World Economic Shifts, Rate Hikes, Oil Wars, Petro Dollar, Where I'm looking right now

about the oil wars. We're going to talk about Russia, Ukraine, rate hikes, and kind of get my whole, uh, vibe on the market. My whole mic just broke off, by the way. So it's gonna be kind of fun. I want to hear you guys' questions. I want to talk about, you know, this whole world that's going on right now, this world economic, uh, changes that are happening. And, uh, literally my whole mic just like literally just fell off the thing. So I'm gonna see if it just holds right there. We're gonna see if we can get this thing, uh, get this thing back. So welcome on everybody. Should be fun. So I was talking to my family members last night about this, and I want to do a live call. This is very interesting. It's happening right now. A lot of people are talking about the Biden administration, about what's going on with rate hikes, the Fed. We're tanking our economy on purpose. What is actually going on? Now, I want to share a few of my thoughts on China and Russia. What they've done, they've teamed up on a new world reserve currency is what they're calling it, and they are trying to displace the US dollar. And so what is happening? Well, let's just dive into that right now. This will kind of paint up. Now, this is before I dive in. This is one storyline that could be true, could also not be true. I'm just a dude in Salt Lake City, Utah, reading information, doing as much digging as I can, trying to put the puzzle pieces together. And I started to make a little bit of a picture for me, and I want to share that picture with you guys. Does that sound fair? Okay, give me a yes or something in the chat if that sounds like good. So this is the plan. This is what's kind of going on. My whole mic is just look at this. You guys want to see this? Look at this thing. It just fell off. So I don't know what to do about that, but I'll just hold it, I guess. It kind of holds pretty well. So, okay. So on China and Russia. So let's go back a little bit in time. So back, if you look through history, almost every war that's been fought was since— it's not all through history, but since about the 1970s. has been about— oil has been a huge component of that war and oil trade. OK? So you go back to Bretton Woods, 1945. We end World War II. Bretton Woods, where all the nations came together, and the United States was pretty much the only country left standing there. And we had a Navy. By the way, navies are very expensive to fund. Having a Navy as a country is a luxury. We had a Navy and we said, hey, instead of us having world dominance, we're going to be imperialistic. We said, hey, all we want from all these nations that are battered up and we just saved you guys from Hitler in World War II, you know what? Let us just keep our lands. We will police the oceans. So we will pay for an expensive Navy. We will have our fleet go around the world and police the oceans. The only thing we request in return are 2 things. Number one, you'll trade with us. You'll have open trade. And number two, when you trade with us, you'll use the US dollar. And the US dollar will be used around the world. Around the entire world as currency of the world, and countries couldn't believe their luck. They were like, "This is the most incredible deal of all time." These guys don't want to conquer us or take like imperialistic types of things; they just want us to trade with them in their currency. Great, right? Where do I sign? So they all these countries signed the Bretton Woods Agreement. This kind of formed the United Nations and all these reformations that happened after World War II. So they come together till now. So since Essentially, till now, US dollar has been the world reserve currency. Now, President Nixon took us off the gold standard in the '70s. We had pretty large inflation in the '70s. US dollar is the world reserve currency. If you want to trade large amounts of oil around the planet, you have to use US dollars. If you're Brazil and you're buying oil from Saudi Arabia, you need to use US dollars. If you're Germany, you need to use US dollars. You send your money through the SWIFT system to the Fed. They change it into US dollars, and then you can buy oil from Saudi Arabia in US dollars. That's how the world has worked all until the last months and years. China and Russia have started to— there's tons of articles about this— to work with Saudi Arabia to trade oil not using U.S. dollars. It started about a year and a half ago that China said, let's use the yuan. Let's just trade in yuan. We don't want to use U.S. dollars. OK? We're going to use the yuan. And so, Now, what has happened since essentially since Biden's been in office? We have started to see countries like Russia and China, the BRICS nations, starting to get try to get off the U.S. dollar because there's only two people that I know of in history that have traded large amounts of oil without using U.S. dollar. One of them is Umar Qaddafi, okay? And he was somehow killed by the United States government in Egypt. And then the other one is Saddam Hussein. Another guy kind of killed by the CIA and taken out of power. OK? The third person is Vladimir Putin. And all of a sudden, the United States is kind of fighting a pseudo-war with Russia through— we're funding billions of dollars to Ukraine. Why? Because oil. And oil must be traded in U.S. dollars. You might be