00:50:07.679
in China is they don't do anything. They like to
845
00:50:07.719 --> 00:50:10.099
be very cautious, you know, in their whole history. Right.
846
00:50:10.380 --> 00:50:13.179
They like to be very, very cautious and not do anything.
847
00:50:13.599 --> 00:50:17.010
And then if they do something, make it so shocking
848
00:50:17.909 --> 00:50:21.530
and overwhelming, or they attempt to, that, you know, it
849
00:50:23.349 --> 00:50:29.639
makes people shocked. So, for example, they invaded India during
850
00:50:29.659 --> 00:50:32.760
the Cuban Missile Crisis. Right. and took a bunch of
851
00:50:32.800 --> 00:50:38.420
land as a bargaining chip over them. And they tried
852
00:50:38.460 --> 00:50:46.570
to invade Vietnam around 1980 and got bought. It didn't
853
00:50:46.590 --> 00:50:50.369
last long. They realized they couldn't win and gave up
854
00:50:50.530 --> 00:50:55.460
in like 90 days or so. a month or something. Right.
855
00:50:56.139 --> 00:50:59.559
They were allied to the Khmer Rouge. Right.
856
00:51:00.179 --> 00:51:02.920
Of course. And that has to do with Cambodia and
857
00:51:02.980 --> 00:51:06.239
all that. Look, the region there is a whole other
858
00:51:06.590 --> 00:51:10.050
topic of discussion. But we're almost out of time. So
859
00:51:10.110 --> 00:51:12.030
I want to get to let people know what it
860
00:51:12.110 --> 00:51:14.650
is you're up to because you did talk about writing
861
00:51:14.690 --> 00:51:18.159
a new book and you were talking about making a
862
00:51:18.260 --> 00:51:21.340
second to the Why the Vietnam War series.
863
00:51:21.360 --> 00:51:21.480
Yes.
864
00:51:22.199 --> 00:51:24.199
Um, you know, and I don't know what you're working
865
00:51:24.280 --> 00:51:25.880
on actually, cause you told me you were going to
866
00:51:25.900 --> 00:51:29.079
do some writing and I haven't, you know, look, uh,
867
00:51:29.119 --> 00:51:31.840
I'm not, not complaining. I'll be happy to see it
868
00:51:31.880 --> 00:51:34.739
when I see it, but are you working on anything
869
00:51:34.780 --> 00:51:38.300
currently or should people just, you know, go to wallstreetwindow.com
870
00:51:38.349 --> 00:51:41.510
still sign up for the newsletter, do that, uh, one
871
00:51:41.530 --> 00:51:43.769
way or another, because you'll be able to access your
872
00:51:43.789 --> 00:51:44.989
stuff through the beehive, right?
873
00:51:45.889 --> 00:51:48.510
Yeah. Just go there. They'll get on the newsletter, but
874
00:51:48.530 --> 00:51:53.010
what I'm, what I'm really trying to do is revive
875
00:51:54.050 --> 00:51:58.739
my internet presence by reviving my YouTube channel. I've come
876
00:51:58.760 --> 00:52:02.519
to the idea that websites are dead and YouTube is dead.
877
00:52:03.690 --> 00:52:05.670
The best thing I can use for a replacement to
878
00:52:05.690 --> 00:52:06.329
try to get.
879
00:52:06.650 --> 00:52:09.489
Because you're familiar with it. If you succeed on a platform,
880
00:52:09.530 --> 00:52:11.829
you got to succeed on one of these platforms now,
881
00:52:11.869 --> 00:52:12.389
not your own.
882
00:52:12.409 --> 00:52:13.309
Best stick of one.
883
00:52:13.469 --> 00:52:17.059
Yeah. I mean, and that's probably the best thing is
884
00:52:17.099 --> 00:52:19.559
to streamline it into one place. So people have one
885
00:52:19.619 --> 00:52:21.900
place because people have done this where they've gone everywhere.
