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After my last interview with Aaron Brickman, folks have been on the edge of their seats waiting for an update, with the big question being: are we still on pace for a 1929 style crash? You asked me: what will happen to our 401ks, bank accounts and pe...
After my last interview with Aaron Brickman, folks have been on the edge of their seats waiting for an update, with the big question being: are we still on pace for a 1929 style crash? You asked me: what will happen to our 401ks, bank accounts and pensions? How about our mortgages? Is our cash safe in the bank? And how would a crash affect our everyday lives? (Part I of a two-part interview. Part II will be released Friday, October 21)
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Seth Holehouse is a TV personality, YouTuber, podcaster, and patriot who became a household name in 2020 after his video exposing election fraud was tweeted, shared, uploaded, and pinned by President Donald Trump — reaching hundreds of millions worldwide.
Titled The Plot to Steal America, the video was created with a mission to warn Americans about the communist threat to our nation—a mission that’s been at the forefront of Seth’s life for nearly two decades.
After 10 years behind the scenes at The Epoch Times, launching his own show was the logical next step. Since its debut, Seth’s show “Man in America” has garnered 1M+ viewers on a monthly basis as his commitment to bring hope to patriots and to fight communism and socialism grows daily. His guests have included Peter Navarro, Kash Patel, Senator Wendy Rogers, General Michael Flynn, and General Robert Spalding.
He is also a regular speaker at the “ReAwaken America Tour” alongside Eric Trump, Mike Lindell, Gen. Flynn.
Ladies and gentlemen, welcome to Man in America. I'm your host, Seth Hullhouse. So after my last interview with Aaron Brickman, folks have been on the edge of their seats waiting for an update with the big question being, are we still on pace for a 1929 style crash? You asked me, what will happen to our four zero one k's, bank accounts, and pensions? How about our mortgages?
Speaker 1:Is our cash safe in the bank? And how would a crash affect our everyday lives? So I sat down with Aaron for nearly three hours last night to ask all your questions and to understand where he believes the market is headed in the coming months. Because the interview is so long, I've broken it into two parts, with part one being practical advice on how us everyday Americans are gonna get through the coming crash. In part two, which will be released on Friday, we took a deep dive into where Aaron believes we're at in history, the spiritual battle of good and evil, how to get enough Americans to wake up in time to save our nation, and all the signs he's seeing that the elites are more and more frantic than ever before.
Speaker 1:And as always with Aaron, get ready for some moments and to bend your mind around all kinds of new perspectives. I hope you find this interview as valuable and thought provoking as I did. Now, before we get started, make sure you're following me on Telegram and Truth Social at Man in America. You can also catch every episode as a podcast if you just wanna listen. The links to my podcast and social media are all in the description below.
Speaker 1:Or just search for Man in America in your favorite podcast app and make sure you leave us a five star rating. It really helps to reach more people. And folks, by now, we all sense that we're in for a bumpy ride for the foreseeable future. Much of the world's going through a process that experts are calling dedollarization, and China and Russia are leading the charge. So what does this mean?
Speaker 1:Well, the US dollar is a fiat currency, meaning it isn't backed by anything of value. The only thing that really gives our dollar real value is its demand around the world. But now, and especially under the corrupt and incompetent Biden regime, the rest of the world is fed up with the Federal Reserve printing money out of thin air and demanding to trade it for things of real value. So though the dollar is strong right now, it's only because people are fleeing the European currencies, and its strength is short lived. This is why Russia has already backed its currency with gold, and many other nations are expected to follow.
Speaker 1:But what happens if the dollar loses its global reserve status? Well, for most of us Americans, the US dollar is all we know. Right? I mean, all of our hard earned money is completely tied to it, whether it's through the stock market, our bank accounts, pensions, four zero one k's, etcetera. The value of our dollars, our life savings could literally wiped out in a matter of months, weeks, or even overnight.
Speaker 1:And look, I'm not a financial adviser, so please do your own research. But I believe that now more than ever, it's a good time to consider transferring at least some of your wealth into physical gold and silver. Real world assets have stood the test of time, whether it's market collapses or currency collapses. And for this, I'm confident recommending Kirk Elliott. You can buy gold and silver directly, even in small amounts, or you can transfer your IRA into physical gold and silver with zero taxes or penalties.
Speaker 1:Now look, I wanna be really clear. You don't buy gold and silver to get rich. You do it to protect your wealth, especially in times like these. So now's the time, folks. If you wanna learn more about this, open up a new tab right now and go to goldwithseth.com, or you can call (720) 605-3900 to speak to someone right now.
Speaker 1:Kirk Elliott's team of advisors will answer all of your questions and take care of you every step of the way. Again, that's (720) 605-3900 or gold with seth dot com. And remember that the phone number and the website link are in the description below. Alright. So folks, I really hope you enjoy this interview, and make sure you come back on Friday at 2PM eastern, where we're gonna be premiering the second half of this interview, which goes deeper into the spiritual and really encouraging realm.
Speaker 1:So I hope you enjoy. Alright, folks. So here we are with Aaron Brickman. Aaron, thank you so much for not only doing the first show together with me, but for coming back. I have to say, I rarely get the kind of positive feedback that we got from the first show that we did together, not only from just the financial analysis and those details, but it's almost seemed like more people were moved by the deeper spiritual analysis of what was happening.
Speaker 1:And people just loved that interview. And they've been begging, like, please, when are having Aaron back on? When's Aaron come back on? So I'm just I'm happy to finally have you back on the show. Thank you.
Speaker 2:Well, thank you. I really appreciate this, Seth, and it's an honor and always a privilege. And, yeah, thank you. And I did I got some really good positive really from all the shows that I've done so far, which is really only Doug Hagman, yourself and Mike Adams. I really like, I can say it the trifecta that's going on here.
Speaker 2:Everybody's a little different, different formats. And, you know, I'm just a regular guy that that has this opportunity. I know you can identify with that. And so if I always tell people, if I say something intelligent, it's cause God's talking through me because I can be quite the knucklehead. So hopefully, hopefully, he'll have something to say tonight, and we can all learn.
Speaker 1:I'm sure that will be the case. So I wanted to there's a handful of different topics I wanted to dig into with you. And I also just wanna give a quick thanks to the telegram group, the Man in America group chat, because we I had, like, you know, probably a couple hundred responses to questions that people were wondering. So I really wanted to have part of this interview dig into the nuts and bolts of what does this mean for the average American? You know, people that aren't, you know, watching the stocks minute by minute, and aren't, you know, shorting and, you know, understanding how that whole mechanism works.
Speaker 1:So, you know, at some point, probably later in the interview, we can dig into what it means for, you know, banking, four zero one ks's mortgages, you know, cash in the bank or cash in under the bed, etc. So a lot of those questions, we can get into. But if we can first just start with, where are we at? You know, so I know that when I had you on last, it was a follow-up from you being on Doug Hagman's, which was really the bigger picture being that you saw a lot of these indicators and cycles, all aligning and pointing to the fact that it looked like that the perfect storm was being set up for a market crash, which could turn into a collapse. But it was really you're very specific about those terms, know, crash was a term that you'd used.
Speaker 1:And but it was really based upon the behavior and whether the market followed the right patterns, especially as related to what happened, say, in 02/2008, '19 '20 '9, etcetera. So we're recording this on Tuesday evening. I'll be publishing on Wednesday during the day, so that way people can know if they're looking at the stock markets. And so it's, you know, this past couple, you know, see Monday and Tuesday, we saw, I'd say more of a rally. Know, Dow was up, you know, I think, five, six hundred points or so each day.
Speaker 1:I'm not not tracking it like you are. But the big question is, are we still following the patterns that you initially had, you know, kind of laid out? And do you still think that we're headed the most probably towards a crash scenario?
