0:04

Hello, everyone.

0:05

We got a big news day. Really good

0:07

to have you here. big headlines we're gonna get

0:09

through apparently. Climate change is no

0:11

longer the biggest priority at

0:13

the UN summit. You see, president

0:16

Biden and Emmanuel Macron out

0:18

of France, they've decided they wouldn't

0:20

attend some of those meetings because it seems

0:22

there's more pressing issues right now,

0:24

like, global stability, thanks

0:26

to some allegations that

0:29

Russia is making right now. It's funny

0:31

how reality creeps in and messes

0:33

with those good old climate change plans.

0:35

Anyway, all of this happening, of course,

0:38

as Vladimir Putin threatens aggression,

0:41

like, of the nuclear kind. So we'll get into

0:43

that Meanwhile, the Federal Reserve is out with

0:45

its interest rate hike to seventy five

0:47

basis points, and

0:50

it's admitting that it has no idea

0:52

whether or not it can actually

0:54

prevent a recession from coming. Of

0:56

course, a little news alert, our guys.

0:59

We already have one. at least,

1:01

technically speaking, two

1:03

quarters of negative GDP.

1:06

One more thing we gotta get to Leticia James,

1:09

the attorney general of New York, is

1:11

back out old called shy hair. She's

1:13

coming out and announcing a loss

1:15

suit that she's filed against Donald

1:18

Trump, former president Trump and his

1:20

children. It has certainly been her life's

1:22

mission. political mission to

1:24

go after Donald Trump. It makes you

1:26

wonder if she doesn't have a

1:28

little appreciation, right, for the guy's

1:30

existence, given that, I guess,

1:33

she owes her entire political

1:35

career to him. It's good to have you

1:37

here. Welcome to the program, everyone.

1:39

As I said, lots of news to get to you today.

1:41

I wanna point out the portions of the program

1:44

are brought to you by legacy precious

1:46

metals. It's never done a better time to invest in

1:48

precious metals right now. Obviously,

1:50

given this inflationary trajectory,

1:53

the concerns, of course, about a recession,

1:56

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1:58

out. some of the volatility in your

2:00

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And if you do, I'd like you to

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com is their website. We'll talk a little bit

2:15

more about it coming up, but First,

2:18

to the news that's happening in

2:20

New York, reality

2:23

really, you know, kind of stinks. Right? When you

2:25

can't, even you play a whole conference think

2:27

about that. This whole conference

2:29

was planned around the idea of

2:31

climate change. And

2:33

suddenly, there's been this shift. I mean, you

2:35

can't get the president of the United States to attend

2:38

the breakout sessions because, well,

2:40

I'll have Lanra Putin. That guy's in the way

2:42

again. course, it didn't really change

2:44

his speech. He has his

2:46

priorities after all right? Listen.

2:49

As

2:49

I said last year, the

2:51

United States is opening an era of relentless

2:54

diplomacy to address the challenges

2:56

that matter most to people's lives, all people's

2:59

lives. tackling

3:01

climate crisis as a previous speaker

3:03

speaker spoke to, strengthening

3:05

global health security, feeding

3:08

the world, feeding the world.

3:11

You know,

3:11

and it gets a little tough when

3:14

Russia decides to cut

3:16

off that pipeline, that

3:19

supplies Europe with its natural

3:21

gas, it gets a little tough when you

3:23

lose the bread basket there in Ukraine.

3:27

That's the time when you probably

3:29

ought to be saying to yourself gee, maybe

3:32

just maybe. You know, I'm gonna go on a limb here.

3:34

we might wanna think about

3:37

investing in our own sources

3:39

of energy and our own sources

3:41

of food and anything that's vital.

3:44

to our existence as a

3:46

country because we certainly don't

3:48

wanna be in a situation like Europe is

3:50

right now. we don't

3:52

want to ignore

3:55

the reality of this moment.

3:57

And the reality As by the way, Jamie

3:59

Dimon totally gets. Jamie speaking

4:03

on Capitol Hill, telling Congress,

4:06

need fuels in the here and

4:08

now. You don't wanna ignore that reality

4:10

because if you do, you could very well find yourself

4:12

in a very vulnerable state. As

4:14

we see, of course, with Germany. So

4:16

this is kind of important stuff. I'm gonna get to

4:18

Gene Messer in second because we gotta explore that a

4:20

little bit more. But before I do, given,

4:22

as I said, the world that we are in right

4:24

now, given growing inflation,

4:27

I can tell you this, I

4:29

don't think that the Federal Reserve seventy five

4:31

basis points will be enough, not at

4:33

this point in time. and I think you

4:35

have only to look at what we had

4:37

to do in the early eighties

4:39

to combat inflation with Paul Volker.

