Ask Dr. Drew - The WEF Wants You To “Own Nothing” And Be Happy: How To Fight A New Financial World Order with Carol Roth – Ask Dr. Drew – Episode 218

Episode Date: May 21, 2023

Global elites and the World Economic Forum appear to be rallying under an alarming slogan: by 2030 “you will own nothing, and be happy.” Why are world governments and corporations trying to reduce... ownership? “It’s the perfect economic environment for the rich and powerful to solidify their positions and prevent anyone else from getting ahead,” says a description of Carol Roth’s new book “You Will Own Nothing: Your War with a New Financial World Order and How to Fight Back.” Carol Roth is NYT bestselling author and a recovering investment banker. She has billions of dollars’ worth of transaction experience and has worked as an advisor to C-level executives. Find out more at https://carolroth.com/ and https://twitter.com/caroljsroth Order her book at Amazon.com In “You Will Own Nothing”¸ Roth reveals how the agendas of Wall Street, world governments, international organizations, socialist activists, and multinational corporations like Blackrock all work together to reduce the power of the dollar and prevent millions of Americans from taking control of their wealth. She shows why owning fewer assets makes you poorer and less free. This book is essential guide to protecting your hard-earned wealth for the coming generations. 「 SPONSORED BY 」 • PALEOVALLEY - "Paleovalley has a wide variety of extraordinary products that are both healthful and delicious,” says Dr. Drew. "I am a huge fan of this brand and know you'll love it too!” Get 15% off your first order at https://drdrew.com/paleovalley • THE WELLNESS COMPANY - Counteract harmful spike proteins with TWC's Signature Series Spike Support Formula containing nattokinase and selenium. Learn more about TWC's supplements at https://twc.health/drew • BIRCH GOLD - Don’t let your savings lose value. You can own physical gold and silver in a tax-sheltered retirement account, and Birch Gold will help you do it. Claim your free, no obligation info kit from Birch Gold at https://birchgold.com/drew • GENUCEL - Using a proprietary base formulated by a pharmacist, Genucel has created skincare that can dramatically improve the appearance of facial redness and under-eye puffiness. Genucel uses clinical levels of botanical extracts in their cruelty-free, natural, made-in-the-USA line of products. Get an extra discount with promo code DREW at https://genucel.com/drew 「 MEDICAL NOTE 」 The CDC states that COVID-19 vaccines are safe, effective, and reduce your risk of severe illness. You should always consult your personal physician before making any decisions about your health.  「 ABOUT the SHOW 」 Ask Dr. Drew is produced by Kaleb Nation (https://kalebnation.com) and Susan Pinsky (https://twitter.com/firstladyoflove). This show is for entertainment and/or informational purposes only, and is not a substitute for medical advice, diagnosis, or treatment. 「 ABOUT DR. DREW 」 For over 30 years, Dr. Drew has answered questions and offered guidance to millions through popular shows like Celebrity Rehab (VH1), Dr. Drew On Call (HLN), Teen Mom OG (MTV), and the iconic radio show Loveline. Now, Dr. Drew is opening his phone lines to the world by streaming LIVE from his home studio. Watch all of Dr. Drew's latest shows at https://drdrew.tv Learn more about your ad choices. Visit megaphone.fm/adchoices

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Starting point is 00:00:00 Very interesting show planned for you. We are going to be speaking to Carol Roth. She's a former investment banker, financial analyst, and she is talking about global elites in the World Economic Forum who appear to be interested in, well, making sure you have no belongings, essentially making sure you have no ownership of anything. We're going to talk about how California is ground zero for trying bad ideas. And you guys will appreciate this, how COVID appeared to have been a testing of many of these, I don't want to call them policies, but they took the opportunity to test some of the ideas,
Starting point is 00:00:37 let's call them, that they plan to roll out. And at the same time, the World Health Organization is centralizing its authority above elected officials. So there is a lot going on right now that you need to be aware of. If you think COVID was bad, we may be in for something worse if we're not careful. So let's get right to it. Our laws as it pertained to substances are draconian and bizarre. A psychopath started this. He was an alcoholic because of social media and pornography, PTSD, love addiction,
Starting point is 00:01:08 fentanyl and heroin, ridiculous. I'm a doctor for. Say, where the hell you think I learned that? I'm just saying, you go to treatment before you kill people. I am a clinician. I observe things about these chemicals. Let's just deal with what's real. We used to get these calls on Loveline all the time.
Starting point is 00:01:23 Educate adolescents and to prevent and to treat. If you have trouble, you can't stop and you want to help stop it, I can help. I got a lot to say. I got a lot more to say. You can spend thousands of dollars trying to look a few years younger, or you can skip all of that hassle and go with what works. GenuCell skincare. GenuCell is the secret to better skin.
Starting point is 00:01:52 In fact, you might have witnessed the astonishing effects of GenuCell during a recent unplanned moment on our show, when just a little GenuCell XV restored my skin within minutes, right before your eyes. That's how fast these products work. I know I'm a snob about the products I use on my face. Everybody knows it. Every time I go to the dermatologist's office, they're just rows and rows of different creams. And then when I get to the counter,
Starting point is 00:02:15 they're overpriced. All kinds of products that you can all find at GenuCell.com. Susan and I love GenuCell so much, we've created our own bundles so you can try our favorite anti-wrinkle treatments, correcting serums, and ultra-retinol creams. Just go to GenuCell.com slash Drew. Use the code Drew for an extra discount and free priority shipping. Again, that is GenuCell.com slash Drew. G-E-N-U-C-E-L.com slash D-R-E-W. And there we are. As I said, Carol Roth will be in here just a second.
Starting point is 00:02:48 And shoot, I had something to ask Susan before she ran out of here. Again, Carol is a New York Times bestselling author. I haven't run out of here. I'm right here. I know you're about to. I'm not running out. Now I'm going to sit here and have to remember what it was I wanted to ask you. It was something about GenuCell or Paleo Valley.
Starting point is 00:03:02 Oh, okay. We didn't hear you. Whatever you said, we didn't hear you. you said we didn't hear you um was that meant for me or was that meant for mike i'm not quite none of that is on mike we don't hear anything what there we go there you are okay uh so okay we're moving on uh as i said we're going to talk about global elites and the world economic Forum. There is her book, You Will Own Nothing. Everything is crossed out. She had another book. I want to put the other one up there where she talks about how COVID was a test run for many of these interesting ideas. And I don't know if you, many of our followers also follow John Campbell. I don't know if you noticed that now
Starting point is 00:03:41 he's back online at YouTube and he's opened with a review of the specific updates that the World Health Organization has put together in their recent policy changes, including disregard for civil liberties and rights and complete centralization in the secretary general or whatever they call the head of the World Health Organization, well above without consideration for elected officials in other countries. We should be mortified by this. We should be absolutely horrified by all of this. And the World Economic Forum, people who have benefited the most from the capitalist system don't want you to have any of its advantages.
