The best and most sincere financial advice in the world

I have been listening to Robert Kudla from Trade Genius being interviewed by Dave Hodges from the Common Sense show for a couple  of years. These interviews are like Gold. Here is the latest one in March 2022. Robert gives a lot of valuable advice about the future economic climate as well as where to invest your money. It really is worth your time to  listen to this interview and consider trading with Trade Genius. I also like listening to Dave Hodges every day because he covers a lot of topics and gives quick insights and thoughtful snippets so you can get a balanced coverage of what the hell is going on in the world. Whatever your faith or politics you can rest assured that Robert Kudla and Dave Hodges are good human beings.

I am not an affiliate. I am an admirer and want to share these valuable options to make your life more secure and pleasant.

Robert Kudla – Trade Genius

Interview with Dave Hodges from the Common Sense show. This very useful interview covers how to deal with issues relating to: supply, Ukraine, oil, fertilizer,  inflation and food.

Common Sense show Link

https://thecommonsenseshow.com/about-activism-conspiracy/whats-next-economy-do-you-have-enough-time-prepare-robert-kudla-and-dave-hodges

Youtube Link

WHAT’S NEXT FOR THE ECONOMY AND YOUR PREPARATION ROBERT KUDLA

Trade Genius

Trade Genius-Learn To Make Money the way I did! Click Here! http://www.tradegeniusacademy.com Use Promo Code “SPRING” for 35% OFF non bundled items (expires 3/26)

Thecommonsenseshow.com

Transcript

hello everybody dave hodges here host of the common sense show we are the show that is freeing america one enslaved

0:06

mind at a time and today we’re going to do a show on

0:11

the market the economy personal finance just all kinds of economic factors

0:17

and it’s been a couple of weeks since we’ve spoken to our guest robert kudlow from trade genius

0:23

and it just never fails every two weeks we have a whole new plethora of issues i’ve

0:29

never seen things move this fast remember we used to have to hunt for stories in my early days now we get too many to show up on our

0:36

doorstep and we have to pick and choose what we cover and unfortunately the news is not all good but we’re here to help you navigate

0:43

some of the troubled waters here and give you some options on how you can best handle your financial situation

0:49

today given the incompetent leadership we have been coming out of washington bob welcome to the show

0:55

hey dave thanks for having me yeah it’s hard to even know where to start

1:00

because inflation’s out of control and we can’t call it transitory anymore the lie they tried to tell us

1:07

we’ve got chaos with middle east oil going on right now that could affect our supply

1:13

and of course there’s the ongoing problem in ukraine and the related issues with fertilizer and wheat and so

1:20

forth and okay so in the midst of this morass where would you like to begin

1:26

well i i think now you know those are all first order events right and you know and you and i have

1:32

talked about these exhaustively over the last 18 months and everybody knows look all this stuff actually took

1:39

off from the day that joe biden was um anointed as president in november

1:47

and and so uh this is this pattern is expected but now we’ve reached what i

1:52

call the second order effects so we created this environment where we have

1:59

um where we have a a supply crunch created by

2:06

uh by the pandemic but the pandemic didn’t cause the supply crunch it was the policy initiatives that

2:13

surrounded it okay and then then they followed it up with the uh

2:18

uh the oil supply problem which again two policy choices one was

2:24

then trying to restrict supply in the country to get people to move the renewables and the secondly they’re using the russian

2:32

uh you know invasion into ukraine as a second order event for that and and

2:38

so supply has not changed at all in the country around the world

2:44

and demand has been creeping up but price of oil now is up 150 since

2:50

biden took over primarily because now speculators are correctly

2:55

expecting further supply constraints and and policy

3:00

decisions that are going to keep us from going back to normal price oil now

3:06

that’s oil in and of itself you know hey i could deal with it it’s going to cost me a couple of dollars more to fill my tank

3:11

but that’s not where it ends so one thing about oil it has um

3:16

natural gas is part of it propane’s a part of it okay so natural gas is also expensive right

3:23

now it’s going to remain so united states has a lot of natural gas it’s cheap but but europe has no doesn’t have

3:29

natural gas because they’re cut off from russia now and so guess what we’re going to be now

3:35

freezing our natural gas liquefying it and we’re going to be sending it over to europe so they’re arbitraging the prices

3:42

so we get to pay for europe’s inability to create their own sources of

3:49

natural gas or protective sources and not rely on dictatorships

3:54

and but we get to pay for that privilege now at higher natural gas prices okay bob so so what about that well

4:01

natural gas is used in about a gazillion things okay you know it’s it’s used to make

4:07

polyesters it’s used to make fertilizer oh my okay so there’s two components of

4:14

fertilizer right one is the potash that gets mined out of the ground right

4:20

and then you have urea you know an ammonia

4:25

that is is generated through the chemical you know extraction through natural gas

4:33

converting it into ammonium and converting it into urea and which is one of the same and so

4:40

you have um and that’s used on a lot of crops okay and so now you have and that’s nitrogen

4:47

so nitrogen and potash right you know when people talk about you know they also put calcium in there as well you

4:53

know you can read your little fertilizer you know on your miracle grow bottle at home the top three things right

5:00

so two of those are in great deficit right now and and so it’s going to cause a big

5:08

change in in the food dynamic there is a chart i wish i would remember

5:14

giving it to you um uh i’ll try to find it and you can put on another another podcast

5:20

at your leisure is that where russia ukraine who they export

5:26

their wheat to and it’s primarily to africa so now

5:32

two things are gonna happen one is gonna be less going to those parts of the world number one and number two is you

5:37

know russia is going to extract concessions out of hey we’ll sell you the wheat but we need you to unalign with the west

5:46

okay and guess what africa has africa has strategic minerals okay

5:51

so it’s going to be used as a weapon it’s also going to be a club that’s going to club these people into food