Speaker 2:Alright. So we'll take first things first, which is the pattern that we had been discussing and I had laid out over the last two months. So just to recap for maybe some of the new listeners. So on August 25, did a Doug Hagman interview. I'd laid out a series of hypothesis really, which was that we were headed towards a crash.
Speaker 2:The hypothesis has to fit a number of criteria, number of mile markers that are present in really a roadmap towards a crash. 'twenty nine, 'eighty seven, 'eight, 2020 to a smaller degree, but it's still there in the charts, all had the same sequence of literal percentages, days they would turn, trading day counts. It's quite exotic. I won't get into it tonight. Somebody can go back and listen to those previous broadcasts.
Speaker 2:But I made a series of predictions based upon, they were predictions not, I wasn't foretelling the future. Was saying, if we're going to follow the map, these are the pivots. This is where we have to go. And so they were, for all intents and purposes, the market did that. The market hit all the pivots.
Speaker 2:I mean, like crazy did it. We turned to Rosh Hashanah and we rallied straight into Yom Kippur. We had to top the day before or the day of and we did. And then it has to go all the way back to the bottom and it has to be there by a certain day count. Then even last Thursday and Friday, that tremendous bounce reversal on Thursday that we saw was literally within like 21 hundredths of a percent that 1929 and 02/2001 or 02/2008 and twenty twenty's '19 '80 seven's bounce was.
Speaker 2:So it was like, Oh my gosh. And so I said, Look, you have to have all There's a certain criteria of conditions that have to be present if you're going to have a hurricane or a tornado. But just because you have those weather conditions present doesn't always ensure you're going to have a tornado or a hurricane. So all those conditions have been met. Now I want to be very clear.
Speaker 2:Those conditions are completely separate and independent from larger time cycles that I talked about that included the Saturn Uranus forty five year cycle that's due to bottom later November, as well as a twenty year cycle going back to 1942 that's due to bottom in November, as well as larger cycles, bear market cycles that are due to bottom as late as next July. So whether we crash or not tomorrow morning, that's just a meaning in the next couple of weeks, that in no way invalidates the larger downside cyclical forces, these cycles that are going to be exerting tremendous pressure to the downside on the markets over the next six to nine months. Okay. So I think some people I've had on Twitter are like, Oh, it didn't crash. So are we going to new all time highs?
Speaker 2:I'm like, Well, anything's possible, but it's not all or nothing proposition here. With that being said, we have met all the conditions that were present in the 'twenty nine and 'eighty seven and 'eight analog for a crash. And we met them almost I put out a tweet maybe two weeks ago that something was seriously bothering me and I couldn't put my finger on it. And I won't go into the details of it, but I could just sense something was not right. Even though we were hitting all the mile markers.
Speaker 2:I know this sounds weird to some people, but, you know, a lot of trading, everybody thinks trading is an art form. And I'm not good at it, the way. I'm not a professional trader. Okay? There are really great traders out there and they'll tell you there's a lot of technical, but there's also a feeling that goes to it.
Speaker 2:They called it reading the tape back when we had a ticker. Okay? And you can just feel the ebb and the flow. Kinda like a sports. In sports, you can feel the energy.
Speaker 2:You can feel it shift to an opponent during the game. Okay? And even before they intercept the ball, right? You can feel that something's not right. This is about to shift.
Speaker 2:And so I was feeling that last week. I I didn't understand why, but part of it was because everything was super accurate and easy. Okay? Like crazy. Like people will go back and listen to all my predictions.
Speaker 2:They were crazy accurate. Okay? According to this map. And when when something is starts getting really easy, I get really nervous. Okay?
Speaker 2:Because something is not right. Something not right is the last forty eight hours. Okay? The last forty eight hours in the market was now that something's not right. Without getting technical with the audience and having to go through charts and stuff, o eight was crazy hard to trade, like insane hard to trade.
Speaker 2:There's no just one direction. They're like one day they're up, two days they're down, then one day they're up. I mean, it's like all over the place right up until you crash. And I can tell you in real time, it was super hard to trade. This was like 1987 and '29 on the chart, it was just easy and we're just going down and there's hardly any rallies.
Speaker 2:The last forty eight hours, it's starting to feel like, oh, wait, it's starting to feel like what it really should feel like. One of the and I know there's a lot of what I want to say is counterintuitive. But Wall Street, I mean, we have the bull symbolizing bull markets. If you're about to kill the bull, the bull is not going to just lay down. Okay?
Speaker 2:It is going to be right. We've all watched the PBR, professional bull riding. If you can stay on it for eight seconds, you're a champion. It's going to end. That's what this thing is now trying to do.
Speaker 2:It was too many people short. Everybody was getting short. Everybody knew. And now hardly anybody does. Now everybody's a little confused.
Speaker 2:Okay. And as we go every day, everybody gets a little bit more confused. That's what that's what oh, wait was.
Speaker 1:So quick question for you. And so just one thing to, you know, I had someone ask in telegram. Can you explain what it means to be short?
Speaker 2:The I will give the five year old definition.
Speaker 1:Perfect. That's that's my definition.
Speaker 2:Okay. The five year old definition is if it goes down, they make money.
Speaker 1:I see. So you're
Speaker 2:basically betting, you're putting your
Speaker 1:money on it going down, right?
Speaker 2:Yeah, there's all kinds of whether you can get, you know, reverse ETFs or you can get actual, you know, futures or options on futures that puts they call them. You could have calls betting it's going up or you could have puts. Basically for those out there, I'm using ES futures and options on ES futures.
Speaker 1:Okay. So when you said that leading up to this week, that too many people had shorts. So, basically, there's a lot of people it's not just you that are seeing this coming and and shorting the market. And so a lot of different traders are now shorting. And then when the it's like when the bull starts bucking again as it did Monday, Tuesday, that throws everything off.
Speaker 1:Is that
Speaker 2:And well, what it does is that they all cover their shorts. Because they're gonna lose
Speaker 1:money if
Speaker 2:they stay Correct, because they'll lose money if they hold on to those shorts. So now they cover their shorts. And so you get these violent What most people don't understand is that the biggest rallies occur in bear markets. So it's kind of uncommon if you think about it during the bull market over the last two years, three years after the COVID lows, where you'd have 34% moves in a day. Or you'd be down 2% and then all of a sudden reverse it and an hour later be up a percent and a half.
Speaker 2:That's the kind of stuff you see in bear markets. It's going to throw everybody off it can't they can't the easy way is they can't pay everybody. They're not going to pay everybody to make mean, it's not making a million dollars in life is hard. If it was easy, everybody would be a millionaire. And so the and what bear markets are notorious for doing is they actually take the bull's money and the bear's money.
Speaker 2:So just because you know it's going down, a lot of those guys still won't be able to make money because of this type of volatility. Okay? So you have to either be really good at what you do. There's always luck involved for the So there's a percentage that are just lucky. Or you have to be so obstinate that you're just going to just close your eyes and endure the pain and suffering until the end.
Speaker 2:And really have that fortitude that you actually believe that in spite of what your eyes see and in spite of what you're feeling that it's gonna crash, okay? And I'm not saying that's good. I'm just saying those are the type of people that are going to, you know, because right before it crashes, it's going to look like we're going straight up. Give you an example. Somebody can go look at a chart and go look at September.
Speaker 2:Wow, that's interesting. Eighteenth and nineteenth, I just had a thought. September. Market is on the verge of crashing. I know because I was short.
Speaker 2:Hank Paulson comes out on a Thursday at noon, backstops the money market funds. And the stock market goes up Seth eleven percent in one and a half trading days. Okay. Wow. And I was short.