Starting point is 00:04:24 Carol Roth, welcome to the program. Be with you, Dr. Drew. There you are. So you were an investment banker. Just so people get sort of where you're coming from, what is your training originally? So I actually came from a blue-collar family. My father was an electrician. Either of my parents went to college and somehow I managed to get myself into a school and was really interested in business and finance. And I asked around because I had no idea what any of these things meant. And since I had to pay my way through school, as so many people do, they said, well, if you go into investment banking, you can make some money and pay down your loans. And I went, oh, that's great. I have no idea what that is. But I found out the area that I focused on was helping smaller
Starting point is 00:05:11 companies raise money for expansion. So if you ever ate at a cheesecake factory or got Papa John's pizza, I helped finance that. So sorry for your waistline of that expanded, but bring that to your neighborhood. We helped do that. And also did things like mergers and acquisitions. So I had this Wall Street sort of deal-making background doing billions of dollars of transactions. But because my background was blue collar and very much rooted in the American dream, that's where I was passionate. And so I wanted to focus more on helping small businesses and the average person be able to seize the American dream because as I'm running around Wall Street there are all these terms that are very opaque and they make it very difficult for
Starting point is 00:05:56 people to get inside that club so I wanted to do whatever I could to kind of help spread that messaging and certainly things like books and media are ways to do that. And yet we hear from politicians all the time that the small business owner is the engine of the American economy and how they're supported. And yet there has been nothing but full scale attack. I don't understand how anybody starting out gets anywhere, given the tax structure, given the enormous lack of concern. You know, for me, I mentioned before that during COVID, the symbol of the extraordinary disregard for people's lives was the businesses around Disneyland. Because here at the same time in Florida, Disney World was wide open and the businesses were thriving around Disney World. Maybe there would have been some limitation
Starting point is 00:06:50 on number of people in the park or something, but the businesses were up and running. Around Disneyland, it was Beirut. It was Syria. And I thought of the thousands of jobs and the thousands of business owners and no regard from the government and people's lives were destroyed permanently by this. And that was that. No regard for it. And by the way, that image I have of the business around Disney World went on for a good 14, 16 months before they started to allow them to open back up again. It was just atrocious. And you say this is a test run.
Starting point is 00:07:28 Yeah. Well, one of the things, I mean, that was not based on data and science, right? That was based on political cloud and connections. You would have, if I wanted to get my hair done or my nails done, I couldn't do that. But if you wanted to get your dog's nails done and it's fur groomed, you could go to a big box retail store that was just down the block and that was open. So all of these decisions have been made in a very political connected manner. And just the idea that the government would come in and tell you that you were a non-essential worker, that what you were doing to put food on the table for your family, that you as the backbone of America
Starting point is 00:08:05 were non-essential. I mean, there's nothing more un-American than that. But like you said, this is kind of a test run as one of the things that had happened through the concept of you will own nothing. And obviously you will own nothing is a nod to the World Economic Forum. And when I first heard this, you'll know you'll own nothing and you'll be happy. Number one prediction from the World Economic Forum from their 2030 prediction seven years away. I kind of said, you know, this is probably something that the Internet got wrong. The Internet gets a lot of things wrong. There's no way. Right, yeah. There's no way.
Starting point is 00:08:46 There's no way. Somehow the press is sensationalizing this. Exactly, because the WEF is littered with the political and business elites and other very important people. Why would they be predicting the end of private property? So you do the research, which by the way, isn't really that difficult to do,
Starting point is 00:09:04 and you see the video and you see the number one prediction, you'll owe nothing and you'll be happy. And you'll see that the World Economic Forum, by the way, one of the things they like to do is repurpose and repackage ideas. So this is something they've been trying to sell in different formats since 2016. The idea originally was populated in an article. Then they did a video, can you rent everything in your life that you need? Your entire life is like a library where you go and you check stuff out ostensibly. So they went through and they repackaged these ideas. But what stood out to me as somebody who advocates for wealth creation for the average individual is that wealth does come from ownership. It comes from the ownership of assets, assets that at least hold their value or hopefully appreciate in value.
Starting point is 00:09:54 So you now have the people who are at the uppermost echelons predicting the end of private property. And you're going, how does this make sense? And then you stumble into something else, which sounds very conspiratorial, which is the concept of a new financial world order or new global order, new world order. And the reality is that that's not a conspiracy theory either. It's something that Joe Biden mentioned in remarks to the Business Roundtable, groups of all the CEOs from around the United States, in a March 2022 speech that he gave. And you can go Google this on the White House's website right now. And so the New World Order is something that happens throughout history. We've lived at the center of the global financial universe for about 80 years here in the US, and we've prospered from it. But before us, it was the British,
Starting point is 00:10:50 and before the British, it was the Dutch. So the people who are the smart people and the connected people, they understand this, and they are planning for this. And their plan is, well, if the financial global stakes are going to shift, we want to make sure that we're the ones that control the resources and come out on top. And that leaves you with nothing. And what more of a clever way to do that than to get your buy-in by saying, when you own nothing, you'll be happy and try to push it on you as, oh, this is a good thing for you. So I thought it was something more ideological like they decided capitalism was no good and equity is the only way to go and therefore capitalism has to be flattened
Starting point is 00:11:32 but it sounds like you're saying this is a way of acquiring assets and then turning everyone into vassals essentially turning everyone into uh renters or sort of temporary citizens in the land of the elite that own everything. So the worst part about this is that it's coming at you from sort of every facet that you can think about, and each one is taking a little bit of a different slant to it. So you have issues that are going on internal to the United States with the Federal Reserve and the government, and they're desperately trying to cling to power. And it's just harder because we're in the later stages of the cycle and they've run up debt and
Starting point is 00:12:15 they have less things to do. You have these non-government organizations and other bad actors like the WEF, which was founded, as you mentioned, on the idea of stakeholders instead of shareholders. But it's funny, that comes back to ownership, because if you are a shareholder, you own something, you own a portion of something, and you have the opportunity for that to appreciate in value, versus if you just say, okay, well, we'll do whatever the stakeholders want. That's an opportunity for them to control it. Then you have big tech, which again, you hit it right on the head, is like looking at your life and saying, well, let's just make your life a subscription service, and we can just rent everything back to you. I mean, we all have
Starting point is 00:12:58 cell phones, but at the end of the day, what do we really have? Because we license an operating system, we sign up for payment services, we sign up for emails. And if any of those big tech companies decide that we're on the side of wrong think, as has happened many times, particularly during COVID or on an international basis, with the sanctions against Russia, they can turn off access. So it's coming in from all these different directions, which is why it's really important for people to empower themselves with the knowledge and understand what it is that's being done so they can come up with the appropriate plans to fight back. Because otherwise it's like a video game, Dr. Drew. You'd be like just kind of going in each direction and just going, oh no, I don't know what I'm doing here, fighting off all these things. You've got to have that strategic Dr. Drew. You'd be like just, you know, kind of going in each direction and just going, oh no, I don't, you know, I don't know what I'm doing here. Fighting off all these things. You've got to have that strategic plan. And what do you advise?
