HS 244 - The American Dream with Tad Lumpkin

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It's my pleasure to welcome Tad Lumpkin back to the show. He, he was on a few years ago talking about the American Dream Film. He's been working on some other great projects entitled Shock and Awe and it's a pleasure to have him back. Tad, welcome. How are you?

Oh, thanks for having me, Jason. I'm great.

Well, the pleasure is all mine. So first, let's just review here and let's talk about the American Dream Film. This is a phenomenal way that you've distilled some really big ideas into just 30 minutes. You talked about how we're being scammed by some of these most basic elements of our governmental system, the banking system, I mean of course Wall street, the manipulation of markets and prices in all these different things. Let's dive in and just give us a review on the American Dream film because I think that's a real, really seminal work that you've done.

Well, thanks. We, you know, and that film still gets, it's amazing how many emails I get. You know, even three years, four years after we put that out all the time, there's still just tremendous interest in it because I don't think there's anything else that's quite like it. And so people still find it extremely relevant. But you know, the American Dream Film was meant to really take the structural and philosophical brokenness of our modern day banking and monetary system and boil it down into something that would be really relatable and understandable and easy to watch for most people because when you get into monetary policy and economics and things like that, they're very long, they're very dry explanations. You know, you could spend, you know, I mean, you can classes and years and master's degrees and things are studied, you know, on these things. And what we really wanted to try and do was distill all of that complexity, which is usually used to confuse people and keep them from asking questions and distill it down to a really.

Kind of.

Story based explanation of how this stuff works and why it inherently will fail and screw you in the process.

Okay, so explain, if you would, how it works and how it'll fail and how it'll screw you in the process. If you would just give our listeners the reader's digest of that whole system.

Yeah, absolutely. So basically, you know, central banking has taken over as a monopoly system in the entire world.

It's the biggest scam in the world.

So you give these handful of central banks, right, the Federal Reserve, the EU has one, there's the Japanese central bank, there's a handful of central banks which all by the way work in collusion with one another. And also they work primarily by, you take a central bank and you put it, they're well chartered by government institutions, operate outside of direct government oversight. And what you do basically is you form around those a cartel system with the largest global banks being the most significant and really only relevant cartel members. The Federal Reserve and the central banks like it have the exclusive power to, right to print money. So they can print money and spend that money and set the pricing of interest rates, which is one of the most key determiners of economy and price. And when there's corrections and valuations and how capital is allocated, they basically have a secret and highly.

Conflicted of interest.

Monopoly power over setting interest rates and printing money. And there's nothing that stops them except what nine guys who think they're smarter than everybody else because they went to Princeton or Yale decide should be what's done and what isn't done. And that by the way, is done in deep conjunction with people who run the banking system and have direct benefit of profit and expansion of their own business as a result of what that monetary policy's going to be. So the reason that that's so dangerous is because it's the same reason why, when you look at why Russia or someplace like communist Russia failed, is because you put a bunch of bureaucrats in there who are human beings and have all sorts of corrupt and interests as well as just fiduciary.

Conflict. And you sit them in there and they say, hey, what's the price of a screw or a gallon of gas.

Or whatever else and how much poorer should we make the population today just so we can maintain power and spend money the way we wish?

That's exactly right. And you look at it even into the politicians you Know if I can go in and I print more money, which lowers interest rates and stokes home buying and puts all this cash into the banking system. So the banks will offer.

No deposit loans for houses, 50 year mortgages, teaser trick rates, right? And I can juice up the home ownership rate. Well, all of a sudden it's like I run and I say, hi, see, look, I got everybody into homes. Vote me back in for more power. I'm a winner. I'm a winner. And then all of a sudden, like we know in the business cycle that's going to eventually crash and all those people who got to live in homes they couldn't afford for two or are gonna end up worse off and then the rest of us are gonna be on the hook to bail that system out and suffer economic recession and all sorts of other stuff as a result.

I would say the guy who was called such a hero, Alan Greenspan, the maestro, as they called him, if you look for a single individual to blame the financial crisis on, it would be Alan Greenspan. He retired at just the right time so that he could turn over all the problems to Bernanke. Now I wonder if Bernanke did the same thing to Janet Yellen. We will see.

