Investor's Edge with Gary Kaltbaum - $7.3 freaking trillion [03.11.2024]

Episode Date: March 11, 2024

https://garykaltbaum.com/...

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Starting point is 00:00:00 At CVS, it matters that we're not just in your community, but that we're part of it. It matters that we're here for you when you need us, day or night, and we want everyone to feel welcomed and rewarded. It matters that CVS is here to fill your prescriptions and here to fill your craving for a tasty and, yeah, healthy snack. At CBS, we're proud to serve your community because we believe where you get your medicine matters. So visit us at cvs.com or just come by store. We can't wait to meet you. Store hours vary by location. Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Colpom,
Starting point is 00:00:49 your host day. Thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It is March 11th. I got it right. 24. Hope you're having a good day. And it's Monday, by the way. Hope you had a good weekend. I was in New York City. And before we even get going, by the way, I'm just ripping some stuff up while I do this. I have to bring something up to you that I was thinking about.
Starting point is 00:01:21 And later in the show, and by the way, we're going to start the show with importance, the markets. going to have a lot to say, especially off of what we told you on Friday and more of that today. This is not being told to you to pat myself on the back. Most often, while I am in New York City and walk in the streets, if I come upon a homeless person,
Starting point is 00:01:55 and there are many, I will stop, get them food. I don't usually give out money, but I will stop and get them food. I remember during last winter, there was a guy sitting outside of a Walgreens, a homeless man, without socks. And he was like 30 degrees out.
Starting point is 00:02:25 I went inside and bought him socks. And interesting enough, after we left and walked back, he didn't put the socks on. We put him on for him. This weekend, my son has a place on the Upper East Side. And as we were walking to go through Central Park and then get a car to see my parents, a homeless man without any shoes, teeth asked if I get him some food.
Starting point is 00:03:20 And of course, I obliged. When in the corner of 96th in Lexington, they have a nice little place. and got him. What's funny was he went right to the freeze and got some Hagenas first, but got a sandwich, got a drink. I'm about to tell you something which is not, I got to tell you the truth. I don't think he went to the bathroom for the last week.
Starting point is 00:03:54 I asked him what his name was. His name was Sean. I told him I was Gary, and I wished him well. He was an American. When I got to my parents, I saw the day. Daily News in the New York Post and I started reading articles out of them.
Starting point is 00:04:26 How New York is handing out to migrants. Food, money, debit cards, shelter. Yet this man, Sean, a man, a man that bleeds like you and I, who is completely down on his luck. sleeps in the street has to beg for food no freaking help and as you know
Starting point is 00:05:10 I'm all for immigration and immigrants my family my grandparents came from Poland some of my best friends parents came from Cuba but they came here the way you're supposed to but I digress this man Sean
Starting point is 00:05:33 is being left to rot because he's an American, but people come across the border, yes, Joe Biden illegally are getting squat, just letting you know. And of course, I'm sure you heard about how Joe Biden basically apologized for calling that murderous prick who murdered that young lady on the campus of Georgia
Starting point is 00:06:08 he apologized for call me legal, that he should be called undocumented. If I was the father of the daughter, never mind. I just, we're all a product of our experiences, and I just happen to have a radio show. And I get to tell you about my experiences when I think, well, when I think it matters. Just letting you know, our country,
Starting point is 00:06:47 brought to you by a certain group of Marxist maniacs are crushing us on purpose, not by accident, on purpose. And don't ask me why the media kisses their ass. I don't know where that comes from. That one man, I was thinking about him all day today, all day today. because if he was my son and by the way he's probably my age but if it was my
Starting point is 00:07:39 you get the point it depends on where you're from who you're from we move on of importance so as you know since January 8th we've been harping on
Starting point is 00:07:59 the big moves in NVIDia and some of these other names along with them but on Friday well we warned leading up to Friday how extended they were on Friday we had what we call a huge characteristic show up in the market.