Speaker 2:I can tell you it was the worst two days of my life. Okay. And I went into that weekend thinking, Oh my gosh, I'm dead. Like I'm dead. Like this is insane.
Speaker 2:I'm dead. Like I thought it was crashing. I know it's crashing. But what the heck? And we come out of the gate on Monday and we literally started the three week crash.
Speaker 2:What they were doing is they were clearing everybody out who was short right before. Okay. So a here's a people yeah. Go ahead.
Speaker 1:For you is when you say that they were clearing everybody out before the short, it almost implies or paints a picture that there's a control of what happens with the market. That is that is that a correct understanding? Is that there that it's not just some, you know, kind of anomaly or some representation of everything and you know, the human condition kind of mapped onto a stock chart? It intentional that do you think that maybe it's the Fed or whoever, whoever it is, that they know that the crash is coming, and so they're doing some last minute tricks?
Speaker 2:Well, there's okay. So that's a great question. So I get this question all the time. Is there manipulation on Wall Street? Yes.
Speaker 2:Right. Is there collusion? You know, and and let me rephrase that. Does the Fed intervene in the markets? Yes.
Speaker 2:I can tell when the Fed's intervening in the markets, and I'm not gonna get into how, but you can traders can you can tell when there's some key intervention in the markets and how it trades and especially what time these inflection points show up. But putting the Fed intervention aside, just the banks and just the trading desks, okay? There's so much money that even if they want, let's say they want to get short, let's say they know it, There's a there's a number of ways they can do this. And I'm not going to get into the mechanics of how they can do it, but, they can buy at key support levels and they can also sell at key resistance and key support levels in goose the market and create because they're dealing in billions. The average investor, even he's wealthy is dealing in millions.
Speaker 2:So this is in big beats small in capital markets. And it doesn't mean that they can alter the overall outcome. Okay. There's no entity is bigger than the market in natural forces. But can they delay it for a day?
Speaker 2:Can they position themselves and their clients properly by causing rallies or collapses at key inflection points on the chart? Yes. Okay. For a moment in time. Okay.
Speaker 2:And that's really that's what they're they're definitely doing that.
Speaker 1:Makes sense. Okay.
Speaker 2:I mean, haven't had true luck even in during free markets and somebody's gonna say, that's not a free market. Look, that is a free market. Free markets are not fair. Okay.
Speaker 1:It's true. Right? Big guy still he ripples the water a lot more when he throws his rock in there.
Speaker 2:Yeah. And then if you wanna talk about not fair, go study the history of Wall Street in the eighteen hundreds if you think it's not fair now. Okay? We have we had the the playing field is much more even now than it has ever been. Markets, just because it's a free market doesn't mean that there's not capitalists with a large sum of money who are going to do the best they can to seize an advantage.
Speaker 2:So having said that with where we're at, the last 48 we have these I put out a tweet on Thursday. It was very timely and I heard Wednesday and I said, volatility is about to increase over the next two days. And that's because of what I saw on the charts. Now, I didn't realize it was going to carry over into the last forty eight hours to the upside, but we are definitely now starting to see volatility like way higher than we've seen it in the last couple of months. That to me is not a good sign.
Speaker 2:That's a bad sign. Okay, it means that there's a lot of indecision. There's a lot of people losing and making money every hour and then losing it again as it's just getting the moves are getting exaggerated. Okay. And I liken this to an earthquake, right before an earthquake, you're going to start to get some pretty sizable tremors.
Speaker 2:Okay. It typically doesn't just sneak up on you. Okay. There's something, before the fault totally gives way, you're going to start to get larger tremors, larger earthquakes preceding the big one. So some people are like, Oh my gosh, we're going up and then we're going down and then we're going back up.
Speaker 2:Does this mean that we're not crashing? I'm like, Are you kidding me? Regardless of your roadmap, that's not healthy. That is not healthy. Because in a crash, you're going to get really exaggerated moves.
Speaker 2:I say exaggerated moves in a typical market, maybe you're doing a percent a day, maybe, right? I mean, you start getting into right before the crash, you start doing 2% moves. Then they get into 3%, four % moves. Then typically during the week of a crash, you're talking 6%, seven %, eight % daily moves. I mean, they're crazy.
Speaker 2:Okay? And people want to check that, go look at the last three weeks of the two thousand and eight crisis. That late September, early October and just measure the moves. Intensity is increasing throughout those weeks. So that's clearly happening now, at least in the last four or five days.
Speaker 2:So moving forward, I believe personally, that we are I'll give you a bad analogy. I've traded two crashes, three crashes so far in my life. I always liken it and I tell people, I've been telling people this since the 'eight crisis. When it's time for a crash, this is what like. It's like me taking you to the edge of a cliff at the Grand Canyon and blindfolding you.
Speaker 2:Okay, and I back you off about two feet from the ledge and I blindfold you. And I tell you to find the drop off. And you know, you have to be super careful. You have to lean forward. And what I liken it to is tapping the ground with your foot before you put too much momentum forward.
Speaker 2:Because you know, if you get to if you move that your body too far forward, you will not be able to catch yourself and you'll fall off the cliff. Okay. But you're blindfolded, You're blindfolded. You know it's somewhere close, but you know once you find it, if you're not careful, you'll be in free fall. Well, that's where I think we're at.
Speaker 2:I think where everybody senses you're close in spite of, you know, it's up, it's down. You're you're close. Volatility is picking up. I will say this, and I've said this repeatedly on the numerous broadcasts. You cannot go below where we've been.
Speaker 2:I'm telling you, you do not wanna go below 28,000 on the Dow. Actually, it's not 28,000, it's 28,725. Okay? And yes, you can go to 28,724 without crashing. Okay?
Speaker 2:But you can't, and here's why that's a major support level. It was established there in June and we had a huge rally off of it. And then we came back in Rosh Hashanah and we bounced off of it. And then we came back to it on Thursday and we bounced off of it. I mean, how many times can you bounce off of it before?
Speaker 2:Because what it's doing each time it gets there is it's eating support. There's less and less people willing to step in and buy it. And at a certain point you're going to get there and there's not going to be any buyers or there's not going be enough buyers and the sellers are gonna get the advantage. And then you're just gonna go into free fall.
Speaker 1:Breaks through, it's like nothing will stop it then.
Speaker 2:Yeah. I mean, you're gonna have to go to the next support level and the next support level would be, I'll do Dow because I know the average listener probably watches the Dow even though traders do S and P. But for the Dow, I mean, you you lose 28,700. You're 1 to 24,000 minimum. And I'm not talking to you, you're gonna get there in a couple of weeks.
Speaker 2:You might be there in like five days. Okay. And I said this on Mike Adams program yesterday. If you get below that and there will be a bounce there, They're not just going to go, I think there's going to be a bounce there. There'll be a bounce there.
Speaker 2:Could be fast, could be a couple of days. I'm not talking weeks or certainly months. But I said, look, if he gets below 21,000, you have problems in the banking system. It's that simple. And if you get below 21,000, we're headed to 11,000.
Speaker 2:I kid you not. Can prove it. I can talk to you for an hour and prove my case with the charts And we been on 11,000 on the Dow. Two thousand and eleven, twelve, somewhere around then. So you're talking 70% loss in the stock market in less than a year or a year and a half.
Speaker 2:By the time we get there, I think we're going to get there next year. I don't think it's going be this year, but it could. But I think it's going to be next year. So let's say it's even by next June to get to 11,000. Let's eighteen months to lose 70%.
Speaker 2:You're in a four zero one ks, will let me, yeah, let me Not only is it a crash, Seth, that is way bigger than 1929. Okay. 1929. Yes. 1929 was 89%, but that was from 1929 to 1932.