886
00:52:22.800 --> 00:52:23.039
Right.
887
00:52:23.780 --> 00:52:25.719
You know, with the audio podcast, I'm going to have
888
00:52:25.739 --> 00:52:27.099
to go into video and I'm going to go on
889
00:52:27.119 --> 00:52:30.340
to rumble. That's where we're going next. But, you know,
890
00:52:30.380 --> 00:52:32.940
but everybody is having to sort of settle onto a
891
00:52:32.980 --> 00:52:36.659
singular platform in order to, uh, you know, be able to,
892
00:52:36.820 --> 00:52:40.730
to streamline some successful audience, um, and then hope they
893
00:52:40.750 --> 00:52:42.590
can get the AI to pay attention to them in
894
00:52:42.610 --> 00:52:46.210
the search results. That's, that's really what the new strategy is.
895
00:52:46.650 --> 00:52:50.269
It seems like I'm trying to focus on that for
896
00:52:50.289 --> 00:52:52.139
the rest of the year, see how I can do that.
897
00:52:52.199 --> 00:52:55.659
And I, and I plan on writing a, a couple
898
00:52:55.679 --> 00:52:59.179
of book, at least one, probably two like book review
899
00:52:59.440 --> 00:53:00.199
type articles.
900
00:53:00.639 --> 00:53:00.980
Okay.
901
00:53:01.039 --> 00:53:03.519
Well, that's books related to the Kennedy assassination.
902
00:53:03.539 --> 00:53:06.059
What about books is what, is what I'm asking.
903
00:53:06.139 --> 00:53:08.960
I'm not, I'm not working on one at the moment. Okay.
904
00:53:09.000 --> 00:53:11.219
So we don't have a plan for an upcoming book,
905
00:53:11.550 --> 00:53:14.750
but you're going to be working through Beehive and, and
906
00:53:14.769 --> 00:53:16.730
you're going to start to put out some articles there,
907
00:53:17.210 --> 00:53:20.510
which we'll gladly either mirror at my site or put out,
908
00:53:20.570 --> 00:53:23.690
you know, along with, and, and put the links, obviously.
909
00:53:23.710 --> 00:53:23.969
Okay.
910
00:53:24.429 --> 00:53:27.050
Uh, we'll do that. And, uh, I definitely want to share,
911
00:53:27.150 --> 00:53:29.800
you know, your stuff as you go, is it going
912
00:53:29.820 --> 00:53:33.179
to be financial based or are you writing about history?
913
00:53:33.400 --> 00:53:34.639
I mean, you know, can you give us a hint
914
00:53:34.679 --> 00:53:38.000
what's coming up in those articles besides the, uh, book reviews?
915
00:53:39.619 --> 00:53:43.570
Oh, I mean, I'm writing a news stock market newsletter
916
00:53:43.730 --> 00:53:48.500
every Sunday, but I plan on writing, uh, Something about
917
00:53:48.519 --> 00:53:51.400
the Kennedy assassination. It would be around a book review,
918
00:53:51.539 --> 00:53:52.699
you know. Okay.
919
00:53:53.920 --> 00:53:56.610
Great. No, I just wanted to let everybody know what
920
00:53:56.619 --> 00:53:59.289
it is you're doing. And, you know, and still they
921
00:53:59.309 --> 00:54:02.489
can go to wallstreetwindow.com and it will take them to
922
00:54:02.989 --> 00:54:04.869
a portal where they can sign up, right?
923
00:54:06.710 --> 00:54:08.329
Yeah, just go right there. Sure.