Starting point is 00:08:15 As you know, what we do here is we look at a photo album for familiar faces, and it happened to be a familiar face that hardly ever happens because we hardly ever see vertical moves in price. And what that is is could be a one-day thing, the highest volume day day, after a gargantuan vertical move straight up that looks like the space needle from Seattle or the Eiffel Tower that reverses to the downside on the biggest volume you've seen, it usually means it's the top for now. And what we told you Friday was very simple.
Starting point is 00:09:01 They can bounce them, but the highs of Friday will not be taken out anytime soon. by the way look how we have to segue from a homeless man to the stock market think about that anyway so we're just letting you know regardless what we give you on the final numbers well you had amd today let me get the numbers so I can see them AMD was down
Starting point is 00:09:33 nine bucks to 198 and change today after a major reversal Friday. NVIDIA was down 18 bucks today. After a major reversal on Friday. Taiwan Semiconductor down seven bucks today. After a major reversal on Friday, seven bucks in change. SMCI down $57. But I must tell you, that acts better than the others.
Starting point is 00:10:07 Broadcom was down only about another 15, but keep it interesting enough. Broadcom earlier today was down $55. So maybe a reversal of the reversal. Arm Holdings was down five. That's a lower price name. Just weakness in them areas. And what we told you on Friday, and we'll tell you again today, what typically happens with them,
Starting point is 00:10:38 typically is that if they're not going to do the full Eiffel Tower, which means give back a lot, and let's just say they're going to get going again, they will find an area of support, which we do believe is probably lower from here, we will identify, hopefully identify, that area's support, and figure things out. We'll put a little bow on that.
Starting point is 00:11:18 Up next, much more. On this, the one-only Investor's Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. We manage investors' money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed. We also provide a full range of personalized services,
Starting point is 00:11:55 including retirement planning, fixed income, and educational needs. all to assist you in achieving your financial goals. Understanding not all individuals have the same needs, we'll carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complimentary portfolio review.
Starting point is 00:12:18 The number to call is 888-4-22-5-59. That's 8-8-5-59. That's 888-422-5-5-9. Investment Advisory Services offered through call-bomb capital management. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist,
Starting point is 00:12:54 Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomachache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just have a stomachache every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut,
Starting point is 00:13:21 you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can put it. probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio.
Starting point is 00:13:44 Listen now wherever you get your podcasts. Struggling to see up close, make it visible with Viz. Viz is a once daily prescription eye drop to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using Viz include eye irritation, temporary dimmer dark vision, headaches and eye redness. Talk to an eye doctor to learn if biz is right for you. Learn more at viz.com. Cashflow crunch?
Starting point is 00:14:05 OnDec's small business line of credit gives your business immediate access to funds up to $200,000 right when you need it. Cover seasonal dips, manage payroll, restock inventory, or tackle unexpected expenses without missing a beat, with flexible draws, transparent pricing, and control over repayment. Get funded quickly and confidently. Apply today at ondeck.com. Funds could be available as soon as tomorrow,
Starting point is 00:14:27 Depending on certain loan attributes, your business loan may be issued by On Deck or Celtic Bank. OnDak does not lend in North Dakota. All loans and amount subject to lender approval. It's time to switch on the integrator units and get the brain cells working. You're listening to. Hey, this promises to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum.
Starting point is 00:14:51 It doesn't get better than this. So I want you to recall. And let me repeat, this is not a prediction. It's just what potentially happens. When Nvidia had that big run a year ago, what it did was it stalled. It stalled in around the July to August period and did nothing for six months. And then broke out above 505 and that was the move until Friday with the big volume reversal on a little more today. We'll see what Tamar brings.
Starting point is 00:15:34 I wouldn't bet against them bouncing them around a little bit here, but start to trade what we call wide and loose. Up 20, down 20, up 30, down 30. That's wide and loose, and typically is not great news. For the first time, since the breakout at 505, we are not in Nvidia stock now, and we'll see where it takes us. our thought process was one fold. The 21 day moving average is all the way down at $787 with the close today at 857.