Speaker 1:Oh, I see.
Speaker 2:Okay. The crash in 1929, that forty day period, forty five day period that everybody talks about, it was a when everything was said and done in the November, you're talking 45%. That's it. I could totally see us this year at 15,000. If they lose the 21,000 support level, yeah, now you're So we're talking about a lot of capital loss.
Speaker 2:Look, up until about a week ago, was already 40,000,000,000,000 just in The US markets alone that were lost this year. 40,000,000,000,000. We're not talking global markets and we're not even talking about a crash yet. Those are numbers that the human mind cannot even conceive of. A billion dollars is a thousand million.
Speaker 2:A trillion is a thousand billion. I mean, numbers are just, and we use them, we read about them in the news all the time and we have no concept of what that is. We really don't. Or how much work and how much sweat labor.
Speaker 1:Economies stacked together.
Speaker 2:Yeah, I mean, talking and you're talking about years, years of investing horizon, years of productivity, years of GDP. It's wiped out. I think it's like 1929. I'll give you the stats real quick for 1929. And I don't believe this is gonna be the case this time.
Speaker 2:I think it'll be far faster. But if you were an investor at the top in 1929, adjusted for inflation, you did not get your money back until the early 1950s. That would suck if you needed a faster rate of return on your capital. I mean, so if you depending on what your investment time horizon is, so if you were 50, that was unacceptable. You had to be about a 30 year old going, okay, I'll I'll catch it when I'm in my fifties.
Speaker 2:That's so that's the kind of wealth destruction. It doesn't come back the next day. Okay? Now I think this one could come back faster than 29 for a number of reasons we don't have to get into tonight. But be that as it may, nobody wants to take that kind of hit on their portfolio.
Speaker 1:Yeah. So with what you're seeing, everything is is almost even more lining up, especially with the with the volatility. And regardless of, you know, as you mentioned before, there's sometimes where god has his own timing, and he throws a curveball. What I'm gathering is it to you, it doesn't really seem like fast forward twelve months, that there's almost it's a very, very rare realm of possibility that our market is still intact, basically. Like you think that we're, we are most likely heading towards a major correction, might you call it in the market?
Speaker 2:So I, I say this, I say, look, anything is possible. I've traded long enough that when somebody tells me it's impossible, I just tell them they haven't lost enough money on Wall Street yet. Okay? I have seen the impossible on Wall Street too many times since the late nineties to say that's impossible. Somebody wanna tell me that the Dow is going up 2,000 points tomorrow?
Speaker 2:It's possible. It might not be probable. Sure. Anything's possible. So having said about probability wise, there's no good news.
Speaker 2:There's no good news on inflation. There's no good news with the Fed pivoting. There's no good news in Europe. There's no good news with energy. There's no good news with OPEC.
Speaker 2:There's certainly no good news with the Biden administration. There's not like there's no good news with the Russians. Now there's no good news with the Chinese. I mean, where do where do the people think the good news is gonna come from? And when they talk about earnings, earnings are all hindsight.
Speaker 2:So I don't care if every company on Wall Street blows out their earnings in the next three weeks. No. That's all the past. Now that might goose the market for a day. Okay?
Speaker 2:But that doesn't mean that when they turn their
Speaker 1:quarter targets or their first quarter targets
Speaker 2:Yeah. But when they look at their fourth well, it's gonna be look. The earnings are gonna be looking at third quarter. So when they go to do their fourth quarter analysis, look, the the the and I and I said this on the broadcast with Mike Adams. Look.
Speaker 2:Every time the market rallies, they now gave the Fed license to continue. Okay. The market is the market is not taking the hint from the Fed. The Fed told you what they're going to do. And nobody believes that the Fed's actually gonna follow through.
Speaker 2:Only the Fed has been consistent both in their speeches as well as their actions all year. And it can to the complete surprise and shock of Wall Street. And the Fed is going to continue. There is no pivot coming. They are going to break something.
Speaker 2:They're going to break it by design. I talked about the reasons why with Mike Adams. And everybody thinks that the Fed is there for the stock market. And part of that is because of them improperly acting over the last twenty years, that was their mandate, when the Fed is there for far bigger reasons than to support you buying Tesla. I mean, that's not what the Fed is there for.
Speaker 2:But that's what the investor class has come to believe. Because of that, they've been very reckless in their investment decisions and in their leverage. And I think the Fed is taking away the punch bowl. And so not only do you have the Fed taking away the punch bowl, But then you have the economic policies, are different coming out of the Biden administration and Congress, which I would argue, I know the Fed gets a lot of blame and they should because I got a lot of bones to pick with the Fed. But if you want, I'll tell you who's, leave it to the Biden administration to make the Fed look like the adults in the room.
Speaker 1:Okay. That's a good quote.
Speaker 2:Seriously. And they do, they're making the Fed look like the wise old man that's having to put a stop to what Congress and
Speaker 3:yeah. So looking at,
Speaker 1:you know, what this means on the ground for the average person, like, let's first take a look at, because you've, I think, studied a lot of history and looked at just what happens to life. I've also in listening to you and talking to you, you're really good at extrapolating data and painting a picture of how life changes and looking at just different cycles of humanity, civilization, etc. So let's just pretend, you know, as a hypothetical scenario that by June of next year, the Dow is at 15,000. What does that look like in terms of everyday life in America?
Speaker 2:Alright.
Speaker 1:Paint paint a picture for us.
Speaker 2:Yeah, we'll take take a couple of different classes. We'll take we'll take an entrepreneur for one. So an entrepreneur is gonna have harder access to capital because the capital is being destroyed. Credit costs of capital will continue to rise, meaning interest rates are going to go up. And even if there is money to be deployed or loaned, because of the risk of the capital, they'll require greater interest rates to be attached.
Speaker 2:The good news for that employer, that entrepreneur is if he's hiring, he'll have a better selection at a lower cost. Now, if you're the worker, you're going to have to look for a job. I mean, you'll just be happy to have a job. And I saw this in 'eight, I owned a company in 'seven and 'eight and I was so happy for the crash because from an employer standpoint, it was getting totally out of hand in 'seven. I mean, the college grads were coming out and every college grad that we interviewed thought it was a rite of passage to come out of college and get paid 6 figures.
Speaker 2:Like that was crazy. Like that's crazy. And they were just happy you were interviewing them in 'nine. They did not have a strong negotiating power in 'nine like they had in 'seven. So from an employer standpoint, it was really good.
Speaker 2:From the standpoint of investor, Oh, and let me just say with the entrepreneurs, what's great about creative destruction, what's great about what we're about to go into besides the fourth turning and more macro conversations, but just at the ground level is necessity is the mother of invention. So it's during these collapses, it's during these, we'll call it economic cleansing events, that you get a whole nother class of innovation, okay, in entrepreneurs that begin to rise up with new answers, new questions and new ways of doing business. So I think that in this regard, from an entrepreneur standpoint, there's going to be a lot of advantage and a lot of time that they can pour into the new inventions and really offering at the ground level opportunities that didn't exist prior. When it comes to an investor, the investor class, worried about the entrepreneurs per se, but when it comes to the investor class, it's gonna be it's it's not gonna be good. It's just I mean, how can it be?
Speaker 2:If you're if you're an investor, so let's take let's take our asset classes. Classes. Okay. So for people that need remedial economics and asset classes, you have precious metals, you have real estate, You have bonds, both corporate as well as government bonds. You have equities.
Speaker 2:Oh, and you have crypto now. Okay. The new asset class. And you can argue you got collectibles and fine art and all that stuff. We're putting all that aside, know, I don't I doubt you have Picassos hanging in your living room, Seth.