Oh yeah, he most definitely did. And Janet Yellen's gonna do the same thing. I mean, the problem isn't the people. The problem is it's an untenable situation. It's the same reason why communism can never, has never and will never work is because central planning doesn't work. It never has, it never will. The only thing that creates not only justice but prosperity in a broad and amazing way, like we talk about the ideas of the American dream is when you have got open market capitalism with lots of competitive actors and people get to choose in and buy into the best available product that fits for them. And be that for currency, banking or anything else.

That'S the only way that you do it. Otherwise it just becomes this corrupt disaster. And that's what we got. And that's why when people sit there and they go, hey, what's happening to this huge swath of middle class people? And what's happening? Why are these richer people just getting richer and richer and richer and stock prices go up, yet the broader economy doesn't heal.

That's your answer. And until people are willing to, you know, deal with that historical fact, then it's not going to systemically get any better. They're just going to up the dose of opium, of financial opium to try and double down until eventually it always Ends in currency collapse, man. Always does.

Yeah, yeah, it does. But see, here's the difference. And I know, I get it, historically, it always ends in currency collapse. And the most dangerous words you'll ever hear are, this time it's different. But I'm gonna say them, this time it's different. And I'm not defending this whole thing because I think it's an epic scam. That's why I've had you on the show twice now. But the reason it is different and it's not fair to the rest of the world, but it's different for the US And I'd like you to pick these apart and challenge me on this, please. Do I want to be challenged on it? I want to see if my thinking is wrong here. So you, here's my thinking. The US has the largest military the human race has ever known. It has the reserve currency of the world. It has the biggest brand in the world. It has very unique geography that protect it from military threats. And it has abundant, abundant natural resources. So this country, oddly, as mismanaged as it is in some ways, it's an incredibly rich country, even now, even with $17 trillion debt and 60 to $220 trillion unfunded entitlements or mandates over the next couple of decades. And why I mentioned the military and the big brand and the geography and all the other things is because in order to maintain this nonsensical, undeserved reserve currency status, we will probably, and have probably, it's very arguable that we have already use that military to kick the can down the road, to maintain this irresponsible set of policies that we maintain so our politicians can just spend, spend, spend without any real accountability and kick the can down the road, if you will. So, you know, maybe we can kick this can down the road and keep that reserve currency, which is a big, huge, huge part of it. And, you know, we can discuss why that's so important for the next five, 10 decades. I don't know.

Well, I mean, it takes a long time. You know, the timing of how these things unravel and why they do and what it looks like is definitely up for debate. Sometimes it lasts a lot longer than you think it can. Generally, when it ends, it ends quickly and ends very poorly. But I think that a couple things there I would comment on is that first off, I don't know of any empire in the world that has had.

Its economic engine diminished and has been able to maintain a significant military presence as the thing that equalizes and keeps them on their powerful global footing without their people and eventually their entire country coming to a massively reduced standard of living. And eventually it'll collapse upon itself anyway because that reduced standard of living and reduced economic output and the things you have to do to force people to go along with it will eventually collapse. The military, I mean, you know, you can go back. You can go back and you can look at Rome, you can look at the ussr, you can look at, you know, even, like, North Korea can't feed its people. And while their military is no match for ours, and the idea that they shifted their resources predominantly into their military, as most communist countries have done over time, it still eventually collapses on itself. The English, I mean, the British Empire had the same placement in the world as the United States did, in that they had this vast military, the most superior fleet, naval fleet, and ability to reach the globe and in the world just at the turn of the century. And they got out of whack and they got absolutely hammered. And they aren't the global power that they were supplanted.

I hear you about Rome and England. I mean, the sun never set on the British Empire, right? And no question the British, as imperialistic as they were, and people can argue with me about this, made a huge contribution to the world. And I'm going to say that because, man, those Brits, they were organized. You look at how everybody reveres Gandhi as a hero, and in some ways he is. And this kind of on a tangent, I just wanted to throw it out there to be controversial. In many ways, Gandhi was certainly a hero. Peaceful, passive resistance, et cetera, that's all great, but he was a really primitive guy, okay? And didn't, you know, he believed in abstinence for birth control, which is part of the, you know, that never works, okay? And look at the problems India faces with overpopulation today. And if the Brits were not in India, they wouldn't speak English. And I think they advance that country a lot. As imperialistic and as terrible as imperialism is, it does have a few benefits. So I know that's a very controversial viewpoint. I get it. And to some extent, I'm throwing it out there to be intentionally controversial.