asking, like, why does that even matter? Because it's the biggest thing on planet Earth. This is what all the Fed politicians— personally, I believe All the wars we've been in and stuff, it comes back to we need to protect our most valuable asset we've ever created is U.S. dollars. U.S. dollars are the best-selling product on planet Earth. My dad gave this speech in Fun Launch Live at our event. He started talking about this. He goes, people will kill, they'll murder, they'll work 100 hours a week for U.S. dollars. We print $10 to $20 trillion over the last 3 years. And guess what? The U.S. dollar is at 25-year highs as a currency. Okay? So we're going to get that in a second. Okay? And people in the chat are like, the U.S. dollar is going to get replaced. You're going to hear my argument right now about this whole thing right now. People, I love to talk about the U.S. dollar is going down. Really? We're at like a 3-decade high of the U.S. dollar. We printed $20 trillion of them. We have 8.5%, 9% inflation, and the U.S. dollar is as high as it's been in 30 years. So what we are doing— so look at— look, just go with me on this little storyline for a minute. Watch how this is working. OK? In real time. So you have countries about 2 years ago, a year and a half ago, say we're going to trade oil without U.S. dollars. All of a sudden, we are now pseudo-war with Russia. OK? We are also in kind of a cold war with China over Taiwan right now and North Korea. OK? And we'll get into that with the Fourth Turning, all these kind of things right now. China additionally, so I'm going to bounce around a little bit. China has done a lot of lending. They've lent out over— I did a YouTube video on this. They've lent out over $1 trillion over the last 15 years. And excuse me, the 8 years or 10 years back to 2012, they launched the Belt and Road Initiative. They were doing— they call it imperialistic lending. They would lend to all these third world countries all through Africa, the Middle East, Southeast Asia. And a lot of people think they were kind of lending this money and knowing that they weren't getting repaid. The debt has has the debt defaults on that payment have jumped like crazy. Last year was over 15% of the trillion dollars had defaulted on their payments. Russia being one of the largest ones, and Ukraine, and all through all through Africa. These debt repayments are not getting paid right now. China is having massive protests over. Their real estate market. There are people calling it one of the biggest potentially Ponzi schemes of all time. We'll see if it actually unravels. But the Evergrande collapse you saw last year, it's kind of this train wreck in slow motion that's going on is because huge real estate development companies in China that are funded a lot in part by the Communist Party. So it's not capitalism. It's not pure capitalism funding them. It's just communists that they want to build more buildings and maybe they're not as efficient as they would be in a capitalist society. They're building tons of real estate. Just to put into perspective, GDP percentage of GDP to real estate is about a third of China. A third is in real estate of their entire GDP. The United States is about 14%. It's almost double what it is in China. And people are starting to realize that a lot of the buildings that are being built. So imagine that there's I think there's two or three million homes being built right now from just one company in China. They are taking deposits on new homes. To build homes that they planned on building a year and a half or two years ago, and they're starting to cancel homes as well. So imagine you put a deposit like $100,000 down in the house to get built, and you're starting to find out two years later they've never even started building your house. They spent it on marketing and building out other other older contracts on older houses that they had to build. Essentially, it's like a Ponzi scheme. You got you have to sell more, raise more capital to fulfill on old capital. Okay, so um. Kind of interesting, right? This is all happening in China. They started to freeze bank accounts over the summer. So China had a huge protest at their banks. They were freezing bank accounts of citizens because they are seeing these cracks in their society and economy. At the same time, they reach out and say, we're going to take over Taiwan. We'll talk about Taiwan in a second, the chip war that's going on with Taiwan. But these are economic wars that are happening. And sorry, I'm talking in a lot of different ways. And anyways, are you guys okay? You guys following along a little bit? Economic wars long precede physical wars. Guns and shooting and cannon fire typically doesn't happen unless there's an economic war right before it. Right now, we are seeing an economic war. So look at now what's been happening with OPEC and back to oil. OK, so we are seeing countries saying we're going to trade oil without the US dollar. These BRICS nations. What happens? President Biden hops on a plane and goes to To Saudi Arabia, and we don't know the full details, but I would imagine it went something like this: Hey, Saudi Arabia, if you don't want to use the U.S. dollar anymore, we've been allies for a long time. We funded pretty much we everything you guys do. We protect you against Iran. There's all these there's a ton of Middle Eastern countries that hate Saudi Arabia that would love