0:02

Welcome to the Great Reset where we discuss the future

0:04

of finance . I'm joined by John Person . He's a 39-year

0:07

trading professional and the co-founder

0:09

of J Person Asset Management

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. It's a fund that uses his proprietary

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right now and request that free Gold

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IRA kit . Well , john , thank

0:41

you for joining . We were discussing , before the

0:43

show started , about climate

0:45

change . You would think on a financial

0:47

show , or we talk about the future of finance , we

0:49

would just leave that hippie environmental

0:52

stuff to the side . It has

0:54

turned into an integral

0:56

piece of discussing the future

0:58

of finance . Tell me about the

1:00

climatedataimforg

1:04

.

1:08

Before we do that , if you notice that we have

1:10

two ways of running and

1:12

controlling inflation and two

1:15

entities . We call it and most of your

1:18

viewers probably have heard of fiscal policy , which

1:20

is what governments pass

1:22

bills , and that's where Congress is

1:24

important . The other one is monetary

1:26

policy , which is run by what

1:28

was the appointment ? The Federal Reserve

1:30

. We have around the globe

1:32

countries like Europe which

1:35

have the European Central Bank , so you have central

1:37

bankers and you have

1:39

again governments , and

1:42

so out of the bankers

1:44

and it's interesting that if you've

1:46

seen any in the last

1:48

few years , the Federal

1:52

Reserve , the chairman , which used

1:54

to be Janet Yellen , she's now

1:56

the Secretary Treasury of the United States . Now

1:59

we have Jay Powell . Jay Powell has

2:01

to come in front of Congress and the Senate

2:03

twice a year and say , hey

2:05

, what are you doing with interest rates ? And

2:08

I'm going to get to the tie-in . Here is

2:10

we've seen many times

2:12

where it's really strange

2:15

, where all of a sudden , a congressman and or

2:17

a senator will say what is the Federal Reserve's

2:19

policy on climate change ? Now

2:22

the Federal Reserve sets policy

2:25

and dictates interest rates . They

2:28

don't cut gasoline and buy EVs

2:30

and send Teslas to Congress

2:32

people . So the

2:34

Federal Reserve , jay Powell , has to constantly

2:36

be , of course , politically correct and

2:39

say , well , we're observing

2:41

that and he moves on . So

2:44

the IMF what is the IMF

2:46

? It's the International Monetary

2:48

Fund and they're the ones responsible

2:50

for overseeing global banks

2:53

and government's financial

2:55

conditions . If

2:57

you do a little due diligence , instead

2:59

of listening to just regular news

3:01

and regular financial , mainstream

3:04

financial media news on cable , if

3:06

you go to , what I do is

3:08

I go directly to the Bureau of Labor

3:10

Statistics to look at reports such

3:13

as the monthly unemployment report which comes out

3:15

tomorrow . So instead of listening to an interpretation

3:18

of an anchor person's view

3:20

of what the report says , I like to look at the report

3:22

myself . When it comes to the Federal

3:24

Reserve , I like to get the press conference

3:27

and you can go to the FOMC

3:29

, the Federal Reserve of the United States , and

3:32

look at the exact statements in

3:34

their policy . If you go to the IMF

3:36

, which is the International Monetary

3:38

Fund , which I believe that you have that link

3:40

, you can go and see are

3:43

they making sure that banks are

3:45

solvent ? Do they have a

3:47

net reserve of so

3:49

much percent of loans outstanding

3:51

in reserve so that there are no

3:53

bank defaults ? Or are

3:56

they really concerned with climate

3:58

change ? And what you

4:00

see there is on the IMF's

4:02

own website is that

4:05

they are in a directive

4:07

, in a push or a what

4:10

can I say a mindset to

4:12

start manipulating , controlling

4:14

or overseeing governments , foreign

4:17

governments and foreign banks and

4:19

having , if they're not a part

4:21

of helping climate change

4:24

, they're going to be taxed

4:26

, and the word is I believe a

4:28

distinct word says taxation . So

4:30

I did not know , going back

4:33

to school and being self what

4:35

I consider educated human being , that

4:38

the IMF is now the regulator

4:41

. It's the

4:43

judge , the jury and the punisher for

4:46

banks not participating

4:48

and contributing to helping climate change

4:50

. So that's kind of another

4:53

sense of control that I don't think a lot of

4:55

people are really aware of of where we're

4:57

moving and other agencies that

4:59

are pulling together for this big

5:02

climate change , of how to control people

5:04

and governments .