5:59

food shortage images so that’s number one number two on that china is in

6:04

fertilizer deficit okay now china’s not north africa china has a lot of foreign reserves

6:11

so they’re going to try to buy the world out of the grains that they may need if they’re going to have shortfalls next

6:17

year because they can’t get enough fertilizer in the ground okay and so

6:23

you have a situation now where you’ll and then the greatest sucking sounds going to come out of australia united

6:29

states and south america right australia and china already have issues with each other so

6:34

uh i don’t know if money will talk louder right same with america you know we uh they they buy a lot of our coin a

6:41

lot of our soybeans a lot of our pig right and then you got south america which is

6:46

argentina and brazil are basically designed as grain exporting countries because they make so much more

6:53

food than their population requires and so they’re having problems though

6:58

argentina has cut off the export of their grains okay and brazil’s been having issues

7:04

with production levels so we may have a perfect storm uh coming at us here in the next um

7:12

right now what’s it it’s it’s going in that it’s going into april right so we’re gonna probably be what i would

7:18

call i’m quoting here uh okay for for 2022 we’re going to see increased

7:24

prices of food but going into 2023 is going to be i think things are going to become very problematic

7:31

okay i.e there’s probably going to be famine in the world all right and

7:37

because all the supplies that are being being stored right now will be sucked out of the system

7:43

and we’re gonna be running a deficit uh in in production so

7:48

that’s a problem and it’ll be an opportunity when we talk opportunities i’ll tell you where you could trade those okay but right now that’s a

7:55

problem for the world and we’re starting to see ukraine not ukraine excuse me you’re starting to see um

8:01

romania hungary argentina and obviously russia and by default now ukraine

8:08

are not exporting grains so you’re going to start seeing around the world you’re going to start seeing countries that normally export food

8:15

are going to get more cautious because they don’t want to run out of food for their own people

8:21

and it’ll be really interesting to see what happens in the united states australia is not so much an issue because their population is relatively

8:26

low same with south america all eyes on us in canada right to see if if they’re going to suck

8:34

us out of grain or or we’re going to start seeing export controls here in the united states as

8:40

well because you know it’s going to become food’s going to become very expensive here in the united states because we’re

8:46

used to not exporting natural gas and oil

8:51

and food at levels that we’re going to see going forward and that just means the american people are going to pay

8:57

more for the privilege of exporting and so that’s the big thing that i see as a

9:04

second order event on the inflation and food front but that’s not the only one this

9:09

administration is not even dealing with this are they no they no because they’re too busy seeing how sensing how they could turn

9:16

this into an opportunity for for their side if you will yeah i got it i know what you’re saying but

9:22

um yeah anything to do with energy is going in the back pocket i

9:27

this is just incredible incompetence with leadership but but forget the leadership for a second

9:33

do you have any idea how to quantify how bad it could get for america

9:39

well yeah look you know it’s interesting i don’t know if and if i repeat myself just let me know you and i talk fairly

9:44

often is that um you know everybody’s talking about inflation running at five percent we had

9:49

a ppi of nine percent well the congress just approved um

9:54

uh pay raises for their congressional staff at twenty twenty point percent so we know inflation is running at

10:00

twenty percent and so uh i think food prices are gonna probably be you know in that range

10:07

right now if if you’re smart get the costco because so farmers know that when grain gets

10:14

very expensive they won’t be able to feed it to their animals so they’re probably taking a lot of them to market

10:20

right now so you get these you get these temporary dips in meat prices when these things happen

10:26

so if you look at pork prices right now they’re they’re really good beef prices are really good um relative to the past

10:34

six months but going into summer and going into next year you’re gonna see prices at all-time highs for

10:40

for all all sorts of protein you know the whack jobs at the wef and

10:45

the new world order they’re telling you to eat bugs now they came out and told us that we should get

10:50

used to eating lentils except the idiots forgot that lentil prices are double too so

10:56

um you know it’s amazing and you know why they they’re talking lentils is because if you can’t put

11:02

you can’t put uh nitrogen in with fertilizer you have to have nitrogen fixing crops right

11:08

and so um so you’re gonna see you know up in canada you know where they can grow wheat barley they can also

11:14

grow pulse right that’s the lentils so you’ll start seeing you’ll start seeing a shift that’s why they’re saying hey if

11:20

you want to save money eat lentils right because they know that the farmers are going to put something in the ground to

11:25

monetize it okay and so you’re gonna see uh you’re gonna see a shift to what i call the

11:31

lower quality grains that in terms of what people like to eat so we’re gonna shift down from corn to

11:37

wheat wheat to barley barley to pulse okay and then um then obviously that doesn’t

11:43

work with eating bugs oh my gosh what’s

11:49

the average person to do should they store food yeah hey look you know um

11:54

obviously you live in the city you know you need to you need to probably look plan ahead you know i don’t want to

12:00

make this a prepper show but you know you need to have um you know

12:06

you need to have if you know obviously you’re urban you’re probably screwed because you don’t have the freezer space

12:11

get it get it in your garage right get an extra freezer invest in it and get get four to six months worth of

12:17

food in there and the only reason being is that you want to be able to buy when things do go on sale because you get

12:23

these temporary gluts so that you can always buy at best prices instead of buying at half the prices

12:29

you know that’s number one number two if you have a yard uh i got a year’s worth of rice already and i and i have a

12:36

big patch for potatoes i can grow my years worth of potatoes so you know you do that and

12:42

and uh you know you’ll learn that and also get on a keto diet so you can just eat more vegetables

12:50

if there’s an upside to it and we’ve had this discussion in our home um about this but uh i will never eat

12:57

bugs no no neither would i i think that’s i think they enjoy

13:03

i think they enjoy tormenting and trolling us i really do i think until the until somebody takes a whack at