Starting point is 00:13:54 Well, again, it kind of depends on which area that we're focusing on because we're going to talk about social credit. We're going to talk about ESG, which I consider business social credit. We're going to talk about central bank digital currencies. We're going to talk about ESG, which I consider business social credit. We're going to talk about central bank digital currencies. We the common thread between those is behavioral shifts and financial shifts. For financial shifts, obviously, if they're advocating that you own nothing, you want to do what they're doing, not what they're saying. And none of them are giving up ownership, by the way, right? We see that, that the hypocrisy of you own nothing, but I'm going to own things. So we want to make sure that
Starting point is 00:14:46 you have that ownership, but like in the, for something like a central bank digital currency, which really consolidates power with the fed and the government to control every single transaction, that means you're going to be looking to other form factors that you can control outside of a traditional financing system. With technology, it may be behavioral shifts or embracing the push for digital rights. So sort of each thing that we're talking about has a different slant, but it all comes down to the behaviors that you do individually, behaviors you do in a community and getting that community support, and then, of course, some financial shifts as well.
Starting point is 00:15:28 Back to the currency, is it time to run to metals? So for full disclosure, I do work with a precious metals company, and so I tend to be a gold bug and a silver bug. And I think that there are obviously different reasons you have money. It's a unit of account, it's a medium of exchange, and it's a store of value. What the Federal Reserve and the government has been doing is destroying the value of our dollar. And everybody sees this, right? You go to the grocery store and you can't believe what the grocery bill is. Just the basic cost of living is so high that it's very hard for you to have that extra money to invest and get that ownership and to really build wealth. So if you're trying to counteract that,
Starting point is 00:16:14 you need to think about a store of value. Something like gold has a 5,000-year social contract. Central banks around the world have been loading up on it. They had a record year last year, 1136 tons. So that could be part of your diversification. And just cover our behinds here. This is not financial advice, just things for you guys to look into and to be informed by. But that may be part of the way that you try to diversify your store of value. If you get to the medium of exchange, if you're trying to go out and barter with somebody and all of a sudden, there's a central bank digital currency where the government can turn it off because, hey, Dr. Drew, I know you like burgers, but you've eaten too many this month. And we don't think that
Starting point is 00:17:03 burgers are good for the environment. So we're just not going to let you buy that. Then you have to think about how do you navigate that, you know, that sort of exchange. And that's where community is going to become really important. And in some places where there has been destruction of value, there is barter in precious metals. Certainly you would want to have a small enough denomination because people are probably not making change the way that you're used to. But there may be other things that you can use from a barter standpoint as well. And it's a very different way from somebody like me who comes, as I said before, from sort of a Wall Street mentality to start thinking about these things. It sounds like, oh, you're being a crazy prepper, but it's not. It's having a realistic vision of
Starting point is 00:17:52 what's happened several times throughout history, the trajectory we're on, the unsustainable fiscal runaway train that we know that they're fighting over right now with the debt, the deficits and the debt ceiling. So these are all things that you really do need to look into. And anything that we say, you know, CBDCs, oh, that could never happen here. Well, they did a test program last year with 12 major financial companies and the New York Fed. The G7 countries have put out their principles for retail facing CBDCs. So when you see it in their own language, they're not talking about these things because it's not going to happen. They're talking about these things because they want them to happen. Obviously, we're going to do what we can to stop that. But it's important,
Starting point is 00:18:42 just like being a good Boy Scout, to have that preparation and have that plan B just in case. I think you've sealed my fate on gold because Susan's been talking a lot about it. And I just I just felt her. She sits behind a screen. I can't really see her. I thought, oh, I know. I know what's going on. Well, we have a sponsor. And when we started promoting it in like October, I guess, or august it it's gone up quite a bit in price i was kind of happy it's it's really it's a safety it's a safety phenomenon but um what is a cbcd so cbdc is a central bank digital currency and one of the things that they're doing it's it's basically a digital version of the dollar that the country or central bank creates. In our case, it would be a digital dollar. One of the things that they're
Starting point is 00:19:30 doing, which is very sneaky, is they're trying to conflate it with cryptocurrency. And the entire push for cryptocurrency comes from the fact that people want decentralization. They do not trust the central banks. They do not trust the governments who have ruined the values of currencies. And so it's a pushback. It's decentralized. Nobody theoretically is in charge of it. And so that's why they're interested in something like Bitcoin, for example. On the other hand, these countries are going, well, we can't give up control of money because how are we going to control the people? We have to control the money to have the power to control the people. So let's just confuse them. Let's create a digital currency. We'll pretend it's like cryptocurrency and we'll say that it's safe. But that main point,
Starting point is 00:20:16 the decentralization, the backbone of Bitcoin, it's the exact opposite. It's completely centralized within the central bank and or the government. And that's what gives it control. So imagine that you had a coin or a dollar that had a microchip in it and that they could track every single time it moved, every single thing that you do. Not only are there transparency issues, but as I said, it could be agency issues. And we've seen that. I mean, think about back in COVID, what happened in terms of shutting down people's businesses or in Canada with the Freedom Convoy, where they shut down the bank accounts.
Starting point is 00:20:55 This would give them the technical ability to shut down that purchasing power. And so, again, living through the last three years, if you told me five or 10 years ago about this, I'd say, you know, it probably doesn't happen. That seems, you know, seems a little bit crazy, but we've seen these things happen. We've seen what they've done and it can happen again. So this is why we need the pushback. The one thing I will say about CBDCs here in the United States is it needs congressional approval to move forward. So it's really, really important for us to stand up. And anytime they try to sneak it in somewhere, because they will try to sneak it in, that we say absolutely not. The thing I'm concerned about, though, is the way that they sell it to the public who doesn't have the financial literacy.
