Shaun Newman Podcast - #1067 - Kerry Lutz

Episode Date: June 4, 2026

Kerry Lutz is a recovering attorney, serial entrepreneur, author, and veteran podcaster best known as the host of the Financial Survival Network. A longtime student of Austrian economics, he practiced law for over 40 years before transitioning into media and entrepreneurship. Now based in Palm Beach County, Florida, Lutz focuses on helping listeners build financial resilience through discussions on precious metals, economic cycles, geopolitics, government overreach, and personal sovereignty. He has authored several books, including the popular Viral Podcasting and America’s Great Parking Scam, and is an outspoken critic of central banking, regulatory excess, and mainstream financial narratives.Watch the Cornerstone Forum 26’https://shaunnewmanpodcast.substack.com/Silver Gold Bull Links:Website: https://silvergoldbull.ca/Email: [e-mail] Grahame: [phone]Bow Valley Credit UnionBitcoin: www.bowvalleycu.com/en/personal/investing-wealth/bitcoin-gatewayEmail: [e-mail] Expat Moneyhttps://expatmoney.com/snpGet your voice heard: Text Shaun 587-217-8500

This is Brett Weinstein. This is Tom Lomago. This is Bruce Party. This is Alex Krenner. Hey, this is Brad Wall. This is Dr. Pierre-Core. Hi, this is Frank Paredi. This is Danielle Smith.

This is James Lindsay. This is Vance Crowe, and you're listening to the Sean Newman podcast. Welcome to the podcast, folks. Happy Thursday. How's everybody doing today? How will we start with a little precious metals, shall we? When we're talking about precious metals on this show, we point you towards SGB, Silver Gold Bowl here in Alberta. And I might add, they're all across North America.

So if you check them out, silvergoldbull.com, if you go down on the show notes, you're going to find Graham's contact details. You can text or email them. With any questions you may have around in investing or buying, selling, storing precious metals, he can certainly answer all your questions there. If you're keeping up to date on the old silver wagon, $101.10.10. That's the current price Canadian on gold. So, silver gold bull for all your precious metals needs.

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expatmoney.com backslash SNP, you're going to find a report on eight countries to escape World War III. And what you're going to learn inside this is why the risk of major global conflict is higher now that any point since the Cold War, how governments can, without warning, freeze bank accounts. Oh, wait, we've seen that here in Canada, haven't we? Seas assets and closed borders during crisis. the five primary criteria that determine whether a country can truly be a safe haven during a global conflict,

and there's a whole bunch more. So if you go down to the show notes, you're going to find expatmoney.com backslash SNP. You're going to find ways to live free or protect your family, grow your wealth, anywhere in the world, and you don't want to wait for the next crisis. Visit expatmoney.com backslash SNP. All right, folks. Now, Caleb Taves, Renegate Acres, we do the community spotlight, and we are 30, we're almost a month away from when we leave for the trip.

And I've been saying to all of you lovely people out there to nominate someone from your community, you've been excellent. There's been some cool ideas come through there. And I hope some of them pan out. That's what I hope. I hope we get the opportunity to explore some of the guests you're sharing with me. And if you're sitting there waiting and going, well, maybe I should text. Shoot me a text.

Worst thing I'm going to say is no, or we're not in that area. But, you know, we go all across Canada down the east coast of the United States, and I'll be trying to publish the actual route on substacks. You can actually get a better picture of where we're heading. And would love nothing more than to run into some people I normally wouldn't have the chance to sit down with. And if that's somebody that you know and you're like, man, this would be a cool guest for Sean to run into. Shoot me a text. Would love to have you nominate somebody from your community to hop on the Sean Newman podcast.

all right if you're listening or watching on spotify apple youtube rumble x facebook substack make sure to subscribe make sure to leave a review uh on substack we have a uh poll going on right now to the end of the week and if you go take the poll it's for paid subscribers you have uh opportunity at winning a one ounce silver coin so a cool uh i don't know a hundred bucks in your pocket i'll be it in silver but that's better anyways and uh go check that out especially you know if you're a paid member go go do it you're literally signed up for it. If you haven't considered becoming a paid member, you're going to get to dictate some of the things coming through substack. We'd love to hear your feedback. All right, that'll do it for me. Let's get on to that tale of the tape. Today's guest is an entrepreneur,

author, and podcast are best known for hosting the Financial Survival Network. I'm talking about Kerry Lutz. So buckle up. Here we go. Welcome to the Sean Numa podcast. Today, I'm joined by Carrie Lutz. Sir, thanks for hopping on. Hey, uh, honor and a pleasure. Well, when I first reached out, I'd read your article about leaders. And I'd written it down, America's drowning and managers. It's starving for leaders, sorry. And then you talked about Spencer Pratt at the time. Well, we just got past Spencer Pratt coming in second.

So he's actually going to be in the run now for the mayor of L.A. That's where it started. I had a whole bunch of other things I wanted to talk to you about. But let me just start there. You know, it was an interesting line to me because I think Canada is drowning in managers as well. I don't know. Your thoughts. Well, you know, in the armed forces, they call it, you know, management without leadership.