4:41

Raising rates. Imagine this is the benchmark

4:43

rate to twenty percent were nowhere near

4:45

that. And I don't think this

4:48

Federal Reserve has the

4:51

confidence the political capital,

4:53

if you would, to be able to really

4:55

do that. I mean, heck, they won't even tell you you're in a

4:57

recession. They're wondering if maybe

4:59

Maybe we'll still get one. I mean, as I've

5:01

always said, by the time these guys figure it out,

5:04

hopefully, hopefully, we'll be out

5:06

of it. But this is one of the reasons why I

5:08

think it's important to diverse to find your portfolio,

5:10

and there's lots of ways to do that.

5:12

One of my favorites, of course, is by investing

5:14

in gold. You can also invest in silver,

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go to legacy PM investments

5:18

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get all the information there. I

5:25

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do too. legacy p m investments dot

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com, 1866589056018665890560

5:35

But like I said, you know, it really

5:37

kinda stinks when you

5:39

have to deal with the very

5:41

real threat. right, of global

5:43

stability, energy prices, things

5:45

like this. It's why it was

5:47

important for Jamie Diamond

5:49

to say what he said. I mean, there's been such

5:52

a kind of woke culture that's

5:54

been enforced upon Wall Street,

5:56

enforced upon corporations. And

5:59

as such, The only game in town

6:01

is ESG. Environmental, social,

6:04

governance. You have to

6:06

live by a certain number of

6:08

rules if you want investors

6:10

putting money in your company, so Jamie Diamond

6:12

saying, look, we need

6:14

more clarity on this. And and that matters

6:16

because he runs one or most respected

6:18

investment banks in the world, JPMorgan.

6:21

So for him to come out and say that

6:23

to lawmakers, that was kind of a big deal because

6:25

he is a very respected voice.

6:27

He said that we're not getting it

6:30

right. If you wanna ensure that

6:32

you are going to have a reduction in

6:34

greenhouse emissions, then you

6:36

need to be thoughtful about investing in

6:38

the proper projects, which also

6:40

includes still, if you wanna

6:42

have an economy, the

6:44

traditional energy sources.

6:46

So again, an important message

6:48

because that somehow gets lost.

6:51

reality doesn't seem to

6:53

matter anymore. And I think that it's

6:55

not fair for the American people to wind

6:57

up paying the price because

6:59

there's a particular agenda. And let's be very

7:01

clear, it is an agenda and there's a lot

7:03

of money involved. There's a lot

7:05

of people that will become

7:08

very rich as a result of

7:10

all this ease. And they already have been, by the way.

7:12

I just worry about middle class consumers

7:14

that are facing these escalating energy

7:16

costs and these escalating food costs that

7:18

are going to continue growing worse

7:20

as the conflict escalates

7:23

overseas. So I'm glad

7:25

that he did that. I wanna get to one other

7:27

story because I'll tell you never a

7:29

dull moment if you would in the

7:31

Trump though. arena Leticia

7:33

James who has made it basically

7:36

her life's mission to take

7:38

down Donald Trump. and

7:40

his family. She is out

7:42

with a lawsuit against the

7:44

former president and

7:46

his children laying

7:48

the law as part of his

7:50

efforts to generate profits for

7:52

himself, his family,

7:54

and his company. The

7:57

complaint demonstrates that Donald

7:59

Trump falsely

7:59

inflated his net worth

8:02

by billions of dollars to

8:05

unjustly enrich himself

8:08

and to cheat this system. Conceding

8:09

those big banks. Don't forget.

8:12

because it was the big banks

8:14

that did their own due diligence and

8:16

decided that he was a worthy credit

8:19

risk. So I guess we gotta

8:21

protect them. Right? I mean, that's effectively

8:23

what she's kinda saying. He he

8:25

cheated those banks. I

8:27

don't know is that's really gonna play in Peoria as

8:29

they say? She's gonna keep trying. Right? I mean, she's

8:31

gotta she's gonna go for something. This is her entire

8:33

political existence that's dependent

8:36

on it. I think a lot people would argue

8:38

that she's crossed the line by

8:40

personalizing it so much, by making

8:42

it so political because it

8:44

detracts from any kind of case

8:46

she might have. And

8:49

again, I'd get back to she

8:51

might have because

8:53

don't you need the banks to be kind

8:55

of upset, They think that they

8:57

were defrauded out of something? And

8:59

what does that say about them? I mean,

9:00

did they not do any due diligence to

9:03

figure out what his real estate assets

9:05

were worth get a think on all those

9:07

things. Anyway, wonderful to have you here. As

9:09

always, tomorrow, we're gonna talk a little bit

9:11

more about investing in this environment. I've

9:13

got TC Capital's Charlie Diamondback joining

9:15

the show, so make sure you tune in for that.

9:18

I'm a chat

9:18

then.