to blow them up. Hey, we protect you against Iran, all these other countries. You know what? If you want to not use U.S. dollars, that's fine. We're just going to pull. Pull back our support and protection for Saudi Arabia. Pretty interesting, right? And then you see they're they're messing with production levels back and forth to try to this this test of power of who's going to flinch first. At the same time, there was a major oil pipeline Nord the Nord Stream pipeline in Russia Ukraine that blew up. People are like, yeah, it was Russia that blew it up. Why would Russia blow up their own pipeline? That's one of their biggest components of their GDP. Is oil. Why would they blow up their own pipeline? Now, we don't know who blew it up. Personally, I think the United States blew it up or an ally or somebody, some way, shape, or form, we blew it up. That's a huge strategic advantage for the United States. You blow up oil, you don't— an oil pipeline, you don't allow Germany, Poland, these other countries to retreat into Russia's arms during this winter. You make them commit to fighting Russia. And using the U.S. dollar to do this, right during the the Russian beginning of the Russian war, you saw all these sanctions happen on Russia, right? The ruble has collapsed since then. If you look around the world, so then you that isn't with the Fed. The Fed raising interest rates right now, very hawkish. Yes, it's hurting inflation. Yes, all the things they talk about. But personally, I think they're doing it to show the entire world. The U.S. dollar is the best currency. It's the currency you want to hold. It's way better than all these other currencies. You're seeing countries' currencies around the globe get decimated compared to the U.S. dollar. All the dollar indexes are way down and way in favor of the U.S. dollar. So if you take this as a big picture, OK, you're seeing countries trying to move away from the U.S. dollar, saying we don't want to use the U.S., we want to break away from this. And the U.S. is saying, well, If you want to break away, fine. We're going to blow up your pipeline. We're going to stop protection of Saudi Arabia. Oh, and also, yeah, we're going to raise interest rates and decimate all of your currencies around the world, which we've done. And it's still continuing to happen. And people and Europe is calling on the Fed, please, Fed, lower rates. And they're saying, no, we've got to prove to these countries there's been peace for too long. And it talks— if you guys have read the book called The Fourth Turning, it talks about this cycle of humans. It's about 80 years, an 80-year cycle. This, by the way, this book was written in 1995. It's been quoted by a lot of people. Ray Dalio, a lot of his studies come from this book called The Fourth Turning. They talk about about 80-year cycles and there's about 20-year generations. So 4 generations make up 80 years and they have 4 of these distinct generations and each generation leads to a different outcome. And so the reason this book got so popular is because, first off, on the study. So they went back, for example, the States, 1770s, the Revolution. Civil War, exactly 80 years. The Civil War to World War II is almost exactly 80 years. World War II to the 2020s is about 80 years. These guys in 1995, they predicted a few things. They said, number one, we're going to have a major financial crash near 2005. Because the third turning, typically the beginning or the end of the end third turning to the fourth turning, is a major financial crash. They've seen that back in the 1920s. They saw that before before the Civil War and before 1776—a major financial crash or disruption. Then they lead to the fourth turning, and the reason they—I'll get into this a little bit, I guess—but so people that come out of a war like World War II, imagine they've been through war. It's like, wow, I don't want to be in war anymore, and they raise. Usually that first generation raises the third generation. Okay. The second generation, they call them— so that's the prophet generation. The second one's called the nomad generation. That's the hippies. Okay. The hippies. And this is the same archetypal generation that's happened before. The hippie generation is— they call them the nomad generation. They raise the fourth generation. So the fourth. So the first raises the second, raises the fourth. By the Fourth Turning, their parents and even their grandparents remember the effects of war. They don't know how bad it was. And there's been peace for so long that disruptions start to happen, whether it's a civil war, whether it's internally, whether it's external context. Some type of big conflict always happens in the Fourth Turning, which is about every 80 years. If you go through history, about every 80 years, any society, about 80 years, they lapse and they do a loop. You can call it a lot of different things, but that's anyways. This is what these guys predicted and wrote down. So anyways, that's where we're at right now, and you can kind of see that what's happening. You see Russia and China together threatening the global dominance of the of the U.S. Ray Dalio in his book How to Deal with the World Changing Order, he did a full study on this about same thing: 80 years world currencies reset. Interesting, right? Human cycles happen about every 80 years. They just challenge the norm, and things usually shift up. And so right now we're hitting