And basically, it's the beauty of small business. Like going into my family's private. printing business, I had to learn every single job from applying postage to binding volumes, to doing everything. Now, obviously, you're running a multi-billion dollar entity or a government. You can't have done every job, but you should have some kind of familiarity with the process of what is taking place. But instead, managers in this day and age never get their hands dirty and they're trying to run things through spreadsheets or in government, they don't even bother with that.

They're just using platitudes and worn out phrases that mean absolutely nothing. And there's no there there. You know, whether you love Trump or hate him, he's a leader. There's never been a question about it. he is a leader. Leaders first, they don't rely necessarily on their technical skills, but they rely on their ability to manage people, to get people on board with their mission, with their goal, with their purpose, and then they move towards the purpose, and they basically get the resources they need to achieve the purpose,

Or as is often in the case, they don't have all the resources they need. And then they improvise because the mission is more important than the message per se. Although the message can be the mission. So. You know, like when I first heard Spencer Pratt, I didn't even, I didn't even, like, it didn't even draw me back to my younger years of, I didn't be very honest. folks. I didn't watch a ton of the hills, but I do recall it. And I do recall being in different areas at that time of life and it being a popular show. And all of a sudden I looked at him one day and I'm like, holy crap, is that? And, you know, like I wasn't reading all the headlines. I wasn't

you know, that worried about it, I guess, sitting up here in the north. But it does signal a change coming for maybe more than just LA, doesn't it? Like a guy like that comes out and just he's not min some words. And after he goes and he's caught a lot of, uh, a lot of, lot of the online world by storm and obviously it's translating to what's going on in l a yeah yeah uh you know we we don't really know if he has the uh skills necessary to lead a city a highly complex organism entity uh but he certainly is showing himself to be a leader in the campaign addressing issues identifying the issues that are most important to you out there, not just in L.A., but across the country, across the world, proposing solutions to those problems, to those issues, and basically

he is leading a movement. So he's a leader of a movement, whether those skills will transfer, translate into an effective mayor or not. Well, he has to get elected first and foremost. and he's really up against the machine that, you know, has had its way for, you know, decades already. And if it can be done in L.A., then it could be done in Toronto or in Vancouver or in Chicago or New York City. and, you know, I think it's kind of a thing where sometimes it's got to get worse before it can get better. Yeah, and I truckle. I'm like, does he have the skill set to run a city? I'm like, well, look at what he's up against historically over the last how many years, Carrie. It's like, can he do much worse? I mean, I suppose it can always get worse. But you look at, well, I mean, it was Olivia Chow. Sorry, the mayor. of Toronto who was just twerking with a trans whatever on Pride Month day and you're like that's important right you know yeah how much priority straight I just look at him like you know you go

can you run a city I'm like well are any of these people effectively running a city at this point Hey, the best manager that I ever saw run a city and take it from the garbage can into a real turnaround was Rudolph Giuliani. And he had never run anything other than the U.S. Attorney's Office, I guess his consulting practice. And he ran for mayor the first time against Dinkins lost. Things got way, way worse in the city, crime. homelessness, et cetera. Then he ran again, he won. And the guy was a workaholic. He literally had a cot in the basement of the New York City Hall. He didn't go home. He slept four hours a night, much like President Trump. And he turned out to be an amazing manager, but he was a leader first. A great leader is a

manager with leadership skills. If you don't have leadership skills, then it doesn't matter how good a manager you are. You're just not going to be effective because the team, everyone has to be working towards the common goal, or at least most people. And Giuliani brought down crime to levels never believed possible. And then they wouldn't even give them credit for it. They said, oh no, it was demographic, less younger males. And he had a program. It was never actually enunciated. I happened to have talked to somebody who was involved in it.

It was called life in prison a day at a time. So all these quality of life offenses, relieving yourself on a public street, smoking marijuana, selling marijuana, the courts kicked those people out. But they were going to spend a day or two. jail and if they got caught on a Friday they were going to spend the weekend in jail till they got kicked out and you know repeatedly arresting the same people over and over again eventually you modify behavior and Pratt he certainly can do it if he's got a team with him involved believe me the cops are not happy letting chaos rain on the streets the fire department's not happy

The garbage men aren't happy either, leaving garbage all over the place. It doesn't matter whether they like their jobs or not. When they see failure, it reflects upon them and that their careers are failing. Yeah, they're getting their paycheck, compliments of the taxpayer, but nobody wants to be part of a failing enterprise. That's the key. And a leader, real leader, has the ability to instill in his, followers, and I don't use followers as a term like blindly following like some cult head,

but has the ability to make them believe that they make a difference that, you know, like I'm not like big on the books, the management books where they break all this down. But what I've observed is, you know, people who are leaders, like you don't have to like them. Like nobody liked Rudy Giuliani. He spent half the day screaming at people because you're dealing with city workers who don't do anything. And he made the cost of doing the job less than the cost of not doing the job. So consequences, a good leader gives consequences for failure. Now look, if it's failure is not your fault, it's not your fault. Nothing you could have done about it, right but um you know it's like uh the pilot in the plane you know the guy who's a piloting the

captain's got ultimate responsibility for every single aspect of that flight somebody uh has a health emergency in the back he's got to do an emergency landing if there's a problem with the equipment he's got to diagnose it and land the plane safely and so he has to be a leader by the very nature the skills, the requirements of it. And that's the same thing with a leader in any aspect. Like I say, I don't like study this from a standpoint of the 10 effective elements of leadership. I think there's a lot of that's just BS. It's like, know who you are, know what you want, build a team around you, inspire people, not in the terms of idealism, but in the terms of that this is something worth doing. Saving Los Angeles is something worth doing. Getting those

poor zombieed out addicts off the street is something worth doing. Cleaning up neighborhoods, making them safe, reducing crime. Those are things that are worth doing. And you have to be realistic. Realistic goals. What can we do? And Look, I think you see it all over the place. We had like Biden was not a leader. You know, I don't know what he was. Your guy Carney there is not a leader. He's a technocrat.