13:09

their family you know when people just get start getting desperate and so um

13:15

you know but those guys i think that they enjoy trolling us i mean look you know it’s you know it used to be let

13:21

them eat cake and now let them eat lentils right so i know i hear you it is funny

13:27

until you think about it becomes our reality yeah yeah so that’s that’s that so we’re

13:34

gonna it’s gonna be look united states is gonna become i used to say inconvenience now we’re

13:39

pushing past inconvenience now because we’re getting a hit with a double whammy right so you know you got food and you

13:45

got energy hitting you right so um uh i think now it’s it’s it

13:52

it’s gonna come real and the ironic thing about it is you know you’ll shift you’ll you’ll put the money you have to

13:58

into your car to get the work and you’ll put money into your belly to eat but it’s all the other what i would call

14:04

the non-demand services the non-staple services you know the nice to have stuff

14:10

that part of our economy is going to suffer greatly it’s going to go back to those things used to be for the elites they’re

14:17

going to go back to the elites right you know if you if you could barely eat right you know you’re not going to get

14:22

your your nails done you’re not going to go out to eat with your family you’re not going to get a massage you’re not going

14:28

to go to the chiropractor right your kids aren’t gonna be doing private coaching

14:33

you know all that stuff’s gonna die away and the sad thing about it for united states that’s that’s like 25 to 30

14:40

percent of our economy what i would call non-essential services

14:45

and and uh that includes the travel industry and and i’d call it augmented

14:50

medical industry and you know uh personal parents industry

14:56

you know all those things all those things go away yeah i i hear what you’re saying so

15:03

let me take this back to what you do for a living and and uh because i know you always put your money where your mouth

15:09

is um how does this affect like how people handle their money where

15:14

they invest how can they take advantage of a bad situation and you know turn it into a

15:20

silver lining yes so um uh as you know people were listening you

15:26

and i for the last 18 months they should have already shifted from financial assets to hard assets right and i’m not

15:32

talking gold and silver i’m talking about the commodity space well right now i say we’re probably in

15:39

inning four four and five so we’re um

15:44

we’ve been looking at obviously we’re looking at um anything on the renewable side because

15:50

we know that’s where the administration in the world wants to go now because these people are these people are very

15:55

simplistic okay so they uh uh i thought these are notifications of

16:01

my system the market must be going crazy and um they have um

16:07

uh they’re gonna try to take advantage of this russia thing so you know we’re big in uranium we’re big

16:13

in lithium we’re big in cobalt you know we’re we’re big in those

16:20

aspects of the commodity markets and so uh and we’ve been killing it and

16:25

today three days ago i told people to get into lithium america and your other focus is

16:31

people need to understand you need to buy close to home because the export markets are going to dry up not just for food but for

16:38

everything so you know though we’re looking at companies that are in the united states like we’ve been in this thing called

16:43

quad u for uranium since 250 we just does our second trade on it now

16:49

it’s back up to ten dollars okay uh we killed that trade uh lithium america is a lithium company

16:56

we got into it it’s a five dollar since we got into it just on monday

17:01

and um and so we’re also in uh in ccj canadian minor we just closed our fertilizer play

17:09

we got it from 18 to 63 so we’re putting people in these trades where you can what we call it outrun

17:16

inflation you know you heard my tired old story about the you know two guys walking in the woods and a bear comes up

17:22

behind him the guy sits down starts putting on sneakers he says what are you doing you cannot run the berry because i

17:28

don’t have to does that outrun you and that’s what that’s how we have to think we can’t we

17:35

can’t beat these guys we can’t change them you know unless you’re an extraordinary individual

17:40

right but we can outrun inflation and and that’s that’s what we’re trying to do and how to show people to do it at

17:46

at trade genius that’s the trade for the next 12 months before the wheels come off the apple car

17:53

trade in 2023 and we’ll explain how that works too yeah we’ll get to that i

17:58

definitely want to hit that later but right now we got to deal with the monster that’s in front of us but i want to read to you something here

18:05

that you shared with me and i think it’s really appropriate it’s from a gentleman named greg and he said

18:11

when he was investing with you guys and this is your attempt to outrun inflation i think

18:17

um first on bar boarding call was march 4th of this year

18:22

his first option trade on 321 was 1170 investment 325 return in

18:28

the first hour 27 return in one hour texas is going to be short one plumber

18:34

soon i thought that was great i love this then this guy gentleman named tamir

18:40

i’ve been with trade genius for four years the educational loans worth the price profits made trading are just the

18:46

gravy on top just praise you guys for keeping people

18:51

on top of things so there are opportunities here for people to really outrun inflation right you just have to

18:57

produce more income than the inflation rate but bob i want to deal some with something with you and it has to do with the

19:03

inflation rate um i’ve done a fair amount of studying on this the government has admitted 7.9

19:10

which is exorbitant but that’s not what it is when you use the cpi uh criteria

19:16

from 1982 it’s in the 16s yeah it’s actually closer to 20 you know

19:22

how i know it congress gives themselves a 20 raise that’s how i know it’s 20 percent

19:28

no i think you’re right and then you you said something once that really resonated with me you said one of the best benchmarks of what the inflation

19:35

rate is is to look at rent how’s that doing yep same yep that’s my frame frame

19:40

of reference you know i always look at the annual increase in rent as the uh

19:45

as a tool because look those are the most connected people right and you know that’s what blackrock’s

19:50

investing so that you know so and look they keep buying homes because they know they can keep getting rental prices up

19:56

right and um and so you know obviously they buy a fixed asset and then they want to

20:02

inflate it so that you make money uh owning something you have a fixed cost relative fixed cost on right and you um

20:10

uh then you they outrun inflation by buying property and start charging increasing amounts of rents every year