that 80-year cycle. Ray Dalio's book, for people in the chat, is How to Deal with a Principle with the World Changing Order. And then the other book is called The Fourth Turning. Very interesting book to read. A lot of people have been starting to quote it over the last few years because of— it was written 25 years ago, but now the things they're saying are coming true. So kind of interesting. So that is what's happening right now. You also see North Korea, they are testing the limits They're shooting missiles over U.S. carriers. If you guys follow the the in in over in those near Japan and South China Sea, major economic and physical kind of saber rattling going on. Okay, I believe personally the U.S. is flexing our our dominance on the world through economics first. The U.S. dollar is the crème de la crème of all currencies. That's going to happen now. When you're talking about currencies and resetting currencies, again, I don't know what's going to happen. We can just theorize. Personally, I think the US is going to launch a central bank digital currency. If I was going to bet on something, it'd be US is going to launch a central bank digital currency. And if you don't believe me, right now, go to Google and type in federalreserve.gov. The federalreserve.gov homepage, right on the homepage, has a whole section titled, What is a central bank digital currency? President Biden, March of this year, put out an executive order that they are going to start researching and doing development on how a central bank digital currency is going to affect the world and what they should do about it. Additionally, they passed a $58 billion CHIPS Act. We're going to talk about chips in a second. And there's another $150 billion that they can unlock as well. Intel was already building data centers around the country pre- Before this happened, a lot of people think could be data centers to house a central bank digital currency. Anyways, that's you know we're theorizing here. I don't know what's gonna happen. If I was gonna bet on something, I think that would be pretty interesting what's going on. Okay, so now let's talk about chips. They're calling chips the new oil, right? The new the new oil of the world. High advanced chips are very very valuable and scarce around the world. Did you guys see what happened a few weeks ago with China? OK, so the U.S. posed— and this is kind of— it kind of came, at least for me, came out of nowhere. I didn't know they were going to do this. They put a full ban on China using chips and any materials from any of our allied nations to create chips or semiconductors in China. They also ordered any U.S. citizen in China that's working on chips or that industry to pull out of China. Pretty interesting. It actually takes— there's a lot of equipment, a lot of materials that go into making very, very high-quality chips that are used for advanced weapon systems, nuclear bombs, even high, you know, all sorts of cool stuff, supercomputers. It's a lot of actually infrastructure and work to create these types of chips. And the U.S. said, we are going to pull out all of that from you. Additionally, Taiwan creates about— I think it's like 30%. You can fact-check me. I think it's about 30% of the chips on the planet. Are made in Taiwan. And all of a sudden, China goes, hey, we want Taiwan. And the U.S. says, no, we're going to put 3 aircraft— they put 3 aircraft carriers in between China and Taiwan 2 months ago. 3. OK? Just, you guys, this is pretty interesting, by the way. Aircraft carriers, I geek out on aircraft carriers. The combined world right now has about 11 aircraft carriers. The combined world, and they're about— they're World War II era aircraft carriers. Okay, so they're older World War II aircraft style. The US has 14 going to 16 supercarriers. Sorry, they're not all supercarriers. They're moving most of them to supercarriers, which are about 3 times as large as a World War II aircraft carrier. We have 14. The combined world has 11. Now, for an aircraft carrier to leave port, it leaves port with like 15 ships. It's got a submarine. It's got battleships. It's like it's an aircraft carrier division that leaves. We parked three of them in between China and Taiwan two months ago, and we've got another one working now up in. They they give us kind of delayed information, so we don't know exactly where they all are. But there's now one with North Korea up there. Okay, pretty freaking wild. And on that same note, Peter Zahhan—he's one of my favorite economists. If you guys have followed his stuff, he he get it. He gave a speech to the U.S. Army, and they post on YouTube actually after. It's pretty cool. He's like, guys, if we got into a war with China, all we would need to do because China gets about 80% of their oil through through tankers that come from Saudi Arabia, and they sail across under kind of underneath India and around there, around South China, the Southeast Asia, around up to China. He goes, all you would do is. Park two aircraft carriers and put a big blockade, and in about sixty days all of China's trucks and vehicles and planes are going to stop working. He's like it's pretty easy to beat China unless they like like nuclear bomb or something went off. But like through an actual real war, like we would just shut off their oil pretty easily. They don't have they don't have very many pipelines. They don't have ways to run stuff, and they're work