Well, I think the best type of imperialism, though, is actually economic trade. And, you know, rather than, you know, if we take the Middle east right now and compare it to China, you know, the best thing we've done is we haven't had to fire a single shot, you know, with the Chinese in any recent history and have had really as far as a rival empire, very little confrontation with them compared to many other, compared to let's say Russia. And you know, when you look at what's opened them up the most, created the most prosperity and, and the best relations in really 50 years, 40 years, I mean, very short period of time is economic interaction. And I think that goes a lot farther in a lot quicker period of time. And frankly that would be my biggest cure for the Middle east is. As opposed to economic sanctions and all this.

Hideous. Yeah, no, listen, I agree that's obviously.

Trade and things like that. But just to address your point, this time it's different.

Let me just make one more final thing on that point because I didn't really make it. I got sort of off on a tangent there a bit with India and so forth. But my point being that with modern technology, the military is so much more scalable than it was in the days of Britain in their empire. You know, it's just, it's just not the same thing. I mean, I don't know how to measure this, but I would venture to say that the, the U.S. military machine today. And you know, I don't agree with this military machine, I'm just saying it's there. I'm just stating the facts. I'm not in agreement with. We do. Okay. But the fact is it's the way it is.

It's just light years ahead of prior militaries because of drone technology, every type of technology. I mean, it's mind boggling. It really is.

So let me ask you this question then. Would you say that then the U.S. military is a far, far advanced as. Almost as big a schism in technology and manpower to the Afghani and Taliban.

Military, like as a, as a comparison as exists, you mean? Oh, so you're gonna go to guerrilla warfare and how. Yeah, yeah, I know.

I mean, here's all I'm going to. Right, Is that, is that when you make that statement, I say yes. Could America go and nuclear obliterate the entire world? Sure it can.

Yeah. But there's a lot of conventional technology, you know, like drones, you know.

But let me ask you a question. Why, if that's the case, okay, in 10 plus years in Vietnam with vastly superior technology, couldn't control the country. 10 plus years in Afghanistan can't control the country. Iraq can't control the country. It's not doable. That's what I'm saying. You can't do it because no one has ever been able to get human beings into that type, no matter how much military power they have. They've been able to eviscerate people from the planet, but they're not able to control societies. It'll never ever work, no matter how advanced the military.

Well, and so your point is well taken and I would say that's a good thing, you know? Yeah, yeah, I think it's a great thing.

But I just think that relying on the US military, cuz I've heard people make that comment to me before and I'm like, there is no point in even current history in the most lopsided fight where you've got literally goat herder militia guys who are living the same way people lived 2,000 years ago, okay, with no discernible GDP, fighting the country that has the largest GDP and the most sophisticated military apparatus the world's ever seen. And we can't beat them.

But the question then becomes, is that an issue of keeping the reserve currency? I mean, look, Afghanistan is not really any real challenge to the US hegemony in reserve currency. I mean, certainly we are exporting the inflation around the world as the US and the US citizens benefit from these economic policies that on paper, when you look at the math, they're terrible. But it's not just about math. That's what I always say. It's about much, much more than math. It's about all those other factors that I mentioned. And that's why I don't think we're headed for a dollar collapse anytime soon. I used to believe that.

I actually don't know that we're headed for a dollar collapse and that hyperinflation is the biggest problem. I actually think that the world's biggest problem in the upcoming is a massive deflation.

Yeah, well, why do you think that? Because that's kind of interesting. I've been a promoter of the idea that we're going to have some pretty severe inflation. And until about a year ago I was kind of right because of course the inflation rate's about triple what the official stats will tell you. But it really, right now I'm kind of agreeing with you that the few deflationists that are out there, and there's not many of them, by the way, I've had Harry Dent on the show many times and he's saying gold's going to go to 750 and then it's going to go to 250. Wow, that's a pretty bold prediction.

It could. But if that happens, if gold goes to 250, your house, that was 300 grand is also going to be at 100,000 or 80,000 and the Dow Jones is going to be at 2,000. So.

Yeah. Oh, no, everything will. And then. See, the reason I still like being a real real estate investor, I like it much more in an inflationary environment because I get what's called inflation induced debt destruction. Income. Property is my favorite investment. Okay. But in a deflationary environment, it's just a constant search for yield. You can't get yield anywhere. And a real estate investor gets yield from cash flow. And so I think you win in a deflationary environment in a smaller way, but you win huge in an inflationary environment. So as much as I hate this irresponsible spending, philosophically, I kind of like it just from my own selfish standpoint.