20:16

so um last year was i think it was 15.5 so you know i always say we had a 15 16

20:23

uh inflation rate congress came out and gave themselves 20 you know so i think we expect to see

20:30

inflation continue to rise okay and look when oil is up over 150 in

20:37

18 months okay that’s that’s just a natural lift for inflation too and this

20:43

about uh 7.7 is i mean it boggles the mind they truly believe we’re idiots

20:49

they do i agree they truly believe we’re idiots and uh and you know i understand that look if you own your own home right

20:56

and you own your own car okay your inflation rate is lower than somebody who’s renting

21:03

and leasing okay um but that’s very few people

21:08

and then look all the people on fixed incomes they’re getting absolutely crushed right now

21:14

you know because medicare costs go up i think we had the largest medicare increase year over year last year

21:20

don’t hold me to that because i’m not at that age yet that’s what i heard

21:26

that’s i laugh at this because we’re just the victims of our own stupidity i wanted to

21:32

go back to something you just said though you said that the international exports are going to

21:39

go to next to nothing so are you talking about the baltic dry index measure where that measures trade around the world are

21:46

you saying that’s what’s going to really dip tremendously well baltic dry index i think it measures the cost of the stuff

21:51

that’s being delivered but shipping rates continue to rise because the

21:57

of the tonnage available is less than the the shipping that is

22:02

being reduced okay so we still have a deficit uh we own this company called zim personally

22:10

okay it’s an israeli shipping company they just paid it’s a stock that trades for a look at it right now so it was

22:16

trading at 90 bucks and they just paid a 17 17 quarterly dividend dave

22:25

okay and so it drops 17 right that’s what normally happens when you do a dividend it’s only down 10 now so people

22:32

are already bidding this thing back up to get a hold of the next dividend because people are desperate that’s the

22:37

shipping industry they’re they’re making so much money right now they’re not investing in new shipping because you’re

22:43

an idiot if you want to increase capacity right sure you want to milk this thing until the end and so the

22:48

shipping companies have been just doing incredible business and and because they’re they’re pulling

22:54

tonnage off at the same time china and the united states are restricting access to their

23:01

their ports china through their pandemic whatever they want to whatever they’re doing over

23:06

there and united states because the green new deal crap in california and the west coast they’re blocking uh

23:12

trucks that don’t meet the emission standards from being able to lift those loads off

23:18

and get them out into the countryside so but they may have their comeuppance

23:24

because um asia has shipped it measurably shifted their routing

23:30

now to the ports in florida texas and south carolina and probably new york

23:36

you know so but mostly the southern states they’re going to get massive

23:41

massive amount of tonnage coming directly to the east coast and so these these shipping out here in

23:48

the pacific all they’re doing is they’re routing they’re routing them straight through the panama canal now or they’re

23:53

even coming all the way across to the suez canal dave so people are already reacting to

23:58

the pacific the pacific coast trying to restrict for the truckers and they’re going they’re going directly to the east

24:04

coast now i just read it yesterday and florida you know desantis is like bring it on we’ll do whatever we need to do to

24:12

expand capacity to meet the need so once again desantis is leading a governor doing

24:18

something sleeping yeah what’s is it because well the west coast governors when you look

24:24

at brown ennis and newsom they’re a joke i mean leadership is

24:30

absolutely lacking with these people is this why there’s shifts going on because they’re not getting local cooperation

24:37

yeah so look you have to understand about the west coast it’s it’s the we’re already rich

24:43

and we have ours you know it’s a it’s a super nimby here so these people they don’t want any

24:49

people around anymore they have their homes right they they want the pristine environment right

24:54

and so they don’t want to be bothered with with dirty industries they don’t want to be bothered with dirty energy

25:01

production they don’t want to be bothered with dirty trucks moving stuff across the country so they just they

25:07

just make it impossible for those businesses to survive because that’s not how these people make their money okay

25:14

they make their money in all the clean industries and so um but it causes great consternation for

25:20

the rest of the united states and so so yeah so that’s how they are look you know oregon would like to turn

25:25

themselves into a national park right you know you’re right yeah so you know look as long as you

25:32

notice newsome you don’t they don’t screw with the vineyards right so uh but they screw it you know if you want to make steel here or you want to press

25:39

steel stainless steel you know they just they just jump you through hoops right

25:44

to do that kind of stuff but you know uh but no problem hey you have vineyard workers that they can all

25:50

work for twenty dollars an hour right make nothing and while i’m sit there selling my 400 a

25:55

bottle of wine to each other i hear you so that’s that’s their mentality out here in california and the west

26:02

coast so they don’t care until their businesses start to dry up so

26:07

it doesn’t matter if you can’t get something as long as they can get theirs yesterday we were

26:12

i was down in dallas for a conference and we were on our way back to the airport my wife and i drove by

26:17

a tesla plant yeah and i said to her there’s the manifestation of the failure of newsome

26:24

yeah it just it was absolutely incredible to look at that and the relocation of tesla

26:30

to texas and uh you know are they going to continue because

26:36

here’s what they’re doing they’re eroding their industrial base they’re eroding their tax base by doing

26:42

this as well and they’re killing jobs um are they deliberately trying to run

26:47

people out of the west coast oh well i don’t know look if if if you’re if you’re leftist right

26:54

and you can chase her out more right right-wing people to texas it just makes your politics easier to maintain right

27:03

so um and if you bring in a lot more poor people that need you that helps you maintain your so yeah from a strategy

27:09

standpoint they’re doing exactly what they hey if population goes down a couple percent hey we don’t care you

27:15

know um you got to understand california here you know it’s all about the

27:22

it’s it’s all about the lifestyle now okay so but i will tell you though they’re

27:27

bailing out a san francisco like the plague yes so i know that because they’re all

27:33

coming into my neighborhood i just remind them that remember the reason why you want to come here is because you’re running away from the things that you