5:06

Right , it's a big deal and Elon

5:08

Musk has put some light on the subject

5:11

when he called out the ESG

5:13

scam , because Black Rock

5:15

and all of these big

5:18

conglomerates are

5:20

pushing this ESG stuff

5:22

, and then , because they don't like

5:24

Elon Musk , they put Tesla at the bottom

5:27

of the list , even though it's a darn

5:29

EV company . So the whole

5:31

thing's a scam and it's

5:33

not putting the incentives in the right place

5:35

for anything to be creating

5:38

prosperity or even to be helping

5:40

the environment . Frankly , it's

5:43

all to push an agenda , it's all about control

5:45

, it's all about taxation . It's all about this

5:47

war . It's a class warfare

5:50

that's going on . We were talking

5:52

before the show yesterday

5:54

about wealth inequality . I live in Brazil

5:56

. It's a top-down oligarchal

5:59

society . They claim to care

6:01

so much about the working class and

6:03

it's a socialist country , and

6:06

yet the average person

6:08

makes $200 some dollars a month

6:10

, and

6:12

it's where we're headed in the US if

6:14

we don't change course . So

6:17

I wanted to ask you about

6:19

because I was asking you about

6:21

this character on Twitter finance

6:24

. A lot is what he calls himself and he's talking

6:26

about a debt

6:28

crisis , an insolvency crisis that may

6:31

be coming , and even

6:33

a dollar , an M2 money supply

6:35

shortage . I'm going to show some

6:37

images on the screen .

6:39

By the way , when you were talking I want

6:41

to get to what you're saying , but in case your

6:43

audience saw me smirking while you were talking

6:45

is because I was thinking my mind

6:47

. We were talking yesterday and I was giving

6:50

you an example . What's worse , $4

6:52

eggs or 8%

6:54

mortgage rates and people have to be forced

6:56

to pay for their a mortgage

6:58

. They can't , they don't have a choice . Or if your car

7:01

loan goes up to 12%

7:03

, you have to pay that . So you have a choice of not paying

7:05

eggs . And here I am talking to a guy that's in Brazil

7:08

. All places about inflation

7:10

, it was like oh , I got a black .

7:12

I'm lucky .

7:13

That's why I was smirking and I'm like well , I didn't

7:15

think that through who I was

7:17

, my audience I was talking to .

7:19

I'm one of the lucky ones because I'm

7:21

benefiting from arbitrage , because I

7:23

make American wages in Brazil

7:25

. But I feel sorry for the people in Brazil who

7:27

are already paying Me

7:30

when we mentioned . They're

7:33

paying 10% per month for

7:35

a car loan and they're paying 10% already

7:38

per year for a house loan . And

7:40

if you look at what they're paying for eggs , it might be

7:42

technically cheaper but

7:44

on a real basis ratio

7:47

compared to their wages , they're paying way more for

7:49

eggs than we are in the US . So

7:51

we're already living and the funny thing is Brazil

7:54

is one of the best economies in Latin

7:56

America . They've been actually controlling

7:58

inflation compared to places like Argentina

8:01

. So the fact that it's good

8:03

here and yet it's that bad compared

8:06

to the US , it just goes to show

8:08

there's a long way to fall . That maybe

8:10

people don't realize , but

8:12

I want to show this chart of the M2 money

8:14

supply . So

8:16

the US money supply

8:18

has now been contracting year over year for 10

8:21

months . This is the longest stretch

8:23

since . Oh , look at that

8:25

wonderful year that we had , 1933

8:27

. So I

8:30

remember a lot of significant things happened that

8:32

year in 1933 . So does this

8:34

concern you , john ?

