Bill Meyer Show Podcast - Sponsored by Clouser Drilling www.ClouserDrilling.com - 05-22-25_THURSDAY_6AM

Episode Date: May 22, 2025

05-22-25_THURSDAY_6AM

The Bill Meyer Show podcast is sponsored by Clauser Drilling. They've been leading the way in southern Oregon well drilling for over 50 years. Find out more about them at clauserdrilling.com. Here's Bill Meyer. Delighted to have you here on Conspiracy Theory Thursday. You heard a good one, have a good one. Join in. 770-563-3770 KMED.

My email bill at billmeyershow.com. I still have my little bottle of NyQuil. It's DayQuil right now, which I have to tell you works pretty well. It's not nearly as good as NyQuil though. NyQuil is the stuff that, I mean, frankly, I'm surprised that NyQuil is not handed out at the homelessness camps. You know, if you can't afford to go buy booze, you buy Nyquil. But Nyquil is expensive, too. Nyquil, bum's drink it.

I don't know. It does make you sleep, right? Yeah, I've been recovering from that creeping crud. It's like now I'm just kind of dealing with the congestion side of it, and not nearly as bad as some other folks have been getting it around here. Wow. Just been people have been hawk.

I mean, my boss was out for like a week, George, last week. He was out at home for an entire week. And I was just working hard to make it only, you know, two, three days. And maybe I just had a cold rather than the creeping crud that other people have. But yeah, bad enough for sure. But yeah, number one story, of course, national story this morning. House Republicans this morning, it was about two, three hours ago, they ended up passing the big, beautiful bill.

And it's going to head over to the Senate now, Politico reporting this morning. House Speaker Mike Johnson delivered remarks there and they passed it and it was a squeaker 215 to 214. Of course Thomas Massey, the conscience, the one congressman who can actually add and subtract I think or at least can add and subtract without putting the politics into the calculator. He voted no and I think there was a Ohio congressman who ended up voting no on this. But the 215 to 214 vote, major victory for Speaker Mike Johnson, largely kept the conference together, whipped it together, around the clock negotiation, and he kept his promise

of passing the measure before Memorial Day. And the bill includes a fresh round of tax cuts sought by President Trump, as well as hundreds of billions in new funding for the military and border security. Yay, team! Bill's path to passage smoothed by a 42-page amendment here that the House Rules Committee approved after spending more than 21 hours on this. And the package of changes loaded with hand-tailored provisions to woo some of the Republican holdouts. Now, some of those holdouts were about the Medicaid cuts. Now, these are Medicaid, not Medicare cuts.

And this is cuts that we would be seeing in the state of Oregon through the Oregon health plan. And from what I understand, it has to do with speeding up the timetable for requiring able-bodied people to be looking for work and working. Because essentially you have a lot of people that have been freeloading on healthcare. They're able-bodied and able to work and either choosing or not able to, and they're not disabled and getting free subsidized health care. That kind of thing. And they were originally, if I recall correctly what I was reading about this, they were going

to be putting in the work requirements like 2027, 2028, it was like many years off in the future. So we're going to keep paying people to be freeloaders on healthcare, right, who are perfectly capable of going to work and doing something to help support themselves. And then some Republicans are saying, no, we want to speed this up. So I think it's next year, next year, 2027, that they're going to start imposing that. But they're trying to... That was the controversy. And of course, Democrats will be talking about how people are going to have their... Well, you know what happens any time you go out to a government protest. Not to make fun of people with Medicaid, but the point is on Oregon Health Plan, there are going to be requirements that if you are

able-bodied that you be looking for work. Now if you're disabled, no, that's not going to be the case. But if you're able-bodied, you have to do something. You just can't be hopping in the cart and having everybody else tow you around, I guess, is what they're hoping. And that was controversial to the Democrats, but that ended up peeling away a few more Republicans who were against the big beautiful bill. Of course, I hate that name. But you know, that's what I shouldn't say hate that name. But you know, it's like it's the Trump administration's Jedi mind trick, right? This is what, well, you know, of course, it's still the

slimy stinky swamp sausage that is made every time they do these kind of a bill we're going to call it uh... the big beautiful bill and everyone's uh... going to be happy about this now as far as what didn't get put into it mike johnson of course they they ran this through i guess they they just had to pass it like i said one vote so i was two fifteen to two fourteen i don't think that uh... no taxes are no tax on Social Security benefits ended up making it through.