And the same with his predecessor. You know, the leaders are kind of rare. Because the aspects of leadership that make people leaders is exactly what alienates a large portion of the population. And it's only, look at Churchill, right? We share common heritage, Canada, in the U.S. You know, UK, England would not exist today, were it not for Churchill. Was he perfect?

No. Did he make mistakes that got lots of people killed during both wars, World War I and two? Yes. But was the guy a leader? hey, he would walk around the city while it was being bombed fearlessly. That's a leader, you know, willing to take a bullet, you know, for the team. Loyalty. When you have a real leader, loyalty flows both ways.

So, you know, it's not an idealistic concept here by any stretch. And maybe I'm talking too much about it. You know, I've managed. Sorry, I don't think so, Kerry. Like when I read the line, America's drowning in managers, it is starving for leaders. I'm like, you might as just take out America and you can put in almost the world, right? Like we look around and go, who is leading, you know? It's a very rare quality what you're talking about.

Hey, Fidel Castro was a leader. Was he a butcher, murderous bastard? Yeah. The same with Maduro. He's a leader. and Chavez. It's like the, is she a leader? No, she's not a leader.

He's a manager. And you can just go around. Putin's a leader. Murderous, sociopathic, stone cold killer, but he is a leader. Is Macron a leader of France? No, the guy's a joke. We won't even get into the status of his wife. and you know you go around and you see it and what a difference the guy in

Argentina uh can't remember Javier Malay he's a leader you know a leader takes risks because in order to achieve a goal you have to take risks because if there were no risks you would have already accomplished the goal you know there wouldn't have been any obstacles And there's a emotional maturity here that you'll find in these people. They can deal with setbacks. They can deal with failure and bounce back. Because life is a roller coaster. One minute you're riding high, the next minute you're filing for bankruptcy.

The next minute, you're back on top. So emotional maturity, the ability, stability to stay. Tom under fire. When the captain's in the plane and the left engine just flamed out, you know, right after takeoff, what does he do? Oh my God, what are we going to do? No, he goes through checklists. He diagnoses the problem and he follows his path and brings the plane back safely. And, you know, you can't teach people this stuff. You know, like nobody could tell me that Karen Bass should have been mayor of LA in the first place. A lot of times, you know, Woody Allen said life is, 80% of life is showing up and she showed up and it was her turn. And you look at a guy like

Brandon Johnson, who's the mayor of Chicago. The guy's a joke, a laughing stock. And, you know, then you look at a guy like we have in Florida here, Ron DeSantis, you know, That guy, hey, wanted to be president. He still might be. Who knows? But I challenge anybody to find a more effective governor than him. I mean, still tons of corruption in Florida. You're not going to change it.

Political systems just breed corruption. But a leader will get even the corrupt parties to put their corruption on the back burner, not make their corrupt acts the purpose of acting. So all of this, you know, it's rampant in society. You know, the military seems to be the best at breeding leaders. Probably because it's hierarchical nature, but still there's all those generals in the Pentagon who are just taking up space, who don't do anything. generals get appointed by Congress, and, you know, they're just politicians in a military uniform. It seems like being a politician, you wind up not really just being able to, it just sorts the people who are the least qualified for the position.

because there's so much consensus, you know, it's hard for a leader to really take control. Yeah, the only other one I think that breeds leaders is, I come from an athletic background, right? I think sports. Absolutely. I come from team sports, right? The leaders just rise to the top on all teams. It's just so evident. You know when you walk in a locker room who the leaders are, it's pretty evident, you know?

And so in saying that, a lot of athletes don't go into politics. probably for right reasons. Yeah, no, that's a great point. I didn't even think about that, but it's hierarchical in nature, and it's a meritocracy, and, you know, when you're on the football field

or in the basketball court, you know, there's your stripped bear of all your excuses for failure. You're either going to succeed or you're going to fail. And when you succeed regularly, you become a leader, whether you want to be or not. And, you know, it's, so that's a great point.

And that's another reason. You know, even in music, the people who really get good at it, well, you know, I'm just thinking of contemporary music, rock, whatever, they become leaders in the field. Areas that require merit to move on generally will produce leaders. And if you're a leader in one field, you can be a leader in another. It's not automatic, but leadership skills are transferable to many different areas. And, you know, like I go back to Trump, love him, hate him, he's a leader. And, you know, and you look at these people around the globe, it seems like the totalitarian people always have leaders. whether they want them or not.