Yeah. I mean, the only thing I'd say to that is if you, if you're, if your financing costs are 300,000, but your rental costs are paid now on 100,000, because the environment's become so deflationary, servicing your debt is going to be a big problem. I mean.

Right. But the implicit option you always have is you can just walk away. And that's what everybody did. You know, that's always your backdoor option. But those rents don't deflate that quickly because it's such an imperfect market. But, you know, that's kind of a long subject. I want to get to why you think we'll have deflation and if so, how much.

Well, I think we're going to have deflation because money printing alone and the options that they have had available are not. While it's putting a lot of base money into the system, the inflation, it's not first off getting enough velocity, meaning the broad economy, there isn't enough real expansion to get that money moving through enough people in enough areas of the economy to.

Basically magnify that base. Right.

So monetary works like the Fed pumps in the base and then you use fractional reserve lending and to take the money that's put in and magnify that. As we explained in the American Dream, many, many fold up, the speed of that is the velocity. You need the Fed to print money, the banks to loan it, and that money to cycle through the economy at a high rate to really get broad inflation. What you've seen happen is the Fed's put in money, but the inflation has been highly targeted. So where you've seen spending, where you've seen real inflation come in, are areas that the government can complete the demand loop. That is education has gone way up, health care has gone way up. And you're also seeing the rich people, the uber, uber rich in the global areas where you talk about exporting the inflation. And this small sliver of people that have benefited as a result are coming in and they're buying baseball teams and basketball teams.

Do you not read every week, basically, that these global destination cities, be it like London, New York, LA, San Francisco, Hong Kong, they hit a new record price on the most expensive condo ever bought. 150, 200 million. That's where the inflation's going. So it's not going. But the problem is that's not going to work to prop up the whole thing. And what you're seeing collapse along with oil prices collapsing, you're seeing demand is tumbling. I mean, Europe, I think, is the place it's going to start.

Oh, Europe is in terror. Europe. I'll tell you something. And that's another thing I should actually have brought up a few minutes ago. This is a great, great discussion, by the way, so thank you for that. But, you know, another issue is the issue of relativity, okay? The theory of relativity. It's the issue of comparison. It's like, yeah, America is doing all kinds of bad, stupid, wrong things, but how bad that's like, compared to what is the question. You know, Europe is a disaster and a half. China is a disaster. And some people still don't really realize that, but just wait, five, 10 years, China's a mess, okay? I mean, who's better off than the.

U.S. well, I mean, I think the thing is, is that it's kind of like worst kid on the block. But here's what really concerns me the most, okay, is that what you're seeing is. And looking at geopolitical things that you're seeing the rise in nationalism occur in Europe right now. I mean, you're seeing a huge. When you look at what's happening in Hungary with like, Jobic, and they're an ultra nationalist group in France, all over Europe. I mean, the eu, I think, is done. I don't think they're gonna be able to keep it together.

That was a failed experiment from the beginning. That was just. It's just too crazy of an idea. You know, it just.

But when you take nationalism and you fuse it with economic depression and hopelessness.

And you have countries that are so.

Close together, yeah, you tend to get bad results when the Chinese realize that they've basically a whole generation of saving, okay, is located in bonds that may not be worth anything and cities that no one's ever gonna live in. I mean, you mentioned China, there's literally to keep demand up, the government's just commissioned building cities that no one lives in and people own their investment properties are apartments that are propped up by money printing and government misallocation of capital. When that eventually comes to roost, that it's like, hey, you know the money that grandma saved up for 30 years and bought this condo in a city no one lives in, and it's not worth $400,000. It's actually worth like $4,000. You're going to see trillions and trillions of dollars wiped out and reshuffled around the world. And what are people gonna do when their lifestyle. What happens when the Social Security check either doesn't show up or it doesn't buy what it used to? I mean, everybody's not. There's going to be a consequence. Someone has to pay. It's either gonna be the people who produce have to give more of their production away.

And that's what they're already doing. Look, look at, look at China. That's exactly what they're doing. It's a great deal for the U.S. what's going on? I mean, everybody looks at the trade deficit. I'm like, are you kidding? What are you totally myopic? The US is totally getting the benefit of the trade deficit. It's like the old saying, you know, let them sweat while we print money and we just devalue what we keep paying them and they keep having to produce more for what? I mean, wow, what a terrible deal for China and what a great deal that is for the United States.