I don't know yet. It's going to take a little bit of time to see what happens. But besides, this is going to the Senate. And what the Senate does with this over the next few weeks, because supposedly they want this on President Trump's desk by July 4th or they want something done by July 4th. You know, they're looking for some sort of a deadline here. Who knows what it will look like? So you have the stinky swamp slimy sausage budget bill and then the Senate's now going to take the

slimy SSSSAC. See, I like that rather than Big Beautiful Bill because Big Beautiful Bill makes people go to sleep and think that there's real reform going on. Okay? That's all I'm saying. Because we'll see. I could be absolutely wrong in that this is actually going to truly rein in spending and is going to do great things. And I hope it does. I really do. I hope it does. But it just looks like there had to be too many bills or too many deals rather had to be

cut to make this happen. So we'll just have to see about this, all right? And all right, what else? This is where, this is what I think we'll find out what's really, if it's a big, beautiful bill or if it is just another pile of stinky swamp sausage, which is where I think that's more likely where it is, but we're going to be convinced that it's a big beautiful bill. We'll see. And you know what's really going to be the decider? The bond markets. You know, I've talked about the bond markets before the government debt when people try to, when the government tries to sell our debt to people and whether they're willing to buy it or not. And the bond vigilantes have been on a tear recently.

I'm reading in the Wall Street Journal this morning, weak auction of government debt jolts markets. Trouble has been stirring in the bond markets for weeks. On Wednesday, that's yesterday by the way, the anxiety spread to the stock market. A weak auction for 20-year bonds exacerbates worries about rising deficits in Washington and drove sharp declines for stocks and bonds, sending the Dow Jones Industrial down 800 and the 30-year Treasury bond yield to its highest level since 2023.

Many investors growing increasingly concerned about the Treasury issuance that could follow President Trump's multi-trillion dollar fiscal package. On Friday, Moody's rating stripped U.S. debt of its triple-A rating, citing the government's towering pile of debt and kicking off a stretch of selling in treasuries. So people have been selling off their treasury bonds and yeah, they've been falling. That will be the deciding factor. That will be the real, I guess what would you call it, verdict on whether it is a big beautiful bill or yet another stinky sausage pile of swamp sausage, stinky, you know, stinky pile of swamp sausage. If the bond markets calm down, then we'll know that they're looking at this as, well,

you know, this could be, this could be better. This is better and maybe they'll finally get a handle on the deficit, on the debt, and make some real cuts. I don't know. That's really what matters. It's not even what you and I think about it that matters. It's really what the bond markets think about it that matters because it's all about being able to roll over the debt.

China's already been selling off our debt. And of course, they've been backing away from it. And people hear, well, I'm glad that China's selling the debt. China's already been selling off our debt. And of course, they've been backing away from it. And people are like, well, I'm glad that China's selling our debt. Someone told me that the other day. It's like, wait a minute. The problem is that nobody else wants to buy it. Trillions and trillions and trillions and dollars in debt. I don't want to get off into the weeds on this thing, but it's always the bond market that matters. The stock market makes a big deal, don't get me wrong, but the stock market is tiny when it is contrasted with the bond market, the treasury bond market.

I'll talk with Kerry Lutz about this and other things. He's with the Financial Survival Network. We're also going to talk about that big beautiful jet that's been given. Some people are saying that this is not a good thing for Trump to have accepted it. Kerry Lutz has a different take on this and he'll say why it was important that we did accept that. It's something I hadn't considered. So we'll talk with him in a few minutes. It is Conspiracy Theory Thursday, 7705633.

I'll grab a quick call here before... Hi, good morning. Who's this? Welcome. Hey, good morning, big beautiful Bill. How you doing? Who's this? This is Hey, good morning, big beautiful Bill. How you doing? Who's this? This is Michael. Hi, Michael.