they're trying to work on it, but it's. Just not happening yet. Pretty interesting. Who? Okay, kind of fun. You guys kind of seeing this world economic war that's going on right now though. So we're having a chips war with China. We're also having a major war with oil production around the world and currency wars right now. So all happening. So when you look back, some people I love people always talk to me. Bridger, the Fed are idiots, man. Biden's an idiot. The politicians are idiots. Now I agree with you 100%. They say stupid stuff, but also. Don't just listen to what they're saying. Watch what they're doing. And actually, right now, the U.S. is, I think, playing an okay game. I don't know. I don't know the ins and outs, but they're playing at least this kind of game. They're playing a game with Saudi Arabia, with OPEC production, and they're playing a full thing. Now, the U.S. in its back pocket, we have some of the largest oil supplies on the globe in the U.S. We just aren't allowed to, like fracking, all that stuff. We've just slowed down our production. If we wanted to, we could go just drill oil. We would have more oil than Saudi Arabia. I don't— and personally, I don't know why we don't do this. I have no idea. Maybe we're saving it. I don't know what the plan is. I don't know why. If anybody can enlighten me, I don't know why we don't just drill all the oil in the United States and become even more of the world's superpower. But I digress. So they're playing that war. They're playing a chips war. And by the way, we're building now. We're going to manufacture all of our chips local in the United States. This deglobalization is going on where we are pulling back from other countries and we're showing them just how dominant our hand, the United States, when I say our, I mean the United States, our hand is in the world. Peter Zeihan, back to my, he's one of my favorite economists, wrote a book called The Accidental Superpower. He talks about the United States and our dominance in the world. And even just by geography, we would be the world's superpower. Even if we had terrible politics and we screwed up 1,000 times over, would still be the world's superpower because of our geography. We have 2 oceans. We have pretty much no major threats in our entire hemisphere. I mean, Canada is one of our best allies. Mexico is one of our best allies. We trade, by the way, I think it's 70% of our imports and exports come from Canada and Mexico. Everyone's like, we're so dependent on China. Not really. If you look at the math, we're way more dependent on Mexico and Canada. Like four times more than China. We get more imports and exports from Canada and Mexico than anybody else. Mexico, we can outsource cheap labor to. We also have, so we have two oceans with lots of ports. So ports, natural built ports where you have like a bay, is actually very unique to a country and very something that you need for a superpower. One of the reasons that he at least goes into that West Africa is pretty impoverished and doesn't have a lot of trade going on because the entire coast of West Africa only has three. Deepwater ports where you can put a big ship in. I think Texas had like 13 ports. Texas alone. The entire East Coast of the United States is full of ports. And we have an island system across the Eastern United States that allows us to have huge tankers and ships can come into port. Same with the West Coast. We also have the Mississippi River that runs through the middle of our country. You can take big ships into. And guess what? All the grain is in the middle of the country. So you— so imagine a perfect country. You have 2 oceans with lots of ports that you can ship from. You also have a river system up the middle. You can grab all your food and supplies all come from the middle of the country. Additionally, it makes you almost impossible to invade. To invade the United States, you'd have to block off both of our massive ocean ports because we get like if you invaded the West Coast, we just get supplies from the East Coast. Right? And vice versa. You'd have to invade both sides and the middle river system at the same time to do this. And oh, and also, we're the most armed country on planet Earth. Our citizens can hold guns. We have more guns per capita than the rest of the world combined, like times 5. So if you're going to try to invade the United States, like it's just not going to happen, right? Like unless you something I mean unreal happen, but the nature of just geography. Allows us to be a world dominance versus other countries. And so we can flex our political— this political gain with interest rates, with oil wars, with chip wars. Are you guys kind of seeing how this is coming together? Now, hopefully, I really hope we don't— it doesn't turn into physical wars. But right now we are fighting a very, very big economic war across the world. And it's pretty interesting. Now, is the US going to head into a recession? Maybe. And I think potentially the Fed might be saying, you know what? Yeah, we'll go into a slight recession in the United States. The rest of the world's going to go into a Great Depression or recession, huge recession. And it's going to tank these countries and bring them back to, you know what? The United States isn't all so bad. We actually want to trade with them and we'll trade in US dollars. It's in, by the way, people on the chat like, US dollar is dead. Really? 