27:39

voted for up there don’t bring it here you know you know this is the biggest complaint i

27:44

spent time with one of my broadcast partners doug thornton when i was in dallas he’s in the fort worth area and

27:50

he told me says our biggest problem are the people coming from california they’re fleeing nonsense but they’re

27:55

bringing more nonsense with them yeah yeah and that’s what happens these

28:00

you know they ruined colorado they ruined washington they ruined oregon and now these people are going to let in

28:06

they’re going to probably ruin arizona they are they already are ruining arizona yeah there’s no question they’re ruining

28:12

arizona in fact we see it it’s endemic in our leadership now too the pollution has reached all the way to the top it’s

28:18

from the county clerks to the county supervisors to the governor they’re all

28:24

they we may as well call ourselves a a west coast state because that’s what we’ve become um i you know what you’re

28:30

reminding me of when you’re talking about this is an older concept that’s several years old but you’re saying we’ve got ours we

28:37

don’t care what you want take your business get the hell out of here and take your conservatives with you

28:42

this reminds me of the cal exit movement in which california was actually planning to become its own country under

28:49

the direction of eric holder he was leading the movement and uh california state government the

28:55

democrats were behind this they even opened an embassy in moscow i kid you not i actually covered this took

29:01

pictures of it and and when we look at this it’s almost like they would prefer to

29:06

break away from the united states i mean do you feel that way too yeah but i don’t think that you know and

29:12

i think that’s the fantasy just like texas leaving it’s not it’s not going to happen

29:17

you know you know the west coast is strategic to the united states they’re not going to let

29:22

them become their own country and allow china or russia or anybody else to to get their their mitts into this

29:28

hemisphere that’s a good point they’ll they’ll they’ll secede from the union and then and then they’ll be

29:34

invaded right because all all look at all the west coast uh military bases are out here in

29:39

california and washington and no way they’re going to seed that

29:44

but what i will say is i think that three canadian provinces in the middle will probably become part of the united states before i die

29:52

you know it’s interesting you’d say that um i had a canadian tell me that at the conference i was at

29:58

he said exactly the same thing in his business oil yeah and i think i think canada has the

30:05

provinces have a little bit different among them the united states we made it pretty clear you can’t leave right we’ll

30:11

we’ll go we’ll go to war with you um so but i think the um i think the

30:16

canadian problem is because look i think wasn’t quebec that tried to secede a couple times and they they uh but does

30:22

those three profit those three you know we’re talking about alberta saskatchewan and manitoba

30:28

uh if those three leave then canada is really no more right they might as well all become americans

30:34

because they um uh that’s that’s where everything’s produced in those three

30:40

on those three and you know other than vancouver the rest of british columbia and yukon would probably sustain well

30:48

no i don’t disagree with you but uh trudeau’s allowed his west coast to become dominated by china

30:56

so um you know i i guess where there’s a vacuum china might move in i want to ask you

31:01

two about something we talked about before we came on air and it’s yemen and i’m going to explain

31:06

my understanding and let you correct me but i can’t believe people don’t look at the facts and arrive at the same

31:12

conclusion i have you’ve got russia that has to be considered an enemy now to the united

31:17

states absolutely an enemy all right they’re negotiating a deal with the biggest terrorist nation on earth iran

31:24

to bring us oil that we refuse to produce for ourselves and we’re more than capable and now

31:30

even though that’s slowed down we have iranian mercenaries they’re using the hootsies to attack saudi arabian

31:37

interests in oil that’s going to flatten oil production and thus increase prices to the united states on on existing

31:44

imports or exports can i’m confused i feel like

31:50

i mean can you explain this to us you know it’s funny you mentioned that to me before the show and and normally

31:56

i’m a good doc connector and i i haven’t even got that far my creativity but yeah it seems like

32:02

they’re they’re doing it in one hand and they’re going to take it away on the other hand and here’s the other weird thing you know the saudis basically told

32:09

biden to pound sand when they asked them to increase production yeah and then this week they’re sending over um

32:15

patriot missiles to saudi arabia [Laughter] so i have no idea

32:22

i just have no idea of what what’s going on with this stuff it’s just it’s it’s not 3d chess i think

32:29

it’s it’s checkers being played by drunk people yeah it’s 3d special ed

32:36

i mean that’s how i see this i mean i i i can go through this with um

32:43

i mean i played a clip of kamala harris this morning talking about high-speed internet

32:48

and she kept repeating the same phrase four times the significance of this in our

32:54

time this and i’m thinking but she didn’t say anything it’s kind of like russia is a big country ukraine’s a

33:00

small country and a big country shouldn’t attack a small country this is the illogic we’re getting from this

33:06

administration and this question i’ve asked with yemen uh the hootsie mercenaries

33:13

um it fits into this and we’re in we’re sending saudi arabian missiles are you

33:18

kidding me well you know what it is it’s it’s she’s she’s absolutely a product of our educational system

33:24

but you know seriously though she’s talking that way because that’s how she views her audience

33:30

literally you know um you know trump kind of did it too you know that stupid baby talk

33:36

you know and uh but you know trump gets away with it because he’s funny you know um

33:42

she doesn’t get away with it because she’s not funny and uh you know because you know trump will go china you know

33:48

everybody starts laughing you know he’s mocking him where she’ll you know she’ll try to create the same kind of analogy

33:53

and it just goes off it goes flat you know you know and i know she invited

33:58

ukraine into it she into nato i guess i guess you know we didn’t know that but she she knew that and you know but yeah

34:09

that would be scary that’s why biden’s not gonna get that’s why biden is not gonna get uh

34:14

um impeach because he he did job security that was the first thing he did he protected his flank you’re right

34:21

that’s like the head coach that hires an incompetent assistant so you don’t dare fire him during the season yeah