So yeah, the big beautiful bill that they just passed, section 43201. It literally blocked the state's ability to create regulations on the AI, Stargate AI. On artificial intelligence, huh? Nobody will be able to stop it because basically it attacks the 10th Amendment, destroys it because of AI for, I guess it's emergency or something. I don't know. Why do you... It's totally against the Constitution to do that.

Well you have to understand that, you know, it's like you have to lay down for AI. And AI is progress and you can't be against progress, right? Well, you'll probably be an anti-Semite next week if you do. Well, yeah, yeah. Although to be fair, we did see some real anti-Semitism yesterday. Did you hear about the shooting over it? Yeah. Yeah. That was pretty bad.

But at the Jewish Museum in D.C., two staff members of the Israeli embassy murdered. That's real anti-Semitism. Criticizing Israel's policy is not anti-Semitism. So we wanted to make sure and delineate the difference between the two. Yeah, they kind of dilute everything when they go, you know, everything's labeled as that. So it's just ridiculous. Yeah, it's like when everything is anti-Semitism, nothing is, and when everything's racism, it starts losing its impact after a while. Exactly, that's right.

Yeah. Well, what was this section of the bill here, of the big, beautiful bill, which could be the stinky swamp sausage, depending on how you want to market it? What do you think? Well, I was hoping maybe they took it out with the amendment but it doesn't sound like they took anything out they added stuff but it's 43201. 43201 okay I'm gonna try when I get off the air I'm gonna have to try to look that up and see what what you're dealing with okay? Alright sounds good. Alright hey appreciate the call thanks for that see

they see that's a kickoff to Conspiracy Theory Thursday. And this is the Bill Maier Show. You know, we need a palate cleanser. You know, yeah, we'll do some dad jokes too. But, you know, on Stinky Swamp Sausage Day, let's have some songs. We need some real songs here and Congressman MacGyver, you know the one that's in trouble. Now, Nancy Mace, Congressman Nancy Mace is putting out an issue. She would like to throw her out, throw MacGyver out. MacGyver is accused, of course, of attacking, assaulting the ICE agents. Remember breaking into the ICE Center a few days ago? Remember that story? All that controversy? Well, MacGyver was on CNN and she broke out in song. It was a beautiful thing. No, not that one. Not that song. This one. This song.

You are now facing a federal charge though. Are you afraid of what's going gonna transpire now? You fight on, you fight on, you fight on, you fight on. When your government is doing you wrong, you fight on, oh you fight on. You know it's not every day that somebody answers in song, but I have to tell you she at least sounded better than this group, but you know this group really had soul too. We will overcome, we will overcome, we will overcome someday. Deep in our hearts, I do believe we shall overcome today. Thank you, Ms. T. Oh man, that was beautiful.

I love it when Democrats sing, don't you? 25 minutes after 6. Hi, this is Bill Meyer and I'm with Charisse from No Wires Now, your Dish Premier local retailer. It's time to switch to Dish. If you have direct TV or cable TV, call me today to see how I can save you money. Plus, I'll lower your internet and cell phone bills. And those offers in the mail from Dish, you can go through No Wires Now for those. Call me at 541-680-5875. Call Cherise like I did or visit their showroom

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Hi, I'm Matt Stone with Stone Heating and Air and I'm on KMED. 28 minutes after 6, join in at 7705633. Kerry Lutz is gonna join me I'm gonna talk about the big beautiful airplane given to to the Trump administration Some people really hot and bothered about that and Carrie says no there was a reason it was accepted and it's a more Nuanced deal than one thing so we'll talk with Carrie about that Maybe I'll get a chance to bend his ear about the big beautiful bill now it's hundreds and hundreds of pages so might take us a little bit of time to get through that. Also this morning Steve Malloy is going to talk with me more about the big beautiful bill and what we're going to