Maybe they have too much leadership. But assuming that there's a system of accountability to some extent, then leadership really kind of finds its own way along the system. I was hoping to pick your brain on silver. I know you're a guy who stares at that market. I don't know, probably daily is probably the, but just you know you're focused on it uh i enjoy silver but i i'm um i don't know i think i'm getting a little more experienced in it but at the same time then i read some of your stuff

kerry and i go nope i got plenty to learn when you're looking at the silver market as today and moving forward what do you see yeah i see inflection point like today it went below 75 an ounce uh it's basically been uh gyrating back and forth between 75 and 88. It's done it a couple times. What I know about silver is that nobody knows about silver. It's kind of like you watch it, you think you get it, you never get it. But certain trends, you just see, you know, for 50 years, we couldn't get over $50 an ounce, you know? It goes back to the Hunt Brothers. Maybe it's not 50, 40 some odd years, 45 years.

The Hunt Brothers, it hit $50, never again hit it. Then in 16, I guess it was, or yeah, 16, got close to 50, pulled back. No, I'm sorry, it was 2011. And so we wait 15 years. it blasts through doubles, triples, and it hits 121 and pulled back to 64, and this is just classic.

But what I can tell you is, in 1965, they took silver out of the U.S. coinage, and most of it, with, for political reasons, they left a little silver in the Kennedy half dollar. The first one was minted in 64, It was 90%. It was immediately hoarded as like a keepsake of the president. He was so popular.

And then they made it 40% silver until 1970 took it out. But that was an anomaly, political thing. If back in 65, a gallon of gas was roughly two silver dimes. Now those two silver dimes, probably even with the price of gas going up, probably somewhere around three, four gallons that buys you. When you price things in silver and understand like in 64, an ounce of silver was getting close to a buck, but the coinage only had about 60 or 70% of its face value. in silver. So that is what you call a monetary premium. You know, a silver dollar was a 0.77 ounces, or 0.72 ounces of silver. Silver is a buck. So the face value of the coin is a dollar, but the silver content only worth 72 cents. And that was that was because it was a dollar, you know,

and the dollar was worth something. Now, the metal trades at the premium. And we're getting to the point where one silver dollar is going to be worth, you know, a pre-65 silver dollar is going to be worth 100 bucks. So you kind of have to ignore the noise. Try not to buy a top, a tops. But some in your age, you could just buy a few hundred bucks. whenever you can do it, you know, buy it weekly, whatever you can swing and just put it aside and

forget about it. You know, what I paid $50,000 for back in the crash when Silver was trading at $8 to $10 is now worth many times that. So, you know, you don't have to be a genius to figure this out. That's why I published my report, Living the Silverbacked lifestyle, Because when you got a commodity, and also, let's not forget about silver, we have a shortage of it. China is controlling a large portion of it. Demand is skyrocketing because electrification and technology, and they keep finding more uses for it. And there's really no substitute for it. So when you take all these things into account, silver has the wind at its back, like it never has.

as before, but it's highly manipulated. It's a small market. You know, Martin Armstrong has covered this before and you just, you can't follow it day to day and keep your sanity. Yeah. Well, I call Silver a wagon. It is a wagon of volatility. It's all over the place. Like to have a lot of fun with Silver. I've enjoyed paying attention to silver. I've enjoyed paying attention to since I started into precious metals. You had in an article of yours, the three mistakes that kills silver positions. You had the three mistakes,

treating physical silver like a trade, ignoring the gold silver ratio, no exit thesis. I thought that no exit thesis is probably something I've never really given a ton of consideration to because as you point out, it's not like I'm 20, but I got into it recently.

And I just, I kind of just threw it in the safe and I forgot all about it, right? I just, I don't even, I talk about it all the time, but in my brain, I go, do I think this is going down or up in the next decade? I'm like, I don't think it has a choice. I could be wrong. Maybe you can, Kerry, you can certainly point me different,

but like when you look at the state of the world, you talk about electrification, but like, I mean, look at the AI and everything going on and you see the, the use case for silver. I go, I don't see it. I just don't think it can go down, but maybe it can. Anything can go down. There's no sure things in life. We have a massive global depression.

Price of silver will go down. But its real purchasing power will increase in that scenario. So, you know, the same with gold. But silver is much more volatile than gold. Yeah, there, like the exit strategy, you might just say, I'm not going to part with any of my silver until I die. Or I might, if I see it go over 100 again, I might sell off a portion of my physical holdings

for other asset allocation. You know, I seriously thought about doing it back when silver hit 121, but, you know, there was no real reason to. So your exit strategy might be just leaving it to your heirs. you know having an exit strategy is important but it can't dictate your overall investment objectives but having an exit strategy generally will save you because it's very easy to get enthusiastic like when silver hit 121 an ounce to think it's going to 160 and 180 which I'm sure that it will but nothing ever goes straight up.

So having that exit strategy to at least take some money off the table is a good thing, because when silver goes, it goes really hard and fast, and then inevitably, when it goes parabolic, you know, gaps get filled. So that's why having somewhat of an exit strategy is good. And, you know, you love the silver. you can always buy it back later. I don't advocate timing. You have to be a trader to time,

and that's really difficult, even for the best traders. So basically, yeah, you get in at favorable times, get in at pullbacks. You know, the fact that it's leveling out here, I don't think it's going to go lower, but it could easily do it.