34:27

yeah i mean i’ve seen actually seen that happen a coach from the denver nuggets doug moe

34:34

was really a good coach a good guy he hired the head of a sporting goods store

34:40

to be his assistant and we all laughed about it and that’s exactly what he i mean that’s terrible you think about

34:45

okay we should impeach biden over the border that’s criminal negligence what’s going on and it’s facilitating other

34:52

crimes no question he’s vulnerable to impeachment there but who are you going to put in

34:58

someone who just talks in word salads yeah i would um i would actually still do it just uh so

35:05

the american people could see the uh the level of competence that the democratic party can possess

35:12

um but at what price well i think we’re already paying the price look we’re not running the country

35:18

anyway anymore it’s obviously uh they’re getting their they’re getting their talking points from someone so

35:25

no they are i hear you it’s uh yeah i i did a podcast on this last night where i i said uh effectively

35:33

um we have not just a leadership crisis in america we have a world leadership crisis and

35:39

it’s all coming from pretty much the same place yeah yeah look you know you know my whole view on this is that

35:46

um this goes back to the uh to the french revolution where the aristocracy of europe

35:53

uh was pissed that they lost america and uh and ever since they’ve been

35:59

looking for ways to to loop us in you know they they uh england tried to separate the

36:05

country to create a civil war you know the french came in on the side of the north

36:10

you know and then you have the spanish american war right then they had a false flag with the maine then you had world

36:16

war one you have federal reserve being created lusitania another false flag getting us

36:22

into world war one then you have you know uh world war ii right so we weren’t going to engage in

36:29

world war ii and and then roosevelt was desperate because he’s a globalist to get us into world war ii so they false

36:35

flag pearl harbor you know we saw those planes coming we put a guy who’d never

36:41

operated a radar system in charge of the day the attack was supposed to

36:46

happen yeah i know i know that okay so i mean you know you know you look at these things you know and you do you don’t

36:52

want to believe it but and then look and then korea’s a different animal uh vietnam we had the uh pueblo i mean i

37:00

mean iraq we had weapons of mass destruction we have 911 to get you know

37:06

i mean just goes on and on and on and on these are these are very conspiratorial

37:11

events that that because the american people i think they’re ill gives to isolate

37:17

and the europeans keep having to drag us into these wars because you know what people don’t realize we subsidize europe

37:25

so we subsidize europe’s defense we subsidize europe’s pharmaceutical industry do you know united states we

37:32

pay so much more for pharmaceuticals because we have more of a free market for that where europe says they don’t

37:38

count any of your r d spending as costs they only say hey cost you two cents to make that pill you can only pay you can

37:44

only sell it for three right it doesn’t matter you spend six billion dollars in r d on it right

37:50

that’s america’s problem so that’s why all these countries dump their pharmaceuticals onto the us but

37:57

when it goes to europe and canada that’s why he says oh they’re they’re doing something right no we’re

38:02

subsidizing it it should be america should get best pricing so we subsidize that the way they construct their their

38:09

social uh taxation we do it through fica through payroll they do it through other

38:14

taxation through that so our stuff comes over it gets vatted right their stuff comes over it doesn’t

38:21

get vatted so their stuff’s cheaper it’s just i can go on and on and on europe is a is a continent with no resources

38:29

and it’s still acting as a colonist right as not as a colonizer and they have they just they develop

38:35

this beautiful trap for america and we continue to be their mercenaries and we continue to subsidize them with

38:42

our resources and we’re doing it again we’re sending troops over there again we’re sending our our cheap energy over

38:48

to them again and and they continue to lecture us on their superiority

38:54

you know and and so i go back to the old royalty it doesn’t it doesn’t change

38:59

we’re still we’re still a colony of europe

39:04

wow you know but we hold the power so how do you get

39:09

yourself reduced to being a colony well because the our our kings are the vassals

39:15

okay look we had a king that came up right his name was trump right look what they did to him

39:23

he didn’t know he no longer wanted to be a colonist right and they did i mean the moment the

39:28

moment he decided to to to be uh engaged he was attacked and many got

39:34

elected they immediately developed uh the system which to remove him from power that’s

39:40

true i agree they did yeah i think eventually i think europe’s a big trouble i don’t think europe’s going to

39:46

survive this intact okay you know i mean they they um

39:51

look europe can’t survive without the united states and and i think the american people are changing this new

39:57

generation is different okay i call it the bitcoin stock line right when you get to be like 35 or 40

40:04

these kids are buying cryptos they’re not buying stocks i see because i’m in the business right so we see what

40:10

they’re interested in they hate the government they hate it they don’t see any value to the government whatsoever they see the

40:15

government and i know this because i have one at home okay they see the government as is protecting the boomers

40:22

at their expense so the next civil war is going to be an age civil war these kids are going to

40:28

dismantle these institutions they’re desperate that’s why they’re so desperate to get into these schools

40:34

and and to preach the stuff they’re preaching but it falls on deaf ears these kids are indifferent to this stuff

40:40

because they have their own outlet now they talk to each other on social media okay it’s really fascinating so i mean

40:47

my daughter comes home and she’ll just say hey dad what do you think of this i heard this today do they think we’re stupid you know and

40:54

and i just laugh you know and i wouldn’t call my daughter a rock rib conservative republican okay she

41:00

but she definitely leads what i call left libertarian and that should scare the bejesus out of the elites because

41:06

these kids don’t want to be controlled and they want to be left alone and that’s my hope for the country

41:14

i think there’s a lot of merit in that position you know here’s what we look at here i

41:19

mean you know good leadership is the is being a good servant model

41:24

we have everything but that biden i’ll just give you one example of what i’m talking about it was just

41:31

announced yesterday that we were spending 316 million dollars a year on

41:37

illegal alien healthcare while we have millions of americans that are underinsured

