Debt, Dollars, and Dysfunction: The Case for Monetary Reinvention and Regulatory Reform
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Nothing in this program should be considered investment advice. IT is for educational purposes only. Please hit pause and read this disclaim er .

in fall honest person, I believe IT says if you give the control of the people's money over to a first by inflation, then by deflation, they will robe of all your wealth.

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Hello everyone, welcome to this next edition of finance. You I am your host, Chris Martin of peak financial investing here again with paul kiker of cake wealth management hate paul.

good to see you. Good after an chis. Good to see you as well.

Well, here we are recording this looks it's around november twenty exactly. And and and there's some really big geopolitical tensions going on out there that have been shocking to me, paul. Ah we've been talking about a bike peak prosperity, uh, which includes the idea that the peaceful transfer of power to democrats apparently means say the words but then loves some missiles into russia.

I haven't seen a lot of market response to that. I'm a little surprised because i'm old enough to remember when prospect of nuclear thermal conflagration was was a market moving event. They didn't really bunch the market even slightly. How do you interpret this? Well.

so I see the headlines. Markets now come in in the books been clear about the responses gonna. So I come in and and we've been testing in in the office some light.

I walk in the office and mine and i'm like, OK, we've got headlined, you got you gotta build, knew a terrace tag has happened or whatever. You ve got five minutes to the positions in the portfolio and be ready to liquid out. So they came in and built positions just in case the mark, you know, several things started break and support levels in case there was response.

And then market opens and then IT starts to getting a little more strength, a little more strength throughout the day. And and then I think we close positive day. Yeah, we did.

So i'm confused with today, actually, they shoot the curious muscles. What were they? The storm shadows, right?

Yeah the U. K, some.

The U. K. Storm shadows. And i'm like, okay, so you know the market is just getty. The putting didn't respond IT day.

Is that what that is? I don't get IT, but my biggest concern is, is there's hopefully so so much hope from trump, the unelected, that there's irrational hope with all the things are gonna have to be done in the markets. The markets have so ignored whatever happened in the maybe people don't believe that, that this could accelerate in the war.

War three, I don't know, but I mean, this is a huge red line that they cross that that I was just flapper guess. I mean, american people voted for the man who says he wants to end the war. Clearly popular, vote senate and house now, right? So that's a clear Mandate.

American people do not want to a war in ukraine, but you you're gone to accelerate and run risk and cross all these lines that put in his data is gna respond to in the markets, do nothing. Uh one of the analysis, robo bank put out an article title, you know hey, when you see the the headlines war war three has begun. You may as well go all in the market. Why not? right? He would be proactive.

obviously.

but not that's how the market seems to be behaving right now. And it's irrational.

Well, is that the market is at the market right? There was a theory that went around a while ago, and I think true for corners of the internet. Where is that? The internet dead? Because what happened is that got taken over by bots and there's whole corners of the internet. IT looks like humans, but is really just robots on robots, doing things back and forth, commenting on each other stuff. And so it's dead in the sense that humans aren't involved anymore.

I'm old enough, paul, also to remember when the floor of the chicago merkin tile exchange, ndc york stock exchange, even today, you go the wall street, erna, like traders and, you know, cheered by or something, and they show a picture of a guy usually Brown my face if it's a downside. You know, smiling face, if it's an update, you know taking orders on a piece of paper, right? I think those stock photos are from like the seventies or eighties or something, right?

Because it's all just blinking lights and computers now like so somehow the computers and the headline in nanosecond time frames are watching what the other computers are doing and nobody y's doing anything. So have floated higher, which just means that there's plenty of liquidity to support that behavior at this stage. You know reality need not apply yet in .

this story yet, however, and I think people have become complacent because market valuations, we can talk about the buffet indicator. People are like wow buffs got the highest number amount of cash that he's had a long time time. That's interesting.

Let's go chase bitcoin, right? Like they look at him like have the oracle le of omaha he and he has he has the right reputation for reason. He's good at what he does and he's discipline.

But there's a disconnect between the warnings that are out there and the artificial hope and that there is no alternative and all these you know reasons that people come up with to ignore valuations. And granted, valuations cannot tell you when the market peaks because they can stay above historical norms for a long prison time. But what they do tell you is how much risk is to the downside if and win. And IT will be a win at some point, the future. We just don't know when the market Normalizes and from where we are right now that somewhere between forty to sixty percent, if we don't want this, we don't pull off this, how are act perfectly?

Hello everyone, i'm Chris Martinson of peak sPerry, and I want to tell you about something. So I you're probably heard about the great reset. You know things are highly uncertain right now. There are things happening in the markets that just don't make a lot of sense.

And there's an unfortunate conclusion lurking under all of that, which is that there is some people out there, I call them the red homes of wall street, who have found ways legally, airports, legally, to take your money, your wealth, your stocks, your bonds, maybe even your house from you. This falls under the idea of something called the great taking, and it's a fairly complicated top. But this is what I do, and I do exceedingly well.

I will find ways to understand this and communicate IT to you. And i'll find the other experts out there who just the best at figuring out what you can do and how you can understand this thing. Now I hope that nothing comes with this great taking idea.

I hope that the trigger is never pull, but IT might. So to help you get there, we have the great taking weapon are a variety of experts, and we have seven strategies that we will outline and also contained in this workbook that comes along with the great taking there any time you want. Once you have secured your access to the great taking way in our, you'll be able to download IT, look at IT and you at any time you want.

And you should actually do this with people you love, other people who you care about, and anybody else you think who might even know this information. So with that, please consider taking advantage of this amazing offer to get educated and then take action to protect your well, because the great, taking a very real thing, obviously, they wouldn't have spent so much time for engaging the law and putting in this triggers. If they didn't mean to pull IT one day, let's hope that they don't.