25-year highs. And by the way, you don't want the U.S. dollar to die. Some people are like online, like crypto is going to go to the moon. Crypto is going to go to the— Personally, I think crypto is going to go to the moon regardless. OK? You don't want the U.S. dollar to go down because if it does, all of your properties, values, everything that— Everything you own in business and commerce, like, gets reset. It's pretty interesting. And I don't know what would happen and play out the whole thing. We can speculate on that for hours. But anyways, I digress. I personally, I think the U.S. is going to try to reset their currency through a central bank digital currency with the 80-year. Thing. We also have the chip war going on. We're going to develop chips in the United States. We're going to, um, I think start producing a lot of oil in the United States, um, depending on who takes office during, you know, midterms. Next election will really affect that. Um, I think Republicans are very pro— let's— we have tons of oil in the United States. Why don't we just— yeah, I know we're trying to move to green energy, but it's not working yet. We still have a decade or two to get there. Yes, let's work towards getting to green energy, but let's get all the oil out of the ground now and sell it to all these other countries, and we will be the, the just set our footprint as the world just dominates. And it'll make everybody in the United States way more wealthy and richer and prosperous. And the rest of the world will have cheaper oil. It'd be great. I don't know. Anyways, I digress again. So those are my thoughts on the petrodollar, rate hikes, oil wars. If you're looking at a big macro picture, at least personally, I feel like this is what's going on right now. Russia and China, 2 months ago, they've been stockpiling gold for the last 30 years. They have one of the largest gold reserves on planet Earth. And they actually announced they're going to try to create a new world reserve currency. I don't know why this wasn't like headline news, but they've been— they're actually, they put out a whole bid 2 months ago to do this. And you look at the response of the United States. We're going to pull out chips. We're not going to let you do that. We're going to pull away oil. We're going to blow up a pipeline, Nord Stream pipeline in Russia. At least I think the United States did that. And we're going to tank all of your currencies. Do you guys really want to use China and Russia's currencies that are ran by these crazy people? You know, and their currencies are up and down. It's like watching a crypto stock. You don't want it. You want something stable. You want something secure. You want something backed by something, right? And I think that's the stance the U.S. is taking around the world. But again, I'm just a guy sitting in Salt Lake City, Utah, trying to read stuff and do my research. So there you go. There's my thoughts. I would love to take questions. What questions do you guys have or comments? Put them in the chat. I've got— we're live on Facebook. YouTube, Facebook groups, and Instagram right now. So I'll look at a few different comments here. I'd love to hear what you guys think. Questions, questions. I really kind of scroll through fast here. So anyways, if you guys missed the beginning, go back and watch this. This is recorded. I think it's just kind of fun. Anyways, I'd love to hear you guys' thoughts. We have midterms happening tomorrow. Be pretty interesting. We're definitely seeing internal conflict in the United States for sure. And I think 2024 election is going to be wild regardless of what happens. And pretty wild. Someone asked, is this how all Americans are? No, not at all. No, I would say I'm pretty unique. Most Americans don't think like this. You don't seem bothered by the wrong things the US does. If the US decided to nuke China or even Russia, Americans won't be bothered killing billions. Okay, that's kind of an interesting comment. I'm not saying we should nuke China or Russia. All I'm saying is we should have an economic war. Where we are, which we are already doing, we are proving to the world that our currency is the best currency. So there you go. No, I don't think we should bomb anybody. I actually hope we don't— they don't lead to any war, because usually economic wars can actually resolve themselves. And by an economic war, what do I mean? I mean trade embargoes. I mean, um, all sorts of— all sorts of stuff, uh, as far as regarding economics, not actual guns and fighting. I hope we don't go to a real war. That doesn't benefit anybody, I don't think, going to a real war. Usually economic wars precede physical wars, okay? And so if, if, uh, if right now we are in an economic war, it could be preceding a physical war. I mean, we are flirting really with World War II right now, or World War III, excuse me. And I, I really hope, uh, I hope nothing, uh, comes of it. So, but no, I would say I'm not, uh, I'm not like most Americans. Um, so Biden's economy is doing good. No, I didn't say that either. I didn't say that at all. Um, I just said the, uh, regarding to Biden, again, you can look at a lot of things, everyone, and I agree, I think Biden is pretty interesting dude. Uh, you know, you watch his videos and stuff. I don't know if it's Biden, whoever. All I'm saying is the U.S. government, whoever it is, is playing a very interesting game right now