8:37

I think well , first off , what concerns

8:40

me is the amount of deficit

8:44

spending in US government

8:46

, and it's not just a US government , it's

8:49

also foreign countries

8:51

, japan , which you have a

8:54

graph there . I mean , what

8:56

concerns me is to be in America

8:58

and to have all the

9:00

wonderful things that this country and

9:02

our founders and people that have helped

9:04

develop , and to get the amount

9:06

of spending and the

9:09

entitlement programs that the government's been

9:11

doing and , of course , helping people

9:13

around the globe and writing

9:15

checks that we can't cash to find out that

9:17

France and

9:19

Spain have less debt

9:22

to GDP ratio than the United States

9:24

. That most of your viewers

9:26

would probably should be looking at this going . Wait a minute

9:28

. Japan , greece you mean

9:30

all right , greece with their whole debt

9:32

crisis , and

9:36

if anyone's been to Athens , they're not as affluent

9:39

as they used to be , and

9:42

it is something to look at

9:44

those numbers and say how did

9:46

the US get not

9:49

far behind Greece as

9:51

far as debt to income ratio ? And

9:53

that's what's scaring me as

9:55

far as how are we paying that back

9:57

? Is it going to be through taxation

10:00

, rising inflation and our

10:02

rates not just have to go higher

10:04

, but how much higher and for how much longer

10:07

? For anyone that

10:09

thinks that they were going to be in the

10:11

American dream buying a house . How

10:14

do you protect yourself in the future ? It's

10:16

not just two years from now , it's five

10:19

, 10 years from now . And

10:21

I want to tell you right now , sean , that we

10:23

have a mindset that's running our country

10:25

that is about spend and

10:27

don't worry about it , and that mindset's hard

10:29

to change unless something makes people change

10:32

. And pain always makes people change

10:34

, and that's the scary thing .

10:37

Well , this is the person who's putting that

10:39

message out there , that it could be considered

10:41

responsible to increase

10:44

your debt to GDP ratio

10:46

and maybe it's

10:48

to solve racism and climate change . That's

10:51

why it's responsible .

10:52

So if people aren't familiar with that

10:54

face , that's

10:56

Janet Yellen , and she's actually

10:58

, if you go back and look at her

11:00

financial background and where

11:03

she comes from . She's out of California

11:05

. She ran the San Francisco Fed

11:07

. She then was appointed to

11:09

run . She was chairwoman of the Federal

11:12

Reserve . She's

11:15

also one that was , as

11:17

President Biden voted , took

11:19

office . He appointed her

11:21

secretary of treasury and she , as

11:24

an economist and an ex-chairman

11:26

of the Federal Reserve not a banker

11:28

a chairwoman of the Federal Reserve

11:30

. She took Alan Greenspan's job , she

11:32

took Ben Bernanke's job and

11:35

she's the one that was asked

11:37

hey , isn't it dangerous

11:39

to have an increase of your debt

11:41

to GDP ? And she

11:44

said , no , look at Japan , they

11:46

do it . And it's like . And then

11:48

in Congress , so under testimony and

11:50

that's , I believe , that video you have she

11:52

was giving the rationality of why it's

11:54

okay because our debt to GDP

11:57

and our debt payment was below

11:59

the inflation rate of 2% . Well

12:02

, blow that out of the water , because

12:05

now we've got to service an

12:07

insane amount of debt and we

12:09

don't have inflation anywhere near

12:11

close yet to 2% . So we

12:13

have a person that's running and

12:16

suggesting to the president of the United States

12:18

and to Congress keep spending money

12:20

, keep writing bills , don't worry about

12:22

it . We kick the can down the road and

12:25

that's that one video right

12:28

there , and we'll explain

12:30

to a lot of viewers why the

12:32

mindset of who's running the

12:34

country here is . It's

12:37

going to be a hard road

12:39

to change . It's going to be a hard left

12:41

turn when we get to that stop

12:43

sign and it's got to be . Something . Painful

12:46

causes people to change their mindset

12:48

and I don't know what that pain is

12:50

when it comes to finances . Is it a stock

12:52

market crash ? Is it a big

12:54

bubble ? But something has to change

12:56

because the mindset of our leaders is

12:59

in the wrong direction .

13:02

Yeah , you're from Chicago . We were talking about Lori

13:04

Lightfoot and what she's done

13:06

to that city through her policies , and

13:09

it's to me there's a lot .

13:10

I mean she did get voted out so we have

13:12

someone . That's even worse . But

13:15

for the record , I moved

13:18

out of Chicago , I'm in Florida , so

13:20

I'm going to I guess the free estate

13:22

you could , you could probably look

13:24

at . I don't know if you guys could see behind me

13:26

. That's an old

13:29

Richard Borsow painting . It's a

13:31

hand painting . It was real famous from the Chicago

13:33

Board of Trade , right behind my head up there . And

13:37

the Chicago Board of Trade is where I started and

13:40

that was the last bastion of capitalism

13:42

. And I mean I

13:44

think that our world and the way

13:47

Chicago used to be run with democracy

13:50

and the democratic machine

13:52

under daily man , it's changed

13:54

to a completely whole new

13:56

mindset . Let crime

13:59

reign free and

14:01

let spending run free . It's a

14:03

whole different mindset . I don't know how we got

14:05

here this quickly .