But if they do, I want you to be on the right side of the line so that you're not on the great taking side of the line. Now back to our program. Let's talk about some of these micro pressures.

I mean, unit, in the past, we've talked about how there are certain signs out there that include things like credit card delinquencies, a commercial mortgage, back security delphene es, default rates on auto loans, things like that. There's very signs of stress out there, but somehow they haven't spilled over into a light, wider sense of the market. I think there is a little holding things in a band because, you know, trump out elected kind of a shock.

You know what what does this mean? Um we saw a huge market rally the day after that election right over a thousand points on the dow. Things like that now sort of in that holding period with the usual common this november.

So you ve got your sana laws rally. We tend to drift higher into the end of the years, kind of how things go. So I think we're looking at IT january here to sort of begin to get a sense of what might happen.

Now I got ta talk about the department of governmental efficiency. Doge, great. I don't know, everybody knows this, but the U.

S. Government's deficit spending alone is about six point five percent of GDP. It's a big number and policy represents some big number. I think of the overall growth in the economy, like if we took that six and percent away, we'd be in a capital r if not a little d depression IT would be a pretty, pretty stiff pulled back if the government was not deficit spending at this rate, which of course leads to higher levels of debt because we need do deficit spending you have to take on more debt, deficit debt being too separate. Or here, what do you seen in terms of that? Think there is a chance that the department of government efficiency would begin to rein in that huge deficit?

Well, you just made me think of a tweet the airline must put out. So going to share this real quicker as IT sits the context well, to help us, you have some information on the person that's going to be and they're responsible. So hopefully this full pull out good enough to see.

It's not like he's doing anything else. So here plenty of time to put .

on this IT amazes me how much he he posts so you I was out. This was what? Um no, remember the eighteen so this was a couple of days old.

Six, seven P M. If we don't tackle the national debt, all text revenue will go to paying interest and there will be nothing left for anything else. So know this is in response to wall street map posting. He was only july twenty eight when we reached thirty factory um for the U. S.

National day now about a one hundred days later, which was you pointed this out about a year ago and nearly every hundred days we're spin a true it's growing by trillion dollars interest on national that on place for one point four trillion for twenty twenty five fiscal year. About twenty five percent of us government revenue will go to pay interest on the national bit that that's just unbelievable. This was that as g twenty six, twenty twenty four.

So you've got demand that is in charge that understands if we don't tackle this. And my concern is, is when you pull all of that reckless spending out of the economy, the surprise may be that if the economy has to stand on its own two feet with what the consumers are doing right now. Then there's going to be a big reset that takes place in our expectations of what the reality of the economy is good because we got the highland of bankrupts of restaurants. Well, why are restaurants going bankrupt if there's all kinds of consumers out there blow in line IT out, right? Um you get target, which you show me that you are a earlier target mr earnings and crater yeah thirty thousand.

twenty one percent that's pretty big for a company target size.

Ah and you can't tell me that investors didn't see that come out where the boots on the ground for the investors that are out there to to recognize why are you gona drop what was at twenty twenty five percent? Chris IT, more than that I .

can see twenty one percent.

twenty one percent year down twenty one percent. All of the sud non surprise news that the consumer struggling. So so those are just warning signs for us to take in the consideration. That doesn't matter yet and IT may not matter until the Operation, may not matter until April, but if department of government efficiency gets in there and cuts to fat out, just like any good business would do.

just like that, yes.

Well, if you in your business or I ran my business the way the government is, they position, reposition everything i've guide, stopped this money and and probably throw us in jail for something.

But well, i've heard that department of governmental efficiency run by elan and also with help from the VC and they're taking ideas. One of the places i've heard they're taking ideas is from argentina. So hovey Emily is uh sworn in december ten, two thousand twenty three.

So the end of twenty, twenty three, we basically had about just a little under a year to do some stuff. Paul, what he is done in less than a year is nothing short of a miracle, maybe the kind of miracle somebody like you on and trump would be looking for. Here's a really nice summary of this by ben a ber book.

Listen to this two plus hour interview on like freedmen. He slashed three thousand regulations in just six months. Famously, I think you've seen this thing where.

Works even if you resist .

yeah the ministry of science, technology out we look at the glee, yes, ministry of labor, employment, out, energy, education, duration. He says out, right. So he's done that right? So fifty thousand employees gone from the government is not that big of a country.

And then inflation dropped in his first year from seventeen thousand percent to two point four percent. And they had the first surplus in one hundred and twenty three years in the economy, started growing again. The real economy, not the socialist economy, not the, we tax you so that we can have more workers, so that you can get tax more economy, not that one, right? And million and musk, i've had multiple meetings.

They're going to replicate our model in america. That's what malayan said to like freeman. And this is what I loved.

He had, he had just a couple piece of advice. But lay's advice to dodge was simple, cut to the chase, put IT. Push IT to the very limit.

Don't let down your guard. Remove every privilege. So hit IT fast.

Hit IT hard. Get IT done. People are gonna ry. They're going to explain how the worst thing ever is gonna happen mostly though not have a paycheck and you have to go find something productive to do and uh, will move on and maybe with the healthier substrate. But this is gonna have enormous impacts, I think, on markets and portfolios, IT is really pretty big. How would we begin to analyze this?

Well, we really have no way of analyzing outside of just assuming until we have honest data, I mean, you know real data, let us see where things are. So my assumption would be, so one thing I want to show, because this does set the perspective, there's also look at what's happened to the argentina since miley took over. I'm just been fascinated by IT.

So so i've been watching IT. So and when did you say he took over, Chris? At what time was .

december of twenty twenty three?

So december twenty twenty three. okay. So here's december of twenty twenty three and fix this where it's a little bit easier for people to see.