Starting point is 00:16:14 I have no interest in having that thing at 787 and then having to think about whether it's going to go down to the 50 day, which is all the way down at 668. Now we're not saying that's going to happen. We don't know. all we know is what happened on Friday of import. So far, most definitely has changed the complexion. And at this point in time, very simply, we'll see where the market wants to take us. Notice, we don't predict.
Starting point is 00:16:58 Saw somebody out today telling us where things are going to be in six months. Terrific. We don't need any of that. All we need to know is what the market's telling us. So that's that end of the market. Are the semis not as bad because they never made such a move? But still pressure on the semis today. Though off their lows, the socks today was down 68.
Starting point is 00:17:27 At one time today, am I right in saying this? Was down 120? Yeah, it could have been. the 21 day moving averages at 4708 which is 180 points lower and we'll see if we get there now let me tell you the decent news oh and by the way they got Facebook today a little bit more for a few percent but remember we told you we bought it perfectly off of moving averages at 350 it still closed at 484 today
Starting point is 00:18:09 even though it was it was down 20 too. And we're going to give it a shot here. Not much more. And they got some other things too. Eli Lilly. You know, Eli Lilly broke the 21-day moving average day. That's not good news. And they were coming after a few others. We'll leave it at that. But on the good front, with all that going on, the Dow was up 46 today. The Dow didn't go down that much Friday, even though it was off the highs. And there are areas now, as we have told you, gold broke out of all-time high.
Starting point is 00:18:58 Huge multi-year range was up again today. It's going to get tired soon. And oils. Oils are emerging. Remember, we were a void for a long time. They're getting better by the day. There are a few at new highs, not meaty stuff,
Starting point is 00:19:18 but even some of the laggards are what we call curling up. And of those of you that follow us, a bunch of names that were weak are now breaking above the 50-day moving average may be changing their complexion, and that's of import. So the oils better.
Starting point is 00:19:43 As we said gold, China. Well, China has been testing the patients, broke above the 50s, day, pulled back towards it, starting to move again. If you see the FXI above $24.35 would be another higher low. So maybe China. Now, of course, we don't trust them as far as we can throw them because the guy's a dictator and you never know what he's going to take over next.
Starting point is 00:20:18 We'll see. And of course, some of the bigger financials act okay. slowboats, but they act okay. And most importantly, the S&P 500 just continues to calmly, quietly ride up, ascending, a long-rising, moving averages, which is exactly what both phases are supposed to do, until they don't. And even with the damage done in some of these names, off the highs, they're still relatively strong, though they did the, as we said, the space needle slash Eiffel Tower look. So not so sure the end of the world there, but we'll see. So just letting you know while these things are coming down.
Starting point is 00:21:26 And by the way, we've given back some because we had these, but we've had really good gains. I think we ended up at around 75% in two months on Nvidia. Now again, we will see if they retrench and we'll take it from there. And we'll know a lot more in the next couple of weeks. But we've seen space needles before and we worry that it's an important area. Next, I don't even know what to tell you about the crypto kept going to. day again. You know, I never really quote you what Bitcoin, but it's broken the all-time high. I think it was 69,000. It's now 72. Pulled back at the end of the day. Amazing.
Starting point is 00:22:20 But I want you to remember something. They're out in full force right now. I heard somebody say today, eventually it's going to go to a million. Okay. He was asked why. Well, because they're doing ETFs. Oh, and they're having it and they're doing this. And I'm thinking, I'm like, so, what the hell does that mean? Not because they have good earnings and sales and the growing businesses. It's whatever. So, God bless.
Starting point is 00:23:02 God bless. Stunning to me. Remember what we told you. If it's going to go to a million, somebody's going to be paying $999,99.99. But just so you know, if it's at $72,000 right now, Somebody paid $71,99,99 to get it to $72,000. Go figure. Up next, a little bit more markets, and then stay tuned.