Starting point is 00:21:46 Like the stimulus they did during COVID, they said, we'll give you a $1,000 check or a $1,200 check and people were so excited, not realizing the inflation that was going to cost and that now they're going to be paying six or $7,000 extra a year for the rest of their life. They're going to do the same thing. They're going to say, Dr. Drew, wouldn't you like to have four digital dollars instead of one and everyone's going to go oh that's great not realizing that that's going to devalue all the money yeah they're they have they're very diabolical that way but what would you say to people who were to say oh let's think let's get a look we're getting carried away carol this is conspiratorial thinking
Starting point is 00:22:22 well i i would welcome everyone to, you know, as I went through the book, I did extensive research. There are more than 600 citations, and most of them are either through the mainstream media or the people who have actually said it. So you have to say, well, what part do you find conspiratorial? Do you find the prediction conspiratorial? Because I can point to you that it's out there. I can point to you that they say that it came from the World Economic Forum's Global Future Councils, and that was where the input is, and that there are a lot of really powerful people connected to that. The New World Order, I'll point you to the website where Joe
Starting point is 00:23:02 Biden is talking about that. The Central Bank Digital Currencies, I'm going to point you to the website where Joe Biden is talking about that. The Central Bank Digital Currency is having to point you to the press releases about that. Something like corporations coming in and competing with you for single family homes. I can show you a 60-minute piece where they interviewed the CEO of one of these companies, and he basically said he wants to rent you the American dream. So going and seeing the information from all of these sources and not just talking about it in the abstract, I think really gives heft to it and connects the dots in a way that hasn't been done because it does sound like, as I said, admittedly, every one of these things sounds far-fetched. It sounds like something that couldn't happen. But when you see it coming from these individuals and you see the outcomes,
Starting point is 00:23:53 it's very hard to dispute that reality. I want to get at least a call in here quickly before I have to take a break this is jero doc give him or her a chance to ring in you have to unmute that mic there you are oh hello hey there uh i i just want to say this is a fantastic topic and um i think, I guess I come at it as a perspective of a middle-aged guy who's just trying to plan his retirement. And it seems like it's way more treacherous out there than it used to be. And I'd say that I'm less worried maybe slightly about my stock portfolio going down in nominal value as it is disappearing in real value, kind of for the reasons that Carol was talking about. She was also holding in her back pocket another very serious concern she has about the wealth tax that is being proposed in California as a test case for rolling across the rest of the country.
Starting point is 00:25:03 Carol, do you want to talk to him about that? Yeah, absolutely. I think it's a really good point, and I'm really glad that you brought it up. And so I'm going to start in a different spot and then roll back to California. So one of the crazy things that I learned when I did research for You Will Own Nothing is that there is $84.4 trillion in wealth that is set to transfer voluntarily over the next 23 years. And the bulk of that wealth is not from— Are you talking about generational transfer?
Starting point is 00:25:33 Yeah, generational transfer. People who have passed on and are now going to transfer that via inheritance. So $84.4 trillion set to transfer, which is a staggering amount. And this is something that I think a lot of people don't really think about because this is a voluntary transfer. But from the government standpoint, that's a really nice chunk of money that would help them out with expanding government programs and making good on some of their promises. So this is something that is very much at risk. Now, as I said, it's not just the billionaires because the billionaires have a small fraction of that. That is spread out amongst the entire population. So the idea of a wealth tax is really to get people on board with giving up your property rights and saying, yes, it's okay to tax not just income, but whatever it is that I own. And once you give up that principle, because you think they're just going after the billionaires, I have something to tell you. It's
Starting point is 00:26:38 never the billionaires or the really, really wealthy are the ones who pay. They're the ones that have fancy loopholes and lawyers and accountants that can figure out a way to get around this. It's everybody else. For sure. I'm sorry. Is this the same thing as an unrealized gains tax? Is this being proposed in California? Oh. So it's very, very similar. There are two things. There's unrealized gains, and then there is the wealth transfer. So both of these are related to your wealth, one that passes down when somebody passes away, and it's more of like an estate tax, and one of them that's an unrealized capital gain. And from what I understand in California, which is the testing ground for every bad idea in the country, and then it happens there,
Starting point is 00:27:24 and then they try to bring it national, is that they're trying to come up with a wealth tax, again, saying it's, oh, it's just going to be for the very, very wealthy. And I've said many times before, these wealth taxes are an idea that is so horrible that almost every country in Europe that's tried it has abandoned it because everybody either leaves or they don't collect very much money or it has devastating impacts. But just think about it. I mean, imagine just the cascade waterfall effect. If people who own businesses and don't have a lot of cash, but they have value in their business, now all of a sudden are taxed in it. And then they have to sell that in order to pay the tax. That's taking away those ownership opportunities as well. So I think it is really important that you're focused on your retirement.
Starting point is 00:28:16 And I want to make sure that you do retirement planning and look into things like trusts, which we don't know if those would be grandfathered in, but in the past, it may be a way to grandfather it. And or you can also look to pass down wealth while you're still living. There's a certain amount each year, depending on the year that you can pass down to your heirs tax-free to get that out and keep it out of these estate taxes and wealth taxes that they're talking about. I'm guessing you have sort of a living will already, no? No, this is all stuff, you know, the really practical legal stuff I'm not so up on, but I definitely need to do that. I think, I guess I wanted to just sort of gut check my general philosophy, again, not wanting financial advice.
Starting point is 00:29:05 But I'm hearing, you know, really my I've been shifting more and more over the past few years about trying to emphasize hard assets and things like, you know, gold, silver, you know, precious metals, Bitcoin. I know that may be controversial, but just things like just as many different kinds of things that would be impractical to be taken away from me easily. That's interesting. Well, and I think this is sort of based on kind of a philosophy more about where the U.S. is in sort of the debt cycle. And for sure, I see a CBDC as a real possibility. And I really enjoyed that description. I think that CBDCs are absolutely there. They're like a bizarre world version of Bitcoin. They're everything that Bitcoin isn't.
Starting point is 00:29:55 The only thing that they have is that it's it's it's a way of doing digital payments. Digital, yeah. Which we're doing anyway. So it's really kind of silly why they'd introduce it. But but it's got everything that bitcoin isn't so in other words whereas bitcoin is decentralized this is centralized whereas bitcoin is permissionless this is completely permission and honestly i just this is one other thing i want to say and i'll just stop talking but i think that cbdc's have if they if this truly happens and the new world order, we get rid of the current financial system in favor of a CBDC system. I just don't see it as lasting a particularly long time before everything just goes to hell in a handbasket.