14:07

It reminds me of the Batman movies , where we're

14:10

just the corruption takes

14:12

over and lawlessness , and

14:15

so I just want to draw a parallel there between

14:17

that type of leadership in Chicago to

14:20

the Janet Yellen Biden type of leadership

14:22

in the direction that we're going . Do

14:25

you think it's intentional ? Do you

14:27

think that there are puppet masters above

14:29

these people who have their agenda

14:31

? Or do you think they

14:33

have this ideology ? They're

14:36

kind of ignorant about it and they're

14:38

just following this kind of false ideology

14:40

. You just just , and they don't realize

14:42

the type of damage that they're doing

14:45

and the road they're taking us down

14:47

.

14:48

You know , I had a lot of discussions

14:50

with some friends . I've

14:52

been lucky and blessed in my life with some good

14:55

trades and good decisions and seeing

14:57

and doing a lot of due diligence and

15:00

just observing life . And

15:02

the question was , who do you think is really running Biden's

15:05

administration ? And the first thing out

15:07

of my mouth was the military . And I go get

15:09

out of here and it's like no , seriously

15:11

, if you think about it . Even going back to World War

15:13

II under Patton and

15:15

Eisenhower and Omar Bradley

15:18

, they had the press corps and

15:20

the press corps was trained what to say , how to say

15:22

it , because you didn't want to change the

15:24

troops morale . And

15:26

then in Vietnam , look what happened there . So fast

15:29

forward . Now think of all

15:31

the guys . Sullivan , it's

15:33

in the White House . What was his background ? Bush

15:35

, what was his background ? These are CIA

15:38

people that were either in the military

15:40

or in the CIA . So

15:43

there's , when I say the military

15:45

, I mean there are maybe civilians

15:47

today , but they were in the

15:49

military or under training

15:51

from the CIA . And I'm not saying that

15:53

this is a conspiracy theory , but I think what

15:55

it is is what's , in their mindset

15:58

, best for America , democracy

16:00

and controlling a governing

16:02

body , and that's it

16:04

. So you look at who's in charge of the CIA

16:07

, who's in charge of the FBI , the Department of

16:09

Justice and people

16:11

at the top , not the bottom , but the people

16:13

at the top are all in on

16:15

the same party kind of speak , and

16:18

I think you have to say well , is Janet

16:20

Yellen , was she a ? What's

16:23

her political affiliation

16:25

? You'll notice that when she ran the

16:28

Federal

16:30

Reserve , she was a

16:33

team player . So in the current

16:36

administration and

16:38

for what's running the United States

16:40

, whether it's the banks , whether it's the FBI

16:43

, department of Justice , the SEC , for

16:46

example , these are people

16:49

that are like

16:51

trying to keep order , their order

16:53

, and their order is as

16:55

it started with , maybe Clinton , with

16:57

the World Order , one World Order with then Obama

17:00

. Why did Obama go to the UK ? He went

17:02

to London . People don't remember this . President

17:05

Obama went over there and begged

17:07

the people in London

17:09

and England don't vote

17:11

out the Brexit deal , stay

17:15

with the Eurozone . What was our president

17:17

doing ? Telling them what to do ? That was kind of weird

17:19

. But it's a one World Order we're supposed

17:22

to be all like together . Last

17:24

thought I would share on that topic is every

17:27

summer , the Kansas City Federal

17:30

Reserve has

17:32

created this kind

17:34

of vacation business event

17:38

at Jackson Hole , wyoming , and we get there every

17:40

year . The

17:44

funny thing is , for the last eight , nine years , you see , that

17:46

they invite government officials

17:49

, foreign dignitaries

17:52

, other central bankers , and they had Mario Draghi before he

17:54

relinquished his role to Christine Lagarde , who's

17:56

now the head of the ECB . So

18:01

this is a banking conference for America

18:03

, but it's everyone invited .

18:04

The bank financial the

18:07

real power brokers , the real decision

18:09

makers of the world , are having their kind of unelected , undemocratic

18:12

governing decisions made .