with oil, with chips, with Russia. I don't know if it's the CIA. I don't know if it's the Fed, the State Department, whoever it is pulling these strings. It's not bad. And by the way, this stuff I'm talking about, I think is agnostic to political parties. Old saying, right? That you hear about US presidents. They have all these things they get into office and then they say the men in dark suits come in and they like, they come in wide-eyed and they have all these new things they change once they're in office. This concept of playing the oil war and economic war and protecting US dollars has worked for every— whether it's Republican, Democrat— for the last 30 years. All of them have been involved in this. You look at Bush, Obama, Clinton, like whoever it is, they were playing this economic game with the rest of the world because of Bretton Woods back to 1945. The entire world agreed we're going to use the US dollar For any large business transaction around the world, as long as the U.S. and in return the U.S. will protect the world with our Navy, and that's been the deal. And so they've stayed that deal. So no, is Biden's economy doing good? I mean, I probably wouldn't say so. As far as other things, I I'm not a huge fan of Biden, but um, I guess this isn't a political channel, so I don't want to do that. But I think it's pretty interesting though, like the world economic game that someone is playing. I don't know if it's Biden or whoever is playing it, but someone's playing a pretty interesting. Game right now. Now, are they doing a great job or bad job? I don't know. I just see what they're doing, and we probably know 1/10 of what's actually going on, right? There probably is a ton of secret stuff we don't know at all. I trade in currencies and have seen a huge surge in dollar strength across the board. Yeah, I mean, dollar is at 30-year highs right now. Keep going on here. But economic wars are just as bad. No, they're not actually as physical wars. Economic wars are not as bad as physical wars. I don't know. Sorry, Tyler, I'm gonna D— I'm gonna hit you back on that. They're not. 4 million people dying in Europe in World War II is not as bad as people that don't have as big of a paycheck this month. Personally, that's what I think. So, uh, it's a little different when you're dropping bombs and shooting guns. And people forget about what wars are like. Even myself, I don't— I've never really lived through a world war, but my great-grandparents do. I mean, they came back from World War II and were like, dude, let's Never go to war again. That was the most horrific thing on planet Earth. Now we lead to today, and we had, I think, a lot of people that generation because they've never actually seen a war. Malcolm Gladwell wrote a great book, actually. He talks about that small wars actually, small conflicts actually diffuse bigger conflicts. Usually when you see a big world war blow up or a big conflict blow up, it's usually because of a lot of years of peace. Before World War I, there was like 80 or 90 years of world peace. Before the Hundred Years' Wars with England and France, there was like this huge period of peace. And because things fester and fester and fester, and then they blow up into a huge thing. So Malcolm Gladwell goes, if you actually have smaller conflicts, whether maybe it's economic war or physical war, it actually turns people away from, you know what, maybe we shouldn't go to a big war. So anyways, I don't want war to happen, but I Personally, I think economic war is better than a physical war. Do you think it's unfair for people on the right to lie to Americans and tell them that the US economy is doing worse than it actually is? I mean, the US economy is— it's funny. Again, when you talk about the economy, that's like— it's like 1,000 little points of data. And so whether you're on the right or the left, you're going to nitpick certain things, right? Like this part is doing bad. This part's doing good. But in a conglomerate, you look at the whole economy together. That's a big thing. You can look at GDP growth is one thing. You can look at job growth, job creation. And you have to take out outliers though, because sometimes those numbers are very manipulated. CPI number is a very manipulated number. The actual inflation CPI index is super manipulated. They change the basket of goods over time. So like student tuition is not in— it used to be. It used to be in the CPI index. Now it's not. You know what? Tuition isn't involved in inflation anymore. Why? Oh, because we want inflation to be lower. Okay. Used cars. Cars are not involved in the CPI number. I don't know why. They used to be. Now they're not. So they keep taking out their basket of goods to change things. Personally, and by the way, I think people are misconsuming what I'm saying. I'm not for or against. I think You know, like people say like Biden's economy or Trump's economy. They do swing things certain ways. But I think that in some ways they have huge effects. In some ways they have very minimal effects on the economy as well because there's 10,000 data points. They can probably affect 100 of them, right? And people on the right or left really target those 100. But the other 9,000 or whatever data points are affected by by other things as well. But this overall, I'm talking about the bigger game here. I don't I don't want to sit on this call and talk about Biden or Trump or whoever it