924
00:54:08.550 --> 00:54:11.190
There you go. So you guys will have that link
925
00:54:11.230 --> 00:54:13.969
in the show notes. That's for sure. Also, I'll give
926
00:54:13.989 --> 00:54:16.099
you a link to the existing books that Mike has
927
00:54:16.139 --> 00:54:19.059
written already. And I do hope that we have some
928
00:54:19.099 --> 00:54:20.940
more in the future. I know not a lot of
929
00:54:20.980 --> 00:54:24.579
you read books, but a couple of my listeners do still, Mike. And,
930
00:54:24.639 --> 00:54:28.250
you know, it's funny. Um, I have a phone conversations
931
00:54:28.289 --> 00:54:31.300
with a couple of them now and then, and, uh,
932
00:54:31.429 --> 00:54:33.150
and they bring up that, you know, they read the
933
00:54:33.190 --> 00:54:36.380
war state, you know, they're really glad that, uh, you know, they,
934
00:54:36.460 --> 00:54:38.539
they heard about it on my show and they got
935
00:54:38.599 --> 00:54:42.280
it and all that kind of stuff. Um, you know,
936
00:54:42.320 --> 00:54:43.719
and would like to see what it is you're going
937
00:54:43.739 --> 00:54:47.739
to do next, you know? Um, so I look for now,
938
00:54:48.000 --> 00:54:51.400
Beehive is the place, but if you go to wallstreetwindow.com
939
00:54:51.579 --> 00:54:54.159
once again, uh, and you'll hear a little ad for
940
00:54:54.179 --> 00:54:56.989
that during our break when I go to get Larry, uh,
941
00:54:57.130 --> 00:54:59.230
you know, that that's how you can sign up and
942
00:54:59.289 --> 00:55:02.429
keep up with Mike. He's got that financial newsletter every Sunday,
943
00:55:02.449 --> 00:55:02.710
he said.
944
00:55:03.900 --> 00:55:05.199
Yeah, that's right, Sundays.
945
00:55:05.320 --> 00:55:09.340
Every Sunday Mike releases that. And, you know, look, a
946
00:55:09.400 --> 00:55:11.719
fountain of information you are, and you write it in
947
00:55:11.760 --> 00:55:16.780
a very digestible and consumable way. I appreciate that because
948
00:55:16.820 --> 00:55:19.739
it's not, you know, overly complex, flying over my head.
949
00:55:20.179 --> 00:55:22.179
There's also not a lot of, like, you know, screaming
950
00:55:22.219 --> 00:55:24.639
and throwing fits like a Gerald Salenti kind of thing.
951
00:55:26.090 --> 00:55:28.590
You know, I actually like that guy and tried to
952
00:55:28.610 --> 00:55:30.329
get him on the show a few times. I thought
953
00:55:30.369 --> 00:55:34.099
about it. Uh, but, uh, but, but honestly, you know,
954
00:55:34.139 --> 00:55:36.530
sometimes with his screaming and yelling and his weirdness, I
955
00:55:36.550 --> 00:55:39.510
can't do it. Um, you know, it's too much. I mean,
956
00:55:39.530 --> 00:55:41.389
it reminds me of the stock market guy that used
957
00:55:41.409 --> 00:55:43.750
to be on TV. We talked about, is he still
958
00:55:43.829 --> 00:55:44.809
on TV by the way?
959
00:55:44.849 --> 00:55:47.309
Yeah. Yeah. He won't stop. You're kidding.
960
00:55:47.610 --> 00:55:50.130
Is he still, Oh my God. Kramer. Does he still
961
00:55:50.150 --> 00:55:52.070
have like the sound effects and the crazy bell?
962
00:55:52.150 --> 00:55:52.469
Yeah.
963
00:55:53.570 --> 00:55:56.190
Oh, wow. What does he got? Like three viewers left?
964
00:55:56.269 --> 00:56:01.190
I mean, I don't know. Uh, Is he big anymore?
965
00:56:01.210 --> 00:56:02.050
I mean, because he was huge.
966
00:56:02.070 --> 00:56:04.510
I'm going to ask by Google and see what it says.