18:16

Yeah , let me just share this , though the last sentence

18:18

that I made because I know we're limited

18:20

time , but if people do their , if

18:24

you want to know who's running things

18:26

, they invited government officials to do their work . They

18:28

invited government officials . Who was the number

18:30

one government official they had to come and speak

18:33

. At this past August conference

18:35

it was Jay Pritzker , a

18:37

Democrat , the governor of

18:39

Illinois . Now , what does he have to

18:42

do with running the banking situation

18:44

and his mindset

18:46

? I

18:48

didn't notice any , not that I want to say political

18:51

affiliation , but there were no Republicans

18:53

at that as

18:55

invited speakers . It's kind of a you

18:58

know you got to start thinking where

19:00

are we going on this government-led

19:04

entity

19:07

on a global scale ? Our universities

19:10

are . You know who's

19:12

in the teaching role ? You mentioned Lori Lightfoot

19:14

. This is an interesting one . She ran Chicago

19:17

and I'm not gonna say really into the ground , but Lori

19:19

Lightfoot gets voted out as mayor

19:21

of Chicago and she gets picked

19:23

up as an interim professor at Harvard

19:26

University . I

19:28

mean , I don't know if people see this news , because

19:30

regular news won't . What is she going

19:33

to teach people of her policies

19:35

to kids that are going

19:37

and their parents paying ? I don't know

19:39

what the cost of Harvard is these

19:42

days , but that's

19:44

kind of like when someone says who's running our country

19:46

? It's the mindset

19:49

of that political directive

19:51

and that those

19:53

ideologies . So it's becoming

19:55

more ingrained in our teachings

19:58

.

19:59

It reminds me of the party bosses in

20:01

communism . It wasn't so much like what

20:03

were the results that they achieved , it

20:05

was more that what is the status that

20:08

they were able to achieve . And then , once you're in

20:10

the club , then you get given

20:12

the special appointments you know

20:14

. So it's not so much about performance

20:16

anymore or even approval

20:18

Now that elections seem

20:21

to be rigged , people are waking

20:23

up to that idea . It's

20:25

not so much even who people like or

20:27

want and in a certain position

20:29

. It's not like Lori Lightfoot was popular

20:32

. It's

20:37

not like she's going to be more popular at

20:39

Harvard , but she's in the club . She did

20:41

what she was supposed to do , she followed

20:43

orders and she got her

20:45

reward for that . Well

20:48

, I mean we have a little bit of time left

20:50

. I

20:54

wanted to show something

20:56

I saw on Twitter from finance a lot . So

21:00

he said we just experienced the first wave of

21:02

finance chaos unleashed by Japan . Was

21:04

it a trial run coordinated with the US

21:06

, With charts suggesting something ? After October

21:09

, OPX will a second wave related to

21:11

and be the cause . Eventually , if

21:13

the crisis is large enough , it'll go global

21:15

. He talks about the 90s Asian

21:17

financial crisis as an example . I

21:20

haven't even looked at what happened

21:22

in the financial markets with the Japan . If

21:25

you did , maybe you can explain it to us .