Starting point is 00:23:30 Biden's going to get it. Up next. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches.
Starting point is 00:24:08 Like I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomachache every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change.
Starting point is 00:24:33 Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts. Struggling to see up close, make it visible with Viz. Viz is a once daily prescription eye drop to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using Viz include eye irritation, temporary dimmer, dark vision, headaches and eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.com. Cashflow crunch? On-Dex small business line of credit gives your business immediate access to funds up to $200,000 right when you need it.
Starting point is 00:25:12 Cover seasonal dips, manage payroll, restock inventory, or tackle unexpected expenses without missing a beat with flexible draws, transparent pricing, and control over repayment. funded quickly and confidently. Apply today at on deck.com. Funds could be available as soon as tomorrow. Depending on certain loan attributes, your business loan may be issued by on deck or Celtic Bank. On deck does not lend in North Dakota. All loans and amount subject to lender approval. You're listening to America is talking. Investors edge. He's got to be pleased with that. The crowd is just on his feet here. He's a cinder of a boy. With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him.
Starting point is 00:25:55 I was going to save this for the final segment, but this may take two segments. So I want each and every one of you to listen carefully because those that have followed us for a long time know we just don't yap. We're not into hyperbole. We don't call crashes and smashes. We're not out to sell anything. We're just out to tell you what's going on. State the facts. Back them up with passion. with numbers.
Starting point is 00:26:32 And yes, sometimes, you know, when we say we think this election is a choice between the bubonic plague and the Ebola virus, yeah, that's a little over the top. But we're trying to make a point that we can't stand either one of them. And we get, you know, we get it from both sides on the email front. And that's okay. We respect each and every one of you for your choices. Hopefully you respect ours. we lost all love for both political parties we think the whole system is screwed i have a different
Starting point is 00:27:06 word i can use but i i'm not allowed to as you know i don't know if you remember years ago was campaign finance reform they told us they were going to take money out of politics and what they did they lied and now that you can i don't know if you know this there's going to be billions spent on the presidential election they lied they lied they lied to you and me. Just remember, just want to let you know. And remember, this is both. We have no bias, no agenda,
Starting point is 00:27:37 no ulterior motive. And as you know, we've ripped on Trump. And he continues to diminish himself. He's his own worst enemy. If he loses to Joe Biden, it will be by his own doing. Because I got to tell you,
Starting point is 00:27:59 I don't think a mosquito should be losing to Joe Biden at this point in time. But unfortunately, and by the way, this little diatribe is not about President Trump, but I just want to start with it because any of you out there that have a mouth to his ear, somebody speak to the guy and just tell him to shut up and stop lying about everything. I mean, just the crap that comes out of his mouth, I always use the thing. the thing, imagine if somebody's on TV and they said it's raining out and behind them it's blue sky.
Starting point is 00:28:38 I mean, just a parent. And then he just diminished himself last night. He sends out a tweet about the Academy Awards and he just rips on people. He rips on the host. He rips on this, that. And you know what's the host do? He gives it right back in his face. And it made Trump look like Eddie Haskell from Leave It to Be.
Starting point is 00:29:01 So if you know Trump, get to him, he's got an opportunity to win the election. He lost the last one because of the down ballots. People voted all Republican on the ballot except for him. That's why he lost. And now I'm going to get some emails saying, oh, no, he didn't lose. Okay, great. But we're going to spend the rest of the time on. The Marxist control freak, lying sack of crap in the White House.
Starting point is 00:29:37 That's there now. As you know, we think he sucks. We think his family's corrupt. We'd say it to his face. The media's not done their job. The family got a couple of, what, 20 million bucks from countries that the president, Joe Biden was dealing with. They're scum. Influence peddling scum.