Starting point is 00:30:34 Because at that point, it's a system where at least the last bit of restraint on the system we have now is that debt is a liability um a liability of the commercial banks i know that there are a lot of them are disappearing and they're getting centralized but but um but debt is a liability of commercial banks cbdc's these these would become a liability of the federal reserve of the the central bank there'd be no restraint whatsoever they could just push button inflate as much as they want which they and, and you know where that ends. Yeah. So I just, I just don't see it as it's just going to end in ruin. And that's, again, it just underlines my philosophy about trying to accumulate hard assets as much as I can. Yeah. Thank you for that question. And, and, uh, and he mentioned, he mentioned the debt real quick. I'm going to let you do it, but I'm just gonna say he mentioned the debt cycle. And I know a lot of people read
Starting point is 00:31:23 Ray Dahlia's book and sort of get very focused on these debt cycle sort of historical trends. But if you read his book, he's somewhat optimistic about the United States, which is kind of counterintuitive based on – have you read his stuff? And he's really kind of like, oh, we're going to do fine. I'm like, really? It's after all that? But go ahead. You can answer that and underline the CBDC thing. I just want to say from what Jiro Doc said, the hard assets is really key and having diversification,
Starting point is 00:31:52 things like productive land would also be included along with some of the other categories. So I do want to emphasize that and having that diversification in your portfolio, because we don't know exactly how this is going to unfold and we don't know the duration of when. We can see the trajectory, but we can't predict the timing. So you want to make sure that if it takes a little bit longer than maybe you thought it would, that you still participate in some of the upside creation that happens, let's say, in stocks while you're sort of diversifying to hard assets. In terms of Ray Dalio, so I actually quote Ray several times in the book. He's done a great job of talking about some of these historical cycles and helped me to learn through that from him and other sources. But I do have sort of a differing
Starting point is 00:32:36 thought. He also thinks that China is going to become this competing financial superpower. And while certainly I think they are rooting for this new financial world order and trying to position themselves in that way, I think at the end of the day, it's really hard for people to say, yes, I want to accept the currency of a communist country. And so I think that one of the things that they've been doing, funny enough, is they've been offering credible settlement in physical gold as a way to say, well, if you transact in our currency, we'll have some gold backing to it, which sounds like something that happened back in the day in the US.
Starting point is 00:33:15 But I do agree with Jero, Doc, that one of the things that happens, at least historically, with these new financial world orders, there's a lot of chaos. I mean, between the British and the US cycle, it took 15 years to sort it out. And I think that that's one of the things people need to be prepared for. There's going to be some light at the end of the tunnel. Eventually, it may look very different, but there is going to be, if and when this happens, that period of chaos that we go through as they try to figure out, you know, is it CBDC or maybe it's CBDC in the U.S. And there's a basket of currencies elsewhere. You know, that's one of those other unknowns where we have some hypotheses of what it might look like.
Starting point is 00:33:58 But we don't have that perfect crystal ball. And we also know that decisions that are made along the way can change and transform everything i i have to take a break here but one of the sort of really difficult um aspects of looking at financial markets and these kinds of these kinds of big economic trends you really don't this we may be in some of the chaotic part of it right now. You don't really know until you're out of it. You can't, it's not until you're looking back that you can understand what you were in.
Starting point is 00:34:31 Because you can't see where it's going forward. It might be getting a lot worse. It might be resolving in some way, right? I mean, that's one of the sort of, what should we say, the challenges of being in your field. But I have to take a break. I need to take a break. And when we get back, I'll let you answer that.
Starting point is 00:34:50 And I want to talk a little more about these big cycles. You mentioned the Dutch and the British being the financial centers of the world. I know their histories pretty well. And usually, there are some major events that brought that all to a close either the spain invades you know holland or the british overreach or you know and there's a series of wars over you know 100 years essentially um so i'm wondering what you imagine let's say there's not that kind of a challenge or let's say there is or would they what would a what would you predict the challenge might be and b how would it go if there was not so that and the uh yeah so hold your thoughts write it down and i'll be right back after this a lot of you have been asking for
Starting point is 00:35:37 more information about how to counter the adverse effects of the spike protein from covid infections and the covid vaccine the spike protein is not your friend, let's just say that. So I'm glad we have the wellness company Spike Support Formula as a sponsor, especially since renowned internist and cardiologist Dr. Peter McCullough, who's also chief scientific officer of the wellness company, is one of its champions. There's some very intriguing research around natokinase, which might be a way to take on the spike protein. Listen to this. So start, if you would, with talking about natokinase, how you got to that and where you see its application. So with the viral infection or the vaccines, the spike protein stays within
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Starting point is 00:39:09 You can have a safe full of pretty coins. Carol, Carol turns to completely. I'll put it next to my shoe collection. Let's get Carol Roth back. Yes. If you want to be able to, are we going to be trading in shoes carol who's gonna say purchases and all different kinds of purchases i'm gonna be in big trouble here i know it's concerning i'm a little disaster worried you know and now i have we have the gold as a sponsor and we have beef sticks that you can take with you so you can eat. So she's become a survivalist and a gold advocate at the same time.
Starting point is 00:39:47 So be careful around her. She gets going pretty wildly. Yeah, I used to make this joke. She's got very great concerns about it. Go ahead. I was going to say, I used to make this joke during the financial crisis that it was the prepper's portfolio, that it was gold, guns, and Campbell's soup. So you could add beef jerky in there as well.
Starting point is 00:40:07 Oh, no. These paleo bone broth and paleo sticks are amazing. She's really worried about it. She's very concerned about China. She's studied them for too long. And we've had Michael Sanger in here and others that got her quite exorcised. But let's go back to what I was saying. To that issue, issue i mean maybe that is how we kind of come to a close here uh war and you know those sorts of um major events seem to be the things that wrap up uh the financial centers of the
Starting point is 00:40:38 world and shifted elsewhere what do you think what's going to happen with us what's your prediction i love chatting with you because you're so insightful. So one of my takeaways from this is that not every war enables a new financial world order, but every modern new financial world order we've seen has been enabled by war. So I do think in terms of the desperation point that creates the people coming together and saying, hey, we're going to work something out. It's kind of hard to see that we're going to come to the table and say, oh, yeah, we're willing to give up our poll position without having a backdrop of that, even if it's more of a false flag or a cover that they feel like they need to sell it to the U.S. public. So I
Starting point is 00:41:26 certainly think that is a reality. I think the challenge, and you studying history may really appreciate this, is that there isn't an alternative. When you had these other cycles happening, from Dutch to British, the British had already become very important financially. And the same thing with the U S with the British, you know, we were already a modern financial center when this all went down. What's the alternative. It's not like there's a bastion of free markets and, you know, great ideas and prosperity that's waiting in the wings to kind of step into the role. Like we are that role. We have to preserve this for as long as possible because not only are the people in the U.S. counting on this, but frankly, a lot of places around the world are counting on this because it's not like
Starting point is 00:42:17 we're going to have somebody else step in that's in a great position. Everybody else is tyrannical and dictatorial and potentially even worse. You know, I like to say that we're the skinniest kid at fat camp, unfortunately. We're not doing so great, but on a relative basis, you know, it certainly looks better than the alternative. And so that's really the concerning point to me as I look to the rhymes of history is, you know, who is that waiting in the wings? You know, if it is China or it is kind of this brick nation basket of currencies, like that doesn't bode well, not just for the U.S., but for the entire globe. And so hopefully that gives people, you know, even more fuel to try to fight this and try to postpone it. It is salvageable, by the way.