I just wonder. I just don't think, and I can't point to any time in history in where that deal which has existed before, has ever not eventually come apart. Because I don't know.

That basically the BRIC countries, and in particular China, are going to continue at a, by the way, increasing rates to continue to ship us their wealth while we ship them our inflation. I just, I mean, does that go on in perpetuity? Like you said, it could go on 10 more years, 20 more years?

Oh, I think it could. I think it could go on 50 more years. But it is wrong and I don't think they should be doing it. But the question is, it's that Wall street concept you keep hearing, right? And Wall street is the epic scam. It's the modern version of organized crime right after central banking. But, you know, it's Tina, it's that acronym, T I N A. There is no alternative. What else are they gonna do? Where else are they gonna sell their wares. I mean, they haven't created their own economy where they've got enough customer base internally. They certainly don't. What are they gonna do, export to Africa? Come on. I mean, the US is the only customer, the only big, huge customer.

You know what, though? I'll tell you what. I heard this exact same argument.

In the 80s when people talked about Japan. And you know what it's like the Nikkei is still at what, a third of what it was 30 years ago? So.

I'm just saying that until someone proves to me that one plus one no longer equals two, it's like I'm betting on history. I mean, I'm betting on the fact that while gold is an imperfect, there is no perfect currency backer until someone invents one that lasts, that has value for 6,000 years, which I don't know much that ever has except for that. Then I'm just saying I trust gold a hell of a lot more than I trust nine eggheads in a room who think that they're going to control the world and tell me what interest rates should be better than open markets can.

And I think that I don't know how it'll all come down for sure. But I will say that when people's expectations have the reckoning with reality and somebody's going to have to because the math don't add up, and whether it starts in Europe and whether it goes to China and whether they want to carry the US a number of rounds, I don't really know. But somebody somewhere in large scale is going to have to live a hell of a lot poorer with a hell of a lot less savings than they thought they should have and are going to have. And I don't know, I add that up and that generally equals large wars. So I don't know that everybody's just gonna like, it's gonna sit by and it's all gonna go well. I mean, I frankly think a global globalism, you know, replaced sort of empireism. The colonialism of the 20th, 19th century was replaced by globalism of the 20th century. I don't think either of them work for many of they look a little bit different. You get to vote in one of them and that's cool. But I mean, I'm just saying, like it does.

But is your vote even meaningful anyway?

Of course not. It's just a show. I mean, it's like, you know, it's all pomp and circumstance, so, you know, it's gonna come home to roost. I do think this though, which is what's really cool. I do think that we have got more technologies and more ways to create human prosperity and connectivity than we've ever had in human history.

I think so too. And that's the amazing thing.

You know, I think that means that we can go through the bad period, wash it out, reset with the least amount of damage as has ever been possible in human history. I just still think that people are gonna have to really deal with the realities of the mathematics. And at some point, Germany can't just throw enough money at Greece and Spain and Italy to keep them alive at a 40% unemployment rate where you've basically got 18 to 29 year old men with nothing to do and no families and no investment in the economy. I'm just saying, man, when you put 18 year old men with nothing to do doesn't end well.

That's a huge problem for them. I couldn't agree with you more.

Well, I think we have some of the problem here, which is.

Yeah, we do, we do, but it's much worse in Europe. I mean, I was in Spain last year and Spain is a disaster.

It's a total disaster. But I'm saying they're trying to keep the lid on that. And that could be the situation in a lot more places very quickly if this facade of a recovery is popped. I mean, you already see huge amounts of problems. America, while in better shape than Europe for sure, as you say, not in great shape. Not a lot of millennials, young people, marriage rates, family rates, things that normally promote stability and growth of a society, as well as its sort of moral fabric that keeps people looking a little higher than a little lower. Not at a great, great place.

You see that the hotbed that's built up in things like Ferguson and places like that. I mean, I was talking with somebody the other day, I go, regardless of whatever you think about what the verdict or this or that should or shouldn't be, I said, I'll tell you this much, if unemployment was 4% in the black community and inner cities weren't so destitute in their economic and educational hope, I'll guarantee you that stuff wouldn't get burned at anywhere near the rate. And it's just a function of an ongoing hopelessness and frustration that's going on. It's about way more than the interaction of all the hashtags and whatever that are twittered out on these events. It's about an ongoing disassociation with the buy in.