21:27

Okay , yeah , that wasn't really in

21:29

the forex dollar yen relationship

21:32

and it was another

21:34

interesting aspect . Another big supporter

21:37

, donor to , let's say , obama and

21:39

of course , to Biden , is Warren Buffett

21:41

. All right , berkshire Hathaway . Berkshire

21:43

Hathaway announced earlier this year that they were

21:45

investing heavily in Japanese

21:48

banks , not

21:50

US banks , and what

21:53

happened is that in the forex market

21:56

we've had a . We

21:58

have two markets to quote . One is the cash

22:01

to forex market , one's

22:03

futures , the commodity markets , and

22:05

they're kind of inverted . But what

22:08

we've seen is the arise

22:10

in value of the yen versus the dollar

22:12

or inversely , you know , a collapse

22:14

in the futures . And the bank of Japan

22:16

came in and they were a small

22:19

little snippet . That's because it's been

22:21

moving in tandem

22:23

with yield . The yen movement has

22:25

been moving with yield as yield's been going up . The

22:28

yen versus the dollar has been going up

22:30

. So they came out and announced that they may

22:32

do some kind of and it caused a very small

22:34

movement . I don't think that that

22:36

has as much

22:38

to do with this week's excitement

22:41

as possibly what's really

22:43

even more important is the

22:46

fact that China's on vacation and

22:48

China's on a holiday and

22:50

we don't have as much money

22:52

flow going with China right now and

22:55

I'm not really as concerned of what's going

22:57

on in Japan and their financial

22:59

arena as

23:02

much as I am really concerned with what's

23:04

going on with China's ability to

23:06

maybe cut things off or add

23:08

things , and why I say that is

23:10

. It's kind of an unprecedented

23:13

amount of people that United

23:15

States we had Anthony

23:18

Blinken , we sent Janet

23:20

Yellen , we had our

23:22

commerce secretary we've been sending

23:25

a lot of admin

23:27

or at least the

23:29

Biden administration cabinet members over

23:31

to China without President

23:33

Biden talking to President

23:35

Xi . And why are we doing that

23:37

? And those are three commerce secretary

23:40

, treasury secretary and secretary of state all

23:42

talking and going over to China . None

23:44

of them , none of them got

23:46

any audience with President

23:49

Xi . Now , wait a minute , henry

23:52

Kissinger goes over

23:54

and visits China and President

23:56

Xi has all the time in the world to visit

23:58

in July with Henry

24:01

Kissinger . Now this has got

24:03

to tell you something , that something's

24:06

going on and we're not going to get

24:08

the real news . But if you look at FACS

24:10

and that's all I'm doing you look at the IMF

24:12

website , go to the Federal Reserve website

24:15

, look who sees at these conference

24:17

, who's getting jobs , you're going to get

24:19

a pattern here that

24:21

is kind of like there's something down

24:23

the pike coming and I don't know what it is , but

24:25

I would say , prepare for

24:27

it .

24:28

I have a couple of data points to add to

24:30

that to give it some context . One

24:33

is the recent meeting in Durban

24:35

, south Africa , for the BRICS , adding

24:38

a couple of big Petronations

24:41

to that alliance , and

24:43

Xi Jinping was the big star there . It

24:46

was almost as if for that moment in history

24:48

, the president

24:51

for life of China was

24:53

the most important leader in the world and

24:56

that was bizarre for me because

24:58

I'm almost 40

25:01

, and it was always the president of the United States

25:03

who had the

25:05

limelight on the world stage and

25:07

in that case it wasn't . And the

25:10

also interesting thing that happened and I can

25:12

point to moment in time when it really occurred

25:14

was the Chinese weather

25:16

balloon thing

25:19

that happened . That's

25:21

when Democrats and Republicans

25:23

both got on the same page

25:26

that China is the biggest military

25:28

threat to the United States , and

25:31

before the Democrats were covering

25:33

for China regarding COVID and

25:36

everything . So I thought that was interesting that

25:38

everyone was anti-China all at the same time

25:40

, right when , of course , china

25:44

is ramping up their alliance with Russia economically

25:46

and militarily Right .

25:48

It's interesting because in the Obama administration

25:51

, as he left office , he says the biggest threat

25:53

to the world is North Korea

25:55

. And I mean

25:57

there's a lot of what we would call smoke bombs

26:00

and smoke screens . Look left , because what's really

26:02

going on over the right ? And

26:04

when you mentioned the BRICS conference , when

26:07

you have one other person

26:10

that was forefront was Modi

26:12

from India , president Modi . So

26:15

you have India , you have

26:17

Brazil , you have

26:19

Russia , you have China , and

26:21

then they say you know what Iran

26:24

you guys are . You know you're trying to build

26:26

a nuke bomb possibly and develop

26:28

your nuclear . We're going to let you in our conference

26:31

here because you're an oil producer too . So

26:33

there's an alliance going on . That's never

26:35

happened in my lifetime

26:37

, obviously , and

26:40

it's kind of an interesting

26:42

development when you see

26:44

that . I mean , again , I don't want

26:47

to get into , you know political

26:49

, directing people politically , but

26:52

there was an interview on Fox by Brett

26:54

Baer and he interviewed

26:57

the Prince of Saudi Arabia and

26:59

I don't know if your viewers actually saw that , but this guy

27:01

was like we're building up Saudi Arabia and

27:03

we got more money than they know what to do with . And

27:06

here we had President Biden

27:09

just do an

27:11

, arrange a deal that they're going to help

27:13

finance building a rail system

27:15

from Saudi Arabia through the Middle East

27:17

to get the India and

27:20

I was like Saudi Arabia's

27:22

got . They could build this thing tomorrow if they

27:24

wanted to , and what about

27:26

the rail in the United States ?

27:28

Have you been on an Amtrak recently ? Their pieces

27:30

.