967
00:56:04.530 --> 00:56:06.929
Yeah, ask the AI if he's big anymore. Because I
968
00:56:06.949 --> 00:56:09.469
don't know. Nobody seems to be talking about him. And
969
00:56:09.530 --> 00:56:12.150
I wasn't even aware if he was still doing it. So,
970
00:56:12.329 --> 00:56:15.769
you know, nobody's playing clips of it. Not even last
971
00:56:15.809 --> 00:56:17.530
week tonight, which is an HBO show.
972
00:56:18.010 --> 00:56:20.360
Yeah, he gets like 100,000 viewers a day.
973
00:56:20.969 --> 00:56:22.960
Well, hey, doing a lot better than me. What can
974
00:56:23.000 --> 00:56:26.090
I say? But it's crazy, man.
975
00:56:27.170 --> 00:56:29.780
Back in his peak, though, it was a million.
976
00:56:31.639 --> 00:56:34.159
Well, look, and the Internet made him smaller, and it
977
00:56:34.199 --> 00:56:36.300
made a lot of other things larger. And we talked
978
00:56:36.340 --> 00:56:38.119
about that earlier in the show if you missed it.
979
00:56:38.179 --> 00:56:41.730
So go ahead and rewind the podcast. Anyway, Mike, I'm
980
00:56:41.750 --> 00:56:43.110
going to let you go so I can go grab
981
00:56:43.150 --> 00:56:43.909
Larry Hancock.
982
00:56:43.969 --> 00:56:47.030
Great. Okay. I always like to hear from him.
983
00:56:47.489 --> 00:56:50.780
I really want to have you back again soon. And
984
00:56:51.059 --> 00:56:53.719
maybe we'll have even more questions about the, you know,
985
00:56:53.780 --> 00:56:57.969
circumstances we're all finding ourselves in. You know, I'm trying
986
00:56:57.989 --> 00:57:00.190
to just survive on a day to day basis. And
987
00:57:00.230 --> 00:57:01.869
I didn't even get to talk to you about energy
988
00:57:01.909 --> 00:57:05.809
costs because those things are spiking up all over the place.
989
00:57:05.849 --> 00:57:09.019
And I don't just mean gas and fuel. You know,
990
00:57:09.059 --> 00:57:10.880
what the hell, man? I don't know what your electric
991
00:57:10.920 --> 00:57:14.480
bill looks like, but mine is more than doubled. And
992
00:57:14.619 --> 00:57:17.849
everybody I talk to is going, yeah, it's outlandish what
993
00:57:17.869 --> 00:57:20.250
we're being charged. And it's not just because it's hot
994
00:57:20.369 --> 00:57:24.489
in the southeast either. We're getting killed on our electric bills,
995
00:57:24.650 --> 00:57:27.849
on our water bills now. And it's just all of
996
00:57:27.909 --> 00:57:30.159
these things are piling up and getting larger. And the
997
00:57:30.199 --> 00:57:33.480
cost to be alive is just larger, seems like on
998
00:57:33.519 --> 00:57:36.400
a weekly basis. So, oh, wait a minute. You mentioned
999
00:57:36.440 --> 00:57:41.690
that the inflationary wave. I like that phrase because that's
1000
00:57:41.730 --> 00:57:43.730
what it's like. We're riding a wave. It's like we're
1001
00:57:43.789 --> 00:57:48.269
boogie boarding through the inflationary wave here. And it kind
1002
00:57:48.289 --> 00:57:52.010
of sucks, to be honest with you. But here we are, Mike.
1003
00:57:52.050 --> 00:57:53.550
Anything you want to say in closing?
1004
00:57:54.610 --> 00:57:59.360
All we can do is just hang in there. I mean, it's... Well,
1005
00:57:59.460 --> 00:58:00.000
there you go.
1006
00:58:00.500 --> 00:58:03.460
Anyway, guys, Larry Hancock coming up next on the live.