There is a deficit in silver, production and like you said, the AI, I didn't even think about that. We're also seeing like in the United States a huge infrastructure boom. After neglecting our physical infrastructure for years and years, finally we're going back and maybe we'll over-invest. But that infrastructure boom also will put pressure on silver on demand. You have the government. I've seen this. I've talked with a number of mining executives issuing permits much quicker than they used to do it, especially for silver. Silver going on the critical minerals, metals list in the United States and in many other countries

around the world, that's the tell. Gold isn't on the critical minerals or metals list because gold has certain industrial applications and jewelry, but it doesn't really. it isn't really used extensively in industry. So all of these factors virtually guarantee that silver is going higher. You don't have a lot of new large silver mines coming online. Most silver production, I mean, I'm just telling you what everybody knows. Most silver production is a byproduct of base metals like copper.

Sometimes you'll find it with gold. So there's not a lot of silver. new silver. Oh, and then, let's not forget, the world's largest producer is Mexico. And the silver provinces are controlled by the cartels. And right now there's a silent war going on in the United States on the cartels. Yeah, the drugs are important. I know that Trump definitely is anti-drug. The guy never did a drug in his life, for sure. No question about that. But But by far the number one priority is silver because 25, 20, 25% of the world's silver production comes from Mexico. And the day that those mines start shutting down because of the cartels is the day that the United States will march in there without a second thought.

They'll do it. We've invaded Mexico 15 times over the history. we might have done it already, but we're doing it through special forces, CIA. They just blew up some cartel guy with a car bomb. Did they do it? I don't know, but it's very convenient. And then they killed a couple of U.S. DEA agents. There's a silent war taking place there.

So that's the other thing. If things really get bad in Mexico, the price of silver will skyrocket. Yeah, when you talk about it, quote, the silent war, then I circled that because I'm like, you know, you think you go in, you kill somebody from the cartel. And the cartel, I'm going to assume is not a dumb group of people. And they would know, you know what? You're going to do that?

We can make life uncomfortable for you. And one of the ways would be silver then, knowing that it's like such a, you know, like, what number did you put on it? You said. 25%. 200 million ounces per year and we're in deficit, you know. So. Yeah, you think you think about that.

That's interesting, right? Like I don't, I, I, New Mexico was a large proportion of the world's supply of silver. But when you tack on that it's under cartel influence, is that probably the safest way to say it? It's in the cartel territory. they control. Yeah. Like you think that the U.S. would know, I mean, when you put things into the critical, on the critical list, the critical mineral metal list, right, and say, this is important. They would see that too and go, oh, this is where we're heading. Pressure point. Right. On the other hand, do they really want to take on the full power of the U.S. government?

I don't think they really want to do that. But, you know, they're businesses. They have competitive pressures. And extorting the silver industry is definitely one of their income streams. We know that for a fact. So where it's going to end up, I don't want to venture to say, but it's definitely getting interesting. Yeah, but if you go back to where we started this, you know, managers versus leaders under Biden.

And maybe it was different. Maybe Biden was in there waging a silent war, but I just, I don't know, from a Canadian's perspective, Biden didn't seem like he was really there for four years, right? So if you're the cartel,

you're like, we can have our way. It only takes a couple of moments to realize Donald Trump doesn't operate by everybody else's rules. And we've been seeing that for the last, you know, we're into June now, It's been six months.

We're almost two years out there, you know, a year and a half, you know? Right. So you mess with that entity, that monster, that person. You're going to experience the repercussions real fast. And I mean, we've been seeing it everywhere where anybody steps on the toes of Donald Trump all of a sudden. And you go back to the key infrastructure. I think that's a really interesting thing to watch. I don't know what you see in the price of silver happening with that,

but I mean, it will be a pressure point when it comes to silver as a whole. It's a wild card for sure. And, you know, I think I can see a scenario where the U.S. just basically marches in there to take care of business. But I don't want to predict it, but that certainly could be a black swan. You know, just what's going on around the globe. I won't pass judgment on Iran. I don't know if it's been a success or a failure yet. It could easily be both at the same time, but time probably favors the U.S.

But I will tell you what's happening, what happened with Venezuela, what's going to happen with Cuba, the fact the U.S. basically retook the Panama Canal. back from china without firing a shot all of these things really um really mean that uh that precious metals have a chance of uh of going much higher you know much much higher carry carry when you say time favors the u.s why do you why do you think that to some extent in the middle east i think it does because Because, you know, the hyperinflation that's taking place in Iran, the inability to pay their supporters, their police, military, basically they'll be left with just a core of fanatics who would work for nothing just for the glory of the 72 virgins. You know, that's going to be the core. How many of those people there are?