So december of twenty twenty three would be right in here. okay. Wo look how good their markets have done since december twenty, twenty three.

That's actually october. So if we're going to december right in there, gay, but you see the optimism that occurred after he starts starts coming in. Well, you can see that those markets did nothing for to town. okay.

So i'm not sure what i'll happen to our markets, but what I can do about argentina, with inflation on at the rates that they were run in, everything that was taken place, the corruption that was known there, investors were not flooding capital. And argentina, okay, they were staying away because IT was a no mess. IT was known to be corrupt.

And then malawi has started changing that on now, capitals flooding in. So if we go back to where our markets are now and just how different we are, the argentine, how completely different IT is to what they were facing. And this is the us.

Markets S M P has represent by the S M P. Five hundred going back to january first of two thousand and eight. Okay, our markets are ridiculously overvalue because money has been chasing into the us. Because we've been believed to be honest, and and we've outperformed fees that, that outperformance feeds itself because commodities are down.

Uh, the index is below what IT was january first two thousand nine, eleven percent below the golden sex comedian and emerging markets are eleven point six percent below and um the developed markets index is basically even so. Don't sort did A A great job in this article on, I want to point this out. So male goes in, he trips all this extra. Al pulls inflation down, deregulated in the economy, starts to surge. I think the same thing will happen for the real economy within the us because most of these regulations aren't doing anything except for cramping the individuals ability to to build a business because all they're doing is supporting the monopoly because our politicians have sold themselves out to the individuals who and hire them the most, know all regulations that I see coming through. And our business, probably for fifteen years, have done nothing to protect the consumer outside of cyber security stuff.

I all the business is small business is nothing yeah .

all the small businesses, what they're doing is protecting the monopoly that are in empower and further helping those monopoly, which we call IT the magnificent seven right now because that's which drive in the large majority the market returns over the past couple years. So um don't sort of advisor perspectives put to this great article. I don't want to lose this church.

I'll come back in and references article a minute if you take the average of the four valuation indicators. So you've got you've got the Christ c Price starting jaco from its era's metic main. You've got the cyclop e ten from its arithmetic main, which is just using the trAiling ten year earnings as a deviser.

You've got the cute ray show, which is the total Price of the market, to about the bites replacement calls. And then the S M P composition from its regression, just composition Price to regression train line. So what we're seeing right here are going all the way back to one thousand hundred.

What do we notice? The first major bubble was in one thousand twenty nine. The next we had was in the light one thousand sixties when we get up towards those homes.

Well, one thousand seventy four, we had a forty seven percent client, and the market was sideways from mid sixties all the way in eighteen eighty two. Then we had the year or two thousand. We know what happened there.

So we're three standard deviations, and we just set at one hundred and forty one percent, the all time record high of the average of those for value indicator. So you pull this extra fiscal stimulus of the economy, you cut all this fat out the economy. We're gonna to rePrice is makinson an initially to build that foundation to go forward from.

And it's a long way from here all the way down to to its me. So that's a pretty substantial decline to get back to the baseline over a strong economy is. So I think IT would be painful for industry who believe that passes is the way to go, but I believe it'll be the single greatest opportunity of a lifetime for those who are running to risk man strategy, improved IT and can adapt to however this unfolds in the in the last days, weeks and years ahead.

And all right, so I like this. Can you paul, can you indicate where one thousand nine hundred and eighty seven is on that chart for me?

Yes, let me go back to that. I do you want to reference this? So he gets credit that's genre nash through adviser prospect is marked valuation is the okay, so i've got that night right?

Um yeah yeah, I like dog short stuff advisor perspectives of good, good outfit nineteen .

eighty seven would be approximately run in her cries because we got up and you know, we started to come out and then back. So that's where at all, right? So that's nineteen nineteen. Router in recessions are in the shaded grey area.

Yes, eighty seven for me because that's when Allen Greenspan came in and started doing this whole intervention is fed routine, right? And the feds going to just bail out the market and do the fed put IT nall that other stuff. So with the first thing that happens after IT comes out of that, as he creates the largest bubble that we've ever seen in that series, right?

When you see that, I just crams rayed up there into the two thousand bubble, and then bail out, bail out, bail out, bail out. So they have gotten really addicted at this point. Polar, I think everybody listening to this, including myself as habituated to the idea the defense, just gna keep doing that because that's what they have been doing for our entire adult lives.

But that's not what you necessarily should be doing if you want to run a reasonable tight ship. So I had the great pleasure of a interview, Thomas massie, yesterday, and I asked him about his son in the fed, bill, you know? And and and and I said, guy, I love the bill.

He goes, oh, that's because you know why that build so good, Chris because I put extensive R D into that bill which means um we purpose and and um and distribute from other people's work right? That's polar of that bill, right? It's just this great thing. But he said the federal reserve has just been stealing from everybody.

yes.

by doing their whole printed thon, and then they enabled their partners in crime. Over in congress do not have to tighten their belt because they know the federal was printed all up. And then everybody just started to get sloppy and lazy.

But when you blink twice, you find out that what they're doing with all that is transfering wealth from everybody into they are creating the largest wealth gap in history out of that. right? fine.

I think people are this is a political thing, and I know these are very hard to analyze, but what i'm seeing now, paul, is that people are waking up to the fact that were sick tired to be in sick tired. We don't like with the fda and cdc have done us right now. They have dropped the ball.

They would ve done worse things than that. I thinking, really ugly things are going to come out and people are like, don't want anymore, that we found out our department of justice had been weaponized. And I think people are waking up and going, don't want any more of that.

I think the feds going to have to be in that chopping block array at some point. We're gona have the same. What are you all been doing? You supposed to be the experts.