41:43

they don’t care about us if they cared about us they’d produce domestic oil they care about their little agenda they

41:48

don’t care if you can afford to drive to work put enough food on your table they don’t care about anything to do with america and that’s this administration

41:56

and i think this is what your daughter’s seeing and the thing is is i’m a lot older than your daughter and i agree

42:01

with her yeah yeah i know i think i i see the change coming um

42:07

and you know and we’re gonna have to look i call it peak centralization you know it’s gonna start with the trades

42:13

right and then it’s gonna go into the country and you’re going to see things getting back to closer the producer

42:18

consumers are going to get a lot closer together than they used to be you know i was talking one of my wife’s clients

42:25

he owns a um a um a stainless steel fabrication company

42:32

and i asked him i said you getting any shortage he said he got not nothing on the big stuff i get all that stuff in

42:37

you know the stale steel stainless steel and stuff like that he said so i said what’s what’s in short

42:42

supply he goes the nickel stuff basically the small the little small cheap components

42:49

he said that stuff has to come from china mexico i said why don’t we produce it here

42:54

you go you think we could i said would you pay more for it he goes yeah it’s like three percent of my of my

42:59

manufacturing if they would produce it here i’d pay a little more for it so why don’t they he said because they get what

43:05

the people that own those companies can get away with a lot more than just cheaper labor okay

43:11

so there’s people being bought off and this and other things so they it’s easier for them to produce this stuff

43:16

outside the country mexico china et cetera and and so um but at some point

43:24

when you can’t get the stuff in at all which i think is gonna happen dave in the next two or three years

43:29

uh you’re gonna see a lot of this stuff on board back into the united states yeah i’ve been waiting for that bob and

43:36

that you’re making such a good point here but i see this administration again

43:41

being antithetical to that concept yeah i think they’re gonna be forced into it because you will literally not

43:47

be able to get parts and i think china’s gonna do something i think like russia overplayed their hand

43:53

here with ukraine the russians got goaded into that war and they fell for it um

43:58

uh china’s gonna get they’re gonna get goaded into making a mistake too they’re gonna you know they’ve already like

44:04

restricted like hey we’re gonna restrict uh the exports of

44:10

of uh rare earths but now you know they’re gonna do something like restricted like pharmaceuticals and then all of a sudden

44:17

the united states people you know we’re a country of hypochondriacs people will just go absolutely nuts

44:23

you know they’re going to do something stupid along those lines and they’re going to force the biden administration’s hand to say okay you we

44:31

have to on board these critical supplies to the united states and i think that’s i think it’s

44:37

going to take an event with these guys they’re very reactionary it’s so funny they call republicans reactionary these

44:43

people will not react act on anything that’s not in their core narrow agenda

44:50

unless they’re being forced into it exactly and i think they’re going to get forced into that yeah like just with the

44:56

domestic production of oil all we hear these little cereal box sayings oh we’ve moved beyond that point

45:01

we’ve moved beyond that point yeah you’ve moved beyond the point where you’re impoverishing america but um

45:08

the other thing that i really find interesting here is the political revolution and i wanted to bring this

45:13

back to the financial market but let’s start with the politics yeah i can’t remember i think

45:19

it was south carolina you had a republican incumbent and i’ve been calling for this dump most of the republican incumbents

45:26

particularly when you know they’re a rhino this just happened in the polling in south carolina they’re saying this

45:31

one guy is an upstart is going to defeat to the incumbent and he’s got a 20-point lead

45:37

and the democrats are taking a beating and and then i’ll point to this case in in houston 10 judges up for re-election

45:45

in a democratic primary in a democratic primary democrats voting on democrats and all 10 got rejected

45:52

yeah look i think i think i think there’s a definitely a red wave coming that i think it’s going to overwhelm people did

45:59

you see the the shift in the polling data in hispanics it’s a 19 swing from democratic republican so i mean look the

46:06

rio grande valley is electing republicans for the first time ever now it might be a hispanic version

46:12

of republicanism but they’re not democrats okay well they’re appreciating free enterprise because is it one of the

46:19

fastest growing entrepreneurial groups in america basically hispanic-based

46:24

yeah yeah look that’s their last hope and i think that’s why they’ve been doubling down on critical race theory and

46:32

not arresting uh people in the urban areas they’re trying to they’re trying to keep as much of the black vote as

46:37

they can muster because they’ve lost the white woman and they’re losing the hispanic man i don’t know if

46:43

they’re spending women’s coming but i know the hispanic man and i know the white woman is left okay yeah well they

46:49

killed the the well i call it the soccer mom group but we’re talking about the same yeah the the suv woman at the

46:56

school board meeting yeah and look we’re not being misogynistic we’re breaking it down by filter here like the democrats do yeah

47:03

so exactly so that look at that he was crass yeah

47:08

yeah i know he offended the women but now they’re realizing gee the good old days but you know it was like it’s the

47:15

mama bear concept this see this is what garland you know this is biden too but garland the attorney general didn’t

47:21

realize he when he declared people to be domestic terrorists who go to school board meetings and fight for their kids

47:28

he right there just said to all the moms in america screw you we don’t care what you think

47:33

yeah yeah he went after mama bear and you know the tiger mom and and you know um you don’t you don’t screw with with

47:39

mother with children i mean i mean you know that’s that’s the law of nature and they

47:45

did it three ways at all at the same time and so uh i don’t think people forget you know

47:50

i saw t-shirts said i’ll take mean tweets i’ll take i’ll take me tweets any day

47:55

now sir no i i no you’re exactly right so let’s take this and let’s uh i’m gonna the

48:03

time we have left i want to translate this into some economic action that you’re looking at with trade genius

48:09

and saying okay how are you going to take advantage of these trends and monetize them and outrun inflation

48:17

yeah so we we don’t have to change course right now so we’re we’re in the fast lane and