27:31

Okay , so we have a private

27:33

financier who helped

27:35

build the Brightline Express

27:38

rail here in Florida . Not the US government

27:40

, it's a private

27:42

fund that helped build that rail

27:44

system . And in the rail system in the United

27:46

States I'm pretty sure

27:49

all your viewers have heard we've had a few rail

27:51

incidents . We've got Pete Buttigieg , our

27:53

transfer secretary . We have a thousand

27:56

rail crashes a year . It's

27:58

common , can't we help

28:00

build that better

28:02

? So , yeah , it's kind of a weird thing

28:04

how we are seeing things in

28:06

the world change and yet we're

28:08

being sold . America's great

28:11

and I mean God bless America

28:13

and I mean that and

28:16

I think that America values

28:18

. Something is

28:20

changing and I don't know why , but

28:23

you can clearly see connecting

28:25

dots and go through all these websites

28:27

and some of the information that you've provided your listeners

28:30

to today . Listening to Janet Yellen

28:32

, they may never have seen that report . How

28:34

do you say that running your deficit

28:37

, spending more than you take in , is responsible

28:39

right now ? I mean these are little

28:42

things that may add up down the future and

28:44

I just say , if you want to say , is

28:46

anything changing ? Look at this video

28:49

or this interview that you did today

28:51

and people , so all the topics that we

28:53

covered you'd say , gee , none of that stuff

28:55

has happened in the last , didn't happen in

28:57

the 70s , the 80s , the 90s , 2000

29:00

. None of that happened in 2015

29:02

. Why , all of a sudden , in 2023

29:04

, are all of these things changing ? And

29:06

then I think maybe you have to

29:08

admit something's

29:11

turning the boat a little bit here . That's all

29:13

.

29:14

Right and with your fund

29:16

, with this type of environment

29:18

of uncertainty , what

29:20

type of sectors or safe

29:23

havens are you guys looking

29:25

at to protect yourself from

29:27

this type of volatility ?

29:29

So there's a few things I look at the . There's

29:32

one is a tradable ETF . It's

29:34

a little , it's dicey . It's called the VXX

29:36

. It's a volatility exchange

29:38

traded note . I do a lot of options

29:41

on put options and put spreads

29:43

with the spider I

29:46

also put . Believe

29:48

it or not , I actually bought in

29:50

March when we had long

29:53

Silicon I was going to say long term capital

29:55

management when we had

29:57

Silicon Valley Bank go under . I

29:59

looked at T bills and the six month

30:01

bill was giving five point . I

30:04

got 5.02 on a six month bill

30:06

that matured August 24th . Last

30:09

week I rolled into a three month T bill

30:11

and the

30:14

maturity date was it's December

30:16

21st . So I put a lot of my money

30:18

, about 40% of my cash

30:21

of my client , my

30:23

fund , into short term

30:25

bills . I don't want to be locked out but

30:27

I don't want to be locked in too

30:30

long term and I think

30:32

that having quick those

30:34

types of rates of returns on T bills I

30:36

do believe will still be paid out . So

30:40

I hedge myself and then also

30:42

I buy things that I think are

30:44

right now super , super

30:46

value and I'm not totally

30:49

bearish the world and

30:51

the economy for the next six

30:54

months . There's still a lot of cash out there . People

30:56

. Still , we have a lifestyles . I think

30:58

things are changing on a political

31:01

landscape that we have to be paying attention

31:03

down the road . But in between now

31:05

and Christmas I'm not

31:08

as bearish the

31:10

market . I think there's certain

31:13

areas of the market I like and I'll say

31:15

people will still shop for

31:17

Christmas , kids will have toys

31:19

under the tree . So

31:22

there's , even if you're struggling

31:24

financially , there's a

31:26

company called Target that does still this thing

31:28

called Layaways Target's . Really

31:30

it's gotten beat up and they had a bad

31:32

PR situation over the summer

31:34

with the whole bathing suit thing . Target's

31:37

probably got another 2% , 3%

31:40

to the downside and I think you can pick some

31:42

up there for a nice trade . I'm

31:45

not a big fan of energy . Right now . I think something's

31:48

going on with energy . I'm

31:50

not in any , I don't have any energy

31:52

exposure whatsoever and

31:54

I did .

31:58

Energy prices are going down

32:00

and it

32:02

was already low , so do you have

32:04

any clues as to why ?