try to find out is if that seven hundred to nine hundred billion dollars of bullstein green new scam projects and subsidies managed to stay in it. Yeah, we'll find out about that. And I also am looking forward to talking with Glenn Archambault. Glenn Archambault, this time representing the Pipeline Safety Trust, and you know he's also our elected farm service agency's rep here in southern Oregon. We've talked a lot with him in the past about what's going on with agriculture, in food, in the farmers, things like that. Today it's going to be about conversations going on in the capital that he was involved in, involving the infrastructure and the safety and kind of the breakdown. It's almost like the breakdown in, well,

the culture of competency. And yeah, it's more than just what's going on in the Newark airports and the various other things in the air traffic control towers. And there seems to be a growing awareness in Washington DC that competency has just collapsed. And it's serious. And there are people in the agencies that are coming to grips with just how bad it has gotten over in the swamp and what might be going on. Some interesting conversations and Glenn was just sharing a little bit of that with me. And there are serious people

that are doing serious proposals about getting some reform. Now, I don't know, I can't say for sure. There's a lot of things that get me thinking that we've had a lot of institutional knowledge over the years. There have been a lot of people, especially in COVID time, older workers that were put under pressure to take the jab and get out, people that knew their stuff. They were the old hands, of course, the hated boomers, those sort of things. Come on, you boomers, get out of the way so that Generation Z or the Millennials can move on.

I've heard those kind of things and you read those kind of stories. And yet, you're seeing how some of that knowledge didn't get really transferred over. You kicked out a bunch of older people and then you had a bunch of people that out a bunch of older people and then they had a bunch of people that didn't really get that knowledge where there hasn't been as much importance placed on the maintenance of things. You know, it kind of reminds me of... Well, there's another thing. I was having a conversation with someone who disagrees with my take on the baseball field here in southern Oregon. You know, the talk that they're hoping that the city of Medford will put the 85-90 million dollar baseball field together for the

Eugene Emeralds and bring the Eugene Emeralds here. You know, they want to do this and I understand that. You know, people will like that. But I am of the opinion that with the crisis of competency in the federal government, with the debt crisis that we are now seeing in the bond markets, in the backing away of the debt, that we're going to have to be sharpening our minds here over the next few years, especially the next few years and prioritizing. And it's going to have to be what's really, really important.

And I wrote back to this person and I said, you know, as nice as it would be to have, you know, the $90 million ball field, I'm really thinking that we're entering a time that building a ball field to the billionaire Major League Baseball standards in order to get that farm team over here may not be the top priority. We're going to have to be trying to rebuild our grid that they're trying to throw everything on that's overloaded. Rebuilding water systems that are antiquated. Look at the challenges in Grants Pass and Medford, how much money we're going to have to spend. In other words, we're going to

have to be spending money on stuff more that really matters, more than stuff that we would like. And I'm not happy about that, but we got used to a lot of federal borrowed money kind of filling in for a lot of incompetency or are filling in for the fact that we weren't generating our own economic activity here in southern oregon we're gonna have to you know we're gonna have to fix the stuff that really matters i don't know our ball teams you know our is getting a ball team something that really matters?

Now some would say, well, that's more economic activity. Well, that economic activity, all you're doing is churning money within your entertainment budget here in Southern Oregon. It's not really necessarily constructing something. It's nice. I'm not disagreeing with it, but I think we're just going to have to be concentrating on more that's important, that's really important.

We have people that are leaving the public school system because of its collapse in competency. We have issues with water systems, sewage systems, all these other things. PFAS is in these deals. I mean, that's the kind of stuff we're going to have to be concentrating on. I don't know if deciding on which sports team gets a subsidy to come here is top of mind. It's just my opinion. We'll see. We're going to have to concentrate our minds and focus on what's important. 634, you're on KMED, 99.3 KBXG. 30 years ago, American Industrial Door specialized in industrial doors for warehouses, shops, barns, airport hangers and the like.

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to customize and make it your own. Come in to Father and Son Jewelry for a demonstration. From the KMED News Center, here's what's going on. Besides winners and losers, there was another takeaway from Tuesday's election results. A vast majority of residents in Jackson and Josephine counties really didn't care, and they didn't bother sending in a ballot. Turnout was an anemic 19% in Jackson County and 17.4 percent in Josephine County. Now, those numbers will change some as Oregon allows votes to be counted long after Election Day.