If you were experts, wouldn't things be working out for everybody? And actually, it's working out less and less well and you have to do larger and larger rescues on an ongoing roling basis. I am worried there's a political risk for them here where they made, they made everybody's ready.

Paul, this is my my fear. I'm ready. Maybe you are too for them to just bail this all out again. What if they don't?

Well, Thomas jephson, I believe IT says, if you give the control of the people's money over to the central bank, a butcher, the first part of that. But this is right, first by inflation, then by deflation. They were of you, of all .

your .

wealth, you know, how do you set the greatest trap? You trained people like pavlov's dog, that when the bell rings, this replaced that bill ring with the fed cutting interest strates. Q E one, Q E two, Q E three. Those closest to the, to the decision makers new.

Those banks new the triers go all in, okay? Those of us who are trying to be prudent managers of our wells, who are who who are believing what proverb is talking in wisdom, the book of wisdom prety crusty danger and had themselves while the simple pass on and suffer for IT. We recognize, hey, we're crossing boundaries before like market valuations are a record.

What they did the nineteen nineties, what Greenspan did, we now no lid to the housing crisis and that blew up and how much damage that didn't. We're going to more the same then all of the sun. There's no alternative, and we have to come up with that.

We ve got to play the game by the rules that are forced on us. Well, there are few of us that are left that are diligent and paying attention to our signals because and I told clients this and told the best man is me, roman them all the time. We don't know if this continues forever.

It's a permanently hot platter. I don't believe that IT is, but that's the attitude that's out there right now. Just people are smart enough not to say that because they don't want to be judged in history about what what happened. individual. You probably remember his name, Fisher and Fisher, the Chris is like a walking memory by I love IT.

So that was an easy one.

Ah so when he stayed there, right? And then everything came apart. So nobody was to stay out. I but everybody's behaving that way right now.

And and there's such complacency and underlying market that when you we see that in every aspect, that's why were playing the game by the rules that are first ponied right now, but unbelievably diligent. And it's okay. Look, if you write down these support levels, they're there for a reason.

They're there there to tell you this is the level below which a vacuum can occur, occur in hurry. So so what we make a transaction and if we get back above IT, we relocate to that capital, you get webs all a little bit, maybe IT goes for another two or three years. But if that road gets pulled out and that deflation comes along, the protest are gonna standing when the passive we're gonna a huge Price for IT.

Is what i'm concerned about this not a prediction that's a concern, but I don't believe that is different. This time we might make records and IT may be a little irrational longer than most people believe, but the surprise right now would be created. I have not talk to anyone at the side of one person that's wife for our life in high, strong, even the ones that voted against truck fully believe that the markets are going to repeat that two thousand sixteen, the twenty twenty seventeen cycle.

But this is a completely different environment than what we had been. So i'm not saying it's not gonna happen. It's gonna a lot harder overcome, especially if dog does what they say they're gona do.

They learn from mali and and they they bring honesty back to the fed or give them I don't even know how that would happen or the fed says we're not going to play this game anymore. We're going on trying to had the shadows and they pull the money. Speak its .

out well, I mean but this is the main point which which again is is a brain twister. But listen, trump came out the other day and said, what if we got rid of income tax, right? Oh, but a good idea. You know, that sounds fine. We're going to you you put the data next year twenty twenty five or turn the mist of now for the government fiscal year on track to spend one point four trillion dollars on interest pay alone eight twenty five percent of the government's budget, right? So here's a question.

This is the brain twister, and this is the substance of the end, the fed bill and things like that is, why wouldn't the change what great harm would happen if the treasury just issued its own money directly, didn't borrow IT? Like, is the fed and its proxies doing such enormously valuable service that is worth one point four trillion dollars to run that for us? Because that's the cost of the interest to have a banking system run our money supply.

okay. How many businesses can you name that are a one point four trillion dollar business? That's just the interest that is like risk free profits, right? They just happen because you and I work hard and pay our taxes. Now that other stuff pats the game. So so once we open our minds that I think this is what i'm trying to, I think this is what's gonna tee up for next year if they don't get us in the world, world three year crash, the economy between here and an inauguration, these kinds of fundamental questions are going to get up and at least get debated. So what would that happen if we just issued our own money directly and just cut the banks out?

Just get a question.

Not bad. Far as I can tell right now, you're still you're still overspending, you still probably have inflation, but now you're not paying interest on IT.

yes. Yeah, that would be pretty amazing. And that the assumption would be would put power back to the people because one thing I noticed, two thousand and eight, all of your local community banks were taken out.

Now we have one that's here, but we used to have five, and we've got one that's left. And there one a few that stays standing. You could walk in to those banks back the end before two thousand and eight and get a signature long and get easier access to capital.

Now, the only way you can get access to couples if you don't need IT. Lastly is kind, all kinds of access to IT, but the individual does that. So if you put those are, if you take away the easy money at the expense of the taxpayer away from these make banking institutions.

In that case, I would assume that that brings serving the individual back and that would be a massive boost for the economy because that's another way that the monopoly are protecting themselves is, you know, they raised after two thousand night, the capital to start an individual buying to five hundred million dollars. I believe IT is, I have thought about that number in a long time, but IT was huge because I have gone him with several people I might hate. Let's go.

Let's take this opportunity to start a bank. No priority you had raise ed, like twenty thousand million dollars capital, start a bank. Then they raised at five hundred million, which acts is out all of the big players.

So if you bring that back to where the people can compete with, with gaining access to capital like the monopoly can, I think IT was you, jorden Peterson, both of you, I think you talk, you actually started talking about demoralization. That's why kids aren't doing things that demoralized, right? They see all this instagram about how things could be, but they can't compete with these monos because they've shut the gates down.