32:08

I think what happened was the OPEC

32:10

, and this might be something that's played

32:12

off with . Remember , we never know what's going

32:14

on . There's always a smoke screen . We're helping

32:16

Saudi Arabia build a rail system

32:18

and at the OPEC

32:21

plus meeting they voted not

32:23

to increase or alter

32:26

any production cuts . We saw

32:28

, and maybe your viewers didn't know

32:30

this , but we went from Tuesday

32:33

, let's say , two in the morning

32:35

, european session crude futures were

32:37

trading at $95.13

32:40

a barrel , $95 on

32:43

Tuesday or Monday night . We

32:46

went to 82 and changed today , monday

32:49

, Tuesday , wednesday , thursday in less

32:51

than 79 hours

32:53

. That's a huge downside

32:56

move . What we

32:59

need to see is what we also

33:01

see is we don't put crude oil in our car

33:03

. What we put in our car is reformulated blend

33:05

gasoline and we look at heating

33:08

oil futures . Now you'd say , well , john , people

33:10

don't use heating oil . No , but heating oil

33:12

is kind of a close derivative of diesel

33:14

fuel . If diesel fuel

33:17

prices come down , if reformulated

33:20

blend prices come down , the Federal

33:22

Reserve may be able to give

33:24

an excuse to say we're not going to raise

33:26

rates , and they can help the US government

33:29

by not

33:31

raising rates temporarily

33:34

get through , maybe staving off

33:36

some kind of a

33:38

default , maybe

33:40

some kind of a , because we have to restructure

33:42

a lot of the debt . The United

33:44

States is in a lot of debt . We have to pay

33:47

that debt . We're not paying that debt at 2%

33:49

yields . We're paying that debt at 5%

33:52

, 5.5%

33:54

. I think there's something going on Again

33:56

. I'm not a conspiracy theorist , I'm just

33:58

a realist . All of a sudden this happened

34:00

and now

34:03

all we've got is Speaker McCarthy issue

34:05

with the Republicans . We've

34:08

got a kick the can down the road

34:10

of our budget . All

34:12

of a sudden , crudewell comes down . Somebody

34:15

, I think , made a phone call . I'm just saying

34:17

that out loud . Yeah

34:22

, good point . It's hard to figure out .

34:25

Like you said , there's a smoke screen . We don't have

34:27

all the answers , but you can

34:29

notice when these things happen and they

34:31

seem to be coordinated . There might be a connection

34:34

, I

34:36

guess . Sometimes , when something's

34:39

down , you think , hey , it's an opportunity

34:41

to buy . Then again you

34:44

might need some more information to make that decision

34:46

. We've run out of time . Where can people

34:49

go to connect with you ? Linkedin

34:51

? What was the way that ? Do

34:53

you want people to learn about your fund ?

34:56

You can just go straight to personsplanetcom

34:59

. I've written a bunch of some

35:01

books . We have indicators that are on Charles

35:03

Schwab's platform . We've developed

35:05

Sean

35:08

. I just would like to offer people this

35:10

If you think you're missing money , it's

35:12

hard to get your losses back quickly

35:15

, but people want to make money

35:17

fast . I think in my 40

35:19

years of trading in the markets you

35:22

make gains over a period of time

35:24

Base hits . You get home runs every once in a

35:26

while . If you're extremely bearish , the market

35:29

wait a day . If you're extremely bullish

35:31

, the market wait a day . Never

35:33

go all in and say

35:35

I got to get in , I'm missing something . Scaling

35:38

in over time . Absolutely

35:40

. If I could offer any more advice to your

35:42

audience be diversified

35:44

. There's a lot of great things that you could do

35:46

. I personally

35:48

own a little bit of silver and gold physically

35:51

in the house . Now I'm not going to give you my

35:53

address . I was probably stupid . I

35:56

don't call it run money

35:58

, but I want , in case no one ever remembers

36:00

this , back when we had 9-11

36:02

, people running out the banks . Cash

36:05

was inaccessible . A

36:07

lot of ATMs were people making

36:09

a run . I think you

36:11

need a little bit of cash , you need something

36:13

, and you have to have money invested

36:15

in the market and be smart about

36:17

it . That's my advice . I

36:20

thank you for letting me come on your

36:22

show . I hope I didn't put fear of God in panic

36:24

. There's

36:30

things that people need to do and do their own due

36:32

diligence and go straight to the sources

36:34

. They may not realize that . I hope we helped educate

36:37

people today on that .

36:38

No , Absolutely , John . I think there's

36:40

some common sense principles for people

36:42

to follow . Although

36:44

we're not giving financial advice , it's just to

36:47

make sure to protect people

36:49

from getting a little bit impulsive

36:52

with their investing . Thank you

36:54

, John . We'll put a link below for a person's planet

36:57

and people can check out the resources there . God

36:59

bless you .