Starting point is 00:43:06 We can pull this back, but it's challenging. And you would know better than anyone else based on human nature, particularly with governments as they get big and they get powerful and they have all this debt. The things that they would be required to do would take them outside the normal scope of what human beings do when they're looking to you know control things yeah i don't i don't think the average person understands that the the dynamism the creativity the ability to gain access to markets and capital and build companies and make ideas into reality we're the we're where that happens We're where that happens. That's where that happens. Unfortunately, I think there's this counter narrative that, yeah, that's in that system, but the Chinese
Starting point is 00:43:52 have a good system and let's, you know, and they create businesses as well. And we should be looking more in that direction. I think that's what we're really fighting. Yeah. I mean, they should really look into China and certainly in You Own Nothing, I talk a little bit about some of these things. But look what happens when somebody becomes successful in China. If you look at Jack Ma,
Starting point is 00:44:16 that you may know as the entrepreneur behind Alibaba, he got very big and powerful and of course dared to speak out against the party a little bit. And then Jack Ma went away and we didn't see Jack for quite some time. And when he came back, he had some very nice things to say. He gave up control of some of his other businesses, Ant Group. So that's what happens when you get powerful in China.
Starting point is 00:44:41 And their emerging social credit system, which could be the template for what happens here, a state-run social credit system, they go after the businesses first, Dr. Drew. And that's because while capital, moving a little bit towards capitalism has enabled some prosperity, when people have that prosperity, they have more freedoms and then they don't follow what the party says. So they have to have a lid on that. And that's why as they've rolled out social credit throughout China, they focused on and it's more advanced within the business system than it is for individuals.
Starting point is 00:45:15 Although there are a lot of scary things that happen for individuals as well, including getting your face on a billboard as an untrustworthy person, just like out of an orwell movie and that's from npr well in yeah and we have um we've talked to a virologist and others who were involved in some of the research that may have led to the uh viral the the actual sars cov2 um and they talk about people being disappeared, that you will be disappeared if you speak up or speak out or step out of line in any way. And I don't think people really understand that the way systems like that work, they
Starting point is 00:45:59 see that as patriotic, as something really moral and patriotic. And people don't get where that goes. They just don't get it. No, they really don't. They don't understand that the communist system is against the idea of property rights, against the idea of prosperity, of innovation. I mean, there's a reason why China are the great replicators and not the great innovators because it takes a stake in it to be able to innovate something. If you don't have the stake,
Starting point is 00:46:34 well, then it's just easier to replicate something. And that's why they don't have the regard for intellectual property or all the issues that come out of there because it is baked into the system fundamentally. Your next book needs to be about the power of innovation or something because people don't really get that. You know what I mean? They don't understand the engine of innovation. Daniel, unmute yourself. We got you up here. Maybe. How are you doing, sir?
Starting point is 00:46:59 Well, thank you for coming on. Yeah. No, thank you very much. I was a big fan. I was telling Caleb that I purchased your book cracked and when i was 19 studying psychology at university of san diego and i was also telling him that i've been working with a group of retired navy seals and army rangers and veterans in suicide prevention since 2015. congratulations big deal Yeah. Because in 2015, my dad committed suicide on video. And I went through the classic symptomology of PTSD. So it's an honor to speak with you. But also, what are your thoughts with regards to the treatment potential of psychedelics?
Starting point is 00:47:41 Like MDMA, 5-MeO-DMT? There is no doubt that there is potential. There's no doubt. In fact, I'm a big fan of its use in end-of-life dread. The problem is, in other words, it is some good data that shows things like LSD and psilocybin can be used when people are mortified, they have a terminal condition, and they're just overcome.
Starting point is 00:48:02 Turns out that psychedelic, both psychedelic therapy and just psychedelic exposure can dramatically reduce end of life dread. So, and the problem with psychedelics are the long-term consequences. And when there's a fatal diagnosis, you do not need to worry about that. Now there's also great evidence, you know, the, shoot, the society, what's the, I'm blanking on the Society of
Starting point is 00:48:27 Psychedelic Studies, MAPS, the Multidisciplinary Association for Psychedelic Studies, is putting together lots of good research. They're in recalcitrant crisis. There's no doubt in my mind this is going to be very useful. To what extent it's going to be useful, I have seen, unfortunately, I've seen so many horrible consequences from hallucinogenics. Lots. And at what dose and what amounts and what particular chemical exposure, we don't know because no one's been able to do any research. So my bet is we'll understand that better in a few years and there will be significant
Starting point is 00:48:58 application in things like PTSD and mood disorders. If I could ask a specific question, so do you think that, would you support, for example, removing psychedelics from Schedule 1 to Schedule 2? Oh, 100%. Look, I am, the only thing about making drugs illegal
Starting point is 00:49:16 that I favor is that it helps me create consequences for patients that I'm trying to leverage into treatment. Otherwise, I don't, what the law says about them, I'm agnostic. It just, when it helps me, it's a tool and that's that. I don't want a bunch of cannabis addicts in jail. That's ridiculous.
Starting point is 00:49:32 And same thing with hallucinogenics. But people have got to be realistic about these things. And how, by the way, I have two psychiatrists that I have, I was going to do a television show about this. I still might yet do it. Two psychiatrists I got a hold of who were exceptionally good psychiatrists that I have, I was going to do a television show about this. I still might yet do it. Two psychiatrists I got ahold of who were, um, exceptionally good psychiatrists, both women, like really sharp psychiatrists. And they are to say they're enthusiastic about, um, psychedelics is an understatement that they feel like this, this is it. Uh, and to, to, uh, sort of, um,
Starting point is 00:50:03 get in the way of that train is a huge mistake. So I just worry about the future. That's all. I worry about the consequences. I worry about that with every medication, let's be fair. You know, medicines are dangerous and got to be careful. If I could follow up on that, part of, so when I was studying psychology, when I was in school, I served on the Institutional Review Board for six years.