Republicans in the Oregon House and Senate are proposing major cuts to the Oregon Department of Transportation. They'd cut $146 million from climate initiatives, cap the Clean Fuels Program, cut $38 million from passenger rail and create a new office to manage large projects they say the cuts would allow ODOT to maintain services without raising taxes of course that plan would need bipartisan support from Democrats to move forward which it likely won't Oregon stores won't have to accept a bottle and can returns after 8 p.m. under a bill passed by the legislature. It now goes

to the governor, Bill London, KMED. Steven Westfall Roofing Inc. specializing in new roofing construction and re-roofing. Their mission is to make sure each and every client can sleep at night, knowing they have a roof over their head that lasts and will keep them protected. Call 941-3736. CCB number 250730. Young music talent is everywhere, but opportunity isn't. That's where the Use Your Gift Foundation CCB number 250730. step on brings them closer to their dream. You can help make that dream come true. Go to useyourgift.org and find out how you can be part of music's future. That's useyourgift.org. This is News Talk 1063 KMED and you're waking up with the Bill Meyers show.

Kerry Lutz of the Financial Survival Network, FinancialSurvivalNetwork.com. You can also find out more about him, karylutz.com. I did get that right. You got it. Okay, I got it right. You got it. Kerry, I wanted to bring you on here because you wrote a piece which I think is quite interesting when President Trump ended up accepting that big beautiful 747 from Qatar the other day.

I know people are calling it Qatar but I still call it Qatar just the way it is. But I'm looking at it and I'm thinking the optics were just completely wrong about this and it's just kind of looking like you're you know getting in bed with the Middle Eastern despots and yada yada yada and and I was just kind of wondering about this kind of go do we do we you know reserve currency generator and all the rest of this need to accept a gift like a 747 it just struck me like it's a little bit more like you know here's a nice little crystal statue or something for the White House right what are you thinking well the fact is like look you

got to understand the Middle East culture, something that America never has been able to do. But to reject a gift, especially a substantial gift, from an Arab Middle Easterner is a great insult, and there's really no graceful way to reject it. Oh. And the other thing is you have to look at this maybe Qatar attempting to make amends for what they've done and get back into the fold. And maybe Trump, you can't read the Merid act per se but you could explain the benefits and the costs of adhering to their current policy and why it's probably not a good idea for them in the long run and this could be an

Acknowledgement of that and an attempt to get back into the u.s. Is good graces and Carrie when you talk about the policies How has a cutter or Qatar behaved or misbehaved? good graces. And Kerry, when you talk about the policies, how has Qatar behaved or misbehaved? So most people know. Well, if we believe what we read in the papers, and you can only do that about 25% of the time, they've been supporting Hamas and, you know, terrorism in the Middle East. Got it. There's probably some truth to it, but you know, it's like the Saudis, you got like hundreds of members in a royal family, some of them pro-West, some of them are anti-West, pro-terrorists. So I haven't really seen a good analysis breaking

down their support, but they've got people from Hamas living there, giving them sanctuaries, so there's probably some truth to it. OK. And so Qatar's people say, hey, we grant you this big, beautiful airplane. This is a sort of like, hey, will you let us back into the family of man kind of... Yeah, we're sorry, Uncle, Rich Uncle, can we give you this and will you like us again? And it would have been very insulting had Trump then refused to take that. Oh yeah, you know, that would have set diplomacy back and it would have humiliated them.

You know, humiliation, you got to, like, as Americans, we suffer humiliation all the time, and we've learned to live with it. In the Middle East and in Asia, losing face is the worst thing that can happen to you. It's worse than death. So to make them lose face and humiliation, you can't say, I can't take it, because you know, that's a lame excuse. And interestingly enough, I just flew through Qatar, I'd never been in the Middle East before in my life, but on the way from Spain to Bangkok. And that airport is a monument.