We don't know. but what I can tell you is that this thing is uh yeah it it's like um it's interesting let's put it that way it's a real interesting and um you know i uh i just see it uh you know as a big wildcard again i can't say what's going to happen i don't know but i do know that uh when things become unsustainable, you know, when they can't go any further, you know, the trend is their friend until the end, right? It's interesting. A common friend of ours, Martin Armstrong, when I had them on, I feel like it was the last

time, but maybe, forgive me, folks, it could be a couple times ago. You know, when Martin talks about the U.S. going into Iran, he doesn't mince words. I don't want to quote, I don't have the quote, but, you know, like basically it's a blunder, it's a quagmire, that they're going to be stuck there for a very long time. And it's almost the opposite that time isn't on the side of the U.S. That's why I'm curious about that because, you know, in talking with Martin, he looks at it and goes, you know, they're stuck into something for a very long time. And that is going to hurt the U.S. Well, politically, historically, historically boots on the ground. As long as there's not a large,

numbers of American troops getting killed, that war is totally abstract. All right. But when you have like a Vietnam or an Iraq or Afghanistan where it's a quagmire and troops are getting killed, that's when the political will disappears. You know, nobody particularly likes this war, but you're not really feeling the ramifications of it other than higher gas prices and gas prices have been this high in the past you know the first time gas hit four or five bucks a gallon um yeah it was like panic this is the third or fourth time we've had it people get desensitized to it no is it a negative in the elections yeah so politically

yes there's a timetable but as far as uh blocking the Straits of Hormuz and stopping the Iranian revenue coming in, time probably favors the U.S. to some extent. Walk me through. I know you got a legal fight going on with, I don't know, is it apps, parking apps? Can you, can you, it was my, I think it was one of the brothers or dad? I don't know. There you go.

Like that? For people watching, it's no parking, carry lots, giving the middle finger with a QR code. Yeah, and the name of the book is America's Great Parking Scam, You've Been Robbed. And, you know, I got a ticket. I didn't even, I was in a place where I'd been parking for years. They had just instituted paid parking. There was no notification. I went back because I parked there regularly.

I looked at the sign. I said, that sign, wait a second. That sign makes no sense here. And then I took a picture of it. I put it into AI. I said, isn't there a federal standard on parking signs? And it came back, yes, the MUTCD, which is something I had heard of before. It's the manual on uniform traffic control devices.

Let me show you a copy. Canada has one, too. It's called the Can I. Canadian MUTCD and this is what it looks like. And that's crap. It is. And more importantly than that, there is a section on parking signs, what they are supposed to look like. And you can see there like red and white and green and white and they have to glow in the dark.

That's called retro reflectivity. And basically, after seeing that, I said, I'm going to sue these people. I'm a recovering attorney. How hard can it be? I'll sue them in federal court. It's been kind of a wake-up call for me. I retired attorney. So, you know, it's turned into an adventure.

Let's put it that way. When you say it's turned into an adventure. you assumed you'd just sue them and life would go on and that's not in the case. Yeah, I figured they'd fold. I didn't know it was going to be like such obsessive, how much time it was going to take. But I'm glad I did it anyway. Because, you know, because what they do is wrong, you know, and there is nobody else fighting this thing. So it might as well be me is what I came to the conclusion, you know? And, you know, I'm glad I did it, even though it's been aggravating and I've made mistakes.

But I'm up against the, so listen to this. So it's just little old me, a cranky old recovering attorney in Palm Beach County. I sue six cities, three parking apps. They have retained, I think I'm up against 19 or 20 lawyers. Some of them are working behind the scenes, like 14 or 15 on the record. And they're spending millions of, they're spending, you know, every time they send an email, they probably drop $5,000 or $10,000, these cities, insurance companies, and whomever. So if I'm not a threat, if I don't know what I'm talking about, why all of the creme de la creme of

Florida municipal defense firms are basically fighting me, you know? It's kind of cool. Well, I assume there is huge money in what they're trying to do. Oh, my God, yeah. It's a multi-billion dollar extract. And it's not just here in South Florida, Florida, it's around the country. They've done it. They just, the MUTCD says the signs have to meet these requirements. And basically what every state in the country is said is except for parking. But parking, there is no, there's nothing in the code that says parking is exempt. In fact, there's much that says it isn't exempt. exempt. And Florida even goes further. They say that signs that don't confirm to the MUTCD as they adopted it are nuisances and subject to immediate removal. So, you know, so shouldn't that be, you know, forgive me, because with the way you position it and I go, shouldn't that be an open and shut case, but that is not the case because they've sent 20 lawyers to basically attack you and say, no, this is the way it is, even though the rulebook says it isn't?

Yeah, well, isn't that interesting, huh? You know, I agree with what you're saying, but it just doesn't always kind of work that way. But the judge on the case is Judge Eileen M. Cannon. She was the judge on the Trump case. and she holds everyone to high standards, myself included, especially I feel like. But she's a textualist, which means she reads and interprets the law as it's written, not as the parties say what it means.

So, you know, it's going to be interesting here. How far? Carrie, how far are you into it? Like, how long has this been going on? Uh, I, I got the ticket November 19th of 2025. I filed my action on, um, May, uh, March 5th, 2026. So it's been going on now, you know, three months, like to the day. And then you're in and out of court, like a lot?

Well, you don't go in and out of court. You've had a conference. She hands down orders. Um, Right now, our next conference is June 22nd, and it's unusual because she wants all the attorneys in her courtroom, which for me isn't a big deal. It's an hour north. But literally, these municipalities are going to be dropping six figures just on travel time and then however long the conference is. And due to a quirk of procedure, they can't file their motion to dismiss. quite yet, so they have to be prepared to address the merits of the case, which in my opinion, they have nothing to hide behind. That's the cool thing. And man, I can't even believe like the way it's working. And, you know, it's fun to watch. Yeah, well, it's interesting to hear about

because I'm like, you think about parking and what you're talking about. You're talking about billions of dollars. The government doesn't want to lose that. And so they're going to put up, are they worried about a hundred, you know, six figure travel expenses? No, because if they lose this, they're losing billions. And so the municipalities are going to throw everything at it to make sure that they don't lose this. Because that's a revenue stream that they don't want to lose. Even if they spend it poorly, it doesn't matter. It's money on the books that they don't want to lose.