Speaker 2:So we'll we'll
Speaker 1:I've I've put that money towards bags of rice and ammunition.
Speaker 2:There you go. Well, there you go. Yeah. I don't have any Picassos either. But getting to, you know, outside of the collectibles, so getting to the main asset classes.
Speaker 2:So we'll take gold and silver. Gold and silver, I'm gonna say a couple of things. There's always gold bugs in the audience and I love gold. Fuck. I was buying gold, bought gold at the the day of the low in like '99 when it was like printed.
Speaker 2:Think it was like $2.65 an ounce or some crazy thing like that. It was like so for people that don't think I like gold, I love gold, I love silver, but you have to understand how it works. When does it go up and when does it go down? And let me say this to the gold and silver guys out there. Because they're always like, why hasn't it gone up yet?
Speaker 2:And don't you know, it's extremely undervalued. I have to remind people, do you understand that gold and silver is a national security asset? Do you understand you're dealing with a national security issue? And I get a blank stare back like, what are you talking about? I go, well, directly competes with the US dollar.
Speaker 2:That was the former currency. Okay? It wasn't just a piece of metal. So what do you think the power that is going to do if that asset class gets totally out of hand on the upside? What do you think life is going to look like in a system predicated on debt and leverage?
Speaker 2:Okay. So they will allow it to rise at times. I tell people, you are not going to see gold and silver go parabolic and go to the moon until the dollar's collapsing. And I have some good news and some bad news. Good news is that you can make a lot of money with gold appreciating.
Speaker 2:The bad news is you're not going to want to live in that day. This is not going to be, oh, gold is $50,000 an hour, so I'm gonna go buy to the dealership and buy a Ferrari. Okay. The reason that it's gonna be going for $10.20, $3,040,000 an ounce is because the world as you know it is over. Okay.
Speaker 2:So having said that, when we get into gold and silver, do I believe that it should be part of every investor's portfolio? Absolutely. But that is an insurance policy and that is a long term position. You know, don't think that you're gonna invest in it and get rich tomorrow morning or somehow be happy and don't in tracking it on a chart every day, it's just not the way it's going to work.
Speaker 1:That's, you know, guess I would fall into the class of being more of a gold and silver bug. It also comes from, I used to work in the jewelry industry in New York City, One of my kind of incarnations, and just fell in love with it as a material. And, you know, I also I work with, you know, you know, this guy named Kirk Elliott, who's a precious metals dealer. He comes on my show and, and, you know, one thing I always tell people is I try to say, look, you don't buy gold and silver to get rich. You do it to preserve wealth.
Speaker 1:And that's how I've approached it. I'm not right now I'm not, you know, if I have any excess money, aside from say buying diesel fuel, you know, rice ammunition, you know, I might put a little bit here and there into gold or silver. And I'm just doing it really as a long term wealth preservation that, you know, regardless of what happens, I'm going to hold on to that and hope that I don't have to use it. But if I do have to use it one day, it's there. Chances are if it is the day that I have to use it, that because everything else has kind of failed, that I want to I want to have that by my side.
Speaker 1:So I just want to throw that out there because I just continue on Yeah,
Speaker 2:and I, yeah, I think you're No, I I couldn't agree more. And I think that silver, so let me be a little bit more specific and we can move on out of gold and silver, but I'm way more of a fan of silver than gold, way more of a fan for a number of reasons. A, when they do go back, when they actually have true price discovery, silver will outpace gold at least three to one, at least. And it could be crazy. I mean, historically, it's had a 16 to one ratio.
Speaker 2:I think right now, it has, a 90 to one ratio. So it's crazy. So silver and once it has true price discovery, you know, let's say gold's at 10,000 an ounce, well, you're only gonna be doing major purchases with gold. Yeah. So silver is going to be used for everyday transactions anyways, just because of its value.
Speaker 2:So that's gold and silver. That's kind of the precious metals. When we get into the equity market in 401Ks, and this is not financial advice. I don't give people financial advice. So we're gonna talk about what
Speaker 3:I do, not what people should do.
Speaker 2:Because I'm sure this program is sponsored by the SEC. They love me.
Speaker 1:Like most three letter agencies. Right.
Speaker 2:So okay. So equities. This is what I don't understand about the average investor. The The market goes up, market goes down, and they just kind of hold on for dear life over the course of time. And they take these huge hits, these huge drawdowns.
Speaker 2:And what I don't understand is why when they come to appear and everybody has this idea that the decision, the investment decision that they make is like set in stone and it's forever. I keep finding that with people. Like, oh, I you know? And I'm like, you know, you and I've and I've I've had some friends over the last couple of days who had that same mentality. And I said, look, why don't you just go liquid into cash inside your investment vehicle and just wait it out for a month and see?
Speaker 2:And then slide right back. Do you think that all of a sudden there's gonna be this huge bull market over the next thirty days that you're gonna miss? Okay. So just and and and when I said that to this woman, she it would it really arrested her. She was like, I said, You know, too many times we look at our decision making is just like, from here to eternity.
Speaker 2:Like there's like, we can't change our mind, we can't pivot, we can't. I'd like to see people start being more fluid in their decision making and going, okay, this isn't forever making a decision today based upon available information. And as I tell people, I reserve the right to change my mind in the next five minutes. I mean, because you're looking at all You're constantly assessing the situation and data and where you're at in history. And scientists think that's wisdom and prudence to go with the information available to me today, this is what I think.
Speaker 2:But if new information presents itself, I reserve the right to change my mind or to say I was completely wrong. And and I think that that's a healthy way to to especially for investing. So to
Speaker 1:not So with a a four zero one k, for example, I'm guessing that you wouldn't personally, you know, advising, but you wouldn't leave your money sitting in the stock market via a four zero one k at this stage in history that you would you
Speaker 2:Well, I mean, look. If I was Yeah. I mean, you Hey, if you can take if it was me, I would ask myself, could I Look, it's all about risk reward. All of life is nothing but risk reward assessing. Okay.
Speaker 2:And it's not that you're clairvoyant and you know, because you don't know anything. I'll tell you this, the people that say they know, really don't know. Every time in my life that I knew that I knew that I knew, I was in for it. Okay, so I really shy away from people that claim to be the authority. Okay?
Speaker 2:You can have a strong probability, but unless you really know that God told you, there are a few things in life that I will defend, like tenants of the faith. Okay? Outside my core tenants of the faith, we can have all kinds of interesting discussions, is the way I approach this. So I would ask myself, what's the probability? And can I live with a fifty, sixty, 70 percent haircut over the next three, four or five years?
Speaker 2:And if you say yes, and it's now here's the problem. You're going to say that and I want people when we do, like the military does war gaming all the time. I know the government agencies do. When I say this, when you're doing these type of potential outcomes, You don't need to write it down on a piece of paper. This is not an intellectual exercise.
Speaker 2:I want you to think about what that loss would be. So of a hundred thousand dollar account and maybe it loses $50,000 I want you to sit there and spend thirty minutes thinking about what $50,000 can buy, how hard you work for 50,000. I want you to think about what the next couple of years in your life looks like. Okay? We we don't skip it ten seconds of your thought.
Speaker 2:Like and I do this with my son when we're reading the bible. Right? Like, put yourself in the shoe of David walking down into the valley up against Goliath picking up a stone. Like, are you kidding me? Like, think about what you're reading and put yourself in there and you will come out of these experiences, whether it's reading the Bible or reading history or or trying to do problem solving or or war gaming in in in to the best.
Speaker 2:And this is what sports athletes do all the time. Like they visualize what they're about to do. There's a heavy visualization that goes into what they're doing.