It is the most incredible thing. Like think of the mall of Americas combined with a place where you can buy iPads or $3.5 million McLarens. It's all on display there. You never saw anything like it. So it's beneficial to the United States to have a positive relationship within boundaries, you know, kind of like that crazy girlfriend. And, you know, you're trying to

keep things, you know, peaceful, and you got to have boundaries. And I think Trump explained that to them. You know, the left couldn't even pronounce the moments up until Trump came into the office. They didn't even know what they were. And now it's on the tip of every left-east tongue. Yeah. You know, Kerry, I appreciate a more nuanced approach to this. And that doesn't surprise me about President Trump because I didn't really know that all those years that he was in president, that he actually has quite a few friends in the Middle East and quite influential in Middle Eastern politics. He holds a position of quite a bit of respect within. Of course I think the fact

that he is so respected is also part of that here's a nice jet for you you know right yeah but let us let us back in hmm yeah for sure even selling them places in various Trump properties for decades the Trump Tower you know about a third of the the owners there are Arabic or Middle Eastern. And the other thing we should look at with that plane is it's probably never going to be Air Force One because it's got to go to the same Boeing factory that they can't get the new Air Force Ones produced out of. So now they've got another plane that they have to fix up. And they have to strip it down to the

frame because they got to make sure there's no bugs in there, listening devices, bombs, and then they have to redo the whole thing. So they say 18 months, I think he'll be out of his presidency by the time that plane...it's never going to come on board. Yeah, this ends up being something at the Trump Library, a display piece is what it ends up being. Okay, all right, I get that. Yeah. All right. 747, as much as I love that plane, I've flown on it so many times, is an obsolete aircraft. And, you know, airlines are phasing them out. You see them for cargo, there's no substitute for 747 for cargo, but as far as the days of passenger travel on 747,

there's LaFontaine's, a couple of other airlines run them, but basically those days are coming to an end pretty quickly. All right, what a beautiful plane though. I was only on a 747 one time and I will always remember that experience. I just couldn't believe the amazing size and luxury of it. To me though, that's sort of, unfortunately that's kind of representative I think of where the United States finds itself at this point and why President Trump finds himself in this situation of trying to rebuild America. Because I look at the 747 as the America that was, and I look at the current way of getting around here, and you talked about the Qatar airport, and you contrast that with Newark,

which can't keep the radar on. Right? You know, the thing is like most the people we have as president are not problem solvers. They're just paper pushers. Trump is a problem solver and he demands accountability because and also always a view to the bottom line you cannot build in New York City without being the cheapest person on the planet because one little mistake takes a project that you're going to make a lot of money on and turns it into a major loser and you have to understand the Trump's mindset going into it He's not looking at it like a

politician, how do we get the sausage made? He's looking at it, what problems can I solve today? How do I solve this problem? How do I make this situation better? So he doesn't engage in platitudes and shiny language. He's all about action. I always tell people, you hate Trump, ignore his words, watch his actions. And you know, Trump Derangement Syndrome is just rampant. It's stage four. These people cannot see reality. You could really dislike the man, but you can't really dislike what he's doing if you're a sane human being here, you know? I think what probably irritates his opponents more than anything else is that he is kind of

a daddy figure and you realize that so much of United States politics is run by people with daddy issues that really aren't happy with power and authority and mommy issues oh yeah daddy and mommy issues that mommy yeah I think there's a little bit of that going on carry lots with me once again hey I want to talk with you about the financial survival network financialsurvivalnetwork.com what is this and what do you do there and maybe get just kind of you know give me your best pitch about what's going on there. Yeah well I started it 14 years ago after the financial collapse when I realized the government was lying or

certainly you know it was like the virus. They told you 10% of the story and hoped that that would be enough and you know I started following this forecaster Martin Armstrong and I started following this forecaster, Martin Armstrong, and I started interviewing him on the show. Good guy by the way. Good guy. I've only talked with him one time. If you get a chance to bend his ear off and that's good for you. That's wonderful. Yeah. He's good source. I actually wrote a book with him taking all of my interviews for 14 years putting it into a book. And, you know, this guy, I couldn't always understand what he was saying, his viewpoints,

but he was spent spot on in so many forecasts. So I wrote a book called The World According to Martin Armstrong, and he really influenced my viewpoint of the world and that things like we don't like nobody in America no ordinary person says gee I wonder where the money is flowing is the money flowing from Europe to the US or is it flowing from the United States to Asia you know I'm glad you say that because that is the one thing that I have learned from reading Armstrong Because what matters is where the capital flows? It's it's where the financial juice is flowing and