Starting point is 00:50:21 And so the Nuremberg Code and the, anytime you're doing any form of human experimentation, the Minnesota starvation experiment always comes to mind about how you can study a very complicated, ethically complicated issue with adult volunteers.
Starting point is 00:50:38 I'm getting a lot of concerns from constituents about transgender surgeries in particular. And not so much the surgery itself, but more that the surgery is being offered as a potential solution for a psychological malady, or for an individual's struggle with their metaphysical conception of their identity or their soul, and the interplay between that and the physical body right um that um making it it seems that there are statements that are being made
Starting point is 00:51:11 about the health benefits that have not yet cleared experimental either have cleared trials for fda approval and should be subjected to the minimum ethical guidelines of the nuremberg code that's something that yes you can come i think that that because of the Nuremberg Code. Is that something that you can comment on? Yes, I think that because of the politics surrounding this, the medical part has become concerning to me. I even think of it in much more simple terms than you're putting it, which is our job is to come up with the right treatment for the right patient and to do no harm.
Starting point is 00:51:45 That's it. That's our job. And if we don't know yet, and by the way, let me also frame it as saying, I am clear. I know plenty of transgender patients where they got the right treatment, whether it was surgical or medical, but it is a surgical medical physician managed intervention long term. physician managed intervention long-term. And in that case, you got to have evidence-based what you're doing and you have to know how to select the correct patient
Starting point is 00:52:12 and you have to know the long-term arc and all the potential downstream consequences. I'm situations where clearly that was correct. I'm seeing situations where that maybe perhaps wasn't correct. So I'm just worried about how medicine is tied into this thing. And your point about the research being done adequately, that's what needs to be done in order for us to know what the evidence is for how to select the right patient for the right treatment,
Starting point is 00:52:42 the right age, for the right duration, all the things we do in medicine. And let's make no mistake, these are serious medications and serious surgeries that doctors are using. So that's my concern. We got to get it right. So that was our public service announcement. A little bit off of the topic, Carol. Sorry about the sidebar there for a minute um as we kind of roll to the the end here i i i am interested that you don't seem pessimistic i'm interested that you still um in spite of what seems to me now i'm i'm probably sinking into your conspiratorial thinking so to speak a little bit but it seems to me that this is um it has an existential quality to it right there's an existential element embedded in here how real is that and how much do people need to just go on and it's almost this almost reminds me of some medical issues that loom in the future how much is this really existential And how much is it just that we need
Starting point is 00:53:46 to A, do good financial management, as you would always advise, and B, be aware of these things and look for opportunity to fight hard to push them back? Yeah. So obviously, being an American, I'm definitely a fighter. Being somebody who advocates for small business and an entrepreneur, I'm always like, we've got to find the solution. We've got to move forward. And we're just not going to give up to the end. And this can be really overwhelming. But I think that the point of the book is to empower and to have that call to action. As an individual, you are not going to be able to stop the changes in historical financial cycles, right? You will not be able to stop the changing of the global financial order that happens on a
Starting point is 00:54:31 regular basis. We may be able to delay it. We may be able to delay it significantly, but at some point in time, history tells us that that is going to shift and going back to human nature, technology changes, human nature remains very constant. So we have that sort of expectation to go on. So I think that people need to control what they can individually and in their communities and make those right choices and have the preparation for them. And so this is meant to have a hopeful ending. In fact, my last chapter, Own Everything, I'll give you a little Easter egg, is chapter 11, because chapter 11 usually means bankruptcy and giving up what you own. And I wanted to flip that on its head. And I wanted you to look at chapter 11 as own
Starting point is 00:55:18 everything and to go out and do exactly what they're telling you not to do, to follow the things and follow those actions instead of those talking points. So I'm going to remain hopeful. I'm going to control the things that I can. I'm going to hopefully empower other people to make those choices, educate more people, get those people acting individually, but in communities who are prepared for the plan B and the plan C, so that when life shifts and changes, because we've seen that happen over the last couple of years, and it's going to again, and it's probably going to get worse before it gets better, that you've kind of come to terms with that, and that you can go into action. And if you have, you know, kind of like the different stages of grief, you might need to have that around what's happening and the
Starting point is 00:56:10 changes in America's financial position, and then get to the point where you're okay with it and you take action. So, you know, that is the message. And, you know, what I want from people is to do the best they can and to preserve the American dream for themselves and their family. Yeah. And it's very simple things, I guess, like, you know, don't don't rent houses from that big conglomerate that wants to own all the multifamily single family dwellings. Go go find a way to sell your and don't. Yeah. And don't sell your house. If you have the option, obviously, I want you to get the best price possible. If you have a buyer who maybe is paying a little bit less or a little bit more of a pain because they don't have all cash or they want to look in and make sure it's okay and not buy it sight unseen, understand what you're contributing to. Capitalism is about making choices and every
Starting point is 00:57:03 choice that you make has an outcome and a consequence. And we repeat that many, many times over and over again, and we can shift things here. And one of the questions that Susan asked going into this interview, you just answered. So Susan, we don't sell our house. That was her question. Should I sell my house? Just this house. You want to own houses. You want? Just this house. You want to own houses. You want to own productive land. You want to own, as Gerodoc was saying, from the Twitter space, you want to own those hard assets, the things that you can control.
Starting point is 00:57:36 And I understand it's not a perfect system if you own a house. Yes, you have to pay property taxes and there are other issues. But again, we're going to control what we can control. But hey, maybe you can get involved locally as well. And maybe you can change the tenor of some of those things that are happening with your local laws, because, again, hard to check to to affect global change, maybe hard to to affect change in Washington. But maybe in your community or your state, there are things that you can do to shift
Starting point is 00:58:05 policy and to shift outcomes. Carol, California, California. I know. Unfortunate. But I have to say, so we live in Pasadena and I've said that your local government is far more impactful than even your state government, certainly than the federal government. And we have great police, great water power. We have great public service. I mean, really good. The garbage, everything, everything works here in Pasadena that right next door does not work. In Los Angeles, it does not work at all. And so it makes a big difference being here, even though we are dealing with the encumbrance of california and uh and that is just sad to watch yeah i mean everyone's leaving everyone's i'm surprised you're still here carol's here some of the time but people are getting out
Starting point is 00:58:58 fast yeah my choices aren't my choice my choices aren't great i I'm either in Chicago with the Illinois regime or California. I'm a glutton for punishment, Dr. Drew. What can I tell you? But I still want everyone to know. I guess that's it. All right. Any parting thoughts for us before we buy the book? And last thoughts, and then I'm going to wrap up.