Starting point is 00:30:03 But they're not alone. There are Republicans and Democrats that have done the same. I haven't confirmed it, but there's a certain Democrat that's been there for about 15 years. That's worth $60 million now. $180,000 a year. How's that possible in politics? And I can go on, and we've told you to read the book. It's an older book by Peter Schweitzer, throw them all out on what these politicians are doing to line their pockets.
Starting point is 00:30:35 But Joe Biden, taking the championship belt away from Donald Trump online and BSing the American public and wow, what a high bar to get over. And he's been doing it since day one. Harry Truman had a sign on his desk. The buck stops here. The sign on Biden's desk is the buck stops everywhere else.
Starting point is 00:31:06 We warned you. And let's go forward in the future. when the bond market blows up and interest rates go to 10%, not because of inflation, because of the debt and the size of the blob of government, brought to you by the last few presidents, but especially this controlling Marxist maniac? The numbers, the numbers. The year before COVID are federal spending,
Starting point is 00:31:53 the size of government was $4.4 trillion. That would just be how many years ago? Five? The recent federal spending, depending on which rusty abacus we use, is in the mid-sixes. Which means this man raised federal spending about 50%
Starting point is 00:32:18 more than COVID spending. The last 12 months, our debt has gone up $2.7 trillion, Some people are coming out with estimates that we're going up a trillion every 100 days, but I can't confirm that. This Marxist control freak just proposed a budget, which by the way will not pass because the House is Republican. So they'll go towards negotiating. But the problem is these Republicans suck also, and I wonder what exactly they're going to agree on. The president just proposed a $7.3 trillion budget.
Starting point is 00:33:18 That's 66% increase in the size and spending of government since 2019. 7.3 trillion. The sickening part of it is they say $7.3 trillion with a $1.8 trillion deficit. That's their estimate. meaning they believe we're going to be sending them $5.5 trillion, which by the way is another record from us, because as we tell you, we keep doing our job and they keep abusing us.
Starting point is 00:34:00 $7.3 trillion. That is a quadrupling of federal spending in the size of government since the year 2000. Quadrupling, you want inflation? Where's the biggest inflation? DC. It's the greatest con and the greatest scam in the history of our country. We were warned by Jefferson more than two centuries ago of people like this. And what is the sin and the big lies?
Starting point is 00:34:39 They have the grapefruits today. The grapefruits today that says this budget is going to lower the death. over the next 10 years by $3 trillion. This lion's sack of a president and an administration has the nerve and the grapefruits that it's going to lower the deficit, $3 trillion over the next 10 years, but in small print. And we're not making this up in the next 10 years. the deficit slated to go up $20 trillion, but it now only going to be $17 trillion. We're not making this up.
Starting point is 00:35:41 By the way, that's their estimates. So only in this world, only in D.C., can our debt go up $17 trillion in the next 10 years, and they tell us it's going to drop $3 trillion with a straight. face, we keep sending them record amounts, and they keep kicking us in the teeth. Up next, a little bit more on this. This is the one only investor's edge. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacist to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with
Starting point is 00:37:02 stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh yeah, you know, I just have a stomachache every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Here the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and
Starting point is 00:37:47 IHeart Radio. Listen now wherever you get your podcasts. Struggling to see up close, make it visible with Viz. Viz is a once daily prescription eye drop to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using Viz include eye irritation, temporary, dimmer, dark vision, headaches and eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.com. OnDec is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps,
Starting point is 00:38:15 OnDex loans up to $400,000 make it happen fast. rated A-plus by the Better Business Bureau and earning thousands of five-star trust pilot reviews, On-Dec delivers funding you can count on. Apply in minutes at on-deck.com. Depending on certain loan attributes, your business loan may be issued by On-Dec or Celtic Bank. On-Dec does not lend in North Dakota
Starting point is 00:38:33 all loans and amounts subject to lender approval. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In the Bester's Edge. With Gary Colba.