Everything you put that back in the individuals hands. Now you have hope, you've got the american dream that can come back. You have you have a reason for our kids to look forward to being able to be their own business owner and compete. I think that's what on the other side of IT, and I think that's what we've seen happened there with George and teen citizen with mali quan an and and getting rid of all those regulation ran.

And um you know you always need a few regulations and make sure people are safe and secure and and things like that. But but we've got way too far down the regulatory path at this point in time. And and um well, you know this like I because you got your own small farm and maybe it's different where you are because you're little more agricultural. But here, if we wanted to get to an approved U S D. A slaughterhouse, we either have to cross state lines and drive two and half hours, or we got to go the other way and drive three hours a long way to go.

And IT just doesn't work out.

For a small farmer, you gotta lose your animals up before dark, you know, and take him on a long, stressful ride. All of that other stuff just, just doesn't work out, you know. And the rules there are extraordinary, right?

That is down to like what kind of like bulls you have to have in which direction your foss is turn. And I mean, it's amazing, right? Please book this thick, you know. And yes, just just got a silly point.

I mean, we see what we see IT at all levels, right? I think last year in this state of a masuo, as they added this many inches, I mean, almost a full inch of new code to our building, code to which are already this thick. When I, when I was a boy, I was on a framing construction crew. The the code book was like a pamphlet, literally was put this many nails per board or whatever, you know, like IT really was. We added this many.

No.

nobody can explain why.

How many of hello? How many of helped visit? Hey, here's my experience. I grew up, and my grandfather was in the timber business, and then his boy's, my father and my uncle opened a lumber supply.

So I grew up stack and wood, right every time that I wasn't work, and I was stack and put supplies together. And we sold a lot of pressure, pressure traded timber. okay. So there are decks that were built in nineteen ninety six and one thousand eighty seven before the regulations change that have not had you have not had any rot.

And that pressure trade would no look, I don't know all the chemical science behind IT, but I will tell you, from my observation, I had splinters in my hands all the times a kid IT fester up a little bit. You pull the faster, pull the spanner out, but is still festers up when I get spinner handling wood around the farm, things like that, you going to all the time too. But I don't know anybody who had had any major impact to me.

That seems like you, when you buy pressure, traded wood today, it's a joke. About seven years you gotta replace your deck. Well, you know, then I got to thinking, and after spend in malayan wall tree, and no one how that workers, and like somebody paid somebody, this is my suntan.

No science behind this. Just an observation. Correct me from wrong.

But my observation is, makes me question, was that really about protecting people in the environment? Or was IT about you know increasing regulations so that you're selling more product? Would we not be Better off to have uh uh materials because I don't know anybody that was impacted greatly by that. They are going to last for twenty five or twenty six years verses something that has to be replaced every seven years because now that benefits home deepo and lose a lot. But there's not that many small lumber supplies that are around to compete with them anymore because it's hard to compete with those top monopoly powers when they've got access to wall street money on capital versus your mom and pop organizations that are in small towns that have a hard time competing with them.

Well, i'll tell you, pursue into that the whole idea that maybe they made A A Greener. Pressure to adoption, right? Yeah I actually look at the total story there.

So we have a uh ninety acre parcel is getting log out right now um responsibly they take about half of the trees but I asked him, worse, the hemlock going and he said, all that all goes to canada like why is he going to canada he said because they pressure treat IT up there and then they ship IT back here because they can pressure treat IT with some stuff that that we're not allowed to hear anymore. So even to get that for pressure treated stuff, now we take trees here, we ship them hundreds of miles. They get treated, and we ship up hundreds of miles back.

And this is Greener, right? Yeah, it's, it's, it's crazy. You know, I have a very simple fix for all these rules, polls. Very simple, very simple. If an agency believes something is really important, right, then they have to funded out of their own budget.

So if they decide, paul, that you have to have a usda inspector at your you're little know local slaughterhouse or abbati, then they have to funded, that's fine. That that's how we know they believe in IT right comes right out of their budget. You know, like you hear about that case, there was an australian b keeper guy, and the agency thought they had detected some pathogen, so they made him burn two million dollars of his equipment, right?

Yes.

I because they felt that was that important. You've tt a burn, your equipment I like, fine and that two million comes right out of your budget that way. We know you believe that was the right thing to do and you find IT go for IT.

That's a great point. Look, we're gonna. You put these things down, but we're not going to destroy your life.

Here's the money for IT. It's out of our personal budget. We fully believe in IT too. That's brilliant. This is a business owner.

If you believe in something enough and you you have to put your own capital there and there's no free money coming in. So so that makes sense. That levels buying film.

yes. And and then I had one other like brain child there there I was talking with evy and that sort of emerge, which was, you know, here's this idea, let's say I wear in a thousand dollars poll and I give IT to you for a half a year. Some be a good deal.

I got that and would be, yeah. And so I had to pay tax on that thousand notes. I give a tear. You got ta pay tax on IT right? Then you give a tear tracor fix, or guy, he gotto pay a on IT.

That same thousand dollars could get tax all the way to, like where more of IT then existed, went to the government. So imagine if you had a thing where there's such a thing as post tax money, you n that you paid taxes on IT. But now IT has a different marker on that. This is where I can see like a cyp dw or a digital asset coming long saying, paul, would you rather I pay you in pretax money or post tax money? Because if I give you post tax money, you're not going to get a tax on IT already been tax government took its new had fun.

right? That's an interesting won't I would .

change a lot of things right away.

I have a hard time pain n anybody .

will post question you but yeah I mean.

where is right now it's not serving the people homing my wife tells me to be very careful, but she's in education and she's like we spend so much time doing things that aren't making a large impact on the the lives of our kids and and she's like everybody means, but everybody he's also trying to serve these you these dictates that are coming down from these individuals that are so detached from what we're doing with on a data debases with the children.