What we have is we have certainly a symptom of all the stuff we've been talking about, whether it be central banking, it be the massive concentration of wealth among the uber uber rich and how Wall street and the legal system, they're just stealing the money from the population they can steal it from and that's the middle class. And the middle class is shrinking. And that is not a recipe for stability. That is not a good thing by any standard. And it just makes us look more like a lot of these banana republic countries out there. I just don't understand why people would go on a, oh, let's go live in Costa Rica, you know, where you have no roads, no interaction, infrastructure. Everybody I deal with in Costa Rica and I'm just, I'm not picking on Costa Rica. It's a beautiful place, I've been there. But you know, any of these central South American countries basically or other countries around the world, you know, the power goes out frequently. You got to have razor barbed wire around your house and bars on the windows. I mean, who wants to live like that? That's no fun. So I agree, you know, with the middle class is a, is probably the best metric of health of a society and it is shrinking in America. But at the same time I say we've got all this great technology, we've got people like Stephen Kotler. I had on the show the co author with Peter Diamantis of the book Abundance the future is better than you think. They profile a lot of this technology. Michael Milken and Jeremy Siegel a few years back wrote an article about the looming asset shortage. I mean, I don't know, I don't know what to believe. In the Abundance book they talk about the rising billion. It's really the rising 3 to 5 billion. We'll see which way this goes. It's an amazing time to be alive. There are certainly a lot of threats that we've outlined, but there are some, you know, signs of hope too. I'd love to have you back on Ted, as we watch this unfold and see which way it all goes, you know.

Oh yeah, well, tell you is I'm bullish, very bullish on, on long term humanity.

You could have heard me, but. Okay, I'm just teasing you.

No, I'm bullish because human beings have survived through way, way worse times.

Human history than we have now. I mean where we've got all sorts of sciences and technology and transportation and infrastructure and energy sources that have never existed. It's not like, okay, human beings are not on an upward tilt over the long haul. It's Just the things that I really worry about is I don't want to see 100 million people die in a war or a billion people live in horrible poverty for 25 years longer than they need to, where generations don't have hope. I don't want to lose those things on the way. I mean, you look at it and you say for us who didn't actually live or fight or any of that In World War II, I mean, you just go back, what's 100 million dead people look like? You know what I mean? It's horrible. Now we're like, watch Saving Private Ryan. And it's like, okay, great, that was a great generation. And now we've moved on. But it's like when we're all losing brothers and sisters, when we all have parents who can't take care of themselves because banks were liquidated and their entire life savings vanished. When we have a real rubber meets the road where huge amounts of displacement and pain go on for sustained periods of time, it's just not good. It doesn't mean we're not going to rebound as a people in a planet and a country and whatever. I just sit there and I'm like, it's a hell of a lot of human pain, man. I don't want to see that happen in the way. I don't want the clean, the reset to be any more.

Devastating than it needs to be. I sit there and I look at. There's a depression no one ever really talks about that took place right after Woodrow Wilson in 1921. And it took about 15 months to cycle through the depression because luckily Harding and Coolidge were pretty free market guys. They cut government. They did the much more libertarian oriented free market approach. It went down sharply. Bunch of people went bankrupt, Boom, right back up.

We don't do that anymore. We just kick the can down the road.

That's right. So you get 10, 15 year depressions where you ruin families and whole generations.

Of and you bail out the too big to fails. And that's what's so unfair about the whole thing. Tad, I gotta wrap up though. I would love to talk to you for another hour about this stuff because it's fascinating. Give out your website, tell people where they can find you.

Yep. So if you go to thebulletwire.com we have obviously the American Dream film up there. I post a lot of articles and things I find to be important as well as we have a new series called Shock and Awe shorts which are about 10 minute mixed animation live action films which we tackle education, the marriage debate, guns and the roots of violence. A lot of these things still using satirical fun, humor and storytelling to kind of break down these complicated and very potent debates into simple to understand packages. So yeah, sign up on our Facebook, follow us on Twitter, but go to thebulletwire.com and we post all our media.

There's fantastic. Tad Lumpkin, you are a fascinating guy and you do some great work. Keep it up. And thanks for joining us again today.

Excellent. Thanks, Jason. Appreciate it.

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