is. I want to talk about the macro game they're playing with chips, oil, and kind of this world reserve currency that's going on. It's pretty interesting, pretty enlightening. Do you think we'll have a long recovery in this recession? Let me pull up comments over here too. Sorry, I'm looking at just the one. For this recession, that's, you know, everyone's so sure about this recession and what's going on. It's funny, I spoke on stage with Kevin O'Leary a few months ago. So we're on the same stage and Kevin, somebody asked him like, are we going to be in a recession? And Kevin just said, dude, the fact that everyone is so certain we are in a recession makes me think we're not going to be in a recession. Just everybody's calling it. When have 80% of Americans been correct on the stock market or on a recession? Like never. Okay. He's like, I don't know. I'm playing the contrarian point of view. I'll play the same point of view as well. Usually the stock market is a leading indicator. It's not a trailing indicator. Obviously, the stock market is down around 25% to 30% this year. Huge collapse. We are seeing a lot of bottom resistance on the stock market right now. I personally think we are nearing a bottom right now. Now, does that mean the economy, by the way, does not reflect the stock market? I think the stock market is forward-looking 6 to 8 months. So, yes, Q1 and Q2 of next year will be a bad, you know, into a recession for sure. The stock market, though, might do very well and perform very well. Those are different things. Will real estate slow down? For sure, because we're raising rates. You have to reprice real estate with different interest rates. 100%. Can the U.S. sustain high interest rates for a long period of time? Now, I don't know about that. Before all these rate whiplashes, I mean, we had $13 trillion of negative interest rates across the world. $13 trillion. Okay, a lot at negative zero or negative percent interest rates. Right now, I think the Fed's being very hawkish. Personally, just if I was going to make a guess, again, this is a guess. I would think rates are going to come down very quickly. I don't know how long they're going to keep them high, but I think they're going to come back once they've essentially proven to the world that we are the dominant currency. They're going to need to bring those rates back down to essentially save the world from a recession. I think that will happen personally. Yeah. So will we be in a deep recession? Maybe. You know what? We had Q1 and Q2 of this year GDP declined, which is the definition of a recession, even though Biden— back to Biden— Biden didn't want to admit that. Q3 though, GDP grew. A lot of people don't talk about that. Q3 GDP grew. That's why we've seen this kind of mixed bag of things. Right now you're seeing major layoffs in tech and other sectors. So anyways, it's kind of a mix. Anyway, it's pretty interesting. I see some people always— everyone's talking about we're going to be in a recession. I also— there's a lot of people saying we're going to be at all-time highs by next year if they bring rates back down quickly over next summer, let's say. We could potentially be at all-time highs, and that's in crypto, that's in the stock market, that's everywhere. So anyways, interesting game. Yeah, the book's called The Fourth Turning. Pretty interesting book. Okay, let's look over here. Anyways, you guys missed the beginning of this. I talked about oil wars, interest rates, how they're affecting the world economy. The initiative from China, how they've been doing imperial lending across the world. The Russia-Ukraine war, Russian pipeline that blew up. South China Sea, why we're putting such a stance on Taiwan and saying we're going to protect them to the nth degree. Anyway, it's pretty interesting stuff to follow. This is stuff I geek out on, by the way. So if you guys have anything interesting to share with me and find a cool article, please send it my way. I just love trying to put this puzzle together. Again, it's a puzzle. It's still being put together. I want to give you guys my data from today and just kind of dump my brain on you. But it's pretty interesting. So let me know if you guys find some cool stuff. Put in the comments below on this channel or wherever you guys are watching this. I'm just— it's pretty fun to watch. Not fun, but it's interesting to try to figure out this game. And if you can figure it out, you can make tons of money. Tons. And as you guys know, we teach investment funds is what we do. So if you guys want to learn about funds, you guys can click on the link below. It's— or go to fundlaunch.com. We have a free course on funds. I've ran 2 funds. I run currently, for people in crypto, I run an 11 $10 to $11 million crypto fund right now. We just launched a few months ago. It's been doing really well, actually. We're pretty excited about the performance of it. So anyways, that's what we do. There you go. You guys can go check out funds. We have a Fund Launch Live is coming up soon. It's our event. We're gonna be selling tickets here pretty soon. We got a cool, really cool stuff we're doing for Black Friday in the next couple weeks, which would be really fun. So, okay, y'all are amazing. Thank you so much for your comments. Uh, you guys are awesome, dude. Let me know if you guys ever comments on this. It's kind of a fun little puzzle game we're putting together. So let me know.