And only one day I was like, nobody let me in there, but i'd love begin in for a while and try and see what we could change. That's not maroo all. I don't want to do that. But I think if an outside perspective came in, and I think that's the problem today, you get these intellectuals that really believe, because they're good at study in the books and they're good at taking multiple choice tests and they think that you have to be trained like some of the individuals in power, like, oh my god, you're bring in somebody and that's not trained enough to do that argument is get somebody is not trained in there to do this so that they can up in things in and apply wisdom and common sense instead of know this aloof intellectual knowledge that is great and theory and horrific and application. So look, we know something.

Thing is gonna to happen here soon. I don't know that happens in the trump administration, but I think it's going to have a to anyway. I think there's a forcing function here.

I think it's from this, paul, which is you know that two hundred twenty years for the first eleven trillion dollars new us debt, four years for the last hunt for eleven trillion, is just going vertical, right? And it's all need to go faster and faster is the dea piles up. The only thing the fed can do to try and arrest that processes to lower interest rates, right, which they could do.

But then, you know who's gonna want to borrow, lend money to the U. S. Government from overseas and that that IT just becomes or getting to the end of this story at this point time.

So we're going to have to do something. And by the way, I don't think we should just be by your liver die because, you know, this system broke. So now nothing works.

I think the fed should face competition. I think we should issue our own currency. The treasury should issue IT a treasury note. And you can decide whether you want to hold federal reserve notes or treasury notes. And for anybody he's watching your confuse, the federal reserve is not part of the treasury, is a federal agency like fedex is not federal leader, it's it's a private cartel and IT issues our currency currently. But what if I had competition, Polly, a big, big believer in competition.

And then if all the student people could choose treasury box or feed box, and they were preferred treasury box, so now the fed has to compete on some basis to get you to interested in their product again. Well, they would have to prove to me that they were being more um careful stewards of that currency and the treasury was or theyd have to offer me a lot higher rate of interest. But I would have a choice I could make at that point. You know I think competition makes us all Better.

Well, one of the problems we're going to run into, and this is why so and you know, but I want to make sure that the audience knows i'm actually really optimistic about the future in spite of all the chAllenges that we have to overcome. I'm heart broken about the situation that we find ourselves in, but I do believe that those that are prudent are gonna rewarded.

And i'm I will be heart broken for the people that or deceived to the point that they have no clue what's coming. guy. But Chris, we're onna have competition anyway where whether we do that or not, the bricks, the band administration, because of their weapons zone of the dollar, has set in in motion the bricks brazil, russia, china, south a africa and all the other countries that have come along.

And we know that they're introducing the unit and the bricks pay. They're moving at that pace. Now all of the sudden, they're not forced to recycle their surpluses back in the treasuries, which has been a gravy train for the us for so long.

So we're get ready to have competition, one where another. And what I hope is just like what mali did when he got into the office and he he just ripped the band they off. Right now, I think our experiences is going be a lot different initially, but it's gonna much Better for the average american, the average individuals going to participate.

The growth that comes on the other side of this, our economy. So i'm ridiculously hopeful because I hope the elon, as you know, I can't remember what. Who was interviewing him when he was talking about all the fact that he got into as a child and how he had the fact he was picked on a line and he stood up wherever he grew, had to fight all the time.

So I know he won't back now. Not pretty because, you know, here's the thing, if you're gonna get into a situation, you're Better off to choose the ground that that you choose the ground drone instead of the ground, be forced upon you that you don't know. So we know what wrong right now. So let's pick this fat, let's get IT up with this, rip this band out off. Let's go ahead, get the pain out of to begin with, so we can begin healing in that foundation as a nation, fda as a nation going forward.

And that our children, our Young adults will have hope going forward and have something to strive for A N A dream to achieve for instead of just hoping that they can climb over and you be employed by one of the monopoly that are out there that's going to suppress ideas, they the nature of monopolies to suppress ideas and keep that competition so they can maximize profitability. What we need is innovation in in that destruction. What's the term i'm looking for a breaking up of the system of these monopoly so so that we can have a larger percentage of the population participating.

Anybody will, in the work, have have a shot, becoming a business and becoming successful. And those who don't conserve for the consequence, the american dreams. S should be that you can suffer the consequences of your actions, both good and bad, right? If you choose, if you choose not to try, then you'll have the consequences of choosing not to try. If you choose to try and your successful, then you can reread the consequences of being diligent and provided.

Well, uh, here I have a free business idea for somebody. Government worker retraining centres open them up right now because this is this is basically every one to two of these is eight hundred thousand, so about two and hf that's a million extra workers so that's a one two million extra workers in the federal government slapped on since twenty twenty um wow two millions or up at all time high of um what's at out twenty three million, twenty three and a half million people that that's just government workers paul i'll betche anything half that number again contractors not officially counted right um but just tell us wide in the south over time, you do, we do. We really need this many millions of workers.

You is there anyway, we can sort of trim this back to earlier levels. Course is of course there is. Um I think last I heard paul the word hundred and forty lightless call one hundred and fifty million total jobs in this country. Well, if twenty three of them, twenty three out of one fifty are government workers, what's that one out of every six ish, one out of every six workers works for the government .

more or less?

So imagine that you live on a street poll. There's six families on the street. Five, you all get up every day and go to work so that you can pay the that salary of the six family on the street. That's the situation .

actually you are under. So it's point six six. So this round IT because you're going rounded that's yeah one out of every seven workers is is government wow .

um same thing at the state level you can just see like we are coasting along perfectly fine for many years in this little band and then just somehow magically states needed a lot more workers um you know and just piled in there at the end here. So hundreds and hundreds of thousands of people again, very expensive. Um I don't think we can afford all that.