Speaker 1:On your brains, I've this, you know, somewhat extensively, and your brain literally can't tell the difference between you experiencing something, and if you if you can visualize strong enough between an actual visualization of that thing, which is why Olympic athlete, they use, oh, yeah, Olympic athletes, they use visualization as a significant training tool because they visualize, say, hitting the perfect high jump over and over and over again so much that their brain actually wires their their their body and their nervous system to do that. And so that's one of ways that they actually practice. So I think that we yeah, what you're saying is, you really put time into these decisions and think about that's a great idea. So, you know, what does it look like if you lose 70% of your money in the stock market? Right?
Speaker 2:Yeah. That's And some people can and some people and look. Everybody has a different I say this with about investment because people ask me for investment advice all the time, and, I can't legally give it. But I tell people, said, look. Everybody has a different risk profile.
Speaker 2:Some people want to be in US treasuries and some people want to be in junk bonds. I mean, completely separate ends of the street. So everybody has a different risk profile. Everybody has, you know, the sixty five year old invested in the stock market does not have the same time horizon as the 20 year old. Okay.
Speaker 2:Can do quick math. No way. Okay. So the 65 year old is much more sensitive to the ups and downs of a stock market, much less a crash than a 20 year old who just got hired and is just starting a family or starting a four zero one ks. The 20 year old is probably not going to do anything.
Speaker 2:He's got fifty years. And then obviously it gets into waiting in your basket, in your portfolio. How much gold, how much silver, how much real estate, how much What does this look like and what are you happy? What are you trying to get? Are you trying to be the guy that makes $10,000,000 Are you trying to be the guy that Like I've talked to people all different spectrums.
Speaker 2:Some have millions and some have $10,000 in a four zero one ks that they forgot about and they're barely making enough money and $10,000 to them is like the widow with a mite, right? Like it's all the money they have in the world and they need to treat it accordingly. Okay? So this is why giving general financial advice is a horrible thing to do. It's just horrible to do.
Speaker 2:I will say this about gold and silver real quick. If you don't have gold and silver in your portfolio, I think you would be remiss if you did not reanalyze that situation. Okay. Why do I say that? I say that because A, it's an insurance policy in times of complete economic.
Speaker 2:I won't even say collapse, let's call it chaos. Chaos. And number two, you've got Russia and China and the BRICS nations and the underdeveloped nations that are all telling you it's real money and it is soon going to be part of a new financial system. I would rather take their word for it than wait for the president to announce it on TV when you can't get gold and silver. Okay.
Speaker 2:So it should be my personal opinion. It should be part of everybody's portfolio. Now some people have asked me specifically, well, gold and silver, buy it now. And I go, well, that's even tough. If you already have it as a percentage of your portfolio and you're happy with your allocation and you're just looking to buy more, you might want to wait for the stock market to crash.
Speaker 2:Why? Because it got killed in a liquidity crisis in 'eight. And only after the stock market bottomed, did gold and silver take off. But caveat being, if you have none in your portfolio, you think a couple of dollars to the downside on silver is really going to make a difference versus getting shut completely out if something catastrophic happened. For example, I'll give you a catastrophic example.
Speaker 2:Do you think nobody knows, but I would take a while, I would make a stab and say that if a nuke goes off tomorrow morning, gold and silver will probably tend to rise that day. Okay? Because it will be a brave new world. Yeah. So it's just the so now if it's just a liquidity crisis that's hurting Wall Street, yeah, it's probably gonna go down.
Speaker 2:But if Wall Street crashes because the Russians set off a nuke, hey, all bets are off. Okay? So this is where, you you know, nobody knows and nobody can tell you. And when you're getting into investment, this is why, you know, Ecclesiastes, cast your bread on many waters. This is where you do need diversity.
Speaker 2:Okay? You can't just be look, I tell the gold and silver guys, don't just be in gold and silver. That's crazy too. So let's have a balanced approach. But yeah, on the equity side, the bonds get way harder.
Speaker 2:And right now, look, there's a faction, there's group that believes that we have seen the end of the bull market and bonds. I'm not going to go into the cycles and why they believe that. That remains to be seen. But clearly over the last twelve months, eighteen months, rates are continuing to appreciably go higher. I will say this, in times of not uncertainty, though in a typical crash, the bond yield is going to go down as everybody rushes into the bond market.
Speaker 2:Two thousand and eight crisis was a perfect example. However, if you start getting into systemic risk to a financial system or systemic sovereign debt risk, which is now what is starting in Europe and Britain.
Speaker 1:We're seeing that. Just a quick thing just to make sure I'm on the same page as you. So when you say sovereign risk, that's when you're talking about central banks failing.
Speaker 2:Talking about nation states. Okay. I'm talking about nation states. And here's the point of that. I gotta drink my coffee.
Speaker 2:The point of that is that in 'eight, 'eight was a housing crisis that really spilled over into a corporate crisis. Yes, you had central bank intervention, but they weren't intervening with each other as much as they were intervening in the local affairs of basically misallocated capital at Wall Street level. Well, that's not what we're talking about right now. We are talking about systemic risk in misallocation of capital really at the central bank and bond and even currency market level. Okay.
Speaker 2:These are Doctor. Yeah. I mean, this is why the I won't go down this road tonight, but I had a friend of mine say to me the other day, Well, why can't the Fed just print? I go, Well, how much would you like to print? And he said, well, it'll probably take it.
Speaker 2:It'll cost a couple of trillion. I go, oh, no, it won't. I said in February, the Fed had to loan 20,000,000,000,000 to the Europeans. Okay, that's on record. 20,000,000,000,000 was loaned to the European banks because of 02/2008 housing crisis.
Speaker 2:We just destroyed 40,000,000,000,000 in US capital markets to date, just US capital markets. So if there has to be printing, it will not be in the tens of trillions, it will be in the hundreds of trillions. And if you think we have an inflation problem now
Speaker 1:Venezuela. It's Weimar Republic.
Speaker 2:It's it is this is where we're. This has always been the end game. Okay, this is the end game. Now, the end game has lasted longer than most people imagined and I think it's going to continue to last longer than most people envision. So I'm not saying it's going to happen tomorrow, but we're now dealing we're not dealing with billions.
Speaker 2:We're dealing in the tens of trillions. And we're dealing at central bank levels now.
Speaker 1:So when you say this is the endgame, what specifically what is in its endgame like the Western financial system? Or?
Speaker 2:So 02/2008. Okay, so I'll give you an analogy. And then we'll talk about what they did. So you find out that your son is doing marijuana and you're really not concerned because it's just marijuana. And you might even make some excuses in supporting him in that endeavor.
Speaker 2:Maybe, Well, you're doing marijuana. I don't really want you to do it over your friend's house. Why don't you do it at my house because it's safe? Before you know it, a couple months, years go on and he's not doing marijuana anymore. Maybe he's doing cocaine And you're concerned.
Speaker 2:But what can you do? Before you know it, he's moved on to heroin and he's moved on to crack and look, because the human body needs more stimulation. It literally gets conditioned. Or an alcoholic, okay, serious alcoholic, who is a functioning alcoholic. They're drinking more alcohol before breakfast than you and I can even imagine, Seth.
Speaker 2:We would be dead and they're drinking that just so they can maintain. Okay. All right. If you detox that person, they're going to die. If you cut them off cold turkey, they will die.
Speaker 2:So medical professionals who are trained in this will, there's a whole regimen that they will go through to try and detox them. I will assure you of this, even if they are successful in detoxing them, the odds of them relapsing are through the roof for the rest of their life. That person is not going to be like you and me the rest of their life. Okay. They're going to probably have to change friends.
Speaker 2:They're going to have to change locations. Probably depending They can't be around the substance. They can't be even in a bar. They can't because depending on their addiction level, they need a complete rehaul of their spirit, but also of lifestyle. So I would argue that for at least twenty years, Wall Street has been that addict.