So they're willing to spend a good chunk to make sure Kerry doesn't see his day in court or win a case. you know so it's interesting it'll be interesting to follow along carry honestly yeah well it's a grift you know this thing is a grift no other way to put it and uh the fact is that they don't want the gravy train to end because so the history of parking is fascinating originally uh it was created to uh to allocate spaces in front of retail establishments because people would park their cars all day long. Guy named McGee, 1935, Oklahoma City comes up with the parkomatic. It's basically a timer and you put a coin in.

Real similar to what was really out there until recently. And now, you know, it's become a multi-billion dollar grift international. I mean, it's all over the world. It's like a cancer. And, you know, we'll have to see what happens. It's funny how the bad ideas seem to spread really, really fast. Isn't it? Like, you get a good idea and mainstream just buries it and they won't talk about it

and they don't want it to see the light of day. An idea like this that takes more money from the taxpayer seems to just spread everywhere. Because every parking place, I don't know, like I remember as a kid the one you wind up, put a quarter in or how or much spin it and then it would slowly tick down and you know that was your parking meter now you know anywhere you go i think everybody can agree you need to roughly pay on an app like there's becoming very few kiosks even to pay from well the kiosks they're getting rid of they want app based only and let's look at the uh the apps because i'm also suing them um they provide they're on the App Store, and when you download an app and you click Accept, that's a digital contract.

And the age on the App Store is 4 plus on Apple and every age on Google. But the thing is that 16, 17-year-olds drive cars. There's 400,000 of them in Florida driving cars licensed and permitted, and they're entering into digital contracts, they're waiving their privacy rights, they're consenting to data sharing, geolocation data, current location is included in that data, identifiers, license plate, phone number, and IP address, and there's no parental verification. Do you want your kids going on an app like that where they're geo, they could be geo-targeted? And then the apps, they say they don't sell it, but maybe they trade the data.

I don't know what they do with it. And you don't. They can even store it in foreign countries. You know, there's something, something wrong with this, right? Doesn't it seem like there's something wrong with it? Well, you're bringing into, like, the data centers, like in your lifetime,

if I slide in probably the number, wow. So it's in the top five conversations going on right now, I think, is AI. Oh, yeah. Right? And like the exceptional speed, growth, adoption, all of the above of what's going on there. And then you bring in contracts and like, you know, all the data you're giving away and you don't even, you know, like, that's billions of people now, not just a couple hundred thousand. It's like a huge number that don't fully understand everything that's going on there in the pursuance of convenience, right? Like it's easy.

So you just do it, but then you don't realize what you're, you know, it takes somebody to stumble into it like Gary to go like, wait a second. Sometimes it's off here. I didn't start out like looking for this, you know. It found me. And, you know, it's like this all this happened. And then the signs are noncompliant. The cities in Florida contract out to parking management companies. and the parking management companies, the more tickets they write, the more money they make.

In American jurisprudence, that is a major no-no that the issuer of the ticket has to be neutral in that, you know, it's some city passing out the tickets, fine, but you can't have a corporation passing out the tickets, and then they make $10 on every ticket they write. you know so oh well this guy he has 30 seconds to go that's close enough give him the ticket you know or you should get a grace period but it's 15 minutes 13 and a half minutes nah just write him the ticket you know well and this is something you know like i think everyone in north america i can't speak to everywhere else in the world but here in canada the parking in a major city is wild to me because I think anyone can relate.

You park in a thing you're running in, you run out, and there's a ticket on your matril. Like, how the heck did they do that? Like, who's running? I'm like, I want, I want to own a parking lot because I feel like it's just a license to print money. Yeah. Oh, heck yeah.

Well, so here's the deal, though. The private parking lots, that's outside my suit. Sure. I'm only dealing with government grift on street parking. There's also a thing in Florida. and many other states that when the municipality provides a service for a fee, the fee cannot exceed the actual cost of the service. Well, what does it cost them for an on-street parking space?

Some paint on the road and the curb and the signs. It costs them nothing. So there's a constitutional issue there, but I don't want to get into all that. I'll just say that, you know, it really, it's really striking what can happen when you're not watching, when you're not watching the store. One final one before I let you out of here. I brought up AI and you've written about AI. I think everybody's been staring at it. You wrote, once AI meaningfully accelerates AI development. So AI starts developing itself. essentially. A curve stops looking linear and it just goes, you know, straight up. You know,

you talked earlier, like with silver, nothing goes straight up. It's like with AI, it's going to go straight up. Essentially is what I read. Oh, yeah. No, no, you're 100% correct there. And it's, it's a little bit scary. But, but yeah, we know that with AI, the, uh, it's, it's, it's revolutionary, right? It's really, it's a question of not if, but when and how fast it happens. But it's the most revolutionary thing that's happened in my life, my lifetime, and I've been through every branch of the tech, the tech boom. My first computer was in the late 70s and Apple 2 plus and for many years I upgraded every six months for a new computer. Now, Nvidia is going to be making the chips that actually run the computer. So, and the 75% of all the

code that's written on Google I read is AI generated. I mean, I created an app to learn Spanish that's better than any app, in my opinion, on the market. And I extended that to like the real estate exam, the loan mortgage loan specialist exam. It's amazing what you could do with it. It's an amplifier. And, you know, right now I think it's spurring employment, but it's not hard to imagine that down the road employment numbers are going to go down because of it. Look, I mean, in my test, I'm writing an article for tomorrow for my substack, which you can find. at carrylutz.com. I've been using full self-driving in my Tesla for years now.