1007
00:58:03.659 --> 00:58:05.840
And of course, if you're in podcast form, you'll have
1008
00:58:05.860 --> 00:58:09.559
to go get the next podcast with Larry. But Michael Swanson,
1009
00:58:09.639 --> 00:58:13.010
once again, author, you know, brilliant guy when it comes
1010
00:58:13.050 --> 00:58:15.550
to financial stuff. And I'm glad that he speaks in
1011
00:58:15.590 --> 00:58:17.550
a plain language. This way I can ask him a
1012
00:58:17.570 --> 00:58:19.789
question and know what the hell he just said. So,
1013
00:58:19.869 --> 00:58:21.510
you know, and not get lost in the minutiae.
1014
00:58:41.820 --> 00:59:02.289
We'll be right back.
1015
00:59:14.730 --> 00:59:16.690
The views expressed by callers, tools, or anyone else who
1016
00:59:16.710 --> 00:59:18.449
happens to get on the air at Ocelli.com do not
1017
00:59:18.469 --> 00:59:21.639
necessarily reflect the views of Ocelli.com or Chuck Ocelli, and
1018
00:59:21.659 --> 00:59:24.059
we are not responsible for any stupidity which might ensue.
1019
00:59:24.159 --> 00:59:24.639
Thank you.
1020
00:59:24.659 --> 00:59:30.289
Ocelli.com In Denial of Secret Wars with Airstrikes and Tanks
1021
00:59:30.809 --> 00:59:32.469
by Larry Hancock.
1022
00:59:32.809 --> 00:59:36.389
Secret wars became a staple of U.S. covert operations and
1023
00:59:36.429 --> 00:59:40.469
are still happening today. Larry Hancock's book, In Denial, rips
1024
00:59:40.670 --> 00:59:41.409
the cover.
1025
00:59:41.230 --> 00:59:42.090
Off many of them.
1026
00:59:42.409 --> 00:59:45.030
Using new files, it exposes things about the Bay of
1027
00:59:45.070 --> 00:59:48.070
Pigs that no one has ever written about before. It
1028
00:59:48.150 --> 00:59:50.889
shows why it really failed and why the United States
1029
00:59:50.969 --> 00:59:53.739
did not learn from it. It also shows why other
1030
00:59:53.760 --> 00:59:57.960
countries today are doing secret operations with more success. This
1031
00:59:58.039 --> 01:00:00.440
is the book that puts what some want.
1032
01:00:00.260 --> 01:00:02.059
To deny into the light.
1033
01:00:02.440 --> 01:00:07.519
In denial, secret wars with airstrikes and tanks. Larry Hancock.
1034
01:00:08.699 --> 01:00:13.420
For more information, go to Larry-Hancock.com. Pick up your copy
1035
01:00:13.480 --> 01:00:17.500
of In Denial at Amazon.com in digital or physical form.
1036
01:00:17.519 --> 01:00:20.639
Do you like history, real history, that you were never
1037
01:00:20.739 --> 01:00:25.190
taught in schools? Why? The Vietnam War, nuclear bombs and
1038
01:00:25.309 --> 01:00:29.429
nation building in Southeast Asia by author Mike Swanson with
1039
01:00:29.530 --> 01:00:33.690
new documentation never seen before that will open your eyes
1040
01:00:33.789 --> 01:00:37.449
to events that led up to this. Why? The Vietnam War,
1041
01:00:37.730 --> 01:00:45.110
Nuclear Bombs and Nation Building in Southeast Asia, 1945 through 1961.
1042
01:00:45.110 --> 01:00:48.300
Get your copy today at Amazon.com.
1043
01:00:48.619 --> 01:00:48.940
Why?
1044
01:00:49.179 --> 01:00:56.420
The Vietnam War by author Mike Swanson.
1045
01:00:56.599 --> 01:01:03.480
WallStreetWindow.com Michael Swanson, the brilliant author of The War State,
1046
01:01:03.519 --> 01:01:07.199
gives you the benefit of his knowledge. Wall Street.