Speaker 2:And the Fed, how many times has bailed them out? And each time they bail them out, they increase their addiction level. Okay, why? Because the Fed has my back. We've heard this, the Fed has our back.
Speaker 2:Well, if you believe so if your daddy is a billionaire, you decide you're gonna, I'm gonna be a race car driver today. Dad, I need $20,000,000 Are you going to treat that $20,000,000 as if you worked for it? Has no meaning. And especially if it's going make your dad look bad, if you fail, you know you can go back to him and get more money out of him. Hence the term too big to fail, what we've heard.
Speaker 2:The derivatives, I don't even talk about derivatives right now because the derivatives are in the quadrillions. So if you and I can't imagine a billion, and we can't imagine a trillion, the derivatives are at least a quadrillion. So thousand trillion.
Speaker 1:Derivative meaning, kinda like, you know, I saw the movie The Big Short. Right?
Speaker 2:Right.
Speaker 1:Where they have a a, you know, bundle of mortgages package that's being sold, but then there's almost there's almost like there's bets being placed on that. And then bets being placed on those bets and bets being placed on those bets. Right? So basically, it's they're driving more capital off of a central piece of capital. Is that correct?
Speaker 2:Yeah. Look, have they have they have they have options markets on snowfall. We have options market on precipitation. We have options markets on temperatures. Okay.
Speaker 2:Have financialized almost everything and then added extreme leverage to it. The Fed is taking away the punch hole. The markets don't believe that. So the markets I will tell you this. If Fed continues down this road, the markets are not going to say where they're at.
Speaker 2:It's that simple. Okay. And we'll find out because we haven't had capitalism. We haven't had a true price discovery mechanism. They were making bets with money that was being handed to them from the Fed.
Speaker 2:They were making bets through leverage. You start to unravel this and the banks make a lot less money, a lot of companies start to go under, it could get bad really fast. Okay? And I'm talking about the insurance companies, banks. How about all the universities and their endowment programs?
Speaker 2:Okay? It's not just a bunch of billionaires playing in the markets. This is everybody is in these things. Okay? Or you're dealing with entities through your You might not be in the markets as a listener, but I assure you all the third parties that you're doing business with are, and it will directly
Speaker 1:impact Pensions, social security, just all the different.
Speaker 2:All of it. All of it. They're all there. So, and this gets into the retirement funds, which we will not go into tonight, but I can assure you the retirement funds will be in serious jeopardy. Okay?
Speaker 2:At a systemic level. This isn't just Look, if the markets Let me just We're down this rabbit trail for a second. This is if it gets into the banking system and we go, in my opinion, go below 21,000 on the Dow. As long as we maintain a normal crash, is typically like 34, 30 five percent, something like that, like eighty seven and eight were normal, then we'll be fine. Anything far greater than that, you start to see European banks going under.
Speaker 2:When I said this previously, so we'll talk about banking real quick. I've had people ask. My personal opinion, everybody needs to be out of. I am not going to have an account with Bank of America, JPMorgan Chase, Wells Fargo, or any national bank. Those are not banks, not in the traditional sense that you think they are.
Speaker 2:They have all kinds of exposure and leverage on Wall Street. And they have a lot of systemic risk with the European banks. I would be in a local credit union, a state bank. And if you have a lot of money, I would be in multiple banks. What's another question?
Speaker 2:What do you got? What have I not covered that people people are wanting to know about asset classes?
Speaker 1:One of the biggest questions that I am getting is if there is a crash, hypothetically, let's go back to our scenario where we're down to 15,000 by June. What about mortgages? So what if say someone, you know, recently bought a, let's give you a scenario, a half million dollar house, 500,000 house, which is really kind of your average house in America these days. I mean, with with what's happening with the housing market.
Speaker 2:Crazy.
Speaker 1:And say they put 100,000 down, they've got a mortgage for 400,000. Their monthly payment is 2,800 with taxes, right? What happens to their mortgage when we get to that place where the Dow is down, say 50% down to 15,000? Is it
Speaker 2:Well, I could care less. Look, if you're if you're as long as you can afford, hopefully you don't have an arms. You don't have an adjustable rate mortgage.
Speaker 1:My stepdad just had to refinance. He had an arm and he went from 3% to almost 6%. Right? Like, I feel lucky you know, my wife and I, we bought a, I think a thirty year, you know, about a year ago, we locked in it, you know, 3% or something.
Speaker 2:So the thing that Seth, it makes me there's so much I have to choose my words wisely because I know we're not sitting around having coffee privately. There is I can't use certain words. There are things being done on Wall Street that we'll say are not prudent about that for euphemism.
Speaker 1:Watched Wolf of Wall Street.
Speaker 2:Okay. And let me tell you, Wolf of Wall Street is tame. It's tame. Yeah, won't go there. The reason I say it's not prudent is they're selling ARMs, adjustable rate mortgages to people when interest rates are at a forty year low.
Speaker 2:Almost on the ground on the floor at 0%. Like, what direction did you think go back to probability? What direction probabilistically did you think it was going to go towards? Zero or higher than two or higher than three? Okay.
Speaker 2:This is it's I won't call it criminal, but it's you get the point. And they got a lot of people in there. And if you think it's bad in The States, I won't go into the numbers in England, but they have a ton of people in arms over in Britain. So that's the kind of stuff we're talking about, so if you but if you're in a fixed, look, if you're in an adjustable, I'd lock that stuff. I mean, like I'd fix that or you're in trouble.
Speaker 2:If in a fixed, hey, I don't really care who's holding the note. I mean, the notes are gonna get purchased by somebody. So if the bank that's holding the note goes under, they're gonna take all that off their books and they're gonna get somebody's gonna own those notes. You're not gonna get
Speaker 3:a pass. Okay? You're not
Speaker 2:getting a pass because it's a legal contract. But I don't really care who owns the note. I don't care where I have to now mail my check to. Am I missing something in that question or is that did I answer
Speaker 1:helpful. I mean, so, you know, what I take away from this, you know, I'm, you know, I have been paying off my house in a year. You know, I'm not that kind of guy that can do that. So kind of how I'm looking at it is I'm saying, look, as long as I, let's just say that things do bottom out, or it gets really rough, I'm saying, that's part of actually, for me, part of the reason why I want to have a little bit of precious metal set aside. So if I have to, at, know, worst case scenario, I can pull some of that up to at least make sure I'm making my monthly payments.
Speaker 1:I think that's the big, the big thing for people is that, you know, it's like, yeah, if you're in a if you're in a mortgage, you know, think about it. If the market goes down 50%, there's going be a lot of layoffs, a lot of big companies are going to shut down. So can you can you lose your job and still pay for your mortgage? That becomes, I think, the bigger issue in in that kind of scenario.
Speaker 2:Yeah. I would say if you're and if you're if you're if you're looking to buy, I'm not sure there's a rush. Yeah. Okay. I mean, I would Again, I talked about this on another broadcast.
Speaker 2:Cash is a huge position. That's actually the other asset class we really didn't talk about is cash. Cash is a huge position. And I know everybody wants to talk about the dollar and assign it to the graveyard tomorrow morning, but I really do not think that's the case yet. Okay?
Speaker 2:We're seeing nothing but the dollar appreciate relative to all currencies around the world. Okay? That doesn't mean that the dollar system doesn't have its problems. It does. But look, it's the prettiest pig.
Speaker 2:K? It's the pig with lipstick. K? So you have to you you it the
Speaker 3:it's not you know, they've cash is a huge position. Why is cash a huge position? Cash is a huge position because every you know, hardly anybody can put their hands on cash in America. When they do need to raise cash, it's gonna be there it's gonna be a fire sale because everybody else is gonna need to be raising cash. So you're not gonna get what you want.