Starting point is 00:59:21 I'm going to let you go first. Don't let those global elite win they want to jockey to control the resources but you do not have to let them empower yourself empower your neighbors go and everything yeah thank carol hope we talk soon all right thank you so much for having me you've got it and uh that that reminds me now also the world health organization which is jockeying into position that is untenable and we have to fight against it in the most the fiercest way possible um i i almost you know some people talk about being single uh topic voters i'm almost looking
Starting point is 00:59:57 for somebody to dismantle what what that is suggesting because have we not learned from covid that they are willing to do anything with their power when they do it independent of scientific evidence, just because they want to do it. And we're going to centralize that in the world health organization. One person is going to have all that authority. That is insane. It's really important that we understand the basic principles that has made this country work so long and centralized authority and a dictatorial power that we grant to somebody under any circumstances should put horror in all of our hearts. It's just an unspeakable situation. I'm going to go again. Yeah. Drew, can you think of any time in history when the people have handed
Starting point is 01:00:40 over powers to the government and then the government has ever handed those powers back to the people oh no no no never but but i was thinking about all the wars that have been fought over uh people trying to take away assets say where their belongings and things that that's a common thing and so that's what i worry about land you know all kinds of things women fought over oh yeah whatever uh should i take a couple more quick calls? Yeah, sure. Okay. She was good. It was really nice to get off the COVID topic a little bit.
Starting point is 01:01:11 Yep. Very quickly, I want to see if these are just me. Carol's gone. You got to unmute yourself once I bring you up there. This is JP. Unmute yourself, JP. Oh, hi, Doc. It's too bad Carol left because I had a question for her. Oh, well. Oh, hi, Doc. It's too bad Carol left
Starting point is 01:01:26 because I had a question for her. Yeah, oh well. Nice talking to you, nevertheless. I can bring her back. Yeah, good seeing you again. You as well. All right, everything cool with you? Oh, you want to bring her back?
Starting point is 01:01:40 Okay, she wants to come back. There she is. You want to answer this question? I love that. It's like a new segment. Yes, Encores are the best. Okay, JP, we've got her back. Hey, Carol, big fan of yours.
Starting point is 01:01:53 We've bumped into each other on Twitter every once in a while. I'm curious about something, and that is your very first book, which I'm a huge fan of, which talks about the way small and medium businesses were shuttered during C-19. The War on Small Business. I'm curious. There it is. Pardon me? The War on Small Business, it's called.
Starting point is 01:02:14 Yes, right. And in her book, she mentioned this astounding statistic that there's over 30 million small and medium businesses in America. And when I heard that number, I was just aghast, you know, and I myself had friends who are entrepreneurs. I happen to be in L.A. too, Dr. Drew. Well, I know you're in Pasadena, but, you know, it's basically L.A. We're all there, yeah. We've got a few perks here that you don't get, but that's it.
Starting point is 01:02:41 Very true. And I'm a native. I don't know about you, Doc. Native. Oh, great. Good to meet you. We're the last two left. Very true. And I'm a native. I don't know about you, Doc. Native. I was born. Oh, great. Good to meet you. We're the last two.
Starting point is 01:02:48 Me too. Okay. That makes three of us. What I'm curious about now is, Carol, after three years, do we have any data now on how many of those businesses were actually to recover? And how many of the jobs that they created, how many have recovered? Because nobody talks about this. Yeah, I bet it's hard to figure out because some of them morphed and probably,
Starting point is 01:03:16 people are resourceful, maybe they morphed into something else. And people, we do know there's lots of jobs out there. People found other jobs, but I'm gonna put you back in the audience. I'm gonna let her answer that. Yeah. So, um, it is staggering, you know, half of the economy is in the hands of more than 30 million businesses.
Starting point is 01:03:32 I think it's 32 point something million at this point in time, and they have done a very good job of making this statistic almost impossible to figure out. What we do know is that as, as of June of 2020, there were 400,000 businesses that were killed by COVID mandate. I say killed because they would have existed probably without the mandate. So they were killed by mandate. And the extrapolation is that it's probably in the seven figures that ended up being killed. But there are a couple of things that complicate this story. One of them is that because people were staying home and because they were getting stimulus money and because people were trying to figure out side hustles and things to do,
Starting point is 01:04:17 that even more people than the ones that shuttered ended up starting new businesses. Now, again, these are not mostly the businesses that employ other people. They're solopreneurs, which is the case for most of the small businesses in America. But there were a ton of those that were created. So based on all the ones that shuttered, even more than that amount, they made up that difference. And on top of that, there were new ones created. The Biden administration sort of refuses to talk about what's going on. And they refer to this weird thing about there's record applications for new businesses. There's no such thing as an application for a new business. You just go and you start one. And sometimes people formalize that in an LLC or
Starting point is 01:05:07 an S-corp, or sometimes they don't. Do they mean business licenses maybe? I literally have no idea. I've tried to respond to every time they say this nonsense. And so I do think they're trying to cover that up and not let people know. But what I do know is that per the National Federation of Independent Businesses, that the optimism for small business is down. They're having a hard time trying to find people to hire. That inflation has been a long tail impact on them. Supply chain, all of these things
Starting point is 01:05:39 that were created during COVID, it wasn't just the shutdown. It wasn't just the mandates, but all of the long tail issues that came out of that also have impacted the small businesses. So I think it's going to take a few more years to really sort through who was able to hang on with everything stacked against them from the mandate to Fed policy to all of the issues that the Fed and the government created through that. Excellent encore, Carol. Thanks for having me back. I'll get my guitar ready in the back just in case. There shall not be a second encore.
Starting point is 01:06:17 Not with the guitar. Just FYI, Susan muted you. you oh there you are okay she muted me i don't know what you're talking about um so i'm gonna wrap it up i appreciate you carol for being with us i appreciate all of you asking the questions i've been watching the restream and the rumble rants uh and we have do we figured out our guests for tomorrow yet i believe believe Kelly's coming on in here. We have, oh, Thomas Rents coming in tomorrow and Jordan Schachtel on May 18th and Robert F. Kendi on May 22nd.
Starting point is 01:06:53 So Carol, thank you again. And thank you all. We'll see you tomorrow at three o'clock Pacific time. Ask Dr. Drew is produced by Caleb Nation and Susan Pinsky. As a reminder, the discussions here are not a substitute for medical care, diagnosis,
Starting point is 01:07:06 or treatment. This show is intended for educational and informational purposes only. I am a licensed physician, but I am not a replacement for your personal doctor, and I am not practicing medicine here. Always remember that our understanding of medicine and science is constantly evolving. Though my opinion is based on the information that is available to me today, some of the contents of this show could be outdated in the future. Be sure to check with trusted resources in case any of the information has been updated since this was published. If you or someone you know is in immediate danger, don't call me,
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