And it's before, if you just relied on it and closed your eyes, you'd be dead. Now I will admit a couple of times to kind of nodding behind the wheel in traffic and waking up and no problem. The car had me covered. And in the past... 13,000 miles almost. I spent 97% of the time the car is driving, mainly parking lots, some weird situations. You can't just totally leave it.

But when you're on the highway, it drives better than you. Local streets, it could conceivably get into situations that you wouldn't. But overall, it's probably driving better than the vast majority of the public, myself included. In 2006, my brother, myself, and a friend biked across Canada, pedal bikes. And back then, 2006, you think, was there a smartphone on the market? Maybe there was, but the first one, the real explosion of it happens roughly a couple of years later, I believe. Certainly, I wasn't thinking about that then. In 2026, I would love to do it again with my children.

I'd love to bike across Canada. It was a wonderful experience. But I won't do it because I stare at the dangers of our Canadian highways right now. It is insane. What you're talking about is eventually in another 20 years, maybe less, maybe more. Less. The highways become remarkably safe because of self-driving. That's what you're talking about.

And you're opening up a window to where biking Canada for me sitting here goes, oh, there might be a day where the highways become safe enough all over. again because human beings who are very flawed very flawed and then you do you do you do how much of our trucking industry right now has new drivers from all parts of the world and yeah we're bringing in very poor driving habits and we're seeing it on a weekly basis if not daily oh yeah you could actually see in the in the coming years decades where the highways become a safe place again. Well, let me tell you the premise of my article for tomorrow. Sure. It's going to happen way, way faster than you ever imagine possible because in theory, most cars could, you probably got

to add cameras to them, but cars made like after 2017 or 18 probably could be retrofitted. That could be the big play in this, in this business. But let's say that the, uh, In the U.S., we had almost 37,000 highway fatalities last year. And let's say that it's proven that FSD, full self-driving, cuts that down in half or two-thirds. This is the equivalent of them submitting a new drug application to the FDA that cures cancer two-thirds of the time, 75%, they don't bother with the safety test for the rest of it.

They immediately release it to the market. That's what we're looking at because if something can save two thirds of these 37,000 people or three quarters of them, then you're really negligent in not releasing it, aren't you? That's interesting. Carrie, if people want to find you where you mentioned your website, is that where you direct them all? Or where can they find your books as well? Yeah, financial survival network.com, carrylutz.com, KHLFSN.com. It'll take you to the same place.

Substack is really the ideal. All of my books are on Amazon or wherever fine books used to be sold. And that's it. Hey, you can always send me an email, KL at kerrylutz.com. We answer everything that we can, but sometimes we get inundated. But hey, man, it's been a pleasure. I can see you really like doing this and, you know, keep up the fight because it's totally worth it. When you master this space, you know, you keep learning every day, right?

That's the key. Yes, you do. Well, then one final quick answer. If you had, you know, your financial survival, I've written it down and I missed it. If you had one piece of advice for the common person that's sitting there looking at their finances, they're seeing gas prices soar and, you know, they're going to the grocery store and they're seeing that. When you look at financial surviving survival, where, what would, what a piece of advice would you give them carry? All right.

If you're, obviously everybody's in different life circumstances, but you have an expertise in the world that nobody else has. I happen to have a few of them myself. I've been blessed. And invest in yourself. The highest ROI that you can do is investing in yourself. And now with AI and the internet, it's so, so easy. I got into podcasting. I found a course. I said, I want to do it, and I was just posting radio shows to my, to the internet, to iTunes. And I found a course podcasting A to Z. Cost me $800. Changed the course of my life, guy named Cliff Ravenscraft. He doesn't even teach it anymore. It's not obsolete, but it's just so much easier to podcast and video podcast.

So invest in yourself. Get a skill that's unique to you that you love. I don't say do what you love and you'll never work a day in your life. Do what you love. You'll work harder every day in your life than anybody else around you. But it won't feel like work. That's the key. That is very true.

So, I mean, I could go, I could wax on. I mean, recently, you know, become an author. I've, you know, I did six books last year. I wrote the books. AI helped me produce them. And two of them have become Amazon bestsellers, number one in multiple categories. And I just did it. I never even thought I could.

And I'm in my 60s already, late 60s, producing more than I did 25 years ago. And so, and don't wait. Don't wait. You know, don't say put it off till tomorrow. Stay healthy. Invest in your health. Everything else will come along with it. So if you're not healthy, you can't be happy.

So just do that. But I'm not here to give advice per se. This is just common sense. And, you know, try to find a way that makes you want to work every day. Carrie, appreciate you hopping on and doing this. Great seeing you again. You too, man. Hey, thanks for having me.