Yeah, and as you can tell right now, is it flowing here or is it flowing out? If you look at the at the debt markets, it's looking a little shaky at the moment but what do you see in there? I know that but there at the current time there is no replacement for the dollar and this is where capital is being treated the best right now other than isolated pockets maybe in the middle east. Certainly it's fleeing Asia or China in a huge amount so coming here Europe You know look if you're a hedge fund manager or a fund manager And you got to park ten billion dollars for the weekend are you gonna park it at Deutsche Bank? Are you gonna park it to JP Morgan Chase? You know the answer is obvious because you might not like America or JP Morgan Chase

The answer is obvious, because you might not like America or JPMorgan Chase, but you sure don't trust Deutsche Bank. And that's what Martin Armstrong taught me. That's why I wrote the book, The World According to Martin Armstrong, Conversations with the Master Forecaster. Bill, it's amazing. In 2018, I got it documented in the book, and you can actually go to the podcast and hear it. He says to me, the Dow's trading at around 25,000.

He says, the Dow's going to hit 45,000 somewhere between 2022 and 2024. Well, December 14th, 2024, it hits 45,000. Like it was going by his schedule here, you know? I was like, because I didn't even remember it honestly, until I started doing the book. And I said, man, that is a call that no one else on the planet was making. And then the breaking of the Swiss peg to the euro, he called that well ahead of time. Crash of 87. Gold prices he hasn't been perfect on but I remember when I started interviewing him gold was around the thousand bucks and he said staying there you know it might go to 800. He wasn't precise with it because that wasn't really the crux of calling gold prices. But once everything started hitting the fan,

he's upped his estimates. But you don't go to him for a gold price prediction. You go to him to figure out what the macro trend is and what you should do. Now, you can't, it's like listening to a psychic. You know, you can't be psychic. Yeah, yeah, well, you have to pick and choose a bit there. You know, Armstrong, yeah, you're right, Armstrong

is not necessarily called gold that well, but I guess the point is that he has talked about 20...is he still talking about 2025 and 2026 being panic years? Yeah, well, I don't know about panic, but he's talking about the recession in 2026, which could easily happen. I mean, you know, cycles. And basically, he's saying the cycles are immutable. But I believe there's...you know, the cycles will continue, but I believe there are...there's divine providence. There are events or situations that occur

that throw the whole model out the window. And I think one of them was July 13th, 2024, when the attempt on Trump was unsuccessful. That was one of those points where the cycles got totally frazzled by. Yeah, yeah, does providence know that's coming? Or, I'm sorry, does Socrates, that's Martin Armstrong's predictive model that he has, does Socrates know about, you know, Providence possibly interfering in something? We don't know.

Yeah, yeah, it's interesting. You know, like Yogi Berra said, prediction is very difficult, especially when it's about the future. It's so true. Hey, what is your gut telling you at this point? I know this morning everyone's talking about the big beautiful bill. And as I say, of course, I love the names like that. Trump's very good. It's like the Jedi mind trick. We're going to take the stinky swamp sausage, which we normally would call it. We're going to call it the big beautiful bill. I'm just noticing or I don't think that the social security tax free got through. Do you know? Do you

know any specifics about this? Because I mean, they shoved that through so fast, Kerry, at the last second. It was just like, hey, I don't want to hear any questions, no complaining, just vote. You! Just get in line. Well, you got to, you know, Congress, their slogan should be, you got to pass the bill to find out what's in it, you know? Because nobody knows, and you know, they do it so fast, the AI. Look, we had AI, and we're able to go through it, which know? Yeah. Because nobody knows and, you know, they do it so fast, the AI. Look, if we had AI and we're able to go through it, which you're going to hear in the next couple of days, we would know what was in it.