Starting point is 00:38:50 So, I watched some of the Sunday political shows. They had Pete Buttigieg on. Nobody asked them about this. We are sending an email to the White House asking them to come on this show. We'll ask for Jared Bernstein, the head of the economic advisors, to see if he's going to come on. And in the email, we will state, though, but this will not be a kiss-ass or friendly interview, that we are representing our listeners and their concerns about their gargantuan and massive increase in the size of government and their power over us
Starting point is 00:39:42 and their giveaways based on winners and losers and the fact that they spend first and then they go after the money second. and that if they took every dime away from the billionaires of this country, it still wouldn't pay for their nut house spending in size of government. I am sure they will say no. Actually, I am sure they will not answer. This I am sure of. What if? economics 101 you can go look this up why do interest rates rise on a corporate bond on a muny bond
Starting point is 00:40:40 on government bonds why would they rise well if a corporation has too much debt out there had too much debt and there was a worry about their company, the lenders of the debt, the buyers of that debt, who want a return on their investment on that bond, will demand a higher yield. And that bond will drop in price, which makes the yield higher. If a municipality, and there have been a few, has some problems, the lenders, will want a higher yield. If the size of that debt grows beyond the pale, lenders will want a higher yield.
Starting point is 00:41:43 Why do you think Jay Powell took out his computer and printed up to $9 trillion to take yields down, creating all the distortions? What if the bond market wakes up? one day? What if the bond market has eyes and ears? Our bond market and comes out and says, WTF, 35 trillion in debt, and we are definitely going to be 50 trillion in 10 years of debt. What if this own administration saying we're going to send them 5.5 trillion this year? And they're going to spend 7.3, but then we only send them 4.5 because we have a recession.
Starting point is 00:42:51 And that's 2.8 trillion deficit. What if? What if the bond market wakes up and sees all this and sees the waste in the spending and the giveaways? And bond market gets crushed. and the 10-year yield goes from 4-1 to 7-1. There goes your economy and there goes your market. Ladies and gentlemen, you know my thought. They are all going to be dead or retired.
Starting point is 00:43:36 The culprits. And of course, the worst culprit ever, by far is this guy. I am in hopes. The Republicans grow a pay. and prove themselves to be the so-called conservatives, the fiscal conservatives that they supposedly are, and give this Marxist control freak the big gigantic certain finger and tell him, you want to talk, start over.
Starting point is 00:44:16 You say we're sending you $5.5 trillion, we'll start there. And that 5.5 trillion would still be a very nice increase of 4.4 trillion from five years ago. 20 some odd percent over five years. Increase in government. I'm a nobody. I don't have the audience that some of these others have. And I blame myself. I may have to start thinking about how to go about it because I love my kids.
Starting point is 00:45:02 kids, and I will love their kids. And this man single-handedly is creating a Shangri-La for himself and them people in Washington, D.C., while kicking us in the teeth. And when we say control, how do they do it? With all that bucks, they can just dole it out to whoever they want. Ooh, you, you're a voting block. Hey, we're going to send you this. But it's not. It's we are sending them this.
Starting point is 00:45:38 Not they. Every dime is off of our backs. They have no money. The only money they get is from us. And they realized a long time ago, wait a minute, hold on. And now, I'm guaranteeing you. And we've been right. They're calling for 1.8 trillion deficits a year going forward.
Starting point is 00:46:05 Oh, it's going to three. We're going to have three trillion dollar deficits, and the bond market's going to wake up. I hope I'm gone when it does. Wish I had better things to tell you. I urge every one of you to read up on this and put the numbers with a pen and a pad and get pissed. Until tomorrow, you'll have a great evening drive carefully when you get home to like we do. Quite simple. Make sure you hug your family.
Starting point is 00:46:35 Make sure you hug your children. They will feel better. You will feel better. I promise. now. We'll be back same time tomorrow. Thanks for joining. Peace out all. Bye bye. This has been Investor's Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy
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