So i'm a big fan of malaya e coming in and mild malee style and saying, let's run this like a business, right? If you run in a business, you should be this clear. You should be able to sit down with any particular employee and ask a question, which is tell me how you add to the bottom line here and they want to have a reasonable understanding of of how that happens. You know what they rolled .

is in that yeah no.

I don't think that we ve rationalized a lot of lot of these jobs here in terms of what we get from.

you know. Well, my concern is, is it's all nepotistic at its core. It's on her and family and on her and friends.

Or you do me a favor and i'm going to bring yours in because, I mean, laser, I gotten troubled because I was on the grand jury after the court, after the crisis in no way. And the grand jury has the capability to to discipline and and examine all the local government agencies. But there were problems with what was taking place in the tax office.

And we brought in under roof, and the I had list questions I was going through. I can't remember the numbers because this just came to mind. But basically, for them to go physically see all the houses in the country like they stated under rows that they did, you'd have to see a home every fifteen minutes approaching.

IT was this ridiculous number. I have the math somewhere, but IT was a ridiculous number and our country is really wide disperse. You know where rural areas, I mean, you're going to IT would be hard to get to unless really organize.

But the best part of that IT was in the time window that they had to do IT for us. They would have to leave the office at eight am and show back up at five without a lunch. And I made the comment.

I said, you can't tell me one government workers is going to show up. I'm sure there are guys. I'm sure there are.

Okay, there's the drivers, but the average doesn't have the drive to show up fifteen minutes before hit the car, work all day long without lunch, show up and get home little bit later. I've just not experiences that very few people have. So the joke is out there.

You know, I got trouble for pointing that out because I don't know any government worker that would be that way, especially on a local level now that there there are some out there, right, if you're one of those, but wherever you go, nobody met. I don't know anybody who's two things that the government employees are really working that hard, and i'm going upset some people would say in that, but that's the reputation that has been earned by the government loans. So it's not efficient.

They need to be held to a standard that the business or business world will be in. There still, business world employees that aren't working efficiently tly either, but it's a problem that we all know is there. Well.

paul, I work for a company for a period of time. They had a policy. The bottom ten percent of the workforce was called every year just happened, right?

So you definitely didn't want them up down there. And there was mostly performance space stuff, you know, was a consulting company. So were you bring in client and doing all that?

So I get IT created a fairly Darwin isc environment. So i'm thinking to myself, get now, what if the government held itself to that same standard and you have to have a yelp review? So so you are an environmental administrator for site planning or whatever. Your job is right. And IT turns out that the most important thing for you keep in your job is how much your clients, the public thinks of you and the kind of reviews you get.

Just that intent of alone an would change the whole dynamic to where they're going to have to say, wow, how can I be helpful to this person rather than how can I trip them up you know and you know fila quota or look busy or whatever the thing is, I am all about incentives. I think this would be great. We we should apply. I don't understand why public, private, why government shouldn't have the same incentives. Business people have serve the customer or go out of business .

well here to serve the people. That's a great idea. This as far as heaven, some reviews could you imagine because being in customer service, so security, I got you just I mean, you're not going to please all the people all the time.

The the publishers clearing house study shows that percent people can be upset. But however, you're doing a job. Hey, thank you for calling.

This is part so security. How can I help you today? Oh, thank you, Chris, for calling in and and be a pleasure talking to you. Let me and they put the effort and instead of going, hello this so security uh, hold on, just a man. I've got to finish my conversation. That's kind of the attitude because I had to call so security with tons clients an attitude no, I mean, there's the rare individual that we get every now then, but that's a great idea to bring that and send me back to the point of serving the american people instead of us be on a burden because we're asking them to service absolutely.

You know, paul, I I look at this, I really do think that um remember elon and mosques, the guy that walked into twitter fired eighty percent of the world staff and nothing bad happened.

right?

Not like they were like, oh, you can do that. This whole place will fall apart. Nothing bad happened. I don't really think they had any downtime. And and now it's the most heavily traffic news organization site to how I consider IT on the planet, right? Just crushing the competition.

It's baLanced then IT used to be in terms of used to be way more democrat leaning now kind of fifty fifty kind of reflects the elector. Now I know that makes a lot of people unhappy on one side that was used to have in their way of having their own echo chAmber, but um you know it's IT just shows what's possible. So I actually think the theme for this next years going to be really reimagining not only how big government should be, but what is actually there to do. Think we just went on autopilot, and autopilot is IT just sort of meta sizes and grows and you know IT, that's just Normal reproductive tic behavior. So it'll be interesting to see what happens if we can get some, some rationalization in this yeah IT should run like a business to some extent.

They really should. I want safe bridges. I want, I want a good place force with the justice system that is true and failure body steals for me.

I I want the justice system in the government to deal with IT, to protect our life property in our pursuit of happiness. Outside of that, we don't need to be sign funds overseas, you to influence our as on other countries, we don't need to be in power building. We need to walk quietly but Carry a big stick. And and if we have to step into something, we do IT because there are no other options instead of, you know, exercising power just for the sake of exercising power. That's that's what brings about tons of corruption.

I like that list. And by the way, if people sort of disagree and think, you know, more regulations are actually the answer to a Better future, check out europe. They got way more regulations, and we do of all the things that have happened of late, artificial intelligence, apple phones, microsoft, whatever you think of in your life, like literally think of a product in your life, almost univerSally IT did not originate in europe.

You know why? Because we've regulated themselves to death. It's just they have no innovation. There's just no dynamism around that at this point time. It's really important if you want if you if you want that life we have you need to have freedom, that freedom, freedom for people to know that they they can have ideas and pursue them without them being stolen by somebody or the government hindered or or whatever.