But you know, this is the way that stuff happens in Washington. They're never going to cut the budget. It has to be up to the president to do it. And all of this judicial review stuff, it's just noise. Because push comes to shove, Trump is going to get his way. He's going to cut the budget. My personal feeling is the guy's a showman. There's something really huge, some corrupt scandal in that spending, whether it's social security, the Pentagon, I don't even know where, but it's going to be mind-numbing when it's exposed.

There has to be. Exactly. There has to be. Well, you know what I think we all have to watch? Wouldn't you agree we've got to watch the bond markets here? Because the bond people are going to go through all that stuff, they're going to find that, won't they? They'll find the stinky stuff and get it out there yeah all right oh yeah for

sure all right now over at the financial survival network do you sell any services anything like that you know what do you do I know you you're the host of this but what do you do you know we don't really sell anything I'm writing books now and you know my next book coming up is called why They Really Hate Donald Trump. That's my working title. It's mostly done now, just shopping it with publishers. And I think it's going to be a big eye opener because it's not what you think. Not what they say. The reason they hate him isn't because of his character or his personality.

Those are just excuses. The real reason why they hate him is that he doesn't play ball and he's an existential threat to the deep state, which has basically been running things unfettered since, well, certainly since Eisenhower left office. We could definitely go before that. So you know, the real reasons they hate him is, just to give you one example, is he gets stuff done, you know? He actually gets things done, and that is a cardinal sin in Washington.

Another one is, you know, he's unapologetic. You know, they can't shame him with his words. He doesn't care. He just moves on. And that they hate. Well, he's Honey Badger. He's that YouTube Honey Badger guy. You remember the YouTube Honey Badger video?

Honey Badger, Don't Give a Crap? You know that one? Yeah, yeah, yeah, yeah, yeah, yeah. Exactly. You know? And they hate that because the way they control people isn't with a stick per se, although they'll do that when they have to. But are you sure about that because he strikes me as very thin-skinned at times?

Very thin-skinned. Yeah. Well, it's not so much thin-skinned. I actually did some work for him when I was an attorney. It's that he knows if you let stuff go unchallenged, then that becomes the narrative. And he's really, you know, I don't think he ever had a course in it. He just knows public perception. So the problem was that he treated all offenses with the same priority level, the same level of insult. You know? Yeah, and sometimes if there's

one thing that he might be able to learn in the second term, sometimes picking the fight might be helpful for picking your fights. Choose your battles. Yeah. You only got so much ammo, you to pick the important ones and I think the people around him especially Suzy Wiles she's a very calming influence for him and you know he's like you know the insults fly like Rosie O'Donnell like there was no reason to pick that fight although it was very entertaining and probably was good for both of their careers at that point. It was bad for Ireland, but oh well. Yeah, well, what's bad for Ireland is good for the United States, you know.

Kerry, great talk. I appreciate that. I love to have you back on, and thanks for sharing your thoughts about that, especially the the big beautiful 747 here you're saying hey, there was a reason why that was accepted It's not not in other words Everything is not as it seems especially when you're dealing in Middle East and saving face and getting back into favor Etc etc. Yeah one Look if they they want them give them like bars of gold, if they gave them a bar of gold,

you give it to the treasury and that would be the end. But the U.S. government really doesn't have any use for that plane. And, you know, it's never, I don't believe it's ever gonna be there as Air Force One because there's so many upgrades and stuff that have to be done. And they can't even do the ones that they have now.

That plane is just a token, a symbol that, hey, we're gonna play nice now. We're on the Trump train. We're with you. And they respect him, you know? Because they respect power, strength, clarity in the Middle East. They don't respect fist bumps by presidents, you know?

Got it. FinancialSurvivalNetwork.com, Kerry Lutz.com to find out more. Kerry, great talk. Always appreciate that. You be well. You too, man. Anytime. All right. It's a shave before 7 o'clock. Kamedi, Kamedi, HD1, Equal Point, Medford. KBXG, Grants Pass.