48:23

it’s going to run like this now for next couple months so you know um and i’ll give people the trades you know you buy lac you buy

48:31

heckler which is a silver miner you buy you you you you buy the uranium company

48:37

um you know you uh fertilizer has really run its course right now

48:42

so you probably have to back up on that uh oils probably run its course there’s gonna be money to be made but not like

48:48

it was before so um you know you look at that those trades and then um

48:55

uh you know on the gold side you know you like company ego

49:00

clr and and um you know shipping companies like dividend zim those things those things

49:07

all do you well you you know we’re having our last hurrah here the big bear market rally here coming off this uh fed

49:15

announcement he’s gonna raise rates in may 50 50 basis points they’ll kill the stock market on the third rate increase

49:22

okay so but you want to be in these things because those things are going to outrun

49:27

inflation and they’re going to outrun the federal reserve they can’t keep up

49:33

until they cause a market crash and so so that’s where you want to be over the next three to four months

49:39

and then there’s some things you want to short but you could do through etfs but you’ll have to join my service and i’ll give you more detail because it’s too

49:46

hard to explain in one minute well tell me what ets is so like yeah those are exchange trading oh okay okay i

49:52

misunderstood you yeah it’s the best way to short the market okay that well that’s i think

49:58

that’s really good but i i i’m wondering let me ask you about a practicality here

50:03

um would you advise people right now to minimize their cash exposure in the bank

50:08

and get it down to management uh with your with your bills but not have it be a place where you

50:15

house your money you know i think in the understated you’re you’re okay for now um

50:22

so they can’t pull what they did in canada and mass like in the united states it has to be like

50:28

individualized so but you know here’s the problem you have i mean look people are in the horns of a

50:34

dilemma right now because you know if you keep too much cash in the bank you’re you’re losing money to

50:39

inflation right you have to you know but you don’t want to be in the markets either so and you

50:45

can’t put it in the bond markets now because number one you’re not getting any return but number two the bond markets are selling off too we’re

50:51

getting the worst of both worlds coming dave the bomb market’s gonna sell off and the stock market’s gonna sell off so

50:56

you’re gonna be forced into cash so uh you’re gonna have to hold your nose

51:01

okay and you’re gonna have to keep it in the bank and and uh you know unless you want to

51:07

take cash out and put it in your mattress but you know that’s a whole other set of risks right but there’s no other asset you can

51:13

convert it into uh you know if you really like bitcoin you know you need to put some in bitcoin right you need to

51:19

put something physical but but uh you know if you get a farm right that produces you might want to

51:26

put it into that but for me if you said bob you couldn’t put it in the bank where would you put it i would put it in the highest

51:32

dividend paying stocks there are okay um if you know if i can’t if you said i

51:37

couldn’t keep it in the bank i have to have it invested somewhere it would be in in the stocks that have high

51:44

dividend yields so oil probably oil producers uh you know anything that’s producing a

51:50

commodity right now and even food like kroger and things like that anything that produces a

51:55

dividend to help you up the company grows through inflation but the dividend grows with you too so

52:01

that’s what i would do at what point does a gallon of gas cost too much to where the economy implodes

52:09

well you know there’s a rule of thumb it’s if once you’re four percent once energy expense is four percent or

52:15

greater gdp you could cause a recession i haven’t done the math yet so i don’t know where

52:20

exactly that is but um i will tell you though if you get gas to seven dollars a gallon in

52:27

california people aren’t going to work interesting and so then your labor shortage really becomes acute

52:34

yeah so i mean service some service jobs can work from home but anything customer facing

52:39

you know and and those are the cheapest jobs you know um i

52:44

restaurants will go out of business you know manufacturers will have to jam prices

52:50

because they have to pay for fuel fuel surcharges to their employees to come to work

52:55

but yeah so i just was talking to somebody the other day you know you have a big f-450 you know

53:01

truck and you’re a contractor what’s costing you 170 a week to fill your

53:06

you know to fill your truck okay yeah if not more you know so

53:12

and that that’s that’s that was like that was an oil a gasoline that was just getting the six dollars 580. if it gets

53:19

to seven dollars you’re talking filling your tank for 250 a week to a thousand

53:24

dollars the average american the average american only makes seven thousand dollars a month okay that’s the median

53:30

income for a family of four and 14 of it’s going just to the gas tank that’s crazy yeah it’s crazy bob

53:37

and the time we have left though because you’re you’re kind of leading people out of the wilderness here into investments

53:43

that make some sense and i wanted to give credit to that you’ve got um a special going on here

53:48

that we looked at we looked at some of the attaboys early in the show um so you’ve got a deal going on here where

53:55

people can join what you do and tell tell them how they can do that here we’ve got about

54:00

45 seconds yeah tradeleggedgenius.com we have seven specials running 65 off

54:06

our lowest prices of the year so there’s some anomalies in our our pricing that we’re going to change

54:12

upward in april back to normal so if you want to get the deal of the century you better grab it before the end of the

54:18

month and actually for you it’s going to be the 26th of march exactly and if you

54:23

want to buy anything in the store individually 35 off uh use promo code spring

54:28

and you get it but actually we have killer deals right now and you know uh

54:34

we help making people money nearly every day in the markets right now it’s really well you are very clear right now

54:40

where the money’s going and we’re riding a truck right through it so you get 35 off the non-bundled

54:46

items with the coupon code spring and that’s only good till this saturday night at midnight ladies and

54:53

gentlemen i’d encourage you to do it because if you’re looking for a way to outrun inflation well we just gave you

54:58

the way right here and we’ll have more information we post this interview to our website as well too bob thanks for

55:04

joining us very very informative today with a lot going on no thanks for having me dave and have a great one you too

From <https://www.youtube.com/watch?v=JPWozLUfc78>