Speaker 3:K? We've seen the famous pictures of this 1929 crash and these beautiful cars just being dumped. I mean, like, it's gonna be liquidation. So you're gonna be the person like the person in 02/2009 and October that could walk into a neighborhood. And if they had cash, oh my gosh.
Speaker 3:The deals they were getting on homes, crazy. I saw I was I I I've I know people in Florida who who got $5,000,000 how homes on the water in Florida for 1.3. I mean, that's a deal. Yeah. Okay.
Speaker 3:I mean, now the banks weren't gonna give you a $1,300,000 loan, no money down. They that day was over. Okay? So you might have to put 25, 30 percent down. But if you could do that, you got crazy deals.
Speaker 3:And I and I think so. I I think that's look. Being prudent and being smart it's hard going against the narrative. It's hard being the black sheep. It's hard walking your own road.
Speaker 3:But I tell people, I raised my son with this. If you ever find yourself in the majority, you need to stop and seriously question yourself. Because that doesn't mean the majority is always wrong, but the majority is hardly ever right.
Speaker 2:K? And
Speaker 3:if you want to live in the neighborhood with all your friends, invest the way they do. If you wanna live in the neighborhood with the billionaires, invest the way they do. They're telling you. It's just that nobody believes them. So they're not hiding it as a secret, but nobody wants to that.
Speaker 3:Everybody wants to get stock. Everybody would rather get stock tips from the shoeshine boy or stock tips from their neighbor. Like, dude, if your neighbor really knew what he was doing, he wouldn't be living next to you. Or I have some people that think I must be some, like, awesome trader, and I'm like, dude, if I was an awesome trader, I'd be trading this crash from the from my yacht in the med. Okay?
Speaker 3:So let's use a little I mean, maybe I have some wisdom that God gave me, but I'm not trying to be somebody I'm not. I'm not, you know, all knowing. And and we really need to we really have to I'm waiting for the adults to come back into the room and we have adult conversations and and and think through these issues and really, really stop just getting into a herd mentality. Yeah. Because the herd does get slaughtered.
Speaker 3:History is very clear that the herd almost at all times in history are there for the slaughter. And it's it's the few it's the few that like a passage that the you know, Jesus warned when you, you know, when you see these things. He was talking about the army surrounding Jerusalem flee. Everybody will thinks that that's for now. That was literally fulfilled forty years after when the Romans began to surround Jerusalem.
Speaker 3:It was very few that fled before they shut the gates and over a million Josephus records this. Over a million people were slaughtered in Jerusalem by the Romans. Okay? And it was so horrific. They they slit their bellies open to get the gold coins that the people, the Jews inside inside Jerusalem had swallowed.
Speaker 3:So it was blood everywhere. It was total. Just see if this records the carnage. Okay? So I I go on that little tangent to say that that you you it doesn't mean be a maverick for the sake of being a maverick and just be a total rebel and don't use any logic or reasoning.
Speaker 3:But it's to say that that that we that it's a false comfort that we all take when everybody else is doing what we're doing. It's a false comfort. It rarely works out for us. So I just encourage people to think differently and be a maverick. That doesn't mean you're always going be right.
Speaker 3:But own your decisions, own your investment, and don't be afraid of being different. Yeah.
Speaker 1:Alright, folks. So that concludes part one of the interview. We still have almost another two hours worth of conversation that we're gonna be publishing on Friday at 2PM. We'll do it in the same format. So I'm live right now.
Speaker 1:So we'll do it in this format. We're we're publishing it live. That way, you can see, you get the notifications. And part two is where we get much more into the the the, aside from the financial, the the real Aaron Brickman conversation. We dig into the fourth turning.
Speaker 1:We talk about the great reset, the rebuilding, the collapse of the old systems, the rebuilding of the new systems, how we can make it through this, which he he's very confident we can. It's not a certainty. But he is very confident that we have the ability to get through this. That's for sure. He shared a lot of, you know, stories from his military years.
Speaker 1:So he's actually an air in special forces. And this guy is like he's you know, not to call him a killer, but this is the guy that was like the tip of the spear on operations. This is a guy who's the first person going in, knocking down doors over in The Middle East, etcetera. So he's got an incredible background. And I think that you're gonna really, really enjoy the second part of this interview.
Speaker 1:Because what we also do is we break down just in a very real way where we're at in history and where the elites are at. And I hate using that word elites, but I use it because it just you know what I'm talking about when I say it. And he gives a lot of information that really paints a picture that he really believes that the elites, the powers that be, are very, very weak. Actually, he said that they he believes they are in the weakest place they've ever been, which is encouraging. Now he also said it's the most dangerous because a wounded animal is the most dangerous, but that they are very, very weak.
Speaker 1:So we talk about, you know, how to wake people up, how to get the American people to really understand what's happening in this world and really step forward. We go into what kind of a revolution, you know, righteous revolution is needed, and not one of violence, but one of non action. And anyway, I won't say too much more about it, because I think you're gonna really, really enjoy the interview. Like I said, it'll be 2PM on Friday, eastern. And I also just wanna thank I I wanna thank all of you.
Speaker 1:I see we've got, you know, you know, almost 2,000 people watching across different platforms. And I just wanna give you a sincere thanks. You know, it just I feel so blessed to have you all along with me on this journey as we're discovering the truth and figuring out how to save our our country, our families, ourselves. And I just I feel so lucky to have you here. So I really, really appreciate all of you that take time out of your day to join and watch these live shows.
Speaker 1:And as you can see right now, we're our goal is to really start having a show at least Tuesday through Friday at 02:00 for you. It's not set not set in stone yet. We're still gonna have our, you know, Tuesdays and Thursday shows, but we're really working towards, you know, producing more content and more reliability in the schedule. I also wanna say make sure you join me tomorrow at 2PM eastern, because I'm gonna have Trevor Loudon who I've had on before. We talked about the enemies within the church and the subversion of the, you know, the church within America by the communist.
Speaker 1:And we're gonna be talking all about the communist roots of the gay and trans movement, which is gonna be quite incredible. So because if you watched the interview I did with Kevin McGarry yesterday about the Marxist and communist and satanic roots of BLM and abortion, we're gonna be kinda looking at the same through the same lens to understand, you know, why is this massive push of transgenderism and, you know, the drag queen story hours? What's behind this? And what made me wanna have Trevor on is I recently watched what is a woman with Matt Walsh and was incredibly impressed. If you haven't watched it, I highly recommend watching what is a woman with Matt Walsh over the Daily Wire.
Speaker 1:But it let let me thinking because he didn't really go into the bigger picture of why who's behind this? Why is this massive push happening in our country to move our children into a place where they don't even know whether they're a boy or a girl? Like, why what is this? And so that's gonna be my discussion with Trevor Loudon. So I hope you can tune in tomorrow at 2PM eastern for that.
Speaker 1:It's gonna be an incredible show. And that will be a full live show, so we'll have the q and a towards the end as usual. And that's it. So thank you again for joining us today. It's it's always a pleasure to be here in front of a camera with you, and I will see you all tomorrow at 2PM.
Speaker 1:So have a wonderful day. And also make sure you put a little mark in your calendar because Friday, 2PM eastern, is part two of the Aaron Brickman interview. And it's gonna leave you, I believe, with a lot of hope for the future, and also some feeling of responsibility. That's the thing is that Aaron's a military guy. He doesn't give you false hope.
Speaker 1:He does not wanna pump hopium. He says, look, we can do this, but it's on you. So you're gonna really enjoy that interview. So thank you so much. Take care.