You know I was I was hearing um the case of a povl, the guy who who invented telegram like one of the biggest messaging apps in the world and he wanted to come over to the U. S. And he's like, this is IT so he goes to and Francisco, he's literally dodging being mugged in faces on the streets so that was not try another city, the fb knocking saying you have to work with us or you can do business and went to the by and he said, oh, it's so good over here.

The government helps you. They they're very like they're very helpful theyll help you find a place theyll you find workers if it's not working out, they'll get rid of them. That like it's just what can we do to help you? Because the government has this point of view in dubai, in in the united, to emerge that they want people to come to them.

And so that's what we got to get back. We ve got to get away from this administration of state. I think there could be a great rebirth. I'm a little worried that we're entering this with very, very expensive stock valuations in a huge amount of debt. It's not clear what the path is. But like you, i'm not afraid of hard work and i'm not afraid of things taken a little, a little bumper too, before we can get back on the right path. In fact, IT may be necessary.

We do, Chris. It's Better to rid the bandit off now so the healing can begin. And yes, it's gonna chAllenging.

But for those who who are ice wide open, they're working with a strategy and not their emotions and can hang in there and or process. You know, there are times where IT makes sense. I might be a little bit more cautious right now to see how this unfolds.

And then as I see how things start unfold, then I can get a lot more aggressive. We drop that way, you know, you start to seeing lights go off how area or where there's lot. So so the future probably can be incredibly brought, if we will love the truth, will open up the the curtains and bring to light everything that's behind the scenes.

And then we get that accountants for the government, to the american people. And so I am am optimistic. I'm excited about the potential for the future. And yes, it's gonna chAllenging.

But for those who are, are prudent and looking to foresee a danger, can protect their families, their communities, and then help make sure to use that position to influence this country for good for everybody, not just those people that disagree with us or agree with us, but good for everybody. Protection of freedom of speech. And one thing about X I love is those community notes about some of those are how areas about. But get that that .

sometimes works .

and bring back and bring back justice again because Chris, when you talk about dubai, so I had a friend of, and I ve got to share the story very quick. So please, in our damming, for a man that I graduate high school was he's done really good, lived in sydney, australia, worked at the U. S.

Embassy that was over there mera gentman. That was in the banking business and ended up in dubai for a period of time. So when he gets there, she's going on to interview for a new job in the cab, driving to to the biggest bill and that's over there.

I can't remember the name of i've never learned the name of IT, but that big. Okay, so she's way up there like on the sixty th for wherever IT is. So SHE gets up there and he tells me I walk into the reception, not panic.

I left mapper SE in the car and i'm scared for right, because it's middest. I'm like, earth milk. How's this going to go for you? And SHE said, paul, I was terrified.

I just knew that I went seeing my persons again, all my personal stuff in there, and he said, I told the reception, reception and I don't worry, he'll bring IT to you when she's like what he doesn't know where I am, she's like he'll come and taught the security and he'll find out where IT is because if he steals your parties, immediately deported back to the country that he came from and they don't want to go back and SHE said that was the safest place that she's ever lived. Her son, summer, could walk down any street in the city because crime was so quickly and justly punished. Some would consider its severe justice that nobody wanted to commit those crimes because they wanted to stay in that country, because that was a good place for them to live.

And if they, if they broke the all, they are immediately sent back to somewhere there's not so good to be. So that works for them. And I couldn't know not everything that they're doing over there do we need but we need to bring justice back into the system and wisdom in there and consequences for for broken the law across the board. Very well said.

Interesting story. I'll like hearing stories about that. I think i've seen some things were were uncertainty like that.

I saw guy in singapore and he said, watched this and he just left his laptop in a coffee shop and it's a sped up thing. If i'm just walking around town for a couple hours, he comes back to the coffee shop there. IT is right.

Just sit there, wait in form, right? But like it's like that in some places, like it's it's in those places tend to be a very prosperous singapore, very prosperous to buy, very prosperous. I think there's a lesson for us in all of this too. Yeah.

that doesn't happen at land. I left my ipad in the back seat in front of me. And and just in case, by the time I was going ten minute, well, I was I had got to pick up my logger so I can go back through security cold.

And of course, IT disappeared, not raised immediately, but you know, knew the seat that I was in and reported IT within fifteen, twenty minutes. And it's gone. That's not where we are now. It's got and it's going. And I knew that I just raised IT immediately.

interesting. All right. Well, that's all the time we have for today. Paul, thank you so much for your time today for everybody listening. If you want to talk with the paul and his amazing team, get a portfolio review, think about what your strategies are, just is a wonderful process.

Go to peak financial investing dot com, fill out the form, somebody will be in touch with you within about forty eight business hours and is a wonderful process. People have learned a lot, and we've given the incredible feedback ball about just going through the process of of seeing what the scenario are. As you say, they are invest your plan that your emotions get a plan. Think everybody needs to have a plan today. So thank you for helping people plan this manor.

And for those view that are out there, I have to run an entire plan for you before I can even give a recommendation. So the the whole initial consultation is is complemented. There's no charge to you and you get some benefit out of that.

So you know, my number one objective is whether it's appropriate for us to work together and night, that's okay. But if I can impact your life and give you Better information so that you're on a wider path, IT was well worth my time because we do the right things, everything else, to take care of yourself. So enjoy IT.

It's fun. Amazing to me on how many people are i'd do this all day long cries. So it's like i'm not shocked by the data and people are just flag guested by, you know, manor tweet and how big of a difference they can make.

Well, I thought that I was on track or I wasn't sure that I was on tracks. I am given piece of man. And a lot of cases, whether we work together or not, because i'm helping them understand the path their own and and make minor adjustments so that they know their own approved path and they are doing everything that they can control to be successful.

Well, excEllent. Thanks for that. Again, peak financial investing dot com, and we can get the process started for you until next time. Thanks for listen poll. They have a great you can usual crease.